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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,452.3 $ 1,595.5
Accounts receivable, net of allowance for credit losses of $55.3 and $53.8, respectively 1,245.2 1,234.2
Inventories 1,051.8 1,001.1
Other current assets 257.5 219.6
Total current assets 4,006.8 4,050.4
Property, plant and equipment, net of accumulated depreciation of $518.5 and $500.8, respectively 742.2 711.4
Goodwill 6,609.9 6,609.7
Other intangible assets, net 3,589.6 3,611.1
Deferred tax assets 32.7 31.5
Other assets 547.8 549.4
Total assets 15,529.0 15,563.5
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 31.3 30.6
Accounts payable 694.0 801.2
Accrued liabilities 999.3 995.5
Total current liabilities 1,724.6 1,827.3
Long-term debt, less current maturities 2,687.0 2,693.0
Pensions and other postretirement benefits 149.5 150.0
Deferred income tax liabilities 624.2 612.6
Other liabilities 424.0 433.9
Total liabilities 5,609.3 5,716.8
Commitments and contingencies (Note 18) 0.0 0.0
Stockholders’ equity    
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 429,651,459 and 428,589,061 shares issued as of March 31, 2024 and December 31, 2023, respectively 4.3 4.3
Capital in excess of par value 9,569.8 9,550.8
Retained earnings 1,891.3 1,697.2
Accumulated other comprehensive loss (302.6) (227.6)
Treasury stock at cost; 25,926,540 and 25,241,667 shares as of March 31, 2024 and December 31, 2023, respectively (1,307.5) (1,240.9)
Total Ingersoll Rand Inc. stockholders’ equity 9,855.3 9,783.8
Noncontrolling interests 64.4 62.9
Total stockholders’ equity 9,919.7 9,846.7
Total liabilities and stockholders’ equity $ 15,529.0 $ 15,563.5