Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 89

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 89
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, appropriate consideration is given to historical performance of the major asset classes held or anticipated to be held by the plans and to current forecasts of future rates of return for those asset classes. Because assets are held in qualified trusts, expected returns are not adjusted for taxes.The following actuarial assumptions were used to determine net periodic benefit cost (income) and benefit obligations for the years ended December 31, 2024, 2023 and 2022.U.S. Pension PlansNon-U.S. Pension Plans202420232022202420232022Weighted-average actuarial assumptions used to determine net periodic benefit cost:Discount rate5.0 %5.2 %2.7 %4.2 %4.5 %1.6 %Expected long-term rate of return on plan assets5.8 %5.4 %3.5 %5.5 %5.5 %4.4 %Rate of compensation increasesN/AN/A3.0 %5.0 %4.3 %4.3 %Weighted-average actuarial assumptions used to determine benefit obligations:Discount rate5.5 %5.0 %5.2 %4.5 %4.2 %4.5 %Rate of compensation increasesN/AN/AN/A5.0 %5.0 %4.3 %The following actuarial assumptions were used to determine other postretirement benefit plans costs and obligations for the years ended December 31, 2024, 2023 and 2022.Other Postretirement Benefits202420232022Discount rate used to determine net periodic benefit cost4.9% - 5.1%4.9% - 5.2%2.4% - 3.0%Discount rate used to determine benefit obligations4.4% - 5.4%4.9% - 5.1%4.9% - 5.2%Weighted-average actuarial assumptions used to determine other postretirement benefit plans costs and obligations:Healthcare cost trend rate assumed for next year5.1 %6.8 %6.8 %Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.0 %4.4 %4.5 %Year that the date reaches the ultimate trend rate204020352034

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The following table reflects