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Derivatives and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

December 31, 2024

Sales hedges

U.S. dollars

Canadian Dollars

Contract totals/£m

36.5

0.2

Maturity dates

01/25 to 03/25

01/25

Exchange rates

$1.2511 to $1.2999

$1.7969

Purchase hedges

U.S. dollars

Euros

Canadian dollars

Australian dollars

Contract totals/£m

1.2

0.8

15.6

1.0

Maturity dates

01/25

02/25

01/25 to 03/25

01/25

Exchange rates

$1.2507

€1.2104

$1.7451 to $1.8137

$2.0073 to $2.0177

December 31, 2023

Sales hedges

U.S. dollars

Euros

Canadian Dollars

Japanese Yen

Contract totals/£m

23.5

3.4

0.3

0.2

Maturity dates

01/24 to 02/24

01/24 to 03/24

01/24 to 02/24

01/24 to 02/24

Exchange rates

$1.2159 to $1.2760

€1.1432 to €1.1494

$1.6843

¥179.3673 to ¥185.6455

Purchase hedges

U.S. dollars

Euros

Canadian dollars

Australian dollars

Chinese yuan

Contract totals/£m

0.4

0.8

11.0

0.9

1.4

Maturity dates

02/24 to 03/24

01/24

01/24 to 02/24

01/24

01/24

Exchange rates

$1.2155 to $1.2614

€1.1577 to €1.1535

$1.7199 to $1.6840

$1.8719

¥9.0433 to ¥9.0440

Schedule of Fair Values of the Financial Instruments

The fair values of the financial instruments of the Company at December 31, 2024 and 2023, were analyzed using the hierarchy as follows:

						December 31, 2024
			In millions			Total						Level 1						Level 2						Level 3
			Derivative financial liabilities:
			Foreign currency contract liabilities			$	0.9					$	—					$	0.9					$	—
			Interest bearing loans and borrowings:
			Loan Notes due 2026			25.0						—						25.0						—
			Revolving credit facility			17.2						—						17.2						—
			Bank overdraft			3.1						—						3.1						—

						December 31, 2023
			In millions			Total						Level 1						Level 2						Level 3
			Derivative financial assets:
			Foreign currency contract assets			$	0.4					$	—					$	0.4					$	—
			Interest bearing loans and borrowings:
			Loan Notes due 2026			25.0						—						25.0						—
			Revolving credit facility			43.1						—						43.1						—
			Bank overdraft			4.6						—						4.6						—

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Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

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