Equity (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Reconciliation of Ordinary Shares

Changes in ordinary shares and treasury shares for the nine months ended September 30, 2020 were as follows:

In millions	Ordinary shares issued	Ordinary shares held in treasury
December 31, 2019	262.8	24.5
Shares issued under incentive plans, net	1.7	—
September 30, 2020	264.5	24.5

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2020 were as follows:

In millions	Derivative Instruments		Pension and OPEB		Foreign Currency Translation		Total
Balance at December 31, 2019	$	5.6	$	(457.4)	$	(554.8)	$	(1,006.6)
Other comprehensive income (loss) before reclassifications	1.7		(28.0)		105.3		79.0
Amounts reclassified from AOCI	1.1		32.7		—		33.8
Separation of Ingersoll Rand Industrial, net of tax	—		69.1		70.2		139.3
Benefit (provision) for income taxes	0.4		(6.9)		—		(6.5)
Net current period other comprehensive income (loss)	$	3.2	$	66.9	$	175.5	$	245.6
Balance at September 30, 2020	$	8.8	$	(390.5)	$	(379.3)	$	(761.0)

The changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2019 were 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	(0.7)		7.1		(140.4)		(134.0)
Amounts reclassified from AOCI	0.8		35.8		—		36.6
Benefit (provision) for income taxes	0.1		(8.4)		—		(8.3)
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)