Ingersoll Rand (IR) 10-Q 30 Apr 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 23, 2021
Cover [Abstract]
Entity Central Index Key	0001699150
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-38095
Entity Registrant Name	Ingersoll Rand Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2393770
Entity Address, Address Line One	800-A Beaty Street
Entity Address, City or Town	Davidson
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28036
City Area Code	704
Local Phone Number	655-4000
Title of 12(b) Security	Common Stock, $0.01 Par Value per share
Trading Symbol	IR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		419,452,801

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenues	$ 1,369.8	$ 703.5
Cost of sales	854.4	485.8
Gross Profit	515.4	217.7
Selling and administrative expenses	270.7	147.2
Amortization of intangible assets	93.7	49.3
Other operating expense, net	1.3	97.3
Operating Income (Loss)	149.7	(76.1)
Interest expense	23.1	27.1
Loss on extinguishment of debt	0	2
Other income, net	(2.5)	(0.2)
Income (Loss) from Continuing Operations Before Income Taxes	129.1	(105)
Provision (benefit) for income taxes	17.5	(67)
Income (Loss) from Continuing Operations	111.6	(38)
Income (loss) from discontinued operations, net of tax	(201.7)	1.2
Net Loss	(90.1)	(36.8)
Less: Net income attributable to noncontrolling interests	0.3	0
Net Loss Attributable to Ingersoll Rand Inc.	(90.4)	(36.8)
Amounts attributable to Ingersoll Rand Inc. common stockholders:
Income (loss) from continuing operations, net of tax	111.3	(38)
Income (loss) from discontinued operations, net of tax	(201.7)	1.2
Net loss attributable to Ingersoll Rand Inc.	$ (90.4)	$ (36.8)
Basic earnings (loss) per share of common stock:
Earnings (loss) from continuing operations (USD per share)	$ 0.27	$ (0.14)
Loss from discontinued operations (USD per share)	(0.48)	0
Net loss (USD per share)	(0.22)	(0.13)
Diluted earnings (loss) per share of common stock:
Earnings (loss) from continuing operations (USD per share)	0.26	(0.14)
Loss from discontinued operations (USD per share)	(0.47)	0
Net loss (USD per share)	$ (0.21)	$ (0.13)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net loss attributable to Ingersoll Rand Inc.	$ (90.4)	$ (36.8)
Other comprehensive loss, net of tax
Foreign currency translation adjustments, net	(99.8)	(92.2)
Unrecognized gain on cash flow hedges, net	0	1.2
Pension and other postretirement prior service cost and gain or (loss), net	1.2	2.9
Total other comprehensive loss, net of tax	(98.6)	(88.1)
Comprehensive loss attributable to Ingersoll Rand Inc.	(189)	(124.9)
Comprehensive Loss Attributable to Noncontrolling Interests
Net income attributable to noncontrolling interests	0.3	0
Other comprehensive loss, net of tax
Foreign currency translation adjustments, net	(1.1)	(4)
Total other comprehensive loss, net of tax	(1.1)	(4)
Comprehensive loss attributable to noncontrolling interests	(0.8)	(4)
Total Comprehensive Loss	$ (189.8)	$ (128.9)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,639.6	$ 1,750.9
Accounts receivable, net of allowance for credit losses of $50.6 and $52.7, respectively	978.1	934.4
Inventories	832.5	785.3
Other current assets	199.3	199.7
Assets of discontinued operations - current	504.4	191.8
Total current assets	4,153.9	3,862.1
Property, plant and equipment, net of accumulated depreciation of $310.6 and $291.9, respectively	713.6	714.4
Goodwill	6,154.9	6,108.8
Other intangible assets, net	4,499.1	4,527
Deferred tax assets	16.5	16.1
Other assets	323.9	334.5
Assets of discontinued operations - long-term	0	495.7
Total assets	15,861.9	16,058.6
Current liabilities:
Short-term borrowings and current maturities of long-term debt	40.6	40.4
Accounts payable	674.2	646.6
Accrued liabilities	754.8	769.8
Liabilities of discontinued operations - current	66.7	41.8
Total current liabilities	1,536.3	1,498.6
Long-term debt, less current maturities	3,823.2	3,859.1
Pensions and other postretirement benefits	266.3	274.8
Deferred income taxes	871.4	873.5
Other liabilities	339	353.3
Liabilities of discontinued operations - long-term	0	9.8
Total liabilities	6,836.2	6,869.1
Commitments and contingencies (Note 16)	0	0
Stockholders’ equity
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 420,864,854 and 420,123,978 shares issued as of March 31, 2021 and December 31, 2020, respectively	4.2	4.2
Capital in excess of par value	9,337.8	9,310.3
Accumulated deficit	(266.1)	(175.7)
Accumulated other comprehensive income (loss)	(84.4)	14.2
Treasury stock at cost; 1,495,403 and 1,496,169 shares as of March 31, 2021 and December 31, 2020, respectively	(34.8)	(33.3)
Total Ingersoll Rand Inc. stockholders’ equity	8,956.7	9,119.7
Noncontrolling interests	69	69.8
Total stockholders’ equity	9,025.7	9,189.5
Total liabilities and stockholders’ equity	$ 15,861.9	$ 16,058.6

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 50.6	$ 52.7
Accumulated depreciation on property, plant and equipment	$ 310.6	$ 291.9
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (shares)	1,000,000,000	1,000,000,000
Common stock issued (shares)	420,864,854	420,123,978
Treasury stock (shares)	1,495,403	1,496,169

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Total Ingersoll Rand Inc. Stockholders' Equity	Total Ingersoll Rand Inc. Stockholders' EquityCumulative Effect, Period of Adoption, Adjustment	Common Stock	Capital in Excess of Par Value	Accumulated Deficit	Accumulated DeficitCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interests
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13
Balance at beginning of period (shares) at Dec. 31, 2019					206.8
Balance at beginning of period at Dec. 31, 2019	$ 1,869.9	$ (1)	$ 1,869.9	$ (1)	$ 2.1	$ 2,302	$ (141.4)	$ (1)	$ (256)	$ (36.8)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(36.8)		(36.8)				(36.8)
Acquisition of Ingersoll Rand Industrial (shares)					211
Acquisition of Ingersoll Rand Industrial	7,010.3		6,937		$ 2.1	6,934.9					73.3
Costs of issuing equity securities	(1)		(1)			(1)
Issuance of common stock for stock-based compensation plans (shares)					0.4
Issuance of common stock for stock-based compensation plans	2.2		2.2			2.2
Purchases of treasury stock	(0.8)		(0.8)							(0.8)
Issuance of treasury stock for stock-based compensation plans	0.4		0.4			(1)				1.4
Stock-based compensation	4.4		4.4			4.4
Other comprehensive income (loss), net of tax	(92.1)		(88.1)						(88.1)		(4)
Balance at end of period (shares) at Mar. 31, 2020					418.2
Balance at end of period at Mar. 31, 2020	8,755.5		8,686.2		$ 4.2	9,241.5	(179.2)		(344.1)	(36.2)	69.3
Balance at beginning of period (shares) at Dec. 31, 2020					420.1
Balance at beginning of period at Dec. 31, 2020	9,189.5		9,119.7		$ 4.2	9,310.3	(175.7)		14.2	(33.3)	69.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(90.1)		(90.4)				(90.4)				0.3
Issuance of common stock for stock-based compensation plans (shares)					0.8
Issuance of common stock for stock-based compensation plans	4.7		4.7			4.7
Purchases of treasury stock	(3)		(3)							(3)
Issuance of treasury stock for stock-based compensation plans	0.4		0.4			(1.1)				1.5
Stock-based compensation	23.9		23.9			23.9
Other comprehensive income (loss), net of tax	(99.7)		(98.6)						(98.6)		(1.1)
Balance at end of period (shares) at Mar. 31, 2021					420.9
Balance at end of period at Mar. 31, 2021	$ 9,025.7		$ 8,956.7		$ 4.2	$ 9,337.8	$ (266.1)		$ (84.4)	$ (34.8)	$ 69

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows From Operating Activities From Continuing Operations:
Net loss	$ (90.1)	$ (36.8)
Income (loss) from discontinued operations, net of tax	(201.7)	1.2
Income (loss) from continuing operations	111.6	(38)
Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities from continuing operations:
Amortization of intangible assets	93.7	49.3
Depreciation	25.3	13.9
Stock-based compensation expense	23.3	3.4
Foreign currency transaction losses (gains), net	(18.1)	2.3
Deferred income taxes	(4.8)	(1.1)
Other non-cash adjustments	(0.4)	2
Changes in assets and liabilities:
Receivables	(53.6)	12.1
Inventories	(56.1)	(19.4)
Accounts payable	31.4	81.1
Accrued liabilities	(8.1)	(80.3)
Other assets and liabilities, net	(21.6)	12.7
Net cash provided by operating activities from continuing operations	122.6	38
Cash Flows From (Used In) Investing Activities From Continuing Operations:
Capital expenditures	(15)	(7.6)
Net cash acquired (paid) in business combinations	(202.5)
Net cash acquired (paid) in business combinations		41.3
Disposals of property, plant and equipment	9.6	0.1
Net cash provided by (used in) investing activities from continuing operations	(207.9)	33.8
Cash Flows Used In Financing Activities From Continuing Operations:
Principal payments on long-term debt	(9.9)	(1,590.6)
Proceeds from long-term debt	0	1,586
Purchases of treasury stock	(3)	(0.8)
Proceeds from stock option exercises	5.1	2.7
Payments of contingent consideration	0	(0.7)
Payments of debt issuance costs	0	(37.5)
Payments of costs incurred to issue shares for Ingersoll Rand Industrial acquisition	0	(1)
Net cash used in financing activities from continuing operations	(7.8)	(41.9)
Cash Flows From (Used In) Discontinued Operations:
Net cash provided by (used in) operating activities	(0.3)	30.4
Net cash used in investing activities	(0.3)	(0.7)
Net cash provided by (used in) discontinued operations	(0.6)	29.7
Effect of exchange rate changes on cash and cash equivalents	(17.6)	(9.4)
Net increase (decrease) in cash and cash equivalents	(111.3)	50.2
Cash and cash equivalents, beginning of period	1,750.9	505.5
Cash and cash equivalents, end of period	1,639.6	555.7
Supplemental Cash Flow Information
Cash paid for income taxes	26.7	12.4
Cash paid for interest	19.9	25.9
Capital expenditures in accounts payable	$ 3.4	$ 4.4

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recent Accounting Pronouncements	Basis of Presentation and Recent Accounting Pronouncements Basis of Presentation Ingersoll Rand Inc. is a diversified, global manufacturer of highly engineered, application-critical flow control products and provider of related aftermarket parts and services. The accompanying condensed consolidated financial statements include the accounts of Ingersoll Rand Inc. and its majority-owned subsidiaries (collectively referred to herein as “Ingersoll Rand” or the “Company”). The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting, the instructions for Form 10-Q and Article 10 of the U.S. Securities and Exchange Commission (“SEC”) Regulation S-X. In the Company’s opinion, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for the interim periods presented. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2020. We have reclassified certain prior year amounts, including the results of discontinued operations, to conform to the current year presentation. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations. See Note 2 “ Discontinued Operations ” for information on discontinued operations. The results of operations for the interim period ended March 31, 2021 are not necessarily indicative of future results. The ongoing novel Coronavirus (“COVID-19”) pandemic is a continuously evolving situation around the globe that has negatively impacted and could continue to negatively impact the global economy. The Company’s operating results will be subject to fluctuations based on general economic conditions, and the extent to which COVID-19 may ultimately impact its business will depend on future developments, which are highly uncertain and cannot be predicted with confidence, such as the ultimate extent of the spread of the disease and the duration of the outbreak and business closures or business disruptions for the Company, suppliers and customers. Recently Adopted Accounting Standard Updates (“ASU”) In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which added an impairment model that is based on expected losses rather than incurred losses and is called the Current Expected Credit Losses (“CECL”) model. This impairment model is applicable to loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables as well as any other financial asset with the contractual right to receive cash. Under the new model, an allowance equal to the estimate of lifetime expected credit losses is recognized which will result in more timely loss recognition. The guidance is intended to reduce complexity by decreasing the number of credit impairment models. The Company adopted this guidance on January 1, 2020, using a modified retrospective transition method. The Company recorded a cumulative-effect adjustment on the adoption date increasing “Accumulated deficit” in the Condensed Consolidated Balance Sheets by $1.0 million and decreasing “Accounts receivable, net of allowance for credit losses” in the Condensed Consolidated Balance Sheets by $1.0 million. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in this update simplify the accounting for income taxes by removing certain exceptions and amending and clarifying existing guidance. The Company adopted this guidance on January 1, 2021. The adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU 2020-4, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for a limited time to ease the potential burden of accounting for reference rate reform on financial reporting. This guidance applies to contracts, hedging relationships and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates. The guidance is effective beginning on March 12, 2020 through December 31, 2022. The Company has not utilized any of the optional expedients or exceptions available under this ASU. The Company will continue to assess whether this ASU is applicable throughout the effective period. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which explicitly clarifies which contracts, hedging relationships, and other transactions are within the scope of the optional expedients and exceptions allowed under Topic 848 . The Company has not utilized any of the optional expedients or exceptions available under Topic 848. The Company will continue to assess whether this ASU is applicable throughout the effective period, in conjunction with our assessment of ASU 2020-4.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations High Pressure Solutions On February 14, 2021, the Company entered into an agreement to sell a majority interest in its High Pressure Solutions (“HPS”) business to private equity firm American Industrial Partners. The divested business comprised assets including trade receivables, inventory, property, customer lists, trademarks and certain intellectual property and liabilities for accounts payable and other accrued expenses. In exchange for selling a majority interest of 55%, the Company received cash of $300.0 million at closing and retains a 45% common equity interest in the newly-formed entity comprising the HPS business. The transaction closed and proceeds were received on April 1, 2021. We are unable to estimate the period of time the Company will maintain its investment. The HPS business met the criteria for assets held for sale during the first quarter of 2021 and therefore is presented as a discontinued operation and its net assets are classified as held for sale and comparable prior periods are recast to reflect this change. The Company recognized a loss on disposal of $203.3 million in the three month period ended March 31, 2021 to reduce the carrying value of the HPS business to the estimated fair value of net proceeds and residual equity interest less costs to sell. The results of operations of the HPS business are presented as discontinued operations as summarized below: For the Three Month Period Ended March 31, 2021 2020 Revenues $ 62.4 $ 96.4 Cost of sales 50.5 69.6 Gross Profit 11.9 26.8 Selling and administrative expenses 4.3 8.2 Amortization of intangible assets 2.4 5.9 Other operating expense, net 8.1 3.4 Loss on disposal group 203.3 — Income (Loss) from Discontinued Operations Before Income Taxes (206.2) 9.3 Provision (benefit) for income taxes (4.5) 8.1 Income (Loss) from Discontinued Operations, Net of Tax $ (201.7) $ 1.2 The carrying amount of major classes of assets and liabilities classified that were included in discontinued operations at March 31, 2021 and December 31, 2020 related to the HPS business consist of the following (long-term assets and liabilities as of March 31, 2021 have been reclassified as current in the Condensed Consolidated Balance Sheets): March 31, 2021 December 31, 2020 Assets Current assets: Accounts receivable, net $ 54.2 $ 32.2 Inventories 156.7 158.3 Other current assets 3.3 1.3 Total current assets 214.2 191.8 Property, plant and equipment, net 81.5 82.9 Goodwill 194.8 194.8 Other intangible assets, net 203.2 205.6 Other assets 14.0 12.4 Total assets, before valuation allowance 707.7 687.5 Less: valuation allowance 203.3 — Total assets, net of valuation allowance $ 504.4 $ 687.5 Liabilities Current liabilities: Accounts payable $ 39.2 $ 24.5 Accrued liabilities 20.6 17.3 Total current liabilities 59.8 41.8 Other liabilities 6.9 9.8 Total liabilities $ 66.7 $ 51.6 The significant non-cash operating items and capital expenditures reflected in cash flows of discontinued operations for the three month periods ended March 31, 2021 and 2020 related to the HPS business consist of the following: For the Three Month Period Ended March 31, 2021 2020 Loss on Disposal Group $ 203.3 $ — Depreciation and amortization 4.0 9.1 Capital expenditures (0.3) (0.7)

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Combinations	Business Combinations Acquisitions in 2021 On January 31, 2021, the Company acquired the Vacuum and Blower Systems division of Tuthill Corporation for cash consideration of $184.0 million. The business operates under the tradenames M-D Pneumatics and Kinney Vacuum Pumps and is a leader in the design and manufacture of positive displacement blowers, mechanical vacuum pumps, vacuum boosters and engineered blower and vacuum systems. The results of this business are reported within the Industrial Technologies and Services segment from the date of acquisition. Due to the timing of the acquisition, the allocation of purchase price is preliminary and will be refined as additional information becomes available. The preliminary goodwill recognized of $80.1 million is attributable to the expected cost synergies, anticipated growth of new and existing customers, and the assembled workforce. The goodwill resulting from this acquisition is expected to be deductible for tax purposes. Also during the first quarter of 2021, within the Industrial Technologies and Services segment, the Company acquired three sales and service businesses for cash consideration of $15.1 million. The following table summarizes the preliminary allocation of consideration to the fair values of identifiable assets acquired and liabilities assumed at the acquisition date. M-D Pneumatics and Kinney Vacuum Pumps All Others Accounts receivable $ 4.8 $ 2.5 Inventories 3.8 1.1 Other current assets 0.1 — Property, plant and equipment 16.5 1.1 Goodwill 80.1 1.8 Other intangible assets 82.2 9.7 Total current liabilities (3.5) (0.5) Total noncurrent liabilities — (0.6) Total consideration $ 184.0 $ 15.1 The revenue and operating income included in the financial statements for these acquisitions subsequent to their date of acquisition is $10.6 million and $3.8 million, respectively. Acquisition of Ingersoll Rand Industrial in 2020 On February 29, 2020, Ingersoll Rand (formerly Gardner Denver Holdings, Inc.) completed the acquisition of and merger with Ingersoll Rand Industrial in exchange for shares of the Company's common stock with a fair value of $6,937.0 million. Fair value of Ingersoll Rand common stock issued for Ingersoll Rand Industrial outstanding common stock $ 6,919.5 Fair value attributable to pre-merger service for replacement equity awards 8.6 Fair value attributable to pre-merger service for deferred compensation plan 8.9 Total purchase consideration $ 6,937.0 This transaction was accounted for as a business combination. The assets and liabilities of Ingersoll Rand Industrial were measured at their fair values as of the date of the merger. The determination of fair values required the Company to make estimates about expected future cash flows, discount rates, royalty rates and other subjective assumptions and future events that are highly uncertain. These measurements were finalized within one year of the closing date of the transaction. The following table summarizes the allocation of consideration to the fair values of assets acquired and liabilities assumed of Ingersoll Rand Industrial as of February 29, 2020. Fair value Cash $ 38.8 Accounts receivable 585.8 Inventories 625.4 Other current assets 87.2 Property, plant and equipment 516.5 Goodwill 4,899.2 Other intangible assets 3,766.6 Other noncurrent assets 270.9 Total current liabilities, including current maturities of long-term debt of $19.0 million (753.0) Deferred tax liability (842.4) Long-term debt, net of debt issuance costs and an original issue discount (1,851.7) Other noncurrent liabilities (333.0) Noncontrolling interest (73.3) Total consideration $ 6,937.0 The Company incurred approximately $87.3 million of acquisition-related costs, of which $42.3 million was incurred in the three month period ended March 31, 2020. The remainder was incurred in 2019. These costs are presented within “Other operating expenses, net” in the Condensed Consolidated Statements of Operations. For additional information, see Note 2 “ Business C o mbinations ” of the annual report on Form 10-K for the year ended December 31, 2020. Results of Ingersoll Rand Industrial Subsequent to the Acquisition The operating results of Ingersoll Rand Industrial have been included in the Company’s condensed consolidated financial statements from the date of acquisition through all subsequent periods. The Company’s condensed consolidated statements of operations for the three month periods ended March 31, 2021 and 2020 included revenues of $917.0 million and $293.4 million, respectively, and net income (loss) of $103.1 million and $(33.3) million, respectively, which include the effects of purchase accounting adjustments, primarily the amortization of intangible assets and the impacts on operating expenses of fair value adjustments to acquired inventory and property, plant and equipment. Unaudited Pro Forma Information The following unaudited pro forma financial information summarizes the combined results of operations for the Company and Ingersoll Rand Industrial as if the acquisition had been completed on January 1, 2019. The pro forma results have been prepared for comparative purposes only and do not necessarily represent what the revenue or results of operations would have been had the acquisition been completed on January 1, 2019. In addition, these results are not intended to be a projection of future operating results and do not reflect synergies that might be achieved. For the Three Month Period Ended March 31, 2020 Revenues $ 1,269.8 Net Loss (0.2) The unaudited pro forma information includes adjustments for the preliminary purchase price allocation (including, but not limited to, amortization and depreciation for intangible assets and property, plant and equipment acquired, adjustments to stock-based compensation expense, fair value adjustments to acquired inventories, the purchase accounting effect on deferred revenue, interest expense and amortization of debt issuance costs, transaction costs and related tax impacts) and the alignment of accounting policies. The table below reflects the impact of material and nonrecurring adjustments to the unaudited pro forma results for the three month periods ended March 31, 2021 and 2020 that are directly attributable to the acquisition. For the Three Month Period Ended March 31, 2020 Increase (decrease) to revenue as a result of deferred revenue fair value adjustment, net of tax $ — Increase (decrease) to expense as a result of inventory fair value adjustment, net of tax (31.1) Increase (decrease) to expense as a result of transaction costs, net of tax (38.1) Other Acquisitions in 2020 On September 1, 2020, the Company acquired a manufacturer of electric peristaltic pumps for cash consideration, net of cash acquired, of $15.5 million and deferred consideration of $0.9 million. The results of this business are reported within the Precision and Science Technologies segment from the date of acquisition. Also in the third quarter, within the Industrial Technologies and Services segment, the Company acquired two sales and service businesses for cash consideration of $15.0 million and deferred consideration of $5.1 million. The revenue and operating income included in the financial statements for these acquisitions subsequent to their date of acquisition is $5.3 million and $2.0 million, respectively.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring Restructuring Program 2020 to 2022 Subsequent to the acquisition of Ingersoll Rand Industrial, the Company announced a restructuring program (“2020 Plan”) to create efficiencies and synergies, reduce the number of facilities and optimize operating margin within the merged Company. The Company expects to incur total expenses of approximately $350.0 million related to workforce reductions, lease termination costs, other facility rationalization costs and other business related transformation costs from 2020 until 2022. The Company continues to evaluate operating efficiencies and anticipates incurring additional costs in the coming years in connection with these activities, but is unable to estimate those amounts at this time as such plans are not yet finalized. For the three month period ended March 31, 2021, expense of $2.4 million was recognized within “Other operating expense, net” in the Condensed Consolidated Statements of Operations ($1.7 million for Industrial Technologies and Services, $0.3 million for Precision and Science Technologies and $0.4 million for Corporate). Through March 31, 2021, we recognized expense related to the 2020 Plan of $72.0 million, $7.2 million, $6.4 million and $0.8 million for Industrial Technologies and Services, Precision and Science Technologies, Corporate and Specialty Vehicle Technologies, respectively. The following table summarizes the activity associated with the Company’s restructuring programs for the three month period ended March 31, 2021. For the Three Month Period Ended March 31, 2021 2020 Balance at beginning of period $ 17.5 $ 4.8 Charged to expense - termination benefits 2.4 35.7 Charged to expense - other — 2.8 Payments (7.6) (15.5) Currency translation adjustment and other (0.4) — Balance at end of period $ 11.9 $ 27.8

Inventories

Inventories	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories as of March 31, 2021 and December 31, 2020 consisted of the following. March 31, 2021 December 31, 2020 Raw materials, including parts and subassemblies $ 509.7 $ 486.8 Work-in-process 69.6 63.6 Finished goods 244.4 226.1 823.7 776.5 Excess of LIFO costs over FIFO costs 8.8 8.8 Inventories $ 832.5 $ 785.3

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The changes in the carrying amount of goodwill attributable to each reportable segment for the three month period ended March 31, 2021 is presented in the table below. Industrial Technologies and Services Precision and Science Technologies Specialty Vehicle Technologies Total Balance as of December 31, 2020 $ 4,151.2 $ 1,431.4 $ 526.2 $ 6,108.8 Acquisitions 78.9 — 8.1 87.0 Foreign currency translation (27.7) (13.3) 0.1 (40.9) Balance as of March 31, 2021 $ 4,202.4 $ 1,418.1 $ 534.4 $ 6,154.9 As of March 31, 2021, goodwill included accumulated impairment losses of $220.6 million within the Industrial Technologies and Services segment. Other Intangible Assets, Net Other intangible assets as of March 31, 2021 and December 31, 2020 consisted of the following. March 31, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets Customer lists and relationships $ 3,261.1 $ (896.2) $ 2,364.9 $ 3,256.2 $ (872.0) $ 2,384.2 Technology 282.3 (47.8) 234.5 285.9 (39.0) 246.9 Tradenames 41.3 (16.5) 24.8 41.8 (15.6) 26.2 Other 110.6 (63.4) 47.2 100.5 (55.2) 45.3 Unamortized intangible assets Tradenames 1,827.7 — 1,827.7 1,824.4 — 1,824.4 Total other intangible assets $ 5,523.0 $ (1,023.9) $ 4,499.1 $ 5,508.8 $ (981.8) $ 4,527.0 Intangible Asset Impairment Considerations As of March 31, 2021, there were no indications that the carrying value of goodwill and other intangible assets may not be recoverable.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities as of March 31, 2021 and December 31, 2020 consisted of the following. March 31, 2021 December 31, 2020 Salaries, wages and related fringe benefits $ 197.3 $ 229.6 Contract liabilities 188.9 172.0 Product warranty 51.8 52.5 Operating lease liabilities 47.6 49.4 Restructuring 11.9 17.5 Taxes 121.2 116.0 Other 136.1 132.8 Total accrued liabilities $ 754.8 $ 769.8 A reconciliation of the changes in the accrued product warranty liability for the three month periods ended March 31, 2021 and 2020 are as follows. For the Three Month Period Ended March 31, 2021 2020 Balance at beginning of period $ 52.5 $ 19.1 Product warranty accruals 4.4 6.1 Acquired warranty 0.1 31.3 Settlements (4.8) (6.8) Charged to other accounts (1) (0.4) (0.5) Balance at end of period $ 51.8 $ 49.2 (1) Primarily the effects of foreign currency translation adjustments

Benefit Plans

Benefit Plans	3 Months Ended
	Mar. 31, 2021
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Net Periodic Benefit Cost The following table summarizes the components of net periodic benefit cost for the Company’s defined benefit pension plans and other postretirement benefit plans recognized for the three month periods ended March 31, 2021 and 2020. Pension Benefits Other Postretirement Benefits U.S. Plans Non-U.S. Plans For the Three Month Period Ended March 31, For the Three Month Period Ended March 31, For the Three Month Period Ended March 31, 2021 2020 2021 2020 2021 2020 Service cost $ 1.7 $ 0.6 $ 1.1 $ 0.7 $ — $ — Interest cost 2.7 1.2 1.2 1.5 0.2 0.1 Expected return on plan assets (3.1) (1.6) (3.1) (2.7) — — Recognition of: Unrecognized prior service cost — — — — (0.1) — Unrecognized net actuarial loss — — 1.3 0.7 — — $ 1.3 $ 0.2 $ 0.5 $ 0.2 $ 0.1 $ 0.1 The components of net periodic benefit cost other than the service cost component are included in “Other income, net” in the Condensed Consolidated Statements of Operations.

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt Debt as of March 31, 2021 and December 31, 2020 is summarized as follows. March 31, 2021 December 31, 2020 Short-term borrowings $ — $ — Long-term debt: Revolving credit facility, due 2025 $ — $ — Dollar Term Loan B, due 2027 (1) 1,879.0 1,883.7 Dollar Term Loan, due 2027 (2) 917.4 919.6 Euro Term Loan, due 2027 (3) 697.3 728.0 Dollar Term Loan Series A, due 2027 (4) 391.7 392.4 Finance leases and other long-term debt 17.8 17.2 Unamortized debt issuance costs (39.4) (41.4) Total long-term debt, net, including current maturities 3,863.8 3,899.5 Current maturities of long-term debt 40.6 40.4 Total long-term debt, net $ 3,823.2 $ 3,859.1 (1) As of March 31, 2021, this amount is presented net of unamortized discounts of $2.0 million. As of March 31, 2021, the applicable interest rate was approximately 1.86% and the weighted-average interest rate was 1.88% for the three month period ended March 31, 2021. (2) As of March 31, 2021, this amount is presented net of unamortized discounts of $1.0 million. As of March 31, 2021, the applicable interest rate was approximately 1.86% and the weighted average interest rate was 1.88% for the three month period ended March 31, 2021. (3) As of March 31, 2021, this amount is presented net of unamortized discounts of $0.7 million. As of March 31, 2021, the applicable interest rate was 2.00% and the weighted average interest rate was 2.00% for the three month period ended March 31, 2021. (4) As of March 31, 2021, this amount is presented net of unamortized discounts of $5.3 million. As of March 31, 2021, the applicable interest rate was approximately 2.86% and the weighted average interest rate was 2.88% for the three month period ended March 31, 2021. Senior Secured Credit Facilities The Company entered into a Senior Secured Credit Agreement (“Credit Agreement”) with UBS AG, Stamford Branch, as administrative agent, and other agents, lenders and parties thereto (the debt facilities under the Credit Agreement, the “Senior Secured Credit Facilities”) on July 30, 2013. The Company entered into Amendment No. 1 to the Credit Agreement with UBS AG, Stamford Branch, as administrative agent, and the lenders and other parties thereto on March 4, 2016 (“Amendment No. 1”), Amendment No. 2 on August 17, 2017 (“Amendment No. 2”) and Amendment No. 3 on December 13, 2018 (“Amendment No. 3”). Amendment No. 4 to the Credit Agreement, among other modifications, replaced UBS AG, as resigning agent, with Citibank, N.A. as successor agent, on June 28, 2019 (“Amendment No. 4”). The Senior Secured Credit Facilities provided senior secured financing consisting of (i) a senior secured term loan facility denominated in U.S. dollars (as refinanced and otherwise modified from time to time prior to February 28, 2020, the “Original Dollar Term Loan”), (ii) a senior secured term loan facility denominated in Euros (as refinanced and otherwise modified from time to time prior to February 28, 2020, the “Original Euro Term Loan”) and (iii) a senior secured revolving credit facility (as refinanced and otherwise modified from time to time the “Revolving Credit Facility”). The Revolving Credit Facility is available to be drawn in U.S. dollars (“USD”), Euros (“EUR”), Great British Pounds (“GBP”) and other reasonably accepted foreign currencies, subject to certain sublimits for the foreign currencies. See Note 10 “Debt” to the consolidated financial statements in the Company’s annual report on Form 10-K for the year ended December 31, 2020 for further information on the amendments to the Senior Secured Credit Facilities. On February 28, 2020, the Company entered into Amendment No. 5 to the Credit Agreement (“Amendment No. 5”). Amendment No. 5 refinanced the existing Original Dollar Term Loan and Original Euro Term Loan. The proceeds from the replacement $927.6 million Dollar Term Loan (“Dollar Term Loan”) and replacement €601.2 million Euro Term Loan (“Euro Term Loan”) were used to refinance the outstanding Original Dollar Term Loan and Original Euro Term Loan. The proceeds from the Dollar Term Loan and the Euro Term Loan were reduced by an original issue discount of $1.2 million and €0.8 million, respectively. The Euro Term Loan and Dollar Term Loan will mature on February 28, 2027. The refinancing of the Original Dollar Term Loan and the Original Euro Term Loan resulted in the write off of unamortized debt issuance costs of $2.0 million which was presented within “Loss on extinguishment of debt” in the Condensed Consolidated Statements of Operations. At the time of the acquisition of Ingersoll Rand Industrial, the Credit Agreement was amended to include an additional $1,900.0 million senior secured term loan (“Dollar Term Loan B”) by and among Ingersoll-Rand Services Company, as the borrower, the lenders party thereto and Citi, as the administrative agent. Further, Ingersoll-Rand Services Company, the borrower with respect to the Dollar Term Loan B, was designated as an additional borrower under the Credit Agreement. The Dollar Term Loan B and the Dollar Term Loan and the Euro Term Loan have guarantees from the same credit parties and are secured by the same collateral. The Dollar Term Loan B will mature on February 28, 2027. The proceeds from the $1,900.0 million Dollar Term Loan B were reduced by a $2.4 million original issue discount. On February 29, 2020, the aggregate amount of the Revolving Credit Facility increased to $1,000.0 million and the capacity under the Revolving Credit Facility to issue letters of credit increased to $400.0 million. On June 29, 2020, the Company entered into Amendment No. 6 to the Credit Agreement (“Amendment No. 6”). Amendment No. 6 (i) provided for $400.0 million of incremental term loans (“Dollar Term Loan Series A”), reduced by an original issue discount of $6.0 million, and (ii) established an increase of $100.0 million to the Revolving Credit Facility, bringing the total sum of the Revolving Credit Facility to $1,100.0 million. No specific use of proceeds arising from Amendment No. 6 has been identified. The proceeds are expected to be used for general business purposes, including providing incremental liquidity in the event of a prolonged adverse impact of the COVID-19 pandemic. As of March 31, 2021, the aggregate amount of commitments under the Revolving Credit Facility was $1,100.0 million and the capacity under the Revolving Credit Facility to issue letters of credit was $400.0 million. As of March 31, 2021, the Company had no outstanding borrowings under the Revolving Credit Facility, outstanding letters of credit under the Revolving Credit Facility of $105.4 million and unused availability under the Revolving Credit Facility of $994.6 million. Interest Rates and Fees Borrowings under the Dollar Term Loan, Dollar Term Loan B, Dollar Term Loan Series A, and Revolving Credit Facility bear interest at a rate equal to, at the Company’s option, either (a) the greater of LIBOR for the relevant interest period or 0.00% per annum, in each case adjusted for statutory reserve requirements, plus an applicable margin or (b) a base rate (the “Base Rate”) equal to the highest of (1) the rate of interest publicly announced by the administrative agent as its prime rate in effect at its principal office, (2) the federal funds effective rate plus 0.50%, (3) LIBOR for an interest period of one month, adjusted for statutory reserve requirements, plus 1.00% and (4) 1.00%, in each case, plus an applicable margin. Borrowings under the Euro Term Loan bear interest at a rate equal to the greater of LIBOR for the relevant interest period, or 0.00% per annum, in each case adjusted for statutory reserve requirements, plus an applicable margin. The applicable margin for (i) the Dollar Term Loan is 1.75% for LIBOR loans and 0.75% for base rate loans, (ii) the Dollar Term Loan B is 1.75% for LIBOR loans and 0.75% for base rate loans, (iii) the Dollar Term Loan Series A is 2.75% for LIBOR loans and 1.75% for base rate loans, (iv) the Revolving Credit Facility is 2.00% for LIBOR loans and 1.00% for Base Rate loans and (v) the Euro Term Loan is 2.00% for LIBOR loans. In addition to interest payments on outstanding principal under the Senior Secured Credit Facilities, the Company is required to pay a commitment fee of 0.375% per annum to the lenders under the Revolving Credit Facility in respect of the unutilized commitments thereunder. The commitment fee reduces to 0.25% or 0.125% upon the achievement of a Level I or Level II status, respectively. Level I status means that the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio (as defined in the Senior Secured Credit Facilities) is less than or equal to 1.75 to 1.00. Level II status means that the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is less than or equal to 1.50 to 1.00. The Company must also pay customary letter of credit fees. Prepayments The Senior Secured Credit Facilities require the Company to prepay outstanding term loans, subject to certain exceptions, with (i) 50% of annual excess cash flow (as defined in the Senior Credit Facilities) commencing with the fiscal year ending December 31, 2021 (which percentage will be reduced to 25% if the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is less than or equal to 2.25 to 1.00 but greater than 2.00 to 1.00, and which prepayment will not be required if the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is less than or equal to 2.00 to 1.00), (ii) 100% of the net cash proceeds of non-ordinary asset sales or other dispositions of property, subject to reinvestment rights (which percentage will be reduced to 50% if the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is less than or equal to 2.25 to 1.00 but greater than 2.00 to 1.00 and which prepayment will not be required if the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio is less than or equal to 2.00 to 1.00), and (iii) 100% of the net cash proceeds of any incurrence of debt, other than proceeds from debt permitted under the Credit Agreement. The mandatory prepayments will be applied to the scheduled installments of principal of the term loans in direct order of maturity. The Company may voluntarily repay outstanding loans under the Senior Secured Credit Facilities at any time without premium or penalty, subject to certain customary conditions, including reimbursements of the lenders’ redeployment costs actually incurred in the case of a prepayment of LIBOR borrowings other than on the last day of the relevant interest period, provided that (i) any voluntary prepayment of the Dollar Term Loan, the Dollar Term Loan B or the Euro Term Loan prior to August 28, 2020, in connection with a repricing transaction shall be subject to a prepayment premium of 1.00% of the principal amount so prepaid and (ii) any voluntary prepayment of Dollar Term Loan Series A prior to December 29, 2020, in connection with a repricing transaction shall be subject to a prepayment premium of 1.00% of the principal amount so prepaid. Amortization and Final Maturity The Dollar Term Loan, Dollar Term Loan B, Dollar Term Loan Series A, and Euro Term Loan amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% of the original principal amount of such term loan, with the balances payable on February 28, 2027. Guarantee and Security All obligations of the borrowers under the Senior Secured Credit Facilities are unconditionally guaranteed by the Company and all of its material, wholly-owned U.S. restricted subsidiaries, with customary exceptions including where providing such guarantees are not permitted by law, regulation or contract or would result in adverse tax consequences. All obligations of the borrowers under the Senior Secured Credit Facilities, and the guarantees of such obligations, are secured, subject to permitted liens and other exceptions, by substantially all of the assets of the borrowers and each guarantor, including but not limited to: (i) a perfected pledge of the capital stock issued by the borrowers and each subsidiary guarantor and (ii) perfected security interests in substantially all other tangible and intangible assets of the borrowers and the guarantors (subject to certain exceptions and exclusions). The obligations of the non-U.S. borrowers are secured by certain assets in jurisdictions outside of the United States. Certain Covenants and Events of Default The Senior Secured Credit Facilities contain a number of covenants that, among other things, restrict, subject to certain exceptions, the Company’s ability to: incur additional indebtedness and guarantee indebtedness; create or incur liens; engage in mergers or consolidations; sell, transfer or otherwise dispose of assets; create limitations on subsidiary distributions; pay dividends and distributions or repurchase its own capital stock; and make investments, loans or advances, prepayments of junior financings, or other restricted payments. The Revolving Credit Facility requires that, if the sum of the aggregate principle amount of all borrowings under the Revolving Credit Facility and non-cash collateralized letters of credit outstanding under the Revolving Credit Facility (less the amount of letters of credit outstanding as of June 28, 2019) exceeds 40% of the commitments under the Revolving Credit Facility, the Company’s Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio shall not exceed 6.25 to 1.00 as of the last day of the fiscal quarter. The Senior Secured Credit Facilities also contain certain customary affirmative covenants and events of default.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	Stock-Based Compensation PlansThe Company has outstanding stock-based compensation awards granted under the 2013 Stock Incentive Plan (“2013 Plan”) and the 2017 Omnibus Incentive Plan (“2017 Plan”) as described in Note 17, “Stock-Based Compensation Plans” to the consolidated financial statements in its annual report on Form 10-K for the year ended December 31, 2020. Stock-Based Compensation Stock-based compensation expense for the three month periods ended March 31, 2021 and 2020 are included in “Cost of sales” and “Selling and administrative expenses” in the Condensed Consolidated Statements of Operations and are as follows. For the Three Month Period Ended March 31, 2021 2020 Stock-based compensation expense - continuing and discontinued operations $ 24.1 $ 3.5 Stock-based compensation expense recognized in discontinued operations 0.8 0.1 Stock-based compensation expense recognized in continuing operations $ 23.3 $ 3.4 Of the $24.1 million of expense for equity awards granted under the 2013 Plan and 2017 Plan, $16.8 million related to the $150 million equity grant to nearly 16,000 employees worldwide made in the third quarter of 2020. As of March 31, 2021, there was $175.5 million of total unrecognized compensation expense related to outstanding stock options, restricted stock unit awards and performance stock unit awards. The Company’s stock-based compensation awards are typically granted in the first quarter of the year and primarily consist of stock options, restricted stock units and performance share units. Eligible employees were also granted restricted stock units, during the three months ended September 30, 2020, that vest ratably over two years, subject to the passage of time and the employee's continued employment during such period. In some instances, such as death, awards may vest concurrently with or following an employee's termination. Stock Option Awards Stock options are granted to employees with an exercise price equal to the fair value of the Company’s per share common stock on the date of grant. Stock option awards typically vest over four A summary of the Company’s stock option (including SARs) activity for the three month period ended March 31, 2021 is presented in the following table (underlying shares in thousands). Shares Weighted-Average Exercise Price (per share) Stock options outstanding as of December 31, 2020 7,742 $ 18.47 Granted 757 45.58 Exercised or settled (334) 15.30 Forfeited (42) 26.03 Expired (5) 9.07 Stock options outstanding as of March 31, 2021 8,118 21.09 Vested as of March 31, 2021 5,383 15.57 The following assumptions were used to estimate the fair value of options granted (excluding previously disclosed converted awards) during the three month periods ended March 31, 2021 and 2020 using the Black-Scholes option-pricing model. For the Three Month Period Ended March 31, Assumptions 2021 2020 Expected life of options (in years) 6.3 6.3 Risk-free interest rate 0.9 % 0.7% - 1.5% Assumed volatility 39.4 % 24.6% - 39.0% Expected dividend rate 0.0 % 0.0 % Restricted Stock Unit Awards Restricted stock units are granted to employees and non-employee directors based on the market price of the Company’s common stock on the grant date and recognized in compensation expense over the vesting period. A summary of the Company’s restricted stock unit activity for the three month period ended March 31, 2021 is presented in the following table (underlying shares in thousands). Shares Weighted-Average Grant-Date Fair Value Non-vested as of December 31, 2020 5,546 $ 33.09 Granted 326 45.58 Vested (476) 28.51 Forfeited (126) 33.66 Non-vested as of March 31, 2021 5,270 34.26 Performance Share Unit Awards Performance share units are granted to employees and are subject to a three years performance period. The number of shares issued at the end of the performance period is determined by the Company’s total shareholder return percentile rank versus the S&P 500 index for the three year performance period. The grant date fair value of these awards is determined using a Monte Carlo simulation pricing model and compensation cost is recognized straight-line over a three year period. A summary of the Company’s performance stock unit activity for the three month period ended March 31, 2021 is presented in the following table (underlying shares in thousands). Shares Weighted-Average Grant-Date Fair Value Non-vested as of December 31, 2020 255 $ 29.72 Granted 158 55.84 Forfeited (6) 29.72 Non-vested as of March 31, 2021 407 39.88 The following assumptions were used to estimate the fair value of performance share units granted during the three month periods ended March 31, 2021 and 2020 using the Monte Carlo simulation pricing model. For the Three Month Period Ended March 31, Assumptions 2021 2020 Expected term (in years) 2.9 2.8 Risk-free interest rate 0.2 % 0.5 % Assumed volatility 36.9 % 35.2 % Expected dividend rate — % — %

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The Company’s other comprehensive income (loss) consists of (i) unrealized foreign currency net gains and losses on the translation of the assets and liabilities of its foreign operations; (ii) realized and unrealized foreign currency gains and losses on intercompany notes of a long-term nature and certain hedges of net investments in foreign operations, net of income taxes; (iii) unrealized gains and losses on cash flow hedges (consisting of interest rate swaps), net of income taxes; and (iv) pension and other postretirement prior service cost and actuarial gains or losses, net of income taxes. See Note 8 “ Benefit Plans ” and Note 12 “ Hedging Activities , Derivative Instruments and Fair Value Measurements .” The before tax income (loss) and related income tax effect are as follows. For the Three Month Period Ended March 31, 2021 For the Three Month Period Ended March 31, 2020 Before-Tax Amount Tax Benefit or (Expense) Net of Tax Amount Before-Tax Amount Tax Benefit or (Expense) Net of Tax Amount Foreign currency translation adjustments, net $ (107.2) $ 7.4 $ (99.8) $ (89.5) $ (2.7) $ (92.2) Unrecognized gains on cash flow hedges, net — — — 1.6 (0.4) 1.2 Pension and other postretirement benefit prior service cost and gain or loss, net 1.5 (0.3) 1.2 3.5 (0.6) 2.9 Other comprehensive loss $ (105.7) $ 7.1 $ (98.6) $ (84.4) $ (3.7) $ (88.1) The tables above include only the other comprehensive income (loss), net of tax, attributable to Ingersoll Rand Inc. Other comprehensive income (loss), net, attributable to noncontrolling interest holders was $(1.1) million and $(4.0) million for the three month periods ended March 31, 2021 and 2020, respectively, and related entirely to foreign currency translation adjustments. Changes in accumulated other comprehensive income (loss) by component for the three month periods ended March 31, 2021 and 2020 are presented in the following table (1) . Foreign Currency Translation Adjustments, Net Unrecognized Gains (Losses) on Cash Flow Hedges Pension and Other Postretirement Benefit Plans Total Balance as of December 31, 2020 $ 74.6 $ — $ (60.4) $ 14.2 Other comprehensive income (loss) before reclassifications (99.8) — 0.2 (99.6) Amounts reclassified from accumulated other comprehensive income (loss) — — 1.0 1.0 Other comprehensive income (loss) (99.8) — 1.2 (98.6) Balance as of March 31, 2021 $ (25.2) $ — $ (59.2) $ (84.4) Foreign Currency Translation Adjustments, Net Unrecognized Gains (Losses) on Cash Flow Hedges Pension and Other Postretirement Benefit Plans Total Balance as of December 31, 2019 $ (193.6) $ (10.9) $ (51.5) $ (256.0) Other comprehensive income (loss) before reclassifications (92.2) (2.8) 2.4 (92.6) Amounts reclassified from accumulated other comprehensive income (loss) — 4.0 0.5 4.5 Other comprehensive income (loss) (92.2) 1.2 2.9 (88.1) Balance as of March 31, 2020 $ (285.8) $ (9.7) $ (48.6) $ (344.1) (1) All amounts are net of tax. Amounts in parentheses indicate debits. Reclassifications out of accumulated other comprehensive income (loss) for the three month periods ended March 31, 2021 and 2020 are presented in the following table. Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Details about Accumulated Other Comprehensive Income (Loss) Components For the Three Month Period Ended March 31, Affected Line(s) in the Statement Where Net Income is Presented 2021 2020 Loss on cash flow hedges (interest rate swaps) $ — $ 5.3 Interest expense Benefit for income taxes — (1.3) Benefit for income taxes Loss on cash flow hedges (interest rate swaps), net of tax $ — $ 4.0 Amortization of defined benefit pension and other postretirement benefit items (1) $ 1.3 $ 0.7 Cost of sales and Selling and administrative expenses Benefit for income taxes (0.3) (0.2) Benefit for income taxes Amortization of defined benefit pension and other postretirement benefit items, net of tax $ 1.0 $ 0.5 Total reclassifications for the period, net of tax $ 1.0 $ 4.5 (1) These components are included in the computation of net periodic benefit cost. See Note 8 “ Benefit Plans ” for additional details.

Hedging Activities, Derivative

Hedging Activities, Derivative Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Hedging Activities, Derivative Instruments and Fair Value Measurements	Hedging Activities, Derivative Instruments and Fair Value Measurements Hedging Activities The Company is exposed to certain market risks during the normal course of its business arising from adverse changes in interest rates and foreign currency exchange rates. The Company selectively uses derivative financial instruments (“derivatives”), including foreign currency forward contracts and interest rate swaps, to manage the risks from fluctuations in foreign currency exchange rates and interest rates, respectively. The Company does not purchase or hold derivatives for trading or speculative purposes. Fluctuations in interest rates and foreign currency exchange rates can be volatile, and the Company’s risk management activities do not totally eliminate these risks. Consequently, these fluctuations could have a significant effect on the Company’s financial results. The Company’s exposure to interest rate risk results primarily from its variable-rate borrowings. The Company manages its debt centrally, considering tax consequences and its overall financing strategies. The Company manages its exposure to interest rate risk by using pay-fixed interest rate swaps, from time to time, as cash flow hedges of variable rate debt in order to adjust the relative fixed and variable proportions. A substantial portion of the Company’s operations is conducted by its subsidiaries outside of the United States in currencies other than the USD. Almost all of the Company’s non-U.S. subsidiaries conduct their business primarily in their local currencies, which are also their functional currencies. Other than the USD, the EUR, GBP, Chinese Renminbi and Indian rupee are the principal currencies in which the Company and its subsidiaries enter into transactions. The Company is exposed to the impacts of changes in foreign currency exchange rates on the translation of its non-U.S. subsidiaries’ assets, liabilities and earnings into USD. The Company has certain U.S. subsidiaries borrow in currencies other than the USD. The Company and its subsidiaries are also subject to the risk that arises when they, from time to time, enter into transactions in currencies other than their functional currency. To mitigate this risk, the Company and its subsidiaries typically settle intercompany trading balances at least quarterly. The Company also selectively uses forward currency contracts to manage this risk. These contracts for the sale or purchase of European and other currencies generally mature within one year. Derivative Instruments The following table summarizes the notional amounts, fair values and classification of the Company’s outstanding derivatives by risk category and instrument type within the Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020. March 31, 2021 Derivative Classification Notional Amount (1) Fair Value (1) Other Current Assets Fair Value (1) Other Assets Fair Value (1) Accrued Liabilities Fair Value (1) Other Liabilities Derivatives Not Designated as Hedging Instruments Foreign currency forwards Fair Value 38.3 1.2 — — — Foreign currency forwards Fair Value 138.8 — — 0.5 — December 31, 2020 Derivative Classification Notional Amount (1) Fair Value (1) Other Current Assets Fair Value (1) Other Assets Fair Value (1) Accrued Liabilities Fair Value (1) Other Liabilities Derivatives Not Designated as Hedging Instruments Foreign currency forwards Fair Value 230.5 2.9 — — — Foreign currency forwards Fair Value 51.2 — — 0.7 — (1) Notional amounts represent the gross contract amounts of the outstanding derivatives excluding the total notional amount of positions that have been effectively closed through offsetting positions. The net gains and net losses associated with positions that have been effectively closed through offsetting positions but not yet settled are included in the asset and liability derivatives fair value columns, respectively. Losses on derivatives designated as cash flow hedges included in the Condensed Consolidated Statements of Comprehensive Income (Loss) for the three month periods ended March 31, 2021 and 2020 are as presented in the table below. For the Three Month Period Ended March 31, 2021 2020 Interest rate swap contracts Loss recognized in AOCI on derivatives $ — $ (3.8) Loss reclassified from AOCI into income (effective portion) (1) — (5.3) (1) Losses on derivatives reclassified from accumulated other comprehensive income (“AOCI”) into income were included within “Interest expense” in the Condensed Consolidated Statements of Operations. As of March 31, 2021, the Company has no interest rate swap contracts. Our previous interest rate swap contracts expired during the third quarter of 2020 and the remaining amounts in AOCI were reclassified to Interest expense during the same period. The Company’s LIBOR-based variable rate borrowings outstanding as of March 31, 2021 were $3,196.4 million and €595.1 million. The Company had seven foreign currency forward contracts outstanding as of March 31, 2021 with notional amounts ranging from $10.5 million to $47.8 million. These contracts are used to hedge the change in fair value of recognized foreign currency denominated assets or liabilities caused by changes in currency exchange rates. The changes in the fair value of these contracts generally offset the changes in the fair value of a corresponding amount of the hedged items, both of which are included within “Other operating expense, net” in the Condensed Consolidated Statements of Operations. The Company’s foreign currency forward contracts are subject to master netting arrangements or agreements between the Company and each counterparty for the net settlement of all contracts through a single payment in a single currency in the event of default on or termination of any one contract with that certain counterparty. It is the Company’s practice to recognize the gross amounts in the Condensed Consolidated Balance Sheets. The amount available to be netted is not material. The Company’s gains (losses) on derivative instruments not designated as accounting hedges and total net foreign currency losses for the three month periods ended March 31, 2021 and 2020 were as follows. For the Three Month Period Ended March 31, 2021 2020 Foreign currency forward contracts losses $ (0.8) $ (2.6) Total foreign currency transaction gains (losses), net 18.1 (2.3) The Company has a significant investment in consolidated subsidiaries with functional currencies other than the USD, particularly the EUR. On August 17, 2017, the Company designated its €615.0 million Original Euro Term Loan as a hedge of the Company’s net investment in subsidiaries with EUR functional currencies until it was extinguished and replaced on February 28, 2020 b y a €601.2 million E uro Term Loan, further described in Note 9 “ Debt ”. As of March 31, 2021, the Euro Term Loan of €595.1 million remained designated. The Company’s gains (losses), net of income tax, associated with changes in the value of debt for the three month periods ended March 31, 2021 and 2020 were as follows. For the Three Month Period Ended March 31, 2021 2020 Gain, net of income tax, recorded through other comprehensive income $ 18.9 $ 8.2 The net balance of such gains (losses) included in accumulated other comprehensive income (loss) as of March 31, 2021 and 2020 was $49.7 million and $83.0 million, respectively. For the periods presented, all cash flows associated with derivatives are classified as operating cash flows in the Condensed Consolidated Statements of Cash Flows. Fair Value Measurements A financial instrument is defined as cash or cash equivalents, evidence of an ownership interest in an entity, or a contract that creates a contractual obligation or right to deliver or receive cash or another financial instrument from another party. The Company’s financial instruments consist primarily of cash and cash equivalents, trade accounts receivables, trade accounts payables, deferred compensation assets and obligations, derivatives and debt instruments. The carrying values of cash and cash equivalents, trade accounts receivables, trade accounts payables, and variable rate debt instruments are a reasonable estimate of their respective fair values. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or more advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows. Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities as of the reporting date. Level 2 Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities as of the reporting date. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020. March 31, 2021 Level 1 Level 2 Level 3 Total Financial Assets Foreign currency forwards (1) $ — $ 1.2 $ — $ 1.2 Trading securities held in deferred compensation plan (2) 9.9 — — 9.9 Total $ 9.9 $ 1.2 $ — $ 11.1 Financial Liabilities Foreign currency forwards (1) $ — $ 0.5 $ — $ 0.5 Deferred compensation plans (2) 24.5 — — 24.5 Total $ 24.5 $ 0.5 $ — $ 25.0 December 31, 2020 Level 1 Level 2 Level 3 Total Financial Assets Foreign currency forwards (1) $ — $ 2.9 $ — $ 2.9 Trading securities held in deferred compensation plan (2) 9.1 — — 9.1 Total $ 9.1 $ 2.9 $ — $ 12.0 Financial Liabilities Foreign currency forwards (1) $ — $ 0.7 $ — $ 0.7 Deferred compensation plan (2) 25.7 — — 25.7 Total $ 25.7 $ 0.7 $ — $ 26.4 (1) Based on calculations that use readily observable market parameters at their basis, such as spot and forward rates. (2) Based on the quoted price of publicly traded mutual funds and other equity securities which are classified as trading securities and accounted for using the mark-to-market method. Goodwill and Other Intangible Assets Certain of our non-financial assets are subject to impairment analysis, including indefinite-lived intangible assets and goodwill. We review the carrying amounts of such assets whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable or at least annually. Any resulting impairment would require that the asset be recorded at its fair value. At December 31, 2020, we did not have any significant non-financial assets or liabilities that were required to be measured at fair value on a recurring or non-recurring basis. Refer to Note 6 “ Goodwill and Other Intangible Ass ets ” for further discussion pertaining to our annual and interim evaluation of goodwill and other intangible assets for impairment.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Overview The Company recognizes revenue when the Company has satisfied its obligation and control is transferred to the customer. The amount of revenue recognized includes adjustments for any variable consideration, such as rebates, sales discounts, liquidated damages, etc., which are included in the transaction price, and allocated to each performance obligation. The variable consideration is estimated throughout the course of the contract using the Company’s best estimates. The majority of the Company’s revenues are derived from short duration contracts and revenue is recognized at a single point in time when control is transferred to the customer, generally at shipment or when delivery has occurred or services have been rendered. The Company has certain long duration engineered to order (“ETO”) contracts that require highly engineered solutions designed to customer specific applications. For contracts where the contractual deliverables have no alternative use and the contract termination clauses provide for the recovery of cost plus a reasonable margin, revenue is recognized over time based on the Company’s progress in satisfying the contractual performance obligations, generally measured as the ratio of actual costs incurred to date to the estimated total costs to complete the contract. For contracts with termination provisions that do not provide for recovery of cost and a reasonable margin, revenue is recognized at a point in time, generally at shipment or delivery to the customer. Identification of performance obligations, determination of alternative use, assessment of contractual language regarding termination provisions, and estimation of total project costs are all significant judgments required in the application of ASC 606. Contractual specifications and requirements may be modified. The Company considers contract modifications to exist when the modification either creates new or changes the existing enforceable rights and obligations. In the event a contract modification is for goods or services that are not distinct in the contract, and therefore, form part of a single performance obligation that is partially satisfied as of the modification date, the effect of the contract modification on the transaction price and the Company’s measure of progress for the performance obligation to which it relates, is recognized on a cumulative catch-up basis. Taxes assessed by a government authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Sales commissions are generally due at either collection of payment from customers or recognition of revenue. Applying the practical expedient from ASC 340-40-25-4, the Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. These costs are included in “Selling and administrative expenses” in the Condensed Consolidated Statements of Operations. Disaggregation of Revenue The following tables provide disaggregated revenue by reportable segment for the three month periods ended March 31, 2021 and 2020. For the Three Month Period Ended March 31, 2021 Industrial Technologies and Services Precision and Science Technologies Specialty Vehicle Technologies Total Primary Geographic Markets United States $ 353.1 $ 98.1 $ 202.9 $ 654.1 Other Americas 60.2 3.5 12.1 75.8 Total Americas 413.3 101.6 215.0 729.9 EMEIA 319.4 80.1 15.7 415.2 Asia Pacific 181.1 34.0 9.6 224.7 Total $ 913.8 $ 215.7 $ 240.3 $ 1,369.8 Product Categories Original equipment $ 528.7 $ 178.7 $ 184.6 $ 892.0 Aftermarket 385.1 37.0 55.7 477.8 Total $ 913.8 $ 215.7 $ 240.3 $ 1,369.8 Pattern of Revenue Recognition Revenue recognized at point in time (1) $ 847.9 $ 214.8 $ 233.4 $ 1,296.1 Revenue recognized over time (2) 65.9 0.9 6.9 73.7 Total $ 913.8 $ 215.7 $ 240.3 $ 1,369.8 For the Three Month Period Ended March 31, 2020 Industrial Technologies and Services Precision and Science Technologies Specialty Vehicle Technologies Total Primary Geographic Markets United States $ 177.2 $ 49.3 $ 73.6 $ 300.1 Other Americas 45.3 4.9 4.8 55.0 Total Americas 222.5 54.2 78.4 355.1 EMEIA 200.6 40.9 5.4 246.9 Asia Pacific 80.9 17.8 2.8 101.5 Total $ 504.0 $ 112.9 $ 86.6 $ 703.5 Product Categories Original equipment $ 303.3 $ 99.0 $ 72.6 $ 474.9 Aftermarket 200.7 13.9 14.0 228.6 Total $ 504.0 $ 112.9 $ 86.6 $ 703.5 Pattern of Revenue Recognition Revenue recognized at point in time (1) $ 459.4 $ 112.9 $ 84.5 $ 656.8 Revenue recognized over time (2) 44.6 — 2.1 46.7 Total $ 504.0 $ 112.9 $ 86.6 $ 703.5 (1) Revenues from short and long duration product and service contracts recognized at a point in time when control is transferred to the customer generally when product delivery has occurred and services have been rendered. (2) Revenues primarily from long duration ETO product contracts and certain contracts for delivery of a significant volume of substantially similar products recognized over time as contractual performance obligations are completed. Performance Obligations The majority of the Company’s contracts have a single performance obligation as the promise to transfer goods and/or services. For contracts with multiple performance obligations, the Company utilizes observable prices to determine standalone selling price or cost plus margin if a standalone price is not available. The Company has elected to account for shipping and handling activities as fulfillment costs and not a separate performance obligation. If control transfers and related revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities are accrued. The Company’s primary performance obligations include delivering standard or configured to order (“CTO”) goods to customers, designing and manufacturing a broad range of equipment customized to a customer’s specifications in ETO arrangements, rendering of services (maintenance and repair contracts), and certain extended or service type warranties. For incidental items that are immaterial in the context of the contract, costs are expensed as incurred or accrued at delivery. As of March 31, 2021, for contracts with an original duration greater than one year, the Company expects to recognize revenue in the future related to unsatisfied (or partially satisfied) performance obligations of $406.1 million in the next twelve months and $304.5 million in periods thereafter. The performance obligations that are unsatisfied (or partially satisfied) are primarily related to orders for goods or services that were placed prior to the end of the reporting period and have not been delivered to the customer, on-going work on ETO contracts where revenue is recognized over time and service contracts with an original duration greater than one year. Contract Balances The following table provides the contract balances as of March 31, 2021 and December 31, 2020 presented in the Condensed Consolidated Balance Sheets. March 31, 2021 December 31, 2020 Accounts receivable, net $ 978.1 $ 934.4 Contract assets 55.1 60.5 Contract liabilities 192.6 175.7 Accounts receivable, net – Amounts due where the Company’s right to receive cash is unconditional. Customer receivables are recorded at face amount less an allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts for expected losses as a result of customers’ inability to make required payments. Management evaluates the aging of customer receivable balances, the financial condition of its customers, historical trends and the time outstanding of specific balances to estimate the amount of customer receivables that may not be collected in the future and records the appropriate provision. The allowance for credit losses for the three month periods ended March 31, 2021 and 2020 consisted of the following. For the Three Month Period Ended March 31, 2021 Balance at beginning of the period $ 52.7 Provision charged to expense 0.4 Write-offs, net of recoveries (1.5) Foreign currency translation and other (1.0) Balance at end of the period $ 50.6 Contract assets – The Company’s rights to consideration for the satisfaction of performance obligations subject to constraints apart from timing. Contract assets are transferred to receivables when the right to collect consideration becomes unconditional. Contract assets are presented net of progress billings and related advances from customers. Contract liabilities – Advance payments received from customers for contracts for which revenue is not yet recognized. Contract liability balances are generally recognized in revenue within twelve months. Contract assets and liabilities are reported in the Condensed Consolidated Balance Sheets on a contract-by-contract basis at the end of each reporting period. Contract assets and liabilities are presented net on a contract level, where required. Payments from customers are generally due 30-60 days after invoicing. Invoicing for sales of standard products generally coincides with shipment or delivery of goods. Invoicing for CTO and ETO contracts typically follows a schedule for billing at contractual milestones. Payment milestones normally include down payments upon the contract signing, completion of product design, completion of customer’s preliminary inspection, shipment or delivery, completion of installation, and customer’s on-site inspection. The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets) and customer advances and deposits (contract liabilities) on the Condensed Consolidated Balance Sheets. The Company has elected the practical expedient from ASC 606-10-32-18 and does not adjust the transaction price for the effects of a financing component if, at contract inception, the period between when the Company transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table summarizes the Company’s provision for income taxes and effective income tax provision rate for the three month periods ended March 31, 2021 and 2020. For the Three Month Period Ended March 31, 2021 2020 Income (loss) before income taxes $ 129.1 $ (105.0) Provision (benefit) for income taxes $ 17.5 $ (67.0) Effective income tax provision rate 13.6 % 63.8 % The increase in the provision for income taxes and decrease in the effective income tax provision rate for the three month period ended March 31, 2021 when compared to the same three month period of 2020 is primarily due to an increase in the pre-tax book income in jurisdictions with lower effective tax rates combined with decreased earnings in jurisdictions with higher tax rates and a reduction of unrecognized tax reserves as a result of the lapse of the limitation on statutes.

Other Operating Expense, Net

Other Operating Expense, Net	3 Months Ended
	Mar. 31, 2021
Other Income and Expenses [Abstract]
Other Operating Expense, Net	Other Operating Expense, Net The components of “Other operating expense, net” for the three month periods ended March 31, 2021 and 2020 were as follows. For the Three Month Period Ended March 31, 2021 2020 Other Operating Expense, Net Foreign currency transaction losses (gains), net $ (18.1) $ 2.3 Restructuring charges, net (1) 2.4 38.5 Acquisition and other transaction related expenses (2) 15.3 55.0 Other, net 1.7 1.5 Total other operating expense, net $ 1.3 $ 97.3 (1) See Note 4 “ Restructuring .” (2) Represents costs associated with successful and/or abandoned acquisitions and divestitures, including third-party expenses and post-closure integration costs (including certain incentive and non-incentive cash compensation costs).

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company is a party to various legal proceedings, lawsuits and administrative actions, which are of an ordinary or routine nature for a company of its size and sector. The Company believes that such proceedings, lawsuits and administrative actions will not materially adversely affect its operations, financial condition, liquidity or competitive position. For further description of the Company’s contingencies, reference is made to Note 20, “Contingencies” in the notes to consolidated financial statements in the Company’s 2020 Form 10-K. Asbestos and Silica Related Litigation The Company believes that the pending and future asbestos and silica-related lawsuits are not likely to, in the aggregate, have a material adverse effect on its consolidated financial position, results of operations or liquidity. “Accrued liabilities” and “Other liabilities” of the Condensed Consolidated Balance Sheets include a total litigation reserve of $129.2 million and $131.4 million as of March 31, 2021 and December 31, 2020, respectively, with regards to potential liability arising from the Company’s asbestos-related litigation. Asbestos related defense costs are excluded from the asbestos claims liability and are recorded separately as services are incurred. In the event of unexpected future developments, it is possible that the ultimate resolution of these matters may be material to the Company’s consolidated financial position, results of operation or liquidity. The Company has entered into a series of agreements with certain of its or its predecessors’ legacy insurers and certain potential indemnitors to secure insurance coverage and/or reimbursement for the costs associated with the asbestos and silica-related lawsuits filed against the Company. The Company has an insurance recovery receivable for probable asbestos related recoveries of approximately $133.4 million and $132.1 million as of March 31, 2021 and December 31, 2020, respectively, which was included in “Other assets” in the Condensed Consolidated Balance Sheets. The amounts recorded by the Company for asbestos-related liabilities and insurance recoveries are based on currently available information and assumptions that the Company believes are reasonable based on an evaluation of relevant factors. The actual liabilities or insurance recoveries could be higher or lower than those recorded if actual results vary significantly from the assumptions. Environmental Matters The Company has been identified as a potentially responsible party (“PRP”) with respect to several sites designated for cleanup under U.S. federal “Superfund” or similar state laws that impose liability for cleanup of certain waste sites and for related natural resource damages. The Company has undiscounted accrued liabilities of $13.4 million and $13.7 million as of March 31, 2021 and December 31, 2020, respectively, on its Condensed Consolidated Balance Sheets to the extent costs are known or can be reasonably estimated for its remaining financial obligations in relation to environmental matters and does not anticipate that any of these matters will result in material additional costs beyond amounts accrued. Based upon consideration of currently available information, the Company does not anticipate any material adverse effect on its results of operations, financial condition, liquidity or competitive position as a result of compliance with federal, state, local or foreign environmental laws or regulations, or cleanup costs relating to these matters.

Segment Results

Segment Results	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Results	Segment Results A description of the Company’s three reportable segments is presented below. During the first quarter of 2021, the Company agreed to sell a majority interest in the business comprising its High Pressure Solutions segment. This sale was completed on April 1, 2021. The HPS business is presented as a discontinued operation in current and prior periods and has been excluded from the segment information below unless otherwise noted. Refer to Note 2 “ Discontinued Operations ” for further discussion of the sale of majority interest in the High Pressure Solutions business. In the Industrial Technologies and Services segment, the Company designs, manufactures, markets and services a broad range of compression and vacuum equipment as well as fluid transfer equipment, loading systems, power tools and lifting equipment. The Company’s compression and vacuum products are used worldwide in industrial manufacturing, transportation, chemical processing, food and beverage production, energy, environmental and other applications. In addition to equipment sales, the Company offers a broad portfolio of service options tailored to customer needs and complete range of aftermarket parts, air treatment equipment, controls and other accessories. The Company’s engineered loading systems and fluid transfer equipment ensure the safe handling and transfer of crude oil, liquefied natural gas, compressed natural gas, chemicals, and bulk materials. The Company’s power tools and lifting equipment are used by customers in industrial manufacturing, vehicle maintenance, energy and other markets for precision fastening, bolt removal, grinding, sanding, drilling, demolition and the safe and efficient lifting, positioning and movement of loads. The Company sells its products primarily through independent distributors worldwide and also sells directly to the customer. In the Precision and Science Technologies segment, the Company designs, manufactures and markets a broad range of specialized positive displacement pumps, fluid management equipment and aftermarket parts for medical, laboratory, industrial manufacturing, water and wastewater, chemical processing, energy, food and beverage, agriculture and other markets. The Company’s products are used for a diverse set of applications including precision dosing of chemicals and supplements, blood dialysis, oxygen therapy, food processing, fluid transfer and dispensing, spray finishing and coating, mixing, high-pressure air and gas management and others. The Company sells primarily through a broad global network of specialized and national distributors and original equipment manufacturers (“OEM”) who integrate the Company’s products into their devices and systems. In the Specialty Vehicle Technologies segment, the Company designs, manufactures and markets Club Car ® golf, utility and consumer low-speed vehicles. As described in Note 20 “ Subsequent Events ”, the Company entered into an agreement on April 12, 2021 to sell the Club Car business comprising the Specialty Vehicle Technologies segment. The Chief Operating Decision Maker (“CODM”) evaluates the performance of the Company’s reportable segments based on, among other measures, Segment Adjusted EBITDA. Management closely monitors the Segment Adjusted EBITDA of each reportable segment to evaluate past performance and actions required to improve profitability. Inter-segment sales and transfers are not significant. Administrative expenses related to the Company’s corporate offices and shared service centers in the United States and Europe, which includes transaction processing, accounting and other business support functions, are allocated to the business segments. Certain administrative expenses, including senior management compensation, treasury, internal audit, tax compliance, certain information technology, and other corporate functions, are not allocated to the business segments. The following table provides summarized information about the Company’s operations by reportable segment and reconciles Segment Adjusted EBITDA to Income (Loss) from Continuing Operations Before Income Taxes for the three month periods ended March 31, 2021 and 2020. For the Three Month Period Ended March 31, 2021 2020 Revenue Industrial Technologies and Services $ 913.8 $ 504.0 Precision and Science Technologies 215.7 112.9 Specialty Vehicle Technologies 240.3 86.6 Total Revenue $ 1,369.8 $ 703.5 Segment Adjusted EBITDA Industrial Technologies and Services $ 211.5 $ 94.8 Precision and Science Technologies 67.2 32.9 Specialty Vehicle Technologies 48.2 14.1 Total Segment Adjusted EBITDA $ 326.9 $ 141.8 Less items to reconcile Segment Adjusted EBITDA to Income (Loss) Before Income Taxes: Corporate expenses not allocated to segments $ 34.1 $ 15.9 Interest expense 23.1 27.1 Depreciation and amortization expense (a) 116.2 62.0 Restructuring and related business transformation costs (b) 2.7 39.1 Acquisition and other transaction related expenses and non-cash charges (c) 17.5 96.1 Stock-based compensation (d) 23.3 2.9 Foreign currency transaction losses (gains), net (18.1) 2.3 Loss on extinguishment of debt (e) — 2.0 Other adjustments (f) (1.0) (0.6) Income (Loss) from Continuing Operations Before Income Taxes 129.1 (105.0) Provision (benefit) for income taxes 17.5 (67.0) Income (Loss) from Continuing Operations 111.6 (38.0) Income (loss) from discontinued operations, net of tax (201.7) 1.2 Net Loss $ (90.1) $ (36.8) a) Depreciation and amortization expense excludes $2.8 million and $1.2 million of depreciation of rental equipment for the three month periods ended March 31, 2021 and March 31, 2020, respectively. b) Restructuring and related business transformation costs consist of the following. For the Three Month Period Ended March 31, 2021 2020 Restructuring charges $ 2.4 $ 38.5 Facility reorganization, relocation and other costs — 0.4 Other, net 0.3 0.2 Total restructuring and related business transformation costs $ 2.7 $ 39.1 c) Represents costs associated with successful and/or abandoned acquisitions and divestitures, including third-party expenses, post-closure integration costs (including certain incentive and non-incentive cash compensation costs) and non-cash charges and credits arising from fair value purchase accounting adjustments. d) Represents stock-based compensation expense recognized for the three month periods ended March 31, 2021 of $23.3 million. Represents stock-based compensation expense recognized for the three month periods ended March 31, 2020 of $3.4 million, decreased by $0.5 million for the three month periods ended March 31, 2020, due to costs associated with employer taxes. e) Represents a loss on extinguishment of a portion of the U.S. term loan and the amendment of the revolving credit facility. f) Includes (i) effects of amortization of prior service costs and amortization of losses in pension and other postemployment (“OPEB”) expense, (ii) certain legal and compliance costs and (iii) other miscellaneous adjustments.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) own 44,788,635 shares of common stock, or approximately 11% of the total outstanding common stock based on the number of shares outstanding as of March 31, 2021. Affiliates of KKR participated as a lender in the Company’s Senior Secured Credit Facilities. As of March 31, 2021, KKR held a position in the Euro Term Loan of €41.2 million and a position in the Dollar Term Loan B of $39.6 million.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The the number of weighted-average shares outstanding used in the computations of basic and diluted earnings (loss) per share are as follows. For the Three Month Period Ended March 31, 2021 2020 Average shares outstanding Basic 419.2 277.3 Diluted 425.9 277.3 For the three month period ended March 31, 2021, there were 0.9 million anti-dilutive shares that were not included in the computation of diluted earnings per share. For the three month period ended March 31, 2020, there were 3.8 million potentially dilutive stock-based awards that were not included in the computation of diluted loss per share as we incurred a net loss during the period.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 1, 2021, the Company completed the majority interest sale of its High Pressure Solutions business to the private equity firm American Industrial Partners. Refer to Note 2 “ Discontinued Operations ” for further discussion on the sale of the High Pressure Solutions business. On April 12, 2021, the Company entered into an agreement to sell its Specialty Vehicle Technologies (“Club Car”) business to private equity firm Platinum Equity Advisors, LLC (“Platinum Equity”) for an aggregate purchase price of $1.68 billion. The Club Car business did not meet the criteria for assets held for sale as of March 31, 2021 and therefore remains presented as a component of continuing operations. Club Car will be presented as a discontinued operation in the second quarter of 2021 and its net assets will be classified as held for sale and comparable prior periods will be restated to reflect these changes. This transaction is expected to close by the third quarter of 2021, subject to regulatory approvals and customary closing conditions.

Basis of Presentation and Rec_2

Basis of Presentation and Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Ingersoll Rand Inc. is a diversified, global manufacturer of highly engineered, application-critical flow control products and provider of related aftermarket parts and services. The accompanying condensed consolidated financial statements include the accounts of Ingersoll Rand Inc. and its majority-owned subsidiaries (collectively referred to herein as “Ingersoll Rand” or the “Company”). The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting, the instructions for Form 10-Q and Article 10 of the U.S. Securities and Exchange Commission (“SEC”) Regulation S-X. In the Company’s opinion, the condensed consolidated financial statements reflect all adjustments of a normal recurring nature necessary for a fair statement of the results for the interim periods presented. The condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2020. We have reclassified certain prior year amounts, including the results of discontinued operations, to conform to the current year presentation. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations. See Note 2 “ Discontinued Operations ” for information on discontinued operations. The results of operations for the interim period ended March 31, 2021 are not necessarily indicative of future results. The ongoing novel Coronavirus (“COVID-19”) pandemic is a continuously evolving situation around the globe that has negatively impacted and could continue to negatively impact the global economy. The Company’s operating results will be subject to fluctuations based on general economic conditions, and the extent to which COVID-19 may ultimately impact its business will depend on future developments, which are highly uncertain and cannot be predicted with confidence, such as the ultimate extent of the spread of the disease and the duration of the outbreak and business closures or business disruptions for the Company, suppliers and customers.
Recently Adopted Accounting Standard Updates ("ASU") and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Standard Updates (“ASU”) In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which added an impairment model that is based on expected losses rather than incurred losses and is called the Current Expected Credit Losses (“CECL”) model. This impairment model is applicable to loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables as well as any other financial asset with the contractual right to receive cash. Under the new model, an allowance equal to the estimate of lifetime expected credit losses is recognized which will result in more timely loss recognition. The guidance is intended to reduce complexity by decreasing the number of credit impairment models. The Company adopted this guidance on January 1, 2020, using a modified retrospective transition method. The Company recorded a cumulative-effect adjustment on the adoption date increasing “Accumulated deficit” in the Condensed Consolidated Balance Sheets by $1.0 million and decreasing “Accounts receivable, net of allowance for credit losses” in the Condensed Consolidated Balance Sheets by $1.0 million. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in this update simplify the accounting for income taxes by removing certain exceptions and amending and clarifying existing guidance. The Company adopted this guidance on January 1, 2021. The adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU 2020-4, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for a limited time to ease the potential burden of accounting for reference rate reform on financial reporting. This guidance applies to contracts, hedging relationships and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates. The guidance is effective beginning on March 12, 2020 through December 31, 2022. The Company has not utilized any of the optional expedients or exceptions available under this ASU. The Company will continue to assess whether this ASU is applicable throughout the effective period. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, which explicitly clarifies which contracts, hedging relationships, and other transactions are within the scope of the optional expedients and exceptions allowed under Topic 848 . The Company has not utilized any of the optional expedients or exceptions available under Topic 848. The Company will continue to assess whether this ASU is applicable throughout the effective period, in conjunction with our assessment of ASU 2020-4.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The results of operations of the HPS business are presented as discontinued operations as summarized below: For the Three Month Period Ended March 31, 2021 2020 Revenues $ 62.4 $ 96.4 Cost of sales 50.5 69.6 Gross Profit 11.9 26.8 Selling and administrative expenses 4.3 8.2 Amortization of intangible assets 2.4 5.9 Other operating expense, net 8.1 3.4 Loss on disposal group 203.3 — Income (Loss) from Discontinued Operations Before Income Taxes (206.2) 9.3 Provision (benefit) for income taxes (4.5) 8.1 Income (Loss) from Discontinued Operations, Net of Tax $ (201.7) $ 1.2 The carrying amount of major classes of assets and liabilities classified that were included in discontinued operations at March 31, 2021 and December 31, 2020 related to the HPS business consist of the following (long-term assets and liabilities as of March 31, 2021 have been reclassified as current in the Condensed Consolidated Balance Sheets): March 31, 2021 December 31, 2020 Assets Current assets: Accounts receivable, net $ 54.2 $ 32.2 Inventories 156.7 158.3 Other current assets 3.3 1.3 Total current assets 214.2 191.8 Property, plant and equipment, net 81.5 82.9 Goodwill 194.8 194.8 Other intangible assets, net 203.2 205.6 Other assets 14.0 12.4 Total assets, before valuation allowance 707.7 687.5 Less: valuation allowance 203.3 — Total assets, net of valuation allowance $ 504.4 $ 687.5 Liabilities Current liabilities: Accounts payable $ 39.2 $ 24.5 Accrued liabilities 20.6 17.3 Total current liabilities 59.8 41.8 Other liabilities 6.9 9.8 Total liabilities $ 66.7 $ 51.6 The significant non-cash operating items and capital expenditures reflected in cash flows of discontinued operations for the three month periods ended March 31, 2021 and 2020 related to the HPS business consist of the following: For the Three Month Period Ended March 31, 2021 2020 Loss on Disposal Group $ 203.3 $ — Depreciation and amortization 4.0 9.1 Capital expenditures (0.3) (0.7)

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of consideration to the fair values of identifiable assets acquired and liabilities assumed at the acquisition date. M-D Pneumatics and Kinney Vacuum Pumps All Others Accounts receivable $ 4.8 $ 2.5 Inventories 3.8 1.1 Other current assets 0.1 — Property, plant and equipment 16.5 1.1 Goodwill 80.1 1.8 Other intangible assets 82.2 9.7 Total current liabilities (3.5) (0.5) Total noncurrent liabilities — (0.6) Total consideration $ 184.0 $ 15.1 The following table summarizes the allocation of consideration to the fair values of assets acquired and liabilities assumed of Ingersoll Rand Industrial as of February 29, 2020. Fair value Cash $ 38.8 Accounts receivable 585.8 Inventories 625.4 Other current assets 87.2 Property, plant and equipment 516.5 Goodwill 4,899.2 Other intangible assets 3,766.6 Other noncurrent assets 270.9 Total current liabilities, including current maturities of long-term debt of $19.0 million (753.0) Deferred tax liability (842.4) Long-term debt, net of debt issuance costs and an original issue discount (1,851.7) Other noncurrent liabilities (333.0) Noncontrolling interest (73.3) Total consideration $ 6,937.0
Schedule of Aggregate Purchase Consideration	Fair value of Ingersoll Rand common stock issued for Ingersoll Rand Industrial outstanding common stock $ 6,919.5 Fair value attributable to pre-merger service for replacement equity awards 8.6 Fair value attributable to pre-merger service for deferred compensation plan 8.9 Total purchase consideration $ 6,937.0
Schedule of Pro Forma Information	The following unaudited pro forma financial information summarizes the combined results of operations for the Company and Ingersoll Rand Industrial as if the acquisition had been completed on January 1, 2019. The pro forma results have been prepared for comparative purposes only and do not necessarily represent what the revenue or results of operations would have been had the acquisition been completed on January 1, 2019. In addition, these results are not intended to be a projection of future operating results and do not reflect synergies that might be achieved. For the Three Month Period Ended March 31, 2020 Revenues $ 1,269.8 Net Loss (0.2) The table below reflects the impact of material and nonrecurring adjustments to the unaudited pro forma results for the three month periods ended March 31, 2021 and 2020 that are directly attributable to the acquisition. For the Three Month Period Ended March 31, 2020 Increase (decrease) to revenue as a result of deferred revenue fair value adjustment, net of tax $ — Increase (decrease) to expense as a result of inventory fair value adjustment, net of tax (31.1) Increase (decrease) to expense as a result of transaction costs, net of tax (38.1)

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2021
Restructuring and Related Activities [Abstract]
Schedule of Activity in Restructuring Programs	The following table summarizes the activity associated with the Company’s restructuring programs for the three month period ended March 31, 2021. For the Three Month Period Ended March 31, 2021 2020 Balance at beginning of period $ 17.5 $ 4.8 Charged to expense - termination benefits 2.4 35.7 Charged to expense - other — 2.8 Payments (7.6) (15.5) Currency translation adjustment and other (0.4) — Balance at end of period $ 11.9 $ 27.8

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories as of March 31, 2021 and December 31, 2020 consisted of the following. March 31, 2021 December 31, 2020 Raw materials, including parts and subassemblies $ 509.7 $ 486.8 Work-in-process 69.6 63.6 Finished goods 244.4 226.1 823.7 776.5 Excess of LIFO costs over FIFO costs 8.8 8.8 Inventories $ 832.5 $ 785.3

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill attributable to each reportable segment for the three month period ended March 31, 2021 is presented in the table below. Industrial Technologies and Services Precision and Science Technologies Specialty Vehicle Technologies Total Balance as of December 31, 2020 $ 4,151.2 $ 1,431.4 $ 526.2 $ 6,108.8 Acquisitions 78.9 — 8.1 87.0 Foreign currency translation (27.7) (13.3) 0.1 (40.9) Balance as of March 31, 2021 $ 4,202.4 $ 1,418.1 $ 534.4 $ 6,154.9
Schedule of Other Intangible Assets	Other intangible assets as of March 31, 2021 and December 31, 2020 consisted of the following. March 31, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets Customer lists and relationships $ 3,261.1 $ (896.2) $ 2,364.9 $ 3,256.2 $ (872.0) $ 2,384.2 Technology 282.3 (47.8) 234.5 285.9 (39.0) 246.9 Tradenames 41.3 (16.5) 24.8 41.8 (15.6) 26.2 Other 110.6 (63.4) 47.2 100.5 (55.2) 45.3 Unamortized intangible assets Tradenames 1,827.7 — 1,827.7 1,824.4 — 1,824.4 Total other intangible assets $ 5,523.0 $ (1,023.9) $ 4,499.1 $ 5,508.8 $ (981.8) $ 4,527.0

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of March 31, 2021 and December 31, 2020 consisted of the following. March 31, 2021 December 31, 2020 Salaries, wages and related fringe benefits $ 197.3 $ 229.6 Contract liabilities 188.9 172.0 Product warranty 51.8 52.5 Operating lease liabilities 47.6 49.4 Restructuring 11.9 17.5 Taxes 121.2 116.0 Other 136.1 132.8 Total accrued liabilities $ 754.8 $ 769.8
Schedule of Product Warranty Liability	A reconciliation of the changes in the accrued product warranty liability for the three month periods ended March 31, 2021 and 2020 are as follows. For the Three Month Period Ended March 31, 2021 2020 Balance at beginning of period $ 52.5 $ 19.1 Product warranty accruals 4.4 6.1 Acquired warranty 0.1 31.3 Settlements (4.8) (6.8) Charged to other accounts (1) (0.4) (0.5) Balance at end of period $ 51.8 $ 49.2 (1) Primarily the effects of foreign currency translation adjustments

Benefit Plans (Tables)

Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2021
Retirement Benefits [Abstract]
Schedule of Net Periodic Benefit Cost	The following table summarizes the components of net periodic benefit cost for the Company’s defined benefit pension plans and other postretirement benefit plans recognized for the three month periods ended March 31, 2021 and 2020. Pension Benefits Other Postretirement Benefits U.S. Plans Non-U.S. Plans For the Three Month Period Ended March 31, For the Three Month Period Ended March 31, For the Three Month Period Ended March 31, 2021 2020 2021 2020 2021 2020 Service cost $ 1.7 $ 0.6 $ 1.1 $ 0.7 $ — $ — Interest cost 2.7 1.2 1.2 1.5 0.2 0.1 Expected return on plan assets (3.1) (1.6) (3.1) (2.7) — — Recognition of: Unrecognized prior service cost — — — — (0.1) — Unrecognized net actuarial loss — — 1.3 0.7 — — $ 1.3 $ 0.2 $ 0.5 $ 0.2 $ 0.1 $ 0.1

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Debt as of March 31, 2021 and December 31, 2020 is summarized as follows. March 31, 2021 December 31, 2020 Short-term borrowings $ — $ — Long-term debt: Revolving credit facility, due 2025 $ — $ — Dollar Term Loan B, due 2027 (1) 1,879.0 1,883.7 Dollar Term Loan, due 2027 (2) 917.4 919.6 Euro Term Loan, due 2027 (3) 697.3 728.0 Dollar Term Loan Series A, due 2027 (4) 391.7 392.4 Finance leases and other long-term debt 17.8 17.2 Unamortized debt issuance costs (39.4) (41.4) Total long-term debt, net, including current maturities 3,863.8 3,899.5 Current maturities of long-term debt 40.6 40.4 Total long-term debt, net $ 3,823.2 $ 3,859.1 (1) As of March 31, 2021, this amount is presented net of unamortized discounts of $2.0 million. As of March 31, 2021, the applicable interest rate was approximately 1.86% and the weighted-average interest rate was 1.88% for the three month period ended March 31, 2021. (2) As of March 31, 2021, this amount is presented net of unamortized discounts of $1.0 million. As of March 31, 2021, the applicable interest rate was approximately 1.86% and the weighted average interest rate was 1.88% for the three month period ended March 31, 2021. (3) As of March 31, 2021, this amount is presented net of unamortized discounts of $0.7 million. As of March 31, 2021, the applicable interest rate was 2.00% and the weighted average interest rate was 2.00% for the three month period ended March 31, 2021. (4) As of March 31, 2021, this amount is presented net of unamortized discounts of $5.3 million. As of March 31, 2021, the applicable interest rate was approximately 2.86% and the weighted average interest rate was 2.88% for the three month period ended March 31, 2021.

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	Stock-based compensation expense for the three month periods ended March 31, 2021 and 2020 are included in “Cost of sales” and “Selling and administrative expenses” in the Condensed Consolidated Statements of Operations and are as follows. For the Three Month Period Ended March 31, 2021 2020 Stock-based compensation expense - continuing and discontinued operations $ 24.1 $ 3.5 Stock-based compensation expense recognized in discontinued operations 0.8 0.1 Stock-based compensation expense recognized in continuing operations $ 23.3 $ 3.4
Schedule of Stock Option Activity	A summary of the Company’s stock option (including SARs) activity for the three month period ended March 31, 2021 is presented in the following table (underlying shares in thousands). Shares Weighted-Average Exercise Price (per share) Stock options outstanding as of December 31, 2020 7,742 $ 18.47 Granted 757 45.58 Exercised or settled (334) 15.30 Forfeited (42) 26.03 Expired (5) 9.07 Stock options outstanding as of March 31, 2021 8,118 21.09 Vested as of March 31, 2021 5,383 15.57
Schedule of Stock Option Fair Value Assumptions	The following assumptions were used to estimate the fair value of options granted (excluding previously disclosed converted awards) during the three month periods ended March 31, 2021 and 2020 using the Black-Scholes option-pricing model. For the Three Month Period Ended March 31, Assumptions 2021 2020 Expected life of options (in years) 6.3 6.3 Risk-free interest rate 0.9 % 0.7% - 1.5% Assumed volatility 39.4 % 24.6% - 39.0% Expected dividend rate 0.0 % 0.0 %
Schedule of Restricted Stock Unit Activity	A summary of the Company’s restricted stock unit activity for the three month period ended March 31, 2021 is presented in the following table (underlying shares in thousands). Shares Weighted-Average Grant-Date Fair Value Non-vested as of December 31, 2020 5,546 $ 33.09 Granted 326 45.58 Vested (476) 28.51 Forfeited (126) 33.66 Non-vested as of March 31, 2021 5,270 34.26
Schedule of Performance Stock Unit Activity	A summary of the Company’s performance stock unit activity for the three month period ended March 31, 2021 is presented in the following table (underlying shares in thousands). Shares Weighted-Average Grant-Date Fair Value Non-vested as of December 31, 2020 255 $ 29.72 Granted 158 55.84 Forfeited (6) 29.72 Non-vested as of March 31, 2021 407 39.88
Schedule of Performance Share Units Fair Value Assumptions	The following assumptions were used to estimate the fair value of performance share units granted during the three month periods ended March 31, 2021 and 2020 using the Monte Carlo simulation pricing model. For the Three Month Period Ended March 31, Assumptions 2021 2020 Expected term (in years) 2.9 2.8 Risk-free interest rate 0.2 % 0.5 % Assumed volatility 36.9 % 35.2 % Expected dividend rate — % — %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Before Tax Income (Loss) and Related Income Tax Effect	The before tax income (loss) and related income tax effect are as follows. For the Three Month Period Ended March 31, 2021 For the Three Month Period Ended March 31, 2020 Before-Tax Amount Tax Benefit or (Expense) Net of Tax Amount Before-Tax Amount Tax Benefit or (Expense) Net of Tax Amount Foreign currency translation adjustments, net $ (107.2) $ 7.4 $ (99.8) $ (89.5) $ (2.7) $ (92.2) Unrecognized gains on cash flow hedges, net — — — 1.6 (0.4) 1.2 Pension and other postretirement benefit prior service cost and gain or loss, net 1.5 (0.3) 1.2 3.5 (0.6) 2.9 Other comprehensive loss $ (105.7) $ 7.1 $ (98.6) $ (84.4) $ (3.7) $ (88.1)
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (loss) by component for the three month periods ended March 31, 2021 and 2020 are presented in the following table (1) . Foreign Currency Translation Adjustments, Net Unrecognized Gains (Losses) on Cash Flow Hedges Pension and Other Postretirement Benefit Plans Total Balance as of December 31, 2020 $ 74.6 $ — $ (60.4) $ 14.2 Other comprehensive income (loss) before reclassifications (99.8) — 0.2 (99.6) Amounts reclassified from accumulated other comprehensive income (loss) — — 1.0 1.0 Other comprehensive income (loss) (99.8) — 1.2 (98.6) Balance as of March 31, 2021 $ (25.2) $ — $ (59.2) $ (84.4) Foreign Currency Translation Adjustments, Net Unrecognized Gains (Losses) on Cash Flow Hedges Pension and Other Postretirement Benefit Plans Total Balance as of December 31, 2019 $ (193.6) $ (10.9) $ (51.5) $ (256.0) Other comprehensive income (loss) before reclassifications (92.2) (2.8) 2.4 (92.6) Amounts reclassified from accumulated other comprehensive income (loss) — 4.0 0.5 4.5 Other comprehensive income (loss) (92.2) 1.2 2.9 (88.1) Balance as of March 31, 2020 $ (285.8) $ (9.7) $ (48.6) $ (344.1) (1) All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)	Reclassifications out of accumulated other comprehensive income (loss) for the three month periods ended March 31, 2021 and 2020 are presented in the following table. Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Details about Accumulated Other Comprehensive Income (Loss) Components For the Three Month Period Ended March 31, Affected Line(s) in the Statement Where Net Income is Presented 2021 2020 Loss on cash flow hedges (interest rate swaps) $ — $ 5.3 Interest expense Benefit for income taxes — (1.3) Benefit for income taxes Loss on cash flow hedges (interest rate swaps), net of tax $ — $ 4.0 Amortization of defined benefit pension and other postretirement benefit items (1) $ 1.3 $ 0.7 Cost of sales and Selling and administrative expenses Benefit for income taxes (0.3) (0.2) Benefit for income taxes Amortization of defined benefit pension and other postretirement benefit items, net of tax $ 1.0 $ 0.5 Total reclassifications for the period, net of tax $ 1.0 $ 4.5 (1) These components are included in the computation of net periodic benefit cost. See Note 8 “ Benefit Plans ” for additional details.

Hedging Activities, Derivativ_2

Hedging Activities, Derivative Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table summarizes the notional amounts, fair values and classification of the Company’s outstanding derivatives by risk category and instrument type within the Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020. March 31, 2021 Derivative Classification Notional Amount (1) Fair Value (1) Other Current Assets Fair Value (1) Other Assets Fair Value (1) Accrued Liabilities Fair Value (1) Other Liabilities Derivatives Not Designated as Hedging Instruments Foreign currency forwards Fair Value 38.3 1.2 — — — Foreign currency forwards Fair Value 138.8 — — 0.5 — December 31, 2020 Derivative Classification Notional Amount (1) Fair Value (1) Other Current Assets Fair Value (1) Other Assets Fair Value (1) Accrued Liabilities Fair Value (1) Other Liabilities Derivatives Not Designated as Hedging Instruments Foreign currency forwards Fair Value 230.5 2.9 — — — Foreign currency forwards Fair Value 51.2 — — 0.7 — (1) Notional amounts represent the gross contract amounts of the outstanding derivatives excluding the total notional amount of positions that have been effectively closed through offsetting positions. The net gains and net losses associated with positions that have been effectively closed through offsetting positions but not yet settled are included in the asset and liability derivatives fair value columns, respectively.
Schedule of Cash Flow Hedges included in Accumulated Other Comprehensive Income (Loss)	Losses on derivatives designated as cash flow hedges included in the Condensed Consolidated Statements of Comprehensive Income (Loss) for the three month periods ended March 31, 2021 and 2020 are as presented in the table below. For the Three Month Period Ended March 31, 2021 2020 Interest rate swap contracts Loss recognized in AOCI on derivatives $ — $ (3.8) Loss reclassified from AOCI into income (effective portion) (1) — (5.3) (1) Losses on derivatives reclassified from accumulated other comprehensive income (“AOCI”) into income were included within “Interest expense” in the Condensed Consolidated Statements of Operations.
Schedule of Gains (Losses) on Derivative Instruments Not Designated as Accounting Hedges and Total Net Foreign Currency Losses	The Company’s gains (losses) on derivative instruments not designated as accounting hedges and total net foreign currency losses for the three month periods ended March 31, 2021 and 2020 were as follows. For the Three Month Period Ended March 31, 2021 2020 Foreign currency forward contracts losses $ (0.8) $ (2.6) Total foreign currency transaction gains (losses), net 18.1 (2.3)
Schedule of Changes in Value of Debt and Designated Interest Rate Swaps	The Company’s gains (losses), net of income tax, associated with changes in the value of debt for the three month periods ended March 31, 2021 and 2020 were as follows. For the Three Month Period Ended March 31, 2021 2020 Gain, net of income tax, recorded through other comprehensive income $ 18.9 $ 8.2
Schedule of Assets and Liabilities Measured at Fair Value	The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020. March 31, 2021 Level 1 Level 2 Level 3 Total Financial Assets Foreign currency forwards (1) $ — $ 1.2 $ — $ 1.2 Trading securities held in deferred compensation plan (2) 9.9 — — 9.9 Total $ 9.9 $ 1.2 $ — $ 11.1 Financial Liabilities Foreign currency forwards (1) $ — $ 0.5 $ — $ 0.5 Deferred compensation plans (2) 24.5 — — 24.5 Total $ 24.5 $ 0.5 $ — $ 25.0 December 31, 2020 Level 1 Level 2 Level 3 Total Financial Assets Foreign currency forwards (1) $ — $ 2.9 $ — $ 2.9 Trading securities held in deferred compensation plan (2) 9.1 — — 9.1 Total $ 9.1 $ 2.9 $ — $ 12.0 Financial Liabilities Foreign currency forwards (1) $ — $ 0.7 $ — $ 0.7 Deferred compensation plan (2) 25.7 — — 25.7 Total $ 25.7 $ 0.7 $ — $ 26.4 (1) Based on calculations that use readily observable market parameters at their basis, such as spot and forward rates. (2) Based on the quoted price of publicly traded mutual funds and other equity securities which are classified as trading securities and accounted for using the mark-to-market method.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Segment	The following tables provide disaggregated revenue by reportable segment for the three month periods ended March 31, 2021 and 2020. For the Three Month Period Ended March 31, 2021 Industrial Technologies and Services Precision and Science Technologies Specialty Vehicle Technologies Total Primary Geographic Markets United States $ 353.1 $ 98.1 $ 202.9 $ 654.1 Other Americas 60.2 3.5 12.1 75.8 Total Americas 413.3 101.6 215.0 729.9 EMEIA 319.4 80.1 15.7 415.2 Asia Pacific 181.1 34.0 9.6 224.7 Total $ 913.8 $ 215.7 $ 240.3 $ 1,369.8 Product Categories Original equipment $ 528.7 $ 178.7 $ 184.6 $ 892.0 Aftermarket 385.1 37.0 55.7 477.8 Total $ 913.8 $ 215.7 $ 240.3 $ 1,369.8 Pattern of Revenue Recognition Revenue recognized at point in time (1) $ 847.9 $ 214.8 $ 233.4 $ 1,296.1 Revenue recognized over time (2) 65.9 0.9 6.9 73.7 Total $ 913.8 $ 215.7 $ 240.3 $ 1,369.8 For the Three Month Period Ended March 31, 2020 Industrial Technologies and Services Precision and Science Technologies Specialty Vehicle Technologies Total Primary Geographic Markets United States $ 177.2 $ 49.3 $ 73.6 $ 300.1 Other Americas 45.3 4.9 4.8 55.0 Total Americas 222.5 54.2 78.4 355.1 EMEIA 200.6 40.9 5.4 246.9 Asia Pacific 80.9 17.8 2.8 101.5 Total $ 504.0 $ 112.9 $ 86.6 $ 703.5 Product Categories Original equipment $ 303.3 $ 99.0 $ 72.6 $ 474.9 Aftermarket 200.7 13.9 14.0 228.6 Total $ 504.0 $ 112.9 $ 86.6 $ 703.5 Pattern of Revenue Recognition Revenue recognized at point in time (1) $ 459.4 $ 112.9 $ 84.5 $ 656.8 Revenue recognized over time (2) 44.6 — 2.1 46.7 Total $ 504.0 $ 112.9 $ 86.6 $ 703.5 (1) Revenues from short and long duration product and service contracts recognized at a point in time when control is transferred to the customer generally when product delivery has occurred and services have been rendered. (2) Revenues primarily from long duration ETO product contracts and certain contracts for delivery of a significant volume of substantially similar products recognized over time as contractual performance obligations are completed.
Schedule of Contract Balances	The following table provides the contract balances as of March 31, 2021 and December 31, 2020 presented in the Condensed Consolidated Balance Sheets. March 31, 2021 December 31, 2020 Accounts receivable, net $ 978.1 $ 934.4 Contract assets 55.1 60.5 Contract liabilities 192.6 175.7
Schedule of Allowance for Credit Losses	The allowance for credit losses for the three month periods ended March 31, 2021 and 2020 consisted of the following. For the Three Month Period Ended March 31, 2021 Balance at beginning of the period $ 52.7 Provision charged to expense 0.4 Write-offs, net of recoveries (1.5) Foreign currency translation and other (1.0) Balance at end of the period $ 50.6

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes and Effective Income Tax Rate	The following table summarizes the Company’s provision for income taxes and effective income tax provision rate for the three month periods ended March 31, 2021 and 2020. For the Three Month Period Ended March 31, 2021 2020 Income (loss) before income taxes $ 129.1 $ (105.0) Provision (benefit) for income taxes $ 17.5 $ (67.0) Effective income tax provision rate 13.6 % 63.8 %

Other Operating Expense, Net (T

Other Operating Expense, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Other Income and Expenses [Abstract]
Schedule of Other Operating Expense, Net	The components of “Other operating expense, net” for the three month periods ended March 31, 2021 and 2020 were as follows. For the Three Month Period Ended March 31, 2021 2020 Other Operating Expense, Net Foreign currency transaction losses (gains), net $ (18.1) $ 2.3 Restructuring charges, net (1) 2.4 38.5 Acquisition and other transaction related expenses (2) 15.3 55.0 Other, net 1.7 1.5 Total other operating expense, net $ 1.3 $ 97.3 (1) See Note 4 “ Restructuring .” (2) Represents costs associated with successful and/or abandoned acquisitions and divestitures, including third-party expenses and post-closure integration costs (including certain incentive and non-incentive cash compensation costs).

Segment Results (Tables)

Segment Results (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Results	The following table provides summarized information about the Company’s operations by reportable segment and reconciles Segment Adjusted EBITDA to Income (Loss) from Continuing Operations Before Income Taxes for the three month periods ended March 31, 2021 and 2020. For the Three Month Period Ended March 31, 2021 2020 Revenue Industrial Technologies and Services $ 913.8 $ 504.0 Precision and Science Technologies 215.7 112.9 Specialty Vehicle Technologies 240.3 86.6 Total Revenue $ 1,369.8 $ 703.5 Segment Adjusted EBITDA Industrial Technologies and Services $ 211.5 $ 94.8 Precision and Science Technologies 67.2 32.9 Specialty Vehicle Technologies 48.2 14.1 Total Segment Adjusted EBITDA $ 326.9 $ 141.8 Less items to reconcile Segment Adjusted EBITDA to Income (Loss) Before Income Taxes: Corporate expenses not allocated to segments $ 34.1 $ 15.9 Interest expense 23.1 27.1 Depreciation and amortization expense (a) 116.2 62.0 Restructuring and related business transformation costs (b) 2.7 39.1 Acquisition and other transaction related expenses and non-cash charges (c) 17.5 96.1 Stock-based compensation (d) 23.3 2.9 Foreign currency transaction losses (gains), net (18.1) 2.3 Loss on extinguishment of debt (e) — 2.0 Other adjustments (f) (1.0) (0.6) Income (Loss) from Continuing Operations Before Income Taxes 129.1 (105.0) Provision (benefit) for income taxes 17.5 (67.0) Income (Loss) from Continuing Operations 111.6 (38.0) Income (loss) from discontinued operations, net of tax (201.7) 1.2 Net Loss $ (90.1) $ (36.8) a) Depreciation and amortization expense excludes $2.8 million and $1.2 million of depreciation of rental equipment for the three month periods ended March 31, 2021 and March 31, 2020, respectively. b) Restructuring and related business transformation costs consist of the following. For the Three Month Period Ended March 31, 2021 2020 Restructuring charges $ 2.4 $ 38.5 Facility reorganization, relocation and other costs — 0.4 Other, net 0.3 0.2 Total restructuring and related business transformation costs $ 2.7 $ 39.1 c) Represents costs associated with successful and/or abandoned acquisitions and divestitures, including third-party expenses, post-closure integration costs (including certain incentive and non-incentive cash compensation costs) and non-cash charges and credits arising from fair value purchase accounting adjustments. d) Represents stock-based compensation expense recognized for the three month periods ended March 31, 2021 of $23.3 million. Represents stock-based compensation expense recognized for the three month periods ended March 31, 2020 of $3.4 million, decreased by $0.5 million for the three month periods ended March 31, 2020, due to costs associated with employer taxes. e) Represents a loss on extinguishment of a portion of the U.S. term loan and the amendment of the revolving credit facility. f) Includes (i) effects of amortization of prior service costs and amortization of losses in pension and other postemployment (“OPEB”) expense, (ii) certain legal and compliance costs and (iii) other miscellaneous adjustments.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The the number of weighted-average shares outstanding used in the computations of basic and diluted earnings (loss) per share are as follows. For the Three Month Period Ended March 31, 2021 2020 Average shares outstanding Basic 419.2 277.3 Diluted 425.9 277.3

Basis of Presentation and Rec_3

Basis of Presentation and Recent Accounting Pronouncements - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Subsidiary, Sale of Stock [Line Items]
Stockholders' equity	$ 9,025.7	$ 9,189.5	$ 8,755.5	$ 1,869.9
Cumulative Effect, Period of Adoption, Adjustment
Subsidiary, Sale of Stock [Line Items]
Stockholders' equity				(1)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13 | Accounts Receivable
Subsidiary, Sale of Stock [Line Items]
Stockholders' equity				(1)
Accumulated Deficit
Subsidiary, Sale of Stock [Line Items]
Stockholders' equity	$ (266.1)	$ (175.7)	$ (179.2)	(141.4)
Accumulated Deficit | Cumulative Effect, Period of Adoption, Adjustment
Subsidiary, Sale of Stock [Line Items]
Stockholders' equity				(1)
Accumulated Deficit | Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
Subsidiary, Sale of Stock [Line Items]
Stockholders' equity				$ (1)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Disposed of by Sale - High Pressure Solutions - USD ($) $ in Millions	Feb. 14, 2021	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Majority interest sold (as a percent)	55.00%
Cash consideration for sale of business	$ 300
Common equity interest retained after disposal (as a percent)	45.00%
Loss on disposal group		$ 203.3	$ 0

Discontinued Operations - Resul

Discontinued Operations - Results of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax	$ (201.7)	$ 1.2
Discontinued Operations, Disposed of by Sale | High Pressure Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	62.4	96.4
Cost of sales	50.5	69.6
Gross Profit	11.9	26.8
Selling and administrative expenses	4.3	8.2
Amortization of intangible assets	2.4	5.9
Other operating expense, net	8.1	3.4
Loss on disposal group	203.3	0
Income (Loss) from Discontinued Operations Before Income Taxes	(206.2)	9.3
Provision (benefit) for income taxes	(4.5)	8.1
Income (Loss) from Discontinued Operations, Net of Tax	$ (201.7)	$ 1.2

Discontinued Operations - Balan

Discontinued Operations - Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Total current assets	$ 504.4	$ 191.8
Current liabilities:
Total current liabilities	66.7	41.8
Discontinued Operations, Disposed of by Sale | High Pressure Solutions
Current assets:
Accounts receivable, net	54.2	32.2
Inventories	156.7	158.3
Other current assets	3.3	1.3
Total current assets	214.2	191.8
Property, plant and equipment, net	81.5	82.9
Goodwill	194.8	194.8
Other intangible assets, net	203.2	205.6
Other assets	14	12.4
Total assets, before valuation allowance	707.7	687.5
Less: valuation allowance	203.3	0
Total assets, net of valuation allowance	504.4	687.5
Current liabilities:
Accounts payable	39.2	24.5
Accrued liabilities	20.6	17.3
Total current liabilities	59.8	41.8
Other liabilities	6.9	9.8
Total liabilities	$ 66.7	$ 51.6

Discontinued Operations - Cash

Discontinued Operations - Cash Flows (Details) - Discontinued Operations, Disposed of by Sale - High Pressure Solutions - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal group	$ 203.3	$ 0
Depreciation and amortization	4	9.1
Capital expenditures	$ (0.3)	$ (0.7)

Business Combinations - Narrati

Business Combinations - Narrative (Details) $ in Millions	Jan. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 01, 2020USD ($)	Feb. 29, 2020USD ($)	Mar. 31, 2021USD ($)business	Sep. 30, 2020USD ($)business	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Business Acquisition [Line Items]
Cash consideration for acquisition					$ 202.5
Goodwill					$ 6,154.9			$ 6,108.8
Number of businesses acquired | business					3
Industrial Technologies and Services
Business Acquisition [Line Items]
Goodwill					$ 4,202.4			$ 4,151.2
MD Pneumatics and Kinney Vacuum Pumps and All Others
Business Acquisition [Line Items]
Revenue from acquisition date					10.6
Operating income from acquisition date					3.8
M-D Pneumatics and Kinney Vacuum Pumps
Business Acquisition [Line Items]
Cash consideration for acquisition	$ 184
Goodwill	$ 80.1
All Others
Business Acquisition [Line Items]
Cash consideration for acquisition					15.1
Goodwill					1.8
Revenue from acquisition date					5.3
Operating income from acquisition date					2
Ingersoll Rand Industrial
Business Acquisition [Line Items]
Goodwill				$ 4,899.2
Revenue from acquisition date					917		$ 293.4
Purchase consideration		$ 6,937		6,937
Acquisition-related costs				$ 87.3			42.3
Net loss from acquisition date					$ 103.1		$ (33.3)
Manufacturer of electric peristaltic pumps
Business Acquisition [Line Items]
Cash consideration, net of cash acquired			$ 15.5
Deferred consideration			$ 0.9
Sales and services businesses | Industrial Technologies and Services
Business Acquisition [Line Items]
Number of businesses acquired | business						2
Cash consideration, net of cash acquired						$ 15
Deferred consideration		$ 5.1				$ 5.1

Business Combinations - Assets

Business Combinations - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Mar. 31, 2021	Jan. 31, 2021	Dec. 31, 2020	Feb. 29, 2020
Estimated Fair Value [Abstract]
Goodwill	$ 6,154.9		$ 6,108.8
M-D Pneumatics and Kinney Vacuum Pumps
Estimated Fair Value [Abstract]
Accounts receivable		$ 4.8
Inventories		3.8
Other current assets		0.1
Property, plant and equipment		16.5
Goodwill		80.1
Other intangible assets		82.2
Total current liabilities		(3.5)
Total noncurrent liabilities		0
Total consideration		$ 184
All Others
Estimated Fair Value [Abstract]
Accounts receivable	2.5
Inventories	1.1
Other current assets	0
Property, plant and equipment	1.1
Goodwill	1.8
Other intangible assets	9.7
Total current liabilities	(0.5)
Total noncurrent liabilities	(0.6)
Total consideration	$ 15.1
Ingersoll Rand Industrial
Estimated Fair Value [Abstract]
Cash				$ 38.8
Accounts receivable				585.8
Inventories				625.4
Other current assets				87.2
Property, plant and equipment				516.5
Goodwill				4,899.2
Other intangible assets				3,766.6
Other noncurrent assets				270.9
Total current liabilities				(753)
Deferred tax liability				(842.4)
Long-term debt, net of debt issuance costs and an original issue discount				(1,851.7)
Other noncurrent liabilities				(333)
Noncontrolling interest				(73.3)
Total consideration				6,937
Current maturities of long-term debt				$ 19

Business Combinations - Prelimi

Business Combinations - Preliminary Purchase Price Allocation (Details) - Ingersoll Rand Industrial - USD ($) $ in Millions	Sep. 30, 2020	Feb. 29, 2020	Mar. 31, 2021
Purchase Price [Abstract]
Fair value of Ingersoll Rand common stock issued for Ingersoll Rand Industrial outstanding common stock			$ 6,919.5
Fair value attributable to pre-merger service for replacement equity awards	$ 8.6
Fair value attributable to pre-merger service for deferred compensation plan	8.9
Total purchase consideration	$ 6,937	$ 6,937

Business Combinations - Unaudit

Business Combinations - Unaudited Pro Forma Information (Details) - USD ($) $ in Millions	Feb. 29, 2020	Mar. 31, 2021	Mar. 31, 2020
Unaudited Pro Forma Information [Abstract]
Revenue		$ 1,369.8	$ 703.5
Cost of sales		$ 854.4	485.8
Ingersoll Rand Industrial
Unaudited Pro Forma Information [Abstract]
Business Acquisition, Pro Forma Revenue			1,269.8
Net Loss			(0.2)
Acquisition-related costs	$ 87.3		42.3
Ingersoll Rand Industrial | Deferred Revenue
Unaudited Pro Forma Information [Abstract]
Revenue			0
Ingersoll Rand Industrial | Inventory
Unaudited Pro Forma Information [Abstract]
Cost of sales			(31.1)
Ingersoll Rand Industrial | Transaction Costs
Unaudited Pro Forma Information [Abstract]
Acquisition-related costs			$ (38.1)

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		15 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021
Restructuring Costs [Abstract]
Restructuring charges	$ 2.4	$ 38.5
Restructuring Program 2020 to 2022
Restructuring Costs [Abstract]
Expected restructuring cost	350		$ 350
Restructuring Program 2020 to 2022 | Other operating expense, net
Restructuring Costs [Abstract]
Restructuring charges	2.4
Restructuring Program 2020 to 2022 | Other operating expense, net | Corporate
Restructuring Costs [Abstract]
Restructuring charges	0.4		6.4
Restructuring Program 2020 to 2022 | Other operating expense, net | Industrial Technologies and Services
Restructuring Costs [Abstract]
Restructuring charges	1.7		72
Restructuring Program 2020 to 2022 | Other operating expense, net | Precision and Science Technologies
Restructuring Costs [Abstract]
Restructuring charges	$ 0.3		7.2
Restructuring Program 2020 to 2022 | Other operating expense, net | Specialty Vehicle Technologies
Restructuring Costs [Abstract]
Restructuring charges			$ 0.8

Restructuring - Activity in Res

Restructuring - Activity in Restructuring Programs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 17.5	$ 4.8
Charged to expense - termination benefits	2.4	35.7
Charged to expense - other	0	2.8
Payments	(7.6)	(15.5)
Currency translation adjustment and other	(0.4)	0
Balance at end of period	$ 11.9	$ 27.8

Inventories - Summary (Details)

Inventories - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Inventory, Net [Abstract]
Raw materials, including parts and subassemblies	$ 509.7	$ 486.8
Work-in-process	69.6	63.6
Finished goods	244.4	226.1
Gross inventories	823.7	776.5
Excess of LIFO costs over FIFO costs	8.8	8.8
Inventories	$ 832.5	$ 785.3

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill by Segment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 6,108.8
Acquisitions	87
Foreign currency translation	(40.9)
Balance at end of period	6,154.9
Industrial Technologies and Services
Goodwill [Roll Forward]
Balance at beginning of period	4,151.2
Acquisitions	78.9
Foreign currency translation	(27.7)
Balance at end of period	4,202.4
Precision and Science Technologies
Goodwill [Roll Forward]
Balance at beginning of period	1,431.4
Acquisitions	0
Foreign currency translation	(13.3)
Balance at end of period	1,418.1
Specialty Vehicle Technologies
Goodwill [Roll Forward]
Balance at beginning of period	526.2
Acquisitions	8.1
Foreign currency translation	0.1
Balance at end of period	$ 534.4

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Amortized intangible assets
Accumulated Amortization	$ (1,023.9)	$ (981.8)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	5,523	5,508.8
Accumulated Amortization	(1,023.9)	(981.8)
Net Carrying Amount	4,499.1	4,527
Tradenames
Unamortized intangible assets
Carrying amount	1,827.7	1,824.4
Customer lists and relationships
Amortized intangible assets
Gross Carrying Amount	3,261.1	3,256.2
Accumulated Amortization	(896.2)	(872)
Net Carrying Amount	2,364.9	2,384.2
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(896.2)	(872)
Technology
Amortized intangible assets
Gross Carrying Amount	282.3	285.9
Accumulated Amortization	(47.8)	(39)
Net Carrying Amount	234.5	246.9
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(47.8)	(39)
Tradenames
Amortized intangible assets
Gross Carrying Amount	41.3	41.8
Accumulated Amortization	(16.5)	(15.6)
Net Carrying Amount	24.8	26.2
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(16.5)	(15.6)
Other
Amortized intangible assets
Gross Carrying Amount	110.6	100.5
Accumulated Amortization	(63.4)	(55.2)
Net Carrying Amount	47.2	45.3
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (63.4)	$ (55.2)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) $ in Millions	Mar. 31, 2021USD ($)
Industrial Technologies and Services
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Accumulated impairment on goodwill	$ 220.6

Accrued Liabilities - Summary (

Accrued Liabilities - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accrued Liabilities [Abstract]
Salaries, wages and related fringe benefits	$ 197.3	$ 229.6
Contract liabilities	188.9	172
Product warranty	51.8	52.5	$ 49.2	$ 19.1
Operating lease liabilities	47.6	49.4
Restructuring	11.9	17.5
Taxes	121.2	116
Other	136.1	132.8
Total accrued liabilities	$ 754.8	$ 769.8

Accrued Liabilities - Accrued P

Accrued Liabilities - Accrued Product Warranty Liability (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 52.5	$ 19.1
Product warranty accruals	4.4	6.1
Acquired warranty	0.1	31.3
Settlements	(4.8)	(6.8)
Charged to other accounts	(0.4)	(0.5)
Balance at end of period	$ 51.8	$ 49.2

Benefit Plans - Summary (Detail

Benefit Plans - Summary (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Pension Benefits | United States
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 1.7	$ 0.6
Interest cost	2.7	1.2
Expected return on plan assets	(3.1)	(1.6)
Recognition of:
Unrecognized prior service cost	0	0
Unrecognized net actuarial loss	0	0
Total recognized in other comprehensive (loss) income	1.3	0.2
Pension Benefits | Foreign Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	1.1	0.7
Interest cost	1.2	1.5
Expected return on plan assets	(3.1)	(2.7)
Recognition of:
Unrecognized prior service cost	0	0
Unrecognized net actuarial loss	1.3	0.7
Total recognized in other comprehensive (loss) income	0.5	0.2
Other Postretirement Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	0	0
Interest cost	0.2	0.1
Expected return on plan assets	0	0
Recognition of:
Unrecognized prior service cost	(0.1)	0
Unrecognized net actuarial loss	0	0
Total recognized in other comprehensive (loss) income	$ 0.1	$ 0.1

Debt - Summary (Details)

Debt - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020	Jun. 29, 2020	Feb. 29, 2020
Debt [Abstract]
Short-term borrowings	$ 0	$ 0
Long-term debt:
Finance leases and other long-term debt	17.8	17.2
Unamortized debt issuance costs	(39.4)	(41.4)
Total long-term debt, net, including current maturities	3,863.8	3,899.5
Current maturities of long-term debt	40.6	40.4
Total long-term debt, net	3,823.2	3,859.1
Revolving credit facility, due 2025
Long-term debt:
Long-term debt, gross	0	0
Dollar Term Loan B, due 2027
Long-term debt:
Long-term debt, gross	1,879	1,883.7		$ 1,900
Unamortized discounts	$ 2			$ 2.4
Stated interest rate of debt instrument (as a percent)	1.86%
Weighted-average interest rate of debt instrument (as a percent)	1.88%
Dollar Term Loan, due 2027
Long-term debt:
Long-term debt, gross	$ 917.4	919.6
Unamortized discounts	$ 1
Stated interest rate of debt instrument (as a percent)	1.86%
Weighted-average interest rate of debt instrument (as a percent)	1.88%
Euro Term Loan, due 2027
Long-term debt:
Long-term debt, gross	$ 697.3	728
Unamortized discounts	$ 0.7
Stated interest rate of debt instrument (as a percent)	2.00%
Weighted-average interest rate of debt instrument (as a percent)	2.00%
Dollar Term Loan Series A, due 2027
Long-term debt:
Long-term debt, gross	$ 391.7	$ 392.4	$ 400
Unamortized discounts	$ 5.3		$ 6
Stated interest rate of debt instrument (as a percent)	2.86%
Weighted-average interest rate of debt instrument (as a percent)	2.88%

Debt - Senior Secured Credit Fa

Debt - Senior Secured Credit Facilities (Details) € in Millions, $ in Millions	Feb. 28, 2020USD ($)	Aug. 17, 2017	Mar. 31, 2021USD ($)	Dec. 31, 2014	Mar. 31, 2021EUR (€)	Dec. 31, 2020USD ($)	Jun. 29, 2020USD ($)	Feb. 29, 2020USD ($)	Feb. 28, 2020EUR (€)
LIBOR
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Outstanding borrowings			$ 3,196.4		€ 595.1
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			1.00%
Term of variable rate			1 month
Federal Funds Effective Rate
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			0.50%
Base Rate
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			1.00%
Original Dollar Term Loan Facility
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Long-term debt	$ 927.6
Original issue discounts	1.2
Dollar Term Loan, due 2024
Prepayments [Abstract]
Proportion of prepayment premium of principal amount (as a percent)			1.00%
Amortization and Final Maturity [Abstract]
Proportion of original principal amount for quarterly installment payment of debt amortization (as a percent)			1.00%
Dollar Term Loan, due 2024 | LIBOR
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			1.75%
Dollar Term Loan, due 2024 | Base Rate
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			0.75%
Dollar Term Loan B, due 2027
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Long-term debt			$ 1,879			$ 1,883.7		$ 1,900
Original issue discounts			$ 2					2.4
Dollar Term Loan B, due 2027 | LIBOR
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			1.75%
Dollar Term Loan B, due 2027 | Base Rate
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			0.75%
Senior Secured Credit Facility
Interest Rate and Fees [Abstract]
Commitment fee (as a percent)			0.375%
Commitment fee upon achievement of Level 1 status (as a percent)			0.25%
Commitment fee upon achievement of Level 2 status (as a percent)			0.125%
Prepayments [Abstract]
Proportion of annual excess cash flow for prepayment of outstanding loan (as a percent)				50.00%
Proportion of annual excess cash flow for prepayment of outstanding loan under restrictive covenants (as a percent)			25.00%
Proportion of the net cash proceeds of all non-ordinary course asset sales for prepayment of outstanding term loan (as a percent)			100.00%
Reduction in proportion of the net cash proceeds of all non-ordinary course asset sales for prepayment of outstanding term loan (as a percent)			50.00%
Proportion of net cash proceeds of any incurrence of debt for prepayment of outstanding term loan (as a percent)			100.00%
Senior Secured Credit Facility | Maximum
Interest Rate and Fees [Abstract]
Consolidated senior secured debt to consolidated EBITDA ratio at Level 1 status			1.75
Consolidated senior secured debt to consolidated EBITDA ratio at Level 2 status			1.50
Prepayments [Abstract]
Consolidated secured debt to consolidated EBITDA ratio considered for prepayment of outstanding term loan			2.25
Senior Secured Credit Facility | Minimum
Prepayments [Abstract]
Consolidated secured debt to consolidated EBITDA ratio considered for prepayment of outstanding term loan			2
Certain Covenants and Events of Default [Abstract]
Proportion of non-cash collateralized letters of credit (as a percent)			40.00%
Euro Term Loan due in 2020
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Long-term debt | €									€ 601.2
Original issue discounts | €									€ 0.8
Write-off of unamortized debt issuance costs	$ 2
Euro Term Loan due in 2020 | LIBOR
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			2.00%
Revolving Credit Facility
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Long-term debt			$ 1,100
Letters of credit outstanding			105.4
Increase in debt instrument			100
Outstanding borrowings			0
Unused borrowing capacity			$ 994.6
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)		0.00%
Revolving Credit Facility | LIBOR
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			2.00%
Revolving Credit Facility | Base Rate
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			1.00%
Revolving Credit Facility | Maximum
Interest Rate and Fees [Abstract]
Consolidated senior secured debt to consolidated EBITDA ratio			6.25
Revolving Credit Facility | Ingersoll Rand
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Long-term debt								1,000
Letters of credit outstanding								$ 400
Dollar Term Loan Series A, due 2027
Debt Instrument, Senior Secured Credit Facilities [Abstract]
Long-term debt			$ 391.7			$ 392.4	$ 400
Original issue discounts			$ 5.3				$ 6
Prepayments [Abstract]
Proportion of prepayment premium of principal amount (as a percent)			1.00%
Dollar Term Loan Series A, due 2027 | LIBOR
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			2.75%
Dollar Term Loan Series A, due 2027 | Base Rate
Interest Rate and Fees [Abstract]
Basis spread on variable rate (as a percent)			1.75%

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 24.1	$ 3.5
Discontinued Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	0.8	0.1
Continuing Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 23.3	$ 3.4

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Narrative (Details) employee in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 24,100,000	$ 3,500,000
Total equity grant to employees			$ 150,000,000
Number of employees granted equity awards | employee			16
Unrecognized compensation expense	$ 175,500,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting/performance period	2 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period	10 years
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting/performance period	4 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting/performance period	5 years
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting/performance period	3 years
Equity Awards - Founders Grant | 2013 Stock Incentive Plan and 2017 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 16,800,000

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Stock Option Awards (Details) - Stock Options shares in Thousands	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Balance at beginning of period (shares) | shares	7,742
Granted (shares) | shares	757
Exercised or settled (shares) | shares	(334)
Forfeited (shares) | shares	(42)
Expired (shares) | shares	(5)
Balance at end of period (shares) | shares	8,118
Vested (shares) | shares	5,383
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Balance at beginning of period (USD per share) | $ / shares	$ 18.47
Granted (USD per share) | $ / shares	45.58
Exercised or settled (USD per share) | $ / shares	15.30
Forfeited (USD per share) | $ / shares	26.03
Expired (USD per share) | $ / shares	9.07
Balance at end of period (USD per share) | $ / shares	21.09
Vested (USD per share) | $ / shares	$ 15.57

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans - Assumptions Used to Estimate Fair Value of Options Granted (Details) - Stock Options	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life of options (in years)	6 years 3 months 18 days	6 years 3 months 18 days
Risk-free interest rate (as a percent)	0.90%
Volatility rate (as a percent)	39.40%
Expected dividend rate (as a percent)	0.00%	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (as a percent)		0.70%
Volatility rate (as a percent)		24.60%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate (as a percent)		1.50%
Volatility rate (as a percent)		39.00%

Stock-Based Compensation Plan_6

Stock-Based Compensation Plans - Restricted Stock Unit Awards (Details) - Restricted Stock Units shares in Thousands	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Shares [Roll Forward]
Balance at beginning of period (shares) | shares	5,546
Granted (shares) | shares	326
Vested (shares) | shares	(476)
Forfeited (shares) | shares	(126)
Balance at end of period (shares) | shares	5,270
Weighted-Average Grant-Date Fair Value [Abstract]
Balance at beginning of period (USD per share) | $ / shares	$ 33.09
Granted (USD per share) | $ / shares	45.58
Vested (USD per share) | $ / shares	28.51
Forfeited (USD per share) | $ / shares	33.66
Balance at end of period (USD per share) | $ / shares	$ 34.26

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans - Performance Share Unit Awards (Details) - Performance Share Units shares in Thousands	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Shares [Roll Forward]
Balance at beginning of period (shares) | shares	255
Granted (shares) | shares	158
Forfeited (shares) | shares	(6)
Balance at end of period (shares) | shares	407
Weighted-Average Grant-Date Fair Value [Abstract]
Balance at beginning of period (USD per share) | $ / shares	$ 29.72
Granted (USD per share) | $ / shares	55.84
Forfeited (USD per share) | $ / shares	29.72
Balance at end of period (USD per share) | $ / shares	$ 39.88

Stock-Based Compensation Plan_8

Stock-Based Compensation Plans - Performance Share Unit Fair Value Assumptions (Details) - Performance Share Units	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years 10 months 24 days	2 years 9 months 18 days
Risk-free interest rate (as a percent)	0.20%	0.50%
Assumed volatility (as a percent)	36.90%	35.20%
Expected dividend rate (as a percent)	0.00%	0.00%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Before-Tax Amount
Foreign currency translation adjustments, net	$ (107.2)	$ (89.5)
Unrecognized gains on cash flow hedges, net	0	1.6
Pension and other postretirement benefit prior service cost and gain or loss, net	1.5	3.5
Other comprehensive loss	(105.7)	(84.4)
Tax Benefit or (Expense)
Foreign currency translation adjustments, net	7.4	(2.7)
Unrecognized gains on cash flow hedges, net	0	(0.4)
Pension and other postretirement benefit prior service cost and gain or loss, net	(0.3)	(0.6)
Other comprehensive loss	7.1	(3.7)
Net of Tax Amount
Foreign currency translation adjustments, net	(99.8)	(92.2)
Unrecognized gains on cash flow hedges, net	0	1.2
Pension and other postretirement benefit prior service cost and gain or loss, net	1.2	2.9
Total other comprehensive loss, net of tax	(98.6)	(88.1)
Other comprehensive income, net of tax [Abstract]
Other comprehensive income (loss), net of tax, attributable to noncontrolling interest	$ (1.1)	$ (4)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 9,119.7
Other comprehensive income (loss) before reclassifications	(99.6)	$ (92.6)
Amounts reclassified from accumulated other comprehensive income (loss)	1	4.5
Total other comprehensive loss, net of tax	(98.6)	(88.1)
Balance at end of period	8,956.7
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	14.2	(256)
Balance at end of period	(84.4)	(344.1)
Foreign Currency Translation Adjustments, Net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	74.6	(193.6)
Other comprehensive income (loss) before reclassifications	(99.8)	(92.2)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Total other comprehensive loss, net of tax	(99.8)	(92.2)
Balance at end of period	(25.2)	(285.8)
Unrecognized Gains (Losses) on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	0	(10.9)
Other comprehensive income (loss) before reclassifications	0	(2.8)
Amounts reclassified from accumulated other comprehensive income (loss)	0	4
Total other comprehensive loss, net of tax	0	1.2
Balance at end of period	0	(9.7)
Pension and Other Postretirement Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(60.4)	(51.5)
Other comprehensive income (loss) before reclassifications	0.2	2.4
Amounts reclassified from accumulated other comprehensive income (loss)	1	0.5
Total other comprehensive loss, net of tax	1.2	2.9
Balance at end of period	$ (59.2)	$ (48.6)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) - Reclassifications out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Interest expense	$ 23.1	$ 27.1
Benefit for income taxes	(17.5)	67
Net income (loss) attributable to parent	(90.4)	(36.8)
Reclassification out of Accumulated Other Comprehensive (Loss) Income
Income Statement [Abstract]
Net income (loss) attributable to parent	1	4.5
Unrecognized Gains (Losses) on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive (Loss) Income
Income Statement [Abstract]
Interest expense	0	5.3
Benefit for income taxes	0	(1.3)
Net income (loss) attributable to parent	0	4
Pension and Other Postretirement Benefit Plans | Reclassification out of Accumulated Other Comprehensive (Loss) Income
Income Statement [Abstract]
Net periodic benefit cost	1.3	0.7
Benefit for income taxes	(0.3)	(0.2)
Net income (loss) attributable to parent	$ 1	$ 0.5

Hedging Activities, Derivativ_3

Hedging Activities, Derivative Instruments and Fair Value Measurements - Narrative (Details)	3 Months Ended
	Mar. 31, 2021
Foreign currency forward contracts | Maximum
Derivatives, Fair Value [Line Items]
Term of derivative contract	1 year

Hedging Activities, Derivativ_4

Hedging Activities, Derivative Instruments and Fair Value Measurements - Balance Sheets (Details) - Foreign currency forwards - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Maximum
Derivatives, Fair Value [Line Items]
Notional amount of derivative	$ 47.8
Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Notional amount of derivative	38.3	$ 230.5
Other Current Assets | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Assets fair value	1.2	2.9
Other Assets | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Assets fair value	0	0
Accrued Liabilities | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Liabilities fair value	0	0
Other Liabilities | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Liabilities fair value	0	0
Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Notional amount of derivative	138.8	51.2
Other Current Assets | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Assets fair value	0	0
Other Assets | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Assets fair value	0	0
Accrued Liabilities | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Liabilities fair value	0.5	0.7
Other Liabilities | Derivatives Not Designated as Hedging Instruments | Fair Value
Derivatives, Fair Value [Line Items]
Liabilities fair value	$ 0	$ 0

Hedging Activities, Derivativ_5

Hedging Activities, Derivative Instruments and Fair Value Measurements - Comprehensive Income (Loss) (Details) - Interest Rate Swaps - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Gains and Losses on Derivatives Designated as Cash Flow Hedges [Abstract]
Loss recognized in AOCI on derivatives	$ 0	$ (3.8)
Loss reclassified from AOCI into income (effective portion)	$ 0	$ (5.3)

Hedging Activities, Derivativ_6

Hedging Activities, Derivative Instruments and Fair Value Measurements - Interest Rate Swap Contracts (Details) € in Millions, $ in Millions	Mar. 31, 2021USD ($)Contract	Mar. 31, 2021EUR (€)Contract	Aug. 17, 2017EUR (€)
Derivative, Fair Value, Net [Abstract]
Amount of hedged item | €			€ 615
LIBOR
Derivative, Fair Value, Net [Abstract]
Long-term debt	$ 3,196.4	€ 595.1
Interest Rate Swaps
Derivative, Fair Value, Net [Abstract]
Number of derivatives held | Contract	0	0

Hedging Activities, Derivativ_7

Hedging Activities, Derivative Instruments and Fair Value Measurements - Foreign Currency Forward Contracts (Details) - Foreign currency forward contracts $ in Millions	Mar. 31, 2021USD ($)contract
Derivative, Fair Value, Net [Abstract]
Number of derivatives held | contract	7
Minimum
Derivative, Fair Value, Net [Abstract]
Notional amount of derivative	$ 10.5
Maximum
Derivative, Fair Value, Net [Abstract]
Notional amount of derivative	$ 47.8

Hedging Activities, Derivativ_8

Hedging Activities, Derivative Instruments and Fair Value Measurements - Derivative Instruments not Designated as Accounting Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net [Abstract]
Total foreign currency transaction gains (losses), net	$ 18.1	$ (2.3)
Foreign currency forward contracts losses
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net [Abstract]
Total foreign currency transaction gains (losses), net	$ (0.8)	$ (2.6)

Hedging Activities, Derivativ_9

Hedging Activities, Derivative Instruments and Fair Value Measurements - Investment in Consolidated Subsidiaries with Functional Currencies Other than USD (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021EUR (€)	Mar. 31, 2021USD ($)	Feb. 28, 2020EUR (€)	Aug. 17, 2017EUR (€)
Derivatives, Fair Value [Line Items]
Amount of hedged item | €						€ 615
Interest Rate Swaps
Derivatives, Fair Value [Line Items]
Gain, net of income tax, recorded through other comprehensive income | $	$ 18.9	$ 8.2
Balance included in accumulated other comprehensive (loss) income | $		$ 83		$ 49.7
Euro Term Loan
Derivatives, Fair Value [Line Items]
Amount of hedged item | €			€ 595.1		€ 601.2

Hedging Activities, Derivati_10

Hedging Activities, Derivative Instruments and Fair Value Measurements - Fair Value Measurements (Details) - Recurring - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Financial Assets
Foreign currency forwards	$ 1.2	$ 2.9
Trading securities held in deferred compensation plan	9.9	9.1
Total	11.1	12
Financial Liabilities
Foreign currency forwards	0.5	0.7
Deferred compensation plans	24.5	25.7
Total	25	26.4
Level 1
Financial Assets
Foreign currency forwards	0	0
Trading securities held in deferred compensation plan	9.9	9.1
Total	9.9	9.1
Financial Liabilities
Foreign currency forwards	0	0
Deferred compensation plans	24.5	25.7
Total	24.5	25.7
Level 2
Financial Assets
Foreign currency forwards	1.2	2.9
Trading securities held in deferred compensation plan	0	0
Total	1.2	2.9
Financial Liabilities
Foreign currency forwards	0.5	0.7
Deferred compensation plans	0	0
Total	0.5	0.7
Level 3
Financial Assets
Foreign currency forwards	0	0
Trading securities held in deferred compensation plan	0	0
Total	0	0
Financial Liabilities
Foreign currency forwards	0	0
Deferred compensation plans	0	0
Total	$ 0	$ 0

Revenue from Contracts with C_3

Revenue from Contracts with Customers, Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 1,369.8	$ 703.5
Revenue recognized at point in time
Disaggregation of Revenue [Line Items]
Revenues	1,296.1	656.8
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Revenues	73.7	46.7
Original equipment
Disaggregation of Revenue [Line Items]
Revenues	892	474.9
Aftermarket
Disaggregation of Revenue [Line Items]
Revenues	477.8	228.6
Americas
Disaggregation of Revenue [Line Items]
Revenues	729.9	355.1
United States
Disaggregation of Revenue [Line Items]
Revenues	654.1	300.1
Other Americas
Disaggregation of Revenue [Line Items]
Revenues	75.8	55
EMEIA
Disaggregation of Revenue [Line Items]
Revenues	415.2	246.9
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	224.7	101.5
Industrial Technologies and Services
Disaggregation of Revenue [Line Items]
Revenues	913.8	504
Industrial Technologies and Services | Revenue recognized at point in time
Disaggregation of Revenue [Line Items]
Revenues	847.9	459.4
Industrial Technologies and Services | Revenue recognized over time
Disaggregation of Revenue [Line Items]
Revenues	65.9	44.6
Industrial Technologies and Services | Original equipment
Disaggregation of Revenue [Line Items]
Revenues	528.7	303.3
Industrial Technologies and Services | Aftermarket
Disaggregation of Revenue [Line Items]
Revenues	385.1	200.7
Industrial Technologies and Services | Americas
Disaggregation of Revenue [Line Items]
Revenues	413.3	222.5
Industrial Technologies and Services | United States
Disaggregation of Revenue [Line Items]
Revenues	353.1	177.2
Industrial Technologies and Services | Other Americas
Disaggregation of Revenue [Line Items]
Revenues	60.2	45.3
Industrial Technologies and Services | EMEIA
Disaggregation of Revenue [Line Items]
Revenues	319.4	200.6
Industrial Technologies and Services | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	181.1	80.9
Precision and Science Technologies
Disaggregation of Revenue [Line Items]
Revenues	215.7	112.9
Precision and Science Technologies | Revenue recognized at point in time
Disaggregation of Revenue [Line Items]
Revenues	214.8	112.9
Precision and Science Technologies | Revenue recognized over time
Disaggregation of Revenue [Line Items]
Revenues	0.9	0
Precision and Science Technologies | Original equipment
Disaggregation of Revenue [Line Items]
Revenues	178.7	99
Precision and Science Technologies | Aftermarket
Disaggregation of Revenue [Line Items]
Revenues	37	13.9
Precision and Science Technologies | Americas
Disaggregation of Revenue [Line Items]
Revenues	101.6	54.2
Precision and Science Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	98.1	49.3
Precision and Science Technologies | Other Americas
Disaggregation of Revenue [Line Items]
Revenues	3.5	4.9
Precision and Science Technologies | EMEIA
Disaggregation of Revenue [Line Items]
Revenues	80.1	40.9
Precision and Science Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	34	17.8
Specialty Vehicle Technologies
Disaggregation of Revenue [Line Items]
Revenues	240.3	86.6
Specialty Vehicle Technologies | Revenue recognized at point in time
Disaggregation of Revenue [Line Items]
Revenues	233.4	84.5
Specialty Vehicle Technologies | Revenue recognized over time
Disaggregation of Revenue [Line Items]
Revenues	6.9	2.1
Specialty Vehicle Technologies | Original equipment
Disaggregation of Revenue [Line Items]
Revenues	184.6	72.6
Specialty Vehicle Technologies | Aftermarket
Disaggregation of Revenue [Line Items]
Revenues	55.7	14
Specialty Vehicle Technologies | Americas
Disaggregation of Revenue [Line Items]
Revenues	215	78.4
Specialty Vehicle Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	202.9	73.6
Specialty Vehicle Technologies | Other Americas
Disaggregation of Revenue [Line Items]
Revenues	12.1	4.8
Specialty Vehicle Technologies | EMEIA
Disaggregation of Revenue [Line Items]
Revenues	15.7	5.4
Specialty Vehicle Technologies | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 9.6	$ 2.8

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 406.1
Remaining performance obligation, expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 304.5
Remaining performance obligation, expected timing of satisfaction

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Accounts receivable, net	$ 978.1	$ 934.4
Contract assets	55.1	60.5
Contract liabilities	$ 192.6	$ 175.7

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Allowance for Credit Losses (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of the period	$ 52.7
Provision charged to expense	0.4
Write-offs, net of recoveries	(1.5)
Foreign currency translation and other	(1)
Balance at end of the period	$ 50.6

Income Taxes - Summary (Details

Income Taxes - Summary (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ 129.1	$ (105)
Provision (benefit) for income taxes	$ 17.5	$ (67)
Effective income tax provision rate (as a percent)	13.60%	63.80%

Other Operating Expense, Net -

Other Operating Expense, Net - Summary (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Other Operating Expense, Net [Abstract]
Foreign currency transaction losses (gains), net	$ (18.1)	$ 2.3
Restructuring charges, net	2.4	38.5
Acquisition and other transaction related expenses	15.3	55
Other, net	1.7	1.5
Total other operating expense, net	$ 1.3	$ 97.3

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Undiscounted accrued liabilities for environmental loss contingencies	$ 13.4	$ 13.7
Asbestos and Silica Related Litigation
Loss Contingencies [Line Items]
Estimated litigation liability	129.2	131.4
Insurance recovery receivable	$ 133.4	$ 132.1

Segment Results - Narrative (De

Segment Results - Narrative (Details)	3 Months Ended
	Mar. 31, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Results - Summary (Deta

Segment Results - Summary (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting [Abstract]
Revenue	$ 1,369.8	$ 703.5
Adjusted EBITDA	326.9	141.8
Less items to reconcile Segment Adjusted EBITDA to Income (Loss) Before Income Taxes:
Interest expense	23.1	27.1
Restructuring and related business transformation costs	2.7	39.1
Acquisition related expenses and non-cash charges	15.3	55
Stock-based compensation	23.3	3.4
Foreign currency transaction losses, net	(18.1)	2.3
Loss on extinguishment of debt	0	2
Income (Loss) from Continuing Operations Before Income Taxes	129.1	(105)
Provision (benefit) for income taxes	17.5	(67)
Income (Loss) from Continuing Operations	111.6	(38)
Income (loss) from discontinued operations, net of tax	(201.7)	1.2
Net Loss	(90.1)	(36.8)
Depreciation of rental equipment	2.8	1.2
Restructuring Costs [Abstract]
Restructuring charges	2.4	38.5
Facility reorganization, relocation and other costs	0	0.4
Other, net	0.3	0.2
Total restructuring and related business transformation costs	2.7	39.1
Stock-based compensation expense recognized in continuing operations	23.3	3.4
Increase in stock-based compensation expense due to costs associated with employer taxes		(0.5)
Industrial Technologies and Services
Segment Reporting [Abstract]
Revenue	913.8	504
Precision and Science Technologies
Segment Reporting [Abstract]
Revenue	215.7	112.9
Specialty Vehicle Technologies
Segment Reporting [Abstract]
Revenue	240.3	86.6
Operating segments | Industrial Technologies and Services
Segment Reporting [Abstract]
Revenue	913.8	504
Adjusted EBITDA	211.5	94.8
Operating segments | Precision and Science Technologies
Segment Reporting [Abstract]
Revenue	215.7	112.9
Adjusted EBITDA	67.2	32.9
Operating segments | Specialty Vehicle Technologies
Segment Reporting [Abstract]
Revenue	240.3	86.6
Adjusted EBITDA	48.2	14.1
Corporate expenses not allocated to segments
Less items to reconcile Segment Adjusted EBITDA to Income (Loss) Before Income Taxes:
Operating expenses	34.1	15.9
Segment reconciling items
Less items to reconcile Segment Adjusted EBITDA to Income (Loss) Before Income Taxes:
Interest expense	23.1	27.1
Depreciation and amortization expenses	116.2	62
Restructuring and related business transformation costs	2.7	39.1
Acquisition related expenses and non-cash charges	17.5	96.1
Stock-based compensation	23.3	2.9
Foreign currency transaction losses, net	(18.1)	2.3
Loss on extinguishment of debt	0	2
Other adjustments	(1)	(0.6)
Income (Loss) from Continuing Operations Before Income Taxes	129.1	(105)
Restructuring Costs [Abstract]
Total restructuring and related business transformation costs	$ 2.7	$ 39.1

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021EUR (€)shares	Mar. 31, 2021USD ($)shares
Ingersoll Rand | Common Stock | KKR
Related Party Transaction [Line Items]
Stock owned by non-controlling owners (shares) | shares	44,788,635	44,788,635
Ownership interest by non-controlling owners (as a percent)	11.00%	11.00%
KKR | Lender in Senior Secured Credit Facilities | Euro Term Loan Facility
Related Party Transaction, Due to Related Party [Abstract]
Related party transaction amount | €	€ 41.2
KKR | Lender in Senior Secured Credit Facilities | Dollar Term Loan B Facility
Related Party Transaction, Due to Related Party [Abstract]
Related party transaction amount | $		$ 39.6

Earnings (Loss) Per Share - Sum

Earnings (Loss) Per Share - Summary (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Average shares outstanding
Basic (shares)	419.2	277.3
Diluted (shares)	425.9	277.3

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings (loss) per share (shares)	0.9	3.8

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) $ in Millions	Apr. 12, 2021USD ($)
Subsequent Event | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Specialty Vehicle Technologies
Subsequent Event [Line Items]
Cash consideration for sale of business	$ 1,680