Accumulated Other Comprehensive LossThe Company’s other comprehensive income (loss) consists of (i) unrealized foreign currency net gains and losses on the translation of the assets and liabilities of its foreign operations; (ii) realized and unrealized foreign currency gains and losses on certain hedges of net investments in foreign operations, net of income taxes; (iii) unrealized gains and losses on cash flow hedges (consisting of interest rate swap and cap contracts), net of income taxes; and (iv) pension and other postretirement prior service cost and actuarial gains or losses, net of income taxes. See Note 9 “Benefit Plans” and Note 13 “Hedging Activities and Derivative Instruments.” The before tax income (loss) and related income tax effect are as follows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Month Period Ended June 30, | | 2026 | | 2025 | | Before-Tax Amount | | Tax Benefit (Expense) | | Net of Tax Amount | | Before-Tax Amount | | Tax Benefit (Expense) | | Net of Tax Amount | | Foreign currency translation adjustments, net | $ | (23.1) | | | $ | (0.1) | | | $ | (23.2) | | | $ | 187.7 | | | $ | 28.0 | | | $ | 215.7 | | | Unrecognized losses on cash flow hedges | — | | | — | | | — | | | (2.9) | | | — | | | (2.9) | | | Pension and other postretirement benefit prior service cost and gain or loss, net | (1.0) | | | 0.2 | | | (0.8) | | | (4.1) | | | 1.0 | | | (3.1) | | | Other comprehensive income (loss) | $ | (24.1) | | | $ | 0.1 | | | $ | (24.0) | | | $ | 180.7 | | | $ | 29.0 | | | $ | 209.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Six Month Period Ended June 30, | | 2026 | | 2025 | | Before-Tax Amount | | Tax Benefit (Expense) | | Net of Tax Amount | | Before-Tax Amount | | Tax Benefit (Expense) | | Net of Tax Amount | | Foreign currency translation adjustments, net | $ | (57.5) | | | $ | (7.0) | | | $ | (64.5) | | | $ | 302.2 | | | $ | 37.2 | | | $ | 339.4 | | | Unrecognized losses on cash flow hedges | 0.1 | | | — | | | 0.1 | | | (5.9) | | | (0.1) | | | (6.0) | | | Pension and other postretirement benefit prior service cost and gain or loss, net | (1.3) | | | 0.3 | | | (1.0) | | | (7.6) | | | 1.9 | | | (5.7) | | | Other comprehensive income (loss) | $ | (58.7) | | | $ | (6.7) | | | $ | (65.4) | | | $ | 288.7 | | | $ | 39.0 | | | $ | 327.7 | |
The tables above include only the other comprehensive income (loss), net of tax, attributable to Ingersoll Rand Inc. Other comprehensive income (loss), net, attributable to noncontrolling interest holders was $(0.2) million and $(0.3) million for the three month periods ended June 30, 2026 and 2025, respectively, and $(1.4) million and $0.4 million for the six month periods ended June 30, 2026 and 2025, respectively, and related entirely to foreign currency translation adjustments. Changes in accumulated other comprehensive loss by component for the six month periods ended June 30, 2026 and 2025 are presented in the following table, net of tax. | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments, Net | | Cash Flow Hedges | | Pension and Other Postretirement Benefit Plans | | Total | | Balance as of December 31, 2025 | $ | (149.1) | | | $ | (2.7) | | | $ | 3.5 | | | $ | (148.3) | | | Other comprehensive loss before reclassifications | (57.5) | | | — | | | (0.4) | | | (57.9) | | | Amounts reclassified from accumulated other comprehensive loss | (7.0) | | | 0.1 | | | (0.6) | | | (7.5) | | | Other comprehensive income (loss) | (64.5) | | | 0.1 | | | (1.0) | | | (65.4) | | | | | | | | | | | Balance as of June 30, 2026 | $ | (213.6) | | | $ | (2.6) | | | $ | 2.5 | | | $ | (213.7) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments, Net | | Cash Flow Hedges | | Pension and Other Postretirement Benefit Plans | | Total | | Balance as of December 31, 2024 | $ | (479.6) | | | $ | 3.1 | | | $ | 8.0 | | | $ | (468.5) | | | Other comprehensive income (loss) before reclassifications | 346.1 | | | (1.5) | | | (1.1) | | | 343.5 | | | Amounts reclassified from accumulated other comprehensive loss | (6.7) | | | (4.5) | | | (4.6) | | | (15.8) | | | Other comprehensive income (loss) | 339.4 | | | (6.0) | | | (5.7) | | | 327.7 | | | | | | | | | | | Balance as of June 30, 2025 | $ | (140.2) | | | $ | (2.9) | | | $ | 2.3 | | | $ | (140.8) | |
Reclassifications out of accumulated other comprehensive loss for the six month periods ended June 30, 2026 and 2025 are presented in the following table. | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated Other Comprehensive Loss | Details about Accumulated Other Comprehensive Loss Components | | For the Six Month Period Ended June 30, | | Affected Line(s) in the Statement Where Net Income is Presented | | 2026 | | 2025 | | | Cash flow hedges | | $ | 0.1 | | | $ | (6.0) | | | Interest expense | | Provision for income taxes | | — | | | 1.5 | | | Provision for income taxes | | Cash flow hedges, net of tax | | $ | 0.1 | | | $ | (4.5) | | | | | | | | | | | | Net investment hedges | | $ | (9.3) | | | $ | (8.9) | | | Interest expense | | Provision for income taxes | | 2.3 | | | 2.2 | | | Provision for income taxes | | Net investment hedges, net of tax | | $ | (7.0) | | | $ | (6.7) | | | | | | | | | | | Amortization of defined benefit pension and other postretirement benefit items(1) | | $ | (0.8) | | | $ | (6.2) | | | Cost of sales and Selling and administrative expenses | | Provision for income taxes | | 0.2 | | | 1.6 | | | Provision for income taxes | | Amortization of defined benefit pension and other postretirement benefit items, net of tax | | $ | (0.6) | | | $ | (4.6) | | | | | | | | | | | | Total reclassifications for the period, net of tax | | $ | (7.5) | | | $ | (15.8) | | | |
(1)These components are included in the computation of net periodic benefit cost. See Note 9 “Benefit Plans” for additional details.
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