Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 1231

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 1231
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 resales, CTO supply contract termination charges, depreciation, and amortization.(3) We regularly perform strategic reviews and assess the return on on our operations, which sometimes results in a plan to restructure the business. These costs are excluded from our reportable segment results. The table below provides an allocation of Restructuring and other income (charges), net between our three reportable segments to provide investors, potential investors, securities analysts and others with the information, should they choose, to apply such (income) charges to each respective reportable segment for which the charges relate.Years Ended December 31,In millions202420232022Performance Materials$0.9 $9.0 $4.8 Performance Chemicals185.1144.5 7.0 Advanced Polymer Technologies (1)0.2 16.7 2.0 Restructuring and other (income) charges, net (2)$186.2 $170.2 $13.8 _________________(1) Included in the charges for the year ended December 31, 2023 was $13.3 million of asset disposal charges associated with Advanced Polymer Technologies polyol production assets located at the DeRidder Plant.(2) Refer to Note 15 for more information. (4) For the year ended December 31, 2024, charges relate to the Performance Chemicals reportable segment. Refer to Note 8 for more information.(5) The table below provides an allocation of Acquisition and other-related income (costs), net between our three reportable segments to provide investors, potential investors, securities analysts and others with the information, should they choose, to apply such (income) charges to each respective reportable segment for which the charges relate. For more detail on these charges see Note 16.Years Ended December 31,In millions202420232022Performance Materials$— $— $0.3 Performance Chemicals0.34.5 5.6 Advanced Polymer Technologies— — — Acquisition and other-related (income) costs, net$0.3 $4.5 $5.9 (6) For the year ended December 31, 2024 and 2023, inventory charges represent lower of cost or market charges associated with the Performance Chemicals’ repositioning and restructuring actions. These charges were not allocated in the measurement of Performance Chemicals reportable segment profitability used by our CODM. Amounts