Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 87

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 Level 2 inputs.(3) At September 30, 2025 and December 31, 2024, the fair value of our $80.0 million finance lease obligation associated with our Performance Materials' Wickliffe, Kentucky manufacturing site was $81.9 million and $82.2 million, respectively, based on Level 2 inputs. The fair value of all other finance lease obligations approximates their carrying values.

Note 5: Inventories, netIn millionsSeptember 30, 2025December 31, 2024Raw materials$46.7 $43.4 Production materials, stores, and supplies27.0 25.0 Finished and in-process goods147.4 148.1 Subtotal$221.1 $216.5 Less: LIFO reserve (27.4)(35.7)Inventories, net$193.7 $180.8 

Note 6: Property, Plant, and Equipment, netIn millionsSeptember 30, 2025December 31, 2024Machinery and equipment$1,326.3 $1,255.4 Buildings and leasehold improvements233.7 224.1 Land and land improvements26.4 26.2 Construction in progress24.2 68.7 Total cost$1,610.6 $1,574.4 Less: accumulated depreciation(980.9)(930.3)Property, plant, and equipment, net$629.7 $644.1 

12

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

Note 7: Goodwill and Other Intangible Assets, net

GoodwillReporting UnitsIn millionsPerformance MaterialsPerformance ChemicalsAdvanced Polymer TechnologiesTotalBalance as of December 31, 2024 (1)$4.3 $— $170.9 $175.2 Foreign currency translation— — 12.9 12.9 Goodwill impairment charge— — (183.8)(183.8)Balance as of September 30, 2025$4.3 $— $— $4.3 _______________(1) Includes accumulated impairment losses of $306.6 million related to the Performance Chemicals reportable segment.Goodwill Impairment Charge - Advanced Polymer TechnologiesDuring the second quarter of 2025, the