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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Taxes | Income before income taxes consisted of the following:
|  |  | Years ended December 31, |
| In millions |  | 2023 |  | 2022 |  | 2021 |
| U.K. |  | $ | 10.4 |  |  | $ | 10.9 |  |  | $ | 21.8 |  |
| International(1) |  | (20.1) |  |  | 30.1 |  |  | 13.6 |  |
| (Loss) / income before income taxes |  | $ | (9.7) |  |  | $ | 41.0 |  |  | $ | 35.4 |  |
(1) "International" reflects non-U.K. income before income taxes.
Schedule of Provision for Income Taxes | The provision for income taxes consisted of the following:
|  |  | Years ended December 31, |
| In millions |  | 2023 |  | 2022 |  | 2021 |
| Currently payable |  |  |  |  |  |  |
| U.K. |  | $ | 0.5 |  |  | $ | (3.5) |  |  | $ | 2.0 |  |
| International(1) |  | 0.4 |  |  | 2.7 |  |  | 5.4 |  |
| Total current taxes |  | $ | 0.9 |  |  | $ | (0.8) |  |  | $ | 7.4 |  |
| Deferred |  |  |  |  |  |  |
| U.K. |  | $ | 1.3 |  |  | $ | 7.1 |  |  | $ | (1.1) |  |
| International(1) |  | (9.3) |  |  | 2.7 |  |  | (0.9) |  |
| Total deferred taxes |  | $ | (8.0) |  |  | $ | 9.8 |  |  | $ | (2.0) |  |
| Total provision for income taxes |  | $ | (7.1) |  |  | $ | 9.0 |  |  | $ | 5.4 |  |
(1) "International" reflects non-U.K. income taxes.
Reconciliation of Income before Income Taxes and Total Provision for Income Taxes | Differences between the financial reporting and the corresponding tax basis of assets and liabilities and the different income tax rates and laws applicable to the Company, among other factors, give rise to permanent differences between the statutory tax rate applicable in the U.K. and the effective tax rate presented in the Consolidated Income Statement, which in 2023, 2022 and 2021, were as follows:
|  | Years ended December 31, |
| In millions | 2023 |  | 2022 |  | 2021 |
| Income before income taxes | $ | (9.7) |  |  | $ | 41.0 |  |  | $ | 35.4 |  |
| Provision for income taxes at the U.K. statutory tax rate (2023: 23.5%, 2022:19%, 2021: 19%) | (2.3) |  |  | 7.8 |  |  | 6.7 |  |
| Effect of: |  |  |  |  |  |
| Non-deductible expenses | 0.6 |  |  | 0.7 |  |  | 1.9 |  |
| Movement in valuation allowances | (0.2) |  |  | 0.6 |  |  | (0.6) |  |
| Differences in income tax rates in countries where the Company operates(1) | 0.6 |  |  | 1.5 |  |  | 0.5 |  |
| Effect of changes in tax rates (2) | 0.1 |  |  | (0.1) |  |  | (2.0) |  |
| Tax impact of defined benefit pension settlement | (4.9) |  |  | — |  |  | — |  |
| Other | (1.0) |  |  | (1.5) |  |  | (1.1) |  |
| Total provision for income taxes | $ | (7.1) |  |  | $ | 9.0 |  |  | $ | 5.4 |  |
(1) Refers mainly to the effects of the differences between the statutory income tax rate in the U.K. against the applicable income tax rates of each country where the Company operates. (2) An increase in the U.K. corporation tax rate from 19% to 25%, effective from April 1, 2023, was announced in March 2021. Rate changes also occur in each period as a result of changes in the average state tax rate in the U.S.
Schedule of Unrecognized Tax Benefits | Reconciliations of the beginning and ending gross unrecognized tax benefits were as follows:
|  | Years ended December 31, |
| In millions | 2023 |  | 2022 |  | 2021 |
| Beginning balance | $ | 1.1 |  |  | $ | 1.8 |  |  | $ | 2.4 |  |
| Gross increases based on tax positions related to the current year | — |  |  | — |  |  | 0.1 |  |
| Reductions due to expiry of statute of limitations | — |  |  | (0.7) |  |  | (0.7) |  |
| Ending balance | $ | 1.1 |  |  | $ | 1.1 |  |  | $ | 1.8 |  |
| Non-current | $ | 1.1 |  |  | $ | 1.1 |  |  | $ | 1.8 |  |
Summary of Tax Years Open by Major Tax Jurisdiction | The following is a summary of the tax years open by major tax jurisdiction:
| Jurisdiction |  | Years open |
| U.K. |  | 2020 - 2023 |
| U.S. Federal |  | 2020 - 2023 |
| U.S. State and local |  | 2020 - 2023 |
| France |  | 2020 - 2023 |
| Germany |  | 2019 - 2023 |
| China |  | 2020 - 2023 |
| Canada |  | 2019 - 2023 |
Schedule of Deferred Tax Assets and Liabilities | Deferred taxes were recorded in the Consolidated Balance Sheets as follows:
|  | December 31, |
| In millions | 2023 |  | 2022 |
| Deferred tax assets | $ | 3.9 |  |  | $ | 3.0 |  |
| Deferred tax liabilities | (10.2) |  |  | (9.9) |  |
| Net deferred tax (liabilities) / assets | $ | (6.3) |  |  | $ | (6.9) |  |
The tax effects of the major items recorded in deferred tax assets and liabilities were as follows:
|  | December 31, |
| In millions | 2023 |  | 2022 |
| Deferred tax assets |  |  |  |
| Accrued liabilities | 1.0 |  |  | 0.8 |  |
| Tax loss and credit carry forwards | 19.0 |  |  | 18.9 |  |
| Employee compensation benefits | 1.2 |  |  | 1.3 |  |
| Operating leases | 3.5 |  |  | 4.0 |  |
| Property, plant and equipment | 1.4 |  |  | 1.7 |  |
| Excess interest capacity carry forward | 2.0 |  |  | — |  |
| Other | 0.7 |  |  | 0.4 |  |
| Total deferred tax assets | 28.8 |  |  | 27.1 |  |
| Valuation allowances | (17.0) |  |  | (16.5) |  |
| Deferred tax assets, net of valuation allowances | $ | 11.8 |  |  | $ | 10.6 |  |
| Deferred tax liabilities |  |  |  |
| Property, plant and equipment | $ | 1.5 |  |  | $ | 6.0 |  |
| Pension benefits | 9.4 |  |  | 3.7 |  |
| Goodwill and other intangibles | 4.4 |  |  | 3.9 |  |
| Operating leases | 2.8 |  |  | 3.9 |  |
| Other | — |  |  | — |  |
| Total deferred tax liabilities | $ | 18.1 |  |  | $ | 17.5 |  |
| Net deferred tax assets | $ | (6.3) |  |  | $ | (6.9) |  |
Summary of Valuation Allowance | Reconciliations of the beginning and ending valuation allowances were as follows:
|  | Years ended December 31, |
| In millions | 2023 |  | 2022 |
| Beginning balance | $ | 16.5 |  |  | $ | 18.0 |  |
| Foreign exchange movements | 0.7 |  |  | (2.2) |  |
| (Deductions) / additions | (0.2) |  |  | 0.7 |  |
| Closing balance | $ | 17.0 |  |  | $ | 16.5 |  |

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