CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1,613.0	$ 2,109.6
Accounts receivable, net of allowance for credit losses of $47.2 and $42.3, respectively	1,122.0	948.6
Inventories	1,025.4	854.2
Other current assets	206.9	186.9
Assets of discontinued operations - current	0.0	15.6
Total current assets	3,967.3	4,114.9
Property, plant and equipment, net of accumulated depreciation of $417.4 and $357.7, respectively	624.4	648.6
Goodwill	6,064.2	5,981.6
Other intangible assets, net	3,578.6	3,912.7
Deferred tax assets	22.3	28.0
Other assets	509.1	468.7
Total assets	14,765.9	15,154.5
Current liabilities
Short-term borrowings and current maturities of long-term debt	36.5	38.8
Accounts payable	778.7	670.5
Accrued liabilities	858.8	741.3
Liabilities of discontinued operations - current	0.0	17.1
Total current liabilities	1,674.0	1,467.7
Long-term debt, less current maturities	2,716.1	3,401.8
Pensions and other postretirement benefits	147.2	195.1
Deferred income taxes	610.6	708.6
Other liabilities	360.8	310.1
Total liabilities	5,508.7	6,083.3
Commitments and contingencies (Note 21)
Stockholders’ equity
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 426,327,805 and 423,785,571 shares issued as of December 31, 2022 and 2021, respectively	4.3	4.3
Capital in excess of par value	9,476.8	9,408.6
Retained earnings	950.9	378.6
Accumulated other comprehensive loss	(251.7)	(41.6)
Treasury stock at cost; 21,210,095 and 16,000,364 shares as of December 31, 2022 and 2021, respectively	(984.5)	(748.4)
Total Ingersoll Rand Inc. stockholders’ equity	9,195.8	9,001.5
Noncontrolling interests	61.4	69.7
Total equity	9,257.2	9,071.2
Total liabilities and equity	$ 14,765.9	$ 15,154.5