Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 229

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 229
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 taxes195.9 177.5 Adjusted tax expense(49.0)(44.4)Income from redeemable non-controlling interest, net of taxes— 3.9 Adjusted income from continuing operations attributable to Enpro Inc.$146.9 21.1$6.96 4$137.0 21.0$6.54 4

37

Year Ended December 31,2022(In Millions Except Per Share Amounts)$Average common shares outstanding, diluted Per ShareIncome from continuing operations attributable to Enpro Inc.$6.7 20.9$0.32 Net income attributable to redeemable non-controlling interests(2.8)Income tax expense24.4 Income from continuing operations before income taxes28.3 Adjustments from selling, general, and administrative:Acquisition and divestiture expenses1.2 Non-controlling interest compensation allocation(0.7)Amortization of acquisition-related intangible assets74.8 Adjustments from other operating expense and cost of sales:Amortization of the fair value adjustment to acquisition inventory13.1 Restructuring and impairment costs2.9 Adjustments from other non-operating expenseAsbestos receivable adjustment2.8 Environmental reserve adjustments5.1 Costs associated with previously disposed businesses0.3 Net loss on sale of businesses0.6 Pension income (non-service cost)(3.6)Tax indemnification asset 10.9 Goodwill impairment60.6 Foreign exchange losses related to the divestiture of a discontinued operation23.8 Other adjustmentsOther0.2 Adjusted income from continuing operations before income taxes190.3 Adjusted tax expense(51.3)Income from redeemable non-controlling interest, net of taxes2.8 Adjusted income from continuing operations attributable to Enpro Inc.$141.8 20.96.794

Adjustments in the tables above only reflect amounts attributable to Enpro Inc. 

1In connection with the acquisition of Aseptic in 2019, we recognized a liability for uncertain tax positions and a related indemnification asset for the portion of that liability recoverable from the seller. We determined the statute of limitations expired on some of the uncertain tax positions in 2022 and, accordingly, removed a portion of the liability and receivable. The release of the related liability was recorded as part of our tax expense for the year ended December 31, 2022 and the reversal of