v3.26.3
Equity
 9 Months Ended
Sep. 30, 2026
Stockholders' Equity Note [Abstract]  
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 September 30, 2026 or December 31, 2025.
Changes in ordinary shares and treasury shares for the nine months ended September 30, 2026 were as follows:
In millionsOrdinary shares issuedOrdinary shares held in treasury
December 31, 2025245.0 23.5 
Shares issued under incentive plans, net0.6 — 
Repurchase of ordinary shares(3.0)— 
September 30, 2026242.6 23.5 
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 December 2024, the Board of Directors authorized a share repurchase program of up to $5.0 billion of the Company's ordinary shares. During the nine months ended September 30, 2026, the Company repurchased and canceled $1,338.5 million of its ordinary shares, which left $3.4 billion remaining under the program. Additionally, during the period after September 30, 2026 through October 29, 2026, the Company repurchased approximately $150 million of its ordinary shares under the program.
Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2026 were as follows:
In millionsDerivative InstrumentsPension and OPEBForeign Currency TranslationTotal
Balance at December 31, 2025$21.7 $(144.9)$(315.6)$(438.8)
Other comprehensive income (loss) attributable to Trane Technologies plc(5.1)7.8 (74.1)(71.4)
Balance at September 30, 2026$16.6 $(137.1)$(389.7)$(510.2)
Other comprehensive income (loss) attributable to noncontrolling interests for the nine months ended September 30, 2026 included a loss of $(2.0) million related to currency translation.
The changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2025 were as follows:
In millionsDerivative InstrumentsPension and OPEBForeign Currency TranslationTotal
Balance at December 31, 2024$(1.4)$(186.8)$(675.9)$(864.1)
Other comprehensive income (loss) attributable to Trane Technologies plc13.6 (3.1)338.8 349.3 
Balance at September 30, 2025$12.2 $(189.9)$(337.1)$(514.8)