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Equity (Tables)
 6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Reconciliation of Ordinary Shares
Changes in ordinary shares and treasury shares for the six months ended June 30, 2015 are as follows:
In millions
Ordinary shares issued
 
Ordinary shares held in treasury
December 31, 2014
266.3

 
3.4

Shares issued under incentive plans, net
2.4

 
—

June 30, 2015
268.7

 
3.4
Components Of Shareholders Equity Rollforward
The components of Equity for the six months ended June 30, 2015 were as follows:
In millions
IR-Ireland
shareholders’
equity
 
Noncontrolling
interests
 
Total
equity
Balance at December 31, 2014
$
5,987.4

 
$
58.0

 
$
6,045.4

Net earnings
130.2

 
8.1

 
138.3

Currency translation
(243.8
)
 
(1.0
)
 
(244.8
)
Change in value of derivatives qualifying as cash flow hedges, net of tax
1.4

 
—

 
1.4

Pension and OPEB adjustments, net of tax
23.6

 
—

 
23.6

Total comprehensive income (loss)
(88.6
)
 
7.1

 
(81.5
)
Share-based compensation
36.9

 
—

 
36.9

Dividends declared to noncontrolling interests
—

 
(5.2
)
 
(5.2
)
Dividends declared to ordinary shareholders
(153.4
)
 
—

 
(153.4
)
Shares issued under incentive plans, net
45.3

 
—

 
45.3

Balance at June 30, 2015
$
5,827.6

 
$
59.9

 
$
5,887.5

The components of Equity for the six months ended June 30, 2014 were as follows:
In millions
IR-Ireland
shareholders’
equity
 
Noncontrolling
interests
 
Total
equity
Balance at December 31, 2013
$
7,068.9

 
$
62.4

 
$
7,131.3

Net earnings
384.9

 
9.1

 
394.0

Currency translation
(44.1
)
 
1.1

 
(43.0
)
Change in value of derivatives qualifying as cash flow hedges, net of tax
3.6

 
—

 
3.6

Pension and OPEB adjustments, net of tax
9.8

 
—

 
9.8

Total comprehensive income
354.2

 
10.2

 
364.4

Share-based compensation
38.7

 
—

 
38.7

Dividends declared to noncontrolling interests
—

 
(14.8
)
 
(14.8
)
Dividends declared to ordinary shareholders
(135.3
)
 
—

 
(135.3
)
Shares issued under incentive plans, net
68.6

 
—

 
68.6

Repurchase of ordinary shares
(1,012.8
)
 
—

 
(1,012.8
)
Balance at June 30, 2014
$
6,382.3

 
$
57.8

 
$
6,440.1
Schedule of Accumulated Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2015 are as follows:
In millions
 
Cash flow hedges
 
Pension and OPEB Items
 
Foreign Currency Items
 
Total
Balance at December 31, 2014
 
$
3.1

 
$
(665.1
)
 
$
(52.3
)
 
$
(714.3
)
Other comprehensive income before reclassifications
 
0.3

 
6.5

 
(243.8
)
 
(237.0
)
Amounts reclassified from accumulated other comprehensive income
 
1.6

 
28.3

 
—

 
29.9

Provision for income taxes
 
(0.5
)
 
(11.2
)
 
—

 
(11.7
)
Net current period other comprehensive income (loss)
 
$
1.4

 
$
23.6

 
$
(243.8
)
 
$
(218.8
)
Balance at June 30, 2015
 
$
4.5

 
$
(641.5
)
 
$
(296.1
)
 
$
(933.1
)
The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2014 are as follows:
In millions
 
Cash flow hedges
 
Pension and OPEB Items
 
Foreign Currency Items
 
Total
Balance at December 31, 2013
 
$
0.4

 
$
(562.8
)
 
$
395.7

 
$
(166.7
)
Other comprehensive income before reclassifications
 
1.6

 
(3.1
)
 
(44.1
)
 
(45.6
)
Amounts reclassified from accumulated other comprehensive income
 
2.5

 
19.4

 
—

 
21.9

Provision for income taxes
 
(0.5
)
 
(6.5
)
 
—

 
(7.0
)
Net current period other comprehensive income (loss)
 
$
3.6

 
$
9.8

 
$
(44.1
)
 
$
(30.7
)
Balance at June 30, 2014
 
$
4.0

 
$
(553.0
)
 
$
351.6

 
$
(197.4
)
Equity
The reclassifications out of Accumulated other comprehensive income (loss) for the three and six months ended June 30 were as follows:
 
 
Three months ended
 
Six months ended
In millions
 
2015
 
2014
 
2015
 
2014
Cash flow hedges
 
 
 
 
 
 
 
 
Reclassifications of deferred losses (1)
 
$
0.7

 
$
0.8

 
$
1.6

 
$
2.5

Provision for income taxes
 
—

 
—

 
—

 
—

Reclassifications, net of taxes
 
$
0.7

 
$
0.8

 
$
1.6

 
$
2.5

 
 
 
 
 
 
 
 
 
Pension and Postretirement benefits
 
 
 
 
 
 
 
 
Amortization of service costs (2)
 
$
(1.4
)
 
$
(1.2
)
 
$
(2.8
)
 
$
(2.3
)
Amortization of actuarial losses (2)
 
15.6

 
9.0

 
31.1

 
18.0

Reclassifications of settlements or curtailments (2)
 
—

 
3.7

 
—

 
3.7

Provision for income taxes
 
(4.7
)
 
(4.0
)
 
(11.2
)
 
(6.5
)
Reclassifications, net of taxes
 
$
9.5

 
$
7.5

 
$
17.1

 
$
12.9

 
 
 
 
 
 
 
 
 
Total reclassifications, net of provision for income taxes
 
$
10.2

 
$
8.3

 
$
18.7

 
$
15.4

(1) Reclassifications of interest rate swaps and locks are reflected within interest expense; reclassifications of foreign exchange swaps are reflected in cost of goods sold.
(2) Reclassifications of pension and postretirement amounts are included in periodic pension costs and periodic benefit costs.
i