Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 87

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 87
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 plans was $264.7 million and $294.0 million as of December 31, 2024 and 2023, respectively. The accumulated benefit obligation for all non-U.S. defined benefit pension plans was $243.3 million and $254.8 million as of December 31, 2024 and 2023, respectively.The following tables provide the components of net periodic benefit cost (income) and other amounts recognized in other comprehensive income (loss), before income tax effects, for the years ended December 31, 2024, 2023 and 2022.U.S. Pension Plans202420232022Net Periodic Benefit Cost:Service cost$0.1 $0.1 $4.4 Interest cost13.4 15.7 11.3 Expected return on plan assets(12.7)(13.2)(13.0)Amortization of net actuarial loss— 0.1 — Net periodic benefit cost0.8 2.7 2.7 Loss (gain) due to settlement0.4 (0.4)(0.5)Total net periodic benefit cost recognized$1.2 $2.3 $2.2 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):Net actuarial loss$0.6 $0.5 $0.4 Amortization of net actuarial gain (loss)(0.4)0.3 0.5 Total recognized in other comprehensive income (loss)$0.2 $0.8 $0.9 Total recognized in net periodic benefit cost and other comprehensive income (loss)$1.4 $3.1 $3.1 Non-U.S. Pension Plans202420232022Net Periodic Benefit Cost (Income):Service cost$2.9 $2.6 $3.3 Interest cost10.7 11.1 5.9 Expected return on plan assets(11.2)(11.0)(11.8)Amortization of prior service cost0.2 0.1 0.1 Amortization of net actuarial loss(1.3)(1.7)0.3 Total net periodic benefit cost (income) recognized$1.3 $1.1 $(2.2)Other Changes in Plan Assets and Benefit Oblig