Company: IR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047838
Chunk: 128

Company: Ingersoll Rand Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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7 million for the nine month periods then ended, respectively. The operating income of these acquired businesses includes the effects of acquisition-related accounting adjustments such as amortization of intangible assets and fair value adjustments to acquired inventory and excludes the non-cash impairment charges discussed in Note 6 “Goodwill and Other Intangible Assets.”

Note 3. Restructuring

2025 and 2024 ActionsThe Company continues to undertake restructuring actions to optimize our cost structure. Charges incurred from actions taken in 2025 and 2024 include workforce restructuring, facility consolidation and other exit and disposal costs. For the three and nine month periods ended September 30, 2025 and 2024, “Restructuring charges, net” were recognized within “Other operating expense, net” in the Condensed Consolidated Statements of Operations and consisted of the following.For the Three Month Period Ended September 30,For the Nine Month Period Ended September 30,2025202420252024Industrial Technologies and Services$13.9 $6.2 $19.7 $14.4 Precision and Science Technologies5.7 3.2 8.0 8.2 Corporate0.2 0.2 0.6 0.6 Restructuring charges, net$19.8 $9.6 $28.3 $23.2 

15

The following table summarizes the activity associated with the Company’s restructuring programs for the three and nine month periods ended September 30, 2025 and 2024.For the Three Month Period Ended September 30,For the Nine Month Period Ended September 30,2025202420252024Balance at beginning of period$16.0 $15.6 $22.3 $15.5 Charged to expense - termination benefits19.0 6.9 26.4 19.6 Charged to expense - other (1)0.8 1.1 1.9 2.0 Payments(12.4)(3.9)(28.9)(17.1)Currency translation adjustment and other— 0.7 1.7 0.4 Balance at end of period$23.4 $20.4 $23.4 $20.4 (1)Excludes $1.6 million of non-cash charges that impacted restructuring expense but not the restructuring liabilities during the three and nine month periods ended