Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2017

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	$	—		$	—	$	—		$	—		$	325.5		$	—		$	3,436.3		$	(91.3	)	$	3,670.5
Cost of goods sold	—			—		—			—			(231.6		)	—			(2,349.6		)	91.3			(2,489.9		)
Selling and administrative expenses	(3.8		)	—		—			—			(86.2		)	(0.1		)	(584.4		)	—			(674.5		)
Operating income (loss)	(3.8		)	—		—			—			7.7			(0.1		)	502.3			—			506.1
Equity earnings (loss) in subsidiaries, net of tax	380.2			377.6		363.6			255.5			316.6			26.1			—			(1,719.6		)	—
Interest expense	—			—		—			(31.7		)	(11.8		)	(10.2		)	(0.2		)	—			(53.9		)
Intercompany interest and fees	(9.4		)	—		(9.7		)	(44.9		)	(80.5		)	(2.1		)	146.6			—			—
Other income/(expense), net	—			—		0.1			—			(4.2		)	—			(3.5		)	—			(7.6		)
Earnings (loss) before income taxes	367.0			377.6		354.0			178.9			227.8			13.7			645.2			(1,719.6		)	444.6
Benefit (provision) for income taxes	—			—		—			28.0			24.3			—			(128.7		)	—			(76.4		)
Earnings (loss) from continuing operations	367.0			377.6		354.0			206.9			252.1			13.7			516.5			(1,719.6		)	368.2
Discontinued operations, net of tax	—			—		—			—			3.5			—			0.2			—			3.7
Net earnings (loss)	367.0			377.6		354.0			206.9			255.6			13.7			516.7			(1,719.6		)	371.9
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(4.9		)	—			(4.9		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	367.0		$	377.6	$	354.0		$	206.9		$	255.6		$	13.7		$	511.8		$	(1,719.6	)	$	367.0

Other comprehensive income (loss), net of tax	116.8			116.6		107.4			48.6			48.6			60.5			112.5			(494.2		)	116.8
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	483.8		$	494.2	$	461.4		$	255.5		$	304.2		$	74.2		$	624.3		$	(2,213.8	)	$	483.8

Condensed Consolidating Statement of Comprehensive Income

For the nine months ended September 30, 2017



In millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	968.3		$	—		$	9,883.6		$	(272.4	)	$	10,579.5
Cost of goods sold	—			—		—			—			(695.3		)	—			(6,846.2		)	272.4			(7,269.1		)
Selling and administrative expenses	(12.0		)	—		(0.1		)	(0.9		)	(308.6		)	(0.3		)	(1,709.8		)	—			(2,031.7		)
Operating income (loss)	(12.0		)	—		(0.1		)	(0.9		)	(35.6		)	(0.3		)	1,327.6			—			1,278.7
Equity earnings (loss) in subsidiaries, net of tax	876.3			864.6		806.0			555.6			759.1			53.3			—			(3,914.9		)	—
Interest expense	—			—		—			(95.2		)	(35.6		)	(30.6		)	(0.6		)	—			(162.0		)
Intercompany interest and fees	(22.5		)	—		(33.2		)	(131.3		)	(231.8		)	(5.9		)	424.7			—			—
Other income/(expense), net	—			—		0.1			—			(6.5		)	—			(17.4		)	—			(23.8		)
Earnings (loss) before income taxes	841.8			864.6		772.8			328.2			449.6			16.5			1,734.3			(3,914.9		)	1,092.9
Benefit (provision) for income taxes	0.9			—		—			82.9			102.0			—			(429.0		)	—			(243.2		)
Earnings (loss) from continuing operations	842.7			864.6		772.8			411.1			551.6			16.5			1,305.3			(3,914.9		)	849.7
Discontinued operations, net of tax	—			—		—			—			3.9			—			1.6			—			5.5
Net earnings (loss)	842.7			864.6		772.8			411.1			555.5			16.5			1,306.9			(3,914.9		)	855.2
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(12.5		)	—			(12.5		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	842.7		$	864.6	$	772.8		$	411.1		$	555.5		$	16.5		$	1,294.4		$	(3,914.9	)	$	842.7

Other comprehensive income (loss), net of tax	413.6			412.7		383.3			262.9			262.6			120.7			409.0			(1,851.2		)	413.6
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	1,256.3		$	1,277.3	$	1,156.1		$	674.0		$	818.1		$	137.2		$	1,703.4		$	(5,766.1	)	$	1,256.3




In millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	341.3		$	—		$	3,311.4		$	(84.9	)	$	3,567.8
Cost of goods sold	—			—		—			—			(229.4		)	—			(2,268.4		)	84.9			(2,412.9		)
Selling and administrative expenses	(3.8		)	—		—			(0.1		)	(6.8		)	(0.1		)	(632.4		)	—			(643.2		)
Operating income (loss)	(3.8		)	—		—			(0.1		)	105.1			(0.1		)	410.6			—			511.7
Equity earnings (loss) in subsidiaries, net of tax	400.3			397.5		376.2			255.6			229.9			146.7			—			(1,806.2		)	—
Interest expense	—			—		—			(31.8		)	(11.9		)	(10.4		)	(0.4		)	—			(54.5		)
Intercompany interest and fees	(19.6		)	—		(13.6		)	(42.6		)	(71.7		)	(2.0		)	149.5			—			—
Other income/(expense), net	—			—		—			—			(0.1		)	—			(6.2		)	—			(6.3		)
Earnings (loss) before income taxes	376.9			397.5		362.6			181.1			251.3			134.2			553.5			(1,806.2		)	450.9
Benefit (provision) for income taxes	0.5			—		5.1			27.0			(11.9		)	—			(103.9		)	—			(83.2		)
Earnings (loss) from continuing operations	377.4			397.5		367.7			208.1			239.4			134.2			449.6			(1,806.2		)	367.7
Discontinued operations, net of tax	—			—		—			—			16.1			—			(1.9		)	—			14.2
Net earnings (loss)	377.4			397.5		367.7			208.1			255.5			134.2			447.7			(1,806.2		)	381.9
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(4.5		)	—			(4.5		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	377.4		$	397.5	$	367.7		$	208.1		$	255.5		$	134.2		$	443.2		$	(1,806.2	)	$	377.4

Other comprehensive income (loss), net of tax	20.5			20.6		33.0			22.8			22.8			20.5			(47.4		)	(72.3		)	20.5
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	397.9		$	418.1	$	400.7		$	230.9		$	278.3		$	154.7		$	395.8		$	(1,878.5	)	$	397.9

Condensed Consolidating Statement of Comprehensive Income

For the nine months ended September 30, 2016



in millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	979.6		$	—		$	9,433.4		$	(262.9	)	$	10,150.1
Cost of goods sold	—			—		—			—			(716.3		)	—			(6,507.2		)	262.9			(6,960.6		)
Selling and administrative expenses	(10.6		)	—		(0.1		)	(0.1		)	(255.4		)	(0.4		)	(1,672.5		)	—			(1,939.1		)
Operating income (loss)	(10.6		)	—		(0.1		)	(0.1		)	7.9			(0.4		)	1,253.7			—			1,250.4
Equity earnings (loss) in subsidiaries, net of tax	1,337.8			1,323.3		1,247.9			546.0			685.1			798.4			—			(5,938.5		)	—
Interest expense	—			—		—			(95.5		)	(36.0		)	(32.6		)	(3.6		)	—			(167.7		)
Intercompany interest and fees	(51.1		)	—		(33.2		)	(121.4		)	(212.7		)	(5.0		)	423.4			—			—
Other income/(expense), net	0.1			—		—			—			(2.7		)	—			393.1			—			390.5
Earnings (loss) before income taxes	1,276.2			1,323.3		1,214.6			329.0			441.6			760.4			2,066.6			(5,938.5		)	1,473.2
Benefit (provision) for income taxes	1.2			—		5.1			78.9			70.9			—			(373.7		)	—			(217.6		)
Earnings (loss) from continuing operations	1,277.4			1,323.3		1,219.7			407.9			512.5			760.4			1,692.9			(5,938.5		)	1,255.6
Discontinued operations, net of tax	—			—		—			—			34.0			—			0.3			—			34.3
Net earnings (loss)	1,277.4			1,323.3		1,219.7			407.9			546.5			760.4			1,693.2			(5,938.5		)	1,289.9
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(12.5		)	—			(12.5		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	1,277.4		$	1,323.3	$	1,219.7		$	407.9		$	546.5		$	760.4		$	1,680.7		$	(5,938.5	)	$	1,277.4

Other comprehensive income (loss), net of tax	87.5			87.5		86.9			47.5			47.2			31.8			74.3			(375.2		)	87.5
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	1,364.9		$	1,410.8	$	1,306.6		$	455.4		$	593.7		$	792.2		$	1,755.0		$	(6,313.7	)	$	1,364.9

Condensed Consolidating Balance Sheet

September 30, 2017



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	$	—	$	—	$	—		$	0.2	$	464.8	$	—		$	794.0	$	—		$	1,259.0
Accounts and notes receivable, net	—		—		—			—		149.2		—			2,319.0		—			2,468.2
Inventories, net	—		—		—			—		184.1		—			1,477.0		—			1,661.1
Other current assets	1.4		—		5.7			8.1		76.4		—			334.5		(0.5		)	425.6
Intercompany receivables	146.5		—		1.8			—		895.3		—			13,138.3		(14,181.9		)	—
Total current assets	147.9		—		7.5			8.3		1,769.8		—			18,062.8		(14,182.4		)	5,813.9
Property, plant and equipment, net	—		—		—			—		310.1		—			1,218.9		—			1,529.0
Goodwill and other intangible assets, net	—		—		—			—		412.4		—			9,179.7		—			9,592.1
Other noncurrent assets	—		—		—			276.8		680.8		—			526.5		(696.3		)	787.8
Investments in consolidated subsidiaries	8,840.1		1,633.9		2,963.7			8,060.9		16,440.1		1,002.3			—		(38,941.0		)	—
Intercompany notes receivable	—		12,560.2		—			—		—		—			2,517.2		(15,077.4		)	—
Total assets	$	8,988.0	$	14,194.1	$	2,971.2		$	8,346.0	$	19,613.2	$	1,002.3		$	31,505.1	$	(68,897.1	)	$	17,722.8
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	8.1	$	—	$	0.2		$	56.0	$	559.1	$	16.8		$	2,942.2	$	(0.5	)	$	3,581.9
Short-term borrowings and current maturities of long-term debt	—		—		—			749.4		350.4		—			6.9		—			1,106.7
Intercompany payables	2,203.7		—		1,987.5			1,021.6		8,415.1		501.2			52.8		(14,181.9		)	—
Total current liabilities	2,211.8		—		1,987.7			1,827.0		9,324.6		518.0			3,001.9		(14,182.4		)	4,688.6
Long-term debt	—		—		—			1,539.3		326.7		1,089.4			0.5		—			2,955.9
Other noncurrent liabilities	—		—		—			21.2		1,210.7		—			2,698.3		(696.3		)	3,233.9
Intercompany notes payable	—		—		6,376.3			1,817.2		700.0		—			6,183.9		(15,077.4		)	—
Total liabilities	2,211.8		—		8,364.0			5,204.7		11,562.0		1,607.4			11,884.6		(29,956.1		)	10,878.4
Equity:
Total equity	6,776.2		14,194.1		(5,392.8		)	3,141.3		8,051.2		(605.1		)	19,620.5		(38,941.0		)	6,844.4
Total liabilities and equity	$	8,988.0	$	14,194.1	$	2,971.2		$	8,346.0	$	19,613.2	$	1,002.3		$	31,505.1	$	(68,897.1	)	$	17,722.8

Condensed Consolidating Balance Sheet

December 31, 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	$	—	$	—	$	—		$	—	$	634.6	$	—		$	1,080.1	$	—		$	1,714.7
Accounts and notes receivable, net	—		—		—			—		171.0		—			2,052.0		—			2,223.0
Inventories, net	—		—		—			—		165.3		—			1,220.5		—			1,385.8
Other current assets	0.2		—		5.3			0.7		69.4		—			189.3		(9.1		)	255.8
Intercompany receivables	122.3		—		5.6			271.6		220.5		—			11,747.9		(12,367.9		)	—
Total current assets	122.5		—		10.9			272.3		1,260.8		—			16,289.8		(12,377.0		)	5,579.3
Property, plant and equipment, net	—		—		—			—		445.9		—			1,065.1		—			1,511.0
Goodwill and other intangible assets, net	—		—		—			—		414.7		—			9,028.8		—			9,443.5
Other noncurrent assets	0.2		—		—			262.4		676.3		—			580.1		(655.4		)	863.6
Investments in consolidated subsidiaries	7,588.1		1,500.4		3,267.1			7,270.2		15,273.4		1,090.4			—		(35,989.6		)	—
Intercompany notes receivable	—		12,560.2		—			—		—		—			3,851.8		(16,412.0		)	—
Total assets	$	7,710.8	$	14,060.6	$	3,278.0		$	7,804.9	$	18,071.1	$	1,090.4		$	30,815.6	$	(65,434.0	)	$	17,397.4
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	7.7		—		0.2			36.3		525.1		7.0			2,662.3		(9.1		)	3,229.5
Short-term borrowings and current maturities of long-term debt	—		—		—			—		350.4		—			10.4		—			360.8
Intercompany payables	1,059.3		—		3,400.1			1,068.2		6,285.6		486.9			67.8		(12,367.9		)	—
Total current liabilities	1,067.0		—		3,400.3			1,104.5		7,161.1		493.9			2,740.5		(12,377.0		)	3,590.3
Long-term debt	—		—		—			2,286.3		334.2		1,088.3			0.6		—			3,709.4
Other noncurrent liabilities	—		—		—			18.2		1,280.8		—			2,735.8		(655.4		)	3,379.4
Intercompany notes payable	—		—		6,376.3			1,817.2		2,034.6		—			6,183.9		(16,412.0		)	—
Total liabilities	1,067.0		—		9,776.6			5,226.2		10,810.7		1,582.2			11,660.8		(29,444.4		)	10,679.1
Equity:
Total equity	6,643.8		14,060.6		(6,498.6		)	2,578.7		7,260.4		(491.8		)	19,154.8		(35,989.6		)	6,718.3
Total liabilities and equity	$	7,710.8	$	14,060.6	$	3,278.0		$	7,804.9	$	18,071.1	$	1,090.4		$	30,815.6	$	(65,434.0	)	$	17,397.4

Condensed Consolidating Statement of Cash Flows

For the nine months ended September 30, 2017



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	$	82.7		$	—	$	(17.5	)	$	(214.2	)	$	228.1		$	(23.9	)	$	835.6		$	—		$	890.8
Net cash provided by (used in) discontinued operating activities	—			—		—			—			(15.5		)	—			(2.1		)	—			(17.6		)
Net cash provided by (used in) operating activities	82.7			—		(17.5		)	(214.2		)	212.6			(23.9		)	833.5			—			873.2
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	—			—		—			—			(59.8		)	—			(90.1		)	—			(149.9		)
Acquisition of businesses, net of cash acquired	—			—		—			—			(2.7		)	—			(57.6		)	—			(60.3		)
Proceeds from sale of property, plant and equipment	—			—		—			—			—			—			1.1			—			1.1
Proceeds from sale of joint venture	—			—		—			—			—			—			2.7			—			2.7
Intercompany investing activities, net	—			—		1,170.9			270.1			(347.0		)	11.7			56.2			(1,161.9		)	—
Net cash provided by (used in) investing activities	—			—		1,170.9			270.1			(409.5		)	11.7			(87.7		)	(1,161.9		)	(206.4		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Short-term borrowings (payments), net	—			—		—			—			(7.5		)	—			(4.1		)	—			(11.6		)
Debt issuance costs	—			—		—			(0.2		)	—			—			—			—			(0.2		)
Dividends paid to ordinary shareholders	(318.0		)	—		—			—			—			—			—			—			(318.0		)
Dividends paid to noncontrolling interests	—			—		—			—			—			—			(15.5		)	—			(15.5		)
Acquisition of noncontrolling interest	—			—		—			—			—			—			(6.8		)	—			(6.8		)
Repurchase of ordinary shares	(911.1		)	—		—			—			—			—			—			—			(911.1		)
Other financing activities, net	41.9			—		—			—			(1.2		)	—			—			—			40.7
Intercompany financing activities, net	1,104.5			—		(1,153.4		)	(55.5		)	35.8			12.2			(1,105.5		)	1,161.9			—
Net cash provided by (used in) financing activities	(82.7		)	—		(1,153.4		)	(55.7		)	27.1			12.2			(1,131.9		)	1,161.9			(1,222.5		)
Effect of exchange rate changes on cash and cash equivalents	—			—		—			—			—			—			100.0			—			100.0
Net increase (decrease) in cash and cash equivalents	—			—		—			0.2			(169.8		)	—			(286.1		)	—			(455.7		)
Cash and cash equivalents - beginning of period	—			—		—			—			634.6			—			1,080.1			—			1,714.7
Cash and cash equivalents - end of period	$	—		$	—	$	—		$	0.2		$	464.8		$	—		$	794.0		$	—		$	1,259.0

Condensed Consolidating Statement of Cash Flows

For the nine months ended September 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	$	(37.0	)	$	—		$	(11.4	)	$	(206.7	)	$	569.4		$	(20.8	)	$	729.1		$	—		$	1,022.6
Net cash provided by (used in) discontinued operating activities	—			—			—			—			99.5			—			(5.4		)	—			94.1
Net cash provided by (used in) operating activities	(37.0		)	—			(11.4		)	(206.7		)	668.9			(20.8		)	723.7			—			1,116.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	—			—			—			—			(56.3		)	—			(71.2		)	—			(127.5		)
Acquisition of businesses, net of cash acquired	—			—			—			—			(9.2		)	—			—			—			(9.2		)
Proceeds from sale of property, plant and equipment	—			—			—			—			—			—			2.6			—			2.6
Proceeds from sale of Hussmann equity investment	—			—			—			—			—			—			422.5			—			422.5
Intercompany investing activities, net	(160.2		)	(19,535.7		)	(2.4		)	(242.8		)	65.7			243.7			(930.4		)	20,562.1			—
Net cash provided by (used in) investing activities	(160.2		)	(19,535.7		)	(2.4		)	(242.8		)	0.2			243.7			(576.5		)	20,562.1			288.4
CASH FLOWS FROM FINANCING ACTIVITIES:
Short-term borrowings (payments), net	—			—			—			—			(7.6		)	(143.0		)	—			—			(150.6		)
Debt issuance costs	—			—			—			(2.1		)	—			—			—			—			(2.1		)
Dividends paid to ordinary shareholders	(245.6		)	—			—			—			—			—			—			—			(245.6		)
Dividends paid to noncontrolling interests	—			—			—			—			—			—			(13.8		)	—			(13.8		)
Repurchase of ordinary shares	(250.1		)	—			—			—			—			—			—			—			(250.1		)
Other financing activities, net	16.3			—			—			—			—			—			—			—			16.3
Intercompany financing activities, net	676.6			19,535.7			13.9			440.2			(120.2		)	(79.9		)	95.8			(20,562.1		)	—
Net cash provided by (used in) financing activities	197.2			19,535.7			13.9			438.1			(127.8		)	(222.9		)	82.0			(20,562.1		)	(645.9		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—			—			8.6			—			8.6
Net increase (decrease) in cash and cash equivalents	—			—			0.1			(11.4		)	541.3			—			237.8			—			767.8
Cash and cash equivalents - beginning of period	—			—			—			11.4			—			0.1			725.3			—			736.8
Cash and cash equivalents - end of period	$	—		$	—		$	0.1		$	—		$	541.3		$	0.1		$	963.1		$	—		$	1,504.6