Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 19

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 attributable to noncontrolling interests$1.9 $2.3 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments, net0.7 (0.8)Total other comprehensive income (loss), net of tax0.7 (0.8)Comprehensive income attributable to noncontrolling interests2.6 1.5 Total Comprehensive Income$307.1 $128.7 

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

Table of Contents

INGERSOLL RAND INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited; in millions, except share amounts)

March 31, 2025December 31, 2024AssetsCurrent assets:Cash and cash equivalents$1,612.8 $1,541.2 Accounts receivable, net of allowance for credit losses of $63.0 and $57.3, respectively1,348.3 1,335.4 Inventories1,133.0 1,055.0 Other current assets257.6 231.9 Total current assets4,351.7 4,163.5 Property, plant and equipment, net of accumulated depreciation of $606.2 and $567.5, respectively852.9 842.1 Goodwill8,339.1 8,148.1 Other intangible assets, net4,360.5 4,372.8 Deferred tax assets26.3 26.1 Other assets448.9 457.2 Total assets$18,379.4 $18,009.8 Liabilities and Stockholders’ EquityCurrent liabilities:Short-term borrowings and current maturities of long-term debt$1.7 $3.1 Accounts payable780.4 843.6 Accrued liabilities1,044.7 972.2 Total current liabilities1,826.8 1,818.9 Long-term debt, less current maturities4,770.4 4,754.4 Pensions and other postretirement benefits142.5 139.3 Deferred income tax liabilities756.6 757.6 Other liabilities329.4 294.3 Total liabilities$7,825.7 $7,764.5 Commitments and contingencies