Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$ 849.9	$ 1,095.3
Accounts and notes receivable, net	2,939.8	2,956.8
Inventories	2,382.7	2,152.1
Other current assets	714.8	665.7
Total current assets	6,887.2	6,869.9
Property, plant and equipment, net	1,788.3	1,772.2
Goodwill	6,059.7	6,095.3
Intangible assets, net	3,390.9	3,439.8
Other noncurrent assets	1,215.1	1,214.7
Total assets	19,341.2	19,391.9
LIABILITIES AND EQUITY
Accounts payable	2,008.3	2,025.2
Accrued compensation and benefits	432.7	591.7
Accrued expenses and other current liabilities	2,758.8	2,634.7
Short-term borrowings and current maturities of long-term debt	902.1	801.9
Total current liabilities	6,101.9	6,053.5
Long-term debt	3,978.7	3,977.9
Postemployment and other benefit liabilities	602.2	596.9
Deferred and noncurrent income taxes	677.9	703.7
Other noncurrent liabilities	1,069.7	1,042.9
Total liabilities	12,430.4	12,374.9
Equity:
Ordinary shares	251.2	251.7
Treasury Stock, Value	(1,719.4)	(1,719.4)
Retained earnings	9,104.2	9,133.7
Accumulated other comprehensive income (loss)	(746.3)	(670.8)
Total Trane Technologies plc shareholders’ equity	6,889.7	6,995.2
Noncontrolling interests	21.1	21.8
Total equity	6,910.8	7,017.0
Total liabilities and equity	$ 19,341.2	$ 19,391.9

Represents the noncurrent portion of deferred and other tax liabilities. Deferred tax liabilities result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.

No definition available.