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Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net revenues $ 3,719.8 $ 3,495.5 $ 10,567.1 $ 9,275.6
Cost of goods sold (2,515.6) (2,360.8) (7,139.0) (6,420.1)
Selling and administrative expenses (620.8) (567.8) (1,840.5) (1,710.7)
Operating income 583.4 566.9 1,587.6 1,144.8
Interest expense (57.7) (62.4) (177.7) (186.8)
Other income/(expense), net (6.9) (4.5) (13.8) 7.6
Earnings before income taxes 518.8 500.0 1,396.1 965.6
Benefit (provision) for income taxes (96.8) (89.9) (268.0) (224.4)
Earnings from continuing operations 422.0 410.1 1,128.1 741.2
Discontinued operations, net of tax (13.3) (5.5) (12.6) (120.4)
Net earnings 408.7 404.6 1,115.5 620.8
Less: Net earnings from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest (3.0) (4.0) (9.9) (9.7)
Less: Net earnings from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 0.0 0.0 0.0 (0.9)
Net earnings attributable to Trane Technologies plc 405.7 400.6 1,105.6 610.2
Amounts attributable to Trane Technologies plc ordinary shareholders:        
Continuing operations 419.0 406.1 1,118.2 731.5
Discontinued operations (13.3) (5.5) (12.6) (121.3)
Net earnings attributable to Trane Technologies plc $ 405.7 $ 400.6 $ 1,105.6 $ 610.2
Basic:        
Continuing operations $ 1.76 $ 1.69 $ 4.68 $ 3.05
Discontinued operations (0.06) (0.02) (0.06) (0.51)
Net earnings 1.70 1.67 4.62 2.54
Diluted:        
Continuing operations 1.73 1.67 4.61 3.01
Discontinued operations (0.05) (0.03) (0.06) (0.50)
Net earnings $ 1.68 $ 1.64 $ 4.55 $ 2.51
Weighted-average shares outstanding        
Basic 238.2 240.4 239.2 240.0
Diluted 241.7 243.7 242.8 242.7