Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 86

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 86
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13.6)Plan settlements(2.5)(31.5)— — Other— — 0.6 — Effect of foreign currency exchange rate changes— — (5.6)9.9 Fair value of plan assets ending balance$206.9 $237.5 $194.6 $206.0 Funded Status as of Period End$(57.8)$(56.5)$(56.8)$(57.2)$(5.9)$(18.3)(1)Actuarial losses (gains) primarily resulted from changes in discount rates.Amounts recognized as a component of accumulated other comprehensive income (loss) as of December 31, 2024 and 2023 that have not been recognized as a component of net periodic benefit cost are presented in the following table.Pension BenefitsOther Postretirement BenefitsU.S. PlansNon-U.S. Plans202420232024202320242023Net actuarial losses (gains)$(10.8)$(11.0)$7.6 $(1.1)$(3.2)$(4.3)Prior service cost— — 2.7 2.9 (10.9)0.1 Amounts included in accumulated other comprehensive income (loss)$(10.8)$(11.0)$10.3 $1.8 $(14.1)$(4.2)Pension and other postretirement benefit liabilities and assets are included in the following captions in the Consolidated Balance Sheets as of December 31, 2024 and 2023.20242023Other assets$18.5 $18.8 Accrued liabilities(6.4)(6.2)Pension and other postretirement benefits(132.6)(144.6)

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The following table provides information for pension plans with an accumulated benefit obligation in excess of plan assets as of December 31, 2024 and 2023.U.S. Pension PlansNon-U.S. Pension Plans2024202320242023Projected benefit obligations$264.7 $294.0 $119.7 $105.4 Accumulated benefit obligation264.7 294.0 112.7 86.4 Fair value of plan assets206.9 237.5 42.8 17.0 The accumulated benefit obligation for all U.S. defined benefit pension