10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________

FORM 10-Q

_______________________________

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2018

or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-34400

_____________________________

INGERSOLL-RAND PUBLIC LIMITED COMPANY

(Exact name of registrant as specified in its charter)

_______________________________

Ireland	98-0626632
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

170/175 Lakeview Dr.

Airside Business Park

Swords, Co. Dublin

Ireland

(Address of principal executive offices, including zip code)

+(353) (0) 18707400

(Registrant’s telephone number, including area code)

_______________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    YES  x    NO  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    YES  x   NO  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨
		Emerging growth company	¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     YES  ¨    NO  x

The number of ordinary shares outstanding of Ingersoll-Rand plc as of July 13, 2018 was 245,309,566.

INGERSOLL-RAND PLC

FORM 10-Q

INDEX

PART I FINANCIAL INFORMATION		1
Item 1 -	Financial Statements	1
	Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2018 and 2017	1
	Condensed Consolidated Balance Sheets at June 30, 2018 and December 31, 2017	2
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2018 and 2017	3
	Notes to Condensed Consolidated Financial Statements	4
Item 2 -	Management’s Discussion and Analysis of Financial Condition and Results of Operations	36
Item 3 -	Quantitative and Qualitative Disclosures about Market Risk	47
Item 4 -	Controls and Procedures	47
PART II OTHER INFORMATION		48
Item 1 -	Legal Proceedings	48
Item 1A -	Risk Factors	48
Item 2 -	Unregistered Sales of Equity Securities and Use of Proceeds	48
Item 6 -	Exhibits	49
SIGNATURES		50

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

INGERSOLL-RAND PLC

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three months ended						Six months ended
	June 30,						June 30,
In millions, except per share amounts	2018			2017			2018			2017
Net revenues	$	4,357.7		$	3,908.4		$	7,742.2		$	6,909.0
Cost of goods sold	(2,964.1		)	(2,653.1		)	(5,384.3		)	(4,779.2		)
Selling and administrative expenses	(753.3		)	(697.7		)	(1,474.2		)	(1,357.2		)
Operating income	640.3			557.6			883.7			772.6
Interest expense	(50.3		)	(54.1		)	(123.2		)	(108.1		)
Other income/(expense), net	(3.5		)	(11.5		)	(7.5		)	(16.2		)
Earnings before income taxes	586.5			492.0			753.0			648.3
Provision for income taxes	(128.0		)	(138.1		)	(161.0		)	(166.8		)
Earnings from continuing operations	458.5			353.9			592.0			481.5
Discontinued operations, net of tax	(5.9		)	8.3			(15.3		)	1.8
Net earnings	452.6			362.2			576.7			483.3
Less: Net earnings attributable to noncontrolling interests	(4.5		)	(3.6		)	(8.2		)	(7.6		)
Net earnings attributable to Ingersoll-Rand plc	$	448.1		$	358.6		$	568.5		$	475.7
Amounts attributable to Ingersoll-Rand plc ordinary shareholders:
Continuing operations	$	454.0		$	350.3		$	583.8		$	473.9
Discontinued operations	(5.9		)	8.3			(15.3		)	1.8
Net earnings	$	448.1		$	358.6		$	568.5		$	475.7
Earnings (loss) per share attributable to Ingersoll-Rand plc ordinary shareholders:
Basic:
Continuing operations	$	1.83		$	1.37		$	2.35		$	1.84
Discontinued operations	(0.02		)	0.03			(0.07		)	—
Net earnings	$	1.81		$	1.40		$	2.28		$	1.84
Diluted:
Continuing operations	$	1.82		$	1.35		$	2.32		$	1.82
Discontinued operations	(0.03		)	0.03			(0.06		)	—
Net earnings	$	1.79		$	1.38		$	2.26		$	1.82
Weighted-average shares outstanding:
Basic	247.5			256.4			248.9			257.9
Diluted	250.1			259.7			251.6			261.1
Dividends declared per ordinary share	$	0.98		$	0.40		$	1.43		$	0.80
Total comprehensive income	$	171.6		$	539.1		$	448.2		$	779.3
Less: Total comprehensive income attributable to noncontrolling interests	1.4			4.3			5.5			6.8
Total comprehensive income attributable to Ingersoll-Rand plc	$	170.2		$	534.8		$	442.7		$	772.5

See accompanying notes to Condensed Consolidated Financial Statements.

1

INGERSOLL-RAND PLC

CONDENSED CONSOLIDATED BALANCE SHEETS

	(Unaudited)
In millions	June 30, 2018			December 31, 2017
ASSETS
Current assets:
Cash and cash equivalents	$	969.5		$	1,549.4
Accounts and notes receivable, net	2,946.9			2,477.4
Inventories, net	1,733.3			1,555.4
Other current assets	512.0			536.9
Total current assets	6,161.7			6,119.1
Property, plant and equipment, net	1,646.8			1,551.3
Goodwill	6,001.1			5,935.7
Intangible assets, net	3,704.9			3,742.9
Other noncurrent assets	863.4			824.3
Total assets	$	18,377.9		$	18,173.3
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	1,832.1		$	1,556.1
Accrued compensation and benefits	428.4			509.7
Accrued expenses and other current liabilities	1,892.6			1,655.2
Short-term borrowings and current maturities of long-term debt	599.6			1,107.0
Total current liabilities	4,752.7			4,828.0
Long-term debt	3,738.9			2,957.0
Postemployment and other benefit liabilities	1,247.7			1,285.3
Deferred and noncurrent income taxes	735.4			757.5
Other noncurrent liabilities	1,079.5			1,138.6
Total liabilities	11,554.2			10,966.4
Equity:
Ingersoll-Rand plc shareholders’ equity:
Ordinary shares	269.8			274.0
Ordinary shares held in treasury, at cost	(1,719.3		)	(1,719.4		)
Capital in excess of par value	31.3			461.3
Retained earnings	9,109.9			8,903.2
Accumulated other comprehensive income (loss)	(904.6		)	(778.8		)
Total Ingersoll-Rand plc shareholders’ equity	6,787.1			7,140.3
Noncontrolling interests	36.6			66.6
Total equity	6,823.7			7,206.9
Total liabilities and equity	$	18,377.9		$	18,173.3

See accompanying notes to Condensed Consolidated Financial Statements.

2

INGERSOLL-RAND PLC

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six months ended
	June 30,
In millions	2018			2017
Cash flows from operating activities:
Net earnings	$	576.7		$	483.3
Discontinued operations, net of tax	15.3			(1.8		)
Adjustments for non-cash transactions:
Asset impairment	—			8.4
Depreciation and amortization	187.8			174.1
Changes in assets and liabilities, net	(466.4		)	(323.3		)
Other non-cash items, net	101.1			81.6
Net cash provided by (used in) continuing operating activities	414.5			422.3
Net cash provided by (used in) discontinued operating activities	(36.8		)	(16.8		)
Net cash provided by (used in) operating activities	377.7			405.5
Cash flows from investing activities:
Capital expenditures	(163.4		)	(79.5		)
Acquisitions and equity method investments, net of cash acquired	(281.5		)	(39.9		)
Other investing activities, net	—			0.5
Net cash provided by (used in) continuing investing activities	(444.9		)	(118.9		)
Cash flows from financing activities:
Short-term borrowings (payments), net	242.6			—
Proceeds from long-term debt	1,147.0			—
Payments of long-term debt	(1,122.9		)	(7.6		)
Net proceeds (repayments) from debt	266.7			(7.6		)
Debt issuance costs	(11.6		)	(0.2		)
Dividends paid to ordinary shareholders	(221.8		)	(204.8		)
Dividends paid to noncontrolling interests	(35.5		)	(7.0		)
Acquisition of noncontrolling interest	—			(6.8		)
Repurchase of ordinary shares	(500.1		)	(575.2		)
Other financing activities, net	10.9			34.7
Net cash provided by (used in) continuing financing activities	(491.4		)	(766.9		)
Effect of exchange rate changes on cash and cash equivalents	(21.3		)	75.7
Net increase (decrease) in cash and cash equivalents	(579.9		)	(404.6		)
Cash and cash equivalents - beginning of period	1,549.4			1,714.7
Cash and cash equivalents - end of period	$	969.5		$	1,310.1

See accompanying notes to Condensed Consolidated Financial Statements.

3

INGERSOLL-RAND PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Ingersoll-Rand plc (Plc or Parent Company), a public limited company incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively, the Company), reflect the consolidated operations of the Company and have been prepared in accordance with United States Securities and Exchange Commission (SEC) interim reporting requirements. Accordingly, the accompanying condensed consolidated financial statements do not include all disclosures required by accounting principles generally accepted in the United States of America (GAAP) for full financial statements and should be read in conjunction with the consolidated financial statements included in the Ingersoll-Rand plc Annual Report on Form 10-K for the year ended December 31, 2017. In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments, which include only normal recurring adjustments, necessary to fairly state the condensed consolidated results for the interim periods presented.

Note 2. Recent Accounting Pronouncements

The Financial Accounting Standards Board (FASB) Accounting Standards Codification is the sole source of authoritative GAAP other than SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standards Update (ASU) to communicate changes to the codification. The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements.

Recently Adopted Accounting Pronouncements

In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” (ASU 2016-16) which removed the prohibition in Topic 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. As a result, the income tax consequences of an intra-entity transfer of assets other than inventory will be recognized in the current period income statement rather than being deferred until the assets leave the consolidated group. The Company applied ASU 2016-16 on a modified retrospective basis through a cumulative-effect adjustment which reduced Retained earnings by $9.1 million as of January 1, 2018.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under ASC 606, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. The Company adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million with related amounts not materially impacting Net revenues, Operating income or the Balance Sheet. Refer to Note 11, “Revenue,” for a further discussion on the adoption of ASC 606.

Recently Issued Accounting Pronouncements

In February 2018, the FASB issued ASU 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" (ASU 2018-02), which allows companies to reclassify stranded tax effects in Accumulated other comprehensive income (loss) that have been caused by the Tax Cuts and Jobs Act of 2017 (the Act) to Retained earnings for each period in which the effect of the change in the U.S. federal corporate income tax rate is recorded. The FASB has made the reclassification optional. ASU 2018-02 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company is currently assessing the impact of the ASU on its financial statements and whether or not it will exercise the option to reclassify the stranded tax effects caused by the Act.

In August 2017, the FASB issued ASU 2017-12, "Derivatives and hedging (Topic 815): Targeted improvements to accounting for hedging activities" (ASU 2017-12). This standard more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This standard also addresses specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. ASU

4

2017-12 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company is currently assessing the impact of this ASU on its financial statements.

In February 2016, the FASB issued ASU 2016-02, "Leases" (ASU 2016-02) which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted. The standard is required to be adopted at the earliest period presented using a modified retrospective approach. The Company continues to execute on its implementation plan and is currently gathering lease data to derive the impact of the ASU on its financial statements. The adoption is anticipated to have a material impact on assets and liabilities due to the recognition of lease rights and obligations on the Balance Sheet effective January 1, 2019. However, the Company does not expect the adoption to have a material impact to its Statement of Cash Flows or Statement of Comprehensive Income.

Note 3. Inventories

Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method.

The major classes of inventory were as follows:

In millions	June 30, 2018			December 31, 2017
Raw materials	$	532.8		$	502.8
Work-in-process	213.1			180.5
Finished goods	1,056.6			941.0
	1,802.5			1,624.3
LIFO reserve	(69.2		)	(68.9		)
Total	$	1,733.3		$	1,555.4

The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to net realizable value. Reserve balances, primarily related to obsolete and slow-moving inventories, were $116.9 million and $120.3 million at June 30, 2018 and December 31, 2017, respectively.

Note 4. Goodwill

The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill is tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset.

The changes in the carrying amount of goodwill for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Total
Net balance as of December 31, 2017	$	5,065.1		$	870.6		$	5,935.7
Acquisitions (1)	120.4			1.8			122.2
Currency translation	(49.1		)	(7.7		)	(56.8		)
Net balance as of June 30, 2018	$	5,136.4		$	864.7		$	6,001.1

(1) Refer to Note 16, "Acquisitions and Divestitures" for more information regarding acquisitions during the period.

The net goodwill balances at June 30, 2018 and December 31, 2017 include $2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge in the fourth quarter of 2008 associated with the Climate segment.

Note 5. Intangible Assets

Indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount

5

of the asset. All other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives.

The gross amount of the Company’s intangible assets and related accumulated amortization were as follows:

	June 30, 2018							December 31, 2017
In millions	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Completed technologies/patents	$	207.6	$	(180.0	)	$	27.6	$	209.4	$	(177.3	)	$	32.1
Customer relationships	2,092.5		(1,116.2		)	976.3		2,068.9		(1,056.9		)	1,012.0
Other	85.1		(51.3		)	33.8		93.9		(52.7		)	41.2
Total finite-lived intangible assets	2,385.2		(1,347.5		)	1,037.7		2,372.2		(1,286.9		)	1,085.3
Trademarks (indefinite-lived)	2,667.2		—			2,667.2		2,657.6		—			2,657.6
Total	$	5,052.4	$	(1,347.5	)	$	3,704.9	$	5,029.8	$	(1,286.9	)	$	3,742.9

Intangible asset amortization expense was $35.2 million and $32.5 million for the three months ended June 30, 2018 and 2017, respectively. Intangible asset amortization expense was $70.4 million and $64.7 million for the six months ended June 30, 2018 and 2017, respectively.

Note 6. Debt and Credit Facilities

Short-term borrowings and current maturities of long-term debt consisted of the following:

In millions	June 30, 2018		December 31, 2017
Debentures with put feature	$	343.0	$	343.0
6.875% Senior notes due 2018 (1)	—		749.6
Commercial Paper	249.0		—
Other current maturities of long-term debt	7.6		7.7
Short-term borrowings	—		6.7
Total	$	599.6	$	1,107.0

(1) During the first quarter of 2018, the Company redeemed its 6.875% senior notes due 2018.

Commercial Paper Program

The Company uses borrowings under its commercial paper program for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, under the commercial paper program is $2.0 billion as of June 30, 2018. The Company had $249.0 million of commercial paper outstanding as of June 30, 2018.

Debentures with Put Feature

At June 30, 2018 and December 31, 2017, the Company had $343.0 million of fixed rate debentures outstanding which contain a put feature that the holders may exercise on each anniversary of the issuance date.  If exercised, the Company is obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount of the debentures plus accrued interest. If these options are not exercised, the final contractual maturity dates would range between 2027 and 2028. Holders of these debentures had the option to exercise the put feature on $37.2 million of the outstanding debentures in February 2018, subject to the notice requirement. No material exercises were made.

6

Long-term debt, excluding current maturities, consisted of the following:

In millions	June 30, 2018		December 31, 2017
2.875% Senior notes due 2019 (1)	—		349.4
2.625% Senior notes due 2020	299.2		298.9
2.900% Senior notes due 2021	297.9		—
9.000% Debentures due 2021	124.9		124.9
4.250% Senior notes due 2023	696.8		696.5
7.200% Debentures due 2019-2025	44.8		52.3
3.550% Senior notes due 2024	495.6		495.2
6.480% Debentures due 2025	149.7		149.7
3.750% Senior notes due 2028	544.2		—
5.750% Senior notes due 2043	494.2		494.0
4.650% Senior notes due 2044	295.7		295.6
4.300% Senior notes due 2048	295.7		—
Other loans and notes	0.2		0.5
Total	$	3,738.9	$	2,957.0

(1) During the first quarter of 2018, the Company redeemed its 2.875% senior notes due 2019.

Issuance and Redemption of Senior Notes

In February 2018, the Company issued $1.15 billion principal amount of senior notes in three tranches through an indirect, wholly-owned subsidiary. The tranches consist of $300 million aggregate principal amount of 2.900% senior notes due 2021, $550 million aggregate principal amount of 3.750% senior notes due 2028 and $300 million aggregate principal amount of 4.300% senior notes due 2048. The notes are fully and unconditionally guaranteed by each of Ingersoll Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l, Ingersoll-Rand Company and Ingersoll-Rand Luxembourg Finance S.A. The Company has the option to redeem the notes in whole or in part at any time, prior to their stated maturity date at redemption prices set forth in the indenture agreement. The notes are subject to certain customary covenants, however, none of these covenants are considered restrictive to the Company’s operations. In March 2018, the Company used the proceeds to fund the redemption of $750 million aggregate principal amount of 6.875% senior notes due 2018 and $350 million aggregate principal amount of 2.875% senior notes due 2019, with the remainder used for general corporate purposes. As a result of the early redemption, the Company recognized $15.4 million of premium expense and $1.2 million of unamortized costs in Interest expense.

Other Credit Facilities

The Company maintains two 5-year, $1.0 billion revolving credit facilities (the Facilities) through its wholly-owned subsidiaries, Ingersoll-Rand Global Holding Company Limited and Ingersoll-Rand Luxembourg Finance S.A. (collectively, the Borrowers). Each senior unsecured credit facility provides support for the Company's commercial paper program and can be used for working capital and other general corporate purposes. Ingersoll-Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l. and Ingersoll-Rand Company each provide irrevocable and unconditional guarantees for these Facilities.  In addition, each Borrower will guarantee the obligations under the Facilities of the other Borrower. Total commitments of $2.0 billion were unused at June 30, 2018 and December 31, 2017. On April 17, 2018, the Company entered into a new 5-year, $1.0 billion senior unsecured credit facility and terminated its 5-year, $1.0 billion facility set to expire in March 2019. As a result, the current maturity dates of the Facilities are March 2021 and April 2023.

Fair Value of Debt

The carrying value of the Company's short-term borrowings is a reasonable estimate of fair value due to the short-term nature of the instruments. The fair value of the Company's debt instruments at June 30, 2018 and December 31, 2017 was $4.5 billion and $4.4 billion, respectively. The Company measures the fair value of its long-term debt instruments for disclosure purposes based upon observable market prices quoted on public exchanges for similar assets. These fair value inputs are considered Level 2 within the fair value hierarchy. The methodologies used by the Company to determine the fair value of its long-term debt instruments at June 30, 2018 are the same as those used at December 31, 2017.

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Note 7. Financial Instruments

In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors. These fluctuations can increase the cost of financing, investing and operating the business. The Company may use various financial instruments, including derivative instruments, to manage the risks associated with interest rate and currency rate exposures. These financial instruments are not used for trading or speculative purposes.

On the date a derivative contract is entered into, the Company designates the derivative instrument as a cash flow hedge of a forecasted transaction or as an undesignated derivative. The Company formally documents its hedge relationships, including identification of the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking derivative instruments that are designated as hedges to specific assets, liabilities or forecasted transactions.

The Company assesses at inception, and at least quarterly thereafter, whether the derivatives used in cash flow hedging transactions are highly effective in offsetting the changes in the cash flows of the hedged item. To the extent the derivative is deemed to be a highly effective hedge, the fair market value changes of the instrument are recorded in Accumulated other comprehensive income (AOCI). Any ineffective portion of a derivative instrument’s change in fair value is recorded in Net earnings in the period of change. If the hedging relationship ceases to be highly effective, or it becomes probable that a forecasted transaction is no longer expected to occur, the hedging relationship will be undesignated and any future gains and losses on the derivative instrument will be recorded in Net earnings.

The fair values of derivative instruments included within the Condensed Consolidated Balance Sheets were as follows:

	Derivative assets				Derivative liabilities
In millions	June 30, 2018		December 31, 2017		June 30, 2018		December 31, 2017
Derivatives designated as hedges:
Currency derivatives designated as hedges	$	0.9	$	—	$	0.6	$	1.3
Derivatives not designated as hedges:
Currency derivatives not designated as hedges	1.6		7.2		16.2		1.2
Total derivatives	$	2.5	$	7.2	$	16.8	$	2.5

Asset and liability derivatives included in the table above are recorded within Other current assets and Accrued expensesandother current liabilities, respectively.

Currency Derivative Instruments

The notional amount of the Company’s currency derivatives was $0.9 billion and $0.7 billion at June 30, 2018 and December 31, 2017, respectively. At June 30, 2018 and December 31, 2017, a net gain of $0.2 million and $1.2 million, net of tax, respectively, was included in AOCI related to the fair value of the Company’s currency derivatives designated as accounting hedges. The amount expected to be reclassified into Net earnings over the next twelve months is a gain of $0.2 million. The actual amounts that will be reclassified to Net earnings may vary from this amount as a result of changes in market conditions. Gains and losses associated with the Company’s currency derivatives not designated as hedges are recorded in Net earnings as changes in fair value occur. At June 30, 2018, the maximum term of the Company’s currency derivatives was approximately 12 months.

Other Derivative Instruments

Prior to 2015, the Company utilized forward-starting interest rate swaps and interest rate locks to manage interest rate exposure in periods prior to the anticipated issuance of certain fixed-rate debt. These instruments were designated as cash flow hedges and had a notional amount of $1.3 billion. Consequently, when the contracts were settled upon the issuance of the underlying debt, any realized gains or losses in the fair values of the instruments were deferred into AOCI. These deferred gains or losses are subsequently recognized in Interest expense over the term of the related notes. The net unrecognized gain in AOCI was $7.0 million at June 30, 2018 and $6.6 million at December 31, 2017. The net deferred gain at June 30, 2018 will continue to be amortized over the term of notes with maturities ranging from 2023 to 2044. The amount expected to be amortized over the next twelve months is a net gain of $0.7 million. The Company has no forward-starting interest rate swaps or interest rate lock contracts outstanding at June 30, 2018 or December 31, 2017.

8

The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the three months ended June 30:

	Amount of gain (loss) recognized in AOCI						Location of gain (loss) reclassified from AOCI and recognized into Net earnings	Amount of gain (loss) reclassified from AOCI and recognized into Net earnings
In millions	2018			2017				2018		2017
Currency derivatives designated as hedges	$	(0.7	)	$	(1.8	)	Cost of goods sold	$	0.1	$	(0.4	)
Interest rate swaps & locks	—			—			Interest expense	0.2		(0.2		)
Total	$	(0.7	)	$	(1.8	)		$	0.3	$	(0.6	)

The following table represents the amounts associated with derivatives not designated as hedges affecting Other income/(expense), net for the three months ended June 30:

	Amount of gain (loss)          recognized in Net earnings
In millions	2018			2017
Currency derivatives not designated as hedges	$	(29.6	)	$	13.8
Total	$	(29.6	)	$	13.8

The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the six months ended June 30:

	Amount of gain (loss) recognized in AOCI					Location of gain (loss) reclassified from AOCI and recognized into Net earnings	Amount of gain (loss) reclassified from AOCI and recognized into Net earnings
In millions	2018		2017				2018			2017
Currency derivatives designated as hedges	$	1.4	$	(0.6	)	Cost of goods sold	$	(0.3	)	$	(0.7	)
Interest rate swaps & locks	—		—			Interest expense	(0.4		)	(0.3		)
Total	$	1.4	$	(0.6	)		$	(0.7	)	$	(1.0	)

The following table represents the amounts associated with derivatives not designated as hedges affecting Other income/(expense), net for the six months ended June 30:

	Amount of gain (loss) recognized in Net earnings
In millions	2018			2017
Currency derivatives not designated as hedges	$	(23.1	)	$	33.8
Total	$	(23.1	)	$	33.8

The gains and losses associated with the Company’s undesignated currency derivatives are materially offset in Other income/(expense), net by changes in the fair value of the underlying transactions.

Concentration of Credit Risk

The counterparties to the Company’s forward contracts consist of a number of investment grade major international financial institutions. The Company could be exposed to losses in the event of nonperformance by the counterparties. However, the credit ratings and the concentration of risk in these financial institutions are monitored on a continuous basis and present no significant credit risk to the Company.

Note 8. Fair Value Measurements

ASC 820, "Fair Value Measurement," (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows:

• Level 1: Observable inputs such as quoted prices in active markets;

9

• Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

• Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions.

ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2018:

In millions	Fair Value		Fair value measurements
			Level 1		Level 2		Level 3
Assets:
Derivative instruments	$	2.5	$	—	$	2.5	$	—
Liabilities:
Derivative instruments	$	16.8	$	—	$	16.8	$	—

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:

In Millions	Fair Value		Fair value measurements
			Level 1		Level 2		Level 3
Assets:
Derivative instruments	$	7.2	$	—	$	7.2	$	—
Liabilities:
Derivative instruments	$	2.5	$	—	$	2.5	$	—

Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures. The fair value of the derivative instruments are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable.

The carrying values of cash and cash equivalents, accounts receivable, and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. These methodologies used by the Company to determine the fair value of its financial assets and liabilities at June 30, 2018 are the same as those used at December 31, 2017. There have been no transfers between levels of the fair value hierarchy.

Note 9. Pensions and Postretirement Benefits Other than Pensions

The Company sponsors several U.S. defined benefit and defined contribution plans covering substantially all of the Company's U.S. employees. Additionally, the Company has many non-U.S. defined benefit and defined contribution plans covering eligible non-U.S. employees. Postretirement benefits other than pensions (OPEB) provide healthcare benefits, and in some instances, life insurance benefits for certain eligible employees.

Pension Plans

The noncontributory defined benefit pension plans covering non-collectively bargained U.S. employees provide benefits on a final average pay formula while plans for most collectively bargained U.S. employees provide benefits on a flat dollar benefit formula or a percentage of pay formula. The non-U.S. pension plans generally provide benefits based on earnings and years of service. The Company also maintains additional other supplemental plans for officers and other key or highly compensated employees.

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The components of the Company’s net periodic pension benefit cost for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Service cost	$	17.9		$	17.9		$	35.8		$	35.7
Interest cost	26.9			27.0			53.9			54.0
Expected return on plan assets	(36.7		)	(35.2		)	(73.6		)	(70.4		)
Net amortization of:
Prior service costs	1.0			0.9			2.1			1.9
Net actuarial losses	12.5			13.5			25.0			27.1
Net periodic pension benefit cost	$	21.6		$	24.1		$	43.2		$	48.3
Net curtailment and settlement (gains) losses	1.2			—			1.2			2.3
Net periodic pension benefit cost after net curtailment and settlement (gains) losses	$	22.8		$	24.1		$	44.4		$	50.6
Amounts recorded in continuing operations:
Operating income	$	16.9		$	17.2		$	34.5		$	34.3
Other income/(expense), net	3.8			4.5			5.7			11.5
Amounts recorded in discontinued operations	2.1			2.4			4.2			4.8
Total	$	22.8		$	24.1		$	44.4		$	50.6

During the three months ended June 30, 2018, the Company recognized a settlement loss associated with lump sum distributions of a non-US defined benefit plan. During the six months ended June 30, 2017, the Company recognized a curtailment loss associated with certain defined benefit plan freezes that is effective on January 1, 2022.

The Company made contributions to its defined benefit pension plans of $30.0 million and $14.6 million during the six months ended June 30, 2018 and 2017, respectively. The Company currently projects that it will contribute approximately $80 million to its plans worldwide in 2018.

Postretirement Benefits Other Than Pensions

The Company sponsors several postretirement plans that provide for healthcare benefits, and in some instances, life insurance benefits that cover certain eligible employees. These plans are unfunded and have no plan assets, but are instead funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. Generally, postretirement health benefits are contributory with contributions adjusted annually. Life insurance plans for retirees are primarily noncontributory.

The components of net periodic postretirement benefit cost for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Service cost	$	0.7		$	0.7		$	1.4		$	1.5
Interest cost	3.8			4.2			7.6			8.5
Net amortization of:
Prior service gains	(1.0		)	(2.1		)	(2.0		)	(4.3		)
Net actuarial losses	—			—			—			—
Net periodic postretirement benefit cost	$	3.5		$	2.8		$	7.0		$	5.7
Amounts recorded in continuing operations:
Operating income	$	0.7		$	0.7		$	1.4		$	1.5
Other income/(expense), net	2.0			1.7			4.0			2.9
Amounts recorded in discontinued operations	0.8			0.4			1.6			1.3
Total	$	3.5		$	2.8		$	7.0		$	5.7

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Note 10. 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 June 30, 2018 or December 31, 2017.

Changes in ordinary shares and treasury shares for the six months ended June 30, 2018 are as follows:

In millions	Ordinary shares issued		Ordinary shares held in treasury
December 31, 2017	274.0		24.5
Shares issued under incentive plans, net	1.4		—
Repurchase of ordinary shares	(5.6	)	—
June 30, 2018	269.8		24.5

Share repurchases are made from time to time in accordance with the Company's capital allocation strategy, subject to market conditions and regulatory requirements. In April 2017, the Company completed a $1.5 billion share repurchase program that began in April 2014. Shares repurchased prior to October 2014 were canceled upon repurchase and 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 was exhausted. Beginning in October 2014, repurchased shares were held in treasury, recognized at cost and presented separately on the balance sheet as a reduction to Equity. In February 2017, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares upon completion of the prior authorized program. Repurchases under this program, which began in May 2017, totaled approximately $600 million at December 31, 2017 and are held in treasury. During the six months ended June 30, 2018, the Company repurchased and canceled approximately $500 million of its ordinary shares leaving approximately $400 million remaining under the program at June 30, 2018.

The components of Equity for the six months ended June 30, 2018 were as follows:

In millions	Shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2017	$	7,140.3		$	66.6		$	7,206.9
Net earnings	568.5			8.2			576.7
Currency translation	(151.0		)	(2.7		)	(153.7		)
Derivatives qualifying as cash flow hedges, net of tax	1.8			—			1.8
Pension and OPEB adjustments, net of tax	23.4			—			23.4
Total comprehensive income (loss)	442.7			5.5			448.2
Share-based compensation	49.5			—			49.5
Adoption of ASC 606	2.4			—			2.4
Adoption of ASU 2016-16	(9.1		)	—			(9.1		)
Dividends declared to noncontrolling interests	—			(35.5		)	(35.5		)
Dividends declared to ordinary shareholders	(352.4		)	—			(352.4		)
Shares issued under incentive plans, net of tax benefit	13.8			—			13.8
Repurchase of ordinary shares	(500.1		)	—			(500.1		)
Balance at June 30, 2018	$	6,787.1		$	36.6		$	6,823.7

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The components of Equity for the six months ended June 30, 2017 were as follows:

In millions	Shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2016	$	6,643.8		$	74.5		$	6,718.3
Net earnings	475.7			7.6			483.3
Currency translation	288.9			(0.8		)	288.1
Derivatives qualifying as cash flow hedges, net of tax	0.6			—			0.6
Pension and OPEB adjustments, net of tax	7.3			—			7.3
Total comprehensive income (loss)	772.5			6.8			779.3
Share-based compensation	40.1			—			40.1
Adoption of ASU 2016-09 (1)	15.1			—			15.1
Acquisition/divestiture of noncontrolling interests	(4.9		)	(1.9		)	(6.8		)
Dividends declared to noncontrolling interests	—			(7.0		)	(7.0		)
Dividends declared to ordinary shareholders	(204.8		)	—			(204.8		)
Shares issued under incentive plans, net of tax benefit	35.0			—			35.0
Repurchase of ordinary shares	(575.2		)	—			(575.2		)
Balance at June 30, 2017	$	6,721.6		$	72.4		$	6,794.0

(1) The Company adopted ASU No. 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09) on January 1, 2017.

Accumulated Other Comprehensive Income (Loss)

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2018 are 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	1.4			4.8			(151.0		)	(144.8		)
Amounts reclassified from AOCI	0.7			25.1			—			25.8
Provision for income taxes	(0.3		)	(6.5		)	—			(6.8		)
Net current period other comprehensive income (loss)	$	1.8		$	23.4		$	(151.0	)	$	(125.8	)
Balance at June 30, 2018	$	6.5		$	(470.9	)	$	(440.2	)	$	(904.6	)

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2017 are as follows:

In millions	Derivative Instruments			Pension and OPEB			Foreign Currency Translation			Total
Balance at December 31, 2016	$	2.9		$	(554.4	)	$	(739.0	)	$	(1,290.5	)
Other comprehensive income (loss) before reclassifications	(0.6		)	(8.7		)	288.9			279.6
Amounts reclassified from AOCI	1.0			24.7			—			25.7
Provision for income taxes	0.2			(8.7		)	—			(8.5		)
Net current period other comprehensive income (loss)	$	0.6		$	7.3		$	288.9		$	296.8
Balance at June 30, 2017	$	3.5		$	(547.1	)	$	(450.1	)	$	(993.7	)

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The reclassifications out of Accumulated other comprehensive income (loss) for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Derivative Instruments
Reclassifications of deferred (gains) losses (1)	$	(0.3	)	$	0.6		$	0.7		$	1.0
Provision for (benefit from) income taxes	—			0.3			0.2			0.2
Reclassifications, net of taxes	$	(0.3	)	$	0.9		$	0.9		$	1.2
Pension and Postretirement benefits
Amortization of service costs (2)	$	—		$	(1.2	)	$	0.1		$	(2.4	)
Amortization of actuarial losses (2)	12.5			13.5			25.0			27.1
Provision for (benefit from) income taxes	(3.9		)	(3.7		)	(6.5		)	(8.7		)
Reclassifications, net of taxes	$	8.6		$	8.6		$	18.6		$	16.0
Total reclassifications, net of taxes	$	8.3		$	9.5		$	19.5		$	17.2

(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.

Note 11. Revenue

The Company recognizes revenue when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. A majority of the Company's revenues are recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenues are recognized over time as the customer simultaneously receives control as the Company performs work under a contract.

Performance Obligations

A performance obligation is a distinct good, service or a bundle of goods and services promised in a contract. The Company identifies performance obligations at the inception of a contract and allocates the transaction price to individual performance obligations to faithfully depict the Company’s performance in transferring control of the promised goods or services to the customer.

The following are the primary performance obligations identified by the Company:

Equipment and parts. The Company principally generates revenue from the sale of equipment and parts to customers and recognizes revenue at a point in time when control transfers to the customer. Transfer of control is generally determined based on the shipping terms of the contract. However, certain transactions within the Industrial segment include contracts to design, deliver and build highly engineered or customized equipment which have no alternative use for the Company in the event the customer cancels the contract. In addition, the Company has the right to payment for performance completed to date. As a result, revenues related to these contracts are recognized over time with progress towards completion measured using an input method as the basis to recognize revenue and an estimated profit. To-date efforts for work performed corresponds with and faithfully depicts transfer of control to the customer.

Contracting and Installation. The Company enters into various construction-type contracts to design, deliver and build integrated solutions to meet customer specifications. These transactions, primarily included within the Climate segment, provide services that range from the development and installation of new HVAC systems to the design and integration of critical building systems to optimize energy efficiency and overall performance. These contracts have a typical term of less than one year and are considered a single performance obligation as multiple combined goods and services promised in the contract represent a single output delivered to the customer. Revenues associated with contracting and installation contracts are recognized over time with progress towards completion measured using an input method as the basis to recognize revenue and an estimated profit. To-date efforts for work performed corresponds with and faithfully depicts transfer of control to the customer. 

14

Services and Maintenance. The Company provides various levels of preventative and/or repair and maintenance type service agreements for its customers. The typical length of a contract is 12 months but can be as long as 60 months. Revenues associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Certain repair services do not meet the definition of over time revenue recognition as the Company does not transfer control to the customer until the service is completed. As a result, revenue related to these services is recognized at a point in time.

Extended warranties. The Company enters into various warranty contracts with customers related to its products. A standard warranty generally warrants that a product is free from defects in workmanship and materials under normal use and conditions for a certain period of time. The Company’s standard warranty is not considered a distinct performance obligation as it does not provide services to customers beyond assurance that the covered product is free of initial defects. An extended warranty provides a customer with additional time that the Company is liable for covered incidents associated with its products. Extended warranties are purchased separately and can last up to five years. As a result, they are considered separate performance obligations for the Company. Revenue associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Refer to Note 19, "Commitments and Contingencies," for more information related to product warranties.

The transaction price allocated to performance obligations reflects the Company’s expectations about the consideration it will be entitled to receive from a customer. The Company’s contracts with customers, dealers and distributors include several forms of sales incentive programs (variable consideration) which are estimated and included in the transaction price. They include, but are not limited to, discounts (i.e. net 30 type), coupons, and rebates where the customer does not have to provide any additional requirements to receive the discount. The Company records an accrual (contra receivable) and a sales deduction for its best estimate determined using the expected value method. In addition, sales returns and customer disputes involving a question of quantity or price are also accounted for as variable consideration. All other incentives or incentive programs where the customer is required to reach a certain sales level, remain a customer for a certain period of time, provide a rebate form or is subject to additional requirements are accounted for as a reduction of revenue and establishment of a liability for its best estimate determined using the expected value method. The Company considers historical data in determining its best estimates of variable consideration. These estimates are reviewed regularly for appropriateness, considering also whether the estimates should be constrained in order to avoid a significant reversal of revenue recognition in a future period. If updated information or actual amounts are different from previous estimates of variable consideration, the revisions are included in the results for the period in which they become known through a cumulative effect adjustment to revenue. In addition, the Company’s contracts with customers generally do not include significant financing components or noncash consideration.

The Company enters into sales arrangements that contain multiple goods and services, such as equipment, installation and extended warranties. For these arrangements, each good or service is evaluated to determine whether it represents a distinct performance obligation. The total transaction price is then allocated to the distinct performance obligations based on their relative standalone selling price at the inception of the arrangement. If available, the Company utilizes observable prices for goods or services sold separately to similar customers in similar circumstances to determine its relative standalone selling price. Otherwise, list prices are used if they are determined to be representative of standalone selling prices. If neither of these items are available at contract inception, judgment may be required and the Company will estimate standalone selling price based on its best estimate. The Company recognizes revenue for delivered goods or services when the delivered good or service is distinct, control of the good or service has transferred to the customer, and only customary refund or return rights related to the goods or services exist. The Company excludes from revenues taxes it collects from a customer that are assessed by a government authority. Excluding noncurrent contract liabilities, unsatisfied (or partially unsatisfied) performance obligations as of the end of the reporting period are expected to be recognized as revenue within the next 12 months.

Disaggregated Revenue

A summary of Net revenues by destination for the three and six months ended June 30, 2018 is as follows:

15

In millions	Three months ended		Six months ended
Climate
United States	$	2,410.4	$	4,122.2
Non-U.S.	1,083.4		1,981.4
Total Climate	$	3,493.8	$	6,103.6
Industrial
United States	$	450.6	$	865.2
Non-U.S.	413.3		773.4
Total Industrial	$	863.9	$	1,638.6

A summary of Net revenues by major type of good or service for the three and six months ended June 30, 2018 is as follows:

In millions	Three months ended		Six months ended
Climate
Equipment	$	2,454.8	$	4,226.3
Services and parts	1,039.0		1,877.3
Total Climate	$	3,493.8	$	6,103.6
Industrial
Equipment	$	534.9	$	1,005.5
Services and parts	329.0		633.1
Total Industrial	$	863.9	$	1,638.6

Revenue from goods and services transferred to customers at a point in time accounted for approximately 85% of the Company's revenue for the six months ended June 30, 2018.

Contract Balances

The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended June 30, 2018 and December 31, 2017 were as follows:

In millions	June 30, 2018		December 31, 2017
Contract assets	$	199.6	$	166.0
Contract liabilities	864.6		814.2

The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets, and customer advances and deposits (contract liabilities) on the Condensed Consolidated Balance Sheet. In general, the Company receives payments from customers based on a billing schedule established in its contracts. Contract assets relate to the conditional right to consideration for any completed performance under the contract when costs are incurred in excess of billings under the percentage-of-completion methodology. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities relate to payments received in advance of performance under the contract or when the Company has a right to consideration that is unconditional before it transfers a good or service to the customer. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. During the three and six months ended June 30, 2018, changes in contract asset and liability balances were not materially impacted by any other factors.

Approximately 75% of the contract liability balance at the beginning of the period is expected to be recognized as revenue during 2018. 10% of this amount was recognized during the three months ended June 30, 2018 and 40% of this amount was recognized during the six months ended June 30, 2018. The remaining 25% of the contract liability balance at the beginning of the period is included within Other noncurrent liabilities and expected to be recognized as revenue during 2019 or thereafter.

ASC 606 adoption impact

Under ASC 606, the majority of the Company’s revenue continues to be recognized on a similar basis as previous accounting standards. However, certain highly engineered products sold to customers within the Industrial segment for which revenue was previously recognized at a point in time meet the criteria of a performance obligation satisfied over time. These contracts consist of equipment that is highly engineered or customized to meet the customer’s requirements. In the event the customer cancels the

16

contract, the Company will have no alternative use for the equipment as well as the right to payment for performance completed to date. This change results in accelerated recognition of revenue and increases the balance of contract assets compared to the previous revenue recognition standard.

The Company adopted ASC 606 on January 1, 2018 using the modified retrospective approach with a cumulative effect adjustment to increase Retained earnings by $2.4 million. As a result, the Company applied ASC 606 only to contracts that were not completed as of January 1, 2018. Comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods presented. The Company elected to reflect the aggregate effect of all contract modifications that occurred before the beginning of the earliest period presented in determining the transaction price, identifying the satisfied and unsatisfied performance obligations and allocating the transaction price to the satisfied and unsatisfied performance obligations for the modified contract at transition. The effects of this relief are immaterial.

The following table summarizes the impact of adopting ASC 606 on the Company’s Condensed Consolidated Statements of Comprehensive Income:

	Three months ended June 30, 2018								Six months ended June 30, 2018
In millions	As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)		As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)
Net revenues	$	4,357.7		$	4,353.7		$	4.0	$	7,742.2		$	7,734.9		$	7.3
Cost of goods sold	(2,964.1		)	(2,960.9		)	3.2		(5,384.3		)	(5,377.9		)	6.4
Selling and administrative expenses	(753.3		)	(753.3		)	—		(1,474.2		)	(1,474.2		)	—
Operating income	640.3			639.5			0.8		883.7			882.8			0.9
Interest expense	(50.3		)	(50.3		)	—		(123.2		)	(123.2		)	—
Other income/(expense), net	(3.5		)	(3.5		)	—		(7.5		)	(7.5		)	—
Earnings before income taxes	586.5			585.7			0.8		753.0			752.1			0.9
Provision for income taxes	(128.0		)	(127.8		)	0.2		(161.0		)	(160.8		)	0.2
Earnings from continuing operations	$	458.5		$	457.9		$	0.6	$	592.0		$	591.3		$	0.7

The following table summarizes the impact of adopting ASC 606 on the Company’s Balance Sheet:

	June 30, 2018
In millions	As Reported		Balances Without Adoption of ASC 606		Effect of Change Higher/(Lower)
Assets
Accounts and notes receivable, net	$	2,946.9	$	2,949.7	$	(2.8	)
Inventories, net	1,733.3		1,739.7		(6.4		)
Other current assets	512.0		501.4		10.6
Other noncurrent assets	863.4		863.4		—
Liabilities
Accrued expenses and other current liabilities	$	1,892.6	$	1,891.9	$	0.7
Deferred and noncurrent income taxes	735.4		735.4		—
Other noncurrent liabilities	1,079.5		1,079.5		—
Equity
Retained earnings	$	9,109.9	$	9,109.2	$	0.7

Note 12. Share-Based Compensation

The Company accounts for stock-based compensation plans in accordance with ASC 718, "Compensation - Stock Compensation" (ASC 718), which requires a fair-value based method for measuring the value of stock-based compensation. Fair value is measured once at the date of grant and is not adjusted for subsequent changes. The Company’s share-based compensation plans include programs for stock options, restricted stock units (RSUs), performance share units (PSUs) and deferred compensation.

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Compensation Expense

Share-based compensation expense is related to continuing operations and is included in Selling and administrative expenses. The expense recognized for the three and six months ended June 30 was as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Stock options	$	5.7		$	4.0		$	18.0		$	12.7
RSUs	8.7			6.6			22.0			16.9
Performance shares	6.9			6.8			11.3			11.2
Other	1.2			1.7			2.0			3.1
Pre-tax expense	22.5			19.1			53.3			43.9
Tax benefit	(5.5		)	(7.3		)	(13.0		)	(16.8		)
After-tax expense	$	17.0		$	11.8		$	40.3		$	27.1

Grants issued during the six months ended June 30 were as follows:

	2018			2017
	Number granted	Weighted- average fair value per award		Number granted	Weighted- average fair value per award
Stock options	1,524,625	$	15.49	1,517,235	$	13.46
RSUs	317,073	$	89.69	335,743	$	80.36
Performance shares (1)	357,096	$	106.06	391,772	$	93.17

(1) The number of performance shares represents the maximum award level.

Stock Options / RSUs

Eligible participants may receive (i) stock options, (ii) RSUs or (iii) a combination of both stock options and RSUs. The fair value of each of the Company’s stock option and RSU awards is expensed on a straight-line basis over the required service period, which is generally the 3-year vesting period. However, for stock options and RSUs granted to retirement eligible employees, the Company recognizes an expense for the entire fair value at the grant date.

The average fair value of the stock options granted is determined using the Black-Scholes option-pricing model. The following assumptions were used during the six months ended June 30:

	2018		2017
Dividend yield	2.00	%	2.00	%
Volatility	21.64	%	22.46	%
Risk-free rate of return	2.48	%	1.80	%
Expected life in years	4.8		4.8

A description of the significant assumptions used to estimate the fair value of the stock option awards is as follows:

• Volatility - The expected volatility is based on a weighted average of the Company’s implied volatility and the most recent historical volatility of the Company’s stock commensurate with the expected life.

• Risk-free rate of return - The Company applies a yield curve of continuous risk-free rates based upon the published U.S. Treasury spot rates on the grant date.

• Expected life - The expected life of the Company’s stock option awards represents the weighted-average of the actual period since the grant date for all exercised or canceled options and an expected period for all outstanding options.

• Dividend yield - The Company determines the dividend yield based upon the expected quarterly dividend payments as of the grant date and the current fair market value of the Company’s stock.

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• Forfeiture Rate - The Company analyzes historical data of forfeited options to develop a reasonable expectation of the number of options to forfeit prior to vesting per year. This expected forfeiture rate is applied to the Company’s ongoing compensation expense; however, all expense is adjusted to reflect actual vestings and forfeitures.

Performance Shares

The Company has a Performance Share Program (PSP) for key employees. The program provides awards in the form of PSUs based on performance against pre-established objectives. The annual target award level is expressed as a number of the Company's ordinary shares based on the fair market value of the Company's stock on the date of grant. All PSUs are settled in the form of ordinary shares.

Beginning with the 2018 grant year, PSU awards are earned based 50% upon a performance condition, measured by relative Cash Flow Return on Invested Capital (CROIC) growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative total shareholder return (TSR) as compared to the TSR of the industrial group of companies in the S&P 500 Index over a 3-year performance period. The fair value of the market condition is estimated using a Monte Carlo Simulation approach in a risk-neutral framework based upon historical volatility, risk-free rates and correlation matrix. Awards granted prior to 2018 are earned based 50% upon a performance condition, measured by relative EPS growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative TSR as compared to the TSR of the industrial group of companies in the S&P 500 Index over a 3-year performance period.

Deferred Compensation

The Company allows key employees to defer a portion of their eligible compensation into a number of investment choices, including its ordinary share equivalents. Any amounts invested in ordinary share equivalents will be settled in ordinary shares of the Company at the time of distribution.

Note 13. Restructuring Activities

The Company incurs ongoing costs associated with restructuring initiatives intended to result in improved operating performance, profitability and working capital levels. Actions associated with these initiatives may include workforce reduction, improving manufacturing productivity, realignment of management structures and rationalizing certain assets. The following table details restructuring charges recorded during the three and six months ended June 30:

	Three months ended				Six months ended
In millions	2018		2017		2018		2017
Climate	$	4.2	$	1.8	$	8.1	$	29.8
Industrial	1.5		3.4		37.2		8.1
Corporate and Other	1.4		0.3		6.2		0.3
Total	$	7.1	$	5.5	$	51.5	$	38.2
Cost of goods sold	$	2.5	$	2.3	$	39.0	$	32.6
Selling and administrative expenses	4.6		3.2		12.5		5.6
Total	$	7.1	$	5.5	$	51.5	$	38.2

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The changes in the restructuring reserve for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Corporate and Other			Total
December 31, 2017	$	7.4		$	6.1		$	2.5		$	16.0
Additions, net of reversals (1)	8.1			33.1			6.2			47.4
Cash paid/other	(9.5		)	(5.4		)	(6.4		)	(21.3		)
June 30, 2018	$	6.0		$	33.8		$	2.3		$	42.1

(1) Excludes the non-cash costs of asset rationalizations ($4.1 million).

Ongoing restructuring actions primarily include workforce reductions as well as the closure and consolidation of manufacturing facilities in an effort to improve the Company's cost structure. During the first quarter of 2018, the Company announced plans to close a Non-U.S. manufacturing facility within its Industrial segment and relocate production to other U.S. and Non-U.S. facilities. As of June 30, 2018, the Company had $42.1 million accrued for costs associated with its ongoing restructuring actions, of which a majority is expected to be paid within one year. These actions primarily relate to workforce reduction benefits. In addition, the Company incurred $0.6 million of non-qualified restructuring charges during six months ended June 30, 2018, which represent costs that are directly attributable to restructuring activities, but do not fall into the severance, exit or disposal category. These non-qualified restructuring charges were incurred to improve the Company's cost structure.

Note 14. Other Income/(Expense), Net

The components of Other income/(expense), net for the three and six months ended June 30 are as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Interest income	$	2.6		$	1.3		$	6.2		$	4.4
Exchange gain (loss)	(1.8		)	(3.4		)	(9.1		)	(1.5		)
Other components of net periodic benefit cost	(5.8		)	(6.2		)	(9.7		)	(14.4		)
Other activity, net	1.5			(3.2		)	5.1			(4.7		)
Other income/(expense), net	$	(3.5	)	$	(11.5	)	$	(7.5	)	$	(16.2	)

Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net includes items associated with Trane U.S. Inc. for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of asbestos recoveries. Refer to Note 19, "Commitments and Contingencies," for more information regarding asbestos-related matters.

Note 15. Income Taxes

In December 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”) which makes widespread changes to the Internal Revenue Code. The Act, among other things, reduced the U.S. federal corporate tax rate from 35% to 21%, requires companies to pay a transition tax on earnings of certain foreign subsidiaries that were previously not subject to U.S. tax and creates new income taxes on certain foreign sourced earnings.

The SEC issued Staff Accounting Bulletin No. 118 (SAB 118) which provides guidance on accounting for the tax effects of the Act and allows for adjustments to provisional amounts during a measurement period of up to one year. In accordance with SAB 118, the Company has made reasonable estimates related to (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate, (2) the liability for the transition tax and (3) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. As a result, the Company recognized a net provisional income tax benefit of $21.0 million associated with these items in 2017.

The Company continues to evaluate how the provisions of the Act will be accounted for under ASC 740, “Income Taxes” (ASC 740). The analysis is provisional and is subject to change due to the additional time required to accurately calculate and review the complex tax law.  The Company will continue to assess any regulatory guidance that is issued which could have an impact on the provisional estimates.  In addition, the Company is gathering information and performing additional analysis on these estimates, including, but not limited to, the amount of earnings and profits subject to the transition tax, the calculation of foreign tax credits, the local tax treatment of future distributions of unremitted earnings and in regard to the remeasurement of U.S. deferred taxes, the filing of its 2017 federal and state income tax returns. Measurement period adjustments will be reported as a component of

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Provision for income taxes in the reporting period the amounts are determined. The final accounting will be completed no later than one year from the enactment of the Act. 

During the three months ended June 30, 2018, the Company recognized measurement period adjustments for (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate and (2) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. A reconciliation of provisional amounts and related measurement period adjustments are as follows:

In millions	Provisional Amounts Reported			Measurement Period Adjustments			Updated Provisional Amounts
Remeasurement of deferred tax balances	$	(300.6	)	$	(1.9	)	$	(302.5	)
Transition tax	160.7			—			160.7
Change in permanent reinvestment assertion	118.9			3.5			122.4
Income tax benefit, net	$	(21.0	)	$	1.6		$	(19.4	)

The Company accounts for its Provision for income taxes in accordance with ASC 740, which requires an estimate of the annual effective income tax rate for the full year to be applied to the respective interim period, taking into account year-to-date amounts and projected results for the full year. For the six months ended June 30, 2018 and June 30, 2017, the Company's effective income tax rate was 21.4% and 25.7%, respectively. The effective income tax rate for the six months ended June 30, 2018 was higher than the U.S. statutory rate of 21% primarily due to U.S. state and local income taxes and certain non-deductible employee expenses partially offset by excess tax benefits from employee share-based payments, earnings in non-U.S. jurisdictions which in aggregate have a lower effective tax rate and a reduction to the interest liability associated with the Company's unrecognized tax benefits. The effective tax rate for the six months ended June 30, 2017 was lower than the U.S. statutory rate of 35% primarily due to excess tax benefits from employee share-based payments and earnings in non-U.S. jurisdictions, which in aggregate have a lower effective tax rate. These amounts were partially offset by a non-cash charge during the second quarter of 2017 related to the establishment of a valuation allowance on certain net deferred tax assets in Brazil of approximately $33 million.

Total unrecognized tax benefits as of June 30, 2018 and December 31, 2017 were $120.7 million and $120.5 million, respectively. Although management believes its tax positions and related provisions reflected in the Condensed Consolidated Financial Statements are fully supportable, it recognizes that these tax positions and related provisions may be challenged by various tax authorities. These tax positions and related provisions are reviewed on an ongoing basis and are adjusted as additional facts and information become available, including progress on tax audits, changes in interpretations of tax laws, developments in case law and closing of statute of limitations. To the extent that the ultimate results differ from the original or adjusted estimates of the Company, the effect will be recorded in Provision for income taxes.

The Provision for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. A significant period of time may elapse between the filing of an income tax return and the ultimate resolution of an issue raised by a revenue authority with respect to that return. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Brazil, Canada, China, France, Germany, Ireland, Italy, Mexico, Spain, the Netherlands, the United Kingdom and the United States. These examinations on their own, or any subsequent litigation related to the examinations, may result in additional taxes or penalties against the Company. If the ultimate result of these audits differ from

original or adjusted estimates, they could have a material impact on the Company’s tax provision. In general, the examination of the Company’s material tax returns is complete or effectively settled for the years prior to 2008, with certain matters prior to 2008 being resolved through appeals and litigation and also unilateral procedures as provided for under double tax treaties.

Note 16. Acquisitions and Divestitures

Acquisitions and Equity Method Investments

During the six months ended June 30, 2018, the Company acquired several businesses and entered into a joint venture. The aggregate cash paid, net of cash acquired, totaled $281.5 million and was funded through cash on hand. Acquisitions are recorded using the acquisition method of accounting in accordance with ASC 805 "Business Combinations." As a result, the aggregate price has been allocated to assets acquired and liabilities assumed based on the estimate of fair market value of such assets and liabilities

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at the date of acquisition. Ownership interests in a joint venture are accounted for under the equity method when the Company does not have a controlling financial interest and reported within Other noncurrent assets on the Balance Sheet.

Primary activity during 2018 relates to the acquisition of ICS Group Holdings Limited in January 2018. The business, reported within the Climate segment, specializes in the temporary rental of energy efficient chillers for commercial and industrial buildings across Europe. In addition, the Company continues to acquire independent dealers to expand its distribution network. Intangible assets associated with these acquisitions totaled $41.8 million and primarily relate to trademarks and customer relationships. Any excess of the purchase price over the estimated fair value of net assets acquired is recognized as goodwill and totaled $122.2 million. For certain acquisitions, the Company is still in the process of valuing the acquired assets and liabilities assumed and will adjust preliminary values, if necessary, through measurement period adjustments once fair value estimates are finalized. The impact of these acquisitions are not considered material to the Company’s results of operations.

In May 2018, the Company completed its investment of a 50% ownership interest in a joint venture with Mitsubishi Electric Corporation (Mitsubishi). The joint venture, reported within the Climate segment, will focus on marketing, selling and supporting variable refrigerant flow (VRF) and ductless heating and air conditioning systems through Trane, American Standard and Mitsubishi channels in the U.S. and select Latin American countries. Ongoing results since the date of investment are accounted for under the equity method and not considered material to the Company’s results of operations.

Divestitures

The Company has retained costs from previously sold businesses that mainly include expenses related to postretirement benefits, product liability and legal costs (mostly asbestos related). The components of Discontinued operations, net of tax for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Pre-tax earnings (loss) from discontinued operations	$	(8.6	)	$	10.0		$	(20.7	)	$	0.9
Tax benefit (expense)	2.7			(1.7		)	5.4			0.9
Discontinued operations, net of tax	$	(5.9	)	$	8.3		$	(15.3	)	$	1.8

Pre-tax earnings (loss) from discontinued operations includes costs associated with Ingersoll Rand Company for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims. Refer to Note 19, "Commitments and Contingencies," for more information related to asbestos.

Note 17. Earnings Per Share (EPS)

Basic EPS is calculated by dividing Net earnings attributable to Ingersoll-Rand plc by the weighted-average number of ordinary shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations for the three and six months ended June 30:

	Three months ended		Six months ended
In millions	2018	2017	2018	2017
Weighted-average number of basic shares	247.5	256.4	248.9	257.9
Shares issuable under incentive stock plans	2.6	3.3	2.7	3.2
Weighted-average number of diluted shares	250.1	259.7	251.6	261.1
Anti-dilutive shares	2.1	1.2	1.6	1.6

Note 18. Business Segment Information

The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies except that the operating segments’ results are prepared on a management basis that is consistent with the manner in which the Company prepares financial information for internal review and decision making. The Company largely evaluates performance based on Segment operating income and Segment operating margins. Intercompany sales between segments are considered immaterial.

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The Company's Climate segment delivers energy-efficient products and innovative energy services. It includes Trane^® and American Standard^® Heating & Air Conditioning which provide heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King^® transport temperature control solutions.

The Company's Industrial segment delivers products and services that enhance energy efficiency, productivity and operations. It includes compressed air and gas systems and services, power tools, material handling systems, ARO^® fluid management equipment, as well as Club Car ^® golf, utility and consumer low-speed vehicles.

Segment operating income is the measure of profit and loss that the Company's chief operating decision maker uses to evaluate the financial performance of the business and as the basis for performance reviews, compensation and resource allocation. For these reasons, the Company believes that Segment operating income represents the most relevant measure of segment profit and loss.

A summary of operations by reportable segment for the three and six months ended June 30 was as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Net revenues
Climate	$	3,493.8		$	3,143.8		$	6,103.6		$	5,467.9
Industrial	863.9			764.6			1,638.6			1,441.1
Total	$	4,357.7		$	3,908.4		$	7,742.2		$	6,909.0
Segment operating income
Climate	$	582.7		$	527.1		$	843.1		$	744.4
Industrial	121.2			92.2			181.1			158.0
Unallocated corporate expense	(63.6		)	(61.7		)	(140.5		)	(129.8		)
Operating income	$	640.3		$	557.6		$	883.7		$	772.6

In the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, the amounts disclosed for long-lived assets by geographic area at December 31, 2017 were inadvertently misstated.  Management determined the disclosure error was not material to the 2017 financial statements. The revised amounts have been included below:  

In millions	December 31, 2017
United States	$	1,878.1
Non-U.S.	758.5
Total	$	2,636.6

Note 19. Commitments and Contingencies

The Company is involved in various litigations, claims and administrative proceedings, including those related to environmental, asbestos, and product liability matters. In accordance with ASC 450, "Contingencies," the Company records accruals for loss contingencies when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, except as expressly set forth in this note, management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company.

Environmental Matters

The Company continues to be dedicated to environmental and sustainability programs to minimize the use of natural resources, and reduce the utilization and generation of hazardous materials from our manufacturing processes and to remediate identified environmental concerns. As to the latter, the Company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former manufacturing facilities.

The Company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state authorities. It has also been

23

identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites. For all such sites, there are other PRPs and, in most instances, the Company’s involvement is minimal.

In estimating its liability, the Company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable. The ability of other PRPs to participate has been taken into account, based on the Company's understanding of the parties’ financial condition and probable contributions on a per site basis. Additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future.

Reserves for environmental matters are classified as Accrued expensesandother current liabilities or Other noncurrent liabilities based on their expected term. As of June 30, 2018 and December 31, 2017, the Company has recorded reserves for environmental matters of $42.8 million and $41.9 million, respectively. Of these amounts, $37.2 million and $36.8 million, respectively, relate to remediation of sites previously disposed of by the Company.

Asbestos-Related Matters

Certain wholly-owned subsidiaries and former companies of ours are named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims have been filed against either Ingersoll-Rand Company or Trane U.S. Inc. (Trane) and generally allege injury caused by exposure to asbestos contained in certain historical products sold by Ingersoll-Rand Company or Trane, primarily pumps, boilers and railroad brake shoes. None of our existing or previously-owned businesses were a producer or manufacturer of asbestos.

The Company engages an outside expert to assist in calculating an estimate of the Company’s total liability for pending and unasserted future asbestos-related claims and annually performs a detailed analysis with the assistance of an outside expert to update its estimated asbestos-related liability. The methodology used to project the Company’s total liability for pending and unasserted potential future asbestos-related claims relied upon and included the following factors, among others:

• the outside expert’s interpretation of a widely accepted forecast of the population likely to have been occupationally exposed to asbestos;

• epidemiological studies estimating the number of people likely to develop asbestos-related diseases such as mesothelioma and lung cancer;

• the Company’s historical experience with the filing of non-malignancy claims and claims alleging other types of malignant diseases filed against the Company relative to the number of lung cancer claims filed against the Company;

• the outside expert’s analysis of the number of people likely to file an asbestos-related personal injury claim against the Company based on such epidemiological and historical data and the Company’s most recent three-year claims history;

• an analysis of the Company’s pending cases, by type of disease claimed and by year filed;

• an analysis of the Company’s most recent three-year history to determine the average settlement and resolution value of claims, by type of disease claimed;

• an adjustment for inflation in the future average settlement value of claims, at a 2.5% annual inflation rate, adjusted downward to 1.5% to take account of the declining value of claims resulting from the aging of the claimant population; and

• an analysis of the period over which the Company has and is likely to resolve asbestos-related claims against it in the future.

At June 30, 2018 and December 31, 2017, over 80 percent of the open claims against the Company are non-malignancy or unspecified disease claims, many of which have been placed on inactive or deferral dockets and the vast majority of which have little or no settlement value against the Company, particularly in light of recent changes in the legal and judicial treatment of such claims.

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The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries were included in the following balance sheet accounts:

In millions	June 30, 2018		December 31, 2017
Accrued expenses and other current liabilities	$	48.9	$	48.2
Other noncurrent liabilities	516.4		556.6
Total asbestos-related liabilities	$	565.3	$	604.8
Other current assets	$	63.9	$	56.1
Other noncurrent assets	192.1		210.3
Total asset for probable asbestos-related insurance recoveries	$	256.0	$	266.4

The Company's asbestos insurance receivables related to Ingersoll-Rand Company and Trane were $130.5 million and $125.5 million at June 30, 2018, respectively, and $138.5 million and $127.9 million at December 31, 2017, respectively. The receivable attributable to Trane for probable insurance recoveries as of June 30, 2018 is entirely supported by settlement agreements between Trane and the respective insurance carriers. Most of these settlement agreements constitute “coverage-in-place” arrangements, in which the insurer signatories agree to reimburse Trane for specified portions of its costs for asbestos bodily injury claims and Trane agrees to certain claims-handling protocols and grants to the insurer signatories certain releases and indemnifications.

The costs associated with the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of the Company's liability for potential future claims are included in the income statement within continuing operations or discontinued operations depending on the business to which they relate. The income (expense) associated with these transactions, for the three and six months ended June 30, were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Continuing operations	$	(0.7	)	$	(2.6	)	$	0.8		$	(2.6	)
Discontinued operations	(2.3		)	16.0			(9.5		)	12.7
Total	$	(3.0	)	$	13.4		$	(8.7	)	$	10.1

Ongoing income and expenses associated with Ingersoll-Rand Company's asbestos-related matters are recorded within discontinued operations as they relate to previously divested businesses, primarily Ingersoll-Dresser Pump, which was sold by the Company in 2000. During the second quarter of 2017, the Company reached a settlement with insurance carriers related to Ingersoll Rand Company asbestos matters. Ongoing income and expenses associated with Trane’s asbestos-related matters are recorded within continuing operations.

In 2012 and 2013, Ingersoll-Rand Company filed actions in the Superior Court of New Jersey, Middlesex County, seeking a declaratory judgment and other relief regarding the Company’s rights to defense and indemnity for asbestos claims. The defendants were several dozen solvent insurance companies, including companies that had been paying a portion of Ingersoll-Rand Company’s asbestos claim defense and indemnity costs. The responding defendants generally challenged the Company’s right to recovery, and raised various coverage defenses. Since filing the actions, Ingersoll-Rand Company has settled with approximately two-thirds of the insurer defendants, and has dismissed one of the actions in its entirety.

The Company continually monitors the status of pending litigation that could impact the allocation of asbestos claims against the Company's various insurance policies. The Company has concluded that its Ingersoll-Rand Company insurance receivable is probable of recovery because of the following factors:

• Ingersoll-Rand Company has reached favorable settlements regarding asbestos coverage claims for the majority of its recorded asbestos-related insurance receivable;

• a review of other companies in circumstances comparable to Ingersoll-Rand Company, including Trane, and the success of other companies in recovering under their insurance policies, including Trane's favorable settlements referenced above;

• the Company's confidence in its right to recovery under the terms of its policies and pursuant to applicable law; and

• the Company's history of receiving payments under the Ingersoll-Rand Company insurance program, including under policies that had been the subject of prior litigation.

25

The amounts recorded by the Company for asbestos-related liabilities and insurance-related assets are based on currently available information. The Company’s actual liabilities or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the calculations vary significantly from actual results. Key variables in these assumptions include the number and type of new claims to be filed each year, the average cost of resolution of each such new claim, the resolution of coverage issues with insurance carriers, and the solvency risk with respect to the Company’s insurance carriers. Furthermore, predictions with respect to these variables are subject to greater uncertainty as the projection period lengthens. Other factors that may affect the Company’s liability include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation.

The aggregate amount of the stated limits in insurance policies available to the Company for asbestos-related claims acquired over many years and from many different carriers, is substantial. However, limitations in that coverage, primarily due to the considerations described above, are expected to result in the projected total liability to claimants substantially exceeding the probable insurance recovery.

Warranty Liability

Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available.

The changes in the standard product warranty liability for the six months ended June 30 were as follows:

In millions	2018			2017
Balance at beginning of period	$	270.5		$	261.6
Reductions for payments	(74.0		)	(65.8		)
Accruals for warranties issued during the current period	75.1			64.3
Changes to accruals related to preexisting warranties	4.5			2.4
Translation	(1.5		)	3.4
Balance at end of period	$	274.6		$	265.9

Standard product warranty liabilities are classified as Accrued expensesandother current liabilities or Other noncurrent liabilities based on their expected term. The Company's total current standard product warranty reserve at June 30, 2018 and December 31, 2017 was $147.5 million and $144.5 million, respectively.

The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Net revenues on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability.

The changes in the extended warranty liability for the six months ended June 30 were as follows:

In millions	2018			2017
Balance at beginning of period	$	293.0		$	295.9
Amortization of deferred revenue for the period	(54.6		)	(52.8		)
Additions for extended warranties issued during the period	57.0			55.2
Changes to accruals related to preexisting warranties	(0.1		)	0.7
Translation	(0.9		)	1.1
Balance at end of period	$	294.4		$	300.1

The extended warranty liability is classified as Accrued expensesandother current liabilities or Other noncurrent liabilities based on the timing of when the deferred revenue is expected to be amortized into revenue. The Company's total current extended warranty liability at June 30, 2018 and December 31, 2017 was $102.8 million and $100.0 million, respectively.

Other Commitments and Contingencies

Trane has performance guarantees related to energy savings contracts, totaling approximately $450 million extending from 2018-2038. These guarantees are provided under the maintenance portion of contracting and installation agreements. Through

26

June 30, 2018, the Company has experienced no significant losses under such arrangements and considers the probability of any significant future losses to be remote.

Note 20. Guarantor Financial Information

Ingersoll-Rand plc (Plc or Parent Company) and certain of its 100% directly or indirectly owned subsidiaries provide guarantees of public debt issued by other 100% directly or indirectly owned subsidiaries. The following condensed consolidating financial information is provided so that separate financial statements of these subsidiary issuer and guarantors are not required to be filed with the U.S. Securities and Exchange Commission.

The following table shows the Company’s guarantor relationships as of June 30, 2018:

Parent, issuer or guarantors	Notes issued	Notes guaranteed (1)
Ingersoll-Rand plc (Plc)	None	All registered notes and debentures
Ingersoll-Rand Irish Holdings Unlimited Company (Irish Holdings)	None	All notes issued by Global Holding and Lux Finance
Ingersoll-Rand Lux International Holding Company S.à.r.l. (Lux International)	None	All notes issued by Global Holding and Lux Finance
Ingersoll-Rand Global Holding Company Limited (Global Holding)	2.900% Senior notes due 2021 4.250% Senior notes due 2023 3.750% Senior notes due 2028 5.750% Senior notes due 2043 4.300% Senior notes due 2048	All notes issued by Lux Finance
Ingersoll-Rand Company (New Jersey)	9.000% Debentures due 2021 7.200% Debentures due 2019-2025 6.480% Debentures due 2025 Puttable debentures due 2027-2028	All notes issued by Global and Lux Finance
Ingersoll-Rand Luxembourg Finance S.A. (Lux Finance)	2.625% Notes due 2020 3.550% Notes due 2024 4.650% Notes due 2044	All notes and debentures issued by Global and New Jersey

(1) All subsidiary issuers and all guarantors provide irrevocable guarantees of borrowings, if any, made under revolving credit facilities.

Each subsidiary debt issuer and guarantor is owned 100% directly or indirectly by the Parent Company. Each guarantee is full and unconditional, and provided on a joint and several basis. There are no significant restrictions of the Parent Company, or any guarantor, to obtain funds from its subsidiaries, such as provisions in debt agreements that prohibit dividend payments, loans or advances to the parent by a subsidiary.

Basis of presentation

The following Condensed Consolidating Financial Statements present the financial position, results of operations and cash flows of each issuer or guarantor on a legal entity basis. The financial information for all periods has been presented based on the Company’s legal entity ownerships and guarantees outstanding at June 30, 2018. Assets and liabilities are attributed to each issuer and guarantor generally based on legal entity ownership. Investments in subsidiaries of the Parent Company, subsidiary guarantors and issuers represent the proportionate share of their subsidiaries’ net assets. Certain adjustments are needed to consolidate the Parent Company and its subsidiaries, including the elimination of investments in subsidiaries and related activity that occurs between entities in different columns. These adjustments are presented in the Consolidating Adjustments column. This basis of presentation is intended to comply with the specific reporting requirements for subsidiary issuers and guarantors, and is not intended to present the Company’s financial position or results of operations or cash flows for any other purpose.

27

Condensed Consolidating Statement of Comprehensive Income

For the three 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	$	—		$	—		$	—		$	—		$	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

28

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

29

Condensed Consolidating Statement of Comprehensive Income

For the three 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	$	—		$	—	$	—		$	—		$	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

30

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

31

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

32

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

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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

34

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

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Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause a difference include, but are not limited to, those discussed under Part II, Item 1A – Risk Factors in this Quarterly Report on Form 10-Q; and under Part I, Item 1A – Risk Factors in the Annual Report on Form 10-K for the fiscal year ended December 31, 2017. The following section is qualified in its entirety by the more detailed information, including our financial statements and the notes thereto, which appears elsewhere in this Quarterly Report.

Overview

Organizational

We are a diversified, global company that provides products, services and solutions to enhance the quality, energy efficiency and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. Our business segments consist of Climate and Industrial, both with strong brands and highly differentiated products within their respective markets. We generate revenue and cash primarily through the design, manufacture, sale and service of a diverse portfolio of industrial and commercial products that include well-recognized, premium brand names such as Ingersoll-Rand^®, Trane^®, Thermo King^®, American Standard^®, ARO^®,and Club Car^®.

To achieve our mission of being a world leader in creating comfortable, sustainable and efficient environments, we continue to focus on growth by increasing our recurring revenue stream from parts, service, controls, used equipment and rentals; and to continuously improve the efficiencies and capabilities of the products and services of our businesses. We also continue to focus on operational excellence strategies as a central theme to improving our earnings and cash flows.

Trends and Economic Events

We are a global corporation with worldwide operations. As a global business, our operations are affected by worldwide, regional and industry-specific economic factors, as well as political factors, wherever we operate or do business. Our geographic and industry diversity, and the breadth of our product and services portfolios, have helped mitigate the impact of any one industry or the economy of any single country on our consolidated operating results.

Given the broad range of products manufactured and geographic markets served, management uses a variety of factors to predict the outlook for the Company. We monitor key competitors and customers in order to gauge relative performance and the outlook for the future. We regularly perform detailed evaluations of the different market segments we are serving to proactively detect trends and to adapt our strategies accordingly. In addition, we believe our order rates are indicative of future revenue and thus a key measure of anticipated performance. In those industry segments where we are a capital equipment provider, revenues depend on the capital expenditure budgets and spending patterns of our customers, who may delay or accelerate purchases in reaction to changes in their businesses and in the economy.

Current economic conditions are showing positive trends in each of the segments in which we participate. Heating, Ventilation, and Air Conditioning (HVAC) equipment replacement, services, controls and aftermarket continue to experience strong demand. In addition, Residential and Commercial new construction have seen continued momentum in the United States which is positively impacting the results of our HVAC businesses. However, markets in Europe, Middle East and Asia are mixed. Global Industrial markets are showing continued growth in equipment and services. In 2018, we expect growth in both our Climate and Industrial segments, each benefiting from operational excellence initiatives, new product launches and continued productivity programs.

We believe we have a solid foundation of global brands and strong market positions in all of our major product lines. Our growing geographic and industry diversity coupled with our large installed product base provides growth opportunities within our service, parts and replacement revenue streams. In addition, we are investing substantial resources to innovate and develop new products and services which we expect will drive our future growth.

Significant Events

Tax Cuts and Job Act

In December 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”) which makes widespread changes to the Internal Revenue Code. The Act, among other things, reduced the U.S. federal corporate tax rate from 35% to 21%, requires companies to pay a transition tax on earnings of certain foreign subsidiaries that were previously not subject to U.S. tax and creates new income taxes on certain foreign sourced earnings. The SEC issued Staff Accounting Bulletin No. 118 (SAB 118) which provides guidance on accounting for the tax effects of the Act and allows for adjustments to provisional amounts during a measurement period of up to one year.  In accordance with SAB 118, we have made reasonable estimates related to (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate, (2) the liability for the transition tax and (3) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. As a result, we recognized a net provisional income tax benefit of $21.0 million associated with these items in 2017. We are continuing to evaluate how the

36

provisions of the Act will be accounted for under ASC 740, “Income Taxes” (ASC 740).  The analysis is provisional and is subject to change due to the additional time required to accurately calculate and review the complex tax law. Measurement period adjustments will be reported as a component of Provision for income taxes in the reporting period the amounts are determined. The final accounting will be completed no later than one year from the enactment of the Act. For the quarter ended June 30, 2018, we recorded measurement period adjustments of $1.6 million, net to reduce the provisional amounts recorded as of December 31, 2017.

Issuance and Redemption of Senior Notes

In February 2018, we issued $1.15 billion principal amount of senior notes in three tranches through an indirect, wholly-owned subsidiary. The tranches consist of $300 million aggregate principal amount of 2.900% senior notes due 2021, $550 million aggregate principal amount of 3.750% senior notes due 2028 and $300 million aggregate principal amount of 4.300% senior notes due 2048. In March 2018, we used the proceeds to fund the redemption of $750 million aggregate principal amount of 6.875% senior notes due 2018 and $350 million aggregate principal amount of 2.875% senior notes due 2019, with the remainder used for general corporate purposes.

Acquisitions and Equity Method Investments

During the six months ended June 30, 2018, we acquired several businesses and entered into a joint venture. The aggregate cash paid, net of cash acquired, totaled $281.5 million and was funded through cash on hand. Acquisition activity during 2018 primarily related to ICS Group Holdings Limited which was acquired in January 2018. The business, reported within the Climate segment, specializes in the temporary rental of energy efficient chillers for commercial and industrial buildings across Europe. In addition, we continue to acquire independent dealers to expand our distribution network. In May 2018, we completed our investment of a 50% ownership interest in a joint venture with Mitsubishi Electric Corporation (Mitsubishi). The joint venture, reported within the Climate segment, will focus on marketing, selling and supporting variable refrigerant flow (VRF) and ductless heating and air conditioning systems through Trane, American Standard and Mitsubishi channels in the U.S. and select Latin American countries.

Share Repurchase Program and Dividends

Share repurchases are made from time to time in accordance with our capital allocation strategy, subject to market conditions and regulatory requirements. In February 2017, our Board of Directors authorized the repurchase of up to $1.5 billion of our ordinary shares. Repurchases under this program, which began in May 2017, totaled approximately $600 million at December 31, 2017 and are held in treasury. During the six months ended June 30, 2018, we repurchased and canceled approximately $500 million of our ordinary shares leaving approximately $400 million remaining under the program at June 30, 2018.

In June 2018, we announced an increase in our quarterly share dividend from $0.45 to $0.53 per ordinary share. This reflects a 18.0% increase that will begin with our September 2018 payment.

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Results of Operations

Our Climate segment delivers energy-efficient products and innovative energy services. It includes Trane^® and American Standard^® Heating & Air Conditioning which provide heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King^® transport temperature control solutions.

Our Industrial segment delivers products and services that enhance energy efficiency, productivity and operations. It includes compressed air and gas systems and services, power tools, material handling systems, ARO^® fluid management equipment, as well as Club Car ^® golf, utility and consumer low-speed vehicles.

Segment operating income is the measure of profit and loss that our chief operating decision maker uses to evaluate the financial performance of the business and as the basis for performance reviews, compensation and resource allocation. For these reasons, we believe that Segment operating income represents the most relevant measure of segment profit and loss. We define Segment operating margin as Segment operating income as a percentage of Net revenues.

On January 1, 2018, we adopted Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. We adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million. Related amounts did not materially impact Net revenues, Operating income or the Balance Sheet.

Three Months EndedJune 30, 2018 Compared to the Three Months EndedJune 30, 2017

Dollar amounts in millions	2018			2017			Period Change			2018 % of revenues		2017 % of revenues
Net revenues	$	4,357.7		$	3,908.4		$	449.3
Cost of goods sold	(2,964.1		)	(2,653.1		)	(311.0		)	68.0	%	67.9	%
Selling and administrative expenses	(753.3		)	(697.7		)	(55.6		)	17.3	%	17.8	%
Operating income	640.3			557.6			82.7			14.7	%	14.3	%
Interest expense	(50.3		)	(54.1		)	3.8
Other income/(expense), net	(3.5		)	(11.5		)	8.0
Earnings before income taxes	586.5			492.0			94.5
Provision for income taxes	(128.0		)	(138.1		)	10.1
Earnings from continuing operations	458.5			353.9			104.6
Discontinued operations, net of tax	(5.9		)	8.3			(14.2		)
Net earnings	$	452.6		$	362.2		$	90.4

Net Revenues

Net revenues for the three months ended June 30, 2018 increased by 11.5%, or $449.3 million, compared with the same period in 2017, which resulted from the following:

Volume/product mix	7.5	%
Acquisitions	1.0	%
Pricing	1.4	%
Currency translation	1.6	%
Total	11.5	%

The increase was primarily driven by higher volumes in our Climate and Industrial segments. Improved pricing, along with incremental revenues from acquisitions, further contributed to the year-over-year increase. In addition, each segment benefited from favorable foreign currency exchange rate movements.

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Our revenues by segment for the three month period ended June 30 are as follows:

Dollar amounts in millions	2018		2017		% change
Climate	$	3,493.8	$	3,143.8	11.1%
Industrial	863.9		764.6		13.0%
Total	$	4,357.7	$	3,908.4

Climate

Net revenues for the three months ended June 30, 2018 increased by 11.1% or $350.0 million, compared with the same period of 2017. The primary driver of the increase related to incremental volumes in each of our businesses. The components of the period change are as follows:

Volume/product mix	7.5	%
Acquisitions	0.9	%
Pricing	1.4	%
Currency translation	1.3	%
Total	11.1	%

Industrial

Net revenues for the three months ended June 30, 2018 increased by 13.0% or $99.3 million, compared with the same period of 2017. The primary driver of the increase related to incremental volumes in each of our businesses. The components of the period change are as follows:

Volume/product mix	7.3	%
Acquisitions	1.4	%
Pricing	1.5	%
Currency translation	2.8	%
Total	13.0	%

Operating Income/Margin

Operating margin increased from 14.3% for the three months ended June 30, 2017 to 14.7% for the same period in 2018. The increase was primarily the result of favorable product mix and volume (0.8%) and pricing in excess of material inflation (0.1%). These amounts were partially offset by increased investment and restructuring spending (0.4%) and step-up amortization related to recent acquisitions (0.1%).

Dollar amounts in millions	2018 Operating Income (Expense)			2017 Operating Income (Expense)			Period Change			2018 Operating Margin		2017 Operating Margin
Climate	$	582.7		$	527.1		$	55.6		16.7	%	16.8	%
Industrial	121.2			92.2			29.0			14.0	%	12.1	%
Unallocated corporate expenses	(63.6		)	(61.7		)	(1.9		)	N/A		N/A
Total	$	640.3		$	557.6		$	82.7		14.7	%	14.3	%

Climate

Operating margin decreased slightly for the three months ended June 30, 2018, compared to the same period of 2017. The Climate segment experienced favorable product mix and volume (0.7%) which was slightly more than offset by investment and restructuring spending (0.4%), other inflation in excess of productivity benefits (0.2%), step-up amortization related to recent acquisitions (0.1%), and material inflation in excess of pricing (0.1%).

Industrial

Operating margin increased to 14.0% for the three months ended June 30, 2018 compared to 12.1% for the same period of 2017. The increase was primarily due to increased productivity in excess of other inflation (1.1%), favorable product mix and volume

39

(0.8%), pricing increases in excess of material inflation (0.3%) and favorable foreign currency exchange rate movements (0.2%). These amounts were partially offset by the timing of investment and restructuring spending (0.5%).

Unallocated Corporate Expenses

Unallocated corporate expense for the three months ended June 30, 2018 increased by $1.9 million compared with the same period of 2017.  The increase in expenses primarily relates to higher compensation and benefit charges related to variable compensation and restructuring actions.

Interest Expense

Interest expense for the three months ended June 30, 2018decreased by$3.8 million compared with the same period of 2017. During the first quarter of 2018, we issued $1.15 billion of senior notes and redeemed $1.1 billion of senior notes. The decrease primarily relates to lower interest rates on the new debt issuance. This amount was partially offset by interest costs associated with outstanding short-term-financing arrangements during the current period.

Other Income/(Expense), Net

The components of Other income/(expense), net for the three months ended June 30 were as follows:

In millions	2018			2017
Interest income	$	2.6		$	1.3
Exchange gain (loss)	(1.8		)	(3.4		)
Other components of net periodic benefit cost	(5.8		)	(6.2		)
Other activity, net	1.5			(3.2		)
Other income/(expense), net	$	(3.5	)	$	(11.5	)

Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, we include the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net includes items associated with Trane U.S. Inc. (Trane) for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims.

Provision for Income Taxes

For the three months ended June 30, 2018, our effective tax rate was 21.8% which is higher than the U.S. Statutory rate of 21% primarily due to U.S. state and local income taxes and certain non-deductible employee expense, partially offset by earnings in non-U.S. jurisdictions, which in aggregate, have a lower effective tax rate and a reduction to the interest liability associated with our unrecognized tax benefits. The effective tax rate for the three months ended June 30, 2017 was 28.1% which is lower than the U.S. statutory rate of 35% primarily due to excess tax benefits from employee share-based payments and earnings in non-U.S. jurisdictions, which in aggregate, have a lower effective tax rate. These amounts were partially offset by a non-cash charge related to the establishment of a valuation allowance on certain net deferred tax assets in Brazil. In general, when comparing the results of multiple reporting periods, among other factors, the mix of earnings between U.S. and foreign jurisdictions can cause variability on our overall effective tax rate.

40

Six Months EndedJune 30, 2018 Compared to the Six Months EndedJune 30, 2017

In millions, except per share amounts	2018			2017			Period Change			2018 % of revenues		2017 % of revenues
Net revenues	$	7,742.2		$	6,909.0		$	833.2
Cost of goods sold	(5,384.3		)	(4,779.2		)	(605.1		)	69.5	%	69.2	%
Selling and administrative expenses	(1,474.2		)	(1,357.2		)	(117.0		)	19.0	%	19.6	%
Operating income	883.7			772.6			111.1			11.4	%	11.2	%
Interest expense	(123.2		)	(108.1		)	(15.1		)
Other income/(expense), net	(7.5		)	(16.2		)	8.7
Earnings before income taxes	753.0			648.3			104.7
Provision for income taxes	(161.0		)	(166.8		)	5.8
Earnings from continuing operations	592.0			481.5			110.5
Discontinued operations, net of tax	(15.3		)	1.8			(17.1		)
Net earnings	$	576.7		$	483.3		$	93.4

Net Revenues

Net revenues for the six months ended June 30, 2018 increased by 12.1%, or $833.2 million, compared with the same period in 2017, which resulted from the following:

Volume/product mix	7.6	%
Acquisitions	1.1	%
Pricing	1.1	%
Currency translation	2.3	%
Total	12.1	%

The increase was primarily driven by higher volumes in both our Climate and Industrial segments. Improved pricing, along with incremental revenues from acquisitions, further contributed to the year-over-year increase. In addition, each segment benefited from favorable foreign currency exchange rate movements.

Our revenues by segment for the six month period ended June 30 are as follows:

Dollar amounts in millions	2018		2017		% change
Climate	$	6,103.6	$	5,467.9	11.6%
Industrial	1,638.6		1,441.1		13.7%
Total	$	7,742.2	$	6,909.0

Climate

Net revenues for the six months ended June 30, 2018 increased by 11.6% or $635.7 million, compared with the same period of 2017. The primary driver of the increase related to incremental volumes in each of our businesses. The components of the period change are as follows:

Volume/product mix	7.6	%
Acquisitions	1.1	%
Pricing	1.0	%
Currency translation	1.9	%
Total	11.6	%

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Industrial

Net revenues for the six months ended June 30, 2018 increased by 13.7% or $197.5 million, compared with the same period of 2017. The primary driver of the increase related to incremental volumes in each of our businesses. The components of the period change are as follows:

Volume/product mix	7.3	%
Acquisitions	1.4	%
Pricing	1.3	%
Currency translation	3.7	%
Total	13.7	%

Operating Income/Margin

Operating margin increased from 11.2% for the six months ended June 30, 2017 to 11.4% for the same period in 2018. The increase was primarily the result of favorable product mix and volume (1.0%) and favorable foreign currency exchange rate movements (0.1%). These amounts were partially offset by increased investment and restructuring spending (0.5%), material inflation in excess of pricing (0.2%), other inflation in excess of productivity benefits (0.1%) and step-up amortization related to recent acquisitions (0.1%).

Dollar amounts in millions	2018 Operating Income (Expense)			2017 Operating Income (Expense)			Period Change			2018 Operating Margin		2017 Operating Margin
Climate	$	843.1		$	744.4		$	98.7		13.8	%	13.6	%
Industrial	181.1			158.0			23.1			11.1	%	11.0	%
Unallocated corporate expenses	(140.5		)	(129.8		)	(10.7		)	N/A		N/A
Total	$	883.7		$	772.6		$	111.1		11.4	%	11.2	%

Climate

Operating margin increased from 13.6% for the six months ended June 30, 2017 to 13.8% for the same period in 2018. The increase was due to favorable product mix and volume (0.8%), a decrease in restructuring actions and timing of investment spending (0.2%). These amounts were partially offset by other inflation in excess of productivity benefits (0.4%), material inflation in excess of pricing (0.3%), and step-up amortization related to recent acquisitions (0.1%).

Industrial

Operating margin increased to 11.1% for the six months ended June 30, 2018 compared to 11.0% for the same period of 2017. The increase was primarily due to favorable product mix and volume (1.4%), increased productivity in excess of other inflation (1.1%), pricing increases in excess of material inflation (0.3%) and favorable foreign currency exchange rate movements (0.3%). These amounts were partially offset by the timing of restructuring and investment spending (2.9%) and step-up amortization related to recent acquisitions (0.1%).

Unallocated Corporate Expenses

Unallocated corporate expenses for the six months ended June 30, 2018 increased by $10.7 million compared with the same period of 2017. The increase in expenses primarily relates to higher compensation and benefit charges related to variable compensation and restructuring actions.

Interest Expense

Interest expense for the six months ended June 30, 2018 increased $15.1 million compared with the same period of 2017. During the first quarter of 2018, we issued $1.15 billion of senior notes and redeemed $1.1 billion of senior notes. The increase primarily relates to the redemption of the senior notes in which we recognized $15.4 million of premium expense and $1.2 million of unamortized costs in Interest expense. This amount was partially offset by lower interest rates on the new senior notes issued during the period.

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Other Income/(Expense), Net

The components of Other income/(expense), net for the six months ended June 30 are as follows:

In millions	2018			2017
Interest income	$	6.2		$	4.4
Exchange gain (loss)	(9.1		)	(1.5		)
Other components of net periodic benefit cost	(9.7		)	(14.4		)
Other activity, net	5.1			(4.7		)
Other income/(expense), net	$	(7.5	)	$	(16.2	)

Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, we include the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net includes items associated with Trane for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims.

Provision for Income Taxes

For the six months ended June 30, 2018, our effective tax rate was 21.4% which is higher than the U.S. statutory rate of 21% primarily due to U.S. state and local income taxes and certain non-deductible employee expenses, partially offset by excess tax benefits from employee share-based payments, earnings in non-U.S. jurisdictions, which in aggregate have a lower effective tax rate and a reduction to the interest liability associated with our unrecognized tax benefits. The effective tax rate for the six months ended June 30, 2017 was 25.7% which was lower than the U.S. statutory rate of 35% primarily due to excess tax benefits from employee share-based payments and earnings in non-U.S. jurisdictions, which in aggregate have a lower effective tax rate, partially offset by a non-cash charge related to the establishment of a valuation allowance on certain net deferred tax assets in Brazil. In general, when comparing the results of multiple reporting periods, among other factors, the mix of earnings between U.S. and foreign jurisdictions can cause variability on our overall effective tax rate.

Liquidity and Capital Resources

We assess our liquidity in terms of our ability to generate cash to fund our operating, investing and financing activities. In doing so, we review and analyze our current cash on hand, the number of days our sales are outstanding, inventory turns, capital expenditure commitments and income tax payments. Our cash requirements primarily consist of the following:

• Funding of working capital

• Funding of capital expenditures

• Debt service requirements

Our primary sources of liquidity include cash balances on hand, cash flows from operations, proceeds from debt offerings, commercial paper, and borrowing availability under our existing credit facilities. We earn a significant amount of our operating income in jurisdictions where it is deemed to be permanently reinvested. Our most prominent jurisdiction of operation is the U.S. We expect existing cash and cash equivalents available to the U.S. operations, the cash generated by our U.S. operations, our committed credit lines as well as our expected ability to access the capital and debt markets will be sufficient to fund our U.S. operating and capital needs for at least the next twelve months and thereafter for the foreseeable future. In addition, we expect existing non-U.S. cash and cash equivalents and the cash generated by our non-U.S. operations will be sufficient to fund our non-U.S. operating and capital needs for at least the next twelve months and thereafter for the foreseeable future.

As of June 30, 2018, we had approximately $1.0 billion of cash and cash equivalents on hand, of which approximately $0.9 billion was held by non-U.S. subsidiaries. Cash and cash equivalents held by our non-U.S. subsidiaries are generally available for use in our U.S. operations via intercompany loans, equity infusions or via distributions from direct or indirectly owned non-U.S. subsidiaries for which we do not elect permanent reinvestment. We currently have no plans to repatriate funds from subsidiaries for which we elect permanent reinvestment to fund our U.S. operations. However, if we decided to repatriate such funds to fund our U.S. operations, we would be required to accrue and pay applicable taxes.

Share repurchases are made from time to time in accordance with our capital allocation strategy, subject to market conditions and regulatory requirements. In February 2017, our Board of Directors authorized the repurchase of up to $1.5 billion of our ordinary shares. Repurchases under this program, which began in May 2017, totaled approximately $600 million at December 31, 2017 and are held in treasury. During the six months ended June 30, 2018, we repurchased and canceled approximately $500 million of our ordinary shares leaving approximately $400 million remaining under the program at June 30, 2018.

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In June 2018, we announced an increase in our quarterly share dividend from $0.45 to $0.53 per ordinary share. This reflects an 18.0% increase that will begin with our September 2018 payment. We continue to be active with acquisitions and joint venture activity. Since the beginning of 2018, we entered into a joint venture and acquired several businesses, including channel acquisitions, that complement existing products and services further growing our product portfolio. In addition, we incur ongoing costs associated with restructuring initiatives intended to result in improved operating performance, profitability and working capital levels. Actions associated with these initiatives may include workforce reductions, improving manufacturing productivity, realignment of management structures and rationalizing certain assets. We expect that our available cash flow, committed credit lines and access to the capital markets will be sufficient to fund share repurchases, dividends, ongoing restructuring actions, acquisitions and joint venture activity.

Liquidity

The following table contains several key measures of our financial condition and liquidity at the period ended:

In millions	June 30, 2018			December 31, 2017
Cash and cash equivalents	$	969.5		$	1,549.4
Short-term borrowings and current maturities of long-term debt	599.6			1,107.0
Long-term debt	3,738.9			2,957.0
Total debt	4,338.5			4,064.0
Total Ingersoll-Rand plc shareholders’ equity	6,787.1			7,140.3
Total equity	6,823.7			7,206.9
Debt-to-total capital ratio	38.9		%	36.1		%

Debt and Credit Facilities

Our short-term obligations primarily consist of current maturities of long-term debt and commercial paper.  We have outstanding $343.0 million of fixed rate debentures that contain a put feature that the holders may exercise on each anniversary of the issuance date.  If exercised, we are obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount (plus accrued and unpaid interest) of the debentures held by the holder.  In addition, we also maintain a commercial paper program which is used for general corporate purposes.  Under the program, the maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, is $2 billion as of June 30, 2018. We had $249.0 million of commercial paper outstanding at June 30, 2018.  See Note 6 to the Consolidated Financial Statements for additional information regarding the terms of our short-term obligations.

Our long-term obligations primarily consist of long-term debt with final maturity dates ranging between 2019 and 2048.  In addition, we maintain two 5-year, $1.0 billion revolving credit facilities.  Each senior unsecured credit facility provides support for our commercial paper program and can be used for working capital and other general corporate purposes. Total commitments of $2.0 billion were unused at June 30, 2018 and December 31, 2017. On April 17, 2018, the Company entered into a new 5-year, $1.0 billion senior unsecured credit facility and terminated its 5-year, $1.0 billion facility set to expire in March 2019. As a result, the current maturity dates of the revolving credit facilities are March 2021 and April 2023.

In February 2018, the Company issued $1.15 billion principal amount of senior notes in three tranches through an indirect, wholly-owned subsidiary. The tranches consist of $300 million aggregate principal amount of 2.900% senior notes due 2021, $550 million aggregate principal amount of 3.750% senior notes due 2028 and $300 million aggregate principal amount of 4.300% senior notes due 2048. In March 2018, the Company used the proceeds to fund the redemption of $750 million aggregate principal amount of 6.875% senior notes due 2018 and $350 million aggregate principal amount of 2.875% senior notes due 2019, with the remainder used for general corporate purposes. As a result of the early redemption, the Company recognized $15.4 million of premium expense and $1.2 million of unamortized costs in Interest expense. See Note 6 and Note 20 to the Condensed Consolidated Financial Statements for additional information regarding the terms of our long-term obligations and their related guarantees.

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Cash Flows

The following table reflects the major categories of cash flows for the six months ended June 30. For additional details, see the Condensed Consolidated Statements of Cash Flows in the condensed consolidated financial statements.

In millions	2018			2017
Net cash provided by (used in) continuing operating activities	$	414.5		$	422.3
Net cash provided by (used in) continuing investing activities	(444.9		)	(118.9		)
Net cash provided by (used in) continuing financing activities	(491.4		)	(766.9		)

Operating Activities

Net cash provided by continuing operating activities for the six months ended June 30, 2018 was $414.5 million, of which net income provided $880.9 million after adjusting for non-cash transactions. Changes in assets and liabilities, net used $466.4 million.  Improvements in accounts payable were more than offset by the seasonal increase to inventory balances and higher outstanding accounts receivable from higher sales volumes. Net cash provided by continuing operating activities for the six months ended June 30, 2017 was $422.3 million, of which net income provided $745.6 million after adjusting for non-cash transactions. Changes in assets and liabilities, net used $323.3 million. Improvements in accounts payable were more than offset by the seasonal increase to inventory balances and higher outstanding accounts receivable.

Investing Activities

Cash flows from investing activities represents inflows and outflows regarding the purchase and sale of assets. Primary activities associated with these items include capital expenditures, proceeds from the sale of property, plant and equipment, acquisitions, investment in joint ventures and divestitures. During the six months ended June 30, 2018, net cash used in investing activities from continuing operations was $444.9 million. The primary driver of the usage is attributable to the acquisition of several businesses and the investment of a 50% ownership interest in a joint venture with Mitsubishi. The total outflow, net of cash acquired, was $281.5 million. Other outflows included capital expenditures which totaled $163.4 million. Net cash used in investing activities from continuing operations for the six months ended June 30, 2017 was $118.9 million. The primary driver of the usage was attributable to capital expenditures of $79.5 million. In addition, we acquired several businesses during the period that complement existing products and services.

Financing Activities

Cash flows from financing activities represents inflows and outflows that account for external activities affecting equity and debt. Primary activities associated with these actions include paying dividends to shareholders, repurchasing our own shares, issuing our own stock and debt transactions. During the six months ended June 30, 2018, net cash used in financing activities from continuing operations was $491.4 million. Primary drivers of the cash outflow include dividends paid to ordinary shareholders of $221.8 million and the repurchase of $500.1 million in ordinary shares. These amounts were partially offset by borrowings from commercial paper during the period. In addition, we issued $1.15 billion of senior notes during the three months ended March 31, 2018. The issuance was predominately offset by the redemption of $1.1 billion of senior notes. Net cash used in financing activities from continuing operations for the six months ended June 30, 2017 was $766.9 million. Dividends paid to ordinary shareholders of $204.8 million and the repurchase of $575.2 million in ordinary shares were the primary drivers of the cash outflow for the period.

Discontinued Operations

Cash flows from discontinued operations primarily represent costs associated with postretirement benefits, product liability and legal costs (mostly asbestos-related) from previously sold businesses. Net cash used in discontinued operating activities for the six months ended June 30, 2018 and 2017 primarily relates to postretirement benefits and asbestos-related matters. In addition, net cash used in discontinued operating activities for the six months ended June 30, 2017 includes the proceeds from settlements with insurance carriers related to asbestos.

Pensions

Our investment objective in managing defined benefit plan assets is to ensure that all present and future benefit obligations are met as they come due. We seek to achieve this goal while trying to mitigate volatility in plan funded status, contribution and expense by better matching the characteristics of the plan assets to that of the plan liabilities. We use a dynamic approach to asset allocation whereby a plan's allocation to fixed income assets increases as the plan's funded status improves. We monitor plan funded status and asset allocation regularly in addition to investment manager performance.

We monitor the impact of market conditions on our defined benefit plans on a regular basis. None of our defined benefit pension plans have experienced a significant impact on their liquidity due to the volatility in the markets. The Company currently projects

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that it will contribute approximately $80 million to its plans worldwide in 2018. For further details on pension plan activity, see Note 9 to the condensed consolidated financial statements.

For a further discussion of Liquidity and Capital Resources, refer to Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contained in the Company’s Annual Report on Form 10-K for the period ended December 31, 2017.

Commitments and Contingencies

We are involved in various litigations, claims and administrative proceedings, including those related to asbestos, environmental, and product liability matters. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, except as expressly set forth in Note 19 to the condensed consolidated financial statements, management believes that the liability which may result from these legal matters would not have a material adverse effect on our financial condition, results of operations, liquidity or cash flows.

Critical Accounting Policies

Management’s Discussion and Analysis of Financial Condition and Results of Operations are based upon our condensed consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of financial statements in conformity with those accounting principles requires management to use judgments in making estimates and assumptions based on the relevant information available at the end of each period. These estimates and assumptions have a significant effect on reported amounts of assets and liabilities, revenue and expenses, as well as the disclosure of contingent assets and liabilities because they result primarily from the need to make estimates and assumptions on matters that are inherently uncertain. Actual results may differ from estimates.

Management believes there have been no significant policy changes during the six months ended June 30, 2018, to the items that we disclosed as our critical accounting policies in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2017 except for certain policy changes due to the adoption of ASC 606. Refer to Note 2, "Recent Accounting Pronouncements" and Note 11, "Revenue" for additional information related to the adoption of ASC 606.

Recent Accounting Pronouncements

See Note 2 to the Condensed Consolidated Financial Statements for a discussion of recent accounting pronouncements.

Safe Harbor Statement

Certain statements in this report, other than purely historical information, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements.

Forward-looking statements may relate to such matters as projections of revenue, margins, expenses, tax provisions, earnings, cash flows, benefit obligations, share or debt repurchases or other financial items; any statements of the plans, strategies and objectives of management for future operations, including those relating to any statements concerning expected development, performance or market share relating to our products and services; any statements regarding future economic conditions or our performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. These statements are based on currently available information and our current assumptions, expectations and projections about future events. While we believe that our assumptions, expectations and projections are reasonable in view of the currently available information, you are cautioned not to place undue reliance on our forward-looking statements. You are advised to review any further disclosures we make on related subjects in materials we file with or furnish to the SEC. Forward-looking statements speak only as of the date they are made and are not guarantees of future performance. They are subject to future events, risks and uncertainties - many of which are beyond our control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from our expectations and projections. We do not undertake to update any forward-looking statements.

Factors that might affect our forward-looking statements include, among other things:

• overall economic, political and business conditions in the markets in which we operate;

• the demand for our products and services;

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• competitive factors in the industries in which we compete;

• changes in tax laws and requirements (including tax rate changes, new tax laws, new and/or revised tax law interpretations and any legislation that may limit or eliminate potential tax benefits resulting from our incorporation in a non-U.S. jurisdiction, such as Ireland);

• trade protection measures such as import or export restrictions and requirements, the imposition of tariffs and quotas or revocation or material modification of trade agreements;

• the outcome of any litigation, governmental investigations or proceedings;

• the outcome of any income tax audits or settlements;

• interest rate fluctuations and other changes in borrowing costs;

• other capital market conditions, including availability of funding sources;

• currency exchange rate fluctuations, exchange controls and currency devaluations;

• availability of and fluctuations in the prices of key commodities;

• impairment of our goodwill, indefinite-lived intangible assets and/or our long-lived assets;

• climate change, changes in weather patterns, natural disasters and seasonal fluctuations;

• the impact of potential information technology or data security breaches; and

• the strategic acquisition of businesses, product lines and joint ventures;

Some of the significant risks and uncertainties that could cause actual results to differ materially from our expectations and projections are described more fully in the “Risk Factors” section of this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017. There may also be other factors that have not been anticipated or that are not described in our periodic filings with the SEC, generally because we did not believe them to be significant at the time, which could cause results to differ materially from our expectations.

Item 3 – Quantitative and Qualitative Disclosures about Market Risk

For a discussion of the Company’s exposure to market risk, refer to Part II, Item 7A, “Quantitative and Qualitative Disclosures About Market Risk,” contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017. There has been no significant change in our exposure to market risk as of the second quarter of 2018.

Item 4 – Controls and Procedures

The Company’s management, including its Chief Executive Officer and Chief Financial Officer, have conducted an evaluation of the effectiveness of disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)), as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded as of June 30, 2018, that the disclosure controls and procedures are effective in ensuring that all material information required to be filed in this Quarterly Report on Form 10-Q has been recorded, processed, summarized and reported when required and the information is accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

There has been no change in the Company’s internal control over financial reporting that occurred during the second quarter of 2018 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II – OTHER INFORMATION

Item 1 – Legal Proceedings

In the normal course of business, we are involved in a variety of lawsuits, claims and legal proceedings, including commercial and contract disputes, employment matters, product liability claims, asbestos-related claims, environmental liabilities, intellectual property disputes, and tax-related matters. In our opinion, pending legal matters are not expected to have a material adverse impact on our results of operations, financial condition, liquidity or cash flows.

Asbestos-Related Matters

Certain of our wholly-owned subsidiaries and former companies are named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims allege injury caused by exposure to asbestos contained in certain historical products, primarily pumps, boilers and railroad brake shoes. None of our existing or previously-owned businesses were a producer or manufacturer of asbestos.

See also the discussion contained in our Annual Report on Form 10-K for the period ended December 31, 2017 under Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations and also Note 19 to the condensed consolidated financial statements in this Form 10-Q.

Item 1A – Risk Factors

There have been no material changes to our risk factors contained in our Annual Report on Form 10-K for the period ended December 31, 2017 and our Quarterly Report on Form 10-Q for the period ended March 31, 2018. For a further discussion of our Risk Factors, refer to the “Risk Factors” discussion contained in our Annual Report on Form 10-K for the period ended December 31, 2017 and our Quarterly Report on Form 10-Q for the period ended March 31, 2018.

Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

The following table provides information with respect to purchases of our ordinary shares during the second quarter of 2018:

Period	Total number of shares purchased (000's) (a) (b)	Average price paid per share (a) (b)		Total number of shares purchased as part of program (000's) (a)	Approximate dollar value of shares still available to be purchased under the program ($000's) (a)
April 1 - April 30	0.4	$	83.84	—	$	650,017
May 1 - May 31	2,551.6	87.74		2,551.6	426,131
June 1 - June 30	301.9	88.96		293.7	400,017
Total	2,853.9	$	87.87	2,845.3

(a) In February 2017, our Board of Directors authorized the repurchase of up to $1.5 billion of our ordinary shares under a new share repurchase program upon completion of the prior authorized share repurchase program. Repurchases under the new share repurchase program began in May 2017. Share repurchases are made from time to time in accordance with our capital allocation strategy, subject to market conditions and regulatory requirements. The repurchase program does not have a prescribed expiration date.

(b) We may also reacquire shares outside of the repurchase program from time to time in connection with the surrender of shares to cover taxes on vesting of share based awards. We reacquired 390 shares in April, 0 shares in May and 8,223 shares in June in transactions outside of the repurchase programs.

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Item 6 – Exhibits

(a) Exhibits

Exhibit No.	Description	Method of Filing
10.1	Credit Agreement dated April 17, 2018 among Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Company, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, Bank of America, N.A., BNP Paribas, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, Mizuho Bank, Ltd., and MUFG Bank Ltd. as Documentation Agents, and JPMorgan Chase Bank, N.A. and Citigroup Global Markets Inc., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto.	Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on April 19, 2018.
10.2	Form of Global Stock Option Award Agreement	Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 12, 2018.
10.3	Form of Global Restricted Stock Unit Award Agreement	Incorporated by reference to Exhibit 10.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 12, 2018.
10.4	Form of Global Performance Stock Unit Award Agreement	Incorporated by reference to Exhibit 10.3 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 12, 2018.
31.1	Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	Filed herewith.
31.2	Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	Filed herewith.
32	Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Furnished herewith.
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Statements of Comprehensive Income, (ii) the Condensed Consolidated Balance Sheets, (iii) the Condensed Consolidated Statement of Cash Flows, and (iv) Notes to Condensed Consolidated Financial Statements.	Filed herewith.

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INGERSOLL-RAND PLC

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		INGERSOLL-RAND PLC (Registrant)
Date:	July 25, 2018	/s/ Susan K. Carter
		Susan K. Carter, Senior Vice President and Chief Financial Officer Principal Financial Officer
Date:	July 25, 2018	/s/ Christopher J. Kuehn
		Christopher J. Kuehn, Vice President and Chief Accounting Officer Principal Accounting Officer

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EX-31.1

Exhibit 31.1

CERTIFICATION

I, Michael W. Lamach, certify that:

1. I have reviewed the Quarterly Report on Form 10-Q of Ingersoll-Rand plc for the three and six months ended June 30, 2018;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	July 25, 2018	/s/ MICHAEL W. LAMACH
		Michael W. Lamach
		Principal Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Susan K. Carter, certify that:

1. I have reviewed the Quarterly Report on Form 10-Q of Ingersoll-Rand plc for the three and six months ended June 30, 2018;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	July 25, 2018	/s/ SUSAN K. CARTER
		Susan K. Carter
		Principal Financial Officer

EX-32

Exhibit 32

Section 1350 Certifications

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), each of the undersigned officers of Ingersoll-Rand plc (the Company), does hereby certify that to our knowledge:

The Quarterly Report on Form 10-Q for the three and six months ended June 30, 2018 (the Form 10-Q) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ MICHAEL W. LAMACH

Michael W. Lamach

Principal Executive Officer

July 25, 2018

/s/ SUSAN K. CARTER

Susan K. Carter

Principal Financial Officer

July 25, 2018

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Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2018	Jul. 13, 2018
Entity Information [Line Items]
Entity Registrant Name	INGERSOLL-RAND PLC
Entity Central Index Key	0001466258
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		245,309,566

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Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net revenues	$ 4,357.7	$ 3,908.4	$ 7,742.2	$ 6,909.0
Cost of goods sold	(2,964.1)	(2,653.1)	(5,384.3)	(4,779.2)
Selling and administrative expenses	(753.3)	(697.7)	(1,474.2)	(1,357.2)
Operating income	640.3	557.6	883.7	772.6
Interest expense	(50.3)	(54.1)	(123.2)	(108.1)
Other income/(expense), net	(3.5)	(11.5)	(7.5)	(16.2)
Earnings before income taxes	586.5	492.0	753.0	648.3
Provision for income taxes	(128.0)	(138.1)	(161.0)	(166.8)
Earnings from continuing operations	458.5	353.9	592.0	481.5
Discontinued operations, net of tax	(5.9)	8.3	(15.3)	1.8
Net earnings	452.6	362.2	576.7	483.3
Less: Net earnings attributable to noncontrolling interests	(4.5)	(3.6)	(8.2)	(7.6)
Net earnings attributable to Ingersoll-Rand plc	448.1	358.6	568.5	475.7
Amounts attributable to Ingersoll-Rand plc ordinary shareholders:
Continuing operations	454.0	350.3	583.8	473.9
Discontinued operations	(5.9)	8.3	(15.3)	1.8
Net earnings attributable to Ingersoll-Rand plc	$ 448.1	$ 358.6	$ 568.5	$ 475.7
Basic:
Continuing operations	$ 1.83	$ 1.37	$ 2.35	$ 1.84
Discontinued operations	(0.02)	0.03	(0.07)	0.00
Net earnings	1.81	1.40	2.28	1.84
Diluted:
Continuing operations	1.82	1.35	2.32	1.82
Discontinued operations	(0.03)	0.03	(0.06)	0.00
Net earnings	$ 1.79	$ 1.38	$ 2.26	$ 1.82
Weighted-average shares outstanding
Basic	247.5	256.4	248.9	257.9
Diluted	250.1	259.7	251.6	261.1
Total comprehensive income	$ 171.6	$ 539.1	$ 448.2	$ 779.3
Less: Total comprehensive income attributable to noncontrolling interests	1.4	4.3	5.5	6.8
Total comprehensive income attributable to Ingersoll-Rand plc	$ 170.2	$ 534.8	$ 442.7	$ 772.5
Dividends declared per ordinary share	$ 0.98	$ 0.40	$ 1.43	$ 0.80

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Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 969.5	$ 1,549.4
Accounts and notes receivable, net	2,946.9	2,477.4
Inventories, net	1,733.3	1,555.4
Other current assets	512.0
Total current assets	6,161.7	6,119.1
Property, plant and equipment, net	1,646.8	1,551.3
Goodwill	6,001.1	5,935.7
Intangible assets, net	3,704.9	3,742.9
Other noncurrent assets	863.4	824.3
Total assets	18,377.9	18,173.3
LIABILITIES AND EQUITY
Accounts payable	1,832.1	1,556.1
Accrued compensation and benefits	428.4	509.7
Accrued expenses and other current liabilities	1,892.6	1,655.2
Short-term borrowings and current maturities of long-term debt	599.6	1,107.0
Total current liabilities	4,752.7	4,828.0
Long-term debt	3,738.9	2,957.0
Postemployment and other benefit liabilities	1,247.7	1,285.3
Deferred and noncurrent income taxes	735.4	757.5
Other noncurrent liabilities	1,079.5	1,138.6
Total liabilities	11,554.2	10,966.4
Equity:
Ordinary shares	269.8	274.0
Treasury Stock, Value	(1,719.3)	(1,719.4)
Capital in excess of par value	31.3	461.3
Retained earnings	9,109.9	8,903.2
Accumulated other comprehensive income (loss)	(904.6)	(778.8)
Total Ingersoll-Rand plc shareholders’ equity	6,787.1	7,140.3
Noncontrolling interests	36.6	66.6
Total equity	6,823.7	7,206.9
Total liabilities and equity	$ 18,377.9	$ 18,173.3

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net earnings	$ 576.7	$ 483.3
Discontinued operations, net of tax	15.3	(1.8)
Adjustments for non-cash transactions:
Asset impairment	0.0	(8.4)
Depreciation and amortization	187.8	174.1
Changes in assets and liabilities, net	(466.4)	(323.3)
Other non-cash items, net	101.1	81.6
Net cash provided by (used in) continuing operating activities	414.5	422.3
Net cash provided by (used in) discontinued operating activities	(36.8)	(16.8)
Net cash provided by (used in) operating activities	377.7	405.5
Cash flows from investing activities:
Capital expenditures	(163.4)	(79.5)
Acquisitions and equity method investments, net of cash acquired	(281.5)	(39.9)
Proceeds from sale of property, plant and equipment		0.5
Net cash provided by (used in) continuing investing activities	(444.9)	(118.9)
Cash flows from financing activities:
Short-term borrowings (payments), net	242.6	0.0
Proceeds from long-term debt	1,147.0	0.0
Payments of long-term debt	(1,122.9)	(7.6)
Net proceeds (repayments) from debt	266.7	(7.6)
Dividends paid to ordinary shareholders	(221.8)	(204.8)
Dividends paid to noncontrolling interests	(35.5)	(7.0)
Repurchase of ordinary shares	(500.1)	(575.2)
Other, net	10.9	34.7
Net cash provided by (used in) continuing financing activities	(491.4)	(766.9)
Effect of exchange rate changes on cash and cash equivalents	(21.3)	75.7
Net increase (decrease) in cash and cash equivalents	(579.9)	(404.6)
Cash and cash equivalents - beginning of period	1,549.4	1,714.7
Cash and cash equivalents - end of period	$ 969.5	$ 1,310.1

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Basis of Presentation

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Ingersoll-Rand plc (Plc or Parent Company), a public limited company incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively, the Company), reflect the consolidated operations of the Company and have been prepared in accordance with United States Securities and Exchange Commission (SEC) interim reporting requirements. Accordingly, the accompanying condensed consolidated financial statements do not include all disclosures required by accounting principles generally accepted in the United States of America (GAAP) for full financial statements and should be read in conjunction with the consolidated financial statements included in the Ingersoll-Rand plc Annual Report on Form 10-K for the year ended December 31, 2017. In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments, which include only normal recurring adjustments, necessary to fairly state the condensed consolidated results for the interim periods presented.

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recently Accounting Pronouncements

Recent Accounting Pronouncements

The Financial Accounting Standards Board (FASB) Accounting Standards Codification is the sole source of authoritative GAAP other than SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standards Update (ASU) to communicate changes to the codification. The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements.

Recently Adopted Accounting Pronouncements

In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” (ASU 2016-16) which removed the prohibition in Topic 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. As a result, the income tax consequences of an intra-entity transfer of assets other than inventory will be recognized in the current period income statement rather than being deferred until the assets leave the consolidated group. The Company applied ASU 2016-16 on a modified retrospective basis through a cumulative-effect adjustment which reduced Retained earnings by $9.1 million as of January 1, 2018.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under ASC 606, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. The Company adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million with related amounts not materially impacting Net revenues, Operating income or the Balance Sheet. Refer to Note 11, “Revenue,” for a further discussion on the adoption of ASC 606.

Recently Issued Accounting Pronouncements

In February 2018, the FASB issued ASU 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" (ASU 2018-02), which allows companies to reclassify stranded tax effects in Accumulated other comprehensive income (loss) that have been caused by the Tax Cuts and Jobs Act of 2017 (the Act) to Retained earnings for each period in which the effect of the change in the U.S. federal corporate income tax rate is recorded. The FASB has made the reclassification optional. ASU 2018-02 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company is currently assessing the impact of the ASU on its financial statements and whether or not it will exercise the option to reclassify the stranded tax effects caused by the Act.

In August 2017, the FASB issued ASU 2017-12, "Derivatives and hedging (Topic 815): Targeted improvements to accounting for hedging activities" (ASU 2017-12). This standard more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This standard also addresses specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company is currently assessing the impact of this ASU on its financial statements.

In February 2016, the FASB issued ASU 2016-02, "Leases" (ASU 2016-02) which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted. The standard is required to be adopted at the earliest period presented using a modified retrospective approach. The Company continues to execute on its implementation plan and is currently gathering lease data to derive the impact of the ASU on its financial statements. The adoption is anticipated to have a material impact on assets and liabilities due to the recognition of lease rights and obligations on the Balance Sheet effective January 1, 2019. However, the Company does not expect the adoption to have a material impact to its Statement of Cash Flows or Statement of Comprehensive Income.

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Inventories

6 Months Ended

Jun. 30, 2018

Inventory, Net [Abstract]

Inventories

Inventories

Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method.

The major classes of inventory were as follows:

In millions	June 30, 2018			December 31, 2017
Raw materials	$	532.8		$	502.8
Work-in-process	213.1			180.5
Finished goods	1,056.6			941.0
	1,802.5			1,624.3
LIFO reserve	(69.2		)	(68.9		)
Total	$	1,733.3		$	1,555.4

The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to net realizable value. Reserve balances, primarily related to obsolete and slow-moving inventories, were $116.9 million and $120.3 million at June 30, 2018 and December 31, 2017, respectively.

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Goodwill

6 Months Ended

Jun. 30, 2018

Goodwill Abstract

Goodwill

Goodwill

The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill is tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset.

The changes in the carrying amount of goodwill for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Total
Net balance as of December 31, 2017	$	5,065.1		$	870.6		$	5,935.7
Acquisitions (1)	120.4			1.8			122.2
Currency translation	(49.1		)	(7.7		)	(56.8		)
Net balance as of June 30, 2018	$	5,136.4		$	864.7		$	6,001.1

(1) Refer to Note 16, "Acquisitions and Divestitures" for more information regarding acquisitions during the period.

The net goodwill balances at June 30, 2018 and December 31, 2017 include $2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge in the fourth quarter of 2008 associated with the Climate segment.

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Intangible Assets

6 Months Ended

Jun. 30, 2018

Intangible Assets Abstract

Intangible Assets

Intangible Assets

Indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset. All other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives.

The gross amount of the Company’s intangible assets and related accumulated amortization were as follows:

	June 30, 2018							December 31, 2017
In millions	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Completed technologies/patents	$	207.6	$	(180.0	)	$	27.6	$	209.4	$	(177.3	)	$	32.1
Customer relationships	2,092.5		(1,116.2		)	976.3		2,068.9		(1,056.9		)	1,012.0
Other	85.1		(51.3		)	33.8		93.9		(52.7		)	41.2
Total finite-lived intangible assets	2,385.2		(1,347.5		)	1,037.7		2,372.2		(1,286.9		)	1,085.3
Trademarks (indefinite-lived)	2,667.2		—			2,667.2		2,657.6		—			2,657.6
Total	$	5,052.4	$	(1,347.5	)	$	3,704.9	$	5,029.8	$	(1,286.9	)	$	3,742.9

Intangible asset amortization expense was $35.2 million and $32.5 million for the three months ended June 30, 2018 and 2017, respectively. Intangible asset amortization expense was $70.4 million and $64.7 million for the six months ended June 30, 2018 and 2017, respectively.

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Debt and Credit Facilities

6 Months Ended

Jun. 30, 2018

Debt Credit Facilities

Debt and Credit Facilities

Debt and Credit Facilities

Short-term borrowings and current maturities of long-term debt consisted of the following:

In millions	June 30, 2018		December 31, 2017
Debentures with put feature	$	343.0	$	343.0
6.875% Senior notes due 2018 (1)	—		749.6
Commercial Paper	249.0		—
Other current maturities of long-term debt	7.6		7.7
Short-term borrowings	—		6.7
Total	$	599.6	$	1,107.0

(1) During the first quarter of 2018, the Company redeemed its 6.875% senior notes due 2018.

Commercial Paper Program

The Company uses borrowings under its commercial paper program for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, under the commercial paper program is $2.0 billion as of June 30, 2018. The Company had $249.0 million of commercial paper outstanding as of June 30, 2018.

Debentures with Put Feature

At June 30, 2018 and December 31, 2017, the Company had $343.0 million of fixed rate debentures outstanding which contain a put feature that the holders may exercise on each anniversary of the issuance date.  If exercised, the Company is obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount of the debentures plus accrued interest. If these options are not exercised, the final contractual maturity dates would range between 2027 and 2028. Holders of these debentures had the option to exercise the put feature on $37.2 million of the outstanding debentures in February 2018, subject to the notice requirement. No material exercises were made.

Long-term debt, excluding current maturities, consisted of the following:

In millions	June 30, 2018		December 31, 2017
2.875% Senior notes due 2019 (1)	—		349.4
2.625% Senior notes due 2020	299.2		298.9
2.900% Senior notes due 2021	297.9		—
9.000% Debentures due 2021	124.9		124.9
4.250% Senior notes due 2023	696.8		696.5
7.200% Debentures due 2019-2025	44.8		52.3
3.550% Senior notes due 2024	495.6		495.2
6.480% Debentures due 2025	149.7		149.7
3.750% Senior notes due 2028	544.2		—
5.750% Senior notes due 2043	494.2		494.0
4.650% Senior notes due 2044	295.7		295.6
4.300% Senior notes due 2048	295.7		—
Other loans and notes	0.2		0.5
Total	$	3,738.9	$	2,957.0

(1) During the first quarter of 2018, the Company redeemed its 2.875% senior notes due 2019.

Issuance and Redemption of Senior Notes

In February 2018, the Company issued $1.15 billion principal amount of senior notes in three tranches through an indirect, wholly-owned subsidiary. The tranches consist of $300 million aggregate principal amount of 2.900% senior notes due 2021, $550 million aggregate principal amount of 3.750% senior notes due 2028 and $300 million aggregate principal amount of 4.300% senior notes due 2048. The notes are fully and unconditionally guaranteed by each of Ingersoll Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l, Ingersoll-Rand Company and Ingersoll-Rand Luxembourg Finance S.A. The Company has the option to redeem the notes in whole or in part at any time, prior to their stated maturity date at redemption prices set forth in the indenture agreement. The notes are subject to certain customary covenants, however, none of these covenants are considered restrictive to the Company’s operations. In March 2018, the Company used the proceeds to fund the redemption of $750 million aggregate principal amount of 6.875% senior notes due 2018 and $350 million aggregate principal amount of 2.875% senior notes due 2019, with the remainder used for general corporate purposes. As a result of the early redemption, the Company recognized $15.4 million of premium expense and $1.2 million of unamortized costs in Interest expense.

Other Credit Facilities

The Company maintains two 5-year, $1.0 billion revolving credit facilities (the Facilities) through its wholly-owned subsidiaries, Ingersoll-Rand Global Holding Company Limited and Ingersoll-Rand Luxembourg Finance S.A. (collectively, the Borrowers). Each senior unsecured credit facility provides support for the Company's commercial paper program and can be used for working capital and other general corporate purposes. Ingersoll-Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l. and Ingersoll-Rand Company each provide irrevocable and unconditional guarantees for these Facilities.  In addition, each Borrower will guarantee the obligations under the Facilities of the other Borrower. Total commitments of $2.0 billion were unused at June 30, 2018 and December 31, 2017. On April 17, 2018, the Company entered into a new 5-year, $1.0 billion senior unsecured credit facility and terminated its 5-year, $1.0 billion facility set to expire in March 2019. As a result, the current maturity dates of the Facilities are March 2021 and April 2023.

Fair Value of Debt

The carrying value of the Company's short-term borrowings is a reasonable estimate of fair value due to the short-term nature of the instruments. The fair value of the Company's debt instruments at June 30, 2018 and December 31, 2017 was $4.5 billion and $4.4 billion, respectively. The Company measures the fair value of its long-term debt instruments for disclosure purposes based upon observable market prices quoted on public exchanges for similar assets. These fair value inputs are considered Level 2 within the fair value hierarchy. The methodologies used by the Company to determine the fair value of its long-term debt instruments at June 30, 2018 are the same as those used at December 31, 2017.

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Financial Instruments

6 Months Ended

Jun. 30, 2018

Financial Instruments Abstract

Financial Instruments

Financial Instruments

In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors. These fluctuations can increase the cost of financing, investing and operating the business. The Company may use various financial instruments, including derivative instruments, to manage the risks associated with interest rate and currency rate exposures. These financial instruments are not used for trading or speculative purposes.

On the date a derivative contract is entered into, the Company designates the derivative instrument as a cash flow hedge of a forecasted transaction or as an undesignated derivative. The Company formally documents its hedge relationships, including identification of the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking derivative instruments that are designated as hedges to specific assets, liabilities or forecasted transactions.

The Company assesses at inception, and at least quarterly thereafter, whether the derivatives used in cash flow hedging transactions are highly effective in offsetting the changes in the cash flows of the hedged item. To the extent the derivative is deemed to be a highly effective hedge, the fair market value changes of the instrument are recorded in Accumulated other comprehensive income (AOCI). Any ineffective portion of a derivative instrument’s change in fair value is recorded in Net earnings in the period of change. If the hedging relationship ceases to be highly effective, or it becomes probable that a forecasted transaction is no longer expected to occur, the hedging relationship will be undesignated and any future gains and losses on the derivative instrument will be recorded in Net earnings.

The fair values of derivative instruments included within the Condensed Consolidated Balance Sheets were as follows:

	Derivative assets				Derivative liabilities
In millions	June 30, 2018		December 31, 2017		June 30, 2018		December 31, 2017
Derivatives designated as hedges:
Currency derivatives designated as hedges	$	0.9	$	—	$	0.6	$	1.3
Derivatives not designated as hedges:
Currency derivatives not designated as hedges	1.6		7.2		16.2		1.2
Total derivatives	$	2.5	$	7.2	$	16.8	$	2.5

Asset and liability derivatives included in the table above are recorded within Other current assets and Accrued expensesandother current liabilities, respectively.

Currency Derivative Instruments

The notional amount of the Company’s currency derivatives was $0.9 billion and $0.7 billion at June 30, 2018 and December 31, 2017, respectively. At June 30, 2018 and December 31, 2017, a net gain of $0.2 million and $1.2 million, net of tax, respectively, was included in AOCI related to the fair value of the Company’s currency derivatives designated as accounting hedges. The amount expected to be reclassified into Net earnings over the next twelve months is a gain of $0.2 million. The actual amounts that will be reclassified to Net earnings may vary from this amount as a result of changes in market conditions. Gains and losses associated with the Company’s currency derivatives not designated as hedges are recorded in Net earnings as changes in fair value occur. At June 30, 2018, the maximum term of the Company’s currency derivatives was approximately 12 months.

Other Derivative Instruments

Prior to 2015, the Company utilized forward-starting interest rate swaps and interest rate locks to manage interest rate exposure in periods prior to the anticipated issuance of certain fixed-rate debt. These instruments were designated as cash flow hedges and had a notional amount of $1.3 billion. Consequently, when the contracts were settled upon the issuance of the underlying debt, any realized gains or losses in the fair values of the instruments were deferred into AOCI. These deferred gains or losses are subsequently recognized in Interest expense over the term of the related notes. The net unrecognized gain in AOCI was $7.0 million at June 30, 2018 and $6.6 million at December 31, 2017. The net deferred gain at June 30, 2018 will continue to be amortized over the term of notes with maturities ranging from 2023 to 2044. The amount expected to be amortized over the next twelve months is a net gain of $0.7 million. The Company has no forward-starting interest rate swaps or interest rate lock contracts outstanding at June 30, 2018 or December 31, 2017.

The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the three months ended June 30:

	Amount of gain (loss) recognized in AOCI						Location of gain (loss) reclassified from AOCI and recognized into Net earnings	Amount of gain (loss) reclassified from AOCI and recognized into Net earnings
In millions	2018			2017				2018		2017
Currency derivatives designated as hedges	$	(0.7	)	$	(1.8	)	Cost of goods sold	$	0.1	$	(0.4	)
Interest rate swaps & locks	—			—			Interest expense	0.2		(0.2		)
Total	$	(0.7	)	$	(1.8	)		$	0.3	$	(0.6	)

The following table represents the amounts associated with derivatives not designated as hedges affecting Other income/(expense), net for the three months ended June 30:

	Amount of gain (loss)          recognized in Net earnings
In millions	2018			2017
Currency derivatives not designated as hedges	$	(29.6	)	$	13.8
Total	$	(29.6	)	$	13.8

The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the six months ended June 30:

	Amount of gain (loss) recognized in AOCI					Location of gain (loss) reclassified from AOCI and recognized into Net earnings	Amount of gain (loss) reclassified from AOCI and recognized into Net earnings
In millions	2018		2017				2018			2017
Currency derivatives designated as hedges	$	1.4	$	(0.6	)	Cost of goods sold	$	(0.3	)	$	(0.7	)
Interest rate swaps & locks	—		—			Interest expense	(0.4		)	(0.3		)
Total	$	1.4	$	(0.6	)		$	(0.7	)	$	(1.0	)

The following table represents the amounts associated with derivatives not designated as hedges affecting Other income/(expense), net for the six months ended June 30:

	Amount of gain (loss) recognized in Net earnings
In millions	2018			2017
Currency derivatives not designated as hedges	$	(23.1	)	$	33.8
Total	$	(23.1	)	$	33.8

The gains and losses associated with the Company’s undesignated currency derivatives are materially offset in Other income/(expense), net by changes in the fair value of the underlying transactions.

Concentration of Credit Risk

The counterparties to the Company’s forward contracts consist of a number of investment grade major international financial institutions. The Company could be exposed to losses in the event of nonperformance by the counterparties. However, the credit ratings and the concentration of risk in these financial institutions are monitored on a continuous basis and present no significant credit risk to the Company.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2018

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value Disclosures [Text Block]

Fair Value Measurements

ASC 820, "Fair Value Measurement," (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows:

• Level 1: Observable inputs such as quoted prices in active markets;

• Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and

• Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions.

ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2018:

In millions	Fair Value		Fair value measurements
			Level 1		Level 2		Level 3
Assets:
Derivative instruments	$	2.5	$	—	$	2.5	$	—
Liabilities:
Derivative instruments	$	16.8	$	—	$	16.8	$	—

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:

In Millions	Fair Value		Fair value measurements
			Level 1		Level 2		Level 3
Assets:
Derivative instruments	$	7.2	$	—	$	7.2	$	—
Liabilities:
Derivative instruments	$	2.5	$	—	$	2.5	$	—

Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures. The fair value of the derivative instruments are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable.

The carrying values of cash and cash equivalents, accounts receivable, and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. These methodologies used by the Company to determine the fair value of its financial assets and liabilities at June 30, 2018 are the same as those used at December 31, 2017. There have been no transfers between levels of the fair value hierarchy.

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Pensions and Postretirement Benefits Other than Pensions

6 Months Ended

Jun. 30, 2018

Retirement Benefits, Description [Abstract]

Pensions and Postretirement Benefits Other than Pensions

Pensions and Postretirement Benefits Other than Pensions

The Company sponsors several U.S. defined benefit and defined contribution plans covering substantially all of the Company's U.S. employees. Additionally, the Company has many non-U.S. defined benefit and defined contribution plans covering eligible non-U.S. employees. Postretirement benefits other than pensions (OPEB) provide healthcare benefits, and in some instances, life insurance benefits for certain eligible employees.

Pension Plans

The noncontributory defined benefit pension plans covering non-collectively bargained U.S. employees provide benefits on a final average pay formula while plans for most collectively bargained U.S. employees provide benefits on a flat dollar benefit formula or a percentage of pay formula. The non-U.S. pension plans generally provide benefits based on earnings and years of service. The Company also maintains additional other supplemental plans for officers and other key or highly compensated employees.

The components of the Company’s net periodic pension benefit cost for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Service cost	$	17.9		$	17.9		$	35.8		$	35.7
Interest cost	26.9			27.0			53.9			54.0
Expected return on plan assets	(36.7		)	(35.2		)	(73.6		)	(70.4		)
Net amortization of:
Prior service costs	1.0			0.9			2.1			1.9
Net actuarial losses	12.5			13.5			25.0			27.1
Net periodic pension benefit cost	$	21.6		$	24.1		$	43.2		$	48.3
Net curtailment and settlement (gains) losses	1.2			—			1.2			2.3
Net periodic pension benefit cost after net curtailment and settlement (gains) losses	$	22.8		$	24.1		$	44.4		$	50.6
Amounts recorded in continuing operations:
Operating income	$	16.9		$	17.2		$	34.5		$	34.3
Other income/(expense), net	3.8			4.5			5.7			11.5
Amounts recorded in discontinued operations	2.1			2.4			4.2			4.8
Total	$	22.8		$	24.1		$	44.4		$	50.6

During the three months ended June 30, 2018, the Company recognized a settlement loss associated with lump sum distributions of a non-US defined benefit plan. During the six months ended June 30, 2017, the Company recognized a curtailment loss associated with certain defined benefit plan freezes that is effective on January 1, 2022.

The Company made contributions to its defined benefit pension plans of $30.0 million and $14.6 million during the six months ended June 30, 2018 and 2017, respectively. The Company currently projects that it will contribute approximately $80 million to its plans worldwide in 2018.

Postretirement Benefits Other Than Pensions

The Company sponsors several postretirement plans that provide for healthcare benefits, and in some instances, life insurance benefits that cover certain eligible employees. These plans are unfunded and have no plan assets, but are instead funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. Generally, postretirement health benefits are contributory with contributions adjusted annually. Life insurance plans for retirees are primarily noncontributory.

The components of net periodic postretirement benefit cost for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Service cost	$	0.7		$	0.7		$	1.4		$	1.5
Interest cost	3.8			4.2			7.6			8.5
Net amortization of:
Prior service gains	(1.0		)	(2.1		)	(2.0		)	(4.3		)
Net actuarial losses	—			—			—			—
Net periodic postretirement benefit cost	$	3.5		$	2.8		$	7.0		$	5.7
Amounts recorded in continuing operations:
Operating income	$	0.7		$	0.7		$	1.4		$	1.5
Other income/(expense), net	2.0			1.7			4.0			2.9
Amounts recorded in discontinued operations	0.8			0.4			1.6			1.3
Total	$	3.5		$	2.8		$	7.0		$	5.7

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Equity

6 Months Ended

Jun. 30, 2018

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 June 30, 2018 or December 31, 2017.

Changes in ordinary shares and treasury shares for the six months ended June 30, 2018 are as follows:

In millions	Ordinary shares issued		Ordinary shares held in treasury
December 31, 2017	274.0		24.5
Shares issued under incentive plans, net	1.4		—
Repurchase of ordinary shares	(5.6	)	—
June 30, 2018	269.8		24.5

Share repurchases are made from time to time in accordance with the Company's capital allocation strategy, subject to market conditions and regulatory requirements. In April 2017, the Company completed a $1.5 billion share repurchase program that began in April 2014. Shares repurchased prior to October 2014 were canceled upon repurchase and 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 was exhausted. Beginning in October 2014, repurchased shares were held in treasury, recognized at cost and presented separately on the balance sheet as a reduction to Equity. In February 2017, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares upon completion of the prior authorized program. Repurchases under this program, which began in May 2017, totaled approximately $600 million at December 31, 2017 and are held in treasury. During the six months ended June 30, 2018, the Company repurchased and canceled approximately $500 million of its ordinary shares leaving approximately $400 million remaining under the program at June 30, 2018.

The components of Equity for the six months ended June 30, 2018 were as follows:

In millions	Shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2017	$	7,140.3		$	66.6		$	7,206.9
Net earnings	568.5			8.2			576.7
Currency translation	(151.0		)	(2.7		)	(153.7		)
Derivatives qualifying as cash flow hedges, net of tax	1.8			—			1.8
Pension and OPEB adjustments, net of tax	23.4			—			23.4
Total comprehensive income (loss)	442.7			5.5			448.2
Share-based compensation	49.5			—			49.5
Adoption of ASC 606	2.4			—			2.4
Adoption of ASU 2016-16	(9.1		)	—			(9.1		)
Dividends declared to noncontrolling interests	—			(35.5		)	(35.5		)
Dividends declared to ordinary shareholders	(352.4		)	—			(352.4		)
Shares issued under incentive plans, net of tax benefit	13.8			—			13.8
Repurchase of ordinary shares	(500.1		)	—			(500.1		)
Balance at June 30, 2018	$	6,787.1		$	36.6		$	6,823.7

The components of Equity for the six months ended June 30, 2017 were as follows:

In millions	Shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2016	$	6,643.8		$	74.5		$	6,718.3
Net earnings	475.7			7.6			483.3
Currency translation	288.9			(0.8		)	288.1
Derivatives qualifying as cash flow hedges, net of tax	0.6			—			0.6
Pension and OPEB adjustments, net of tax	7.3			—			7.3
Total comprehensive income (loss)	772.5			6.8			779.3
Share-based compensation	40.1			—			40.1
Adoption of ASU 2016-09 (1)	15.1			—			15.1
Acquisition/divestiture of noncontrolling interests	(4.9		)	(1.9		)	(6.8		)
Dividends declared to noncontrolling interests	—			(7.0		)	(7.0		)
Dividends declared to ordinary shareholders	(204.8		)	—			(204.8		)
Shares issued under incentive plans, net of tax benefit	35.0			—			35.0
Repurchase of ordinary shares	(575.2		)	—			(575.2		)
Balance at June 30, 2017	$	6,721.6		$	72.4		$	6,794.0

(1) The Company adopted ASU No. 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09) on January 1, 2017.

Accumulated Other Comprehensive Income (Loss)

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2018 are 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	1.4			4.8			(151.0		)	(144.8		)
Amounts reclassified from AOCI	0.7			25.1			—			25.8
Provision for income taxes	(0.3		)	(6.5		)	—			(6.8		)
Net current period other comprehensive income (loss)	$	1.8		$	23.4		$	(151.0	)	$	(125.8	)
Balance at June 30, 2018	$	6.5		$	(470.9	)	$	(440.2	)	$	(904.6	)

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2017 are as follows:

In millions	Derivative Instruments			Pension and OPEB			Foreign Currency Translation			Total
Balance at December 31, 2016	$	2.9		$	(554.4	)	$	(739.0	)	$	(1,290.5	)
Other comprehensive income (loss) before reclassifications	(0.6		)	(8.7		)	288.9			279.6
Amounts reclassified from AOCI	1.0			24.7			—			25.7
Provision for income taxes	0.2			(8.7		)	—			(8.5		)
Net current period other comprehensive income (loss)	$	0.6		$	7.3		$	288.9		$	296.8
Balance at June 30, 2017	$	3.5		$	(547.1	)	$	(450.1	)	$	(993.7	)

The reclassifications out of Accumulated other comprehensive income (loss) for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Derivative Instruments
Reclassifications of deferred (gains) losses (1)	$	(0.3	)	$	0.6		$	0.7		$	1.0
Provision for (benefit from) income taxes	—			0.3			0.2			0.2
Reclassifications, net of taxes	$	(0.3	)	$	0.9		$	0.9		$	1.2
Pension and Postretirement benefits
Amortization of service costs (2)	$	—		$	(1.2	)	$	0.1		$	(2.4	)
Amortization of actuarial losses (2)	12.5			13.5			25.0			27.1
Provision for (benefit from) income taxes	(3.9		)	(3.7		)	(6.5		)	(8.7		)
Reclassifications, net of taxes	$	8.6		$	8.6		$	18.6		$	16.0
Total reclassifications, net of taxes	$	8.3		$	9.5		$	19.5		$	17.2

(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.

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Revenue (Notes)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

The Company recognizes revenue when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. A majority of the Company's revenues are recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenues are recognized over time as the customer simultaneously receives control as the Company performs work under a contract.

Performance Obligations

A performance obligation is a distinct good, service or a bundle of goods and services promised in a contract. The Company identifies performance obligations at the inception of a contract and allocates the transaction price to individual performance obligations to faithfully depict the Company’s performance in transferring control of the promised goods or services to the customer.

The following are the primary performance obligations identified by the Company:

Equipment and parts. The Company principally generates revenue from the sale of equipment and parts to customers and recognizes revenue at a point in time when control transfers to the customer. Transfer of control is generally determined based on the shipping terms of the contract. However, certain transactions within the Industrial segment include contracts to design, deliver and build highly engineered or customized equipment which have no alternative use for the Company in the event the customer cancels the contract. In addition, the Company has the right to payment for performance completed to date. As a result, revenues related to these contracts are recognized over time with progress towards completion measured using an input method as the basis to recognize revenue and an estimated profit. To-date efforts for work performed corresponds with and faithfully depicts transfer of control to the customer.

Contracting and Installation. The Company enters into various construction-type contracts to design, deliver and build integrated solutions to meet customer specifications. These transactions, primarily included within the Climate segment, provide services that range from the development and installation of new HVAC systems to the design and integration of critical building systems to optimize energy efficiency and overall performance. These contracts have a typical term of less than one year and are considered a single performance obligation as multiple combined goods and services promised in the contract represent a single output delivered to the customer. Revenues associated with contracting and installation contracts are recognized over time with progress towards completion measured using an input method as the basis to recognize revenue and an estimated profit. To-date efforts for work performed corresponds with and faithfully depicts transfer of control to the customer. 

Services and Maintenance. The Company provides various levels of preventative and/or repair and maintenance type service agreements for its customers. The typical length of a contract is 12 months but can be as long as 60 months. Revenues associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Certain repair services do not meet the definition of over time revenue recognition as the Company does not transfer control to the customer until the service is completed. As a result, revenue related to these services is recognized at a point in time.

Extended warranties. The Company enters into various warranty contracts with customers related to its products. A standard warranty generally warrants that a product is free from defects in workmanship and materials under normal use and conditions for a certain period of time. The Company’s standard warranty is not considered a distinct performance obligation as it does not provide services to customers beyond assurance that the covered product is free of initial defects. An extended warranty provides a customer with additional time that the Company is liable for covered incidents associated with its products. Extended warranties are purchased separately and can last up to five years. As a result, they are considered separate performance obligations for the Company. Revenue associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Refer to Note 19, "Commitments and Contingencies," for more information related to product warranties.

The transaction price allocated to performance obligations reflects the Company’s expectations about the consideration it will be entitled to receive from a customer. The Company’s contracts with customers, dealers and distributors include several forms of sales incentive programs (variable consideration) which are estimated and included in the transaction price. They include, but are not limited to, discounts (i.e. net 30 type), coupons, and rebates where the customer does not have to provide any additional requirements to receive the discount. The Company records an accrual (contra receivable) and a sales deduction for its best estimate determined using the expected value method. In addition, sales returns and customer disputes involving a question of quantity or price are also accounted for as variable consideration. All other incentives or incentive programs where the customer is required to reach a certain sales level, remain a customer for a certain period of time, provide a rebate form or is subject to additional requirements are accounted for as a reduction of revenue and establishment of a liability for its best estimate determined using the expected value method. The Company considers historical data in determining its best estimates of variable consideration. These estimates are reviewed regularly for appropriateness, considering also whether the estimates should be constrained in order to avoid a significant reversal of revenue recognition in a future period. If updated information or actual amounts are different from previous estimates of variable consideration, the revisions are included in the results for the period in which they become known through a cumulative effect adjustment to revenue. In addition, the Company’s contracts with customers generally do not include significant financing components or noncash consideration.

The Company enters into sales arrangements that contain multiple goods and services, such as equipment, installation and extended warranties. For these arrangements, each good or service is evaluated to determine whether it represents a distinct performance obligation. The total transaction price is then allocated to the distinct performance obligations based on their relative standalone selling price at the inception of the arrangement. If available, the Company utilizes observable prices for goods or services sold separately to similar customers in similar circumstances to determine its relative standalone selling price. Otherwise, list prices are used if they are determined to be representative of standalone selling prices. If neither of these items are available at contract inception, judgment may be required and the Company will estimate standalone selling price based on its best estimate. The Company recognizes revenue for delivered goods or services when the delivered good or service is distinct, control of the good or service has transferred to the customer, and only customary refund or return rights related to the goods or services exist. The Company excludes from revenues taxes it collects from a customer that are assessed by a government authority. Excluding noncurrent contract liabilities, unsatisfied (or partially unsatisfied) performance obligations as of the end of the reporting period are expected to be recognized as revenue within the next 12 months.

Disaggregated Revenue

A summary of Net revenues by destination for the three and six months ended June 30, 2018 is as follows:

In millions	Three months ended		Six months ended
Climate
United States	$	2,410.4	$	4,122.2
Non-U.S.	1,083.4		1,981.4
Total Climate	$	3,493.8	$	6,103.6
Industrial
United States	$	450.6	$	865.2
Non-U.S.	413.3		773.4
Total Industrial	$	863.9	$	1,638.6

A summary of Net revenues by major type of good or service for the three and six months ended June 30, 2018 is as follows:

In millions	Three months ended		Six months ended
Climate
Equipment	$	2,454.8	$	4,226.3
Services and parts	1,039.0		1,877.3
Total Climate	$	3,493.8	$	6,103.6
Industrial
Equipment	$	534.9	$	1,005.5
Services and parts	329.0		633.1
Total Industrial	$	863.9	$	1,638.6

Revenue from goods and services transferred to customers at a point in time accounted for approximately 85% of the Company's revenue for the six months ended June 30, 2018.

Contract Balances

The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended June 30, 2018 and December 31, 2017 were as follows:

In millions	June 30, 2018		December 31, 2017
Contract assets	$	199.6	$	166.0
Contract liabilities	864.6		814.2

The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets, and customer advances and deposits (contract liabilities) on the Condensed Consolidated Balance Sheet. In general, the Company receives payments from customers based on a billing schedule established in its contracts. Contract assets relate to the conditional right to consideration for any completed performance under the contract when costs are incurred in excess of billings under the percentage-of-completion methodology. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities relate to payments received in advance of performance under the contract or when the Company has a right to consideration that is unconditional before it transfers a good or service to the customer. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. During the three and six months ended June 30, 2018, changes in contract asset and liability balances were not materially impacted by any other factors.

Approximately 75% of the contract liability balance at the beginning of the period is expected to be recognized as revenue during 2018. 10% of this amount was recognized during the three months ended June 30, 2018 and 40% of this amount was recognized during the six months ended June 30, 2018. The remaining 25% of the contract liability balance at the beginning of the period is included within Other noncurrent liabilities and expected to be recognized as revenue during 2019 or thereafter.

ASC 606 adoption impact

Under ASC 606, the majority of the Company’s revenue continues to be recognized on a similar basis as previous accounting standards. However, certain highly engineered products sold to customers within the Industrial segment for which revenue was previously recognized at a point in time meet the criteria of a performance obligation satisfied over time. These contracts consist of equipment that is highly engineered or customized to meet the customer’s requirements. In the event the customer cancels the contract, the Company will have no alternative use for the equipment as well as the right to payment for performance completed to date. This change results in accelerated recognition of revenue and increases the balance of contract assets compared to the previous revenue recognition standard.

The Company adopted ASC 606 on January 1, 2018 using the modified retrospective approach with a cumulative effect adjustment to increase Retained earnings by $2.4 million. As a result, the Company applied ASC 606 only to contracts that were not completed as of January 1, 2018. Comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods presented. The Company elected to reflect the aggregate effect of all contract modifications that occurred before the beginning of the earliest period presented in determining the transaction price, identifying the satisfied and unsatisfied performance obligations and allocating the transaction price to the satisfied and unsatisfied performance obligations for the modified contract at transition. The effects of this relief are immaterial.

The following table summarizes the impact of adopting ASC 606 on the Company’s Condensed Consolidated Statements of Comprehensive Income:

	Three months ended June 30, 2018								Six months ended June 30, 2018
In millions	As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)		As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)
Net revenues	$	4,357.7		$	4,353.7		$	4.0	$	7,742.2		$	7,734.9		$	7.3
Cost of goods sold	(2,964.1		)	(2,960.9		)	3.2		(5,384.3		)	(5,377.9		)	6.4
Selling and administrative expenses	(753.3		)	(753.3		)	—		(1,474.2		)	(1,474.2		)	—
Operating income	640.3			639.5			0.8		883.7			882.8			0.9
Interest expense	(50.3		)	(50.3		)	—		(123.2		)	(123.2		)	—
Other income/(expense), net	(3.5		)	(3.5		)	—		(7.5		)	(7.5		)	—
Earnings before income taxes	586.5			585.7			0.8		753.0			752.1			0.9
Provision for income taxes	(128.0		)	(127.8		)	0.2		(161.0		)	(160.8		)	0.2
Earnings from continuing operations	$	458.5		$	457.9		$	0.6	$	592.0		$	591.3		$	0.7

The following table summarizes the impact of adopting ASC 606 on the Company’s Balance Sheet:

	June 30, 2018
In millions	As Reported		Balances Without Adoption of ASC 606		Effect of Change Higher/(Lower)
Assets
Accounts and notes receivable, net	$	2,946.9	$	2,949.7	$	(2.8	)
Inventories, net	1,733.3		1,739.7		(6.4		)
Other current assets	512.0		501.4		10.6
Other noncurrent assets	863.4		863.4		—
Liabilities
Accrued expenses and other current liabilities	$	1,892.6	$	1,891.9	$	0.7
Deferred and noncurrent income taxes	735.4		735.4		—
Other noncurrent liabilities	1,079.5		1,079.5		—
Equity
Retained earnings	$	9,109.9	$	9,109.2	$	0.7

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Share-Based Compensation

6 Months Ended

Jun. 30, 2018

Share-based Compensation [Abstract]

Share-Based Compensation

Share-Based Compensation

The Company accounts for stock-based compensation plans in accordance with ASC 718, "Compensation - Stock Compensation" (ASC 718), which requires a fair-value based method for measuring the value of stock-based compensation. Fair value is measured once at the date of grant and is not adjusted for subsequent changes. The Company’s share-based compensation plans include programs for stock options, restricted stock units (RSUs), performance share units (PSUs) and deferred compensation.

Compensation Expense

Share-based compensation expense is related to continuing operations and is included in Selling and administrative expenses. The expense recognized for the three and six months ended June 30 was as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Stock options	$	5.7		$	4.0		$	18.0		$	12.7
RSUs	8.7			6.6			22.0			16.9
Performance shares	6.9			6.8			11.3			11.2
Other	1.2			1.7			2.0			3.1
Pre-tax expense	22.5			19.1			53.3			43.9
Tax benefit	(5.5		)	(7.3		)	(13.0		)	(16.8		)
After-tax expense	$	17.0		$	11.8		$	40.3		$	27.1

Grants issued during the six months ended June 30 were as follows:

	2018			2017
	Number granted	Weighted- average fair value per award		Number granted	Weighted- average fair value per award
Stock options	1,524,625	$	15.49	1,517,235	$	13.46
RSUs	317,073	$	89.69	335,743	$	80.36
Performance shares (1)	357,096	$	106.06	391,772	$	93.17

(1) The number of performance shares represents the maximum award level.

Stock Options / RSUs

Eligible participants may receive (i) stock options, (ii) RSUs or (iii) a combination of both stock options and RSUs. The fair value of each of the Company’s stock option and RSU awards is expensed on a straight-line basis over the required service period, which is generally the 3-year vesting period. However, for stock options and RSUs granted to retirement eligible employees, the Company recognizes an expense for the entire fair value at the grant date.

The average fair value of the stock options granted is determined using the Black-Scholes option-pricing model. The following assumptions were used during the six months ended June 30:

	2018		2017
Dividend yield	2.00	%	2.00	%
Volatility	21.64	%	22.46	%
Risk-free rate of return	2.48	%	1.80	%
Expected life in years	4.8		4.8

A description of the significant assumptions used to estimate the fair value of the stock option awards is as follows:

• Volatility - The expected volatility is based on a weighted average of the Company’s implied volatility and the most recent historical volatility of the Company’s stock commensurate with the expected life.

• Risk-free rate of return - The Company applies a yield curve of continuous risk-free rates based upon the published U.S. Treasury spot rates on the grant date.

• Expected life - The expected life of the Company’s stock option awards represents the weighted-average of the actual period since the grant date for all exercised or canceled options and an expected period for all outstanding options.

• Dividend yield - The Company determines the dividend yield based upon the expected quarterly dividend payments as of the grant date and the current fair market value of the Company’s stock.

• Forfeiture Rate - The Company analyzes historical data of forfeited options to develop a reasonable expectation of the number of options to forfeit prior to vesting per year. This expected forfeiture rate is applied to the Company’s ongoing compensation expense; however, all expense is adjusted to reflect actual vestings and forfeitures.

Performance Shares

The Company has a Performance Share Program (PSP) for key employees. The program provides awards in the form of PSUs based on performance against pre-established objectives. The annual target award level is expressed as a number of the Company's ordinary shares based on the fair market value of the Company's stock on the date of grant. All PSUs are settled in the form of ordinary shares.

Beginning with the 2018 grant year, PSU awards are earned based 50% upon a performance condition, measured by relative Cash Flow Return on Invested Capital (CROIC) growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative total shareholder return (TSR) as compared to the TSR of the industrial group of companies in the S&P 500 Index over a 3-year performance period. The fair value of the market condition is estimated using a Monte Carlo Simulation approach in a risk-neutral framework based upon historical volatility, risk-free rates and correlation matrix. Awards granted prior to 2018 are earned based 50% upon a performance condition, measured by relative EPS growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative TSR as compared to the TSR of the industrial group of companies in the S&P 500 Index over a 3-year performance period.

Deferred Compensation

The Company allows key employees to defer a portion of their eligible compensation into a number of investment choices, including its ordinary share equivalents. Any amounts invested in ordinary share equivalents will be settled in ordinary shares of the Company at the time of distribution.

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Other, Net

6 Months Ended

Jun. 30, 2018

Other Net [Abstract]

Other, Net

Other Income/(Expense), Net

The components of Other income/(expense), net for the three and six months ended June 30 are as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Interest income	$	2.6		$	1.3		$	6.2		$	4.4
Exchange gain (loss)	(1.8		)	(3.4		)	(9.1		)	(1.5		)
Other components of net periodic benefit cost	(5.8		)	(6.2		)	(9.7		)	(14.4		)
Other activity, net	1.5			(3.2		)	5.1			(4.7		)
Other income/(expense), net	$	(3.5	)	$	(11.5	)	$	(7.5	)	$	(16.2	)

Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net includes items associated with Trane U.S. Inc. for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of asbestos recoveries. Refer to Note 19, "Commitments and Contingencies," for more information regarding asbestos-related matters.

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Income Taxes

6 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

In December 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Act”) which makes widespread changes to the Internal Revenue Code. The Act, among other things, reduced the U.S. federal corporate tax rate from 35% to 21%, requires companies to pay a transition tax on earnings of certain foreign subsidiaries that were previously not subject to U.S. tax and creates new income taxes on certain foreign sourced earnings.

The SEC issued Staff Accounting Bulletin No. 118 (SAB 118) which provides guidance on accounting for the tax effects of the Act and allows for adjustments to provisional amounts during a measurement period of up to one year. In accordance with SAB 118, the Company has made reasonable estimates related to (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate, (2) the liability for the transition tax and (3) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. As a result, the Company recognized a net provisional income tax benefit of $21.0 million associated with these items in 2017.

The Company continues to evaluate how the provisions of the Act will be accounted for under ASC 740, “Income Taxes” (ASC 740). The analysis is provisional and is subject to change due to the additional time required to accurately calculate and review the complex tax law.  The Company will continue to assess any regulatory guidance that is issued which could have an impact on the provisional estimates.  In addition, the Company is gathering information and performing additional analysis on these estimates, including, but not limited to, the amount of earnings and profits subject to the transition tax, the calculation of foreign tax credits, the local tax treatment of future distributions of unremitted earnings and in regard to the remeasurement of U.S. deferred taxes, the filing of its 2017 federal and state income tax returns. Measurement period adjustments will be reported as a component of Provision for income taxes in the reporting period the amounts are determined. The final accounting will be completed no later than one year from the enactment of the Act. 

During the three months ended June 30, 2018, the Company recognized measurement period adjustments for (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate and (2) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. A reconciliation of provisional amounts and related measurement period adjustments are as follows:

In millions	Provisional Amounts Reported			Measurement Period Adjustments			Updated Provisional Amounts
Remeasurement of deferred tax balances	$	(300.6	)	$	(1.9	)	$	(302.5	)
Transition tax	160.7			—			160.7
Change in permanent reinvestment assertion	118.9			3.5			122.4
Income tax benefit, net	$	(21.0	)	$	1.6		$	(19.4	)

The Company accounts for its Provision for income taxes in accordance with ASC 740, which requires an estimate of the annual effective income tax rate for the full year to be applied to the respective interim period, taking into account year-to-date amounts and projected results for the full year. For the six months ended June 30, 2018 and June 30, 2017, the Company's effective income tax rate was 21.4% and 25.7%, respectively. The effective income tax rate for the six months ended June 30, 2018 was higher than the U.S. statutory rate of 21% primarily due to U.S. state and local income taxes and certain non-deductible employee expenses partially offset by excess tax benefits from employee share-based payments, earnings in non-U.S. jurisdictions which in aggregate have a lower effective tax rate and a reduction to the interest liability associated with the Company's unrecognized tax benefits. The effective tax rate for the six months ended June 30, 2017 was lower than the U.S. statutory rate of 35% primarily due to excess tax benefits from employee share-based payments and earnings in non-U.S. jurisdictions, which in aggregate have a lower effective tax rate. These amounts were partially offset by a non-cash charge during the second quarter of 2017 related to the establishment of a valuation allowance on certain net deferred tax assets in Brazil of approximately $33 million.

Total unrecognized tax benefits as of June 30, 2018 and December 31, 2017 were $120.7 million and $120.5 million, respectively. Although management believes its tax positions and related provisions reflected in the Condensed Consolidated Financial Statements are fully supportable, it recognizes that these tax positions and related provisions may be challenged by various tax authorities. These tax positions and related provisions are reviewed on an ongoing basis and are adjusted as additional facts and information become available, including progress on tax audits, changes in interpretations of tax laws, developments in case law and closing of statute of limitations. To the extent that the ultimate results differ from the original or adjusted estimates of the Company, the effect will be recorded in Provision for income taxes.

The Provision for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. A significant period of time may elapse between the filing of an income tax return and the ultimate resolution of an issue raised by a revenue authority with respect to that return. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Brazil, Canada, China, France, Germany, Ireland, Italy, Mexico, Spain, the Netherlands, the United Kingdom and the United States. These examinations on their own, or any subsequent litigation related to the examinations, may result in additional taxes or penalties against the Company. If the ultimate result of these audits differ from

original or adjusted estimates, they could have a material impact on the Company’s tax provision. In general, the examination of the Company’s material tax returns is complete or effectively settled for the years prior to 2008, with certain matters prior to 2008 being resolved through appeals and litigation and also unilateral procedures as provided for under double tax treaties.

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Discontinued Operations

6 Months Ended

Jun. 30, 2018

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

esses that mainly include expenses related to postretirement benefits, product liability and legal costs (mostly asbestos related). The components of Discontinued operations, net of tax for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Pre-tax earnings (loss) from discontinued operations	$	(8.6	)	$	10.0		$	(20.7	)	$	0.9
Tax benefit (expense)	2.7			(1.7		)	5.4			0.9
Discontinued operations, net of tax	$	(5.9	)	$	8.3		$	(15.3	)	$	1.8

Pre-tax earnings (loss) from discontinued operations includes costs associated with Ingersoll Rand Company for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims. Refer to Note 19, "Commitments and Contingencies," for more information related to asbestos.

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Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share (EPS)

Earnings Per Share (EPS)

Basic EPS is calculated by dividing Net earnings attributable to Ingersoll-Rand plc by the weighted-average number of ordinary shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations for the three and six months ended June 30:

	Three months ended		Six months ended
In millions	2018	2017	2018	2017
Weighted-average number of basic shares	247.5	256.4	248.9	257.9
Shares issuable under incentive stock plans	2.6	3.3	2.7	3.2
Weighted-average number of diluted shares	250.1	259.7	251.6	261.1
Anti-dilutive shares	2.1	1.2	1.6	1.6

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Business Segment Information

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies except that the operating segments’ results are prepared on a management basis that is consistent with the manner in which the Company prepares financial information for internal review and decision making. The Company largely evaluates performance based on Segment operating income and Segment operating margins. Intercompany sales between segments are considered immaterial.

The Company's Climate segment delivers energy-efficient products and innovative energy services. It includes Trane^® and American Standard^® Heating & Air Conditioning which provide heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King^® transport temperature control solutions.

The Company's Industrial segment delivers products and services that enhance energy efficiency, productivity and operations. It includes compressed air and gas systems and services, power tools, material handling systems, ARO^® fluid management equipment, as well as Club Car ^® golf, utility and consumer low-speed vehicles.

Segment operating income is the measure of profit and loss that the Company's chief operating decision maker uses to evaluate the financial performance of the business and as the basis for performance reviews, compensation and resource allocation. For these reasons, the Company believes that Segment operating income represents the most relevant measure of segment profit and loss.

A summary of operations by reportable segment for the three and six months ended June 30 was as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Net revenues
Climate	$	3,493.8		$	3,143.8		$	6,103.6		$	5,467.9
Industrial	863.9			764.6			1,638.6			1,441.1
Total	$	4,357.7		$	3,908.4		$	7,742.2		$	6,909.0
Segment operating income
Climate	$	582.7		$	527.1		$	843.1		$	744.4
Industrial	121.2			92.2			181.1			158.0
Unallocated corporate expense	(63.6		)	(61.7		)	(140.5		)	(129.8		)
Operating income	$	640.3		$	557.6		$	883.7		$	772.6

In the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, the amounts disclosed for long-lived assets by geographic area at December 31, 2017 were inadvertently misstated.  Management determined the disclosure error was not material to the 2017 financial statements. The revised amounts have been included below:  

In millions	December 31, 2017
United States	$	1,878.1
Non-U.S.	758.5
Total	$	2,636.6

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2018

Commitments And Contingencies Abstract

Commitments and Contingencies

Commitments and Contingencies

The Company is involved in various litigations, claims and administrative proceedings, including those related to environmental, asbestos, and product liability matters. In accordance with ASC 450, "Contingencies," the Company records accruals for loss contingencies when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, except as expressly set forth in this note, management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company.

Environmental Matters

The Company continues to be dedicated to environmental and sustainability programs to minimize the use of natural resources, and reduce the utilization and generation of hazardous materials from our manufacturing processes and to remediate identified environmental concerns. As to the latter, the Company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former manufacturing facilities.

The Company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state authorities. It has also been identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites. For all such sites, there are other PRPs and, in most instances, the Company’s involvement is minimal.

In estimating its liability, the Company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable. The ability of other PRPs to participate has been taken into account, based on the Company's understanding of the parties’ financial condition and probable contributions on a per site basis. Additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future.

Reserves for environmental matters are classified as Accrued expensesandother current liabilities or Other noncurrent liabilities based on their expected term. As of June 30, 2018 and December 31, 2017, the Company has recorded reserves for environmental matters of $42.8 million and $41.9 million, respectively. Of these amounts, $37.2 million and $36.8 million, respectively, relate to remediation of sites previously disposed of by the Company.

Asbestos-Related Matters

Certain wholly-owned subsidiaries and former companies of ours are named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims have been filed against either Ingersoll-Rand Company or Trane U.S. Inc. (Trane) and generally allege injury caused by exposure to asbestos contained in certain historical products sold by Ingersoll-Rand Company or Trane, primarily pumps, boilers and railroad brake shoes. None of our existing or previously-owned businesses were a producer or manufacturer of asbestos.

The Company engages an outside expert to assist in calculating an estimate of the Company’s total liability for pending and unasserted future asbestos-related claims and annually performs a detailed analysis with the assistance of an outside expert to update its estimated asbestos-related liability. The methodology used to project the Company’s total liability for pending and unasserted potential future asbestos-related claims relied upon and included the following factors, among others:

• the outside expert’s interpretation of a widely accepted forecast of the population likely to have been occupationally exposed to asbestos;

• epidemiological studies estimating the number of people likely to develop asbestos-related diseases such as mesothelioma and lung cancer;

• the Company’s historical experience with the filing of non-malignancy claims and claims alleging other types of malignant diseases filed against the Company relative to the number of lung cancer claims filed against the Company;

• the outside expert’s analysis of the number of people likely to file an asbestos-related personal injury claim against the Company based on such epidemiological and historical data and the Company’s most recent three-year claims history;

• an analysis of the Company’s pending cases, by type of disease claimed and by year filed;

• an analysis of the Company’s most recent three-year history to determine the average settlement and resolution value of claims, by type of disease claimed;

• an adjustment for inflation in the future average settlement value of claims, at a 2.5% annual inflation rate, adjusted downward to 1.5% to take account of the declining value of claims resulting from the aging of the claimant population; and

• an analysis of the period over which the Company has and is likely to resolve asbestos-related claims against it in the future.

At June 30, 2018 and December 31, 2017, over 80 percent of the open claims against the Company are non-malignancy or unspecified disease claims, many of which have been placed on inactive or deferral dockets and the vast majority of which have little or no settlement value against the Company, particularly in light of recent changes in the legal and judicial treatment of such claims.

The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries were included in the following balance sheet accounts:

In millions	June 30, 2018		December 31, 2017
Accrued expenses and other current liabilities	$	48.9	$	48.2
Other noncurrent liabilities	516.4		556.6
Total asbestos-related liabilities	$	565.3	$	604.8
Other current assets	$	63.9	$	56.1
Other noncurrent assets	192.1		210.3
Total asset for probable asbestos-related insurance recoveries	$	256.0	$	266.4

The Company's asbestos insurance receivables related to Ingersoll-Rand Company and Trane were $130.5 million and $125.5 million at June 30, 2018, respectively, and $138.5 million and $127.9 million at December 31, 2017, respectively. The receivable attributable to Trane for probable insurance recoveries as of June 30, 2018 is entirely supported by settlement agreements between Trane and the respective insurance carriers. Most of these settlement agreements constitute “coverage-in-place” arrangements, in which the insurer signatories agree to reimburse Trane for specified portions of its costs for asbestos bodily injury claims and Trane agrees to certain claims-handling protocols and grants to the insurer signatories certain releases and indemnifications.

The costs associated with the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of the Company's liability for potential future claims are included in the income statement within continuing operations or discontinued operations depending on the business to which they relate. The income (expense) associated with these transactions, for the three and six months ended June 30, were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Continuing operations	$	(0.7	)	$	(2.6	)	$	0.8		$	(2.6	)
Discontinued operations	(2.3		)	16.0			(9.5		)	12.7
Total	$	(3.0	)	$	13.4		$	(8.7	)	$	10.1

Ongoing income and expenses associated with Ingersoll-Rand Company's asbestos-related matters are recorded within discontinued operations as they relate to previously divested businesses, primarily Ingersoll-Dresser Pump, which was sold by the Company in 2000. During the second quarter of 2017, the Company reached a settlement with insurance carriers related to Ingersoll Rand Company asbestos matters. Ongoing income and expenses associated with Trane’s asbestos-related matters are recorded within continuing operations.

In 2012 and 2013, Ingersoll-Rand Company filed actions in the Superior Court of New Jersey, Middlesex County, seeking a declaratory judgment and other relief regarding the Company’s rights to defense and indemnity for asbestos claims. The defendants were several dozen solvent insurance companies, including companies that had been paying a portion of Ingersoll-Rand Company’s asbestos claim defense and indemnity costs. The responding defendants generally challenged the Company’s right to recovery, and raised various coverage defenses. Since filing the actions, Ingersoll-Rand Company has settled with approximately two-thirds of the insurer defendants, and has dismissed one of the actions in its entirety.

The Company continually monitors the status of pending litigation that could impact the allocation of asbestos claims against the Company's various insurance policies. The Company has concluded that its Ingersoll-Rand Company insurance receivable is probable of recovery because of the following factors:

• Ingersoll-Rand Company has reached favorable settlements regarding asbestos coverage claims for the majority of its recorded asbestos-related insurance receivable;

• a review of other companies in circumstances comparable to Ingersoll-Rand Company, including Trane, and the success of other companies in recovering under their insurance policies, including Trane's favorable settlements referenced above;

• the Company's confidence in its right to recovery under the terms of its policies and pursuant to applicable law; and

• the Company's history of receiving payments under the Ingersoll-Rand Company insurance program, including under policies that had been the subject of prior litigation.

The amounts recorded by the Company for asbestos-related liabilities and insurance-related assets are based on currently available information. The Company’s actual liabilities or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the calculations vary significantly from actual results. Key variables in these assumptions include the number and type of new claims to be filed each year, the average cost of resolution of each such new claim, the resolution of coverage issues with insurance carriers, and the solvency risk with respect to the Company’s insurance carriers. Furthermore, predictions with respect to these variables are subject to greater uncertainty as the projection period lengthens. Other factors that may affect the Company’s liability include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation.

The aggregate amount of the stated limits in insurance policies available to the Company for asbestos-related claims acquired over many years and from many different carriers, is substantial. However, limitations in that coverage, primarily due to the considerations described above, are expected to result in the projected total liability to claimants substantially exceeding the probable insurance recovery.

Warranty Liability

Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available.

The changes in the standard product warranty liability for the six months ended June 30 were as follows:

In millions	2018			2017
Balance at beginning of period	$	270.5		$	261.6
Reductions for payments	(74.0		)	(65.8		)
Accruals for warranties issued during the current period	75.1			64.3
Changes to accruals related to preexisting warranties	4.5			2.4
Translation	(1.5		)	3.4
Balance at end of period	$	274.6		$	265.9

Standard product warranty liabilities are classified as Accrued expensesandother current liabilities or Other noncurrent liabilities based on their expected term. The Company's total current standard product warranty reserve at June 30, 2018 and December 31, 2017 was $147.5 million and $144.5 million, respectively.

The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Net revenues on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability.

The changes in the extended warranty liability for the six months ended June 30 were as follows:

In millions	2018			2017
Balance at beginning of period	$	293.0		$	295.9
Amortization of deferred revenue for the period	(54.6		)	(52.8		)
Additions for extended warranties issued during the period	57.0			55.2
Changes to accruals related to preexisting warranties	(0.1		)	0.7
Translation	(0.9		)	1.1
Balance at end of period	$	294.4		$	300.1

The extended warranty liability is classified as Accrued expensesandother current liabilities or Other noncurrent liabilities based on the timing of when the deferred revenue is expected to be amortized into revenue. The Company's total current extended warranty liability at June 30, 2018 and December 31, 2017 was $102.8 million and $100.0 million, respectively.

Other Commitments and Contingencies

Trane has performance guarantees related to energy savings contracts, totaling approximately $450 million extending from 2018-2038. These guarantees are provided under the maintenance portion of contracting and installation agreements. Through June 30, 2018, the Company has experienced no significant losses under such arrangements and considers the probability of any significant future losses to be remote.

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Guarantor Financial Information

6 Months Ended

Jun. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Guarantor Financial Information

Guarantor Financial Information

Ingersoll-Rand plc (Plc or Parent Company) and certain of its 100% directly or indirectly owned subsidiaries provide guarantees of public debt issued by other 100% directly or indirectly owned subsidiaries. The following condensed consolidating financial information is provided so that separate financial statements of these subsidiary issuer and guarantors are not required to be filed with the U.S. Securities and Exchange Commission.

The following table shows the Company’s guarantor relationships as of June 30, 2018:

Parent, issuer or guarantors	Notes issued	Notes guaranteed (1)
Ingersoll-Rand plc (Plc)	None	All registered notes and debentures
Ingersoll-Rand Irish Holdings Unlimited Company (Irish Holdings)	None	All notes issued by Global Holding and Lux Finance
Ingersoll-Rand Lux International Holding Company S.à.r.l. (Lux International)	None	All notes issued by Global Holding and Lux Finance
Ingersoll-Rand Global Holding Company Limited (Global Holding)	2.900% Senior notes due 2021 4.250% Senior notes due 2023 3.750% Senior notes due 2028 5.750% Senior notes due 2043 4.300% Senior notes due 2048	All notes issued by Lux Finance
Ingersoll-Rand Company (New Jersey)	9.000% Debentures due 2021 7.200% Debentures due 2019-2025 6.480% Debentures due 2025 Puttable debentures due 2027-2028	All notes issued by Global and Lux Finance
Ingersoll-Rand Luxembourg Finance S.A. (Lux Finance)	2.625% Notes due 2020 3.550% Notes due 2024 4.650% Notes due 2044	All notes and debentures issued by Global and New Jersey

(1) All subsidiary issuers and all guarantors provide irrevocable guarantees of borrowings, if any, made under revolving credit facilities.

Each subsidiary debt issuer and guarantor is owned 100% directly or indirectly by the Parent Company. Each guarantee is full and unconditional, and provided on a joint and several basis. There are no significant restrictions of the Parent Company, or any guarantor, to obtain funds from its subsidiaries, such as provisions in debt agreements that prohibit dividend payments, loans or advances to the parent by a subsidiary.

Basis of presentation

The following Condensed Consolidating Financial Statements present the financial position, results of operations and cash flows of each issuer or guarantor on a legal entity basis. The financial information for all periods has been presented based on the Company’s legal entity ownerships and guarantees outstanding at June 30, 2018. Assets and liabilities are attributed to each issuer and guarantor generally based on legal entity ownership. Investments in subsidiaries of the Parent Company, subsidiary guarantors and issuers represent the proportionate share of their subsidiaries’ net assets. Certain adjustments are needed to consolidate the Parent Company and its subsidiaries, including the elimination of investments in subsidiaries and related activity that occurs between entities in different columns. These adjustments are presented in the Consolidating Adjustments column. This basis of presentation is intended to comply with the specific reporting requirements for subsidiary issuers and guarantors, and is not intended to present the Company’s financial position or results of operations or cash flows for any other purpose.

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

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Restructuring Costs (Notes)

6 Months Ended

Jun. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Activities

The Company incurs ongoing costs associated with restructuring initiatives intended to result in improved operating performance, profitability and working capital levels. Actions associated with these initiatives may include workforce reduction, improving manufacturing productivity, realignment of management structures and rationalizing certain assets. The following table details restructuring charges recorded during the three and six months ended June 30:

	Three months ended				Six months ended
In millions	2018		2017		2018		2017
Climate	$	4.2	$	1.8	$	8.1	$	29.8
Industrial	1.5		3.4		37.2		8.1
Corporate and Other	1.4		0.3		6.2		0.3
Total	$	7.1	$	5.5	$	51.5	$	38.2
Cost of goods sold	$	2.5	$	2.3	$	39.0	$	32.6
Selling and administrative expenses	4.6		3.2		12.5		5.6
Total	$	7.1	$	5.5	$	51.5	$	38.2

The changes in the restructuring reserve for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Corporate and Other			Total
December 31, 2017	$	7.4		$	6.1		$	2.5		$	16.0
Additions, net of reversals (1)	8.1			33.1			6.2			47.4
Cash paid/other	(9.5		)	(5.4		)	(6.4		)	(21.3		)
June 30, 2018	$	6.0		$	33.8		$	2.3		$	42.1

(1) Excludes the non-cash costs of asset rationalizations ($4.1 million).

Ongoing restructuring actions primarily include workforce reductions as well as the closure and consolidation of manufacturing facilities in an effort to improve the Company's cost structure. During the first quarter of 2018, the Company announced plans to close a Non-U.S. manufacturing facility within its Industrial segment and relocate production to other U.S. and Non-U.S. facilities. As of June 30, 2018, the Company had $42.1 million accrued for costs associated with its ongoing restructuring actions, of which a majority is expected to be paid within one year. These actions primarily relate to workforce reduction benefits. In addition, the Company incurred $0.6 million of non-qualified restructuring charges during six months ended June 30, 2018, which represent costs that are directly attributable to restructuring activities, but do not fall into the severance, exit or disposal category. These non-qualified restructuring charges were incurred to improve the Company's cost structure.

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Inventories (Tables)

6 Months Ended

Jun. 30, 2018

Inventory, Net [Abstract]

MajorClassesOfInventory [Table Text Block]

The major classes of inventory were as follows:

In millions	June 30, 2018			December 31, 2017
Raw materials	$	532.8		$	502.8
Work-in-process	213.1			180.5
Finished goods	1,056.6			941.0
	1,802.5			1,624.3
LIFO reserve	(69.2		)	(68.9		)
Total	$	1,733.3		$	1,555.4

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Goodwill (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill Abstract

Changes in Goodwill Carrying Amounts

The changes in the carrying amount of goodwill for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Total
Net balance as of December 31, 2017	$	5,065.1		$	870.6		$	5,935.7
Acquisitions (1)	120.4			1.8			122.2
Currency translation	(49.1		)	(7.7		)	(56.8		)
Net balance as of June 30, 2018	$	5,136.4		$	864.7		$	6,001.1

(1) Refer to Note 16, "Acquisitions and Divestitures" for more information regarding acquisitions during the period.

The net goodwill balances at June 30, 2018 and December 31, 2017 include $2,496.0 million

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Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2018

Intangible Assets Abstract

Schedule of Intangible Asset Net of Goodwill

The gross amount of the Company’s intangible assets and related accumulated amortization were as follows:

	June 30, 2018							December 31, 2017
In millions	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Completed technologies/patents	$	207.6	$	(180.0	)	$	27.6	$	209.4	$	(177.3	)	$	32.1
Customer relationships	2,092.5		(1,116.2		)	976.3		2,068.9		(1,056.9		)	1,012.0
Other	85.1		(51.3		)	33.8		93.9		(52.7		)	41.2
Total finite-lived intangible assets	2,385.2		(1,347.5		)	1,037.7		2,372.2		(1,286.9		)	1,085.3
Trademarks (indefinite-lived)	2,667.2		—			2,667.2		2,657.6		—			2,657.6
Total	$	5,052.4	$	(1,347.5	)	$	3,704.9	$	5,029.8	$	(1,286.9	)	$	3,742.9

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Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2018

Debt Credit Facilities

Short-Term Borrowings and Current Maturities of Long-Term Debt

Short-term borrowings and current maturities of long-term debt consisted of the following:

In millions	June 30, 2018		December 31, 2017
Debentures with put feature	$	343.0	$	343.0
6.875% Senior notes due 2018 (1)	—		749.6
Commercial Paper	249.0		—
Other current maturities of long-term debt	7.6		7.7
Short-term borrowings	—		6.7
Total	$	599.6	$	1,107.0

Long-Term Debt Excluding Current Maturities

Long-term debt, excluding current maturities, consisted of the following:

In millions	June 30, 2018		December 31, 2017
2.875% Senior notes due 2019 (1)	—		349.4
2.625% Senior notes due 2020	299.2		298.9
2.900% Senior notes due 2021	297.9		—
9.000% Debentures due 2021	124.9		124.9
4.250% Senior notes due 2023	696.8		696.5
7.200% Debentures due 2019-2025	44.8		52.3
3.550% Senior notes due 2024	495.6		495.2
6.480% Debentures due 2025	149.7		149.7
3.750% Senior notes due 2028	544.2		—
5.750% Senior notes due 2043	494.2		494.0
4.650% Senior notes due 2044	295.7		295.6
4.300% Senior notes due 2048	295.7		—
Other loans and notes	0.2		0.5
Total	$	3,738.9	$	2,957.0

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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Financial Instruments Abstract

Schedule Of Derivatives Designated As Hedges Affecting Condensed Consolidated Income Statement And Accumulated Other Comprehensive Income [Text Block]

The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the six months ended June 30:

	Amount of gain (loss) recognized in AOCI					Location of gain (loss) reclassified from AOCI and recognized into Net earnings	Amount of gain (loss) reclassified from AOCI and recognized into Net earnings
In millions	2018		2017				2018			2017
Currency derivatives designated as hedges	$	1.4	$	(0.6	)	Cost of goods sold	$	(0.3	)	$	(0.7	)
Interest rate swaps & locks	—		—			Interest expense	(0.4		)	(0.3		)
Total	$	1.4	$	(0.6	)		$	(0.7	)	$	(1.0	)

Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges

The following table represents the amounts associated with derivatives not designated as hedges affecting Other income/(expense), net for the six months ended June 30:

	Amount of gain (loss) recognized in Net earnings
In millions	2018			2017
Currency derivatives not designated as hedges	$	(23.1	)	$	33.8
Total	$	(23.1	)	$	33.8

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2018:

In millions	Fair Value		Fair value measurements
			Level 1		Level 2		Level 3
Assets:
Derivative instruments	$	2.5	$	—	$	2.5	$	—
Liabilities:
Derivative instruments	$	16.8	$	—	$	16.8	$	—

The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:

In Millions	Fair Value		Fair value measurements
			Level 1		Level 2		Level 3
Assets:
Derivative instruments	$	7.2	$	—	$	7.2	$	—
Liabilities:
Derivative instruments	$	2.5	$	—	$	2.5	$	—

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Pensions and Postretirement Benefits Other than Pensions (Tables)

6 Months Ended

Jun. 30, 2018

Pension Plan, Defined Benefit [Member]

Schedule of Net Periodic Benefit Cost

The components of the Company’s net periodic pension benefit cost for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Service cost	$	17.9		$	17.9		$	35.8		$	35.7
Interest cost	26.9			27.0			53.9			54.0
Expected return on plan assets	(36.7		)	(35.2		)	(73.6		)	(70.4		)
Net amortization of:
Prior service costs	1.0			0.9			2.1			1.9
Net actuarial losses	12.5			13.5			25.0			27.1
Net periodic pension benefit cost	$	21.6		$	24.1		$	43.2		$	48.3
Net curtailment and settlement (gains) losses	1.2			—			1.2			2.3
Net periodic pension benefit cost after net curtailment and settlement (gains) losses	$	22.8		$	24.1		$	44.4		$	50.6
Amounts recorded in continuing operations:
Operating income	$	16.9		$	17.2		$	34.5		$	34.3
Other income/(expense), net	3.8			4.5			5.7			11.5
Amounts recorded in discontinued operations	2.1			2.4			4.2			4.8
Total	$	22.8		$	24.1		$	44.4		$	50.6

Other Postretirement Benefit Plan, Defined Benefit [Member]

Schedule of Net Periodic Benefit Cost

The components of net periodic postretirement benefit cost for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Service cost	$	0.7		$	0.7		$	1.4		$	1.5
Interest cost	3.8			4.2			7.6			8.5
Net amortization of:
Prior service gains	(1.0		)	(2.1		)	(2.0		)	(4.3		)
Net actuarial losses	—			—			—			—
Net periodic postretirement benefit cost	$	3.5		$	2.8		$	7.0		$	5.7
Amounts recorded in continuing operations:
Operating income	$	0.7		$	0.7		$	1.4		$	1.5
Other income/(expense), net	2.0			1.7			4.0			2.9
Amounts recorded in discontinued operations	0.8			0.4			1.6			1.3
Total	$	3.5		$	2.8		$	7.0		$	5.7

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Equity (Tables)

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Reconciliation of Ordinary Shares

Changes in ordinary shares and treasury shares for the six months ended June 30, 2018 are as follows:

In millions	Ordinary shares issued		Ordinary shares held in treasury
December 31, 2017	274.0		24.5
Shares issued under incentive plans, net	1.4		—
Repurchase of ordinary shares	(5.6	)	—
June 30, 2018	269.8		24.5

Components Of Shareholders Equity Rollforward

The components of Equity for the six months ended June 30, 2018 were as follows:

In millions	Shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2017	$	7,140.3		$	66.6		$	7,206.9
Net earnings	568.5			8.2			576.7
Currency translation	(151.0		)	(2.7		)	(153.7		)
Derivatives qualifying as cash flow hedges, net of tax	1.8			—			1.8
Pension and OPEB adjustments, net of tax	23.4			—			23.4
Total comprehensive income (loss)	442.7			5.5			448.2
Share-based compensation	49.5			—			49.5
Adoption of ASC 606	2.4			—			2.4
Adoption of ASU 2016-16	(9.1		)	—			(9.1		)
Dividends declared to noncontrolling interests	—			(35.5		)	(35.5		)
Dividends declared to ordinary shareholders	(352.4		)	—			(352.4		)
Shares issued under incentive plans, net of tax benefit	13.8			—			13.8
Repurchase of ordinary shares	(500.1		)	—			(500.1		)
Balance at June 30, 2018	$	6,787.1		$	36.6		$	6,823.7

The components of Equity for the six months ended June 30, 2017 were as follows:

In millions	Shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2016	$	6,643.8		$	74.5		$	6,718.3
Net earnings	475.7			7.6			483.3
Currency translation	288.9			(0.8		)	288.1
Derivatives qualifying as cash flow hedges, net of tax	0.6			—			0.6
Pension and OPEB adjustments, net of tax	7.3			—			7.3
Total comprehensive income (loss)	772.5			6.8			779.3
Share-based compensation	40.1			—			40.1
Adoption of ASU 2016-09 (1)	15.1			—			15.1
Acquisition/divestiture of noncontrolling interests	(4.9		)	(1.9		)	(6.8		)
Dividends declared to noncontrolling interests	—			(7.0		)	(7.0		)
Dividends declared to ordinary shareholders	(204.8		)	—			(204.8		)
Shares issued under incentive plans, net of tax benefit	35.0			—			35.0
Repurchase of ordinary shares	(575.2		)	—			(575.2		)
Balance at June 30, 2017	$	6,721.6		$	72.4		$	6,794.0

Schedule of Accumulated Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2018 are 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	1.4			4.8			(151.0		)	(144.8		)
Amounts reclassified from AOCI	0.7			25.1			—			25.8
Provision for income taxes	(0.3		)	(6.5		)	—			(6.8		)
Net current period other comprehensive income (loss)	$	1.8		$	23.4		$	(151.0	)	$	(125.8	)
Balance at June 30, 2018	$	6.5		$	(470.9	)	$	(440.2	)	$	(904.6	)

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2017 are as follows:

In millions	Derivative Instruments			Pension and OPEB			Foreign Currency Translation			Total
Balance at December 31, 2016	$	2.9		$	(554.4	)	$	(739.0	)	$	(1,290.5	)
Other comprehensive income (loss) before reclassifications	(0.6		)	(8.7		)	288.9			279.6
Amounts reclassified from AOCI	1.0			24.7			—			25.7
Provision for income taxes	0.2			(8.7		)	—			(8.5		)
Net current period other comprehensive income (loss)	$	0.6		$	7.3		$	288.9		$	296.8
Balance at June 30, 2017	$	3.5		$	(547.1	)	$	(450.1	)	$	(993.7	)

Equity

The reclassifications out of Accumulated other comprehensive income (loss) for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Derivative Instruments
Reclassifications of deferred (gains) losses (1)	$	(0.3	)	$	0.6		$	0.7		$	1.0
Provision for (benefit from) income taxes	—			0.3			0.2			0.2
Reclassifications, net of taxes	$	(0.3	)	$	0.9		$	0.9		$	1.2
Pension and Postretirement benefits
Amortization of service costs (2)	$	—		$	(1.2	)	$	0.1		$	(2.4	)
Amortization of actuarial losses (2)	12.5			13.5			25.0			27.1
Provision for (benefit from) income taxes	(3.9		)	(3.7		)	(6.5		)	(8.7		)
Reclassifications, net of taxes	$	8.6		$	8.6		$	18.6		$	16.0
Total reclassifications, net of taxes	$	8.3		$	9.5		$	19.5		$	17.2

(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.

i

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Revenue (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of revenues

A summary of Net revenues by destination for the three and six months ended June 30, 2018 is as follows:

In millions	Three months ended		Six months ended
Climate
United States	$	2,410.4	$	4,122.2
Non-U.S.	1,083.4		1,981.4
Total Climate	$	3,493.8	$	6,103.6
Industrial
United States	$	450.6	$	865.2
Non-U.S.	413.3		773.4
Total Industrial	$	863.9	$	1,638.6

A summary of Net revenues by major type of good or service for the three and six months ended June 30, 2018 is as follows:

In millions	Three months ended		Six months ended
Climate
Equipment	$	2,454.8	$	4,226.3
Services and parts	1,039.0		1,877.3
Total Climate	$	3,493.8	$	6,103.6
Industrial
Equipment	$	534.9	$	1,005.5
Services and parts	329.0		633.1
Total Industrial	$	863.9	$	1,638.6

Schedule of assets and liabilities from contracts with customers

The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended June 30, 2018 and December 31, 2017 were as follows:

In millions	June 30, 2018		December 31, 2017
Contract assets	$	199.6	$	166.0
Contract liabilities	864.6		814.2

Schedule of new accounting pronouncements

The following table summarizes the impact of adopting ASC 606 on the Company’s Condensed Consolidated Statements of Comprehensive Income:

	Three months ended June 30, 2018								Six months ended June 30, 2018
In millions	As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)		As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)
Net revenues	$	4,357.7		$	4,353.7		$	4.0	$	7,742.2		$	7,734.9		$	7.3
Cost of goods sold	(2,964.1		)	(2,960.9		)	3.2		(5,384.3		)	(5,377.9		)	6.4
Selling and administrative expenses	(753.3		)	(753.3		)	—		(1,474.2		)	(1,474.2		)	—
Operating income	640.3			639.5			0.8		883.7			882.8			0.9
Interest expense	(50.3		)	(50.3		)	—		(123.2		)	(123.2		)	—
Other income/(expense), net	(3.5		)	(3.5		)	—		(7.5		)	(7.5		)	—
Earnings before income taxes	586.5			585.7			0.8		753.0			752.1			0.9
Provision for income taxes	(128.0		)	(127.8		)	0.2		(161.0		)	(160.8		)	0.2
Earnings from continuing operations	$	458.5		$	457.9		$	0.6	$	592.0		$	591.3		$	0.7

The following table summarizes the impact of adopting ASC 606 on the Company’s Balance Sheet:

	June 30, 2018
In millions	As Reported		Balances Without Adoption of ASC 606		Effect of Change Higher/(Lower)
Assets
Accounts and notes receivable, net	$	2,946.9	$	2,949.7	$	(2.8	)
Inventories, net	1,733.3		1,739.7		(6.4		)
Other current assets	512.0		501.4		10.6
Other noncurrent assets	863.4		863.4		—
Liabilities
Accrued expenses and other current liabilities	$	1,892.6	$	1,891.9	$	0.7
Deferred and noncurrent income taxes	735.4		735.4		—
Other noncurrent liabilities	1,079.5		1,079.5		—
Equity
Retained earnings	$	9,109.9	$	9,109.2	$	0.7

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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2018

Share-based Compensation [Abstract]

Share-Based Compensation Expense

The expense recognized for the three and six months ended June 30 was as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Stock options	$	5.7		$	4.0		$	18.0		$	12.7
RSUs	8.7			6.6			22.0			16.9
Performance shares	6.9			6.8			11.3			11.2
Other	1.2			1.7			2.0			3.1
Pre-tax expense	22.5			19.1			53.3			43.9
Tax benefit	(5.5		)	(7.3		)	(13.0		)	(16.8		)
After-tax expense	$	17.0		$	11.8		$	40.3		$	27.1

Grants of Stock Options and RSUs

Grants issued during the six months ended June 30 were as follows:

	2018			2017
	Number granted	Weighted- average fair value per award		Number granted	Weighted- average fair value per award
Stock options	1,524,625	$	15.49	1,517,235	$	13.46
RSUs	317,073	$	89.69	335,743	$	80.36
Performance shares (1)	357,096	$	106.06	391,772	$	93.17

Average fair value of stock options, assumptions

The following assumptions were used during the six months ended June 30:

	2018		2017
Dividend yield	2.00	%	2.00	%
Volatility	21.64	%	22.46	%
Risk-free rate of return	2.48	%	1.80	%
Expected life in years	4.8		4.8

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Other, Net (Tables)

6 Months Ended

Jun. 30, 2018

Other Net [Abstract]

Other, Net

The components of Other income/(expense), net for the three and six months ended June 30 are as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Interest income	$	2.6		$	1.3		$	6.2		$	4.4
Exchange gain (loss)	(1.8		)	(3.4		)	(9.1		)	(1.5		)
Other components of net periodic benefit cost	(5.8		)	(6.2		)	(9.7		)	(14.4		)
Other activity, net	1.5			(3.2		)	5.1			(4.7		)
Other income/(expense), net	$	(3.5	)	$	(11.5	)	$	(7.5	)	$	(16.2	)

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations [Abstract]

Summarized Financial Information For Discontinued Operations Text Block [Table Text Block]

The components of Discontinued operations, net of tax for the three and six months ended June 30 were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Pre-tax earnings (loss) from discontinued operations	$	(8.6	)	$	10.0		$	(20.7	)	$	0.9
Tax benefit (expense)	2.7			(1.7		)	5.4			0.9
Discontinued operations, net of tax	$	(5.9	)	$	8.3		$	(15.3	)	$	1.8

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Earnings Per Share (EPS) (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted Shares

The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations for the three and six months ended June 30:

	Three months ended		Six months ended
In millions	2018	2017	2018	2017
Weighted-average number of basic shares	247.5	256.4	248.9	257.9
Shares issuable under incentive stock plans	2.6	3.3	2.7	3.2
Weighted-average number of diluted shares	250.1	259.7	251.6	261.1
Anti-dilutive shares	2.1	1.2	1.6	1.6

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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of Operations by Reportable Segments

A summary of operations by reportable segment for the three and six months ended June 30 was as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Net revenues
Climate	$	3,493.8		$	3,143.8		$	6,103.6		$	5,467.9
Industrial	863.9			764.6			1,638.6			1,441.1
Total	$	4,357.7		$	3,908.4		$	7,742.2		$	6,909.0
Segment operating income
Climate	$	582.7		$	527.1		$	843.1		$	744.4
Industrial	121.2			92.2			181.1			158.0
Unallocated corporate expense	(63.6		)	(61.7		)	(140.5		)	(129.8		)
Operating income	$	640.3		$	557.6		$	883.7		$	772.6

In the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, the amounts disclosed for long-lived assets by geographic area at December 31, 2017 were inadvertently misstated.  Management determined the disclosure error was not material to the 2017 financial statements. The revised amounts have been included below:  

In millions	December 31, 2017
United States	$	1,878.1
Non-U.S.	758.5
Total	$	2,636.6

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Asbestos Related Balances

The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries were included in the following balance sheet accounts:

In millions	June 30, 2018		December 31, 2017
Accrued expenses and other current liabilities	$	48.9	$	48.2
Other noncurrent liabilities	516.4		556.6
Total asbestos-related liabilities	$	565.3	$	604.8
Other current assets	$	63.9	$	56.1
Other noncurrent assets	192.1		210.3
Total asset for probable asbestos-related insurance recoveries	$	256.0	$	266.4

Cost Income Asbestos Related Claims After Recoveries

six months ended June 30, were as follows:

	Three months ended						Six months ended
In millions	2018			2017			2018			2017
Continuing operations	$	(0.7	)	$	(2.6	)	$	0.8		$	(2.6	)
Discontinued operations	(2.3		)	16.0			(9.5		)	12.7
Total	$	(3.0	)	$	13.4		$	(8.7	)	$	10.1

Schedule of Product Warranty Liability [Table Text Block]

The changes in the standard product warranty liability for the six months ended June 30 were as follows:

In millions	2018			2017
Balance at beginning of period	$	270.5		$	261.6
Reductions for payments	(74.0		)	(65.8		)
Accruals for warranties issued during the current period	75.1			64.3
Changes to accruals related to preexisting warranties	4.5			2.4
Translation	(1.5		)	3.4
Balance at end of period	$	274.6		$	265.9

Extended Warranty [Member]

Schedule of Product Warranty Liability [Table Text Block]

The changes in the extended warranty liability for the six months ended June 30 were as follows:

In millions	2018			2017
Balance at beginning of period	$	293.0		$	295.9
Amortization of deferred revenue for the period	(54.6		)	(52.8		)
Additions for extended warranties issued during the period	57.0			55.2
Changes to accruals related to preexisting warranties	(0.1		)	0.7
Translation	(0.9		)	1.1
Balance at end of period	$	294.4		$	300.1

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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

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

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

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Restructuring (Tables)

6 Months Ended

Jun. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table details restructuring charges recorded during the three and six months ended June 30:

	Three months ended				Six months ended
In millions	2018		2017		2018		2017
Climate	$	4.2	$	1.8	$	8.1	$	29.8
Industrial	1.5		3.4		37.2		8.1
Corporate and Other	1.4		0.3		6.2		0.3
Total	$	7.1	$	5.5	$	51.5	$	38.2
Cost of goods sold	$	2.5	$	2.3	$	39.0	$	32.6
Selling and administrative expenses	4.6		3.2		12.5		5.6
Total	$	7.1	$	5.5	$	51.5	$	38.2

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Restructuring and Related Activities (Tables)

6 Months Ended

Jun. 30, 2018

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The changes in the restructuring reserve for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Corporate and Other			Total
December 31, 2017	$	7.4		$	6.1		$	2.5		$	16.0
Additions, net of reversals (1)	8.1			33.1			6.2			47.4
Cash paid/other	(9.5		)	(5.4		)	(6.4		)	(21.3		)
June 30, 2018	$	6.0		$	33.8		$	2.3		$	42.1

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Restructuring Costs (Tables)

6 Months Ended

Jun. 30, 2018

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The changes in the restructuring reserve for the six months ended June 30, 2018 were as follows:

In millions	Climate			Industrial			Corporate and Other			Total
December 31, 2017	$	7.4		$	6.1		$	2.5		$	16.0
Additions, net of reversals (1)	8.1			33.1			6.2			47.4
Cash paid/other	(9.5		)	(5.4		)	(6.4		)	(21.3		)
June 30, 2018	$	6.0		$	33.8		$	2.3		$	42.1

Restructuring and Related Costs [Table Text Block]

The following table details restructuring charges recorded during the three and six months ended June 30:

	Three months ended				Six months ended
In millions	2018		2017		2018		2017
Climate	$	4.2	$	1.8	$	8.1	$	29.8
Industrial	1.5		3.4		37.2		8.1
Corporate and Other	1.4		0.3		6.2		0.3
Total	$	7.1	$	5.5	$	51.5	$	38.2
Cost of goods sold	$	2.5	$	2.3	$	39.0	$	32.6
Selling and administrative expenses	4.6		3.2		12.5		5.6
Total	$	7.1	$	5.5	$	51.5	$	38.2

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Inventories (Schedule of Major Classes of Inventory) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Inventory Valuation Reserves	$ 116.9	$ 120.3
Raw materials	532.8	502.8
Work-in-process	213.1	180.5
Finished goods	1,056.6	941.0
Sub-total	1,802.5	1,624.3
LIFO reserve	(69.2)	(68.9)
Total	$ 1,733.3	$ 1,555.4

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Goodwill (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Accumulated Impairment	$ (2,496.0)	$ (2,496.0)
Acquisitions and adjustments	122.2
Currency translation	(56.8)
Goodwill (net)	6,001.1	5,935.7
Climate
Goodwill [Roll Forward]
Accumulated Impairment	(2,496.0)	(2,496.0)
Acquisitions and adjustments	120.4
Currency translation	(49.1)
Goodwill (net)	5,136.4	5,065.1
Industrial
Goodwill [Roll Forward]
Acquisitions and adjustments	1.8
Currency translation	(7.7)
Goodwill (net)	$ 864.7	$ 870.6

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Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Finite-lived intangible assets, gross	$ 2,385.2		$ 2,372.2
Accumulated amortization	(1,347.5)		(1,286.9)
Net finite-lived intangible assets	1,037.7		1,085.3
Total intangible assets, gross	5,052.4		5,029.8
Intangible assets, net	3,704.9		3,742.9
Amortization of intangible assets	70.4	$ 64.7
Trademarks [Member]
Trademarks (indefinite-lived)	2,667.2		2,657.6
Completed technologies/patents [Member]
Finite-lived intangible assets, gross	207.6		209.4
Accumulated amortization	(180.0)		(177.3)
Net finite-lived intangible assets	27.6		32.1
Customer Relationships [Member]
Finite-lived intangible assets, gross	2,092.5		2,068.9
Accumulated amortization	(1,116.2)		(1,056.9)
Net finite-lived intangible assets	976.3		1,012.0
Other Intangible Assets [Member]
Finite-lived intangible assets, gross	85.1		93.9
Accumulated amortization	(51.3)		(52.7)
Net finite-lived intangible assets	$ 33.8		$ 41.2

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Debt and Credit Facilities (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Feb. 29, 2016
Short-term borrowings and current maturities of long-term debt	$ 599.6		$ 1,107.0
Repayments of Long-term Debt	1,122.9	$ 7.6
Line of credit facility, amount outstanding	2,000.0
Debt Instrument, Fair Value Disclosure	4,400.0
Five Year Revolving Credit Facility Refinanced [Member]
Line of credit facility, amount outstanding	2,000.0
Five Year Revolving Credit Facility [Member]
Line of credit facility, amount outstanding	1,000.0
Debentures With Put Feature [Member]
Short-term borrowings and current maturities of long-term debt	$ 343.0		$ 343.0
Debt Instrument, Maturity Date Range, Start	Jan. 01, 2027
Debt instrument, maturity date range, end	Dec. 31, 2028
Debentures with put option available to be exercised				$ 37.2
2.875% Senior notes due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.875%		2.875%
4.25% Senior notes due 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.25%		4.25%
5.75% Senior notes due 2043 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.75%		5.75%
Two Point Six Two Five Percent Senior Notes Due Two Thousand Twenty [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.625%		2.625%
Three Point Five Five Percent Senior Notes due 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.55%		3.55%
Four Point Six Five Percent Senior Notes due Twenty Forty Four [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.65%		4.65%

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Debt and Credit Facilities (Short-Term Borrowings and Current Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Short-term borrowings and current maturities of long-term debt	$ 599.6	$ 1,107.0
Six Point Eight Seven Five Percent Senior Notes Due Two Thousand Eighteen [Member]
Short-term borrowings and current maturities of long-term debt	0.0	749.6
Debentures With Put Feature [Member]
Short-term borrowings and current maturities of long-term debt	343.0	343.0
Current Maturities Of Long Term Debt [Member]
Short-term borrowings and current maturities of long-term debt	7.6	7.7
Other Short Term Borrowings [Member]
Short-term borrowings and current maturities of long-term debt	0.0	6.7
Commercial Paper [Member]
Short-term borrowings and current maturities of long-term debt	$ 249.0	$ 0.0

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Debt and Credit Facilities (Long-Term Debt Excluding Current Maturities) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Long-term debt excluding current maturities	$ 3,738.9	$ 2,957.0
2.875% Senior notes due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.875%	2.875%
Long-term debt excluding current maturities	$ 0.0	$ 349.4
Two Point Six Two Five Percent Senior Notes Due Two Thousand Twenty [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.625%	2.625%
Long-term debt excluding current maturities	$ 299.2	$ 298.9
Two Point Nine Percent Senior Notes Due Two Thousand Twenty One [Member] [Member]
Long-term debt excluding current maturities	$ 297.9	$ 0.0
9.00% Debentures Due 2021 [Member]
Debt Instrument, Interest Rate, Stated Percentage	9.00%	9.00%
Long-term debt excluding current maturities	$ 124.9	$ 124.9
4.25% Senior notes due 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.25%	4.25%
Long-term debt excluding current maturities	$ 696.8	$ 696.5
Seven Point Two Zero Percent Debentures [Domain]
Long-term debt excluding current maturities	$ 44.8	$ 52.3
Three Point Five Five Percent Senior Notes due 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.55%	3.55%
Long-term debt excluding current maturities	$ 495.6	$ 495.2
6.48% Debentures Due 2025 [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.48%	6.48%
Long-term debt excluding current maturities	$ 149.7	$ 149.7
Three Point Seven Five Percent Senior Notes Due Two Thousand Twenty Eight [Member]
Long-term debt excluding current maturities	$ 544.2	$ 0.0
5.75% Senior notes due 2043 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.75%	5.75%
Long-term debt excluding current maturities	$ 494.2	$ 494.0
Four Point Six Five Percent Senior Notes due Twenty Forty Four [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.65%	4.65%
Long-term debt excluding current maturities	$ 295.7	$ 295.6
Other Loans and Notes [Member]
Long-term debt excluding current maturities	$ 0.2	$ 0.5
Seven Point Two Zero Percent Debentures due Two Thousand Fourteen to Two Thousand Twenty Five [Member] [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.20%	7.20%
Four Point Three Percent Senior Notes Due Two Thousand Forty Eight [Member]
Long-term debt excluding current maturities	$ 295.7	$ 0.0

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Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2014	Dec. 31, 2017	Dec. 31, 2016
Deferred gain/loss, net of tax, included in accumulated other comprehensive income (AOCI) related to the fair value of the Company's currency derivatives designated as accounting hedges	$ (904.6)	$ (993.7)		$ (778.8)	$ (1,290.5)
Currency derivatives expected to be reclassified into earnings over the next twelve months	0.2
Repayments of Long-term Debt	1,122.9	$ 7.6
Amount expected to be reclassified into interest expense over the next twelve months	0.7
Currency Derivatives
Derivative, Notional Amount	896.4			710.3
ERROR in label resolution.
Derivative, Notional Amount	1,300.0
Designated as Hedging Instrument [Member]
Deferred gain/loss, net of tax, included in accumulated other comprehensive income (AOCI) related to the fair value of the Company's currency derivatives designated as accounting hedges	0.2			1.2
Derivatives designated as hedges, liability at fair value	0.6			$ 1.3
Senior Notes Issued in 2013 [Member] | Interest Rate Swap [Member]
Deferred (loss) remaining in AOCI related to the interest rate locks	$ 7.0		$ 6.6

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Financial Instruments Schedule of the Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Derivative asset fair value	$ 2.5	$ 7.2
Derivative liability fair value	16.8	2.5
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedges, asset at fair value	0.9	0.0
Derivatives designated as hedges, liability at fair value	0.6	1.3
Nondesignated [Member]
Derivatives, Fair Value [Line Items]
Derivatives not designated as hedges, asset at fair value	1.6	7.2
Derivatives not designated as hedges, liability at fair value	16.2	1.2
Significant Other Observable Inputs (Level 2) [Member]
Derivatives, Fair Value [Line Items]
Derivative asset fair value	2.5	7.2
Derivative liability fair value	$ 16.8	$ 2.5

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Financial Instruments Schedule of Derivatives Designated as Hedges Affecting Condensed Consolidated Income Statement and Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income	$ 1.4	$ (0.6)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.7)	(1.0)
Designated as Hedging Instrument [Member] | Interest Rate Swap and Lock [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income	0.0	0.0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.4)	(0.3)
Designated as Hedging Instrument [Member] | Currency Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income	1.4	(0.6)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (0.3)	$ (0.7)

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Financial Instruments Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges (Details) - Currency Derivatives - Nondesignated [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	$ (23.1)	$ 33.8
Other, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	$ (23.1)	$ 33.8

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Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 2.5	$ 7.2
Derivative Liability, Fair Value, Gross Liability	16.8	2.5
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.0	0.0
Derivative Liability, Fair Value, Gross Liability	0.0	0.0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	2.5	7.2
Derivative Liability, Fair Value, Gross Liability	16.8	2.5
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.0	0.0
Derivative Liability, Fair Value, Gross Liability	$ 0.0	$ 0.0

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Pensions and Postretirement Benefits Other than Pensions (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Company contributions	$ 30.0	$ 14.6
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(23.4)	$ (7.3)
Pension Plan, Defined Benefit [Member]
Expected future employer contributions in 2017	$ 80.0

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Pensions and Postretirement Benefits Other than Pensions (Components of the Company's Pension-Related Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Total			$ (9.7)	$ (14.4)
Pension Costs [Member]
Service cost	$ 17.9	$ 17.9	35.8	35.7
Interest cost	26.9	27.0	53.9	54.0
Expected return on plan assets	(36.7)	(35.2)	(73.6)	(70.4)
Net amortization of prior service costs	1.0	0.9	2.1	1.9
Net amortization of plan net actuarial losses	12.5	13.5	25.0	27.1
Net periodic pension benefit cost	21.6	24.1	43.2	48.3
Net curtailment loss	(1.2)	0.0	(1.2)	(2.3)
Total	22.8	24.1	44.4	50.6
Pension Costs [Member] | Segment, Continuing Operations [Member]
Total
Pension Costs [Member] | Discontinued Operations [Member]
Total	$ 2.1	$ 2.4	$ 4.2	$ 4.8

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Pensions and Postretirement Benefits Other than Pensions (Components of Net Periodic Postretirement Benefit Cost) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Total			$ (9.7)	$ (14.4)
Postretirement Benefit Costs [Member]
Service cost	$ 0.7	$ 0.7	1.4	1.5
Interest cost	3.8	4.2	7.6	8.5
Net amortization of prior service gains	(1.0)	(2.1)	(2.0)	(4.3)
Net amortization of plan net actuarial losses	0.0	0.0	0.0	0.0
Total	3.5	2.8	7.0	5.7
Postretirement Benefit Costs [Member] | Segment, Continuing Operations [Member]
Total
Postretirement Benefit Costs [Member] | Discontinued Operations [Member]
Total	$ 0.8	$ 0.4	$ 1.6	$ 1.3

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Equity (Reconciliation of Ordinary Shares) (Details) shares in Millions	6 Months Ended
	Jun. 30, 2018 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of ordinary shares	0.0
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	274.0
Shares issued under incentive plans, net	1.4
Repurchase of ordinary shares	(5.6)
Ending balance	269.8
Treasury Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	24.5
Shares issued under incentive plans, net	0.0
Ending balance	24.5

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Equity (Components of Shareholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Payments for Repurchase of Common Stock			$ 500.1	$ 575.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			7,206.9	6,718.3
Net earnings	$ 452.6	$ 362.2	576.7	483.3
Currency translation			(153.7)	288.1
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax			1.8	0.6
Pension and OPEB adjustments, net of tax			23.4	7.3
Total comprehensive income (loss)	171.6	539.1	448.2	779.3
Share-based compensation			49.5	40.1
Dividends declared to noncontrolling interests			(35.5)	(7.0)
Dividends declared to ordinary shareholders			(352.4)	(204.8)
Shares issued under incentive plans, net			(13.8)	(35.0)
Repurchase of ordinary shares			(500.1)	(575.2)
Ending balance	6,823.7	6,794.0	$ 6,823.7	6,794.0
Revenue, Initial Application Period Cumulative Effect Transition, Description			2.4
Proceeds and Excess Tax Benefit from Share-based Compensation				15.1
Cumulative Effect on Retained Earnings, Tax			$ (9.1)
Noncontrolling Interest, Period Increase (Decrease)				(6.8)
Shareholders' Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			7,140.3	6,643.8
Net earnings			568.5	475.7
Currency translation			(151.0)	288.9
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax			1.8	0.6
Pension and OPEB adjustments, net of tax			23.4	7.3
Total comprehensive income (loss)			442.7	772.5
Share-based compensation			49.5	40.1
Dividends declared to noncontrolling interests			0.0	0.0
Dividends declared to ordinary shareholders			(352.4)	(204.8)
Shares issued under incentive plans, net			(13.8)	(35.0)
Repurchase of ordinary shares			(500.1)	(575.2)
Ending balance	6,787.1	6,721.6	$ 6,787.1	6,721.6
Revenue, Initial Application Period Cumulative Effect Transition, Description			2.4
Proceeds and Excess Tax Benefit from Share-based Compensation				15.1
Cumulative Effect on Retained Earnings, Tax			$ (9.1)
Noncontrolling Interest, Period Increase (Decrease)				(4.9)
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			66.6	74.5
Net earnings			8.2	7.6
Currency translation			(2.7)	(0.8)
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax			0.0	0.0
Pension and OPEB adjustments, net of tax			0.0	0.0
Total comprehensive income (loss)			5.5	6.8
Share-based compensation			0.0	0.0
Dividends declared to noncontrolling interests			(35.5)	(7.0)
Dividends declared to ordinary shareholders			0.0	0.0
Shares issued under incentive plans, net			0.0	0.0
Repurchase of ordinary shares			0.0	0.0
Ending balance	$ 36.6	$ 72.4	$ 36.6	72.4
Revenue, Initial Application Period Cumulative Effect Transition, Description			0
Proceeds and Excess Tax Benefit from Share-based Compensation				0.0
Cumulative Effect on Retained Earnings, Tax			$ 0.0
Noncontrolling Interest, Period Increase (Decrease)				$ (1.9)

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Equity Equity (Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	$ (778.8)	$ (1,290.5)
Other comprehensive income before reclassifications	(144.8)	279.6
Amounts reclassified from accumulated other comprehensive income	25.8	25.7
Provision for income taxes	(6.8)	(8.5)
Net current period other comprehensive income (loss)	(125.8)	296.8
Balance at September 30:	(904.6)	(993.7)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	(289.2)	(739.0)
Other comprehensive income before reclassifications	(151.0)	288.9
Amounts reclassified from accumulated other comprehensive income	0.0	0.0
Provision for income taxes	0.0	0.0
Net current period other comprehensive income (loss)	(151.0)	288.9
Balance at September 30:	(440.2)	(450.1)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	4.7	2.9
Other comprehensive income before reclassifications	1.4	(0.6)
Amounts reclassified from accumulated other comprehensive income	0.7	1.0
Provision for income taxes	(0.3)	0.2
Net current period other comprehensive income (loss)	1.8	0.6
Balance at September 30:	6.5	3.5
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	(494.3)	(554.4)
Other comprehensive income before reclassifications	4.8	(8.7)
Amounts reclassified from accumulated other comprehensive income	25.1	24.7
Provision for income taxes	(6.5)	(8.7)
Net current period other comprehensive income (loss)	23.4	7.3
Balance at September 30:	$ (470.9)	$ (547.1)

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Equity Equity (Reclassification Adjustments out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	[1]	$ 12.5	$ 13.5	$ 25.0	$ 27.1
Gains and losses on cash flow hedges	[2]	(0.3)	0.6		1.0
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	[1]	0.0	(1.2)	0.1	(2.4)
Earnings before income taxes [Member]
Defined benefit plan reclassification adjustments		8.6	8.6	18.6	16.0
Earnings from continuing operations [Member]
Cash flow hedge reclassification adjustments, net of tax		(0.3)	0.9	0.9	1.2
Total reclassifications from Other comprehensive income (loss), net of tax		8.3	9.5	19.5	17.2
cost of goods sold [Member] | Currency Derivatives
Gains and losses on cash flow hedges			0.3		0.2
Provision for income taxes [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		0.0		0.0
Other comprehensive income loss reclassification adjustment on defined benefit plans tax		$ (3.9)	$ (3.7)	$ (6.5)	$ (8.7)

[1] 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.

[2] 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.

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Equity Equity (Narrative) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2018 USD ($) shares	Jun. 30, 2017 USD ($)	Jun. 30, 2018 € / shares shares	Jun. 30, 2018 $ / shares shares
Capital Units, Authorized			1,185,040,000	1,185,040,000
Treasury Stock, Shares, Acquired	0
Repurchase of ordinary shares | $	$ (500.1)	$ (575.2)
Par Value US [Member]
Common Stock, Par or Stated Value Per Share | $ / shares				$ 1.00
Preferred Stock, Par or Stated Value Per Share | $ / shares				$ 0.001
Par Value Euro [Member]
Common Stock, Par or Stated Value Per Share | € / shares			€ 1.00
Preferred Stock [Member]
Preferred Stock, Shares Authorized			10,000,000	10,000,000
Common Stock [Member] | Par Value US [Member]
Common Stock, Shares Authorized			1,175,000,000	1,175,000,000
Common Stock [Member] | Par Value Euro [Member]
Common Stock, Shares Authorized			40,000	40,000

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Revenue (Details)	6 Months Ended
	Jun. 30, 2018
Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Remaining performance obligation, percentage	85.00%
Contracting And Installation
Disaggregation of Revenue [Line Items]
Contract length	1 year
Service And Maintenance
Disaggregation of Revenue [Line Items]
Contract length	12 months
Service And Maintenance | Maximum
Disaggregation of Revenue [Line Items]
Contract length	60 months

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Revenue - Desegregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Net revenues	$ 4,357.7	$ 3,908.4	$ 7,742.2	$ 6,909.0
Climate
Disaggregation of Revenue [Line Items]
Net revenues	3,493.8	3,143.8	6,103.6	5,467.9
Climate | Equipment
Disaggregation of Revenue [Line Items]
Net revenues	2,454.8		4,226.3
Climate | Services and parts
Disaggregation of Revenue [Line Items]
Net revenues	1,039.0		1,877.3
Climate | United States
Disaggregation of Revenue [Line Items]
Net revenues	2,410.4		4,122.2
Climate | Non-U.S.
Disaggregation of Revenue [Line Items]
Net revenues	1,083.4		1,981.4
Industrial
Disaggregation of Revenue [Line Items]
Net revenues	863.9	$ 764.6	1,638.6	$ 1,441.1
Industrial | Equipment
Disaggregation of Revenue [Line Items]
Net revenues	534.9		1,005.5
Industrial | Services and parts
Disaggregation of Revenue [Line Items]
Net revenues	329.0		633.1
Industrial | United States
Disaggregation of Revenue [Line Items]
Net revenues	450.6		865.2
Industrial | Non-U.S.
Disaggregation of Revenue [Line Items]
Net revenues	$ 413.3		$ 773.4

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Revenue - Schedule of Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Contract assets	$ 199.6	$ 166.0
Contract liabilities	$ 864.6	$ 814.2

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Revenue Schedule of impact of adopting ASC 606 on the Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings	$ 9,109.9		$ 9,109.9		$ 8,903.2
Net revenues	4,357.7	$ 3,908.4	7,742.2	$ 6,909.0
Cost of goods sold	(2,964.1)	(2,653.1)	(5,384.3)	(4,779.2)
Selling and administrative expenses	(753.3)	(697.7)	(1,474.2)	(1,357.2)
Operating income	640.3	557.6	883.7	772.6
Interest expense	(50.3)	(54.1)	(123.2)	(108.1)
Other income/(expense), net	3.5	11.5	7.5	16.2
Earnings before income taxes	586.5	492.0	753.0	648.3
Provision for income taxes	(128.0)	(138.1)	(161.0)	(166.8)
Earnings from continuing operations	458.5	$ 353.9	592.0	$ 481.5
Balances Without Adoption of ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings	9,109.2		9,109.2
Effect of Change Higher/(Lower) | ASU 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings	$ 0.7		$ 0.7		$ 2.4

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Revenue - Schedule of the impact of adopting ASC 606 on the Company’s Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Assets
Accounts and notes receivable, net	$ 2,946.9	$ 2,477.4
Inventories, net	1,733.3	1,555.4
Other current assets	512.0
Other noncurrent assets	863.4	824.3
Liabilities
Accrued expenses and other current liabilities	1,892.6	1,655.2
Deferred and noncurrent income taxes	735.4	757.5
Other noncurrent liabilities	1,079.5	1,138.6
Equity
Retained earnings	9,109.9	8,903.2
Effect of Change Higher/(Lower) | ASU 2014-09
Assets
Accounts and notes receivable, net	(2.8)
Inventories, net	(6.4)
Other current assets	10.6
Other noncurrent assets	0.0
Liabilities
Accrued expenses and other current liabilities	0.7
Deferred and noncurrent income taxes	0.0
Other noncurrent liabilities	0.0
Equity
Retained earnings	0.7	$ 2.4
Balances Without Adoption of ASC 606
Assets
Accounts and notes receivable, net	2,949.7
Inventories, net	1,739.7
Other current assets	501.4
Other noncurrent assets	863.4
Liabilities
Accrued expenses and other current liabilities	1,891.9
Deferred and noncurrent income taxes	735.4
Other noncurrent liabilities	1,079.5
Equity
Retained earnings	$ 9,109.2

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Revenue - Contract liability balances to be recognized (Details)	Jun. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	10.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	75.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	25.00%

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Share-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Share based compensation expense	$ 22.5	$ 19.1	$ 53.3	$ 43.9
Share based compensation expense, net of tax	17.0	11.8	$ 40.3	27.1
Percentage Of Awards Applied To Performance Condition			50.00%
Percentage of Awards Applied to Market Condition			50.00%
Stock options and Restricted Stock Units (RSUs) [Member]
Vesting period, in years			3 years
Employee Stock Option [Member]
Share based compensation expense	$ 5.7	$ 4.0	$ 18.0	$ 12.7
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures			317,073	335,743
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures			1,524,625	1,517,235

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Share-Based Compensation (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Share based compensation expense	$ 22.5	$ 19.1	$ 53.3	$ 43.9
Tax benefit	(5.5)	(7.3)	(13.0)	(16.8)
After-tax expense	17.0	11.8	40.3	27.1
Stock Options [Member]
Share based compensation expense	5.7	4.0	18.0	12.7
Restricted Stock Units (RSUs) [Member]
Share based compensation expense	8.7	6.6	22.0	16.9
Performance Shares [Member]
Share based compensation expense	6.9	6.8	11.3	11.2
Other share based compensation [Member]
Share based compensation expense	$ 1.2	$ 1.7	$ 2.0	$ 3.1

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Share-Based Compensation (Grants of Stock Options and RSUs) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Stock Options [Member]
Equity awards, granted, in shares	1,524,625	1,517,235
Weighted average fair value per award, in dollars per share	$ 15.49	$ 13.46
RSUs [Member]
Equity awards, granted, in shares	317,073	335,743
Weighted average fair value per award, in dollars per share	$ 89.69	$ 80.36

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Share-Based Compensation Share-Based Compensation (Average Fair Value of Stock Options Granted, Assumptions) (Details)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Dividend yield	2.00%	2.00%
Volatility	21.64%	22.46%
Risk-free rate of return	2.48%	1.80%
Expected life, in years	4 years 9 months 18 days	4 years 9 months 20 days

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Other, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest income	$ 2.6	$ 1.3	$ 6.2	$ 4.4
Exchange gain (loss)	1.8	3.4	9.1	1.5
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)			(9.7)	(14.4)
Other	1.5	(3.2)	5.1	(4.7)
Other, net	$ (3.5)	$ (11.5)	$ (7.5)	$ (16.2)

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Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Unrecognized Tax Benefits	$ 120.7		$ 120.5
Effective Tax Rate Year-to-date	2140.00%	2570.00%

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Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Discontinued Operations [Abstract]
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	$ (8.6)	$ 10.0	$ (20.7)	$ 0.9
Discontinued Operation, Tax Effect of Discontinued Operation	(2.7)	1.7	(5.4)	(0.9)
Discontinued operations, net of tax	$ (5.9)	$ 8.3	$ (15.3)	$ 1.8

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Earnings Per Share (EPS) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Weighted-average number of basic shares	247.5	256.4	248.9	257.9
Shares issuable under incentive stock plans	2.6	3.3	2.7	3.2
Weighted average number of diluted shares	250.1	259.7	251.6	261.1
Anti-dilutive shares	2.1	1.2	1.6	1.6

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Business Segment Information (Summary of Operations by Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net revenues	$ 4,357.7	$ 3,908.4	$ 7,742.2	$ 6,909.0
Operating income	640.3	557.6	883.7	772.6
Climate
Net revenues	3,493.8	3,143.8	6,103.6	5,467.9
Segment operating income	582.7	527.1	843.1	744.4
Industrial
Net revenues	863.9	764.6	1,638.6	1,441.1
Segment operating income	121.2	92.2	181.1	158.0
Unallocated Amount to Segment
Unallocated corporate expense	$ (63.6)	$ (61.7)	$ 140.5	$ 129.8

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Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Reserves for environmental matters	$ 42.8	$ 41.9
Percentage of non-malignant claims, minimum	80.00%	80.00%
Total current standard product warranty reserve	$ 147.5	$ 144.5
Total current extended warranty liability	102.8	100.0
Commitments and performance guarantees	$ 450.0
Expected annual inflation rate	2.50%
Adjusted Expected Annual Inflation Rate	1.50%
Discontinued Operations [Member]
Reserves for environmental matters	$ 37.2
Asbestos [Member]
Total Asset For Probable Asbestos Related Insurance Recoveries	256.0	266.4
Asbestos [Member] | IR New Jersey [Member]
Total Asset For Probable Asbestos Related Insurance Recoveries	130.5	138.5
Asbestos [Member] | Trane [Member]
Total Asset For Probable Asbestos Related Insurance Recoveries	$ 125.5	$ 127.9

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Commitments and Contingencies (Schedule of Asbestos-Related Balances) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Accrued expenses and other current liabilities	$ 1,892.6	$ 1,655.2
Other noncurrent liabilities	1,079.5	1,138.6
Other current assets	512.0
Other noncurrent assets	863.4	824.3
Asbestos [Member]
Accrued expenses and other current liabilities	48.9	48.2
Other noncurrent liabilities	516.4	556.6
Total asbestos-related liabilities	565.3	604.8
Other current assets	63.9	56.1
Other noncurrent assets	192.1	210.3
Total asset for probable asbestos-related insurance recoveries	256.0	266.4
IR New Jersey [Member]
Other noncurrent assets	437.6	471.1
IR New Jersey [Member] | Asbestos [Member]
Total asset for probable asbestos-related insurance recoveries	130.5	138.5
Trane [Member] | Asbestos [Member]
Total asset for probable asbestos-related insurance recoveries	$ 125.5	$ 127.9

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Commitments and Contingencies (Cost/Income Asbestos Related Claims after Recoveries) (Details) - Asbestos [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Continuing operations	$ (0.7)	$ (2.6)	$ 0.8	$ (2.6)
Discontinued operations	(2.3)	16.0	(9.5)	12.7
Total	$ (3.0)	$ 13.4	$ (8.7)	$ 10.1

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Commitments and Contingencies (Product Warranty Liability) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Balance at beginning of period	$ 270.5	$ 261.6
Reductions for payments	(74.0)	(65.8)
Accruals for warranties issued during the current period	75.1	64.3
Changes to accruals related to preexisting warranties	4.5	2.4
Translation	(1.5)	3.4
Balance at end of period	$ 274.6	$ 265.9

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Commitments and Contingencies Commitments and Contingencies (Extended Warranty Accrual) (Details) - Extended Warranty [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Balance at beginning of period	$ 293.0	$ 295.9
Amortization of deferred revenue for the period	(54.6)	(52.8)
Additions for extended warranties issued during the period	57.0	55.2
Changes to accruals related to preexisting warranties	(0.1)	0.7
Translation	(0.9)	1.1
Balance at end of period	$ 294.4	$ 300.1

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Guarantor Financial Information (Condensed Consolidating Statements of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 4,357.7	$ 3,908.4	$ 7,742.2	$ 6,909.0
Cost of goods sold	(2,964.1)	(2,653.1)	(5,384.3)	(4,779.2)
Selling and administrative expenses	(753.3)	(697.7)	(1,474.2)	(1,357.2)
Operating income	640.3	557.6	883.7	772.6
Equity earnings (loss) in subsidiaries, net of tax		0.0	0.0	0.0
Interest expense	(50.3)	(54.1)	(123.2)	(108.1)
Intercompany interest and fees		0.0	0.0	0.0
Other income/(expense), net	(3.5)	(11.5)	(7.5)	(16.2)
Earnings before income taxes	586.5	492.0	753.0	648.3
Benefit (provision) for income taxes	(128.0)	(138.1)	(161.0)	(166.8)
Earnings from continuing operations	458.5	353.9	592.0	481.5
Discontinued operations, net of tax	(5.9)	8.3	(15.3)	1.8
Net earnings	452.6	362.2	576.7	483.3
Less: Net earnings attributable to noncontrolling interests	(4.5)	(3.6)	(8.2)	(7.6)
Net earnings attributable to Ingersoll-Rand plc	448.1	358.6	568.5	475.7
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(277.9)	176.2	(125.8)	296.8
Total comprehensive income attributable to Ingersoll-Rand plc	170.2	534.8	442.7	772.5
IR Ireland [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0.0	0.0	0.0	0.0
Cost of goods sold		0.0	0.0	0.0
Selling and administrative expenses		(5.9)	(6.2)	(8.2)
Operating income	(4.5)	(5.9)	(6.2)	(8.2)
Equity earnings (loss) in subsidiaries, net of tax		371.2	585.0	496.1
Interest expense		0.0	0.0	0.0
Intercompany interest and fees		(7.3)	(9.5)	(13.1)
Other income/(expense), net		0.0	0.0	0.0
Earnings before income taxes	447.8	358.0	569.3	474.8
Benefit (provision) for income taxes		(0.6)	0.8	(0.9)
Earnings from continuing operations	448.1	358.6	568.5	475.7
Discontinued operations, net of tax		0.0	0.0	0.0
Net earnings	448.1	358.6	568.5	475.7
Less: Net earnings attributable to noncontrolling interests		0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	448.1	358.6	568.5	475.7
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(277.9)	176.2	(125.8)	296.8
Total comprehensive income attributable to Ingersoll-Rand plc	170.2	534.8	442.7	772.5
IR Irish Holdings [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0.0	0.0	0.0	0.0
Cost of goods sold		0.0	0.0	0.0
Selling and administrative expenses		0.0	0.0	0.0
Operating income	0.0	0.0	0.0	0.0
Equity earnings (loss) in subsidiaries, net of tax		369.6	584.5	487.0
Interest expense		0.0	0.0	0.0
Intercompany interest and fees		0.0	0.0	0.0
Other income/(expense), net		0.0	0.0	0.0
Earnings before income taxes	461.0	369.6	584.5	487.0
Benefit (provision) for income taxes		0.0	0.0	0.0
Earnings from continuing operations	461.0	369.6	584.5	487.0
Discontinued operations, net of tax		0.0	0.0	0.0
Net earnings	461.0	369.6	584.5	487.0
Less: Net earnings attributable to noncontrolling interests		0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	461.0	369.6	584.5	487.0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(277.3)	175.8	(125.4)	296.1
Total comprehensive income attributable to Ingersoll-Rand plc	183.7	545.4	459.1	783.1
IR Lux International [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues		0.0	0.0	0.0
Cost of goods sold		0.0	0.0	0.0
Selling and administrative expenses		(0.1)	(0.1)	(0.1)
Operating income	(0.1)	(0.1)	(0.1)	(0.1)
Equity earnings (loss) in subsidiaries, net of tax		348.5	479.0	442.4
Interest expense		0.0	0.0	0.0
Intercompany interest and fees		(10.0)	18.4	(23.5)
Other income/(expense), net		0.0	(0.2)	0.0
Earnings before income taxes	382.2	338.4	497.1	418.8
Benefit (provision) for income taxes		0.0	0.0	0.0
Earnings from continuing operations	381.9	338.4	497.1	418.8
Discontinued operations, net of tax		0.0	0.0	0.0
Net earnings	381.9	338.4	497.1	418.8
Less: Net earnings attributable to noncontrolling interests		0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	381.9	338.4	497.1	418.8
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(266.3)	161.0	(122.1)	275.9
Total comprehensive income attributable to Ingersoll-Rand plc	115.6	499.4	375.0	694.7
IR Global [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues		0.0	0.0	0.0
Cost of goods sold		0.0	0.0	0.0
Selling and administrative expenses		0.0	(0.1)	(0.9)
Operating income	0.0	0.0	(0.1)	(0.9)
Equity earnings (loss) in subsidiaries, net of tax		277.1	491.0	300.1
Interest expense		(31.8)	(77.0)	(63.5)
Intercompany interest and fees		(43.7)	(78.3)	(86.4)
Other income/(expense), net		0.0	0.7	0.0
Earnings before income taxes	295.5	201.6	336.3	149.3
Benefit (provision) for income taxes		(27.5)	(35.5)	(54.9)
Earnings from continuing operations	313.3	229.1	371.8	204.2
Discontinued operations, net of tax		0.0	0.0	0.0
Net earnings	313.3	229.1	371.8	204.2
Less: Net earnings attributable to noncontrolling interests		0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	313.3	229.1	371.8	204.2
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(171.8)	136.3	(66.0)	214.3
Total comprehensive income attributable to Ingersoll-Rand plc	141.5	365.4	305.8	418.5
IR New Jersey [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues		326.5	692.7	642.8
Cost of goods sold		(229.1)	(506.0)	(463.7)
Selling and administrative expenses		(101.1)	(262.6)	(222.4)
Operating income	(33.4)	(3.7)	(75.9)	(43.3)
Equity earnings (loss) in subsidiaries, net of tax		335.4	564.7	442.5
Interest expense		(11.9)	(23.6)	(23.8)
Intercompany interest and fees		(77.1)	15.3	(151.3)
Other income/(expense), net		0.4	(8.1)	(2.3)
Earnings before income taxes	361.3	243.1	472.4	221.8
Benefit (provision) for income taxes		(27.7)	(35.2)	(77.7)
Earnings from continuing operations	380.1	270.8	507.6	299.5
Discontinued operations, net of tax		6.2	(16.8)	0.4
Net earnings	372.6	277.0	490.8	299.9
Less: Net earnings attributable to noncontrolling interests		0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	372.6	277.0	490.8	299.9
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(171.6)	136.1	(66.4)	214.0
Total comprehensive income attributable to Ingersoll-Rand plc	201.0	413.1	424.4	513.9
IR Lux Finance [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues		0.0	0.0	0.0
Cost of goods sold		0.0	0.0	0.0
Selling and administrative expenses		(0.1)	0.1	(0.2)
Operating income	0.1	(0.1)	0.1	(0.2)
Equity earnings (loss) in subsidiaries, net of tax		21.2	88.6	27.2
Interest expense		(10.1)	(22.4)	(20.4)
Intercompany interest and fees		(1.9)	(3.6)	(3.8)
Other income/(expense), net		0.0	0.1	0.0
Earnings before income taxes	36.5	9.1	62.8	2.8
Benefit (provision) for income taxes	0.0	0.0	0.0	0.0
Earnings from continuing operations	36.5	9.1	62.8	2.8
Discontinued operations, net of tax	0.0	0.0	0.0	0.0
Net earnings	36.5	9.1	62.8	2.8
Less: Net earnings attributable to noncontrolling interests	0.0	0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	36.5	9.1	62.8	2.8
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(90.6)	24.1	(53.3)	60.2
Total comprehensive income attributable to Ingersoll-Rand plc	(54.1)	33.2	9.5	63.0
Other Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues		3,669.5	7,252.1	6,447.3
Cost of goods sold		(2,511.6)	(5,080.9)	(4,496.6)
Selling and administrative expenses		(590.5)	(1,205.3)	(1,125.4)
Operating income	678.2	567.4	965.9	825.3
Equity earnings (loss) in subsidiaries, net of tax		0.0	0.0	0.0
Interest expense		(0.3)	(0.2)	(0.4)
Intercompany interest and fees		140.0	57.7	278.1
Other income/(expense), net		(11.9)	0.0	(13.9)
Earnings before income taxes	716.2	695.2	1,023.4	1,089.1
Benefit (provision) for income taxes		193.9	230.9	300.3
Earnings from continuing operations	551.6	501.3	792.5	788.8
Discontinued operations, net of tax		2.1	1.5	1.4
Net earnings	553.2	503.4	794.0	790.2
Less: Net earnings attributable to noncontrolling interests		(3.6)	(8.2)	(7.6)
Net earnings attributable to Ingersoll-Rand plc	548.7	499.8	785.8	782.6
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(283.4)	178.4	(137.6)	296.5
Total comprehensive income attributable to Ingersoll-Rand plc	265.3	678.2	648.2	1,079.1
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues		(87.6)	(202.6)	(181.1)
Cost of goods sold		87.6	202.6	181.1
Selling and administrative expenses		0.0	0.0	0.0
Operating income	0.0	0.0	0.0	0.0
Equity earnings (loss) in subsidiaries, net of tax		(1,723.0)	(2,792.8)	(2,195.3)
Interest expense		0.0	0.0	0.0
Intercompany interest and fees		0.0	0.0	0.0
Other income/(expense), net		0.0	0.0	0.0
Earnings before income taxes	(2,114.0)	(1,723.0)	(2,792.8)	(2,195.3)
Benefit (provision) for income taxes		0.0	0.0	0.0
Earnings from continuing operations	(2,114.0)	(1,723.0)	(2,792.8)	(2,195.3)
Discontinued operations, net of tax		0.0	0.0	0.0
Net earnings	(2,114.0)	(1,723.0)	(2,792.8)	(2,195.3)
Less: Net earnings attributable to noncontrolling interests		0.0	0.0	0.0
Net earnings attributable to Ingersoll-Rand plc	(2,114.0)	(1,723.0)	(2,792.8)	(2,195.3)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	1,261.0	(811.7)	570.8	(1,357.0)
Total comprehensive income attributable to Ingersoll-Rand plc	$ (853.0)	$ (2,534.7)	$ (2,222.0)	$ (3,552.3)

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Guarantor Financial Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 969.5	$ 1,549.4	$ 1,310.1	$ 1,714.7
Accounts and notes receivable, net	2,946.9	2,477.4
Inventories, net	1,733.3	1,555.4
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	512.0	536.9
Due from Affiliate, Current	0.0	0.0
Total current assets	6,161.7	6,119.1
Property, plant and equipment, net	1,646.8	1,551.3
Intangible assets, net	9,706.0	9,678.6
Other noncurrent assets	863.4	824.3
Investments in and Advances to Affiliates, at Fair Value	0.0	0.0
Due from Affiliate, Noncurrent	0.0
Total assets	18,377.9	18,173.3
Current liabilities:
Current liabilities:	4,153.1	3,721.0
Short-term borrowings and current maturities of long-term debt	599.6	1,107.0
Short-term borrowings and current maturities of long-term debt	0.0	0.0
Total current liabilities	4,752.7	4,828.0
Long-term debt	3,738.9	2,957.0
Other noncurrent liabilities	3,062.6	3,181.4
Due to Affiliate, Noncurrent	0.0
Total liabilities	11,554.2	10,966.4
Equity:
Total equity	6,823.7	7,206.9	6,794.0	6,718.3
Total liabilities and equity	18,377.9	18,173.3
IR Ireland [Member]
Current assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	0.0	0.0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0.2	0.2
Due from Affiliate, Current	27.8	1,819.1
Total current assets	28.0	1,819.3
Property, plant and equipment, net	0.0	0.0
Intangible assets, net	0.0	0.0
Other noncurrent assets	0.0	0.0
Investments in and Advances to Affiliates, at Fair Value	8,672.2	7,318.1
Due from Affiliate, Noncurrent	0.0
Total assets	8,700.2	9,137.4
Current liabilities:
Current liabilities:	140.7	8.5
Short-term borrowings and current maturities of long-term debt	0.0	0.0
Short-term borrowings and current maturities of long-term debt	1,772.4	1,988.3
Total current liabilities	1,913.1	1,996.8
Long-term debt	0.0	0.0
Other noncurrent liabilities	0.0	0.3
Due to Affiliate, Noncurrent	0.0
Total liabilities	1,913.1	1,997.1
Equity:
Total equity	6,787.1	7,140.3
Total liabilities and equity	8,700.2	9,137.4
IR Irish Holdings [Member]
Current assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	0.0	0.0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0.0	0.0
Due from Affiliate, Current	0.0	9,912.2
Total current assets	0.0	9,912.2
Property, plant and equipment, net	0.0	0.0
Intangible assets, net	0.0	0.0
Other noncurrent assets	0.0	0.0
Investments in and Advances to Affiliates, at Fair Value	8,633.1	1,684.2
Due from Affiliate, Noncurrent	0.0
Total assets	8,633.1	11,596.4
Current liabilities:
Current liabilities:	0.0	0.0
Short-term borrowings and current maturities of long-term debt	0.0	0.0
Short-term borrowings and current maturities of long-term debt	2.5	0.0
Total current liabilities	2.5	0.0
Long-term debt	0.0	0.0
Other noncurrent liabilities	0.0	0.0
Due to Affiliate, Noncurrent	0.0
Total liabilities	2.5	0.0
Equity:
Total equity	8,630.6	11,596.4
Total liabilities and equity	8,633.1	11,596.4
IR Lux International [Member]
Current assets:
Cash and cash equivalents	0.7	0.6	0.1	0.0
Accounts and notes receivable, net	0.2	0.0
Inventories, net	0.0	0.0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	7.9	5.7
Due from Affiliate, Current	313.1	2,036.8
Total current assets	321.9	2,043.1
Property, plant and equipment, net	0.1	0.0
Intangible assets, net	0.0	0.0
Other noncurrent assets	4.0	0.0
Investments in and Advances to Affiliates, at Fair Value	3,233.3	2,953.9
Due from Affiliate, Noncurrent	1,000.0
Total assets	4,559.3	4,997.0
Current liabilities:
Current liabilities:	0.2	0.2
Short-term borrowings and current maturities of long-term debt	0.0	0.0
Short-term borrowings and current maturities of long-term debt	843.2	9,316.7
Total current liabilities	843.4	9,316.9
Long-term debt	0.0	0.0
Other noncurrent liabilities	0.0	0.0
Due to Affiliate, Noncurrent	0.0
Total liabilities	843.4	9,316.9
Equity:
Total equity	3,715.9	(4,319.9)
Total liabilities and equity	4,559.3	4,997.0
IR Global [Member]
Current assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	0.0	0.0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	11.7	112.6
Due from Affiliate, Current	0.0	0.0
Total current assets	11.7	112.6
Property, plant and equipment, net	0.0	0.0
Intangible assets, net	0.0	0.0
Other noncurrent assets	187.2	185.4
Investments in and Advances to Affiliates, at Fair Value	11,061.9	10,480.3
Due from Affiliate, Noncurrent	0.0
Total assets	11,260.8	10,778.3
Current liabilities:
Current liabilities:	80.1	27.3
Short-term borrowings and current maturities of long-term debt	0.0	749.6
Short-term borrowings and current maturities of long-term debt	3,356.3	5,481.1
Total current liabilities	3,436.4	6,258.0
Long-term debt	2,328.8	1,539.9
Other noncurrent liabilities	66.8	92.4
Due to Affiliate, Noncurrent	2,249.7
Total liabilities	8,081.7	7,890.3
Equity:
Total equity	3,179.1	2,888.0
Total liabilities and equity	11,260.8	10,778.3
IR New Jersey [Member]
Current assets:
Cash and cash equivalents	0.0	359.3	589.0	634.6
Accounts and notes receivable, net	169.3	166.5
Inventories, net	161.5	168.5
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	109.1	76.2
Due from Affiliate, Current	2,278.2	1,849.9
Total current assets	2,718.1	2,620.4
Property, plant and equipment, net	321.5	310.6
Intangible assets, net	432.0	436.0
Other noncurrent assets	437.6	471.1
Investments in and Advances to Affiliates, at Fair Value	11,552.4	10,923.7
Due from Affiliate, Noncurrent	0.0
Total assets	15,461.6	14,761.8
Current liabilities:
Current liabilities:	538.1	572.3
Short-term borrowings and current maturities of long-term debt	350.4	350.4
Short-term borrowings and current maturities of long-term debt	2,015.3	1,790.0
Total current liabilities	2,903.8	2,712.7
Long-term debt	319.4	326.8
Other noncurrent liabilities	1,186.5	1,251.8
Due to Affiliate, Noncurrent	0.0
Total liabilities	4,409.7	4,291.3
Equity:
Total equity	11,051.9	10,470.5
Total liabilities and equity	15,461.6	14,761.8
IR Lux Finance [Member]
Current assets:
Cash and cash equivalents	0.1	0.0	0.0	0.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	0.0	0.0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0.0	0.0
Due from Affiliate, Current	0.0	0.0
Total current assets	0.1	0.0
Property, plant and equipment, net	0.0	0.0
Intangible assets, net	0.0	0.0
Other noncurrent assets	0.0	0.0
Investments in and Advances to Affiliates, at Fair Value	1,191.4	1,150.9
Due from Affiliate, Noncurrent	0.0
Total assets	1,191.5	1,150.9
Current liabilities:
Current liabilities:	6.9	6.9
Short-term borrowings and current maturities of long-term debt	249.0	0.0
Short-term borrowings and current maturities of long-term debt	299.7	523.3
Total current liabilities	555.6	530.2
Long-term debt	1,090.4	1,089.7
Other noncurrent liabilities	0.0	0.0
Due to Affiliate, Noncurrent	0.0
Total liabilities	1,646.0	1,619.9
Equity:
Total equity	(454.5)	(469.0)
Total liabilities and equity	1,191.5	1,150.9
Other Subsidiaries [Member]
Current assets:
Cash and cash equivalents	968.7	1,189.5	721.0	1,080.1
Accounts and notes receivable, net	2,777.4	2,310.9
Inventories, net	1,571.8	1,386.9
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	383.6	342.2
Due from Affiliate, Current	5,707.5	5,014.8
Total current assets	11,409.0	10,244.3
Property, plant and equipment, net	1,325.2	1,240.7
Intangible assets, net	9,274.0	9,242.6
Other noncurrent assets	610.2	550.8
Investments in and Advances to Affiliates, at Fair Value	0.0	0.0
Due from Affiliate, Noncurrent	1,249.7
Total assets	23,868.1	21,278.4
Current liabilities:
Current liabilities:	3,387.6	3,105.8
Short-term borrowings and current maturities of long-term debt	0.2	7.0
Short-term borrowings and current maturities of long-term debt	37.2	1,533.4
Total current liabilities	3,425.0	4,646.2
Long-term debt	0.3	0.6
Other noncurrent liabilities	2,184.9	2,219.9
Due to Affiliate, Noncurrent	0.0
Total liabilities	5,610.2	6,866.7
Equity:
Total equity	18,257.9	14,411.7
Total liabilities and equity	23,868.1	21,278.4
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0.0	0.0	$ 0.0	$ 0.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	0.0	0.0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	(0.5)	0.0
Due from Affiliate, Current	(8,326.6)	(20,632.8)
Total current assets	(8,327.1)	(20,632.8)
Property, plant and equipment, net	0.0	0.0
Intangible assets, net	0.0	0.0
Other noncurrent assets	(375.6)	(383.0)
Investments in and Advances to Affiliates, at Fair Value	(44,344.3)	(34,511.1)
Due from Affiliate, Noncurrent	(2,249.7)
Total assets	(55,296.7)	(55,526.9)
Current liabilities:
Current liabilities:	(0.5)	0.0
Short-term borrowings and current maturities of long-term debt	0.0	0.0
Short-term borrowings and current maturities of long-term debt	(8,326.6)	(20,632.8)
Total current liabilities	(8,327.1)	(20,632.8)
Long-term debt	0.0	0.0
Other noncurrent liabilities	(375.6)	(383.0)
Due to Affiliate, Noncurrent	(2,249.7)
Total liabilities	(10,952.4)	(21,015.8)
Equity:
Total equity	(44,344.3)	(34,511.1)
Total liabilities and equity	$ (55,296.7)	$ (55,526.9)

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Guarantor Financial Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	$ 414.5	$ 422.3
Net cash provided by (used in) discontinued operating activities	(36.8)	(16.8)
Net Cash Provided by (Used in) Operating Activities	377.7	405.5
Cash flows from investing activities:
Capital expenditures	(163.4)	(79.5)
Acquisitions and equity method investments, net of cash acquired	(281.5)	(39.9)
Proceeds from sale of property, plant and equipment		0.5
Proceeds from Equity Method Investment, Distribution	0.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	0.0	0.0
Net cash provided by (used in) continuing investing activities	(444.9)	(118.9)
Cash flows from financing activities:
Net proceeds (repayments) in debt	(266.7)	7.6
Debt issuance costs	(11.6)	(0.2)
DividendsPaid	221.8	204.8
Dividends paid to noncontrolling interests	(35.5)	(7.0)
Payments to Noncontrolling Interests	0.0	(6.8)
Repurchase of ordinary shares	(500.1)	(575.2)
Other, net	10.9	34.7
Net proceeds (repayments) from debt	0.0	0.0
Net cash provided by (used in) continuing financing activities	(491.4)	(766.9)
Effect of exchange rate changes on cash and cash equivalents	(21.3)	75.7
Net increase (decrease) in cash and cash equivalents	(579.9)	(404.6)
Cash and cash equivalents	969.5	1,310.1	$ 1,549.4	$ 1,714.7
IR Ireland [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	80.0	75.4
Net cash provided by (used in) discontinued operating activities	0.0	0.0
Net Cash Provided by (Used in) Operating Activities	80.0	75.4
Cash flows from investing activities:
Capital expenditures	0.0	0.0
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Proceeds from Equity Method Investment, Distribution	0.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	872.3	0.0
Net cash provided by (used in) continuing investing activities	872.3	0.0
Cash flows from financing activities:
Net proceeds (repayments) in debt	0.0	0.0
Debt issuance costs	0.0	0.0
DividendsPaid	221.8	204.8
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	(500.1)	(575.2)
Other, net	13.8	35.0
Net proceeds (repayments) from debt	(244.2)	669.6
Net cash provided by (used in) continuing financing activities	(952.3)	(75.4)
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	0.0	0.0
Cash and cash equivalents	0.0	0.0	0.0	0.0
IR International [Member]
Cash flows from investing activities:
Proceeds from Equity Method Investment, Distribution	0.0
IR Irish Holdings [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(2.7)	0.0
Net cash provided by (used in) discontinued operating activities	0.0	0.0
Net Cash Provided by (Used in) Operating Activities	(2.7)	0.0
Cash flows from investing activities:
Capital expenditures	0.0	0.0
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	(668.1)	0.0
Net cash provided by (used in) continuing investing activities	(668.1)	0.0
Cash flows from financing activities:
Net proceeds (repayments) in debt	0.0	0.0
Debt issuance costs	0.0	0.0
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	0.0	0.0
Other, net	0.0	0.0
Net proceeds (repayments) from debt	670.8	0.0
Net cash provided by (used in) continuing financing activities	670.8	0.0
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	0.0	0.0
Cash and cash equivalents	0.0	0.0	0.0	0.0
IR Lux International [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	17.6	(17.5)
Net cash provided by (used in) discontinued operating activities	0.0	0.0
Net Cash Provided by (Used in) Operating Activities	17.6	(17.5)
Cash flows from investing activities:
Capital expenditures	0.0	0.0
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Proceeds from Equity Method Investment, Distribution	(4.0)
Payments for (Proceeds from) Businesses and Interest in Affiliates	741.2	1,153.0
Net cash provided by (used in) continuing investing activities	737.2	1,153.0
Cash flows from financing activities:
Net proceeds (repayments) in debt	0.0	0.0
Debt issuance costs	0.0	0.0
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	0.0	0.0
Other, net	0.0	0.0
Net proceeds (repayments) from debt	(754.7)	(1,135.4)
Net cash provided by (used in) continuing financing activities	(754.7)	(1,135.4)
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	0.1	0.1
Cash and cash equivalents	0.7	0.1	0.6	0.0
IR Global [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(94.4)	(142.5)
Net cash provided by (used in) discontinued operating activities	0.0	0.0
Net Cash Provided by (Used in) Operating Activities	(94.4)	(142.5)
Cash flows from investing activities:
Capital expenditures	0.0	0.0
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Proceeds from Equity Method Investment, Distribution	0.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	0.0	142.7
Net cash provided by (used in) continuing investing activities	0.0	142.7
Cash flows from financing activities:
Net proceeds (repayments) in debt	(31.6)	0.0
Debt issuance costs	(11.6)	(0.2)
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	0.0	0.0
Other, net	0.0	0.0
Net proceeds (repayments) from debt	74.4	0.0
Net cash provided by (used in) continuing financing activities	94.4	(0.2)
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	0.0	0.0
Cash and cash equivalents	0.0	0.0	0.0	0.0
IR New Jersey [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	439.1	139.0
Net cash provided by (used in) discontinued operating activities	(38.3)	(14.5)
Net Cash Provided by (Used in) Operating Activities	400.8	124.5
Cash flows from investing activities:
Capital expenditures	(55.4)	(25.9)
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Proceeds from Equity Method Investment, Distribution	3.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	(800.5)	0.0
Net cash provided by (used in) continuing investing activities	(852.9)	(25.9)
Cash flows from financing activities:
Net proceeds (repayments) in debt	7.5	7.5
Debt issuance costs	0.0	0.0
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	0.0	0.0
Other, net	(0.4)	(1.0)
Net proceeds (repayments) from debt	100.7	(135.7)
Net cash provided by (used in) continuing financing activities	92.8	(144.2)
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	(359.3)	(45.6)
Cash and cash equivalents	0.0	589.0	359.3	634.6
IR Lux Finance [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(24.6)	(23.7)
Net cash provided by (used in) discontinued operating activities	0.0	0.0
Net Cash Provided by (Used in) Operating Activities	(24.6)	(23.7)
Cash flows from investing activities:
Capital expenditures	0.0	0.0
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Proceeds from Equity Method Investment, Distribution	0.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	0.0	11.7
Net cash provided by (used in) continuing investing activities	0.0	11.7
Cash flows from financing activities:
Net proceeds (repayments) in debt	(249.0)	0.0
Debt issuance costs	0.0	0.0
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	0.0	0.0
Other, net	0.0	0.0
Net proceeds (repayments) from debt	(224.3)	12.0
Net cash provided by (used in) continuing financing activities	24.7	12.0
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	0.1	0.0
Cash and cash equivalents	0.1	0.0	0.0	0.0
Other Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(0.5)	391.6
Net cash provided by (used in) discontinued operating activities	1.5	(2.3)
Net Cash Provided by (Used in) Operating Activities	1.0	389.3
Cash flows from investing activities:
Capital expenditures	(108.0)	(53.6)
Acquisitions and equity method investments, net of cash acquired	(281.5)	(39.9)
Proceeds from sale of property, plant and equipment		0.5
Proceeds from Equity Method Investment, Distribution	1.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	468.2	589.4
Net cash provided by (used in) continuing investing activities	79.7	496.4
Cash flows from financing activities:
Net proceeds (repayments) in debt	6.4	0.1
Debt issuance costs	0.0	0.0
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	(35.5)	(7.0)
Repurchase of ordinary shares	0.0	0.0
Other, net	(2.5)	0.7
Net proceeds (repayments) from debt	(235.8)	(1,307.3)
Net cash provided by (used in) continuing financing activities	(280.2)	(1,320.5)
Effect of exchange rate changes on cash and cash equivalents	(21.3)	75.7
Net increase (decrease) in cash and cash equivalents	(220.8)	(359.1)
Cash and cash equivalents	968.7	721.0	1,189.5	1,080.1
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	0.0	0.0
Net cash provided by (used in) discontinued operating activities	0.0	0.0
Net Cash Provided by (Used in) Operating Activities	0.0	0.0
Cash flows from investing activities:
Capital expenditures	0.0	0.0
Acquisitions and equity method investments, net of cash acquired	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0
Proceeds from Equity Method Investment, Distribution	0.0
Payments for (Proceeds from) Businesses and Interest in Affiliates	(613.1)	(1,896.8)
Net cash provided by (used in) continuing investing activities	(613.1)	(1,896.8)
Cash flows from financing activities:
Net proceeds (repayments) in debt	0.0	0.0
Debt issuance costs	0.0	0.0
DividendsPaid	0.0	0.0
Dividends paid to noncontrolling interests	0.0	0.0
Repurchase of ordinary shares	0.0	0.0
Other, net	0.0	0.0
Net proceeds (repayments) from debt	613.1	1,896.8
Net cash provided by (used in) continuing financing activities	613.1	1,896.8
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0
Net increase (decrease) in cash and cash equivalents	0.0	0.0
Cash and cash equivalents	$ 0.0	$ 0.0	$ 0.0	$ 0.0

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Restructuring Costs (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Current	$ 42.1		$ 16.0
Restructuring and Related Cost, Incurred Cost	51.5	$ 38.2
Restructuring and Related Cost, Incurred Cost excluding asset realization	47.4
Payments for Restructuring	(21.3)
cost of goods sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	39.0	32.6
selling and administrative expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	12.5	5.6
Climate
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Current	6.0		7.4
Restructuring and Related Cost, Incurred Cost	8.1	29.8
Restructuring and Related Cost, Incurred Cost excluding asset realization	8.1
Payments for Restructuring	9.5
Industrial
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Current	33.8		6.1
Restructuring and Related Cost, Incurred Cost	37.2	8.1
Restructuring and Related Cost, Incurred Cost excluding asset realization	33.1
Payments for Restructuring	5.4
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Current	2.3		$ 2.5
Restructuring and Related Cost, Incurred Cost	6.2	$ 0.3
Restructuring and Related Cost, Incurred Cost excluding asset realization	6.2
Payments for Restructuring	$ 6.4