Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2018

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	$	—		$	—		$	—		$	—		$	345.1		$	—		$	4,111.4		$	(98.8	)	$	4,357.7
Cost of goods sold	—			—			—			—			(252.2		)	—			(2,810.7		)	98.8			(2,964.1		)
Selling and administrative expenses	(4.5		)	—			(0.1		)	—			(126.3		)	0.1			(622.5		)	—			(753.3		)
Operating income (loss)	(4.5		)	—			(0.1		)	—			(33.4		)	0.1			678.2			—			640.3
Equity earnings (loss) in subsidiaries, net of tax	460.8			461.0			368.1			372.7			402.0			49.4			—			(2,114.0		)	—
Interest expense	—			—			—			(26.7		)	(11.8		)	(11.8		)	—			—			(50.3		)
Intercompany interest and fees	(8.5		)	—			14.4			(50.5		)	9.0			(1.2		)	36.8			—			—
Other income/(expense), net	—			—			(0.2		)	—			(4.5		)	—			1.2			—			(3.5		)
Earnings (loss) before income taxes	447.8			461.0			382.2			295.5			361.3			36.5			716.2			(2,114.0		)	586.5
Benefit (provision) for income taxes	0.3			—			(0.3		)	17.8			18.8			—			(164.6		)	—			(128.0		)
Earnings (loss) from continuing operations	448.1			461.0			381.9			313.3			380.1			36.5			551.6			(2,114.0		)	458.5
Discontinued operations, net of tax	—			—			—			—			(7.5		)	—			1.6			—			(5.9		)
Net earnings (loss)	448.1			461.0			381.9			313.3			372.6			36.5			553.2			(2,114.0		)	452.6
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			—			(4.5		)	—			(4.5		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	448.1		$	461.0		$	381.9		$	313.3		$	372.6		$	36.5		$	548.7		$	(2,114.0	)	$	448.1

Other comprehensive income (loss), net of tax	(277.9		)	(277.3		)	(266.3		)	(171.8		)	(171.6		)	(90.6		)	(283.4		)	1,261.0			(277.9		)
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	170.2		$	183.7		$	115.6		$	141.5		$	201.0		$	(54.1	)	$	265.3		$	(853.0	)	$	170.2

Condensed Consolidating Statement of Comprehensive Income

For the six months ended June 30, 2018



In millions	Plc			Irish Holdings			Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—		$	—		$	—		$	692.7		$	—		$	7,252.1		$	(202.6	)	$	7,742.2
Cost of goods sold	—			—			—			—			(506.0		)	—			(5,080.9		)	202.6			(5,384.3		)
Selling and administrative expenses	(6.2		)	—			(0.1		)	(0.1		)	(262.6		)	0.1			(1,205.3		)	—			(1,474.2		)
Operating income (loss)	(6.2		)	—			(0.1		)	(0.1		)	(75.9		)	0.1			965.9			—			883.7
Equity earnings (loss) in subsidiaries, net of tax	585.0			584.5			479.0			491.0			564.7			88.6			—			(2,792.8		)	—
Interest expense	—			—			—			(77.0		)	(23.6		)	(22.4		)	(0.2		)	—			(123.2		)
Intercompany interest and fees	(9.5		)	—			18.4			(78.3		)	15.3			(3.6		)	57.7			—			—
Other income/(expense), net	—			—			(0.2		)	0.7			(8.1		)	0.1			—			—			(7.5		)
Earnings (loss) before income taxes	569.3			584.5			497.1			336.3			472.4			62.8			1,023.4			(2,792.8		)	753.0
Benefit (provision) for income taxes	(0.8		)	—			—			35.5			35.2			—			(230.9		)	—			(161.0		)
Earnings (loss) from continuing operations	568.5			584.5			497.1			371.8			507.6			62.8			792.5			(2,792.8		)	592.0
Discontinued operations, net of tax	—			—			—			—			(16.8		)	—			1.5			—			(15.3		)
Net earnings (loss)	568.5			584.5			497.1			371.8			490.8			62.8			794.0			(2,792.8		)	576.7
Less: Net earnings attributable to noncontrolling interests	—			—			—			—			—			—			(8.2		)	—			(8.2		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	568.5		$	584.5		$	497.1		$	371.8		$	490.8		$	62.8		$	785.8		$	(2,792.8	)	$	568.5

Other comprehensive income (loss), net of tax	(125.8		)	(125.4		)	(122.1		)	(66.0		)	(66.4		)	(53.3		)	(137.6		)	570.8			(125.8		)
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	442.7		$	459.1		$	375.0		$	305.8		$	424.4		$	9.5		$	648.2		$	(2,222.0	)	$	442.7




In millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	326.5		$	—		$	3,669.5		$	(87.6	)	$	3,908.4
Cost of goods sold	—			—		—			—			(229.1		)	—			(2,511.6		)	87.6			(2,653.1		)
Selling and administrative expenses	(5.9		)	—		(0.1		)	—			(101.1		)	(0.1		)	(590.5		)	—			(697.7		)
Operating income (loss)	(5.9		)	—		(0.1		)	—			(3.7		)	(0.1		)	567.4			—			557.6
Equity earnings (loss) in subsidiaries, net of tax	371.2			369.6		348.5			277.1			335.4			21.2			—			(1,723.0		)	—
Interest expense	—			—		—			(31.8		)	(11.9		)	(10.1		)	(0.3		)	—			(54.1		)
Intercompany interest and fees	(7.3		)	—		(10.0		)	(43.7		)	(77.1		)	(1.9		)	140.0			—			—
Other income/(expense), net	—			—		—			—			0.4			—			(11.9		)	—			(11.5		)
Earnings (loss) before income taxes	358.0			369.6		338.4			201.6			243.1			9.1			695.2			(1,723.0		)	492.0
Benefit (provision) for income taxes	0.6			—		—			27.5			27.7			—			(193.9		)	—			(138.1		)
Earnings (loss) from continuing operations	358.6			369.6		338.4			229.1			270.8			9.1			501.3			(1,723.0		)	353.9
Discontinued operations, net of tax	—			—		—			—			6.2			—			2.1			—			8.3
Net earnings (loss)	358.6			369.6		338.4			229.1			277.0			9.1			503.4			(1,723.0		)	362.2
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(3.6		)	—			(3.6		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	358.6		$	369.6	$	338.4		$	229.1		$	277.0		$	9.1		$	499.8		$	(1,723.0	)	$	358.6

Other comprehensive income (loss), net of tax	176.2			175.8		161.0			136.3			136.1			24.1			178.4			(811.7		)	176.2
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	534.8		$	545.4	$	499.4		$	365.4		$	413.1		$	33.2		$	678.2		$	(2,534.7	)	$	534.8

Condensed Consolidating Statement of Comprehensive Income

For the six months ended June 30, 2017



in millions	Plc			Irish Holdings		Lux International			Global Holding			New Jersey			Lux Finance			Other Subsidiaries			Consolidating Adjustments			Consolidated
Net revenues	$	—		$	—	$	—		$	—		$	642.8		$	—		$	6,447.3		$	(181.1	)	$	6,909.0
Cost of goods sold	—			—		—			—			(463.7		)	—			(4,496.6		)	181.1			(4,779.2		)
Selling and administrative expenses	(8.2		)	—		(0.1		)	(0.9		)	(222.4		)	(0.2		)	(1,125.4		)	—			(1,357.2		)
Operating income (loss)	(8.2		)	—		(0.1		)	(0.9		)	(43.3		)	(0.2		)	825.3			—			772.6
Equity earnings (loss) in subsidiaries, net of tax	496.1			487.0		442.4			300.1			442.5			27.2			—			(2,195.3		)	—
Interest expense	—			—		—			(63.5		)	(23.8		)	(20.4		)	(0.4		)	—			(108.1		)
Intercompany interest and fees	(13.1		)	—		(23.5		)	(86.4		)	(151.3		)	(3.8		)	278.1			—			—
Other income/(expense), net	—			—		—			—			(2.3		)	—			(13.9		)	—			(16.2		)
Earnings (loss) before income taxes	474.8			487.0		418.8			149.3			221.8			2.8			1,089.1			(2,195.3		)	648.3
Benefit (provision) for income taxes	0.9			—		—			54.9			77.7			—			(300.3		)	—			(166.8		)
Earnings (loss) from continuing operations	475.7			487.0		418.8			204.2			299.5			2.8			788.8			(2,195.3		)	481.5
Discontinued operations, net of tax	—			—		—			—			0.4			—			1.4			—			1.8
Net earnings (loss)	475.7			487.0		418.8			204.2			299.9			2.8			790.2			(2,195.3		)	483.3
Less: Net earnings attributable to noncontrolling interests	—			—		—			—			—			—			(7.6		)	—			(7.6		)
Net earnings (loss) attributable to Ingersoll-Rand plc	$	475.7		$	487.0	$	418.8		$	204.2		$	299.9		$	2.8		$	782.6		$	(2,195.3	)	$	475.7

Other comprehensive income (loss), net of tax	296.8			296.1		275.9			214.3			214.0			60.2			296.5			(1,357.0		)	296.8
Comprehensive income (loss) attributable to Ingersoll-Rand plc	$	772.5		$	783.1	$	694.7		$	418.5		$	513.9		$	63.0		$	1,079.1		$	(3,552.3	)	$	772.5

Condensed Consolidating Balance Sheet

June 30, 2018



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	$	—	$	—	$	0.7	$	—	$	—	$	0.1		$	968.7	$	—		$	969.5
Accounts and notes receivable, net	—		—		0.2		—		169.3		—			2,777.4		—			2,946.9
Inventories, net	—		—		—		—		161.5		—			1,571.8		—			1,733.3
Other current assets	0.2		—		7.9		11.7		109.1		—			383.6		(0.5		)	512.0
Intercompany receivables	27.8		—		313.1		—		2,278.2		—			5,707.5		(8,326.6		)	—
Total current assets	28.0		—		321.9		11.7		2,718.1		0.1			11,409.0		(8,327.1		)	6,161.7
Property, plant and equipment, net	—		—		0.1		—		321.5		—			1,325.2		—			1,646.8
Goodwill and other intangible assets, net	—		—		—		—		432.0		—			9,274.0		—			9,706.0
Other noncurrent assets	—		—		4.0		187.2		437.6		—			610.2		(375.6		)	863.4
Investments in consolidated subsidiaries	8,672.2		8,633.1		3,233.3		11,061.9		11,552.4		1,191.4			—		(44,344.3		)	—
Intercompany notes receivable	—		—		1,000.0		—		—		—			1,249.7		(2,249.7		)	—
Total assets	$	8,700.2	$	8,633.1	$	4,559.3	$	11,260.8	$	15,461.6	$	1,191.5		$	23,868.1	$	(55,296.7	)	$	18,377.9
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	140.7	$	—	$	0.2	$	80.1	$	538.1	$	6.9		$	3,387.6	$	(0.5	)	$	4,153.1
Short-term borrowings and current maturities of long-term debt	—		—		—		—		350.4		249.0			0.2		—			599.6
Intercompany payables	1,772.4		2.5		843.2		3,356.3		2,015.3		299.7			37.2		(8,326.6		)	—
Total current liabilities	1,913.1		2.5		843.4		3,436.4		2,903.8		555.6			3,425.0		(8,327.1		)	4,752.7
Long-term debt	—		—		—		2,328.8		319.4		1,090.4			0.3		—			3,738.9
Other noncurrent liabilities	—		—		—		66.8		1,186.5		—			2,184.9		(375.6		)	3,062.6
Intercompany notes payable	—		—		—		2,249.7		—		—			—		(2,249.7		)	—
Total liabilities	1,913.1		2.5		843.4		8,081.7		4,409.7		1,646.0			5,610.2		(10,952.4		)	11,554.2
Equity:
Total equity	6,787.1		8,630.6		3,715.9		3,179.1		11,051.9		(454.5		)	18,257.9		(44,344.3		)	6,823.7
Total liabilities and equity	$	8,700.2	$	8,633.1	$	4,559.3	$	11,260.8	$	15,461.6	$	1,191.5		$	23,868.1	$	(55,296.7	)	$	18,377.9

Condensed Consolidating Balance Sheet

December 31, 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	$	—	$	—	$	0.6		$	—	$	359.3	$	—		$	1,189.5	$	—		$	1,549.4
Accounts and notes receivable, net	—		—		—			—		166.5		—			2,310.9		—			2,477.4
Inventories, net	—		—		—			—		168.5		—			1,386.9		—			1,555.4
Other current assets	0.2		—		5.7			112.6		76.2		—			342.2		—			536.9
Intercompany receivables	1,819.1		9,912.2		2,036.8			—		1,849.9		—			5,014.8		(20,632.8		)	—
Total current assets	1,819.3		9,912.2		2,043.1			112.6		2,620.4		—			10,244.3		(20,632.8		)	6,119.1
Property, plant and equipment, net	—		—		—			—		310.6		—			1,240.7		—			1,551.3
Goodwill and other intangible assets, net	—		—		—			—		436.0		—			9,242.6		—			9,678.6
Other noncurrent assets	—		—		—			185.4		471.1		—			550.8		(383.0		)	824.3
Investments in consolidated subsidiaries	7,318.1		1,684.2		2,953.9			10,480.3		10,923.7		1,150.9			—		(34,511.1		)	—
Total assets	$	9,137.4	$	11,596.4	$	4,997.0		$	10,778.3	$	14,761.8	$	1,150.9		$	21,278.4	$	(55,526.9	)	$	18,173.3
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	8.5	$	—	$	0.2		$	27.3	$	572.3	$	6.9		$	3,105.8	$	—		$	3,721.0
Short-term borrowings and current maturities of long-term debt	—		—		—			749.6		350.4		—			7.0		—			1,107.0
Intercompany payables	1,988.3		—		9,316.7			5,481.1		1,790.0		523.3			1,533.4		(20,632.8		)	—
Total current liabilities	1,996.8		—		9,316.9			6,258.0		2,712.7		530.2			4,646.2		(20,632.8		)	4,828.0
Long-term debt	—		—		—			1,539.9		326.8		1,089.7			0.6		—			2,957.0
Other noncurrent liabilities	0.3		—		—			92.4		1,251.8		—			2,219.9		(383.0		)	3,181.4
Total liabilities	1,997.1		—		9,316.9			7,890.3		4,291.3		1,619.9			6,866.7		(21,015.8		)	10,966.4
Equity:
Total equity	7,140.3		11,596.4		(4,319.9		)	2,888.0		10,470.5		(469.0		)	14,411.7		(34,511.1		)	7,206.9
Total liabilities and equity	$	9,137.4	$	11,596.4	$	4,997.0		$	10,778.3	$	14,761.8	$	1,150.9		$	21,278.4	$	(55,526.9	)	$	18,173.3

Condensed Consolidating Statement of Cash Flows

For the six months ended June 30, 2018



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	$	80.0		$	(2.7	)	$	17.6		$	(94.4	)	$	439.1		$	(24.6	)	$	(0.5	)	$	—		$	414.5
Net cash provided by (used in) discontinued operating activities	—			—			—			—			(38.3		)	—			1.5			—			(36.8		)
Net cash provided by (used in) operating activities	80.0			(2.7		)	17.6			(94.4		)	400.8			(24.6		)	1.0			—			377.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	—			—			—			—			(55.4		)	—			(108.0		)	—			(163.4		)
Acquisitions and equity method investments, net of cash acquired	—			—			—			—			—			—			(281.5		)	—			(281.5		)
Other investing activities, net	—			—			(4.0		)	—			3.0			—			1.0			—			—
Intercompany investing activities, net	872.3			(668.1		)	741.2			—			(800.5		)	—			468.2			(613.1		)	—
Net cash provided by (used in) continuing investing activities	872.3			(668.1		)	737.2			—			(852.9		)	—			79.7			(613.1		)	(444.9		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds (repayments) from debt	—			—			—			31.6			(7.5		)	249.0			(6.4		)	—			266.7
Debt issuance costs	—			—			—			(11.6		)	—			—			—			—			(11.6		)
Dividends paid to ordinary shareholders	(221.8		)	—			—			—			—			—			—			—			(221.8		)
Dividends paid to noncontrolling interests	—			—			—			—			—			—			(35.5		)	—			(35.5		)
Repurchase of ordinary shares	(500.1		)	—			—			—			—			—			—			—			(500.1		)
Other financing activities, net	13.8			—			—			—			(0.4		)	—			(2.5		)	—			10.9
Intercompany financing activities, net	(244.2		)	670.8			(754.7		)	74.4			100.7			(224.3		)	(235.8		)	613.1			—
Net cash provided by (used in) continuing financing activities	(952.3		)	670.8			(754.7		)	94.4			92.8			24.7			(280.2		)	613.1			(491.4		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—			—			(21.3		)	—			(21.3		)
Net increase (decrease) in cash and cash equivalents	—			—			0.1			—			(359.3		)	0.1			(220.8		)	—			(579.9		)
Cash and cash equivalents - beginning of period	—			—			0.6			—			359.3			—			1,189.5			—			1,549.4
Cash and cash equivalents - end of period	$	—		$	—		$	0.7		$	—		$	—		$	0.1		$	968.7		$	—		$	969.5

Condensed Consolidating Statement of Cash Flows

For the six months ended June 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	$	75.4		$	—	$	(17.5	)	$	(142.5	)	$	139.0		$	(23.7	)	$	391.6		$	—		$	422.3
Net cash provided by (used in) discontinued operating activities	—			—		—			—			(14.5		)	—			(2.3		)	—			(16.8		)
Net cash provided by (used in) operating activities	75.4			—		(17.5		)	(142.5		)	124.5			(23.7		)	389.3			—			405.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	—			—		—			—			(25.9		)	—			(53.6		)	—			(79.5		)
Acquisitions and equity method investments, net of cash acquired	—			—		—			—			—			—			(39.9		)	—			(39.9		)
Other investing activities, net	—			—		—			—			—			—			0.5			—			0.5
Intercompany investing activities, net	—			—		1,153.0			142.7			—			11.7			589.4			(1,896.8		)	—
Net cash provided by (used in) continuing investing activities	—			—		1,153.0			142.7			(25.9		)	11.7			496.4			(1,896.8		)	(118.9		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds (repayments) from debt	—			—		—			—			(7.5		)	—			(0.1		)	—			(7.6		)
Debt issuance costs	—			—		—			(0.2		)	—			—			—			—			(0.2		)
Dividends paid to ordinary shareholders	(204.8		)	—		—			—			—			—			—			—			(204.8		)
Dividends paid to noncontrolling interests	—			—		—			—			—			—			(7.0		)	—			(7.0		)
Acquisition of noncontrolling interest	—			—		—			—			—			—			(6.8		)	—			(6.8		)
Repurchase of ordinary shares	(575.2		)	—		—			—			—			—			—			—			(575.2		)
Other financing activities, net	35.0			—		—			—			(1.0		)	—			0.7			—			34.7
Intercompany financing activities, net	669.6			—		(1,135.4		)	—			(135.7		)	12.0			(1,307.3		)	1,896.8			—
Net cash provided by (used in) continuing financing activities	(75.4		)	—		(1,135.4		)	(0.2		)	(144.2		)	12.0			(1,320.5		)	1,896.8			(766.9		)
Effect of exchange rate changes on cash and cash equivalents	—			—		—			—			—			—			75.7			—			75.7
Net increase (decrease) in cash and cash equivalents	—			—		0.1			—			(45.6		)	—			(359.1		)	—			(404.6		)
Cash and cash equivalents - beginning of period	—			—		—			—			634.6			—			1,080.1			—			1,714.7
Cash and cash equivalents - end of period	$	—		$	—	$	0.1		$	—		$	589.0		$	—		$	721.0		$	—		$	1,310.1