Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 70

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Foreign currency transaction losses (gains), net$6.0 $— $12.8 $(0.7)Restructuring charges, net(1)3.2 3.9 8.5 13.6 Acquisition and other transaction related expenses(2)11.8 25.9 21.6 41.2 Loss on asbestos sale(3)— 58.8 — 58.8 Other, net(1.1)(0.4)(1.3)0.5 Total other operating expense, net$19.9 $88.2 $41.6 $113.4 (1)See Note 3 “Restructuring.”(2)Represents costs associated with successful and abandoned acquisitions, including third-party expenses and post-closure integration costs.(3)During the second quarter of 2024, the Company transferred 100% of the equity interests of three wholly-owned subsidiaries that held asbestos liabilities and certain assets, including the related insurance assets, to an unrelated third party buyer. Following the completion of the transfer, the Company no longer has any obligation with respect to pending and future asbestos claims. The transaction resulted in a pre-tax loss of $58.8 million during the three month period ended June 30, 2024.

Note 18. Contingencies

The Company is a party to various legal proceedings, lawsuits and administrative actions, which are of an ordinary or routine nature for a company of its size and sector. The Company believes that such proceedings, lawsuits and administrative actions will not materially adversely affect its operations, financial condition, liquidity or competitive position. For further description of the Company’s contingencies, reference is made to Note 21, “Contingencies” in the notes to consolidated financial statements in the Company’s 2024 Annual Report.Environmental MattersThe Company has been identified as a potentially responsible party (“PRP”) with respect to several sites designated for cleanup under U.S. federal “Superfund” or similar state laws that impose liability for cleanup of certain waste sites and for related natural resource damages. The Company has undiscounted accrued liabilities of $12.1 million and $13.6 million as of June 30, 2025 and 

33

December 31, 2024, respectively, on its Condensed Consolidated Balance Sheets