Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 19

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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Reclassification to accounts receivable, billed to customers(10.0)(13.8)Ending balance (1)$7.4 $7.5 _______________(1) Included within "Prepaid and other current assets" on the condensed consolidated balance sheets.

9

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsSeptember 30, 2025(Unaudited)

Note 4: Fair Value Measurements

Recurring Fair Value MeasurementsThe following information is presented for assets and liabilities that are recorded on the condensed consolidated balance sheets at fair value measured on a recurring basis. There were no transfers of assets and liabilities that were recorded at fair value between the three-level fair value hierarchy during the periods reported.In millionsLevel 1(1)Level 2(2)Level 3(3)TotalSeptember 30, 2025Assets:Deferred compensation plan investments (4)$3.9 $— $— $3.9 Total assets$3.9 $— $— $3.9 Liabilities:Deferred compensation arrangement (4)$17.2 $— $— $17.2 Total liabilities$17.2 $— $— $17.2 In millionsLevel 1(1)Level 2(2)Level 3(3)TotalDecember 31, 2024Assets:Deferred compensation plan investments (4)$3.7 $— $— $3.7 Total assets$3.7 $— $— $3.7 Liabilities:Deferred compensation arrangement (4)$15.9 $— $— $15.9 Total liabilities$15.9 $— $— $15.9 _______________(1) Quoted prices in active markets for identical assets.(2) Quoted prices for similar assets and liabilities in active markets.(3) Significant unobservable inputs.(4) Consists of a deferred compensation arrangement through which we hold various investment securities recognized on our condensed consolidated balance sheets. Both the asset and liability related to investment securities are recorded at fair value and are included within "Other assets" and "Other liabilities" on the condensed consolidated balance sheets, respectively. In addition to the investment securities, we also had company-owned life insurance related to the deferred compensation arrangement recorded at cash surrender value in "Other assets" of $17.9 million and $16.5 million at September 30