Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 40

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
.4 0.4 Restructuring charges, net$3.2 $3.9 $8.5 $13.6 

14

The following table summarizes the activity associated with the Company’s restructuring programs for the three and six month periods ended June 30, 2025 and 2024.For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Balance at beginning of period$17.0 $20.6 $22.3 $15.5 Charged to expense - termination benefits2.7 3.4 7.4 12.7 Charged to expense - other0.5 0.5 1.1 0.9 Payments(5.4)(8.9)(16.5)(13.2)Currency translation adjustment and other1.2 — 1.7 (0.3)Balance at end of period$16.0 $15.6 $16.0 $15.6 

Note 4. Allowance for Credit Losses

The allowance for credit losses for the three and six month periods ended June 30, 2025 and 2024 consisted of the following.For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Balance at beginning of the period$63.0 $55.3 $57.3 $53.8 Provision charged to expense2.3 1.8 7.1 4.3 Write-offs, net of recoveries(0.8)(0.6)(1.4)(0.9)Foreign currency translation and other1.7 0.4 3.2 (0.3)Balance at end of the period$66.2 $56.9 $66.2 $56.9 

Note 5. Inventories

Inventories as of June 30, 2025 and December 31, 2024 consisted of the following.June 30, 2025December 31, 2024Raw materials, including parts and subassemblies$753.3 $675.1 Work-in-process130.0 116.3 Finished goods411.8 342.8 1,295.1 1,134.2 L