Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 89

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 charge on the condensed consolidated statements of operations for the nine months ended September 30, 2024. Specific to our long-lived assets, we determined that the undiscounted cash flows were in excess of the carrying values and therefore concluded that no impairment existed. 

13

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

Other Intangible AssetsIn millionsCustomer contracts and relationshipsBrands (1)Developed TechnologyTotalGross Asset ValueDecember 31, 2024$264.9 $91.4 $88.7 $445.0 Retirements— — (1.8)(1.8)Foreign currency translation11.4 4.9 4.6 20.9 September 30, 2025$276.3 $96.3 $91.5 $464.1 Accumulated AmortizationDecember 31, 2024$(88.4)$(35.4)$(42.4)$(166.2)Amortization(11.6)(4.2)(7.2)(23.0)Retirements— — 0.9 0.9 Foreign currency translation(4.0)(1.7)(2.5)(8.2)September 30, 2025$(104.0)$(41.3)$(51.2)$(196.5)Other intangibles, net$172.3 $55.0 $40.3 $267.6 _______________(1) Represents trademarks, trade names, and know-how.Intangible assets subject to amortization were attributed to our business segments as follows:In millionsSeptember 30, 2025December 31, 2024Performance Materials$1.0 $1.2 Performance Chemicals94.3 102.5 Advanced Polymer Technologies172.3 175.1 Other intangibles, net$267.6 $278.8 The amortization expense related to our intangible assets in the table above is shown in the table below. Three Months Ended September 30,Nine Months Ended September 30,In millions2025202420252024Selling, general, and administrative expenses$7.8 $7.7 $23.0 $22.7 Total amortization expense$7.8 $7.7