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Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues $ 4,882.9 $ 4,371.9 $ 13,253.5 $ 11,917.9
Cost of goods sold (3,224.8) (2,939.1) (8,867.6) (8,172.6)
Selling and administrative expenses (793.9) (693.3) (2,179.5) (1,907.0)
Operating income 864.2 739.5 2,206.4 1,838.3
Interest expense (57.9) (55.8) (177.1) (167.6)
Other income/(expense), net (10.0) (18.7) (76.8) (21.0)
Earnings before income taxes 796.3 665.0 1,952.5 1,649.7
Provision for income taxes (157.5) (104.7) (400.2) (302.4)
Earnings from continuing operations 638.8 560.3 1,552.3 1,347.3
Discontinued operations, net of tax (6.5) (7.9) (18.2) (16.6)
Net earnings 632.3 552.4 1,534.1 1,330.7
Less: Net earnings from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest (6.0) (4.5) (14.5) (13.3)
Net earnings attributable to Trane Technologies plc 626.3 547.9 1,519.6 1,317.4
Amounts attributable to Trane Technologies plc ordinary shareholders:        
Continuing operations 632.8 555.8 1,537.8 1,334.0
Discontinued operations (6.5) (7.9) (18.2) (16.6)
Net earnings attributable to Trane Technologies plc $ 626.3 $ 547.9 $ 1,519.6 $ 1,317.4
Basic:        
Continuing operations $ 2.77 $ 2.40 $ 6.72 $ 5.72
Discontinued operations (0.03) (0.04) (0.08) (0.08)
Net earnings 2.74 2.36 6.64 5.64
Diluted:        
Continuing operations 2.74 2.38 6.66 5.66
Discontinued operations (0.02) (0.04) (0.08) (0.07)
Net earnings $ 2.72 $ 2.34 $ 6.58 $ 5.59
Weighted-average shares outstanding        
Basic 228.6 231.9 228.8 233.4
Diluted 230.6 234.0 230.9 235.7