Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 55

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 the six month periods ended June 30, 2025 and 2024 are presented in the following table.Amount Reclassified from Accumulated Other Comprehensive LossDetails about Accumulated Other Comprehensive Loss ComponentsFor the Six Month Period Ended June 30,Affected Line(s) in the Statement Where Net Income is Presented20252024Cash flow hedges (interest rate swaps and caps)$(6.0)$(8.8)Interest expenseProvision for income taxes1.5 2.2 Provision for income taxesCash flow hedges (interest rate swaps and caps), net of tax$(4.5)$(6.6)Net investment hedges$(8.9)$(8.5)Interest expenseProvision for income taxes2.2 2.1 Provision for income taxesNet investment hedges, net of tax$(6.7)$(6.4)Amortization of defined benefit pension and other postretirement benefit items(1)$(6.2)$(0.9)Cost of sales and Selling and administrative expensesProvision for income taxes1.6 0.2 Provision for income taxesAmortization of defined benefit pension and other postretirement benefit items, net of tax$(4.6)$(0.7)Total reclassifications for the period, net of tax$(15.8)$(13.7)(1)These components are included in the computation of net periodic benefit cost. See Note 9 “Benefit Plans” for additional details.

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Note 13. Hedging Activities and Derivative Instruments

Hedging ActivitiesThe Company is exposed to certain market risks during the normal course of its business arising from adverse changes in interest rates and foreign currency exchange rates. The Company selectively uses derivative financial instruments (“derivatives”), including cross-currency interest rate swap and foreign currency forward contracts and interest rate swap and cap contracts, to manage the risks from fluctuations in foreign currency exchange rates and interest rates, respectively. The Company does not purchase or hold derivatives for trading or speculative purposes.The Company manages its debt centrally, considering tax consequences and its overall financing strategies. The Company manages its exposure to interest rate risk by using interest rate derivatives as cash flow hedges of variable rate debt or fair value hedges of fixed rate debt in order to adjust the relative fixed and variable proportions. The Company’s exposure to interest rate risk results primarily from its fixed rate to floating rate interest rate swap contracts. A substantial portion of the Company’s operations is conducted by