SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Enpro Industries, Inc. – ‘10-Q’ for 9/30/22 – ‘EX-18’

On:  Monday, 11/7/22, at 11:01am ET   ·   For:  9/30/22   ·   Accession #:  1164863-22-47   ·   File #:  1-31225

Previous ‘10-Q’:  ‘10-Q’ on 8/2/22 for 6/30/22   ·   Next:  ‘10-Q’ on 5/2/23 for 3/31/23   ·   Latest:  ‘10-Q’ on 5/8/24 for 3/31/24   ·   4 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

11/07/22  Enpro Industries, Inc.            10-Q        9/30/22   82:10M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.17M 
 2: EX-18       Letter re: a Change in Accounting Principles or     HTML     24K 
                Practices                                                        
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 5: EX-32       Certification -- §906 - SOA'02                      HTML     24K 
11: R1          Cover Page                                          HTML     76K 
12: R2          Consolidated Statements of Operations (Unaudited)   HTML    166K 
13: R3          Consolidated Statements of Cash Flows (Unaudited)   HTML    122K 
14: R4          Consolidated Balance Sheets (Unaudited)             HTML    133K 
15: R5          Consolidated Balance Sheets (Unaudited)             HTML     31K 
                (Parenthetical)                                                  
16: R6          Overview and Basis of Presentation                  HTML     94K 
17: R7          Discontinued Operations                             HTML     71K 
18: R8          Acquisition                                         HTML     36K 
19: R9          Income Taxes                                        HTML     29K 
20: R10         Earnings Per Share                                  HTML     62K 
21: R11         Inventories                                         HTML     31K 
22: R12         Goodwill and Other Intangible Assets                HTML     55K 
23: R13         Accrued Expenses                                    HTML     34K 
24: R14         Long-Term Debt                                      HTML     33K 
25: R15         Pensions and Postretirement Benefits                HTML     58K 
26: R16         Shareholders' Equity                                HTML    180K 
27: R17         Business Segment Information                        HTML    163K 
28: R18         Derivatives and Hedging                             HTML     29K 
29: R19         Fair Value Measurements                             HTML     41K 
30: R20         Accumulated Other Comprehensive Income (Loss)       HTML    106K 
31: R21         Commitments and Contingencies                       HTML     49K 
32: R22         Overview and Basis of Presentation (Policies)       HTML     32K 
33: R23         Overview and Basis of Presentation (Tables)         HTML     87K 
34: R24         Discontinued Operations (Tables)                    HTML     70K 
35: R25         Acquisition (Tables)                                HTML     33K 
36: R26         Earnings Per Share (Tables)                         HTML     62K 
37: R27         Inventories (Tables)                                HTML     32K 
38: R28         Goodwill and Other Intangible Assets (Tables)       HTML     82K 
39: R29         Accrued Expenses (Tables)                           HTML     34K 
40: R30         Pensions and Postretirement Benefits (Tables)       HTML     54K 
41: R31         Shareholders' Equity (Tables)                       HTML    174K 
42: R32         Business Segment Information (Tables)               HTML    156K 
43: R33         Fair Value Measurements (Tables)                    HTML     42K 
44: R34         Accumulated Other Comprehensive Income (Loss)       HTML    108K 
                (Tables)                                                         
45: R35         Commitments and Contingencies (Tables)              HTML     31K 
46: R36         Overview and Basis of Presentation - Narratives     HTML     60K 
                (Details)                                                        
47: R37         Overview and Basis of Presentation - Consolidate    HTML     90K 
                Statement of Operation (Details)                                 
48: R38         Overview and Basis of Presentation - Consolidate    HTML     88K 
                Statement of Balance sheet (Details)                             
49: R39         Overview and Basis of Presentation - Consolidate    HTML     48K 
                Statement of Cashflow Statement (Details)                        
50: R40         Discontinued Operations- Results of Operations      HTML     56K 
                (Details)                                                        
51: R41         Discontinued Operations - Classes of Assets and     HTML     66K 
                Liabilities (Details)                                            
52: R42         Discontinued Operations - Additional Information    HTML     69K 
                (Details)                                                        
53: R43         Acquisition - Proforma Results (Details)            HTML     27K 
54: R44         Acquisition - Additional Information (Details)      HTML     31K 
55: R45         Income Taxes (Details)                              HTML     24K 
56: R46         Earnings Per Share - Schedule of Computation of     HTML    100K 
                Basic and Diluted Earnings Per Share (Details)                   
57: R47         Inventories - Schedule of Inventories (Details)     HTML     31K 
58: R48         Goodwill and Other Intangible Assets - Schedule of  HTML     39K 
                Changes in Net Carrying Value of Goodwill by                     
                Reportable Segment (Details)                                     
59: R49         Goodwill and Other Intangible Assets - Additional   HTML     31K 
                Information (Details)                                            
60: R50         Goodwill and Other Intangible Assets - Schedule of  HTML     45K 
                Identifiable Intangible Assets (Details)                         
61: R51         Accrued Expenses - Schedule of Accrued Expenses     HTML     41K 
                (Details)                                                        
62: R52         Long-Term Debt (Details)                            HTML     93K 
63: R53         Pensions and Postretirement Benefits - Schedule of  HTML     54K 
                Net Periodic Benefit Cost (Details)                              
64: R54         Shareholders' Equity - Changes in Shareholders'     HTML     96K 
                Equity (Details)                                                 
65: R55         Shareholders' Equity - Additional Information       HTML     50K 
                (Details)                                                        
66: R56         Shareholders' Equity - Schedule of Assumptions      HTML     33K 
                Used (Details)                                                   
67: R57         Business Segment Information - Additional           HTML     34K 
                Information (Details)                                            
68: R58         Business Segment Information - Schedule of Segment  HTML     72K 
                Operating Results and Other Financial Data                       
                (Details)                                                        
69: R59         Business Segment Information - Schedule of Assets   HTML     41K 
                and Long Lived Assets Segment (Details)                          
70: R60         Business Segment Information - Revenue by End       HTML     80K 
                Market (Details)                                                 
71: R61         Derivatives and Hedging (Details)                   HTML     46K 
72: R62         Fair Value Measurements - Assets and Liabilities    HTML     32K 
                Measured at Fair Value on Recurring Basis                        
                (Details)                                                        
73: R63         Fair Value Measurements - Schedule of Carrying      HTML     28K 
                Value of Financial Instruments (Details)                         
74: R64         Accumulated Other Comprehensive Income (Loss) -     HTML     66K 
                Summary of Changes in Accumulated Other                          
                Comprehensive Income by Component (Details)                      
75: R65         Accumulated Other Comprehensive Income (Loss) -     HTML     53K 
                Summary of Reclassifications Out of Accumulated                  
                Other Comprehensive Income (Details)                             
76: R66         Commitments and Contingencies - Additional          HTML     89K 
                Information (Details)                                            
77: R67         Commitments and Contingencies - Schedule of         HTML     29K 
                Changes in Carrying Amount of Product Warranty                   
                Liability (Details)                                              
80: XML         IDEA XML File -- Filing Summary                      XML    149K 
78: XML         XBRL Instance -- npo-20220930_htm                    XML   3.16M 
79: EXCEL       IDEA Workbook of Financial Reports                  XLSX    150K 
 7: EX-101.CAL  XBRL Calculations -- npo-20220930_cal                XML    227K 
 8: EX-101.DEF  XBRL Definitions -- npo-20220930_def                 XML    603K 
 9: EX-101.LAB  XBRL Labels -- npo-20220930_lab                      XML   1.55M 
10: EX-101.PRE  XBRL Presentations -- npo-20220930_pre               XML    959K 
 6: EX-101.SCH  XBRL Schema -- npo-20220930                          XSD    151K 
81: JSON        XBRL Instance as JSON Data -- MetaLinks              445±   662K 
82: ZIP         XBRL Zipped Folder -- 0001164863-22-000047-xbrl      Zip    434K

‘EX-18’   —   Letter re: a Change in Accounting Principles or Practices

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Document  
        
Exhibit 18


November 7, 2022 


Board of Directors 
EnPro Industries, Inc.  
5605 Carnegie Boulevard, Suite 500  
Charlotte, North Carolina 28209  

Dear Directors: 

We are providing this letter to you for inclusion as an exhibit to EnPro Industries, Inc.’s (the “Company”) Quarterly Report on Form 10-Q for the period ended September 30, 2022 (the “Form 10-Q”) pursuant to Item 601 of Regulation S-K. 

We have been provided a copy of the Company’s Form 10-Q. Note 1 therein describes a change in accounting principle for certain inventories from the last-in, first-out (LIFO) method of inventory costing to the first-in, first-out (FIFO) method of inventory costing.  It should be understood that the preferability of one acceptable method of accounting over another for determining the cost of inventory has not been addressed in any authoritative accounting literature, and in expressing our concurrence below we have relied on management’s determination that this change in accounting principle is preferable.  Based on our reading of management’s stated reasons and justification for this change in accounting principle in the Form 10-Q, and our discussions with management as to their judgment about the relevant business planning factors relating to the change, we concur with management that such change represents, in the Company’s circumstances, a change to a preferable accounting principle in conformity with Accounting Standards Codification 250, Accounting Changes and Error Corrections. 

We have not audited any financial statements of the Company as of any date or for any period subsequent to December 31, 2021.  Accordingly, our comments are subject to change upon completion of an audit of the financial statements covering the period of the accounting change. 

Very truly yours, 

/s/ PricewaterhouseCoopers LLP

Charlotte, North Carolina  


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/7/22
For Period end:9/30/224
12/31/2110-K,  11-K,  4,  SD
 List all Filings 

4 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/06/22  Enpro Industries, Inc.            8-K:1,5,7,9 9/05/22   15:3.9M                                   Broadridge Fin’l So… Inc
 3/01/22  Enpro Industries, Inc.            10-K       12/31/21  142:18M
11/05/21  Enpro Industries, Inc.            8-K:1,7,9  11/04/21   13:5.2M                                   Broadridge Fin’l So… Inc
10/12/21  Enpro Industries, Inc.            8-K:1,7,9  10/12/21   13:1.3M                                   Broadridge Fin’l So… Inc
↑Top
Filing Submission 0001164863-22-000047   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Wed., May 15, 10:03:58.1am ET