Earnings Per Share (EPS)

9 Months Ended

Sep. 30, 2023

Earnings Per Share

Basic EPS is calculated by dividing Net earnings attributable to Trane Technologies plc by the weighted-average number of ordinary shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations for the three and nine months ended September 30:


	Three months ended				Nine months ended
In millions, except per share amounts	2023		2022		2023		2022
Weighted-average number of basic shares	228.6		231.9		228.8		233.4
Shares issuable under incentive share plans	2.0		2.1		2.1		2.3

Weighted-average number of diluted shares	230.6		234.0		230.9		235.7
Anti-dilutive shares	0.2		0.7		0.6		0.9

Dividends declared per ordinary share	$	—	$	—	$	2.25	$	2.01