Restructuring

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

2025 and 2024 Actions

The Company continues to undertake restructuring actions to optimize our cost structure. Charges incurred from actions taken in 2025 and 2024 include workforce restructuring, facility consolidation and other exit and disposal costs.

For the three and nine month periods ended September 30, 2025 and 2024, “Restructuring charges, net” were recognized within “Other operating expense, net” in the Condensed Consolidated Statements of Operations and consisted of the following.


	For the Three Month Period Ended September 30,				For the Nine Month Period Ended September 30,
	2025		2024		2025		2024
Industrial Technologies and Services	$	13.9	$	6.2	$	19.7	$	14.4
Precision and Science Technologies	5.7		3.2		8.0		8.2
Corporate	0.2		0.2		0.6		0.6
Restructuring charges, net	$	19.8	$	9.6	$	28.3	$	23.2

The following table summarizes the activity associated with the Company’s restructuring programs for the three and nine month periods ended September 30, 2025 and 2024.


	For the Three Month Period Ended September 30,				For the Nine Month Period Ended September 30,
	2025		2024		2025		2024
Balance at beginning of period	$	16.0	$	15.6	$	22.3	$	15.5
Charged to expense - termination benefits	19.0		6.9		26.4		19.6
Charged to expense - other (1)	0.8		1.1		1.9		2.0
Payments	(12.4)		(3.9)		(28.9)		(17.1)
Currency translation adjustment and other	—		0.7		1.7		0.4
Balance at end of period	$	23.4	$	20.4	$	23.4	$	20.4

(1)Excludes $1.6 million of non-cash charges that impacted restructuring expense but not the restructuring liabilities during the three and nine month periods ended September 30, 2024.

Ingersoll Rand Inc. 10-Q