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 Ingersoll Rand Reports Fourth-Quarter and Annual 2017 Results
   Wednesday, January 31, 2018 6:30:02 AM ET

--Bookings up 10 percent; organic bookings* up 8 percent with strength in both Climate and Industrial

--Revenues up 8 percent; organic revenues* up 6 percent with strength in both Climate and Industrial

--Strong cash conversion for full-year 2017; cash flow from operating activities of $1.5 billion; free cash flow* of $1.3 billion, 118 percent of adjusted net income

--Full-year continuing EPS of $5.14; adjusted continuing EPS* of $4.51

--Full-year 2018 continuing EPS guidance of $4.80 to $5.00 and adjusted continuing EPS of $5.00 to $5.20

--*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.



Ingersoll-Rand plc (IR ), a world leader in creating comfortable, sustainable and efficient environments, today reported diluted earnings per share (EPS) from continuing operations of $1.93 for the fourth quarter of 2017. Adjusted continuing EPS of $1.02 excludes primarily non-cash tax-related benefits of $241.2 million ($0.95) related to United States tax legislation*** and other discrete items and restructuring costs of $13.6 million ($0.04). ***See footnote regarding accounting for the tax effects of The Tax Cuts and Jobs Act on page 8.

Fourth-Quarter 2017 Results

Financial Comparisons - Fourth-Quarter Continuing Operations
                                                                         
$, millions except EPS          Q4 2017     Q4 2016**    Y-O-Y Change     Organic Y-O-Y Change
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Bookings                        $3,559       $3,235           10%                  8%
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Net Revenues                    $3,618       $3,359           8%                   6%
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Operating Income                 $387         $353            10%
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Operating Margin                 10.7%        10.5%        0.2 PPts
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Operating Income*       $400         $367            9%
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Operating Margin*       11.1%        10.9%        0.2 PPts
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Continuing EPS                   $1.93        $0.76          154%
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Continuing EPS          $1.02        $0.84           21%
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Restructuring Cost              ($13.6)      ($14.7)         $1.1          
-------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
** Restated for adoption of ASU 2017-07. See tables in news
release for additional information.

"The Ingersoll Rand team has delivered another year of solid execution and financial results, including generating further growth in revenues, operating income and adjusted EPS," said Michael W. Lamach, chairman and chief executive officer. "In 2017, we exceeded the top end of our original earnings per share guidance range, grew market share in key businesses and delivered strong free cash flow of 118 percent of adjusted net income. We executed well on our dynamic capital allocation plans, raised dividends by 12.5 percent, committed $460 million to strategic acquisitions and deployed $1 billion to share repurchases. My thanks to our global team members for serving our customers and generating solid results.

"In 2018 our strategy remains consistent," he said. "We have healthy markets and leading brands that are well positioned for growth. We expect our business operating system to deliver strong operating leverage and powerful free cash flow. We will execute a balanced capital allocation strategy that best uses our cash to drive long-term sustainable value for shareholders."

Highlights from the Fourth-Quarter of 2017 (all comparisons against the fourth quarter of 2016 unless otherwise noted)

-- Strong bookings growth, up 10 percent; strong organic bookings growth of 8 percent with growth in both segments.

-- Enterprise revenue up 8 percent, organic revenue up 6 percent; North America up 7 percent and international up 4 percent organically.

-- Operating margin up 20 basis points, adjusted operating margin up 20 basis points. Positive price, higher volume and productivity improvements were partially offset by material and other inflation.

-- Fourth-quarter tax rate favorably impacted by primarily non-cash net benefits related to United States tax legislation and other discrete items; 2017 full-year adjusted effective tax rate was ~20 percent.

Fourth-Quarter Business Review (all comparisons against the fourth quarter of 2016 unless otherwise noted)

Climate Segment: delivers energy-efficient products and innovative energy services. The segment includes Trane(R) and American Standard(R) 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(TM) and Nexia(TM); and Thermo King(R) transport temperature control solutions.

$, millions                    Q4 2017     Q4 2016**    Y-O-Y Change     Organic Y-O-Y Change
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Bookings                       $2,725       $2,509           9%                   7%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Net Revenues                   $2,760       $2,559           8%                   6%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Operating Income               $348.2       $348.8           0%           
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Operating Margin                12.6%        13.6%       (1.0) PPts
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Operating Income      $355.3       $349.7           2%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Operating Margin       12.9%        13.7%       (0.8) PPts     
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
** Restated for adoption of ASU 2017-07. See tables in news
release for additional information.

-- Strong bookings and revenue growth, up 9 percent and 8 percent, respectively. Organic bookings and revenues up 7 percent and 6 percent, respectively.

-- Operating margin was lower by 100 basis points (bps) with adjusted operating margin lower by 80 bps. Higher revenue and productivity were more than offset by material inflation. Commercial HVAC Asia continues to grow through product, people and service network investments in underserved markets in China. Execution of this strategy is expected to be complete and add to EPS in 2018 with accelerated earnings expected in future years from service agreements.

Commercial HVAC

-- Reported bookings up low-teens and organic bookings up high-single digits. Low-teens organic bookings growth in North America and significant increases in Europe. China organic bookings up low-teens and Latin America down low-single digits.

-- Reported revenue and organic revenue up mid-single digits with gains in both HVAC equipment, and parts and service.

-- Regionally, North America saw low-single digit reported and organic revenue growth; China reported and organic revenues were up low-teens and high-single digits, respectively, offsetting declines in the rest of Asia; Europe reported and organic revenues were up significantly.

Residential HVAC

-- Bookings up low-teens and revenue up high-single digits.

-- Product, channel and digital investments continue to yield market share gains in a healthy market.

Transport Refrigeration

-- Reported revenues up low-teens and organic revenues up high-single digits from growth in trailer, truck, aftermarket parts and auxiliary power units.

-- Bookings were flat and organic bookings decreased low-single digits with strong orders for truck, aftermarket parts and for auxiliary power units offset by declines in North America trailer and marine.

Industrial Segment: delivers products and services that enhance energy efficiency, productivity and operations. The segment includes compressed air and gas systems and services, power tools, material handling systems, ARO(R) fluid management equipment, as well as Club Car(R) golf, utility and consumer low-speed vehicles.

$, millions                    Q4 2017     Q4 2016**    Y-O-Y Change     Organic Y-O-Y Change
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Bookings                        $834         $726            15%                  12%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Net Revenues                    $858         $800            7%                   5%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Operating Income               $110.6        $85.4           30%          
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Operating Margin                12.9%        10.7%        2.2 PPts
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Operating Income      $113.2        $92.8           22%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------
Adjusted Operating Margin       13.2%        11.6%        1.6 PPts      
------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
** Restated for adoption of ASU 2017-07. See tables in news
release for additional information.

-- Strong bookings and revenue growth across the segment.

-- The segment continues to focus on improving operating margins through driving mix to services, new product development and cost reductions.

-- Regionally, high-single digit organic revenue growth in the Americas was partially offset by declines in EMEA.

Compression Technologies

-- Bookings up mid-teens and organic bookings up low-teens driven by equipment order growth.

-- Revenues and organic revenues up low-single digits. Aftermarket parts and services revenues up low-teens and organic revenues up high-single digits.

-- Primary drivers of segment margin improvement were continued commercial focus, operational excellence initiatives and cost containment.

Industrial Products

-- Bookings up mid-teens and organic bookings up low-teens. Aftermarket parts and services bookings up high-single digits.

-- Revenues up mid-teens and organic revenues up low-teens.

Small Electric Vehicles (Club Car)

-- Bookings and revenue up low-teens with gains in consumer vehicles and aftermarket.

Full-Year 2017 Results

Financial Comparisons - Full-Year Continuing Operations
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
$, millions except EPS          2017       2016**     Y-O-Y Change         Organic Y-O-Y
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Bookings                       $14,490     $13,673         6%                   6%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Net Revenues                   $14,198     $13,509         5%                   5%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
Operating Income               $1,665      $1,603          4%           
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------
Operating Margin                11.7%       11.9%      (0.2) PPts
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------
Adjusted Operating Income      $1,727      $1,639          5%
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------
Adjusted Operating Margin       12.2%       12.1%       0.1 PPts
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------
Continuing EPS                  $5.14       $5.52         (7%)
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------
Adjusted Continuing EPS         $4.51       $4.13          9%         
------------------------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------------ -------------------- -------------------- --------------------
** Restated for adoption of ASU 2017-07. See tables in news
release for additional information.

-- Full-year 2017 net revenues and organic revenues up 5 percent, primarily driven by strong growth in North American HVAC.

-- Operating margin at 11.7 percent, down 0.2 percentage points. Adjusted operating margin up 0.1 percentage points.

-- Reported continuing EPS of $5.14; adjusted continuing EPS of $4.51, up 9 percent.

Balance Sheet and Cash Flow                                         
$, millions                                 Q4 2017     Q4 2016**       Y-O-Y Change
-------------------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------------
Cash From Operating Activities (Y-T-D)      $1,524       $1,522               2
-------------------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------------
Free Cash Flow (Y-T-D)                      $1,340       $1,367             (27)
-------------------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------------
Working Capital/Revenue*                     3.3%         3.4%       10 bps improvement
-------------------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------------
Cash Balance 31 December                    $1,549       $1,715             (166)
-------------------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------------
Debt Balance 31 December                    $4,064       $4,070              (6)
-------------------------------------- -------------------- -------------------- ------- -------------------- -------------------- --------- -------------------- -------------------- ------------------
** Restated for adoption of ASU 2016-09.

Capital Allocation

-- Free cash flow of $1.3 billion equal to 118 percent of adjusted net income. Cash flow Return On Invested Capital (ROIC)* of 21.2 percent for the year.

-- The company repurchased $1 billion or 11.8 million shares during 2017; $106 million or 1.2 million shares repurchased in the fourth quarter.

-- Approximately $460 million spent or committed over the last 12 months in acquisitions.

-- Fourth-quarter cash flow from operating activities was $650 million.

-- Working capital/revenue improved 10 bps.

Full-Year 2018 Guidance

-- Revenues up 5 percent to 5.5 percent; organic revenues up 3 percent to 3.5 percent compared with 2017.

-- Continuing EPS of $4.80 to $5.00, including EPS of $(0.20) for restructuring; adjusted EPS from continuing operations of $5.00 to $5.20.

-- Average diluted shares of approximately 250 million.

-- GAAP effective tax rate of approximately 21 percent to 22 percent.

-- Cash flow from operating activities of $1.45 billion to $1.55 billion. Free cash flow between $1.2 billion to $1.3 billion. The company expects free cash flow to be equal to or greater than net income for 2018.

-- The company expects to continue to employ a balanced capital deployment strategy by reinvesting in the business, paying a strong dividend that grows at or above the rate of EPS growth, repurchasing shares and making strategic business acquisitions.

This news release includes "forward-looking statements" which are statements that are not historical facts, including statements that relate to the mix of and demand for our products; performance of the markets in which we operate; our share repurchase program including the amount of shares to be repurchased and timing of such repurchases; our capital allocation strategy including projected acquisitions; our projected 2018 full-year financial performance and targets including assumptions regarding our effective tax rate and other factors described in our guidance. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, global economic conditions, the outcome of any litigation, demand for our products and services, and tax law changes and interpretations. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2016, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.

This news release also includes non-GAAP financial information which should be considered supplemental to, not a substitute for, or superior to, the financial measure calculated in accordance with GAAP. The definitions of our non-GAAP financial information and reconciliation to GAAP is attached to this news release.

All amounts reported within the earnings release above related to net earnings (loss), earnings (loss) from continuing operations, earnings (loss) from discontinued operations, and per share amounts are attributed to Ingersoll Rand’s ordinary shareholders.

Ingersoll Rand (IR ) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands -- including Club Car(R), Ingersoll Rand(R), Thermo King(R) and Trane(R)-- work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results. For more information, visit ingersollrand.com.

(See Accompanying Tables)

-- Table 1: Condensed Consolidated Income Statement

-- Table 2: Business Review

-- Tables 3 - 6: Reconciliation of GAAP to Non-GAAP

-- Table 7: Condensed Consolidated Balance Sheets

-- Table 8: Condensed Consolidated Statement of Cash Flows

-- Table 9: Balance Sheet Metrics and Free Cash Flow

-- Table 10: Impact for the adoption of ASU 2017-07

*Non-GAAP measures definitions

Organic bookings is defined as reported orders closed/completed in the current period adjusted for the impact of currency and acquisitions. Organic revenue is defined as GAAP net revenues adjusted for the impact of currency and acquisitions.

Currency impacts on net revenues and bookings are measured by applying the prior year’s foreign currency exchange rates to the current period’s net revenues and bookings reported in local currency. This measure allows for a direct comparison of operating results excluding the year-over-year impact of foreign currency translation.

Adjusted operating income is defined as GAAP operating income plus restructuring expenses in 2017 and 2016. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 3 and 4 of the news release.

Adjusted operating margin is defined as the ratio of adjusted operating income divided by net revenues.

In 2017 Adjusted continuing EPS is defined as GAAP continuing EPS plus restructuring expenses, net of tax impacts, plus the discrete non-cash tax adjustment in Latin America less U.S. tax legislation and other discrete items. In 2016 Adjusted continuing EPS is defined as GAAP continuing EPS plus restructuring expenses and a legal settlement, less the gain from the sale of the company’s remaining interest in Hussmann, net of tax impacts. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 3 and 4 of the news release.

Cash flow return on invested capital ("Cash flow ROIC") is defined as annual free cash flow divided by the sum of gross fixed assets, receivables and inventory less accounts payables.

Free cash flow in 2017 and 2016 is defined as net cash provided by operating activities, less capital expenditures, plus cash payments for restructuring. Please refer to the free cash flow reconciliation on table 9 of the news release.

Working capital measures a firm’s operating liquidity position and its overall effectiveness in managing the enterprises’ current accounts.

-- Working capital is calculated by adding net accounts and notes receivables and inventories and subtracting total current liabilities that exclude short term debt, dividend payables and income tax payables.

-- Working capital as a percent of revenue is calculated by dividing the working capital balance (e.g. as of December 31) by the annualized revenue for the period (e.g. reported revenues for the three months ended December 31) multiplied by 4 to annualize for a full year.

Adjusted effective tax rate for 2017 is defined as the ratio of income tax expense, plus or minus the tax effect of adjustments for restructuring costs and the discrete non-cash tax adjustment in Latin America, U.S. tax legislation and other discrete items, divided by earnings from continuing operations before income taxes plus restructuring expenses. Adjusted effective tax rate for 2016 is defined as the ratio of income tax expense, plus or minus the tax effect of adjustments for restructuring costs, a legal settlement and the gain on sale of Hussmann interest, divided by earnings from continuing operations before income taxes less the gain on sale of Hussmann interest plus restructuring expenses and a legal settlement. This measure allows for a direct comparison of the effective tax rate between periods.

*** Accounting for the Tax Effects of The Tax Cuts and Jobs Act

The Company has not completed the accounting for the tax effects of The Tax Cuts and Jobs Act (the Act); however, in accordance with Staff Accounting Bulletin No. 118 ("SAB 118"), the Company has made reasonable estimates of the effects the Act has on existing deferred tax balances, the tax owed on the one-time transition tax and the change in permanent reinvestment assertion related to unremitted earnings of certain foreign subsidiaries. In the aggregate, the Company recognized a provisional tax benefit for the above items of $21.0 million, which is included as a component of income tax expense from continuing operations. Any changes to these provisional amounts will be reported in the period in which the proper accounting under ASC 740 is complete but in no case will that period be longer than the one year measurement period from the enactment date of the Act as required by SAB 118.

                                                                                                                                                                                                                                                
                                                                                                                                                                                                                     INGERSOLL-RAND PLC
                                                                                                                                                                                                           Condensed Consolidated Income Statement
                                                                                                                                                                                                           (In millions, except per share amounts)
 
                                                                                                                                                                                                                          UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                   For the quarter                                                                                                                                                                            For the year
                                                                                                                                                                                 ended December 31,                                                                                                                                                                        ended December 31,
                                                                                                                  ------------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                         2017                                                                                         2016*                                                                                        2017                                                                                         2016*
                                                                                                                  ---------------------------------------------------                                          ---------------------------------------------------                                          ---------------------------------------------------                                          ---------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
Net revenues                                                                                                                         $  3,618.1                                                                                   $  3,358.8                                                                                   $ 14,197.6                                                                                   $ 13,508.9
                                                                                                                                                                                                                                                                                                                                                                                                          
Cost of goods sold                                                                                                                     (2,542.4 )                                                                                   (2,347.3 )                                                                                   (9,811.6 )                                                                                   (9,307.9 )
                                                                                                                                                                                                                                                                                                                                                                                                          
Selling & administrative expenses                                                                                     (689.0 )                                                                  (658.7 )                                                                (2,720.7 )                                                                (2,597.8 )
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
Operating income                                                                                                                          386.7                                                                                        352.8                                                                                      1,665.3                                                                                      1,603.2
                                                                                                                                                                                                                                                                                                                                                                                                          
Interest expense                                                                                                                          (53.9 )                                                                                      (53.8 )                                                                                     (215.8 )                                                                                     (221.5 )
                                                                                                                                                                                                                                                                                                                                                                                                          
Other income/(expense), net                                                                                             (7.8 )                                                                   (30.9 )                                                                   (31.6 )                                                                   359.6  
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
Earnings before income taxes                                                                                                              325.0                                                                                        268.1                                                                                      1,417.9                                                                                      1,741.3
                                                                                                                                                                                                                                                                                                                                                                                                          
Benefit (provision) for income taxes                                                                                   163.0                                                  (63.9 )                                                                   (80.2 )                                                                  (281.5 )
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
Earnings from continuing operations                                                                                                       488.0                                                                                        204.2                                                                                      1,337.7                                                                                      1,459.8
                                                                                                                                                                                                                                                                                                                                                                                                          
Discontinued operations, net of tax                                                                                    (30.8 )                                                                    (1.4 )                                                                   (25.4 )                                                                    32.9  
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
Net earnings                                                                                                                              457.2                                                                                        202.8                                                                                      1,312.3                                                                                      1,492.7
                                                                                                                                                                                                                                                                                                                                                                                                          
Less: Net earnings attributable to noncontrolling interests                                                              2.7                                                   (4.0 )                                                                    (9.7 )                                                                   (16.5 )
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                          
Net earnings attributable to Ingersoll-Rand plc                                                                                      $    459.9                                                                $    198.8                                                                $  1,302.6                                                                $  1,476.2  
                                                                                                                  ==================== ======== ====================                                           ==================== ======== ====================                                           ==================== ======== ====================                                           ==================== ======== ====================
                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                                          
Amounts attributable to Ingersoll-Rand plc
----------------------------------------------------------------------
                              ordinary shareholders:
                              -----------------------------------------
                                 Continuing operations                                                                               $    490.7                                                                                   $    200.2                                                                                   $  1,328.0                                                                                   $  1,443.3
                                 Discontinued operations                                                               (30.8 )                                                                    (1.4 )                                                                   (25.4 )                                                                    32.9  
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                 Net earnings                                                                                        $    459.9                                                                $    198.8                                                                $  1,302.6                                                                $  1,476.2  
                                                                                                                  ==================== ======== ====================                                           ==================== ======== ====================                                           ==================== ======== ====================                                           ==================== ======== ====================
                                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                                                                          
Diluted earnings per share attributable to
----------------------------------------------------------------------
                              Ingersoll-Rand plc ordinary shareholders:
                              -----------------------------------------
                                 Continuing operations                                                                               $     1.93                                                                                   $     0.76                                                                                   $     5.14                                                                                   $     5.52
                                 Discontinued operations                                                               (0.12 )                                                                   (0.01 )                                                                   (0.09 )                                                                    0.13  
                                                                                                                  -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                     $     1.81                                                                $     0.75                                                                $     5.05                                                                $     5.65  
                                                                                                                  ==================== ======== ====================                                           ==================== ======== ====================                                           ==================== ======== ====================                                           ==================== ======== ====================
                                                                                                                                                                                                                                                                                                                                                                                                          
Weighted-average number of common
                              shares outstanding:
                                 Diluted                                                                                                  253.9                                                                                        262.6                                                                                        258.1                                                                                        261.7
                                                                                                                                                                                                                                                                                                                                                                                                          
* Retrospectively restated for adoption of ASU 2017-07, see
Table 10 for additional information.
                                                                                                                                                                                                                                                           
 
                                                                                                                                                                                                        INGERSOLL-RAND PLC
                                                                                                                                                                                                          Business Review
                                                                                                                                                                                                 (In millions, except percentages)
                                                                                                                                                                                                   
                                                                                                                                                                                                             UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                          For the quarter                                                                                                                                                                           For the year
                                                                                                                                                        ended December 31,                                                                                                                                                                       ended December 31,
                                                                                          ----------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                 2017                                                                                       2016**                                                                                       2017                                                                                        2016**
                                                                                          --------------------------------------------------                                          --------------------------------------------------                                          ---------------------------------------------------                                          ---------------------------------------------------
Climate
----------------------------------------------
Net revenues                                                                                                 $ 2,760.2                                                                                   $ 2,558.6                                                                                   $ 11,167.5                                                                                   $ 10,545.0
Segment operating income *                                                                                       348.2                                                                                       348.8                                                                                      1,572.7                                                                                      1,537.5
                     and as a % of Net revenues                                                                   12.6 %                                                                                      13.6 %                                                                                       14.1 %                                                                                       14.6 %
                                                                                                                                                                                                                                                                                                                                                                                
Industrial
----------------------------------------------
Net revenues                                                                                                     857.9                                                                                       800.2                                                                                      3,030.1                                                                                      2,963.9
Segment operating income *                                                                                       110.6                                                                                        85.4                                                                                        357.6                                                                                        300.3
                     and as a % of Net revenues                                                                   12.9 %                                                                                      10.7 %                                                                                       11.8 %                                                                                       10.1 %
                                                                                                                                                                                                                                                                                                                                                                                
Unallocated corporate expense                                                                 (72.1 )                                                                  (81.4 )                                                                  (265.0 )                                                                  (234.6 )
                                                                                          -------------------- ------- --------------------                                           -------------------- ------- --------------------                                           -------------------- -------- --------------------                                           -------------------- -------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                
Total
----------------------------------------------
Net revenues                                                                                                 $ 3,618.1                                                                                   $ 3,358.8                                                                                   $ 14,197.6                                                                                   $ 13,508.9
Consolidated operating income                                                                                $   386.7                                                                $   352.8                                                                $  1,665.3                                                                $  1,603.2  
                                                                                          ==================== ======= ====================                                           ==================== ======= ====================                                           ==================== ======== ====================                                           ==================== ======== ====================
                     and as a % of Net revenues                                                                   10.7 %                                                                                      10.5 %                                                                                       11.7 %                                                                                       11.9 %
 
* Segment operating income is the measure of profit and loss that
the Company 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.
                                                                                                                                                                                                                                                                                                                                                                                
** Retrospectively restated for adoption of ASU 2017-07, see Table
10 for additional information.
 
                                                                                                                                                                                                                           
                                                                                                                                                                                                                                 INGERSOLL-RAND PLC
                                                                                                                                                                                                                         Reconciliation of GAAP to non-GAAP
                                                                                                                                                                                                                       (In millions, except per share amounts)
                                                                                                                                                                                                                                     UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
     
                                                                                                                                                                             For the quarter ended December 31, 2017                                                                                                                                                               For the year ended December 31, 2017
                                                                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------                                          ----------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                           As                                                                                                                                      As                                                      As                                                                                                                                            As
                                                                                                                        Reported                     Adjustments                    Adjusted                                                Reported                       Adjustments                        Adjusted
                                                                                                                     ---------------------------------- -------------------- ---------------------------------------------------------- -------------------- --------------                                          ----------------------------------- -------------------- ------------------------------------------------------------ -------------------- ---------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         Net revenues                                                                                 $ 3,618.1                                                                 $      -                                                      $ 3,618.1                                               $ 14,197.6                                                                 $      -                                                            $ 14,197.6
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         Operating income                                                                                 386.7                                                                     13.6     (a)                                                  400.3                                                  1,665.3                                                                     61.7     (a)                                                       1,727.0
                         Operating margin                                                                                  10.7 %                                                                                                                                  11.1 %                                                   11.7 %                                                                                                                                         12.2 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         Earnings from continuing operations
                            before income taxes                                                                           325.0                                                                     13.6     (a)                                                  338.6                                                  1,417.9                                                                     61.7     (a)                                                       1,479.6
                         Benefit (provision) for income taxes                                                             163.0                                                                   (236.7 )   (b,d)                                                (73.7 )                                                  (80.2 )                                                                 (218.4 )   (b,c,d)                                                    (298.6 )
                         Tax rate                                                                                         -50.2 %                                                                                                                                  21.8 %                                                    5.7 %                                                                                                                                         20.2 %
                         Earnings from continuing operations
                            attributable to Ingersoll-Rand plc                                                        $   490.7                                                                 $ (231.6 )   (f)                                              $   259.1                                               $  1,328.0                                                                 $ (165.2 )   (f)                                                    $  1,162.8
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         Diluted earnings per common share
                         -------------------------------------------------
                           Continuing operations                                                                      $    1.93                                                                 $  (0.91 )                                                    $    1.02                                               $     5.14                                                                 $  (0.63 )                                                          $     4.51
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         Weighted-average number of common
                           shares outstanding
                           Diluted                                                                                        253.9                                                                        -                                                          253.9                                                    258.1                                                                        -                                                                 258.1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         Detail of Adjustments:
                         -------------------------------------------------
 (a)                     Restructuring costs                                                                                                                                                    $   13.6                                                                                                                                                                                         $   61.7
 (b)                     Tax impact of adjustment (a)                                                                                                                                               (4.0 )                                                                                                                                                                                          (19.0 )
 (c)                     Latin American discrete non-cash tax adjustment                                                                                                                               -                                                                                                                                                                                             33.3
 (d)                     US tax legislation and other discrete items                                                                                                                              (232.7 )                                                                                                                                                                                         (232.7 )
 (e)                     US tax legislation impact on NCI                                                                                                                        (8.5 )                                                                                                                                                                        (8.5 )
                                                                                                                                                                             -------------------- ------ --                                                                                                                                                                   -------------------- ------ --
 (f)                     Impact of adjustments on earnings from continuing
                            operations attributable to Ingersoll-Rand plc                                                                                                                       $ (231.6 )                                                                                                                                                                                       $ (165.2 )
                                                                                                                                                                             ==================== ====== ==                                                                                                                                                                   ==================== ====== ==
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                         The Company reports its financial results in accordance with
                         generally accepted accounting principles in the United States
                         (GAAP). This supplemental schedule provides non-GAAP financial
                         information and a quantitative reconciliation of the difference
                         between the non-GAAP financial measures and the financial measures
                         calculated and reported in accordance with GAAP.
                          
                         The non-GAAP financial measures should be considered supplemental
                         to, not a substitute for or superior to, financial measures
                         calculated in accordance with GAAP. They have limitations in that
                         they do not reflect all of the costs associated with the
                         operations of our businesses as determined in accordance with
                         GAAP. In addition, these measures may not be comparable to
                         non-GAAP financial measures reported by other companies.
                          
                         We believe the non-GAAP financial information provides important
                         supplemental information to both management and investors
                         regarding financial and business trends used in assessing our
                         financial condition and results of operations.
                          
                         The non-GAAP financial measures associated with operating income
                         and margin, tax rate and EPS assist investors with analyzing our
                         business segment results as well as with predicting future
                         performance. In addition, these non-GAAP financial measures are
                         also reviewed by management in order to evaluate the financial
                         performance of each segment. They are the basis for performance
                         reviews, compensation and resource allocation. We believe that the
                         presentation of these non-GAAP financial measures will permit
                         investors to assess the performance of the Company on the same
                         basis as management.
                          
                         As a result, one should not consider these measures in isolation
                         or as a substitute for our results reported under GAAP. We
                         compensate for these limitations by analyzing results on a GAAP
                         basis as well as a non-GAAP basis, prominently disclosing GAAP
                         results and providing reconciliations from GAAP results to
                         non-GAAP results.
                          
                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                     INGERSOLL-RAND PLC
                                                                                                                                                                                                                                    Reconciliation of GAAP to non-GAAP
                                                                                                                                                                                                                                  (In millions, except per share amounts)
                                                                                                                                                                                                                                     UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
     
                                                                                                                                                                                      For the quarter ended December 31, 2016                                                                                                                                                                          For the year ended December 31, 2016
                                                                                                                     -------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                            As                                                                                                                                                        As                                                       As                                                                                                                                             As
                                                                                                                         Reported*                             Adjustments                             Adjusted                                                 Reported*                       Adjustments                        Adjusted
                                                                                                                     ------------------------------------ -------------------- --------------------------------------------------------------------------- -------------------- --------------                                          ------------------------------------- -------------------- ------------------------------------------------------------ -------------------- ---------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         Net revenues                                                                                  $ 3,358.8                                                                  $     -                                                                        $ 3,358.8                                                $ 13,508.9                                                                  $      -                                                            $ 13,508.9
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         Operating income                                                                                  352.8                                                                     14.7                       (a)                                                  367.5                                                   1,603.2                                                                      35.5     (a)                                                       1,638.7
                         Operating margin                                                                                   10.5 %                                                                                                                                                    10.9 %                                                    11.9 %                                                                                                                                          12.1 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         Earnings from continuing operations
                            before income taxes                                                                            268.1                                                                     31.1                       (a,c)                                                299.2                                                   1,741.3                                                                    (345.9 )   (a,b,c)                                                   1,395.4
                         Provision for income taxes                                                                        (63.9 )                                                                  (10.7 )                     (d)                                                  (74.6 )                                                  (281.5 )                                                                   (17.0 )   (d)                                                        (298.5 )
                         Tax rate                                                                                           23.8 %                                                                                                                                                    24.9 %                                                    16.2 %                                                                                                                                          21.4 %
                         Earnings from continuing operations
                            attributable to Ingersoll-Rand plc                                                         $   200.2                                                                  $  20.4                       (e)                                              $   220.6                                                $  1,443.3                                                                  $ (362.9 )   (e)                                                    $  1,080.4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         Diluted earnings per common share
                         -------------------------------------------------
                           Continuing operations                                                                       $    0.76                                                                  $  0.08                                                                        $    0.84                                                $     5.52                                                                  $  (1.39 )                                                          $     4.13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         Weighted-average number of common
                           shares outstanding
                           Diluted                                                                                         262.6                                                                        -                                                                            262.6                                                     261.7                                                                         -                                                                 261.7
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         Detail of Adjustments:
                         -------------------------------------------------
 (a)                     Restructuring costs                                                                                                                                                      $  14.7                                                                                                                                                                                                             $   35.5
 (b)                     Hussmann Gain                                                                                                                                                                  -                                                                                                                                                                                                               (397.8 )
 (c)                     Legal Settlement                                                                                                                                                            16.4                                                                                                                                                                                                                 16.4
 (d)                     Tax impact of adjustments a, b and c                                                                                                                    (10.7 )                                                                                                                                                                                           (17.0 )
                                                                                                                                                                               -------------------- ----- --------------------                                                                                                                                                                     -------------------- ------ --
 (e)                     Impact of adjustments on earnings from continuing
                            operations attributable to Ingersoll-Rand plc                                                                                                                         $  20.4                                                                                                                                                                                          $ (362.9 )
                                                                                                                                                                               ==================== ===== ====================                                                                                                                                                                     ==================== ====== ==
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
* Retrospectively restated for adoption of ASU 2017-07, see
Table 10 for additional information.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                         The Company reports its financial results in accordance with
                         generally accepted accounting principles in the United States
                         (GAAP). This supplemental schedule provides non-GAAP financial
                         information and a quantitative reconciliation of the difference
                         between the non-GAAP financial measures and the financial measures
                         calculated and reported in accordance with GAAP.
                          
                         The non-GAAP financial measures should be considered supplemental
                         to, not a substitute for or superior to, financial measures
                         calculated in accordance with GAAP. They have limitations in that
                         they do not reflect all of the costs associated with the
                         operations of our businesses as determined in accordance with
                         GAAP. In addition, these measures may not be comparable to
                         non-GAAP financial measures reported by other companies.
                          
                         We believe the non-GAAP financial information provides important
                         supplemental information to both management and investors
                         regarding financial and business trends used in assessing our
                         financial condition and results of operations.
                          
                         The non-GAAP financial measures associated with operating income
                         and margin, tax rate and EPS assist investors with analyzing our
                         business segment results as well as with predicting future
                         performance. In addition, these non-GAAP financial measures are
                         also reviewed by management in order to evaluate the financial
                         performance of each segment. They are the basis for performance
                         reviews, compensation and resource allocation. We believe that the
                         presentation of these non-GAAP financial measures will permit
                         investors to assess the performance of the Company on the same
                         basis as management.
                          
                         As a result, one should not consider these measures in isolation
                         or as a substitute for our results reported under GAAP. We
                         compensate for these limitations by analyzing results on a GAAP
                         basis as well as a non-GAAP basis, prominently disclosing GAAP
                         results and providing reconciliations from GAAP results to
                         non-GAAP results.
                          
                                                                                                                                                                                    
                                                                                                                                                                        INGERSOLL-RAND PLC
                                                                                                                                                                Reconciliation of GAAP to non-GAAP
                                                                                                                                                                           (In millions)
                                                                                                                                                                             UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
                                                                                                                                  For the quarter ended December 31, 2017                                                                                                            For the quarter ended December 31, 2016*
                                                                                                   ----------------------------------------------------------------------------------------------------                                          -----------------------------------------------------------------------------------------------------------------
                                                                                                                       As Reported                                                              Margin                                                               As Reported                                                                    Margin
                                                                                                   --------------------------------------------------                                          --------                                          --------------------------------------------------                                          ---------------------
                     Climate
                     Net revenues                                                                                     $ 2,760.2                                                                                                                                     $ 2,558.6
                                                                                                                                                                                                                                                                                                                                              
                     Segment operating income                                                                         $   348.2                                                                 12.6 %                                                              $   348.8                                                                      13.6 %
                     Restructuring                                                                       7.1                                               0.3 %                                                 0.9                                                    0.1 %
                                                                                                   -------------------- ------- --------------------                                           ----- -                                           -------------------- ------- --------------------                                           ---------- ---------
                     Adjusted operating income                                                                            355.3                                                                 12.9 %                                                                  349.7                                                                      13.7 %
                     Depreciation and amortization                                                      63.2                                               2.3 %                                                55.9                                                    2.2 %
                                                                                                   -------------------- ------- --------------------                                           ----- -                                           -------------------- ------- --------------------                                           ---------- ---------
                     Adjusted OI plus D&A                                                                             $   418.5                                              15.2 %                                                              $   405.6                                                   15.9 %
                                                                                                   ==================== ======= ====================                                           ===== =                                           ==================== ======= ====================                                           ========== =========
                                                                                                                                                                                                                                                                                                                                              
                     Industrial
                     Net revenues                                                                                     $   857.9                                                                                                                                     $   800.2
                                                                                                                                                                                                                                                                                                                                              
                     Segment operating income                                                                         $   110.6                                                                 12.9 %                                                              $    85.4                                                                      10.7 %
                     Restructuring                                                                       2.6                                               0.3 %                                                 7.4                                                    0.9 %
                                                                                                   -------------------- ------- --------------------                                           ----- -                                           -------------------- ------- --------------------                                           ---------- ---------
                     Adjusted operating income                                                                            113.2                                                                 13.2 %                                                                   92.8                                                                      11.6 %
                     Depreciation and amortization                                                      20.5                                               2.4 %                                                16.8                                                    2.1 %
                                                                                                   -------------------- ------- --------------------                                           ----- -                                           -------------------- ------- --------------------                                           ---------- ---------
                     Adjusted OI plus D&A                                                                             $   133.7                                              15.6 %                                                              $   109.6                                                   13.7 %
                                                                                                   ==================== ======= ====================                                           ===== =                                           ==================== ======= ====================                                           ========== =========
                                                                                                                                                                                                                                                                                                                                              
                     Corporate
                     Unallocated corporate expense                                                                    $   (72.1 )                                                                                                                                   $   (81.4 )
                     Restructuring                                                                       3.9                                                                                                     6.4  
                                                                                                   -------------------- ------- --------------------                                                                                             -------------------- ------- --------------------
                     Adjusted corporate expense                                                                           (68.2 )                                                                                                                                       (75.0 )
                     Depreciation and amortization                                                       7.7                                                                                                    14.8  
                                                                                                   -------------------- ------- --------------------                                                                                             -------------------- ------- --------------------
                     Adjusted corporate expense plus D&A                                                              $   (60.5 )                                                                                                                                   $   (60.2 )
                                                                                                   ==================== ======= ====================                                                                                             ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                              
                     Total Company
                     Net revenues                                                                                     $ 3,618.1                                                                                                                                     $ 3,358.8
                                                                                                                                                                                                                                                                                                                                              
                     Operating income                                                                                 $   386.7                                                                 10.7 %                                                              $   352.8                                                                      10.5 %
                     Restructuring                                                                      13.6                                               0.4 %                                                14.7                                                    0.4 %
                                                                                                   -------------------- ------- --------------------                                           ----- -                                           -------------------- ------- --------------------                                           ---------- ---------
                     Adjusted operating income                                                                            400.3                                                                 11.1 %                                                                  367.5                                                                      10.9 %
                     Depreciation and amortization                                                      91.4                                               2.5 %                                                87.5                                                    2.6 %
                                                                                                   -------------------- ------- --------------------                                           ----- -                                           -------------------- ------- --------------------                                           ---------- ---------
                     Adjusted OI plus D&A                                                                             $   491.7                                              13.6 %                                                              $   455.0                                                   13.5 %
                                                                                                   ==================== ======= ====================                                           ===== =                                           ==================== ======= ====================                                           ========== =========
                                                                                                                                                                                                                                                                                                                                              
                     * Retrospectively restated for adoption of ASU 2017-07, see
                     Table 10 for additional information.
                                                                                                                                                                                                                                                                                                                                              
                     The Company reports its financial results in accordance with
                     generally accepted accounting principles in the United States
                     (GAAP). This supplemental schedule provides non-GAAP financial
                     information and a quantitative reconciliation of the difference
                     between the non-GAAP financial measures and the financial measures
                     calculated and reported in accordance with GAAP.
                                                                                                                                                                                                                                                                                                                                              
                     The non-GAAP financial measures should be considered supplemental
                     to, not a substitute for or superior to, financial measures
                     calculated in accordance with GAAP. They have limitations in that
                     they do not reflect all of the costs associated with the operations
                     of our businesses as determined in accordance with GAAP. In
                     addition, these measures may not be comparable to non-GAAP financial
                     measures reported by other companies.
                                                                                                                                                                                                                                                                                                                                              
                     We believe the non-GAAP financial information provides important
                     supplemental information to both management and investors regarding
                     financial and business trends used in assessing our financial
                     condition and results of operations.
                                                                                                                                                                                                                                                                                                                                              
                     The non-GAAP financial measures of adjusted operating income, plus
                     depreciation and amortization, adjusted corporate expense, plus
                     depreciation and amortization, and related margins assist investors
                     with analyzing our business segment results as well as with
                     predicting future performance. In addition, these non-GAAP financial
                     measures are also reviewed by management in order to evaluate the
                     financial performance of each segment. They are the basis for
                     performance reviews, compensation and resource allocation. We
                     believe that the presentation of these non-GAAP financial measures
                     will permit investors to assess the performance of the Company on
                     the same basis as management.
                                                                                                                                                                                                                                                                                                                                              
                     As a result, one should not consider these measures in isolation or
                     as a substitute for our results reported under GAAP. We compensate
                     for these limitations by analyzing results on a GAAP basis as well
                     as a non-GAAP basis, prominently disclosing GAAP results and
                     providing reconciliations from GAAP results to non-GAAP results.
                      
                                                                                                                                                                                      
                                                                                                                                                                         INGERSOLL-RAND PLC
                                                                                                                                                                 Reconciliation of GAAP to non-GAAP
                                                                                                                                                                            (In millions)
                                                                                                                                                                              UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
                                                                                                                                   For the year ended December 31, 2017                                                                                                                  For the year ended December 31, 2016*
                                                                                                   -----------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------
                                                                                                                       As Reported                                                               Margin                                                               As Reported                                                                     Margin
                                                                                                   ---------------------------------------------------                                          --------                                          ---------------------------------------------------                                          ---------------------
                     Climate
                     Net revenues                                                                                     $ 11,167.5                                                                                                                                     $ 10,545.0
                                                                                                                                                                                                                                                                                                                                                
                     Segment operating income                                                                         $  1,572.7                                                                 14.1 %                                                              $  1,537.5                                                                      14.6 %
                     Restructuring                                                                       42.3                                               0.4 %                                                  6.2                                                    0.0 %
                                                                                                   -------------------- -------- --------------------                                           ----- -                                           -------------------- -------- --------------------                                           ---------- ---------
                     Adjusted operating income                                                                           1,615.0                                                                 14.5 %                                                                 1,543.7                                                                      14.6 %
                     Depreciation and amortization                                                      247.6                                               2.2 %                                                225.2                                                    2.1 %
                                                                                                   -------------------- -------- --------------------                                           ----- -                                           -------------------- -------- --------------------                                           ---------- ---------
                     Adjusted OI plus D&A                                                                             $  1,862.6                                              16.7 %                                                              $  1,768.9                                                   16.7 %
                                                                                                   ==================== ======== ====================                                           ===== =                                           ==================== ======== ====================                                           ========== =========
                                                                                                                                                                                                                                                                                                                                                
                     Industrial
                     Net revenues                                                                                     $  3,030.1                                                                                                                                     $  2,963.9
                                                                                                                                                                                                                                                                                                                                                
                     Segment operating income                                                                         $    357.6                                                                 11.8 %                                                              $    300.3                                                                      10.1 %
                     Restructuring                                                                       14.5                                               0.5 %                                                 20.5                                                    0.7 %
                                                                                                   -------------------- -------- --------------------                                           ----- -                                           -------------------- -------- --------------------                                           ---------- ---------
                     Adjusted operating income                                                                             372.1                                                                 12.3 %                                                                   320.8                                                                      10.8 %
                     Depreciation and amortization                                                       77.3                                               2.5 %                                                 67.2                                                    2.3 %
                                                                                                   -------------------- -------- --------------------                                           ----- -                                           -------------------- -------- --------------------                                           ---------- ---------
                     Adjusted OI plus D&A                                                                             $    449.4                                              14.8 %                                                              $    388.0                                                   13.1 %
                                                                                                   ==================== ======== ====================                                           ===== =                                           ==================== ======== ====================                                           ========== =========
                                                                                                                                                                                                                                                                                                                                                
                     Corporate
                     Unallocated corporate expense                                                                    $   (265.0 )                                                                                                                                   $   (234.6 )
                     Restructuring                                                                        4.9                                                                                                      8.8  
                                                                                                   -------------------- -------- --------------------                                                                                             -------------------- -------- --------------------
                     Adjusted corporate expense                                                                           (260.1 )                                                                                                                                       (225.8 )
                     Depreciation and amortization                                                       28.4                                                                                                     59.8  
                                                                                                   -------------------- -------- --------------------                                                                                             -------------------- -------- --------------------
                     Adjusted corporate expense plus D&A                                                              $   (231.7 )                                                                                                                                   $   (166.0 )
                                                                                                   ==================== ======== ====================                                                                                             ==================== ======== ====================
                                                                                                                                                                                                                                                                                                                                                
                     Total Company
                     Net revenues                                                                                     $ 14,197.6                                                                                                                                     $ 13,508.9
                                                                                                                                                                                                                                                                                                                                                
                     Operating income                                                                                 $  1,665.3                                                                 11.7 %                                                              $  1,603.2                                                                      11.9 %
                     Restructuring                                                                       61.7                                               0.5 %                                                 35.5                                                    0.2 %
                                                                                                   -------------------- -------- --------------------                                           ----- -                                           -------------------- -------- --------------------                                           ---------- ---------
                     Adjusted operating income                                                                           1,727.0                                                                 12.2 %                                                                 1,638.7                                                                      12.1 %
                     Depreciation and amortization                                                      353.3                                               2.5 %                                                352.2                                                    2.6 %
                                                                                                   -------------------- -------- --------------------                                           ----- -                                           -------------------- -------- --------------------                                           ---------- ---------
                     Adjusted OI plus D&A                                                                             $  2,080.3                                              14.7 %                                                              $  1,990.9                                                   14.7 %
                                                                                                   ==================== ======== ====================                                           ===== =                                           ==================== ======== ====================                                           ========== =========
                                                                                                                                                                                                                                                                                                                                                
                     * Retrospectively restated for adoption of ASU 2017-07, see
                     Table 10 for additional information.
                                                                                                                                                                                                                                                                                                                                                
                     The Company reports its financial results in accordance with
                     generally accepted accounting principles in the United States
                     (GAAP). This supplemental schedule provides non-GAAP financial
                     information and a quantitative reconciliation of the difference
                     between the non-GAAP financial measures and the financial measures
                     calculated and reported in accordance with GAAP.
                                                                                                                                                                                                                                                                                                                                                
                     The non-GAAP financial measures should be considered supplemental
                     to, not a substitute for or superior to, financial measures
                     calculated in accordance with GAAP. They have limitations in that
                     they do not reflect all of the costs associated with the operations
                     of our businesses as determined in accordance with GAAP. In
                     addition, these measures may not be comparable to non-GAAP financial
                     measures reported by other companies.
                                                                                                                                                                                                                                                                                                                                                
                     We believe the non-GAAP financial information provides important
                     supplemental information to both management and investors regarding
                     financial and business trends used in assessing our financial
                     condition and results of operations.
                                                                                                                                                                                                                                                                                                                                                
                     The non-GAAP financial measures of adjusted operating income, plus
                     depreciation and amortization, adjusted corporate expense, plus
                     depreciation and amortization, and related margins assist investors
                     with analyzing our business segment results as well as with
                     predicting future performance. In addition, these non-GAAP financial
                     measures are also reviewed by management in order to evaluate the
                     financial performance of each segment. They are the basis for
                     performance reviews, compensation and resource allocation. We
                     believe that the presentation of these non-GAAP financial measures
                     will permit investors to assess the performance of the Company on
                     the same basis as management.
                                                                                                                                                                                                                                                                                                                                                
                     As a result, one should not consider these measures in isolation or
                     as a substitute for our results reported under GAAP. We compensate
                     for these limitations by analyzing results on a GAAP basis as well
                     as a non-GAAP basis, prominently disclosing GAAP results and
                     providing reconciliations from GAAP results to non-GAAP results.
                                                                                                                                                                                                         
                                                                                                                         
                                                                                                          INGERSOLL-RAND PLC
                                                                                                 Condensed Consolidated Balance Sheets
                                                                                                             (In millions)
 
 
                                                                                                 December 31,                                                             December 31,
                                                                                                                                           2017                                                                     2016
                                                                                                                              ------------------------------                                          --------------------------------
ASSETS                                                                                                                                   UNAUDITED
                                                                                                                              ----------------------------
                     Cash and cash equivalents                                                                                                   $  1,549.4                                                              $    1,714.7
                     Accounts and notes receivable, net                                                                                             2,477.4                                                                   2,223.0
                     Inventories, net                                                                                                               1,555.4                                                                   1,385.8
                     Other current assets                                                                                          536.9                                                  255.8
                                                                                                                              -------------------- --------                                           -------------------- ----------
                                          Total current assets                                                                                      6,119.1                                                                   5,579.3
                     Property, plant and equipment, net                                                                                             1,551.3                                                                   1,511.0
                     Goodwill                                                                                                                       5,935.7                                                                   5,658.4
                     Intangible assets, net                                                                                                         3,742.9                                                                   3,785.1
                     Other noncurrent assets                                                                                       824.3                                                  863.6
                                                                                                                              -------------------- --------                                           -------------------- ----------
                                          Total assets                                                                                           $ 18,173.3                                                              $   17,397.4
                                                                                                                              ==================== ========                                           ==================== ==========
                                                                                                                                                                                                       
LIABILITIES AND EQUITY
                     Accounts payable                                                                                                            $  1,556.1                                                              $    1,334.0
                     Accrued expenses and other current liabilities                                                                                 2,164.9                                                                   1,895.5
                     Short-term borrowings and current maturities of long-term debt                                              1,107.0                                                  360.8
                                                                                                                              -------------------- --------                                           -------------------- ----------
                                          Total current liabilities                                                                                 4,828.0                                                                   3,590.3
                     Long-term debt                                                                                                                 2,957.0                                                                   3,709.4
                     Other noncurrent liabilities                                                                                                   3,181.4                                                                   3,379.4
                     Shareholders’ Equity                                                                                        7,206.9                                                6,718.3
                                                                                                                              -------------------- --------                                           -------------------- ----------
                                          Total liabilities and equity                                                                           $ 18,173.3                                                              $   17,397.4
                                                                                                                              ==================== ========                                           ==================== ==========
                                                                                                                                                                                                       
                                                                                                                                                                                  
                                                                                                                                               INGERSOLL-RAND PLC
                                                                                                                                 Condensed Consolidated Statement of Cash Flows
                                                                                                                                                  (In millions)
   
                                                                                                                                                    UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                   For the year
                                                                                                                                                                                                                                ended December 31,
                                                                                                                                                                  -----------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                         2017                                                                                         2016*
                                                                                                                                                                  ---------------------------------------------------                                          --------------------------------------------------
Operating Activities
                     Earnings from continuing operations                                                                                                                             $  1,337.7                                                                                   $ 1,459.8
                     Depreciation and amortization                                                                                                                                        353.3                                                                                       352.2
                     Changes in assets and liabilities and other non-cash items                                                                                       (129.4 )                                                                 (379.0 )
                                                                                                                                                                  -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                       Net cash provided by continuing operating activities                                                                             1,561.6                                                                                     1,433.0
                                                       Net cash provided by (used in) discontinued operating activities                                                (38.1 )                                                                   88.9  
                                                                                                                                                                  -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                       Net cash provided by operating activities                                                                                        1,523.5                                                                                     1,521.9
                                                                                                                                                                                                                                                                
Investing Activities
                     Capital expenditures                                                                                                                                                (221.3 )                                                                                    (182.7 )
                     Acquisition of businesses, sale of equity investment and other, net                                                                              (153.4 )                                                                  422.8  
                                                                                                                                                                  -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                       Net cash provided by (used in) investing activities                                                                               (374.7 )                                                                                     240.1
                                                                                                                                                                                                                                                                
Financing Activities
                     Short-term borrowings (payments), net                                                                                                                                (11.7 )                                                                                    (150.7 )
                     Dividends paid to ordinary shareholders                                                                                                                             (430.1 )                                                                                    (348.6 )
                     Repurchase of ordinary shares                                                                                                                                     (1,016.9 )                                                                                    (250.1 )
                     Other financing activities, net                                                                                                                    26.2                                                  22.5  
                                                                                                                                                                  -------------------- -------- --------------------                                           -------------------- ------- --------------------
                                                       Net cash used in financing activities                                                                                           (1,432.5 )                                                                                    (726.9 )
                                                                                                                                                                                                                                                                
Effect of exchange rate changes on cash and cash equivalents                                                                                                           118.4                                                 (57.2 )
                                                                                                                                                                  -------------------- -------- --------------------                                           -------------------- ------- --------------------
Net increase (decrease) in cash and cash equivalents                                                                                                                                     (165.3 )                                                                                     977.9
Cash and cash equivalents - beginning of period                                                                                                                      1,714.7                                                 736.8  
                                                                                                                                                                  -------------------- -------- --------------------                                           -------------------- ------- --------------------
Cash and cash equivalents - end of period                                                                                                                                            $  1,549.4                                                                $ 1,714.7  
                                                                                                                                                                  ==================== ======== ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                
* Retrospectively restated for the adoption of ASU 2016-09 on
January 1, 2017, the impact of which resulted in an improvement to
cash flow provided by operating activities with a corresponding
reduction to cash flow used in financing activities of $21.7 million.
 
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                         INGERSOLL-RAND PLC
                                                                                                                                                                                              Balance Sheet Metrics and Free Cash Flow
                                                                                                                                                                                                           ($ in millions)
                                                                                                                                                                                                              UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
     
                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                         December 31,                                                                                December 31,
                                                                                                                                                                                                                                                                                      --------------------------------------------------                                          --------------------------------------------------
                                                                                                                                                                                                                                                                                                             2017                                                                                        2016*
                                                                                                                                                                                                                                                                                      --------------------------------------------------                                          --------------------------------------------------
                         Net Receivables                                                                                                                                                                                                                                                                 $   2,477                                                                                   $   2,223
                            Days Sales Outstanding                                                                                                                                                                                                                                                            62.5                                                                                        60.4
                                                                                                                                                                                                                                                                                                                                                                                   
                         Net Inventory                                                                                                                                                                                                                                                                   $   1,555                                                                                   $   1,386
                            Inventory Turns                                                                                                                                                                                                                                                                    6.5                                                                                         6.8
                                                                                                                                                                                                                                                                                                                                                                                   
                         Accounts Payable                                                                                                                                                                                                                                                                $   1,556                                                                                   $   1,334
                            Days Payable Outstanding                                                                                                                                                                                                                                                          55.8                                                                                        51.9
                                                                                                                                                                  
                         ---------------------------------------------- -------------------- -------------------- ----------------------------------------------------------------------- ---------------------------------------------------------------------- -------------------- ---------------------------------------------------------------------- -------------------- --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                         Forecast (b)                                                                                                                                                                                          
                                                                                                                                                                      For the year ending                                                                                                                 Year ended                                                                                  Year ended
                                                                                                                                                                       December 31, 2018                                                                                                               December 31, 2017                                                                          December 31, 2016**
                                                                                                                  --------------------------------------------------------------------------------------------------------------------------                                          --------------------------------------------------                                          --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                   
                         Cash flow provided by operating activities (a)                                                              $  1,445.0                                -                             $ 1,545.0                                                                                   $ 1,523.5                                                                                   $ 1,521.9
                         Capital expenditures                                                                                            (300.0 )                              -                                (300.0 )                                                                                    (221.3 )                                                                                    (182.7 )
                         Cash payment for restructuring                                                                 55.0             -               55.0                                                  38.1                                                  27.5  
                                                                                                                  -------------------- -------- -------------------- -------------------- -------------------- ------- --------------------                                           -------------------- ------- --------------------                                           -------------------- ------- --------------------
                         Free cash flow                                                                                              $  1,200.0             -                             $ 1,300.0                                                                $ 1,340.3                                                                $ 1,366.7  
                                                                                                                  ==================== ======== ==================== ==================== ==================== ======= ====================                                           ==================== ======= ====================                                           ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                   
                         Adjusted earnings from continuing operations attributable to                                                                                                                                                                                                                    $ 1,162.8                                                                                   $ 1,080.4
                         Ingersoll-Rand plc
                         Discontinued operations, net of tax                                                                                                                                                                                                                              (25.4 )                                                                   32.9  
                                                                                                                                                                                                                                                                                      -------------------- ------- --------------------                                           -------------------- ------- --------------------
                         Adjusted net earnings                                                                                                                                                                                                                                                           $ 1,137.4                                                                $ 1,113.3  
                                                                                                                                                                                                                                                                                      ==================== ======= ====================                                           ==================== ======= ====================
                         Free cash flow as a percent of adjusted net earnings                                                                                                                                                                                                                                  118 %                                                                                       123 %
                                                                                                                                                                                                                                                                                                                                                                                   
(a)                      Includes both continuing and discontinued operations.
(b)                      Amounts are approximate.
                                                                                                                                                                                                                                                                                                                                                                                   
  *                      Retrospectively restated for adoption of ASU 2017-07, see Table 10
                         for additional information.
 **                      Retrospectively restated for the adoption of ASU 2016-09 on January
                         1, 2017, the impact of which resulted in an improvement to cash flow
                         provided by operating activities of $21.7 million.
                                                                                                                                                                                                                                                                                                                                                                                   
                         The Company reports its financial results in accordance with
                         generally accepted accounting principles in the United States
                         (GAAP). This supplemental schedule provides non-GAAP financial
                         information and a quantitative reconciliation of the difference
                         between the non-GAAP financial measure and the financial measure
                         calculated and reported in accordance with GAAP.
                                                                                                                                                                                                                                                                                                                                                                                   
                         The non-GAAP financial measure should be considered supplemental to,
                         not a substitute for or superior to, the financial measure
                         calculated in accordance with GAAP. It has limitations in that it
                         does not reflect all of the costs associated with the operations of
                         our businesses as determined in accordance with GAAP. In addition,
                         this measure may not be comparable to non-GAAP financial measures
                         reported by other companies.
                                                                                                                                                                                                                                                                                                                                                                                   
                         We believe the non-GAAP financial information provides important
                         supplemental information to both management and investors regarding
                         financial and business trends used in assessing our financial
                         condition and cash flow.
                                                                                                                                                                                                                                                                                                                                                                                   
                         The non-GAAP financial measure of free cash flow assists investors
                         with analyzing our business results as well as with predicting
                         future performance. In addition, this non-GAAP financial measure is
                         reviewed by management in order to evaluate the financial
                         performance of each segment as well as the Company as a whole. It is
                         the basis for performance reviews, compensation and resource
                         allocation. We believe that the presentation of this non-GAAP
                         financial measure will permit investors to assess the performance of
                         the Company on the same basis as management.
                                                                                                                                                                                                                                                                                                                                                                                   
                         As a result, one should not consider this measure in isolation or as
                         a substitute for our results reported under GAAP. We compensate for
                         these limitations by analyzing results on a GAAP basis as well as a
                         non-GAAP basis, prominently disclosing GAAP results and providing
                         reconciliations from GAAP results to non-GAAP results.
                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                     INGERSOLL-RAND PLC
                                                                                                                                                                                                                                     Impact for the adoption of ASU 2017-07 (1)
                                                                                                                                                                                                                                     (In millions)
 
                                                                                                                                                                                                                                     UNAUDITED
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                     For the quarter                                                                                                                                                                                                                                                               For the quarter
                                                                                                                                                                                 ended December 31, 2017                                                                                                                                                                                                                                                       ended December 31, 2016
                                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                               Cost of                                                                                  Selling &                                                                                   Total                                                                                    Cost of                                                                                 Selling &                                                                                   Total
                                                                                             goods sold                                                                              administrative                                                                                                                                                                        goods sold                                                                             administrative
                                                                                                                                                                                        expenses                                                                                                                                                                                                                                                                     expenses
                                                                          ---------------------------------------------                                             ---------------------------------------------                                             ---------------------------------------------                                             ---------------------------------------------                                             --------------------------------------------                                             ----------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Climate                     (2)                                                              $   1.5                                                                                   $   2.2                                                                                   $   3.7                                                                                   $   0.7                                                                                   $  0.8                                                                                   $    1.5
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Industrial                                                                                       0.3                                                                                       0.8                                                                                       1.1                                                                                       0.4                                                                                      0.8                                                                                        1.2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Unallocated corporate                                                         3.9                                                 0.6                                                 4.5                                                 2.9                                                0.3                                                  3.2  
                                                                          -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ---- --------------------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Operating Income                                                                                 5.7                                                                                       3.6                                                                                       9.3                                                                                       4.0                                                                                      1.9                                                                                        5.9
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Other income/(expense), net                                                  (5.7 )                                                                 (3.6 )                                                                 (9.3 )                                                                 (4.0 )                                                                (1.9 )                                                                  (5.9 )
                                                                          -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ---- --------------------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Earnings before income taxes                                                                 $     -                                                                $     -                                                                $     -                                                                $     -                                                                $    -                                                                $      -  
                                                                          ==================== ===== ====================                                           ==================== ===== ====================                                           ==================== ===== ====================                                           ==================== ===== ====================                                           ==================== ==== ====================                                           ==================== ====== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                      For the year                                                                                                                                                                                                                                                                  For the year
                                                                                                                                                                                 ended December 31, 2017                                                                                                                                                                                                                                                       ended December 31, 2016
                                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                               Cost of                                                                                  Selling &                                                                                   Total                                                                                    Cost of                                                                                 Selling &                                                                                   Total
                                                                                             goods sold                                                                              administrative                                                                                                                                                                        goods sold                                                                             administrative
                                                                                                                                                                                        expenses                                                                                                                                                                                                                                                                     expenses
                                                                          ---------------------------------------------                                             ---------------------------------------------                                             ---------------------------------------------                                             ---------------------------------------------                                             --------------------------------------------                                             ----------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Climate                     (3)                                                              $   7.9                                                                                   $   5.7                                                                                   $  13.6                                                                                   $   6.4                                                                                   $  3.7                                                                                   $   10.1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Industrial                                                                                       1.4                                                                                       3.3                                                                                       4.7                                                                                       1.9                                                                                      3.5                                                                                        5.4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Unallocated corporate                                                        11.4                                                 1.3                                                12.7                                                13.1                                                1.5                                                 14.6  
                                                                          -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ---- --------------------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Operating Income                                                                                20.7                                                                                      10.3                                                                                      31.0                                                                                      21.4                                                                                      8.7                                                                                       30.1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Other income/(expense), net                                                 (20.7 )                                                                (10.3 )                                                                (31.0 )                                                                (21.4 )                                                                (8.7 )                                                                 (30.1 )
                                                                          -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ----- --------------------                                           -------------------- ---- --------------------                                           -------------------- ------ --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Earnings before income taxes                                                                 $     -                                                                $     -                                                                $     -                                                                $     -                                                                $    -                                                                $      -  
                                                                          ==================== ===== ====================                                           ==================== ===== ====================                                           ==================== ===== ====================                                           ==================== ===== ====================                                           ==================== ==== ====================                                           ==================== ====== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
(1) The Company adopted ASU 2017-07, Improving the Presentation of
Net Periodic Pension Cost and Net Periodic Postretirement Benefit
Cost, on January 1, 2017. This adoption requires that components of
net periodic pension and postretirement benefit cost other than the
service cost component be included in the line item "Other
income/(expense), net" in the income statement.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
(2) Amounts recorded within the 2017 Selling and Administrative
Expense account of Climate contain a settlement loss of $1.1 million
associated with lump sum distributions of a non-U.S. defined pension
plan.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
(3) Amounts recorded within the 2017 Cost of Goods Sold account of
Climate contain a non-cash pension curtailment loss of $2.3 million
associated with a certain defined benefit plan freeze that is
effective January 1, 2022 and a settlement loss of $2.8 million
associated with lump sum distributions of a non-U.S. defined pension
plan.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20180131005486r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20180131005486/en/

SOURCE: Ingersoll-Rand plc

Ingersoll-Rand plc 
Media: 
Perri Richman, 732-652-6943 
prichman@irco.com 
or 
Investors: 
Zac Nagle, 704-990-3001 
InvestorRelations@irco.com


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