CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 1,750.9	$ 505.5
Accounts receivable, net of allowance for credit losses of $67.6 and $18.4, respectively	966.6	459.1
Inventories	943.6	502.5
Other current assets	201.0	76.8
Total current assets	3,862.1	1,543.9
Property, plant and equipment, net of accumulated depreciation of $373.3 and $298.4, respectively	797.3	326.6
Goodwill	6,303.6	1,287.7
Other intangible assets, net	4,732.6	1,255.0
Deferred tax assets	16.1	3.0
Other assets	346.9	212.2
Total assets	16,058.6	4,628.4
Current liabilities
Short-term borrowings and current maturities of long-term debt	40.4	7.6
Accounts payable	671.1	322.9
Accrued liabilities	787.1	244.1
Total current liabilities	1,498.6	574.6
Long-term debt, less current maturities	3,859.1	1,603.8
Pensions and other postretirement benefits	275.0	99.7
Deferred income taxes	875.7	251.0
Other liabilities	360.7	229.4
Total liabilities	6,869.1	2,758.5
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 420,123,978 and 206,767,529 shares issued as of December 31, 2020 and 2019, respectively	4.2	2.1
Capital in excess of par value	9,310.3	2,302.0
Accumulated deficit	(175.7)	(141.4)
Accumulated other comprehensive income (loss)	14.2	(256.0)
Treasury stock at cost; 1,496,169 and 1,701,785 shares as of December 31, 2020 and 2019, respectively	(33.3)	(36.8)
Total Ingersoll Rand Inc. stockholders' equity	9,119.7	1,869.9
Noncontrolling interests	69.8	0.0
Total equity	9,189.5	1,869.9
Total liabilities and equity	$ 16,058.6	$ 4,628.4