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Share Plans (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

Total share-based compensation expense for the quarters ended March 31, 2024 and April 2, 2023 was as follows:

						First Quarter
			In millions			2024						2023
			Total share-based compensation charges			$	0.6					$	0.6

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 the First Quarter of 2024 and the year-ended December 31, 2023:

						First Quarter						Year ended December 31,
						2024						2023
			Dividend yield (%)			3.15 - 3.32						3.15 - 3.32
			Expected volatility range (%)			31.54 - 43.49						31.54 - 43.49
			Risk-free interest rate (%)			3.67 - 5.16						3.67 - 5.16
			Expected life of share options range (years)			1.00 - 4.00						1.00 - 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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