Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 1212

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 1212
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.80 %— %— %Discount rate - non-qualified benefit plans5.45 %4.80 %5.35 %4.70 %Rate of compensation increaseN/AN/AN/AN/AChange in projected benefit obligationProjected benefit obligation at January 1$35.5 $32.8 $0.7 $0.7 Service cost1.2 1.1 — — Interest cost1.7 1.6 — — Actuarial loss (gain)(3.4)1.0 — 0.1 Plan amendments— 0.3 — — Benefit payments(1.5)(1.3)— (0.1)Projected benefit obligation at December 31 (1)33.5 35.5 0.7 0.7 Change in plan assetsFair value of plan asset at January 126.6 23.1 — — Actual return on plan assets0.6 2.6 — — Company contributions0.3 2.2 — — Benefit payments(1.5)(1.3)— — Fair value of plan assets at December 3126.0 26.6 — — Funded StatusNet Funded Status of the Plan (Liability)$(7.5)$(8.9)$(0.7)$(0.7)PensionsOther BenefitsDecember 31,In millions2024202320242023Amount recognized on the consolidated balance sheets:Pension and other postretirement benefit asset (2)$— $— $— $— Pension and other postretirement benefit (liability) (2)(7.5)(8.9)(0.7)(0.7)Total Net Funded Status of the Plan (Liability)$(7.5)$(8.9)$(0.7)$(0.7)_______________(1) The accumulated benefit obligation for all years presented equals the projected benefit obligation for each plan, respectively. (2) Asset balance is included within "Other assets" and liability balances are included within "Other liabilities" on the consolidated balance sheets. 

86

IndexIngevity CorporationNotes to the Consolidated Financial StatementsDecember 31, 2024

Amounts Recognized in Other Comprehensive Income (Loss)Changes in plan assets