Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 75

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 75
---
4. The excess of the purchase price over the estimated fair values of intangible assets, identifiable assets and assumed liabilities was recorded as goodwill. The allocation of the purchase price was preliminary for certain of these acquisitions and is subject to refinement based on final fair values of the identified assets acquired and liabilities assumed. The goodwill attributable to these businesses is as follows. 2024 AcquisitionsIndustrial Technologies and ServicesPrecision and Science TechnologiesTotalILC Dover$— $1,309.8 $1,309.8 Friulair69.2 — 69.2 APSCO51.6 — 51.6 Other acquisitions143.1 94.5 237.6 $263.9 $1,404.3 $1,668.2 The Company acquired several businesses during the year ended December 31, 2023. The excess of the purchase price over the estimated fair values of intangible assets, identifiable assets and assumed liabilities was recorded as goodwill. The goodwill attributable to these businesses is as follows. 2023 AcquisitionsIndustrial Technologies and ServicesPrecision and Science TechnologiesTotalAir Treatment$279.9 $— $279.9 Roots106.6 — 106.6 Other acquisitions122.6 2.4 125.0 $509.1 $2.4 $511.5 As of December 31, 2024 and 2023, goodwill included a total of $220.6 million of accumulated impairment losses within the Industrial Technologies and Services segment related to impairments recognized in and prior to 2015.Goodwill Impairment TestsConsistent with our accounting policy described in Note 1, we performed our annual goodwill impairment testing as of the first day of our fiscal fourth quarters of 2024, 2023 and 2022. For the years ended December 31, 2024, 2023 and 2022, each reporting unit’s fair value was in excess of its net carrying value, and therefore, no goodwill impairment was recorded.

56

Other Intangible AssetsOther intangible assets as of December 31, 2024 and 2023 consisted of the following.December 31, 2024December 31, 2023Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAm