Published
{
"ticker": "TT",
"cik": "0001466258",
"company": "Trane Technologies plc",
"business_type": "industrial",
"schema_template": "standard industrial: income statement, balance sheet, cash flow, with reportable-segment revenue and Segment Adjusted Operating Income",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual US dollars (not millions); share counts in actual shares; per-share amounts in dollars per ordinary share",
"sign_convention": "Costs, expenses, taxes, earnings attributable to noncontrolling interests and cash outflows (capital expenditures, acquisitions, dividends paid, share repurchases) are stored as positive amounts. Other income/(expense), discontinued operations and the net investing and financing cash flow totals keep the sign the filing prints (negative means expense or outflow).",
"units_notes_seen": {
"FY2025 10-K Consolidated Statements of Earnings": "In millions, except per share amounts",
"FY2025 10-K Consolidated Balance Sheets": "In millions, except share amounts",
"FY2025 10-K Consolidated Statements of Cash Flows": "In millions",
"FY2025 10-K Note 18, Earnings Per Share": "In millions (share counts); dividends declared per ordinary share printed in dollars",
"FY2025 10-K Note 19, Business Segment Information": "In millions",
"Q2 FY2026 10-Q Condensed Consolidated Statements of Earnings": "In millions, except per share amounts",
"Q2 FY2026 10-Q Condensed Consolidated Balance Sheets": "In millions",
"Q2 FY2026 10-Q Condensed Consolidated Statements of Cash Flows": "In millions",
"Q2 FY2026 10-Q Note 16, Earnings Per Share": "In millions, except per share amounts",
"Q2 FY2026 10-Q Note 17, Business Segment Information": "In millions"
},
"adjustments": {
"splits_applied": [],
"splits_note": "No share split or similar share adjustment affects the periods covered here (2023 through June 2026). Every per-share figure is as the filings print it.",
"adr_ratio": null,
"adr_note": "Trane Technologies ordinary shares trade directly on the New York Stock Exchange; they are not American Depositary Shares, so no ratio applies.",
"fx": "None. The company reports in US dollars."
},
"line_item_definitions": {
"net_revenue": "Net revenues: the statement's top line (products plus services).",
"cost_of_revenue": "In the 10-Q this is the printed line 'Cost of goods sold'. In the 10-K the company prints cost of products sold and cost of services sold separately; cost_of_revenue for the fiscal years is their sum.",
"gross_profit": "Net revenue less cost of revenue. The company does not print a gross profit line; this figure is computed from the two printed lines.",
"net_income": "Net earnings attributable to Trane Technologies plc (after noncontrolling interests, including discontinued operations). This is the numerator of the company's earnings per share.",
"net_earnings_including_noncontrolling_interests": "Net earnings before deducting the share attributable to noncontrolling interests.",
"continuing_operations_earnings_attributable_to_trane": "Earnings from continuing operations attributable to Trane Technologies plc ordinary shareholders.",
"diluted_eps": "Diluted earnings per share on net earnings attributable to Trane Technologies plc (continuing plus discontinued operations).",
"diluted_eps_continuing_operations": "Diluted earnings per share from continuing operations only.",
"basic_shares": "Weighted-average basic ordinary shares outstanding.",
"diluted_shares": "Weighted-average diluted ordinary shares outstanding.",
"dividends_declared_per_share": "Dividends declared per ordinary share in the period, as printed in the earnings-per-share note. A quarter can include more than one declaration.",
"total_debt": "Short-term borrowings and current maturities of long-term debt plus long-term debt, both as printed on the balance sheet. Computed; the company does not print a total-debt line.",
"operating_cash_flow": "Net cash provided by operating activities, including the cash used by discontinued operations.",
"operating_cash_flow_continuing_operations": "Net cash provided by continuing operating activities.",
"free_cash_flow": "Net cash provided by operating activities less capital expenditures, computed from the cash flow statement. The company also publishes a non-GAAP free cash flow measure that starts from continuing operating cash flow and adjusts for further items; that measure is not reproduced here and will differ from this figure.",
"segment_adjusted_operating_income": "Segment Adjusted Operating Income as defined by the company: segment operating income excluding restructuring costs, merger and acquisition transaction costs and other significant non-recurring or non-cash items. It is a measure used by the company to manage its segments and is not a GAAP figure."
},
"notes": [
"Sources: fiscal-year figures come from the FY2025 Form 10-K (accession 0001628280-26-005731), which presents income statements and cash flow statements for 2023, 2024 and 2025 and balance sheets at December 31, 2025 and 2024. Quarterly and six-month figures come from the Form 10-Q for the quarter ended June 30, 2026 (accession 0001628280-26-051117), which presents the three and six months ended June 30, 2026 and 2025 and a balance sheet at June 30, 2026.",
"Trane Technologies' fiscal year is the calendar year, so the second quarter of fiscal 2026 runs from April 1 to June 30, 2026.",
"The 10-Q's balance-sheet column for December 31, 2025 agrees line for line with the balance sheet in the FY2025 10-K.",
"The 10-Q presents cash flows only for the six months ended June 30, 2026 and 2025, not for the three-month quarters. Cash flow figures therefore appear in the six-month (year-to-date) view and the fiscal years, not in the quarterly entries.",
"The quarterly balance sheet is the June 30, 2026 balance sheet printed in the 10-Q. The 10-Q does not print a balance sheet at June 30, 2025, so the year-ago quarter carries income statement figures only.",
"Weighted-average share counts for fiscal years 2023 to 2025 come from the earnings-per-share note in the 10-K (Note 18); the quarterly and six-month counts are printed on the face of the 10-Q income statement.",
"Dividends declared per share are as printed in the 10-Q's earnings-per-share note: $2.10 for the second quarter of 2026 and $1.88 for the second quarter of 2025. The 10-Q explains that the quarterly dividend rose from $0.94 to $1.05 per share starting with the first quarter 2026 dividend, and that the third quarter 2026 dividend was declared on June 5, 2026, so the $2.10 is two $1.05 dividends declared in one quarter. The year-ago $1.88 likewise equals two $0.94 dividends.",
"The cash flow line for acquisitions is captioned 'Acquisitions of businesses, net of cash acquired' in the 10-K and 'Acquisitions and equity method investments, net of cash acquired' in the 2026 10-Q, which also reports the company's 49% equity-method interest in Kieback&Peter acquired in the first quarter of 2026. They are kept under separate names because they do not measure the same thing.",
"The trailing-twelve-month view is computed, not printed: fiscal 2025 plus the six months ended June 30, 2026, less the six months ended June 30, 2025.",
"Segment revenues for the three segments (Americas, EMEA, Asia Pacific) sum to consolidated net revenue in every period shown. Segment Adjusted Operating Income is the company's own segment measure and is not a GAAP figure."
],
"uncertainties": [
"Three-month cash flow figures for the second quarter of 2026 and 2025 are not given: the 10-Q prints only six-month cash flows, and the first-quarter 10-Q needed to difference them is not among the filings this page covers.",
"Gross profit, total debt, free cash flow and the trailing-twelve-month figures are computed from printed lines rather than printed by the company; the company's own non-GAAP free cash flow differs from the free cash flow shown here."
],
"annual": [
{
"fiscal_year": 2025,
"label": "FY2025",
"period_start": "2025-01-01",
"period_end": "2025-12-31",
"period_type": "fiscal year",
"source_accession": "0001628280-26-005731",
"income_statement": {
"net_revenue": 21321900000,
"products_revenue": 13982300000,
"services_revenue": 7339600000,
"cost_of_revenue": 13611700000,
"cost_of_products_sold": 9426500000,
"cost_of_services_sold": 4185200000,
"gross_profit": 7710200000,
"selling_and_administrative_expenses": 3742800000,
"operating_income": 3967400000,
"interest_expense": 226700000,
"other_income_expense_net": -62100000,
"earnings_before_income_taxes": 3678600000,
"provision_for_income_taxes": 705900000,
"earnings_from_continuing_operations": 2972700000,
"discontinued_operations_net_of_tax": -37000000,
"net_earnings_including_noncontrolling_interests": 2935700000,
"net_earnings_attributable_to_noncontrolling_interests": 17100000,
"net_income": 2918600000,
"continuing_operations_earnings_attributable_to_trane": 2955600000,
"basic_eps": 13.09,
"diluted_eps": 12.98,
"diluted_eps_continuing_operations": 13.14,
"basic_shares": 223000000,
"diluted_shares": 224900000,
"dividends_declared_per_share": 3.76
},
"cash_flow": {
"depreciation_and_amortization": 376300000,
"operating_cash_flow_continuing_operations": 3220400000,
"operating_cash_flow": 3194500000,
"capital_expenditures": 383000000,
"acquisitions_of_businesses_net_of_cash_acquired": 276000000,
"net_cash_from_investing_activities": -640000000,
"dividends_paid_to_ordinary_shareholders": 837300000,
"repurchase_of_ordinary_shares": 1481300000,
"net_cash_from_financing_activities": -2495800000,
"free_cash_flow": 2811500000
},
"balance_sheet": {
"cash_and_cash_equivalents": 1763300000,
"accounts_and_notes_receivable_net": 3235300000,
"inventories": 2103600000,
"total_current_assets": 7863000000,
"property_plant_and_equipment_net": 2251300000,
"goodwill": 6457000000,
"intangible_assets_net": 3236700000,
"total_assets": 21420700000,
"accounts_payable": 2153900000,
"short_term_borrowings_and_current_maturities_of_long_term_debt": 693000000,
"total_current_liabilities": 6286700000,
"long_term_debt": 3922100000,
"total_liabilities": 12819800000,
"trane_technologies_shareholders_equity": 8579200000,
"noncontrolling_interests": 21700000,
"total_equity": 8600900000,
"total_liabilities_and_equity": 21420700000,
"total_debt": 4615100000
},
"segments": {
"americas": {
"segment_revenues": 17168800000,
"segment_adjusted_operating_income": 3439000000
},
"emea": {
"segment_revenues": 2802100000,
"segment_adjusted_operating_income": 478600000
},
"asia_pacific": {
"segment_revenues": 1351000000,
"segment_adjusted_operating_income": 308100000
}
}
},
{
"fiscal_year": 2024,
"label": "FY2024",
"period_start": "2024-01-01",
"period_end": "2024-12-31",
"period_type": "fiscal year",
"source_accession": "0001628280-26-005731",
"income_statement": {
"net_revenue": 19838200000,
"products_revenue": 13314500000,
"services_revenue": 6523700000,
"cost_of_revenue": 12757700000,
"cost_of_products_sold": 8927900000,
"cost_of_services_sold": 3829800000,
"gross_profit": 7080500000,
"selling_and_administrative_expenses": 3580400000,
"operating_income": 3500100000,
"interest_expense": 238400000,
"other_income_expense_net": -19900000,
"earnings_before_income_taxes": 3241800000,
"provision_for_income_taxes": 627600000,
"earnings_from_continuing_operations": 2614200000,
"discontinued_operations_net_of_tax": -24700000,
"net_earnings_including_noncontrolling_interests": 2589500000,
"net_earnings_attributable_to_noncontrolling_interests": 21600000,
"net_income": 2567900000,
"continuing_operations_earnings_attributable_to_trane": 2592600000,
"basic_eps": 11.35,
"diluted_eps": 11.24,
"diluted_eps_continuing_operations": 11.35,
"basic_shares": 226200000,
"diluted_shares": 228400000,
"dividends_declared_per_share": 3.36
},
"cash_flow": {
"depreciation_and_amortization": 379400000,
"operating_cash_flow_continuing_operations": 3177700000,
"operating_cash_flow": 3145600000,
"capital_expenditures": 370600000,
"acquisitions_of_businesses_net_of_cash_acquired": 180300000,
"net_cash_from_investing_activities": -562900000,
"dividends_paid_to_ordinary_shareholders": 757500000,
"repurchase_of_ordinary_shares": 1280800000,
"net_cash_from_financing_activities": -2020600000,
"free_cash_flow": 2775000000
},
"balance_sheet": {
"cash_and_cash_equivalents": 1590100000,
"accounts_and_notes_receivable_net": 3090200000,
"inventories": 1971500000,
"total_current_assets": 7337800000,
"property_plant_and_equipment_net": 2024500000,
"goodwill": 6127900000,
"intangible_assets_net": 3308200000,
"total_assets": 20146700000,
"accounts_payable": 2148000000,
"short_term_borrowings_and_current_maturities_of_long_term_debt": 452200000,
"total_current_liabilities": 6068900000,
"long_term_debt": 4318100000,
"total_liabilities": 12659800000,
"trane_technologies_shareholders_equity": 7457400000,
"noncontrolling_interests": 29500000,
"total_equity": 7486900000,
"total_liabilities_and_equity": 20146700000,
"total_debt": 4770300000
},
"segments": {
"americas": {
"segment_revenues": 15903200000,
"segment_adjusted_operating_income": 3039100000
},
"emea": {
"segment_revenues": 2556700000,
"segment_adjusted_operating_income": 472800000
},
"asia_pacific": {
"segment_revenues": 1378300000,
"segment_adjusted_operating_income": 308800000
}
}
},
{
"fiscal_year": 2023,
"label": "FY2023",
"period_start": "2023-01-01",
"period_end": "2023-12-31",
"period_type": "fiscal year",
"source_accession": "0001628280-26-005731",
"income_statement": {
"net_revenue": 17677600000,
"products_revenue": 11975400000,
"services_revenue": 5702200000,
"cost_of_revenue": 11820400000,
"cost_of_products_sold": 8414200000,
"cost_of_services_sold": 3406200000,
"gross_profit": 5857200000,
"selling_and_administrative_expenses": 2963200000,
"operating_income": 2894000000,
"interest_expense": 234500000,
"other_income_expense_net": -92200000,
"earnings_before_income_taxes": 2567300000,
"provision_for_income_taxes": 498400000,
"earnings_from_continuing_operations": 2068900000,
"discontinued_operations_net_of_tax": -27200000,
"net_earnings_including_noncontrolling_interests": 2041700000,
"net_earnings_attributable_to_noncontrolling_interests": 17800000,
"net_income": 2023900000,
"continuing_operations_earnings_attributable_to_trane": 2051100000,
"basic_eps": 8.85,
"diluted_eps": 8.77,
"diluted_eps_continuing_operations": 8.89,
"basic_shares": 228600000,
"diluted_shares": 230700000,
"dividends_declared_per_share": 3
},
"cash_flow": {
"depreciation_and_amortization": 348100000,
"operating_cash_flow_continuing_operations": 2426800000,
"operating_cash_flow": 2389600000,
"capital_expenditures": 300700000,
"acquisitions_of_businesses_net_of_cash_acquired": 862800000,
"net_cash_from_investing_activities": -1172200000,
"dividends_paid_to_ordinary_shareholders": 683700000,
"repurchase_of_ordinary_shares": 669300000,
"net_cash_from_financing_activities": -1350300000,
"free_cash_flow": 2088900000
},
"segments": {
"americas": {
"segment_revenues": 13832000000,
"segment_adjusted_operating_income": 2445900000
},
"emea": {
"segment_revenues": 2401200000,
"segment_adjusted_operating_income": 424500000
},
"asia_pacific": {
"segment_revenues": 1444400000,
"segment_adjusted_operating_income": 300800000
}
},
"coverage_note": "The FY2025 10-K presents a balance sheet only as of December 31, 2025 and 2024, so FY2023 carries income statement and cash flow figures only."
}
],
"quarterly": [
{
"fiscal_year": 2026,
"fiscal_quarter": 2,
"label": "Q2 FY2026",
"period_start": "2026-04-01",
"period_end": "2026-06-30",
"period_type": "three months",
"source_accession": "0001628280-26-051117",
"income_statement": {
"net_revenue": 6353500000,
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"gross_profit": 2259700000,
"selling_and_administrative_expenses": 1035400000,
"operating_income": 1224300000,
"interest_expense": 53100000,
"other_income_expense_net": -8100000,
"earnings_before_income_taxes": 1163100000,
"provision_for_income_taxes": 218200000,
"earnings_from_continuing_operations": 944900000,
"discontinued_operations_net_of_tax": -9600000,
"net_earnings_including_noncontrolling_interests": 935300000,
"net_earnings_attributable_to_noncontrolling_interests": 9600000,
"net_income": 925700000,
"continuing_operations_earnings_attributable_to_trane": 935300000,
"basic_eps": 4.19,
"diluted_eps": 4.16,
"diluted_eps_continuing_operations": 4.2,
"basic_shares": 221000000,
"diluted_shares": 222500000,
"dividends_declared_per_share": 2.1
},
"balance_sheet": {
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"total_current_assets": 9006800000,
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"goodwill": 7031900000,
"intangible_assets_net": 3518100000,
"total_assets": 23925600000,
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"short_term_borrowings_and_current_maturities_of_long_term_debt": 693100000,
"total_current_liabilities": 8390900000,
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"total_liabilities": 15280500000,
"trane_technologies_shareholders_equity": 8622900000,
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"total_equity": 8645100000,
"total_liabilities_and_equity": 23925600000,
"total_debt": 4616800000
},
"segments": {
"americas": {
"segment_revenues": 5271300000,
"segment_adjusted_operating_income": 1165100000
},
"emea": {
"segment_revenues": 697600000,
"segment_adjusted_operating_income": 91400000
},
"asia_pacific": {
"segment_revenues": 384600000,
"segment_adjusted_operating_income": 80800000
}
}
},
{
"fiscal_year": 2025,
"fiscal_quarter": 2,
"label": "Q2 FY2025",
"period_start": "2025-04-01",
"period_end": "2025-06-30",
"period_type": "three months",
"source_accession": "0001628280-26-051117",
"income_statement": {
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"gross_profit": 2160600000,
"selling_and_administrative_expenses": 996400000,
"operating_income": 1164200000,
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"earnings_from_continuing_operations": 876000000,
"discontinued_operations_net_of_tax": 2900000,
"net_earnings_including_noncontrolling_interests": 878900000,
"net_earnings_attributable_to_noncontrolling_interests": 4100000,
"net_income": 874800000,
"continuing_operations_earnings_attributable_to_trane": 871900000,
"basic_eps": 3.92,
"diluted_eps": 3.89,
"diluted_eps_continuing_operations": 3.87,
"basic_shares": 223200000,
"diluted_shares": 225100000,
"dividends_declared_per_share": 1.88
},
"segments": {
"americas": {
"segment_revenues": 4692300000,
"segment_adjusted_operating_income": 1052800000
},
"emea": {
"segment_revenues": 707900000,
"segment_adjusted_operating_income": 122700000
},
"asia_pacific": {
"segment_revenues": 346200000,
"segment_adjusted_operating_income": 74700000
}
}
}
],
"year_to_date": {
"label": "Six months ended June 30, 2026 (H1 FY2026)",
"period_start": "2026-01-01",
"period_end": "2026-06-30",
"period_type": "six months",
"source_accession": "0001628280-26-051117",
"income_statement": {
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"cost_of_revenue": 7335100000,
"gross_profit": 3987800000,
"selling_and_administrative_expenses": 1987400000,
"operating_income": 2000400000,
"interest_expense": 108700000,
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"earnings_before_income_taxes": 1898900000,
"provision_for_income_taxes": 354500000,
"earnings_from_continuing_operations": 1544400000,
"discontinued_operations_net_of_tax": -19600000,
"net_earnings_including_noncontrolling_interests": 1524800000,
"net_earnings_attributable_to_noncontrolling_interests": 14700000,
"net_income": 1510100000,
"continuing_operations_earnings_attributable_to_trane": 1529700000,
"basic_eps": 6.82,
"diluted_eps": 6.78,
"diluted_eps_continuing_operations": 6.86,
"basic_shares": 221300000,
"diluted_shares": 222800000,
"dividends_declared_per_share": 3.15
},
"cash_flow": {
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"operating_cash_flow_continuing_operations": 1734600000,
"operating_cash_flow": 1713900000,
"capital_expenditures": 156100000,
"acquisitions_and_equity_method_investments_net_of_cash_acquired": 742000000,
"net_cash_from_investing_activities": -902300000,
"dividends_paid_to_ordinary_shareholders": 463200000,
"repurchase_of_ordinary_shares": 756400000,
"net_cash_from_financing_activities": -1243200000,
"free_cash_flow": 1557800000
},
"segments": {
"americas": {
"segment_revenues": 9269700000,
"segment_adjusted_operating_income": 1882100000
},
"emea": {
"segment_revenues": 1337100000,
"segment_adjusted_operating_income": 167800000
},
"asia_pacific": {
"segment_revenues": 716100000,
"segment_adjusted_operating_income": 154000000
}
},
"prior_year_comparative": {
"label": "Six months ended June 30, 2025 (H1 FY2025)",
"period_start": "2025-01-01",
"period_end": "2025-06-30",
"period_type": "six months",
"source_accession": "0001628280-26-051117",
"income_statement": {
"net_revenue": 10434900000,
"cost_of_revenue": 6596800000,
"gross_profit": 3838100000,
"selling_and_administrative_expenses": 1855000000,
"operating_income": 1983100000,
"interest_expense": 115500000,
"other_income_expense_net": -22000000,
"earnings_before_income_taxes": 1845600000,
"provision_for_income_taxes": 351600000,
"earnings_from_continuing_operations": 1494000000,
"discontinued_operations_net_of_tax": -6000000,
"net_earnings_including_noncontrolling_interests": 1488000000,
"net_earnings_attributable_to_noncontrolling_interests": 8300000,
"net_income": 1479700000,
"continuing_operations_earnings_attributable_to_trane": 1485700000,
"basic_eps": 6.61,
"diluted_eps": 6.55,
"diluted_eps_continuing_operations": 6.58,
"basic_shares": 223800000,
"diluted_shares": 225800000,
"dividends_declared_per_share": 2.82
},
"cash_flow": {
"depreciation_and_amortization": 197200000,
"operating_cash_flow_continuing_operations": 1043500000,
"operating_cash_flow": 1031600000,
"capital_expenditures": 208800000,
"acquisitions_and_equity_method_investments_net_of_cash_acquired": 277200000,
"net_cash_from_investing_activities": -486000000,
"dividends_paid_to_ordinary_shareholders": 420000000,
"repurchase_of_ordinary_shares": 879600000,
"net_cash_from_financing_activities": -1480900000,
"free_cash_flow": 822800000
},
"segments": {
"americas": {
"segment_revenues": 8493000000,
"segment_adjusted_operating_income": 1729300000
},
"emea": {
"segment_revenues": 1281400000,
"segment_adjusted_operating_income": 206100000
},
"asia_pacific": {
"segment_revenues": 660500000,
"segment_adjusted_operating_income": 141300000
}
}
}
},
"trailing_twelve_months": {
"label": "Twelve months ended June 30, 2026",
"period_start": "2025-07-01",
"period_end": "2026-06-30",
"period_type": "trailing twelve months",
"source_accessions": [
"0001628280-26-005731",
"0001628280-26-051117"
],
"derivation": "Derived: fiscal 2025 (from the FY2025 10-K) plus the six months ended June 30, 2026, less the six months ended June 30, 2025 (both from the Q2 FY2026 10-Q). Not printed by the company.",
"income_statement": {
"net_revenue": 22209900000,
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{
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},
{
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{
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}
]
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"SIC": "3822",
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