Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 1229

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 1229
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 ("CODM"), the Interim CEO and President of Ingevity, to evaluate the performance of and allocate resources among our operating segments. The CODM utilizes Segment EBITDA for each operating segment in the annual budgeting and forecasting process. Segment EBITDA enables the CODM to compare each business and make informed and consistent resource allocation decisions. Years Ended December 31,In millions202420232022Segment EBITDA (1)(2)Performance Materials$319.1 $286.6 $252.2 Performance Chemicals14.7 65.7 160.4 Advanced Polymer Technologies35.2 44.5 40.0 Total Segment EBITDA (1)(2)$369.0 $396.8 $452.6 Interest expense(97.8)(93.3)(61.8)Interest income7.7 6.3 7.5 (Provision) benefit for income taxes105.3 4.7 (58.0)Depreciation and amortization(108.3)(122.8)(108.8)Restructuring and other income (charges), net (3)(186.2)(170.2)(13.8)Goodwill impairment charge (4)(349.1)— — Acquisition and other-related income (costs), net (5)(0.3)(4.5)(5.9)Inventory charges (6)(6.3)(19.7)— Loss on CTO resales (7)(52.7)(22.0)— CTO supply contract termination charges (7)(100.0)— — Gain (loss) on sale of strategic investment (8)(11.4)19.3 — Pension and postretirement settlement and curtailment income (charges), net (9)(0.2)— (0.2)Net income (loss)$(430.3)$(5.4)$211.6 _______________(1) Segment EBITDA is defined as segment net sales less segment operating expenses (segment operating expenses consist of costs of sales, selling, general and administrative expenses, research and technical expenses, other (income) expense, net, excluding depreciation and amortization). We have excluded the following items from segment EBITDA: interest expense associated with corporate debt facilities, interest income, income taxes, depreciation, amortization, restructuring and other income (charges), net, inventory lower