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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 1,279.1 $ 1,025.4 $ 2,408.6 $ 1,642.2
Cost of sales 766.4 716.8 1,443.8 1,130.3
Gross Profit 512.7 308.6 964.8 511.9
Selling and administrative expenses 267.2 209.1 519.5 348.5
Amortization of intangible assets 80.3 96.4 164.5 143.1
Other operating expense, net 25.1 48.1 19.4 144.6
Operating Income (Loss) 140.1 (45.0) 261.4 (124.3)
Interest expense 22.7 30.8 45.8 57.9
Loss on extinguishment of debt 0.0 0.0 0.0 2.0
Other income, net (34.1) (2.3) (36.6) (2.5)
Income (Loss) from Continuing Operations Before Income Taxes 151.5 (73.5) 252.2 (181.7)
Provision for income taxes 12.5 78.4 23.1 11.5
Loss on equity method investments (0.7) 0.0 (0.7) 0.0
Income (Loss) from Continuing Operations 138.3 (151.9) 228.4 (193.2)
Income (loss) from discontinued operations, net of tax 96.3 (24.6) (83.9) (20.2)
Net Income (Loss) 234.6 (176.5) 144.5 (213.4)
Less: Net income attributable to noncontrolling interests 0.7 1.1 1.0 1.0
Net Income (Loss) Attributable to Ingersoll Rand Inc. 233.9 (177.6) 143.5 (214.4)
Amounts attributable to Ingersoll Rand Inc. common stockholders:        
Income (loss) from continuing operations, net of tax 137.6 (153.0) 227.4 (194.2)
Income (loss) from discontinued operations, net of tax 96.3 (24.6) (83.9) (20.2)
Net income (loss) attributable to Ingersoll Rand Inc. $ 233.9 $ (177.6) $ 143.5 $ (214.4)
Basic earnings (loss) per share of common stock:        
Earnings (loss) from continuing operations (in usd per share) $ 0.33 $ (0.37) $ 0.54 $ (0.56)
Earnings (loss) from discontinued operations (in usd per share) 0.23 (0.06) (0.20) (0.06)
Net earnings (loss) (in usd per share) 0.56 (0.43) 0.34 (0.62)
Diluted earnings (loss) per share of common stock:        
Earnings (loss) from continuing operations (in usd per share) 0.32 (0.37) 0.53 (0.56)
Earnings (loss) from discontinued operations (in usd per share) 0.23 (0.06) (0.20) (0.06)
Net earnings (loss) (in usd per share) $ 0.55 $ (0.43) $ 0.34 $ (0.62)