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Share Plans (Tables)

9 Months Ended

Oct. 01, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

Total share-based compensation expense for the quarters ended October 1, 2023, and September 25, 2022, was as follows:

						Third Quarter												Year-to-date
			In millions			2023						2022						2023						2022
			Total share-based compensation charges			$	0.7					$	0.9					$	2.0					$	1.8

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table illustrates the assumptions used in deriving the fair value of share options granted during 2023 and the year-ended December 31, 2022:

						2023						2022
			Dividend yield (%)			3.15 - 3.32						2.75 - 3.41
			Expected volatility range (%)			31.54 - 43.49						36.11 - 49.43
			Risk-free interest rate (%)			3.67 - 5.16						1.28 - 2.99
			Expected life of share options range (years)			1.00 - 4.00						0.50 - 4.00
			Forfeiture rate (%)			5.00						5.00
			Weighted average exercise price ($)			$1.00						$1.00
			Model used			Black-Scholes & Monte-Carlo						Black-Scholes & Monte-Carlo

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- References

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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