Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 30

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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$5.3 $9.7 The following table summarizes the activity associated with the Company’s restructuring programs for the three month periods ended March 31, 2025 and 2024.For the Three Month Period Ended March 31,20252024Balance at beginning of period$22.3 $15.5 Charged to expense - termination benefits4.7 9.3 Charged to expense - other0.6 0.4 Payments(11.1)(4.3)Currency translation adjustment and other0.5 (0.3)Balance at end of period$17.0 $20.6 

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Note 4. Allowance for Credit Losses

The allowance for credit losses for the three month periods ended March 31, 2025 and 2024 consisted of the following.For the Three Month Period Ended March 31,20252024Balance at beginning of the period$57.3 $53.8 Provision charged to expense4.8 2.5 Write-offs, net of recoveries(0.6)(0.3)Foreign currency translation and other1.5 (0.7)Balance at end of the period$63.0 $55.3 

Note 5. Inventories

Inventories as of March 31, 2025 and December 31, 2024 consisted of the following.March 31, 2025December 31, 2024Raw materials, including parts and subassemblies$702.0 $675.1 Work-in-process109.8 116.3 Finished goods403.4 342.8 1,215.2 1,134.2 LIFO reserve(82.2)(79.2)Inventories$1,133.0 $1,055.0 

Note 6. Goodwill and Other Intangible Assets

GoodwillThe changes in the carrying amount of goodwill attributable to each reportable segment for the three month period ended March 31, 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 Acquisitions113.3 — 113.3 Foreign currency translation and other(1)46.1 31.6 77.7 Balance