Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 31

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 at end of period$5,090.1 $3,249.0 $8,339.1 (1)Includes measurement period adjustmentsAs of both March 31, 2025 and December 31, 2024, goodwill included accumulated impairment losses of $220.6 million within the Industrial Technologies and Services segment.

14

Other Intangible Assets, NetOther intangible assets as of March 31, 2025 and December 31, 2024 consisted of the following.March 31, 2025December 31, 2024Gross Carrying AmountAccumulated 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