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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues $ 1,738.9 $ 1,515.7 $ 5,054.7 $ 4,292.6
Cost of sales 999.6 940.4 2,953.7 2,621.4
Gross Profit 739.3 575.3 2,101.0 1,671.2
Selling and administrative expenses 315.2 278.7 941.9 819.8
Amortization of intangible assets 92.2 93.8 274.3 263.6
Other operating expense, net 13.5 12.8 53.7 43.4
Operating Income 318.4 190.0 831.1 544.4
Interest expense 39.6 26.6 119.3 68.8
Loss on extinguishment of debt 12.6 0.0 13.5 1.1
Other income, net (7.6) (9.8) (25.4) (21.8)
Income from Continuing Operations Before Income Taxes 273.8 173.2 723.7 496.3
Provision for income taxes 60.3 30.3 168.9 104.6
Income (loss) on equity method investments (3.9) 2.6 (1.2) (2.5)
Income from Continuing Operations 209.6 145.5 553.6 389.2
Income from discontinued operations, net of tax 0.0 0.5 0.0 0.6
Net Income 209.6 146.0 553.6 389.8
Less: Net income attributable to noncontrolling interests 1.3 0.9 4.7 2.5
Net Income Attributable to Ingersoll Rand Inc. 208.3 145.1 548.9 387.3
Amounts attributable to Ingersoll Rand Inc. common stockholders:        
Income from continuing operations, net of tax 208.3 144.6 548.9 386.7
Income from discontinued operations, net of tax 0.0 0.5 0.0 0.6
Net Income Attributable to Ingersoll Rand Inc. $ 208.3 $ 145.1 $ 548.9 $ 387.3
Basic earnings per share of common stock:        
Earnings from continuing operations (in usd per share) $ 0.51 $ 0.36 $ 1.36 $ 0.95
Earnings from discontinued operations (in usd per share) 0 0 0 0
Net earnings (in usd per share) 0.51 0.36 1.36 0.96
Diluted earnings per share of common stock:        
Earnings from continuing operations (in usd per share) 0.51 0.35 1.34 0.94
Earnings from discontinued operations (in usd per share) 0 0 0 0
Net earnings (in usd per share) $ 0.51 $ 0.36 $ 1.34 $ 0.94