Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 134

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 accrued liabilities$997.6 $972.2 A reconciliation of the changes in the accrued product warranty liability for the three and six month periods ended June 30, 2025 and 2024 are as follows.For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Balance at beginning of period$62.7 $65.6 $67.9 $61.9 Product warranty accruals4.7 12.7 6.0 26.3 Acquired warranty— 0.7 — 0.7 Settlements(8.2)(6.5)(15.5)(15.8)Foreign currency translation and other1.8 (0.2)2.6 (0.8)Balance at end of period$61.0 $72.3 $61.0 $72.3 

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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 six month periods ended June 30, 2025 and 2024.Pension BenefitsOther Postretirement BenefitsU.S. PlansNon-U.S. PlansFor the Three Month Period Ended June 30,202520242025202420252024Service cost$— $— $0.8 $0.7 $— $— Interest cost3.4 3.5 2.9 2.6 — 0.2 Expected return on plan assets(2.7)(3.3)(2.3)(2.7)— — Recognition of:Unrecognized prior service cost— — 0.1 0.1 (2.8)— Unrecognized net actuarial loss (gain)— 0.1 (0.3)(0.4)(0.1)(0.2)$0.7 $0.3 $1.2 $0.3 $(2.9)$— 

Pension BenefitsOther Postretirement BenefitsU.S. PlansNon-U.S. PlansFor the Six Month Period Ended June 30,202520242025202420252024Service cost$— $— $1.5 $1.4 $—