Company: IR
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006391
Chunk: 118

Company: Ingersoll Rand Inc.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 118
---
 liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows.Level 1    Quoted prices (unadjusted) in active markets for identical assets or liabilities as of the reporting date.Level 2    Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities as of the reporting date.Level 3    Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.Refer to Note 1 “Summary of Significant Accounting Policies” for a discussion of the valuation assumptions utilized in the valuation of goodwill and indefinite-lived intangible assets.The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis.December 31, 2024Level 1Level 2Level 3TotalFinancial AssetsTrading securities held in deferred compensation plan(1)$21.0 $— $— $21.0 Interest rate swaps(2)— 1.4 — 1.4 Cross-currency interest rate swaps(3)— 27.3 — 27.3 Foreign currency forwards(4)— 1.8 — 1.8 Total$21.0 $30.5 $— $51.5 Financial LiabilitiesDeferred compensation plan(1)$28.7 $— $— $28.7 Interest rate swaps(2)— 1.8 — 1.8 Contingent consideration(5)— — 22.2 22.2 Foreign currency forwards(4)— 1.2 — 1.2 Total$28.7 $3.0 $22.2 $53.9 

83

December 31, 2023Level 1Level 2Level 3TotalFinancial AssetsTrading securities held in deferred compensation plan(1)$16.8 $— $— $16.8