CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 4.1	$ 2.3
Restricted cash	2.2	0.3
Accounts and other receivables, net of allowances of $0.3 and $0.7, respectively	58.8	54.2
Prepayments and accrued income	4.6	5.7
Inventories	83.6	95.9
Current assets held-for-sale	22.5	8.9
Other current assets	0.0	1.5
Total current assets	175.8	168.8
Non-current assets
Property, plant and equipment, net	62.8	63.8
Right-of-use assets from operating leases	11.5	15.4
Goodwill	67.0	67.5
Intangibles, net	11.5	12.0
Deferred tax assets	4.1	3.9
Pensions and other retirement benefits	49.3	40.3
Investments and loans to joint ventures and other affiliates	0.4	0.4
Total assets	382.4	372.1
Current liabilities
Current maturities of long-term debt and short-term borrowings	3.1	4.6
Accounts payable	29.6	26.5
Accrued liabilities	24.0	20.9
Taxes on income	5.6	0.0
Current liabilities held-for-sale	12.8	3.9
Other current liabilities	18.6	8.9
Total current liabilities	93.7	64.8
Non-current liabilities
Long-term debt	42.0	67.6
Pensions and other retirement benefits	0.1	0.1
Deferred tax liabilities	14.0	10.2
Other non-current liabilities	13.1	16.8
Total liabilities	162.9	159.5
Commitments and contingencies (Note $20)
Shareholders' equity
Ordinary shares of £0.50 par value; authorized 40,000,000 shares for 2024 and 2023; issued 28,944,000 for 2024 and 2023; outstanding 26,742,074 and 26,834,628 for 2024 and 2023, respectively	26.5	26.5
Additional paid-in capital	226.1	223.5
Treasury shares	(24.9)	(22.9)
Company shares held by ESOP	(0.8)	(0.9)
Retained earnings	108.7	104.3
Accumulated other comprehensive loss	(116.1)	(117.9)
Total shareholders' equity	219.5	212.6
Total liabilities and shareholders' equity	$ 382.4	$ 372.1

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).