Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 26

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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.1 Other intangibles, net$279.1 $278.8 The amortization expense related to our intangible assets in the table above is shown in the table below. Three Months Ended June 30,Six Months Ended June 30,In millions2025202420252024Selling, general, and administrative expenses$7.7 $7.5 $15.2 $17.0 Restructuring and other (income) charges, net (1)— — — 22.1 Total amortization expense$7.7 $7.5 $15.2 $39.1 _______________(1) Amounts recorded to Restructuring and other (income) charges, net are not included within segment depreciation and amortization.Based on the current carrying values of intangible assets, estimated pre-tax amortization expense for the next five years is as follows: $15.0 million for the remainder of 2025, 2026 - $29.5 million, 2027 - $29.5 million, 2028 - $29.5 million, and 2029 - $29.5 million. The estimated pre-tax amortization expense may fluctuate due to changes in foreign currency exchange rates.

Note 8: Financial Instruments and Risk Management

Cash Flow HedgesForeign Currency Exchange Risk ManagementAs of June 30, 2025, there were $4.3 million open foreign currency derivative contracts. The fair value of the designated foreign currency hedge contracts was a net asset (liability) of $(0.3) million and $0.1 million at June 30, 2025 and December 31, 2024, respectively.

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

Commodity Price Risk ManagementAs of June 30, 2025, we had 1.8 million mmBTUS (millions of British Thermal Units) in open natural gas derivative contracts, designated as cash flow hedges. As of June 30, 2025, open natural gas derivative contracts hedge a portion of forecasted transactions until September 2026. The fair value of the open natural gas derivative contracts was a net asset (liability) of $(0.5) million and $0.3 million as of June 30, 2025 and December 31, 2024, respectively.Interest Rate