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Supplementary balance sheet information

3 Months Ended

Mar. 28, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary balance sheet information

Supplementary balance sheet information

									March 28,						December 31,
			In millions						2021						2020
			Accounts and other receivables
			Trade receivables						$	48.8					$	33.6
			Related parties						0.2						0.2
			Prepayments and accrued income						4.2						5.5
			Derivative financial instruments						0.3						0.2
			Deferred consideration						0.2						0.2
			Other receivables						2.3						3.4
			Total accounts and other receivables						$	56.0					$	43.1
			Inventories
			Raw materials and supplies						$	30.6					$	26.2
			Work-in-process						24.0						19.7
			Finished goods						21.0						22.9
			Total inventories						$	75.6					$	68.8
			Other current assets
			Income tax receivable						1.1						1.5
			Total other current assets						$	1.1					$	1.5
			Property, plant and equipment, net
			Land, buildings and leasehold improvements						$	65.5					$	65.2
			Machinery and equipment						269.2						255.3
			Construction in progress						5.1						7.8
			Total property, plant and equipment						339.8						328.3
			Accumulated depreciation and impairment						(245.9)						(242.3)
			Total property, plant and equipment, net						$	93.9					$	86.0
			Other current liabilities
			Contingent liabilities						$	11.5					$	10.1
			Derivative financial instruments						0.3						0.4
			Operating lease liability						2.0						2.9
			Other current liabilities						0.2						0.1
			Total other current liabilities						$	14.0					$	13.5
			Other non-current liabilities
			Contingent liabilities						$	1.0					$	1.0
			Operating lease liability						7.2						6.7
			Total other non-current liabilities						$	8.2					$	7.7

7.    Supplementary balance sheet information (continued)

Held-for-sale assets and liabilities

In 2020, the Company classified its Superform aluminum superplastic forming business operating from sites in the U.S. and the U.K, and our U.S. aluminum gas cylinder business as assets and liabilities held-for-sale in accordance with ASC 205-20 Discontinued Operations. See Note 10 for a breakdown of this disposal group.

There was also one building valued at $3.7 million, within our Elektron Segment classified as held-for-sale assets, previously included within other current assets. The building was classified as held-for-sale in 2019, as the expectation was that the building would be sold in 2020. There are conditions attached to the sale which the Company now expects to be met in 2021 and as such the building continues to be classified as held-for-sale.

The respective assets and liabilities of the above disposal groups have been reclassified as held-for-sale per the table below.

			Held-for-sale assets			March 28,						December 31,
			In millions			2021						2020
			Property, plant and equipment			$	5.1					$	11.6
			Right-of-use-assets from operating leases			2.9						3.1
			Inventory			6.3						12.6
			Accounts and other receivables			6.4						8.7
			Held-for-sale assets			$	20.7					$	36.0
			Held-for-sale liabilities
			Accounts payable			2.9						4.3
			Accrued liabilities			1.1						1.5
			Other current liabilities			3.3						5.6
			Held-for-sale liabilities			$	7.3					$	11.4

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- Definition

The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-URI http://asc.fasb.org/topic&trid=2122208

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