Tables in the 10-K of Trane Technologies plc
95 tables with numbers, filed Feb 5, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗
Table 1 after “18707400”
Download CSV| Securities registered pursuant to Section 12(b) of the Act: | ||
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Ordinary Shares, Par Value $1.00 per Share | TT | New York Stock Exchange |
| 5.250% Senior Notes due 2033 | TT33 | New York Stock Exchange |
| 5.100% Senior Notes due 2034 | TT34 | New York Stock Exchange |
Table 2 after “TABLE OF CONTENTS”
Download CSV| Page | |||
| Part I | Item 1. | Business | 4 |
| Item 1A. | Risk Factors | 13 | |
| Item 1B. | Unresolved Staff Comments | 25 | |
| Item 1C. | Cybersecurity | 25 | |
| Item 2. | Properties | 27 | |
| Item 3. | Legal Proceedings | 27 | |
| Item 4. | Mine Safety Disclosures | 27 |
First 8 of 25 rows. The CSV has all of them.
Table 3 after “Our backlog of orders, believed to be firm, at December 31, was as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Americas | $6,298.6 | $5,323.1 | |
| EMEA | 775.9 | 585.3 | |
| Asia Pacific | 694.9 | 839.3 | |
| Total | $7,769.4 | $6,747.7 |
Table 4 after “The following is a list of our executive officers as of February 5, 2026.”
Download CSV| Name and Age | Date of Service as an Executive Officer | Principal Occupation and Other Information for Past Five Years |
| David S. Regnery (63) | 8/5/2017 | Chair of the Board (since January 2022); Chief Executive Officer and Director (since July 2021); President and Chief Operating Officer (January 2020 to June 2021) |
| Christopher J. Kuehn (53) | 6/1/2015 | Executive Vice President and Chief Financial Officer (since July 2021); Senior Vice President and Chief Financial Officer (March 2020 to June 2021) |
| Mauro Atalla (57) | 1/6/2025 | Senior Vice President, Chief Technology and Sustainability Officer (since January 2025); Senior Vice President, Engineering and Technology Leader at Collins Aerospace Systems (November 2018 to December 2024) |
| Mingxiao (Gary) Guo (57) | 12/4/2025 | Senior Vice President, Chief Global Integrated Supply Officer (since December 2025); President, Global Supply Chain, the Coca-Cola Company (November 2020 to November 2025) |
| Victoria V. Lazar (60) | 9/29/2025 | Senior Vice President, General Counsel and Secretary (since September 2025); Private Investor (August 2023 to September 2025); Executive Vice President, Chief Legal Officer and Secretary of TechnipFMC plc (November 2020 to July 2023) |
| Mairéad A. Magner (48) | 1/6/2022 | Senior Vice President, Chief Human Resources Officer (since January 2022); Vice President, Talent and Organization Capability (January 2018 to January 2022) |
| Donald E. Simmons (54) | 1/4/2024 | Group President, Americas (since January 2024); Americas Segment Leader and CHVAC Americas President (January 2022 to December 2023); President, CHVAC Americas (January 2020 to December 2021) |
First 8 of 9 rows. The CSV has all of them.
Table 5 after “The following table provides information with respect to purchases of our ordinary shares during the quarter ended December 31, 2025:”
Download CSV| Period | Total number of shares purchased (000's) (a) (b) | Average price paid per share (a) (b) | Total number of shares purchased as part of program (000's) (a) | Approximate dollar value of shares still available to be purchased under the program ($000's) (a) | ||
| October 1 - October 31 | 285.8 | $422.18 | 285.0 | $4,879,537 | ||
| November 1 - November 30 | 88.2 | 422.81 | 87.9 | 4,842,360 | ||
| December 1 - December 31 | 187.0 | 395.52 | 186.7 | 4,768,514 | ||
| Total | 561.0 | $413.40 | 559.6 |
Table 6 after “The following graph compares the cumulative total shareholder return on our ordinary shares with the cumulative total return on (i) the Stan”
Download CSV| Company/Index | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Trane Technologies | 100 | 141 | 119 | 176 | 269 | 286 |
| S&P 500 | 100 | 129 | 105 | 133 | 166 | 196 |
| S&P 500 Industrials Index | 100 | 121 | 114 | 135 | 158 | 189 |
Table 7 after “Year Ended December 31, 2025 Compared to the Year Ended December 31, 2024 - Consolidated Results”
Download CSV| Dollar amounts in millions | 2025 | 2024 | Period Change | 2025 % of revenues | 2024 % of revenues | |||
| Net revenues | $21,321.9 | $19,838.2 | $1,483.7 | |||||
| Cost of goods sold | (13,611.7) | (12,757.7) | (854.0) | 63.8% | 64.3% | |||
| Gross profit | 7,710.2 | 7,080.5 | 629.7 | 36.2% | 35.7% | |||
| Selling and administrative expenses | (3,742.8) | (3,580.4) | (162.4) | 17.6% | 18.1% | |||
| Operating income | 3,967.4 | 3,500.1 | 467.3 | 18.6% | 17.6% | |||
| Interest expense | (226.7) | (238.4) | 11.7 | |||||
| Other income/(expense), net | (62.1) | (19.9) | (42.2) |
First 8 of 13 rows. The CSV has all of them.
Table 8 after “The components of the period change were as follows:”
Download CSV| Volume | 3.2% |
| Pricing | 3.0% |
| Organic revenue (1) | 6.2% |
| Acquisitions | 0.8% |
| Currency translation | 0.5% |
| Total | 7.5% |
Table 9 after “The following discussion compares our results for each of our three reportable segments for the year ended December 31, 2025 compared to the”
Download CSV| Dollar amounts in millions | 2025 | 2024 | % Change | ||
| Americas | |||||
| Net revenues | $17,168.8 | $15,903.2 | 8.0% | ||
| Segment Adjusted EBITDA | 3,713.4 | 3,318.3 | 11.9% | ||
| Segment Adjusted EBITDA as a percentage of net revenues | 21.6% | 20.9% | |||
| EMEA | |||||
| Net revenues | $2,802.1 | $2,556.7 | 9.6% | ||
| Segment Adjusted EBITDA | 512.7 | 505.1 | 1.5% |
First 8 of 16 rows. The CSV has all of them.
Table 10 after “The components of the period change were as follows:”
Download CSV| Volume | 3.6% |
| Pricing | 3.8% |
| Organic revenue (1) | 7.4% |
| Acquisitions | 0.7% |
| Currency translation | (0.1)% |
| Total | 8.0% |
Table 11 after “The components of the period change were as follows:”
Download CSV| Volume | 3.7% |
| Pricing | (0.3)% |
| Organic revenue (1) | 3.4% |
| Acquisitions | 2.2% |
| Currency translation | 4.0% |
| Total | 9.6% |
Table 12 after “The components of the period change were as follows:”
Download CSV| Volume | (2.9)% |
| Pricing | 0.4% |
| Organic revenue (1) | (2.5)% |
| Currency translation | 0.5% |
| Total | (2.0)% |
Table 13 after “The following table contains several key measures of our financial condition and liquidity at the periods ended December 31:”
Download CSV| In millions | 2025 | 2024 | |
| Cash and cash equivalents | $1,763.3 | $1,590.1 | |
| Short-term borrowings and current maturities of long-term debt | 693.0 | 452.2 | |
| Long-term debt | 3,922.1 | 4,318.1 | |
| Total debt | 4,615.1 | 4,770.3 | |
| Total Trane Technologies plc shareholders' equity | 8,579.2 | 7,457.4 | |
| Total equity | 8,600.9 | 7,486.9 | |
| Debt-to-total capital ratio | 34.9% | 38.9% |
Table 14 after “The following table reflects the major categories of cash flows for the years ended December 31, respectively. For additional details, pleas”
Download CSV| In millions | 2025 | 2024 | |
| Net cash provided by continuing operating activities | $3,220.4 | $3,177.7 | |
| Net cash used in continuing investing activities | (640.0) | (562.9) | |
| Net cash used in continuing financing activities | (2,495.8) | (2,020.6) |
Table 15 after “to free cash flow the years ended December 31 is as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Net cash provided by (used in) continuing operating activities | $3,220.4 | $3,177.7 | |
| Capital expenditures | (383.0) | (370.6) | |
| Cash payments for restructuring | 22.5 | 8.6 | |
| Legacy legal liability | 0.6 | 2.7 | |
| M&A transaction costs | 6.2 | 1.7 | |
| Proceeds from sale of corporate asset | 20.6 | — | |
| Adjustment for Outperformance Incentive Program(2) | — | (31.1) |
First 8 of 9 rows. The CSV has all of them.
Table 16 after “Summarized Statements of Earnings”
Download CSV| Year ended December 31, 2025 | |||
| In millions | Obligor group 1 | Obligor group 2 | |
| Net revenues | $— | $— | |
| Gross profit (loss) | — | — | |
| Intercompany interest and fees | 2,360.2 | 5,784.2 | |
| Earnings (loss) from continuing operations | 2,080.4 | 5,410.8 | |
| Discontinued operations, net of tax | (29.3) | (40.8) | |
| Net earnings (loss) | 2,051.1 | 5,370.0 |
First 8 of 10 rows. The CSV has all of them.
Table 17 after “Summarized Balance Sheet”
Download CSV| December 31, 2025 | |||
| In millions | Obligor group 1 | Obligor group 2 | |
| ASSETS | |||
| Intercompany receivables | $935.3 | $2,411.5 | |
| Current assets | 1,029.2 | 2,460.3 | |
| Intercompany notes receivable | 500.0 | 4,150.0 | |
| Noncurrent assets | 1,019.3 | 4,586.5 | |
| LIABILITIES |
First 8 of 12 rows. The CSV has all of them.
Table 18 after “The following table describes contracts, instructions or written plans for the sale or purchase of our securities adopted or terminated by o”
Download CSV| Name and Title | Action | Date of Action | Scheduled Expiration Date(1) | Aggregate Number of Securities to be Purchased or Sold(2) |
| Christopher J. KuehnExecutive Vice President and Chief Financial Officer | Adopt | 10/31/2025 | 5/4/2026 | Sale of up to 11,275(3) shares of common stock |
Table 19 after “EXHIBITS AND FINANCIAL STATEMENT SCHEDULES”
Download CSV| (a) 1. | Financial StatementsSee Item 8. |
| 2. | Financial Statement Schedules |
| Schedules have been omitted because the required information is not applicable or because the required information is included elsewhere in this Annual Report on Form 10-K. | |
| 3. | Exhibits |
| The exhibits listed on the accompanying index to exhibits are filed as part of this Annual Report on Form 10-K. |
Table 20 after “(a) Exhibits”
Download CSV| Exhibit No. | Description | Method of Filing |
| 2.1 | Agreement and Plan of Merger, dated as of April 30, 2019, by and among the Company, Gardner Denver Holdings, Inc., Ingersoll-Rand U.S. HoldCo, Inc. and Charm Merger Sub Inc. | Incorporated by reference to Exhibit 2.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on May 6, 2019. |
| 2.2 | Separation and Distribution Agreement, dated as of April 30, 2019, by and between Ingersoll-Rand plc and Ingersoll-Rand U.S. HoldCo, Inc. | Incorporated by reference to Exhibit 2.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on May 6, 2019). |
| 3.1 | Constitution of the Company, as amended and restated on June 2, 2016 | Incorporated by reference to Exhibit 3.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 7, 2016. |
| 3.2 | Amendment to the Constitution of the Company dated March 2, 2020 | Incorporated by reference to Exhibit 3.2 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| The Company and its subsidiaries are parties to several long-term debt instruments under which, in each case, the total amount of securities authorized does not exceed 10% of the total assets of the Company and its subsidiaries on a consolidated basis. | Pursuant to paragraph 4 (iii)(A) of Item 601 (b) of Regulation S-K, the Company agrees to furnish a copy of such instruments to the Securities and Exchange Commission upon request. | |
| 4.1 | Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. |
| 4.2 | First Supplemental Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee, relating to the 2.875% Senior Notes due 2019. | Incorporated by reference to Exhibit 4.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. |
Table 21 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.3 | Second Supplemental Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee, relating to the 4.250% Senior Notes due 2023. | Incorporated by reference to Exhibit 4.3 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. |
| 4.4 | Third Supplemental Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee, relating to the 5.750% Senior Notes due 2043. | Incorporated by reference to Exhibit 4.4 to the Company' s Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. |
| 4.5 | Fourth Supplemental Indenture, dated as of November 20, 2013, among Ingersoll-Rand Global Holding Company Limited, a Bermuda company, Ingersoll-Rand Company Limited, a Bermuda company, Ingersoll-Rand International Holding Limited, a Bermuda company, Ingersoll-Rand plc, an Irish public limited company, Ingersoll-Rand Company, a New Jersey corporation, and The Bank of New York Mellon, as Trustee, to the Indenture dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on November 26, 2013. |
| 4.6 | Fifth Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand Company, as co-obligor, Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Luxembourg Finance S.A., as guarantors, and The Bank of New York Mellon, as Trustee, to an Indenture, dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.5 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. |
| 4.7 | Sixth Supplemental Indenture, dated as of December 18, 2015, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand Company, as co-obligor, Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Luxembourg Finance S.A., and Ingersoll-Rand Lux International Holding Company S.à.r.l. as guarantors, and The Bank of New York Mellon, as Trustee, to an Indenture, dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.21 to the Company's Form 10-K for the fiscal year ended 2015 (File No. 001-34400) filed with the SEC on February 12, 2016. |
| 4.8 | Seventh Supplemental Indenture, dated as of April 5, 2016, by and among Ingersoll-Rand Global Holding company Limited, as issuer, Ingersoll-Rand Company, as co-obligor, Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., and Ingersoll-Rand Irish Holdings Unlimited Company, as guarantors, and The Bank of New York Mellon, as Trustee, to an indenture, dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.19 to the Company's Form 10-K for the fiscal year ended 2016 (File No. 001-34400) filed with the SEC on February 13, 2017. |
Table 22 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.9 | Eighth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.9 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.10 | Ninth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.10 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.11 | Tenth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies HoldCo Inc., Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC, and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.11 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.12 | Eleventh Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies HoldCo Inc., Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC, and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. | Incorporated by reference to Exhibit 4.12 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.13 | Twelfth Supplemental Indenture, dated as of April 30, 2021, by and among Trane Technologies HoldCo Inc., Trane Technologies Company LLC, Trane Technologies Global Holding Company Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company and Trane Technologies Financing Limited and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.13 to the Company's 2021 Form 10-K (File No. 001-34400) filed with the SEC on February 7, 2022. |
| 4.14 | Thirteenth Supplemental Indenture, dated as of November 20, 2023, by and among Trane Technologies HoldCo Inc., Trane Technologies Company LLC, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company,Trane Technologies Financing Limited, Trane Technologies Americas Holding Corporation, and Trane Technologies Global Holding II Company Limited, and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.14 to the Company's 2023 Form 10-K (File No. 001-34400) filed with the SEC on February 8, 2024. |
Table 23 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.15 | Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. |
| 4.16 | First Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee, relating to the 2.625% Senior Notes due 2020. | Incorporated by reference to Exhibit 4.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. |
| 4.17 | Second Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee, relating to the 3.550% Senior Notes due 2024. | Incorporated by reference to Exhibit 4.3 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. |
| 4.18 | Third Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee, relating to the 4.650% Senior Notes due 2044. | Incorporated by reference to Exhibit 4.4 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. |
| 4.19 | Fourth Supplemental Indenture, dated as of December 18, 2015, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company, Ingersoll-Rand Global Holding Company Limited, and Ingersoll-Rand Lux International Holding Company S.à.r.l. as guarantors, and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.27 to the Company's Form 10-K for the fiscal year ended 2015 (File No. 001-34400) filed with the SEC on February 12, 2016. |
| 4.20 | Fifth Supplemental Indenture, dated as of April 5, 2016, by and among Ingersoll-Rand Luxembourg Finance S.A., as Issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand Company, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company, as guarantors, and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.25 to the Company's Form 10-K for the fiscal year ended 2016 (File No. 001-34400) filed with the SEC on February 13, 2017. |
| 4.21 | Sixth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and the Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.19 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
Table 24 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.22 | Seventh Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, and the Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.20 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.23 | Eighth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, and the Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.21 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.24 | Ninth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, and the Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.22 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.25 | Tenth Supplemental Indenture dated as of April 30, 2021, by and among Trane Technologies Financing Limited, Trane Technologies Global Holding Company Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and Trane Technologies Company LLC and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.24 to the Company's 2021 Form 10-K (File No. 001-34400) filed with the SEC on February 7, 2022. |
| 4.26 | Eleventh Supplemental Indenture dated as of November 20, 2023, by and among Trane Technologies Financing Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, Trane Technologies Americas Holding Corporation, and Trane Technologies Global Holding II Company Limited, and The Bank of New York Mellon, as Trustee. | Incorporated by reference to Exhibit 4.26 to the Company's 2023 Form 10-K (File No. 001-34400) filed with the SEC on February 8, 2024. |
| 4.27 | Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee. | Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. |
Table 25 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.28 | First Supplemental Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 2.900% Senior Notes due 2021. | Incorporated by reference to Exhibit 4.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. |
| 4.29 | Second Supplemental Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 3.750% Senior Notes due 2028. | Incorporated by reference to Exhibit 4.4 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. |
| 4.30 | Third Supplemental Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 4.300% Senior Notes due 2048. | Incorporated by reference to Exhibit 4.6 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. |
| 4.31 | Fourth Supplemental Indenture, dated as of March 21, 2019, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 3.500% Senior Notes due 2026. | Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on March 26, 2019. |
| 4.32 | Fifth Supplemental Indenture, dated as of March 21, 2019, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 3.800% Senior Notes due 2029. | Incorporated by reference to Exhibit 4.3 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on March 26, 2019. |
| 4.33 | Sixth Supplemental Indenture, dated as of March 21, 2019, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 4.500% Senior Notes due 2049. | Incorporated by reference to Exhibit 4.5 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on March 26, 2019. |
Table 26 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.34 | Seventh Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Company, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc. and Wells Fargo Bank, National Association, as Trustee. | Incorporated by reference to Exhibit 4.30 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.35 | Eighth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC and Wells Fargo Bank, National Association, as Trustee. | Incorporated by reference to Exhibit 4.31 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.36 | Ninth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC and Wells Fargo Bank, National Association, as Trustee. | Incorporated by reference to Exhibit 4.32 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.37 | Tenth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC and Wells Fargo Bank, National Association, as Trustee. | Incorporated by reference to Exhibit 4.33 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 4.38 | Eleventh Supplemental Indenture dated as of April 30, 2021, by and among Trane Technologies Financing Limited, Trane Technologies Global Holding Company Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc. and Trane Technologies Company LLC and Wells Fargo Bank, National Association. | Incorporated by reference to Exhibit 4.36 to the Company's 2021 Form 10-K (File No. 001-34400) filed with the SEC on February 7, 2022. |
| 4.39 | Twelfth Supplemental Indenture dated as of November 20, 2023, by and among Trane Technologies Financing Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holding Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, Trane Technologies Americas Holding Corporation, and Trane Technologies Global Holding II Company Limited, and Computershare Trust Company, N.A. acting as Trustee. | Incorporated by reference to Exhibit 4.39 to the Company's 2023 Form 10-K (File No. 001-34400) filed with the SEC on February 8, 2024. |
Table 27 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 4.41 | Indenture, dated as of March 3, 2023, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding Company Limited, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Computershare Trust Company, N.A., as Trustee, relating to the 5.250% Senior Notes due 2033. | Incorporated by reference to Exhibit 4.1 to the Company's 2023 Form 8-K (File No. 001-34400) filed with the SEC on March 3, 2023. |
| 4.42 | Supplemental Indenture, dated as of March 3, 2023, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding Company Limited, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Computershare Trust Company, N.A., as Trustee, relating to the 5.250% Senior Notes due 2033. | Incorporated by reference to Exhibit 4.2 to the Company's 2023 Form 8-K (File No. 001-34400) filed with the SEC on March 3, 2023. |
| 4.43 | Second Supplemental Indenture, dated as of November 20, 2023, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding Company Limited, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, Trane Technologies Americas Holding Corporation and Trane Technologies Global Holding II Company Limited, as New Guarantors and Computershare Trust Company, N.A., as Trustee, relating to the 5.250% Senior Notes due 2033. | Incorporated by reference to Exhibit 4.43 to the Company's 2023 Form 10-K (File No. 001-34400) filed with the SEC on February 8, 2024. |
| 4.44 | Indenture, dated as of June 13, 2024, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding II Company Limited, Trane Technologies Americas Holding Corporation, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Computershare Trust Company, N.A., as Trustee, relating to the 5.100% Senior Notes due 2034. | Incorporated by reference to Exhibit 4.1 to the Company's 2023 Form 8-K (File No. 001-34400) filed with the SEC on June 13, 2024. |
| 4.45 | Supplemental Indenture, dated as of June 13, 2024, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding II Company Limited, Trane Technologies Americas Holding Corporation, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Computershare Trust Company, N.A., as Trustee, relating to the 5.100% Senior Notes due 2034. | Incorporated by reference to Exhibit 4.2 to the Company's 2023 Form 8-K (File No. 001-34400) filed with the SEC on June 13, 2024. |
| 4.46 | Description of Registrant's Securities | Filed herewith. |
| 10.1* | Form of Global Stock Option Award Agreement (January 2025). | Incorporated by reference to Exhibit 10.1 to the Company's 2024 Form 10-K (File No. 001-34400) filed with the SEC on February 6, 2025. |
Table 28 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 10.2* | Form of Global Restricted Stock Unit Award Agreement (January 2025). | Incorporated by reference to Exhibit 10.2 to the Company's 2024 Form 10-K (File No. 001-34400) filed with the SEC on February 6, 2025. |
| 10.3* | Form of Global Performance Stock Unit Award Agreement (January 2025). | Incorporated by reference to Exhibit 10.3 to the Company's 2024 Form 10-K (File No. 001-34400) filed with the SEC on February 6, 2025. |
| 10.4 | Credit Agreement dated April 25, 2022 among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, J.P. Morgan Securities LLC and BNP Paribas, as Sustainability Structuring Agents, Bank of America, N.A., BNP Paribas, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, MUFG Bank, Ltd. and U.S. Bank, N.A., as Documentation Agents, and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto. | Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on April 28, 2022. |
| 10.5 | First Amendment dated as of September 20, 2023 September 20, 2023, to the Credit Agreement dated as of April 25, 2022 (the “Existing Credit Agreement” and as amended by this Amendment, the “Amended Credit Agreement”), among Trane Technologies Holdco Inc., a Delaware corporation (“Trane Holdco”), Trane Technologies Global Holding Company Limited, a Delaware corporation (“Trane Global”), Trane Technologies Financing Limited. | Incorporated by reference to Exhibit 10.2 to the Company's Q3 2023 Form 10-Q (file No. 001-34400) filed with the SEC on November 1, 2023. |
| 10.6 | Consent and Second Amendment dated as of November 20, 2023, to the Credit Agreement dated as of April 25, 2022, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited, Trane Technologies Financing Limited, as Borrowers; Trane Technologies PLC, as Guarantor; and JPMorgan Chase Bank N.A. as Administrative Agent. | Incorporated by reference to Exhibit 10.10 to the Company's 2023 Form 10-K (File No. 001-34400) filed with the SEC on February 8, 2024. |
| 10.7 | Credit Agreement dated May 27, 2025 among Trane Technologies Holdco Inc., Trane Technologies Financing Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Americas Holding Corporation, Trane Technologies Global Holding II Company Limited, and Trane Technologies Company LLC; JPMorgan Chase Bank, N.A., as Administrative Agent; Citibank, N.A., as Syndication Agent; BNP Paribas Securities Corporation, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, Mizuho Bank, Ltd., and U.S. Bank National Association as Documentation Agents; and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Paribas Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto. | Incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K (File No. 001-34400) filed on May 28, 2025. |
Table 29 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 10.8 | Deed Poll Indemnity of Trane Technologies plc dated August 2, 2022 | Incorporated by reference to Exhibit 10.1 to the Company's Q2 2022 Form 10-Q (File No. 001-34400) filed with the SEC on August 3, 2022. |
| 10.9 | Deed Poll Indemnity of Trane Technologies Lux International Holding company S.à r.l. dated August 2, 2022 | Incorporated by reference to Exhibit 10.2 to the Company's Q2 2022 Form 10-Q (File No. 001-34400) filed with the SEC on August 3, 2022. |
| 10.10* | Trane Technologies Incentive Stock Plan of 2013 (amended and restated as of March 2, 2020). | Incorporated by reference to Exhibit 10.9 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 10.11* | Trane Technologies Incentive Stock Plan of 2018 (amended and restated as of March 2, 2020). | Incorporated by reference to Exhibit 10.10 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 10.12* | Trane Technologies Executive Deferred Compensation Plan (as amended and restated effective May 4, 2020). | Incorporated by reference to Exhibit 10.11 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 10.13* | Trane Technologies Executive Deferred Compensation Plan II (as amended and restated effective May 4, 2020). | Incorporated by reference to Exhibit 10.13 to the Company's 2021 Form 10-K (File No. 001-34400) filed with the SEC on February 7, 2022. |
| 10.14* | Trane Technologies Director Deferred Compensation and Stock Award Plan (as amended and restated effective March 2, 2020). | Incorporated by reference to Exhibit 10.13 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
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Table 30 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 10.26* | Form of Tier 2 Change in Control Agreement (New Officers on or after May 19, 2009). | Incorporated by reference to Exhibit 10.33 to the Company's Form 10-Q for the period ended June 30, 2009 (File No. 001-34400) filed with the SEC on August 6, 2009. |
| 10.27* | Amended and Restated Major Restructuring Severance Plan (as amended and restated effective May 4, 2020). | Incorporated by reference to Exhibit 10.27 to the Company's 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. |
| 10.28* | David S. Regnery Letter, dated as of September 1, 2017. | Incorporated by reference to Exhibit 10.44 to the Company's Form 10-K for the year ended December 31, 2018 (File No. 001-34400) filed with the SEC on February 12, 2019. |
| 10.29* | David S. Regnery Letter, dated as of December 9, 2019. | Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on December 11, 2019. |
| 10.30* | David S. Regnery Letter, dated as of June 3, 2021. | Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (Filed No. 001-34400) filed with the SEC on June 4, 2021. |
| 10.31* | Christopher J. Kuehn Letter, dated as of December 10, 2019. | Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on December 10, 2019. |
| 10.32* | Beth Elwell Offer Letter dated January 4, 2024 | Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on January 10, 2024. |
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Table 31 after “Table of Contents”
Download CSV| Exhibit No. | Description | Method of Filing |
| 97.2 | Trane Technologies Financing Limited Clawback / Recoupment Policy | Incorporated by reference to Exhibit 97.2 to the Company's 2024 Form 10-K (File No. 001-34400) filed with the SEC on February 6, 2025. |
| 101 | The following materials from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in iXBRL (Inline Extensible Business Reporting Language): (i) the Consolidated Statements of Earnings, (ii) the Consolidated Statements of Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Equity, (v) the Consolidated Statements of Cash Flows, and (vi) Notes to Consolidated Financial Statements. | Furnished herewith. |
| 104 | Cover Page Interactive Data File (embedded within the iXBRL document and contained in Exhibit 101). | Filed herewith. |
Table 32 after “Pursuant to the requirement of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the re”
Download CSV| Signature | Title | Date |
| /s/ David S. Regnery | Chair of the Board and Chief Executive Officer (Principal Executive Officer) | February 5, 2026 |
| (David S. Regnery) | ||
| /s/ Christopher J. Kuehn | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | February 5, 2026 |
| (Christopher J. Kuehn) | ||
| /s/ Elizabeth Elwell | Vice President and Chief Accounting Officer (Principal Accounting Officer) | February 5, 2026 |
| (Elizabeth Elwell) | ||
| /s/ Kirk E. Arnold | Director | February 5, 2026 |
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Table 33 after “Index to Consolidated Financial Statements”
Download CSV| Report of Independent Registered Public Accounting Firm (PCAOB ID 238) | F-2 |
| Consolidated Statements of Earnings | F-4 |
| Consolidated Statements of Comprehensive Income | F-5 |
| Consolidated Balance Sheets | F-6 |
| Consolidated Statements of Equity | F-7 |
| Consolidated Statements of Cash Flows | F-8 |
| Notes to Consolidated Financial Statements | F-9 |
Table 34 after “In millions, except per share amounts”
Download CSV| For the years ended December 31, | 2025 | 2024 | 2023 | ||
| Net revenues | |||||
| Products | $13,982.3 | $13,314.5 | $11,975.4 | ||
| Services | 7,339.6 | 6,523.7 | 5,702.2 | ||
| 21,321.9 | 19,838.2 | 17,677.6 | |||
| Costs and expenses | |||||
| Cost of products sold | (9,426.5) | (8,927.9) | (8,414.2) | ||
| Cost of services sold | (4,185.2) | (3,829.8) | (3,406.2) |
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Table 35 after “In millions”
Download CSV| For the years ended December 31, | 2025 | 2024 | 2023 | ||
| Net earnings | $2,935.7 | $2,589.5 | $2,041.7 | ||
| Other comprehensive income (loss): | |||||
| Currency translation | 362.1 | (201.6) | 72.5 | ||
| Cash flow hedges | |||||
| Unrealized net gains (losses) arising during period | 42.9 | (6.8) | (4.4) | ||
| Net (gains) losses reclassified into earnings | (12.3) | 1.0 | 13.5 | ||
| Tax (expense) benefit | (7.5) | 1.4 | (1.6) |
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Table 36 after “In millions, except share amounts”
Download CSV| December 31, | 2025 | 2024 | |
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $1,763.3 | $1,590.1 | |
| Accounts and notes receivable, net | 3,235.3 | 3,090.2 | |
| Inventories | 2,103.6 | 1,971.5 | |
| Other current assets | 760.8 | 686.0 | |
| Total current assets | 7,863.0 | 7,337.8 |
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Table 37 after “Consolidated Statements of Equity”
Download CSV| Trane Technologies plc shareholders' equity | ||||||||||||
| In millions, except per share amounts | Total equity | Ordinary shares | Ordinary shares held in treasury, at cost | Capital in excess of par value | Retained earnings | Accumulated other comprehensive income (loss) | Noncontrolling Interest | |||||
| Amount at par value | Shares | |||||||||||
| Balance at December 31, 2022 | $6,105.2 | $253.3 | 253.3 | $(1,719.4) | $— | $8,320.9 | $(766.2) | $16.6 | ||||
| Net earnings | 2,041.7 | — | — | — | — | 2,023.9 | — | 17.8 | ||||
| Other comprehensive income (loss) | 95.7 | — | — | — | — | — | 95.4 | 0.3 | ||||
| Shares issued under incentive stock plans | 79.3 | 1.7 | 1.7 | — | 77.6 | — | — | — | ||||
| Repurchase of ordinary shares | (669.3) | (3.3) | (3.3) | — | (142.1) | (523.9) | — | — |
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Table 38 after “In millions”
Download CSV| For the years ended December 31, | 2025 | 2024 | 2023 | ||
| Cash flows from operating activities: | |||||
| Net earnings | $2,935.7 | $2,589.5 | $2,041.7 | ||
| Discontinued operations, net of tax | 37.0 | 24.7 | 27.2 | ||
| Adjustments for non-cash transactions: | |||||
| Depreciation and amortization | 376.3 | 379.4 | 348.1 | ||
| Pension and other postretirement benefits | 34.8 | 40.6 | 51.0 | ||
| Stock settled share-based compensation | 86.6 | 82.9 | 64.3 |
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Table 39 after “The range of useful lives used to depreciate property, plant and equipment is as follows:”
Download CSV| Buildings | 10 | to | 50 | years |
| Machinery and equipment | 2 | to | 12 | years |
| Software | 2 | to | 7 | years |
Table 40 after “At December 31, the major classes of inventory were as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Raw materials | $595.7 | $612.3 | |
| Work-in-process | 375.1 | 374.4 | |
| Finished goods | 1,352.4 | 1,153.5 | |
| 2,323.2 | 2,140.2 | ||
| LIFO reserve | (219.6) | (168.7) | |
| Total | $2,103.6 | $1,971.5 |
Table 41 after “At December 31, the major classes of property, plant and equipment were as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Land | $43.1 | $41.1 | |
| Buildings | 1,034.2 | 935.8 | |
| Machinery and equipment | 2,816.3 | 2,478.2 | |
| Software | 740.3 | 752.5 | |
| 4,633.9 | 4,207.6 | ||
| Accumulated depreciation | (2,382.6) | (2,183.1) | |
| Total | $2,251.3 | $2,024.5 |
Table 42 after “The changes in the carrying amount of goodwill are as follows:”
Download CSV| In millions | Americas | EMEA | Asia Pacific | Total | ||
| Net balance as of December 31, 2023 | $4,675.3 | $869.0 | $551.0 | $6,095.3 | ||
| Acquisitions (1) | 102.4 | — | — | 102.4 | ||
| Measurement period adjustments | (2.2) | 1.8 | — | (0.4) | ||
| Currency translation | (6.4) | (49.2) | (13.8) | (69.4) | ||
| Net balance as of December 31, 2024 | 4,769.1 | 821.6 | 537.2 | 6,127.9 | ||
| Acquisitions (1) | 169.4 | 22.8 | — | 192.2 | ||
| Measurement period adjustments | (1.2) | (1.8) | — | (3.0) |
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Table 43 after “The following table sets forth the gross amount and related accumulated amortization of the Company's intangible assets at December 31:”
Download CSV| 2025 | 2024 | |||||||||
| In millions | Gross carrying amount | Accumulated amortization | Net carrying amount | Gross carrying amount | Accumulated amortization | Net carrying amount | ||||
| Customer relationships | $2,452.4 | $(2,021.4) | $431.0 | $2,418.4 | $(1,875.4) | $543.0 | ||||
| Other | 505.3 | (309.3) | 196.0 | 423.1 | (267.1) | 156.0 | ||||
| Total finite-lived intangible assets | $2,957.7 | $(2,330.7) | $627.0 | $2,841.5 | $(2,142.5) | $699.0 | ||||
| Trademarks (indefinite-lived) | 2,609.7 | — | 2,609.7 | 2,609.2 | — | 2,609.2 | ||||
| Total | $5,567.4 | $(2,330.7) | $3,236.7 | $5,450.7 | $(2,142.5) | $3,308.2 |
Table 44 after “Future estimated amortization expense on existing intangible assets in the next five years as of December 31, 2025 amounts to approximately:”
Download CSV| In millions | |
| 2026 | $112 |
| 2027 | 84 |
| 2028 | 63 |
| 2029 | 61 |
| 2030 | 60 |
Table 45 after “consisted of the following:”
Download CSV| In millions | 2025 | 2024 | |
| Debentures with put feature | $293.1 | $295.0 | |
| 7.200% Debentures due June 2025 | — | 7.5 | |
| 6.480% Senior Notes due June 2025 | — | 149.7 | |
| 3.500% Senior Notes due March 2026 | 399.9 | — | |
| Total | $693.0 | $452.2 |
Table 46 after “excluding current maturities consisted of:”
Download CSV| In millions | 2025 | 2024 | |
| 3.500% Senior Notes due 2026 | $— | $399.4 | |
| 3.750% Senior Notes due 2028 | 548.5 | 547.9 | |
| 3.800% Senior Notes due 2029 | 747.8 | 747.1 | |
| 5.250% Senior Notes due 2033 | 694.7 | 694.0 | |
| 5.100% Senior Notes due 2034 | 494.9 | 494.3 | |
| 5.750% Senior Notes due 2043 | 495.9 | 495.7 | |
| 4.650% Senior Notes due 2044 | 296.9 | 296.7 |
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Table 47 after “including current maturities, as of December 31, 2025 are as follows:”
Download CSV| In millions | |
| 2026 | $693.0 |
| 2027 | — |
| 2028 | 548.5 |
| 2029 | 747.8 |
| 2030 | — |
| Thereafter | 2,625.8 |
| Total | $4,615.1 |
Table 48 after “The Company's obligations to its suppliers, including the amounts due and scheduled payment dates, are not impacted by the suppliers' decisi”
Download CSV| In millions | 2025 | 2024 |
| Balance outstanding at beginning of year | $272.8 | $246.0 |
| Invoices confirmed during year | 1,102.0 | 1,026.2 |
| Confirmed invoices paid during year | (1,129.9) | (999.4) |
| Balance outstanding at end of year | $244.9 | $272.8 |
Table 49 after “The following table presents the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis”
Download CSV| In millions | Fair Value | Fair value measurements | ||||
| Level 1 | Level 2 | Level 3 | ||||
| Assets: | ||||||
| Derivative instruments | $28.5 | $— | $28.5 | $— | ||
| Liabilities: | ||||||
| Derivative instruments | 6.4 | — | 6.4 | — |
Table 50 after “The following table presents the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis”
Download CSV| In Millions | Fair Value | Fair value measurements | ||||
| Level 1 | Level 2 | Level 3 | ||||
| Assets: | ||||||
| Derivative instruments | $2.5 | $— | $2.5 | $— | ||
| Liabilities: | ||||||
| Derivative instruments | 8.9 | — | 8.9 | — | ||
| Contingent consideration | 61.2 | — | — | 61.2 |
Table 51 after “The changes in the fair value of the Company's Level 3 liabilities during the years ended December 31, 2025 and 2024 are as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Balance at beginning of period | $61.2 | $90.3 | |
| Change in fair value of contingent consideration | (61.2) | (25.0) | |
| Measurement period adjustment | — | (4.1) | |
| Balance at end of period | $— | $61.2 |
Table 52 after “The following table includes a summary of the Company's lease portfolio and Balance Sheet classification:”
Download CSV| In millions | Classification | December 31, 2025 | December 31, 2024 | |
| Assets | ||||
| Operating lease right-of-use assets (1) | Other noncurrent assets | $809.7 | $602.6 | |
| Liabilities | ||||
| Operating lease current | Other current liabilities | 222.0 | 173.5 | |
| Operating lease noncurrent | Other noncurrent liabilities | 602.7 | 441.2 | |
| Weighted average remaining lease term | 4.9 years | 5.0 years | ||
| Weighted average discount rate | 4.9% | 4.6% |
Table 53 after “The following table includes lease costs and related cash flow information for the years ended December 31:”
Download CSV| In millions | 2025 | 2024 | |
| Operating lease expense | $244.1 | $197.8 | |
| Variable lease expense | 39.1 | 35.6 | |
| Cash paid for amounts included in the measurement of lease liabilities: | |||
| Operating cash flows from operating leases | 241.1 | 195.4 | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 404.6 | 244.9 |
Table 54 after “Maturities of lease obligations were as follows:”
Download CSV| In millions | December 31, 2025 |
| Operating leases: | |
| 2026 | $259.8 |
| 2027 | 213.2 |
| 2028 | 166.7 |
| 2029 | 123.3 |
| 2030 | 69.2 |
| After 2030 | 118.0 |
First 8 of 11 rows. The CSV has all of them.
Table 55 after “The following table details information regarding the Company's pension plans at December 31:”
Download CSV| In millions | 2025 | 2024 | |
| Change in benefit obligations: | |||
| Benefit obligation at beginning of year | $2,239.1 | $2,412.5 | |
| Service cost | 29.2 | 32.1 | |
| Interest cost | 110.6 | 112.9 | |
| Employee contributions | 1.0 | 1.0 | |
| Actuarial (gains) losses (1) | 18.6 | (94.5) | |
| Benefits paid | (155.4) | (179.3) |
First 8 of 29 rows. The CSV has all of them.
Table 56 after “were as follows:”
Download CSV| In millions | Prior service benefit (cost) | Net actuarial gains (losses) | Total | ||
| December 31, 2024 | $(14.8) | $(464.7) | $(479.5) | ||
| Current year changes recorded to AOCI | 0.1 | 33.2 | 33.3 | ||
| Amortization reclassified to earnings | 2.8 | 15.7 | 18.5 | ||
| Settlements/curtailments reclassified to earnings | — | 36.3 | 36.3 | ||
| Currency translation and other | (0.9) | (9.3) | (10.2) | ||
| December 31, 2025 | $(12.8) | $(388.8) | $(401.6) |
Table 57 after “Weighted-average assumptions used to determine the benefit obligation at December 31 were as follows:”
Download CSV| 2025 | 2024 | ||
| Discount rate: | |||
| U.S. plans | 5.31% | 5.62% | |
| Non-U.S. plans | 4.87% | 4.75% | |
| Rate of compensation increase: | |||
| U.S. plans | 4.03% | 4.03% | |
| Non-U.S. plans | 3.90% | 4.08% |
Table 58 after “Pension benefit payments are expected to be paid as follows:”
Download CSV| In millions | |
| 2026 | $183.2 |
| 2027 | 205.6 |
| 2028 | 161.0 |
| 2029 | 157.2 |
| 2030 | 160.9 |
| 2031-2035 | 769.9 |
Table 59 after “The components of the Company's net periodic pension benefit costs for the years ended December 31 include the following:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Service cost | $29.2 | $32.1 | $34.4 | ||
| Interest cost | 110.6 | 112.9 | 119.6 | ||
| Expected return on plan assets | (107.0) | (117.8) | (120.3) | ||
| Net amortization of: | |||||
| Prior service costs (benefits) | 2.8 | 3.0 | 3.6 | ||
| Plan net actuarial (gains) losses | 15.7 | 15.0 | 16.2 | ||
| Net periodic pension benefit cost | 51.3 | 45.2 | 53.5 |
First 8 of 15 rows. The CSV has all of them.
Table 60 after “Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 were as follows:”
Download CSV| 2025 | 2024 | 2023 | |||
| Discount rate: | |||||
| U.S. plans | |||||
| Service cost | 5.49% | 5.12% | 5.48% | ||
| Interest cost | 5.32% | 5.08% | 5.35% | ||
| Non-U.S. plans | |||||
| Service cost | 4.47% | 4.38% | 4.82% | ||
| Interest cost | 4.62% | 4.18% | 4.65% |
First 8 of 14 rows. The CSV has all of them.
Table 61 after “The fair values of the Company's pension plan assets at December 31, 2025 by asset category were as follows:”
Download CSV| Fair value measurements | Net asset value | Total fair value | ||||||
| In millions | Level 1 | Level 2 | Level 3 | |||||
| Cash and cash equivalents | $4.4 | $43.7 | $— | $— | $48.1 | |||
| Equity investments: | ||||||||
| Registered mutual funds – equity specialty | — | — | — | 65.1 | 65.1 | |||
| Commingled funds – equity specialty | — | — | — | 225.7 | 225.7 | |||
| — | — | — | 290.8 | 290.8 | ||||
| Fixed income investments: |
First 8 of 20 rows. The CSV has all of them.
Table 62 after “The fair values of the Company's pension plan assets at December 31, 2024 by asset category were as follows:”
Download CSV| Fair value measurements | Net asset value | Total fair value | ||||||
| In millions | Level 1 | Level 2 | Level 3 | |||||
| Cash and cash equivalents | $6.5 | $30.0 | $— | $— | $36.5 | |||
| Equity investments: | ||||||||
| Registered mutual funds – equity specialty | — | — | — | 73.7 | 73.7 | |||
| Commingled funds – equity specialty | — | — | — | 244.2 | 244.2 | |||
| — | — | — | 317.9 | 317.9 | ||||
| Fixed income investments: |
First 8 of 20 rows. The CSV has all of them.
Table 63 after “The following table details changes in the Company's postretirement plan benefit obligations for the years ended December 31:”
Download CSV| In millions | 2025 | 2024 | |
| Benefit obligation at beginning of year | $222.7 | $241.3 | |
| Service cost | 1.0 | 1.2 | |
| Interest cost | 10.9 | 11.5 | |
| Actuarial (gains) losses | 8.2 | (5.6) | |
| Benefits paid, net of Medicare Part D subsidy | (26.1) | (25.3) | |
| Other | 0.3 | (0.4) | |
| Benefit obligations at end of year | $217.0 | $222.7 |
Table 64 after “The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows:”
Download CSV| In millions | December 31, 2025 | December 31, 2024 | |
| Accrued compensation and benefits | $(26.0) | $(27.9) | |
| Postemployment and other benefit liabilities | (191.0) | (194.8) | |
| Total | $(217.0) | $(222.7) |
Table 65 after “were as follows:”
Download CSV| In millions | Prior service benefit (cost) | Net actuarial gains (losses) | Total | ||
| Balance at December 31, 2024 | $(2.1) | $107.2 | $105.1 | ||
| Current year changes recorded to AOCI | — | (8.2) | (8.2) | ||
| Amortization reclassified to earnings | 0.6 | (12.8) | (12.2) | ||
| Balance at December 31, 2025 | $(1.5) | $86.2 | $84.7 |
Table 66 after “The components of net periodic postretirement benefit cost for the years ended December 31 were as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Service cost | $1.1 | $1.2 | $1.4 | ||
| Interest cost | 10.9 | 11.5 | 13.3 | ||
| Net amortization of: | |||||
| Prior service costs (benefits) | 0.6 | 0.6 | 0.6 | ||
| Plan net actuarial (gains) losses | (12.8) | (13.2) | (13.0) | ||
| Net periodic postretirement benefit cost | $(0.2) | $0.1 | $2.3 | ||
| Amounts recorded in continuing operations: |
First 8 of 12 rows. The CSV has all of them.
Table 67 after “Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31 were as follows:”
Download CSV| 2025 | 2024 | 2023 | |||
| Discount rate: | |||||
| Benefit obligations at December 31 | 5.15% | 5.57% | 5.17% | ||
| Net periodic benefit cost: | |||||
| Service cost | 5.58% | 5.19% | 5.54% | ||
| Interest cost | 5.25% | 5.12% | 5.38% | ||
| Assumed health-care cost trend rates at December 31: | |||||
| Current year medical inflation | 6.50% | 6.51% | 6.28% |
First 8 of 10 rows. The CSV has all of them.
Table 68 after “Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expe”
Download CSV| In millions | |
| 2026 | $26.6 |
| 2027 | 25.5 |
| 2028 | 24.0 |
| 2029 | 22.5 |
| 2030 | 21.2 |
| 2031—2035 | 84.1 |
Table 69 after “by geography and major type of good or service for the years ended at December 31 were as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Americas | |||||
| Equipment | $11,212.6 | $10,608.2 | $9,259.7 | ||
| Services | 5,956.2 | 5,295.0 | 4,572.3 | ||
| Total Americas | $17,168.8 | $15,903.2 | $13,832.0 | ||
| EMEA | |||||
| Equipment | $1,899.4 | $1,780.3 | $1,700.5 | ||
| Services | 902.7 | 776.4 | 700.7 |
First 8 of 14 rows. The CSV has all of them.
Table 70 after “The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended Dece”
Download CSV| In millions | Location on Consolidated Balance Sheet | 2025 | 2024 | |
| Contract assets - current | Other current assets | $465.0 | $427.3 | |
| Contract liabilities - current | Accrued expenses and other current liabilities | 1,374.1 | 1,310.9 | |
| Contract liabilities - noncurrent | Other noncurrent liabilities | 350.5 | 294.0 |
Table 71 after “The changes in ordinary shares issued and ordinary shares held in treasury for the year ended December 31, 2025 were as follows:”
Download CSV| In millions | Ordinary shares issued | Ordinary shares held in treasury | |
| December 31, 2024 | 249.0 | 24.5 | |
| Shares issued under incentive plans | 0.8 | — | |
| Repurchase of ordinary shares | (3.8) | — | |
| Cancellation of shares | (1.0) | (1.0) | |
| December 31, 2025 | 245.0 | 23.5 |
Table 72 after “were as follows:”
Download CSV| In millions | Derivative Instruments | Pension and OPEB Items | Foreign Currency Translation | Total | ||
| 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) | ||
| Other comprehensive income (loss) attributable to Trane Technologies plc | 23.1 | 41.9 | 360.3 | 425.3 | ||
| December 31, 2025 | $21.7 | $(144.9) | $(315.6) | $(438.8) |
Table 73 after “The following table summarizes the expenses recognized:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Stock options | $20.6 | $17.9 | $16.1 | ||
| RSUs | 28.1 | 27.3 | 23.5 | ||
| PSUs | 36.8 | 36.4 | 23.2 | ||
| Deferred compensation | 2.6 | 3.9 | 4.3 | ||
| Pre-tax expense | 88.1 | 85.5 | 67.1 | ||
| Tax benefit | (21.4) | (20.7) | (16.3) | ||
| After-tax expense | $66.7 | $64.8 | $50.8 |
Table 74 after “Grants issued during the years ended December 31 were as follows:”
Download CSV| 2025 | 2024 | 2023 | ||||||||
| Number Granted | Weighted-average fair value per award | Number Granted | Weighted-average fair value per award | Number Granted | Weighted-average fair value per award | |||||
| Stock options | 251,510 | $99.09 | 268,922 | $79.09 | 425,444 | $47.53 | ||||
| RSUs | 128,081 | $374.65 | 112,227 | $287.84 | 214,425 | $184.35 | ||||
| Performance shares (1) | 141,862 | $378.65 | 161,978 | $332.85 | 208,046 | $207.23 |
Table 75 after “The following assumptions were used during the year ended December 31:”
Download CSV| 2025 | 2024 | 2023 | |||
| Dividend yield | 0.95% | 1.11% | 1.50% | ||
| Volatility | 27.26% | 29.99% | 29.37% | ||
| Risk-free rate of return | 4.30% | 4.00% | 3.62% | ||
| Expected life in years | 4.8 | 4.8 | 4.8 |
Table 76 after “Changes in options outstanding under the plans for the years 2025, 2024 and 2023 were as follows:”
Download CSV| Shares subject to option | Weighted- average exercise price | Aggregate intrinsic value (millions) | Weighted- average remaining life (years) | |||
| December 31, 2022 | 4,150,484 | $94.06 | ||||
| Granted | 425,444 | 182.27 | ||||
| Exercised | (1,382,846) | 80.67 | ||||
| Cancelled | (21,365) | 168.18 | ||||
| December 31, 2023 | 3,171,717 | $111.23 | ||||
| Granted | 268,922 | 278.57 | ||||
| Exercised | (914,667) | 86.25 |
First 8 of 15 rows. The CSV has all of them.
Table 77 after “The following table summarizes RSU activity for the years 2025, 2024 and 2023:”
Download CSV| RSUs | Weighted- average grant date fair value | ||
| Outstanding and unvested at December 31, 2022 | 294,653 | $147.88 | |
| Granted | 214,425 | 184.35 | |
| Vested | (154,134) | 134.87 | |
| Cancelled | (13,153) | 173.28 | |
| Outstanding and unvested at December 31, 2023 | 341,791 | $175.65 | |
| Granted | 112,227 | 287.84 | |
| Vested | (134,791) | 164.69 |
First 8 of 14 rows. The CSV has all of them.
Table 78 after “The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2025, 2024 and 2023:”
Download CSV| PSUs | Weighted-average grant date fair value | ||
| Outstanding and unvested at December 31, 2022 | 609,026 | $165.02 | |
| Granted | 208,046 | 207.23 | |
| Vested | (237,586) | 147.33 | |
| Forfeited | (20,526) | 186.32 | |
| Outstanding and unvested at December 31, 2023 | 558,960 | $187.47 | |
| Granted | 161,978 | 332.85 | |
| Vested | (184,060) | 182.48 |
First 8 of 14 rows. The CSV has all of them.
Table 79 after “for the years ended December 31, 2025, 2024 and 2023 were as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Interest income | $9.0 | $35.9 | $15.4 | ||
| Foreign currency exchange loss | (15.4) | (24.1) | (20.1) | ||
| Other components of net periodic benefit credit/(cost) | (34.8) | (11.6) | (20.0) | ||
| Other activity, net | (20.9) | (20.1) | (67.5) | ||
| Other income/(expense), net | $(62.1) | $(19.9) | $(92.2) |
Table 80 after “for the years ended December 31 were taxed within the following jurisdictions:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Ireland | $793.3 | $610.5 | $199.2 | ||
| United States | 2,155.7 | 1,871.9 | 1,690.7 | ||
| Other | 729.6 | 759.4 | 677.4 | ||
| Total | $3,678.6 | $3,241.8 | $2,567.3 |
Table 81 after “for the years ended December 31 were as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Current tax expense (benefit): | |||||
| Ireland | $134.0 | $107.3 | $42.1 | ||
| U.S. Federal, State, and Local | 300.8 | 500.4 | 377.6 | ||
| Other | 157.5 | 149.0 | 132.2 | ||
| Total: | 592.3 | 756.7 | 551.9 | ||
| Deferred tax expense (benefit): | |||||
| Ireland | 0.3 | 0.3 | 0.9 |
First 8 of 16 rows. The CSV has all of them.
Table 82 after “differs from the amount of income taxes determined by applying the applicable Irish Statutory income tax rate to pretax income, as a result ”
Download CSV| 2025 | 2024 | 2023 | |||||||
| Amount | Percent | Amount | Percent | Amount | Percent | ||||
| Statutory Irish rate | $459.8 | 12.5% | $405.2 | 12.5% | $321.0 | 12.5% | |||
| Increase (decrease) in rates resulting from: | |||||||||
| Foreign tax effects: | |||||||||
| United States | |||||||||
| Statutory tax rate differences between Ireland and the U.S. | 183.2 | 5.0% | 158.8 | 4.9% | 138.6 | 5.4% | |||
| State and Local income tax, net of Federal income tax effect | 92.9 | 2.5% | 75.8 | 2.4% | 83.6 | 3.3% |
First 8 of 20 rows. The CSV has all of them.
Table 83 after “for the years ended December 31 was as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | |
| Ireland | $135.1 | $79.7 | $36.1 | |
| U.S. Federal | 233.4 | 407.0 | 263.0 | |
| U.S. State and Local | 105.7 | 102.3 | 92.9 | |
| Other | 172.9 | 128.2 | 134.1 | |
| Total | $647.1 | $717.2 | $526.1 |
Table 84 after “A summary of the deferred tax accounts at December 31 were as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Deferred tax assets: | |||
| Inventory and accounts receivable | $14.3 | $12.1 | |
| Depreciable and amortizable assets | 2.2 | 2.0 | |
| Operating lease liabilities | 196.8 | 145.0 | |
| Postemployment and other benefit liabilities | 233.9 | 254.6 | |
| Funding liability | 6.4 | 6.1 | |
| Other reserves and accruals | 250.0 | 223.9 |
First 8 of 23 rows. The CSV has all of them.
Table 85 after “At December 31, 2025, the Company had the following operating loss, capital loss and tax credit carryforwards available to offset taxable in”
Download CSV| In millions | Amount | Expiration Period | |
| U.S. Federal net operating loss carryforwards | $28.5 | 2026-Unlimited | |
| U.S. Federal credit carryforwards | 10.6 | 2026-2043 | |
| U.S. State net operating loss carryforwards | 2,168.5 | 2026-Unlimited | |
| U.S. State credit carryforwards | 25.3 | 2026-Unlimited | |
| Non-U.S. net operating loss carryforwards | 425.5 | 2026-Unlimited |
Table 86 after “Activity associated with the Company's valuation allowance is as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Beginning balance | $110.3 | $164.0 | $199.8 | ||
| Increase to valuation allowance | 7.6 | 2.8 | 24.3 | ||
| Decrease to valuation allowance | (34.0) | (44.4) | (57.8) | ||
| Write off against valuation allowance | (8.1) | (10.9) | (2.2) | ||
| Acquisition and purchase accounting | — | — | 1.3 | ||
| Accumulated other comprehensive income (loss) | 1.5 | (1.2) | (1.4) | ||
| Ending balance | $77.3 | $110.3 | $164.0 |
Table 87 after “A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Beginning balance | $86.5 | $84.9 | $82.4 | ||
| Additions based on tax positions related to the current year | 6.0 | 4.6 | 3.6 | ||
| Additions based on tax positions related to prior years | 32.8 | 8.1 | 0.6 | ||
| Reductions based on tax positions related to prior years | (27.8) | (2.8) | (0.5) | ||
| Reductions related to settlements with tax authorities | (34.5) | (2.5) | (1.4) | ||
| Reductions related to lapses of statute of limitations | (5.0) | (3.5) | (1.0) | ||
| Translation (gain) loss | 4.4 | (2.3) | 1.2 |
First 8 of 9 rows. The CSV has all of them.
Table 88 after “The amounts assigned to the major identifiable intangible asset classifications for the 2023 acquisitions were as follows:”
Download CSV| In millions | Weighted-average useful life (in years) | Fair value |
| Customer relationships | 13 | $189.9 |
| Developed technology | 9 | 107.1 |
| Other | 6 | 33.0 |
| Total intangible assets | $330.0 |
Table 89 after “for the years ended December 31 were as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Pre-tax earnings (loss) from discontinued operations | $(64.3) | $(36.2) | $(34.7) | ||
| Tax benefit (expense) | 27.3 | 11.5 | 7.5 | ||
| Discontinued operations, net of tax | $(37.0) | $(24.7) | $(27.2) |
Table 90 after “The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculati”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Weighted-average number of basic shares outstanding | 223.0 | 226.2 | 228.6 | ||
| Shares issuable under incentive share plans | 1.9 | 2.2 | 2.1 | ||
| Weighted-average number of diluted shares outstanding | 224.9 | 228.4 | 230.7 | ||
| Anti-dilutive shares | 0.3 | — | 0.4 | ||
| Dividends declared per ordinary share | $3.76 | $3.36 | $3.00 |
Table 91 after “A summary of results by reportable segment for the years ended December 31 was as follows:”
Download CSV| In millions | 2025 | 2024 | 2023 | ||
| Americas | |||||
| Segment revenues | $17,168.8 | $15,903.2 | $13,832.0 | ||
| Segment cost of goods sold | (10,908.3) | (10,249.9) | (9,262.4) | ||
| Segment selling and administrative expenses | (2,821.5) | (2,614.2) | (2,123.7) | ||
| Segment Adjusted Operating Income | $3,439.0 | $3,039.1 | $2,445.9 | ||
| Segment depreciation and amortization | 294.5 | 299.8 | 258.8 | ||
| Segment other income/(expense), net | (20.1) | (20.6) | (35.1) |
First 8 of 40 rows. The CSV has all of them.
Table 92 after “Table of Contents”
Download CSV| Capital Expenditures | December 31, | ||||
| In millions | 2025 | 2024 | 2023 | ||
| Americas | $263.4 | $244.7 | $217.2 | ||
| EMEA | 31.3 | 36.6 | 31.9 | ||
| Asia Pacific | 7.0 | 16.1 | 14.3 | ||
| Capital expenditures from reportable segments | $301.7 | $297.4 | $263.4 | ||
| Corporate capital expenditures | 81.3 | 73.2 | 37.3 | ||
| Total capital expenditures | $383.0 | $370.6 | $300.7 |
Table 93 after “At December 31, a summary of long-lived assets by geographic area were as follows:”
Download CSV| In millions | 2025 | 2024 | |
| United States | $2,072.0 | $1,936.0 | |
| Non-U.S. | 989.0 | 691.1 | |
| Total | $3,061.0 | $2,627.1 |
Table 94 after “The changes in the standard product warranty liability for the years ended December 31, were as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Balance at beginning of period | $414.6 | $373.9 | |
| Reductions for payments | (214.0) | (182.3) | |
| Accruals for warranties issued during the current period | 244.0 | 229.9 | |
| Changes to accruals related to preexisting warranties | (7.3) | (3.9) | |
| Translation | 4.9 | (3.0) | |
| Balance at end of period | $442.2 | $414.6 |
Table 95 after “The changes in the extended warranty liability for the years ended December 31, were as follows:”
Download CSV| In millions | 2025 | 2024 | |
| Balance at beginning of period | $410.4 | $349.4 | |
| Amortization of deferred revenue for the period | (153.3) | (134.6) | |
| Additions for extended warranties issued during the period | 225.9 | 194.6 | |
| Changes to accruals related to preexisting warranties | 8.5 | 3.0 | |
| Translation | 3.1 | (2.0) | |
| Balance at end of period | $494.6 | $410.4 |