XML 42 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Disposal related costs (Tables)
 9 Months Ended
Sep. 28, 2025
Business Combination [Abstract]  
Schedule of acquisition and disposal cost
Third QuarterYear-to-date
In millions2025202420252024
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 QuarterYear-to-date
In millions2025202420252024
Net sales$2.7 $1.6 $6.8 $4.7 
Cost of goods sold(1.6)(1.1)(4.9)(3.6)
Gross profit1.1 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 millions20252024
Inventory$3.2 $4.0 
Prepayments and accrued income0.3 0.4 
Accounts and other receivables3.3 1.8 
Current assets6.8 6.2 
Right-of-use-assets$— $1.5 
Total assets$6.8 $7.7 
Accounts payable$0.8 $0.8 
Accrued liabilities0.6 0.4 
Other current liabilities1.4 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 millions20252024
Inventory$3.2 $11.3 
Prepayments and accrued income0.3 1.6 
Accounts and other receivables3.3 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 liabilities0.6 3.3 
Other current liabilities1.4 8.1 
Held-for-sale liabilities$2.8 $12.8 
The consideration and loss on disposal was calculated as follows:
In millions2025
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:
AssetsJuly 2,
In millions2025
Inventory$7.8 
Prepayments and accrued income0.9 
Accounts and other receivables3.8 
Current assets$12.5 
Property, plant and equipment$0.5 
Right-of-use-assets2.3 
Non-current assets$2.8 
Total assets$15.3 
Liabilities
Accounts payable$0.6 
Accrued liabilities4.4 
Other current liabilities5.5 
Total liabilities$10.5 
Net assets disposed$4.8