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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 29, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of results of discontinued operations |
|  |  | Third Quarter |  | Year-to-date |
| In millions |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
| Loss on held-for-sale asset group |  | $ | — |  |  | $ | — |  |  | $ | 7.5 |  |  | $ | — |  |
| Disposal related costs |  | 0.1 |  |  | — |  |  | 2.0 |  |  | — |  |
|  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 9.5 |  |  | $ | — |  |
Results of discontinued operations in the third quarter and first nine months of 2024 and 2023 were as follows:
|  | Third Quarter |  | Year-to-date |
| In millions | 2024 |  | 2023 |  |  | 2024 |  | 2023 |
| Net sales | $ | 1.6 |  |  | $ | 1.9 |  |  |  | $ | 4.7 |  |  | $ | 6.1 |  |
| Cost of goods sold | (1.1) |  |  | (1.4) |  |  |  | (3.6) |  |  | (5.0) |  |
| Gross profit | 0.5 |  |  | 0.5 |  |  |  | 1.1 |  |  | 1.1 |  |
| Selling, general and administrative expenses | (0.3) |  |  | (0.3) |  |  |  | (1.1) |  |  | (1.0) |  |
| Restructuring charge | — |  |  | 0.1 |  |  |  | (0.1) |  |  | (0.1) |  |
| Operating income / (loss) | 0.2 |  |  | 0.3 |  |  |  | (0.1) |  |  | — |  |
| Tax (charge) / credit | (0.1) |  |  | (0.1) |  |  |  | — |  |  | — |  |
| Net income / (loss) | $ | 0.1 |  |  | $ | 0.2 |  |  |  | $ | (0.1) |  |  | $ | — |  |
The assets and liabilities classified as held-for-sale related to discontinued operations were as follows:
| Held-for-sale assets | September 29, |  | December 31, |
| In millions | 2024 |  | 2023 |
| Inventory | $ | 4.1 |  |  | $ | 3.3 |  |
| Accounts and other receivables | 2.1 |  |  | 2.3 |  |
| Current assets | 6.2 |  |  | 5.6 |  |
| Right-of-use-assets | 1.6 |  |  | 2.1 |  |
| Held-for-sale assets | $ | 7.8 |  |  | $ | 7.7 |  |
| Held-for-sale liabilities |  |  |  |
| Accounts payable | $ | 0.7 |  |  | $ | 0.9 |  |
| Accrued liabilities | 0.4 |  |  | 0.4 |  |
| Other liabilities | 2.2 |  |  | 2.6 |  |
| Held-for-sale liabilities | $ | 3.3 |  |  | $ | 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 | September 29, |  | December 31, |
| In millions | 2024 |  | 2023 |
| Inventory | $ | 12.1 |  |  | $ | 3.3 |  |
| Accounts and other receivables | 8.2 |  |  | 2.3 |  |
| Current assets | 20.3 |  |  | 5.6 |  |
| Property, plant and equipment | 0.2 |  |  | 1.2 |  |
| Right-of-use-assets | 1.6 |  |  | 2.1 |  |
| Non-current assets | 1.8 |  |  | 3.3 |  |
| Total held-for-sale assets | $ | 22.1 |  |  | $ | 8.9 |  |
| Held-for-sale liabilities |  |  |  |
| Accounts payable | 2.1 |  |  | 0.9 |  |
| Accrued liabilities | 1.8 |  |  | 0.4 |  |
| Other liabilities | 3.3 |  |  | 2.6 |  |
| Held-for-sale liabilities | $ | 7.2 |  |  | $ | 3.9 |  |

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