Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 115

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 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 _______________(1) Reported net of LIFO Reserve of $7.8 million and $46.3 million for the periods ending September 30, 2025 and December 31, 2024, respectively.The cash flows related to the discontinued operations have not been segregated and are included in the Condensed Consolidated Statements of Cash Flows. The following table presents significant cash flow and non-cash information for the Discontinued Operations:

32

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

Nine Months Ended September 30,In millions20252024Cash provided by (used in) operating activities:Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:Depreciation and amortization$1.1 $8.1 Restructuring and other (income) charges, net33.9 154.