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Equity | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | EQUITY The authorized share capital of Trane Technologies plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at December 31, 2024 or 2023. The changes in ordinary shares and treasury shares for the year ended December 31, 2024 were as follows:
In millions | Ordinary shares issued |  | Ordinary shares held in treasury
December 31, 2023 | 251.7 |  |  | 24.5 |
Shares issued under incentive plans | 1.2 |  |  | — |
Repurchase of ordinary shares | (3.9) |  |  | — |
December 31, 2024 | 249.0 |  |  | 24.5 |
Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Shares acquired and canceled upon repurchase are accounted for as a reduction of Ordinary Shares and Capital in excess of par value, or Retained earnings to the extent Capital in excess of par value is exhausted. Shares acquired and held in treasury are presented separately on the balance sheet as a reduction to Equity and recognized at cost. In February 2022, the Company's Board of Directors authorized a share repurchase program of up to $3.0 billion of its ordinary shares (2022 Authorization) and in December 2024, the Board of Directors authorized a share repurchase program of up to an additional $5.0 billion of the Company's ordinary shares (2024 Authorization) upon the conclusion of the 2022 Authorization. During the year ended December 31, 2024, the Company repurchased and canceled approximately $1.3 billion of its ordinary shares, leaving $1.2 billion remaining under the 2022 Authorization and $5.0 billion remaining under the 2024 Authorization. Additionally, during the period after December 31, 2024 through January 31, 2025 the Company repurchased approximately $100 million of its ordinary shares under the 2022 Authorization. Accumulated Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) were as follows:
In millions |  | Derivative Instruments |  | Pension and OPEB Items |  | Foreign Currency Translation |  | Total
December 31, 2022 |  | $ | (4.5) |  |  | $ | (214.1) |  |  | $ | (547.6) |  |  | $ | (766.2) |
Other comprehensive income (loss) attributable to Trane Technologies plc |  | 7.5 |  |  | 15.2 |  |  | 72.7 |  |  | 95.4 |
December 31, 2023 |  | $ | 3.0 |  |  | $ | (198.9) |  |  | $ | (474.9) |  |  | $ | (670.8) |
Other comprehensive income (loss) attributable to Trane Technologies plc |  | (4.4) |  |  | 12.1 |  |  | (201.0) |  |  | (193.3) |
December 31, 2024 |  | $ | (1.4) |  |  | $ | (186.8) |  |  | $ | (675.9) |  |  | $ | (864.1) |
The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2024, 2023 and 2022 were $(0.6) million, $(0.2) million and $(1.9) million, respectively, related to currency translation. Additionally, Other comprehensive income (loss) attributable to noncontrolling interests for 2024, 2023, and 2022 includes $0.0 million, $0.5 million, and $0.3 million, respectively, related to pension and postretirement obligation adjustments.

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