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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues $ 3,495.5 $ 3,470.9 $ 9,275.6 $ 9,892.2
Cost of goods sold (2,360.8) (2,366.6) (6,420.1) (6,818.6)
Selling and administrative expenses (567.8) (567.8) (1,710.7) (1,733.7)
Operating income 566.9 536.5 1,144.8 1,339.9
Interest expense (62.4) (63.9) (186.8) (179.4)
Other income/(expense), net (4.5) (5.8) 7.6 (21.7)
Earnings before income taxes 500.0 466.8 965.6 1,138.8
Benefit (provision) for income taxes (89.9) (80.5) (224.4) (192.6)
Earnings from continuing operations 410.1 386.3 741.2 946.2
Discontinued operations, net of tax (5.5) 77.1 (120.4) 181.2
Net earnings (loss) 404.6 463.4 620.8 1,127.4
Less: Net earnings from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest (4.0) (3.7) (9.7) (10.3)
Less: Net earnings from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 0.0 (0.9) (0.9) (2.3)
Net earnings (loss) attributable to Trane Technologies plc 400.6 458.8 610.2 1,114.8
Amounts attributable to Trane Technologies plc ordinary shareholders:        
Continuing operations 406.1 382.6 731.5 935.9
Discontinued operations (5.5) 76.2 (121.3) 178.9
Net earnings (loss) attributable to Trane Technologies plc $ 400.6 $ 458.8 $ 610.2 $ 1,114.8
Basic:        
Continuing operations $ 1.69 $ 1.58 $ 3.05 $ 3.86
Discontinued operations (0.02) 0.32 (0.51) 0.74
Net earnings (loss) 1.67 1.90 2.54 4.60
Diluted:        
Continuing operations 1.67 1.57 3.01 3.82
Discontinued operations (0.03) 0.31 (0.50) 0.73
Net earnings (loss) $ 1.64 $ 1.88 $ 2.51 $ 4.55
Weighted-average shares outstanding        
Basic 240.4 241.7 240.0 242.1
Diluted 243.7 244.6 242.7 244.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]        
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax $ 111.3 $ (143.2) $ 107.4 $ (139.3)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 1.5 (0.5) 1.7 (0.7)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax 0.7 (0.2) 1.1 0.8
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax (0.4) 0.2 0.4 0.1
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 1.8 (0.5) 3.2 0.2
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax 0.0 0.0 (21.3) 0.0
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax 10.5 10.1 32.7 35.8
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), before Tax (0.1) 0.7 (3.7) 2.4
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansCurrencyTranslationBeforeTax (6.6) 4.6 (3.0) 4.7
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax (1.9) (2.8) (6.9) (8.4)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax (1.9) (12.6) 2.2 (34.5)
Other comprehensive income (loss) 115.0 (131.1) 108.4 (104.6)
Comprehensive income (loss), net of tax 519.6 332.3 729.2 1,022.8
Less: Comprehensive (income) loss attributable to noncontrolling interests (3.9) (4.1) (12.7) (13.7)
Comprehensive income (loss) attributable to Trane Technologies plc $ 515.7 $ 328.2 $ 716.5 $ 1,009.1