Divestitures and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2011

Summarized Financial Information For Discontinued Operations Text Block [Table Text Block]

The components of discontinued operations for the three and nine months ended September 30 are as follows:

	Three months ended						Nine months ended
In millions	2011			2010			2011			2010
Net revenues	$	—		$	24.2		$	—		$	62.4
Pre-tax earnings (loss) from operations	$	(12.9	)	$	(49.2	)	$	(37.2	)	$	(133.9	)
Pre-tax gain (loss) on sale	(7.2		)	(0.3		)	(40.8		)	(0.7		)
Tax benefit (expense)	11.5			10.0			29.9			16.9
Discontinued operations, net of tax	$	(8.6	)	$	(39.5	)	$	(48.1	)	$	(117.7	)

Discontinued operations by business net of tax

Discontinued operations by business for the three and nine months ended September 30 are as follows:

	Three months ended						Nine months ended
In millions	2011			2010			2011			2010
Energy Systems, net of tax	$	(0.5	)	$	(9.5	)	$	—		$	(12.5	)
KOXKA, net of tax	(0.3		)	(19.5		)	(1.0		)	(68.9		)
Other discontinued operations, net of tax	(7.8		)	(10.5		)	(47.1		)	(36.3		)
Discontinued operations, net of tax	$	(8.6	)	$	(39.5	)	$	(48.1	)	$	(117.7	)

Hussmann Divestiture [Member]

Net Revenues and After Tax Earnings

Results for the Hussmann Business and Hussmann Branches for the periods ended September 30 are as follows:

	Three months ended						Nine months ended
In millions	2011				2010		2011				2010
Net revenues	$	281.8			$	319.4	$	781.7			$	839.1
Loss on sale/asset impairment	(264.8		)	*	—		(651.6		)	*	—
Net earnings (loss) attributable to Ingersoll-Rand plc	(157.9		)		26.8		(528.3		)		49.8
Diluted earnings (loss) per share attributable to Ingersoll-Rand plc ordinary shareholders:	(0.46		)		0.08		(1.52		)		0.15

* Included in Loss on sale/asset impairment for the three and nine months ended September 30, 2011 are transaction costs of $8.4 million and $11.6 million, respectively.

The operating results for the Hussmann Business and Hussmann Branches, which are included in Net revenues and Segment operating income for the Climate Solutions segment, are as follows:

	Three months ended				Nine months ended
In millions	2011		2010		2011		2010
Net revenues	$	281.8	$	319.4	$	781.7	$	839.1
Segment operating income	$	30.1	$	37.3	$	56.1	$	72.7

Schedule of Assets and Liabilities Held for Sale

The components of assets and liabilities recorded as held for sale on the Condensed Consolidated Balance Sheet are as follows:

In millions	September 30, 2011			December 31, 2010
Assets
Current assets	$	66.6		$	225.0
Property, plant and equipment, net	0.3			107.4
Goodwill	—			407.4
Intangible assets, net	—			389.5
Other assets and deferred income taxes	0.1			5.5
Assets held for sale before asset impairment	$	67.0		$	1,134.8
Asset impairment	(23.0		)	—
Assets held for sale	$	44.0		$	1,134.8
Liabilities
Current liabilities	$	43.6		$	106.1
Noncurrent liabilities	0.4			61.0
Liabilities held for sale	$	44.0		$	167.1

Energy Systems Business [Member]

Net Revenues and After Tax Earnings

Net revenues and after-tax earnings of the Energy Systems business for the three and nine months ended September 30 were as follows:

	Three months ended							Nine months ended
In millions	2011			2010				2011		2010
Net revenues	$	—		$	3.9			$	—	$	5.7
After-tax earnings (loss) from operations	$	(0.3	)	$	(9.5	)	*	$	—	$	(12.5	)	*
Gain (loss) on sale, net of tax	(0.2		)	—				—		—
Discontinued operations, net of tax	$	(0.5	)	$	(9.5	)		$	—	$	(12.5	)

* Included in discontinued operations for Energy Systems for the three and nine months ended September 30, 2010 is an after-tax impairment loss of $8.3 million related to the initial write-down of the net assets to their estimated fair value.

KOXKA Divestiture [Member]

Net Revenues and After Tax Earnings

Net revenues and after-tax earnings of the KOXKA business for the three and nine months ended September 30 were as follows:

	Three months ended							Nine months ended
In millions	2011			2010				2011			2010
Net revenues	$	—		$	20.3			$	—		$	56.7
After-tax earnings (loss) from operations	$	(0.3	)	$	(19.5	)	*	$	(1.0	)	$	(68.9	)	*
Gain (loss) on sale, net of tax	—			—				—			—
Discontinued operations, net of tax	$	(0.3	)	$	(19.5	)		$	(1.0	)	$	(68.9	)

* Included in discontinued operations for KOXKA for the three and nine months ended September 30, 2010 is an after-tax impairment loss of $15.1 million and $53.9 million, respectively, related to the write-down of the net assets to their estimated fair value.