XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenues $ 1,325.0 $ 1,112.5 $ 3,733.6 $ 2,754.7
Cost of sales 810.7 682.5 2,254.5 1,812.8
Gross Profit 514.3 430.0 1,479.1 941.9
Selling and administrative expenses 252.6 218.6 772.1 567.1
Amortization of intangible assets 80.3 97.0 244.8 240.1
Impairment of intangible assets 0.0 19.9 0.0 19.9
Other operating expense, net 17.5 25.5 36.9 170.1
Operating Income (Loss) 163.9 69.0 425.3 (55.3)
Interest expense 22.5 28.8 68.3 86.7
Loss on extinguishment of debt 9.0 0.0 9.0 2.0
Other income, net (3.5) (2.6) (40.1) (5.1)
Income (Loss) from Continuing Operations Before Income Taxes 135.9 42.8 388.1 (138.9)
Provision for income taxes 2.7 12.8 25.8 24.3
Loss on equity method investments (2.2) 0.0 (2.9) 0.0
Income (Loss) from Continuing Operations 131.0 30.0 359.4 (163.2)
Loss from discontinued operations, net of tax (4.2) (0.1) (88.1) (20.3)
Net Income (Loss) 126.8 29.9 271.3 (183.5)
Less: Net income attributable to noncontrolling interests 0.8 0.4 1.8 1.4
Net Income (Loss) Attributable to Ingersoll Rand Inc. 126.0 29.5 269.5 (184.9)
Amounts attributable to Ingersoll Rand Inc. common stockholders:        
Income (loss) from continuing operations, net of tax 130.2 29.6 357.6 (164.6)
Loss from discontinued operations, net of tax (4.2) (0.1) (88.1) (20.3)
Net income (loss) attributable to Ingersoll Rand Inc. $ 126.0 $ 29.5 $ 269.5 $ (184.9)
Basic earnings (loss) per share of common stock:        
Earnings (loss) from continuing operations (in usd per share) $ 0.32 $ 0.07 $ 0.86 $ (0.44)
Loss from discontinued operations (in usd per share) (0.01) 0 (0.21) (0.05)
Net earnings (loss) (in usd per share) 0.31 0.07 0.65 (0.50)
Diluted earnings (loss) per share of common stock:        
Earnings (loss) from continuing operations (in usd per share) 0.31 0.07 0.84 (0.44)
Loss from discontinued operations (in usd per share) (0.01) 0 (0.21) (0.05)
Net earnings (loss) (in usd per share) $ 0.30 $ 0.07 $ 0.64 $ (0.50)