Trane Technologies (TT) 10-Q 6 Nov 09 2009 Q3 Quarterly report Financial data

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Millions, except Per Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Net revenues	3482.7	4313.2	9889.4	9557.3
Cost of goods sold	-2486.6	-3209.4	-7233.4	-6946.4
Selling and administrative expenses	-677.8	-756.4	-2037.2	-1654.9
Operating income	318.3	347.4	618.8	956
Interest expense	-76.5	-83.7	-225.8	-156.4
Other, net	0.5	1.8	16.3	77.3
Earnings (loss) before income taxes	242.3	265.5	409.3	876.9
Benefit (provision) for income taxes	-11.4	-26.3	-54.6	-153.2
Continuing operations	230.9	239.2	354.7	723.7
Discontinued operations, net of tax	-8.3	(6)	-26.4	-42.4
Net earnings (loss)	222.6	233.2	328.3	681.3
Less: Net earnings attributable to noncontrolling interests	(6)	-5.5	-16.4	-15.9
Net earnings (loss) attributable to Ingersoll-Rand plc	216.6	227.7	311.9	665.4
Amounts attributable to Ingersoll-Rand plc ordinary shareholders:
Continuing operations	224.9	233.7	338.3	707.8
Discontinued operations	-8.3	(6)	-26.4	-42.4
Net earnings (loss) attributable to Ingersoll-Rand plc	216.6	227.7	311.9	665.4
Basic:
Continuing operations	0.7	0.73	1.05	2.4
Discontinued operations	-0.03	-0.02	-0.08	-0.14
Net earnings (loss)	0.67	0.71	0.97	2.26
Diluted:
Continuing operations	0.68	0.72	1.04	2.38
Discontinued operations	-0.03	-0.02	-0.08	-0.14
Net earnings (loss)	0.65	0.7	0.96	2.24
Weighted-average shares outstanding
Basic	321	320.2	320.8	293.9
Diluted	331.8	324.1	326.4	297.5
Dividends per ordinary share	0.07	0.18	0.43	0.54

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	743.9	550.2
Accounts and notes receivable	2130.4	2512.1
Inventories	1303.7	1615.1
Other current assets	594.2	722.3
Total current assets	4772.2	5399.7
Property, plant and equipment, net	1909.9	1968.5
Goodwill	6676.1	6620.1
Intangible assets, net	5090.8	5214.1
Other noncurrent assets	1684.1	1722.1
Total assets	20133.1	20924.5
Current liabilities:
Accounts payable	1135.6	1046.5
Accrued compensation and benefits	482.6	508.8
Accrued expenses and other current liabilities	1489.4	1605.7
Short-term borrowings and current maturities of long-term debt	922.4	2350.4
Total current liabilities	4,030	5511.4
Long-term debt	3,210	2773.7
Postemployment and other benefit liabilities	1857.5	1865.5
Deferred and noncurrent income taxes	2116.3	2184.8
Other noncurrent liabilities	1733.4	1,827
Total liabilities	12947.2	14162.4
Ingersoll-Rand plc shareholders' equity:
Ordinary shares	319.5	318.8
Capital in excess of par value	2,351	2,246
Retained earnings	4721.5	4547.4
Accumulated other comprehensive income (loss)	-310.5	-450.8
Total Ingersoll-Rand plc shareholders' equity	7081.5	6661.4
Noncontrolling interests	104.4	100.7
Total shareholders' equity	7185.9	6762.1
Total liabilities and shareholders' equity	20133.1	20924.5

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash flows from operating activities:
Net earnings (loss)	328.3	681.3
(Income) loss from discontinued operations, net of tax	26.4	42.4
Adjustments to arrive at net cash provided by (used in) operating activities:
Depreciation and amortization	315.7	329.8
Stock settled share-based compensation	56	35.1
Changes in other assets and liabilities, net	682.8	-1127.4
Other, net	93.1	52.3
Net cash provided by (used in) continuing operating activities	1502.3	13.5
Net cash provided by (used in) discontinued operating activities	-22.1	-26.1
Cash flows from investing activities:
Capital expenditures	-156.1	-196.2
Proceeds from sale of property, plant and equipment	19	59.7
Acquisitions, net of cash acquired	0	-7105.4
Proceeds from business dispositions, net of cash	0	73.3
Other, net	-0.2	-42.5
Net cash provided by (used in) continuing investing activities	-137.3	-7211.1
Net cash provided by (used in) discontinued investing activities	0	0
Cash flows from financing activities:
Proceeds from issuance of bonds	1,000	0
Proceeds from bridge loan	196	2,950
Payments of bridge loan	(950)	(2,000)
Commercial paper program (net)	-998.7	958.2
Increase (decrease) in other short-term borrowings	-11.7	5.5
Proceeds from long-term debt	2.2	1603.1
Payments of long-term debt	-210.3	(170)
Net change in debt	-972.5	3346.8
Settlement of cross currency swap	-26.9	0
Debt issuance costs	-16.1	-23.2
Dividends paid to ordinary shareholders	-137.8	-155.5
Acquisition of noncontrolling interest	-1.5	0
Proceeds from exercise of stock options	8.3	18.2
Repurchase of ordinary shares by subsidiary	0	(2)
Other, net	(12)	6.3
Net cash provided by (used in) continuing financing activities	-1158.5	3190.6
Net cash provided by (used in) discontinued financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	9.3	39.3
Net increase (decrease) in cash and cash equivalents	193.7	-3993.8
Cash and cash equivalents - beginning of period	550.2	4735.3
Cash and cash equivalents - end of period	743.9	741.5

Note 1 - Description of Company

Note 1 - Description of Company
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 1 - Description of Company	Note 1 Description of Company Ingersoll-Rand plc (IR-Ireland), an Irish public limited company, and its consolidated subsidiaries (the Company) is a diversified, global company that provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. The Companys business segments consist of Air Conditioning Systems and Services, Climate Control Technologies, Industrial Technologies and Security Technologies, each with strong brands and leading positions within their respective markets. The Company generates revenue and cash primarily through the design, manufacture, sale and service of a diverse portfolio of industrial and commercial products that include well-recognized, premium brand names such as Club Car, Hussmann, Ingersoll-Rand, Schlage, Thermo King and Trane. On July1, 2009, Ingersoll-Rand Company Limited (IR-Limited), a Bermuda company, completed a reorganization to change the jurisdiction of incorporation of the parent company of Ingersoll Rand from Bermuda to Ireland. As a result, IR-Ireland replaced IR-Limited as the ultimate parent company effective July1, 2009. All references related to the Company prior to July1, 2009 relate to IR-Limited.

Note 2 - The Reorganization

Note 2 - The Reorganization
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 2 - The Reorganization	Note 2 The Reorganization On March 5, 2009, the Companys board of directors approved a reorganization that would change the jurisdiction of incorporation of the parent company of Ingersoll Rand from Bermuda to Ireland (the Reorganization). The first step in the Reorganization was the establishment of IR-Limiteds tax residency in Ireland, which occurred in March 2009. Subsequently, IR-Ireland replaced IR-Limited as the ultimate parent company pursuant to a scheme of arrangement under Bermuda law (the Scheme of Arrangement). Major milestones to complete the Scheme of Arrangement were as follows: On April 1, 2009, IR-Limited formed IR-Ireland as a direct subsidiary. On April 20, 2009, IR-Limited petitioned the Supreme Court of Bermuda to order the calling of a meeting of the Class A common shareholders of IR-Limited to approve the Scheme of Arrangement. On April 23, 2009, the Supreme Court of Bermuda ordered IR-Limited to seek the approval of its Class A common shareholders on the Scheme of Arrangement. On June 3, 2009, IR-Limited received the requisite approval from its Class A common shareholders. On June 11, 2009, the Supreme Court of Bermuda issued an order (the Sanction Order) approving the Scheme of Arrangement. On June 30, 2009, IR-Limited filed the Sanction Order with the Bermuda Registrar of Companies and, at 12:01 a.m. on July 1, 2009 (the Transaction Time) the following steps occurred simultaneously: All fractional shares of IR-Limited held of record were cancelled and IR-Limited paid to each holder of fractional shares that were cancelled an amount based on the average of the high and low trading prices of the IR-Limited Class A common shares on the New York Stock Exchange on June 29, 2009. All previously outstanding whole Class A common shares of IR-Limited were cancelled. IR-Limited issued to IR-Ireland 319,166,220 Class A common shares. IR-Ireland issued 319,166,220 ordinary shares to holders of whole IR-Limited Class A common shares that were cancelled as a part of the Scheme of Arrangement. All previously outstanding ordinary shares of IR-Ireland held by IR-Limited and its nominees were acquired by IR-Ireland and cancelled for no consideration. As a result of the Reorganization, IR-Limited became a wholly-owned subsidiary of IR-Ireland and the Class A common shareholders of IR-Limited became ordinary shareholders of IR-Ireland. The Reorganization did not have a material impact on our financial results. Ingersoll-Rand plc will still continue to be subject to United States Securities and Exchange Commission reporting requirements and prepare financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Shares of Ingersoll-Rand plc will continue to trade on the New York Stock Exchange under the symbol IR, the same symbol under which the Ingersoll-Rand Company Limited Class A common shares previously traded. See Note 15 for a discussion of the modifications made to the Companys equity-based plans. See Notes 10 and 22 for a discussion of certain modifications to the ind

Note 3 - Basis of Presentation

Note 3 - Basis of Presentation
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 3 - Basis of Presentation	Note 3 Basis of Presentation The accompanying condensed consolidated financial statements reflect the consolidated operations of the Company and have been prepared in accordance with GAAP as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (FASB ASC). In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments, which include normal recurring adjustments, necessary to present fairly the consolidated unaudited results for the interim periods presented. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Ingersoll-Rand Company Limited Annual Report on Form 10-K for the year ended December31, 2008. Certain reclassifications of amounts reported in prior years have been made to conform to the 2009 classification. The Company has evaluated the financial statements for subsequent events through the date of the filing of this Form 10-Q. The Company adopted the FASBs new standard for accounting for noncontrolling interests on January1, 2009. A noncontrolling interest in a subsidiary is considered an ownership interest that should now be reported as equity in the consolidated financial statements. As a result, the Company now includes noncontrolling interests as a component of Total shareholders equity in the Condensed Consolidated Balance Sheet and the earnings attributable to noncontrolling interests are now presented as an adjustment from Net earnings (loss) used to arrive at Net earnings (loss) attributable to Ingersoll-Rand plc in the Condensed Consolidated Income Statement. Prior to the adoption of this new standard, earnings associated with noncontrolling interests were reported as a component of Other, net. As discussed in Note 4, the Company acquired Trane Inc. (Trane) at the close of business on June5, 2008. The results of operations of Trane have been included in the condensed consolidated income statement and cash flows for the three and nine months ended September30, 2009 and the three months ended September30, 2008. The condensed consolidated income statement and cash flows for the nine months ended September30, 2008 includes the results of operations for Trane since June5, 2008.

Note 4 - Acquisition of Trane I

Note 4 - Acquisition of Trane Inc.
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 4 - Acquisition of Trane Inc.	Note 4 Acquisition of Trane Inc. At the close of business on June5, 2008 (the Acquisition Date), the Company completed its acquisition of 100% of the outstanding common shares of Trane. Trane, formerly American Standard Companies Inc., provides systems and services that enhance the quality and comfort of the air in homes and buildings around the world. Tranes systems and services have leading positions in premium commercial, residential, institutional and industrial markets, a reputation for reliability, high quality and product innovation and a powerful distribution network. The Company paid a combination of (i)0.23 of an IR-Limited ClassA common share and (ii)$36.50 in cash, without interest, for each outstanding share of Trane common stock. The total cost of the acquisition was approximately $9.6 billion, including change in control payments and direct costs of the transaction. The Company financed the cash portion of the acquisition with a combination of cash on hand, commercial paper and a 364-day senior unsecured bridge loan facility. The components of the purchase price were as follows: In billions Cash consideration $ 7.3 Stock consideration (Issuance of 45.4million IR-Limited ClassA common shares) 2.0 Estimated fair value of Trane stock options converted to 7.4 million IR-Limited stock options 0.2 Transaction costs 0.1 Total $ 9.6 The Company allocated the purchase price of Trane to the estimated fair value of assets acquired and liabilities assumed upon acquisition in accordance with SFAS No.141, Business Combinations (SFAS No.141). The following table summarizes the fair values of the Trane assets acquired and liabilities assumed at the Acquisition Date. In millions June5, 2008 Current assets: Cash and cash equivalents $ 317.5 Accounts and notes receivable 1,194.2 Inventories 970.5 Other current assets 462.0 Total current assets 2,944.2 Property, plant and equipment 1,035.4 Goodwill 5,566.9 Intangible assets 5,576.0 Other noncurrent assets 725.7 Total assets $ 15,848.2 Current liabilities: Accounts payable $ 562.9 Accrued compensation and benefits 225.7 Accrued expenses and other current liabilities 1,087.3 Short-term borrowings and current maturities of long-term debt 254.3 Total current liabilities 2,130.2 Long-term debt 476.3 Postemployment and other benefit liabilities 313.7 Deferred income taxes 2,297.3 Other noncurrent liabilities 1,012.7 Minority interests 7.7 Total liabilities and minority interests $ 6,237.9 Net assets acquired $ 9,610.3 The following unaudited pro forma information for the nine months ended September30, 2008 assumes the acquisition of Trane occurred as of the beginning of the period presented: In millions Net revenues $ 12,688.8 Earnings from continuing operations attributable to Ingersoll-Rand plc common shareholders $ 683.2 The u

Note 5 - Restructuring Activiti

Note 5 - Restructuring Activities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 5 - Restructuring Activities	Note 5 Restructuring Activities Restructuring charges recorded during the three and nine months ended September30, 2009 and 2008 were as follows: Threemonthsended September30, Ninemonthsended September30, In millions 2009 2008 2009 2008 Air Conditioning Systems and Services $ 2.7 $ $ 14.3 $ 2.0 Climate Control Technologies 0.6 1.0 6.2 1.1 Industrial Technologies 3.5 (0.1 ) 21.4 4.3 Security Technologies 2.0 0.5 8.2 2.3 Corporate and Other 0.9 8.5 11.6 10.5 Total $ 9.7 $ 9.9 $ 61.7 $ 20.2 Cost of goods sold $ 5.2 $ 1.5 $ 23.1 $ 5.7 Selling and administrative 4.5 8.4 38.6 14.5 Total $ 9.7 $ 9.9 $ 61.7 $ 20.2 The changes in the restructuring reserve were as follows: In millions December31, 2008 Additions Reversals Cashand non-cash uses Currency Translation September30, 2009 Air Conditioning Systems and Services $ 17.1 $ 14.3 $ $ (22.9 ) $ 1.1 $ 9.6 Climate Control Technologies 32.5 8.2 (2.0 ) (32.2 ) (3.3 ) 3.2 Industrial Technologies 2.7 21.4 (20.5 ) 3.6 Security Technologies 11.1 10.0 (1.8 ) (12.8 ) 6.5 Corporate and Other 1.1 11.6 (5.3 ) 7.4 Total $ 64.5 $ 65.5 $ (3.8 ) $ (93.7 ) $ (2.2 ) $ 30.3 In October 2008, the Company announced an enterprise-wide restructuring program necessitated by the severe economic downturn. This program included streamlining the footprint of manufacturing facilities and reducing the general and administrative cost base across all sectors of the company. Projected costs totaled $110 million when we announced the program in October 2008. During the nine months ended September30, 2009, the Company expanded the scope of the restructuring program, with total projected costs now expected to be approximately $277 million. Since the beginning of the fourth quarter of 2008, the Company has incurred $132.4 million associated with the restructuring program. As of September30, 2009, the Company had $30.3 million accrued for workforce reductions and the consolidation of manufacturing facilities, of which a majority will be paid throughout the remainder of 2009. During the nine months ended September30, 2008, the Company incurred costs of $20.2 million associated with ongoing restructuring actions. These actions included workforce reductions as well as the consolidation of manufacturing facilities in an effort to increase efficiencies across multiple lines of business.

Note 6 - Inventories

Note 6 - Inventories
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 6 - Inventories	Note 6 Inventories Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. The major classes of inventory are as follows: In millions September30, 2009 December31, 2008 Raw materials $ 390.0 $ 446.9 Work-in-process 245.2 301.7 Finished goods 763.0 980.0 Sub-total 1,398.2 1,728.6 LIFO reserve (94.5 ) (113.5 ) Total $ 1,303.7 $ 1,615.1

Note 7 - Goodwill

Note 7 - Goodwill
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 7 - Goodwill	Note 7 Goodwill The changes in the carrying amount of goodwill are as follows: In millions Air Conditioning Systems and Services Climate Control Technologies Industrial Technologies Security Technologies Total December31, 2008 $ 3,033.9 $ 2,577.0 $ 369.8 $ 639.4 $ 6,620.1 Acquisitions and adjustments 37.1 37.1 Translation (41.7 ) 27.5 3.7 29.4 18.9 September30, 2009 $ 3,029.3 $ 2,604.5 $ 373.5 $ 668.8 $ 6,676.1

Note 8 - Intangible Assets

Note 8 - Intangible Assets
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 8 - Intangible Assets	Note 8 Intangible Assets The following table sets forth the gross amount and accumulated amortization of the Companys intangible assets: In millions September30, 2009 December31, 2008 Customer relationships $ 2,357.1 $ 2,368.2 Completed technologies/patents 204.1 203.1 Other 190.9 189.6 Trademarks (finite-lived) 112.9 109.3 Total gross finite-lived intangible assets 2,865.0 2,870.2 Accumulated amortization (498.1 ) (378.5 ) Total net finite-lived intangible assets 2,366.9 2,491.7 Trademarks (indefinite-lived) 2,723.9 2,722.4 Total $ 5,090.8 $ 5,214.1 Intangible asset amortization expense was $40.1 million and $128.9 million for the three months ended September30, 2009 and 2008, respectively. For the nine months ended September30, 2009 and 2008, intangible asset amortization was $117.1 million and $178.0 million, respectively.

Note 9 - Accounts Receivable Pu

Note 9 - Accounts Receivable Purchase Agreements
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 9 - Accounts Receivable Purchase Agreements	Note 9 Accounts Receivable Purchase Agreements In connection with the acquisition of Trane, the Company acquired Tranes accounts receivable purchase agreement (the Trane Facility) in the U.S. As part of the Trane Facility, Trane formed a special-purpose entity (SPE) for the sole purpose of buying and selling receivables generated by Trane. Under the Trane Facility, Trane, irrevocably and without recourse, transferred all eligible accounts receivable to the SPE, which, in turn, sold undivided ownership interests in them to a conduit administered by the participating bank. The assets of the SPE were not available to pay the claims of Trane or any of its subsidiaries. The undivided interests in receivables sold to the conduit as a part of the Trane Facility were removed from the balance sheet since they met the applicable criteria under GAAP. Tranes interests in the receivables retained by the Company were recorded at its allocated carrying amount, less an appropriate reserve for doubtful accounts, in the balance sheet as of December31, 2008. To the extent that the consideration received was less than the allocated carrying value of the receivables sold, losses were recognized at the time of sale. On March31, 2009, the Company entered into new accounts receivable purchase agreements (the Expanded IR Facility), to expand the existing accounts receivable purchase agreement. The Expanded IR Facility supersedes the Trane Facility. As of September30, 2009, there are no interests in the receivables retained by the Company related to the Trane Facility. Under the Expanded IR Facility, the Company continuously sells, through certain consolidated special purpose vehicles, designated pools of eligible trade receivables to an affiliated master special purpose vehicle (MSPV) which, in turn, sells undivided ownership interests to three conduits administered by unaffiliated financial institutions. The maximum purchase limit of the three conduits is $325.0 million. The Company pays commitment fees on the aggregate amount of the liquidity commitments of the financial institutions under the facility (which is 102% of the maximum purchase limit) and an additional program fee on the aggregate amounts purchased under the facility by the conduits to the extent funded through the issuance of commercial paper or other securities. The MSPV is not designed to be a qualifying SPE since the MSPV transfers assets representing undivided ownership interests in the accounts receivables it holds to the conduits. The Company has concluded that the MSPV is a variable interest entity (VIE) whereby the Company is deemed the primary beneficiary and subsequently consolidates the MSPV. Accordingly, accounts receivable balances are not removed from the balance sheet until the undivided ownership interests are sold to the conduits. The remaining trade receivables transferred into the MSPV but not sold to the conduits remain in Accounts and notes receivable, net. The interests in the receivables retained by the Company are exposed to the first risk of loss for any uncollectible amounts in the receivables sold under the facility. The Company provides no other forms of con

Note 10 - Debt and Credit Facil

Note 10 - Debt and Credit Facilities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 10 - Debt and Credit Facilities	Note 10 Debt and Credit Facilities Short-term borrowings and current maturities of long-term debt consisted of the following: In millions September30, 2009 December31, 2008 Commercial paper program $ $ 998.7 Senior unsecured bridge loan facility 754.0 Debentures with put feature 343.7 345.7 Current maturities of long-term debt 522.9 200.4 Other short-term borrowings 55.8 51.6 Total $ 922.4 $ 2,350.4 Commercial Paper Program The Company uses borrowings under its commercial paper program for general corporate purposes. As of September30, 2009, the Company had no outstanding commercial paper borrowings after paying down $998.7 million during the nine months then ended. The Company funded these payments primarily using cash generated from operations. Senior Unsecured Bridge Loan Facility In connection with the Trane acquisition, the Company entered into a $3.9 billion senior unsecured bridge loan facility, with a 364-day term. The Company drew down $2.95 billion against the bridge loan facility in June 2008. The proceeds, along with cash on hand and the issuance of $1.5 billion in commercial paper, were used to fund the cash component of the consideration paid for the acquisition as well as to pay for related fees and expenses incurred in connection with the acquisition. At December31, 2008, the outstanding balance of the senior unsecured bridge loan facility was $754.0 million, which would have expired in June 2009per the original term. In the first quarter of 2009, the Company borrowed an additional $196.0 million under the facility increasing the outstanding balance to $950.0 million as of March31, 2009. In April 2009, we repaid the outstanding balance with our long-term debt issuance described below and terminated the facility. Debentures with Put Feature The Company has fixed rate debentures which contain a put feature that allows the holders to exercise on each anniversary of the issuance date. If exercised, the Company is obligated to repay in whole or in part, at the holders option, the outstanding principal amount (plus accrued and unpaid interest) of the debentures held by the holder. If these options are not fully exercised, the final maturity dates would range between 2027 and 2028. In February 2009, holders of these debentures had the option to exercise the put feature on $39.2 million of the outstanding debentures, of which approximately $2.0 million were exercised and repaid in February. In the fourth quarter of 2009, holders of these debentures will have the option to exercise the put feature on approximately $306.5 million of the remaining debentures. Long-term debt excluding current maturities consisted of the following: In millions September30, 2009 December31, 2008 Senior floating rate notes due 2010 $ $ 250.0 7.625% Senior notes due 2010 261.2 4.50% Exchangeable senior notes due 2012 311.7 6.000% Senior notes due 2013 599.8 599.8 9.50% Senior notes due 2014 655.0 5.50% Senior notes due 2015

Note 11 - Financial Instruments

Note 11 - Financial Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 11 - Financial Instruments	Note 11 Financial Instruments In the normal course of business, the Company uses various financial instruments, including derivative instruments, to manage the risks associated with interest rate, currency rate, commodity price and share-based compensation exposures. These financial instruments are not used for trading or speculative purposes. On the date a derivative contract is entered into, the Company designates the derivative instrument either as a cash flow hedge of a forecasted transaction, a cash flow hedge of a recognized asset or liability, or as an undesignated derivative. The Company formally documents its hedge relationships, including identification of the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking derivative instruments that are designated as hedges to specific assets, liabilities or forecasted transactions. The Company also assesses both at the inception and at least quarterly thereafter, whether the derivatives used in hedging transactions are highly effective in offsetting the changes in the cash flows of the hedged item. Any ineffective portion of a derivative instruments change in fair value is recorded in the income statement in the period of change. If the hedging relationship ceases to be highly effective, or it becomes probable that a forecasted transaction is no longer expected to occur, the hedging relationship will be undesignated and any future gains and losses on the derivative instrument would be recorded in the income statement. The fair market value of derivative instruments are determined through market-based valuations and may not be representative of the actual gains or losses that will be recorded when these instruments mature due to future fluctuations in the markets in which they are traded. Currency and Commodity Derivative Instruments The notional amounts of the Companys currency derivatives, excluding the cross currency swap described below, were $821.4 million and $920.4 million at September30, 2009 and December31, 2008, respectively. At September30, 2009 and December31, 2008, a deferred loss of $1.5 million and a deferred gain of $7.6 million, net of tax, respectively, were included in Accumulated other comprehensive income (AOCI) related to the fair value of the Companys currency derivatives designated as accounting hedges. The amount expected to be reclassified into earnings over the next twelve months is $1.5 million. The actual amounts that will be reclassified into earnings may vary from this amount as a result of changes in market conditions. Gains and losses associated with the Companys currency derivatives not designated as hedges are recorded in earnings as changes in fair value occur. At September30, 2009, the maximum term of the Companys currency derivatives was 12 months. As a result of the acquisition of Trane in June 2008, the Company assumed a cross currency swap that fixed, in U.S. dollars, the currency cash flows on the 60.0million 8.25% senior notes. These senior notes matured on June1, 2009 along with the cross currency swap. The cross c

Note 12 - Employee Benefit Plan

Note 12 - Employee Benefit Plans
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 12 - Employee Benefit Plans	Note 12 Employee Benefit Plans Pension Plans The Company has noncontributory pension plans covering substantially all non-Trane U.S. employees and maintains a pension plan for non-collectively bargained U.S. employees of Trane, whereby eligible employees may elect to participate and receive a credit equal to 3% of eligible pay. In addition, the Company maintains a U.S. collectively bargained pension plan for Trane employees. Certain non-U.S. employees in other countries, including Trane employees, are covered by pension plans. The Companys pension plans for U.S. non-collectively bargained employees provided benefits on a final average pay formula. U.S. non-collectively bargained and some collectively bargained employees may elect to participate in a Cash Balance Pension Plan. The Companys U.S. collectively bargained pension plans, including those covering employees of Trane, principally provide benefits based on a flat benefit formula. Non-U.S. plans provide benefits based on earnings and years of service. The Company maintains additional other supplemental benefit plans for officers and other key employees. The components of the Companys pension related costs for the three and nine months ended September30 are as follows: Threemonthsended September30, Ninemonthsended September30, In millions 2009 2008 2009 2008 Service cost $ 13.9 $ 18.1 $ 48.9 $ 42.8 Interest cost 49.6 52.4 147.3 133.7 Expected return on plan assets (45.1 ) (64.9 ) (133.4 ) (167.8 ) Net amortization of: Prior service costs 2.2 2.4 6.4 6.6 Transition amount 0.1 0.2 0.3 0.6 Plan net actuarial losses 15.7 3.5 44.5 8.3 Net periodic pension benefit cost 36.4 11.7 114.0 24.2 Net curtailment and settlement (gains) losses (1.1 ) 1.2 (0.3 ) 2.5 Net periodic pension benefit cost after net curtailment and settlement (gains) losses $ 35.3 $ 12.9 $ 113.7 $ 26.7 Amounts recorded in continuing operations $ 32.5 $ 16.5 $ 105.3 $ 37.6 Amounts recorded in discontinued operations 2.8 (3.6 ) 8.4 (10.9 ) Total $ 35.3 $ 12.9 $ 113.7 $ 26.7 The Company made employer contributions of $88.8 million and $18.6 million to its pension plans during the nine months ended September30, 2009 and 2008, respectively. The curtailment and settlement gain in 2009 and loss in 2008 are associated with lump sum distributions under supplemental benefit plans for officers and other key employees, in addition to a plant closure in 2009. Postretirement Benefits Other Than Pensions The Company sponsors several postretirement plans that cover certain eligible employees, including certain Trane employees since the acquisition date. These plans provide for health-care benefits, and in some i

Note 13 - Fair Value Measuremen

Note 13 - Fair Value Measurement
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 13 - Fair Value Measurement	Note 13 Fair Value Measurement FASB ASC 820, Fair Value Measurements and Disclosures (ASC 820) establishes a framework for measuring fair value that is based on the inputs market participants use to determine the fair value of an asset or liability and establishes a fair value hierarchy to prioritize those inputs. The Company adopted this provision of ASC 820 on January1, 2008. The fair value hierarchy outlined in ASC 820 is comprised of three levels that are described below: Level 1 Inputs based on quoted prices in active markets for identical assets or liabilities. Level 2 Inputs other than Level 1 quoted prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 Unobservable inputs based on little or no market activity and that are significant to the fair value of the assets and liabilities. In accordance with ASC 820, the Company delayed its implementation of these provisions on the fair value of goodwill, indefinite-lived intangible assets and nonfinancial long-lived assets until January1, 2009. In addition, the Company has not elected to utilize the fair value option on any of its financial assets or liabilities in accordance with FASB ASC 825, Financial Instruments (ASC 825). Assets and liabilities measured at fair value on a recurring basis at September30, 2009 are as follows: Fair value measurements Total fairvalue In millions Level 1 Level 2 Level3 Assets: Cash and cash equivalents $ 743.9 $ $ $ 743.9 Marketable securities 10.4 10.4 Derivative instruments 12.9 12.9 Benefit trust assets 18.0 144.9 162.9 Total $ 772.3 $ 157.8 $ $ 930.1 Liabilities: Derivative instruments $ $ 13.7 $ $ 13.7 Benefit liabilities 18.4 165.2 183.6 Total $ 18.4 $ 178.9 $ $ 197.3 The methodologies used by the Company to determine the fair value of its financial assets and liabilities at September30, 2009 are the same as those used as of December31, 2008.

Note 14 - Shareholders' Equity

Note 14 - Shareholders' Equity
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 14 - Shareholders' Equity	Note 14 Shareholders Equity The reconciliation of ordinary shares is as follows: In millions December31, 2008 318.8 Shares issued under incentive plans 0.7 September30, 2009 319.5 On June3, 2009, IR-Limited cancelled 52.0million treasury shares in anticipation of the Reorganization that became effective on July1, 2009. The components of shareholders equity for the nine months ended September30, 2009 are as follows: In millions IR-Ireland Shareholders Equity Noncontrolling interests Total Shareholders Equity Balance at December31, 2008 $ 6,661.4 $ 100.7 $ 6,762.1 Net earnings (loss) 311.9 16.4 328.3 Currency translation 111.5 0.7 112.2 Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax (2.8 ) (2.8 ) Pension and OPEB adjustments, net of tax 31.6 31.6 Total comprehensive income 452.2 17.1 469.3 Shares issued under incentive stock plan 8.3 8.3 Share-based compensation 55.9 55.9 Issuance of exchangeable notes 38.7 * 38.7 Acquisition of noncontrolling interests (0.1 ) (1.4 ) (1.5 ) Dividends to noncontrolling interests (12.0 ) (12.0 ) Dividends to common shareholders (137.8 ) (137.8 ) Other 2.9 2.9 Balance at September30, 2009 $ 7,081.5 $ 104.4 $ 7,185.9 * Represents the portion of net proceeds received from the issuance of Senior Exchangeable Notes that is allocated to equity, as described in Note 10. The components of shareholders equity for the nine months ended September30, 2008 are as follows: In millions IR-Ireland Shareholders Equity Noncontrolling interests Total Shareholders Equity Balance at December31, 2007 $ 7,907.9 $ 97.5 $ 8,005.4 Net earnings (loss) 665.4 15.9 681.3 Currency translation (18.2 ) (5.5 ) (23.7 ) Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax (13.6 ) (13.6 ) Pension and OPEB adjustments, net of tax 27.1 27.1 Total comprehensive income 660.7 10.4 671.1 Shares issued under incentive stock plan 36.9 36.9 Share-based compensation 35.7 35.7 Purchase of treasury shares (2.0 ) (2.0 ) Treasury shares issued 2,035.1 2,035.1 Conversion of Trane options 184.0 184.0 Tranes noncontrolling interests 7.7 7.7 Dividends to noncontrolling interests (12.2 ) (12.2 ) Dividends to common shareholders (155.5 ) (155.5 ) Balance at September30, 2008 $ 10,702.8 $ 103.4 $ 10,806.2

Note 15 - Share-Based Compensat

Note 15 - Share-Based Compensation
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 15 - Share-Based Compensation	Note 15 Share-Based Compensation The Company records share-based compensation awards using a fair value method and recognizes compensation expense for an amount equal to the fair value of the share-based payment issued in its consolidated financial statements. On June3, 2009, the shareholders of the Company approved the amendment and restatement of the Incentive Stock Plan of 2007, which authorizes the Company to issue stock options and other share-based incentives. As a result, the total number of shares authorized by the shareholders was increased to 27.0million, of which 14.8million remains available as of September30, 2009 for future incentive awards. Modifications Relating to the Reorganization In connection with the Reorganization discussed in Note 2, on July1, 2009, IR-Ireland assumed the existing obligations of IR-Limited under the equity incentive plans and other similar employee award plans of Ingersoll Rand (collectively, the Plans), including all awards issued thereunder. Furthermore, the Plans were amended by IR-Limited to provide (1)that ordinary shares of IR-Ireland will be issued, held available or used to measure benefits as appropriate under the Plans, in lieu of the ClassA common shares of IR-Limited, including upon exercise of any options or share appreciation rights or upon the vesting of restricted stock units or performance units issued under those Plans; and (2)for the appropriate substitution of IR-Ireland for IR-Limited in those Plans. Stock Options/Restricted Stock Units On February12, 2009, the Compensation Committee of the Companys Board of Directors approved a change to the Companys equity grant approach whereby options would no longer be used as the predominant equity vehicle for eligible participants; instead a mix of options and restricted stock units (RSUs) will be utilized. The RSUs will vest ratably over three years and any accrued dividends will be paid in cash at the time of vesting. As a result of this change, eligible participants may receive (i)stock options, (ii)RSUs or (iii)a combination of both stock options and RSUs under the Companys Incentive Stock Plan of 2007. The average fair value of the stock options granted for the nine months ended September30, 2009 and 2008 was estimated to be $5.65 per share and $11.59 per share, respectively, using the Black-Scholes option-pricing model. The following assumptions were used: 2009 2008 Dividend yield 1.97 % 1.58 % Volatility 43.18 % 31.49 % Risk-free rate of return 1.76 % 2.95 % Expected life 5.1years 5.4years The fair value of each of the Companys stock option awards is expensed on a straight-line basis over the required service period, which is generally the three-year vesting period of the options. However, for options granted to retirement eligible employees, the Company recognizes expense for the fair value of the options at the grant date. Expected volatility is based on the historical volatility from traded options on the Companys stock. The risk-free rate of return is based on the yield curve of a zero-coupon U.S. Treasury bond on the date the award is granted

Note 16 - Other, Net

Note 16 - Other, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 16 - Other, Net	Note 16 Other, Net The components of Other, net for the three and nine months ended September30 are as follows: Threemonthsended September30, Ninemonthsended September30, In millions 2009 2008 2009 2008 Interest income $ 3.4 $ 9.9 $ 10.9 $ 86.9 Exchange gain (loss), net (6.5 ) (11.0 ) (7.8 ) (15.5 ) Earnings from equity investments 3.1 1.4 6.6 2.6 Other 0.5 1.5 6.6 3.3 Other, net $ 0.5 $ 1.8 $ 16.3 $ 77.3

Note 17 - Income Taxes

Note 17 - Income Taxes
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 17 - Income Taxes	Note 17 Income Taxes The provision for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. A significant period of time may elapse between the filing of an income tax return and the ultimate resolution of an issue raised by a revenue authority with respect to that return. In the normal course of business the Company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Brazil, Canada, Germany, Ireland, Italy, the Netherlands and the United States. In general, the examination of the Companys material tax returns is completed for the years prior to 2000, with certain matters being resolved through appeals and litigation. The Internal Revenue Service (IRS) has completed the examination of the Companys federal income tax returns through the 2000 tax year and has issued a notice proposing adjustments. The principal proposed adjustment relates to the disallowance of certain capital losses. The Company disputes the IRS position and protests have been filed with the IRS Appeals Division. In order to reduce the potential interest expense associated with this matter, the Company made a payment of $217 million in the third quarter of 2007, which reduced the Companys total liability for uncertain tax positions by $141 million. Similarly, during the third quarter of 2008, the Company made an additional payment of $55.1 million related to a potential penalty assessment plus accrued interest on this matter. The Company continues negotiating with the IRS on the ultimate settlement of this matter. The issues raised by the IRS associated with this payment are not related to the Companys reorganization in Bermuda, or the Companys intercompany debt structure. On July20, 2007, the Company and its consolidated subsidiaries received a notice from the IRS containing proposed adjustments to the Companys tax filings in connection with an audit of the 2001 and 2002 tax years. The IRS did not contest the validity of the Companys reincorporation in Bermuda. The most significant adjustments proposed by the IRS involve treating the entire intercompany debt incurred in connection with the Companys reincorporation in Bermuda as equity. As a result of this recharacterization, the IRS has disallowed the deduction of interest paid on the debt and imposed dividend withholding taxes on the payments denominated as interest. These adjustments proposed by the IRS, if upheld in their entirety, would result in additional taxes with respect to 2002 of approximately $190 million plus interest, and would require the Company to record additional charges associated with this matter. At

Note 18 - Divestitures and Disc

Note 18 - Divestitures and Discontinued Operations
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 18 - Divestitures and Discontinued Operations	Note 18 Divestitures and Discontinued Operations The components of discontinued operations for the three and nine months ended September30 are as follows: Threemonthsended September30, Ninemonthsended September30, In millions 2009 2008 2009 2008 Revenues $ $ 0.1 $ $ 15.3 Pre-tax earnings (loss) from operations (16.4 ) (11.0 ) (53.3 ) (34.0 ) Pre-tax gain (loss) on sale (0.3 ) 0.1 1.9 (5.5 ) Tax benefit (expense) 8.4 4.9 25.0 (2.9 ) Discontinued operations, net of tax $ (8.3 ) $ (6.0 ) $ (26.4 ) $ (42.4 ) During the third quarter of 2009, the Company recorded a benefit of $22 million primarily associated with reducing its liability for unrecognized tax benefits, and a discrete tax charge of $29 million associated with correcting immaterial accounting errors. See Note 17 for a further description of these tax matters. Discontinued operations by business for the three and nine months ended September30 are as follows: Threemonthsended September30, Ninemonthsended September30, In millions 2009 2008 2009 2008 Compact Equipment, net of tax $ (29.5 ) $ $ (30.2 ) $ (22.9 ) Road Development, net of tax (1.5 ) 3.0 (1.8 ) Other discontinued operations, net of tax 22.7 (6.0 ) 0.8 (17.7 ) Total discontinued operations, net of tax $ (8.3 ) $ (6.0 ) $ (26.4 ) $ (42.4 ) Compact Equipment Divestiture On July29, 2007, the Company agreed to sell its Bobcat, Utility Equipment and Attachments businesses (collectively, Compact Equipment) to Doosan Infracore for gross proceeds of approximately $4.9 billion, subject to post-closing purchase price adjustments. The sale was completed on November30, 2007. We are currently in the process of resolving the final purchase price adjustments with Doosan Infracore. Compact Equipment manufactured and sold compact equipment, including skid-steer loaders, compact track loaders, mini-excavators and telescopic tool handlers; portable air compressors, generators and light towers; general-purpose light construction equipment; and attachments. The Company accounted for Compact Equipment as discontinued operations within the income statement. Road Development Divestiture On February27, 2007, the Company agreed to sell its Road Development business unit to AB Volvo (publ) for cash proceeds of approximately $1.3 billion. The sale was completed on April30, 2007. The Road Development business unit manufactured and sold asphalt paving equipment, compaction equipment, milling machines and construction-related material handling equipment. The Company accounted for the Road Development business unit as discontinued operations within the income statement. Other Discontinued Operations The Company also has retained costs from previously sold busine

Note 19 - Earnings Per Share

Note 19 - Earnings Per Share (EPS)
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 19 - Earnings Per Share (EPS)	Note 19 Earnings Per Share (EPS) Basic EPS is calculated by dividing Net earnings (loss) attributable to Ingersoll-Rand plc by the weighted-average number of common shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive common shares, which in the Companys case, includes shares issuable under share-based compensation plans and the effects of the Exchangeable Senior Notes issued in April 2009. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: Threemonthsended September30, Ninemonthsended September30, In millions 2009 2008 2009 2008 Weighted-average number of basic shares 321.0 320.2 320.8 293.9 Shares issuable under incentive stock plans 3.9 3.9 2.3 3.6 Exchangeable Senior Notes 6.9 3.3 Weighted-average number of diluted shares 331.8 324.1 326.4 297.5 Anti-dilutive shares 17.0 13.6 19.4 5.4

Note 20 - Business Segment Info

Note 20 - Business Segment Information
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 20 - Business Segment Information	Note 20 Business Segment Information The Company classifies its business into four reportable segments based on industry and market focus: Air Conditioning Systems and Services, Climate Control Technologies, Industrial Technologies and Security Technologies. A summary of operations by reportable segment as of September30 is as follows: Three months ended September30, Nine months ended September30, In millions 2009 2008 2009 2008 Net revenues Air Conditioning Systems and Services $ 1,770.8 $ 2,051.1 $ 4,946.8 $ 2,749.0 Climate Control Technologies 649.5 895.0 1,778.3 2,605.3 Industrial Technologies 512.1 718.3 1,589.4 2,267.8 Security Technologies 550.3 648.8 1,574.9 1,935.2 Total $ 3,482.7 $ 4,313.2 $ 9,889.4 $ 9,557.3 Operating income Air Conditioning Systems and Services $ 151.7 $ 89.5 $ 242.5 $ 155.6 Climate Control Technologies 60.5 103.0 112.9 297.9 Industrial Technologies 43.0 81.4 98.4 283.4 Security Technologies 117.3 126.0 298.5 353.3 Unallocated corporate expense (54.2 ) (52.5 ) (133.5 ) (134.2 ) Total $ 318.3 $ 347.4 $ 618.8 $ 956.0 In the fourth quarter of 2009, the Company will be realigning its external reporting structure. The Companys segments will be as follows: Climate Solutions, Industrial Technologies, Residential Solutions and Security Technologies. As part of the change, the Company will eliminate the Air Conditioning Systems and Services segment which represents the acquired Trane business and will create two new reportable segments, the Climate Solutions segment and the Residential Solutions segment. The Climate Solutions segment will include Trane Commercial Systems as well as the Climate Control Technologies segment, which includes the Hussmann and Thermo King businesses. The combination of these businesses will provide industry leading heating, ventilation, air-conditioning (HVAC) and refrigeration solutions to commercial customers. The Residential Solutions segment will include the Companys residential HVAC and residential security businesses, combined to provide ideal home environments that address the critical areas of safety, comfort and efficiency. The Security Technologies segment will include its commercial security businesses and the Industrial Technologies segment will remain unchanged with its Air and Productivity Solutions businesses and Club Car. The segment realignment will also create a more efficient and integrated operational footprint within each segment to better utilize internal resources and achieve cost synergies. The summary of operations provided above does not reflect these changes as they will not be effective for financial reporting purposes until the fourth quarter of 2009.

Note 21 - Commitments and Conti

Note 21 - Commitments and Contingencies
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 21 - Commitments and Contingencies	Note 21 Commitments and Contingencies The Company is involved in various litigations, claims and administrative proceedings, including those related to environmental and product liability matters. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, management believes that the liability which may result from these legal matters would not have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company. Environmental Matters The Company continues to be dedicated to an environmental program to reduce the utilization and generation of hazardous materials during the manufacturing process and to remediate identified environmental concerns. As to the latter, the Company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former manufacturing facilities. The Company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state authorities. It has also been identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites. For all such sites, there are other PRPs and, in most instances, the Companys involvement is minimal. In estimating its liability, the Company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable. The ability of other PRPs to participate has been taken into account, based generally on the parties financial condition and probable contributions on a per site basis. Additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future. During the three and nine months ended September30, 2009, the Company spent $2.9 million and $7.6 million, respectively, for environmental remediation expenditures at sites presently or formerly owned or leased by us. As of September30, 2009 and December31, 2008, the Company has recorded reserves for environmental matters of $94.6 million and $100.9 million, respectively. The Company believes that these expenditures will continue and may increase over time. Given the evolving nature of environmental laws, regulations and technology, the ultimate cost of future compliance is uncertain. Asbestos Matters Certain wholly owned subsidiaries of the Company are named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims has been filed against either Ingersoll-Rand Company (IR-New Jersey) or Trane and generally allege injury caused by exposure to asbestos contained in certain historical products sold by IR-New Jersey or Tr

Note 22 - Guarantor Financial I

Note 22 - Guarantor Financial Information
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 22 - Guarantor Financial Information	Note 22 Guarantor Financial Information Ingersoll-Rand plc, an Irish public limited company (IR-Ireland), is the successor to Ingersoll-Rand Company Limited, a Bermuda company (IR-Limited), following a corporate reorganization that became effective on July 1, 2009 (the 2009 Reorganization). IR-Limited is the successor to Ingersoll-Rand Company, a New Jersey corporation (IR-New Jersey), following a corporate reorganization that occurred on December 31, 2001 (the 2001 Reorganization). Both the 2009 Reorganization and 2001 Reorganization were accounted for as a reorganization of entities under common control and accordingly, did not result in any changes to the consolidated amounts of assets, liabilities and shareholders equity. As a part of the 2001 Reorganization, IR-Limited issued non-voting, Class B common shares to IR-New Jersey and certain IR-New Jersey subsidiaries in exchange for a $3.6 billion note and shares of certain IR-New Jersey subsidiaries. The note, which is due in 2011, has a fixed rate of interest of 11%per annum payable semi-annually and imposes certain restrictive covenants upon IR-New Jersey. At September30, 2009, $1.0 billion of the original $3.6 billion note remains outstanding. In 2002, IR-Limited contributed the note to a wholly owned subsidiary, which subsequently transferred portions of the note to several other subsidiaries, all of which are included in the Other Subsidiaries below. Accordingly, the subsidiaries of IR-Limited remain creditors of IR-New Jersey. In addition, as part of the 2001 Reorganization, IR-Limited fully and unconditionally guaranteed all of the issued public debt securities of IR-New Jersey. IR-New Jersey unconditionally guaranteed payment of the principal, premium, if any, and interest on IR-Limiteds 4.75% Senior Notes due in 2015 in the aggregate principal amount of $300 million. The guarantee is unsecured and provided on an unsubordinated basis. The guarantee ranks equally in right of payment with all of the existing and future unsecured and unsubordinated debt of IR-New Jersey. During 2008, the Company revised the guarantor financial statements for all periods presented in order to reflect Ingersoll-Rand Global Holding Company Limited (IR-Global) as a stand-alone subsidiary. IR-Global issued public debt that is guaranteed by IR-Limited. As part of the 2009 Reorganization, the guarantor financial statements were further revised to present IR-Ireland as the ultimate parent company and Ingersoll-Rand International Holding Limited (IR-International) as a stand-alone subsidiary. In addition, the guarantee structure was updated to reflect the newly created legal structure under which (i)IR-International assumed the obligations of IR-Limited as issuer or guarantor, as the case may be, and (ii)IR-Ireland and IR-Limited fully and unconditionally guaranteed the obligations under the various indentures covering the currently outstanding public debt of Ingersoll-Rand plc and its subsidiaries. Neither IR-Ireland nor IR-Limited has issued or intends to issue guarantees in respect of any indebtedness incurred by Trane. Also as part of the 2009 Reorganization, IR-Limited transferred all the s

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
Document Information [Text Block]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 30, 2009
Entity [Text Block]
Trading Symbol	IR
Entity Registrant Name	Ingersoll-Rand plc
Entity Central Index Key	0001466258
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		320,059,548