Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 46

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 46
---
Table of Contents

ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Consolidated Statements of Operations38Consolidated Statements of Comprehensive Income39Consolidated Balance Sheets40Consolidated Statements of Stockholders’ Equity41Consolidated Statements of Cash Flows42Note 1: Summary of Significant Accounting Policies44Note 2: New Accounting Standards49Note 3: Discontinued Operations50Note 4: Acquisitions50Note 5: Restructuring54Note 6: Allowance for Credit Losses55Note 7: Inventories55Note 8: Property, Plant and Equipment55Note 9: Goodwill and Other Intangible Assets56Note 10: Supply Chain Finance Program57Note 11: Accrued Liabilities58Note 12: Debt58Note 13: Benefit Plans61Note 14: Stockholders’ Equity and Noncontrolling Interests68Note 15: Accumulated Other Comprehensive Income (Loss)68Note 16: Revenue from Contracts with Customers70Note 17: Income Taxes72Note 18: Leases75Note 19: Stock-Based Compensation Plans76Note 20: Hedging Activities, Derivative Instruments and Credit Risk79Note 21: Fair Value Measurements83Note 22: Contingencies84Note 23: Other Operating Expense, Net86Note 24: Segment Reporting86Note 25: Earnings Per Share88Note 26: Subsequent Events89Report Of Independent Registered Public Accounting Firm (PCAOB ID 34)90

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Table of Contents

INGERSOLL RAND INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share amounts)

For the Years Ended December 31,202420232022Revenues$7,235.0 $6,876.1 $5,916.3 Cost of sales4,065.0 3,993.9 3,590.7 Gross Profit3,170.0 2,882.2 2,325.6 Selling and administrative expenses1,344.4 1,272.7 1,095.8 Amortization of intangible assets373.0 367.5 347.6 Impairment of other intangible assets13.9 — — Other operating expense, net138.6 77.7 64.9 Operating Income1,300.1