Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 270

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 270
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8 million, respectively, of restructuring costs related to the reorganization of sites and functions, primarily in the United States and $3.4 million, $0.7 million, and $1.2 million, respectively, of non-cash impairment charges of long-lived assets.

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Restructuring and impairment costs by reportable segment are as follows: Years Ended December 31, 202420232022 (in millions)Sealing Technologies$2.3 $3.0 $0.7 Advanced Surface Technologies3.5 0.9 1.3 Corporate0.4 1.1 1.0 $6.2 $5.0 $3.0 Also included in other operating expense for the year ended December 31, 2022 was $0.1 million of other costs.Non-OperatingDuring 2024, 2023 and 2022, we recorded expense of $5.7 million, $2.9 million and $5.1 million, respectively, due to net environmental reserve increases based on additional information at several specific sites and other ongoing obligations of previously owned businesses. Refer to Note 19, "Commitments and Contingencies - Environmental," for additional information about our environmental liabilities.We report the service cost component of pension and other postretirement benefits expense in operating income in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are presented in other income (expense). For the years ended December 31, 2024, 2023, 2022, we reported approximately $0.2 million and $1.5 million of expense and $3.6 million of  income, respectively, in the Consolidated Statements of Operations related to the components of net benefit cost other than service cost.  Refer to Note 14, "Pension," for additional information regarding net benefit costs.In connection with the sale of a discontinued operation, in the fourth quarter of 2022 we issued an intercompany note between a domestic and foreign entity that is denominated in a foreign currency. Due to the change in the exchange rate, we recorded a $3.8 million loss in December 2022. In January 2023, we hedged the outstanding intercompany note to minimize future gains and losses. We recorded losses of $1.8 million and $2.2 million due to