Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 1096

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 1096
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 10 for more information), during the second quarter of 2022, we terminated these interest rate swap instruments. Upon termination of the interest rate swap instruments, we reclassified a $1.7 million gain from AOCI into Interest income on the consolidated statement of operations. Effect of Cash Flow and Net Investment Hedge Accounting on AOCIIn millionsAmount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Reclassified from AOCI into Net incomeLocation of Gain (Loss) Reclassified from AOCI into Net incomeYears Ended December 31, 202420232022202420232022Cash flow hedging derivativesCurrency exchange contracts$0.2 $(0.1)$0.9 $0.1 $(0.7)$2.0 Net salesNatural gas contracts(0.4)(4.1)4.4 (2.5)(3.2)6.5 Cost of salesInterest rate swap contracts0.6 — 5.8 — — 1.7 Interest incomeTotal$0.4 $(4.2)$11.1 $(2.4)$(3.9)$10.2 Amount of Gain (Loss) Recognized in AOCIAmount of Gain (Loss) Recognized in Income on Derivative(Amount Excluded from Effectiveness Testing)Location of Gain or (Loss) Recognized in Income on Derivative(Amount Excluded from Effectiveness Testing)Years Ended December 31,202420232022202420232022Net investment hedging derivativeCurrency exchange contracts (1)$— $— $13.9 $— $— $1.1 Interest incomeTotal$— $— $13.9 $— $— $1.1 _______________(1) Reclassifications from AOCI to Net Income were zero for all periods presented. Gains and losses would be reclassified from AOCI to Other (income) expense, net. 

74

IndexIngevity CorporationNotes to the Consolidated Financial StatementsDecember 31, 2024

Within the next twelve months, we expect to reclassify $0.2 million of losses from AOCI to earnings before taxes.Fair-Value MeasurementsThe following information is presented for derivative assets and liabilities that are recorded on the consolidated balance sheets at fair value measured on a recurring basis. There were no transfers of assets and liabilities that were recorded at