Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 88

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 88
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ations Recognized in Other Comprehensive Income (Loss):Net actuarial loss (gain)$7.0 $7.5 $(33.3)Amortization of net actuarial gain (loss)1.3 1.7 (0.3)Prior service cost— 0.3 — Amortization of prior service cost(0.2)(0.1)(0.1)Effect of foreign currency exchange rate changes0.4 0.3 (3.2)Total recognized in other comprehensive income (loss)$8.5 $9.7 $(36.9)Total recognized in net periodic benefit cost (income) and other comprehensive income (loss)$9.8 $10.8 $(39.1)

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Other Postretirement Benefits202420232022Net Periodic Benefit Cost (Income):Interest cost$0.8 $0.9 $0.7 Amortization of prior service cost0.1 0.1 — Amortization of net actuarial loss(0.8)(1.1)— Total net periodic benefit cost (income) recognized$0.1 $(0.1)$0.7 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):Net actuarial loss (gain)$0.2 $(1.0)$(5.0)Amortization of net actuarial loss0.8 1.1 — Prior service cost(10.9)— — Amortization of prior service cost(0.1)(0.1)— Total recognized in other comprehensive income (loss)$(10.0)$— $(5.0)Total recognized in net periodic benefit cost (income) and other comprehensive income (loss)$(9.9)$(0.1)$(4.3)The discount rate selected to measure the present value of the Company’s benefit obligations was derived by examining the rates of high-quality, fixed income securities whose cash flows or duration match the timing and amount of expected benefit payments under a plan. The Company selects the expected long-term rate of return on plan assets in consultation with the plans’ advisors. This rate is intended to reflect the expected average rate of earnings on the funds invested or to be invested to provide plan benefits and the Company’s most recent plan assets target allocations. In estimating the expected long-term rate of return on plan assets