XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Held-for-sale assets and liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of current held-for-sale assets and liabilities |
|  |  | Third Quarter |  | Year-to-date |
| In millions |  | 2025 |  | 2024 |  | 2025 |  | 2024 |
| Loss on held-for-sale asset group |  | $ | 1.1 |  |  | $ | — |  |  | $ | 1.1 |  |  | $ | 7.5 |  |
| Disposal related costs |  | — |  |  | 0.1 |  |  | 0.1 |  |  | 2.0 |  |
|  |  | $ | 1.1 |  |  | $ | 0.1 |  |  | $ | 1.2 |  |  | $ | 9.5 |  |
Results of discontinued operations in the third quarter and first nine months of 2025 and 2024 were as follows:
|  | Third Quarter |  | Year-to-date |
| In millions | 2025 |  | 2024 |  |  | 2025 |  | 2024 |
| Net sales | $ | 2.7 |  |  | $ | 1.6 |  |  |  | $ | 6.8 |  |  | $ | 4.7 |  |
| Cost of goods sold | (1.6) |  |  | (1.1) |  |  |  | (4.9) |  |  | (3.6) |  |
| Gross profit | 1.1 |  |  | 0.5 |  |  |  | 1.9 |  |  | 1.1 |  |
| Selling, general and administrative expenses | (1.0) |  |  | (0.3) |  |  |  | (1.8) |  |  | (1.1) |  |
| Restructuring credit / (charge) | 0.1 |  |  | — |  |  |  | 0.4 |  |  | (0.1) |  |
| Loss on assets held-for-sale | — |  |  | — |  |  |  | (2.8) |  |  | — |  |
| Operating income / (loss) | 0.2 |  |  | 0.2 |  |  |  | (2.3) |  |  | (0.1) |  |
| Tax (charge) / credit | — |  |  | (0.1) |  |  |  | 0.1 |  |  | — |  |
| Net income / (loss) | $ | 0.2 |  |  | $ | 0.1 |  |  |  | $ | (2.2) |  |  | $ | (0.1) |  |
The associated assets and liabilities relating to Superform U.S. that are classified as held-for-sale were as follows:
| Held-for-sale assets | September 28, |  | December 31, |
| In millions | 2025 |  | 2024 |
| Inventory | $ | 3.2 |  |  | $ | 4.0 |  |
| Prepayments and accrued income | 0.3 |  |  | 0.4 |  |
| Accounts and other receivables | 3.3 |  |  | 1.8 |  |
| Current assets | 6.8 |  |  | 6.2 |  |
| Right-of-use-assets | $ | — |  |  | $ | 1.5 |  |
| Total assets | $ | 6.8 |  |  | $ | 7.7 |  |
| Accounts payable | $ | 0.8 |  |  | $ | 0.8 |  |
| Accrued liabilities | 0.6 |  |  | 0.4 |  |
| Other current liabilities | 1.4 |  |  | 2.4 |  |
| Current liabilities | $ | 2.8 |  |  | $ | 3.6 |  |
| Total liabilities | $ | 2.8 |  |  | $ | 3.6 |  |
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 28, |  | December 31, |
| In millions | 2025 |  | 2024 |
| Inventory | $ | 3.2 |  |  | $ | 11.3 |  |
| Prepayments and accrued income | 0.3 |  |  | 1.6 |  |
| Accounts and other receivables | 3.3 |  |  | 5.5 |  |
| Current assets | $ | 6.8 |  |  | $ | 18.4 |  |
| Property, plant and equipment | $ | — |  |  | $ | 0.3 |  |
| Right-of-use-assets | — |  |  | 3.8 |  |
| Non-current assets | $ | — |  |  | $ | 4.1 |  |
| Total held-for-sale assets | $ | 6.8 |  |  | $ | 22.5 |  |
| Held-for-sale liabilities |  |  |  |
| Accounts payable | $ | 0.8 |  |  | $ | 1.4 |  |
| Accrued liabilities | 0.6 |  |  | 3.3 |  |
| Other current liabilities | 1.4 |  |  | 8.1 |  |
| Held-for-sale liabilities | $ | 2.8 |  |  | $ | 12.8 |  |
The consideration and loss on disposal was calculated as follows:
| In millions | 2025 |
| Gross consideration | $ | 7.3 |  |
| Working capital adjustment | (1.3) |  |
| Transaction costs | (1.7) |  |
| Net proceeds | $ | 4.3 |  |
| Net assets disposed | (4.8) |  |
| Accrued transaction costs | (0.6) |  |
| Net loss on disposal | $ | (1.1) |  |
The carrying amounts of the assets and liabilities of Graphic Arts at the date of disposal were as follows:
| Assets | July 2, |
| In millions | 2025 |
| Inventory | $ | 7.8 |  |
| Prepayments and accrued income | 0.9 |  |
| Accounts and other receivables | 3.8 |  |
| Current assets | $ | 12.5 |  |
| Property, plant and equipment | $ | 0.5 |  |
| Right-of-use-assets | 2.3 |  |
| Non-current assets | $ | 2.8 |  |
| Total assets | $ | 15.3 |  |
| Liabilities |  |
| Accounts payable | $ | 0.6 |  |
| Accrued liabilities | 4.4 |  |
| Other current liabilities | 5.5 |  |
| Total liabilities | $ | 10.5 |  |
| Net assets disposed | $ | 4.8 |  |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration