Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 104

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortized intangible assetsCustomer lists and relationships$4,083.4 $(1,923.2)$2,160.2 $4,010.1 $(1,830.1)$2,180.0 Technology545.6 (260.9)284.7 549.1 (243.3)305.8 Tradenames68.9 (34.4)34.5 63.6 (32.4)31.2 Backlog1.4 (1.4)— 4.3 (4.2)0.1 Other147.3 (115.0)32.3 128.5 (112.1)16.4 Unamortized intangible assetsTradenames1,848.8 — 1,848.8 1,839.3 — 1,839.3 Total other intangible assets$6,695.4 $(2,334.9)$4,360.5 $6,594.9 $(2,222.1)$4,372.8 Intangible Asset Impairment ConsiderationsAs of March 31, 2025 and December 31, 2024, there were no indications that the carrying value of goodwill and other intangible assets may not be recoverable. The current macro-economic uncertainty increases the risk of negative changes in forecast estimates, or the need to apply alternative assumptions in future periods. Two reporting units in our Precision and Science Technologies segment have limited cushions due to the fair values assigned from the recent ILC Dover acquisition. This results in elevated impairment risk for the goodwill of these reporting units and their associated other intangible assets.

Note 7. Supply Chain Finance Program

The Company has agreements with financial institutions to facilitate a supply chain finance program (the “SCF Program”). Under the SCF Program, qualifying suppliers may elect to sell their receivables from the Company to the financial institution. Participating suppliers negotiate arrangements for sale of their receivables directly with the financial institution, and the terms of the Company’s payment obligations are not impacted by a supplier’s participation in the SCF Program. Once a qualifying supplier elects to participate in the SCF Program and reaches an agreement with the financial institution, the supplier elects which individual Company invoices they sell