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

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
$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 $23.0 $22.7 Based on the current carrying values of intangible assets, estimated pre-tax amortization expense for the next five years is as follows: $7.4 million for the remainder of 2025, 2026 - $29.7 million, 2027 - $29.7 million, 2028 - $29.7 million, and 2029 - $29.7 million. The estimated pre-tax amortization expense may fluctuate due to changes in foreign currency exchange rates.

Note 8: Financial Instruments and Risk Management

Cash Flow HedgesForeign Currency Exchange Risk ManagementAs of September 30, 2025, there were $1.8 million open foreign currency derivative contracts. The fair value of the designated foreign currency hedge contracts was a net asset (liability) of $(0.1) million and $0.1 million at September 30, 2025 and December 31, 2024, respectively.

14

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

Commodity Price Risk ManagementAs of September 30, 2025, we had 1.5 million mmBTUS (millions of British Thermal Units) in open natural gas derivative contracts, designated as cash flow hedges. As of September 30, 2025, open natural gas derivative contracts hedge a portion of forecasted transactions until September 2026. The fair value of the open natural gas derivative contracts was a net asset (liability) of