Company: IR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047838
Chunk: 129

Company: Ingersoll Rand Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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 September 30, 2024.

Note 4. Allowance for Credit Losses

The allowance for credit losses for the three and nine month periods ended September 30, 2025 and 2024 consisted of the following.For the Three Month Period Ended September 30,For the Nine Month Period Ended September 30,2025202420252024Balance at beginning of the period$66.2 $56.9 $57.3 $53.8 Provision charged to expense2.8 0.8 9.9 5.1 Write-offs, net of recoveries(1.4)(1.5)(2.8)(2.4)Foreign currency translation and other— 1.7 3.2 1.4 Balance at end of the period$67.6 $57.9 $67.6 $57.9 

Note 5. Inventories

Inventories as of September 30, 2025 and December 31, 2024 consisted of the following.September 30, 2025December 31, 2024Raw materials, including parts and subassemblies$765.8 $675.1 Work-in-process150.6 116.3 Finished goods435.4 342.8 1,351.8 1,134.2 LIFO reserve(94.7)(79.2)Inventories$1,257.1 $1,055.0 

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Note 6. Goodwill and Other Intangible Assets

GoodwillThe changes in the carrying amount of goodwill attributable to each reportable segment for the nine month period ended September 30, 2025 is presented in the table below.Industrial Technologies and ServicesPrecision and Science TechnologiesTotalBalance at beginning of period$4,930.7 $3,217.4 $8,148.1 Acquisitions248.9 50.5 299.4 Impairments— (229.7)(229.7)Foreign currency translation and other(1)134.4 62.5 196.9 Balance at end of period$5,314.0 $3,100.7 $8,414.7 (1)Includes measurement period adjustmentsAccumulated impairment losses within the Industrial Technologies and Services segment was $220.6 million as of both September 30