Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,590.1	$ 1,095.3
Accounts and notes receivable, net	3,090.2	2,956.8
Inventories	1,971.5	2,152.1
Other current assets	686.0	665.7
Total current assets	7,337.8	6,869.9
Property, plant and equipment, net	2,024.5	1,772.2
Goodwill	6,127.9	6,095.3
Intangible Assets, Net (Excluding Goodwill)	3,308.2	3,439.8
Other noncurrent assets	1,348.3	1,214.7
Total assets	20,146.7	19,391.9
LIABILITIES AND EQUITY
Accounts payable	2,148.0	2,025.2
Accrued compensation and benefits	678.4	591.7
Accrued expenses and other current liabilities	2,790.3	2,634.7
Short-term borrowings and current maturities of long-term debt	452.2	801.9
Total current liabilities	6,068.9	6,053.5
Long-term debt	4,318.1	3,977.9
Postemployment and other benefit liabilities	561.9	596.9
Deferred and noncurrent income taxes	586.6	703.7
Other noncurrent liabilities	1,124.3	1,042.9
Total liabilities	$ 12,659.8	$ 12,374.9
Ordinary shares, par value, in dollars or euros per share, as stated	$ 1.00	$ 1.00
Ordinary shares issued	248,971,153	251,673,874
Treasury Stock, Common, Shares	24,497,206	24,500,713
Treasury Stock, Value	$ (1,719.3)	$ (1,719.4)
Equity:
Trane Technologies plc shareholders' equity Ordinary shares, $1 par value	249.0	251.7
Retained earnings	9,791.8	9,133.7
Accumulated other comprehensive income (loss)	(864.1)	(670.8)
Total Trane Technologies plc shareholders' equity	7,457.4	6,995.2
Noncontrolling interest	29.5	21.8
Total equity	7,486.9	7,017.0
Total liabilities and equity	$ 20,146.7	$ 19,391.9

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).