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Segment Results (Details)
$ in Millions
3 Months Ended
Mar. 31, 2020
USD ($)
Segment
Country
Mar. 31, 2019
USD ($)
Segment Results [Abstract]    
Number of reportable segments | Segment 4  
Number of countries with independent distributors | Country 80  
Segment Reporting [Abstract]    
Revenue $ 799.9 $ 620.3 [1]
Adjusted EBITDA 165.3 150.4 [1]
Less items to reconcile Segment Adjusted EBITDA to (Loss) Income Before Income Taxes [Abstract]    
Interest expense 27.1 22.4
Restructuring and related business transformation costs 42.2 4.1
Acquisition related expenses and non-cash charges [2] 55.0 1.5
Stock-based compensation 3.5 7.5
Foreign currency transaction losses, net 2.6 3.1
Loss on extinguishment of debt 2.0 0.0
Shareholder litigation settlement recoveries [3] 0.0 (6.0)
(Loss) Income Before Income Taxes (95.7) 59.1 [1]
Depreciation of rental equipment 1.2  
Restructuring and Related Business Transformation Costs [Abstract]    
Restructuring charges [4] 41.6 2.0
Facility reorganization, relocation and other costs 0.4 0.6
Other, net 0.2 1.5
Total restructuring and related business transformation costs 42.2 4.1
Stock-based compensation expense recognized 3.5 7.5
Increase in stock-based compensation expense due to costs associated with employer taxes   1.2
Decrease in stock-based compensation expense due to reduction of an accrual related to employer taxes   0.5
Industrial Technologies and Services Segment [Member]    
Segment Reporting [Abstract]    
Revenue 504.0 405.1
Precision and Science Technologies Segment [Member]    
Segment Reporting [Abstract]    
Revenue 112.9 79.3
High Pressure Solutions Segment [Member]    
Segment Reporting [Abstract]    
Revenue 96.4 135.9
Specialty Vehicle Technologies Segment [Member]    
Segment Reporting [Abstract]    
Revenue 86.6 0.0
Operating Segments [Member] | Industrial Technologies and Services Segment [Member]    
Segment Reporting [Abstract]    
Revenue 504.0 405.1 [1]
Adjusted EBITDA 94.8 85.5 [1]
Operating Segments [Member] | Precision and Science Technologies Segment [Member]    
Segment Reporting [Abstract]    
Revenue 112.9 79.3 [1]
Adjusted EBITDA 32.9 23.1 [1]
Operating Segments [Member] | High Pressure Solutions Segment [Member]    
Segment Reporting [Abstract]    
Revenue 96.4 135.9 [1]
Adjusted EBITDA 23.5 41.8 [1]
Operating Segments [Member] | Specialty Vehicle Technologies Segment [Member]    
Segment Reporting [Abstract]    
Revenue 86.6 0.0 [1]
Adjusted EBITDA 14.1 0.0 [1]
Corporate [Member]    
Less items to reconcile Segment Adjusted EBITDA to (Loss) Income Before Income Taxes [Abstract]    
Corporate expenses not allocated to segments 17.5 11.4 [1]
Segment Reconciling Items [Member]    
Less items to reconcile Segment Adjusted EBITDA to (Loss) Income Before Income Taxes [Abstract]    
Interest expense 27.1 22.4 [1]
Depreciation and amortization expenses [5] 71.1 45.5 [1]
Restructuring and related business transformation costs [6] 42.2 4.1 [1]
Acquisition related expenses and non-cash charges [7] 96.1 1.6 [1]
Establish public company financial reporting compliance [8] 0.0 0.6 [1]
Stock-based compensation [9] 3.0 8.7 [1]
Foreign currency transaction losses, net 2.6 3.1 [1]
Loss on extinguishment of debt [10] 2.0 0.0 [1]
Shareholder litigation settlement recoveries [11] 0.0 (6.0) [1]
Other adjustments [12] (0.6) (0.1) [1]
Restructuring and Related Business Transformation Costs [Abstract]    
Total restructuring and related business transformation costs [6] $ 42.2 $ 4.1 [1]
[1] For the three month period ended March 31, 2020, as a result of the acquisition of Ingersoll Rand Industrial, the Company changed its measurement methodology of Segment Adjusted EBITDA.  Segment Adjusted EBITDA and the reconciliation to (Loss) Income Before Income Taxes was revised to conform to the methodology used for the three month period ended March 31, 2020.
[2] Represents costs associated with successful and/or abandoned acquisitions, including third-party expenses and post-closure integration costs (including certain incentive and non-incentive cash compensation costs)
[3] Represents an insurance recovery of the Company’s shareholder litigation settlement in 2014.
[4] See Note 3 “Restructuring.
[5] Depreciation and amortization expense excludes $1.2 million of depreciation of rental equipment.
[6] Restructuring and related business transformation costs consist of the following.
[7] Represents costs associated with successful and/or abandoned acquisitions, including third-party expenses, post-closure integration costs (including certain incentive and non-incentive cash compensation costs) and non-cash charges and credits arising from purchase accounting adjustments.
[8] Represents third party expenses to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the new accounting standard (ASC 842 - Leases) in the first quarter of 2019, one year ahead of the required adoption dates for a private company.
[9] Represents stock-based compensation expense recognized for the three month period ended March 31, 2020 of $3.5 million decreased by $0.5 million due to the reduction of an accrual related to employer taxes.  Represents stock-based compensation expense of $7.5 million increased by $1.2 million due to costs associated with employer taxes for the three month period ended March 31, 2019.
[10] Represents losses on the extinguishment of the Company’s Original Dollar Term Loan and Original Euro Term Loan as a result of Amendment No. 5 to the Senior Secured Credit Facility.
[11] Represents an insurance recovery of the Company’s shareholder litigation settlement in 2014.
[12] Includes (i) effects of amortization of prior service costs and amortization of losses in pension and other postretirement benefits (“OPEB”) expense, (ii) certain legal and compliance costs and (iii) other miscellaneous adjustments.