v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 29, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Results of Discontinued Operations
Results of discontinued operations in the second quarter and first six months of 2025 and 2024 were as follows:
Second QuarterYear-to-date
In millions2025202420252024
Net sales$2.6 $1.6 $4.1 $3.1 
Cost of goods sold(1.9)(1.4)(3.3)(2.5)
Gross profit0.7 0.2 0.8 0.6 
Selling, general and administrative expenses(0.4)(0.4)(0.8)(0.8)
Restructuring credit / (charge)— — 0.3 (0.1)
Loss on assets held-for-sale(2.8)— (2.8)— 
Operating loss(2.5)(0.2)(2.5)(0.3)
Tax credit0.1 0.1 0.1 0.1 
Net loss$(2.4)$(0.1)$(2.4)$(0.2)
The associated assets and liabilities relating to Superform U.S. that are classified as held-for-sale were as follows:
Held-for-sale assets June 29,December 31,
In millions20252024
Inventory$3.5 $4.0 
Prepayments and accrued income0.4 0.4 
Accounts and other receivables3.1 1.8 
Current assets7.0 6.2 
Right-of-use-assets— 1.5 
Non-current assets$— $1.5 
Total assets$7.0 $7.7 
Accounts payable$1.2 $0.8 
Accrued liabilities— 0.4 
Other current liabilities2.0 2.4 
Current liabilities$3.2 $3.6 
Total liabilities$3.2 $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 June 29,December 31,
In millions20252024
Inventory$11.5 $11.3 
Prepayments and accrued income1.3 1.6 
Accounts and other receivables6.9 5.5 
Current assets$19.7 $18.4 
Property, plant and equipment$0.5 $0.3 
Right-of-use-assets2.4 3.8 
Non-current assets$2.9 $4.1 
Total held-for-sale assets$22.6 $22.5 
Held-for-sale liabilities
Accounts payable$3.5 $1.4 
Accrued liabilities4.4 3.3 
Other current liabilities7.5 8.1 
Held-for-sale liabilities$15.4 $12.8