Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 59

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 59
---
 Interest income on cash and cash equivalents(10.3)(11.4)Other adjustments (e)(2.2)0.4 Income Before Income Taxes253.1 269.6 Provision for income taxes58.5 54.4 Loss on equity method investments(6.2)(10.7)Net Income$188.4 $204.5 a)Depreciation and amortization expense excludes $1.1 million and $0.9 million of depreciation of rental equipment for the three month periods ended March 31, 2025 and 2024, respectively.b)Restructuring and related business transformation costs consist of the following.For the Three Month Period Ended March 31,20252024Restructuring charges$5.3 $9.7 Facility reorganization, relocation and other costs0.1 1.0 Total restructuring and related business transformation costs$5.4 $10.7 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 March 31,20252024Industrial Technologies and Services$67.6 $80.9 Precision and Science Technologies51.2 33.4 Corporate and other1.2 2.9 Total depreciation and amortization expense$120.0 $117.2 

32

Capital ExpendituresFor the Three Month Period Ended March 31,20252024Industrial Technologies and Services$26.4 $20.2 Precision and Science Technologies6.9 5.3 Corporate and other0.4 36.8 Total capital expenditures$33.7 $62.3 Identifiable AssetsMarch 31, 2025December 31, 2024Industrial Technologies and Services$10,637.1 $10,369.6 Precision and Science Technologies5,905.1 5,884.1 Corporate and other1,837.2 1,756.1 Total identifiable assets$18,379.4 $18,009