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Equity
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Equity Equity
The authorized share capital of Trane Technologies plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at March 31, 2020 or December 31, 2019.
Changes in ordinary shares and treasury shares for the three months ended March 31, 2020 were as follows:
In millions
Ordinary shares issued
 
Ordinary shares held in treasury
December 31, 2019
262.8

 
24.5

Shares issued under incentive plans, net
0.9

 
—

March 31, 2020
263.7

 
24.5


Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Shares acquired and cancelled upon repurchase are accounted for as a reduction of Ordinary Shares and Capital in excess of par value, or Retained earnings to the extent Capital in excess of par value is exhausted. Shares acquired and held in treasury are presented separately on the balance sheet as a reduction to Equity and recognized at cost. In October 2018, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares under a share repurchase program (2018 Authorization) upon completion of the prior authorized share repurchase program. During the three months ended March 31, 2020, no amounts were repurchased or cancelled leaving approximately $750 million remaining under the 2018 Authorization at March 31, 2020.
Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2020 was as follows:
In millions
 
Derivative Instruments
 
Pension and OPEB
 
Foreign Currency Translation
 
Total
Balance at December 31, 2019
 
$
5.6

 
$
(457.4
)
 
$
(554.8
)
 
$
(1,006.6
)
Other comprehensive income (loss) before reclassifications
 
0.3

 
(19.7
)
 
(48.1
)
 
(67.5
)
Amounts reclassified from AOCI
 
0.3

 
11.5

 
—

 
11.8

Separation of Ingersoll Rand Industrial, net of tax
 
—

 
69.1

 
70.2

 
139.3

Benefit (provision) for income taxes
 
(0.2
)
 
(2.8
)
 
—

 
(3.0
)
Net current period other comprehensive income (loss)
 
$
0.4

 
$
58.1

 
$
22.1

 
$
80.6

Balance at March 31, 2020
 
$
6.0

 
$
(399.3
)
 
$
(532.7
)
 
$
(926.0
)
The changes in Accumulated other comprehensive income (loss) for the three months ended March 31, 2019 was as follows:
In millions
 
Derivative Instruments
 
Pension and OPEB
 
Foreign Currency Translation
 
Total
Balance at December 31, 2018
 
$
6.7

 
$
(454.0
)
 
$
(516.8
)
 
$
(964.1
)
Other comprehensive income (loss) before reclassifications
 
(1.4
)
 
0.3

 
(2.4
)
 
(3.5
)
Amounts reclassified from AOCI
 
0.1

 
12.9

 
—

 
13.0

Benefit (provision) for income taxes
 
(0.5
)
 
(3.5
)
 
—

 
(4.0
)
Net current period other comprehensive income (loss)
 
$
(1.8
)
 
$
9.7

 
$
(2.4
)
 
$
5.5

Balance at March 31, 2019
 
$
4.9

 
$
(444.3
)
 
$
(519.2
)
 
$
(958.6
)