Fair value measurements (Tables)

6 Months Ended

Jun. 30, 2017

There were no non-recurring fair value measurements in the Condensed Consolidated Balance Sheets as of June 30, 2017 or December 31, 2016.



In millions	Level 1⁽¹⁾		Level 2⁽²⁾		Level 3⁽³⁾		Total
June 30, 2017
Assets:
Equity investments ⁽⁴⁾	$	2.2	$	—	$	—	$	2.2
Liabilities:
Deferred compensation arrangement ⁽⁵⁾	1.5		—		—		1.5
Separation-related Reimbursement Awards ⁽⁶⁾	0.9		—		—		0.9
Total liabilities	$	2.4	$	—	$	—	$	2.4
December 31, 2016
Liabilities:
Deferred compensation arrangement ⁽⁵⁾	$	0.7	$	—	$	—	$	0.7
Separation-related Reimbursement Awards ⁽⁶⁾	2.1		—		—		2.1
Total liabilities	$	2.8	$	—	$	—	$	2.8

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(1)	Quoted prices in active markets for identical assets.


(2)	Quoted prices for similar assets and liabilities in active markets.


(3)	Significant unobservable inputs.


(4)	Included within "Prepaid and other current assets" on the Condensed Consolidated Balance Sheet.


(5)	Included within "Other liabilities" on the Condensed Consolidated Balance Sheet.

(6)

Included within "Accrued expenses" on the Condensed Consolidated Balance Sheet. This amount represents an amount due to WestRock associated with WestRock equity awards held by Ingevity employees post Separation. In accordance with the Employee Matters Agreement between Ingevity and WestRock entered into in connection with the Separation, we are required to reimburse WestRock the fair market value of awards on the day Ingevity employees exercise their awards. The expense recognized during the three and six months ended June 30, 2017 was $0.1 million and $0.3 million, respectively.