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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 02, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 7.9 $ 12.6
Restricted cash 0.3 0.3
Accounts and other receivables, net of allowances of $0.7 and $0.4, respectively 72.0 67.8
Inventories 119.3 111.1
Current assets held-for-sale 7.8 9.3
Total current assets 207.3 201.1
Non-current assets    
Property, plant and equipment, net 76.7 77.7
Right-of-use assets from operating leases 18.3 19.8
Goodwill 67.5 65.6
Intangibles, net 12.3 12.5
Deferred tax assets 3.0 3.0
Investments and loans to joint ventures and other affiliates 0.3 0.4
Pensions and other retirement benefits 29.8 27.0
Total assets 415.2 407.1
Current liabilities    
Short-term debt 0.0 25.0
Accounts payable 35.9 37.8
Accrued liabilities 24.4 29.4
Taxes on income 1.1 1.8
Current liabilities held-for-sale 3.5 5.0
Other current liabilities 13.2 11.2
Total current liabilities 78.1 110.2
Non-current liabilities    
Long-term debt 92.4 56.2
Pensions and other retirement benefits 0.0 4.5
Deferred tax liabilities 11.4 9.9
Other non-current liabilities 18.1 19.0
Total liabilities 200.0 199.8
Commitments and contingencies (Note 14)
Shareholders' equity    
Ordinary shares of £0.50 par value; authorized 40,000,000 shares for 2023 and 2022; issued and outstanding 28,944,000 for 2023 and 2022 26.5 26.5
Additional paid-in capital 222.1 221.4
Treasury shares (21.8) (20.4)
Company shares held by ESOP (0.9) (1.0)
Retained earnings 114.9 120.2
Accumulated other comprehensive loss (125.6) (139.4)
Total shareholders' equity 215.2 207.3
Total liabilities and shareholders' equity $ 415.2 $ 407.1