Supplementary balance sheet information

6 Months Ended

Jun. 27, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]


	June 27,		December 31,
In millions	2021		2020
Accounts and other receivables
Trade receivables	$	49.3	$	33.6
Related parties	0.2		0.2
Prepayments and accrued income	5.0		5.5
Derivative financial instruments	0.2		0.2
Deferred consideration	0.2		0.2
Other receivables	2.6		3.4
Total accounts and other receivables	$	57.5	$	43.1
Inventories
Raw materials and supplies	$	33.1	$	26.2
Work-in-process	24.7		19.7
Finished goods	19.5		22.9
Total inventories	$	77.3	$	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	$	67.4	$	65.2
Machinery and equipment	267.2		255.3
Construction in progress	5.9		7.8
Total property, plant and equipment	340.5		328.3
Accumulated depreciation and impairment	(249.7)		(242.3)
Total property, plant and equipment, net	$	90.8	$	86.0







Other current liabilities
Restructuring related liabilities	$	9.1	$	9.0
Contingent liabilities	1.4		1.1

Derivative financial instruments	0.1		0.4
Operating lease liability	2.0		2.9
Other current liabilities	0.7		0.1
Total other current liabilities	$	13.3	$	13.5
Other non-current liabilities
Contingent liabilities	$	0.8	$	1.0

Operating lease liability	7.1		6.7

Total other non-current liabilities	$	7.9	$	7.7

7. Supplementary balance sheet information (continued)

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. Our U.S. aluminum gas cylinder business was sold during the First Quarter of 2021.

There is 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	June 27,		December 31,
In millions	2021		2020
Property, plant and equipment	$	5.1	$	11.6
Right-of-use-assets from operating leases	2.6		3.1
Inventory	5.9		12.6
Accounts and other receivables	6.5		8.7
Held-for-sale assets	$	20.1	$	36.0

Held-for-sale liabilities
Accounts payable	2.3		4.3
Accrued liabilities	1.0		1.5
Other current liabilities	3.2		5.6
Held-for-sale liabilities	$	6.5	$	11.4

There has been no reclassification of items from other comprehensive income to the income statement as a result of items reclassified to held-for-sale.