Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 86

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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.9 $470.5 Accumulated AmortizationDecember 31, 2024$(88.4)$(35.4)$(42.4)$(166.2)Amortization(7.6)(2.8)(4.8)(15.2)Retirements— — 0.9 0.9 Foreign currency translation(5.5)(2.1)(3.3)(10.9)June 30, 2025$(101.5)$(40.3)$(49.6)$(191.4)Other intangibles, net$178.4 $57.4 $43.3 $279.1 _______________(1) Represents trademarks, trade names, and know-how.Intangible assets subject to amortization were attributed to our business segments as follows:In millionsJune 30, 2025December 31, 2024Performance Materials$1.1 $1.2 Performance Chemicals97.0 102.5 Advanced Polymer Technologies181.0 175.1 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