Company: IR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047838
Chunk: 132

Company: Ingersoll Rand Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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ated Balance Sheets as of September 30, 2025 and December 31, 2024 were $29.8 million and $24.5 million of outstanding payment obligations, respectively, that were sold to the financial institution by participating suppliers.

Note 8. Accrued Liabilities

Accrued liabilities as of September 30, 2025 and December 31, 2024 consisted of the following.September 30, 2025December 31, 2024Salaries, wages and related fringe benefits$233.4 $229.5 Contract liabilities341.9 318.6 Product warranty60.1 67.9 Operating lease liabilities64.2 56.3 Restructuring23.4 22.3 Taxes130.4 72.5 Accrued interest61.5 33.2 Other177.7 171.9 Total accrued liabilities$1,092.6 $972.2 A reconciliation of the changes in the accrued product warranty liability for the three and nine month periods ended September 30, 2025 and 2024 are as follows.For the Three Month Period Ended September 30,For the Nine Month Period Ended September 30,2025202420252024Balance at beginning of period$61.0 $72.3 $67.9 $61.9 Product warranty accruals3.1 5.5 9.1 31.8 Acquired warranty4.6 — 4.6 0.7 Settlements(8.4)(7.7)(23.9)(23.5)Foreign currency translation and other(0.2)1.2 2.4 0.4 Balance at end of period$60.1 $71.3 $60.1 $71.3 

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Note 9. Benefit Plans

Net Periodic Benefit CostThe following table summarizes the components of net periodic benefit cost for the Company’s defined benefit pension plans and other postretirement benefit plans recognized for the three and nine month periods ended September 30, 2025 and 2024.Pension BenefitsOther Postretirement BenefitsU.S. PlansNon-U.S. PlansFor the Three Month Period Ended September 30,202520242025202420252024Service cost$— $— $0.8 $0