Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Comprehensive Income



In millions	Plc			Irish Holdings			Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	321.8		$	—		$	3,455.2		$	(88.8	)	$	3,688.2
Cost of goods sold	—			—			—			—			(244.8		)	—			(2,356.3		)	88.8			(2,512.3		)
Selling and administrative expenses	(5.3		)	—			—			—			(115.9		)	(0.1		)	(549.4		)	—			(670.7		)
Operating income (loss)	(5.3		)	—			—			—			(38.9		)	(0.1		)	549.5			—			505.2
Equity earnings (loss) in subsidiaries, net of tax	770.0			768.0			736.7			249.8			349.2			74.7			—			(2,948.4		)	—
Interest expense	—			—			—			(31.8		)	(12.0		)	(11.0		)	(1.7		)	—			(56.5		)
Intercompany interest and fees	(17.6		)	—			(9.5		)	(41.9		)	(69.4		)	(1.7		)	140.1			—			—
Other income/(expense), net	—			—			—			—			(1.1		)	—			404.1			—			403.0
Earnings (loss) before income taxes	747.1			768.0			727.2			176.1			227.8			61.9			1,092.0			(2,948.4		)	851.7
Benefit (provision) for income taxes	0.5			—			—			26.9			29.8			—			(149.7		)	—			(92.5		)
Earnings (loss) from continuing operations	747.6			768.0			727.2			203.0			257.6			61.9			942.3			(2,948.4		)	759.2
Discontinued operations, net of tax	—			—			—			—			(7.2		)	—			0.4			—			(6.8		)
Net earnings (loss)	747.6			768.0			727.2			203.0			250.4			61.9			942.7			(2,948.4		)	752.4
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			—			(4.8		)	—			(4.8		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	747.6		$	768.0		$	727.2		$	203.0		$	250.4		$	61.9		$	937.9		$	(2,948.4	)	$	747.6

Other comprehensive income (loss), net of tax	(75.0		)	(75.0		)	(72.0		)	(27.9		)	(28.0		)	(3.3		)	(67.6		)	273.8			(75.0		)
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	672.6		$	693.0		$	655.2		$	175.1		$	222.4		$	58.6		$	870.3		$	(2,674.6	)	$	672.6

Condensed Consolidating Statement of Comprehensive Income

For the six months ended June 30, 2016



In millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	638.3		$	—		$	6,122.0		$	(178.0	)	$	6,582.3
Cost of goods sold	—			—		—			—			(486.9		)	—			(4,250.4		)	178.0			(4,559.3		)
Selling and administrative expenses	(6.8		)	—		(0.1		)	—			(248.6		)	(0.3		)	(1,044.7		)	—			(1,300.5		)
Operating income (loss)	(6.8		)	—		(0.1		)	—			(97.2		)	(0.3		)	826.9			—			722.5
Equity earnings (loss) in subsidiaries, net of tax	937.5			925.8		871.7			288.2			453.0			92.4			—			(3,568.6		)	—
Interest expense	—			—		—			(63.7		)	(24.1		)	(22.2		)	(3.2		)	—			(113.2		)
Intercompany interest and fees	(31.5		)	—		(19.6		)	(78.8		)	(141.0		)	(3.0		)	273.9			—			—
Other income/(expense), net	0.1			—		—			—			(2.6		)	—			415.5			—			413.0
Earnings (loss) before income taxes	899.3			925.8		852.0			145.7			188.1			66.9			1,513.1			(3,568.6		)	1,022.3
Benefit (provision) for income taxes	0.7			—		—			51.9			82.8			—			(269.8		)	—			(134.4		)
Earnings (loss) from continuing operations	900.0			925.8		852.0			197.6			270.9			66.9			1,243.3			(3,568.6		)	887.9
Discontinued operations, net of tax	—			—		—			—			17.9			—			2.2			—			20.1
Net earnings (loss)	900.0			925.8		852.0			197.6			288.8			66.9			1,245.5			(3,568.6		)	908.0
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(8.0		)	—			(8.0		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	900.0		$	925.8	$	852.0		$	197.6		$	288.8		$	66.9		$	1,237.5		$	(3,568.6	)	$	900.0

Other comprehensive income (loss), net of tax	67.0			66.9		53.2			26.7			26.4			0.6			121.2			(295.0		)	67.0
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	967.0		$	992.7	$	905.2		$	224.3		$	315.2		$	67.5		$	1,358.7		$	(3,863.6	)	$	967.0



In millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	362.8		$	—		$	3,336.9		$	(99.5	)	$	3,600.2
Cost of goods sold	—			—		—			—			(253.8		)	—			(2,340.2		)	99.5			(2,494.5		)
Selling and administrative expenses	(7.1		)	—		—			0.1			(92.3		)	(0.1		)	(554.1		)	—			(653.5		)
Operating income (loss)	(7.1		)	—		—			0.1			16.7			(0.1		)	442.6			—			452.2
Equity earnings (loss) in subsidiaries, net of tax	91.3			90.4		58.4			(32.1		)	243.6			13.4			—			(465.0		)	—
Interest expense	—			—		—			(32.0		)	(12.2		)	(10.6		)	(1.0		)	—			(55.8		)
Intercompany interest and fees	(6.2		)	—		(5.3		)	(7.0		)	(64.9		)	(0.6		)	84.0			—			—
Other income/(expense), net	0.1			—		0.1			—			0.1			—			21.7			—			22.0
Earnings (loss) before income taxes	78.1			90.4		53.2			(71.0		)	183.3			2.1			547.3			(465.0		)	418.4
Benefit (provision) for income taxes	0.8			—		—			14.1			(211.2		)	—			(135.1		)	—			(331.4		)
Earnings (loss) from continuing operations	78.9			90.4		53.2			(56.9		)	(27.9		)	2.1			412.2			(465.0		)	87.0
Discontinued operations, net of tax	—			—		—			—			(4.4		)	—			0.3			—			(4.1		)
Net earnings (loss)	78.9			90.4		53.2			(56.9		)	(32.3		)	2.1			412.5			(465.0		)	82.9
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(4.0		)	—			(4.0		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	78.9		$	90.4	$	53.2		$	(56.9	)	$	(32.3	)	$	2.1		$	408.5		$	(465.0	)	$	78.9

Other comprehensive income (loss), net of tax	61.3			61.6		45.8			6.3			6.1			4.3			39.7			(163.8		)	61.3
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	140.2		$	152.0	$	99.0		$	(50.6	)	$	(26.2	)	$	6.4		$	448.2		$	(628.8	)	$	140.2

Condensed Consolidating Statement of Comprehensive Income

For the six months ended June 30, 2015



in millions	Plc			Irish Holdings			Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	707.5		$	—		$	5,976.5		$	(196.0	)	$	6,488.0
Cost of goods sold	—			—			—			—			(507.9		)	—			(4,269.3		)	196.0			(4,581.2		)
Selling and administrative expenses	(8.9		)	—			—			—			(198.7		)	(0.4		)	(1,075.5		)	—			(1,283.5		)
Operating income (loss)	(8.9		)	—			—			—			0.9			(0.4		)	631.7			—			623.3
Equity earnings (loss) in subsidiaries, net of tax	148.8			146.7			84.3			(43.1		)	308.0			20.5			—			(665.2		)	—
Interest expense	—			—			—			(63.9		)	(24.3		)	(20.8		)	(1.9		)	—			(110.9		)
Intercompany interest and fees	(11.8		)	—			(10.5		)	(13.8		)	(127.2		)	(1.1		)	164.4			—			—
Other income/(expense), net	1.1			—			0.1			—			1.4			—			(7.0		)	—			(4.4		)
Earnings (loss) before income taxes	129.2			146.7			73.9			(120.8		)	158.8			(1.8		)	787.2			(665.2		)	508.0
Benefit (provision) for income taxes	1.0			—			—			28.2			(188.5		)	—			(199.0		)	—			(358.3		)
Earnings (loss) from continuing operations	130.2			146.7			73.9			(92.6		)	(29.7		)	(1.8		)	588.2			(665.2		)	149.7
Discontinued operations, net of tax	—			—			—			—			(13.5		)	—			2.1			—			(11.4		)
Net earnings (loss)	130.2			146.7			73.9			(92.6		)	(43.2		)	(1.8		)	590.3			(665.2		)	138.3
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			—			(8.1		)	—			(8.1		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	130.2		$	146.7		$	73.9		$	(92.6	)	$	(43.2	)	$	(1.8	)	$	582.2		$	(665.2	)	$	130.2

Other comprehensive income (loss), net of tax	(218.8		)	(218.4		)	(193.0		)	(0.4		)	(0.6		)	(20.4		)	(167.3		)	600.1			(218.8		)
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	(88.6	)	$	(71.7	)	$	(119.1	)	$	(93.0	)	$	(43.8	)	$	(22.2	)	$	414.9		$	(65.1	)	$	(88.6	)

Condensed Consolidating Balance Sheet

June 30, 2016



In millions	Plc		Irish Holdings		Lux International			Global Holding		New Jersey		Lux Finance			Other Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	—	$	—		$	—	$	216.5	$	—		$	712.3	$	—		$	928.8
Accounts and notes receivable, net	—		—		—			—		159.0		—			2,339.0		—			2,498.0
Inventories, net	—		—		—			—		216.3		—			1,385.0		—			1,601.3
Other current assets	1.0		—		—			10.4		164.5		—			231.0		(42.0		)	364.9
Intercompany receivables	172.4		—		6.6			412.4		2,955.8		—			16,336.6		(19,883.8		)	—
Total current assets	173.4		—		6.6			422.8		3,712.1		—			21,003.9		(19,925.8		)	5,393.0
Property, plant and equipment, net	—		—		—			—		457.8		—			1,103.0		—			1,560.8
Goodwill and other intangible assets, net	—		—		—			—		421.7		—			9,208.2		—			9,629.9
Other noncurrent assets	0.2		—		—			274.7		717.8		—			549.9		(695.8		)	846.8
Investments in consolidated subsidiaries	11,777.6		1,125.2		14,650.7			6,883.6		14,694.6		1,679.1			—		(50,810.8		)	—
Intercompany notes receivable	—		18,048.4		—			—		—		—			3,851.8		(21,900.2		)	—
Total assets	$	11,951.2	$	19,173.6	$	14,657.3		$	7,581.1	$	20,004.0	$	1,679.1		$	35,716.8	$	(93,332.6	)	$	17,430.5
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	6.9	$	—	$	0.2		$	65.8	$	596.1	$	7.1		$	2,771.0	$	(41.2	)	$	3,405.9
Short-term borrowings and current maturities of long-term debt	—		—		—			—		350.4		—			10.8		—			361.2
Intercompany payables	5,529.9		—		4,016.6			1,062.5		8,504.7		668.6			101.6		(19,883.9		)	—
Total current liabilities	5,536.8		—		4,016.8			1,128.3		9,451.2		675.7			2,883.4		(19,925.1		)	3,767.1
Long-term debt	—		—		—			2,285.5		334.2		1,087.7			17.4		—			3,724.8
Other noncurrent liabilities	—		—		—			8.6		1,329.8		—			2,818.3		(696.1		)	3,460.6
Intercompany notes payable	—		—		18,048.4			1,817.2		2,034.6		—			—		(21,900.2		)	—
Total liabilities	5,536.8		—		22,065.2			5,239.6		13,149.8		1,763.4			5,719.1		(42,521.4		)	10,952.5
Equity:
Total equity	6,414.4		19,173.6		(7,407.9		)	2,341.5		6,854.2		(84.3		)	29,997.7		(50,811.2		)	6,478.0
Total liabilities and equity	$	11,951.2	$	19,173.6	$	14,657.3		$	7,581.1	$	20,004.0	$	1,679.1		$	35,716.8	$	(93,332.6	)	$	17,430.5

Condensed Consolidating Balance Sheet

December 31, 2015



In millions	Plc		Irish Holdings		Lux International			Global Holding		New Jersey		Lux Finance			Other Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	—	$	—		$	11.4	$	—	$	0.1		$	725.3	$	—		$	736.8
Accounts and notes receivable, net	—		—		—			—		160.7		—			1,989.9		—			2,150.6
Inventories, net	—		—		—			—		192.0		—			1,218.7		—			1,410.7
Other current assets	0.1		—		—			6.4		83.3		—			237.5		(16.0		)	311.3
Intercompany receivables	136.8		—		3.3			102.2		1,413.4		—			35,404.3		(37,060.0		)	—
Total current assets	136.9		—		3.3			120.0		1,849.4		0.1			39,575.7		(37,076.0		)	4,609.4
Property, plant and equipment, net	—		—		—			—		463.0		—			1,112.1		—			1,575.1
Goodwill and other intangible assets, net	—		—		—			—		411.6		—			9,244.7		—			9,656.3
Other noncurrent assets	0.2		—		—			283.8		733.4		—			568.4		(709.0		)	876.8
Investments in consolidated subsidiaries	10,139.0		20,387.2		13,419.7			6,438.1		13,925.1		1,583.2			—		(65,892.3		)	—
Intercompany notes receivable	—		—		—			—		—		—			2,876.7		(2,876.7		)	—
Total assets	$	10,276.1	$	20,387.2	$	13,423.0		$	6,841.9	$	17,382.5	$	1,583.3		$	53,377.6	$	(106,554.0	)	$	16,717.6
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	7.1		—		0.1			30.7		597.6		6.3			2,518.3		(15.9		)	3,144.2
Short-term borrowings and current maturities of long-term debt	—		—		—			—		350.4		143.0			10.8		—			504.2
Intercompany payables	4,452.3		143.6		23,529.0			1,997.8		5,858.1		745.5			334.0		(37,060.3		)	—
Total current liabilities	4,459.4		143.6		23,529.1			2,028.5		6,806.1		894.8			2,863.1		(37,076.2		)	3,648.4
Long-term debt	—		—		—			2,284.4		341.6		1,086.9			0.7		—			3,713.6
Other noncurrent liabilities	—		—		—			8.3		1,367.9		—			2,809.1		(708.9		)	3,476.4
Intercompany notes payable	—		—		—			429.0		2,447.7		—			—		(2,876.7		)	—
Total liabilities	4,459.4		143.6		23,529.1			4,750.2		10,963.3		1,981.7			5,672.9		(40,661.8		)	10,838.4
Equity:
Total equity	5,816.7		20,243.6		(10,106.1		)	2,091.7		6,419.2		(398.4		)	47,704.7		(65,892.2		)	5,879.2
Total liabilities and equity	$	10,276.1	$	20,387.2	$	13,423.0		$	6,841.9	$	17,382.5	$	1,583.3		$	53,377.6	$	(106,554.0	)	$	16,717.6

Condensed Consolidating Statement of Cash Flows

For the six months ended June 30, 2016



in millions	Plc			Irish Holdings			Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) continuing operating activities	$	(40.4	)	$	—		$	(11.4	)	$	(134.7	)	$	247.5		$	(20.8	)	$	354.3		$	—		$	394.5
Net cash provided by (used in) discontinued operating activities	—			—			—			—			18.7			—			6.5			—			25.2
Net cash provided by (used in) operating activities	(40.4		)	—			(11.4		)	(134.7		)	266.2			(20.8		)	360.8			—			419.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	—			—			—			—			(39.0		)	—			(44.0		)	—			(83.0		)
Acquisition of businesses, net of cash acquired	—			—			—			—			(9.2		)	—			—			—			(9.2		)
Proceeds from sale of property, plant and equipment	—			—			—			—			—			—			2.4			—			2.4
Proceeds from sale of Hussmann equity investment	—			—			—			—			—			—			422.5			—			422.5
Intercompany investing activities, net	(160.0		)	(19,535.7		)	(3.5		)	(314.8		)	65.7			243.7			(919.3		)	20,623.9			—
Net cash provided by (used in) investing activities	(160.0		)	(19,535.7		)	(3.5		)	(314.8		)	17.5			243.7			(538.4		)	20,623.9			332.7
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds (repayments) in debt	—			—			—			—			(7.6		)	(143.0		)	—			—			(150.6		)
Debt issuance costs	—			—			—			(2.1		)	—			—			—			—			(2.1		)
Dividends paid to ordinary shareholders	(162.5		)	—			—			—			—			—			—			—			(162.5		)
Dividends paid to noncontrolling interests	—			—			—			—			—			—			(6.7		)	—			(6.7		)
Repurchase of ordinary shares	(250.1		)	—			—			—			—			—			—			—			(250.1		)
Other financing activities, net	9.2			—			—			—			—			—			—			—			9.2
Intercompany financing activities, net	603.8			19,535.7			14.9			440.2			(59.6		)	(80.0		)	168.9			(20,623.9		)	—
Net cash provided by (used in) financing activities	200.4			19,535.7			14.9			438.1			(67.2		)	(223.0		)	162.2			(20,623.9		)	(562.8		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—			—			2.4			—			2.4
Net increase (decrease) in cash and cash equivalents	—			—			—			(11.4		)	216.5			(0.1		)	(13.0		)	—			192.0
Cash and cash equivalents - beginning of period	—			—			—			11.4			—			0.1			725.3			—			736.8
Cash and cash equivalents - end of period	$	—		$	—		$	—		$	—		$	216.5		$	—		$	712.3		$	—		$	928.8

Condensed Consolidating Statement of Cash Flows

For the six months ended June 30, 2015



in millions	Plc			Irish Holdings			Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) continuing operating activities	$	(37.0	)	$	(1.2	)	$	(10.7	)	$	(61.3	)	$	(984.1	)	$	(14.8	)	$	1,292.8		$	—		$	183.7
Net cash provided by (used in) discontinued operating activities	—			—			—			—			(13.5		)	—			(0.2		)	—			$	(13.7	)
Net cash provided by (used in) operating activities	(37.0		)	(1.2		)	(10.7		)	(61.3		)	(997.6		)	(14.8		)	1,292.6			—			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
Intercompany investing activities, net	—			1.2			73.3			228.2			54.8			(228.0		)	(1,002.1		)	872.6			—
Net cash provided by (used in) investing activities	—			1.2			73.3			228.2			(451.5		)	(228.0		)	(1,547.1		)	872.6			(1,051.3		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds (repayments) in debt	—			—			—			—			(7.5		)	184.7			(16.2		)	—			161.0
Dividends paid to ordinary shareholders	(151.3		)	—			—			—			—			—			—			—			(151.3		)
Dividends paid to noncontrolling interests	—			—			—			—			—			—			(5.2		)	—			(5.2		)
Other financing activities, net	45.3			—			—			—			—			—			—			—			45.3
Intercompany financing activities, net	143.0			—			(63.7		)	(166.9		)	1,031.2			58.5			(129.5		)	(872.6		)	—
Net cash provided by (used in) financing activities	37.0			—			(63.7		)	(166.9		)	1,023.7			243.2			(150.9		)	(872.6		)	49.8
Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—			—			(94.1		)	—			(94.1		)
Net increase (decrease) in cash and cash equivalents	—			—			(1.1		)	—			(425.4		)	0.4			(499.5		)	—			(925.6		)
Cash and cash equivalents - beginning of period	—			—			1.1			—			425.4			—			1,278.7			—			1,705.2
Cash and cash equivalents - end of period	$	—		$	—		$	—		$	—		$	—		$	0.4		$	779.2		$	—		$	779.6