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Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Results of Discontinued Operations
Results of discontinued operations in the first quarter of 2024 and 2023 were as follows:
First Quarter
In millions20242023
Net sales$1.5 $2.3 
Cost of goods sold(1.1)(1.9)
Gross profit$0.4 $0.4 
Selling, general and administrative expenses(0.4)(0.3)
Restructuring charges(0.1)(0.1)
Operating (loss) / profit$(0.1)$— 
Tax credit / (charge) — 
Net (loss) / profit$(0.1)$— 
The assets and liabilities classified as held-for-sale related to discontinued operations were as follows:
Held-for-sale assets March 31,December 31,
In millions20242023
Inventory$3.7 $3.3 
Accounts and other receivables2.1 2.3 
Current assets5.8 5.6 
Right-of-use-assets1.8 2.1 
Held-for-sale assets$7.6 $7.7 
Held-for-sale liabilities
Accounts payable0.8 0.9 
Accrued liabilities0.3 0.4 
Other liabilities2.5 2.6 
Held-for-sale liabilities$3.6 $3.9 
The total assets and liabilities classified as held-for-sale, including those that qualify as discontinued operations are as follows:
Held-for-sale assets March 31,December 31,
In millions20242023
Inventory$18.0 $3.3 
Accounts and other receivables6.8 2.3 
Current assets24.8 5.6 
Property, plant and equipment1.2 1.2 
Right-of-use-assets1.8 2.1 
Non-current assets3.0 3.3 
Total held-for-sale assets$27.8 $8.9 
Held-for-sale liabilities
Accounts payable2.1 0.9 
Accrued liabilities1.9 0.4 
Other liabilities4.0 2.6 
Held-for-sale liabilities$8.0 $3.9