Company: NPO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001164863-25-000009
Chunk: 356

Company: Enpro Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 356
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0 2.9 Environmental reserve adjustments5.7 2.9 5.1 Costs associated with previously disposed businesses1.4 1.7 0.3 Net loss on sale of businesses— — 0.6 Acquisition and divestiture expense4.3 1.1 1.2 Pension expense (income) (non-service cost)0.1 1.5 (3.6)Non-controlling interest compensation allocations — (0.3)(0.6)Asbestos receivable adjustment(0.6)— 2.8 Amortization of the fair value adjustment to acquisition date inventory1.7 — 13.3 Tax indemnification asset 1— — 0.9 Goodwill impairment— 60.8 65.2 Foreign exchange losses related to the divestiture of a discontinued operation21.8 2.2 3.8 Long-term promissory note reserve34.5 — — Other0.5 0.8 0.2 Adjusted EBITDA$254.8 $238.0 $257.4 

1In connection with the acquisition of Aseptic in 2019, we recognized a liability for uncertain tax positions and a related indemnification asset for the portion of that liability recoverable from the seller. We determined the statute of limitations expired on some of the uncertain tax positions in 2022 and, accordingly, removed a portion of the liability and receivable. The release of the related liability was recorded as part of our tax expense for the year ended December 31, 2022 and the reversal of the related receivable was recorded as an expense in other non-operating income (expense) on our consolidated statement of operations. 

2In connection with the sale of GGB, accounted for as a discontinued operation, in the fourth quarter of 2022, we issued an intercompany note between  a domestic and foreign entity that is denominated in a foreign currency. As a result of this note, we have recorded losses due to the changes in the foreign exchange rate. The outstanding note is hedged in order to minimize related gains or losses. 

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3We received a long-term promissory note in connection to the sale of a divested business. As part of our regular review of the note, in the first quarter of 2024 we concluded a reserve was needed for