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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 1,686.5 $ 1,439.9 $ 3,315.8 $ 2,776.9
Cost of sales 989.0 870.1 1,954.1 1,681.0
Gross Profit 697.5 569.8 1,361.7 1,095.9
Selling and administrative expenses 315.6 275.6 626.7 541.1
Amortization of intangible assets 89.7 83.6 182.1 169.8
Other operating expense, net 19.8 13.2 40.2 30.6
Operating Income 272.4 197.4 512.7 354.4
Interest expense 40.8 23.2 79.7 42.2
Loss on extinguishment of debt 0.9 1.1 0.9 1.1
Other income, net (8.2) (7.4) (17.8) (12.0)
Income from Continuing Operations Before Income Taxes 238.9 180.5 449.9 323.1
Provision for income taxes 60.5 41.9 108.6 74.3
Income (loss) on equity method investments 2.4 (0.8) 2.7 (5.1)
Income from Continuing Operations 180.8 137.8 344.0 243.7
Income from discontinued operations, net of tax 0.0 1.5 0.0 0.1
Net Income 180.8 139.3 344.0 243.8
Less: Net income attributable to noncontrolling interests 1.3 0.8 3.4 1.6
Net Income Attributable to Ingersoll Rand Inc. 179.5 138.5 340.6 242.2
Amounts attributable to Ingersoll Rand Inc. common stockholders:        
Income from continuing operations, net of tax 179.5 137.0 340.6 242.1
Income from discontinued operations, net of tax 0.0 1.5 0.0 0.1
Net Income Attributable to Ingersoll Rand Inc. $ 179.5 $ 138.5 $ 340.6 $ 242.2
Basic earnings per share of common stock:        
Earnings from continuing operations (in usd per share) $ 0.44 $ 0.34 $ 0.84 $ 0.60
Earnings from discontinued operations (in usd per share) 0 0 0 0
Net earnings (in usd per share) 0.44 0.34 0.84 0.60
Diluted earnings per share of common stock:        
Earnings from continuing operations (in usd per share) 0.44 0.33 0.83 0.59
Earnings from discontinued operations (in usd per share) 0 0 0 0
Net earnings (in usd per share) $ 0.44 $ 0.34 $ 0.83 $ 0.59