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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Other comprehensive income (loss)      
Net revenues $ 12,454.7 $ 13,075.9 $ 12,343.8
Cost of goods sold (8,651.3) (9,085.5) (8,582.5)
Selling and administrative expenses (2,270.6) (2,320.3) (2,249.2)
Operating income (loss) 1,532.8 1,670.1 1,512.1
Interest expense (248.7) (242.8) (221.0)
Other, net 4.1 (28.4) (33.3)
Earnings (loss) before income taxes 1,288.2 1,398.9 1,257.8
Benefit (provision) for income taxes (296.8) (238.6) (234.9)
Earnings (loss) from continuing operations 991.4 1,160.3 1,022.9
Discontinued operations, net of tax (121.4) 268.2 334.6
Net earnings 870.0 1,428.5 1,357.5
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest (14.2) (15.2) (15.1)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest (0.9) (2.4) (4.8)
Net earnings (loss) attributable to Trane Technologies plc 854.9 1,410.9 1,337.6
Amounts attributable to Trane Technologies plc ordinary shareholders:      
Continuing operations 977.2 1,145.1 1,007.8
Discontinued operations (122.3) 265.8 329.8
Net earnings (loss) attributable to Trane Technologies plc $ 854.9 $ 1,410.9 $ 1,337.6
Basic:      
Continuing operations $ 4.07 $ 4.74 $ 4.08
Discontinued operations (0.51) 1.10 1.33
Net earnings 3.56 5.84 5.41
Diluted:      
Continuing operations 4.02 4.69 4.03
Discontinued operations (0.50) 1.08 1.32
Net earnings $ 3.52 $ 5.77 $ 5.35
Statements of Comprehensive Income      
Net earnings $ 870.0 $ 1,428.5 $ 1,357.5
Currency translation 261.5 (37.1) (230.6)
Derivative instruments, gain (loss) recognized in Other comprehensive income (loss), effective portion, net 3.3 (2.7) 1.2
Cash flow hedges and marketable securities net gains (losses) reclassified into earnings 1.9 0.7 0.9
Cash flow hedges and marketable securities tax (expense) benefit 0.0 0.9 (0.1)
Total cash flow hedges and marketable securities net of tax 5.2 (1.1) 2.0
Pension and OPEB adjustments prior service gains (costs) for the period (1.9) (5.7) (16.0)
Pension and OPEB adjustments net actuarial gains (losses) for the period (52.5) (41.9) 12.8
Pension and OPEB adjustments amortization reclassified to earnings 43.4 48.1 50.7
Pension and OPEB adjustments settlements and curtailments reclassified to earnings (1.8) 2.2 2.5
Pension and OPEB adjustments currency translation and other (10.4) (1.4) 7.5
Pension and OPEB adjustments tax (expense) benefit (0.7) (4.7) (17.2)
Total pension and OPEB adjustments, net of tax (23.9) (3.4) 40.3
Other comprehensive income (loss), net of tax 242.8 (41.6) (188.3)
Total comprehensive income (loss), net of tax 1,112.8 1,386.9 1,169.2
Total comprehensive (income) loss attributable to noncontrolling interests (17.8) (18.5) (16.9)
Total comprehensive income (loss) attributable to Trane Technologies plc $ 1,095.0 $ 1,368.4 $ 1,152.3