Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Comprehensive Income

For the three months ended June 30, 2015



In millions	IR Ireland			IR Limited			IR International			IR Global			IR New Jersey			IR Lux			Other Subsidiaries			Consolidating Adjustments			IR Ireland Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	289.5		$	—		$	3,310.7		$	—		$	3,600.2
Cost of goods sold	—			—			—			—			(180.5		)	—			(2,314.0		)	—			(2,494.5		)
Selling and administrative expenses	(3.8		)	—			—			0.1			(112.4		)	(0.1		)	(537.3		)	—			(653.5		)
Operating income (loss)	(3.8		)	—			—			0.1			(3.4		)	(0.1		)	459.4			—			452.2
Equity earnings (loss) in affiliates, net of tax	91.4			91.4			91.1			(37.4		)	238.2			96.3			49.1			(620.1		)	—
Interest expense	—			—			—			(32.0		)	(12.2		)	(10.6		)	(1.0		)	—			(55.8		)
Intercompany interest and fees	(6.1		)	(0.9		)	(1.3		)	(7.0		)	(64.8		)	(0.7		)	80.8			—			—
Other income/(expense), net	(3.2		)	—			—			—			20.3			—			4.9			—			22.0
Earnings (loss) before income taxes	78.3			90.5			89.8			(76.3		)	178.1			84.9			593.2			(620.1		)	418.4
Benefit (provision) for income taxes	0.8			—			—			14.1			(211.2		)	—			(135.1		)	—			(331.4		)
Earnings (loss) from continuing operations	79.1			90.5			89.8			(62.2		)	(33.1		)	84.9			458.1			(620.1		)	87.0
Earnings (loss) from discontinued operations, net of tax	—			—			—			—			(4.4		)	—			0.3			—			(4.1		)
Net earnings (loss)	79.1			90.5			89.8			(62.2		)	(37.5		)	84.9			458.4			(620.1		)	82.9
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			—			(97.0		)	93.0			(4.0		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	79.1		$	90.5		$	89.8		$	(62.2	)	$	(37.5	)	$	84.9		$	361.4		$	(527.1	)	$	78.9

Total comprehensive income (loss)	140.1			152.0			89.8			(62.1		)	(32.8		)	85.0			514.1			(743.1		)	143.0
Less: Total comprehensive (income) loss attributable to noncontrolling interests	—			—			—			—			—			—			(95.8		)	93.0			(2.8		)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	$	140.1		$	152.0		$	89.8		$	(62.1	)	$	(32.8	)	$	85.0		$	418.3		$	(650.1	)	$	140.2

Condensed Consolidating Statement of Comprehensive Income

For the six months ended June 30, 2015



In millions	IR Ireland			IR Limited			IR International			IR Global			IR New Jersey			IR Lux			Other Subsidiaries			Consolidating Adjustments			IR Ireland Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	566.5		$	—		$	5,921.5		$	—		$	6,488.0
Cost of goods sold	—			—			—			—			(366.9		)	—			(4,214.3		)	—			(4,581.2		)
Selling and administrative expenses	(5.3		)	—			—			—			(228.6		)	(0.4		)	(1,049.2		)	—			(1,283.5		)
Operating income (loss)	(5.3		)	—			—			—			(29.0		)	(0.4		)	658.0			—			623.3
Equity earnings (loss) in affiliates, net of tax	148.8			149.0			149.4			(42.8		)	309.1			107.7			104.7			(925.9		)	—
Interest expense	—			—			—			(63.9		)	(24.3		)	(20.8		)	(1.9		)	—			(110.9		)
Intercompany interest and fees	(11.8		)	(1.8		)	(2.7		)	(13.8		)	(127.2		)	(1.1		)	158.4			—			—
Other income/(expense), net	(2.5		)	—			—			—			31.3			—			(33.2		)	—			(4.4		)
Earnings (loss) before income taxes	129.2			147.2			146.7			(120.5		)	159.9			85.4			886.0			(925.9		)	508.0
Benefit (provision) for income taxes	1.0			—			—			28.2			(188.5		)	—			(199.0		)	—			(358.3		)
Earnings (loss) from continuing operations	130.2			147.2			146.7			(92.3		)	(28.6		)	85.4			687.0			(925.9		)	149.7
Earnings (loss) from discontinued operations, net of tax	—			—			—			—			(13.5		)	—			2.1			—			(11.4		)
Net earnings (loss)	130.2			147.2			146.7			(92.3		)	(42.1		)	85.4			689.1			(925.9		)	138.3
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			—			(115.8		)	107.7			(8.1		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	130.2		$	147.2		$	146.7		$	(92.3	)	$	(42.1	)	$	85.4		$	573.3		$	(818.2	)	$	130.2

Total comprehensive income (loss)	(88.7		)	(71.7		)	146.7			(92.0		)	(33.3		)	85.5			460.1			(488.1		)	(81.5		)
Less: Total comprehensive (income) loss attributable to noncontrolling interests	—			—			—			—			—			—			(114.8		)	107.7			(7.1		)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	$	(88.7	)	$	(71.7	)	$	146.7		$	(92.0	)	$	(33.3	)	$	85.5		$	345.3		$	(380.4	)	$	(88.6	)

Condensed Consolidating Statement of Comprehensive Income

For the three months ended June 30, 2014



In millions	IR Ireland			IR Limited			IR International			IR Global			IR New Jersey			Other Subsidiaries			Consolidating Adjustments			IR Ireland Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	246.2		$	3,296.7		$	—		$	3,542.9
Cost of goods sold	—			—			—			—			(151.9		)	(2,288.0		)	—			(2,439.9		)
Selling and administrative expenses	(20.7		)	—			—			(0.3		)	(89.3		)	(529.4		)	—			(639.7		)
Operating income (loss)	(20.7		)	—			—			(0.3		)	5.0			479.3			—			463.3
Equity earnings (loss) in affiliates, net of tax	330.3			335.1			339.7			204.1			277.0			537.4			(2,023.6		)	—
Interest expense	—			—			(3.9		)	(31.9		)	(12.3		)	(4.9		)	—			(53.0		)
Intercompany interest and fees	(4.1		)	(0.9		)	(2.1		)	0.1			(62.2		)	69.2			—			—
Other income/(expense), net	—			—			(0.4		)	—			—			9.0			—			8.6
Earnings (loss) before income taxes	305.5			334.2			333.3			172.0			207.5			1,090.0			(2,023.6		)	418.9
Benefit (provision) for income taxes	0.3			(0.1		)	—			11.7			15.2			(130.8		)	—			(103.7		)
Earnings (loss) from continuing operations	305.8			334.1			333.3			183.7			222.7			959.2			(2,023.6		)	315.2
Earnings (loss) from discontinued operations, net of tax	0.1			—			—			—			(18.7		)	14.0			—			(4.6		)
Net earnings	305.9			334.1			333.3			183.7			204.0			973.2			(2,023.6		)	310.6
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			(4.6		)	—			(4.6		)
Net earnings attributable to Ingersoll-Rand plc	$	305.9		$	334.1		$	333.3		$	183.7		$	204.0		$	968.6		$	(2,023.6	)	$	306.0

Total comprehensive income	311.1			346.7			333.6			183.8			67.9			1,041.9			(1,969.6		)	315.4
Less: Total comprehensive income attributable to noncontrolling interests	—			—			—			—			—			(4.4		)	0.1			(4.3		)
Total comprehensive income attributable to Ingersoll-Rand plc	$	311.1		$	346.7		$	333.6		$	183.8		$	67.9		$	1,037.5		$	(1,969.5	)	$	311.1

Condensed Consolidating Statement of Comprehensive Income

For the six months ended June 30, 2014



In millions	IR Ireland			IR Limited			IR International			IR Global			IR New Jersey			Other Subsidiaries			Consolidating Adjustments			IR Ireland Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	476.0		$	5,789.9		$	—		$	6,265.9
Cost of goods sold	—			—			—			—			(285.4		)	(4,109.4		)	—			(4,394.8		)
Selling and administrative expenses	(22.8		)	—			—			(0.4		)	(195.6		)	(1,034.0		)	—			(1,252.8		)
Operating income (loss)	(22.8		)	—			—			(0.4		)	(5.0		)	646.5			—			618.3
Equity earnings in affiliates, net of tax	415.3			421.1			430.4			184.6			286.4			595.3			(2,333.1		)	—
Interest expense	—			—			(7.9		)	(63.9		)	(24.6		)	(8.6		)	—			(105.0		)
Intercompany interest and fees	(8.1		)	(1.8		)	(7.8		)	(1.0		)	(87.0		)	105.7			—			—
Other income/(expense), net	0.2			—			3.3			—			13.9			(6.7		)	—			10.7
Earnings (loss) before income taxes	384.6			419.3			418.0			119.3			183.7			1,332.2			(2,333.1		)	524.0
Benefit (provision) for income taxes	0.3			(0.1		)	—			19.5			18.9			(166.9		)	—			(128.3		)
Earnings (loss) from continuing operations	384.9			419.2			418.0			138.8			202.6			1,165.3			(2,333.1		)	395.7
Earnings (loss) from discontinued operations, net of tax	—			—			—			—			(25.2		)	23.5			—			(1.7		)
Net earnings (loss)	384.9			419.2			418.0			138.8			177.4			1,188.8			(2,333.1		)	394.0
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			(9.1		)	—			(9.1		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	384.9		$	419.2		$	418.0		$	138.8		$	177.4		$	1,179.7		$	(2,333.1	)	$	384.9

Total comprehensive income (loss)	354.1			395.8			418.6			139.0			234.8			1,029.6			(2,207.5		)	364.4
Less: Total comprehensive income attributable to noncontrolling interests	—			—			—			—			—			(10.3		)	—			(10.3		)
Total comprehensive income attributable to Ingersoll-Rand plc	$	354.1		$	395.8		$	418.6		$	139.0		$	234.8		$	1,019.3		$	(2,207.5	)	$	354.1

Condensed Consolidating Balance Sheet

June 30, 2015



In millions	IR Ireland		IR Limited		IR International		IR Global		IR New Jersey		IR Lux		Other Subsidiaries		Consolidating Adjustments			IR Ireland Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	—	$	—	$	5.4	$	0.4	$	795.2	$	(21.4	)	$	779.6
Accounts and notes receivable, net	—		—		—		—		178.2		—		2,284.9		—			2,463.1
Inventories	—		—		—		—		213.4		—		1,421.1		—			1,634.5
Other current assets	1.1		—		—		32.3		234.8		—		383.2		—			651.4
Accounts and notes receivable affiliates	129.6		309.5		7,258.1		231.6		729.8		158.4		17,081.9		(25,898.9		)	—
Total current assets	130.7		309.5		7,258.1		263.9		1,361.6		158.8		21,966.3		(25,920.3		)	5,528.6
Investment in affiliates	9,731.3		12,843.3		4,160.5		9,290.4		15,221.7		1,927.9		7,400.9		(60,576.0		)	—
Property, plant and equipment, net	—		—		—		—		451.1		—		1,134.9		—			1,586.0
Goodwill and other intangible assets, net	—		—		—		—		416.2		—		9,364.9		—			9,781.1
Other noncurrent assets	0.2		—		—		203.3		784.3		9.3		648.4		(654.4		)	991.1
Total assets	$	9,862.2	$	13,152.8	$	11,418.6	$	9,757.6	$	18,234.9	$	2,096.0	$	40,515.4	$	(87,150.7	)	$	17,886.8
Current liabilities:
Accounts payable and accruals	$	6.7	$	—	$	—	$	43.1	$	967.3	$	6.0	$	2,796.3	$	(21.4	)	$	3,798.0
Short-term borrowings and current maturities of long-term debt	—		—		—		—		350.5		293.0		16.2		—			659.7
Accounts and note payable affiliates	4,027.9		751.1		0.2		442.0		10,835.4		573.2		9,268.4		(25,898.2		)	—
Total current liabilities	4,034.6		751.1		0.2		485.1		12,153.2		872.2		12,080.9		(25,919.6		)	4,457.7
Long-term debt	—		—		—		2,296.2		342.1		1,095.5		0.8		—			3,734.6
Other noncurrent liabilities	—		—		3.8		3.3		1,416.3		—		3,038.0		(654.4		)	3,807.0
Total liabilities	4,034.6		751.1		4.0		2,784.6		13,911.6		1,967.7		15,119.7		(26,574.0		)	11,999.3
Equity:
Total equity	5,827.6		12,401.7		11,414.6		6,973.0		4,323.3		128.3		25,395.7		(60,576.7		)	5,887.5
Total liabilities and equity	$	9,862.2	$	13,152.8	$	11,418.6	$	9,757.6	$	18,234.9	$	2,096.0	$	40,515.4	$	(87,150.7	)	$	17,886.8

Condensed Consolidating Balance Sheet

December 31, 2014



In millions	IR Ireland		IR Limited		IR International		IR Global		IR New Jersey		IR Lux		Other Subsidiaries		Consolidating Adjustments			IR Ireland Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	—	$	—	$	425.4	$	—	$	1,279.8	$	—		$	1,705.2
Accounts and notes receivable, net	—		—		—		—		147.0		—		1,972.0		—			2,119.0
Inventories	—		—		—		—		106.1		—		1,252.8		—			1,358.9
Other current assets	0.1		—		—		31.0		126.9		—		366.8		—			524.8
Accounts and notes receivable affiliates	48.6		309.5		8,227.0		306.0		4,788.2		50.7		21,832.6		(35,562.6		)	—
Total current assets	48.7		309.5		8,227.0		337.0		5,593.6		50.7		26,704.0		(35,562.6		)	5,707.9
Investment in affiliates	9,738.8		12,913.2		4,011.0		9,333.0		15,028.4		1,699.9		8,645.5		(61,369.8		)	—
Property, plant and equipment, net	—		—		—		—		324.7		—		1,152.3		—			1,477.0
Goodwill and other intangible assets, net	—		—		—		—		66.6		—		9,107.1		—			9,173.7
Other noncurrent assets	0.2		—		—		176.7		731.7		9.6		595.4		(573.7		)	939.9
Total assets	$	9,787.7	$	13,222.7	$	12,238.0	$	9,846.7	$	21,745.0	$	1,760.2	$	46,204.3	$	(97,506.1	)	$	17,298.5
Current liabilities:
Accounts payable and accruals	$	7.9	$	—	$	—	$	26.6	$	495.8	$	8.1	$	2,645.0	$	—		$	3,183.4
Short-term borrowings and current maturities of long-term debt	—		—		—		—		350.5		100.0		32.2		—			482.7
Accounts and note payable affiliates	3,792.4		749.2		966.4		441.3		14,779.8		514.1		14,319.5		(35,562.7		)	—
Total current liabilities	3,800.3		749.2		966.4		467.9		15,626.1		622.2		16,996.7		(35,562.7		)	3,666.1
Long-term debt	—		—		—		2,296.1		349.6		1,095.1		0.9		—			3,741.7
Other noncurrent liabilities	—		—		3.8		2.7		1,471.6		—		2,940.9		(573.7		)	3,845.3
Total liabilities	3,800.3		749.2		970.2		2,766.7		17,447.3		1,717.3		19,938.5		(36,136.4		)	11,253.1
Equity:
Total equity	5,987.4		12,473.5		11,267.8		7,080.0		4,297.7		42.9		26,265.8		(61,369.7		)	6,045.4
Total liabilities and equity	$	9,787.7	$	13,222.7	$	12,238.0	$	9,846.7	$	21,745.0	$	1,760.2	$	46,204.3	$	(97,506.1	)	$	17,298.5

Condensed Consolidating Statement of Cash Flows

For the six months ended June 30, 2015



In millions	IR Ireland			IR Limited		IR International		IR Global			IR New Jersey			IR Lux			Other Subsidiaries			Consolidating Adjustments			IR Ireland Consolidated
Net cash provided by (used in) continuing operating activities	$	(7.8	)	$	—	$	—	$	(63.9	)	$	(188.0	)	$	(21.2	)	$	501.8		$	(37.2	)	$	183.7
Net cash used in discontinued operating activities	—			—		—		—			(13.5		)	—			(0.2		)	—			(13.7		)
Net cash provided by (used in) operating activities	(7.8		)	—		—		(63.9		)	(201.5		)	(21.2		)	501.6			(37.2		)	170.0
Cash flows from investing activities:
Capital expenditures	—			—		—		—			(58.2		)	—			(57.1		)	—			(115.3		)
Acquisition of businesses, net of cash acquired	—			—		—		—			(448.1		)	—			(493.6		)	—			(941.7		)
Proceeds from sale of property, plant and equipment	—			—		—		—			—			—			5.7			—			5.7
Net cash used in continuing investing activities	—			—		—		—			(506.3		)	—			(545.0		)	—			(1,051.3		)
Cash flows from financing activities:
Net proceeds (repayments) in debt	—			—		—		—			(7.5		)	184.7			(16.2		)				161.0
Net inter-company proceeds (payments)	113.8			—		—		63.9			295.3			(163.1		)	(309.9		)				—
Dividends paid to ordinary shareholders	(151.3		)	—		—		—			—			—			(15.8		)	15.8			(151.3		)
Dividends paid to noncontrolling interests	—			—		—		—			—			—			(5.2		)	—			(5.2		)
Other financing activities, net	45.3			—		—		—			—			—			—						45.3
Net cash provided by (used in) continuing financing activities	7.8			—		—		63.9			287.8			21.6			(347.1		)	15.8			49.8
Effect of exchange rate changes on cash and cash equivalents	—			—		—		—			—			—			(94.1		)	—			(94.1		)
Net increase (decrease) in cash and cash equivalents	—			—		—		—			(420.0		)	0.4			(484.6		)	(21.4		)	(925.6		)
Cash and cash equivalents - beginning of period	—			—		—		—			425.4			—			1,279.8			—			1,705.2
Cash and cash equivalents - end of period	$	—		$	—	$	—	$	—		$	5.4		$	0.4		$	795.2		$	(21.4	)	$	779.6

Condensed Consolidating Statement of Cash Flows

For the six months ended June 30, 2014



In millions	IR Ireland			IR Limited		IR International			IR Global			IR New Jersey			Other Subsidiaries			Consolidating Adjustments			IR Ireland Consolidated
Net cash provided by (used in) continuing operating activities	$	(22.6	)	$	—	$	(4.6	)	$	(64.3	)	$	146.1		$	1,058.5		$	(926.1	)	$	187.0
Net cash provided by (used in) discontinued operating activities	—			—		—			—			(64.8		)	9.0			—			(55.8		)
Net cash provided by (used in) operating activities	(22.6		)	—		(4.6		)	(64.3		)	81.3			1,067.5			(926.1		)	131.2
Cash flows from investing activities:
Capital expenditures	—			—		—			—			(38.9		)	(53.7		)	—			(92.6		)
Acquisition of businesses, net of cash acquired	—			—		—			—			—			(6.8		)	—			(6.8		)
Proceeds from sale of property, plant and equipment	—			—		—			—			0.9			2.0			—			2.9
Proceeds from business disposition, net of cash sold	—			—		—			—			—			2.0			—			2.0
Dividends received from equity investment	—			—		—			—			—			30.3			—			30.3
Net cash provided by (used in) continuing investing activities	—			—		—			—			(38.0		)	(26.2		)	—			(64.2		)
Cash flows from financing activities:
Net proceeds (repayments) in debt	—			—		—			38.5			(7.5		)	8.0			—			39.0
Net inter-company proceeds (payments)	1,099.5			—		4.6			(947.0		)	746.0			(903.1		)	—			—
Dividends paid to ordinary shareholders	(132.8		)	—		—			—			(734.1		)	(192.0		)	926.1			(132.8		)
Dividends paid to noncontrolling interests	—			—		—			—			—			(14.9		)	—			(14.9		)
Proceeds from shares issued under incentive plans	—			—		—			—			—			—			—			—
Repurchase of ordinary shares	(1,012.8		)	—		—			—			—			—			—			(1,012.8		)
Other financing activities, net	68.7			—		—			(2.4		)	—			—			—			66.3
Net cash provided by (used in) continuing financing activities	22.6			—		4.6			(910.9		)	4.4			(1,102.0		)	926.1			(1,055.2		)
Effect of exchange rate changes on cash and cash equivalents	—			—		—			—			—			(19.2		)	—			(19.2		)
Net increase (decrease) in cash and cash equivalents	—			—		—			(975.2		)	47.7			(79.9		)	—			(1,007.4		)
Cash and cash equivalents - beginning of period	—			—		—			975.3			59.6			902.3			—			1,937.2
Cash and cash equivalents - end of period	$	—		$	—	$	—		$	0.1		$	107.3		$	822.4		$	—		$	929.8