Company: IR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047838
Chunk: 85

Company: Ingersoll Rand Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 85
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4 and first nine months of 2025 discussed in Note 2 “Acquisitions” to our unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q, offset by certain intangible assets becoming fully amortized.

Other Operating Expense, Net

Other operating expense, net was $23.8 million for the three month period ended September 30, 2025, a decrease of $5.6 million, compared to $29.4 million in the same three month period in 2024. The decrease in expense was primarily due to lower acquisition and other transaction related expenses of $8.9 million and lower foreign currency transaction losses, net of $7.1 million, partially offset by higher restructuring charges of $10.2 million.

Other operating expense, net was $65.4 million for the nine month period ended September 30, 2025, a decrease of $77.4 million, compared to $142.8 million in the same nine month period in 2024. The decrease was primarily due to the loss on asbestos sale of $58.8 million in the 2024 period that didn't recur in the 2025 period, lower acquisition and other transaction related expenses and non-cash charges of $28.5 million, partially offset by higher foreign currency transaction losses, net of $6.4 million and higher 

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restructuring charges of $5.1 million. See Note 17 “Other Operating Expenses, net” to our unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q for further discussion of the loss on asbestos sale.

Interest Expense

Interest expense was $65.1 million for the three month period ended September 30, 2025, an increase of $1.3 million, compared to $63.8 million in the same three month period in 2024. The increase was primarily due to the interest rate derivative contracts discussed in Note 13 “Hedging Activities and Derivative Instruments” to our unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q. The weighted average interest rate, including the impact of the active interest rate derivative contracts, was approximately 5.0% for the three month period ended September 30, 2025 and 5.3% in the same three month period in 2024.

Interest expense was $189.0 million for the nine month period ended September 30, 2025, an increase of $37.6 million, compared to $