Document and Entity Information Document - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Feb. 01, 2019 |
Jun. 30, 2018 |
|
| Entity Information [Line Items] | |||
| Entity Registrant Name | INGERSOLL-RAND PLC | ||
| Entity Central Index Key | 0001466258 | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Document Type | 10-K | ||
| Document Period End Date | Dec. 31, 2018 | ||
| Document Fiscal Year Focus | 2018 | ||
| Document Fiscal Period Focus | FY | ||
| Amendment Flag | false | ||
| Entity Common Stock, Shares Outstanding | 242,168,631 | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Small Business | false | ||
| Entity Shell Company | false | ||
| Entity Emerging Growth Company | false | ||
| Entity Public Float | $ 21,926,638,212 |
Consolidated Balance Sheets (Parenthetical) - $ / shares |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Ordinary shares, par value, in dollars or euros per share, as stated | $ 1.00 | $ 1.00 |
| Ordinary shares issued | 0 | 273,980,824 |
| Ordinary shares owned by subsidiary | 0 | 24,501,667 |
Consolidated Statements of Equity (Parenthetical) - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Cash dividends, declared, in dollars per share | $ 0 | $ 1.16 | |
Description of Company |
12 Months Ended |
|---|---|
Dec. 31, 2018 | |
| Description Of Company | |
| Description of Company | ESCRIPTION OF COMPANY Ingersoll-Rand plc (Plc or Parent Company), a public limited company incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively, we, our, the Company) is a diversified, global company that provides products, services and solutions to enhance the quality, energy efficiency and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. The Company's business segments consist of Climate and Industrial, both with strong brands and highly differentiated products within their respective markets. The Company generates revenue and cash primarily through the design, manufacture, sale and service of a diverse portfolio of industrial and commercial products that include well-recognized, premium brand names such as Ingersoll-Rand®, Trane®, Thermo King®, American Standard®, ARO®, and Club Car®. |
Summary of Significant Accounting Policies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Summary of Significant Accounting Policies | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies used in the preparation of the accompanying Consolidated Financial Statements follows: Basis of Presentation: The accompanying Consolidated Financial Statements reflect the consolidated operations of the Company and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (ASC). Intercompany accounts and transactions have been eliminated. The assets, liabilities, results of operations and cash flows of all discontinued operations have been separately reported as discontinued operations for all periods presented. Certain reclassifications of amounts reported in prior periods have been made to conform with the current period presentation. The Company has revised its supplemental cash flow information in prior years to properly reflect cash paid during the year for interest. The Consolidated Financial Statements include all majority-owned subsidiaries of the Company. A noncontrolling interest in a subsidiary is considered an ownership interest in a majority-owned subsidiary that is not attributable to the parent. The Company includes Noncontrolling interest as a component of Total equity in the Consolidated Balance Sheet and the Net earnings attributable to noncontrolling interests are presented as an adjustment from Net earnings used to arrive at Net earnings attributable to Ingersoll-Rand plc in the Consolidated Statement of Comprehensive Income. Partially-owned equity affiliates represent 20-50% ownership interests in investments where the Company demonstrates significant influence, but does not have a controlling financial interest. Partially-owned equity affiliates are accounted for under the equity method. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic conditions and trends, and the assessment of the probable future outcome. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the statement of operations in the period that they are determined. Currency Translation: Assets and liabilities of non-U.S. subsidiaries, where the functional currency is not the U.S. dollar, have been translated at year-end exchange rates, and income and expense accounts have been translated using average exchange rates throughout the year. Adjustments resulting from the process of translating an entity’s financial statements into the U.S. dollar have been recorded in the equity section of the Consolidated Balance Sheet within Accumulated other comprehensive income (loss). Transactions that are denominated in a currency other than an entity’s functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within Net earnings. Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, demand deposits and all highly liquid investments with original maturities at the time of purchase of three months or less. The Company maintains amounts on deposit at various financial institutions, which may at times exceed federally insured limits. However, management periodically evaluates the credit-worthiness of those institutions and has not experienced any losses on such deposits. Allowance for Doubtful Accounts: The Company maintains an allowance for doubtful accounts receivable which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. This estimate is based upon a two-step policy that results in the total recorded allowance for doubtful accounts. The first step is to record a portfolio reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical experience with the Company's end markets, customer base and products. The second step is to create a specific reserve for significant accounts as to which the customer's ability to satisfy their financial obligation to the Company is in doubt due to circumstances such as bankruptcy, deteriorating operating results or financial position. In these circumstances, management uses its judgment to record an allowance based on the best estimate of probable loss, factoring in such considerations as the market value of collateral, if applicable. Actual results could differ from those estimates. These estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statement of Comprehensive Income in the period that they are determined. The Company reserved $32.7 million and $26.9 million for doubtful accounts as of December 31, 2018 and 2017, respectively. Inventories: Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. At December 31, 2018 and 2017, approximately 56% and 51%, respectively, of all inventory utilized the LIFO method. Property, Plant and Equipment: Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows:
Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. Per ASC 360, "Property, Plant, and Equipment," (ASC 360) the Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. Goodwill and Intangible Assets: The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. In accordance with ASC 350, "Intangibles-Goodwill and Other," (ASC 350) goodwill and other indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset is more likely than not less than the carrying amount of the asset. Impairment of goodwill is assessed at the reporting unit level and begins with an optional qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the goodwill impairment test under ASC 350. For those reporting units that bypass or fail the qualitative assessment, the test compares the carrying amount of the reporting unit to its estimated fair value. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. To the extent that the carrying value of the reporting unit exceeds its estimated fair value, an impairment loss will be recognized for the amount by which the reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in that reporting unit. Intangible assets such as patents, customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives. The weighted-average useful lives approximate the following:
The Company assesses the recoverability of the carrying value of its intangible assets with finite useful lives whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. Employee Benefit Plans: The Company provides a range of benefits, including pensions, postretirement and postemployment benefits to eligible current and former employees. Determining the cost associated with such benefits is dependent on various actuarial assumptions, including discount rates, expected return on plan assets, compensation increases, mortality, turnover rates, and healthcare cost trend rates. Actuaries perform the required calculations to determine expense in accordance with GAAP. Actual results may differ from the actuarial assumptions and are generally accumulated into Accumulated other comprehensive income (loss) and amortized into Net earnings over future periods. The Company reviews its actuarial assumptions at each measurement date and makes modifications to the assumptions based on current rates and trends, if appropriate. Loss Contingencies: Liabilities are recorded for various contingencies arising in the normal course of business, including litigation and administrative proceedings, environmental matters, product liability, product warranty, worker’s compensation and other claims. The Company has recorded reserves in the financial statements related to these matters, which are developed using input derived from actuarial estimates and historical and anticipated experience data depending on the nature of the reserve, and in certain instances with consultation of legal counsel, internal and external consultants and engineers. Subject to the uncertainties inherent in estimating future costs for these types of liabilities, the Company believes its estimated reserves are reasonable and does not believe the final determination of the liabilities with respect to these matters would have a material effect on the financial condition, results of operations, liquidity or cash flows of the Company for any year. Environmental Costs: The Company is subject to laws and regulations relating to protecting the environment. Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and can be reasonably estimated, generally no later than the completion of feasibility studies or the Company’s commitment to a plan of action. The assessment of this liability, which is calculated based on existing technology, does not reflect any offset for possible recoveries from insurance companies, and is not discounted. Asbestos Matters: Certain of the Company's wholly-owned subsidiaries and former companies are named as defendants in asbestos-related lawsuits in state and federal courts. The Company records a liability for actual and anticipated future claims as well as an asset for anticipated insurance settlements. Asbestos-related defense costs are excluded from the asbestos claims liability and are recorded separately as services are incurred. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. The Company records certain income and expenses associated with asbestos liabilities and corresponding insurance recoveries within discontinued operations, net of tax, as they relate to previously divested businesses, except for amounts associated with Trane U.S. Inc.’s asbestos liabilities and corresponding insurance recoveries which are recorded within continuing operations. Product Warranties: Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Revenue on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. Income Taxes: Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company recognizes future tax benefits, such as net operating losses and tax credits, to the extent that realizing these benefits is considered in its judgment to be more likely than not. The Company regularly reviews the recoverability of its deferred tax assets considering its historic profitability, projected future taxable income, timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies. Where appropriate, the Company records a valuation allowance with respect to a future tax benefit. Revenue Recognition: Revenue is recognized when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. A majority of the Company's revenues are recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenues are recognized over time as the customer simultaneously receives control as the Company performs work under a contract. See Note 11 to the Consolidated Financial Statements for additional information regarding revenue recognition. Research and Development Costs: The Company conducts research and development activities for the purpose of developing and improving new products and services. These expenditures are expensed when incurred. For the years ended December 31, 2018, 2017 and 2016, these expenditures amounted to $228.7 million, $210.8 million and $207.9 million, respectively. Recent Accounting Pronouncements The FASB ASC is the sole source of authoritative GAAP other than the Securities and Exchange Commission (SEC) issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standards Update (ASU) to communicate changes to the codification. The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements. Recently Adopted Accounting Pronouncements In August 2017, the FASB issued ASU 2017-12, "Derivatives and hedging (Topic 815): Targeted improvements to accounting for hedging activities" (ASU 2017-12). This standard more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This standard also addresses specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company adopted this standard on October 1, 2018 with no material impact to the financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” (ASU 2016-16) which removed the prohibition in Topic 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. As a result, the income tax consequences of an intra-entity transfer of assets other than inventory will be recognized in the current period income statement rather than being deferred until the assets leave the consolidated group. The Company applied ASU 2016-16 on a modified retrospective basis through a cumulative-effect adjustment which reduced Retained earnings by $9.1 million as of January 1, 2018. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under ASC 606, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. The Company adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million with related amounts not materially impacting the Balance Sheet. Refer to Note 11, “Revenue,” for a further discussion on the adoption of ASC 606. In March 2017, the FASB issued ASU 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" (ASU 2017-07) which changes the way employers that sponsor defined benefit pension and/or postretirement benefit plans reflect net periodic benefit costs in the income statement. Under the previous standard, the multiple components of net periodic benefit costs are aggregated and reported within the operating section of the income statement or capitalized into assets when appropriate. The new standard requires a company to present the service cost component of net periodic benefit cost in the same income statement line as other employee compensation costs with the remaining components of net periodic benefit cost presented separately from the service cost component and outside of any subtotal of operating income, if one is presented. In addition, only the service cost component will be eligible for capitalization in assets. The Company adopted this standard on January 1, 2017 applying the presentation requirements retrospectively. In March 2016, the FASB issued ASU No. 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09) which simplifies several aspects of the accounting for employee share-based payment transactions. The standard makes several modifications to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. In addition, ASU 2016-09 clarifies the statement of cash flows presentation for certain components of share-based awards. The Company adopted this standard on January 1, 2017 and prospectively presented any excess tax benefits or deficiencies in the income statement as a component of Provision for income taxes rather than in the Equity section of the Balance Sheet. As part of the adoption, the Company reclassified $15.1 million of excess tax benefits previously unrecognized on a modified retrospective basis through a cumulative-effect adjustment to increase Retained earnings as of January 1, 2017. In addition, the statement of cash flows for the twelve months ended December 31, 2016 was retrospectively adjusted to present $21.7 million of excess tax benefits as an operating activity rather than a financing activity. Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract" (ASU 2018-15), which aligns the requirements for capitalizing implementation costs in a cloud-computing arrangement service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. In addition, the guidance also clarifies the presentation requirements for reporting such costs in the financial statements. ASU 2018-15 is effective for annual reporting periods beginning after December 15, 2019 with early adoption permitted. The Company is currently assessing the impact of the ASU on its financial statements. In February 2018, the FASB issued ASU 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" (ASU 2018-02), which allows companies to reclassify stranded tax effects in Accumulated other comprehensive income (loss) that have been caused by the Tax Cuts and Jobs Act of 2017 (the Act) to Retained earnings for each period in which the effect of the change in the U.S. federal corporate income tax rate is recorded. ASU 2018-02 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. However, the FASB has made the reclassification optional. As a result, the Company assessed the impact of the ASU on its financial statements and will not exercise the option to reclassify the stranded tax effects caused by the Act. In February 2016, the FASB issued ASU 2016-02, "Leases" (ASU 2016-02), which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted. The FASB allows the option to adopt the standard using a modified retrospective approach through a cumulative-effect adjustment to retained earnings applied either to the beginning of the earliest period presented or the beginning of the period of adoption. The Company will adopt the new guidance effective January 1, 2019 using a modified retrospective approach through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Company expects the estimated right-of-use asset and related lease liability recognized on the Balance Sheet to approximate $500 million. However, the Company does not expect the adoption to have a material impact to its Statement of Cash Flows or Statement of Comprehensive Income. |
||||||||||||||||||||||||||||||||||||||||
Inventories |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories | INVENTORIES Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. At December 31, the major classes of inventory were as follows:
The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to net realizable value. Reserve balances, primarily related to obsolete and slow-moving inventories, were $119.9 million and $120.3 million at December 31, 2018 and December 31, 2017, respectively. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT At December 31, the major classes of property, plant and equipment were as follows:
Depreciation expense for the years ended December 31, 2018, 2017 and 2016 was $217.4 million, $217.3 million and $216.7 million, which include amounts for software amortization of $25.7 million, $28.6 million and $35.9 million, respectively. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | GOODWILL The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill is tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset. The changes in the carrying amount of Goodwill are as follows:
(1) Refer to Note 17, "Acquisitions and Divestitures" for more information regarding acquisitions. The net goodwill balances at December 31, 2018, 2017 and 2016 include $2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge in the fourth quarter of 2008 associated with the Climate segment. The Company performed its annual goodwill impairment test during the fourth quarter of 2018 and determined that the estimated fair value of each reporting unit exceeded their respective carrying value. As a result, no impairment charges were recorded during the year. However, the Climate Latin America reporting unit is at risk of impairment as its estimated fair value exceeded its carrying value by 1.1%. The reporting unit has approximately $190 million of goodwill as of December 31, 2018. A significant increase in the discount rate, decrease in the long-term growth rate, or substantial reductions in end markets and volume assumptions could have a negative impact on its estimated fair value. With all other assumptions and trends remaining constant for each independent variable, a 0.5% increase in the discount rate combined with a 0.5% decrease in the long-term growth rate would result in an approximate $15 million impairment for this reporting unit. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | INTANGIBLE ASSETS Indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset. All other intangible assets with finite useful lives are being amortized on a straight-line basis over their estimated useful lives. The following table sets forth the gross amount and related accumulated amortization of the Company’s intangible assets at December 31:
Intangible asset amortization expense for 2018, 2017 and 2016 was $139.3 million, $132.0 million and $132.0 million, respectively. Future estimated amortization expense on existing intangible assets in each of the next five years amounts to approximately $139 million for 2019, $137 million for 2020, $137 million for 2021, $137 million for 2022, and $135 million for 2023. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Credit Facilities |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt and Credit Facilities | DEBT AND CREDIT FACILITIES At December 31, Short-term borrowings and current maturities of long-term debt consisted of the following:
(1) During the first quarter of 2018, the Company redeemed its 6.875% Senior notes due 2018. The Company's short-term obligations primarily consist of current maturities of long-term debt. Other obligations relate to short-term lines of credit used to fund working capital requirements in certain non U.S. countries. The weighted-average interest rate for Short-term borrowings and current maturities of long-term debt at December 31, 2018 and 2017 was 6.3% and 6.7%, respectively. Commercial Paper Program The Company uses borrowings under its commercial paper program for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, under the commercial paper program is $2.0 billion as of December 31, 2018. Under the commercial paper program, the Company may issue notes from time to time through Ingersoll-Rand Global Holding Company Limited or Ingersoll-Rand Luxembourg Finance S.A. Each of Ingersoll-Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l., Ingersoll-Rand Global Holding Company Limited and Ingersoll-Rand Company provided irrevocable and unconditional guarantees for any notes issued under the commercial paper program. The Company had no outstanding balance under its commercial paper program as of December 31, 2018 and December 31, 2017. Debentures with Put Feature At December 31, 2018 and December 31, 2017, the Company had $343.0 million of fixed rate debentures outstanding which contain a put feature that the holders may exercise on each anniversary of the issuance date. If exercised, the Company is obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount of the debentures plus accrued interest. If these options are not exercised, the final contractual maturity dates would range between 2027 and 2028. Holders of these debentures had the option to exercise the put feature on each of the outstanding debentures in 2018, subject to the notice requirement. No material exercises were made. At December 31, long-term debt excluding current maturities consisted of:
(1) During the first quarter of 2018, the Company redeemed its 2.875% Senior notes due 2019. Scheduled maturities of long-term debt, including current maturities, as of December 31, 2018 are as follows:
Issuance and Redemption of Senior Notes In February 2018, the Company issued $1.15 billion principal amount of senior notes in three tranches through an indirect, wholly-owned subsidiary. The tranches consist of $300 million aggregate principal amount of 2.900% senior notes due 2021, $550 million aggregate principal amount of 3.750% senior notes due 2028 and $300 million aggregate principal amount of 4.300% senior notes due 2048. The notes are fully and unconditionally guaranteed by each of Ingersoll Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l, Ingersoll-Rand Company and Ingersoll-Rand Luxembourg Finance S.A. The Company has the option to redeem the notes in whole or in part at any time, prior to their stated maturity date at redemption prices set forth in the indenture agreement. The notes are subject to certain customary covenants, however, none of these covenants are considered restrictive to the Company’s operations. In March 2018, the Company used the proceeds to fund the redemption of $750 million aggregate principal amount of 6.875% senior notes due 2018 and $350 million aggregate principal amount of 2.875% senior notes due 2019, with the remainder used for general corporate purposes. As a result of the early redemption, the Company recognized $15.4 million of premium expense and $1.2 million of unamortized costs in Interest expense in 2018. Other Credit Facilities The Company maintains two 5-year, $1.0 billion revolving credit facilities (the Facilities) through its wholly-owned subsidiaries, Ingersoll-Rand Global Holding Company Limited and Ingersoll-Rand Luxembourg Finance S.A. (collectively, the Borrowers). Each senior unsecured credit facility provides support for the Company's commercial paper program and can be used for working capital and other general corporate purposes. Ingersoll-Rand plc, Ingersoll-Rand Irish Holdings Unlimited Company, Ingersoll-Rand Lux International Holding Company S.à.r.l. and Ingersoll-Rand Company each provide irrevocable and unconditional guarantees for these Facilities. In addition, each Borrower will guarantee the obligations under the Facilities of the other Borrower. Total commitments of $2.0 billion were unused at December 31, 2018 and December 31, 2017. On April 17, 2018, the Company entered into a new 5-year, $1.0 billion senior unsecured credit facility and terminated its 5-year, $1.0 billion facility set to expire in March 2019. As a result, the current maturity dates of the Facilities are March 2021 and April 2023. Fair Value of Debt The carrying value of the Company's short-term borrowings is a reasonable estimate of fair value due to the short-term nature of the instruments. The fair value of the Company's debt instruments at December 31, 2018 and December 31, 2017 was $4,244.0 million and $4,462.2 million, respectively. The Company measures the fair value of its long-term debt instruments for disclosure purposes based upon observable market prices quoted on public exchanges for similar assets. These fair value inputs are considered Level 2 within the fair value hierarchy. The methodologies used by the Company to determine the fair value of its long-term debt instruments at December 31, 2018 are the same as those used at December 31, 2017. Guarantees Along with Ingersoll-Rand plc, certain of the Company's 100% directly or indirectly owned subsidiaries have fully and unconditionally guaranteed, on a joint and several basis, public debt issued by other 100% directly or indirectly owned subsidiaries. Refer to Note 21 for the Company's current guarantor structure. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Instruments Abstract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Instruments | FINANCIAL INSTRUMENTS In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors. These fluctuations can increase the cost of financing, investing and operating the business. The Company may use various financial instruments, including derivative instruments, to manage the risks associated with interest rate, commodity price and foreign currency exposures. These financial instruments are not used for trading or speculative purposes. The Company recognizes all derivatives on the Consolidated Balance Sheet at their fair value as either assets or liabilities. On the date a derivative contract is entered into, the Company designates the derivative instrument as a cash flow hedge of a forecasted transaction or as an undesignated derivative. The Company formally documents its hedge relationships, including identification of the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking derivative instruments that are designated as hedges to specific assets, liabilities or forecasted transactions. The Company assesses at inception and at least quarterly thereafter, whether the derivatives used in cash flow hedging transactions are highly effective in offsetting the changes in the cash flows of the hedged item. To the extent the derivative is deemed to be a highly effective hedge, the fair market value changes of the instrument are recorded to Accumulated other comprehensive income (AOCI). If the hedging relationship ceases to be highly effective, or it becomes probable that a forecasted transaction is no longer expected to occur, the hedging relationship will be undesignated and any future gains and losses on the derivative instrument will be recorded in Net earnings. The fair values of derivative instruments included within the Consolidated Balance Sheet as of December 31 were as follows:
Asset and liability derivatives included in the table above are recorded within Other current assets and Accrued expenses and other current liabilities, respectively. Currency Hedging Instruments The notional amount of the Company’s currency derivatives was $0.6 billion and $0.7 billion at December 31, 2018 and 2017, respectively. At December 31, 2018 and 2017, a net gain of $0.5 million and a net loss of $1.2 million, net of tax, respectively, was included in AOCI related to the fair value of the Company’s currency derivatives designated as accounting hedges. The amount expected to be reclassified into Net earnings over the next twelve months is a gain of $0.5 million. The actual amounts that will be reclassified to Net earnings may vary from this amount as a result of changes in market conditions. Gains and losses associated with the Company’s currency derivatives not designated as hedges are recorded in Net earnings as changes in fair value occur. At December 31, 2018, the maximum term of the Company’s currency derivatives was approximately 12 months, except for currency derivatives in place related to a certain long-term contract. Other Derivative Instruments Prior to 2005, the Company utilized forward-starting interest rate swaps and interest rate locks to manage interest rate exposure in periods prior to the anticipated issuance of certain fixed-rate debt. These instruments were designated as cash flow hedges and had a notional amount of $1.3 billion. Consequently, when the contracts were settled upon the issuance of the underlying debt, any realized gains or losses in the fair values of the instruments were deferred into AOCI. These deferred gains or losses are subsequently recognized in Interest expense over the term of the related notes. The net unrecognized gain in AOCI was $6.7 million and $6.6 million at December 31, 2018 and at December 31, 2017. The deferred gain at December 31, 2018 will be amortized over the term of notes with maturities ranging from 2018 to 2044. The amount expected to be amortized over the next twelve months is a net gain of $0.7 million. The Company has no forward-starting interest rate swaps or interest rate lock contracts outstanding at December 31, 2018 or 2017. The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the years ended December 31:
The following table represents the amounts associated with derivatives not designated as hedges affecting Net earnings for the years ended December 31:
The gains and losses associated with the Company’s undesignated currency derivatives are materially offset in Other income/(expense), net by changes in the fair value of the underlying transactions. The following table presents the effects of the Company's designated financial instruments on the associated financial statement line item within the Consolidated Statement of Comprehensive Income where the financial instrument are recorded:
Concentration of Credit Risk The counterparties to the Company’s forward contracts consist of a number of investment grade major international financial institutions. The Company could be exposed to losses in the event of nonperformance by the counterparties. However, the credit ratings and the concentration of risk in these financial institutions are monitored on a continuous basis and present no significant credit risk to the Company. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | FAIR VALUE MEASUREMENTS ASC 820, "Fair Value Measurement," (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows:
ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2018:
The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:
Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures. The fair value of the derivative instruments are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable. The carrying values of cash and cash equivalents, accounts receivable and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. These methodologies used by the Company to determine the fair value of its financial assets and liabilities at December 31, 2018 are the same as those used at December 31, 2017. There have been no transfers between levels of the fair value hierarchy. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pensions and Postretirement Benefits Other Than Pensions |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retirement Benefits, Description [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pensions and Postretirement Benefits Other Than Pensions | PENSIONS AND POSTRETIREMENT BENEFITS OTHER THAN PENSIONS The Company sponsors several U.S. defined benefit and defined contribution plans covering substantially all of the Company's U.S. employees. Additionally, the Company has many non-U.S. defined benefit and defined contribution plans covering eligible non-U.S. employees. Postretirement benefits other than pensions (OPEB) provide healthcare benefits, and in some instances, life insurance benefits for certain eligible employees. Pension Plans The noncontributory defined benefit pension plans covering non-collectively bargained U.S. employees provide benefits on a final average pay formula while plans for most collectively bargained U.S. employees provide benefits on a flat dollar benefit formula or a percentage of pay formula. The non-U.S. pension plans generally provide benefits based on earnings and years of service. The Company also maintains additional other supplemental plans for officers and other key or highly compensated employees. The following table details information regarding the Company’s pension plans at December 31:
It is the Company’s objective to contribute to the pension plans to ensure adequate funds, and no less than required by law, are available in the plans to make benefit payments to plan participants and beneficiaries when required. However, certain plans are not or cannot be funded due to either legal, accounting, or tax requirements in certain jurisdictions. As of December 31, 2018, approximately seven percent of the Company's projected benefit obligation relates to plans that cannot be funded. The pretax amounts recognized in Accumulated other comprehensive income (loss) are as follows:
(1) Includes $0.2 million recorded in restructuring charges. Weighted-average assumptions used to determine the benefit obligation at December 31 are as follows:
The accumulated benefit obligation for all defined benefit pension plans was $3,364.6 million and $3,626.7 million at December 31, 2018 and 2017, respectively. The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with accumulated benefit obligations more than plan assets were $3,075.2 million, $2,992.0 million and $2,330.4 million, respectively, as of December 31, 2018, and $3,291.4 million, $3,194.7 million and $2,554.0 million, respectively, as of December 31, 2017. Pension benefit payments are expected to be paid as follows:
The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following:
Net periodic pension benefit cost for 2019 is projected to be approximately $113 million. The amounts expected to be recognized in net periodic pension benefit cost during 2019 for prior service cost and plan net actuarial losses are approximately $5 million and $54 million, respectively. Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 are as follows:
The expected long-term rate of return on plan assets reflects the average rate of returns expected on the funds invested or to be invested to provide for the benefits included in the projected benefit obligation. The expected long-term rate of return on plan assets is based on what is achievable given the plan’s investment policy, the types of assets held and target asset allocations. The expected long-term rate of return is determined as of the measurement date. The Company reviews each plan and its historical returns and target asset allocations to determine the appropriate expected long-term rate of return on plan assets to be used. The Company's objective in managing its defined benefit plan assets is to ensure that all present and future benefit obligations are met as they come due. It seeks to achieve this goal while trying to mitigate volatility in plan funded status, contribution, and expense by better matching the characteristics of the plan assets to that of the plan liabilities. The Company utilizes a dynamic approach to asset allocation whereby a plan's allocation to fixed income assets increases as the plan's funded status improves. The Company monitors plan funded status and asset allocation regularly in addition to investment manager performance. The fair values of the Company’s pension plan assets at December 31, 2018 by asset category are as follows:
The fair values of the Company’s pension plan assets at December 31, 2017 by asset category are as follows:
Cash equivalents are valued using a market approach with inputs including quoted market prices for either identical or similar instruments. Fixed income securities are valued through a market approach with inputs including, but not limited to, benchmark yields, reported trades, broker quotes and issuer spreads. Commingled funds are valued at their daily net asset value (NAV) per share or the equivalent. NAV per share or the equivalent is used for fair value purposes as a practical expedient. NAVs are calculated by the investment manager or sponsor of the fund. Private real estate fund values are reported by the fund manager and are based on valuation or appraisal of the underlying investments. Refer to Note 9, "Fair Value Measurements" for additional information related to the fair value hierarchy defined by ASC 820. There have been no significant transfers between levels of the fair value hierarchy. The Company made required and discretionary contributions to its pension plans of $86.9 million in 2018, $101.4 million in 2017, and $56.4 million in 2016 and currently projects that it will contribute approximately $104 million to its plans worldwide in 2019. The Company’s policy allows it to fund an amount, which could be in excess of or less than the pension cost expensed, subject to the limitations imposed by current tax regulations. However, the Company anticipates funding the plans in 2019 in accordance with contributions required by funding regulations or the laws of each jurisdiction. Most of the Company’s U.S. employees are covered by defined contribution plans. Employer contributions are determined based on criteria specific to the individual plans and amounted to approximately $131.9 million, $118.7 million, and $108.3 million in 2018, 2017 and 2016, respectively. The Company’s contributions relating to non-U.S. defined contribution plans and other non-U.S. benefit plans were $52.0 million, $47.7 million and $39.9 million in 2018, 2017 and 2016, respectively. Multiemployer Pension Plans The Company also participates in a number of multiemployer defined benefit pension plans related to collectively bargained U.S. employees of Trane. The Company's contributions, and the administration of the fixed retirement payments, are determined by the terms of the related collective-bargaining agreements. These multiemployer plans pose different risks to the Company than single-employer plans, including:
As of December 31, 2018, the Company does not participate in any plans that are individually significant, nor is the Company an individually significant participant to any of these plans. Total contributions to multiemployer plans for the years ended December 31 were as follows:
Contributions to these plans may increase in the event that any of these plans are underfunded. Postretirement Benefits Other Than Pensions The Company sponsors several postretirement plans that provide for healthcare benefits, and in some instances, life insurance benefits that cover certain eligible employees. These plans are unfunded and have no plan assets, but are instead funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. Generally, postretirement health benefits are contributory with contributions adjusted annually. Life insurance plans for retirees are primarily noncontributory. The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31:
(1) Amounts are net of Medicare Part D subsidy of $0.9 million and $1.1 million in 2018 and 2017, respectively The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows:
The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows:
The components of net periodic postretirement benefit (income) cost for the years ended December 31 were as follows:
Postretirement cost for 2019 is projected to be approximately $11 million. The amount expected to be recognized in net periodic postretirement benefits cost in 2019 for prior service gains and net actuarial gains are approximately $1 million and $7 million, respectively. Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31 are as follows:
A 1% change in the assumed medical trend rate would have the following effects as of and for the year ended December 31, 2018:
Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shareholders' Equity | EQUITY The authorized share capital of Ingersoll Rand plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no preference shares or Euro-denominated ordinary shares outstanding at December 31, 2018 or 2017. The changes in ordinary shares and treasury shares for the year ended December 31, 2018 are as follows:
Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Shares acquired and canceled upon repurchase are accounted for as a reduction of Ordinary Shares and Capital in excess of par value, or Retained earnings to the extent Capital in excess of par value is exhausted. Shares acquired and held in treasury are presented separately on the balance sheet as a reduction to Equity and recognized at cost. In February 2017, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares under a share repurchase program (2017 Authorization) upon completion of the prior authorized share repurchase program. Repurchases under the 2017 Authorization, which began in May 2017, totaled approximately $600 million at December 31, 2017 and were held in Treasury. The remaining $900 million of ordinary shares were repurchased and canceled during 2018. In October 2018, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares upon completion of the 2017 Authorization. However, no material amounts were repurchased under this program during 2018. Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) are as follows:
The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2018, 2017 and 2016 were $(3.0) million, $0.5 million and $9.6 million, respectively, related to currency translation. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-Based Compensation |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Arrangements with Employees and Nonemployees [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Compensation | SHARE-BASED COMPENSATION The Company accounts for stock-based compensation plans in accordance with ASC 718, "Compensation - Stock Compensation" (ASC 718), which requires a fair-value based method for measuring the value of stock-based compensation. Fair value is measured once at the date of grant and is not adjusted for subsequent changes. The Company’s share-based compensation plans include programs for stock options, restricted stock units (RSUs), performance share units (PSUs), and deferred compensation. Under the Company's incentive stock plan, the total number of ordinary shares authorized by the shareholders is 23.0 million, of which 22.9 million remains available as of December 31, 2018 for future incentive awards. Compensation Expense Share-based compensation expense related to continuing operations is included in Selling and administrative expenses. The following table summarizes the expenses recognized:
Grants issued during the year ended December 31 were as follows:
(1) The number of performance shares represents the maximum award level. Stock Options / RSUs Eligible participants may receive (i) stock options, (ii) RSUs or (iii) a combination of both stock options and RSUs. The fair value of each of the Company’s stock option and RSU awards is expensed on a straight-line basis over the required service period, which is generally the 3-year vesting period. However, for stock options and RSUs granted to retirement eligible employees, the Company recognizes expense for the fair value at the grant date. The average fair value of the stock options granted is determined using the Black Scholes option pricing model. The following assumptions were used during the year ended December 31:
A description of the significant assumptions used to estimate the fair value of the stock option awards is as follows:
Changes in options outstanding under the plans for the years 2018, 2017 and 2016 are as follows:
The following table summarizes information concerning currently outstanding and exercisable options:
At December 31, 2018, there was $11.5 million of total unrecognized compensation cost from stock option arrangements granted under the plan, which is primarily related to unvested shares of non-retirement eligible employees. The aggregate intrinsic value of options exercised during the year ended December 31, 2018 and 2017 was $74.1 million and $72.7 million, respectively. Generally, stock options expire ten years from their date of grant. The following table summarizes RSU activity for the years 2018, 2017 and 2016:
At December 31, 2018, there was $16.8 million of total unrecognized compensation cost from RSU arrangements granted under the plan, which is related to unvested shares of non-retirement eligible employees. Performance Shares The Company has a Performance Share Program (PSP) for key employees. The program provides awards in the form of PSUs based on performance against pre-established objectives. The annual target award level is expressed as a number of the Company's ordinary shares based on the fair market value of the Company's stock on the date of grant. All PSUs are settled in the form of ordinary shares. Beginning with the 2018 grant year, PSU awards are earned based 50% upon a performance condition, measured by relative Cash Flow Return on Invested Capital (CROIC) growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative total shareholder return (TSR) as compared to the TSR of the industrial group of companies in the S&P 500 Index over a 3-year performance period. The fair value of the market condition is estimated using a Monte Carlo Simulation approach in a risk-neutral framework based upon historical volatility, risk-free rates and correlation matrix. Awards granted prior to 2018 were earned based 50% upon a performance condition, measured by relative earnings-per-share (EPS) growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition measured by the Company's relative TSR as compared to the TSR of the industrial group of companies in the S&P Index over a 3-year performance period. The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2018, 2017 and 2016:
At December 31, 2018, there was $18.6 million of total unrecognized compensation cost from PSU arrangements based on current performance, which is related to unvested shares. This compensation will be recognized over the required service period, which is generally the three-year vesting period. Deferred Compensation The Company allows key employees to defer a portion of their eligible compensation into a number of investment choices, including its ordinary share equivalents. Any amounts invested in ordinary share equivalents will be settled in ordinary shares of the Company at the time of distribution. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Activities |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Charges [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Activities | RESTRUCTURING ACTIVITIES The Company incurs costs associated with restructuring initiatives intended to result in improved operating performance, profitability and working capital levels. Actions associated with these initiatives include workforce reduction, improving manufacturing productivity, realignment of management structures and rationalizing certain assets. Restructuring charges recorded during the years ended December 31 were as follows:
The changes in the restructuring reserve were as follows:
(1) Excludes the non-cash costs of asset rationalizations ($8.4 million) and pension-related impacts ($8.3 million). (2) Excludes the non-cash costs of asset rationalizations ($12.3 million) and pension-related impacts ($5.5 million). Current restructuring actions include general workforce reductions as well as the closure and consolidation of certain manufacturing facilities in an effort to improve the Company's cost structure. Amounts recognized primarily relate to severance and exit costs. However, the Company does include costs that are directly attributable to the restructuring activity but do not fall into the severance, exit or disposal categories. During the year ended December 31, 2018, costs associated with announced restructuring actions primarily included the following:
As of December 31, 2018, the Company had $51.4 million accrued for costs associated with its ongoing restructuring actions, of which a majority is expected to be paid within one year. These actions primarily relate to workforce reduction benefits. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other, Net |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other, Net | The components of Other income/(expense), net for the years ended December 31, 2018, 2017 and 2016 are as follows:
Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net include costs associated with Trane U.S. Inc. (Trane) for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims. Refer to Note 20, "Commitments and Contingencies," for more information regarding asbestos-related matters. In addition, other activity, net for the year ended December 31, 2016 includes $16.4 million for the settlement of a lawsuit originally filed by a customer in 2012. The lawsuit related to a commercial HVAC contract entered into in 2001, prior to our acquisition of Trane. The charge represents the settlement and related legal costs recognized during 2016. Sale of Hussmann Equity Investment During 2011, the Company completed the sale of a controlling interest of its Hussmann refrigerated display case business (Hussmann) to a newly-formed affiliate of private equity firm Clayton Dubilier & Rice, LLC (CD&R). Per the terms of the agreement, CD&R’s ownership interest in Hussmann at the acquisition date was 60% with the remaining 40% being retained by the Company. As a result, the Company accounted for its interest in Hussmann using the equity method of accounting. On December 21, 2015, the Company announced it would sell its remaining equity interest in Hussmann as part of a transaction in which Panasonic Corporation would acquire 100 percent of Hussmann's outstanding shares. The transaction was completed on April 1, 2016. The Company received net proceeds of $422.5 million, for its interest and recognized a gain of $397.8 million on the sale. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | issued Staff Accounting Bulletin No. 118 (SAB 118) which provides guidance on accounting for the tax effects of the Act and allows for adjustments to provisional amounts during a measurement period of up to one year. In accordance with SAB 118, the Company has made reasonable estimates related to (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate (2) the liability for the transition tax and (3) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. As a result, the Company recognized a net provisional income tax benefit of $21.0 million associated with these items in 2017. During 2018, the Company recognized measurement period adjustments for (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate, (2) the liability for the transition tax and (3) the taxes accrued relating to the change in permanent reinvestment assertion for unremitted earnings of certain foreign subsidiaries. In determining the measurement period adjustments, the Company assessed regulatory guidance that was issued to determine the impact on the provisional estimates recognized in 2017. In addition, the Company gathered information and performed additional analysis on these estimates, including, but not limited to, the amount of earnings and profits subject to the transition tax, the calculation of foreign tax credits, the local tax treatment of future distributions of unremitted earnings and in regard to the remeasurement of U.S. deferred taxes, the filing of its 2017 federal and state income tax returns. Measurement period adjustments were reported as a component of Provision for income taxes in the reporting period the amounts were determined. As of December 31, 2018, the Company finalized its provisional accounting under SAB 118. A reconciliation of the provisional amounts reported to the final tax effect of the Act is as follows:
Current and deferred provision for income taxes Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions:
(1) Amount reported in 2017 includes the impact of a premium paid of approximately $520 million related to the early retirement of certain intercompany debt obligations The components of the Provision for income taxes for the years ended December 31 were as follows:
The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences:
Tax incentives, in the form of tax holidays, have been granted to the Company in certain jurisdictions to encourage industrial development. The expiration of these tax holidays varies by country. The tax holidays are conditional on the Company meeting certain employment and investment thresholds. The most significant tax holidays relate to the Company’s qualifying locations in China, Puerto Rico, Panama and Singapore. The benefit for the tax holidays for the years ended December 31, 2018, 2017 and 2016 was $25.4 million, $19.7 million and $23.3 million, respectively. Deferred tax assets and liabilities A summary of the deferred tax accounts at December 31 are as follows:
At December 31, 2018, no deferred taxes have been provided for earnings of certain of the Company’s subsidiaries, since these earnings have been, and under current plans will continue to be permanently reinvested in these subsidiaries. These earnings amount to approximately $3.2 billion which if distributed would result in additional taxes, which may be payable upon distribution, of approximately $400.0 million. At December 31, 2018, the Company had the following operating loss and tax credit carryforwards available to offset taxable income in prior and future years:
The U.S. state net operating loss carryforwards were incurred in various jurisdictions. The non-U.S. net operating loss carryforwards were incurred in various jurisdictions, predominantly in Belgium, Brazil, China, India, Luxembourg, Spain, and the United Kingdom. Activity associated with the Company’s valuation allowance is as follows:
During 2018, the Company recorded a net addition to the valuation allowance related to excess foreign tax credits in the amount of $17.3 million. In addition, the Company recorded a $35 million reduction in a valuation allowance for certain state net deferred tax assets. The reduction in certain state net deferred tax assets is primarily the result of revised projections of future state taxable income during the carryforward period. During 2017, the Company recorded a valuation allowance of approximately $30 million on certain net deferred tax assets in Brazil that were no longer expected to be realized. In addition, the Company recorded a valuation allowance of approximately $100 million related to excess foreign tax credits generated as a result of the Act. Unrecognized tax benefits The Company has total unrecognized tax benefits of $83.0 million and $120.5 million as of December 31, 2018, and December 31, 2017, respectively. The amount of unrecognized tax benefits that, if recognized, would affect the continuing operations effective tax rate are $60.8 million as of December 31, 2018. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
The Company records interest and penalties associated with the uncertain tax positions within its Provision for income taxes. The Company had reserves associated with interest and penalties, net of tax, of $20.7 million and $35.0 million at December 31, 2018 and December 31, 2017, respectively. For the year ended December 31, 2018 and December 31, 2017, the Company recognized a $13.4 million tax benefit and a $1.9 million tax expense, respectively, in interest and penalties, net of tax in continuing operations related to these uncertain tax positions. The total amount of unrecognized tax benefits relating to the Company's tax positions is subject to change based on future events including, but not limited to, the settlements of ongoing audits and/or the expiration of applicable statutes of limitations. Although the outcomes and timing of such events are highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits, excluding interest and penalties, could potentially be reduced by up to approximately $4 million during the next 12 months. The provision for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. A significant period of time may elapse between the filing of an income tax return and the ultimate resolution of an issue raised by a revenue authority with respect to that return. In the normal course of business the Company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Brazil, Canada, China, France, Germany, Ireland, Italy, Mexico, Spain, the Netherlands, the United Kingdom and the United States. These examinations on their own, or any subsequent litigation related to the examinations, may result in additional taxes or penalties against the Company. If the ultimate result of these audits differ from original or adjusted estimates, they could have a material impact on the Company’s tax provision. In general, the examination of the Company’s material tax returns are complete or effectively settled for the years prior to 2008, with certain matters prior to 2008 being resolved through appeals and litigation and also unilateral procedures as provided for under double tax treaties. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions and Divestitures |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions and Divestitures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions and Discontinued Operations | ACQUISITIONS AND DIVESTITURES Acquisitions and Equity Method Investments During 2018, the Company acquired several businesses and entered into a joint venture. The aggregate cash paid, net of cash acquired, totaled $285.2 million and was funded through cash on hand. Acquisitions are recorded using the acquisition method of accounting in accordance with ASC 805 "Business Combinations." As a result, the aggregate price has been allocated to assets acquired and liabilities assumed based on the estimate of fair market value of such assets and liabilities at the date of acquisition. Ownership interests in a joint venture are accounted for under the equity method when the Company does not have a controlling financial interest and reported within Other noncurrent assets on the Balance Sheet. Primary activity during 2018 relates to the acquisition of ICS Group Holdings Limited in January 2018. The business, reported within the Climate segment, specializes in the temporary rental of energy efficient chillers for commercial and industrial buildings across Europe. In addition, the Company continues to acquire independent dealers to expand its distribution network. Intangible assets associated with these acquisitions totaled $45.2 million and primarily relate to trademarks and customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $119.9 million. In addition, the Company completed its investment of a 50% ownership interest in a joint venture with Mitsubishi Electric Corporation (Mitsubishi) in May 2018. The joint venture, reported within the Climate segment, will focus on marketing, selling and supporting variable refrigerant flow (VRF) and ductless heating and air conditioning systems through Trane, American Standard and Mitsubishi channels in the U.S. and select Latin American countries. Ongoing results since the date of investment are accounted for under the equity method and are not considered material to the Company’s results of operations. During 2017, the Company acquired several businesses, including channel acquisitions, that complement existing products and services. The aggregate cash paid, net of cash acquired, totaled $157.6 million and was funded through cash on hand. These acquisitions were recorded using the acquisition method of accounting in accordance with the accounting guidance for business acquisitions. As a result, the aggregate price has been allocated to assets acquired and liabilities assumed based on the estimate of fair market value of such assets and liabilities at the date of acquisition. Divestitures The Company has retained costs from previously sold businesses that primarily include expenses related to postretirement benefits, product liability and legal costs. In addition, the Company includes amounts related to the 2013 spin-off of our commercial and residential security business, now an independent public company operating under the name of Allegion plc (Allegion). The components of Discontinued operations, net of tax for the years ended December 31 are as follows:
Pre-tax earnings (loss) from discontinued operations includes costs associated with Ingersoll Rand Company for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims. Refer to Note 20, "Commitments and Contingencies," for more information related to asbestos. A portion of the tax benefit (expense) in each period represent adjustments for certain tax matters associated with Allegion. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share (EPS) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share (EPS) | EARNINGS PER SHARE (EPS) Basic EPS is calculated by dividing Net earnings attributable to Ingersoll-Rand plc by the weighted-average number of ordinary shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments And Contingencies Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES The Company is involved in various litigations, claims and administrative proceedings, including those related to environmental, asbestos, and product liability matters. In accordance with ASC 450, "Contingencies" (ASC 450), the Company records accruals for loss contingencies when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, except as expressly set forth in this note, management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company. Environmental Matters The Company continues to be dedicated to environmental and sustainability programs to minimize the use of natural resources, and reduce the utilization and generation of hazardous materials from our manufacturing processes and to remediate identified environmental concerns. As to the latter, the Company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former manufacturing facilities. The Company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state authorities. It has also been identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites. For all such sites, there are other PRPs and, in most instances, the Company’s involvement is minimal. In estimating its liability, the Company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable. The ability of other PRPs to participate has been taken into account, based on the Company's understanding of the parties’ financial condition and probable contributions on a per site basis. Additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future. As of December 31, 2018 and 2017, the Company has recorded reserves for environmental matters of $41.2 million and $41.9 million, respectively. Of these amounts $36.1 million and $36.8 million, respectively, relate to remediation of sites previously disposed by the Company. Asbestos-Related Matters Certain wholly-owned subsidiaries and former companies of ours are named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims have been filed against either Ingersoll-Rand Company or Trane U.S. Inc. (Trane) and generally allege injury caused by exposure to asbestos contained in certain historical products sold by Ingersoll-Rand Company or Trane, primarily pumps, boilers and railroad brake shoes. None of our existing or previously-owned businesses were a producer or manufacturer of asbestos. The Company engages an outside expert to perform a detailed analysis and project an estimated range of the Company’s total liability for pending and unasserted future asbestos-related claims. In accordance with ASC 450, the Company records the liability at the low end of the range as it believes that no amount within the range is a better estimate than any other amount. Asbestos-related defense costs are excluded from the liability and are recorded separately as services are incurred. The methodology used to prepare estimates relies upon and includes the following factors, among others:
At December 31, 2018, over 75 percent of the open and active claims against the Company are non-malignant or unspecified disease claims. In addition, the Company has a number of claims which have been placed on inactive or deferred dockets and expected to have little or no settlement value against the Company. The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries are included in the following balance sheet accounts:
The Company's asbestos insurance receivable related to Ingersoll-Rand Company and Trane was $141.7 million and $126.5 million at December 31, 2018, and $138.5 million and $127.9 million at December 31, 2017, respectively. The receivable attributable to Trane for probable insurance recoveries as of December 31, 2018 is entirely supported by settlement agreements between Trane and the respective insurance carriers. Most of these settlement agreements constitute “coverage-in-place” arrangements, in which the insurer signatories agree to reimburse Trane for specified portions of its costs for asbestos bodily injury claims and Trane agrees to certain claims-handling protocols and grants to the insurer signatories certain releases and indemnifications. The costs associated with the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of the Company's liability for potential future claims are included in the income statement within continuing operations or discontinued operations depending on the business to which they relate. Income and expenses associated with Ingersoll-Rand Company's asbestos-related matters are recorded within discontinued operations as they relate to previously divested businesses, primarily Ingersoll-Dresser Pump, which was sold by the Company in 2000. Income and expenses associated with Trane’s asbestos-related matters are recorded within Other income/(expense), net as part of continuing operations. The income (expense) associated with these transactions for the years ended December 31, were as follows:
During the year ended December 31, 2018, the Company's valuation model was updated to address a change in potential future claims. The adjustment, which increased the asbestos-related liability for both Ingersoll-Rand Company and Trane, was partially offset by asbestos-related receivables from insurance carriers. During the year ended December 31, 2017, the Company recorded an adjustment to update its liability for potential future claims. This amount was partially offset by asbestos-related settlements reached with various insurance carriers. Amounts recorded during the year ended December 31, 2016 included asbestos-related settlements with various insurance carriers. In 2012 and 2013, Ingersoll-Rand Company filed actions in the Superior Court of New Jersey, Middlesex County, seeking a declaratory judgment and other relief regarding the Company's rights to defense and indemnity for asbestos claims. The defendants were several dozen solvent insurance companies, including companies that had been paying a portion of Ingersoll-Rand Company's asbestos claim defense and indemnity costs. The responding defendants generally challenged the Company's right to recovery, and raised various coverage defenses. Since filing the actions, Ingersoll Rand Company has settled with approximately two-thirds of the insurer defendants, and has dismissed one of the actions in its entirety. The Company continually monitors the status of pending litigation that could impact the allocation of asbestos claims against the Company's various insurance policies. The Company has concluded that its Ingersoll-Rand Company insurance receivable is probable of recovery because of the following factors:
The amounts recorded by the Company for asbestos-related liabilities and insurance-related assets are based on currently available information. The Company’s actual liabilities or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the calculations vary significantly from actual results. Key variables in these assumptions include the number and type of new claims to be filed each year, the average cost of resolution of each such new claim, the resolution of coverage issues with insurance carriers, and the solvency risk with respect to the Company’s insurance carriers. Furthermore, predictions with respect to these variables are subject to greater uncertainty as the projection period lengthens. Other factors that may affect the Company’s liability include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation. The aggregate amount of the stated limits in insurance policies available to the Company for asbestos-related claims acquired, over many years and from many different carriers, is substantial. However, limitations in that coverage, primarily due to the considerations described above, are expected to result in the projected total liability to claimants substantially exceeding the probable insurance recovery. Warranty Liability Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The changes in the standard product warranty liability for the year ended December 31, were as follows:
Standard product warranty liabilities are classified as Accrued expenses and other current liabilities, or Other noncurrent liabilities based on their expected term. The Company's total current standard product warranty reserve at December 31, 2018 and December 31, 2017 was $149.5 million and $144.5 million, respectively. The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Net revenues on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. The changes in the extended warranty liability for the year ended December 31, were as follows:
The extended warranty liability is classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on the timing of when the deferred revenue is expected to be amortized into Net revenues. The Company's total current extended warranty liability at December 31, 2018 and December 31, 2017 was $103.1 million and $100.0 million, respectively. For the years ended December 31, 2018 and 2017, the Company incurred costs of $63.2 million and $60.7 million, respectively, related to extended warranties. Other Commitments and Contingencies Certain office and warehouse facilities, transportation vehicles and data processing equipment are leased by the Company. Total rental expense was $261.3 million in 2018, $241.8 million in 2017 and $230.4 million in 2016. Minimum lease payments required under non-cancelable operating leases with terms in excess of one year for the next five years amounts to approximately: $197 million in 2019, $152 million in 2020, $107 million in 2021, $68 million in 2022, and $42 million in 2023. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segment Information |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Segment Information | BUSINESS SEGMENT INFORMATION The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies except that the operating segments’ results are prepared on a management basis that is consistent with the manner in which the Company prepares financial information for internal review and decision making. The Company largely evaluates performance based on Segment operating income and Segment operating margins. Intercompany sales between segments are considered immaterial. The Company's Climate segment delivers energy-efficient products and innovative energy services. It includes Trane® and American Standard® Heating & Air Conditioning which provide heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King® transport temperature control solutions. The Company's Industrial segment delivers products and services that enhance energy efficiency, productivity and operations. It includes compressed air and gas systems and services, power tools, material handling systems, ARO® fluid management equipment, as well as Club Car ® golf, utility and rough terrain vehicles. Segment operating income is the measure of profit and loss that the Company's chief operating decision maker uses to evaluate the financial performance of the business and as the basis for performance reviews, compensation and resource allocation. For these reasons, the Company believes that Segment operating income represents the most relevant measure of segment profit and loss. A summary of operations by reportable segments for the years ended December 31 were as follows:
At December 31, summary of long-lived assets by geographic area were as follows:
(1) In the Company's Annual Report on Form 10-K for the year ended December 31, 2017, the amounts disclosed for long-lived assets by geographic area at December 31, 2017 were inadvertently misstated. Management determined the disclosure error was not material to the 2017 financial statements. The revised amounts have been included in table above. BUSINESS SEGMENT INFORMATION The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies except that the operating segments’ results are prepared on a management basis that is consistent with the manner in which the Company prepares financial information for internal review and decision making. The Company largely evaluates performance based on Segment operating income and Segment operating margins. Intercompany sales between segments are considered immaterial. The Company's Climate segment delivers energy-efficient products and innovative energy services. It includes Trane® and American Standard® Heating & Air Conditioning which provide heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King® transport temperature control solutions. The Company's Industrial segment delivers products and services that enhance energy efficiency, productivity and operations. It includes compressed air and gas systems and services, power tools, material handling systems, ARO® fluid management equipment, as well as Club Car ® golf, utility and rough terrain vehicles. Segment operating income is the measure of profit and loss that the Company's chief operating decision maker uses to evaluate the financial performance of the business and as the basis for performance reviews, compensation and resource allocation. For these reasons, the Company believes that Segment operating income represents the most relevant measure of segment profit and loss. A summary of operations by reportable segments for the years ended December 31 were as follows:
At December 31, summary of long-lived assets by geographic area were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Financial Information |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Guarantor Financial Information Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Information of Parent Company Only Disclosure [Text Block] | GUARANTOR FINANCIAL INFORMATION Ingersoll-Rand plc (Plc or Parent Company) and certain of its 100% directly or indirectly owned subsidiaries provide guarantees of public debt issued by other 100% directly or indirectly owned subsidiaries. The following condensed consolidating financial information is provided so that separate financial statements of these subsidiary issuer and guarantors are not required to be filed with the U.S. Securities and Exchange Commission. The following table shows the Company’s guarantor relationships as of December 31, 2018:
(1) All subsidiary issuers and guarantors provide irrevocable guarantees of borrowings, if any, made under revolving credit facilities Each subsidiary debt issuer and guarantor is owned 100% directly or indirectly by the Parent Company. Each guarantee is full and unconditional, and provided on a joint and several basis. There are no significant restrictions of the Parent Company, or any guarantor, to obtain funds from its subsidiaries, such as provisions in debt agreements that prohibit dividend payments, loans or advances to the parent by a subsidiary. Basis of presentation The following Condensed Consolidating Financial Statements present the financial position, results of operations and cash flows of each issuer or guarantor on a legal entity basis. The financial information for all periods has been presented based on the Company’s legal entity ownerships and guarantees outstanding at December 31, 2018. Assets and liabilities are attributed to each issuer and guarantor generally based on legal entity ownership. Investments in subsidiaries of the Parent Company, subsidiary guarantors and issuers represent the proportionate share of their subsidiaries’ net assets. Certain adjustments are needed to consolidate the Parent Company and its subsidiaries, including the elimination of investments in subsidiaries and related activity that occurs between entities in different columns. These adjustments are presented in the Consolidating Adjustments column. This basis of presentation is intended to comply with the specific reporting requirements for subsidiary issuers and guarantors, and is not intended to present the Company’s financial position or results of operations or cash flows for any other purpose. Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2018
Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2017
Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2016
Condensed Consolidating Balance Sheet December 31, 2018
Condensed Consolidating Balance Sheet December 31, 2017
Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2018
Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2017
Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2016
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Valuation and Qualifying Accounts [Schedule] Valuation and Qualifying Accounts (Notes) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Valuation and Qualifying Accounts Disclosure | INGERSOLL-RAND PLC VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED December 31, 2018, 2017 AND 2016 (Amounts in millions)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Significant Accounting Policies (Policy) |
12 Months Ended | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||
| Accounting Policies [Abstract] | ||||||||||||||||||||||||||
| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Basis of Presentation: The accompanying Consolidated Financial Statements reflect the consolidated operations of the Company and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (ASC). Intercompany accounts and transactions have been eliminated. The assets, liabilities, results of operations and cash flows of all discontinued operations have been separately reported as discontinued operations for all periods presented. Certain reclassifications of amounts reported in prior periods have been made to conform with the current period presentation. The Company has revised its supplemental cash flow information in prior years to properly reflect cash paid during the year for interest. The Consolidated Financial Statements include all majority-owned subsidiaries of the Company. A noncontrolling interest in a subsidiary is considered an ownership interest in a majority-owned subsidiary that is not attributable to the parent. The Company includes Noncontrolling interest as a component of Total equity in the Consolidated Balance Sheet and the Net earnings attributable to noncontrolling interests are presented as an adjustment from Net earnings used to arrive at Net earnings attributable to Ingersoll-Rand plc in the Consolidated Statement of Comprehensive Income. Partially-owned equity affiliates represent 20-50% ownership interests in investments where the Company demonstrates significant influence, but does not have a controlling financial interest. Partially-owned equity affiliates are accounted for under the equity method. |
|||||||||||||||||||||||||
| Use of Estimates, Policy | Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic conditions and trends, and the assessment of the probable future outcome. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the statement of operations in the period that they are determined. |
|||||||||||||||||||||||||
| Currency Translation | Currency Translation: Assets and liabilities of non-U.S. subsidiaries, where the functional currency is not the U.S. dollar, have been translated at year-end exchange rates, and income and expense accounts have been translated using average exchange rates throughout the year. Adjustments resulting from the process of translating an entity’s financial statements into the U.S. dollar have been recorded in the equity section of the Consolidated Balance Sheet within Accumulated other comprehensive income (loss). Transactions that are denominated in a currency other than an entity’s functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within Net earnings. |
|||||||||||||||||||||||||
| Cash and Cash Equivalents | Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, demand deposits and all highly liquid investments with original maturities at the time of purchase of three months or less. |
|||||||||||||||||||||||||
| Inventories | Inventories: Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. At December 31, 2018 and 2017, approximately 56% and 51%, respectively, of all inventory utilized the LIFO method. |
|||||||||||||||||||||||||
| Allowance for Doubtful Accounts | . |
|||||||||||||||||||||||||
| Property, Plant and Equipment | Property, Plant and Equipment: Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows:
Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. Per ASC 360, "Property, Plant, and Equipment," (ASC 360) the Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. |
|||||||||||||||||||||||||
| Goodwill and Intangible Assets | Goodwill and Intangible Assets: The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. In accordance with ASC 350, "Intangibles-Goodwill and Other," (ASC 350) goodwill and other indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset is more likely than not less than the carrying amount of the asset. Impairment of goodwill is assessed at the reporting unit level and begins with an optional qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the goodwill impairment test under ASC 350. For those reporting units that bypass or fail the qualitative assessment, the test compares the carrying amount of the reporting unit to its estimated fair value. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. To the extent that the carrying value of the reporting unit exceeds its estimated fair value, an impairment loss will be recognized for the amount by which the reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in that reporting unit. Intangible assets such as patents, customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives. The weighted-average useful lives approximate the following:
|
|||||||||||||||||||||||||
| Income Taxes | . |
|||||||||||||||||||||||||
| Standard Product Warranty, Policy | ||||||||||||||||||||||||||
| Extended Product Warranty, Policy | ||||||||||||||||||||||||||
| Treasury Stock | ||||||||||||||||||||||||||
| Revenue Recognition | ||||||||||||||||||||||||||
| Regulatory Environmental Costs, Policy | Environmental Costs: The Company is subject to laws and regulations relating to protecting the environment. Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and can be reasonably estimated, generally no later than the completion of feasibility studies or the Company’s commitment to a plan of action. The assessment of this liability, which is calculated based on existing technology, does not reflect any offset for possible recoveries from insurance companies, and is not discounted |
|||||||||||||||||||||||||
| Asbestos Matters | Asbestos Matters: |
|||||||||||||||||||||||||
| Research and Development Expense, Policy | . |
|||||||||||||||||||||||||
| Internal Use Software, Policy | . |
|||||||||||||||||||||||||
| Compensation Related Costs, Policy | . |
|||||||||||||||||||||||||
| Loss Contingencies | . |
|||||||||||||||||||||||||
| Derivative Instruments | . |
|||||||||||||||||||||||||
| Recent adopted accounting pronouncements | Recently Adopted Accounting Pronouncements In August 2017, the FASB issued ASU 2017-12, "Derivatives and hedging (Topic 815): Targeted improvements to accounting for hedging activities" (ASU 2017-12). This standard more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This standard also addresses specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company adopted this standard on October 1, 2018 with no material impact to the financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” (ASU 2016-16) which removed the prohibition in Topic 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. As a result, the income tax consequences of an intra-entity transfer of assets other than inventory will be recognized in the current period income statement rather than being deferred until the assets leave the consolidated group. The Company applied ASU 2016-16 on a modified retrospective basis through a cumulative-effect adjustment which reduced Retained earnings by $9.1 million as of January 1, 2018. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under ASC 606, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. The Company adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million with related amounts not materially impacting the Balance Sheet. Refer to Note 11, “Revenue,” for a further discussion on the adoption of ASC 606. In March 2017, the FASB issued ASU 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" (ASU 2017-07) which changes the way employers that sponsor defined benefit pension and/or postretirement benefit plans reflect net periodic benefit costs in the income statement. Under the previous standard, the multiple components of net periodic benefit costs are aggregated and reported within the operating section of the income statement or capitalized into assets when appropriate. The new standard requires a company to present the service cost component of net periodic benefit cost in the same income statement line as other employee compensation costs with the remaining components of net periodic benefit cost presented separately from the service cost component and outside of any subtotal of operating income, if one is presented. In addition, only the service cost component will be eligible for capitalization in assets. The Company adopted this standard on January 1, 2017 applying the presentation requirements retrospectively. In March 2016, the FASB issued ASU No. 2016-09, "Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" (ASU 2016-09) which simplifies several aspects of the accounting for employee share-based payment transactions. The standard makes several modifications to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. In addition, ASU 2016-09 clarifies the statement of cash flows presentation for certain components of share-based awards. The Company adopted this standard on January 1, 2017 and prospectively presented any excess tax benefits or deficiencies in the income statement as a component of Provision for income taxes rather than in the Equity section of the Balance Sheet. As part of the adoption, the Company reclassified $15.1 million of excess tax benefits previously unrecognized on a modified retrospective basis through a cumulative-effect adjustment to increase Retained earnings as of January 1, 2017. In addition, the statement of cash flows for the twelve months ended December 31, 2016 was retrospectively adjusted to present $21.7 million of excess tax benefits as an operating activity rather than a financing activity. Recently Issued Accounting Pronouncements |
|||||||||||||||||||||||||
Summary of Significant Accounting Policies (Tables) |
12 Months Ended | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||
| Schedule of Depreciation Range of Useful Lives | Property, Plant and Equipment: Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows:
Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. Per ASC 360, "Property, Plant, and Equipment," (ASC 360) the Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. |
|||||||||||||||||||||||||
| Schedule of Intangible Assets Weighted Average Useful Lives | The weighted-average useful lives approximate the following:
|
|||||||||||||||||||||||||
Inventories (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MajorClassesOfInventory [Table Text Block] | At December 31, the major classes of inventory were as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Major Classes of Property, Plant and Equipment | At December 31, the major classes of property, plant and equipment were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in Goodwill Carrying Amounts | The changes in the carrying amount of Goodwill are as follows:
(1) Refer to Note 17, "Acquisitions and Divestitures" for more information regarding acquisitions. The net goodwill balances at December 31, 2018, 2017 and 2016 include $2,496.0 million |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Intangible Asset Excluding Goodwill | The following table sets forth the gross amount and related accumulated amortization of the Company’s intangible assets at December 31:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt and Credit Facilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-Term Borrowings and Current Maturities of Long-Term Debt | At December 31, Short-term borrowings and current maturities of long-term debt consisted of the following:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt Excluding Current Maturities | At December 31, long-term debt excluding current maturities consisted of:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Long-Term Debt Maturities and Repayments of Principle | December 31, 2018 are as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Instruments Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of the Fair Values of Derivative Instruments | The fair values of derivative instruments included within the Consolidated Balance Sheet as of December 31 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | years ended December 31:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivatives Not Designated as Hedging Instruments [Table Text Block] | the years ended December 31:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2018:
|
The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pensions and Postretirement Benefits Other than Pensions (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Multiemployer Plans Disclosure | Total contributions to multiemployer plans for the years ended December 31 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Plans [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Changes in Projected Benefit Obligations [Table Text Block] | The following table details information regarding the Company’s pension plans at December 31:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Comprehensive Income (Loss) [Table Text Block] | The pretax amounts recognized in Accumulated other comprehensive income (loss) are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Assumptions Used [Table Text Block] | Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 are as follows:
Weighted-average assumptions used to determine the benefit obligation at December 31 are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Expected Benefit Payments [Table Text Block] | Pension benefit payments are expected to be paid as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Net Benefit Costs [Table Text Block] | The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Defined Benefit Plans Disclosures [Table Text Block] | The fair values of the Company’s pension plan assets at December 31, 2018 by asset category are as follows:
|
The fair values of the Company’s pension plan assets at December 31, 2017 by asset category are as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Postretirement [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Changes in Projected Benefit Obligations [Table Text Block] | The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31:
(1) Amounts are net of Medicare Part D subsidy of $0.9 million and $1.1 million in 2018 and 2017, respectively |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Comprehensive Income (Loss) [Table Text Block] | The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Assumptions Used [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Expected Benefit Payments [Table Text Block] | Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Net Funded Status [Table Text Block] | The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Costs of Retirement Plans [Table Text Block] | The components of net periodic postretirement benefit (income) cost for the years ended December 31 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] | A 1% change in the assumed medical trend rate would have the following effects as of and for the year ended December 31, 2018:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of Ordinary Shares | The changes in ordinary shares and treasury shares for the year ended December 31, 2018 are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of Accumulated Other Comprehensive Income (Loss) | The changes in Accumulated other comprehensive income (loss) are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Comprehensive Income, Noncontrolling Interest [Text Block] | The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2018, 2017 and 2016 were $(3.0) million, $0.5 million and $9.6 million, respectively, related to currency translation. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-Based Compensation (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Arrangements with Employees and Nonemployees [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] | The following table summarizes the expenses recognized:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ions were used during the year ended December 31:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation, Stock Options, Activity [Table Text Block] | Changes in options outstanding under the plans for the years 2018, 2017 and 2016 are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation, Activity [Table Text Block] | The following table summarizes information concerning currently outstanding and exercisable options:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | The following table summarizes RSU activity for the years 2018, 2017 and 2016:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Compensation, Performance Shares [Table Text Block] | The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2018, 2017 and 2016:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring Activities (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Restructuring Charges Recorded | . Restructuring charges recorded during the years ended December 31 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Changes in Restructuring Reserve | The changes in the restructuring reserve were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Income and Other Expense Disclosure [Text Block] | The components of Other income/(expense), net for the years ended December 31, 2018, 2017 and 2016 are as follows:
Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net include costs associated with Trane U.S. Inc. (Trane) for the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of its liability for potential future claims. Refer to Note 20, "Commitments and Contingencies," for more information regarding asbestos-related matters. In addition, other activity, net for the year ended December 31, 2016 includes $16.4 million for the settlement of a lawsuit originally filed by a customer in 2012. The lawsuit related to a commercial HVAC contract entered into in 2001, prior to our acquisition of Trane. The charge represents the settlement and related legal costs recognized during 2016. Sale of Hussmann Equity Investment During 2011, the Company completed the sale of a controlling interest of its Hussmann refrigerated display case business (Hussmann) to a newly-formed affiliate of private equity firm Clayton Dubilier & Rice, LLC (CD&R). Per the terms of the agreement, CD&R’s ownership interest in Hussmann at the acquisition date was 60% with the remaining 40% being retained by the Company. As a result, the Company accounted for its interest in Hussmann using the equity method of accounting. On December 21, 2015, the Company announced it would sell its remaining equity interest in Hussmann as part of a transaction in which Panasonic Corporation would acquire 100 percent of Hussmann's outstanding shares. The transaction was completed on April 1, 2016. The Company received net proceeds of $422.5 million, for its interest and recognized a gain of $397.8 million on the sale. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other, Net | The components of Other income/(expense), net for the years ended December 31, 2018, 2017 and 2016 are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of the Provision for income taxes for the years ended December 31 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | A summary of the deferred tax accounts at December 31 are as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Tax Credit Carryforwards [Table Text Block] | At December 31, 2018, the Company had the following operating loss and tax credit carryforwards available to offset taxable income in prior and future years:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Valuation Allowance | Activity associated with the Company’s valuation allowance is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Divestitures (Tables) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Summarized Financial Information For Discontinued Operations Text Block [Table Text Block] | Divestitures The Company has retained costs from |
|
| Allegion [Member] | ||
| discontinued operations by business net of tax [Table Text Block] | ||
| Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | . |
|
Earnings Per Share (EPS) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Weighted-Average Number of Ordinary Shares Outstanding for Basic and Diluted Earnings Per Share Calculations | The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Asbestos Related Balances [Table Text Block] | The Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries are included in the following balance sheet accounts:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost Income Asbestos Related Claims After Recoveries [Text Block] [Table Text Block] | The income (expense) associated with these transactions for the years ended December 31, were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Product Warranty Liability [Table Text Block] | The changes in the standard product warranty liability for the year ended December 31, were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Extended Warranty [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Product Warranty Liability [Table Text Block] | The changes in the extended warranty liability for the year ended December 31, were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segment Information (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Segment Reporting Information by Segment | A summary of operations by reportable segments for the years ended December 31 were as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from External Customers by Geographic Areas [Table Text Block] |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | At December 31, summary of long-lived assets by geographic area were as follows:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from External Customers by Products and Services [Table Text Block] |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guarantor Financial Information Guarantor Financial Statements (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Guarantor Financial Information Abstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Statements | Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2018
Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2017
Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2016
Condensed Consolidating Balance Sheet December 31, 2018
Condensed Consolidating Balance Sheet December 31, 2017
Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2018
Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2017
Condensed Consolidating Statement of Cash Flows For the year ended December 31, 2016
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Percentage of LIFO inventory | 56.00% | 51.00% | |
| Allowance for doubtful accounts receivable, current | $ 32.7 | $ 26.9 | |
| Effect of Exchange Rate on Cash and Cash Equivalents | (45.6) | 118.4 | $ (57.2) |
| Net Cash Provided by (Used in) Operating Activities, Continuing Operations | $ 1,474.5 | $ 1,561.6 | $ 1,433.0 |
| Ownership Percentage Policy Minimum [Member] | |||
| Equity Method Investment, Ownership Percentage | 20.00% | ||
| Ownership Percentage Policy Maximum [Member] | |||
| Equity Method Investment, Ownership Percentage | 50.00% | ||
Summary of Significant Accounting Policies (Depreciation) (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2018 | |
| Minimum [Member] | Buildings [Member] | |
| Property, plant and equipment, useful life | 10 years |
| Minimum [Member] | Machinery and Equipment [Member] | |
| Property, plant and equipment, useful life | 2 years |
| Minimum [Member] | Software [Member] | |
| Property, plant and equipment, useful life | 2 years |
| Maximum [Member] | Buildings [Member] | |
| Property, plant and equipment, useful life | 50 years |
| Maximum [Member] | Machinery and Equipment [Member] | |
| Property, plant and equipment, useful life | 12 years |
| Maximum [Member] | Software [Member] | |
| Property, plant and equipment, useful life | 7 years |
Summary of Significant Accounting Policies (Weighted-Average) (Details) |
12 Months Ended |
|---|---|
Dec. 31, 2018 | |
| Customer Relationships [Member] | |
| Weighted-average useful life | 20 years |
| Completed Technology/Patents [Member] | |
| Weighted-average useful life | 10 years |
| Other Intangible Assets [Member] | |
| Weighted-average useful life | 20 years |
Inventories (Schedule of Major Classes of Inventory) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Raw materials | $ 550.5 | $ 502.8 |
| Work-in-process | 182.0 | 180.5 |
| Finished goods | 1,028.8 | 941.0 |
| Sub-total | 1,761.3 | 1,624.3 |
| LIFO reserve | (83.5) | (68.9) |
| Total | $ 1,677.8 | $ 1,555.4 |
Inventories Inventories (Narrative) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Inventories [Abstract] | ||
| Inventory Valuation Reserves | $ 119.9 | $ 120.3 |
Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Property, Plant and Equipment [Abstract] | |||
| Depreciation expense | $ 217.4 | $ 217.3 | $ 216.7 |
| Software amortization | $ 25.7 | $ 28.6 | $ 35.9 |
Property, Plant and Equipment (Schedule of Major Classes of Property, Plant and Equipment) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Property, Plant and Equipment [Line Items] | ||
| Property, plant and equipment, gross | $ 3,835.2 | $ 3,664.3 |
| Accumulated depreciation | (2,104.4) | (2,113.0) |
| Total | 1,730.8 | 1,551.3 |
| Land [Member] | ||
| Property, Plant and Equipment [Line Items] | ||
| Property, plant and equipment, gross | 53.2 | 52.0 |
| Buildings [Member] | ||
| Property, Plant and Equipment [Line Items] | ||
| Property, plant and equipment, gross | 870.7 | 770.1 |
| Machinery and Equipment [Member] | ||
| Property, Plant and Equipment [Line Items] | ||
| Property, plant and equipment, gross | 2,079.9 | 2,019.5 |
| Software [Member] | ||
| Property, Plant and Equipment [Line Items] | ||
| Property, plant and equipment, gross | $ 831.4 | $ 822.7 |
Goodwill (Details) - USD ($) |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2008 |
||||
| Goodwill, gross, beginning balance | $ 5,935,700,000 | $ 5,658,400,000 | ||||
| Acquisitions and adjustments | 119,900,000 | [1] | 86,800,000 | |||
| Currency translation | (96,100,000) | 190,500,000 | ||||
| Goodwill, gross, ending balance | 5,959,500,000 | 5,935,700,000 | ||||
| Goodwill | 5,959,500,000 | 5,935,700,000 | ||||
| Goodwill, Impairment Loss | 0 | 0 | $ 2,496,000,000 | |||
| Climate [Member] | ||||||
| Goodwill, gross, beginning balance | 5,065,100,000 | 4,879,100,000 | ||||
| Acquisitions and adjustments | 118,100,000 | [1] | 26,300,000 | |||
| Currency translation | (84,000,000) | 159,700,000 | ||||
| Goodwill, gross, ending balance | 5,099,200,000 | 5,065,100,000 | ||||
| Industrial [Member] | ||||||
| Goodwill, gross, beginning balance | 870,600,000 | 779,300,000 | ||||
| Acquisitions and adjustments | 1,800,000 | [1] | 60,500,000 | |||
| Currency translation | (12,100,000) | 30,800,000 | ||||
| Goodwill, gross, ending balance | $ 860,300,000 | $ 870,600,000 | ||||
| ||||||
Intangible Assets Intangible Assets Narrative (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Intangible Assets Abstract | |||
| Amortization of intangible assets | $ 139.3 | $ 132.0 | $ 132.0 |
| Future estimated amortization expense, 2015 | 139.0 | ||
| Future estimated amortization expense, 2016 | 137.0 | ||
| Future estimated amortization expense, 2017 | 137.0 | ||
| Future estimated amortization expense, 2018 | 137.0 | ||
| Future estimated amortization expense, 2019 | $ 135.0 | ||
Intangible Assets (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Finite-lived intangible assets, gross | $ 2,377.9 | $ 2,372.2 |
| Accumulated amortization | (1,412.7) | (1,286.9) |
| Total net finite-lived intangible assets | 965.2 | 1,085.3 |
| Intangible Assets, Gross (Excluding Goodwill) | 5,047.4 | 5,029.8 |
| Intangible Assets, Net (Excluding Goodwill) | 3,634.7 | 3,742.9 |
| Trademarks [Member] | ||
| Trademarks, indefinite lived | 2,669.5 | 2,657.6 |
| Completed Technology/Patents [Member] | ||
| Finite-lived intangible assets, gross | 206.6 | 209.4 |
| Accumulated amortization | (182.0) | (177.3) |
| Total net finite-lived intangible assets | 24.6 | 32.1 |
| Customer Relationships [Member] | ||
| Finite-lived intangible assets, gross | 2,086.8 | 2,068.9 |
| Accumulated amortization | (1,176.3) | (1,056.9) |
| Total net finite-lived intangible assets | 910.5 | 1,012.0 |
| Other Intangible Assets [Member] | ||
| Finite-lived intangible assets, gross | 84.5 | 93.9 |
| Accumulated amortization | (54.4) | (52.7) |
| Total net finite-lived intangible assets | $ 30.1 | $ 41.2 |
Debt and Credit Facilities (Short-Term Borrowings and Current Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Short-term Debt [Line Items] | ||
| Short-term borrowings and current maturities of long-term debt | $ 350.6 | $ 1,107.0 |
| Debentures With Put Feature [Member] | ||
| Short-term Debt [Line Items] | ||
| Short-term borrowings and current maturities of long-term debt | $ 343.0 | 343.0 |
| Six Point Zero Zero Zero Percent Senior Notes Due Two Thousand Thirteen [Member] | ||
| Short-term Debt [Line Items] | ||
| Debt instrument, interest rate | 6.00% | |
| Other Current Maturities of Long Term Debt [Member] | ||
| Short-term Debt [Line Items] | ||
| Short-term borrowings and current maturities of long-term debt | $ 7.6 | 7.7 |
| Other Short Term Borrowings [Member] | ||
| Short-term Debt [Line Items] | ||
| Short-term borrowings and current maturities of long-term debt | $ 0.0 | $ 6.7 |
Debt and Credit Facilities (Long-Term Debt Maturities and Repayment of Principle) (Details) $ in Millions |
Dec. 31, 2018
USD ($)
|
|---|---|
| 2014 | $ 350.6 |
| 2015 | 307.0 |
| 2016 | 430.7 |
| 2017 | 7.5 |
| 2018 | 704.6 |
| Thereafter | 2,290.9 |
| Total | $ 4,091.3 |
Financial Instruments (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Derivative, Notional Amount | $ 600.0 | ||
| Accumulated other comprehensive income (loss), derivatives qualifying as hedges, net of tax | (964.1) | $ (778.8) | $ (1,290.5) |
| Currency derivatives expected to be reclassified into earnings over the next twelve months | $ 0.5 | ||
| Approximate maximum term of currency derivatives, in months | 12 months | ||
| Repayments of Long-term Debt | $ 1,123.0 | 7.7 | $ 0.0 |
| Deferred losses remaining in AOCI related to the interest rate locks | 6.7 | 6.6 | |
| Amount expected to be reclassified into interest expense over the next twelve months | 0.7 | ||
| Interest rate swaps and locks [Member] | |||
| Derivative, Notional Amount | 1,300.0 | ||
| Designated as Hedging Instrument [Member] | |||
| Accumulated other comprehensive income (loss), derivatives qualifying as hedges, net of tax | $ 0.5 | $ 1.2 | |
Financial Instruments Schedule of Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Derivative instruments, gross asset | $ 2.2 | $ 7.2 |
| Derivative instruments, gross liability | 1.3 | 2.5 |
| Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | ||
| Derivatives designated as hedges, asset | 1.3 | 0.0 |
| Derivatives designated as hedges, liability | 0.7 | 1.3 |
| Cash Flow Hedging [Member] | Undesignated Hedges [Member] | ||
| Derivatives not designated as hedges, asset | 0.9 | 7.2 |
| Derivatives not designated as hedges, liability | 0.6 | 1.2 |
| Cash Flow Hedging [Member] | Fair Value, Inputs, Level 2 [Member] | ||
| Derivative instruments, gross asset | 2.2 | 7.2 |
| Derivative instruments, gross liability | $ 1.3 | $ 2.5 |
Financial Instruments Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges (Details) - Undesignated Hedges [Member] - Foreign Exchange [Member] - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Derivative instruments, gain (loss) recognized in Income, net | $ (29.6) | $ 58.0 | $ (39.2) |
| Other, net [Member] | |||
| Derivative instruments, gain (loss) recognized in Income, net | $ (29.6) | $ 58.0 | $ (39.2) |
Fair Value Measurements (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Derivative instruments | $ 2.2 | $ 7.2 |
| Derivative instruments | 1.3 | 2.5 |
| Fair Value, Inputs, Level 1 [Member] | ||
| Derivative instruments | 0.0 | 0.0 |
| Derivative instruments | 0.0 | 0.0 |
| Fair Value, Inputs, Level 3 [Member] | ||
| Derivative instruments | 0.0 | 0.0 |
| Derivative instruments | $ 0.0 | $ 0.0 |
| Debentures With Put Feature [Member] | ||
| Debt instrument, maturity date range, start | Jan. 01, 2027 | |
| Debt instrument, maturity date range, end | Dec. 31, 2028 |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Weighted Average Assumptions) (Details) - Pension Plans [Member] |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| U.S. plans [Member] | ||
| Discount rate | 4.21% | 3.54% |
| Rate of compensation increase | 4.00% | 4.00% |
| Non-U.S. plans [Member] | ||
| Discount rate | 2.47% | 2.29% |
| Rate of compensation increase | 4.00% | 4.00% |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Pension Benefit Payments) (Details) - Pension Plans [Member] $ in Millions |
Dec. 31, 2018
USD ($)
|
|---|---|
| 2015 | $ 232.2 |
| 2016 | 220.7 |
| 2017 | 219.6 |
| 2018 | 226.3 |
| 2019 | 229.1 |
| 2020-2024 | $ 1,125.4 |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Net Periodic Benefit Cost) (Details) - Pension Plan [Member] - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Service cost | $ 75.0 | $ 70.8 | $ 72.1 |
| Interest cost | 109.7 | 109.0 | 110.2 |
| Expected return on plan assets | (146.6) | (141.7) | (146.1) |
| Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 4.2 | 3.8 | 4.7 |
| Plan net actuarial losses, net amortization of | 51.3 | 56.8 | 61.6 |
| Net periodic benefit cost | 93.6 | 98.7 | 102.5 |
| Net curtailment and settlement (gains) losses | 2.3 | 5.6 | 2.1 |
| Net periodic benefit cost after net curtailment and settlement (gains) losses | 95.9 | 104.3 | 104.6 |
| Segment, Continuing Operations [Member] | |||
| Net periodic benefit cost after net curtailment and settlement (gains) losses | 72.7 | 68.2 | 69.3 |
| Segment, Discontinued Operations [Member] | |||
| Net periodic benefit cost after net curtailment and settlement (gains) losses | $ 8.6 | $ 10.7 | $ 9.8 |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Weighted Average Assumptions Net Periodic Pension Cost) (Details) - Pension Plans [Member] |
1 Months Ended | 11 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Nov. 30, 2015 |
Nov. 30, 2014 |
Nov. 30, 2013 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| U.S. plans [Member] | |||||||||
| Discount rate | 3.24% | 3.36% | 3.29% | 3.70% | 4.18% | 4.25% | |||
| Rate of compensation increase | 4.00% | 4.00% | 4.00% | ||||||
| Percentage of expected return on plan assets | 5.50% | 5.50% | 5.75% | ||||||
| Non-U.S. plans [Member] | |||||||||
| Discount rate | 2.46% | 2.50% | 3.18% | 2.52% | 2.66% | 3.05% | |||
| Rate of compensation increase | 4.00% | 4.00% | 4.00% | ||||||
| Percentage of expected return on plan assets | 3.25% | 3.25% | 3.75% | ||||||
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Postretirement Plans Benefit Obligations) (Details) - Postretirement [Member] - USD ($) $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|||
| Benefit obligation at beginning of year | $ 528.0 | $ 578.6 | ||
| Service cost | 2.8 | 3.1 | ||
| Interest cost | 14.4 | 15.7 | ||
| Plan participants' contributions | 9.1 | 9.8 | ||
| Actuarial (gains) losses | (60.4) | (30.2) | ||
| Benefits paid, net of Medicare Part D subsidy | [1] | (50.2) | (55.4) | |
| Other, including expenses paid | (1.0) | 0.5 | ||
| Benefit obligation at end of year | $ 442.7 | $ 528.0 | ||
| ||||
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Postretirement Plans Funded Status) (Details) - Postretirement [Member] - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Amounts included in the balance sheet: | ||
| Accrued compensation and benefits | $ (45.1) | $ (48.5) |
| Postemployment and other benefit liabilities | (397.6) | (479.5) |
| Net amount recognized | $ (442.7) | $ (528.0) |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss) Other Than Pension) (Details) - Other Postretirement Benefits Plan [Member] $ in Millions |
12 Months Ended |
|---|---|
|
Dec. 31, 2018
USD ($)
| |
| Balance at December 31, 2013 | $ 35.1 |
| Current year changes recorded to Accumulated other comprehensive income (loss) | 60.4 |
| Amortization reclassified to earnings | (4.8) |
| Balance at December 31, 2014 | 90.7 |
| Net Actuarial Losses [Member] | |
| Balance at December 31, 2013 | 31.0 |
| Current year changes recorded to Accumulated other comprehensive income (loss) | 60.4 |
| Amortization reclassified to earnings | (1.0) |
| Balance at December 31, 2014 | 90.4 |
| prior service gains [Member] | |
| Balance at December 31, 2013 | 4.1 |
| Current year changes recorded to Accumulated other comprehensive income (loss) | 0.0 |
| Amortization reclassified to earnings | (3.8) |
| Balance at December 31, 2014 | $ 0.3 |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Net Periodic Postretirement Benefit Cost) (Details) - Postretirement Benefit Costs [Member] - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Service cost | $ 2.8 | $ 3.1 | $ 3.7 |
| Interest cost | 14.4 | 15.7 | 17.5 |
| Prior service gains, net amortization of | (3.8) | (8.6) | (8.9) |
| Plan net actuarial losses, net amortization of | (1.0) | 0.1 | 0.1 |
| Net periodic benefit cost | 12.4 | 10.3 | 12.4 |
| Net periodic benefit cost after net curtailment and settlement (gains) losses | 12.4 | 10.3 | 12.4 |
| Segment, Continuing Operations [Member] | |||
| Net periodic benefit cost after net curtailment and settlement (gains) losses | |||
| Segment, Discontinued Operations [Member] | |||
| Net periodic benefit cost after net curtailment and settlement (gains) losses | $ 2.3 | $ 1.6 | $ 4.1 |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Weighted Average Discount Rate Assumptions) (Details) - Postretirement [Member] |
1 Months Ended | 11 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Nov. 30, 2015 |
Nov. 30, 2014 |
Nov. 30, 2013 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Benefit obligations at December 31 | 4.05% | 3.73% | |||||||
| Net periodic benefit cost | 2.94% | 2.99% | 2.99% | 3.47% | 3.82% | 3.97% | |||
| Year that the rate reaches the ultimate trend rate | 2023 | 2023 | 2023 | ||||||
| current year medical inflation [Member] | |||||||||
| Ultimate inflation rate | 6.45% | 6.85% | 7.25% | ||||||
| ultimate inflation rate [Member] | |||||||||
| Ultimate inflation rate | 5.00% | 5.00% | 5.00% | ||||||
| Prior to 2012 plan amendment [Member] | |||||||||
| Benefit obligations at December 31 | 3.38% | ||||||||
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Change in Medical Trend Rate Assumed for Postretirement Benefits) (Details) $ in Millions |
12 Months Ended |
|---|---|
|
Dec. 31, 2018
USD ($)
| |
| Effect on total service and interest cost components, 1% Increase | $ 0.4 |
| Effect on total service and interest cost components, 1% Decrease | (0.4) |
| Effect on postretirement benefit obligation, 1% Increase | 12.2 |
| Effect on postretirement benefit obligation, 1% Decrease | $ (11.0) |
Pensions and Postretirement Benefits Other Than Pensions (Schedule of Benefit Payments for Postretirement Benefits) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Multiemployer plan, period contributions | $ 9.8 | $ 9.0 | $ 7.7 |
| Postretirement [Member] | |||
| 2015 | 45.9 | ||
| 2016 | 45.0 | ||
| 2017 | 43.0 | ||
| 2018 | 40.9 | ||
| 2019 | 38.4 | ||
| 2020-2024 | $ 158.5 | ||
Pensions and Postretirement Benefits Other Than Pensions Pensions and Postretirement Benefits Other Than Pensions (Schedule ofMultiemployer Plans) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Retirement Benefits, Description [Abstract] | |||
| Total contributions | $ 9.8 | $ 9.0 | $ 7.7 |
Equity (Narrative) (Details) $ / shares in Units, $ in Millions |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2018
€ / shares
shares
|
Feb. 01, 2014
USD ($)
|
|
| Stock Repurchase Program, Authorized Amount | $ | $ 1,500.0 | ||||
| Stock repurchased and retired during period, value | $ | $ 900.2 | $ 1,016.9 | $ 250.1 | ||
| Authorized share capital | 1,185,040,000 | 1,185,040,000 | |||
| Ordinary shares, par value, in dollars or euros per share, as stated | $ / shares | $ 1.00 | $ 1.00 | |||
| Par Value US [Member] | |||||
| Ordinary shares, par value, in dollars or euros per share, as stated | $ / shares | 1.00 | ||||
| Preference shares, par value, in dollars per share | $ / shares | $ 0.001 | ||||
| Par Value Euro [Member] | |||||
| Ordinary shares, par value, in dollars or euros per share, as stated | € / shares | € 1.00 | ||||
| Ordinary shares [Member] | Par Value US [Member] | |||||
| Number of ordinary shares | 1,175,000,000 | 1,175,000,000 | |||
| Ordinary shares [Member] | Par Value Euro [Member] | |||||
| Number of ordinary shares | 40,000 | 40,000 | |||
| Preferred Stock [Member] | |||||
| Number of preference shares | 10,000,000 | 10,000,000 | |||
| Preference shares outstanding | 0 | 0 | 0 | ||
| Foreign Currency Gain (Loss) [Member] | Accumulated Other Comprehensive Income, Other [Member] | |||||
| Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest | $ | $ (3.0) | $ 0.5 | $ 9.6 | ||
Equity (Reconciliation of Ordinary Shares) (Details) - shares shares in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Ordinary shares [Member] | |||
| Beginning balance, shares | 274.0 | 271.7 | 269.0 |
| Shares issued under incentive plans | 2.1 | ||
| Repurchase of ordinary shares | (9.7) | 0.0 | 0.0 |
| Ending balance, shares | 266.4 | 274.0 | 271.7 |
| Treasury Stock [Member] | |||
| Beginning balance, shares | 24.5 | ||
| Shares issued under incentive plans | 0.0 | ||
| Repurchase of ordinary shares | 0.0 | ||
| Ending balance, shares | 24.5 | 24.5 | |
Equity (Changes In Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Accumulated other comprehensive income (loss) | $ (778.8) | $ (1,290.5) | |
| Other comprehensive income (loss), net of tax | (185.3) | 511.7 | $ (169.6) |
| Accumulated other comprehensive income (loss) | (964.1) | (778.8) | (1,290.5) |
| Accumulated Other Comprehensive Income, Other [Member] | |||
| Other comprehensive income (loss), net of tax | (185.3) | ||
| Cash flow hedges and marketable securities [Member] | |||
| Accumulated other comprehensive income (loss) | 4.7 | 2.9 | |
| Other comprehensive income (loss), net of tax | 1.8 | ||
| Accumulated other comprehensive income (loss) | 6.7 | 4.7 | 2.9 |
| Cash flow hedges and marketable securities [Member] | Accumulated Other Comprehensive Income, Other [Member] | |||
| Other comprehensive income (loss), net of tax | 2.0 | ||
| Pension and OPEB Adjustments [Member] | |||
| Accumulated other comprehensive income (loss) | (494.3) | (554.4) | |
| Other comprehensive income (loss), net of tax | 60.1 | ||
| Accumulated other comprehensive income (loss) | (454.0) | (494.3) | (554.4) |
| Pension and OPEB Adjustments [Member] | Accumulated Other Comprehensive Income, Other [Member] | |||
| Other comprehensive income (loss), net of tax | 40.3 | ||
| Foreign Currency Gain (Loss) [Member] | |||
| Accumulated other comprehensive income (loss) | (289.2) | (739.0) | |
| Other comprehensive income (loss), net of tax | 449.8 | ||
| Accumulated other comprehensive income (loss) | (516.8) | $ (289.2) | $ (739.0) |
| Foreign Currency Gain (Loss) [Member] | Accumulated Other Comprehensive Income, Other [Member] | |||
| Other comprehensive income (loss), net of tax | $ (227.6) | ||
Share-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Jun. 03, 2009 |
|
| Total number of shares authorized by the shareholders | 23.0 | |||
| Remains available for future incentive awards | 22.9 | |||
| Share-based compensation expense | $ (80.8) | $ (73.6) | $ (69.6) | |
| Share-based compensation expense, net of tax | (61.2) | (45.4) | (43.0) | |
| Aggregate intrinsic value of options exercised, in USD | $ 74.1 | 72.7 | ||
| Percentage Of Awards Applied To Performance Condition | 50.00% | |||
| Percentage of Awards Applied to Market Condition | 50.00% | |||
| Stock options and RSUs [Member] | ||||
| Vesting period, in years | 3 years | |||
| Stock Option [Member] | ||||
| Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD | $ 11.5 | |||
| Restricted Stock Units (RSUs) [Member] | ||||
| Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD | 16.8 | |||
| Performance Shares [Member] | ||||
| Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD | $ 18.6 | |||
| Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period | 3 years | |||
| Stock Options [Member] | ||||
| Share-based compensation expense | $ (23.5) | $ (19.5) | $ (18.1) | |
Share-Based Compensation (Compensation Expenses) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | $ (80.8) | $ (73.6) | $ (69.6) |
| Tax benefit | 19.6 | 28.2 | 26.6 |
| Share-based compensation expense, net of tax | 61.2 | 45.4 | 43.0 |
| Stock Options [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | (23.5) | (19.5) | (18.1) |
| Restricted Stock Units (RSUs) [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | (30.4) | (26.4) | (26.3) |
| Performance Shares [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | (23.0) | (23.0) | (19.9) |
| Deferred Compensation [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | (3.4) | (3.1) | (3.2) |
| Other [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | 0.5 | (1.6) | (2.1) |
| Segment, Continuing Operations [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense, net of tax | 61.2 | 45.4 | 43.0 |
| Segment, Discontinued Operations [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense, net of tax | $ 0.0 | $ 0.0 | $ 0.0 |
Share-Based Compensation Share-Based Compensation (Fair Value of Stock Options Assumptions) (Details) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Dividend yield | 2.00% | 2.00% |
| Volatility | 21.64% | 22.46% |
| Risk free rate of return | 2.48% | 1.80% |
| Expected life | 4 years 9 months 20 days | 4 years 9 months 20 days |
Share-Based Compensation (Changes in Options Outstanding Under the Plans) (Details) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Ten point seventy four dollars to sixty eight point seventy dollars [Member] | |||
| Weighted average remaining life, Outstanding, in years | 6 years 8 months 4 days | ||
| Weighted average remaining life, Exercisable, in years | 5 years 3 months 6 days | ||
| Stock Options [Member] | |||
| Shares subject to options, Beginning balance | 6,354,882 | 6,846,895 | 6,836,029 |
| Shares subject to options, Granted | 1,541,025 | 1,518,335 | 1,958,476 |
| Shares subject to options, Exercised | (1,515,955) | (1,789,615) | (1,854,058) |
| Shares subject to options, Cancelled | (94,601) | (220,733) | (93,552) |
| Shares subject to options, Ending balance | 6,285,351 | 6,354,882 | 6,846,895 |
| Shares subject to options, Exercisable | 3,262,865 | ||
| Weighted average exercise price, Beginning balance, in dollars per share | $ 56.49 | $ 47.81 | $ 43.46 |
| Weighted average exercise price, Granted, in dollars per share | 89.71 | 80.27 | 50.04 |
| Weighted average exercise price, Exercised, in dollars per share | 45.44 | 42.79 | 33.71 |
| Weighted average exercise price, Cancelled, in dollars per share | 79.53 | 61.91 | 56.22 |
| Weighted average exercise price, Ending Balance, in dollars per share | 66.95 | $ 56.49 | $ 47.81 |
| Weighted average exercise price, Exercisable, in dollars per share | $ 55.76 | ||
| Aggregate intrinsic value, Outstanding, in USD | $ 152.8 | ||
| Aggregate intrinsic value, Exercisable, in USD | $ 115.7 | ||
| Weighted average remaining life, Exercisable, in years | 5 years 3 months 6 days | ||
Share-Based Compensation (Information Concerning Currently Outstanding and Exercisable Options) (Details) |
12 Months Ended |
|---|---|
|
Dec. 31, 2018
$ / shares
shares
| |
| 10.01 - 20.00 [Member] | |
| Number of options outstanding, in shares | shares | 34,551 |
| Weighted average remaining life, Outstanding, in years | 1 month 2 days |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 13.49 |
| Number of options exercisable, in shares | shares | 34,551 |
| Weighted average remaining life, Exercisable, in years | 1 month 2 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 13.49 |
| 20.01 - 30.00 [Member] | |
| Number of options outstanding, in shares | shares | 78,051 |
| Weighted average remaining life, Outstanding, in years | 1 year 8 months 4 days |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 24.95 |
| Number of options exercisable, in shares | shares | 78,051 |
| Weighted average remaining life, Exercisable, in years | 1 year 8 months 4 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 24.95 |
| 30.01 - 40.00 [Member] | |
| Number of options outstanding, in shares | shares | 265,557 |
| Weighted average remaining life, Outstanding, in years | 2 years 8 months 20 days |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 34.41 |
| Number of options exercisable, in shares | shares | 265,557 |
| Weighted average remaining life, Exercisable, in years | 2 years 8 months 20 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 34.41 |
| 40.01 - 50.00 [Member] | |
| Number of options outstanding, in shares | shares | 1,764,942 |
| Weighted average remaining life, Outstanding, in years | 6 years |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 47.97 |
| Number of options exercisable, in shares | shares | 1,189,081 |
| Weighted average remaining life, Exercisable, in years | 5 years 7 months 2 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 46.98 |
| 50.01 - 60.00 [Member] | |
| Number of options outstanding, in shares | shares | 586,455 |
| Weighted average remaining life, Outstanding, in years | 4 years 10 months 8 days |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 59.57 |
| Number of options exercisable, in shares | shares | 572,668 |
| Weighted average remaining life, Exercisable, in years | 4 years 10 months 8 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 59.69 |
| Sixty point zero one dollars to seventy dollars [Member] | |
| Number of options outstanding, in shares | shares | 743,796 |
| Weighted average remaining life, Outstanding, in years | 5 years 8 months 4 days |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 67.04 |
| Number of options exercisable, in shares | shares | 743,796 |
| Weighted average remaining life, Exercisable, in years | 5 years 8 months 4 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 67.04 |
| Ten point seventy four dollars to sixty eight point seventy dollars [Member] | |
| Number of options outstanding, in shares | shares | 6,285,351 |
| Weighted average remaining life, Outstanding, in years | 6 years 8 months 4 days |
| Weighted average exercise price, options outstanding, in dollars per share | $ / shares | $ 66.95 |
| Number of options exercisable, in shares | shares | 3,262,865 |
| Weighted average remaining life, Exercisable, in years | 5 years 3 months 6 days |
| Weighted average exercise price, option exercisable, in dollars per share | $ / shares | $ 55.76 |
Share-Based Compensation (RSU Activity During the Year) (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Outstanding and unvested, beginning balance, in shares | 803,699 | 835,749 | 922,611 |
| RSUs, granted, in shares | 327,411 | 372,443 | 486,401 |
| RSUs, vested, in shares | (389,285) | (370,397) | (545,437) |
| RSUs, cancelled, in shares | (20,186) | (34,096) | (27,826) |
| Outstanding and unvested, ending balance, in shares | 721,639 | 803,699 | 835,749 |
| Weighted average grant date fair value, beginning of Period, in dollars per share | $ 67.09 | $ 56.95 | $ 58.14 |
| Weighted average grant date fair value, granted, in dollars per share | 90.07 | 81.09 | 51.28 |
| Weighted average grant date fair value, vested, in dollars per share | 64.88 | 58.56 | 53.84 |
| Weighted average grant date fair value, cancelled, in dollars per share | 77.95 | 63.79 | 58.19 |
| Weighted average grant date fair value, end of Period, in dollars per share | $ 78.40 | $ 67.09 | $ 56.95 |
Share-Based Compensation Share Based Compensation (Performance Shares Rollforward) (Details) - Performance Shares [Member] - $ / shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Outstanding and unvested, beginning balance, in shares | 1,364,536 | 1,423,796 | 1,448,232 |
| Weighted average grant date fair value, beginning of Period, in dollars per share | $ 73.31 | $ 65.34 | $ 63.18 |
| Share based compensation (SARs or Performance shares), granted, in shares | 363,342 | 419,404 | 597,088 |
| Weighted average grant date fair value, granted, in dollars per share | $ 106.31 | $ 93.68 | $ 53.82 |
| Performance shares, vested in period, in shares | (309,306) | (353,834) | (462,035) |
| Performance shares, vested, weighted average grant date fair value | $ 76.00 | $ 65.35 | $ 46.81 |
| Share based compensation (SARs or Performance shares), cancelled, in shares | (172,408) | (124,830) | (159,489) |
| Weighted average grant date fair value, cancelled, in dollars per share | $ 90.89 | $ 73.40 | $ 56.25 |
| Outstanding and unvested, ending balance, in shares | 1,246,164 | 1,364,536 | 1,423,796 |
| Weighted average grant date fair value, end of Period, in dollars per share | $ 79.83 | $ 73.31 | $ 65.34 |
Restructuring Activities (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Restructuring and related cost, incurred cost | $ 93.4 | $ 61.7 | $ 35.5 |
| Restructuring reserve, current | 51.4 | 16.0 | 8.3 |
| Industrial [Member] | |||
| Restructuring and related cost, incurred cost | 49.9 | 14.5 | 20.5 |
| Restructuring reserve, current | $ 29.9 | $ 6.1 | $ 4.3 |
Restructuring Activities (Restructuring Charges) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Restructuring and related cost, incurred cost | $ 93.4 | $ 61.7 | $ 35.5 |
| Additions, net of reversals | 75.6 | 45.0 | |
| Climate Solutions [Member] | |||
| Restructuring and related cost, incurred cost | 34.1 | 42.3 | 6.2 |
| Additions, net of reversals | 16.3 | 25.6 | |
| Industrial Technologies [Member] | |||
| Restructuring and related cost, incurred cost | 49.9 | 14.5 | 20.5 |
| Additions, net of reversals | 49.9 | 14.5 | |
| Corporate and Other [Member] | |||
| Restructuring and related cost, incurred cost | 9.4 | 4.9 | 8.8 |
| Additions, net of reversals | 9.4 | 4.9 | |
| Cost of goods sold [Member] | |||
| Restructuring and related cost, incurred cost | 72.3 | 46.8 | 9.8 |
| selling and administrative expenses [Member] | |||
| Restructuring and related cost, incurred cost | $ 21.1 | $ 14.9 | $ 25.7 |
Restructuring Activities (Restructuring Reserve) (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Restructuring reserve, beginning balance | $ 16.0 | $ 8.3 |
| Additions, net of reversals | 75.6 | 45.0 |
| Cash paid | (40.2) | (37.3) |
| Restructuring reserve, ending balance | 51.4 | 16.0 |
| Climate [Member] | ||
| Restructuring reserve, beginning balance | 7.4 | 3.4 |
| Additions, net of reversals | 16.3 | 25.6 |
| Cash paid | (4.8) | (21.6) |
| Restructuring reserve, ending balance | 18.9 | 7.4 |
| Industrial [Member] | ||
| Restructuring reserve, beginning balance | 6.1 | 4.3 |
| Additions, net of reversals | 49.9 | 14.5 |
| Cash paid | (26.1) | (12.7) |
| Restructuring reserve, ending balance | 29.9 | 6.1 |
| Corporate and Other [Member] | ||
| Restructuring reserve, beginning balance | 2.5 | 0.6 |
| Additions, net of reversals | 9.4 | 4.9 |
| Cash paid | (9.3) | (3.0) |
| Restructuring reserve, ending balance | $ 2.6 | $ 2.5 |
Other, Net (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Foreign Currency Transaction Gain (Loss), before Tax | $ (17.6) | $ (8.8) | $ (2.0) |
| Proceeds from Sale of Equity Method Investments | 422.5 | ||
| Equity Method Investment, Realized Gain (Loss) on Disposal | 397.8 | ||
| Hussmann Business Equity Ownership [Member] | |||
| Earnings (loss) from equity investments | $ 0.0 | $ 0.0 | $ (0.8) |
Other, Net Table (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Interest income | $ 6.4 | $ 9.4 | $ 8.0 |
| Exchange gain (loss) | (17.6) | (8.8) | (2.0) |
| Other | (3.3) | (1.2) | (13.3) |
| Other, net | (36.4) | (31.6) | 359.6 |
| Hussmann Business Equity Ownership [Member] | |||
| Earnings (loss) from equity investments | $ 0.0 | $ 0.0 | $ (0.8) |
Income Taxes (Narrative) (Details) $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
|
| Income tax holiday, aggregate dollar amount | $ 25.4 | $ 19.7 | $ 23.3 | |
| Undistributed earnings | 3,200.0 | |||
| Unrecognized tax benefits | 83.0 | 120.5 | 107.1 | $ 174.9 |
| Unrecognized tax benefits that would impact effective tax rate | 60.8 | |||
| Unrecognized tax benefits, income tax penalties and interest accrued | 20.7 | 35.0 | ||
| Unrecognized tax benefits, income tax penalties and interest expense recognized | (13.4) | 1.9 | ||
| Tax benefit to continuing operations | 281.3 | $ 80.2 | $ 281.5 | |
| Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit | $ 4.0 | |||
| Period Changes In Unrecognized Tax Benefit, in months | 12 | |||
Income Taxes Schedule of Earnings (Loss) Before Income Taxes (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Income Tax Disclosure [Abstract] | |||
| Earnings (loss) before income taxes, United States | $ 971.6 | $ (17.6) | $ 419.8 |
| Earnings (loss) before income taxes, Non-U.S. | 688.7 | 1,435.5 | 1,321.5 |
| Earnings (loss) before income taxes | $ 1,660.3 | $ 1,417.9 | $ 1,741.3 |
Income Taxes (Schedule of Components of Provision for Income Taxes) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Current tax expense (benefit) | $ 425.1 | $ 197.6 | $ 315.3 |
| Deferred tax expense (benefit) | (143.8) | (117.4) | (33.8) |
| Benefit (provision) for income taxes | (281.3) | (80.2) | (281.5) |
| United States [Member] | |||
| Current tax expense (benefit) | 231.9 | 102.2 | 179.6 |
| Deferred tax expense (benefit) | (83.2) | (234.7) | (6.7) |
| Benefit (provision) for income taxes | (148.7) | 132.5 | (172.9) |
| Non-U.S. [Member] | |||
| Current tax expense (benefit) | 193.2 | 95.4 | 135.7 |
| Deferred tax expense (benefit) | (60.6) | 117.3 | (27.1) |
| Benefit (provision) for income taxes | $ (132.6) | $ (212.7) | $ (108.6) |
Income Taxes (Schedule of Reconciliation Between Statutory and Effective Tax Rate) (Details) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Statutory U.S. rate | 21.00% | 35.00% | 35.00% |
| Non US tax rate differential | (1.80%) | (28.80%) | (14.70%) |
| Tax on US subsidiaries on Non US earnings | 0.70% | 0.80% | 0.90% |
| State and local income taxes | 0.10% | 1.20% | 1.40% |
| Change in permanent reinvestment assertion | (2.30%) | 8.40% | 0.00% |
| Valuation allowances | 0.70% | 2.80% | 0.10% |
| Reserves for uncertain tax positions | (0.80%) | (0.90%) | 0.10% |
| Impact of change in taxation of retiree drugs subsidy | 0.00% | 0.00% | (5.70%) |
| Provision to return and other true-up adjustments | (0.70%) | (1.70%) | (0.60%) |
| Other adjustments | 0.20% | 0.50% | (0.30%) |
| Effective tax rate | 16.90% | 5.70% | 16.20% |
Income Taxes (Schedule of Deferred Tax Accounts) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|---|---|---|---|---|
| Inventory and accounts receivable, deferred tax asset | $ 20.3 | $ 17.4 | ||
| Fixed assets and intangibles, deferred tax asset | 39.2 | 10.4 | ||
| Postemployment and other benefit liabilities, deferred tax asset | 386.1 | 396.5 | ||
| Product liability, deferred tax asset | 95.1 | 95.4 | ||
| Other reserves and accruals, deferred tax asset | 153.9 | 134.8 | ||
| Net operating losses and credit carryforwards, deferred tax asset | 589.9 | 589.0 | ||
| Other, deferred tax asset | 28.6 | 22.7 | ||
| Gross deferred tax assets | 1,313.1 | 1,266.2 | ||
| Deferred tax valuation allowances | (332.2) | (344.6) | $ (184.5) | $ (213.1) |
| Deferred tax assets net of valuation allowances | 980.9 | 921.6 | ||
| Inventory and accounts receivable, deferred tax liability | (18.6) | (24.1) | ||
| Fixed assets and intangibles, deferred tax liability | (1,220.9) | (1,237.4) | ||
| Postemployment and other benefit liabilities, deferred tax liability | (9.7) | (9.6) | ||
| Other reserves and accruals, deferred tax liability | (11.8) | (1.5) | ||
| Other, deferred tax liability | (10.6) | (11.1) | ||
| Deferred Tax Liabilities, Gross | (1,312.3) | (1,422.8) | ||
| Gross deferred tax liability | $ (331.4) | $ (501.2) |
Income Taxes (Operating Loss and Tax Credit Carryforwards) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| U.S. Federal net operating loss carryforwards | $ 589.9 | $ 589.0 |
| United States [Member] | ||
| U.S. Federal net operating loss carryforwards | 680.2 | |
| U.S. credit carryforwards | 127.9 | |
| State and Local Jurisdiction [Member] | ||
| U.S. credit carryforwards | 30.4 | |
| U.S. State net operating loss carryforwards | 3,317.0 | |
| Non-U.S. [Member] | ||
| Non-U.S. net operating loss carryforwards | 752.9 | |
| Non-U.S. credit carryforwards | $ 7.1 |
Income Taxes (Valuation Allowance) (Details) - USD ($) $ in Millions |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2014 |
|
| Beginning balance | $ 344.6 | $ 184.5 | $ 213.1 | |
| Valuation Allowance Deferred Tax Assets Written Off | 4.6 | 0.0 | $ 0.0 | |
| Accumulated other comprehensive income (loss) | (7.6) | 2.7 | (4.5) | |
| Ending balance | 332.2 | 344.6 | 184.5 | |
| Increase to valuation allowance [Member] | ||||
| Valuation allowance change | 54.9 | 176.5 | 19.4 | |
| Decrease to valuation allowance [Member] | ||||
| Valuation allowance change | $ (55.1) | $ (19.1) | $ (43.5) | |
Income Taxes (Unrecognized Tax Benefit) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Income Tax Disclosure [Abstract] | |||
| Beginning balance | $ 120.5 | $ 107.1 | $ 174.9 |
| Additions based on tax positions related to the current year | 3.4 | 6.2 | 5.9 |
| Additions based on tax positions related to prior years | 23.5 | 16.8 | 29.1 |
| Reductions based on tax positions related to prior years | 47.2 | 8.6 | 37.6 |
| Reductions related to settlements with tax authorities | 14.2 | 4.8 | 60.9 |
| Reductions related to lapses of statute of limitations | 0.9 | 1.3 | 2.8 |
| Translation (gain)/loss | (2.1) | 5.1 | (1.5) |
| Ending balance | $ 83.0 | $ 120.5 | $ 107.1 |
Divestitures (Narrative) (Details) - USD ($) |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2008 |
|
| Tax charges from spinoff | $ (64,000,000) | $ (8,600,000) | $ (4,800,000) | |
| Goodwill, Impairment Loss | 0 | 0 | $ 2,496,000,000 | |
| Change in noncontrolling interest from distribution | 41,400,000 | 15,800,000 | 14,100,000 | |
| Gain (loss) on sale/asset impairment | $ 0 | $ (8,400,000) | $ 0 | |
Divestitures and Discontinued Operations (Summary of Financial Information for Discontinued Operations) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
| Pre-tax earnings (loss) from operations | $ (85.5) | $ (34.0) | $ 28.1 |
| Tax benefit (expense) | 64.0 | 8.6 | 4.8 |
| Discontinued operations, net of tax | $ (21.5) | $ (25.4) | $ 32.9 |
Discontinued Operations by Business (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
| Discontinued operations, net of tax | $ (21.5) | $ (25.4) | $ 32.9 |
Divestitures and Discontinued Operations (Net Revenues and After-Tax Earnings) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Discontinued operations, net of tax | $ (21.5) | $ (25.4) | $ 32.9 |
Divestitures and Discontinued Operations (Schedule of Other Discontinued Operations) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Discontinued operations, net of tax | $ (21.5) | $ (25.4) | $ 32.9 |
Acquisitions and Divestitures Divestiture - Net earnings (loss) schedule (Details) - USD ($) $ / shares in Units, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
| Gain (loss) on sale/asset impairment | $ 0.0 | $ (8.4) | $ 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | $ 1,337.6 | $ 1,302.6 | $ 1,476.2 |
| Earnings Per Share, Diluted | $ 5.35 | $ 5.05 | $ 5.65 |
Acquisitions Net Assets Acquired (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Goodwill [Line Items] | ||
| Goodwill | $ 5,959.5 | $ 5,935.7 |
Acquisitions (Narrative) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Business Acquisition [Line Items] | ||
| Goodwill | $ 5,959.5 | $ 5,935.7 |
Earnings Per Share (EPS) (Details) - shares shares in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Weighted-average number of basic shares | 247.2 | 254.9 | 259.2 |
| Shares issuable under incentive stock plans | 2.9 | 3.2 | 2.5 |
| Weighted-average number of diluted shares | 250.1 | 258.1 | 261.7 |
| Anti-dilutive shares | 1.5 | 1.6 | 1.2 |
Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Extended Product Warranty Accrual, Current | $ 100.0 | $ 103.1 | |
| Reserves for environmental matters | $ 41.2 | 41.9 | |
| Maximum annual inflation rate | 2.50% | ||
| Minimum annual inflation rate | 1.00% | ||
| Percentage of non-malignant claims, minimum | 75.00% | ||
| Total rental expense | $ 261.3 | 241.8 | $ 230.4 |
| Minimum lease payments, due in current year | 197.1 | ||
| Minimum lease payments, due in second year | 152.0 | ||
| Minimum lease payments, due in third year | 107.4 | ||
| Minimum lease payments, due in fourth year | 68.4 | ||
| Minimum lease payments, due in fifth year | 42.2 | ||
| Segment, Discontinued Operations [Member] | |||
| Reserves for environmental matters | 36.1 | 36.8 | |
| Asbestos Issue [Member] | |||
| Total Asset For Probable Asbestos Related Insurance Recoveries | 268.2 | 266.4 | |
| Asbestos Issue [Member] | IR New Jersey [Member] | |||
| Total Asset For Probable Asbestos Related Insurance Recoveries | 141.7 | 138.5 | |
| Asbestos Issue [Member] | Trane [Member] | |||
| Total Asset For Probable Asbestos Related Insurance Recoveries | $ 126.5 | $ 127.9 | |
Commitments and Contingencies Schedule of Asbestos Related Balances (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Accrued expenses and other current liabilities | $ 1,728.2 | $ 1,655.2 |
| Other noncurrent liabilities | 1,062.4 | 1,138.6 |
| Other current assets | 471.6 | 536.9 |
| Other noncurrent assets | 857.9 | 824.3 |
| Asbestos Issue [Member] | ||
| Accrued expenses and other current liabilities | 63.3 | 48.2 |
| Other noncurrent liabilities | 548.3 | 556.6 |
| Total Asbestos Related Liabilities | 611.6 | 604.8 |
| Other current assets | 69.2 | 56.1 |
| Other noncurrent assets | 199.0 | 210.3 |
| Total Asset For Probable Asbestos Related Insurance Recoveries | $ 268.2 | $ 266.4 |
Commitments and Contingencies Costs/Income Asbestos Related Claims After Recoveries (Details) - Asbestos Issue [Member] - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Continuing operations | $ (10.4) | $ (3.1) | $ 2.7 |
| Discontinued Operations | (56.5) | (11.9) | 46.3 |
| Total Of Costs Or Income Related To Asbestos Claims Settlement | $ (66.9) | $ (15.0) | $ 49.0 |
Commitments and Contingencies (Standard Product Warranty Liability) (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Balance at beginning of period | $ 270.5 | $ 261.6 |
| Reductions for payments | 159.0 | 140.5 |
| Accruals for warranties issued during the current period | 158.2 | 141.9 |
| Changes to accruals related to preexisting warranties | 11.5 | 2.2 |
| Translation | (2.3) | 5.3 |
| Balance at end of period | 278.9 | 270.5 |
| Total current standard product warranty reserve | $ 149.5 | $ 144.5 |
Commitments and Contingencies Commitments and Contingencies (Extended Product Warranty Liability) (Details) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Extended Product Warranty Accrual, Current | $ 100.0 | $ 103.1 |
| Extended Warranty [Member] | ||
| Balance at beginning of period | 293.0 | 295.9 |
| Amortization of deferred revenue for the period | (115.0) | (107.2) |
| Additions for extended warranties issued during the period | 116.1 | 100.8 |
| Changes to accruals related to preexisting warranties | (0.5) | 1.3 |
| Translation | (1.4) | 2.2 |
| Balance at end of period | 292.2 | 293.0 |
| Extended warranty incurred costs | $ 63.2 | $ 60.7 |
Business Segment Information (Narrative) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Gain (loss) on sale/asset impairment | $ 0.0 | $ (8.4) | $ 0.0 |
Business Segment Information (Summary of Operations by Reportable Segments) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Net revenues | $ 15,668.2 | $ 14,197.6 | $ 13,508.9 |
| Segment Operating Income | 2,171.5 | 1,930.3 | 1,837.8 |
| Capital expenditures | 365.6 | 221.3 | 182.7 |
| Gain (loss) on sale/asset impairment | 0.0 | (8.4) | 0.0 |
| Operating income (loss) | $ 1,917.4 | $ 1,665.3 | $ 1,603.2 |
| Operating income (loss) as a percentage of revenues | 12.20% | 11.70% | 11.90% |
| Depreciation and amortization | $ 361.5 | $ 353.3 | $ 352.2 |
| Climate [Member] | |||
| Net revenues | 12,343.8 | 11,167.5 | 10,545.0 |
| Segment Operating Income | $ 1,766.2 | $ 1,572.7 | $ 1,537.5 |
| Segment Operating Income As a Percentage Of Revenues | 14.30% | 14.10% | 14.60% |
| Capital expenditures | $ 217.3 | $ 103.8 | $ 78.2 |
| Depreciation and amortization | 252.0 | 247.6 | 225.2 |
| Industrial [Member] | |||
| Net revenues | 3,324.4 | 3,030.1 | 2,963.9 |
| Segment Operating Income | $ 405.3 | $ 357.6 | $ 300.3 |
| Segment Operating Income As a Percentage Of Revenues | 12.20% | 11.80% | 10.10% |
| Capital expenditures | $ 80.9 | $ 57.4 | $ 36.3 |
| Depreciation and amortization | 79.2 | 77.3 | 67.2 |
| Segment Reconciling Items [Member] | |||
| Capital expenditures | 67.4 | 60.1 | 68.2 |
| Operating Expenses | (254.1) | (265.0) | (234.6) |
| Depreciation and amortization | 30.3 | 28.4 | 59.8 |
| Operating Segments [Member] | |||
| Capital expenditures | 298.2 | 161.2 | 114.5 |
| Depreciation and amortization | $ 331.2 | $ 324.9 | $ 292.4 |
Business Segment Information (Schedule of Revenues by Destination) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Net revenues | $ 15,668.2 | $ 14,197.6 | $ 13,508.9 |
Business Segment Information (Schedule of Long-Lived Asset by Geographic Area) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Long-Lived Assets | $ 2,696.0 | $ 2,636.6 |
| UNITED STATES | ||
| Long-Lived Assets | 1,914.7 | 1,878.1 |
| Non-U.S. [Member] | ||
| Long-Lived Assets | $ 781.3 | $ 758.5 |
Business Segment Information Revenue by major product/solution (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Revenue from External Customer [Line Items] | |||
| Net revenues | $ 15,668.2 | $ 14,197.6 | $ 13,508.9 |
Guarantor Financial Information (Narrative) (Details) |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| 6.875% Senior Notes Due 2018 [Member] | ||
| Debt instrument, interest rate | 6.875% | |
| 2.875% Senior Notes Due 2019 [Member] | ||
| Debt instrument, interest rate | 2.875% | |
| 4.250% Senior Notes Due 2013 [Member] | ||
| Debt instrument, interest rate | 4.25% | |
| 5.750% Senior Notes Due 2043 [Member] | ||
| Debt instrument, interest rate | 5.75% | |
| 9.00% Debentures Due 2021 [Member] | ||
| Debt instrument, interest rate | 9.00% | |
| 7.20% Debentures Due 2014-2025 [Member] | ||
| Debt instrument, interest rate | 7.20% | |
| 6.48% Debentures Due 2025 [Member] | ||
| Debt instrument, interest rate | 6.48% | |
| 6.625% Percent Senior Notes Due Two Thousand Twenty [Member] | ||
| Debt instrument, interest rate | 2.625% | 2.625% |
| 2.625 Percent Notes Due 2020 [Member] | ||
| Debt instrument, interest rate | 2.625% | |
| 3.55% Senior Notes due 2024 [Member] | ||
| Debt instrument, interest rate | 3.55% | 3.55% |
| 4.650% Percent Senior Notes due Twenty Forty Four [Member] | ||
| Debt instrument, interest rate | 4.65% | 4.65% |
Guarantor Financial Information (Condensed Consolidating Statement of Comprehensive Income) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Net revenues | $ 15,668.2 | $ 14,197.6 | $ 13,508.9 |
| Cost of goods sold | (10,847.6) | (9,811.6) | (9,307.9) |
| Selling and administrative expenses | (2,903.2) | (2,720.7) | (2,597.8) |
| Gain (loss) on sale/asset impairment | 0.0 | (8.4) | 0.0 |
| Operating Income (Loss) | 1,917.4 | 1,665.3 | 1,603.2 |
| Equity earnings (loss) in affiliates, net of tax | 0.0 | 0.0 | 0.0 |
| Interest expense | (220.7) | (215.8) | (221.5) |
| Intercompany Interest And Fees | 0.0 | 0.0 | 0.0 |
| Other, net | (36.4) | (31.6) | 359.6 |
| Earnings (loss) before income taxes | 1,660.3 | 1,417.9 | 1,741.3 |
| Benefit (provision) for income taxes | (281.3) | (80.2) | (281.5) |
| Earnings (loss) from continuing operations | 1,379.0 | 1,337.7 | 1,459.8 |
| Discontinued operations, net of tax | (21.5) | (25.4) | 32.9 |
| Net earnings | 1,357.5 | 1,312.3 | 1,492.7 |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 1,169.2 | 1,824.5 | 1,332.7 |
| Less: Net earnings attributable to noncontrolling interests | (19.9) | (9.7) | (16.5) |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 1,337.6 | 1,302.6 | 1,476.2 |
| Other comprehensive income (loss), net of tax | (185.3) | 511.7 | (169.6) |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 1,152.3 | 1,814.3 | 1,306.6 |
| Plc [Member] | |||
| Net revenues | 0.0 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Selling and administrative expenses | (39.5) | (15.6) | (16.9) |
| Operating Income (Loss) | (39.5) | (15.6) | (16.9) |
| Equity earnings (loss) in affiliates, net of tax | 1,460.8 | 1,349.2 | 1,559.7 |
| Interest expense | 0.0 | 0.0 | 0.0 |
| Intercompany Interest And Fees | (92.7) | (33.1) | (69.2) |
| Other, net | 0.0 | 0.0 | 0.9 |
| Earnings (loss) before income taxes | 1,328.6 | 1,300.5 | 1,474.5 |
| Benefit (provision) for income taxes | 9.0 | 2.1 | 1.7 |
| Earnings (loss) from continuing operations | 1,337.6 | 1,302.6 | 1,476.2 |
| Discontinued operations, net of tax | 0.0 | 0.0 | 0.0 |
| Net earnings | 1,337.6 | 1,302.6 | 1,476.2 |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 1,337.6 | 1,302.6 | 1,476.2 |
| Other comprehensive income (loss), net of tax | (185.3) | 511.7 | (169.6) |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 1,152.3 | 1,814.3 | 1,306.6 |
| Irish Holdings [Member] | |||
| Net revenues | 0.0 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Selling and administrative expenses | 0.0 | 0.0 | 0.0 |
| Operating Income (Loss) | 0.0 | 0.0 | 0.0 |
| Equity earnings (loss) in affiliates, net of tax | 1,458.6 | 1,334.7 | 1,544.0 |
| Interest expense | 0.0 | 0.0 | 0.0 |
| Intercompany Interest And Fees | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Earnings (loss) before income taxes | 1,458.6 | 1,334.7 | 1,544.0 |
| Benefit (provision) for income taxes | 0.0 | 0.0 | 0.0 |
| Earnings (loss) from continuing operations | 1,458.6 | 1,334.7 | 1,544.0 |
| Discontinued operations, net of tax | 0.0 | 0.0 | 0.0 |
| Net earnings | 1,458.6 | 1,334.7 | 1,544.0 |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 1,458.6 | 1,334.7 | 1,544.0 |
| Other comprehensive income (loss), net of tax | (184.7) | 510.3 | (168.5) |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 1,273.9 | 1,845.0 | 1,375.5 |
| Lux International [Member] | |||
| Net revenues | 0.0 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Selling and administrative expenses | (0.4) | (0.1) | (0.2) |
| Operating Income (Loss) | (0.4) | (0.1) | (0.2) |
| Equity earnings (loss) in affiliates, net of tax | 1,183.7 | 982.3 | 1,463.4 |
| Interest expense | 0.4 | 0.0 | 0.0 |
| Intercompany Interest And Fees | 41.1 | 253.0 | (46.4) |
| Other, net | (48.8) | 0.1 | 0.0 |
| Earnings (loss) before income taxes | 1,176.0 | 1,235.3 | 1,416.8 |
| Benefit (provision) for income taxes | 0.0 | 0.0 | 3.0 |
| Earnings (loss) from continuing operations | 1,176.0 | 1,235.3 | 1,419.8 |
| Discontinued operations, net of tax | 0.0 | 0.0 | 0.0 |
| Net earnings | 1,176.0 | 1,235.3 | 1,419.8 |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 1,176.0 | 1,235.3 | 1,419.8 |
| Other comprehensive income (loss), net of tax | (173.7) | 472.5 | (166.8) |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 1,002.3 | 1,707.8 | 1,253.0 |
| Global Holding [Member] | |||
| Net revenues | 0.0 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Selling and administrative expenses | (0.3) | (1.2) | (0.1) |
| Operating Income (Loss) | (0.3) | (1.2) | (0.1) |
| Equity earnings (loss) in affiliates, net of tax | 1,190.7 | 565.3 | 609.4 |
| Interest expense | (130.3) | (127.0) | (127.0) |
| Intercompany Interest And Fees | (196.5) | (493.9) | (164.5) |
| Other, net | 0.7 | 0.0 | 0.0 |
| Earnings (loss) before income taxes | 864.3 | (56.8) | 317.8 |
| Benefit (provision) for income taxes | 86.2 | 247.2 | 115.6 |
| Earnings (loss) from continuing operations | 950.5 | 190.4 | 433.4 |
| Discontinued operations, net of tax | 0.0 | 0.0 | 0.0 |
| Net earnings | 950.5 | 190.4 | 433.4 |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 950.5 | 190.4 | 433.4 |
| Other comprehensive income (loss), net of tax | (85.7) | 369.3 | (161.1) |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 864.8 | 559.7 | 272.3 |
| New Jersey [Member] | |||
| Net revenues | 1,414.5 | 1,336.6 | 1,327.2 |
| Cost of goods sold | (1,044.0) | (957.9) | (982.2) |
| Selling and administrative expenses | (391.5) | (401.7) | (352.5) |
| Operating Income (Loss) | (21.0) | (23.0) | (7.5) |
| Equity earnings (loss) in affiliates, net of tax | 1,074.3 | 1,212.5 | 808.7 |
| Interest expense | (46.8) | (47.2) | (47.9) |
| Intercompany Interest And Fees | 122.8 | (500.9) | (277.2) |
| Other, net | (17.3) | (5.8) | (13.8) |
| Earnings (loss) before income taxes | 1,112.0 | 635.6 | 462.3 |
| Benefit (provision) for income taxes | 98.5 | (42.4) | 117.3 |
| Earnings (loss) from continuing operations | 1,210.5 | 593.2 | 579.6 |
| Discontinued operations, net of tax | (20.1) | (27.9) | 30.4 |
| Net earnings | 1,190.4 | 565.3 | 610.0 |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 1,190.4 | 565.3 | 610.0 |
| Other comprehensive income (loss), net of tax | (85.7) | 368.8 | (161.5) |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 1,104.7 | 934.1 | 448.5 |
| Lux Finance [Member] | |||
| Net revenues | 0.0 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Selling and administrative expenses | (0.3) | (0.2) | (0.5) |
| Operating Income (Loss) | (0.3) | (0.2) | (0.5) |
| Equity earnings (loss) in affiliates, net of tax | 195.6 | 107.9 | 1,521.1 |
| Interest expense | (43.0) | (41.0) | (42.6) |
| Intercompany Interest And Fees | (11.2) | (8.2) | (6.8) |
| Other, net | 0.1 | 0.0 | 0.0 |
| Earnings (loss) before income taxes | 141.2 | 58.5 | 1,471.2 |
| Benefit (provision) for income taxes | 0.0 | 0.0 | 0.0 |
| Earnings (loss) from continuing operations | 141.2 | 58.5 | 1,471.2 |
| Discontinued operations, net of tax | 0.0 | 0.0 | 0.0 |
| Net earnings | 141.2 | 58.5 | 1,471.2 |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 141.2 | 58.5 | 1,471.2 |
| Other comprehensive income (loss), net of tax | (83.5) | 102.1 | 5.0 |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 57.7 | 160.6 | 1,476.2 |
| Other [Member] | |||
| Net revenues | 14,658.2 | 13,216.7 | 12,533.9 |
| Cost of goods sold | (10,208.1) | (9,209.4) | (8,677.9) |
| Selling and administrative expenses | (2,471.2) | (2,301.9) | (2,227.6) |
| Operating Income (Loss) | 1,978.9 | 1,705.4 | 1,628.4 |
| Equity earnings (loss) in affiliates, net of tax | 0.0 | 0.0 | 0.0 |
| Interest expense | (1.0) | (0.6) | (4.0) |
| Intercompany Interest And Fees | 136.5 | 783.1 | 564.1 |
| Other, net | 28.9 | (25.9) | 372.5 |
| Earnings (loss) before income taxes | 2,143.3 | 2,462.0 | 2,561.0 |
| Benefit (provision) for income taxes | (475.0) | (287.1) | (519.1) |
| Earnings (loss) from continuing operations | 1,668.3 | 2,174.9 | 2,041.9 |
| Discontinued operations, net of tax | (1.4) | 2.5 | 2.5 |
| Net earnings | 1,666.9 | 2,177.4 | 2,044.4 |
| Less: Net earnings attributable to noncontrolling interests | (19.9) | (9.7) | (16.5) |
| Net earnings (loss) attributable to Ingersoll-Rand plc | 1,647.0 | 2,167.7 | 2,027.9 |
| Other comprehensive income (loss), net of tax | (256.2) | 499.0 | 33.3 |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | 1,390.8 | 2,666.7 | 2,061.2 |
| Eliminations [Member] | |||
| Net revenues | (404.5) | (355.7) | (352.2) |
| Cost of goods sold | 404.5 | 355.7 | 352.2 |
| Selling and administrative expenses | 0.0 | 0.0 | 0.0 |
| Operating Income (Loss) | 0.0 | 0.0 | 0.0 |
| Equity earnings (loss) in affiliates, net of tax | (6,563.7) | (5,551.9) | (7,506.3) |
| Interest expense | 0.0 | 0.0 | 0.0 |
| Intercompany Interest And Fees | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Earnings (loss) before income taxes | (6,563.7) | (5,551.9) | (7,506.3) |
| Benefit (provision) for income taxes | 0.0 | 0.0 | 0.0 |
| Earnings (loss) from continuing operations | (6,563.7) | (5,551.9) | (7,506.3) |
| Discontinued operations, net of tax | 0.0 | 0.0 | 0.0 |
| Net earnings | (6,563.7) | (5,551.9) | (7,506.3) |
| Less: Net earnings attributable to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Net earnings (loss) attributable to Ingersoll-Rand plc | (6,563.7) | (5,551.9) | (7,506.3) |
| Other comprehensive income (loss), net of tax | 869.5 | (2,322.0) | 619.6 |
| Total comprehensive income (loss) attributable to Ingersoll-Rand plc | $ (5,694.2) | $ (7,873.9) | $ (6,886.7) |
Guarantor Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 903.4 | $ 1,549.4 | $ 1,714.7 | $ 736.8 |
| Accounts and notes receivable, net | 2,679.2 | 2,477.4 | ||
| Inventories | 1,677.8 | 1,555.4 | ||
| Other current assets | 471.6 | 536.9 | ||
| Intercompany receivables | 0.0 | 0.0 | ||
| Total current assets | 5,732.0 | 6,119.1 | ||
| Property, plant and equipment, net | 1,730.8 | 1,551.3 | ||
| Intangible assets, net | 9,594.2 | 9,678.6 | ||
| Other assets, net | 857.9 | 824.3 | ||
| Investments in consolidated subsidiaries | 0.0 | 0.0 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 17,914.9 | 18,173.3 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 3,965.1 | 3,721.0 | ||
| Short-term borrowings and current maturities of long-term debt | 350.6 | 1,107.0 | ||
| Intercompany accounts payable | 0.0 | 0.0 | ||
| Total current liabilities | 4,315.7 | 4,828.0 | ||
| Long-term debt | 3,740.7 | 2,957.0 | ||
| Other noncurrent liabilities | 2,793.7 | 3,181.4 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 10,850.1 | 10,966.4 | ||
| Equity: | ||||
| Total equity | 7,064.8 | 7,206.9 | 6,718.3 | 5,879.2 |
| Total liabilities and equity | 17,914.9 | 18,173.3 | ||
| Plc [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 0.0 | 0.0 | 0.0 | 0.0 |
| Accounts and notes receivable, net | 0.0 | 0.0 | ||
| Inventories | 0.0 | 0.0 | ||
| Other current assets | 0.2 | 0.2 | ||
| Intercompany receivables | 59.5 | 1,819.1 | ||
| Total current assets | 59.7 | 1,819.3 | ||
| Property, plant and equipment, net | 0.0 | 0.0 | ||
| Intangible assets, net | 0.0 | 0.0 | ||
| Other assets, net | 0.0 | 0.0 | ||
| Investments in consolidated subsidiaries | 9,308.9 | 7,318.1 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 9,368.6 | 9,137.4 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 11.3 | 8.5 | ||
| Short-term borrowings and current maturities of long-term debt | 0.0 | 0.0 | ||
| Intercompany accounts payable | 2,334.6 | 1,988.3 | ||
| Total current liabilities | 2,345.9 | 1,996.8 | ||
| Long-term debt | 0.0 | 0.0 | ||
| Other noncurrent liabilities | 0.0 | 0.3 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 2,345.9 | 1,997.1 | ||
| Equity: | ||||
| Total equity | 7,022.7 | 7,140.3 | ||
| Total liabilities and equity | 9,368.6 | 9,137.4 | ||
| Irish Holdings [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 0.1 | 0.0 | 0.0 | 0.0 |
| Accounts and notes receivable, net | 0.0 | 0.0 | ||
| Inventories | 0.0 | 0.0 | ||
| Other current assets | 0.0 | 0.0 | ||
| Intercompany receivables | 0.0 | 9,912.2 | ||
| Total current assets | 0.1 | 9,912.2 | ||
| Property, plant and equipment, net | 0.0 | 0.0 | ||
| Intangible assets, net | 0.0 | 0.0 | ||
| Other assets, net | 0.0 | 0.0 | ||
| Investments in consolidated subsidiaries | 9,267.8 | 1,684.2 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 9,267.9 | 11,596.4 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 0.0 | 0.0 | ||
| Short-term borrowings and current maturities of long-term debt | 0.0 | 0.0 | ||
| Intercompany accounts payable | 0.0 | 0.0 | ||
| Total current liabilities | 0.0 | 0.0 | ||
| Long-term debt | 0.0 | 0.0 | ||
| Other noncurrent liabilities | 0.0 | 0.0 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 0.0 | 0.0 | ||
| Equity: | ||||
| Total equity | 9,267.9 | 11,596.4 | ||
| Total liabilities and equity | 9,267.9 | 11,596.4 | ||
| Lux International [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 0.2 | 0.6 | 0.0 | 0.0 |
| Accounts and notes receivable, net | 0.1 | 0.0 | ||
| Inventories | 0.0 | 0.0 | ||
| Other current assets | 7.8 | 5.7 | ||
| Intercompany receivables | 3.9 | 2,036.8 | ||
| Total current assets | 12.0 | 2,043.1 | ||
| Property, plant and equipment, net | 0.1 | 0.0 | ||
| Intangible assets, net | 0.0 | 0.0 | ||
| Other assets, net | 8.0 | 0.0 | ||
| Investments in consolidated subsidiaries | 3,935.4 | 2,953.9 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 3,955.5 | 4,997.0 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 0.1 | 0.2 | ||
| Short-term borrowings and current maturities of long-term debt | 0.0 | 0.0 | ||
| Intercompany accounts payable | 132.9 | 9,316.7 | ||
| Total current liabilities | 133.0 | 9,316.9 | ||
| Long-term debt | 0.0 | 0.0 | ||
| Other noncurrent liabilities | 0.0 | 0.0 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 133.0 | 9,316.9 | ||
| Equity: | ||||
| Total equity | 3,822.5 | (4,319.9) | ||
| Total liabilities and equity | 3,955.5 | 4,997.0 | ||
| Global Holding [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 0.0 | 0.0 | 0.0 | 11.4 |
| Accounts and notes receivable, net | 0.0 | 0.0 | ||
| Inventories | 0.0 | 0.0 | ||
| Other current assets | 0.0 | 112.6 | ||
| Intercompany receivables | 0.0 | 0.0 | ||
| Total current assets | 0.0 | 112.6 | ||
| Property, plant and equipment, net | 0.0 | 0.0 | ||
| Intangible assets, net | 0.0 | 0.0 | ||
| Other assets, net | 180.0 | 185.4 | ||
| Investments in consolidated subsidiaries | 11,743.2 | 10,480.3 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 11,923.2 | 10,778.3 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 41.7 | 27.3 | ||
| Short-term borrowings and current maturities of long-term debt | 0.0 | 749.6 | ||
| Intercompany accounts payable | 3,518.7 | 5,481.1 | ||
| Total current liabilities | 3,560.4 | 6,258.0 | ||
| Long-term debt | 2,330.0 | 1,539.9 | ||
| Other noncurrent liabilities | 5.5 | 92.4 | ||
| Intercompany notes payable | 2,249.7 | |||
| Total liabilities | 8,145.6 | 7,890.3 | ||
| Equity: | ||||
| Total equity | 3,777.6 | 2,888.0 | ||
| Total liabilities and equity | 11,923.2 | 10,778.3 | ||
| New Jersey [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 363.5 | 359.3 | 634.6 | 0.0 |
| Accounts and notes receivable, net | 183.4 | 166.5 | ||
| Inventories | 146.6 | 168.5 | ||
| Other current assets | 101.0 | 76.2 | ||
| Intercompany receivables | 3,851.0 | 1,849.9 | ||
| Total current assets | 4,645.5 | 2,620.4 | ||
| Property, plant and equipment, net | 314.6 | 310.6 | ||
| Intangible assets, net | 432.1 | 436.0 | ||
| Other assets, net | 498.1 | 471.1 | ||
| Investments in consolidated subsidiaries | 9,923.2 | 10,923.7 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 15,813.5 | 14,761.8 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 599.6 | 572.3 | ||
| Short-term borrowings and current maturities of long-term debt | 350.4 | 350.4 | ||
| Intercompany accounts payable | 1,700.9 | 1,790.0 | ||
| Total current liabilities | 2,650.9 | 2,712.7 | ||
| Long-term debt | 319.5 | 326.8 | ||
| Other noncurrent liabilities | 1,100.5 | 1,251.8 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 4,070.9 | 4,291.3 | ||
| Equity: | ||||
| Total equity | 11,742.6 | 10,470.5 | ||
| Total liabilities and equity | 15,813.5 | 14,761.8 | ||
| Lux Finance [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 0.0 | 0.0 | 0.0 | 0.1 |
| Accounts and notes receivable, net | 0.0 | 0.0 | ||
| Inventories | 0.0 | 0.0 | ||
| Other current assets | 0.0 | 0.0 | ||
| Intercompany receivables | 0.1 | 0.0 | ||
| Total current assets | 0.1 | 0.0 | ||
| Property, plant and equipment, net | 0.0 | 0.0 | ||
| Intangible assets, net | 0.0 | 0.0 | ||
| Other assets, net | 0.0 | 0.0 | ||
| Investments in consolidated subsidiaries | 1,264.2 | 1,150.9 | ||
| Intercompany notes receivable | 0.0 | |||
| Total assets | 1,264.3 | 1,150.9 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 6.9 | 6.9 | ||
| Short-term borrowings and current maturities of long-term debt | 0.0 | 0.0 | ||
| Intercompany accounts payable | 0.2 | 523.3 | ||
| Total current liabilities | 7.1 | 530.2 | ||
| Long-term debt | 1,091.0 | 1,089.7 | ||
| Other noncurrent liabilities | 0.0 | 0.0 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 1,098.1 | 1,619.9 | ||
| Equity: | ||||
| Total equity | 166.2 | (469.0) | ||
| Total liabilities and equity | 1,264.3 | 1,150.9 | ||
| Other [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 539.6 | 1,189.5 | 1,080.1 | 725.3 |
| Accounts and notes receivable, net | 2,495.7 | 2,310.9 | ||
| Inventories | 1,531.2 | 1,386.9 | ||
| Other current assets | 363.4 | 342.2 | ||
| Intercompany receivables | 3,838.0 | 5,014.8 | ||
| Total current assets | 8,767.9 | 10,244.3 | ||
| Property, plant and equipment, net | 1,416.1 | 1,240.7 | ||
| Intangible assets, net | 9,162.1 | 9,242.6 | ||
| Other assets, net | 610.6 | 550.8 | ||
| Investments in consolidated subsidiaries | 0.0 | 0.0 | ||
| Intercompany notes receivable | 2,249.7 | |||
| Total assets | 22,206.4 | 21,278.4 | ||
| Current liabilities: | ||||
| Accounts payable and accruals | 3,306.3 | 3,105.8 | ||
| Short-term borrowings and current maturities of long-term debt | 0.2 | 7.0 | ||
| Intercompany accounts payable | 65.2 | 1,533.4 | ||
| Total current liabilities | 3,371.7 | 4,646.2 | ||
| Long-term debt | 0.2 | 0.6 | ||
| Other noncurrent liabilities | 2,126.5 | 2,219.9 | ||
| Intercompany notes payable | 0.0 | |||
| Total liabilities | 5,498.4 | 6,866.7 | ||
| Equity: | ||||
| Total equity | 16,708.0 | 14,411.7 | ||
| Total liabilities and equity | 22,206.4 | 21,278.4 | ||
| Eliminations [Member] | ||||
| Current assets: | ||||
| Cash and cash equivalents | 0.0 | 0.0 | $ 0.0 | $ 0.0 |
| Accounts and notes receivable, net | 0.0 | 0.0 | ||
| Inventories | 0.0 | 0.0 | ||
| Other current assets | (0.8) | 0.0 | ||
| Intercompany receivables | (7,752.5) | (20,632.8) | ||
| Total current assets | (7,753.3) | (20,632.8) | ||
| Property, plant and equipment, net | 0.0 | 0.0 | ||
| Intangible assets, net | 0.0 | 0.0 | ||
| Other assets, net | (438.8) | (383.0) | ||
| Investments in consolidated subsidiaries | (45,442.7) | (34,511.1) | ||
| Intercompany notes receivable | (2,249.7) | |||
| Total assets | (55,884.5) | (55,526.9) | ||
| Current liabilities: | ||||
| Accounts payable and accruals | (0.8) | 0.0 | ||
| Short-term borrowings and current maturities of long-term debt | 0.0 | 0.0 | ||
| Intercompany accounts payable | (7,752.5) | (20,632.8) | ||
| Total current liabilities | (7,753.3) | (20,632.8) | ||
| Long-term debt | 0.0 | 0.0 | ||
| Other noncurrent liabilities | (438.8) | (383.0) | ||
| Intercompany notes payable | (2,249.7) | |||
| Total liabilities | (10,441.8) | (21,015.8) | ||
| Equity: | ||||
| Total equity | (45,442.7) | (34,511.1) | ||
| Total liabilities and equity | $ (55,884.5) | $ (55,526.9) |
Guarantor Financial Information (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Net cash (used in) provided by continuing operating activities | $ 1,474.5 | $ 1,561.6 | $ 1,433.0 |
| Net cash (used in) provided by discontinued operating activities | (66.7) | (38.1) | 88.9 |
| Net cash provided by (used in) operating activities | 1,407.8 | 1,523.5 | 1,521.9 |
| Cash flows from investing activities: | |||
| Capital expenditures | (365.6) | (221.3) | (182.7) |
| Acquisition of businesses, net of cash acquired | (285.2) | (157.6) | (9.2) |
| Proceeds from sale of property, plant and equipment | 22.1 | 1.5 | 9.5 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | 0.0 | 422.5 |
| Proceeds from Divestiture of Interest in Joint Venture | (0.7) | ||
| Intercompany investing activities, net | 0.0 | 0.0 | 0.0 |
| Net cash (used in) provided by continuing investing activities | (629.4) | (374.7) | |
| Net cash provided by (used in) investing activities | (629.4) | (374.7) | 240.1 |
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 17.6 | (11.7) | (150.7) |
| Debt issuance costs | (12.0) | (0.2) | (2.1) |
| Dividends paid to ordinary shareholders | (479.5) | (430.1) | (348.6) |
| Dividends paid to noncontrolling interests | (41.4) | (15.8) | (14.1) |
| Proceeds shares issued under incentive plans | 68.9 | 76.7 | 62.9 |
| Repurchase of ordinary shares | (900.2) | (1,016.9) | (250.1) |
| Other, net | (32.2) | (27.7) | (24.2) |
| Net inter-company (payments) proceeds | 0.0 | 0.0 | 0.0 |
| Net cash (used in) provided by continuing financing activities | (1,378.8) | (1,432.5) | (726.9) |
| Net Cash Provided by (Used in) Financing Activities | (1,378.8) | (1,432.5) | (726.9) |
| Effect of exchange rate changes on cash and cash equivalents | (45.6) | 118.4 | (57.2) |
| Net (decrease) increase in cash and cash equivalents | (646.0) | (165.3) | 977.9 |
| Cash and cash equivalents - beginning of period | 1,549.4 | 1,714.7 | 736.8 |
| Cash and cash equivalents - end of period | 903.4 | 1,549.4 | 1,714.7 |
| Plc [Member] | |||
| Net cash (used in) provided by continuing operating activities | 78.8 | 83.8 | (80.4) |
| Net cash (used in) provided by discontinued operating activities | 0.0 | 0.0 | 0.0 |
| Net cash provided by (used in) operating activities | 78.8 | 83.8 | (80.4) |
| Cash flows from investing activities: | |||
| Capital expenditures | 0.0 | 0.0 | 0.0 |
| Acquisition of businesses, net of cash acquired | 0.0 | 0.0 | 0.0 |
| Proceeds from sale of property, plant and equipment | 0.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 0.0 | ||
| Intercompany investing activities, net | 1,058.7 | 285.1 | (90.1) |
| Net cash (used in) provided by continuing investing activities | 1,058.7 | 285.1 | |
| Net cash provided by (used in) investing activities | (90.1) | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 0.0 | 0.0 | 0.0 |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | (479.5) | (430.1) | (348.6) |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 68.9 | 76.7 | 62.9 |
| Repurchase of ordinary shares | (900.2) | (1,016.9) | (250.1) |
| Other, net | (25.8) | (25.4) | (24.2) |
| Net inter-company (payments) proceeds | 199.1 | 1,026.8 | 730.5 |
| Net cash (used in) provided by continuing financing activities | (1,137.5) | (368.9) | 170.5 |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Cash and cash equivalents - beginning of period | 0.0 | 0.0 | 0.0 |
| Cash and cash equivalents - end of period | 0.0 | 0.0 | 0.0 |
| Irish Holdings [Member] | |||
| Net cash (used in) provided by continuing operating activities | (2.7) | 0.0 | 0.0 |
| Net cash (used in) provided by discontinued operating activities | 0.0 | 0.0 | 0.0 |
| Net cash provided by (used in) operating activities | (2.7) | 0.0 | 0.0 |
| Cash flows from investing activities: | |||
| Capital expenditures | 0.0 | 0.0 | 0.0 |
| Acquisition of businesses, net of cash acquired | 0.0 | 0.0 | 0.0 |
| Proceeds from sale of property, plant and equipment | 0.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 0.0 | ||
| Intercompany investing activities, net | (481.2) | 285.2 | (19,465.7) |
| Net cash (used in) provided by continuing investing activities | (481.2) | 285.2 | |
| Net cash provided by (used in) investing activities | (19,465.7) | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 0.0 | 0.0 | 0.0 |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Net inter-company (payments) proceeds | 484.0 | (285.2) | 19,465.7 |
| Net cash (used in) provided by continuing financing activities | 484.0 | (285.2) | 19,465.7 |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | 0.1 | 0.0 | 0.0 |
| Cash and cash equivalents - beginning of period | 0.0 | 0.0 | 0.0 |
| Cash and cash equivalents - end of period | 0.1 | 0.0 | 0.0 |
| Lux International [Member] | |||
| Net cash (used in) provided by continuing operating activities | 31.5 | (42.8) | (42.0) |
| Net cash (used in) provided by discontinued operating activities | 0.0 | 0.0 | 0.0 |
| Net cash provided by (used in) operating activities | 31.5 | (42.8) | (42.0) |
| Cash flows from investing activities: | |||
| Capital expenditures | 0.0 | 0.0 | 0.0 |
| Acquisition of businesses, net of cash acquired | 0.0 | 0.0 | 0.0 |
| Proceeds from sale of property, plant and equipment | 0.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | (7.9) | ||
| Intercompany investing activities, net | 545.4 | 2,050.2 | 6,181.4 |
| Net cash (used in) provided by continuing investing activities | 537.5 | 2,050.2 | |
| Net cash provided by (used in) investing activities | 6,181.4 | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 0.0 | 0.0 | 0.0 |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Net inter-company (payments) proceeds | (569.4) | (2,006.8) | (6,139.4) |
| Net cash (used in) provided by continuing financing activities | (569.4) | (2,006.8) | (6,139.4) |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | (0.4) | 0.6 | 0.0 |
| Cash and cash equivalents - beginning of period | 0.6 | 0.0 | 0.0 |
| Cash and cash equivalents - end of period | 0.2 | 0.6 | 0.0 |
| Global Holding [Member] | |||
| Net cash (used in) provided by continuing operating activities | (217.6) | (284.9) | (276.6) |
| Net cash (used in) provided by discontinued operating activities | 0.0 | 0.0 | 0.0 |
| Net cash provided by (used in) operating activities | (217.6) | (284.9) | (276.6) |
| Cash flows from investing activities: | |||
| Capital expenditures | 0.0 | 0.0 | 0.0 |
| Acquisition of businesses, net of cash acquired | 0.0 | 0.0 | 0.0 |
| Proceeds from sale of property, plant and equipment | 0.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 0.0 | ||
| Intercompany investing activities, net | 9.5 | 270.1 | (172.9) |
| Net cash (used in) provided by continuing investing activities | 9.5 | 270.1 | |
| Net cash provided by (used in) investing activities | (172.9) | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 31.6 | 0.0 | 0.0 |
| Debt issuance costs | (12.0) | (0.2) | (2.1) |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Net inter-company (payments) proceeds | 188.5 | 15.0 | 440.2 |
| Net cash (used in) provided by continuing financing activities | 208.1 | 14.8 | 438.1 |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | 0.0 | 0.0 | (11.4) |
| Cash and cash equivalents - beginning of period | 0.0 | 0.0 | 11.4 |
| Cash and cash equivalents - end of period | 0.0 | 0.0 | 0.0 |
| New Jersey [Member] | |||
| Net cash (used in) provided by continuing operating activities | 1,544.4 | 438.4 | 823.4 |
| Net cash (used in) provided by discontinued operating activities | (65.3) | (36.9) | 86.4 |
| Net cash provided by (used in) operating activities | 1,479.1 | 401.5 | 909.8 |
| Cash flows from investing activities: | |||
| Capital expenditures | (87.7) | (74.2) | (73.7) |
| Acquisition of businesses, net of cash acquired | 0.0 | (2.7) | (9.2) |
| Proceeds from sale of property, plant and equipment | 9.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 3.0 | ||
| Intercompany investing activities, net | 287.1 | 4,899.4 | 65.8 |
| Net cash (used in) provided by continuing investing activities | 211.4 | 4,822.5 | |
| Net cash provided by (used in) investing activities | (17.1) | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | (7.5) | (7.5) | (7.7) |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | (1.5) | (1.7) | 0.0 |
| Net inter-company (payments) proceeds | (1,677.3) | (5,490.1) | (250.4) |
| Net cash (used in) provided by continuing financing activities | (1,686.3) | (5,499.3) | (258.1) |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | 4.2 | (275.3) | 634.6 |
| Cash and cash equivalents - beginning of period | 359.3 | 634.6 | 0.0 |
| Cash and cash equivalents - end of period | 363.5 | 359.3 | 634.6 |
| Lux Finance [Member] | |||
| Net cash (used in) provided by continuing operating activities | (52.0) | (48.0) | (47.3) |
| Net cash (used in) provided by discontinued operating activities | 0.0 | 0.0 | 0.0 |
| Net cash provided by (used in) operating activities | (52.0) | (48.0) | (47.3) |
| Cash flows from investing activities: | |||
| Capital expenditures | 0.0 | 0.0 | 0.0 |
| Acquisition of businesses, net of cash acquired | 0.0 | 0.0 | 0.0 |
| Proceeds from sale of property, plant and equipment | 0.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 0.0 | ||
| Intercompany investing activities, net | 0.0 | 11.7 | 336.1 |
| Net cash (used in) provided by continuing investing activities | 0.0 | 11.7 | |
| Net cash provided by (used in) investing activities | 336.1 | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 0.0 | 0.0 | (143.0) |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Net inter-company (payments) proceeds | 52.0 | 36.3 | (145.9) |
| Net cash (used in) provided by continuing financing activities | 52.0 | 36.3 | (288.9) |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | 0.0 | 0.0 | (0.1) |
| Cash and cash equivalents - beginning of period | 0.0 | 0.0 | 0.1 |
| Cash and cash equivalents - end of period | 0.0 | 0.0 | 0.0 |
| Other [Member] | |||
| Net cash (used in) provided by continuing operating activities | 92.1 | 1,415.1 | 1,055.9 |
| Net cash (used in) provided by discontinued operating activities | (1.4) | (1.2) | 2.5 |
| Net cash provided by (used in) operating activities | 90.7 | 1,413.9 | 1,058.4 |
| Cash flows from investing activities: | |||
| Capital expenditures | (277.9) | (147.1) | (109.0) |
| Acquisition of businesses, net of cash acquired | (285.2) | (154.9) | 0.0 |
| Proceeds from sale of property, plant and equipment | 13.1 | 1.5 | 9.5 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 422.5 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 4.2 | ||
| Intercompany investing activities, net | 2,641.1 | 6,788.3 | (2,226.8) |
| Net cash (used in) provided by continuing investing activities | 2,095.3 | 6,490.5 | |
| Net cash provided by (used in) investing activities | (1,903.8) | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | (6.5) | (4.2) | 0.0 |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | (41.4) | (15.8) | (14.1) |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | (4.9) | (0.6) | 0.0 |
| Net inter-company (payments) proceeds | (2,737.5) | (7,886.0) | 1,271.5 |
| Net cash (used in) provided by continuing financing activities | (2,790.3) | (7,913.4) | 1,257.4 |
| Effect of exchange rate changes on cash and cash equivalents | (45.6) | 118.4 | (57.2) |
| Net (decrease) increase in cash and cash equivalents | (649.9) | 109.4 | 354.8 |
| Cash and cash equivalents - beginning of period | 1,189.5 | 1,080.1 | 725.3 |
| Cash and cash equivalents - end of period | 539.6 | 1,189.5 | 1,080.1 |
| Eliminations [Member] | |||
| Net cash (used in) provided by continuing operating activities | 0.0 | 0.0 | 0.0 |
| Net cash (used in) provided by discontinued operating activities | 0.0 | 0.0 | 0.0 |
| Net cash provided by (used in) operating activities | 0.0 | 0.0 | 0.0 |
| Cash flows from investing activities: | |||
| Capital expenditures | 0.0 | 0.0 | 0.0 |
| Acquisition of businesses, net of cash acquired | 0.0 | 0.0 | 0.0 |
| Proceeds from sale of property, plant and equipment | 0.0 | 0.0 | 0.0 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0.0 | ||
| Proceeds from Divestiture of Interest in Joint Venture | 0.0 | ||
| Intercompany investing activities, net | (4,060.6) | (14,590.0) | 15,372.2 |
| Net cash (used in) provided by continuing investing activities | (4,060.6) | (14,590.0) | |
| Net cash provided by (used in) investing activities | 15,372.2 | ||
| Cash flows from financing activities: | |||
| Net proceeds (repayments) in debt | 0.0 | 0.0 | 0.0 |
| Debt issuance costs | 0.0 | 0.0 | 0.0 |
| Dividends paid to ordinary shareholders | 0.0 | 0.0 | 0.0 |
| Dividends paid to noncontrolling interests | 0.0 | 0.0 | 0.0 |
| Proceeds shares issued under incentive plans | 0.0 | 0.0 | 0.0 |
| Repurchase of ordinary shares | 0.0 | 0.0 | 0.0 |
| Other, net | 0.0 | 0.0 | 0.0 |
| Net inter-company (payments) proceeds | 4,060.6 | 14,590.0 | (15,372.2) |
| Net cash (used in) provided by continuing financing activities | 4,060.6 | 14,590.0 | (15,372.2) |
| Effect of exchange rate changes on cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Net (decrease) increase in cash and cash equivalents | 0.0 | 0.0 | 0.0 |
| Cash and cash equivalents - beginning of period | 0.0 | 0.0 | 0.0 |
| Cash and cash equivalents - end of period | $ 0.0 | $ 0.0 | $ 0.0 |
Valuation and Qualifying Accounts (Valuation and Qualifying Accounts Allowance For Doubtful Accounts) (Details) - Allowances for Doubtful Accounts [Member] - USD ($) $ in Millions |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2014 |
|||
| Balance at the beginning of period | $ 26.9 | $ 26.0 | $ 28.3 | |||
| Additions charged to costs and expenses | 15.3 | 9.7 | 7.9 | |||
| Deductions | [1] | (9.1) | (9.7) | (9.5) | ||
| Business acquisitions and divestitures, net | 0.5 | 0.0 | $ 0.0 | |||
| Currency translation | (0.9) | 1.3 | (0.7) | |||
| Balance at the end of period | $ 32.7 | $ 26.9 | $ 26.0 | |||
| ||||||