Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 88

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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.8)Cost of salesInterest rate swap contracts— — — — Interest expense, netTotal$(1.8)$0.1 $(0.1)$(0.8)In millionsAmount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI into Net income (loss)Location of Gain (Loss) Reclassified from AOCI in Net income (loss)Six Months Ended June 30,2025202420252024Cash flow hedging derivativesCurrency exchange contracts$(0.5)$0.1 $(0.2)$— Net salesNatural gas contracts(0.4)(0.4)(0.1)(1.5)Cost of salesInterest rate swap contracts(0.8)— — — Interest expense, netTotal$(1.7)$(0.3)$(0.3)$(1.5)Within the next twelve months, we expect to reclassify $0.4 million of net gains from AOCI to income, before taxes.

14

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

Fair Value MeasurementsThe following information is presented for derivative assets and liabilities that are recorded in the condensed consolidated balance sheets at fair value measured on a recurring basis. There were no transfers of assets and liabilities that are recorded at fair value between Level 1 and Level 2 during the periods reported. There were no nonrecurring fair value measurements related to derivative assets and liabilities on the condensed consolidated balance sheets as of June 30, 2025, or December 31, 2024.June 30, 2025In millionsLevel 1(1)Level 2(2)Level 3(3)TotalAssets:Currency exchange contracts (4)$— $0.2 $— $0.2 Total assets$— $0.2 $— $0.2 Liabilities:Natural gas contracts (6)$— $0.5 $— $0.5 Currency exchange contracts (6)— 0.5 — 0.5 Interest rate swap contracts (7)— 0.2 — 0.2 Total liabilities$— $1.2 $— $1.2 December 31, 2024In millionsLevel 1(1)Level 2(2