Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 272

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 272
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 (6.4)State(1.9)1.5 1.3 (18.4)(7.7)(14.0)Total$21.5 $30.8 $24.4 

67

Significant components of deferred income tax assets and liabilities are as follows:As of December 31,20242023 (in millions)Deferred income tax assets:Net operating losses and tax credits$6.0 $4.5 Environmental reserves10.0 9.5 Accruals and reserves2.4 2.8 Operating leases12.6 11.7 Pension obligations1.7 — Interest5.1 4.5 Compensation and benefits8.6 9.3 Inventories4.8 5.1 Capitalization of research and development expense15.0 9.9 Retained liabilities of previously owned businesses0.7 0.6 Postretirement benefits other than pensions0.3 0.4 Other1.5 — Gross deferred income tax assets68.7 58.3 Valuation allowance(3.7)(2.7)Total deferred income tax assets65.0 55.6 Deferred income tax liabilities:Depreciation and amortization(173.7)(153.3)Operating leases(12.6)(11.7)Cross currency swap(1.9)(0.8)Pension obligations— (2.4)Other— (0.3)Total deferred income tax liabilities(188.2)(168.5)Net deferred income tax liabilities$(123.2)$(112.9)The net deferred income tax liabilities are reflected on a jurisdictional basis as a component of the December 31, 2024 and 2023 Consolidated Balance Sheet line items noted below:As of December 31,20242023 (in millions)Other assets (non-current)$3.7 $7.8 Deferred income taxes(126.9)(120.7)Net deferred income tax liabilities$(123.2)$(112.9)At December 31, 2024, we had $1.1 million of foreign net operating loss carryforwards, of which $0.7 million expire at various dates from 2034 through 2041 if unused, and $0.3 million have an indefinite carryforward period. We had a