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Equity
 9 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Equity Equity
The authorized share capital of Ingersoll-Rand plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at September 30, 2019 or December 31, 2018.
Changes in ordinary shares and treasury shares for the nine months ended September 30, 2019 were as follows:
In millions
Ordinary shares issued
 
Ordinary shares held in treasury
December 31, 2018
266.4

 
24.5

Shares issued under incentive plans, net
2.2

 
—

Repurchase of ordinary shares
(4.5
)
 
—

September 30, 2019
264.1

 
24.5


Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Shares acquired and canceled upon repurchase are accounted for as a reduction of Ordinary Shares and Capital in excess of par value, or Retained earnings to the extent Capital in excess of par value is exhausted. Shares acquired and held in treasury are presented separately on the balance sheet as a reduction to Equity and recognized at cost. In October 2018, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares under a share repurchase program (2018 Authorization) upon completion of the prior authorized share repurchase program. During the nine months ended September 30, 2019, the Company repurchased and canceled approximately $500 million of its ordinary shares leaving approximately $1 billion remaining under the 2018 Authorization.
Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2019 was as follows:
In millions
 
Derivative Instruments
 
Pension and OPEB
 
Foreign Currency Translation
 
Total
Balance at December 31, 2018
 
$
6.7

 
$
(454.0
)
 
$
(516.8
)
 
$
(964.1
)
Other comprehensive income (loss) before reclassifications
 
(0.9
)
 
7.1

 
(140.4
)
 
(134.2
)
Amounts reclassified from AOCI
 
0.6

 
35.8

 
—

 
36.4

Benefit from (provision for) income taxes
 
0.5

 
(8.4
)
 
—

 
(7.9
)
Net current period other comprehensive income (loss)
 
$
0.2

 
$
34.5

 
$
(140.4
)
 
$
(105.7
)
Balance at September 30, 2019
 
$
6.9

 
$
(419.5
)
 
$
(657.2
)
 
$
(1,069.8
)
The changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2018 was as follows:
In millions
 
Derivative Instruments
 
Pension and OPEB
 
Foreign Currency Translation
 
Total
Balance at December 31, 2017
 
$
4.7

 
$
(494.3
)
 
$
(289.2
)
 
$
(778.8
)
Other comprehensive income (loss) before reclassifications
 
(0.5
)
 
5.2

 
(175.2
)
 
(170.5
)
Amounts reclassified from AOCI
 
0.6

 
38.3

 
—

 
38.9

Benefit from (provision for) income taxes
 
—

 
(9.4
)
 
—

 
(9.4
)
Net current period other comprehensive income (loss)
 
$
0.1

 
$
34.1

 
$
(175.2
)
 
$
(141.0
)
Balance at September 30, 2018
 
$
4.8

 
$
(460.2
)
 
$
(464.4
)
 
$
(919.8
)

The reclassifications out of Accumulated other comprehensive income (loss) for the three and nine months ended September 30 were as follows:
 
 
Three months ended
 
Nine months ended
In millions
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Derivative Instruments
 
 
 
 
 
 
 
 
Reclassifications of deferred (gains) losses (1)
 
$
(0.3
)
 
$
(0.1
)
 
$
0.6

 
$
0.6

Provision for (benefit from) income taxes
 
(0.1
)
 
(0.2
)
 
(0.3
)
 
—

Reclassifications, net of taxes
 
$
(0.4
)
 
$
(0.3
)
 
$
0.3

 
$
0.6

 
 
 
 
 
 
 
 
 
Pension and Postretirement benefits
 
 
 
 
 
 
 
 
Amortization of service costs (2)
 
$
1.1

 
$
0.1

 
$
3.3

 
$
0.2

Amortization of actuarial losses (2)
 
9.0

 
13.1

 
32.5

 
38.1

Provision for (benefit from) income taxes
 
(2.8
)
 
(2.9
)
 
(8.4
)
 
(9.4
)
Reclassifications, net of taxes
 
$
7.3

 
$
10.3

 
$
27.4

 
$
28.9

 
 
 
 
 
 
 
 
 
Total reclassifications, net of taxes
 
$
6.9

 
$
10.0

 
$
27.7

 
$
29.5

(1) Reclassifications of interest rate swaps and locks are reflected within Interest expense; reclassifications of currency derivatives designated as hedges are reflected in Cost of goods sold.
(2) Reclassifications of the service cost component of pension and postretirement benefit costs are reflected within Operating income; the remaining components are included within Other income/(expense), net.