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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 1,805.3 $ 1,686.5 $ 3,475.4 $ 3,315.8
Cost of sales 1,012.0 989.0 1,935.8 1,954.1
Gross Profit 793.3 697.5 1,539.6 1,361.7
Selling and administrative expenses 342.1 315.6 678.4 626.7
Amortization of intangible assets 91.2 89.7 182.8 182.1
Other operating expense, net 88.2 19.8 113.4 40.2
Operating Income 271.8 272.4 565.0 512.7
Interest expense 50.8 40.8 87.6 79.7
Loss on extinguishment of debt 3.0 0.9 3.0 0.9
Other income, net (18.1) (8.2) (31.3) (17.8)
Income Before Income Taxes 236.1 238.9 505.7 449.9
Provision for income taxes 46.1 60.5 100.5 108.6
Income (loss) on equity method investments (3.5) 2.4 (14.2) 2.7
Net Income 186.5 180.8 391.0 344.0
Less: Net income attributable to noncontrolling interests 1.5 1.3 3.8 3.4
Net Income Attributable to Ingersoll Rand Inc. $ 185.0 $ 179.5 $ 387.2 $ 340.6
Basic earnings per share (in usd per share) $ 0.46 $ 0.44 $ 0.96 $ 0.84
Diluted earnings per share (in usd per share) $ 0.45 $ 0.44 $ 0.95 $ 0.83