Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 66

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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606.Contractual specifications and requirements may be modified. The Company considers contract modifications to exist when the modification either creates new or changes the existing enforceable rights and obligations. In the event a contract modification is for goods or services that are not distinct in the contract, and therefore, form part of a single performance obligation that is partially satisfied as of the modification date, the effect of the contract modification on the transaction price and the Company’s measure of progress for the performance obligation to which it relates, is recognized on a cumulative catch-up basis.

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Taxes assessed by a government authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Sales commissions are generally due at either collection of payment from customers or recognition of revenue. Applying the practical expedient from ASC 340-40-25-4, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. These costs are included in “Selling and administrative expenses” in the Condensed Consolidated Statements of Operations.Disaggregation of RevenueThe following tables provide disaggregated revenue by reportable segment for the three and six month periods ended June 30, 2025 and 2024.Industrial Technologies and ServicesPrecision and Science TechnologiesTotalThree Month Period Ended June 30,202520242025202420252024Primary Geographic MarketsUnited States$617.7 $626.2 $180.7 $158.3 $798.4 $784.5 Other Americas123.4 109.6 33.2 17.8 156.6 127.4 Total Americas741.1 735.8 213.9 176.1 955.0 911.9 EMEIA468.3 461.2 142.7 119.9 611.0 581.1 China179.2 183.6 29.3 31.0 208.5 214.6 Other Asia Pacific103.0 85.9 10.4 11.8 113.4 97.7 Total Asia Pacific282.2 269.5 39.7 42.8 321.9 312.3 Total$1,491.6 $1,466.5 $396.3 $