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Equity
12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
EQUITY
Ordinary Shares
The changes in ordinary shares and treasury shares for the year ended December 31, 2014 are as follows:
In millions
Ordinary shares issued
 
Ordinary shares held in treasury
December 31, 2013
282.7

 

Shares issued under incentive plans
3.2

 

Repurchase of ordinary shares
(19.6
)
 
3.4

December 31, 2014
266.3

 
3.4


During 2014, the Company repurchased 23.0 million shares for $1.4 billion. Shares repurchased prior to October 2014 were canceled upon repurchase and accounted for as a reduction of Ordinary shares and Capital in excess of par value, or Retained earnings to the extent Capital in excess of par value was exhausted. Beginning in October 2014, repurchased shares were held in treasury and recognized at cost. Ordinary shares held in treasury are presented separately on the balance sheet as a reduction to Equity.
The authorized share capital of IR-Ireland is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at December 31, 2014 or 2013.
Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss) are as follows:
In millions
 
Cash flow hedges
 
Pension and OPEB Items
 
Foreign Currency Items
 
Total
December 31, 2012
 
$
(1.4
)
 
$
(964.2
)
 
$
444.6

 
$
(521.0
)
Other comprehensive income (loss) attributable to Ingersoll-Rand plc
 
19.7

 
263.3

 
11.7

 
294.7

Impact of spin-off and other activities
 
$
(17.9
)
 
$
138.1

 
$
(60.6
)
 
$
59.6

December 31, 2013
 
$
0.4

 
$
(562.8
)
 
$
395.7

 
$
(166.7
)
Other comprehensive income (loss) attributable to Ingersoll-Rand plc
 
2.7

 
(102.3
)
 
(448.0
)
 
(547.6
)
December 31, 2014
 
$
3.1

 
$
(665.1
)
 
$
(52.3
)
 
$
(714.3
)

The amounts of Other comprehensive income (loss) attributable to noncontrolling interests are as follows:
In millions
 
2014
 
2013
 
2012
Pension and OPEB adjustments
 
$

 
$

 
$
(1.3
)
Currency translation
 
(2.2
)
 
3.3

 
(11.1
)
Other comprehensive income (loss) attributable to noncontrolling interests
 
$
(2.2
)
 
$
3.3

 
$
(12.4
)