Company: NGVT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001653477-25-000091
Chunk: 22

Company: Ingevity Corp
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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.3 $— $176.4 $180.7 There were no events or circumstances indicating that goodwill might be impaired as of March 31, 2025.Other Intangible AssetsIn millionsCustomer contracts and relationshipsBrands (1)Developed TechnologyTotalGross Asset ValueDecember 31, 2024$264.9 $91.4 $88.7 $445.0 Foreign currency translation4.9 2.1 2.1 9.1 March 31, 2025$269.8 $93.5 $90.8 $454.1 Accumulated AmortizationDecember 31, 2024$(88.4)$(35.4)$(42.4)$(166.2)Amortization (2)(3.7)(1.4)(2.4)(7.5)Foreign currency translation(1.8)(0.7)(1.1)(3.6)March 31, 2025$(93.9)$(37.5)$(45.9)$(177.3)Other intangibles, net$175.9 $56.0 $44.9 $276.8 _______________(1) Represents trademarks, trade names, and know-how.(2) As a result of the Performance Chemicals repositioning, as further described in Note 11, we accelerated the amortization of certain customer contract and relationship finite-lived intangible assets. This resulted in zero and $22.1 million of additional expense for the three months ended March 31, 2025 and 2024, respectively, which is included in "Restructuring and other (income) charges, net" within the condensed consolidated statements of operations.Intangible assets subject to amortization were attributed to our business segments as follows:In millionsMarch 31, 2025December 31, 2024Performance Materials$1.2 $1.2 Performance Chemicals99.7 102.5 Advanced Polymer Technologies175.9 175.1 Other intangibles, net$276.8 $278.8 

12

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsMarch 31, 2025(Unaudited)

The amortization expense related to our intangible assets in the table above is shown in the table below. Three Months Ended March 31,In millions202