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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Operating activities    
Net income $ 14.9 $ 3.9
Net loss from discontinued operations 0.1 0.0
Net income from continuing operations 15.0 3.9
Adjustments to reconcile net income to net cash provided / (used) by operating activities    
Depreciation 6.9 9.2
Amortization of purchased intangible assets 0.6 0.6
Amortization of debt issuance costs 0.2 0.3
Share-based compensation charges 2.1 2.0
Deferred income taxes 0.5 1.6
Loss on disposal of property, plant and equipment 0.1 0.0
Asset impairments 0.0 2.7
Gain on disposal of held for sale assets (6.1) 0.0
Loss on held for sale asset group 7.5 0.0
Defined benefit pension (credit) / charge (0.8) 8.0
Defined benefit pension contributions 0.0 (2.1)
Changes in assets and liabilities    
Accounts and other receivables (5.5) (0.6)
Inventories (10.3) 1.2
Current assets held-for-sale (2.2) 0.4
Accounts payable (4.4) (0.9)
Accrued liabilities 12.9 (8.7)
Current liabilities held-for-sale 0.1 (0.7)
Other current liabilities 8.9 (7.0)
Other non-current assets and liabilities (0.1) 0.3
Net cash provided by operating activities - continuing 25.4 10.2
Net cash provided by operating activities - discontinued 0.2 0.1
Net cash provided by operating activities 25.6 10.3
Investing activities    
Capital expenditures (7.3) (7.5)
Purchase of intangible assets (0.4) 0.0
Net cash used by investing activities - continuing (7.7) (7.5)
Net cash used by investing activities - discontinued (0.2) (0.1)
Net cash used by investing activities (7.9) (7.6)
Financing activities    
Net repayment of short-term borrowings (0.9) (25.0)
Net (repayment) / drawdown of long-term borrowings (2.9) 22.5
Repurchase of own shares (1.6) (2.2)
Share-based compensation cash paid (0.4) (0.3)
Dividends paid (10.5) (10.5)
Net cash used by financing activities (16.3) (15.5)
Effect of exchange rate changes on cash and cash equivalents 0.1 0.3
Net increase / (decrease) 1.5 (12.5)
Cash, cash equivalents and restricted cash; beginning of year 2.6 12.9
Cash, cash equivalents and restricted cash; end of the third quarter 4.1 0.4
Supplemental cash flow information:    
Interest payments 4.4 4.8
Income tax payments, net $ 0.5 $ 2.8