Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 50

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 profit11.0 (1.7)22.5 (12.1)Selling, general, and administrative expenses0.9 0.8 2.7 7.8 Research and technical expenses0.6 0.5 2.1 2.8 Restructuring and other (income) charges, net8.8 83.6 33.9 154.5 Goodwill impairment charge— — — 42.5 Other (income) expense, net(1.0)105.3 (0.9)160.1 Income (loss) from discontinued operations before income taxes1.7 (191.9)(15.3)(379.8)Provision (benefit) for income taxes on discontinued operations(1.0)(37.2)(4.3)(73.9)Income (loss) from discontinued operations, net of income taxes$2.7 $(154.7)$(11.0)$(305.9)

31

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

The following table presents the major classes of assets and liabilities which represent those related to our industrial specialties product line, classified as held for sale and presented as discontinued operations:In millionsSeptember 30, 2025December 31, 2024Assets(Unaudited)(Unaudited)Accounts receivable, net$9.8 $9.3 Inventories, net (1)21.4 46.1 Prepaid and other current assets— 6.2 Current assets of discontinued operations$31.2 $61.6 Property, plant, and equipment, net14.1 14.8 Operating lease assets, net10.2 13.5 Noncurrent assets of discontinued operations$24.3 $28.3 Total Assets of discontinued operations$55.5 $89.9 LiabilitiesAccrued payroll and employee benefits$0.4 $0.4 Current operating lease liabilities4.2 4.6 Current liabilities of discontinued operations$4.6 $5.0 Noncurrent operating lease liabilities6.8 9.8 Noncurrent liabilities of discontinued operations$6.8 $9.8 Total Liabilities of discontinued operations$11.4 $14.8 _______________