Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 1216

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 1216
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.1 In millionsDecember 31, 2023Level 1Level 2Level 3Investments Measured at Net Asset ValueCash and short-term investments$0.2 $0.2 $— $— $— Mutual funds7.9 7.9 — — — Pooled funds16.6 — — — 16.6 Other1.9 — 1.9 — — Total assets$26.6 $8.1 $1.9 $— $16.6 Estimated Future Benefit PaymentsThe following table reflects the estimated future benefit payments for our pension and other postretirement benefit plans. These estimates take into consideration expected future service, as appropriate.In millionsPensionsOther Benefits2025$1.3 $0.1 20261.4 0.1 20271.6 0.1 20281.8 0.1 20291.9 0.1 2030-203411.6 0.3 Sensitivity AnalysisA one-half percent increase in the assumed discount rate would have decreased our qualified pension benefit obligations by $1.9 million at December 31, 2024 and decreased our qualified pension benefit costs by $0.1 million for 2024. A one-half percent decrease in the assumed discount rate would have increased our qualified pension obligations by $2.1 million at December 31, 2024 and increased our qualified pension benefit cost by $0.1 million for 2024.A one-half percent increase in the assumed expected long-term rate of return on plan assets would have decreased our qualified pension costs by $0.1 million for 2024. A one-half percent decrease in the assumed expected long-term rate of return on plan assets would have increased our qualified pension costs by $0.1 million for 2024.

89

IndexIngevity CorporationNotes to the Consolidated Financial StatementsDecember 31, 2024

Note 15: Restructuring and Other (Income) Charges, net

Detail on the restructuring charges and other (income) charges, net is provided below.Years Ended December 31,In millions202420232022Restructuring charges$175.0 $125.6 $—   Other (income) charges, net11.2 44.6