Business Combinations (Tables)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Business Combinations [Abstract]

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The preliminary amounts assigned to the major identifiable intangible asset classifications for both acquisitions were as follows:

In millions	Weighted-average useful life (in years)	Fair value
Customer relationships	15	$	82.9
Other	6	19.2
Total intangible assets		$	102.1

The Company recorded intangible assets based on their estimated fair value, which consisted of the following:

In millions	Weighted-average useful life (in years)	October 15, 2021
Customer relationships	14	$	105.2
Other	6	35.5
Total intangible assets		$	140.7

Summarized Financial Information For Discontinued Operations Text Block [Table Text Block]

The components of Discontinued operations, net of tax for the years ended December 31 were as follows:

In millions	2022		2021		2020
Net revenues	$	—	$	—	$	469.8
Cost of goods sold	(3.4)		—		(315.8)
Selling and administrative expenses	(1.9)		(3.0)		(234.4)
Operating income (loss)	(5.3)		(3.0)		(80.4)
Other income/ (expense), net	(21.6)		(36.3)		(55.9)
Pre-tax earnings (loss) from discontinued operations	(26.9)		(39.3)		(136.3)
Tax benefit (expense)	5.4		18.7		14.9
Discontinued operations, net of tax	$	(21.5)	$	(20.6)	$	(121.4)

The table above presents the financial statement line items that support amounts included in Discontinued operations, net of tax.

For the year ended December 31, 2022, Other income/(expense), net included a charge of $16.5 million to support Aldrich's ongoing legal costs in accordance with the Company's Funding Agreement. For the year ended December 31, 2021, Other income/(expense), net included a charge of $14.0 million to increase the Company's Funding Agreement liability from asbestos-related activities of Aldrich as well as pension and post retirement obligations and environmental costs related to businesses formerly owned by the Company. For the year ended December 31, 2020, Selling and administrative expenses included pre-tax Ingersoll Rand Industrial separation costs of $114.2 million, which are primarily related to legal, consulting and advisory fees.

Disposal groups, Ingersoll-Rand Industrial

Net revenues and earnings from operations, net of tax of Ingersoll Rand Industrial for the years ended December 31 were as follows:

In millions	2022		2021		2020
Net revenues	$	—	$	—	$	469.8
Earnings (loss) attributable to Trane Technologies plc	(6.1)		0.1		(85.8)
Earnings (loss) attributable to noncontrolling interests	—		—		0.9
Earnings (loss) from operations, net of tax	$	(6.1)	$	0.1	$	(84.9)

Earnings (loss) attributable to Trane Technologies plc includes Ingersoll Rand Industrial separation costs, net of tax primarily related to legal, consulting and advisory fees of $96.2 million during the year ended December 31, 2020.

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The components of Discontinued operations, net of tax for the years ended December 31 were as follows:

In millions	2022		2021		2020
Ingersoll Rand Industrial	$	(6.1)	$	0.1	$	(84.9)
Asbestos-related activities of Aldrich (post-Petition Date)	(12.4)		(13.3)		(19.1)
Other discontinued operations	(3.0)		(7.4)		(17.4)
Discontinued operations	$	(21.5)	$	(20.6)	$	(121.4)

Refer to Note 20, "Commitments and Contingencies," for more information regarding the deconsolidation and asbestos-related matters.