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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 1,515.7 $ 1,325.0 $ 4,292.6 $ 3,733.6
Cost of sales 940.4 810.7 2,621.4 2,254.5
Gross Profit 575.3 514.3 1,671.2 1,479.1
Selling and administrative expenses 278.7 252.6 819.8 772.1
Amortization of intangible assets 93.8 80.3 263.6 244.8
Other operating expense, net 12.8 17.5 43.4 36.9
Operating Income 190.0 163.9 544.4 425.3
Interest expense 26.6 22.5 68.8 68.3
Loss on extinguishment of debt 0.0 9.0 1.1 9.0
Other income, net (9.8) (3.5) (21.8) (40.1)
Income from Continuing Operations Before Income Taxes 173.2 135.9 496.3 388.1
Provision for income taxes 30.3 2.7 104.6 25.8
Income (loss) on equity method investments 2.6 (2.2) (2.5) (2.9)
Income from Continuing Operations 145.5 131.0 389.2 359.4
Income (loss) from discontinued operations, net of tax 0.5 (4.2) 0.6 (88.1)
Net Income 146.0 126.8 389.8 271.3
Less: Net income attributable to noncontrolling interests 0.9 0.8 2.5 1.8
Net Income Attributable to Ingersoll Rand Inc. 145.1 126.0 387.3 269.5
Amounts attributable to Ingersoll Rand Inc. common stockholders:        
Income from continuing operations, net of tax 144.6 130.2 386.7 357.6
Income (loss) from discontinued operations, net of tax 0.5 (4.2) 0.6 (88.1)
Net Income Attributable to Ingersoll Rand Inc. $ 145.1 $ 126.0 $ 387.3 $ 269.5
Basic earnings (loss) per share of common stock:        
Earnings from continuing operations (in usd per share) $ 0.36 $ 0.32 $ 0.95 $ 0.86
Loss from discontinued operations (in usd per share) 0 (0.01) 0 (0.21)
Net earnings (in usd per share) 0.36 0.31 0.96 0.65
Diluted earnings (loss) per share of common stock:        
Earnings from continuing operations (in usd per share) 0.35 0.31 0.94 0.84
Loss from discontinued operations (in usd per share) 0 (0.01) 0 (0.21)
Net earnings (in usd per share) $ 0.36 $ 0.30 $ 0.94 $ 0.64