Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 72

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 72
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 from the date of acquisition.Other acquisitions completed during the year ended December 31, 2022 include multiple sales and service businesses and a manufacturer in the Industrial Technologies and Services segment. The aggregate consideration for these acquisitions was $19.9 million.The following table summarizes the allocation of consideration for all businesses acquired in 2022 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for all 2022 acquisitions is complete.Dosatron InternationalAll othersTotal ConsiderationAccounts receivable$1.8 $16.2 $18.0 Inventories6.2 20.4 26.6 Other current assets0.1 1.3 1.4 Property, plant and equipment0.3 8.9 9.2 Goodwill57.4 151.9 209.3 Other intangible assets41.9 43.0 84.9 Other noncurrent assets13.8 0.9 14.7 Total current liabilities(3.5)(30.7)(34.2)Deferred tax liabilities(13.8)(9.7)(23.5)Other noncurrent liabilities— (1.9)(1.9)Total consideration$104.2 $200.3 $304.5 Acquisition Revenues and Operating IncomeThe revenues included in the consolidated financial statements for these acquisitions subsequent to their acquisition date were $132.3 million, $124.4 million and $38.4 million, respectively, for the years ended December 31, 2024, 2023 and 2022. The operating income included in the consolidated financial statements for these acquisitions subsequent to their acquisition date was $17.0 million, $19.5 million and $3.4 million, respectively, for the years ended December 31, 2024, 2023 and 2022.

Note 5:    Restructuring

2024 and 2023 ActionsThe Company continues to undertake restructuring actions to optimize our cost structure. Charges incurred from actions taken in 2024 and 2023 include workforce restructuring, facility consolidation and other exit and disposal costs.2022 ActionsSubsequent to the acquisition of and merger with the Industrial business of Ingersoll-Rand plc (“Ingersoll Rand Industrial”) in 2020 (the “Merger”), the Company announced a restructuring program (“2020 Plan”) to create efficiencies and synergies, reduce the