Income Taxes |
6 Months Ended |
|---|---|
Jun. 29, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes We manage our affairs so that we are centrally managed and controlled in the United Kingdom (“U.K.”) and therefore have our tax residency in the U.K. The provision for income taxes consists of provisions for the U.K. and international income taxes. We operate in an international environment with operations in various locations outside the U.K. Accordingly, the consolidated income tax rate is a composite rate reflecting the earnings in the various locations and the applicable rates. The effective income tax rate on continuing operations for the first half ended June 29, 2025, was a 29.1%, tax charge compared to a 63.1% tax charge for the first half ended June 30, 2024. In 2025 the rate was impacted by non-deductible expenses, in 2024, the rate was impacted by non-deductible expenses, the loss on held-for-sale asset group and accelerated depreciation charges. On July 4, 2025, the One Big Beautiful Bill Act was enacted into law, introducing significant changes to U.S. tax legislation. Our assessment into the full effects of the legislation and it's impact on the overall tax expense is ongoing
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