Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 1,095.3	$ 1,220.5
Accounts and notes receivable, net	2,956.8	2,780.1
Inventories	2,152.1	1,993.8
Other current assets	665.7	384.8
Total current assets	6,869.9	6,379.2
Property, plant and equipment, net	1,772.2	1,536.1
Goodwill	6,095.3	5,503.7
Intangible Assets, Net (Excluding Goodwill)	3,439.8	3,264.0
Other noncurrent assets	1,214.7	1,398.6
Total assets	19,391.9	18,081.6
LIABILITIES AND EQUITY
Accounts payable	2,025.2	2,091.6
Accrued compensation and benefits	591.7	541.2
Accrued expenses and other current liabilities	2,634.7	2,006.0
Short-term borrowings and current maturities of long-term debt	801.9	1,048.0
Total current liabilities	6,053.5	5,686.8
Long-term debt	3,977.9	3,788.3
Postemployment and other benefit liabilities	596.9	667.0
Deferred and noncurrent income taxes	703.7	680.1
Other noncurrent liabilities	1,042.9	1,154.2
Total liabilities	$ 12,374.9	$ 11,976.4
Ordinary shares, par value, in dollars or euros per share, as stated	$ 1.00	$ 1.00
Ordinary shares issued	251,673,874	253,328,263
Treasury Stock, Common, Shares	24,500,713	24,500,868
Treasury Stock, Value	$ (1,719.4)	$ (1,719.4)
Equity:
Trane Technologies plc shareholders' equity Ordinary shares, $1 par value	251.7	253.3
Retained earnings	9,133.7	8,320.9
Accumulated other comprehensive income (loss)	(670.8)	(766.2)
Total Trane Technologies plc shareholders' equity	6,995.2	6,088.6
Noncontrolling interest	21.8	16.6
Total equity	7,017.0	6,105.2
Total liabilities and equity	$ 19,391.9	$ 18,081.6