99.1
INGERSOLL-RAND COMPANY LIMITED
Condensed Consolidated Balance Sheet
(In millions)
UNAUDITED
			September	December
			30, 2003	31, 2002
ASSETS
Current assets:
	Cash and cash equivalents		$       191.1	$       343.4
	Marketable securities		145.1	1.8
	Accounts and notes receivable, net		1,447.1	1,392.8
	Inventories		1,103.3	1,181.3
	Prepaid expenses, other assets and deferred income taxes		298.4	379.2
	Assets held for sale		15.2	819.9
		Total current assets	3,200.2	4,118.4
	Property, plant and equipment, net		1,227.5	1,276.3
	Goodwill		4,114.1	4,004.0
	Intangible assets, net		882.8	890.9
	Other assets		748.2	520.3
		Total assets	$   10,172.8	$   10,809.9
LIABILITIES AND EQUITY
Current liabilities:
	Accounts payable		$       665.4	$       724.6
	Accrued expenses and other current liabilities		1,409.3	1,614.6
	Loans payable		611.5	1,155.5
	Liabilities held for sale		10.2	303.6
		Total current liabilities	2,696.4	3,798.3
	Long-term debt		1,781.4	2,092.1
	Other noncurrent liabilities		1,612.1	1,441.3
			6,089.9	7,331.7
Shareholders' equity:
	Common stock		172.8	169.2
	Other shareholders' equity		4,319.8	3,822.1
	Accumulated other comprehensive income		(409.7)	(513.1)
		Total shareholders' equity	4,082.9	3,478.2
		Total liabilities and equity	$   10,172.8	$   10,809.9
"SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION"