Company: IR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047838
Chunk: 33

Company: Ingersoll Rand Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 functional currency. To mitigate this risk, the Company and its subsidiaries typically settle intercompany trading balances at least quarterly. The Company also selectively uses forward currency contracts to manage this risk. These contracts for the sale or purchase of European and other currencies generally mature within one year.Derivative InstrumentsThe following table summarizes the notional amounts, fair values and classification of the Company’s outstanding derivatives by risk category and instrument type within the Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024.September 30, 2025Derivative ClassificationNotional Amount(1)Fair Value(1) Other Current AssetsFair Value(1) Other AssetsFair Value(1) Accrued LiabilitiesFair Value(1) Other LiabilitiesDerivatives Designated as Hedging InstrumentsInterest rate swap contractsFair Value$1,000.0 $1.5 $22.7 $— $— Cross-currency interest rate swap contractsNet investment1,332.7 14.7 — — 139.9 Derivatives Not Designated as Hedging InstrumentsForeign currency forwardsFair value$137.8 $0.6 $— $— $— Foreign currency forwardsFair value59.0 — — 0.6 — 

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December 31, 2024Derivative ClassificationNotional Amount(1)Fair Value(1) Other Current AssetsFair Value(1) Other AssetsFair Value(1) Accrued LiabilitiesFair Value(1) Other LiabilitiesDerivatives Designated as Hedging InstrumentsInterest rate swap contractsFair Value$750.0 $— $1.4 $0.9 $0.9 Cross-currency interest rate swap contractsNet investment1,074.3 11.5 15.8 — — Derivatives Not Designated as Hedging InstrumentsForeign currency forwardsFair Value$124.3 $1.8 $— $— $— Foreign currency forwardsFair Value69.0 — — 1.2 — (1)Notional amounts represent the gross contract amounts of the outstanding derivatives excluding the total notional amount of positions that have been effectively closed through offsetting positions. The net gains and net losses associated with positions that have been effectively closed through offsetting positions but not yet settled are included in the asset and liability derivatives fair