Trane Technologies (TT) 10-Q 26 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2016	Apr. 15, 2016
Entity Information [Line Items]
Entity Registrant Name	INGERSOLL-RAND PLC
Entity Central Index Key	1,466,258
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		257,463,751

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net revenues	$ 2,894.1	$ 2,887.8
Cost of goods sold	(2,047)	(2,086.7)
Selling and administrative expenses	(629.8)	(630)
Operating income	217.3	171.1
Interest expense	(56.7)	(55.1)
Other income/(expense), net	10	(26.4)
Earnings before income taxes	170.6	89.6
Provision for income taxes	(41.9)	(26.9)
Earnings from continuing operations	128.7	62.7
Discontinued operations, net of tax	26.9	(7.3)
Net earnings	155.6	55.4
Less: Net earnings attributable to noncontrolling interests	(3.2)	(4.1)
Net earnings attributable to Ingersoll-Rand plc	152.4	51.3
Amounts attributable to Ingersoll-Rand plc ordinary shareholders:
Continuing operations	125.5	58.6
Discontinued operations	26.9	(7.3)
Net earnings attributable to Ingersoll-Rand plc	$ 152.4	$ 51.3
Basic:
Continuing operations	$ 0.48	$ 0.22
Discontinued operations	0.10	(0.03)
Net earnings	0.58	0.19
Diluted:
Continuing operations	0.48	0.22
Discontinued operations	0.10	(0.03)
Net earnings	$ 0.58	$ 0.19
Weighted-average shares outstanding
Basic	259.4	265.4
Diluted	261.3	268.5
Total comprehensive income (loss)	$ 298.5	$ (224.7)
Less: Total comprehensive income attributable to noncontrolling interests	(4.1)	(4.3)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	$ 294.4	$ (229)
Dividends declared per ordinary share	$ 0.32	$ 0.29

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 612.9	$ 736.8
Accounts and notes receivable, net	2,155.1	2,150.6
Inventories, net	1,612.7	1,410.7
Other current assets	432.2	311.3
Total current assets	4,812.9	4,609.4
Property, plant and equipment, net	1,582.2	1,575.1
Goodwill	5,784.4	5,730.2
Intangible assets, net	3,903.1	3,926.1
Other noncurrent assets	869.9	876.8
Total assets	16,952.5	16,717.6
LIABILITIES AND EQUITY
Accounts payable	1,345.8	1,249.3
Accrued compensation and benefits	350.1	437.4
Accrued expenses and other current liabilities	1,476.2	1,457.5
Short-term borrowings and current maturities of long-term debt	758	504.2
Total current liabilities	3,930.1	3,648.4
Long-term debt	3,714.6	3,713.6
Postemployment and other benefit liabilities	1,395.7	1,409.9
Deferred and noncurrent income taxes	916.6	896.1
Other noncurrent liabilities	1,142.8	1,170.4
Total liabilities	11,099.8	10,838.4
Equity:
Ordinary shares	270	269
Treasury Stock, Value	(702.7)	(452.6)
Capital in excess of par value	237.1	223.3
Retained earnings	6,967.3	6,897.9
Accumulated other comprehensive income (loss)	(978.9)	(1,120.9)
Total Ingersoll-Rand plc shareholders’ equity	5,792.8	5,816.7
Noncontrolling interest	59.9	62.5
Total equity	5,852.7	5,879.2
Total liabilities and equity	$ 16,952.5	$ 16,717.6

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net earnings	$ 155.6	$ 55.4
Discontinued operations, net of tax	(26.9)	7.3
Adjustments for non-cash transactions:
Depreciation and amortization	88	87.9
Changes in assets and liabilities, net	(245.8)	(329.7)
Other non-cash items, net	23.8	63.9
Net cash used in continuing operating activities	(5.3)	(115.2)
Net cash used in discontinued operating activities	(6.7)	(10)
Net cash used in operating activities	(12)	(125.2)
Cash flows from investing activities:
Capital expenditures	(40.1)	(55.7)
Acquisition of businesses, net of cash acquired	0	(941.7)
Proceeds from sale of property, plant and equipment	0	4
Net cash used in continuing investing activities	(40.1)	(993.4)
Cash flows from financing activities:
Short-term borrowings, net	254	327.1
Proceeds from long-term debt	0	0.1
Payments of long-term debt	0	(16.1)
Net proceeds from debt	254	311.1
Dividends paid to ordinary shareholders	(82.2)	(73.8)
Dividends paid to noncontrolling interests	(6.7)	0
Repurchase of ordinary shares	(250.1)	0
Other, net	(6.7)	19.5
Net cash provided by (used in) continuing financing activities	(93.8)	256.8
Effect of exchange rate changes on cash and cash equivalents	22	(109.5)
Net decrease in cash and cash equivalents	(123.9)	(971.3)
Cash and cash equivalents - beginning of period	736.8	1,705.2
Cash and cash equivalents - end of period	$ 612.9	$ 733.9

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Ingersoll-Rand plc (Plc or Parent Company), a public limited company incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively, the Company), reflect the consolidated operations of the Company and have been prepared in accordance with United States Securities and Exchange Commission (SEC) interim reporting requirements. Accordingly, the accompanying condensed consolidated financial statements do not include all disclosures required by accounting principles generally accepted in the United States of America (GAAP) for full financial statements and should be read in conjunction with the consolidated financial statements included in the Ingersoll-Rand plc Annual Report on Form 10-K for the year ended December 31, 2015 . In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments, which include normal recurring adjustments, necessary to present fairly the condensed consolidated results for the interim periods presented. Certain reclassifications of amounts reported in prior periods have been made to conform with the current period presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board (FASB) Accounting Standards Codification is the sole source of authoritative GAAP other than SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standards Update (ASU) to communicate changes to the codification. The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on our consolidated financial statements. Recently Adopted Accounting Pronouncements In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments" (ASU 2015-16) which eliminates the requirement for an acquirer in a business combination to account for measurement period adjustments retrospectively. As a result, adjustments to provisional amounts that are identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined. ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this guidance on January 1, 2016 and will apply provisions, as applicable, on future acquisitions. In April 2015, the FASB issued ASU 2015-03, "Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03) which amends the current presentation of debt issuance costs in the financial statements. ASU 2015-03 requires an entity to present debt issuance costs related to a recognized debt liability in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. ASU 2015-03 is effective on a retrospective basis for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those annual periods. The Company adopted this standard on January 1, 2016 and has retrospectively adjusted the prior period presented. This change in classification resulted in a net $ 21.2 million decrease to Other concurrent assets with a corresponding decrease to Long-term debt as of December 31, 2015. In April 2015, the FASB issued ASU 2015-05, "Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement" (ASU 2015-05) which provides guidance about whether a cloud computing arrangement includes a software license and how to account for the license under each scenario. The guidance is effective for annual periods beginning after December 15, 2015, including interim periods within those annual periods. A reporting entity may apply the guidance prospectively to all arrangements entered into or materially modified after the effective date, or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted. The Company adopted this guidance on January 1, 2016. The adoption of the new guidance did not have an impact on the Company’s financial statements. Recently Issued Accounting Pronouncements In March 2016, the FASB issued ASU No. 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09) which simplifies several aspects of the accounting for employee share-based payment transactions. The guidance makes several modifications to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. In addition, ASU 2016-09 clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for interim and annual reporting periods beginning after December 15, 2016, although early adoption is permitted. The Company is currently assessing how the adoption of this standard will impact the financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases" (ASU 2016-02) which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted. The guidance is required to be adopted at the earliest period presented using a modified retrospective approach. The Company is currently assessing the impact on the financial statements. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory" (ASU 2015-11). ASU 2015-11 requires that inventory within the scope of the standard be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable cost of completion, disposal and transportation. The amendments in this update do not apply to inventory measured using the last-in, first-out or the retail inventory method. The amendments apply to all other inventory, which includes inventory measured using the first-in, first-out or average cost method. ASU 2015-11 is effective for annual periods beginning after December 15, 2016, including interim periods within those annual periods, with early adoption permitted. The adoption of the new guidance is not expected to have a material impact on the Company’s financial statements. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which creates a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under the new guidance, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. In addition, ASC 606 enhances disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. ASC 606 is effective for annual reporting periods beginning after December 15, 2017 and is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. Early adoption is permitted, but not before the original effective date of the standard. The Company is currently determining its implementation approach and assessing the impact on the financial statements.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventory, Net [Abstract]
Inventories	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 were as follows: In millions March 31, December 31, Raw materials $ 513.0 $ 514.9 Work-in-process 186.7 131.0 Finished goods 973.3 825.7 1,673.0 1,471.6 LIFO reserve (60.3 ) (60.9 ) Total $ 1,612.7 $ 1,410.7 The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to net realizable value. Reserve balances, primarily related to obsolete and slow-moving inventories, were $ 105.5 million and $ 100.4 million at March 31, 2016 and December 31, 2015 , respectively.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2016
Goodwill Abstract
Goodwill	Goodwill The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired. Once the final valuation has been performed for each acquisition, adjustments may be recorded. Goodwill is tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of a reporting unit may be less than the carrying amount of the reporting unit. The changes in the carrying amount of goodwill for the three months ended March 31, 2016 were as follows: In millions Climate Industrial Total Net balance as of December 31, 2015 $ 4,952.6 $ 777.6 $ 5,730.2 Currency translation 45.9 8.3 54.2 Net balance as of March 31, 2016 $ 4,998.5 $ 785.9 $ 5,784.4 The net goodwill balances at March 31, 2016 and December 31, 2015 include $ 2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge in the fourth quarter of 2008 associated with the Climate segment.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2016
Intangible Assets Abstract
Intangible Assets	Intangible Assets Indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset. All other intangible assets with finite useful lives are being amortized on a straight-line basis over their estimated useful lives. The gross amount of the Company’s intangible assets and related accumulated amortization were as follows: March 31, 2016 December 31, 2015 In millions Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Completed technologies/patents $ 216.5 $ (171.7 ) $ 44.8 $ 214.9 $ (168.7 ) $ 46.2 Customer relationships 2,029.3 (843.9 ) 1,185.4 2,019.8 (811.5 ) 1,208.3 Other 65.0 (47.5 ) 17.5 63.5 (45.7 ) 17.8 Total finite-lived intangible assets 2,310.8 (1,063.1 ) 1,247.7 2,298.2 (1,025.9 ) 1,272.3 Trademarks (indefinite-lived) 2,655.4 — 2,655.4 2,653.8 — 2,653.8 Total $ 4,966.2 $ (1,063.1 ) $ 3,903.1 $ 4,952.0 $ (1,025.9 ) $ 3,926.1 Intangible asset amortization expense was $32.9 million and $37.0 million for the three months ended March 31, 2016 and 2015 , respectively.

Debt and Credit Facilities

Debt and Credit Facilities	3 Months Ended
	Mar. 31, 2016
Debt Credit Facilities
Debt and Credit Facilities	Debt and Credit Facilities Short-term borrowings and current maturities of long-term debt consisted of the following: In millions March 31, December 31, Debentures with put feature $ 343.0 $ 343.0 Commercial Paper 397.0 143.0 Other current maturities of long-term debt 7.8 7.8 Short-term borrowings 10.2 10.4 Total $ 758.0 $ 504.2 Commercial Paper Program The Company uses borrowings under its commercial paper program for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, under the commercial paper program is $ 2.0 billion as of March 31, 2016 . Debentures with Put Feature At March 31, 2016 and December 31, 2015 , the Company had $343.0 million of fixed rate debentures outstanding which contain a put feature that the holders may exercise on each anniversary of the issuance date. If exercised, the Company is obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount of the debentures plus accrued interest. If these options are not exercised, the final contractual maturity dates would range between 2027 and 2028 . Holders of these debentures had the option to exercise the put feature on $37.2 million of the outstanding debentures in February 2016, subject to the notice requirement. No material exercises were made. Long-term debt , excluding current maturities, consisted of the following: In millions March 31, December 31, 6.875% Senior notes due 2018 $ 748.1 $ 748.0 2.875% Senior notes due 2019 348.3 348.1 2.625% Senior notes due 2020 298.1 298.0 9.000% Debentures due 2021 124.8 124.8 4.250% Senior notes due 2023 695.2 695.0 7.200% Debentures due 2016-2025 67.2 67.1 3.550% Senior notes due 2024 493.9 493.7 6.480% Debentures due 2025 149.7 149.7 5.750% Senior notes due 2043 493.4 493.4 4.650% Senior notes due 2044 295.2 295.2 Other loans and notes 0.7 0.6 Subtotal 3,714.6 3,713.6 Other Credit Facilities The Company maintains two 5-year, $ 1.0 billion revolving credit facilities (the Facilities) through its wholly-owned subsidiaries, Ingersoll-Rand Global Holding Company Limited and Ingersoll-Rand Luxembourg Finance S.A. (collectively, the Borrowers). Each senior unsecured credit facility, one of which matures in March 2019 and the other in March 2021 (the 2021 Facility), provides support for the Company's commercial paper program and can be used for working capital and other general corporate purposes. Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Lux International Holding Company S.à.r.l. and Ingersoll-Rand Company each provide irrevocable and unconditional guarantees for these Facilities. In addition, each Borrower will guarantee the obligations under the Facilities of the other Borrower. The 2021 Facility, which was entered into on March 15, 2016, terminated the previously outstanding revolving credit facility set to mature in March 2017. Total commitments of $ 2.0 billion were unused at March 31, 2016 and December 31, 2015 . Fair Value of Debt The carrying value of the Company's short-term borrowings is a reasonable estimate of fair value due to the short-term nature of the instruments. The fair value of the Company's debt instruments at March 31, 2016 and December 31, 2015 was $4.9 billion and $4.5 billion , respectively. The Company measures the fair value of its long-term debt instruments for disclosure purposes based upon observable market prices quoted on public exchanges for similar assets. These fair value inputs are considered Level 2 within the fair value hierarchy. The methodologies used by the Company to determine the fair value of its long-term debt instruments at March 31, 2016 are the same as those used at December 31, 2015 .

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2016
Financial Instruments Abstract
Financial Instruments	Financial Instruments In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors. These fluctuations can increase the cost of financing, investing and operating the business. The Company may use various financial instruments, including derivative instruments, to manage the risks associated with interest rate and currency rate 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 as a cash flow hedge of a forecasted transaction 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 assesses at inception, and at least quarterly thereafter, whether the derivatives used in cash flow hedging transactions are highly effective in offsetting the changes in the cash flows of the hedged item. To the extent the derivative is deemed to be a highly effective hedge, the fair market value changes of the instrument are recorded to Accumulated other comprehensive income (AOCI). Any ineffective portion of a derivative instrument’s change in fair value is recorded in Net earnings 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 will be recorded in Net earnings . The fair values of derivative instruments included within the Condensed Consolidated Balance Sheets were as follows: Derivative assets Derivative liabilities In millions March 31, December 31, March 31, December 31, Derivatives designated as hedges: Currency derivatives designated as hedges $ 2.2 $ 0.6 $ 0.4 $ 0.2 Derivatives not designated as hedges: Currency derivatives not designated as hedges 23.3 4.4 1.8 12.4 Total derivatives $ 25.5 $ 5.0 $ 2.2 $ 12.6 Asset and liability derivatives included in the table above are recorded within Other current assets and Accrued expenses and other current liabilities , respectively. Currency Derivative Instruments The notional amount of the Company’s currency derivatives was $ 1.0 billion and $ 1.1 billion at March 31, 2016 and December 31, 2015 , respectively. At March 31, 2016 and December 31, 2015 , a gain of $ 1.7 million and $ 0.5 million , net of tax, respectively, was included in AOCI related to the fair value of the Company’s currency derivatives designated as accounting hedges. The amount expected to be reclassified into Net earnings over the next twelve months is a gain of $ 1.7 million . The actual amounts that will be reclassified to Net earnings may vary from this amount as a result of changes in market conditions. Gains and losses associated with the Company’s currency derivatives not designated as hedges are recorded in Net earnings as changes in fair value occur. At March 31, 2016 , the maximum term of the Company’s currency derivatives was approximately 12 months. Other Derivative Instruments The Company has utilized forward-starting interest rate swaps and interest rate locks to manage interest rate exposure in periods prior to the anticipated issuance of fixed-rate debt. These instruments have been designated as cash flow hedges and have a notional amount of $ 1.3 billion at March 31, 2016 and December 31, 2015 , respectively. Consequently, when the contracts were settled upon the issuance of the underlying debt, any realized gains or losses in the fair values of the instruments were initially deferred into Accumulated other comprehensive income . These deferred gains or losses are subsequently recognized into Interest expense over the term of the related notes. The net unrecognized gain in AOCI was $ 5.6 million at March 31, 2016 and $5.5 million at December 31, 2015 . The net deferred gain at March 31, 2016 will be amortized over the term of notes with maturities ranging from 2018 to 2044. The amount expected to be amortized over the next twelve months is a net loss of $ 0.5 million . There were no forward-starting interest rate swaps or interest rate lock contracts outstanding at March 31, 2016 or December 31, 2015 . The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the three months ended March 31 : Amount of gain Location of gain (loss) reclassified from Amount of gain (loss) In millions 2016 2015 2016 2015 Currency derivatives designated as hedges $ 2.0 $ 1.5 Cost of goods sold $ 0.7 $ (0.7 ) Interest rate swaps & locks — — Interest expense (0.1 ) (0.1 ) Total $ 2.0 $ 1.5 $ 0.6 $ (0.8 ) The following table represents the amounts associated with derivatives not designated as hedges affecting Net earnings for the three months ended March 31 : Location of gain Amount of gain In millions 2016 2015 Currency derivatives not designated as hedges Other income/(expense), net $ 26.2 $ 32.3 Total $ 26.2 $ 32.3 The gains and losses associated with the Company’s undesignated currency derivatives are materially offset in Net earnings by changes in the fair value of the underlying transactions. Concentration of Credit Risk The counterparties to the Company’s forward contracts consist of a number of investment grade major international financial institutions. The Company could be exposed to losses in the event of nonperformance by the counterparties. However, the credit ratings and the concentration of risk in these financial institutions are monitored on a continuous basis and present no significant credit risk to the Company.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value Disclosures [Text Block]	Fair Value Measurements ASC 820, "Fair Value Measurement," (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows: • Level 1: Observable inputs such as quoted prices in active markets; • Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and • Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 : In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 25.5 $ — $ 25.5 $ — Liabilities: Derivative instruments $ 2.2 $ — $ 2.2 $ — The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 : In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 5.0 $ — $ 5.0 $ — Liabilities: Derivative instruments $ 12.6 $ — $ 12.6 $ — Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures. The fair value of the derivative instruments are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable. The carrying values of cash and cash equivalents, accounts receivable, and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. These methodologies used by the Company to determine the fair value of its financial assets and liabilities at March 31, 2016 are the same as those used at December 31, 2015 . There have been no transfers between levels of the fair value hierarchy.

Pensions and Postretirement Ben

Pensions and Postretirement Benefits Other than Pensions	3 Months Ended
	Mar. 31, 2016
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Pensions and Postretirement Benefits Other than Pensions	Pensions and Postretirement Benefits Other than Pensions The Company sponsors several U.S. defined benefit and defined contribution plans covering substantially all of the Company's U.S. employees. Additionally, the Company has many non-U.S. defined benefit and defined contribution plans covering eligible non-U.S. employees. Postretirement benefits other than pensions (OPEB) provide healthcare benefits, and in some instances, life insurance benefits for certain eligible employees. At December 31, 2015, the Company refined the measurement approach used to calculate service and interest costs for both pension and OPEB obligations to utilize multiple specific spot rates, along the same hypothetical yield curve, that correlate with the timing of the relevant projected cash flows. The Company concluded that this refinement is a change in accounting estimate. Pension Plans The noncontributory defined benefit pension plans covering non-collectively bargained U.S. employees provide benefits on a final average pay formula while plans for most collectively bargained U.S. employees provide benefits on a flat dollar benefit formula or a percentage of pay formula. The non-U.S. pension plans generally provide benefits based on earnings and years of service. The Company also maintains additional other supplemental plans for officers and other key or highly compensated employees. The components of the Company’s net periodic pension benefit cost for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Service cost $ 18.2 $ 18.9 Interest cost 28.4 32.6 Expected return on plan assets (36.1 ) (39.6 ) Net amortization of: Prior service costs 1.2 0.8 Plan net actuarial losses 15.2 15.4 Net periodic pension benefit cost $ 26.9 $ 28.1 Amounts recorded in continuing operations $ 24.4 $ 25.5 Amounts recorded in discontinued operations 2.5 2.6 Total $ 26.9 $ 28.1 The Company made contributions to its defined benefit pension plans of $ 5.5 million and $ 7.4 million during the three months ended March 31, 2016 and 2015 , respectively. The Company currently projects that it will contribute approximately $58 million to its plans worldwide in 2016. Postretirement Benefits Other Than Pensions The Company sponsors several postretirement plans that provide for healthcare benefits, and in some instances, life insurance benefits that cover certain eligible employees. These plans are unfunded and have no plan assets, but are instead funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. Generally, postretirement health benefits are contributory with contributions adjusted annually. Life insurance plans for retirees are primarily noncontributory. The components of net periodic postretirement benefit cost for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Service cost $ 0.9 $ 1.0 Interest cost 4.5 6.0 Net amortization of: Prior service gains (2.2 ) (2.2 ) Net actuarial losses — 0.1 Net periodic postretirement benefit cost $ 3.2 $ 4.9 Amounts recorded in continuing operations $ 2.1 $ 3.0 Amounts recorded in discontinued operations 1.1 1.9 Total $ 3.2 $ 4.9

Equity

Equity	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Equity	Equity The authorized share capital of Ingersoll-Rand plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $ 1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $ 0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at March 31, 2016 or December 31, 2015 . Changes in ordinary shares and treasury shares for the three months ended March 31, 2016 are as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2015 269.0 7.8 Shares issued under incentive plans, net 1.0 — Repurchase of ordinary shares — 4.9 March 31, 2016 270.0 12.7 In February 2014, the Company's Board of Directors authorized the repurchase of up to $ 1.5 billion of its ordinary shares under a share repurchase program that began in April 2014. Share repurchases are made from time to time at the discretion of management subject to market conditions, regulatory requirements and other considerations. Shares repurchased prior to October 2014 were canceled upon repurchase and accounted for as a reduction of Ordinary shares and Capital in excess of par value , or Retained earnings to the extent Capital in excess of par value was exhausted. Beginning in October 2014, repurchased shares were held in treasury and recognized at cost. Ordinary shares held in treasury are presented separately on the balance sheet as a reduction to Equity. During the three months ended March 31, 2016 , the Company repurchased 4.9 million shares for $250.1 million . The Company has $ 416.6 million remaining under its existing share repurchase authorization. The components of Equity for the three months ended March 31, 2016 were as follows: In millions Shareholders’ Noncontrolling Total Balance at December 31, 2015 $ 5,816.7 $ 62.5 $ 5,879.2 Net earnings 152.4 3.2 155.6 Currency translation 130.5 0.9 131.4 Derivatives qualifying as cash flow hedges, net of tax 1.1 — 1.1 Pension and OPEB adjustments, net of tax 10.4 — 10.4 Total comprehensive income (loss) 294.4 4.1 298.5 Share-based compensation 21.9 — 21.9 Dividends declared to noncontrolling interests — (6.7 ) (6.7 ) Dividends declared to ordinary shareholders (82.2 ) — (82.2 ) Shares issued under incentive plans, net of tax benefit (6.7 ) — (6.7 ) Repurchase of ordinary shares (250.1 ) — (250.1 ) Other items, net (1.2 ) — (1.2 ) Balance at March 31, 2016 $ 5,792.8 $ 59.9 $ 5,852.7 The components of Equity for the three months ended March 31, 2015 were as follows: In millions Shareholders’ Noncontrolling Total Balance at December 31, 2014 $ 5,987.4 $ 58.0 $ 6,045.4 Net earnings 51.3 4.1 55.4 Currency translation (305.2 ) 0.2 (305.0 ) Derivatives qualifying as cash flow hedges, net of tax 2.9 — 2.9 Pension and OPEB adjustments, net of tax 22.0 — 22.0 Total comprehensive income (loss) (229.0 ) 4.3 (224.7 ) Share-based compensation 22.9 — 22.9 Dividends declared to noncontrolling interests — — — Dividends declared to ordinary shareholders (76.6 ) — (76.6 ) Shares issued under incentive plans, net of tax benefit 19.5 — 19.5 Balance at March 31, 2015 $ 5,724.2 $ 62.3 $ 5,786.5 Accumulated Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2016 are as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Items Total Balance at December 31, 2015 $ 5.1 $ (630.4 ) $ (495.6 ) $ (1,120.9 ) Other comprehensive income before reclassifications 2.0 0.7 130.5 133.2 Amounts reclassified from AOCI (0.6 ) 14.2 — 13.6 Provision for income taxes (0.3 ) (4.5 ) — (4.8 ) Net current period other comprehensive income (loss) $ 1.1 $ 10.4 $ 130.5 $ 142.0 Balance at March 31, 2016 $ 6.2 $ (620.0 ) $ (365.1 ) $ (978.9 ) The changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2015 are as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Items Total Balance at December 31, 2014 $ 3.1 $ (665.1 ) $ (52.3 ) $ (714.3 ) Other comprehensive income before reclassifications 1.5 14.4 (305.2 ) (289.3 ) Amounts reclassified from AOCI 0.8 14.1 — 14.9 Provision for income taxes 0.6 (6.5 ) — (5.9 ) Net current period other comprehensive income (loss) $ 2.9 $ 22.0 $ (305.2 ) $ (280.3 ) Balance at March 31, 2015 $ 6.0 $ (643.1 ) $ (357.5 ) $ (994.6 ) The reclassifications out of Accumulated other comprehensive income (loss) for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Derivative Instruments Reclassifications of deferred (gains) losses (1) $ (0.6 ) $ 0.8 Provision (benefit) for income taxes — (0.2 ) Reclassifications, net of taxes $ (0.6 ) $ 0.6 Pension and Postretirement benefits Amortization of service costs (2) $ (1.0 ) $ (1.4 ) Amortization of actuarial losses (2) 15.2 15.5 Provision for (benefit from) for income taxes (4.5 ) (6.5 ) Reclassifications, net of taxes $ 9.7 $ 7.6 Total reclassifications, net of taxes $ 9.1 $ 8.2 (1) Reclassifications of interest rate swaps and locks are reflected within Interest expense ; reclassifications of foreign exchange swaps are reflected in Cost of goods sold . (2) Reclassifications of pension and postretirement amounts are included in periodic pension costs and periodic benefit costs.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation The Company accounts for stock-based compensation plans in accordance with ASC 718, "Compensation - Stock Compensation" (ASC 718), which requires a fair-value based method for measuring the value of stock-based compensation. Fair value is measured once at the date of grant and is not adjusted for subsequent changes. The Company’s share-based compensation plans include programs for stock options, restricted stock units (RSUs), performance share units (PSUs) and deferred compensation. Compensation Expense Share-based compensation expense is related to continuing operations and is included in Selling and administrative expenses . The expense recognized for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Stock options $ 7.5 $ 6.7 RSUs 9.5 9.0 Performance shares 4.5 7.6 Other 1.8 1.2 Pre-tax expense 23.3 24.5 Tax benefit (8.9 ) (9.4 ) After-tax expense $ 14.4 $ 15.1 Stock Options / RSUs Eligible participants may receive (i) stock options, (ii) RSUs or (iii) a combination of both stock options and RSUs. The fair value of each of the Company’s stock option and RSU awards is expensed on a straight-line basis over the required service period, which is generally the 3 -year vesting period. However, for stock options and RSUs granted to retirement eligible employees, the Company recognizes expense for the fair value at the grant date. Grants issued during the three months ended March 31 were as follows: 2016 2015 Number granted Weighted- average fair value per award Number granted Weighted- average fair value per award Stock options 1,958,476 $ 9.42 1,314,045 $ 14.15 RSUs 457,351 $ 50.31 373,192 $ 66.64 The average fair value of the stock options granted is determined using the Black-Scholes option-pricing model. The following assumptions were used during the three months ended March 31 : 2016 2015 Dividend yield 2.55 % 1.73 % Volatility 28.60 % 28.56 % Risk-free rate of return 1.12 % 1.24 % Expected life in years 4.8 4.9 A description of the significant assumptions used to estimate the fair value of the stock option awards is as follows: • Volatility -- The expected volatility is based on a weighted average of the Company’s implied volatility and the most recent historical volatility of the Company’s stock commensurate with the expected life. • Risk-free rate of return -- The Company applies a yield curve of continuous risk-free rates based upon the published US Treasury spot rates on the grant date. • Expected life -- The expected life of the Company’s stock option awards represents the weighted-average of the actual period since the grant date for all exercised or cancelled options and an expected period for all outstanding options. • Dividend yield -- The Company determines the dividend yield based upon the expected quarterly dividend payments as of the grant date and the current fair market value of the Company’s stock. • Forfeiture Rate -- The Company analyzes historical data of forfeited options to develop a reasonable expectation of the number of options to forfeit prior to vesting per year. This expected forfeiture rate is applied to the Company’s ongoing compensation expense; however, all expense is adjusted to reflect actual vestings and forfeitures. Performance Shares The Company has a Performance Share Program (PSP) for key employees. The program provides awards in the form of Performance Share Units (PSUs) based on performance against pre-established objectives. The annual target award level is expressed as a number of the Company's ordinary shares. All PSUs are settled in the form of ordinary shares. During the three months ended March 31, 2016 , the Company granted PSUs with a maximum award level of approximately 0.6 million shares with a weighted-average fair value per award of $ 53.37 . PSU awards are earned based 50% upon a performance condition, measured at each reporting period by relative EPS growth to the industrial group of companies in the S&P 500 Index and the fair market value of the Company's stock on the date of grant, and 50% upon a market condition, measured by the Company's relative total shareholder return (TSR) as compared to the TSR of the industrial group of companies in the S&P 500 Index over the 3-year performance period. The fair value of the market condition is estimated using a Monte Carlo Simulation approach in a risk-neutral framework based upon historical volatility, risk-free rates and correlation matrix. Deferred Compensation The Company allows key employees to defer a portion of their eligible compensation into a number of investment choices, including its ordinary share equivalents. Any amounts invested in ordinary share equivalents will be settled in ordinary shares of the Company at the time of distribution.

Other, Net

Other, Net	3 Months Ended
	Mar. 31, 2016
Other Net [Abstract]
Other, Net	Other Income/(Expense), Net Transactions that are denominated in a currency other than an entity's functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within current earnings. The Company includes these gains and losses related to receivables and payables as well as the impacts of other operating transactions as a component of Operating income . The components of Other income/(expense), net for the three months ended March 31 are as follows: Three months ended In millions 2016 2015 Interest income $ 2.0 $ 2.9 Exchange gain (loss) 5.5 (32.4 ) Income (loss) from equity investment (0.8 ) 0.6 Other activity, net 3.3 2.5 Other income/(expense), net $ 10.0 $ (26.4 ) During the three months ended March 31, 2015 , the Company recognized a loss on foreign currency exchange of $ 42.6 million related to the remeasurement of net monetary assets denominated in Venezuelan bolivar. This loss was partially offset by $ 10.2 million of foreign currency transaction gains resulting from the remeasurement of non-functional balance sheet positions into their functional currency. Other activity, net primarily consists of income realized from revaluation of asbestos recoveries. Hussmann Minority Interest During 2011, the Company completed the sale of a controlling interest of its Hussmann refrigerated display case business (“Hussmann”) to a newly-formed affiliate (“Hussmann Parent”) of private equity firm Clayton Dubilier & Rice, LLC (“CD&R”). Per the terms of the agreement, CD&R’s ownership interest in Hussmann at the acquisition date was 60% with the remaining 40% being retained by the Company. As a result, the Company accounts for its interest in Hussmann using the equity method of accounting. The Company’s ownership interest was 36.7% at March 31 , 2016, a result of additional shares issued over time to CD&R as part of a quarterly dividend requirement. The investment is reflected within Other noncurrent assets on the Condensed Consolidated Balance Sheets. Refer to Note 19, "Subsequent Events," for more information regarding the Hussmann minority interest sale.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company accounts for its provision for income taxes in accordance with ASC 740, "Income Taxes," which requires an estimate of the annual effective income tax rate for the full year to be applied to the respective interim period, taking into account year-to-date amounts and projected results for the full year. For the three months ended March 31, 2016 and March 31, 2015 , the Company's effective income tax rate was 24.5 % and 30.0% , respectively. The effective income tax rate in both periods was lower than the U.S. statutory rate of 35% primarily due to earnings in non-U.S. jurisdictions, which in aggregate, have a lower effective tax rate. Total unrecognized tax benefits as of March 31, 2016 and December 31, 2015 were $ 144.3 million and $ 174.9 million , respectively. Although management believes its tax positions and related provisions reflected in the consolidated financial statements are fully supportable, it recognizes that these tax positions and related provisions may be challenged by various tax authorities. These tax positions and related provisions are reviewed on an ongoing basis and are adjusted as additional facts and information become available, including progress on tax audits, changes in interpretations of tax laws, developments in case law and closing of statute of limitations. To the extent that the ultimate results differ from the original or adjusted estimates of the Company, the effect will be recorded in Provision for 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, China, France, Germany, Ireland, Italy, Mexico, Switzerland, the Netherlands and the United States. In general, the examination of the Company’s material tax returns is complete for the years prior to 2003, with certain matters being resolved through appeals and litigation.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2016
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations The Company has retained costs from previously sold businesses that mainly include expenses related to postretirement benefits, product liability and legal costs (mostly asbestos related). The components of Discontinued operations, net of tax for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Net revenues $ — $ — Pre-tax earnings (loss) from discontinued operations $ 21.0 $ (8.8 ) Tax benefit (expense) 5.9 1.5 Discontinued operations, net of tax $ 26.9 $ (7.3 ) Pre-tax earnings from discontinued operations for the three months ended March 31, 2016 mainly consists of income realized from a settlement with insurance carriers related to asbestos. Refer to Note 17, "Commitments and Contingencies," for more information regarding asbestos related matters. In addition, the Company also realized a gain on the sale of property relating to a previously sold business. The tax benefit for the three months ended March 31, 2016 primarily relates to the resolution of a state income tax matter.

Earnings Per Share (EPS)

Earnings Per Share (EPS)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	Earnings Per Share (EPS) Basic EPS is calculated by dividing Net earnings attributable to Ingersoll-Rand plc by the weighted-average number of ordinary 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 ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations for the three months ended March 31 : Three months ended In millions 2016 2015 Weighted-average number of basic shares 259.4 265.4 Shares issuable under incentive stock plans 1.9 3.1 Weighted-average number of diluted shares 261.3 268.5 Anti-dilutive shares 3.9 2.1

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies except that the operating segments’ results are prepared on a management basis that is consistent with the manner in which the Company prepares financial information for internal review and decision making. The Company largely evaluates performance based on Segment operating income and Segment operating margins. Intercompany sales between segments are considered immaterial. The Company's Climate segment globally delivers energy-efficient products and innovative energy services. It includes Trane ® and American Standard ® Heating & Air Conditioning which provide heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King ® transport temperature control solutions. The Company's Industrial segment delivers products and services that enhance energy efficiency, productivity and operations. It includes compressed air and gas systems and services, power tools, material handling systems, ARO ® fluid management equipment, as well as Club Car ® golf, utility and rough terrain vehicles. Segment operating income is the measure of profit and loss that the Company's chief operating decision maker uses to evaluate the financial performance of the business and as the basis for performance reviews, compensation and resource allocation. For these reasons, the Company believes that Segment operating income represents the most relevant measure of segment profit and loss. A summary of operations by reportable segment for the three months ended March 31 was as follows: Three months ended In millions 2016 2015 Net revenues Climate $ 2,213.5 $ 2,158.5 Industrial 680.6 729.3 Total $ 2,894.1 $ 2,887.8 Segment operating income Climate $ 214.3 $ 150.9 Industrial 62.4 74.8 Total $ 276.7 $ 225.7 Reconciliation to Operating income Unallocated corporate expense (59.4 ) (54.6 ) Operating income $ 217.3 $ 171.1

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Abstract
Commitments and Contingencies	Commitments and Contingencies The Company is involved in various litigations, claims and administrative proceedings, including those related to environmental, asbestos, and product liability matters. In accordance with ASC 450, "Contingencies," the Company records accruals for loss contingencies when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. 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, except as expressly set forth in this note, management believes that any 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. The Company is currently a defendant to a lawsuit originally filed by a customer in 2012 relating to a commercial HVAC contract entered into in 2001, prior to the acquisition of Trane by Ingersoll Rand. The lawsuit has been amended several times, most recently in April 2016. The plaintiff seeks economic damages of $ 71.6 million for remediation costs and contractual claims, as well as treble damages. The Company believes the claim is without merit and denies liability. Trial is currently scheduled to begin in August 2016 in the Texas state court. As of March 31, 2016, the Company has not accrued any amount related to this matter. 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 Company’s 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 on the Company's understanding of 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. As of March 31, 2016 and December 31, 2015 , the Company has recorded reserves for environmental matters of $ 44.6 million and $ 43.8 million , respectively. Of these amounts, $ 36.1 million and $ 35.5 million , respectively, relate to remediation of sites previously disposed of by the Company. Asbestos-Related 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 have been filed against either Ingersoll-Rand Company or Trane U.S. Inc. (Trane) and generally allege injury caused by exposure to asbestos contained in certain historical products sold by Ingersoll-Rand Company or Trane, primarily pumps, boilers and railroad brake shoes. Neither Ingersoll-Rand Company nor Trane was a producer or manufacturer of asbestos. The Company engages an outside expert to assist in calculating an estimate of the Company’s total liability for pending and unasserted future asbestos-related claims and annually performs a detailed analysis with the assistance of an outside expert to update its estimated asbestos-related liability. The methodology used to project the Company’s total liability for pending and unasserted potential future asbestos-related claims relied upon and included the following factors, among others: • the outside expert’s interpretation of a widely accepted forecast of the population likely to have been occupationally exposed to asbestos; • epidemiological studies estimating the number of people likely to develop asbestos-related diseases such as mesothelioma and lung cancer; • the Company’s historical experience with the filing of non-malignancy claims and claims alleging other types of malignant diseases filed against the Company relative to the number of lung cancer claims filed against the Company; • the outside expert’s analysis of the number of people likely to file an asbestos-related personal injury claim against the Company based on such epidemiological and historical data and the Company’s most recent three-year claims history; • an analysis of the Company’s pending cases, by type of disease claimed and by year filed; • an analysis of the Company’s most recent three-year history to determine the average settlement and resolution value of claims, by type of disease claimed; • an adjustment for inflation in the future average settlement value of claims, at a 2.5% annual inflation rate, adjusted downward to 1.5% to take account of the declining value of claims resulting from the aging of the claimant population; and • an analysis of the period over which the Company has and is likely to resolve asbestos-related claims against it in the future. At March 31, 2016 and December 31, 2015 , over 80 percent of the open claims against the Company are non-malignancy or unspecified disease claims, many of which have been placed on inactive or deferral dockets and the vast majority of which have little or no settlement value against the Company, particularly in light of recent changes in the legal and judicial treatment of such claims. The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries were included in the following balance sheet accounts: In millions March 31, December 31, Accrued expenses and other current liabilities $ 66.4 $ 65.7 Other noncurrent liabilities 621.1 648.0 Total asbestos-related liabilities $ 687.5 $ 713.7 Other current assets $ 86.7 $ 51.3 Other noncurrent assets 252.9 264.3 Total asset for probable asbestos-related insurance recoveries $ 339.6 $ 315.6 The Company's asbestos insurance receivable related to Ingersoll-Rand Company and Trane was $ 190.9 million and $ 148.7 million at March 31, 2016 , respectively, and $ 166.4 million and $ 149.2 million at December 31, 2015 , respectively. The (costs) income associated with the settlement and defense of asbestos-related claims after insurance recoveries for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Continuing operations $ 1.9 $ 1.3 Discontinued operations 24.0 (1.3 ) Total $ 25.9 $ — Income and expense associated with Ingersoll-Rand Company's asbestos liabilities and corresponding insurance recoveries are recorded within discontinued operations, as they relate to previously divested businesses, primarily Ingersoll-Dresser Pump, which was sold in 2000. Income and expenses associated with Trane’s asbestos liabilities and corresponding insurance recoveries are recorded within Other income/(expense), net as part of continuing operations. During the first quarter of 2016, the Company reached a settlement with insurance carriers related to Ingersoll-Rand Company asbestos matters. The receivable attributable to Trane for probable insurance recoveries as of March 31, 2016 is entirely supported by settlement agreements between Trane and the respective insurance carriers. Most of these settlement agreements constitute “coverage-in-place” arrangements, in which the insurer signatories agree to reimburse Trane for specified portions of its costs for asbestos bodily injury claims and Trane agrees to certain claims-handling protocols and grants to the insurer signatories certain releases and indemnifications. In 2012 and 2013, Ingersoll-Rand Company filed actions in the Superior Court of New Jersey, Middlesex County, seeking a declaratory judgment and other relief regarding the Company’s rights to defense and indemnity for asbestos claims. The defendants were several dozen solvent insurance companies, including companies that had been paying a portion of Ingersoll-Rand Company’s asbestos claim defense and indemnity costs. The responding defendants generally challenged the Company’s right to recovery, and raised various coverage defenses. Since filing the actions, Ingersoll-Rand Company has settled with half of the insurer defendants, and has dismissed one of the actions in its entirety. The Company continually monitors the status of pending litigation that could impact the allocation of asbestos claims against the Company's various insurance policies. The Company has concluded that its Ingersoll-Rand Company insurance receivable is probable of recovery because of the following factors: • Ingersoll-Rand Company has reached favorable settlements regarding asbestos coverage claims for the majority of its recorded asbestos-related insurance receivable; • a review of other companies in circumstances comparable to Ingersoll-Rand Company, including Trane, and the success of other companies in recovering under their insurance policies, including Trane's favorable settlements referenced above; • the Company's confidence in its right to recovery under the terms of its policies and pursuant to applicable law; and • the Company's history of receiving payments under the Ingersoll-Rand Company insurance program, including under policies that had been the subject of prior litigation. The amounts recorded by the Company for asbestos-related liabilities and insurance-related assets are based on currently available information. The Company’s actual liabilities or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the calculations vary significantly from actual results. Key variables in these assumptions include the number and type of new claims to be filed each year, the average cost of resolution of each such new claim, the resolution of coverage issues with insurance carriers, and the solvency risk with respect to the Company’s insurance carriers. Furthermore, predictions with respect to these variables are subject to greater uncertainty as the projection period lengthens. Other factors that may affect the Company’s liability include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation. The aggregate amount of the stated limits in insurance policies available to the Company for asbestos-related claims acquired over many years and from many different carriers, is substantial. However, limitations in that coverage, primarily due to the considerations described above, are expected to result in the projected total liability to claimants substantially exceeding the probable insurance recovery. Warranty Liability Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The changes in the standard product warranty liability for the three months ended March 31 were as follows: In millions 2016 2015 Balance at beginning of period $ 262.0 $ 253.6 Reductions for payments (23.4 ) (30.1 ) Accruals for warranties issued during the current period 25.1 21.5 Accruals for warranties assumed from acquisitions during the current period — 9.7 Changes to accruals related to preexisting warranties 0.6 7.6 Translation 1.8 (4.2 ) Balance at end of period $ 266.1 $ 258.1 Standard product warranty liabilities are classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on their expected term. The Company's total current standard product warranty reserve at March 31, 2016 and December 31, 2015 was $ 155.7 million and $ 152.6 million , respectively. The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Net revenues on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. The changes in the extended warranty liability for the three months ended March 31 were as follows: In millions 2016 2015 Balance at beginning of period $ 311.6 $ 330.1 Amortization of deferred revenue for the period (24.2 ) (24.9 ) Additions for extended warranties issued during the period 19.4 19.4 Changes to accruals related to preexisting warranties (1.0 ) 0.8 Translation 1.0 (1.7 ) Balance at end of period $ 306.8 $ 323.7 The extended warranty liability is classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on the timing of when the deferred revenue is expected to be amortized into revenue. The Company's total current extended warranty liability at March 31, 2016 and December 31, 2015 was $ 96.0 million and $ 97.5 million , respectively. For the three months ended March 31, 2016 and 2015 , the Company incurred costs of $ 12.5 million and $ 11.9 million , respectively, related to extended warranties. Other Commitments and Contingencies Trane has commitments and performance guarantees, including energy savings guarantees, totaling $ 416.2 million extending from 2016-2036. These guarantees are provided under long-term service and maintenance contracts related to its air conditioning equipment and system controls. Through March 31, 2016 , the Company has experienced no significant losses under such arrangements and considers the probability of any significant future losses to be remote.

Guarantor Financial Information

Guarantor Financial Information	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Guarantor Financial Information	Guarantor Financial Information Ingersoll-Rand plc (Plc or Parent Company) and certain of its 100% directly or indirectly owned subsidiaries provide guarantees of public debt issued by other 100% directly or indirectly owned subsidiaries. The following condensed consolidating financial information is provided so that separate financial statements of these subsidiary issuer and guarantors are not required to be filed with the U.S. Securities and Exchange Commission. The following table shows the Company’s guarantor relationships as of March 31, 2016 : Parent, issuer or guarantors Notes issued Notes guaranteed (3) Ingersoll-Rand plc (Plc) None All registered notes and debentures Ingersoll-Rand International Holding Limited (International Holding) None All registered notes and debentures Ingersoll-Rand Lux International Holding Company S.à.r.l. (Lux International) None All notes issued by Global Holding and Lux Finance (1) Ingersoll-Rand Global Holding Company Limited (Global Holding) 6.875% Senior notes due 2018 (2) 2.875% Senior notes due 2019 (2) 4.250% Senior notes due 2023 (2) 5.750% Senior notes due 2043 (2) All notes issued by Lux Finance Ingersoll-Rand Company (New Jersey) 9.000% Debentures due 2021 7.200% Debentures due 2016-2025 6.48% Debentures due 2025 Puttable debentures due 2027-2028 All notes issued by Global and Lux Finance Ingersoll-Rand Luxembourg Finance S.A. (Lux Finance) 2.625% Notes due 2020 3.55% Notes due 2024 4.650% Notes due 2044 All notes and debentures issued by Global and New Jersey (1) In the fourth quarter of 2015, Lux International was added as a guarantor of notes previously issued by Global Holding and Lux Finance (2) In 2013, New Jersey was added as a co-obligor of notes previously issued by Global Holding (3) All subsidiary issuers and guarantors provide irrevocable guarantees of borrowings, if any, made under revolving credit facilities. Each subsidiary debt issuer and guarantor is owned 100% directly or indirectly by the Parent Company. Each guarantee is full and unconditional, and provided on a joint and several basis. There are no significant restrictions of the Parent Company, or any guarantor, to obtain funds from its subsidiaries, such as provisions in debt agreements that prohibit dividend payments, loans or advances to the parent by a subsidiary. Basis of presentation The following Condensed Consolidating Financial Statements present the financial position, results of operations and cash flows of each issuer or guarantor on a legal entity basis. The financial information for all periods has been presented based on the Company’s legal entity ownerships and guarantees outstanding at March 31, 2016 . Assets and liabilities are attributed to each issuer and guarantor generally based on legal entity ownership. Investments in subsidiaries of the Parent Company, subsidiary guarantors and issuers represent the proportionate share of their subsidiaries’ net assets. Certain adjustments are needed to consolidate the Parent Company and its subsidiaries, including the elimination of investments in subsidiaries and related activity that occurs between entities in different columns. These adjustments are presented in the Consolidating Adjustments column. This basis of presentation is intended to comply with the specific reporting requirements for subsidiary issuers and guarantors, and is not intended to present the Company’s financial position or results of operations or cash flows for any other purpose. Revisions of prior year financial information to correct the presentation of intercompany activity The Condensed Consolidating Statement of Comprehensive Income and Condensed Consolidating Statement of Cash Flows for the three months ended March 31, 2015 and the Condensed Consolidating Balance Sheet as of December 31, 2015 were revised in the current period to correct the presentation of certain intercompany activity. The adjustments to the December 31, 2015 balance sheet resulted in increases (decreases) to Investments in consolidated subsidiaries of ($123.5) million on International Holding, $ 418.6 million on Lux International, $ 410.6 million on Global Holding and $ 117.7 million on New Jersey, with offsetting effects in Equity . These adjustments had no effect on Consolidated amounts as they were offset by Consolidating Adjustments. The Company assessed the materiality of these revisions on previously issued financial statements and concluded that the revisions were not material to the Consolidated Financial Statements taken as a whole. Condensed Consolidating Statement of Comprehensive Income For the three months ended March 31, 2016 In millions Plc International Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 316.5 $ — $ 2,666.8 $ (89.2 ) $ 2,894.1 Cost of goods sold — — — — (242.1 ) — (1,894.1 ) 89.2 (2,047.0 ) Selling and administrative expenses (1.5 ) — — — (132.6 ) (0.2 ) (495.5 ) — (629.8 ) Operating income (loss) (1.5 ) — — — (58.2 ) (0.2 ) 277.2 — 217.3 Equity earnings (loss) in subsidiaries, net of tax 167.6 146.7 156.5 41.2 106.8 22.5 — (641.3 ) — Interest expense — — — (31.9 ) (12.1 ) (11.2 ) (1.5 ) — (56.7 ) Intercompany interest and fees (14.0 ) (1.6 ) (10.1 ) (36.9 ) (71.6 ) (1.3 ) 135.5 — — Other income/(expense), net 0.1 — — — (1.6 ) — 11.5 — 10.0 Earnings (loss) before income taxes 152.2 145.1 146.4 (27.6 ) (36.7 ) 9.8 422.7 (641.3 ) 170.6 Benefit (provision) for income taxes 0.2 0.2 — 25.0 53.0 — (120.3 ) — (41.9 ) Earnings (loss) from continuing operations 152.4 145.3 146.4 (2.6 ) 16.3 9.8 302.4 (641.3 ) 128.7 Gain (loss) from discontinued operations, net of tax — — — — 25.1 — 1.8 — 26.9 Net earnings (loss) 152.4 145.3 146.4 (2.6 ) 41.4 9.8 304.2 (641.3 ) 155.6 Less net earnings attributable to noncontrolling interests — — — — — — (3.2 ) — (3.2 ) Net earnings attributable to Ingersoll-Rand plc $ 152.4 $ 145.3 $ 146.4 $ (2.6 ) $ 41.4 $ 9.8 $ 301.0 $ (641.3 ) $ 152.4 Other comprehensive loss, net of tax 142.0 135.5 135.4 56.6 56.5 6.3 130.9 (521.2 ) 142.0 Comprehensive income attributable to Ingersoll-Rand plc $ 294.4 $ 280.8 $ 281.8 $ 54.0 $ 97.9 $ 16.1 $ 431.9 $ (1,162.5 ) $ 294.4 Condensed Consolidating Statement of Comprehensive Income For the three months ended March 31, 2015 in millions Plc International Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 344.7 $ — $ 2,639.5 $ (96.4 ) $ 2,887.8 Cost of goods sold — — — — (254.0 ) — (1,929.1 ) 96.4 (2,086.7 ) Selling and administrative expenses (1.8 ) — — (0.1 ) (106.5 ) (0.3 ) (521.3 ) — (630.0 ) Operating income (loss) (1.8 ) — — (0.1 ) (15.8 ) (0.3 ) 189.1 — 171.1 Equity earnings (loss) in subsidiaries, net of tax 57.6 44.7 49.6 (10.7 ) 64.6 12.5 — (218.3 ) — Interest expense — — — (31.9 ) (12.1 ) (10.2 ) (0.9 ) — (55.1 ) Intercompany interest and fees (5.7 ) (2.3 ) (5.2 ) (6.8 ) (62.4 ) (0.4 ) 82.8 — — Other income/(expense), net 1.0 — — — 1.3 — (28.7 ) — (26.4 ) Earnings (loss) before income taxes 51.1 42.4 44.4 (49.5 ) (24.4 ) 1.6 242.3 (218.3 ) 89.6 Benefit (provision) for income taxes 0.2 — — 14.1 22.7 — (63.9 ) — (26.9 ) Earnings (loss) from continuing operations 51.3 42.4 44.4 (35.4 ) (1.7 ) 1.6 178.4 (218.3 ) 62.7 Gain (loss) from discontinued operations, net of tax — — — — (9.1 ) — 1.8 — (7.3 ) Net earnings (loss) 51.3 42.4 44.4 (35.4 ) (10.8 ) 1.6 180.2 (218.3 ) 55.4 Less net earnings attributable to noncontrolling interests — — — — — — (4.1 ) — (4.1 ) Net earnings attributable to Ingersoll-Rand plc $ 51.3 $ 42.4 $ 44.4 $ (35.4 ) $ (10.8 ) $ 1.6 $ 176.1 $ (218.3 ) $ 51.3 Other comprehensive loss, net of tax (280.3 ) (263.8 ) (263.8 ) (4.7 ) (4.8 ) (30.8 ) (253.5 ) 821.4 (280.3 ) Comprehensive income attributable to Ingersoll-Rand plc $ (229.0 ) $ (221.4 ) $ (219.4 ) $ (40.1 ) $ (15.6 ) $ (29.2 ) $ (77.4 ) $ 603.1 $ (229.0 ) Condensed Consolidating Balance Sheet March 31, 2016 In millions Plc International Lux International Global New Lux Other Consolidating ASSETS Current assets: Cash and cash equivalents $ — $ — $ — $ 0.4 $ — $ 0.1 $ 612.4 $ — $ 612.9 Accounts and notes receivable, net — — — — 156.3 — 1,998.8 — 2,155.1 Inventories — — — — 209.1 — 1,403.6 — 1,612.7 Other current assets 0.4 — — 6.5 166.6 — 263.9 (5.2 ) 432.2 Intercompany receivables 117.3 19,535.7 6.4 478.9 2,621.4 — 15,387.8 (38,147.5 ) — Total current assets 117.7 19,535.7 6.4 485.8 3,153.4 0.1 19,666.5 (38,152.7 ) 4,812.9 Property, plant and equipment, net — — — — 466.9 — 1,115.3 — 1,582.2 Goodwill and other intangible assets, net — — — — 410.5 — 9,277.0 — 9,687.5 Other assets, net 0.2 — — 308.5 755.6 — 579.6 (774.0 ) 869.9 Investments in consolidated subsidiaries 10,660.8 — 14,299.1 6,519.8 14,030.6 1,739.0 — (47,249.3 ) — Intercompany notes receivable — — — — — — 3,851.8 (3,851.8 ) — Total assets $ 10,778.7 $ 19,535.7 $ 14,305.5 $ 7,314.1 $ 18,817.0 $ 1,739.1 $ 34,490.2 $ (90,027.8 ) $ 16,952.5 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued expenses $ 7.3 $ — $ 0.2 $ 26.0 $ 570.7 $ 16.3 $ 2,556.8 $ (5.2 ) $ 3,172.1 Short-term borrowings and current maturities of long-term debt — — — — 350.4 397.0 10.6 — 758.0 Intercompany payables 4,978.5 — 23,542.3 1,056.9 7,696.8 493.9 379.1 (38,147.5 ) — Total current liabilities 4,985.8 — 23,542.5 1,082.9 8,617.9 907.2 2,946.5 (38,152.7 ) 3,930.1 Long-term debt — — — 2,285.0 341.7 1,087.2 0.7 — 3,714.6 Other noncurrent liabilities — 3.8 — 8.4 1,321.0 — 2,896.0 (774.1 ) 3,455.1 Intercompany notes payable — — — 1,817.2 2,034.6 — — (3,851.8 ) — Total liabilities 4,985.8 3.8 23,542.5 5,193.5 12,315.2 1,994.4 5,843.2 (42,778.6 ) 11,099.8 Equity: Total equity 5,792.9 19,531.9 (9,237.0 ) 2,120.6 6,501.8 (255.3 ) 28,647.0 (47,249.2 ) 5,852.7 Total liabilities and equity $ 10,778.7 $ 19,535.7 $ 14,305.5 $ 7,314.1 $ 18,817.0 $ 1,739.1 $ 34,490.2 $ (90,027.8 ) $ 16,952.5 Condensed Consolidating Balance Sheet December 31, 2015 In millions Plc International Lux International Global New Lux Other Consolidating ASSETS Current assets: Cash and cash equivalents $ — $ — $ — $ 11.4 $ — $ 0.1 $ 725.3 $ — $ 736.8 Accounts and notes receivable, net — — — — 160.7 — 1,989.9 — 2,150.6 Inventories — — — — 192.0 — 1,218.7 — 1,410.7 Other current assets 0.1 — — 6.4 83.3 — 237.5 (16.0 ) 311.3 Intercompany receivables 136.8 20,103.6 3.3 102.2 1,413.9 — 15,933.5 (37,693.3 ) — Total current assets 136.9 20,103.6 3.3 120.0 1,849.9 0.1 20,104.9 (37,709.3 ) 4,609.4 Property, plant and equipment, net — — — — 463.0 — 1,112.1 — 1,575.1 Goodwill and other intangible assets, net — — — — 412.9 — 9,243.4 — 9,656.3 Other assets, net 0.2 — — 283.8 733.4 — 568.4 (709.0 ) 876.8 Investments in consolidated subsidiaries 10,139.0 — 13,980.5 6,396.2 13,883.9 1,708.7 — (46,108.3 ) — Intercompany notes receivable — — — — — — 2,876.7 (2,876.7 ) — Total assets $ 10,276.1 $ 20,103.6 $ 13,983.8 $ 6,800.0 $ 17,343.1 $ 1,708.8 $ 33,905.5 $ (87,403.3 ) $ 16,717.6 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued expenses 7.1 — 0.1 30.7 599.2 6.3 2,516.7 (15.9 ) 3,144.2 Short-term borrowings and current maturities of long-term debt — — — — 350.4 143.0 10.8 — 504.2 Intercompany payables 4,452.3 753.1 23,528.9 1,997.8 5,858.2 745.5 357.6 (37,693.4 ) — Total current liabilities 4,459.4 753.1 23,529.0 2,028.5 6,807.8 894.8 2,885.1 (37,709.3 ) 3,648.4 Long-term debt — — — 2,284.4 341.6 1,086.9 0.7 — 3,713.6 Other noncurrent liabilities — 3.8 — 8.3 1,367.9 — 2,805.3 (708.9 ) 3,476.4 Intercompany notes payable — — — 429.0 2,447.7 — — (2,876.7 ) — Total liabilities 4,459.4 756.9 23,529.0 4,750.2 10,965.0 1,981.7 5,691.1 (41,294.9 ) 10,838.4 Equity: Total equity 5,816.7 19,346.7 (9,545.2 ) 2,049.8 6,378.1 (272.9 ) 28,214.4 (46,108.4 ) 5,879.2 Total liabilities and equity $ 10,276.1 $ 20,103.6 $ 13,983.8 $ 6,800.0 $ 17,343.1 $ 1,708.8 $ 33,905.5 $ (87,403.3 ) $ 16,717.6 Condensed Consolidating Statement of Cash Flows For the three months ended March 31, 2016 in millions Plc International Lux International Global New Lux Other Consolidating CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) continuing operating activities $ 12.9 $ — $ (0.1 ) $ (67.6 ) $ (11.7 ) $ (1.0 ) $ 60.3 $ 1.9 $ (5.3 ) Net cash provided by (used in) discontinued operating activities — — — — (4.7 ) — — (2.0 ) (6.7 ) Net cash provided by (used in) operating activities 12.9 — (0.1 ) (67.6 ) (16.4 ) (1.0 ) 60.3 (0.1 ) (12.0 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — — — (18.2 ) — (21.9 ) — (40.1 ) Intercompany investing activities, net — 754.8 (3.3 ) (381.5 ) 65.7 — 269.2 (704.9 ) — Net cash provided by (used in) investing activities — 754.8 (3.3 ) (381.5 ) 47.5 — 247.3 (704.9 ) (40.1 ) CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds from debt — — — — — 254.0 — — 254.0 Debt issuance costs — — — (2.1 ) — — — — (2.1 ) Dividends paid to ordinary shareholders (82.2 ) — — — — — — — (82.2 ) Dividends paid to noncontrolling interests — — — — — — (6.7 ) — (6.7 ) Repurchase of ordinary shares (250.1 ) — — — — — — — (250.1 ) Other financing activities, net (6.7 ) — — — — — — — (6.7 ) Intercompany financing activities, net 326.1 (754.8 ) 3.4 440.2 (31.1 ) (253.0 ) (435.8 ) 705.0 — Net cash provided by (used in) financing activities (12.9 ) (754.8 ) 3.4 438.1 (31.1 ) 1.0 (442.5 ) 705.0 (93.8 ) Effect of exchange rate changes on cash and cash equivalents — — — — — — 22.0 — 22.0 Net increase (decrease) in cash and cash equivalents — — — (11.0 ) — — (112.9 ) — (123.9 ) Cash and cash equivalents - beginning of period — — — 11.4 — 0.1 725.3 — 736.8 Cash and cash equivalents - end of period $ — $ — $ — $ 0.4 $ — $ 0.1 $ 612.4 $ — $ 612.9 Condensed Consolidating Statement of Cash Flows For the three months ended March 31, 2015 in millions Plc International Lux International Global New Lux Other Consolidating CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) continuing operating activities $ 2.6 $ — $ (0.2 ) $ (32.0 ) $ (281.4 ) $ (1.6 ) $ 197.4 $ — $ (115.2 ) Net cash provided by (used in) discontinued operating activities — — — — (9.1 ) — (0.9 ) — $ (10.0 ) Net cash provided by (used in) operating activities 2.6 — (0.2 ) (32.0 ) (290.5 ) (1.6 ) 196.5 — (125.2 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — — — (28.3 ) — (27.4 ) — (55.7 ) Acquisition of businesses, net of cash acquired — — — — (448.1 ) — (493.6 ) — (941.7 ) Proceeds from sale of property, plant and equipment — — — — — — 4.0 — 4.0 Intercompany investing activities, net — — (0.2 ) (3.6 ) — (228.0 ) (322.3 ) 554.1 — Net cash provided by (used in) investing activities — — (0.2 ) (3.6 ) (476.4 ) (228.0 ) (839.3 ) 554.1 (993.4 ) CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds from (repayments of) debt — — — 194.9 — 140.5 (24.3 ) — 311.1 Dividends paid to ordinary shareholders (73.8 ) — — — — — — — (73.8 ) Other financing activities, net 19.5 — — — — — — — 19.5 Intercompany financing activities, net 51.7 — (0.7 ) (159.3 ) 341.5 89.2 231.7 (554.1 ) — Net cash provided by (used in) financing activities (2.6 ) — (0.7 ) 35.6 341.5 229.7 207.4 (554.1 ) 256.8 Effect of exchange rate changes on cash and cash equivalents — — — — — — (109.5 ) — (109.5 ) Net increase (decrease) in cash and cash equivalents — — (1.1 ) — (425.4 ) 0.1 (544.9 ) — (971.3 ) Cash and cash equivalents - beginning of period — — 1.1 — 425.4 — 1,278.7 — 1,705.2 Cash and cash equivalents - end of period $ — $ — $ — $ — $ — $ 0.1 $ 733.8 $ — $ 733.9

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events On December 21, 2015, the Company announced it would sell its remaining equity interest in Hussmann as part of a transaction in which Panasonic Corporation would acquire 100 percent of Hussmann's outstanding shares. The transaction, which was anticipated to close during the second quarter of 2016, was completed on April 1, 2016. The Company received net proceeds of approximately $ 415 million for its interests. Pursuant to the terms of the agreement, the Company has the right to receive additional consideration once customary post-closing adjustments are finalized. The Company does not expect these adjustments to be material.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory, Net [Abstract]
MajorClassesOfInventory [Table Text Block]	The major classes of inventory were as follows: In millions March 31, December 31, Raw materials $ 513.0 $ 514.9 Work-in-process 186.7 131.0 Finished goods 973.3 825.7 1,673.0 1,471.6 LIFO reserve (60.3 ) (60.9 ) Total $ 1,612.7 $ 1,410.7

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill Abstract
Changes in Goodwill Carrying Amounts	The changes in the carrying amount of goodwill for the three months ended March 31, 2016 were as follows: In millions Climate Industrial Total Net balance as of December 31, 2015 $ 4,952.6 $ 777.6 $ 5,730.2 Currency translation 45.9 8.3 54.2 Net balance as of March 31, 2016 $ 4,998.5 $ 785.9 $ 5,784.4 The net goodwill balances at March 31, 2016 and December 31, 2015 include $ 2,496.0 million

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Intangible Assets Abstract
Schedule of Intangible Asset Net of Goodwill	The gross amount of the Company’s intangible assets and related accumulated amortization were as follows: March 31, 2016 December 31, 2015 In millions Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Completed technologies/patents $ 216.5 $ (171.7 ) $ 44.8 $ 214.9 $ (168.7 ) $ 46.2 Customer relationships 2,029.3 (843.9 ) 1,185.4 2,019.8 (811.5 ) 1,208.3 Other 65.0 (47.5 ) 17.5 63.5 (45.7 ) 17.8 Total finite-lived intangible assets 2,310.8 (1,063.1 ) 1,247.7 2,298.2 (1,025.9 ) 1,272.3 Trademarks (indefinite-lived) 2,655.4 — 2,655.4 2,653.8 — 2,653.8 Total $ 4,966.2 $ (1,063.1 ) $ 3,903.1 $ 4,952.0 $ (1,025.9 ) $ 3,926.1

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Credit Facilities
Short-Term Borrowings and Current Maturities of Long-Term Debt	Short-term borrowings and current maturities of long-term debt consisted of the following: In millions March 31, December 31, Debentures with put feature $ 343.0 $ 343.0 Commercial Paper 397.0 143.0 Other current maturities of long-term debt 7.8 7.8 Short-term borrowings 10.2 10.4 Total $ 758.0 $ 504.2
Long-Term Debt Excluding Current Maturities	Long-term debt , excluding current maturities, consisted of the following: In millions March 31, December 31, 6.875% Senior notes due 2018 $ 748.1 $ 748.0 2.875% Senior notes due 2019 348.3 348.1 2.625% Senior notes due 2020 298.1 298.0 9.000% Debentures due 2021 124.8 124.8 4.250% Senior notes due 2023 695.2 695.0 7.200% Debentures due 2016-2025 67.2 67.1 3.550% Senior notes due 2024 493.9 493.7 6.480% Debentures due 2025 149.7 149.7 5.750% Senior notes due 2043 493.4 493.4 4.650% Senior notes due 2044 295.2 295.2 Other loans and notes 0.7 0.6 Subtotal 3,714.6 3,713.6

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Financial Instruments Abstract
Schedule Of Derivatives Designated As Hedges Affecting Condensed Consolidated Income Statement And Accumulated Other Comprehensive Income [Text Block]	The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the three months ended March 31 : Amount of gain Location of gain (loss) reclassified from Amount of gain (loss) In millions 2016 2015 2016 2015 Currency derivatives designated as hedges $ 2.0 $ 1.5 Cost of goods sold $ 0.7 $ (0.7 ) Interest rate swaps & locks — — Interest expense (0.1 ) (0.1 ) Total $ 2.0 $ 1.5 $ 0.6 $ (0.8 ) The following table represents the amounts associated with derivatives designated as hedges affecting the Condensed Consolidated Income Statement and AOCI for the three months ended March 31 : Amount of gain (loss) Location of loss reclassified from Amount of loss In millions 2016 2015 2016 2015 Currency derivatives designated as hedges $ 2.0 $ 1.5 Cost of goods sold $ 0.7 $ (0.4 ) Currency derivatives - discontinued — — Discontinued operations — — Interest rate swaps & locks — — Interest expense (0.1 ) (0.4 ) Total $ 2.0 $ 1.5 $ 0.6 $ (0.8 )
Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges	The following table represents the amounts associated with derivatives not designated as hedges affecting Net earnings for the three months ended March 31 : Location of gain Amount of gain In millions 2016 2015 Currency derivatives not designated as hedges Other income/(expense), net $ 26.2 $ 32.3 Total $ 26.2 $ 32.3 The following table represents the amounts associated with derivatives not designated as hedges affecting the Condensed Consolidated Income Statement for the three months ended March 31 : Location of gain (loss) Amount of gain (loss) In millions 2016 2015 Currency derivatives not designated as hedges Other income/(expense), net $ 26.2 $ 32.3 Total $ 26.2 $ 32.3 Other Derivative Instruments The Company has utilized forward-starting interest rate swaps and interest rate locks to manage interest rate exposure in periods prior to the anticipated issuance of fixed-rate debt. These instruments have been designated as cash flow hedges and have a notional amount of $ 1.3 billion at March 31, 2016 and December 31, 2015 , respectively.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 : In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 25.5 $ — $ 25.5 $ — Liabilities: Derivative instruments $ 2.2 $ — $ 2.2 $ —	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 : In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 5.0 $ — $ 5.0 $ — Liabilities: Derivative instruments $ 12.6 $ — $ 12.6 $ —

Pensions and Postretirement B30

Pensions and Postretirement Benefits Other than Pensions (Tables)	3 Months Ended
	Mar. 31, 2016
Pension Plan, Defined Benefit [Member]
Schedule of Net Periodic Benefit Cost	The components of the Company’s net periodic pension benefit cost for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Service cost $ 18.2 $ 18.9 Interest cost 28.4 32.6 Expected return on plan assets (36.1 ) (39.6 ) Net amortization of: Prior service costs 1.2 0.8 Plan net actuarial losses 15.2 15.4 Net periodic pension benefit cost $ 26.9 $ 28.1 Amounts recorded in continuing operations $ 24.4 $ 25.5 Amounts recorded in discontinued operations 2.5 2.6 Total $ 26.9 $ 28.1
Other Postretirement Benefit Plan, Defined Benefit [Member]
Schedule of Net Periodic Benefit Cost	The components of net periodic postretirement benefit cost for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Service cost $ 0.9 $ 1.0 Interest cost 4.5 6.0 Net amortization of: Prior service gains (2.2 ) (2.2 ) Net actuarial losses — 0.1 Net periodic postretirement benefit cost $ 3.2 $ 4.9 Amounts recorded in continuing operations $ 2.1 $ 3.0 Amounts recorded in discontinued operations 1.1 1.9 Total $ 3.2 $ 4.9

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Reconciliation of Ordinary Shares	Changes in ordinary shares and treasury shares for the three months ended March 31, 2016 are as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2015 269.0 7.8 Shares issued under incentive plans, net 1.0 — Repurchase of ordinary shares — 4.9 March 31, 2016 270.0 12.7
Components Of Shareholders Equity Rollforward	The components of Equity for the three months ended March 31, 2016 were as follows: In millions Shareholders’ Noncontrolling Total Balance at December 31, 2015 $ 5,816.7 $ 62.5 $ 5,879.2 Net earnings 152.4 3.2 155.6 Currency translation 130.5 0.9 131.4 Derivatives qualifying as cash flow hedges, net of tax 1.1 — 1.1 Pension and OPEB adjustments, net of tax 10.4 — 10.4 Total comprehensive income (loss) 294.4 4.1 298.5 Share-based compensation 21.9 — 21.9 Dividends declared to noncontrolling interests — (6.7 ) (6.7 ) Dividends declared to ordinary shareholders (82.2 ) — (82.2 ) Shares issued under incentive plans, net of tax benefit (6.7 ) — (6.7 ) Repurchase of ordinary shares (250.1 ) — (250.1 ) Other items, net (1.2 ) — (1.2 ) Balance at March 31, 2016 $ 5,792.8 $ 59.9 $ 5,852.7 The components of Equity for the three months ended March 31, 2015 were as follows: In millions Shareholders’ Noncontrolling Total Balance at December 31, 2014 $ 5,987.4 $ 58.0 $ 6,045.4 Net earnings 51.3 4.1 55.4 Currency translation (305.2 ) 0.2 (305.0 ) Derivatives qualifying as cash flow hedges, net of tax 2.9 — 2.9 Pension and OPEB adjustments, net of tax 22.0 — 22.0 Total comprehensive income (loss) (229.0 ) 4.3 (224.7 ) Share-based compensation 22.9 — 22.9 Dividends declared to noncontrolling interests — — — Dividends declared to ordinary shareholders (76.6 ) — (76.6 ) Shares issued under incentive plans, net of tax benefit 19.5 — 19.5 Balance at March 31, 2015 $ 5,724.2 $ 62.3 $ 5,786.5
Schedule of Accumulated Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2016 are as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Items Total Balance at December 31, 2015 $ 5.1 $ (630.4 ) $ (495.6 ) $ (1,120.9 ) Other comprehensive income before reclassifications 2.0 0.7 130.5 133.2 Amounts reclassified from AOCI (0.6 ) 14.2 — 13.6 Provision for income taxes (0.3 ) (4.5 ) — (4.8 ) Net current period other comprehensive income (loss) $ 1.1 $ 10.4 $ 130.5 $ 142.0 Balance at March 31, 2016 $ 6.2 $ (620.0 ) $ (365.1 ) $ (978.9 ) The changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2015 are as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Items Total Balance at December 31, 2014 $ 3.1 $ (665.1 ) $ (52.3 ) $ (714.3 ) Other comprehensive income before reclassifications 1.5 14.4 (305.2 ) (289.3 ) Amounts reclassified from AOCI 0.8 14.1 — 14.9 Provision for income taxes 0.6 (6.5 ) — (5.9 ) Net current period other comprehensive income (loss) $ 2.9 $ 22.0 $ (305.2 ) $ (280.3 ) Balance at March 31, 2015 $ 6.0 $ (643.1 ) $ (357.5 ) $ (994.6 )
Equity	i The reclassifications out of Accumulated other comprehensive income (loss) for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Derivative Instruments Reclassifications of deferred (gains) losses (1) $ (0.6 ) $ 0.8 Provision (benefit) for income taxes — (0.2 ) Reclassifications, net of taxes $ (0.6 ) $ 0.6 Pension and Postretirement benefits Amortization of service costs (2) $ (1.0 ) $ (1.4 ) Amortization of actuarial losses (2) 15.2 15.5 Provision for (benefit from) for income taxes (4.5 ) (6.5 ) Reclassifications, net of taxes $ 9.7 $ 7.6 Total reclassifications, net of taxes $ 9.1 $ 8.2 (1) Reclassifications of interest rate swaps and locks are reflected within Interest expense ; reclassifications of foreign exchange swaps are reflected in Cost of goods sold . (2) Reclassifications of pension and postretirement amounts are included in periodic pension costs and periodic benefit costs.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Share-Based Compensation Expense	The expense recognized for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Stock options $ 7.5 $ 6.7 RSUs 9.5 9.0 Performance shares 4.5 7.6 Other 1.8 1.2 Pre-tax expense 23.3 24.5 Tax benefit (8.9 ) (9.4 ) After-tax expense $ 14.4 $ 15.1
Grants of Stock Options and RSUs	Grants issued during the three months ended March 31 were as follows: 2016 2015 Number granted Weighted- average fair value per award Number granted Weighted- average fair value per award Stock options 1,958,476 $ 9.42 1,314,045 $ 14.15 RSUs 457,351 $ 50.31 373,192 $ 66.64
Average fair value of stock options, assumptions	The following assumptions were used during the three months ended March 31 : 2016 2015 Dividend yield 2.55 % 1.73 % Volatility 28.60 % 28.56 % Risk-free rate of return 1.12 % 1.24 % Expected life in years 4.8 4.9

Other, Net (Tables)

Other, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Other Net [Abstract]
Other, Net	The components of Other income/(expense), net for the three months ended March 31 are as follows: Three months ended In millions 2016 2015 Interest income $ 2.0 $ 2.9 Exchange gain (loss) 5.5 (32.4 ) Income (loss) from equity investment (0.8 ) 0.6 Other activity, net 3.3 2.5 Other income/(expense), net $ 10.0 $ (26.4 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations [Abstract]
Summarized Financial Information For Discontinued Operations Text Block [Table Text Block]	The components of Discontinued operations, net of tax for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Net revenues $ — $ — Pre-tax earnings (loss) from discontinued operations $ 21.0 $ (8.8 ) Tax benefit (expense) 5.9 1.5 Discontinued operations, net of tax $ 26.9 $ (7.3 )

Earnings Per Share (EPS) (Table

Earnings Per Share (EPS) (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted Shares	The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations for the three months ended March 31 : Three months ended In millions 2016 2015 Weighted-average number of basic shares 259.4 265.4 Shares issuable under incentive stock plans 1.9 3.1 Weighted-average number of diluted shares 261.3 268.5 Anti-dilutive shares 3.9 2.1

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Summary of Operations by Reportable Segments	A summary of operations by reportable segment for the three months ended March 31 was as follows: Three months ended In millions 2016 2015 Net revenues Climate $ 2,213.5 $ 2,158.5 Industrial 680.6 729.3 Total $ 2,894.1 $ 2,887.8 Segment operating income Climate $ 214.3 $ 150.9 Industrial 62.4 74.8 Total $ 276.7 $ 225.7 Reconciliation to Operating income Unallocated corporate expense (59.4 ) (54.6 ) Operating income $ 217.3 $ 171.1

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Schedule of Asbestos Related Balances	The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries were included in the following balance sheet accounts: In millions March 31, December 31, Accrued expenses and other current liabilities $ 66.4 $ 65.7 Other noncurrent liabilities 621.1 648.0 Total asbestos-related liabilities $ 687.5 $ 713.7 Other current assets $ 86.7 $ 51.3 Other noncurrent assets 252.9 264.3 Total asset for probable asbestos-related insurance recoveries $ 339.6 $ 315.6
Cost Income Asbestos Related Claims After Recoveries	The (costs) income associated with the settlement and defense of asbestos-related claims after insurance recoveries for the three months ended March 31 were as follows: Three months ended In millions 2016 2015 Continuing operations $ 1.9 $ 1.3 Discontinued operations 24.0 (1.3 ) Total $ 25.9 $ —
Schedule of Product Warranty Liability [Table Text Block]	The changes in the standard product warranty liability for the three months ended March 31 were as follows: In millions 2016 2015 Balance at beginning of period $ 262.0 $ 253.6 Reductions for payments (23.4 ) (30.1 ) Accruals for warranties issued during the current period 25.1 21.5 Accruals for warranties assumed from acquisitions during the current period — 9.7 Changes to accruals related to preexisting warranties 0.6 7.6 Translation 1.8 (4.2 ) Balance at end of period $ 266.1 $ 258.1
Extended Warranty [Member]
Schedule of Product Warranty Liability [Table Text Block]	The changes in the extended warranty liability for the three months ended March 31 were as follows: In millions 2016 2015 Balance at beginning of period $ 311.6 $ 330.1 Amortization of deferred revenue for the period (24.2 ) (24.9 ) Additions for extended warranties issued during the period 19.4 19.4 Changes to accruals related to preexisting warranties (1.0 ) 0.8 Translation 1.0 (1.7 ) Balance at end of period $ 306.8 $ 323.7

Guarantor Financial Informati38

Guarantor Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Statement of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income For the three months ended March 31, 2016 In millions Plc International Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 316.5 $ — $ 2,666.8 $ (89.2 ) $ 2,894.1 Cost of goods sold — — — — (242.1 ) — (1,894.1 ) 89.2 (2,047.0 ) Selling and administrative expenses (1.5 ) — — — (132.6 ) (0.2 ) (495.5 ) — (629.8 ) Operating income (loss) (1.5 ) — — — (58.2 ) (0.2 ) 277.2 — 217.3 Equity earnings (loss) in subsidiaries, net of tax 167.6 146.7 156.5 41.2 106.8 22.5 — (641.3 ) — Interest expense — — — (31.9 ) (12.1 ) (11.2 ) (1.5 ) — (56.7 ) Intercompany interest and fees (14.0 ) (1.6 ) (10.1 ) (36.9 ) (71.6 ) (1.3 ) 135.5 — — Other income/(expense), net 0.1 — — — (1.6 ) — 11.5 — 10.0 Earnings (loss) before income taxes 152.2 145.1 146.4 (27.6 ) (36.7 ) 9.8 422.7 (641.3 ) 170.6 Benefit (provision) for income taxes 0.2 0.2 — 25.0 53.0 — (120.3 ) — (41.9 ) Earnings (loss) from continuing operations 152.4 145.3 146.4 (2.6 ) 16.3 9.8 302.4 (641.3 ) 128.7 Gain (loss) from discontinued operations, net of tax — — — — 25.1 — 1.8 — 26.9 Net earnings (loss) 152.4 145.3 146.4 (2.6 ) 41.4 9.8 304.2 (641.3 ) 155.6 Less net earnings attributable to noncontrolling interests — — — — — — (3.2 ) — (3.2 ) Net earnings attributable to Ingersoll-Rand plc $ 152.4 $ 145.3 $ 146.4 $ (2.6 ) $ 41.4 $ 9.8 $ 301.0 $ (641.3 ) $ 152.4 Other comprehensive loss, net of tax 142.0 135.5 135.4 56.6 56.5 6.3 130.9 (521.2 ) 142.0 Comprehensive income attributable to Ingersoll-Rand plc $ 294.4 $ 280.8 $ 281.8 $ 54.0 $ 97.9 $ 16.1 $ 431.9 $ (1,162.5 ) $ 294.4 Condensed Consolidating Statement of Comprehensive Income For the three months ended March 31, 2015 in millions Plc International Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 344.7 $ — $ 2,639.5 $ (96.4 ) $ 2,887.8 Cost of goods sold — — — — (254.0 ) — (1,929.1 ) 96.4 (2,086.7 ) Selling and administrative expenses (1.8 ) — — (0.1 ) (106.5 ) (0.3 ) (521.3 ) — (630.0 ) Operating income (loss) (1.8 ) — — (0.1 ) (15.8 ) (0.3 ) 189.1 — 171.1 Equity earnings (loss) in subsidiaries, net of tax 57.6 44.7 49.6 (10.7 ) 64.6 12.5 — (218.3 ) — Interest expense — — — (31.9 ) (12.1 ) (10.2 ) (0.9 ) — (55.1 ) Intercompany interest and fees (5.7 ) (2.3 ) (5.2 ) (6.8 ) (62.4 ) (0.4 ) 82.8 — — Other income/(expense), net 1.0 — — — 1.3 — (28.7 ) — (26.4 ) Earnings (loss) before income taxes 51.1 42.4 44.4 (49.5 ) (24.4 ) 1.6 242.3 (218.3 ) 89.6 Benefit (provision) for income taxes 0.2 — — 14.1 22.7 — (63.9 ) — (26.9 ) Earnings (loss) from continuing operations 51.3 42.4 44.4 (35.4 ) (1.7 ) 1.6 178.4 (218.3 ) 62.7 Gain (loss) from discontinued operations, net of tax — — — — (9.1 ) — 1.8 — (7.3 ) Net earnings (loss) 51.3 42.4 44.4 (35.4 ) (10.8 ) 1.6 180.2 (218.3 ) 55.4 Less net earnings attributable to noncontrolling interests — — — — — — (4.1 ) — (4.1 ) Net earnings attributable to Ingersoll-Rand plc $ 51.3 $ 42.4 $ 44.4 $ (35.4 ) $ (10.8 ) $ 1.6 $ 176.1 $ (218.3 ) $ 51.3 Other comprehensive loss, net of tax (280.3 ) (263.8 ) (263.8 ) (4.7 ) (4.8 ) (30.8 ) (253.5 ) 821.4 (280.3 ) Comprehensive income attributable to Ingersoll-Rand plc $ (229.0 ) $ (221.4 ) $ (219.4 ) $ (40.1 ) $ (15.6 ) $ (29.2 ) $ (77.4 ) $ 603.1 $ (229.0 )
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet March 31, 2016 In millions Plc International Lux International Global New Lux Other Consolidating ASSETS Current assets: Cash and cash equivalents $ — $ — $ — $ 0.4 $ — $ 0.1 $ 612.4 $ — $ 612.9 Accounts and notes receivable, net — — — — 156.3 — 1,998.8 — 2,155.1 Inventories — — — — 209.1 — 1,403.6 — 1,612.7 Other current assets 0.4 — — 6.5 166.6 — 263.9 (5.2 ) 432.2 Intercompany receivables 117.3 19,535.7 6.4 478.9 2,621.4 — 15,387.8 (38,147.5 ) — Total current assets 117.7 19,535.7 6.4 485.8 3,153.4 0.1 19,666.5 (38,152.7 ) 4,812.9 Property, plant and equipment, net — — — — 466.9 — 1,115.3 — 1,582.2 Goodwill and other intangible assets, net — — — — 410.5 — 9,277.0 — 9,687.5 Other assets, net 0.2 — — 308.5 755.6 — 579.6 (774.0 ) 869.9 Investments in consolidated subsidiaries 10,660.8 — 14,299.1 6,519.8 14,030.6 1,739.0 — (47,249.3 ) — Intercompany notes receivable — — — — — — 3,851.8 (3,851.8 ) — Total assets $ 10,778.7 $ 19,535.7 $ 14,305.5 $ 7,314.1 $ 18,817.0 $ 1,739.1 $ 34,490.2 $ (90,027.8 ) $ 16,952.5 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued expenses $ 7.3 $ — $ 0.2 $ 26.0 $ 570.7 $ 16.3 $ 2,556.8 $ (5.2 ) $ 3,172.1 Short-term borrowings and current maturities of long-term debt — — — — 350.4 397.0 10.6 — 758.0 Intercompany payables 4,978.5 — 23,542.3 1,056.9 7,696.8 493.9 379.1 (38,147.5 ) — Total current liabilities 4,985.8 — 23,542.5 1,082.9 8,617.9 907.2 2,946.5 (38,152.7 ) 3,930.1 Long-term debt — — — 2,285.0 341.7 1,087.2 0.7 — 3,714.6 Other noncurrent liabilities — 3.8 — 8.4 1,321.0 — 2,896.0 (774.1 ) 3,455.1 Intercompany notes payable — — — 1,817.2 2,034.6 — — (3,851.8 ) — Total liabilities 4,985.8 3.8 23,542.5 5,193.5 12,315.2 1,994.4 5,843.2 (42,778.6 ) 11,099.8 Equity: Total equity 5,792.9 19,531.9 (9,237.0 ) 2,120.6 6,501.8 (255.3 ) 28,647.0 (47,249.2 ) 5,852.7 Total liabilities and equity $ 10,778.7 $ 19,535.7 $ 14,305.5 $ 7,314.1 $ 18,817.0 $ 1,739.1 $ 34,490.2 $ (90,027.8 ) $ 16,952.5 Condensed Consolidating Balance Sheet December 31, 2015 In millions Plc International Lux International Global New Lux Other Consolidating ASSETS Current assets: Cash and cash equivalents $ — $ — $ — $ 11.4 $ — $ 0.1 $ 725.3 $ — $ 736.8 Accounts and notes receivable, net — — — — 160.7 — 1,989.9 — 2,150.6 Inventories — — — — 192.0 — 1,218.7 — 1,410.7 Other current assets 0.1 — — 6.4 83.3 — 237.5 (16.0 ) 311.3 Intercompany receivables 136.8 20,103.6 3.3 102.2 1,413.9 — 15,933.5 (37,693.3 ) — Total current assets 136.9 20,103.6 3.3 120.0 1,849.9 0.1 20,104.9 (37,709.3 ) 4,609.4 Property, plant and equipment, net — — — — 463.0 — 1,112.1 — 1,575.1 Goodwill and other intangible assets, net — — — — 412.9 — 9,243.4 — 9,656.3 Other assets, net 0.2 — — 283.8 733.4 — 568.4 (709.0 ) 876.8 Investments in consolidated subsidiaries 10,139.0 — 13,980.5 6,396.2 13,883.9 1,708.7 — (46,108.3 ) — Intercompany notes receivable — — — — — — 2,876.7 (2,876.7 ) — Total assets $ 10,276.1 $ 20,103.6 $ 13,983.8 $ 6,800.0 $ 17,343.1 $ 1,708.8 $ 33,905.5 $ (87,403.3 ) $ 16,717.6 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued expenses 7.1 — 0.1 30.7 599.2 6.3 2,516.7 (15.9 ) 3,144.2 Short-term borrowings and current maturities of long-term debt — — — — 350.4 143.0 10.8 — 504.2 Intercompany payables 4,452.3 753.1 23,528.9 1,997.8 5,858.2 745.5 357.6 (37,693.4 ) — Total current liabilities 4,459.4 753.1 23,529.0 2,028.5 6,807.8 894.8 2,885.1 (37,709.3 ) 3,648.4 Long-term debt — — — 2,284.4 341.6 1,086.9 0.7 — 3,713.6 Other noncurrent liabilities — 3.8 — 8.3 1,367.9 — 2,805.3 (708.9 ) 3,476.4 Intercompany notes payable — — — 429.0 2,447.7 — — (2,876.7 ) — Total liabilities 4,459.4 756.9 23,529.0 4,750.2 10,965.0 1,981.7 5,691.1 (41,294.9 ) 10,838.4 Equity: Total equity 5,816.7 19,346.7 (9,545.2 ) 2,049.8 6,378.1 (272.9 ) 28,214.4 (46,108.4 ) 5,879.2 Total liabilities and equity $ 10,276.1 $ 20,103.6 $ 13,983.8 $ 6,800.0 $ 17,343.1 $ 1,708.8 $ 33,905.5 $ (87,403.3 ) $ 16,717.6
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows For the three months ended March 31, 2016 in millions Plc International Lux International Global New Lux Other Consolidating CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) continuing operating activities $ 12.9 $ — $ (0.1 ) $ (67.6 ) $ (11.7 ) $ (1.0 ) $ 60.3 $ 1.9 $ (5.3 ) Net cash provided by (used in) discontinued operating activities — — — — (4.7 ) — — (2.0 ) (6.7 ) Net cash provided by (used in) operating activities 12.9 — (0.1 ) (67.6 ) (16.4 ) (1.0 ) 60.3 (0.1 ) (12.0 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — — — (18.2 ) — (21.9 ) — (40.1 ) Intercompany investing activities, net — 754.8 (3.3 ) (381.5 ) 65.7 — 269.2 (704.9 ) — Net cash provided by (used in) investing activities — 754.8 (3.3 ) (381.5 ) 47.5 — 247.3 (704.9 ) (40.1 ) CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds from debt — — — — — 254.0 — — 254.0 Debt issuance costs — — — (2.1 ) — — — — (2.1 ) Dividends paid to ordinary shareholders (82.2 ) — — — — — — — (82.2 ) Dividends paid to noncontrolling interests — — — — — — (6.7 ) — (6.7 ) Repurchase of ordinary shares (250.1 ) — — — — — — — (250.1 ) Other financing activities, net (6.7 ) — — — — — — — (6.7 ) Intercompany financing activities, net 326.1 (754.8 ) 3.4 440.2 (31.1 ) (253.0 ) (435.8 ) 705.0 — Net cash provided by (used in) financing activities (12.9 ) (754.8 ) 3.4 438.1 (31.1 ) 1.0 (442.5 ) 705.0 (93.8 ) Effect of exchange rate changes on cash and cash equivalents — — — — — — 22.0 — 22.0 Net increase (decrease) in cash and cash equivalents — — — (11.0 ) — — (112.9 ) — (123.9 ) Cash and cash equivalents - beginning of period — — — 11.4 — 0.1 725.3 — 736.8 Cash and cash equivalents - end of period $ — $ — $ — $ 0.4 $ — $ 0.1 $ 612.4 $ — $ 612.9 Condensed Consolidating Statement of Cash Flows For the three months ended March 31, 2015 in millions Plc International Lux International Global New Lux Other Consolidating CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) continuing operating activities $ 2.6 $ — $ (0.2 ) $ (32.0 ) $ (281.4 ) $ (1.6 ) $ 197.4 $ — $ (115.2 ) Net cash provided by (used in) discontinued operating activities — — — — (9.1 ) — (0.9 ) — $ (10.0 ) Net cash provided by (used in) operating activities 2.6 — (0.2 ) (32.0 ) (290.5 ) (1.6 ) 196.5 — (125.2 ) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — — — (28.3 ) — (27.4 ) — (55.7 ) Acquisition of businesses, net of cash acquired — — — — (448.1 ) — (493.6 ) — (941.7 ) Proceeds from sale of property, plant and equipment — — — — — — 4.0 — 4.0 Intercompany investing activities, net — — (0.2 ) (3.6 ) — (228.0 ) (322.3 ) 554.1 — Net cash provided by (used in) investing activities — — (0.2 ) (3.6 ) (476.4 ) (228.0 ) (839.3 ) 554.1 (993.4 ) CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds from (repayments of) debt — — — 194.9 — 140.5 (24.3 ) — 311.1 Dividends paid to ordinary shareholders (73.8 ) — — — — — — — (73.8 ) Other financing activities, net 19.5 — — — — — — — 19.5 Intercompany financing activities, net 51.7 — (0.7 ) (159.3 ) 341.5 89.2 231.7 (554.1 ) — Net cash provided by (used in) financing activities (2.6 ) — (0.7 ) 35.6 341.5 229.7 207.4 (554.1 ) 256.8 Effect of exchange rate changes on cash and cash equivalents — — — — — — (109.5 ) — (109.5 ) Net increase (decrease) in cash and cash equivalents — — (1.1 ) — (425.4 ) 0.1 (544.9 ) — (971.3 ) Cash and cash equivalents - beginning of period — — 1.1 — 425.4 — 1,278.7 — 1,705.2 Cash and cash equivalents - end of period $ — $ — $ — $ — $ — $ 0.1 $ 733.8 $ — $ 733.9

Recent Accounting Pronounceme39

Recent Accounting Pronouncements (Details) $ in Millions	Dec. 31, 2015USD ($)
Item Effected [Line Items]
Net Debt Issuance Cost	$ 21.2

Inventories (Schedule of Major

Inventories (Schedule of Major Classes of Inventory) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Inventory Valuation Reserves	$ 105.5	$ 100.4
Raw materials	513	514.9
Work-in-process	186.7	131
Finished goods	973.3	825.7
Sub-total	1,673	1,471.6
LIFO reserve	(60.3)	(60.9)
Total	$ 1,612.7	$ 1,410.7

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Accumulated Impairment	$ (2,496)	$ (2,496)
Currency translation	54.2
Goodwill (net)	5,784.4	5,730.2
Climate [Member]
Goodwill [Roll Forward]
Accumulated Impairment	(2,496)	(2,496)
Currency translation	45.9
Goodwill (net)	4,998.5	4,952.6
Industrial [Member]
Goodwill [Roll Forward]
Currency translation	8.3
Goodwill (net)	$ 785.9	$ 777.6

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Finite-lived intangible assets, gross	$ 2,310.8		$ 2,298.2
Accumulated amortization	(1,063.1)		(1,025.9)
Net finite-lived intangible assets	1,247.7		1,272.3
Total intangible assets, gross	4,966.2		4,952
Intangible assets, net	3,903.1		3,926.1
Amortization of intangible assets	32.9	$ 37
Trademarks [Member]
Trademarks (indefinite-lived)	2,655.4		2,653.8
Completed technologies/patents [Member]
Finite-lived intangible assets, gross	216.5		214.9
Accumulated amortization	(171.7)		(168.7)
Net finite-lived intangible assets	44.8		46.2
Customer Relationships [Member]
Finite-lived intangible assets, gross	2,029.3		2,019.8
Accumulated amortization	(843.9)		(811.5)
Net finite-lived intangible assets	1,185.4		1,208.3
Other Intangible Assets [Member]
Finite-lived intangible assets, gross	65		63.5
Accumulated amortization	(47.5)		(45.7)
Net finite-lived intangible assets	$ 17.5		$ 17.8

Debt and Credit Facilities (Nar

Debt and Credit Facilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Feb. 28, 2015
Short-term borrowings and current maturities of long-term debt	$ 758		$ 504.2
Repayments of Long-term Debt	0	$ 16.1
Line of credit facility, amount outstanding	2,000
Debt Instrument, Fair Value Disclosure	4,900		4,500
Five Year Revolving Credit Facility Refinanced [Member]
Line of credit facility, amount outstanding	2,000
Five Year Revolving Credit Facility [Member]
Line of credit facility, amount outstanding	1,000
Debentures With Put Feature [Member]
Short-term borrowings and current maturities of long-term debt	$ 343		$ 343
Debt Instrument, Maturity Date Range, Start	Jan. 1, 2027
Debt instrument, maturity date range, end	Dec. 31, 2028
Debentures with put option available to be exercised				$ 37.2
2.875% Senior notes due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.875%		2.875%
4.25% Senior notes due 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.25%		4.25%
5.75% Senior notes due 2043 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.75%		5.75%
Two Point Six Two Five Percent Senior Notes Due Two Thousand Twenty [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.625%		2.625%
Three Point Five Five Percent Senior Notes due 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.55%		3.55%
Four Point Six Five Percent Senior Notes due Twenty Forty Four [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.65%		4.65%

Debt and Credit Facilities (Sho

Debt and Credit Facilities (Short-Term Borrowings and Current Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Short-term borrowings and current maturities of long-term debt	$ 758	$ 504.2
Debentures With Put Feature [Member]
Short-term borrowings and current maturities of long-term debt	343	343
Current Maturities Of Long Term Debt [Member]
Short-term borrowings and current maturities of long-term debt	7.8	7.8
Other Short Term Borrowings [Member]
Short-term borrowings and current maturities of long-term debt	10.2	10.4
Commercial Paper [Member]
Short-term borrowings and current maturities of long-term debt	$ 397	$ 143

Debt and Credit Facilities (Lon

Debt and Credit Facilities (Long-Term Debt Excluding Current Maturities) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Long-term debt excluding current maturities	$ 3,714.6	$ 3,713.6
6.875% Senior Notes Due 2018 [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.875%	6.875%
Long-term debt excluding current maturities	$ 748.1	$ 748
2.875% Senior notes due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.875%	2.875%
Long-term debt excluding current maturities	$ 348.3	$ 348.1
Two Point Six Two Five Percent Senior Notes Due Two Thousand Twenty [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.625%	2.625%
Long-term debt excluding current maturities	$ 298.1	$ 298
9.00% Debentures Due 2021 [Member]
Debt Instrument, Interest Rate, Stated Percentage	9.00%	9.00%
Long-term debt excluding current maturities	$ 124.8	$ 124.8
4.25% Senior notes due 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.25%	4.25%
Long-term debt excluding current maturities	$ 695.2	$ 695
Seven Point Two Zero Percent Debentures [Domain]
Long-term debt excluding current maturities	$ 67.2	$ 67.1
Three Point Five Five Percent Senior Notes due 2024 [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.55%	3.55%
Long-term debt excluding current maturities	$ 493.9	$ 493.7
6.48% Debentures Due 2025 [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.48%	6.48%
Long-term debt excluding current maturities	$ 149.7	$ 149.7
5.75% Senior notes due 2043 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.75%	5.75%
Long-term debt excluding current maturities	$ 493.4	$ 493.4
Four Point Six Five Percent Senior Notes due Twenty Forty Four [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.65%	4.65%
Long-term debt excluding current maturities	$ 295.2	$ 295.2
Other Loans and Notes [Member]
Long-term debt excluding current maturities	$ 0.7	$ 0.6
Seven Point Two Zero Percent Debentures due Two Thousand Fourteen to Two Thousand Twenty Five [Member] [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.20%	7.20%

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
Deferred gain/loss, net of tax, included in accumulated other comprehensive income (AOCI) related to the fair value of the Company's currency derivatives designated as accounting hedges	$ (978.9)	$ (994.6)	$ (714.3)	$ (1,120.9)
Currency derivatives expected to be reclassified into earnings over the next twelve months	1.7
Repayments of Long-term Debt	0	$ 16.1
Amount expected to be reclassified into interest expense over the next twelve months	0.5
Currency Derivatives
Derivative, Notional Amount	1,016.9			1,094.9
Interest rate swaps and locks [Member]
Derivative, Notional Amount	1,250			1,300
Designated as Hedging Instrument [Member]
Deferred gain/loss, net of tax, included in accumulated other comprehensive income (AOCI) related to the fair value of the Company's currency derivatives designated as accounting hedges	1.7			$ 0.5
Senior Notes Issued in 2013 [Member] | Interest Rate Swap [Member]
Deferred (loss) remaining in AOCI related to the interest rate locks	$ 5.6		$ 5.5

Financial Instruments Schedule

Financial Instruments Schedule of the Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative asset fair value	$ 25.5	$ 5
Derivative liability fair value	2.2	12.6
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedges, asset at fair value	2.2	0.6
Derivatives designated as hedges, liability at fair value	0.4	0.2
Nondesignated [Member]
Derivatives, Fair Value [Line Items]
Derivatives not designated as hedges, asset at fair value	23.3	4.4
Derivatives not designated as hedges, liability at fair value	1.8	12.4
Significant Other Observable Inputs (Level 2) [Member]
Derivatives, Fair Value [Line Items]
Derivative asset fair value	25.5	5
Derivative liability fair value	$ 2.2	$ 12.6

Financial Instruments Schedul48

Financial Instruments Schedule of Derivatives Designated as Hedges Affecting Condensed Consolidated Income Statement and Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income	$ 2	$ 1.5
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income	0.6	(0.8)
cost of goods sold [Member] | Currency Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income	0.7	(0.7)
Cash Flow Hedging [Member] | Currency Derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income	2	1.5
Cash Flow Hedging [Member] | Interest Rate Swap and Lock [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income	0	0
Cash Flow Hedging [Member] | Interest Expense [Member] | Interest Rate Swap and Lock [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income	$ (0.1)	$ (0.1)

Financial Instruments Schedul49

Financial Instruments Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges (Details) - Currency Derivatives - Nondesignated [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	$ 26.2	$ 32.3
Other, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	$ 26.2	$ 32.3

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 25.5	$ 5
Derivative Liability, Fair Value, Gross Liability	2.2	12.6
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	25.5	5
Derivative Liability, Fair Value, Gross Liability	2.2	12.6
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Liability, Fair Value, Gross Liability	$ 0	$ 0

Pensions and Postretirement B51

Pensions and Postretirement Benefits Other than Pensions (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Company contributions	$ 5.5	$ 7.4
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	(10.4)	$ (22)
Pension Plan, Defined Benefit [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 58

Pensions and Postretirement B52

Pensions and Postretirement Benefits Other than Pensions (Components of the Company's Pension-Related Costs) (Details) - Pension Cost [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Service cost	$ 18.2	$ 18.9
Interest cost	28.4	32.6
Expected return on plan assets	(36.1)	(39.6)
Net amortization of prior service costs	1.2	0.8
Net amortization of plan net actuarial losses	15.2	15.4
Net periodic pension benefit cost	26.9	28.1
Total	26.9	28.1
Segment, Continuing Operations [Member]
Total	24.4	25.5
Discontinued Operations [Member]
Total	$ 2.5	$ 2.6

Pensions and Postretirement B53

Pensions and Postretirement Benefits Other than Pensions (Components of Net Periodic Postretirement Benefit Cost) (Details) - Postretirement Benefit Costs [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Service cost	$ 0.9	$ 1
Interest cost	4.5	6
Net amortization of prior service gains	(2.2)	(2.2)
Net amortization of plan net actuarial losses	0	0.1
Total	3.2	4.9
Segment, Continuing Operations [Member]
Total	2.1	3
Discontinued Operations [Member]
Total	$ 1.1	$ 1.9

Equity (Reconciliation of Ordin

Equity (Reconciliation of Ordinary Shares) (Details) shares in Millions	3 Months Ended
	Mar. 31, 2016shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of ordinary shares	(4.9)
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	269
Shares issued under incentive plans, net	1
Repurchase of ordinary shares	0
Ending balance	270
Treasury Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	7.8
Shares issued under incentive plans, net	0
Ending balance	12.7

Equity (Components of Sharehold

Equity (Components of Shareholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Payments for Repurchase of Common Stock	$ 250.1	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	5,879.2	6,045.4
Net earnings	155.6	55.4
Currency translation	131.4	(305)
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	1.1	2.9
Pension and OPEB adjustments, net of tax	10.4	22
Total comprehensive income (loss)	298.5	(224.7)
Share-based compensation	21.9	22.9
Dividends declared to noncontrolling interests	(6.7)	0
Dividends declared to ordinary shareholders	(82.2)	(76.6)
Shares issued under incentive plans, net	(6.7)	(19.5)
Repurchase of ordinary shares	(250.1)
Ending balance	5,852.7	5,786.5
Other items, net	(1.2)
Shareholders' Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	5,816.7	5,987.4
Net earnings	152.4	51.3
Currency translation	130.5	(305.2)
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	1.1	2.9
Pension and OPEB adjustments, net of tax	10.4	22
Total comprehensive income (loss)	294.4	(229)
Share-based compensation	21.9	22.9
Dividends declared to noncontrolling interests	0	0
Dividends declared to ordinary shareholders	(82.2)	(76.6)
Shares issued under incentive plans, net	(6.7)	(19.5)
Repurchase of ordinary shares	(250.1)
Ending balance	5,792.8	5,724.2
Other items, net	(1.2)
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	62.5	58
Net earnings	3.2	4.1
Currency translation	0.9	0.2
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	0	0
Pension and OPEB adjustments, net of tax	0	0
Total comprehensive income (loss)	4.1	4.3
Share-based compensation	0	0
Dividends declared to noncontrolling interests	(6.7)	0
Dividends declared to ordinary shareholders	0	0
Shares issued under incentive plans, net	0	0
Repurchase of ordinary shares	0
Ending balance	59.9	$ 62.3
Other items, net	$ 0

Equity Equity (Changes in Accum

Equity Equity (Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	$ (1,120.9)	$ (714.3)
Other comprehensive income before reclassifications	133.2	(289.3)
Amounts reclassified from accumulated other comprehensive income	13.6	14.9
Provision for income taxes	(4.8)	(5.9)
Net current period other comprehensive income (loss)	142	(280.3)
Balance at September 30:	(978.9)	(994.6)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	(495.6)	(52.3)
Other comprehensive income before reclassifications	130.5	(305.2)
Amounts reclassified from accumulated other comprehensive income	0	0
Provision for income taxes	0	0
Net current period other comprehensive income (loss)	130.5	(305.2)
Balance at September 30:	(365.1)	(357.5)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	5.1	3.1
Other comprehensive income before reclassifications	2	1.5
Amounts reclassified from accumulated other comprehensive income	(0.6)	0.8
Provision for income taxes	(0.3)	0.6
Net current period other comprehensive income (loss)	1.1	2.9
Balance at September 30:	6.2	6
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31:	(630.4)	(665.1)
Other comprehensive income before reclassifications	0.7	14.4
Amounts reclassified from accumulated other comprehensive income	14.2	14.1
Provision for income taxes	(4.5)	(6.5)
Net current period other comprehensive income (loss)	10.4	22
Balance at September 30:	$ (620)	$ (643.1)

Equity Equity (Reclassification

Equity Equity (Reclassification Adjustments out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax	[1]	$ 15.2	$ 15.5
Gains and losses on cash flow hedges	[2]	(0.6)	0.8
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	[1]	(1)	(1.4)
Earnings before income taxes [Member]
Defined benefit plan reclassification adjustments		9.7	7.6
Earnings from continuing operations [Member]
Cash flow hedge reclassification adjustments, net of tax		(0.6)	0.6
Total reclassifications from Other comprehensive income (loss), net of tax		9.1	8.2
cost of goods sold [Member] | Currency Derivatives
Gains and losses on cash flow hedges			(0.2)
Provision for income taxes [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax		0
Other comprehensive income loss reclassification adjustment on defined benefit plans tax		$ (4.5)	$ (6.5)
[1]	Reclassifications of pension and postretirement amounts are included in periodic pension costs and periodic benefit costs.
[2]	Reclassifications of interest rate swaps and locks are reflected within Interest expense; reclassifications of foreign exchange swaps are reflected in Cost of goods sold.

Equity Equity (Narrative) (Deta

Equity Equity (Narrative) (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)	Mar. 31, 2016€ / shares	Mar. 31, 2016USD ($)$ / sharesshares	Feb. 01, 2014USD ($)
Capital Units, Authorized				1,185,040,000
Stock Repurchase Program, Authorized Amount | $					$ 1,500
Treasury Stock, Shares, Acquired	4,900,000
Repurchase of ordinary shares | $	$ (250.1)	$ 0
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $				$ 400
Par Value US [Member]
Common Stock, Par or Stated Value Per Share | $ / shares				$ 1
Preferred Stock, Par or Stated Value Per Share | $ / shares				$ 0.001
Par Value Euro [Member]
Common Stock, Par or Stated Value Per Share | € / shares			€ 1
Preferred Stock [Member]
Preferred Stock, Shares Authorized				10,000,000
Common Stock [Member] | Par Value US [Member]
Common Stock, Shares Authorized				1,175,000,000
Common Stock [Member] | Par Value Euro [Member]
Common Stock, Shares Authorized				40,000

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share based compensation expense	$ 23.3	$ 24.5
Share based compensation expense, net of tax	$ 14.4	15.1
Percentage Of Awards Applied To Performance Condition	50.00%
Percentage of Awards Applied to Market Condition	50.00%
Number Of Shares To Companys Maximum Award Level For Eligible Employees (in millions)	600,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 53.37
Stock options and Restricted Stock Units (RSUs) [Member]
Vesting period, in years	3 years
Employee Stock Option [Member]
Share based compensation expense	$ 7.5	$ 6.7
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	457,351	373,192
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,958,476	1,314,045

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share based compensation expense	$ 23.3	$ 24.5
Tax benefit	(8.9)	(9.4)
After-tax expense	14.4	15.1
Stock Options [Member]
Share based compensation expense	7.5	6.7
Restricted Stock Units (RSUs) [Member]
Share based compensation expense	9.5	9
Performance Shares [Member]
Share based compensation expense	4.5	7.6
Other share based compensation [Member]
Share based compensation expense	$ 1.8	$ 1.2

Share-Based Compensation (Grant

Share-Based Compensation (Grants of Stock Options and RSUs) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock Options [Member]
Equity awards, granted, in shares	1,958,476	1,314,045
Weighted average fair value per award, in dollars per share	$ 9.42	$ 14.15
RSUs [Member]
Equity awards, granted, in shares	457,351	373,192
Weighted average fair value per award, in dollars per share	$ 50.31	$ 66.64

Share-Based Compensation Share-

Share-Based Compensation Share-Based Compensation (Average Fair Value of Stock Options Granted, Assumptions) (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Dividend yield	2.55%	1.73%
Volatility	28.60%	28.56%
Risk-free rate of return	1.12%	1.24%
Expected life, in years	4 years 9 months	4 years 11 months

Other, Net (Details)

Other, Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income	$ 2	$ 2.9
Exchange gain (loss)	(5.5)	32.4
Foreign Currency Transaction Gain, before Tax	10.2
Other	3.3	2.5
Other, net	10	(26.4)
HussmannBusinessEquityOwnership [Member]
Earnings (loss) from equity investments	$ (0.8)	$ 0.6
IR ownership interest, hussmann parent	36.70%
Devaluation of Venezuela Bolivar [Member]
Exchange gain (loss)	$ (42.6)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	2500.00%	0.00%
Unrecognized Tax Benefits	$ 144.3		$ 174.9

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Discontinued Operations [Abstract]
Disposal Group, Including Discontinued Operation, Revenue	$ 0	$ 0
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	21	(8.8)
Discontinued Operation, Tax Effect of Discontinued Operation	(5.9)	(1.5)
Discontinued operations, net of tax	$ 26.9	$ (7.3)

Earnings Per Share (EPS) (Detai

Earnings Per Share (EPS) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Weighted-average number of basic shares	259.4	265.4
Shares issuable under incentive stock plans	1.9	3.1
Weighted average number of diluted shares	261.3	268.5
Anti-dilutive shares	3.9	2.1

Business Segment Information (S

Business Segment Information (Summary of Operations by Reportable Segments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net revenues	$ 2,894.1	$ 2,887.8
Segment operating income	276.7	225.7
Operating income	217.3	171.1
Climate [Member]
Net revenues	2,213.5	2,158.5
Segment operating income	214.3	150.9
Industrial [Member]
Net revenues	680.6	729.3
Segment operating income	62.4	74.8
Unallocated Amount to Segment [Member]
Unallocated corporate expense	$ 59.4	$ 54.6

Commitments and Contingencies68

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Loss Contingency, Damages Sought, Value	$ 71.6
Reserves for environmental matters	$ 44.6		$ 43.8
Percentage of non-malignant claims, minimum	80.00%		80.00%
Total current standard product warranty reserve	$ 155.7		$ 152.6
Total current extended warranty liability	96		97.5
Commitments and performance guarantees	$ 416.2
Expected annual inflation rate	2.50%
Adjusted Expected Annual Inflation Rate	1.50%
Discontinued Operations [Member]
Reserves for environmental matters	$ 36.1		35.5
Extended Warranty [Member]
Product warranty expense	12.5	$ 11.9
Asbestos [Member]
Total Asset For Probable Asbestos Related Insurance Recoveries	339.6		315.6
Asbestos [Member] | IR New Jersey [Member]
Total Asset For Probable Asbestos Related Insurance Recoveries	190.9		166.4
Asbestos [Member] | Trane [Member]
Total Asset For Probable Asbestos Related Insurance Recoveries	$ 148.7		$ 149.2

Commitments and Contingencies69

Commitments and Contingencies (Schedule of Asbestos-Related Balances) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Accrued expenses and other current liabilities	$ 1,476.2	$ 1,457.5
Other noncurrent liabilities	1,142.8	1,170.4
Other current assets	432.2	311.3
Other noncurrent assets	869.9	876.8
Asbestos [Member]
Accrued expenses and other current liabilities	66.4	65.7
Other noncurrent liabilities	621.1	648
Total asbestos-related liabilities	687.5	713.7
Other current assets	86.7	51.3
Other noncurrent assets	252.9	264.3
Total asset for probable asbestos-related insurance recoveries	339.6	315.6
IR New Jersey [Member]
Other noncurrent assets	755.6	733.4
IR New Jersey [Member] | Asbestos [Member]
Total asset for probable asbestos-related insurance recoveries	190.9	166.4
Trane [Member] | Asbestos [Member]
Total asset for probable asbestos-related insurance recoveries	$ 148.7	$ 149.2

Commitments and Contingencies70

Commitments and Contingencies (Cost/Income Asbestos Related Claims after Recoveries) (Details) - Asbestos [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Continuing operations	$ 1.9	$ 1.3
Discontinued operations	24	(1.3)
Total	$ 25.9	$ 0

Commitments and Contingencies71

Commitments and Contingencies (Product Warranty Liability) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Balance at beginning of period	$ 262	$ 253.6
Reductions for payments	(23.4)	(30.1)
Accruals for warranties issued during the current period	25.1	21.5
Accruals for warranties assumed from acquisitions during the current period	0	9.7
Changes to accruals related to preexisting warranties	0.6	7.6
Translation	1.8	(4.2)
Balance at end of period	$ 266.1	$ 258.1

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Extended Warranty Accrual) (Details) - Extended Warranty [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Balance at beginning of period	$ 311.6	$ 330.1
Amortization of deferred revenue for the period	(24.2)	(24.9)
Additions for extended warranties issued during the period	19.4	19.4
Changes to accruals related to preexisting warranties	(1)	0.8
Translation	1	(1.7)
Balance at end of period	$ 306.8	$ 323.7

Guarantor Financial Informati73

Guarantor Financial Information (Narrative) (Details)	Dec. 31, 2015USD ($)
IR International [Member]
Increase Decrease in Investments in Affiliates and Equity	$ (123,500,000)
Consolidation, Eliminations [Member]
Increase Decrease in Investments in Affiliates and Equity	(823,400,000)
IR Lux International [Member]
Increase Decrease in Investments in Affiliates and Equity	418,600,000
IR Global [Member]
Increase Decrease in Investments in Affiliates and Equity	410,600,000
IR New Jersey [Member]
Increase Decrease in Investments in Affiliates and Equity	$ 117,700,000

Guarantor Financial Informati74

Guarantor Financial Information (Condensed Consolidating Statements of Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 2,894.1	$ 2,887.8
Cost of goods sold	(2,047)	(2,086.7)
Selling and administrative expenses	(629.8)	(630)
Operating income	217.3	171.1
Equity earnings (loss) in subsidiaries, net of tax	0	0
Interest expense	(56.7)	(55.1)
Intercompany interest and fees	0	0
Other income/(expense), net	10	(26.4)
Earnings before income taxes	170.6	89.6
Benefit (provision) for income taxes	(41.9)	(26.9)
Earnings from continuing operations	128.7	62.7
Discontinued operations, net of tax	26.9	(7.3)
Net earnings	155.6	55.4
Less: Net earnings attributable to noncontrolling interests	(3.2)	(4.1)
Net earnings attributable to Ingersoll-Rand plc	152.4	51.3
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	142	(280.3)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	294.4	(229)
IR Ireland [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0	0
Cost of goods sold	0	0
Selling and administrative expenses	(1.5)	(1.8)
Operating income	(1.5)	(1.8)
Equity earnings (loss) in subsidiaries, net of tax	167.6	57.6
Interest expense	0	0
Intercompany interest and fees	(14)	(5.7)
Other income/(expense), net	0.1	1
Earnings before income taxes	152.2	51.1
Benefit (provision) for income taxes	(0.2)	(0.2)
Earnings from continuing operations	152.4	51.3
Discontinued operations, net of tax	0	0
Net earnings	152.4	51.3
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	152.4	51.3
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	142	(280.3)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	294.4	(229)
IR International [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0	0
Cost of goods sold	0	0
Selling and administrative expenses	0	0
Operating income	0	0
Equity earnings (loss) in subsidiaries, net of tax	146.7	44.7
Interest expense	0	0
Intercompany interest and fees	(1.6)	(2.3)
Other income/(expense), net	0	0
Earnings before income taxes	145.1	42.4
Benefit (provision) for income taxes	(0.2)	0
Earnings from continuing operations	145.3	42.4
Discontinued operations, net of tax	0	0
Net earnings	145.3	42.4
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	145.3	42.4
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	135.5	(263.8)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	280.8	(221.4)
IR Lux International [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0	0
Cost of goods sold	0	0
Selling and administrative expenses	0	0
Operating income	0	0
Equity earnings (loss) in subsidiaries, net of tax	156.5	49.6
Interest expense	0	0
Intercompany interest and fees	(10.1)	(5.2)
Other income/(expense), net	0	0
Earnings before income taxes	146.4	44.4
Benefit (provision) for income taxes	0	0
Earnings from continuing operations	146.4	44.4
Discontinued operations, net of tax	0	0
Net earnings	146.4	44.4
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	146.4	44.4
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	135.4	(263.8)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	281.8	(219.4)
IR Global [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0	0
Cost of goods sold	0	0
Selling and administrative expenses	0	(0.1)
Operating income	0	(0.1)
Equity earnings (loss) in subsidiaries, net of tax	41.2	(10.7)
Interest expense	(31.9)	(31.9)
Intercompany interest and fees	(36.9)	(6.8)
Other income/(expense), net	0	0
Earnings before income taxes	(27.6)	(49.5)
Benefit (provision) for income taxes	(25)	(14.1)
Earnings from continuing operations	(2.6)	(35.4)
Discontinued operations, net of tax	0	0
Net earnings	(2.6)	(35.4)
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	(2.6)	(35.4)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	56.6	(4.7)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	54	(40.1)
IR New Jersey [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	316.5	344.7
Cost of goods sold	(242.1)	(254)
Selling and administrative expenses	(132.6)	(106.5)
Operating income	(58.2)	(15.8)
Equity earnings (loss) in subsidiaries, net of tax	106.8	64.6
Interest expense	(12.1)	(12.1)
Intercompany interest and fees	(71.6)	(62.4)
Other income/(expense), net	(1.6)	1.3
Earnings before income taxes	(36.7)	(24.4)
Benefit (provision) for income taxes	(53)	(22.7)
Earnings from continuing operations	16.3	(1.7)
Discontinued operations, net of tax	25.1	(9.1)
Net earnings	41.4	(10.8)
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	41.4	(10.8)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	56.5	(4.8)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	97.9	(15.6)
IR Lux Finance [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	0	0
Cost of goods sold	0	0
Selling and administrative expenses	(0.2)	(0.3)
Operating income	(0.2)	(0.3)
Equity earnings (loss) in subsidiaries, net of tax	22.5	12.5
Interest expense	(11.2)	(10.2)
Intercompany interest and fees	(1.3)	(0.4)
Other income/(expense), net	0	0
Earnings before income taxes	9.8	1.6
Benefit (provision) for income taxes	0	0
Earnings from continuing operations	9.8	1.6
Discontinued operations, net of tax	0	0
Net earnings	9.8	1.6
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	9.8	1.6
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	6.3	(30.8)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	16.1	(29.2)
Other Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	2,666.8	2,639.5
Cost of goods sold	(1,894.1)	(1,929.1)
Selling and administrative expenses	(495.5)	(521.3)
Operating income	277.2	189.1
Equity earnings (loss) in subsidiaries, net of tax	0	0
Interest expense	(1.5)	(0.9)
Intercompany interest and fees	135.5	82.8
Other income/(expense), net	11.5	(28.7)
Earnings before income taxes	422.7	242.3
Benefit (provision) for income taxes	120.3	63.9
Earnings from continuing operations	302.4	178.4
Discontinued operations, net of tax	1.8	1.8
Net earnings	304.2	180.2
Less: Net earnings attributable to noncontrolling interests	(3.2)	(4.1)
Net earnings attributable to Ingersoll-Rand plc	301	176.1
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	130.9	(253.5)
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	431.9	(77.4)
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(89.2)	(96.4)
Cost of goods sold	89.2	96.4
Selling and administrative expenses	0	0
Operating income	0	0
Equity earnings (loss) in subsidiaries, net of tax	(641.3)	(218.3)
Interest expense	0	0
Intercompany interest and fees	0	0
Other income/(expense), net	0	0
Earnings before income taxes	(641.3)	(218.3)
Benefit (provision) for income taxes	0	0
Earnings from continuing operations	(641.3)	(218.3)
Discontinued operations, net of tax	0	0
Net earnings	(641.3)	(218.3)
Less: Net earnings attributable to noncontrolling interests	0	0
Net earnings attributable to Ingersoll-Rand plc	(641.3)	(218.3)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(521.2)	821.4
Total comprehensive income (loss) attributable to Ingersoll-Rand plc	$ (1,162.5)	$ 603.1

Guarantor Financial Informati75

Guarantor Financial Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 612.9	$ 736.8	$ 733.9	$ 1,705.2
Accounts and notes receivable, net	2,155.1	2,150.6
Inventories, net	1,612.7	1,410.7
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	432.2	311.3
Due from Affiliate, Current	0	0
Total current assets	4,812.9	4,609.4
Property, plant and equipment, net	1,582.2	1,575.1
Intangible assets, net	9,687.5	9,656.3
Other noncurrent assets	869.9	876.8
Investments in and Advances to Affiliates, at Fair Value	0	0
Due from Affiliate, Noncurrent	0	0
Total assets	16,952.5	16,717.6
Current liabilities:
Current liabilities:	3,172.1	3,144.2
Short-term borrowings and current maturities of long-term debt	758	504.2
Short-term borrowings and current maturities of long-term debt	0	0
Total current liabilities	3,930.1	3,648.4
Long-term debt	3,714.6	3,713.6
Other noncurrent liabilities	3,455.1	3,476.4
Due to Affiliate, Noncurrent	0	0
Total liabilities	11,099.8	10,838.4
Equity:
Total equity	5,852.7	5,879.2	5,786.5	6,045.4
Total liabilities and equity	16,952.5	16,717.6
IR Ireland [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0.4	0.1
Due from Affiliate, Current	117.3	136.8
Total current assets	117.7	136.9
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Other noncurrent assets	0.2	0.2
Investments in and Advances to Affiliates, at Fair Value	10,660.8	10,139
Due from Affiliate, Noncurrent	0	0
Total assets	10,778.7	10,276.1
Current liabilities:
Current liabilities:	7.3	7.1
Short-term borrowings and current maturities of long-term debt	0	0
Short-term borrowings and current maturities of long-term debt	4,978.5	4,452.3
Total current liabilities	4,985.8	4,459.4
Long-term debt	0	0
Other noncurrent liabilities	0	0
Due to Affiliate, Noncurrent	0	0
Total liabilities	4,985.8	4,459.4
Equity:
Total equity	5,792.9	5,816.7
Total liabilities and equity	10,778.7	10,276.1
IR International [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0	0
Due from Affiliate, Current	19,535.7	20,103.6
Total current assets	19,535.7	20,103.6
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Other noncurrent assets	0	0
Investments in and Advances to Affiliates, at Fair Value	0	0
Due from Affiliate, Noncurrent	0	0
Total assets	19,535.7	20,103.6
Current liabilities:
Current liabilities:	0	0
Short-term borrowings and current maturities of long-term debt	0	0
Short-term borrowings and current maturities of long-term debt	0	753.1
Total current liabilities	0	753.1
Long-term debt	0	0
Other noncurrent liabilities	3.8	3.8
Due to Affiliate, Noncurrent	0	0
Total liabilities	3.8	756.9
Equity:
Total equity	19,531.9	19,346.7
Total liabilities and equity	19,535.7	20,103.6
IR Lux International [Member]
Current assets:
Cash and cash equivalents	0	0	0	1.1
Accounts and notes receivable, net	0	0
Inventories, net	0	0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0	0
Due from Affiliate, Current	6.4	3.3
Total current assets	6.4	3.3
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Other noncurrent assets	0	0
Investments in and Advances to Affiliates, at Fair Value	14,299.1	13,980.5
Due from Affiliate, Noncurrent	0	0
Total assets	14,305.5	13,983.8
Current liabilities:
Current liabilities:	0.2	0.1
Short-term borrowings and current maturities of long-term debt	0	0
Short-term borrowings and current maturities of long-term debt	23,542.3	23,528.9
Total current liabilities	23,542.5	23,529
Long-term debt	0	0
Other noncurrent liabilities	0	0
Due to Affiliate, Noncurrent	0	0
Total liabilities	23,542.5	23,529
Equity:
Total equity	(9,237)	(9,545.2)
Total liabilities and equity	14,305.5	13,983.8
IR Global [Member]
Current assets:
Cash and cash equivalents	0.4	11.4	0	0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	6.5	6.4
Due from Affiliate, Current	478.9	102.2
Total current assets	485.8	120
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Other noncurrent assets	308.5	283.8
Investments in and Advances to Affiliates, at Fair Value	6,519.8	6,396.2
Due from Affiliate, Noncurrent	0	0
Total assets	7,314.1	6,800
Current liabilities:
Current liabilities:	26	30.7
Short-term borrowings and current maturities of long-term debt	0	0
Short-term borrowings and current maturities of long-term debt	1,056.9	1,997.8
Total current liabilities	1,082.9	2,028.5
Long-term debt	2,285	2,284.4
Other noncurrent liabilities	8.4	8.3
Due to Affiliate, Noncurrent	1,817.2	429
Total liabilities	5,193.5	4,750.2
Equity:
Total equity	2,120.6	2,049.8
Total liabilities and equity	7,314.1	6,800
IR New Jersey [Member]
Current assets:
Cash and cash equivalents	0	0	0	425.4
Accounts and notes receivable, net	156.3	160.7
Inventories, net	209.1	192
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	166.6	83.3
Due from Affiliate, Current	2,621.4	1,413.9
Total current assets	3,153.4	1,849.9
Property, plant and equipment, net	466.9	463
Intangible assets, net	410.5	412.9
Other noncurrent assets	755.6	733.4
Investments in and Advances to Affiliates, at Fair Value	14,030.6	13,883.9
Due from Affiliate, Noncurrent	0	0
Total assets	18,817	17,343.1
Current liabilities:
Current liabilities:	570.7	599.2
Short-term borrowings and current maturities of long-term debt	350.4	350.4
Short-term borrowings and current maturities of long-term debt	7,696.8	5,858.2
Total current liabilities	8,617.9	6,807.8
Long-term debt	341.7	341.6
Other noncurrent liabilities	1,321	1,367.9
Due to Affiliate, Noncurrent	2,034.6	2,447.7
Total liabilities	12,315.2	10,965
Equity:
Total equity	6,501.8	6,378.1
Total liabilities and equity	18,817	17,343.1
IR Lux Finance [Member]
Current assets:
Cash and cash equivalents	0.1	0.1	0.1	0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	0	0
Due from Affiliate, Current	0	0
Total current assets	0.1	0.1
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Other noncurrent assets	0	0
Investments in and Advances to Affiliates, at Fair Value	1,739	1,708.7
Due from Affiliate, Noncurrent	0	0
Total assets	1,739.1	1,708.8
Current liabilities:
Current liabilities:	16.3	6.3
Short-term borrowings and current maturities of long-term debt	397	143
Short-term borrowings and current maturities of long-term debt	493.9	745.5
Total current liabilities	907.2	894.8
Long-term debt	1,087.2	1,086.9
Other noncurrent liabilities	0	0
Due to Affiliate, Noncurrent	0	0
Total liabilities	1,994.4	1,981.7
Equity:
Total equity	(255.3)	(272.9)
Total liabilities and equity	1,739.1	1,708.8
Other Subsidiaries [Member]
Current assets:
Cash and cash equivalents	612.4	725.3	733.8	1,278.7
Accounts and notes receivable, net	1,998.8	1,989.9
Inventories, net	1,403.6	1,218.7
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	263.9	237.5
Due from Affiliate, Current	15,387.8	15,933.5
Total current assets	19,666.5	20,104.9
Property, plant and equipment, net	1,115.3	1,112.1
Intangible assets, net	9,277	9,243.4
Other noncurrent assets	579.6	568.4
Investments in and Advances to Affiliates, at Fair Value	0	0
Due from Affiliate, Noncurrent	3,851.8	2,876.7
Total assets	34,490.2	33,905.5
Current liabilities:
Current liabilities:	2,556.8	2,516.7
Short-term borrowings and current maturities of long-term debt	10.6	10.8
Short-term borrowings and current maturities of long-term debt	379.1	357.6
Total current liabilities	2,946.5	2,885.1
Long-term debt	0.7	0.7
Other noncurrent liabilities	2,896	2,805.3
Due to Affiliate, Noncurrent	0	0
Total liabilities	5,843.2	5,691.1
Equity:
Total equity	28,647	28,214.4
Total liabilities and equity	34,490.2	33,905.5
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
OtherAssetsCurrentAndDeferredTaxesAndTaxReceivable	(5.2)	(16)
Due from Affiliate, Current	(38,147.5)	(37,693.3)
Total current assets	(38,152.7)	(37,709.3)
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Other noncurrent assets	(774)	(709)
Investments in and Advances to Affiliates, at Fair Value	(47,249.3)	(46,108.3)
Due from Affiliate, Noncurrent	(3,851.8)	(2,876.7)
Total assets	(90,027.8)	(87,403.3)
Current liabilities:
Current liabilities:	(5.2)	(15.9)
Short-term borrowings and current maturities of long-term debt	0	0
Short-term borrowings and current maturities of long-term debt	(38,147.5)	(37,693.4)
Total current liabilities	(38,152.7)	(37,709.3)
Long-term debt	0	0
Other noncurrent liabilities	(774.1)	(708.9)
Due to Affiliate, Noncurrent	(3,851.8)	(2,876.7)
Total liabilities	(42,778.6)	(41,294.9)
Equity:
Total equity	(47,249.2)	(46,108.4)
Total liabilities and equity	$ (90,027.8)	$ (87,403.3)

Guarantor Financial Informati76

Guarantor Financial Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	$ (5.3)	$ (115.2)
Net cash used in discontinued operating activities	(6.7)	(10)
Net Cash Provided by (Used in) Operating Activities	(12)	(125.2)
Cash flows from investing activities:
Capital expenditures	(40.1)	(55.7)
Acquisition of businesses, net of cash acquired	0	(941.7)
Proceeds from sale of property, plant and equipment	0	4
Payments for (Proceeds from) Businesses and Interest in Affiliates	0	0
Net cash used in continuing investing activities	(40.1)	(993.4)
Cash flows from financing activities:
Net proceeds (repayments) in debt	(254)	(311.1)
Debt issuance costs	(2.1)	0
DividendsPaid	82.2	73.8
Dividends paid to noncontrolling interests	(6.7)	0
Repurchase of ordinary shares	(250.1)	0
Other, net	(6.7)	19.5
Net proceeds from debt	0	0
Net cash provided by (used in) continuing financing activities	(93.8)	256.8
Effect of exchange rate changes on cash and cash equivalents	22	(109.5)
Net decrease in cash and cash equivalents	(123.9)	(971.3)
Cash and cash equivalents	612.9	733.9	$ 736.8	$ 1,705.2
IR Ireland [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	12.9	2.6
Net cash used in discontinued operating activities	0	0
Net Cash Provided by (Used in) Operating Activities	12.9	2.6
Cash flows from investing activities:
Capital expenditures	0	0
Acquisition of businesses, net of cash acquired		0
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	0	0
Net cash used in continuing investing activities	0	0
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	0
Debt issuance costs	0
DividendsPaid	82.2	73.8
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	(250.1)
Other, net	(6.7)	19.5
Net proceeds from debt	326.1	51.7
Net cash provided by (used in) continuing financing activities	(12.9)	(2.6)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents	0	0	0	0
IR International [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	0	0
Net cash used in discontinued operating activities	0	0
Net Cash Provided by (Used in) Operating Activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Acquisition of businesses, net of cash acquired		0
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	754.8	0
Net cash used in continuing investing activities	754.8	0
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	0
Debt issuance costs	0
DividendsPaid	0	0
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	(754.8)	0
Net cash provided by (used in) continuing financing activities	(754.8)	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents	0	0	0	0
IR Lux International [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(0.1)	(0.2)
Net cash used in discontinued operating activities	0	0
Net Cash Provided by (Used in) Operating Activities	(0.1)	(0.2)
Cash flows from investing activities:
Capital expenditures	0	0
Acquisition of businesses, net of cash acquired		0
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	(3.3)	(0.2)
Net cash used in continuing investing activities	(3.3)	(0.2)
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	0
Debt issuance costs	0
DividendsPaid	0	0
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	3.4	(0.7)
Net cash provided by (used in) continuing financing activities	3.4	(0.7)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	(1.1)
Cash and cash equivalents	0	0	0	1.1
IR Global [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(67.6)	(32)
Net cash used in discontinued operating activities	0	0
Net Cash Provided by (Used in) Operating Activities	(67.6)	(32)
Cash flows from investing activities:
Capital expenditures	0	0
Acquisition of businesses, net of cash acquired		0
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	(381.5)	(3.6)
Net cash used in continuing investing activities	(381.5)	(3.6)
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	(194.9)
Debt issuance costs	(2.1)
DividendsPaid	0	0
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	440.2	(159.3)
Net cash provided by (used in) continuing financing activities	438.1	35.6
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	(11)	0
Cash and cash equivalents	0.4	0	11.4	0
IR New Jersey [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(11.7)	(281.4)
Net cash used in discontinued operating activities	(4.7)	(9.1)
Net Cash Provided by (Used in) Operating Activities	(16.4)	(290.5)
Cash flows from investing activities:
Capital expenditures	(18.2)	(28.3)
Acquisition of businesses, net of cash acquired		(448.1)
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	65.7	0
Net cash used in continuing investing activities	47.5	(476.4)
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	0
Debt issuance costs	0
DividendsPaid	0	0
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	(31.1)	341.5
Net cash provided by (used in) continuing financing activities	(31.1)	341.5
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	(425.4)
Cash and cash equivalents	0	0	0	425.4
IR Lux Finance [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	(1)	(1.6)
Net cash used in discontinued operating activities	0	0
Net Cash Provided by (Used in) Operating Activities	(1)	(1.6)
Cash flows from investing activities:
Capital expenditures	0	0
Acquisition of businesses, net of cash acquired		0
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	0	(228)
Net cash used in continuing investing activities	0	(228)
Cash flows from financing activities:
Net proceeds (repayments) in debt	(254)	(140.5)
Debt issuance costs	0
DividendsPaid	0	0
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	(253)	89.2
Net cash provided by (used in) continuing financing activities	1	229.7
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	0.1
Cash and cash equivalents	0.1	0.1	0.1	0
Other Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	60.3	197.4
Net cash used in discontinued operating activities	0	(0.9)
Net Cash Provided by (Used in) Operating Activities	60.3	196.5
Cash flows from investing activities:
Capital expenditures	(21.9)	(27.4)
Acquisition of businesses, net of cash acquired		(493.6)
Proceeds from sale of property, plant and equipment		4
Payments for (Proceeds from) Businesses and Interest in Affiliates	269.2	(322.3)
Net cash used in continuing investing activities	247.3	(839.3)
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	24.3
Debt issuance costs	0
DividendsPaid	0	0
Dividends paid to noncontrolling interests	(6.7)
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	(435.8)	231.7
Net cash provided by (used in) continuing financing activities	(442.5)	207.4
Effect of exchange rate changes on cash and cash equivalents	22	(109.5)
Net decrease in cash and cash equivalents	(112.9)	(544.9)
Cash and cash equivalents	612.4	733.8	725.3	1,278.7
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) continuing operating activities	1.9	0
Net cash used in discontinued operating activities	(2)	0
Net Cash Provided by (Used in) Operating Activities	(0.1)	0
Cash flows from investing activities:
Capital expenditures	0	0
Acquisition of businesses, net of cash acquired		0
Proceeds from sale of property, plant and equipment		0
Payments for (Proceeds from) Businesses and Interest in Affiliates	(704.9)	554.1
Net cash used in continuing investing activities	(704.9)	554.1
Cash flows from financing activities:
Net proceeds (repayments) in debt	0	0
Debt issuance costs	0
DividendsPaid	0	0
Dividends paid to noncontrolling interests	0
Repurchase of ordinary shares	0
Other, net	0	0
Net proceeds from debt	705	(554.1)
Net cash provided by (used in) continuing financing activities	705	(554.1)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents	$ 0	$ 0	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
HussmannBusinessEquityOwnership [Member]
Subsequent Event [Line Items]
Expected proceeds from sale in equity method investment	$ 415