Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 74

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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)(1.1)(0.1)(1.3)0.5 Loss on asbestos sale— 58.8 — 58.8 Interest income on cash and cash equivalents(8.9)(16.3)(19.2)(27.7)Other adjustments (e)(1.6)— (3.8)0.4 Income Before Income Taxes28.1 236.1 281.2 505.7 Provision for income taxes21.0 46.1 79.5 100.5 Loss on equity method investments(120.9)(3.5)(127.1)(14.2)Net Income (Loss)$(113.8)$186.5 $74.6 $391.0 a)Depreciation and amortization expense excludes $1.3 million and $1.1 million of depreciation of rental equipment for the three month periods ended June 30, 2025 and 2024, respectively, and excludes $2.4 million and $2.0 million for the six month periods ended June 30, 2025 and 2024, respectively.

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b)Restructuring and related business transformation costs consist of the following.For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Restructuring charges$3.2 $3.9 $8.5 $13.6 Facility reorganization, relocation and other costs0.2 — 0.3 1.0 Total restructuring and related business transformation costs$3.4 $3.9 $8.8 $14.6 c)Represents costs associated with successful and abandoned acquisitions, including third-party expenses, post-closure integration costs and non-cash charges and credits arising from fair value purchase accounting adjustments.d)Represents non-recoverable costs associated with a cybersecurity event.e)Includes (i) pension and other postemployment plan costs other than service cost and (ii) other miscellaneous adjustments.The following tables provide summarized information about the Company’s reportable segments.Depreciation and Amortization ExpenseFor the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Industrial Technologies and Services$68.5 $75.4 $136.1 $156.3 Precision and Science Technologies50.9 38