CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 1,541.2	$ 1,595.5
Accounts receivable, net of allowance for credit losses of $57.3 and $53.8, respectively	1,335.4	1,234.2
Inventories	1,055.0	1,001.1
Other current assets	231.9	219.6
Total current assets	4,163.5	4,050.4
Property, plant and equipment, net of accumulated depreciation of $567.5 and $500.8, respectively	842.1	711.4
Goodwill	8,148.1	6,609.7
Other intangible assets, net	4,372.8	3,611.1
Deferred tax assets	26.1	31.5
Other assets	457.2	549.4
Total assets	18,009.8	15,563.5
Current liabilities
Short-term borrowings and current maturities of long-term debt	3.1	30.6
Accounts payable	843.6	801.2
Accrued liabilities	972.2	995.5
Total current liabilities	1,818.9	1,827.3
Long-term debt, less current maturities	4,754.4	2,693.0
Pensions and other postretirement benefits	139.3	150.0
Deferred income tax liabilities	757.6	612.6
Other liabilities	294.3	433.9
Total liabilities	7,764.5	5,716.8
Commitments and contingencies (Note 22)
Stockholders’ equity
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 430,745,964 and 428,589,061 shares issued as of December 31, 2024 and 2023, respectively	4.3	4.3
Capital in excess of par value	9,633.6	9,550.8
Retained earnings	2,503.5	1,697.2
Accumulated other comprehensive loss	(468.5)	(227.6)
Treasury stock at cost; 27,865,885 and 25,241,667 shares as of December 31, 2024 and 2023, respectively	(1,493.9)	(1,240.9)
Total Ingersoll Rand Inc. stockholders’ equity	10,179.0	9,783.8
Noncontrolling interests	66.3	62.9
Total equity	10,245.3	9,846.7
Total liabilities and equity	$ 18,009.8	$ 15,563.5