Trane Technologies (TT) 10-K9 Feb 212020 FY Annual reportFinancial data

Company Profile

Cover Cover

Cover Cover - USD ($) $ in Billions	12 Months Ended
Cover Cover - USD ($) $ in Billions	Dec. 31, 2020	Feb. 01, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	001-34400
Entity Registrant Name	TRANE TECHNOLOGIES PLC
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0626632
Entity Address, Address Line One	170/175 Lakeview Dr.
Entity Address, Address Line Two	Airside Business Park
Entity Address, City or Town	Swords Co. Dublin
Entity Address, Country	IE
Entity Address, Postal Zip Code	00000
Country Region	353
City Area Code	0
Local Phone Number	18707400
Title of 12(b) Security	Ordinary Shares, Par Value $1.00 per Share
Trading Symbol	TT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 21.2
Entity Common Stock, Shares Outstanding		238,428,700
Documents Incorporated by Reference	Portions of the registrant’s proxy statement to be filed within 120 days of the close of the registrant’s fiscal year in connection with the registrant’s Annual General Meeting of Shareholders to be held June 3, 2021 are incorporated by reference into Part II and Part III of this Form 10-K.
Entity Central Index Key	0001466258
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other comprehensive income (loss)
Net revenues	$ 12,454.7	$ 13,075.9	$ 12,343.8
Cost of goods sold	(8,651.3)	(9,085.5)	(8,582.5)
Selling and administrative expenses	(2,270.6)	(2,320.3)	(2,249.2)
Operating income (loss)	1,532.8	1,670.1	1,512.1
Interest expense	(248.7)	(242.8)	(221)
Other, net	4.1	(28.4)	(33.3)
Earnings (loss) before income taxes	1,288.2	1,398.9	1,257.8
Benefit (provision) for income taxes	(296.8)	(238.6)	(234.9)
Earnings (loss) from continuing operations	991.4	1,160.3	1,022.9
Discontinued operations, net of tax	(121.4)	268.2	334.6
Net earnings	870	1,428.5	1,357.5
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest	(14.2)	(15.2)	(15.1)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	(0.9)	(2.4)	(4.8)
Net earnings (loss) attributable to Trane Technologies plc	854.9	1,410.9	1,337.6
Amounts attributable to Trane Technologies plc ordinary shareholders:
Continuing operations	977.2	1,145.1	1,007.8
Discontinued operations	(122.3)	265.8	329.8
Net earnings (loss) attributable to Trane Technologies plc	$ 854.9	$ 1,410.9	$ 1,337.6
Basic:
Continuing operations	$ 4.07	$ 4.74	$ 4.08
Discontinued operations	(0.51)	1.10	1.33
Net earnings	3.56	5.84	5.41
Diluted:
Continuing operations	4.02	4.69	4.03
Discontinued operations	(0.50)	1.08	1.32
Net earnings	$ 3.52	$ 5.77	$ 5.35
Statements of Comprehensive Income
Net earnings	$ 870	$ 1,428.5	$ 1,357.5
Currency translation	261.5	(37.1)	(230.6)
Derivative instruments, gain (loss) recognized in Other comprehensive income (loss), effective portion, net	3.3	(2.7)	1.2
Cash flow hedges and marketable securities net gains (losses) reclassified into earnings	1.9	0.7	0.9
Cash flow hedges and marketable securities tax (expense) benefit	0	0.9	(0.1)
Total cash flow hedges and marketable securities net of tax	5.2	(1.1)	2
Pension and OPEB adjustments prior service gains (costs) for the period	(1.9)	(5.7)	(16)
Pension and OPEB adjustments net actuarial gains (losses) for the period	(52.5)	(41.9)	12.8
Pension and OPEB adjustments amortization reclassified to earnings	43.4	48.1	50.7
Pension and OPEB adjustments settlements and curtailments reclassified to earnings	(1.8)	2.2	2.5
Pension and OPEB adjustments currency translation and other	(10.4)	(1.4)	7.5
Pension and OPEB adjustments tax (expense) benefit	(0.7)	(4.7)	(17.2)
Total pension and OPEB adjustments, net of tax	(23.9)	(3.4)	40.3
Other comprehensive income (loss), net of tax	242.8	(41.6)	(188.3)
Total comprehensive income (loss), net of tax	1,112.8	1,386.9	1,169.2
Total comprehensive (income) loss attributable to noncontrolling interests	(17.8)	(18.5)	(16.9)
Total comprehensive income (loss) attributable to Trane Technologies plc	$ 1,095	$ 1,368.4	$ 1,152.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 3,289.9	$ 1,278.6
Accounts and notes receivable, net	2,202.1	2,184.6
Inventories	1,189.2	1,278.6
Other current assets	224.4	344.8
Disposal Group, Including Discontinued Operation, Assets	0	4,207.2
Total current assets	6,905.6	9,293.8
Property, plant and equipment, net	1,349.5	1,352
Goodwill	5,342.8	5,125.7
Intangible Assets, Net (Excluding Goodwill)	3,286.4	3,323.6
Other noncurrent assets	1,272.4	1,397.2
Total assets	18,156.7	20,492.3
LIABILITIES AND EQUITY
Accounts payable	1,520.2	1,381.3
Accrued compensation and benefits	451.1	442.4
Accrued expenses and other current liabilities	1,592	1,564.2
Short-term borrowings and current maturities of long-term debt	775.6	650.3
Disposal Group, Including Discontinued Operation, Liabilities	0	1,200.4
Total current liabilities	4,338.9	5,238.6
Long-term debt	4,496.5	4,922.9
Postemployment and other benefit liabilities	1,024.6	1,048.2
Deferred and noncurrent income taxes	578.5	572
Other noncurrent liabilities	1,291.1	1,398.2
Total liabilities	11,729.6	13,179.9
Equity:
Trane Technologies plc shareholders' equity Ordinary shares, $1 par value	263.3	262.8
Treasury Stock, Value	(1,719.4)	(1,719.4)
Retained earnings	8,495.3	9,730.8
Accumulated other comprehensive income (loss)	(631.5)	(1,006.6)
Total Trane Technologies plc shareholders' equity	6,407.7	7,267.6
Noncontrolling interest	19.4	44.8
Total equity	6,427.1	7,312.4
Total liabilities and equity	$ 18,156.7	$ 20,492.3

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Ordinary shares, par value, in dollars or euros per share, as stated	$ 1	$ 1
Ordinary shares issued	263,309,250	262,804,939
Ordinary shares owned by subsidiary	24,500,862	24,499,897

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Ordinary shares [Member]	Capital in excess of par value [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Noncontrolling interest [Member]	Other, net [Member]	Treasury Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value								$ (1,719.4)
Beginning balance, value at Dec. 31, 2017	$ 7,206.9	$ 274	$ 461.3	$ 8,903.2	$ (778.8)	$ 66.6
Beginning balance, shares at Dec. 31, 2017		274
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	1,357.5	$ 0	0	1,337.6	0	19.9
Other comprehensive income (loss), net of tax	(188.3)	0	0	0	(185.3)	(3)
Shares issued under incentive stock plans, value	43.1	$ 2.1	41	0	0	0
Shares issued under incentive stock plans, shares		2.1
Repurchase of ordinary shares	(900.2)	$ (9.7)	(581.2)	(309.3)	0	0
Repurchase of ordinary shares		(9.7)
Repurchase of ordinary shares	(900.2)							0
Share-based compensation	74.7	$ 0	78.8	(4.1)	0	0
Dividends to noncontrolling interests	(41.4)	0	0	0	0	(41.4)
Cash dividends, declared	(480.8)	0	0	(480.8)	0	0
Other	0	0	0.1	(0.1)	0	0		0
Ending balance, value at Dec. 31, 2018	7,064.8	$ 266.4	0	9,439.8	(964.1)	42.1
Ending balance, shares at Dec. 31, 2018		266.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value								(1,719.4)
Net earnings	1,428.5	$ 0	0	1,410.9	0	17.6
Other comprehensive income (loss), net of tax	(41.6)	0	0	0	(42.5)	0.9
Shares issued under incentive stock plans, value	72.5	$ 2.8	69.7	0	0	0
Shares issued under incentive stock plans, shares		2.8
Repurchase of ordinary shares	(750.1)	$ (6.4)	(136.1)	(607.6)	0	0
Repurchase of ordinary shares		(6.4)
Repurchase of ordinary shares	(750.1)							0
Share-based compensation	63.5	$ 0	66.4	(2.9)	0	0
Dividends to noncontrolling interests	(15.8)	0	0	0	0	(15.8)
Cash dividends, declared	(509.5)	0	0	(509.5)	0	0
Other	0.1		0	0.1			$ 0
Ending balance, value at Dec. 31, 2019	7,312.4	$ 262.8	0	9,730.8	(1,006.6)	44.8
Ending balance, shares at Dec. 31, 2019		262.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value	(1,719.4)							(1,719.4)
Net earnings	870	$ 0	0	854.9	0	15.1
Other comprehensive income (loss), net of tax	242.8	0	0	0	240.1	2.7
Shares issued under incentive stock plans, value	64.5	$ 2.3	62.2	0	0	0
Shares issued under incentive stock plans, shares		2.3
Repurchase of ordinary shares	(250)	$ (1.8)	(135.6)	(112.6)	0	0
Repurchase of ordinary shares		(1.8)
Repurchase of ordinary shares	(250)							0
Share-based compensation	66.3	$ 0	69.5	(3.2)	0	0
Dividends to noncontrolling interests	(18.3)	0	0	0	0	(18.3)
Investment in JV Partner	7		3.9			3.1
Cash dividends, declared	(507.7)	0	0	(507.7)	0	0
Stockholders' Equity Note, Spinoff Transaction	(1,359.9)			(1,466.9)	135	(28)
Ending balance, value at Dec. 31, 2020	6,427.1	$ 263.3	$ 0	$ 8,495.3	$ (631.5)	$ 19.4
Ending balance, shares at Dec. 31, 2020		263.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value	$ (1,719.4)							$ (1,719.4)

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Common Stock, Dividends, Per Share, Declared	$ 2.12	$ 2.12	$ 1.96

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net earnings	$ 870	$ 1,428.5	$ 1,357.5
Discontinued operations, net of tax	(121.4)	268.2	334.6
Adjustments to arrive at net cash provided by (used in) operating activities:
Depreciation and amortization	294.3	288.8	282.3
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash	68.8	96.3	85
Share-based Payment Arrangement, Noncash Expense	69.5	66.4	78.8
Other items	(1.5)	(17.8)	(99.2)
Changes in other assets and liabilities
Accounts and notes receivable	5.9	(77.8)	(213.5)
Inventories	109	3.9	(186.9)
Other current and noncurrent assets	29.7	(245.8)	55.3
Accounts payable	75.8	93.2	99.6
Other current and noncurrent liabilities	123.3	156.2	(127)
Net cash (used in) provided by continuing operating activities	1,766.2	1,523.7	997.3
Net cash (used in) provided by discontinued operating activities	(331.2)	395.8	410.5
Net cash provided by (used in) operating activities	1,435	1,919.5	1,407.8
Cash flows from investing activities:
Capital expenditures	(146.2)	(205.4)	(284.7)
Acquisition of businesses, net of cash acquired	(182.8)	(83.4)	(285.7)
Proceeds from sale of property, plant and equipment	0.1	2.2	9.7
Cash Divested from Deconsolidation	10.8	0	0
Payments for (Proceeds from) Other Investing Activities	1.2	4.8	(1.2)
Net cash (used in) provided by continuing investing activities	(338.5)	(281.8)	(561.9)
Net cash (used in) provided by discontinued investing activities	(37.7)	(1,498.2)	(67.5)
Net cash provided by (used in) investing activities	(376.2)	(1,780)	(629.4)
Cash flows from financing activities:
Other short-term borrowings (net)	0	0	(6.4)
Proceeds from long-term debt	0	1,497.9	1,147
Payments of long-term debt	(307.5)	(7.5)	(1,123)
Net proceeds (repayments) in debt	(307.5)	1,490.4	17.6
Debt issuance costs	(3.6)	(13.1)	(12)
Dividends paid to ordinary shareholders	(507.3)	(510.1)	(479.5)
Dividends paid to noncontrolling interests	(18.3)	(15.8)	(41.4)
Proceeds shares issued under incentive plans	64.5	72.5	43.1
Repurchase of ordinary shares	(250)	(750.1)	(900.2)
Receipt of a special cash payment	1,900	0	0
Other, net	6.5	(1.8)	(3.5)
Net cash (used in) provided by continuing financing activities	884.3	272	(1,375.9)
Cash Provided by (Used in) Financing Activities, Discontinued Operations	0	(1.5)	(2.9)
Net Cash Provided by (Used in) Financing Activities	884.3	270.5	(1,378.8)
Effect of exchange rate changes on cash and cash equivalents	68.2	(9.8)	(45.6)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	2,011.3	400.2	(646)
Cash and cash equivalents - beginning of period	1,278.6	878.4	1,524.4
Cash and cash equivalents - end of period	3,289.9	1,278.6	878.4
Cash paid during the year for:
Interest, net of amounts capitalized	243.5	220.9	200.6
Income taxes, net of refunds	$ 151.6	$ 425.3	$ 375.4

Description of Company

Description of Company	12 Months Ended
Description of Company	Dec. 31, 2020
Description Of Company
Description of Company	DESCRIPTION OF COMPANY Trane Technologies plc (formerly known as Ingersoll-Rand plc), a public limited company incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively, we, our, the Company) is a global climate innovator that brings efficient and sustainable climate solutions to buildings, homes and transportation driven by strategic brands Trane ® and Thermo King ® and an environmentally responsible portfolio of products and services. Reportable Segments Prior to the separation of the Company's Industrial segment on February 29, 2020, the Company announced a new organizational model and business segment structure designed to enhance its regional go-to-market capabilities, aligning the structure with the Company's strategy and increased focus on climate innovation. Under the revised structure, the Company created three new regional operating segments from the former climate segment, which also serve as the Company's reportable segments. • The Company's Americas segment innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. • The Company's EMEA segment innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. • The Company's Asia Pacific segment innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating and cooling systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. This model is designed to create deep customer focus and relevance in markets around the world. Each segment reports through separate management teams and regularly reviews their operating results with the Chief Executive Officer, the Company's Chief Operating Decision Maker (CODM) determined in accordance with applicable accounting guidance. All prior period comparative segment information has been recast to reflect the current reportable segments. COVID-19 Global Pandemic In March 2020, the World Health Organization declared the outbreak of a respiratory disease caused by a newly discovered coronavirus, known now as COVID-19, as a global pandemic and recommended containment and mitigation measures worldwide. Beginning in the first quarter of 2020, many countries responded by implementing measures to combat the outbreak which impacted global business operations and resulted in a Company decision to temporarily close or limit its workforce to essential crews within many facilities throughout the world in order to ensure employee safety. In addition, the Company's non-essential employees were instructed to work from home in compliance with global government stay-in-place protocols. The Company has been adversely impacted by the COVID-19 global pandemic. Temporary facility closures beginning in the first quarter of 2020 disrupted results in the Asia Pacific region with impacts more widely felt throughout operations in the Americas and EMEA in the months thereafter. During the second quarter of 2020, the Company began to reopen facilities while maintaining appropriate health and safety precautions. However, the challenges in connection with the pandemic continued as the Company experienced lower volume, which negatively impacted revenue, and certain supply chain delays. In response, the Company proactively initiated cost cutting actions in an effort to mitigate the impact of the pandemic on its business. This included reducing discretionary spending, restricting travel, delaying merit-based salary increases and implementing employee furloughs in certain markets. The Company continues to navigate the new realities brought about by the COVID-19 global pandemic. Despite these challenges, all production facilities remain open and the Company continues to sell, install and service its products. During the second half of 2020, the Company did not experience any major delays in its supply chain and continued to focus on health and safety precautions to protect its employees and customers. In addition, during the fourth quarter of 2020, the Company completed several restorative actions including the reinstatement of annual merit-based salary increases and resuming all aspects of our balanced capital allocation strategy which included acquisitions and share repurchases. The preparation of financial statements requires management to use judgments in making estimates and assumptions based on the relevant information available at the end of each period. These estimates and assumptions have a significant effect on reported amounts of assets and liabilities, revenue and expenses, as well as the disclosure of contingencies because they may arise from matters that are inherently uncertain. The financial statements reflect the Company's best estimates as of December 31, 2020 (including as it relates to the actual and potential future impacts of the global pandemic) with respect to the recoverability of its assets, including its receivables and long-lived assets such as goodwill and intangibles. However, due to significant uncertainty surrounding the COVID-19 global pandemic, management's judgment regarding this could change in the future. In addition, while the Company's results of operations, cash flows and financial condition could be negatively impacted, the extent of the impact cannot be estimated with certainty at this time. Reorganization of Aldrich and Murray On May 1, 2020, certain subsidiaries of the Company underwent an internal corporate restructuring that was effectuated through a series of transactions (2020 Corporate Restructuring). As a result, Aldrich Pump LLC (Aldrich) and Murray Boiler LLC (Murray), indirect wholly-owned subsidiaries of Trane Technologies plc, became solely responsible for the asbestos-related liabilities, and the beneficiaries of the asbestos-related insurance assets, of Trane Technologies Company LLC, formerly known as Ingersoll-Rand Company, and Trane U.S. Inc, respectively. On a consolidated basis, the 2020 Corporate Restructuring did not have an impact on the Consolidated Financial Statements. On June 18, 2020 (Petition Date), Aldrich and Murray filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Western District of North Carolina (the Bankruptcy Court) to resolve equitably and permanently all current and future asbestos related claims in a manner beneficial to claimants, Aldrich and Murray. As a result of the Chapter 11 filings, all asbestos-related lawsuits against Aldrich and Murray have been stayed due to the imposition of a statutory automatic stay applicable in Chapter 11 bankruptcy cases. Only Aldrich and Murray have filed for Chapter 11 relief. Neither Aldrich's wholly-owned subsidiary, 200 Park, Inc. (200 Park), Murray's wholly-owned subsidiary, ClimateLabs LLC (ClimateLabs), Trane Technologies plc nor its other subsidiaries (the Trane Companies) are part of the Chapter 11 filings. The Trane Companies are expected to continue to operate as usual, with no disruption to their employees, suppliers, or customers globally. However, as of the

Completion of Reverse Morris Tr

Completion of Reverse Morris Trust Transaction (Notes)	12 Months Ended
Completion of Reverse Morris Trust Transaction (Notes)	Dec. 31, 2020
Completion of Reverse Morris Trust Transaction [Abstract]
Completion of Reverse Morris Trust Transaction [Text Block]	COMPLETION OF REVERSE MORRIS TRUST TRANSACTION On February 29, 2020 (Distribution Date), the Company completed its Reverse Morris Trust transaction (the Transaction) with Gardner Denver Holdings, Inc. (Gardner Denver, which changed its name to Ingersoll Rand, Inc. after the Transaction) whereby the Company distributed Ingersoll-Rand U.S. HoldCo, Inc., which contained the Company's former Industrial segment (Ingersoll Rand Industrial), through a pro rata distribution (the Distribution) to shareholders of record as of February 24, 2020. Ingersoll Rand Industrial then merged into a wholly-owned subsidiary of Gardner Denver. Upon close of the Transaction, the Company’s existing shareholders received approximately 50.1% of the shares of Gardner Denver common stock on a fully-diluted basis and Gardner Denver stockholders retained approximately 49.9% of the shares of Gardner Denver on a fully diluted basis. As a result, the Company’s shareholders received .8824 shares of Gardner Denver common stock with respect to each share owned as of February 24, 2020. In connection with the Transaction, Ingersoll-Rand Services Company, an affiliate of Ingersoll Rand Industrial, borrowed an aggregate principal amount of $1.9 billion under a senior secured first lien term loan facility (Term Loan), the proceeds of which were used to make a special cash payment of $1.9 billion to a subsidiary of the Company. The obligations under the Term Loan were retained by Ingersoll-Rand Services Company, which following the Transaction is a wholly-owned subsidiary of Gardner Denver. Discontinued Operations After the Distribution Date, the Company does not beneficially own any Ingersoll Rand Industrial shares of common stock and will no longer consolidate Ingersoll Rand Industrial in its financial statements. In accordance with GAAP, the historical results of Ingersoll Rand Industrial are presented as a discontinued operation in the Consolidated Statement of Comprehensive Income (Loss) and Consolidated Statement of Cash Flows. In addition, the assets and liabilities of Ingersoll Rand Industrial have been recast to held-for-sale at December 31, 2019. In connection with the Transaction, the Company entered into several agreements with Gardner Denver covering supply, administrative and tax matters to provide or obtain services on a transitional basis for varying periods after the Distribution Date. The agreements cover services such as manufacturing, information technology, human resources and finance. Income and expenses under these agreements were not material. In accordance with several customary transaction-related agreements between the Company and Gardner Denver, the parties are in a process to determine final adjustments to working capital, cash and indebtedness amounts as of the Distribution Date, as well as another process to determine funding levels related to pension plans, non-qualified deferred compensation plans and retiree health benefits. As of December 31, 2020, both are ongoing in accordance with the transaction-related agreements. Upon finalization of these agreements, any adjustments will be recognized within Retained earnings

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESA summary of significant accounting policies used in the preparation of the accompanying Consolidated Financial Statements follows: Basis of Presentation: The accompanying Consolidated Financial Statements reflect the consolidated operations of the Company and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (ASC). Intercompany accounts and transactions have been eliminated. The assets, liabilities, results of operations and cash flows of all discontinued operations have been separately reported as discontinued operations for all periods presented. The Consolidated Financial Statements include all majority-owned subsidiaries of the Company. A noncontrolling interest in a subsidiary is considered an ownership interest in a majority-owned subsidiary that is not attributable to the parent. The Company includes Noncontrolling interest as a component of Total equity in the Consolidated Balance Sheet and the Net earnings attributable to noncontrolling interests are presented as an adjustment from Net earnings used to arrive at Net earnings attributable to Trane Technologies plc in the Consolidated Statement of Comprehensive Income. Partially-owned equity affiliates represent 20-50% ownership interests in investments where the Company demonstrates significant influence, but does not have a controlling financial interest. Partially-owned equity affiliates are accounted for under the equity method. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic conditions and trends, and the assessment of the probable future outcome. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the statement of operations in the period that they are determined. Currency Translation: Assets and liabilities of non-U.S. subsidiaries, where the functional currency is not the U.S. dollar, have been translated at year-end exchange rates, and income and expense accounts have been translated using average exchange rates throughout the year. Adjustments resulting from the process of translating an entity’s financial statements into the U.S. dollar have been recorded in the equity section of the Consolidated Balance Sheet within Accumulated other comprehensive income (loss) . Transactions that are denominated in a currency other than an entity’s functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within Net earnings . Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, demand deposits and all highly liquid investments with original maturities at the time of purchase of three months or less. The Company maintains amounts on deposit at various financial institutions, which may at times exceed federally insured limits. However, management periodically evaluates the credit-worthiness of those institutions and has not experienced any losses on such deposits. Allowance for Doubtful Accounts : In accordance with Accounting Standard Update (ASU) 2016-13, “Financial Instruments - Credit Losses” (ASU 2016-13), the Company maintains an allowance for doubtful accounts receivable which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. This estimate is based upon a two-step policy that results in the total recorded allowance for doubtful accounts. The first step is to record a portfolio reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical experience with the Company's end markets, customer base and products. The second step is to create a specific reserve for significant accounts as to which the customer's ability to satisfy their financial obligation to the Company is in doubt due to circumstances such as bankruptcy, deteriorating operating results or financial position. In these circumstances, management uses its judgment to record an allowance based on the best estimate of probable loss, factoring in such considerations as the market value of collateral, if applicable. Actual results could differ from those estimates. These estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statement of Comprehensive Income in the period that they are determined. The Company reserved $40.0 million and $32.2 million for doubtful accounts as of December 31, 2020 and 2019, respectively. Inventories: Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. At December 31, 2020 and 2019, approximately 60% and 62%, respectively, of all inventory utilized the LIFO method. Property, Plant and Equipment: Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows: Buildings 10 to 50 years Machinery and equipment 2 to 12 years Software 2 to 7 years Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. Per ASC 360, "Property, Plant, and Equipment" (ASC 360), the Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. Goodwill and Intangible Assets: The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. In accordance with ASC 350, "Intangibles-Goodwill and Other" (ASC 350), goodwill and other indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset is more likely than not less than the carrying amount of the asset. In addition, an interim impairment test is completed upon a triggering event or when there is a reorganization of reporting structure or disposal of all or a portion of a reporting unit. Impairment of goodwill is assessed at the reporting unit level and begins with an optional qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the goodwill impairment test under ASC 350. For those reporting units that bypass or fail the qualitative assessment, the test compares the carrying amount of the reporting unit to its estimated fair value. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. To the extent that the carrying value of the reporting unit exceeds its estimated fair value, an impairment loss will be recognized for the amount by which the reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in that reporting unit. Intangible assets such as patents, customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives. The weighted-average useful lives approximate the following: Customer relationships 17 years Other 10 years The Company assesses the recoverability of the carrying value of its intangible assets with finite useful lives whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. Business Combinations: In accordance with ASC 805, "Business Combinations" (ASC 805), acquisitions are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company recognizes and measures the identifiable assets acquired, liabilities assumed, and any non-controlling interest as of the acquisition date fair value. The excess, if any, of total consideration transferred in a business combination over the fair value of identifiable assets acquired, liabilities assumed and any non-controlling interest is recognized as goodwill. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. Employee Benefit Plans : The Company provides a range of benefits, including pensions, postretirement and postemployment benefits to eligible current and former employees. Determining the cost associated with such benefits is dependent on various actuarial assumptions, including discount rates, expected return on plan assets, compensation increases, mortality, turnover rates, and healthcare cost trend rates. Actuaries perform the required calculations to determine expense in accordance with GAAP. Actual results may differ from the actuarial assumptions and are generally accumulated into Accumulated other comprehensive income (loss) and amortized into Net earnings over future periods. The Company reviews its actuarial assumptions at each measurement date and makes modifications to the assumptions based on current rates and trends, if appropriate. Loss Contingencies: Liabilities are recorded for various contingencies arising in the normal course of business. The Company has recorded reserves in the financial statements related to these matters, which are developed using input derived from actuarial estimates and historical and anticipated experience data depending on the nature of the reserve, and in certain instances with consultation of legal counsel, internal and external consultants and engineers. Subject to the uncertainties inherent in estimating future costs for these types of liabilities, the Company believes its estimated reserves are reasonable and does not believe the final determination of the liabilities with respect to these matters would have a material effect on the financial condition, results of operations, liquidity or cash flows of the Company for any year. Environmental Costs: The Company is subject to laws and regulations relating to protecting the environment. Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and can be reasonably estimated, generally no later than the completion of feasibility studies or the Company’s commitment to a plan of action. The assessment of this liability, which is calculated based on existing remediation technology, does not reflect any offset for possible recoveries from insurance companies, and is not discounted. Asbestos Matters : Prior to the Petition Date, certain of the Company's wholly-owned subsidiaries and former companies were named as defendants in asbestos-related lawsuits in state and federal courts. The Company recorded a liability for actual and anticipated future claims as well as an asset for anticipated insurance settlements. Asbestos-related defense costs were excluded from the asbestos claims liability and were recorded separately as services were incurred. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. The Company recorded certain income and expenses associated with asbestos liabilities and corresponding insurance recoveries within discontinued operations, net of tax, as they related to previously divested businesses, except for amounts associated with the predecessor of Murray's asbestos liabilities and corresponding insurance recoveries, which were recorded within continuing operations. Product Warranties: Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into revenue on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. Income Taxes: Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company recognizes future tax benefits, such as net operating losses and tax credits, to the extent that realizing these benefits is considered in its judgment to be more likely than not. The Company regularly reviews the recoverability of its deferred tax assets considering its historic profitability, projected future taxable income, timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies. Where appropriate, the Company records a valuation allowance with respect to a future tax benefit. Revenue Recognition: Revenue is recognized when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. A majority of the Company's revenues are recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenues are recognized over time as the customer simultaneously receives control as the Company performs work under a contract. For these arrangements, the cost-to-cost input method is used as it best depicts the transfer of control to the customer that occurs as the Company incurs costs. See Note 13 to the Consolidated Financial Statements for additional information regarding revenue recognition. Research and Development Costs: The Company conducts research and development activities for the purpose of developing and improving new products and services. These expenditures are expensed when incurred. For the years ended December 31, 2020, 2019 and 2018, these expenditures amounted to $165.0 million, $174.2 million and $166.7 million, respectively. Recent Accounting Pronouncements The FASB ASC is the sole source of authoritative GAAP other than the Securities and Exchange Commission (SEC) issued rules and regulations that apply only to SEC registrants. The FASB issues an ASU to communicate changes to the codification. The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements. Recently Adopted Accounting Pronouncements In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762" (ASU 2020-09), which amends Topic 470 and certain other topics to conform to disclosure rules on guaranteed debt offerings in SEC Release No.33-10762. The SEC adopted amendments to the financial disclosure requirements for guarantors and issuers of guaranteed securities registered or being registered in Rule 3-10 of Regulations S-X, and affiliates whose securities registered or being registered in Rule 3-16 of Regulation S-X. The amended rules aim to improve disclosure, reduce compliance burdens for issuers and increase investor protection. ASU 2020-09 is effective on January 4, 2021, pursuant to SEC Release No. 33-10762 with early application permitted. The Company early adopted this standard during the first quarter of 2020 and elected to disclose summarized financial information of the issuers and guarantors on a combined basis within Management's Discussion and Analysis of Financial Condition and Results of Operations. In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract" (ASU 2018-15), which aligns the requirements for capitalizing implementation costs in a cloud-computing arrangement service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. In addition, the guidance also clarifies the presentation requirements for reporting such costs in the financial statements. ASU 2018-15 is effective for annual reporting periods beginning after December 15, 2019 with early adoption permitted. The Company adopted this standard on January 1, 2020 on a prospective basis with no material impact on its financial statements. In June 2016, the FASB issued ASU 2016-13, which changes the impairment model for most financial assets and certain other instruments from an incurred loss model to an expected loss model. In addition, the guidance also requires incremental disclosures regarding allowances and credit quality indicators. ASU 2016-13 is required to be adopted using the modified-retrospective approach and is effective in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this standard on January 1, 2020 with no material impact on its financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (ASC 842), which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The Company adopted this standard using a modified-retrospective approach as of January 1, 2019. Under this approach, the Company recognized and recorded a right-of-use (ROU) asset and related lease liability on the Consolidated Balance Sheet of $521 million with no impact to Retained earnings . Reporting periods prior to January 1, 2019 continue to be presented in accordance with previous lease accounting guidance under GAAP. As part of the adoption, the Company elected the package of practical expedients permitted under the transition guidance which includes the ability to carry forward historical lease classification. Refer to Note 11, “Leases,” for a further discussion on the adoption of ASC 842. In August 2017, the FASB issued ASU 2017-12, "Derivatives and hedging (Topic 815): Targeted improvements to accounting for hedging activities" (ASU 2017-12). This standard more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This standard also addresses specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company adopted this standard on October 1, 2018 with no material impact to the financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” (ASU 2016-16) which removed the prohibition in Topic 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. As a result, the income tax consequences of an intra-entity transfer of assets other than inventory will be recognized in the current period income statement rather than being deferred until the assets leave the consolidated group. The Company applied ASU 2016-16 on a modified retrospective basis through a cumulative effect adjustment which reduced Retained earnings by $9.1 million as of January 1, 2018. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under ASC 606, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. The Company adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million with related amounts not materially impacting the Balance Sheet. Refer to Note 13, “Revenue,” for a further discussion on the adoption of ASC 606. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" (ASU 2019-12), which simplifies certain aspects of income tax accounting guidance in ASC 740, reducing the complexity of its application. Certain exceptions to ASC 740 presented within the ASU include: intraperiod tax allocation, deferred tax liabilities related to outside basis differences, year-to-date loss in interim periods, among others. ASU 2019-12 is effective for annual reporting periods beginning after December 15, 2020 including interim periods therein with early adoption permitted. The Company adopted this standard on January 1, 2021 with no material impact on its financial statements.

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2020
Inventory, Net [Abstract]
Inventories	INVENTORIES Depending on the business, U.S. inventories are stated at the lower of cost or market using the LIFO method or the lower of cost or market using the FIFO method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. At December 31, the major classes of inventory were as follows: In millions 2020 2019 Raw materials $ 305.0 $ 333.5 Work-in-process 163.9 173.7 Finished goods 761.4 804.9 1,230.3 1,312.1 LIFO reserve (41.1) (33.5) Total $ 1,189.2 $ 1,278.6 The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to net realizable value. Reserve balances, primarily related to obsolete and slow-moving inventories, were $85.6 million and $66.1 million at December 31, 2020 and December 31, 2019, respectively.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
Property, Plant and Equipment	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	PROPERTY, PLANT AND EQUIPMENT At December 31, the major classes of property, plant and equipment were as follows: In millions 2020 2019 Land $ 40.7 $ 40.1 Buildings 676.7 660.0 Machinery and equipment 1,749.3 1,600.2 Software 638.0 655.2 3,104.7 2,955.5 Accumulated depreciation (1,755.2) (1,603.5) Total $ 1,349.5 $ 1,352.0

Goodwill

Goodwill	12 Months Ended
Goodwill	Dec. 31, 2020
Goodwill Abstract
Goodwill	GOODWILL The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill is tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the reporting unit may be less than its carrying value. In addition, an interim impairment test is completed upon a triggering event or when there is a reorganization of reporting structure or disposal of all or a portion of a reporting unit. In connection with the new organizational model and business segment structure, the Company performed a goodwill impairment assessment immediately prior to the reorganization becoming effective, the results of which did not indicate any goodwill impairment. The Company then reassigned its goodwill between the newly designated reporting units using a relative fair value approach. Subsequent to the reassignment, the Company performed a second goodwill impairment assessment under the new reporting structure, the results of which also did not indicate any goodwill impairment. The reassigned amounts of goodwill as of December 31, 2018 and the changes in the carrying amount of goodwill are as follows: In millions Americas EMEA Asia Pacific Total Net balance as of December 31, 2018 $ 3,809.4 $ 747.3 $ 542.5 $ 5,099.2 Acquisitions (1) 45.3 — — 45.3 Currency translation 4.1 (16.2) (6.7) (18.8) Net balance as of December 31, 2019 3,858.8 731.1 535.8 5,125.7 Acquisitions (1) 130.1 — — 130.1 Deconsolidation of certain entities under Chapter 11 (2) (9.2) — — (9.2) Currency translation 0.3 62.4 33.5 96.2 Net balance as of December 31, 2020 $ 3,980.0 $ 793.5 $ 569.3 $ 5,342.8 (1) Refer to Note 19, "Acquisitions and Divestitures" for more information regarding acquisitions. (2) Refer to Note 22, "Commitments and Contingencies", for more information regarding the Chapter 11 bankruptcy and asbestos-related matters. The net goodwill balances at December 31, 2020, 2019 and 2018 include $2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge recorded in 2008.

Intangible Assets

Intangible Assets	12 Months Ended
Intangible Assets	Dec. 31, 2020
Intangible Assets Abstract
Intangible Assets	INTANGIBLE ASSETS Indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset may be less than the carrying amount of the asset. All other intangible assets with finite useful lives are being amortized on a straight-line basis over their estimated useful lives. The following table sets forth the gross amount and related accumulated amortization of the Company’s intangible assets at December 31: 2020 2019 In millions Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 2,010.2 $ (1,362.4) $ 647.8 $ 1,928.5 $ (1,239.2) $ 689.3 Other 210.7 (199.4) 11.3 212.2 (203.4) 8.8 Total finite-lived intangible assets $ 2,220.9 $ (1,561.8) $ 659.1 $ 2,140.7 $ (1,442.6) $ 698.1 Trademarks (indefinite-lived) 2,627.3 — 2,627.3 2,625.5 — 2,625.5 Total $ 4,848.2 $ (1,561.8) $ 3,286.4 $ 4,766.2 $ (1,442.6) $ 3,323.6 Intangible asset amortization expense for 2020, 2019 and 2018 was $115.7 million, $116.7 million and $116.8 million, respectively. Future estimated amortization expense on existing intangible assets in each of the next five years amounts to approximately $122 million for 2021, $122 million for 2022, $121 million for 2023, $120 million for 2024, and $89 million for 2025.

Debt and Credit Facilities

Debt and Credit Facilities	12 Months Ended
Debt and Credit Facilities	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt and Credit Facilities	DEBT AND CREDIT FACILITIES At December 31, Short-term borrowings and current maturities of long-term debt consisted of the following: In millions 2020 2019 Debentures with put feature $ 343.0 $ 343.0 2.625% Senior notes due 2020 (1) — 299.8 2.900% Senior notes due 2021 (2) 299.9 — 9.000% Debentures due 2021 (3) 125.0 — Other current maturities of long-term debt 7.7 7.5 Total $ 775.6 $ 650.3 (1) The 2.625% Senior notes due in May 2020 were redeemed in April 2020. (2) The 2.900% Senior notes are due in February 2021. (3) The 9.000% Debentures are due in August 2021. The Company's short-term obligations primarily consist of current maturities of long-term debt. The weighted-average interest rate for Short-term borrowings and current maturities of long-term debt at December 31, 2020 and 2019 was 5.4% and 4.6%, respectively. Commercial Paper Program The Company uses borrowings under its commercial paper program for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, under the commercial paper program is $2.0 billion as of December 31, 2020. Under the commercial paper program, the Company may issue notes from time to time through Trane Technologies Global Holding Company Limited or Trane Technologies Luxembourg Finance S.A. Each of Trane Technologies plc, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Global Holding Company Limited and Trane Technologies Company LLC provided irrevocable and unconditional guarantees for any notes issued under the commercial paper program. The Company had no outstanding balance under its commercial paper program as of December 31, 2020 and December 31, 2019. Debentures with Put Feature At December 31, 2020 and December 31, 2019, the Company had $343.0 million of fixed rate debentures outstanding which contain a put feature that the holders may exercise on each anniversary of the issuance date. If exercised, the Company is obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount of the debentures plus accrued interest. If these options are not exercised, the final contractual maturity dates would range between 2027 and 2028. Holders of these debentures had the option to exercise the put feature on each of the outstanding debentures in 2020, subject to the notice requirement. No material exercises were made in 2020 or 2019. At December 31, long-term debt excluding current maturities consisted of: In millions 2020 2019 2.900% Senior notes due 2021 (1) — 299.1 9.000% Debentures due 2021 (2) — 124.9 4.250% Senior notes due 2023 698.4 697.8 7.200% Debentures due 2020-2025 29.9 37.3 3.550% Senior notes due 2024 497.3 496.6 6.480% Debentures due 2025 149.7 149.7 3.500% Senior notes due 2026 397.3 396.8 3.750% Senior notes due 2028 545.6 545.1 3.800% Senior notes due 2029 744.4 743.6 5.750% Senior notes due 2043 494.7 494.5 4.650% Senior notes due 2044 296.1 295.9 4.300% Senior notes due 2048 296.2 296.0 4.500% Senior notes due 2049 345.7 345.5 Other loans and notes 1.2 0.1 Total $ 4,496.5 $ 4,922.9 (1) The 2.900% Senior notes are due in February 2021 and have been reclassified from noncurrent to current. (2) The 9.000% Debentures are due in August 2021 and have been reclassified from noncurrent to current. Scheduled maturities of long-term debt, including current maturities, as of December 31, 2020 are as follows: In millions 2021 $ 775.6 2022 7.9 2023 706.3 2024 505.1 2025 157.2 Thereafter 3,120.0 Total $ 5,272.1 Issuance of Senior Notes In March 2019, the Company issued $1.5 billion principal amount of senior notes in three tranches through Trane Technologies Luxembourg Finance S.A., an indirect, wholly-owned subsidiary. The tranches consist of $400 million aggregate principal amount of 3.500% senior notes due 2026, $750 million aggregate principal amount of 3.800% senior notes due 2029 and $350 million aggregate principal amount of 4.500% senior notes due 2049. The notes are fully and unconditionally guaranteed by each of Trane Technologies plc, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Lux International Holding Company S.à.r.l, Trane Technologies Global Holding Company Limited, Trane Technologies HoldCo Inc. and Trane Technologies Company LLC. The Company has the option to redeem the notes in whole or in part at any time, prior to their stated maturity date at redemption prices set forth in the indenture agreement. The notes are subject to certain customary covenants, however, none of these covenants are considered restrictive to the Company’s operations. Other Credit Facilities On June 4, 2020, the Company entered into a new $1.0 billion senior unsecured revolving credit facility which matures in March 2022 and terminated its $1.0 billion facility set to expire in March 2021. As a result, the Company maintains two $1.0 billion senior unsecured revolving credit facilities, one of which matures in March 2022 and the other in April 2023 (the Facilities) through its wholly-owned subsidiaries, Trane Technologies HoldCo Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Luxembourg Finance S.A. (collectively, the Borrowers). Each senior unsecured credit facility provides support for the Company's commercial paper program and can be used for working capital and other general corporate purposes. Trane Technologies plc, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Lux International Holding Company S.à.r.l. and Trane Technologies Company LLC each provide irrevocable and unconditional guarantees for these Facilities. In addition, each Borrower will guarantee the obligations under the Facilities of the other Borrower. Total commitments of $2.0 billion were unused at December 31, 2020 and December 31, 2019.

Financial Instruments

Financial Instruments	12 Months Ended
Financial Instruments	Dec. 31, 2020
Financial Instruments Abstract
Financial Instruments	FINANCIAL INSTRUMENTS In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors. These fluctuations can increase the cost of financing, investing and operating the business. The Company may use various financial instruments, including derivative instruments, to manage the risks associated with interest rate, commodity price and foreign currency exposures. These financial instruments are not used for trading or speculative purposes. The Company recognizes all derivatives on the Consolidated Balance Sheet at their fair value as either assets or liabilities. On the date a derivative contract is entered into, the Company designates the derivative instrument as a cash flow hedge of a forecasted transaction or as an undesignated derivative. The Company formally documents its hedge relationships, including identification of the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking derivative instruments that are designated as hedges to specific assets, liabilities or forecasted transactions. The Company assesses at inception and at least quarterly thereafter, whether the derivatives used in cash flow hedging transactions are highly effective in offsetting the changes in the cash flows of the hedged item. To the extent the derivative is deemed to be a highly effective hedge, the fair market value changes of the instrument are recorded to Accumulated other comprehensive income (loss) (AOCI). If the hedging relationship ceases to be highly effective, or it becomes probable that a forecasted transaction is no longer expected to occur, the hedging relationship will be undesignated and any future gains and losses on the derivative instrument will be recorded in Net earnings . The fair values of derivative instruments included within the Consolidated Balance Sheet as of December 31 were as follows: Derivative assets Derivative liabilities In millions 2020 2019 2020 2019 Derivatives designated as hedges: Currency derivatives $ 0.7 $ 0.1 $ 1.7 $ 3.9 Derivatives not designated as hedges: Currency derivatives 1.5 1.0 4.8 3.3 Total derivatives $ 2.2 $ 1.1 $ 6.5 $ 7.2 Asset and liability derivatives included in the table above are recorded within Other current assets and Accrued expenses and other current liabilities , respectively. Currency Hedging Instruments The notional amount of the Company’s currency derivatives was $0.5 billion at both December 31, 2020 and 2019, respectively. At December 31, 2020 and 2019, a net loss of $0.7 million and $2.9 million, net of tax, respectively, was included in AOCI related to the fair value of the Company’s currency derivatives designated as accounting hedges. The amount expected to be reclassified into Net earnings over the next twelve months is a loss of $0.6 million. The actual amounts that will be reclassified to Net earnings may vary from this amount as a result of changes in market conditions. Gains and losses associated with the Company’s currency derivatives not designated as hedges are recorded in Net earnings as changes in fair value occur. At December 31, 2020, the maximum term of the Company’s currency derivatives was approximately 12 months, except for currency derivatives in place related to a long-term contract. Other Derivative Instruments In the past, the Company utilized forward-starting interest rate swaps and interest rate locks to manage interest rate exposure in periods prior to the anticipated issuance of certain fixed-rate debt. These instruments were designated as cash flow hedges and had a notional amount of $1.3 billion. Consequently, when the contracts were settled upon the issuance of the underlying debt, any realized gains or losses in the fair values of the instruments were deferred into AOCI. These deferred gains or losses are subsequently recognized in Interest expense over the term of the related notes. The net unrecognized gain in AOCI was $5.3 million and $6.0 million at December 31, 2020 and at December 31, 2019. The net deferred gain at December 31, 2020 will continue to be amortized over the term of notes with maturities ranging from 2023 to 2044. The amount expected to be amortized over the next twelve months is a net gain of $0.7 million. The Company has no forward-starting interest rate swaps or interest rate lock contracts outstanding at December 31, 2020 or 2019. The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the years ended December 31: Amount of gain (loss) recognized in AOCI Location of gain (loss) reclassified from AOCI and recognized into Net earnings Amount of gain (loss) reclassified from AOCI and recognized into Net earnings In millions 2020 2019 2018 2020 2019 2018 Currency derivatives - continuing $ 3.3 $ (2.5) $ 0.7 Cost of goods sold $ (2.6) $ (1.5) $ (1.0) Currency derivatives - discontinued — (0.2) 0.5 Discontinued operations — 0.1 0.2 Interest rate swaps & locks — — — Interest expense 0.7 0.7 (0.1) Total $ 3.3 $ (2.7) $ 1.2 $ (1.9) $ (0.7) $ (0.9) The following table represents the amounts associated with derivatives not designated as hedges affecting Net earnings for the years ended December 31: In millions Location of gain (loss) recognized in Net earnings Amount of gain (loss) recognized in Net earnings 2020 2019 2018 Currency derivatives - continuing Other income (expense), net $ 7.5 $ (5.2) $ (30.0) Currency derivatives - discontinued Discontinued operations (0.4) (1.2) 0.4 Total $ 7.1 $ (6.4) $ (29.6) The gains and losses associated with the Company’s undesignated currency derivatives are materially offset in Net earnings by changes in the fair value of the underlying transactions. The following table presents the effects of the Company's designated financial instruments on the associated financial statement line item within the Consolidated Statement of Comprehensive Income where the financial instrument are recorded for the years ended December 31: Classification and amount of gain (loss) recognized in income on cash flow hedging relationships 2020 2019 2018 In millions Cost of goods sold Interest expense Cost of goods sold Interest expense Cost of goods sold Interest expense Total amounts presented in the Consolidated Statements of Comprehensive Income $ (8,651.3) $ (248.7) $ (9,085.5) $ (242.8) $ (8,582.5) $ (221.0) Gain (loss) on cash flow hedging relationships Currency derivatives: Amount of gain (loss) reclassified from AOCI and recognized into Net earnings $ (2.6) $ — $ (1.5) $ — $ (1.0) $ — Amount excluded from effectiveness testing recognized in net earnings based on changes in fair value and amortization $ (2.1) $ — $ (3.0) $ — $ (0.1) $ — Interest rate swaps & locks: Amount of gain (loss) reclassified from AOCI and recognized into Net earnings $ — $ 0.7 $ — $ 0.7 $ — $ (0.1) For the years ended December 31, 2019 and 2018 , the amount of gain (loss) reclassified from AOCI and recognized into Net earnings also included a gain of $0.1 million and $0.2 million, respectively, related to the historical results of Ingersoll Rand Industrial. The gains were recorded within Discontinued operations, net of tax. Concentration of Credit Risk The counterparties to the Company’s forward contracts consist of a number of investment grade major international financial institutions. The Company could be exposed to losses in the event of nonperformance by the counterparties. However, the credit ratings and the concentration of risk in these financial institutions are monitored on a continuous basis and present no significant credit risk to the Company.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2020
Fair Value Measurements [Abstract]
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	FAIR VALUE MEASUREMENTS ASC 820, "Fair Value Measurement," (ASC 820) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-level fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability as follows: • Level 1: Observable inputs such as quoted prices in active markets; • Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and • Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2020: In millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 2.2 $ — $ 2.2 $ — Liabilities: Derivative instruments $ 6.5 $ — $ 6.5 $ — The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2019: In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 1.1 $ — $ 1.1 $ — Liabilities: Derivative instruments $ 7.2 $ — $ 7.2 $ — Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures. The fair value of the derivative instruments are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable. The carrying values of cash and cash equivalents, accounts receivable and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. There have been no transfers between levels of the fair value hierarchy.

Leases (Notes)

Leases (Notes)	12 Months Ended
Leases (Notes)	Dec. 31, 2020
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASESThe Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. At contract inception, the Company determines a lease exists if the contract conveys the right to control an identified asset for a period of time in exchange for consideration. Control is considered to exist when the lessee has the right to obtain substantially all of the economic benefits from the use of an identified asset as well as the right to direct the use of that asset. If a contract is considered to be a lease, the Company recognizes a lease liability based on the present value of the future lease payments, with an offsetting entry to recognize a right-of-use asset. Options to extend or terminate a lease are included when it is reasonably certain an option will be exercised. As a majority of the Company’s leases do not provide an implicit rate within the lease, an incremental borrowing rate is used which is based on information available at the commencement date. The following table includes a summary of the Company's lease portfolio and Balance Sheet classification: In millions Classification December 31, December 31, Assets Operating lease right-of-use assets (1) Other noncurrent assets $ 409.0 $ 469.4 Liabilities Operating lease current Other current liabilities 138.8 145.0 Operating lease noncurrent Other noncurrent liabilities 276.5 329.9 Weighted average remaining lease term 4.0 years 4.3 years Weighted average discount rate 3.3 % 3.6 % (1) Prepaid lease payments and lease incentives are recorded as part of the right-of-use asset. The net impact was $6.3 million and $5.5 million at December 31, 2020 and December 31, 2019, respectively. The Company accounts for each separate lease component of a contract and its associated non-lease component as a single lease component. In addition, the Company utilizes a portfolio approach for the vehicle, information technology and equipment asset classes as the application of the lease model to the portfolio would not differ materially from the application of the lease model to the individual leases within the portfolio. The following table includes lease costs and related cash flow information for the year ended December 31: In millions 2020 2019 Operating lease expense $ 173.0 $ 163.5 Variable lease expense 24.9 19.9 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 172.2 161.5 Right-of-use assets obtained in exchange for new operating lease liabilities 114.6 162.9 Operating lease expense is recognized on a straight-line basis over the lease term. In addition, the Company has certain leases that contain variable lease payments which are based on an index, a rate referenced in the lease or on the actual usage of the leased asset. These payments are not included in the right-of-use asset or lease liability and are expensed as incurred as variable lease expense. Maturities of lease obligations were as follows: In millions December 31, Operating leases: 2021 $ 152.0 2022 114.1 2023 78.2 2024 46.8 2025 22.8 After 2025 34.5 Total lease payments $ 448.4 Less: Interest (33.1) Present value of lease liabilities $ 415.3

Pensions and Postretirement Ben

Pensions and Postretirement Benefits Other Than Pensions	12 Months Ended
Pensions and Postretirement Benefits Other Than Pensions	Dec. 31, 2020
Retirement Benefits, Description [Abstract]
Pensions and Postretirement Benefits Other Than Pensions	PENSIONS AND POSTRETIREMENT BENEFITS OTHER THAN PENSIONS The Company sponsors several U.S. defined benefit and defined contribution plans covering substantially all of the Company's U.S. employees. Additionally, the Company has many non-U.S. defined benefit and defined contribution plans covering eligible non-U.S. employees. Postretirement benefits other than pensions (OPEB) provide healthcare benefits, and in some instances, life insurance benefits for certain eligible employees. Pension Plans The noncontributory defined benefit pension plans covering non-collectively bargained U.S. employees provide benefits on a final average pay formula while plans for most collectively bargained U.S. employees provide benefits on a flat dollar benefit formula or a percentage of pay formula. The non-U.S. pension plans generally provide benefits based on earnings and years of service. The Company also maintains additional other supplemental plans for officers and other key or highly compensated employees. In connection with completion of the Transaction, the Company transferred certain pension obligations for current and former employees of Ingersoll Rand Industrial to Gardner Denver. The transfer of these obligations reduced pension liabilities by $486.2 million, pension assets by $351.7 million and AOCI by $111.3 million. The following table details information regarding the Company’s pension plans at December 31: In millions 2020 2019 Change in benefit obligations: Benefit obligation at beginning of year $ 3,851.2 $ 3,465.3 Service cost 58.3 73.6 Interest cost 83.8 119.1 Employee contributions 1.0 1.1 Amendments 1.9 5.7 Actuarial (gains) losses (1) 317.7 422.8 Benefits paid (189.2) (225.3) Currency translation 43.8 9.0 Curtailments, settlements and special termination benefits (7.8) (3.1) Impact of the Transaction (486.2) — Other, including expenses paid (11.7) (17.0) Benefit obligation at end of year $ 3,662.8 $ 3,851.2 Change in plan assets: Fair value at beginning of year $ 3,136.8 $ 2,766.9 Actual return on assets 395.6 526.1 Company contributions 99.7 83.1 Employee contributions 1.0 1.1 Benefits paid (189.2) (225.3) Currency translation 39.5 12.0 Settlements (7.8) (5.3) Impact of the Transaction (351.7) — Other, including expenses paid (9.3) (21.8) Fair value of assets end of year $ 3,114.6 $ 3,136.8 Net unfunded liability $ (548.2) $ (714.4) Amounts included in the balance sheet: Other noncurrent assets $ 72.8 $ 50.0 Assets held-for-sale — 0.3 Accrued compensation and benefits (22.9) (7.2) Postemployment and other benefit liabilities (598.1) (617.3) Liabilities held-for-sale — (140.2) Net amount recognized $ (548.2) $ (714.4) (1) Actuarial (gains) losses primarily resulted from changes in discount rates It is the Company’s objective to contribute to the pension plans to ensure adequate funds, and no less than required by law, are available in the plans to make benefit payments to plan participants and beneficiaries when required. However, certain plans are not or cannot be funded due to either legal, accounting, or tax requirements in certain jurisdictions. As of December 31, 2020, approximately seven percent of the Company's projected benefit obligation relates to plans that cannot be funded. The pretax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Prior service benefit (cost) Net actuarial gains (losses) Total December 31, 2019 $ (32.4) $ (800.2) $ (832.6) Current year changes recorded to AOCI (1.9) (43.2) (45.1) Amortization reclassified to earnings 5.3 43.7 49.0 Settlements/curtailments reclassified to earnings — (1.8) (1.8) Impact of the Transaction 1.3 110.0 111.3 Currency translation and other (0.6) (9.8) (10.4) December 31, 2020 $ (28.3) $ (701.3) $ (729.6) Weighted-average assumptions used to determine the benefit obligation at December 31 were as follows: 2020 2019 Discount rate: U.S. plans 2.52 % 3.22 % Non-U.S. plans 1.27 % 1.66 % Rate of compensation increase: U.S. plans 4.00 % 4.00 % Non-U.S. plans 3.75 % 3.75 % The accumulated benefit obligation for all defined benefit pension plans was $3,566.4 million and $3,734.5 million at December 31, 2020 and 2019, respectively. The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with accumulated benefit obligations more than plan assets were $3,128.7 million, $3,043.9 million and $2,510.9 million, respectively, as of December 31, 2020, and $3,405.7 million, $3,308.2 million and $2,645.1 million, respectively, as of December 31, 2019. Pension benefit payments are expected to be paid as follows: In millions 2021 $ 210.7 2022 204.5 2023 207.1 2024 200.7 2025 246.6 2026-2030 960.9 The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following: In millions 2020 2019 2018 Service cost $ 58.3 $ 73.6 $ 75.0 Interest cost 83.8 119.1 109.7 Expected return on plan assets (121.1) (138.5) (146.6) Net amortization of: Prior service costs (benefits) 5.3 5.0 4.2 Plan net actuarial (gains) losses 43.7 54.3 51.3 Net periodic pension benefit cost 70.0 113.5 93.6 Net curtailment, settlement, and special termination benefits (gains) losses (1.8) 4.5 2.3 Net periodic pension benefit cost after net curtailment and settlement (gains) losses $ 68.2 $ 118.0 $ 95.9 Amounts recorded in continuing operations: Operating income $ 51.7 $ 58.8 $ 61.0 Other income/(expense), net 11.7 31.8 14.2 Amounts recorded in discontinued operations 4.8 27.4 20.7 Total $ 68.2 $ 118.0 $ 95.9 Pension benefit cost for 2021 is projected to be approximately $51 million. Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 were as follows: 2020 2019 2018 Discount rate: U.S. plans Service cost 3.36 % 4.24 % 3.70 % Interest cost 2.78 % 3.88 % 3.24 % Non-U.S. plans Service cost 1.87 % 2.81 % 2.52 % Interest cost 1.51 % 2.83 % 2.46 % Rate of compensation increase: U.S. plans 4.00 % 4.00 % 4.00 % Non-U.S. plans 3.75 % 4.00 % 4.00 % Expected return on plan assets: U.S. plans 4.75 % 5.75 % 5.50 % Non-U.S. plans 2.75 % 3.25 % 3.25 % The expected long-term rate of return on plan assets reflects the average rate of returns expected on the funds invested or to be invested to provide for the benefits included in the projected benefit obligation. The expected long-term rate of return on plan assets is based on what is achievable given the plan’s investment policy, the types of assets held and target asset allocations. The expected long-term rate of return is determined as of the measurement date. The Company reviews each plan and its historical returns and target asset allocations to determine the appropriate expected long-term rate of return on plan assets to be used. The Company's objective in managing its defined benefit plan assets is to ensure that all present and future benefit obligations are met as they come due. It seeks to achieve this goal while trying to mitigate volatility in plan funded status, contribution, and expense by better matching the characteristics of the plan assets to that of the plan liabilities. The Company utilizes a dynamic approach to asset allocation whereby a plan's allocation to fixed income assets increases as the plan's funded status improves. The Company monitors plan funded status and asset allocation regularly in addition to investment manager performance. The fair values of the Company’s pension plan assets at December 31, 2020 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 3.1 $ 34.2 $ — $ — $ 37.3 Equity investments: Registered mutual funds – equity specialty — — — 65.1 65.1 Commingled funds – equity specialty — — — 622.0 622.0 — — — 687.1 687.1 Fixed income investments: U.S. government and agency obligations — 504.7 — — 504.7 Corporate and non-U.S. bonds (a) — 1,424.2 — — 1,424.2 Asset-backed and mortgage-backed securities — 48.4 — — 48.4 Registered mutual funds – fixed income specialty — — — 118.3 118.3 Commingled funds – fixed income specialty — — — 153.3 153.3 Other fixed income (b) — — 28.3 — 28.3 — 1,977.3 28.3 271.6 2,277.2 Derivatives — 0.3 — — 0.3 Real estate (c) — — 2.8 — 2.8 Other (d) — — 112.3 — 112.3 Total assets at fair value $ 3.1 $ 2,011.8 $ 143.4 $ 958.7 $ 3,117.0 Receivables and payables, net (2.4) Net assets available for benefits $ 3,114.6 The fair values of the Company’s pension plan assets at December 31, 2019 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 7.0 $ 26.3 $ — $ — $ 33.3 Equity investments: Registered mutual funds – equity specialty — — — 61.5 61.5 Commingled funds – equity specialty — — — 665.2 665.2 — — — 726.7 726.7 Fixed income investments: U.S. government and agency obligations — 528.5 — — 528.5 Corporate and non-U.S. bonds (a) — 1,393.0 0.4 — 1,393.4 Asset-backed and mortgage-backed securities — 70.9 — — 70.9 Registered mutual funds – fixed income specialty — — — 103.3 103.3 Commingled funds – fixed income specialty — — — 127.6 127.6 Other fixed income (b) — — 26.0 — 26.0 — 1,992.4 26.4 230.9 2,249.7 Derivatives — 0.4 — — 0.4 Real estate (c) — — 3.4 — 3.4 Other (d) — — 114.1 — 114.1 Total assets at fair value $ 7.0 $ 2,019.1 $ 143.9 $ 957.6 $ 3,127.6 Receivables and payables, net 9.2 Net assets available for benefits $ 3,136.8 (a) This class includes state and municipal bonds. (b) This class includes group annuity and guaranteed interest contracts. (c) This class includes a private equity fund that invests in real estate. (d) This investment comprises the Company's non-significant, non-US pension plan assets. It primarily includes insurance contracts. Cash equivalents are valued using a market approach with inputs including quoted market prices for either identical or similar instruments. Fixed income securities are valued through a market approach with inputs including, but not limited to, benchmark yields, reported trades, broker quotes and issuer spreads. Commingled funds are valued at their daily net asset value (NAV) per share or the equivalent. NAV per share or the equivalent is used for fair value purposes as a practical expedient. NAVs are calculated by the investment manager or sponsor of the fund. Private real estate fund values are reported by the fund manager and are based on valuation or appraisal of the underlying investments. Refer to Note 10, "Fair Value Measurements" for additional information related to the fair value hierarchy defined by ASC 820. There have been no significant transfers between levels of the fair value hierarchy. The Company made required and discretionary contributions to its pension plans of $99.7 million in 2020, $83.1 million in 2019, and $86.9 million in 2018 and currently projects that it will contribute approximately $56 million to its plans worldwide in 2021. The contribution in 2020 included $24.4 million to fund Ingersoll Rand Industrial plans prior to the completion of the Transaction. The Company’s policy allows it to fund an amount, which could be in excess of or less than the pension cost expensed, subject to the limitations imposed by current tax regulations. However, the Company anticipates funding the plans in 2021 in accordance with contributions required by funding regulations or the laws of each jurisdiction. Most of the Company’s U.S. employees are covered by defined contribution plans. Employer contributions are determined based on criteria specific to the individual plans and amounted to approximately $111.0 million, $140.2 million and $131.9 million in 2020, 2019 and 2018, respectively. The Company’s contributions relating to non-U.S. defined contribution plans and other non-U.S. benefit plans were $19.2 million, $56.7 million and $52.0 million in 2020, 2019 and 2018, respectively. Multiemployer Pension Plans The Company also participates in a number of multiemployer defined benefit pension plans related to collectively bargained U.S. employees of Trane. The Company's contributions, and the administration of the fixed retirement payments, are determined by the terms of the related collective-bargaining agreements. These multiemployer plans pose different risks to the Company than single-employer plans, including: 1. The Company's contributions to multiemployer plans may be used to provide benefits to all participating employees of the program, including employees of other employers. 2. In the event that another participating employer ceases contributions to a plan, the Company may be responsible for any unfunded obligations along with the remaining participating employers. 3. If the Company chooses to withdraw from any of the multiemployer plans, the Company may be required to pay a withdrawal liability, based on the underfunded status of the plan. As of December 31, 2020, the Company does not participate in any plans that are individually significant, nor is the Company an individually significant participant to any of these plans. Postretirement Benefits Other Than Pensions The Company sponsors several postretirement plans that provide for healthcare benefits, and in some instances, life insurance benefits that cover certain eligible employees. These plans are unfunded and have no plan assets, but are instead funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. Generally, postretirement health benefits are contributory with contributions adjusted annually. Life insurance plans for retirees are primarily noncontributory. In connection with the completion of the Transaction, the Company transferred certain postretirement benefit obligations for current and former employees of Ingersoll Rand Industrial to Gardner Denver. The transfer of these obligations reduced postretirement plan liabilities by $28.7 million and increased AOCI by $5.5 million. The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31: In millions 2020 2019 Benefit obligation at beginning of year $ 428.8 $ 442.7 Service cost 2.4 2.6 Interest cost 9.7 14.8 Plan participants’ contributions 8.2 7.7 Actuarial (gains) losses (1) 9.3 6.7 Benefits paid, net of Medicare Part D subsidy (2) (39.9) (45.6) Impact of the Transaction (28.7) — Other (0.7) (0.1) Benefit obligations at end of year $ 389.1 $ 428.8 (1) Net actuarial losses primarily resulted from losses driven by changes in discount rates offset by gains driven by changes in per capita cost assumptions. (2) Amounts are net of Medicare Part D subsidy of $0.7 million and $0.8 million in 2020 and 2019, respectively. The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows: In millions December 31, 2020 December 31, 2019 Accrued compensation and benefits $ (37.1) $ (38.3) Postemployment and other benefit liabilities (352.0) (361.3) Liabilities held-for-sale — (29.2) Total $ (389.1) $ (428.8) The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Net actuarial gains (losses) Balance at December 31, 2019 $ 72.8 Gain (loss) in current period (9.3) Amortization reclassified to earnings (5.6) Impact of the Transaction (5.5) Balance at December 31, 2020 $ 52.4 The components of net periodic postretirement benefit (income) cost for the years ended December 31 were as follows: In millions 2020 2019 2018 Service cost $ 2.4 $ 2.6 $ 2.8 Interest cost 9.7 14.8 14.4 Net amortization of: Prior service costs (benefits) — (0.3) (3.8) Net actuarial (gains) losses (5.6) (10.9) (1.0) Net periodic postretirement benefit cost $ 6.5 $ 6.2 $ 12.4 Amounts recorded in continuing operations: Operating income $ 2.4 $ 2.5 $ 2.8 Other income/(expense), net 3.0 3.1 6.9 Amounts recorded in discontinued operations 1.1 0.6 2.7 Total $ 6.5 $ 6.2 $ 12.4 Postretirement cost for 2021 is projected to be approximately $6 million. The amount expected to be recognized in net periodic postretirement benefits cost in 2021 for net actuarial gains is approximately $2 million. Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31 were as follows: 2020 2019 2018 Discount rate: Benefit obligations at December 31 2.25 % 2.99 % 4.05 % Net periodic benefit cost Service cost 3.18 % 4.13 % 3.47 % Interest cost 2.73 % 3.67 % 2.94 % Assumed health-care cost trend rates at December 31: Current year medical inflation 6.50 % 6.75 % 6.45 % Ultimate inflation rate 4.75 % 4.75 % 5.00 % Year that the rate reaches the ultimate trend rate 2028 2028 2023 Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows: In millions 2021 $ 37.1 2022 35.8 2023 33.7 2024 31.7 2025 29.9 2026 — 2030 121.7

Revenue (Notes)

Revenue (Notes)	12 Months Ended
Revenue (Notes)	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE The Company recognizes revenue when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. A majority of the Company's revenues are recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenues are recognized over time as the customer simultaneously receives control as the Company performs work under a contract. For these arrangements, the cost-to-cost input method is used as it best depicts the transfer of control to the customer that occurs as the Company incurs costs. Performance Obligations A performance obligation is a distinct good, service or a bundle of goods and services promised in a contract. The Company identifies performance obligations at the inception of a contract and allocates the transaction price to individual performance obligations to faithfully depict the Company’s performance in transferring control of the promised goods or services to the customer. The following are the primary performance obligations identified by the Company: Equipment and parts . The Company principally generates revenue from the sale of equipment and parts to customers and recognizes revenue at a point in time when control transfers to the customer. Transfer of control is generally determined based on the shipping terms of the contract. Contracting and Installation . The Company enters into various construction-type contracts to design, deliver and build integrated solutions to meet customer specifications. These transactions provide services that range from the development and installation of new HVAC systems to the design and integration of critical building systems to optimize energy efficiency and overall performance. These contracts have a typical term of less than one year and are considered a single performance obligation as multiple combined goods and services promised in the contract represent a single output delivered to the customer. Revenues associated with contracting and installation contracts are recognized over time with progress towards completion measured using an input method as the basis to recognize revenue and an estimated profit. To-date efforts for work performed corresponds with and faithfully depicts transfer of control to the customer. Services and Maintenance . The Company provides various levels of preventative and/or repair and maintenance type service agreements for its customers. The typical length of a contract is 12 months but can be as long as 60 months. Revenues associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Certain repair services do not meet the definition of over time revenue recognition as the Company does not transfer control to the customer until the service is completed. As a result, revenue related to these services is recognized at a point in time. Extended warranties . The Company enters into various warranty contracts with customers related to its products. A standard warranty generally warrants that a product is free from defects in workmanship and materials under normal use and conditions for a certain period of time. The Company’s standard warranty is not considered a distinct performance obligation as it does not provide services to customers beyond assurance that the covered product is free of initial defects. An extended warranty provides a customer with additional time that the Company is liable for covered incidents associated with its products. Extended warranties are purchased separately and can last up to five years. As a result, they are considered separate performance obligations for the Company. Revenue associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Refer to Note 22, "Commitments and Contingencies," for more information related to product warranties. The transaction price allocated to performance obligations reflects the Company’s expectations about the consideration it will be entitled to receive from a customer. To determine the transaction price, variable and noncash consideration are assessed as well as whether a significant financing component exists. The Company includes variable consideration in the estimated transaction price when it is probable that significant reversal of revenue recognized would not occur when the uncertainty associated with variable consideration is subsequently resolved. The Company considers historical data in determining its best estimates of variable consideration, and the related accruals are recorded using the expected value method. The Company has performance guarantees related to energy savings contracts that are provided under the maintenance portion of contracting and installation agreements extending from 2021-2047. These performance guarantees represent variable consideration and are estimated as part of the overall transaction price. The Company has not recognized any significant adjustments to the transaction price due to variable consideration. The Company enters into sales arrangements that contain multiple goods and services, such as equipment, installation and extended warranties. For these arrangements, each good or service is evaluated to determine whether it represents a distinct performance obligation and whether the sales price for each obligation is representative of standalone selling price. If available, the Company utilizes observable prices for goods or services sold separately to similar customers in similar circumstances to evaluate relative standalone selling price. List prices are used if they are determined to be representative of standalone selling prices. Where necessary, the Company ensures that the total transaction price is then allocated to the distinct performance obligations based on the determination of their relative standalone selling price at the inception of the arrangement. The Company recognizes revenue for delivered goods or services when the delivered good or service is distinct, control of the good or service has transferred to the customer, and only customary refund or return rights related to the goods or services exist. The Company excludes from revenues taxes it collects from a customer that are assessed by a government authority. Disaggregated Revenue Net revenues by geography and major type of good or service for the year ended at December 31 were as follows: In millions 2020 2019 2018 Americas Equipment $ 6,479.0 $ 6,880.4 $ 6,236.6 Services and parts 3,206.9 3,179.1 2,982.8 Total Americas $ 9,685.9 $ 10,059.5 $ 9,219.4 EMEA Equipment $ 1,119.9 $ 1,208.0 $ 1,271.7 Services and parts 528.2 554.6 559.4 Total EMEA $ 1,648.1 $ 1,762.6 $ 1,831.1 Asia Pacific Equipment $ 773.6 $ 879.7 $ 917.3 Services and parts 347.1 374.1 376.0 Total Asia Pacific $ 1,120.7 $ 1,253.8 $ 1,293.3 Total Net revenues $ 12,454.7 $ 13,075.9 $ 12,343.8 Revenue from goods and services transferred to customers at a point in time accounted for approximately 81%, 82% and 82% of the Company's revenue for the years ended December 31, 2020, 2019 and 2018, respectively. Contract Balances The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended December 31, 2020 and December 31, 2019 were as follows: In millions 2020 2019 Contract assets $ 255.4 $ 172.6 Contract liabilities 1,077.0 941.9 The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets, and customer advances and deposits (contract liabilities) on the Consolidated Balance Sheet. In general, the Company receives payments from customers based on a billing schedule established in its contracts. Contract assets relate to the conditional right to consideration for any completed performance under the contract when costs are incurred in excess of billings under the percentage-of-completion methodology. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities relate to payments received in advance of performance under the contract or when the Company has a right to consideration that is unconditional before it transfers a good or service to the customer. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. During the years ended December 31, 2020 and 2019, changes in contract asset and liability balances were not materially impacted by any other factors.

Equity

Equity	12 Months Ended
Equity	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Shareholders' Equity	EQUITYThe 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 preference shares or Euro-denominated ordinary shares outstanding at December 31, 2020 or 2019. The changes in ordinary shares and treasury shares for the year ended December 31, 2020 were as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2019 262.8 24.5 Shares issued under incentive plans 2.3 — Repurchase of ordinary shares (1.8) — December 31, 2020 263.3 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 October 2018, the Company's Board of Directors authorized the repurchase of up to $1.5 billion of its ordinary shares under a share repurchase program (2018 Authorization) upon completion of the prior authorized share repurchase program. No material amounts were repurchased under this program in 2018. During the year ended December 31, 2019, the Company repurchased and canceled approximately $750 million of its ordinary shares leaving approximately $750 million remaining under the 2018 Authorization. During the year ended December 31, 2020, the Company repurchased and canceled approximately $250 million of our ordinary shares leaving approximately $500 million remaining under the 2018 Authorization. Additionally, through February 9, 2021, we repurchased approximately $100 million of our ordinary shares under the 2018 Authorization. In February 2021, our Board of Directors authorized the repurchase of up to $2.0 billion of our ordinary shares under a new share repurchase program (2021 Authorization) upon completion of the 2018 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, 2018 $ 6.7 $ (454.0) $ (516.8) $ (964.1) Other comprehensive income (loss) attributable to Trane Technologies plc (1.1) (3.4) (38.0) (42.5) December 31, 2019 $ 5.6 $ (457.4) $ (554.8) $ (1,006.6) Separation of Ingersoll Rand Industrial, net of tax — 64.8 70.2 135.0 Other comprehensive income (loss) attributable to Trane Technologies plc 5.2 (23.9) 258.8 240.1 December 31, 2020 $ 10.8 $ (416.5) $ (225.8) $ (631.5) The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2020, 2019 and 2018 were $2.7 million, $0.9 million and $(3.0) million, respectively, related to currency translation.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
Share-Based Compensation	Dec. 31, 2020
Share-based Payment Arrangement, Disclosure [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION The Company accounts for stock-based compensation plans in accordance with ASC 718, "Compensation - Stock Compensation" (ASC 718), which requires a fair-value based method for measuring the value of stock-based compensation. Fair value is measured once at the date of grant and is not adjusted for subsequent changes. The Company’s share-based compensation plans include programs for stock options, restricted stock units (RSUs), performance share units (PSUs), and deferred compensation. Under the Company's incentive stock plan, the total number of ordinary shares authorized by the shareholders is 23.0 million, of which 15.7 million remains available as of December 31, 2020 for future incentive awards. In connection with the completion of the Transaction, the provisions of the Company's existing share-based compensation plans required adjustment to the terms of outstanding awards in order to preserve the intrinsic value of the awards immediately before and after the separation. The outstanding awards will continue to vest over the original vesting period, which is generally three years from the grant date. The stock awards held as of February 29, 2020 were adjusted as follows: • Vested stock options - Outstanding stock options that were vested and exercisable at the time of the Transaction were converted into vested and exercisable stock options of the Company. The number of underlying shares and exercise price for each award was adjusted to preserve the overall intrinsic value of the awards immediately prior to the Transaction. • Unvested stock options - Unvested stock options held at the time of the Transaction were converted into stock options of the participants employer following the separation. The number of underlying shares and exercise price for each award was adjusted to preserve the overall intrinsic value of the awards immediately prior to the Transaction. • Restricted stock units - Outstanding RSUs held at the time of the Transaction were converted into RSUs of the participants employer following the separation. The number of underlying shares was adjusted to preserve the overall intrinsic value of the awards immediately prior to the Transaction. • Performance share units - Active and outstanding PSU awards held at the time of the Transaction were converted into active and outstanding PSUs of the Company. Post-transaction, the Company's employees will continue to participate in the plan at target levels with payout based on actual performance at the end of the respective three-year performance period for each award. Post-transaction, Ingersoll Rand Industrial employees will continue to participate in the plan with the target number of PSUs prorated based on the portion of the performance cycle completed as of the transaction date with payout based on actual performance at the end of the respective three year performance period for each award. The number of underlying shares was adjusted to preserve the overall intrinsic value of the awards immediately prior to the Transaction. Per ASC 718, an adjustment to the terms of a stock-based compensation award to preserve its value after an equity restructuring may result in significant incremental compensation cost if there was no requirement to make such an adjustment based on the awards existing terms. The Company reviewed the provisions of its existing share-based compensation plans and determined the Transaction required modification to the terms of outstanding awards. As a result, the Company incurred less than $0.1 million of incremental compensation costs at the date of the Transaction. Compensation Expense Share-based compensation expense related to continuing operations is included in Selling and administrative expenses . The following table summarizes the expenses recognized: In millions 2020 2019 2018 Stock options $ 17.9 $ 20.2 $ 23.5 RSUs 23.3 26.5 30.4 PSUs 26.7 17.9 23.0 Deferred compensation 3.9 3.1 3.4 Other (1) 3.3 3.5 0.5 Pre-tax expense 75.1 71.2 80.8 Tax benefit (18.2) (17.3) (19.6) After-tax expense $ 56.9 $ 53.9 $ 61.2 Amounts recorded in continuing operations 55.2 46.5 52.5 Amounts recorded in discontinued operations 1.7 7.4 8.7 Total $ 56.9 $ 53.9 $ 61.2 (1) Includes certain plans that have a market-based component. Grants issued during the year ended December 31 were as follows: 2020 2019 2018 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 1,021,628 $ 16.75 1,286,857 $ 17.17 1,541,025 $ 15.51 RSUs 213,142 $ 104.76 268,465 $ 102.98 327,411 $ 90.07 Performance shares (1) 278,468 $ 140.72 312,362 $ 111.12 363,342 $ 106.31 (1) The number of performance shares represents the maximum award level. Stock Options / RSUs Eligible participants may receive (i) stock options, (ii) RSUs or (iii) a combination of both stock options and RSUs. The fair value of each of the Company’s stock option and RSU awards is expensed on a straight-line basis over the required service period, which is generally the 3-year vesting period. However, for stock options and RSUs granted to retirement eligible employees, the Company recognizes expense for the fair value at the grant date. The average fair value of the stock options granted is determined using the Black Scholes option pricing model. The following assumptions were used during the year ended December 31: 2020 2019 2018 Dividend yield 2.01 % 2.06 % 2.00 % Volatility 24.33 % 21.46 % 21.64 % Risk-free rate of return 0.56 % 2.46 % 2.48 % Expected life in years 4.8 4.8 4.8 A description of the significant assumptions used to estimate the fair value of the stock option awards is as follows: • Volatility - The expected volatility is based on a weighted average of the Company’s implied volatility and the most recent historical volatility of the Company’s stock commensurate with the expected life. • Risk-free rate of return -The Company applies a yield curve of continuous risk-free rates based upon the published US Treasury spot rates on the grant date. • Expected life - The expected life of the Company’s stock option awards represents the weighted-average of the actual period since the grant date for all exercised or canceled options and an expected period for all outstanding options. • Dividend yield - The Company determines the dividend yield based upon the expected quarterly dividend payments as of the grant date and the current fair market value of the Company’s stock. • Forfeiture Rate - The Company analyzes historical data of forfeited options to develop a reasonable expectation of the number of options to forfeit prior to vesting per year. This expected forfeiture rate is applied to the Company’s ongoing compensation expense; however, all expense is adjusted to reflect actual vestings and forfeitures. Changes in options outstanding under the plans for the years 2020, 2019 and 2018 were as follows: Shares Weighted- Aggregate Weighted- December 31, 2017 6,354,882 $ 56.49 Granted 1,541,025 89.71 Exercised (1,515,955) 45.44 Cancelled (94,601) 79.53 December 31, 2018 6,285,351 66.95 Granted 1,286,857 101.42 Exercised (2,076,338) 56.17 Cancelled (76,624) 92.38 December 31, 2019 5,419,246 78.91 Granted 1,021,628 105.29 Exercised (1,767,782) 58.27 Cancelled (49,539) 88.12 Adjustment due to the Transaction 1,095,805 n/a Outstanding December 31, 2020 5,719,358 $ 70.53 $ 426.9 6.2 Exercisable December 31, 2020 3,352,349 $ 58.77 $ 289.6 5.0 The following table summarizes information concerning currently outstanding and exercisable options: Options outstanding Options exercisable Range of Number Weighted- Weighted- Number Weighted- Weighted- $ 15.01 — $ 30.00 91,434 0.9 $ 26.16 91,434 0.9 $ 26.16 30.01 — 40.00 682,984 4.0 37.95 682,984 4.0 37.95 40.01 — 50.00 232,405 3.0 46.56 232,405 3.0 46.56 50.01 — 60.00 328,001 3.7 52.28 328,001 3.7 52.28 60.01 — 70.00 939,243 5.6 63.19 776,864 5.2 62.66 70.01 — 80.00 2,430,895 6.8 74.53 1,207,923 6.4 73.38 80.01 — 90.00 1,667 8.3 86.31 555 8.3 86.31 90.01 — 100.00 19,921 8.6 94.50 1,369 8.7 92.92 100.01 — 110.00 991,715 8.9 105.25 30,814 3.5 105.28 110.01 — 145.00 1,093 9.9 144.34 — 0.0 — $ 18.90 — $ 144.34 5,719,358 6.2 $ 70.53 3,352,349 5.0 $ 58.77 At December 31, 2020, there was $8.3 million of total unrecognized compensation cost from stock option arrangements granted under the plan, which is primarily related to unvested shares of non-retirement eligible employees. The aggregate intrinsic value of options exercised during the year ended December 31, 2020 and 2019 was $120.5 million and $124.5 million, respectively. Generally, stock options expire ten years from their date of grant. The following table summarizes RSU activity for the years 2020, 2019 and 2018: RSUs Weighted- Outstanding and unvested at December 31, 2017 803,699 $ 67.09 Granted 327,411 90.07 Vested (389,285) 64.88 Cancelled (20,186) 77.95 Outstanding and unvested at December 31, 2018 721,639 $ 78.40 Granted 268,465 102.98 Vested (364,817) 70.26 Cancelled (20,947) 89.64 Outstanding and unvested at December 31, 2019 604,340 $ 93.56 Granted 213,142 104.76 Vested (338,952) 86.62 Cancelled (11,356) 84.38 Adjustment due to the Transaction 22,348 n/a Outstanding and unvested at December 31, 2020 489,522 $ 87.75 At December 31, 2020, there was $11.5 million of total unrecognized compensation cost from RSU arrangements granted under the plan, which is related to unvested shares of non-retirement eligible employees. Performance Shares The Company has a Performance Share Program (PSP) for key employees. The program provides awards in the form of PSUs based on performance against pre-established objectives. The annual target award level is expressed as a number of the Company's ordinary shares based on the fair market value of the Company's stock on the date of grant. All PSUs are settled in the form of ordinary shares. Beginning with the 2018 grant year, PSU awards are earned based 50% upon a performance condition, measured by relative Cash Flow Return on Invested Capital (CROIC) to the S&P 500 Industrials Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative total shareholder return (TSR) as compared to the TSR of the S&P 500 Industrials Index over a 3-year performance period. The fair value of the market condition is estimated using a Monte Carlo Simulation approach in a risk-neutral framework based upon historical volatility, risk-free rates and correlation matrix. Awards granted prior to 2018 were earned based 50% upon a performance condition, measured by relative earnings-per-share (EPS) growth to the industrial group of companies in the S&P 500 Index over a 3-year performance period, and 50% upon a market condition measured by the Company's relative TSR as compared to the TSR of the industrial group of companies in the S&P Index over a 3-year performance period. The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2020, 2019 and 2018: PSUs Weighted-average grant date fair value Outstanding and unvested at December 31, 2017 1,364,536 $ 73.31 Granted 363,342 106.31 Vested (309,306) 76.00 Forfeited (172,408) 90.89 Outstanding and unvested at December 31, 2018 1,246,164 $ 79.83 Granted 312,362 111.12 Vested (539,402) 53.76 Forfeited (34,194) 106.14 Outstanding and unvested at December 31, 2019 984,930 $ 103.12 Granted 278,468 140.72 Vested (340,400) 93.63 Forfeited (56,430) 89.94 Adjustment due to the Transaction 151,904 n/a Outstanding and unvested at December 31, 2020 1,018,472 $ 99.53 At December 31, 2020, there was $18.0 million of total unrecognized compensation cost from PSU arrangements based on current performance, which is related to unvested shares. This compensation will be recognized over the required service period, which is generally the three-year vesting period. Deferred Compensation The Company allows key employees to defer a portion of their eligible compensation into a number of investment choices, including its ordinary share equivalents. Any amounts invested in ordinary share equivalents will be settled in ordinary shares of the Company at the time of distribution.

Restructuring Activities

Restructuring Activities	12 Months Ended
Restructuring Activities	Dec. 31, 2020
Restructuring Charges [Abstract]
Restructuring Activities	RESTRUCTURING ACTIVITIES The Company incurs costs associated with restructuring initiatives intended to result in improved operating performance, profitability and working capital levels. Actions associated with these initiatives include workforce reduction, improving manufacturing productivity, realignment of management structures and rationalizing certain assets. Restructuring charges recorded during the years ended December 31 were as follows: In millions 2020 2019 2018 Americas $ 35.3 $ 39.0 $ 27.5 EMEA 7.4 5.1 4.6 Asia Pacific 5.1 6.7 2.0 Corporate and Other 27.9 1.8 9.4 Total $ 75.7 $ 52.6 $ 43.5 Cost of goods sold $ 24.1 $ 37.3 $ 25.2 Selling and administrative expenses 51.6 15.3 18.3 Total $ 75.7 $ 52.6 $ 43.5 The changes in the restructuring reserve were as follows: In millions Americas EMEA Asia Pacific Corporate Total December 31, 2018 $ 15.3 $ 1.7 $ 1.9 $ 2.6 $ 21.5 Additions, net of reversals (1) 36.3 5.1 6.7 1.8 49.9 Cash paid/Other (39.7) (4.0) 0.5 (2.8) (46.0) December 31, 2019 11.9 2.8 9.1 1.6 25.4 Additions, net of reversals (2) 31.3 7.4 5.1 27.9 71.7 Cash paid/Other (30.6) (5.9) (12.2) (18.9) (67.6) December 31, 2020 $ 12.6 $ 4.3 $ 2.0 $ 10.6 $ 29.5 (1) Excludes the non-cash costs of asset rationalizations ($2.7 million). (2) Excludes the non-cash costs of asset rationalizations ($4.0 million). During the year ended December 31, 2020, costs associated with announced restructuring actions primarily included the following: • costs related to the reorganization of resources and facilities in response to the completion of the Transaction and separation of Ingersoll Rand Industrial; and • the plan to close a U.S. manufacturing facility within the Americas and relocate production to another existing U.S. facility announced in 2018.

Other, Net

Other, Net	12 Months Ended
Other, Net	Dec. 31, 2020
Other Net [Abstract]
Other, Net	The components of Other income/(expense), net for the years ended December 31, 2020, 2019 and 2018 were as follows: In millions 2020 2019 2018 Interest income/(loss) $ 4.5 $ 0.6 $ 2.4 Foreign currency exchange gain (loss) (10.0) (9.5) (12.8) Other components of net periodic benefit cost (14.7) (34.9) (21.1) Other activity, net 24.3 15.4 (1.8) Other income/(expense), net $ 4.1 $ (28.4) $ (33.3) Other income /(expense), net includes the results from activities other than normal business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit cost for pension and post retirement obligations other than the service cost component. Other activity, net includes items associated with certain legal matters as well as asbestos-related activities through the Petition Date. During the year ended December 31, 2020, the Company recorded a $17.4 million adjustment to correct an overstatement of a legacy legal liability that originated in prior years and a gain of $0.9 million related to the deconsolidation of Murray and its wholly-owned subsidiary ClimateLabs within other activity, net. Refer to Note 22, "Commitments and Contingencies," for more information regarding asbestos-related matters.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Current and deferred provision for income taxes Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions: In millions 2020 2019 2018 United States $ 653.9 $ 837.4 $ 728.2 Non-U.S. 634.3 561.5 529.6 Total $ 1,288.2 $ 1,398.9 $ 1,257.8 The components of the Provision for income taxes for the years ended December 31 were as follows: In millions 2020 2019 2018 Current tax expense (benefit): United States $ 168.3 $ 181.8 $ 201.0 Non-U.S. 106.3 77.4 131.7 Total: 274.6 259.2 332.7 Deferred tax expense (benefit): United States 11.2 2.2 (50.2) Non-U.S. 11.0 (22.8) (47.6) Total: 22.2 (20.6) (97.8) Total tax expense (benefit): United States 179.5 184.0 150.8 Non-U.S. 117.3 54.6 84.1 Total $ 296.8 $ 238.6 $ 234.9 The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences: Percent of pretax income 2020 2019 2018 Statutory U.S. rate 21.0 % 21.0 % 21.0 % Increase (decrease) in rates resulting from: Non-U.S. tax rate differential (1.1) (2.8) (2.6) Tax on U.S. subsidiaries on non-U.S. earnings (a) 0.3 (0.2) (0.6) State and local income taxes (b) 4.3 3.0 2.1 Valuation allowances (c) (1.1) (2.9) 0.7 Change in permanent reinvestment assertion (a), (d) — — (3.1) Transition tax (d) — — 2.0 Remeasurement of deferred tax balances (d) — — 0.4 Stock based compensation (1.7) (1.7) (1.0) Expiration of carryforward tax attributes 1.1 — — Reserves for uncertain tax positions (0.1) (0.5) 0.5 Provision to return and other true-up adjustments (0.2) 0.1 (0.8) Other adjustments 0.5 1.1 0.1 Effective tax rate 23.0 % 17.1 % 18.7 % (a) Net of foreign tax credits (b) Net of changes in state valuation allowances (c) Primarily federal and non-U.S., excludes state valuation allowances (d) Provisional amounts reported under SAB 118 were finalized in 2018 Tax incentives, in the form of tax holidays, have been granted to the Company in certain jurisdictions to encourage industrial development. The expiration of these tax holidays varies by country. The tax holidays are conditional on the Company meeting certain employment and investment thresholds. The most significant tax holidays relate to the Company’s qualifying locations in China, Puerto Rico and Panama. The benefit for the tax holidays for the years ended December 31, 2020, 2019 and 2018 was $24.6 million, $28.3 million and $21.3 million, respectively. Deferred tax assets and liabilities A summary of the deferred tax accounts at December 31 were as follows: In millions 2020 2019 Deferred tax assets: Inventory and accounts receivable $ 11.7 $ 13.3 Fixed assets and intangibles 9.5 9.7 Operating lease liabilities 101.0 117.6 Postemployment and other benefit liabilities 323.5 340.6 Product liability 4.8 68.9 Funding liability 71.8 — Other reserves and accruals 164.8 143.6 Net operating losses and credit carryforwards 509.0 562.6 Other 58.5 33.6 Gross deferred tax assets 1,254.6 1,289.9 Less: deferred tax valuation allowances (320.5) (309.4) Deferred tax assets net of valuation allowances $ 934.1 $ 980.5 Deferred tax liabilities: Inventory and accounts receivable $ (22.3) $ (25.3) Fixed assets and intangibles (1,186.0) (1,184.7) Operating lease right-of-use assets (99.5) (117.6) Postemployment and other benefit liabilities (14.1) (10.9) Other reserves and accruals (7.2) (12.4) Product liability (0.2) (0.7) Undistributed earnings of foreign subsidiaries (22.4) (22.1) Other (3.2) (18.7) Gross deferred tax liabilities (1,354.9) (1,392.4) Net deferred tax assets (liabilities) $ (420.8) $ (411.9) At December 31, 2020, no deferred taxes have been provided for earnings of certain of the Company’s subsidiaries, since these earnings have been, and under current plans will continue to be permanently reinvested in these subsidiaries. These earnings amount to approximately $1.6 billion which if distributed would result in additional taxes, which may be payable upon distribution, of approximately $260.0 million. At December 31, 2020, the Company had the following operating loss, capital loss and tax credit carryforwards available to offset taxable income in prior and future years: In millions Amount Expiration U.S. Federal net operating loss carryforwards $ 611.8 2021-2036 U.S. Federal credit carryforwards 138.6 2022-2030 U.S. State net operating loss carryforwards 2,898.4 2021-Unlimited U.S. State credit carryforwards 31.7 2021-Unlimited Non-U.S. net operating loss carryforwards 490.8 2021-Unlimited Non-U.S. credit carryforwards 9.3 Unlimited The U.S. state net operating loss carryforwards were incurred in various jurisdictions. The non-U.S. net operating loss carryforwards were incurred in various jurisdictions, predominantly in Belgium, Brazil, India, Luxembourg, Spain and the United Kingdom. Activity associated with the Company’s valuation allowance is as follows: In millions 2020 2019 2018 Beginning balance $ 309.4 $ 310.3 $ 320.6 Increase to valuation allowance 38.9 44.0 54.6 Decrease to valuation allowance (22.8) (43.6) (52.8) Other deductions (0.1) — — Write off against valuation allowance (3.7) — (4.6) Accumulated other comprehensive income (loss) (1.2) (1.3) (7.5) Ending balance $ 320.5 $ 309.4 $ 310.3 During 2020, the Company recorded a $22.3 million increase in valuation allowance on deferred tax assets primarily related to certain state net deferred tax assets as a result of the Transaction. In addition, the Company recorded a $16.0 million reduction in valuation allowances related to non-U.S. net operating losses, primarily as a result of a planned restructuring in a non-U.S. tax jurisdiction, and foreign tax credits as a result of revised projections of future foreign source income. During 2019, the Company recorded a $43.6 million reduction in valuation allowance on deferred tax assets primarily related to non-U.S. net operating losses. In addition, the Company recorded a $19.3 million increase in a valuation allowance for certain state net deferred tax assets as a result of revised projections of future state taxable income during the carryforward period. During 2018, the Company recorded a net addition to the valuation allowance related to excess foreign tax credits in the amount of $17.3 million. In addition, the Company recorded a $35.0 million reduction in a valuation allowance for certain state net deferred tax assets primarily the result of revised projections of future state taxable income during the carryforward period. Unrecognized tax benefits The Company has total unrecognized tax benefits of $65.4 million and $63.7 million as of December 31, 2020, and December 31, 2019, respectively. The amount of unrecognized tax benefits that, if recognized, would affect the continuing operations effective tax rate are $36.8 million as of December 31, 2020. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: In millions 2020 2019 2018 Beginning balance $ 63.7 $ 68.7 $ 108.4 Additions based on tax positions related to the current year 1.0 1.2 1.1 Additions based on tax positions related to prior years 2.1 9.3 23.0 Reductions based on tax positions related to prior years (1.5) (13.1) (47.3) Reductions related to settlements with tax authorities (0.7) (0.9) (14.2) Reductions related to lapses of statute of limitations (1.7) (0.6) (0.6) Translation (gain) loss 2.5 (0.9) (1.7) Ending balance $ 65.4 $ 63.7 $ 68.7 The Company records interest and penalties associated with the uncertain tax positions within its Provision for income taxes . The Company had reserves associated with interest and penalties, net of tax, of $14.6 million and $16.0 million at December 31, 2020 and December 31, 2019, respectively. For the year ended December 31, 2020 and December 31, 2019, the Company recognized a $0.1 million tax expense and a $0.7 million tax benefit, respectively, in interest and penalties, net of tax in continuing operations related to these uncertain tax positions. The total amount of unrecognized tax benefits relating to the Company's tax positions is subject to change based on future events including, but not limited to, the settlements of ongoing audits and/or the expiration of applicable statutes of limitations. Although the outcomes and timing of such events are highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits, excluding interest and penalties, could potentially be reduced by up to approximately $4.7 million during the next 12 months. The provision for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. A significant period of time may elapse between the filing of an income tax return and the ultimate resolution of an

Business Combinations

Business Combinations	12 Months Ended
Business Combinations	Dec. 31, 2020
Business Combinations [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	ACQUISITIONS AND DIVESTITURES Acquisitions and Equity Method Investments Acquisitions are recorded using the acquisition method of accounting in accordance with ASC 805, "Business Combinations" (ASC 805). As a result, the aggregate purchase price has been allocated to assets acquired and liabilities assumed based on the estimate of fair market value of such assets and liabilities at the date of acquisition. The valuation of intangible assets are determined using an income approach methodology. During 2020, the Company acquired independent dealers, reported within the Americas segment, to support the Company's ongoing strategy to expand its distribution network and service area. The aggregate cash paid, net of cash acquired, totaled $182.8 million and was financed through cash on hand. Intangible assets associated with these acquisitions totaled $78.9 million and primarily relate to customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $130.1 million. The fair values of the customer relationship intangible assets were determined using the multi-period excess earnings method based on discounted projected net cash flows associated with the net earnings attributable to the acquired customer relationships. These projected cash flows are estimated over the remaining economic life of the intangible asset and are considered from a market participant perspective. Key assumptions used in estimating future cash flows included projected revenue growth rates and customer attrition rates. The projected future cash flows are discounted to present value using an appropriate discount rate. The customer relationships had a weighted-average useful life of 16 years. During 2019, the Company acquired several businesses including independent dealers to support its ongoing strategy to expand its distribution network and service area as well as other businesses that strengthen the Company's product portfolios. The aggregate cash paid, net of cash acquired, totaled $83.4 million and was funded through cash on hand. Intangible assets associated with these acquisitions totaled $25.5 million and primarily relate to trademarks and customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $45.3 million. These acquisitions were not material to the Company's financial statements and were reported in the Americas segment. During 2018, the Company acquired several businesses and entered into a joint venture. The aggregate cash paid, net of cash acquired, totaled $285.7 million and was funded through cash on hand. Primary activity during 2018 related to the acquisition of ICS Group Holdings Limited in January 2018. The business, reported within the EMEA segment, specializes in the temporary rental of energy efficient chillers for commercial and industrial buildings across Europe. In addition, the Company acquired independent dealers to expand its distribution network and service area. Intangible assets associated with these acquisitions totaled $45.2 million and primarily relate to trademarks and customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $118.0 million. In addition, the Company completed its investment of a 50% ownership interest in a joint venture with Mitsubishi Electric Corporation (Mitsubishi) in May 2018. The joint venture, reported within the Americas segment, focuses on marketing, selling and supporting variable refrigerant flow (VRF) and ductless heating and air conditioning systems through Trane, American Standard and Mitsubishi channels in the U.S. and select Latin American countries. Ownership interests in a joint venture are accounted for under the equity method when the Company does not have a controlling financial interest and reported within Other noncurrent assets on the Balance Sheet. Ongoing results since the date of investment are accounted for under the equity method and are not considered material to the Company’s results of operations. Divestitures The components of Discontinued operations, net of tax for the years ended December 31 were as follows: In millions 2020 2019 2018 Net revenues $ 469.8 $ 3,523.0 $ 3,324.4 Cost of goods sold (315.8) (2,366.0) (2,265.1) Selling and administrative expenses (234.4) (809.5) (654.0) Operating income (loss) (80.4) 347.5 405.3 Other income/ (expense), net (55.9) 50.0 (88.3) Pre-tax earnings (loss) from discontinued operations (136.3) 397.5 317.0 Benefit (provision) for income taxes 14.9 (129.3) 17.6 Discontinued operations, net of tax $ (121.4) $ 268.2 $ 334.6 The table above presents the financial statement line items that support amounts included in Discontinued operations, net of tax . For the year ended December 31, 2020, Selling and administrative expenses included pre-tax Ingersoll Rand Industrial separation costs of $114.2 million, which are primarily related to legal, consulting and advisory fees. In addition, for the year ended December 31, 2020 , Other income/ (expense), net included a loss of $25.8 million related to the deconsolidation of Aldrich and its wholly-owned subsidiary 200 Park. The year ended December 31, 2019 includes $94.6 million of pre-tax Ingersoll Rand Industrial separation costs within Selling and administrative expenses . Separation of Industrial Segment Businesses On February 29, 2020, the Company completed the Transaction with Gardner Denver whereby the Company separated Ingersoll Rand Industrial which then merged with a wholly-owned subsidiary of Gardner Denver. In accordance with GAAP, the historical results of Ingersoll Rand Industrial are presented as a discontinued operation in the Consolidated Statement of Comprehensive Income and Consolidated Statement of Cash Flows. In addition, the assets and liabilities of Ingersoll Rand Industrial have been recast to held-for-sale at December 31, 2019. Net revenues and earnings from operations, net of tax of Ingersoll Rand Industrial for the years ended December 31 were as follows: In millions 2020 2019 2018 Net revenues $ 469.8 $ 3,523.0 $ 3,324.4 Earnings (loss) attributable to Trane Technologies plc (85.8) 225.2 351.3 Earnings (loss) attributable to noncontrolling interests 0.9 2.4 4.8 Earnings (loss) from operations, net of tax $ (84.9) $ 227.6 $ 356.1 Earnings (loss) attributable to Trane Technologies plc includes Ingersoll Rand Industrial separation costs, net of tax primarily related to legal, consulting and advisory fees of $96.2 million during the year ended December 31, 2020. In addition, the year ended December 31, 2019 includes $89.4 million of Ingersoll Rand Industrial separation costs, net of tax. The components of Ingersoll Rand Industrial's assets and liabilities recorded as held-for-sale on the Consolidated Balance Sheet at December 31, 2019 were as follows: In millions December 31, 2019 Assets Current assets (1) $ 1,130.6 Property, plant and equipment, net 454.3 Goodwill 1,657.4 Intangible assets, net 825.2 Other noncurrent assets 139.7 Assets held-for-sale $ 4,207.2 Liabilities Current liabilities $ 823.7 Noncurrent liabilities 376.7 Liabilities held-for-sale $ 1,200.4 (1) Includes $25 million cash and cash equivalents in accordance with the merger agreement. Other Discontinued Operations Other discontinued operations, net of tax related to retained obligations from previously sold businesses that primarily include ongoing expenses for postretirement benefits, product liability and legal costs. In addition, the Company includes asbestos-related activities of Aldrich through the Petition Date. The components of Discontinued operations, net of tax for the years ended December 31 were as follows: In millions 2020 2019 2018 Ingersoll Rand Industrial, net of tax $ (84.9) $ 227.6 $ 356.1 Other discontinued operations, net of tax (36.5) 40.6 (21.5) Discontinued operations, net of tax $ (121.4) $ 268.2 $ 334.6 In addition, other discontinued operations, net of tax includes a loss of $25.8 million related to the deconsolidation of Aldrich and its wholly-owned subsidiary 200 Park, for the year ended December 31, 2020. Refer to Note 22, "Commitments and Contingencies," for more information regarding the deconsolidation and asbestos-related matters.

Earnings Per Share (EPS)

Earnings Per Share (EPS)	12 Months Ended
Earnings Per Share (EPS)	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	EARNINGS PER SHARE (EPS) Basic EPS is calculated by dividing Net earnings attributable to Trane Technologies plc by the weighted-average number of ordinary shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: In millions 2020 2019 2018 Weighted-average number of basic shares outstanding 240.1 241.6 247.2 Shares issuable under incentive stock plans 3.0 2.8 2.9 Weighted-average number of diluted shares outstanding 243.1 244.4 250.1 Anti-dilutive shares 0.6 — 1.5 Dividends declared per ordinary share $ 2.12 $ 2.12 $ 1.96

Business Segment Information

Business Segment Information	12 Months Ended
Business Segment Information	Dec. 31, 2020
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATIONThe Company operates under three regional operating segments designed to create deep customer focus and relevance in markets around the world. Intercompany sales between segments are immaterial. • The Company's Americas segment innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. • The Company's EMEA segment innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. • The Company's Asia Pacific segment innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating and cooling systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. Management measures operating performance based on net earnings excluding interest expense, income taxes, depreciation and amortization, restructuring, unallocated corporate expenses and discontinued operations (Segment Adjusted EBITDA). Segment Adjusted EBITDA is not defined under GAAP and may not be comparable to similarly-titled measures used by other companies and should not be considered a substitute for net earnings or other results reported in accordance with GAAP. The Company believes Segment Adjusted EBITDA provides the most relevant measure of profitability as well as earnings power and the ability to generate cash. This measure is a useful financial metric to assess the Company's operating performance from period to period by excluding certain items that it believes are not representative of its core business and the Company uses this measure for business planning purposes. Segment Adjusted EBITDA also provides a useful tool for assessing the comparability between periods and the Company's ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake capital expenditures because it eliminates non-cash charges such as depreciation and amortization expense. A summary of operations by reportable segment for the years ended December 31 were as follows: In millions 2020 2019 2018 Net revenues Americas $ 9,685.9 $ 10,059.5 $ 9,219.4 EMEA 1,648.1 1,762.6 1,831.1 Asia Pacific 1,120.7 1,253.8 1,293.3 Total Net revenues $ 12,454.7 $ 13,075.9 $ 12,343.8 Segment Adjusted EBITDA Americas $ 1,677.7 $ 1,742.1 $ 1,565.5 EMEA 265.7 267.7 302.7 Asia Pacific 188.8 182.8 173.2 Total Segment Adjusted EBITDA $ 2,132.2 $ 2,192.6 $ 2,041.4 Reconciliation of Segment Adjusted EBITDA to earnings before income taxes Total Segment Adjusted EBITDA $ 2,132.2 $ 2,192.6 $ 2,041.4 Interest expense (248.7) (242.8) (221.0) Depreciation and amortization (294.3) (288.8) (282.3) Restructuring costs (75.7) (52.6) (43.5) Unallocated corporate expenses (225.3) (209.5) (236.8) Earnings before income taxes $ 1,288.2 $ 1,398.9 $ 1,257.8 Depreciation and Amortization Americas $ 224.0 $ 213.6 $ 208.8 EMEA 32.6 31.0 30.0 Asia Pacific 11.6 13.4 13.2 Depreciation and amortization from reportable segments $ 268.2 $ 258.0 $ 252.0 Unallocated depreciation and amortization 26.1 30.8 30.3 Total depreciation and amortization $ 294.3 $ 288.8 $ 282.3 Capital Expenditures Americas $ 98.2 $ 146.8 $ 195.3 EMEA 24.7 30.0 14.5 Asia Pacific 7.7 11.3 7.5 Capital expenditures from reportable segments $ 130.6 $ 188.1 $ 217.3 Corporate capital expenditures 15.6 17.3 67.4 Total capital expenditures $ 146.2 $ 205.4 $ 284.7 At December 31, a summary of long-lived assets by geographic area were as follows: In millions 2020 2019 United States $ 1,219.4 $ 1,346.3 Non-U.S. 539.1 475.1 Total $ 1,758.5 $ 1,821.4

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2020
Commitments And Contingencies Abstract
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIESThe Company is involved in various litigations, claims and administrative proceedings, including those related to environmental, asbestos, and product liability matters. In accordance with ASC 450, "Contingencies" (ASC 450), the Company records accruals for loss contingencies when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, except as expressly set forth in this note, management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company. Asbestos-Related Matters Certain wholly-owned subsidiaries and former companies of the Company were named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims were filed against predecessors of Aldrich and Murray and generally allege injury caused by exposure to asbestos contained in certain historical products sold by predecessors of Aldrich or Murray, primarily pumps, boilers and railroad brake shoes. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. On June 18, 2020, Aldrich and Murray filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code to resolve equitably and permanently all current and future asbestos related claims in a manner beneficial to claimants, Aldrich and Murray. As a result of the Chapter 11 filings, all asbestos-related lawsuits against Aldrich and Murray have been stayed due to the imposition of a statutory automatic stay applicable in Chapter 11 bankruptcy cases. In addition, at the request of Aldrich and Murray, the Bankruptcy Court has entered an order temporarily staying all asbestos-related claims against the Trane Companies that relate to claims against Aldrich or Murray (except for asbestos-related claims for which the exclusive remedy is provided under workers' compensation statutes or similar laws). The goal of these Chapter 11 filings is an efficient and permanent resolution of all current and future asbestos claims through court approval of a plan of reorganization, which would establish, in accordance with section 524(g) of the Bankruptcy Code, a trust to which all asbestos claims would be channeled for resolution. Aldrich and Murray intend to seek an agreement with representatives of the asbestos claimants on the terms of a plan for the establishment of such a trust. Prior to the Petition Date, predecessors of each of Aldrich and Murray had been litigating asbestos-related claims brought against them. No such claims have been paid since the Petition Date, and it is not contemplated that any such claims will be paid until the end of the Chapter 11 cases. At this point in the Chapter 11 cases of Aldrich and Murray, it is not possible to predict whether or how long the Bankruptcy Court order temporarily staying asbestos-related claims against the Trane Companies will be extended, whether or when any agreement with representatives of the asbestos claimants on the terms of a plan for the establishment of a trust will be reached, what the terms of any plan of reorganization or the extent of the asbestos liability will be or how long the Chapter 11 cases will last. From an accounting perspective, the Company no longer has control over Aldrich and Murray as of the Petition Date as their activities are subject to review and oversight by the Bankruptcy Court. Therefore, Aldrich and its wholly-owned subsidiary 200 Park and Murray and its wholly-owned subsidiary ClimateLabs were deconsolidated as of the Petition Date and their respective assets and liabilities were derecognized from the Company's Consolidated Financial Statements. Amounts derecognized primarily related to the legacy asbestos-related liabilities and asbestos-related insurance recoveries and $41.7 million of cash. However, in connection with the 2020 Corporate Restructuring, certain subsidiaries of the Company entered into funding agreements with Aldrich and Murray (collectively the Funding Agreements), pursuant to which those subsidiaries are obligated, among other things, to pay the costs and expenses of Aldrich and Murray during the pendency of the Chapter 11 cases to the extent distributions from their respective subsidiaries are insufficient to do so and to provide an amount for the funding for a trust established pursuant to section 524(g) of the Bankruptcy Code, to the extent that the other assets of Aldrich and Murray are insufficient to provide the requisite trust funding. Accounting Treatment Prior to the Petition Date Historically, the Company performed a detailed analysis and projected an estimated range of the Company’s total liability for pending and unasserted future asbestos-related claims. In accordance with ASC 450, the Company recorded the liability at the low end of the range as it believed that no amount within the range was a better estimate than any other amount. Asbestos-related defense costs were excluded from the liability and were recorded separately as services were incurred. The methodology used to prepare estimates relied upon and included the following factors, among others: • the interpretation of a widely accepted forecast of the population likely to have been occupationally exposed to asbestos; • epidemiological studies estimating the number of people likely to develop asbestos-related diseases such as mesothelioma and lung cancer; • the Company’s historical experience with the filing of non-malignancy claims and claims alleging other types of malignant diseases filed against the Company relative to the number of lung cancer claims filed against the Company; • the analysis of the number of people likely to file an asbestos-related personal injury claim against the Company based on such epidemiological and historical data and the Company’s claims history; • an analysis of the Company’s pending cases, by type of disease claimed and by year filed; • an analysis of the Company’s history to determine the average settlement and resolution value of claims, by type of disease claimed; • an adjustment for inflation in the future average settlement value of claims, at a 2.5% annual inflation rate, adjusted downward to 1.0% to take account of the declining value of claims resulting from the aging of the claimant population; and • an analysis of the period over which the Company has and is likely to resolve asbestos-related claims against it in the future (currently projected through 2053). Prior to the Petition Date and at December 31, 2019, over 73 percent of the open and active claims against the Company were non-malignant or unspecified disease claims. In addition, the Company had a number of claims which had been placed on inactive or deferred dockets and expected to have little or no settlement value against the Company. At June 17, 2020, immediately prior to the Petition Date, and at December 31, 2019, the Company’s liability for asbestos-related matters and the asset for probable asbestos-related insurance recoveries were included in the following accounts within the Consolidated Balance Sheet: In millions June 17, December 31, Accrued expenses and other current liabilities $ 57.1 $ 63.0 Other noncurrent liabilities 451.0 484.4 Total asbestos-related liabilities $ 508.1 $ 547.4 Other current assets $ 50.3 $ 66.2 Other noncurrent assets 220.6 237.8 Total asset for probable asbestos-related insurance recoveries $ 270.9 $ 304.0 The Company's asbestos insurance receivable related to the predecessors of Aldrich and Murray were $160.4 million and $110.5 million, respectively, at June 17, 2020 and $188.7 million and $115.3 million, respectively, at December 31, 2019. These receivables attributable to the predecessors of each of Aldrich and Murray for probable insurance recoveries as of June 17, 2020 and December 31, 2019 are entirely supported by settlement agreements between them and their respective insurance carriers. Most of these settlement agreements constitute “coverage-in-place” arrangements, in which the insurer signatories agree to reimburse the predecessors of Aldrich and Murray, as applicable, for specified portions of their respective costs for asbestos bodily injury claims and the predecessors of Aldrich and Murray, as applicable, agree to certain claims-handling protocols and grants to the insurer signatories certain releases and indemnifications. Prior to the Petition Date, the costs associated with the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of the Company's liability for potential future claims and recoveries were included in the Consolidated Statement of Comprehensive Income within continuing operations or discontinued operations depending on the business to which they relate. Income and expenses associated with asbestos-related matters of Aldrich and its predecessors were recorded within discontinued operations as they related to previously divested businesses, primarily Ingersoll-Dresser Pump, which was sold by the Company in 2000. Income and expenses associated with asbestos-related matters for Murray and its predecessors were recorded within continuing operations. The year ended December 31, 2020 includes a $17.4 million adjustment to correct an overstatement of a legacy legal liability that originated in prior years. The net income (expense) associated with these pre-Petition Date transactions for the years ended December 31, were as follows: In millions 2020 2019 2018 Continuing operations $ 14.8 $ 7.0 $ (10.4) Discontinued operations (11.2) 68.2 (56.5) Total $ 3.6 $ 75.2 $ (66.9) The amounts recorded by the Company for asbestos-related liabilities and insurance-related assets are based on currently available information. Key assumptions underlying the estimated asbestos-related liabilities include the number of people occupationally exposed and likely to develop asbestos-related diseases such as mesothelioma and lung cancer, the number of people likely to file an asbestos-related personal injury claim against the Company, the average settlement and resolution of each claim and the percentage of claims resolved with no payment. Furthermore, predictions with respect to estimates of the liability are subject to greater uncertainty as the projection period lengthens. Other factors that may affect the Company’s liability include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation. The aggregate amount of the stated limits in insurance policies available to Aldrich and Murray for asbestos-related claims acquired, over many years and from many different carriers, is substantial. However, as a result of limitations in that coverage, the projected total liability to claimants substantially exceeds the probable insurance recovery. Accounting Treatment After the Petition Date Upon deconsolidation, the Company recorded its retained interest in Aldrich and Murray at fair value within Other noncurrent assets in the Consolidated Balance Sheet. In determining the fair value of its equity investment, the Company used a market-adjusted multiple of earnings valuation technique (a market approach). Under the market approach, the Company used an adjusted multiple ranging from 11.0 to 12.5 of projected earnings before interest, taxes, depreciation and amortization (EBITDA) based on the market information of comparable companies. As a result, the Company recorded an aggregate equity investment of $53.6 million as of the Petition Date. Subsequent to deconsolidation, the Company will account for its equity investment in Aldrich and Murray at cost less impairment under the measurement alternative election in ASC 321, "Investments - Equity Securities". Simultaneously, the Company recognized a liability of $248.8 million within Other noncurrent liabilities in the Consolidated Balance Sheet related to its obligation under the Funding Agreements. Although the amounts that Aldrich and Murray may ultimately require under the Funding Agreements are unknown, the Company believes that an estimate of $248.8 million in the aggregate is reasonable at this time as the Company has no better estimate for the amounts that may ultimately be required under the Funding Agreement. The liability is based on asbestos-related liabilities and insurance-related assets balances previously recorded by the Company prior to the Petition Date and may be subject to change based on the facts and circumstances of the Chapter 11 proceedings. As a result of these actions, the Company recognized an aggregate loss of $24.9 million in its Consolidated Statements of Comprehensive Income. A gain of $0.9 million related to Murray and its wholly-owned subsidiary ClimateLabs was recorded within Other income/ (expense), net and a loss of $25.8 million related to Aldrich and its wholly-owned subsidiary 200 Park was recorded within Discontinued operations, net of tax . Additionally, the deconsolidation resulted in an investing cash outflow of $41.7 million in the Company's Consolidated Statements of Cash Flows, of which $10.8 million was recorded within continuing operations. Furthermore, in connection with the 2020 Corporate Restructuring, Aldrich, Murray and their respective subsidiaries entered into several agreements with subsidiaries of the Company to ensure they each have access to services necessary for the effective operation of their respective businesses and access to capital to address any liquidity needs that arise as a result of working capital requirements or timing issues. In addition, the Company regularly transacts business with Aldrich and its wholly-owned subsidiary 200 Park and Murray and its wholly-owned subsidiary ClimateLabs. As of the Petition Date, these entities are considered related parties and post deconsolidation activity between the Company and them are reported as third party transactions and are reflected within the Company's Consolidated Statements of Comprehensive Income. Since the Petition Date, there were no material transactions between the Company and these entities. Environmental Matters The Company continues to be dedicated to environmental and sustainability programs to minimize the use of natural resources, and reduce the utilization and generation of hazardous materials from our manufacturing processes and to remediate identified environmental concerns. As to the latter, the Company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former manufacturing facilities. The Company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state authorities. It has also been identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites. For all such sites, there are other PRPs and, in most instances, the Company’s involvement is minimal. In estimating its liability, the Company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable. The ability of other PRPs to participate has been taken into account, based on the Company's understanding of the parties’ financial condition and probable contributions on a per site basis. Additional lawsuits and claims involving environmental matters are likely to arise from time to time in the future. Reserves for environmental matters are classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on their expected term. As of December 31, 2020 and 2019, the Company has recorded reserves for environmental matters of $39.9 million and $40.2 million, respectively. Of these amounts $37.5 million relate to remediation of sites previously disposed by the Company. Warranty Liability Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The changes in the standard product warranty liability for the year ended December 31, were as follows: In millions 2020 2019 Balance at beginning of period $ 251.4 $ 245.6 Reductions for payments (130.5) (142.8) Accruals for warranties issued during the current period 144.6 144.1 Changes to accruals related to preexisting warranties 14.9 5.1 Translation 2.3 (0.6) Balance at end of period $ 282.7 $ 251.4 Standard product warranty liabilities are classified as Accrued expenses and other current liabilities , or Other noncurrent liabilities based on their expected term. The Company's total current standard product warranty reserve at December 31, 2020 and December 31, 2019 was $127.7 million and $124.9 million, respectively. Warranty Deferred Revenue The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Net revenues on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. The changes in the extended warranty liability for the year ended December 31, were as follows: In millions 2020 2019 Balance at beginning of period $ 302.8 $ 290.6 Amortization of deferred revenue for the period (123.6) (120.9) Additions for extended warranties issued during the period 123.7 133.5 Changes to accruals related to preexisting warranties — (0.4) Translation 1.5 — Balance at end of period $ 304.4 $ 302.8 The extended warranty liability is classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on the timing of when the deferred revenue is expected to be amortized into Net revenues . The Company's total current extended warranty liability at December 31, 2020 and December 31, 2019 was $108.6 million and $107.3 million, respectively. For the years ended December 31, 2020, 2019 and 2018, the Company incurred costs of $61.0 million, $62.8 million and $63.8 million, respectively, related to extended warranties.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
Summary of Significant Accounting Policies (Policy)	Dec. 31, 2020
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	The accompanying Consolidated Financial Statements reflect the consolidated operations of the Company and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (ASC). Intercompany accounts and transactions have been eliminated. The assets, liabilities, results of operations and cash flows of all discontinued operations have been separately reported as discontinued operations for all periods presented. The Consolidated Financial Statements include all majority-owned subsidiaries of the Company. A noncontrolling interest in a subsidiary is considered an ownership interest in a majority-owned subsidiary that is not attributable to the parent. The Company includes Noncontrolling interest as a component of Total equity in the Consolidated Balance Sheet and the Net earnings attributable to noncontrolling interests are presented as an adjustment from Net earnings used to arrive at Net earnings attributable to Trane Technologies plc
Use of Estimates, Policy	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic conditions and trends, and the assessment of the probable future outcome. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the statement of operations in the period that they are determined.
Currency Translation	Assets and liabilities of non-U.S. subsidiaries, where the functional currency is not the U.S. dollar, have been translated at year-end exchange rates, and income and expense accounts have been translated using average exchange rates throughout the year. Adjustments resulting from the process of translating an entity’s financial statements into the U.S. dollar have been recorded in the equity section of the Consolidated Balance Sheet within Accumulated other comprehensive income (loss) . Transactions that are denominated in a currency other than an entity’s functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within Net earnings .
Cash and Cash Equivalents	Cash and cash equivalents include cash on hand, demand deposits and all highly liquid investments with original maturities at the time of purchase of three months or less. The Company maintains amounts on deposit at various financial institutions, which may at times exceed federally insured limits. However, management periodically evaluates the credit-worthiness of those institutions and has not experienced any losses on such deposits.
Allowance for Doubtful Accounts	In accordance with Accounting Standard Update (ASU) 2016-13, “Financial Instruments - Credit Losses” (ASU 2016-13), the Company maintains an allowance for doubtful accounts receivable which represents the best estimate of probable loss inherent in the Company's accounts receivable portfolio. This estimate is based upon a two-step policy that results in the total recorded allowance for doubtful accounts. The first step is to record a portfolio reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical experience with the Company's end markets, customer base and products. The second step is to create a specific reserve for significant accounts as to which the customer's ability to satisfy their financial obligation to the Company is in doubt due to circumstances such as bankruptcy, deteriorating operating results or financial position. In these circumstances, management uses its judgment to record an allowance based on the best estimate of probable loss, factoring in such considerations as the market value of collateral, if applicable. Actual results could differ from those estimates. These estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statement of Comprehensive Income in the period that they are determined. The Company reserved $40.0 million and $32.2 million for doubtful accounts as of December 31, 2020 and 2019, respectively.
Inventories	Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost or market using the first-in, first-out (FIFO) method. Non-U.S. inventories are primarily stated at the lower of cost or market using the FIFO method. At December 31, 2020 and 2019, approximately 60% and 62%, respectively, of all inventory utilized the LIFO method.
Property, Plant and Equipment	Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows: Buildings 10 to 50 years Machinery and equipment 2 to 12 years Software 2 to 7 years Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. Per ASC 360, "Property, Plant, and Equipment" (ASC 360), the Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group.
Goodwill and Intangible Assets	The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. In accordance with ASC 350, "Intangibles-Goodwill and Other" (ASC 350), goodwill and other indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset is more likely than not less than the carrying amount of the asset. In addition, an interim impairment test is completed upon a triggering event or when there is a reorganization of reporting structure or disposal of all or a portion of a reporting unit. Impairment of goodwill is assessed at the reporting unit level and begins with an optional qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the goodwill impairment test under ASC 350. For those reporting units that bypass or fail the qualitative assessment, the test compares the carrying amount of the reporting unit to its estimated fair value. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. To the extent that the carrying value of the reporting unit exceeds its estimated fair value, an impairment loss will be recognized for the amount by which the reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in that reporting unit. Intangible assets such as patents, customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives. The weighted-average useful lives approximate the following: Customer relationships 17 years Other 10 years The Company assesses the recoverability of the carrying value of its intangible assets with finite useful lives whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group.
Business Combinations Policy	In accordance with ASC 805, "Business Combinations" (ASC 805), acquisitions are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company recognizes and measures the identifiable assets acquired, liabilities assumed, and any non-controlling interest as of the acquisition date fair value. The excess, if any, of total consideration transferred in a business combination over the fair value of identifiable assets acquired, liabilities assumed and any non-controlling interest is recognized as goodwill. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred.
Compensation Related Costs, Policy	The Company provides a range of benefits, including pensions, postretirement and postemployment benefits to eligible current and former employees. Determining the cost associated with such benefits is dependent on various actuarial assumptions, including discount rates, expected return on plan assets, compensation increases, mortality, turnover rates, and healthcare cost trend rates. Actuaries perform the required calculations to determine expense in accordance with GAAP. Actual results may differ from the actuarial assumptions and are generally accumulated into Accumulated other comprehensive income (loss) and amortized into Net earnings over future periods. The Company reviews its actuarial assumptions at each measurement date and makes modifications to the assumptions based on current rates and trends, if appropriate.
Loss Contingencies	Liabilities are recorded for various contingencies arising in the normal course of business. The Company has recorded reserves in the financial statements related to these matters, which are developed using input derived from actuarial estimates and historical and anticipated experience data depending on the nature of the reserve, and in certain instances with consultation of legal counsel, internal and external consultants and engineers. Subject to the uncertainties inherent in estimating future costs for these types of liabilities, the Company believes its estimated reserves are reasonable and does not believe the final determination of the liabilities with respect to these matters would have a material effect on the financial condition, results of operations, liquidity or cash flows of the Company for any year.
Regulatory Environmental Costs, Policy	The Company is subject to laws and regulations relating to protecting the environment. Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and can be reasonably estimated, generally no later than the completion of feasibility studies or the Company’s commitment to a plan of action. The assessment of this liability, which is calculated based on existing remediation technology, does not reflect any offset for possible recoveries from insurance companies, and is not discounted
Asbestos Matters	Prior to the Petition Date, certain of the Company's wholly-owned subsidiaries and former companies were named as defendants in asbestos-related lawsuits in state and federal courts. The Company recorded a liability for actual and anticipated future claims as well as an asset for anticipated insurance settlements. Asbestos-related defense costs were excluded from the asbestos claims liability and were recorded separately as services were incurred. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. The Company recorded certain income and expenses associated with asbestos liabilities and corresponding insurance recoveries within discontinued operations, net of tax, as they related to previously divested businesses, except for amounts associated with the predecessor of Murray's asbestos liabilities and corresponding insurance recoveries, which were recorded within continuing operations.
Standard Product Warranty, Policy	Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available.
Extended Product Warranty, Policy	The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into revenue on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability.
Income Taxes	Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company recognizes future tax benefits, such as net operating losses and tax credits, to the extent that realizing these benefits is considered in its judgment to be more likely than not. The Company regularly reviews the recoverability of its deferred tax assets considering its historic profitability, projected future taxable income, timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies. Where appropriate, the Company records a valuation allowance with respect to a future tax benefit.
Revenue Recognition	Revenue is recognized when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. A majority of the Company's revenues are recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenues are recognized over time as the customer simultaneously receives control as the Company performs work under a contract. For these arrangements, the cost-to-cost input method is used as it best depicts the transfer of control to the customer that occurs as the Company incurs costs. See Note 13 to the Consolidated Financial Statements for additional information regarding revenue recognition.
Research and Development Expense, Policy	The Company conducts research and development activities for the purpose of developing and improving new products and services. These expenditures are expensed when incurred. For the years ended December 31, 2020, 2019 and 2018, these expenditures amounted to $165.0 million, $174.2 million and $166.7 million, respectively.
Recent adopted accounting pronouncements	Recently Adopted Accounting Pronouncements In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762" (ASU 2020-09), which amends Topic 470 and certain other topics to conform to disclosure rules on guaranteed debt offerings in SEC Release No.33-10762. The SEC adopted amendments to the financial disclosure requirements for guarantors and issuers of guaranteed securities registered or being registered in Rule 3-10 of Regulations S-X, and affiliates whose securities registered or being registered in Rule 3-16 of Regulation S-X. The amended rules aim to improve disclosure, reduce compliance burdens for issuers and increase investor protection. ASU 2020-09 is effective on January 4, 2021, pursuant to SEC Release No. 33-10762 with early application permitted. The Company early adopted this standard during the first quarter of 2020 and elected to disclose summarized financial information of the issuers and guarantors on a combined basis within Management's Discussion and Analysis of Financial Condition and Results of Operations. In August 2018, the FASB issued ASU 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract" (ASU 2018-15), which aligns the requirements for capitalizing implementation costs in a cloud-computing arrangement service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. In addition, the guidance also clarifies the presentation requirements for reporting such costs in the financial statements. ASU 2018-15 is effective for annual reporting periods beginning after December 15, 2019 with early adoption permitted. The Company adopted this standard on January 1, 2020 on a prospective basis with no material impact on its financial statements. In June 2016, the FASB issued ASU 2016-13, which changes the impairment model for most financial assets and certain other instruments from an incurred loss model to an expected loss model. In addition, the guidance also requires incremental disclosures regarding allowances and credit quality indicators. ASU 2016-13 is required to be adopted using the modified-retrospective approach and is effective in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this standard on January 1, 2020 with no material impact on its financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (ASC 842), which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The Company adopted this standard using a modified-retrospective approach as of January 1, 2019. Under this approach, the Company recognized and recorded a right-of-use (ROU) asset and related lease liability on the Consolidated Balance Sheet of $521 million with no impact to Retained earnings . Reporting periods prior to January 1, 2019 continue to be presented in accordance with previous lease accounting guidance under GAAP. As part of the adoption, the Company elected the package of practical expedients permitted under the transition guidance which includes the ability to carry forward historical lease classification. Refer to Note 11, “Leases,” for a further discussion on the adoption of ASC 842. In August 2017, the FASB issued ASU 2017-12, "Derivatives and hedging (Topic 815): Targeted improvements to accounting for hedging activities" (ASU 2017-12). This standard more closely aligns the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. This standard also addresses specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. Additionally, by aligning the timing of recognition of hedge results with the earnings effect of the hedged item for cash flow and net investment hedges, and by including the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is presented, the results of an entity’s hedging program and the cost of executing that program will be more visible to users of financial statements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018 with early adoption permitted. The Company adopted this standard on October 1, 2018 with no material impact to the financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory” (ASU 2016-16) which removed the prohibition in Topic 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. As a result, the income tax consequences of an intra-entity transfer of assets other than inventory will be recognized in the current period income statement rather than being deferred until the assets leave the consolidated group. The Company applied ASU 2016-16 on a modified retrospective basis through a cumulative effect adjustment which reduced Retained earnings by $9.1 million as of January 1, 2018. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" (ASC 606), which created a comprehensive, five-step model for revenue recognition that requires a company to recognize revenue to depict the transfer of promised goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Under ASC 606, a company will be required to use more judgment and make more estimates when considering contract terms as well as relevant facts and circumstances when identifying performance obligations, estimating the amount of variable consideration in the transaction price and allocating the transaction price to each separate performance obligation. The Company adopted this standard on January 1, 2018 using the modified retrospective approach and recorded a cumulative effect adjustment to increase Retained earnings by $2.4 million with related amounts not materially impacting the Balance Sheet. Refer to Note 13, “Revenue,” for a further discussion on the adoption of ASC 606.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2020
Schedule of Depreciation Range of Useful Lives	The range of useful lives used to depreciate property, plant and equipment is as follows: Buildings 10 to 50 years Machinery and equipment 2 to 12 years Software 2 to 7 years
Schedule of Intangible Assets Weighted Average Useful Lives	The weighted-average useful lives approximate the following: Customer relationships 17 years Other 10 years

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2020
Inventory, Net [Abstract]
MajorClassesOfInventory [Table Text Block]	At December 31, the major classes of inventory were as follows: In millions 2020 2019 Raw materials $ 305.0 $ 333.5 Work-in-process 163.9 173.7 Finished goods 761.4 804.9 1,230.3 1,312.1 LIFO reserve (41.1) (33.5) Total $ 1,189.2 $ 1,278.6

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
Property, Plant and Equipment (Tables)	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of Major Classes of Property, Plant and Equipment	At December 31, the major classes of property, plant and equipment were as follows: In millions 2020 2019 Land $ 40.7 $ 40.1 Buildings 676.7 660.0 Machinery and equipment 1,749.3 1,600.2 Software 638.0 655.2 3,104.7 2,955.5 Accumulated depreciation (1,755.2) (1,603.5) Total $ 1,349.5 $ 1,352.0

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
Goodwill (Tables)	Dec. 31, 2020
Goodwill Abstract
Changes in Goodwill Carrying Amounts	The reassigned amounts of goodwill as of December 31, 2018 and the changes in the carrying amount of goodwill are as follows: In millions Americas EMEA Asia Pacific Total Net balance as of December 31, 2018 $ 3,809.4 $ 747.3 $ 542.5 $ 5,099.2 Acquisitions (1) 45.3 — — 45.3 Currency translation 4.1 (16.2) (6.7) (18.8) Net balance as of December 31, 2019 3,858.8 731.1 535.8 5,125.7 Acquisitions (1) 130.1 — — 130.1 Deconsolidation of certain entities under Chapter 11 (2) (9.2) — — (9.2) Currency translation 0.3 62.4 33.5 96.2 Net balance as of December 31, 2020 $ 3,980.0 $ 793.5 $ 569.3 $ 5,342.8 (1) Refer to Note 19, "Acquisitions and Divestitures" for more information regarding acquisitions. (2) Refer to Note 22, "Commitments and Contingencies", for more information regarding the Chapter 11 bankruptcy and asbestos-related matters. The net goodwill balances at December 31, 2020, 2019 and 2018 include $2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge recorded in 2008.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Dec. 31, 2020
Intangible Assets Abstract
Schedule Of Intangible Asset Excluding Goodwill	The following table sets forth the gross amount and related accumulated amortization of the Company’s intangible assets at December 31: 2020 2019 In millions Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 2,010.2 $ (1,362.4) $ 647.8 $ 1,928.5 $ (1,239.2) $ 689.3 Other 210.7 (199.4) 11.3 212.2 (203.4) 8.8 Total finite-lived intangible assets $ 2,220.9 $ (1,561.8) $ 659.1 $ 2,140.7 $ (1,442.6) $ 698.1 Trademarks (indefinite-lived) 2,627.3 — 2,627.3 2,625.5 — 2,625.5 Total $ 4,848.2 $ (1,561.8) $ 3,286.4 $ 4,766.2 $ (1,442.6) $ 3,323.6

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	12 Months Ended
Debt and Credit Facilities (Tables)	Dec. 31, 2020
Debt Disclosure [Abstract]
Short-Term Borrowings and Current Maturities of Long-Term Debt	At December 31, Short-term borrowings and current maturities of long-term debt consisted of the following: In millions 2020 2019 Debentures with put feature $ 343.0 $ 343.0 2.625% Senior notes due 2020 (1) — 299.8 2.900% Senior notes due 2021 (2) 299.9 — 9.000% Debentures due 2021 (3) 125.0 — Other current maturities of long-term debt 7.7 7.5 Total $ 775.6 $ 650.3 (1) The 2.625% Senior notes due in May 2020 were redeemed in April 2020. (2) The 2.900% Senior notes are due in February 2021. (3) The 9.000% Debentures are due in August 2021.
Long-Term Debt Excluding Current Maturities	At December 31, long-term debt excluding current maturities consisted of: In millions 2020 2019 2.900% Senior notes due 2021 (1) — 299.1 9.000% Debentures due 2021 (2) — 124.9 4.250% Senior notes due 2023 698.4 697.8 7.200% Debentures due 2020-2025 29.9 37.3 3.550% Senior notes due 2024 497.3 496.6 6.480% Debentures due 2025 149.7 149.7 3.500% Senior notes due 2026 397.3 396.8 3.750% Senior notes due 2028 545.6 545.1 3.800% Senior notes due 2029 744.4 743.6 5.750% Senior notes due 2043 494.7 494.5 4.650% Senior notes due 2044 296.1 295.9 4.300% Senior notes due 2048 296.2 296.0 4.500% Senior notes due 2049 345.7 345.5 Other loans and notes 1.2 0.1 Total $ 4,496.5 $ 4,922.9 (1) The 2.900% Senior notes are due in February 2021 and have been reclassified from noncurrent to current. (2) The 9.000% Debentures are due in August 2021 and have been reclassified from noncurrent to current.
Schedule of Long-Term Debt Maturities and Repayments of Principle	Scheduled maturities of long-term debt, including current maturities, as of December 31, 2020 are as follows: In millions 2021 $ 775.6 2022 7.9 2023 706.3 2024 505.1 2025 157.2 Thereafter 3,120.0 Total $ 5,272.1

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
Financial Instruments (Tables)	Dec. 31, 2020
Financial Instruments Abstract
Schedule of the Fair Values of Derivative Instruments	The fair values of derivative instruments included within the Consolidated Balance Sheet as of December 31 were as follows: Derivative assets Derivative liabilities In millions 2020 2019 2020 2019 Derivatives designated as hedges: Currency derivatives $ 0.7 $ 0.1 $ 1.7 $ 3.9 Derivatives not designated as hedges: Currency derivatives 1.5 1.0 4.8 3.3 Total derivatives $ 2.2 $ 1.1 $ 6.5 $ 7.2
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table represents the amounts associated with derivatives designated as hedges affecting Net earnings and AOCI for the years ended December 31: Amount of gain (loss) recognized in AOCI Location of gain (loss) reclassified from AOCI and recognized into Net earnings Amount of gain (loss) reclassified from AOCI and recognized into Net earnings In millions 2020 2019 2018 2020 2019 2018 Currency derivatives - continuing $ 3.3 $ (2.5) $ 0.7 Cost of goods sold $ (2.6) $ (1.5) $ (1.0) Currency derivatives - discontinued — (0.2) 0.5 Discontinued operations — 0.1 0.2 Interest rate swaps & locks — — — Interest expense 0.7 0.7 (0.1) Total $ 3.3 $ (2.7) $ 1.2 $ (1.9) $ (0.7) $ (0.9)
Derivatives Not Designated as Hedging Instruments [Table Text Block]	The following table represents the amounts associated with derivatives not designated as hedges affecting Net earnings for the years ended December 31: In millions Location of gain (loss) recognized in Net earnings Amount of gain (loss) recognized in Net earnings 2020 2019 2018 Currency derivatives - continuing Other income (expense), net $ 7.5 $ (5.2) $ (30.0) Currency derivatives - discontinued Discontinued operations (0.4) (1.2) 0.4 Total $ 7.1 $ (6.4) $ (29.6)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	The following table presents the effects of the Company's designated financial instruments on the associated financial statement line item within the Consolidated Statement of Comprehensive Income where the financial instrument are recorded for the years ended December 31: Classification and amount of gain (loss) recognized in income on cash flow hedging relationships 2020 2019 2018 In millions Cost of goods sold Interest expense Cost of goods sold Interest expense Cost of goods sold Interest expense Total amounts presented in the Consolidated Statements of Comprehensive Income $ (8,651.3) $ (248.7) $ (9,085.5) $ (242.8) $ (8,582.5) $ (221.0) Gain (loss) on cash flow hedging relationships Currency derivatives: Amount of gain (loss) reclassified from AOCI and recognized into Net earnings $ (2.6) $ — $ (1.5) $ — $ (1.0) $ — Amount excluded from effectiveness testing recognized in net earnings based on changes in fair value and amortization $ (2.1) $ — $ (3.0) $ — $ (0.1) $ — Interest rate swaps & locks: Amount of gain (loss) reclassified from AOCI and recognized into Net earnings $ — $ 0.7 $ — $ 0.7 $ — $ (0.1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurements [Abstract]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2020: In millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 2.2 $ — $ 2.2 $ — Liabilities: Derivative instruments $ 6.5 $ — $ 6.5 $ —	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2019: In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 1.1 $ — $ 1.1 $ — Liabilities: Derivative instruments $ 7.2 $ — $ 7.2 $ —

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2020
Leases [Abstract]
Lessee, Operating Lease, Disclosure [Table Text Block]	The following table includes a summary of the Company's lease portfolio and Balance Sheet classification: In millions Classification December 31, December 31, Assets Operating lease right-of-use assets (1) Other noncurrent assets $ 409.0 $ 469.4 Liabilities Operating lease current Other current liabilities 138.8 145.0 Operating lease noncurrent Other noncurrent liabilities 276.5 329.9 Weighted average remaining lease term 4.0 years 4.3 years Weighted average discount rate 3.3 % 3.6 % (1) Prepaid lease payments and lease incentives are recorded as part of the right-of-use asset. The net impact was $6.3 million and $5.5 million at December 31, 2020 and December 31, 2019, respectively.
Lease, Cost [Table Text Block]	The following table includes lease costs and related cash flow information for the year ended December 31: In millions 2020 2019 Operating lease expense $ 173.0 $ 163.5 Variable lease expense 24.9 19.9 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 172.2 161.5 Right-of-use assets obtained in exchange for new operating lease liabilities 114.6 162.9
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of lease obligations were as follows: In millions December 31, Operating leases: 2021 $ 152.0 2022 114.1 2023 78.2 2024 46.8 2025 22.8 After 2025 34.5 Total lease payments $ 448.4 Less: Interest (33.1) Present value of lease liabilities $ 415.3

Pensions and Postretirement B_2

Pensions and Postretirement Benefits Other than Pensions (Tables)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan, Assumptions [Table Text Block]	Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 were as follows: 2020 2019 2018 Discount rate: U.S. plans Service cost 3.36 % 4.24 % 3.70 % Interest cost 2.78 % 3.88 % 3.24 % Non-U.S. plans Service cost 1.87 % 2.81 % 2.52 % Interest cost 1.51 % 2.83 % 2.46 % Rate of compensation increase: U.S. plans 4.00 % 4.00 % 4.00 % Non-U.S. plans 3.75 % 4.00 % 4.00 % Expected return on plan assets: U.S. plans 4.75 % 5.75 % 5.50 % Non-U.S. plans 2.75 % 3.25 % 3.25 %
Pension Plans [Member]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	The following table details information regarding the Company’s pension plans at December 31: In millions 2020 2019 Change in benefit obligations: Benefit obligation at beginning of year $ 3,851.2 $ 3,465.3 Service cost 58.3 73.6 Interest cost 83.8 119.1 Employee contributions 1.0 1.1 Amendments 1.9 5.7 Actuarial (gains) losses (1) 317.7 422.8 Benefits paid (189.2) (225.3) Currency translation 43.8 9.0 Curtailments, settlements and special termination benefits (7.8) (3.1) Impact of the Transaction (486.2) — Other, including expenses paid (11.7) (17.0) Benefit obligation at end of year $ 3,662.8 $ 3,851.2 Change in plan assets: Fair value at beginning of year $ 3,136.8 $ 2,766.9 Actual return on assets 395.6 526.1 Company contributions 99.7 83.1 Employee contributions 1.0 1.1 Benefits paid (189.2) (225.3) Currency translation 39.5 12.0 Settlements (7.8) (5.3) Impact of the Transaction (351.7) — Other, including expenses paid (9.3) (21.8) Fair value of assets end of year $ 3,114.6 $ 3,136.8 Net unfunded liability $ (548.2) $ (714.4) Amounts included in the balance sheet: Other noncurrent assets $ 72.8 $ 50.0 Assets held-for-sale — 0.3 Accrued compensation and benefits (22.9) (7.2) Postemployment and other benefit liabilities (598.1) (617.3) Liabilities held-for-sale — (140.2) Net amount recognized $ (548.2) $ (714.4)
Schedule of Comprehensive Income (Loss) [Table Text Block]	The pretax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Prior service benefit (cost) Net actuarial gains (losses) Total December 31, 2019 $ (32.4) $ (800.2) $ (832.6) Current year changes recorded to AOCI (1.9) (43.2) (45.1) Amortization reclassified to earnings 5.3 43.7 49.0 Settlements/curtailments reclassified to earnings — (1.8) (1.8) Impact of the Transaction 1.3 110.0 111.3 Currency translation and other (0.6) (9.8) (10.4) December 31, 2020 $ (28.3) $ (701.3) $ (729.6)
Defined Benefit Plan, Assumptions [Table Text Block]	Weighted-average assumptions used to determine the benefit obligation at December 31 were as follows: 2020 2019 Discount rate: U.S. plans 2.52 % 3.22 % Non-U.S. plans 1.27 % 1.66 % Rate of compensation increase: U.S. plans 4.00 % 4.00 % Non-U.S. plans 3.75 % 3.75 %
Schedule of Expected Benefit Payments [Table Text Block]	Pension benefit payments are expected to be paid as follows: In millions 2021 $ 210.7 2022 204.5 2023 207.1 2024 200.7 2025 246.6 2026-2030 960.9
Schedule of Net Benefit Costs [Table Text Block]	The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following: In millions 2020 2019 2018 Service cost $ 58.3 $ 73.6 $ 75.0 Interest cost 83.8 119.1 109.7 Expected return on plan assets (121.1) (138.5) (146.6) Net amortization of: Prior service costs (benefits) 5.3 5.0 4.2 Plan net actuarial (gains) losses 43.7 54.3 51.3 Net periodic pension benefit cost 70.0 113.5 93.6 Net curtailment, settlement, and special termination benefits (gains) losses (1.8) 4.5 2.3 Net periodic pension benefit cost after net curtailment and settlement (gains) losses $ 68.2 $ 118.0 $ 95.9 Amounts recorded in continuing operations: Operating income $ 51.7 $ 58.8 $ 61.0 Other income/(expense), net 11.7 31.8 14.2 Amounts recorded in discontinued operations 4.8 27.4 20.7 Total $ 68.2 $ 118.0 $ 95.9
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The fair values of the Company’s pension plan assets at December 31, 2020 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 3.1 $ 34.2 $ — $ — $ 37.3 Equity investments: Registered mutual funds – equity specialty — — — 65.1 65.1 Commingled funds – equity specialty — — — 622.0 622.0 — — — 687.1 687.1 Fixed income investments: U.S. government and agency obligations — 504.7 — — 504.7 Corporate and non-U.S. bonds (a) — 1,424.2 — — 1,424.2 Asset-backed and mortgage-backed securities — 48.4 — — 48.4 Registered mutual funds – fixed income specialty — — — 118.3 118.3 Commingled funds – fixed income specialty — — — 153.3 153.3 Other fixed income (b) — — 28.3 — 28.3 — 1,977.3 28.3 271.6 2,277.2 Derivatives — 0.3 — — 0.3 Real estate (c) — — 2.8 — 2.8 Other (d) — — 112.3 — 112.3 Total assets at fair value $ 3.1 $ 2,011.8 $ 143.4 $ 958.7 $ 3,117.0 Receivables and payables, net (2.4) Net assets available for benefits $ 3,114.6	The fair values of the Company’s pension plan assets at December 31, 2019 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 7.0 $ 26.3 $ — $ — $ 33.3 Equity investments: Registered mutual funds – equity specialty — — — 61.5 61.5 Commingled funds – equity specialty — — — 665.2 665.2 — — — 726.7 726.7 Fixed income investments: U.S. government and agency obligations — 528.5 — — 528.5 Corporate and non-U.S. bonds (a) — 1,393.0 0.4 — 1,393.4 Asset-backed and mortgage-backed securities — 70.9 — — 70.9 Registered mutual funds – fixed income specialty — — — 103.3 103.3 Commingled funds – fixed income specialty — — — 127.6 127.6 Other fixed income (b) — — 26.0 — 26.0 — 1,992.4 26.4 230.9 2,249.7 Derivatives — 0.4 — — 0.4 Real estate (c) — — 3.4 — 3.4 Other (d) — — 114.1 — 114.1 Total assets at fair value $ 7.0 $ 2,019.1 $ 143.9 $ 957.6 $ 3,127.6 Receivables and payables, net 9.2 Net assets available for benefits $ 3,136.8 (a) This class includes state and municipal bonds. (b) This class includes group annuity and guaranteed interest contracts. (c) This class includes a private equity fund that invests in real estate. (d) This investment comprises the Company's non-significant, non-US pension plan assets. It primarily includes insurance contracts.
Postretirement [Member]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31: In millions 2020 2019 Benefit obligation at beginning of year $ 428.8 $ 442.7 Service cost 2.4 2.6 Interest cost 9.7 14.8 Plan participants’ contributions 8.2 7.7 Actuarial (gains) losses (1) 9.3 6.7 Benefits paid, net of Medicare Part D subsidy (2) (39.9) (45.6) Impact of the Transaction (28.7) — Other (0.7) (0.1) Benefit obligations at end of year $ 389.1 $ 428.8 (1) Net actuarial losses primarily resulted from losses driven by changes in discount rates offset by gains driven by changes in per capita cost assumptions. (2) Amounts are net of Medicare Part D subsidy of $0.7 million and $0.8 million in 2020 and 2019, respectively.
Schedule of Comprehensive Income (Loss) [Table Text Block]	The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Net actuarial gains (losses) Balance at December 31, 2019 $ 72.8 Gain (loss) in current period (9.3) Amortization reclassified to earnings (5.6) Impact of the Transaction (5.5) Balance at December 31, 2020 $ 52.4
Defined Benefit Plan, Assumptions [Table Text Block]	2020 2019 2018 Discount rate: Benefit obligations at December 31 2.25 % 2.99 % 4.05 % Net periodic benefit cost Service cost 3.18 % 4.13 % 3.47 % Interest cost 2.73 % 3.67 % 2.94 % Assumed health-care cost trend rates at December 31: Current year medical inflation 6.50 % 6.75 % 6.45 % Ultimate inflation rate 4.75 % 4.75 % 5.00 % Year that the rate reaches the ultimate trend rate 2028 2028 2023
Schedule of Expected Benefit Payments [Table Text Block]	Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows: In millions 2021 $ 37.1 2022 35.8 2023 33.7 2024 31.7 2025 29.9 2026 — 2030 121.7
Schedule of Net Funded Status [Table Text Block]	The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows: In millions December 31, 2020 December 31, 2019 Accrued compensation and benefits $ (37.1) $ (38.3) Postemployment and other benefit liabilities (352.0) (361.3) Liabilities held-for-sale — (29.2) Total $ (389.1) $ (428.8)
Schedule of Costs of Retirement Plans [Table Text Block]	The components of net periodic postretirement benefit (income) cost for the years ended December 31 were as follows: In millions 2020 2019 2018 Service cost $ 2.4 $ 2.6 $ 2.8 Interest cost 9.7 14.8 14.4 Net amortization of: Prior service costs (benefits) — (0.3) (3.8) Net actuarial (gains) losses (5.6) (10.9) (1.0) Net periodic postretirement benefit cost $ 6.5 $ 6.2 $ 12.4 Amounts recorded in continuing operations: Operating income $ 2.4 $ 2.5 $ 2.8 Other income/(expense), net 3.0 3.1 6.9 Amounts recorded in discontinued operations 1.1 0.6 2.7 Total $ 6.5 $ 6.2 $ 12.4

Revenue (Tables)

Revenue (Tables)	12 Months Ended
Revenue (Tables)	Dec. 31, 2020
Disaggregation of Revenue [Abstract]
Disaggregation of Revenue [Table Text Block]	Net revenues by geography and major type of good or service for the year ended at December 31 were as follows: In millions 2020 2019 2018 Americas Equipment $ 6,479.0 $ 6,880.4 $ 6,236.6 Services and parts 3,206.9 3,179.1 2,982.8 Total Americas $ 9,685.9 $ 10,059.5 $ 9,219.4 EMEA Equipment $ 1,119.9 $ 1,208.0 $ 1,271.7 Services and parts 528.2 554.6 559.4 Total EMEA $ 1,648.1 $ 1,762.6 $ 1,831.1 Asia Pacific Equipment $ 773.6 $ 879.7 $ 917.3 Services and parts 347.1 374.1 376.0 Total Asia Pacific $ 1,120.7 $ 1,253.8 $ 1,293.3 Total Net revenues $ 12,454.7 $ 13,075.9 $ 12,343.8
Contract with Customer, Asset and Liability [Table Text Block]	The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended December 31, 2020 and December 31, 2019 were as follows: In millions 2020 2019 Contract assets $ 255.4 $ 172.6 Contract liabilities 1,077.0 941.9 The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets, and customer advances and deposits (contract liabilities) on the Consolidated Balance Sheet. In general, the Company receives payments from customers based on a billing schedule established in its contracts. Contract assets relate to the conditional right to consideration for any completed performance under the contract when costs are incurred in excess of billings under the percentage-of-completion methodology. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities relate to payments received in advance of performance under the contract or when the Company has a right to consideration that is unconditional before it transfers a good or service to the customer. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. During the years ended December 31, 2020 and 2019, changes in contract asset and liability balances were not materially impacted by any other factors.

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Reconciliation of Ordinary Shares	The changes in ordinary shares and treasury shares for the year ended December 31, 2020 were as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2019 262.8 24.5 Shares issued under incentive plans 2.3 — Repurchase of ordinary shares (1.8) — December 31, 2020 263.3 24.5
Components of 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, 2018 $ 6.7 $ (454.0) $ (516.8) $ (964.1) Other comprehensive income (loss) attributable to Trane Technologies plc (1.1) (3.4) (38.0) (42.5) December 31, 2019 $ 5.6 $ (457.4) $ (554.8) $ (1,006.6) Separation of Ingersoll Rand Industrial, net of tax — 64.8 70.2 135.0 Other comprehensive income (loss) attributable to Trane Technologies plc 5.2 (23.9) 258.8 240.1 December 31, 2020 $ 10.8 $ (416.5) $ (225.8) $ (631.5)
Other Comprehensive Income, Noncontrolling Interest [Text Block]	The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2020, 2019 and 2018 were $2.7 million, $0.9 million and $(3.0) million, respectively, related to currency translation.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
Share-Based Compensation (Tables)	Dec. 31, 2020
Share-based Payment Arrangement, Disclosure [Abstract]
Share-based Payment Arrangement, Cost by Plan [Table Text Block]	The following table summarizes the expenses recognized: In millions 2020 2019 2018 Stock options $ 17.9 $ 20.2 $ 23.5 RSUs 23.3 26.5 30.4 PSUs 26.7 17.9 23.0 Deferred compensation 3.9 3.1 3.4 Other (1) 3.3 3.5 0.5 Pre-tax expense 75.1 71.2 80.8 Tax benefit (18.2) (17.3) (19.6) After-tax expense $ 56.9 $ 53.9 $ 61.2 Amounts recorded in continuing operations 55.2 46.5 52.5 Amounts recorded in discontinued operations 1.7 7.4 8.7 Total $ 56.9 $ 53.9 $ 61.2 (1) Includes certain plans that have a market-based component.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The following assumptions were used during the year ended December 31: 2020 2019 2018 Dividend yield 2.01 % 2.06 % 2.00 % Volatility 24.33 % 21.46 % 21.64 % Risk-free rate of return 0.56 % 2.46 % 2.48 % Expected life in years 4.8 4.8 4.8
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Changes in options outstanding under the plans for the years 2020, 2019 and 2018 were as follows: Shares Weighted- Aggregate Weighted- December 31, 2017 6,354,882 $ 56.49 Granted 1,541,025 89.71 Exercised (1,515,955) 45.44 Cancelled (94,601) 79.53 December 31, 2018 6,285,351 66.95 Granted 1,286,857 101.42 Exercised (2,076,338) 56.17 Cancelled (76,624) 92.38 December 31, 2019 5,419,246 78.91 Granted 1,021,628 105.29 Exercised (1,767,782) 58.27 Cancelled (49,539) 88.12 Adjustment due to the Transaction 1,095,805 n/a Outstanding December 31, 2020 5,719,358 $ 70.53 $ 426.9 6.2 Exercisable December 31, 2020 3,352,349 $ 58.77 $ 289.6 5.0
Share-based Payment Arrangement, Activity [Table Text Block]	The following table summarizes information concerning currently outstanding and exercisable options: Options outstanding Options exercisable Range of Number Weighted- Weighted- Number Weighted- Weighted- $ 15.01 — $ 30.00 91,434 0.9 $ 26.16 91,434 0.9 $ 26.16 30.01 — 40.00 682,984 4.0 37.95 682,984 4.0 37.95 40.01 — 50.00 232,405 3.0 46.56 232,405 3.0 46.56 50.01 — 60.00 328,001 3.7 52.28 328,001 3.7 52.28 60.01 — 70.00 939,243 5.6 63.19 776,864 5.2 62.66 70.01 — 80.00 2,430,895 6.8 74.53 1,207,923 6.4 73.38 80.01 — 90.00 1,667 8.3 86.31 555 8.3 86.31 90.01 — 100.00 19,921 8.6 94.50 1,369 8.7 92.92 100.01 — 110.00 991,715 8.9 105.25 30,814 3.5 105.28 110.01 — 145.00 1,093 9.9 144.34 — 0.0 — $ 18.90 — $ 144.34 5,719,358 6.2 $ 70.53 3,352,349 5.0 $ 58.77
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	The following table summarizes RSU activity for the years 2020, 2019 and 2018: RSUs Weighted- Outstanding and unvested at December 31, 2017 803,699 $ 67.09 Granted 327,411 90.07 Vested (389,285) 64.88 Cancelled (20,186) 77.95 Outstanding and unvested at December 31, 2018 721,639 $ 78.40 Granted 268,465 102.98 Vested (364,817) 70.26 Cancelled (20,947) 89.64 Outstanding and unvested at December 31, 2019 604,340 $ 93.56 Granted 213,142 104.76 Vested (338,952) 86.62 Cancelled (11,356) 84.38 Adjustment due to the Transaction 22,348 n/a Outstanding and unvested at December 31, 2020 489,522 $ 87.75
Schedule of Share-based Compensation, Performance Shares [Table Text Block]	The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2020, 2019 and 2018: PSUs Weighted-average grant date fair value Outstanding and unvested at December 31, 2017 1,364,536 $ 73.31 Granted 363,342 106.31 Vested (309,306) 76.00 Forfeited (172,408) 90.89 Outstanding and unvested at December 31, 2018 1,246,164 $ 79.83 Granted 312,362 111.12 Vested (539,402) 53.76 Forfeited (34,194) 106.14 Outstanding and unvested at December 31, 2019 984,930 $ 103.12 Granted 278,468 140.72 Vested (340,400) 93.63 Forfeited (56,430) 89.94 Adjustment due to the Transaction 151,904 n/a Outstanding and unvested at December 31, 2020 1,018,472 $ 99.53
Share Based Compensation Stock Option And Restricted Stock Units Granted [Text Block]	Grants issued during the year ended December 31 were as follows: 2020 2019 2018 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 1,021,628 $ 16.75 1,286,857 $ 17.17 1,541,025 $ 15.51 RSUs 213,142 $ 104.76 268,465 $ 102.98 327,411 $ 90.07 Performance shares (1) 278,468 $ 140.72 312,362 $ 111.12 363,342 $ 106.31

Restructuring Activities (Table

Restructuring Activities (Tables)	12 Months Ended
Restructuring Activities (Tables)	Dec. 31, 2020
Restructuring Charges [Abstract]
Schedule of Restructuring Charges Recorded	. Restructuring charges recorded during the years ended December 31 were as follows: In millions 2020 2019 2018 Americas $ 35.3 $ 39.0 $ 27.5 EMEA 7.4 5.1 4.6 Asia Pacific 5.1 6.7 2.0 Corporate and Other 27.9 1.8 9.4 Total $ 75.7 $ 52.6 $ 43.5 Cost of goods sold $ 24.1 $ 37.3 $ 25.2 Selling and administrative expenses 51.6 15.3 18.3 Total $ 75.7 $ 52.6 $ 43.5
Schedule of Changes in Restructuring Reserve	The changes in the restructuring reserve were as follows: In millions Americas EMEA Asia Pacific Corporate Total December 31, 2018 $ 15.3 $ 1.7 $ 1.9 $ 2.6 $ 21.5 Additions, net of reversals (1) 36.3 5.1 6.7 1.8 49.9 Cash paid/Other (39.7) (4.0) 0.5 (2.8) (46.0) December 31, 2019 11.9 2.8 9.1 1.6 25.4 Additions, net of reversals (2) 31.3 7.4 5.1 27.9 71.7 Cash paid/Other (30.6) (5.9) (12.2) (18.9) (67.6) December 31, 2020 $ 12.6 $ 4.3 $ 2.0 $ 10.6 $ 29.5 (1) Excludes the non-cash costs of asset rationalizations ($2.7 million). (2) Excludes the non-cash costs of asset rationalizations ($4.0 million).

Other, Net (Tables)

Other, Net (Tables)	12 Months Ended
Other, Net (Tables)	Dec. 31, 2020
Other Net [Abstract]
Other, Net	The components of Other income/(expense), net for the years ended December 31, 2020, 2019 and 2018 were as follows: In millions 2020 2019 2018 Interest income/(loss) $ 4.5 $ 0.6 $ 2.4 Foreign currency exchange gain (loss) (10.0) (9.5) (12.8) Other components of net periodic benefit cost (14.7) (34.9) (21.1) Other activity, net 24.3 15.4 (1.8) Other income/(expense), net $ 4.1 $ (28.4) $ (33.3)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions: In millions 2020 2019 2018 United States $ 653.9 $ 837.4 $ 728.2 Non-U.S. 634.3 561.5 529.6 Total $ 1,288.2 $ 1,398.9 $ 1,257.8
Effect of Tax Cuts and Jobs Act [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of the Provision for income taxes for the years ended December 31 were as follows: In millions 2020 2019 2018 Current tax expense (benefit): United States $ 168.3 $ 181.8 $ 201.0 Non-U.S. 106.3 77.4 131.7 Total: 274.6 259.2 332.7 Deferred tax expense (benefit): United States 11.2 2.2 (50.2) Non-U.S. 11.0 (22.8) (47.6) Total: 22.2 (20.6) (97.8) Total tax expense (benefit): United States 179.5 184.0 150.8 Non-U.S. 117.3 54.6 84.1 Total $ 296.8 $ 238.6 $ 234.9
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences: Percent of pretax income 2020 2019 2018 Statutory U.S. rate 21.0 % 21.0 % 21.0 % Increase (decrease) in rates resulting from: Non-U.S. tax rate differential (1.1) (2.8) (2.6) Tax on U.S. subsidiaries on non-U.S. earnings (a) 0.3 (0.2) (0.6) State and local income taxes (b) 4.3 3.0 2.1 Valuation allowances (c) (1.1) (2.9) 0.7 Change in permanent reinvestment assertion (a), (d) — — (3.1) Transition tax (d) — — 2.0 Remeasurement of deferred tax balances (d) — — 0.4 Stock based compensation (1.7) (1.7) (1.0) Expiration of carryforward tax attributes 1.1 — — Reserves for uncertain tax positions (0.1) (0.5) 0.5 Provision to return and other true-up adjustments (0.2) 0.1 (0.8) Other adjustments 0.5 1.1 0.1 Effective tax rate 23.0 % 17.1 % 18.7 % (a) Net of foreign tax credits (b) Net of changes in state valuation allowances (c) Primarily federal and non-U.S., excludes state valuation allowances (d) Provisional amounts reported under SAB 118 were finalized in 2018
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	A summary of the deferred tax accounts at December 31 were as follows: In millions 2020 2019 Deferred tax assets: Inventory and accounts receivable $ 11.7 $ 13.3 Fixed assets and intangibles 9.5 9.7 Operating lease liabilities 101.0 117.6 Postemployment and other benefit liabilities 323.5 340.6 Product liability 4.8 68.9 Funding liability 71.8 — Other reserves and accruals 164.8 143.6 Net operating losses and credit carryforwards 509.0 562.6 Other 58.5 33.6 Gross deferred tax assets 1,254.6 1,289.9 Less: deferred tax valuation allowances (320.5) (309.4) Deferred tax assets net of valuation allowances $ 934.1 $ 980.5 Deferred tax liabilities: Inventory and accounts receivable $ (22.3) $ (25.3) Fixed assets and intangibles (1,186.0) (1,184.7) Operating lease right-of-use assets (99.5) (117.6) Postemployment and other benefit liabilities (14.1) (10.9) Other reserves and accruals (7.2) (12.4) Product liability (0.2) (0.7) Undistributed earnings of foreign subsidiaries (22.4) (22.1) Other (3.2) (18.7) Gross deferred tax liabilities (1,354.9) (1,392.4) Net deferred tax assets (liabilities) $ (420.8) $ (411.9)
Summary of Tax Credit Carryforwards [Table Text Block]	At December 31, 2020, the Company had the following operating loss, capital loss and tax credit carryforwards available to offset taxable income in prior and future years: In millions Amount Expiration U.S. Federal net operating loss carryforwards $ 611.8 2021-2036 U.S. Federal credit carryforwards 138.6 2022-2030 U.S. State net operating loss carryforwards 2,898.4 2021-Unlimited U.S. State credit carryforwards 31.7 2021-Unlimited Non-U.S. net operating loss carryforwards 490.8 2021-Unlimited Non-U.S. credit carryforwards 9.3 Unlimited
Summary of Valuation Allowance	Activity associated with the Company’s valuation allowance is as follows: In millions 2020 2019 2018 Beginning balance $ 309.4 $ 310.3 $ 320.6 Increase to valuation allowance 38.9 44.0 54.6 Decrease to valuation allowance (22.8) (43.6) (52.8) Other deductions (0.1) — — Write off against valuation allowance (3.7) — (4.6) Accumulated other comprehensive income (loss) (1.2) (1.3) (7.5) Ending balance $ 320.5 $ 309.4 $ 310.3
Summary of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: In millions 2020 2019 2018 Beginning balance $ 63.7 $ 68.7 $ 108.4 Additions based on tax positions related to the current year 1.0 1.2 1.1 Additions based on tax positions related to prior years 2.1 9.3 23.0 Reductions based on tax positions related to prior years (1.5) (13.1) (47.3) Reductions related to settlements with tax authorities (0.7) (0.9) (14.2) Reductions related to lapses of statute of limitations (1.7) (0.6) (0.6) Translation (gain) loss 2.5 (0.9) (1.7) Ending balance $ 65.4 $ 63.7 $ 68.7

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
Business Combinations (Tables)	Dec. 31, 2020
Business Combinations [Abstract]
Summarized Financial Information For Discontinued Operations Text Block [Table Text Block]	The components of Discontinued operations, net of tax for the years ended December 31 were as follows: In millions 2020 2019 2018 Net revenues $ 469.8 $ 3,523.0 $ 3,324.4 Cost of goods sold (315.8) (2,366.0) (2,265.1) Selling and administrative expenses (234.4) (809.5) (654.0) Operating income (loss) (80.4) 347.5 405.3 Other income/ (expense), net (55.9) 50.0 (88.3) Pre-tax earnings (loss) from discontinued operations (136.3) 397.5 317.0 Benefit (provision) for income taxes 14.9 (129.3) 17.6 Discontinued operations, net of tax $ (121.4) $ 268.2 $ 334.6 The table above presents the financial statement line items that support amounts included in Discontinued operations, net of tax . For the year ended December 31, 2020, Selling and administrative expenses included pre-tax Ingersoll Rand Industrial separation costs of $114.2 million, which are primarily related to legal, consulting and advisory fees. In addition, for the year ended December 31, 2020 , Other income/ (expense), net included a loss of $25.8 million related to the deconsolidation of Aldrich and its wholly-owned subsidiary 200 Park. The year ended December 31, 2019 includes $94.6 million of pre-tax Ingersoll Rand Industrial separation costs within Selling and administrative expenses
Disposal groups, Ingersoll-Rand Industrial	Net revenues and earnings from operations, net of tax of Ingersoll Rand Industrial for the years ended December 31 were as follows: In millions 2020 2019 2018 Net revenues $ 469.8 $ 3,523.0 $ 3,324.4 Earnings (loss) attributable to Trane Technologies plc (85.8) 225.2 351.3 Earnings (loss) attributable to noncontrolling interests 0.9 2.4 4.8 Earnings (loss) from operations, net of tax $ (84.9) $ 227.6 $ 356.1
Disposal Groups, Assets and Liabilities Held-for-sale	The components of Ingersoll Rand Industrial's assets and liabilities recorded as held-for-sale on the Consolidated Balance Sheet at December 31, 2019 were as follows: In millions December 31, 2019 Assets Current assets (1) $ 1,130.6 Property, plant and equipment, net 454.3 Goodwill 1,657.4 Intangible assets, net 825.2 Other noncurrent assets 139.7 Assets held-for-sale $ 4,207.2 Liabilities Current liabilities $ 823.7 Noncurrent liabilities 376.7 Liabilities held-for-sale $ 1,200.4 (1) Includes $25 million cash and cash equivalents in accordance with the merger agreement.
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The components of Discontinued operations, net of tax for the years ended December 31 were as follows: In millions 2020 2019 2018 Ingersoll Rand Industrial, net of tax $ (84.9) $ 227.6 $ 356.1 Other discontinued operations, net of tax (36.5) 40.6 (21.5) Discontinued operations, net of tax $ (121.4) $ 268.2 $ 334.6 In addition, other discontinued operations, net of tax includes a loss of $25.8 million related to the deconsolidation of Aldrich and its wholly-owned subsidiary 200 Park, for the year ended December 31, 2020. Refer to Note 22, "Commitments and Contingencies," for more information regarding the deconsolidation and asbestos-related matters.

Earnings Per Share (EPS) (Table

Earnings Per Share (EPS) (Tables)	12 Months Ended
Earnings Per Share (EPS) (Tables)	Dec. 31, 2020
Earnings Per Share [Abstract]
Weighted-Average Number of Ordinary Shares Outstanding for Basic and Diluted Earnings Per Share Calculations	The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: In millions 2020 2019 2018 Weighted-average number of basic shares outstanding 240.1 241.6 247.2 Shares issuable under incentive stock plans 3.0 2.8 2.9 Weighted-average number of diluted shares outstanding 243.1 244.4 250.1 Anti-dilutive shares 0.6 — 1.5 Dividends declared per ordinary share $ 2.12 $ 2.12 $ 1.96

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
Business Segment Information (Tables)	Dec. 31, 2020
Schedule of Segment Reporting Information by Segment	A summary of operations by reportable segment for the years ended December 31 were as follows: In millions 2020 2019 2018 Net revenues Americas $ 9,685.9 $ 10,059.5 $ 9,219.4 EMEA 1,648.1 1,762.6 1,831.1 Asia Pacific 1,120.7 1,253.8 1,293.3 Total Net revenues $ 12,454.7 $ 13,075.9 $ 12,343.8 Segment Adjusted EBITDA Americas $ 1,677.7 $ 1,742.1 $ 1,565.5 EMEA 265.7 267.7 302.7 Asia Pacific 188.8 182.8 173.2 Total Segment Adjusted EBITDA $ 2,132.2 $ 2,192.6 $ 2,041.4 Reconciliation of Segment Adjusted EBITDA to earnings before income taxes Total Segment Adjusted EBITDA $ 2,132.2 $ 2,192.6 $ 2,041.4 Interest expense (248.7) (242.8) (221.0) Depreciation and amortization (294.3) (288.8) (282.3) Restructuring costs (75.7) (52.6) (43.5) Unallocated corporate expenses (225.3) (209.5) (236.8) Earnings before income taxes $ 1,288.2 $ 1,398.9 $ 1,257.8 Depreciation and Amortization Americas $ 224.0 $ 213.6 $ 208.8 EMEA 32.6 31.0 30.0 Asia Pacific 11.6 13.4 13.2 Depreciation and amortization from reportable segments $ 268.2 $ 258.0 $ 252.0 Unallocated depreciation and amortization 26.1 30.8 30.3 Total depreciation and amortization $ 294.3 $ 288.8 $ 282.3 Capital Expenditures Americas $ 98.2 $ 146.8 $ 195.3 EMEA 24.7 30.0 14.5 Asia Pacific 7.7 11.3 7.5 Capital expenditures from reportable segments $ 130.6 $ 188.1 $ 217.3 Corporate capital expenditures 15.6 17.3 67.4 Total capital expenditures $ 146.2 $ 205.4 $ 284.7
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	At December 31, a summary of long-lived assets by geographic area were as follows: In millions 2020 2019 United States $ 1,219.4 $ 1,346.3 Non-U.S. 539.1 475.1 Total $ 1,758.5 $ 1,821.4

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2020
Schedule of Product Warranty Liability [Table Text Block]	The changes in the standard product warranty liability for the year ended December 31, were as follows: In millions 2020 2019 Balance at beginning of period $ 251.4 $ 245.6 Reductions for payments (130.5) (142.8) Accruals for warranties issued during the current period 144.6 144.1 Changes to accruals related to preexisting warranties 14.9 5.1 Translation 2.3 (0.6) Balance at end of period $ 282.7 $ 251.4
Extended Warranty [Member]
Schedule of Product Warranty Liability [Table Text Block]	The changes in the extended warranty liability for the year ended December 31, were as follows: In millions 2020 2019 Balance at beginning of period $ 302.8 $ 290.6 Amortization of deferred revenue for the period (123.6) (120.9) Additions for extended warranties issued during the period 123.7 133.5 Changes to accruals related to preexisting warranties — (0.4) Translation 1.5 — Balance at end of period $ 304.4 $ 302.8

Completion of Reverse Morris _2

Completion of Reverse Morris Trust Transaction (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Trust Transaction [Line Items]
Term Loan	$ 1,900
Receipt of a special cash payment	$ 1,900	$ 0	$ 0

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019	Jan. 01, 2018
Percentage of LIFO inventory	60.00%	62.00%
Allowance for doubtful accounts receivable, current	$ 40,000,000	$ 32,200,000
Research and development expense	165,000,000	174,200,000	$ 166,700,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ 1,766,200,000	$ 1,523,700,000	$ 997,300,000
Accounting Standards Update 2016-02 [Member]
Change in Accounting Principle or Standard				$ (521,000,000)
Accounting Standards Update 2014-09 [Member]
Change in Accounting Principle or Standard					$ (2,400,000)
Accounting Standards Update 2016-16 [Member]
Change in Accounting Principle or Standard					$ 9,100,000
Maximum [Member]
Equity Method Investment, Ownership Percentage	50.00%
Minimum [Member]
Equity Method Investment, Ownership Percentage	20.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Depreciation) (Details)	12 Months Ended
	Dec. 31, 2020
Minimum [Member] \| Buildings [Member]
Property, plant and equipment, useful life	10 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, plant and equipment, useful life	2 years
Minimum [Member] \| Software [Member]
Property, plant and equipment, useful life	2 years
Maximum [Member] \| Buildings [Member]
Property, plant and equipment, useful life	50 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, plant and equipment, useful life	12 years
Maximum [Member] \| Software [Member]
Property, plant and equipment, useful life	7 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Weighted-Average) (Details)	12 Months Ended
	Dec. 31, 2020
Customer Relationships [Member]
Weighted-average useful life	17 years
Other Intangible Assets [Member]
Weighted-average useful life	10 years

Inventories (Schedule of Major

Inventories (Schedule of Major Classes of Inventory) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Raw materials	$ 305	$ 333.5
Work-in-process	163.9	173.7
Finished goods	761.4	804.9
Sub-total	1,230.3	1,312.1
LIFO reserve	(41.1)	(33.5)
Total	$ 1,189.2	$ 1,278.6

Inventories Inventories (Narrat

Inventories Inventories (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Inventories [Abstract]
Inventory Valuation Reserves	$ 85.6	$ 66.1

Property, Plant and Equipment_2

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 172.8	$ 167.2	$ 160.7
Software amortization	$ 50.2	$ 55.4	$ 51.6

Property, Plant and Equipment_3

Property, Plant and Equipment (Schedule of Major Classes of Property, Plant and Equipment) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,104.7	$ 2,955.5
Accumulated depreciation	(1,755.2)	(1,603.5)
Total	1,349.5	1,352
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40.7	40.1
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	676.7	660
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,749.3	1,600.2
Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 638	$ 655.2

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill	$ 5,342.8	$ 5,125.7	$ 5,099.2
Goodwill, Acquired During Period	130.1	45.3	118
Goodwill, Other Increase (Decrease)	(9.2)
Currency translation	96.2	(18.8)
Goodwill, Impaired, Accumulated Impairment Loss	2,496	2,496	2,496
Americas [Member]
Goodwill	3,980	3,858.8	3,809.4
Goodwill, Acquired During Period	130.1	45.3
Goodwill, Other Increase (Decrease)	(9.2)
Currency translation	0.3	4.1
EMEA [Member]
Goodwill	793.5	731.1	747.3
Goodwill, Acquired During Period	0	0
Goodwill, Other Increase (Decrease)	0
Currency translation	62.4	(16.2)
Asia Pacific [Member]
Goodwill	569.3	535.8	$ 542.5
Goodwill, Acquired During Period	0	0
Goodwill, Other Increase (Decrease)	0
Currency translation	$ 33.5	$ (6.7)

Intangible Assets Intangible As

Intangible Assets Intangible Assets Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Intangible Assets Abstract
Amortization of intangible assets	$ 115.7	$ 116.7	$ 116.8
Future estimated amortization expense, 2015	122
Future estimated amortization expense, 2016	122
Future estimated amortization expense, 2017	121
Future estimated amortization expense, 2018	120
Future estimated amortization expense, 2019	$ 89

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Finite-lived intangible assets, gross	$ 2,220.9	$ 2,140.7
Accumulated amortization	(1,561.8)	(1,442.6)
Total net finite-lived intangible assets	659.1	698.1
Intangible Assets, Gross (Excluding Goodwill)	4,848.2	4,766.2
Intangible Assets, Net (Excluding Goodwill)	3,286.4	3,323.6
Trademarks [Member]
Trademarks, indefinite lived	2,627.3	2,625.5
Customer Relationships [Member]
Finite-lived intangible assets, gross	2,010.2	1,928.5
Accumulated amortization	(1,362.4)	(1,239.2)
Total net finite-lived intangible assets	647.8	689.3
Other Intangible Assets [Member]
Finite-lived intangible assets, gross	210.7	212.2
Accumulated amortization	(199.4)	(203.4)
Total net finite-lived intangible assets	$ 11.3	$ 8.8

Debt and Credit Facilities (Nar

Debt and Credit Facilities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Long-term Debt		$ 0	$ 1,497.9	$ 1,147
Long-term Debt, Excluding Current Maturities		$ 4,496.5	$ 4,922.9
Weighted average interest rate on short term borrowings and current maturities of long term debt		5.40%	4.60%
Short-term borrowings and current maturities of long-term debt		$ 775.6	$ 650.3
Repayments of Long-term Debt		307.5	7.5	$ 1,123
Debt Instrument, Fair Value Disclosure		6,300	6,200
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		1,000
Other available Non-US lines of credit, remaining borrowing capacity		2,000	2,000
Commercial Paper [Member]
Line of Credit Facility, Maximum Borrowing Capacity		2,000
Three Point Five Percent Senior notes Due Two Thousand Twenty Six [Member]
Long-term Debt, Excluding Current Maturities		$ 397.3	$ 396.8
Debt instrument, interest rate		3.50%	3.50%
Debt instrument, face amount	$ 400
3.55% Senior Notes due 2024 [Member]
Long-term Debt, Excluding Current Maturities		$ 497.3	$ 496.6
Debt instrument, interest rate		3.55%	3.55%
4.650% Percent Senior Notes due Twenty Forty Four [Member]
Long-term Debt, Excluding Current Maturities		$ 296.1	$ 295.9
Debt instrument, interest rate		4.65%	4.65%
Two Point Nine Percent Senior Notes Due Two Thousand Twenty One [Member] [Member]
Long-term Debt, Excluding Current Maturities		$ 0	$ 299.1
Debt instrument, interest rate			2.90%
Three Point Seven Five Percent Senior Notes Due Two Thousand Twenty Eight [Member]
Long-term Debt, Excluding Current Maturities		$ 545.6	$ 545.1
Debt instrument, interest rate		3.75%	3.75%
9.00% Debentures Due 2021 [Member]
Long-term Debt, Excluding Current Maturities		$ 0	$ 124.9
Debt instrument, interest rate			9.00%
4.250% Senior Notes Due 2013 [Member]
Long-term Debt, Excluding Current Maturities		$ 698.4	$ 697.8
Debt instrument, interest rate		4.25%	4.25%
7.20% Debentures Due 2014-2025 [Member]
Long-term Debt, Excluding Current Maturities		$ 29.9	$ 37.3
Debt instrument, interest rate		7.20%	7.20%
6.48% Debentures Due 2025 [Member]
Long-term Debt, Excluding Current Maturities		$ 149.7	$ 149.7
Debt instrument, interest rate		6.48%	6.48%
Three Point Eight Percent Senior Notes Due Two Thousand Twenty Nine [Member]
Long-term Debt, Excluding Current Maturities		$ 744.4	$ 743.6
Debt instrument, interest rate		3.80%	3.80%
Debt instrument, face amount	750
5.750% Senior Notes Due 2043 [Member]
Long-term Debt, Excluding Current Maturities		$ 494.7	$ 494.5
Debt instrument, interest rate		5.75%	5.75%
Other Loans And Notes [Member]
Long-term Debt, Excluding Current Maturities		$ 1.2	$ 0.1
Four Point Three Percent Senior Notes Due Two Thousand Forty Eight [Member]
Long-term Debt, Excluding Current Maturities		$ 296.2	$ 296
Debt instrument, interest rate		4.30%	4.30%
Four Point Five Percent Senior Notes Due Two Thousand Forty Nine [Member]
Long-term Debt, Excluding Current Maturities		$ 345.7	$ 345.5
Debt instrument, interest rate		4.50%	4.50%
Debt instrument, face amount	350
Senior Notes [Member]
Long-term Debt	$ 1,500
Debentures With Put Feature [Member]
Short-term borrowings and current maturities of long-term debt		$ 343	$ 343

Debt and Credit Facilities (Sho

Debt and Credit Facilities (Short-Term Borrowings and Current Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	$ 775.6	$ 650.3
Debentures With Put Feature [Member]
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	343	343
Other Current Maturities of Long Term Debt [Member]
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	$ 7.7	$ 7.5
Two Point Six Two Five Percent Senior Notes Due Two Thousand Twenty [Member]
Short-term Debt [Line Items]
Debt instrument, interest rate	2.625%	2.625%
Short-term borrowings and current maturities of long-term debt	$ 0	$ 299.8
Two Point Nine Percent Senior Notes Due Two Thousand Twenty One [Member] [Member]
Short-term Debt [Line Items]
Debt instrument, interest rate	2.90%
Short-term borrowings and current maturities of long-term debt	$ 299.9	0
9.00% Debentures Due 2021 [Member]
Short-term Debt [Line Items]
Debt instrument, interest rate	9.00%
Short-term borrowings and current maturities of long-term debt	$ 125	$ 0

Debt and Credit Facilities (Lon

Debt and Credit Facilities (Long-Term Debt Excluding Current Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Long-term Debt, Excluding Current Maturities	$ 4,496.5	$ 4,922.9
Two Point Nine Percent Senior Notes Due Two Thousand Twenty One [Member] [Member]
Debt instrument, interest rate		2.90%
Long-term Debt, Excluding Current Maturities	0	$ 299.1
9.00% Debentures Due 2021 [Member]
Debt instrument, interest rate		9.00%
Long-term Debt, Excluding Current Maturities	$ 0	$ 124.9
4.250% Senior Notes Due 2013 [Member]
Debt instrument, interest rate	4.25%	4.25%
Long-term Debt, Excluding Current Maturities	$ 698.4	$ 697.8
7.20% Debentures Due 2014-2025 [Member]
Debt instrument, interest rate	7.20%	7.20%
Long-term Debt, Excluding Current Maturities	$ 29.9	$ 37.3
3.55% Senior Notes due 2024 [Member]
Debt instrument, interest rate	3.55%	3.55%
Long-term Debt, Excluding Current Maturities	$ 497.3	$ 496.6
6.48% Debentures Due 2025 [Member]
Debt instrument, interest rate	6.48%	6.48%
Long-term Debt, Excluding Current Maturities	$ 149.7	$ 149.7
Three Point Five Percent Senior notes Due Two Thousand Twenty Six [Member]
Debt instrument, interest rate	3.50%	3.50%
Long-term Debt, Excluding Current Maturities	$ 397.3	$ 396.8
Three Point Seven Five Percent Senior Notes Due Two Thousand Twenty Eight [Member]
Debt instrument, interest rate	3.75%	3.75%
Long-term Debt, Excluding Current Maturities	$ 545.6	$ 545.1
Three Point Eight Percent Senior Notes Due Two Thousand Twenty Nine [Member]
Debt instrument, interest rate	3.80%	3.80%
Long-term Debt, Excluding Current Maturities	$ 744.4	$ 743.6
5.750% Senior Notes Due 2043 [Member]
Debt instrument, interest rate	5.75%	5.75%
Long-term Debt, Excluding Current Maturities	$ 494.7	$ 494.5
4.650% Percent Senior Notes due Twenty Forty Four [Member]
Debt instrument, interest rate	4.65%	4.65%
Long-term Debt, Excluding Current Maturities	$ 296.1	$ 295.9
Four Point Three Percent Senior Notes Due Two Thousand Forty Eight [Member]
Debt instrument, interest rate	4.30%	4.30%
Long-term Debt, Excluding Current Maturities	$ 296.2	$ 296
Four Point Five Percent Senior Notes Due Two Thousand Forty Nine [Member]
Debt instrument, interest rate	4.50%	4.50%
Long-term Debt, Excluding Current Maturities	$ 345.7	$ 345.5
Other Loans And Notes [Member]
Long-term Debt, Excluding Current Maturities	$ 1.2	$ 0.1

Debt and Credit Facilities (L_2

Debt and Credit Facilities (Long-Term Debt Maturities and Repayment of Principle) (Details) $ in Millions	Dec. 31, 2020USD ($)
2014	$ 775.6
2015	7.9
2016	706.3
2017	505.1
2018	157.2
Thereafter	3,120
Total	$ 5,272.1

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cost of Goods and Services Sold	$ 8,651.3	$ 9,085.5	$ 8,582.5
Interest Expense	248.7	242.8	221
Accumulated other comprehensive income (loss), derivatives qualifying as hedges, net of tax	$ (631.5)	(1,006.6)	(964.1)
Approximate maximum term of currency derivatives, in months	12 months
Repayments of Long-term Debt	$ 307.5	7.5	1,123
Amount expected to be reclassified into interest expense over the next twelve months	0.7
Interest rate contracts outstanding	0	0
Foreign Exchange Contract [Member]
Derivative, Notional Amount	500	500
Currency derivatives expected to be reclassified into earnings over the next twelve months	0.6
Interest Rate Swap [Member]
Derivative, Notional Amount	1,300
Deferred losses remaining in AOCI related to the interest rate locks	5.3	6
Designated as Hedging Instrument [Member]
Deferred losses remaining in AOCI related to the interest rate locks	0	0	0
Designated as Hedging Instrument [Member] \| Foreign Exchange Contract [Member]
Accumulated other comprehensive income (loss), derivatives qualifying as hedges, net of tax	0.7	2.9
Interest Expense [Member] \| Designated as Hedging Instrument [Member]
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	0.7	0.7	(0.1)
Cost of Sales \| Designated as Hedging Instrument [Member]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	(2.6)	(1.5)	(1)
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	$ (2.1)	$ (3)	$ (0.1)

Financial Instruments Schedule

Financial Instruments Schedule of Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Derivative instruments, gross asset	$ 2.2	$ 1.1
Derivative instruments, gross liability	6.5	7.2
Fair Value, Inputs, Level 2 [Member]
Derivative instruments, gross asset	2.2	1.1
Derivative instruments, gross liability	6.5	7.2
Foreign Exchange Contract [Member] \| Designated as Hedging Instrument [Member]
Derivative instruments, gross asset	0.7	0.1
Derivative instruments, gross liability	1.7	3.9
Foreign Exchange Contract [Member] \| Undesignated Hedges [Member]
Derivative instruments, gross asset	1.5	1
Derivative instruments, gross liability	$ 4.8	$ 3.3

Financial Instruments Schedul_2

Financial Instruments Schedule of Derivatives Designated as Hedges Affecting Income Statement and Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative instruments, gain (loss) recognized in Other comprehensive income (loss), effective portion, net	$ 3.3	$ (2.7)	$ 1.2
Designated as Hedging Instrument [Member]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax		(2.5)	0.7
Derivative instruments, gain (loss) reclassified from Accumulated OCI into Income, effective portion, net	(1.9)	(0.7)	(0.9)
Unrealized Gain (Loss) on Cash Flow Hedging Instruments	3.3	(2.7)	1.2
Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss)	0	0	0
Designated as Hedging Instrument [Member] \| Segment, Discontinued Operations [Member]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	0	(0.2)	0.5
Designated as Hedging Instrument [Member] \| Segment, Continuing Operations [Member]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	3.3
Designated as Hedging Instrument [Member] \| Segment, Discontinued Operations [Member]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	0	0.1	0.2
Designated as Hedging Instrument [Member] \| Interest Expense [Member]
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	0.7	0.7	(0.1)
Designated as Hedging Instrument [Member] \| Cost of Sales
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ (2.6)	$ (1.5)	$ (1)

Financial Instruments Schedul_3

Financial Instruments Schedule of Gains and Losses of Derivative Financial Instruments Not Designated as Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Undesignated Hedges [Member] \| Other Income [Member]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 7.5	$ (5.2)	$ (30)
Derivative, Gain (Loss) on Derivative, Net	7.1	(6.4)	(29.6)
Undesignated Hedges [Member] \| Segment, Discontinued Operations [Member]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	(0.4)	(1.2)	0.4
Designated as Hedging Instrument [Member] \| Segment, Discontinued Operations [Member]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 0	$ 0.1	$ 0.2

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Derivative instruments	$ 2.2	$ 1.1
Derivative instruments	6.5	7.2
Fair Value, Inputs, Level 1 [Member]
Derivative instruments	0	0
Derivative instruments	0	0
Fair Value, Inputs, Level 2 [Member]
Derivative instruments	2.2	1.1
Derivative instruments	6.5	7.2
Fair Value, Inputs, Level 3 [Member]
Derivative instruments	0	0
Derivative instruments	$ 0	$ 0

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	4 years	4 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.30%	3.60%
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 152
Lessee, Operating Lease, Liability, Payments, Due Year Two	114.1
Operating Lease, Cost	173	$ 163.5
Prepaid Lease Payment and Lease Incentive	6.3	5.5
Variable Lease, Cost	24.9	19.9
Operating Lease, Payments	172.2	161.5
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	114.6	162.9
Lessee, Operating Lease, Liability, Payments, Due Year Three	78.2
Lessee, Operating Lease, Liability, Payments, Due Year Four	46.8
Lessee, Operating Lease, Liability, Payments, Due Year Five	22.8
Lessee, Operating Lease, Liability, Payments, Due after Year Five	34.5
Lessee, Operating Lease, Liability, Payments, Due	448.4
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(33.1)
Other Current Liabilities [Member]
Leases [Abstract]
Operating Lease, Liability, Current	138.8	145
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Current	138.8	145
Other Noncurrent Liabilities [Member]
Leases [Abstract]
Operating Lease, Liability, Noncurrent	276.5	329.9
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Noncurrent	276.5	329.9
Other Noncurrent Assets [Member]
Leases [Abstract]
Operating Lease, Right-of-Use Asset	409	469.4
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	409	$ 469.4
Liability [Member]
Leases [Abstract]
Operating Lease, Liability	415.3
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	$ 415.3

Pensions and Postretirement B_3

Pensions and Postretirement Benefits Other Than Pensions (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined benefit plan, fair value of pension plan assets	$ 3,114.6	$ 3,136.8
Percent of our projected benefit obligation relates to plans that cannot be funded	7.00%
Accumulated benefit obligation for all defined benefit pension plans	$ 3,566.4	3,734.5
Projected benefit obligation	3,128.7	3,405.7
Accumulated benefit obligation	3,043.9	3,308.2
Fair value of plan assets	2,510.9	2,645.1
Net of Medicare Part D subsidy	0.7	0.8
Net periodic benefit cost after net curtailment and settlement (gains) losses	(14.7)	(34.9)	$ (21.1)
Postretirement Benefit Costs [Member]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	(0.3)	(3.8)
Postretirement benefit cost	6
Net periodic benefit cost after net curtailment and settlement (gains) losses	6.5	6.2	12.4
Defined Benefit Plan, Benefit Obligation, Divestiture	(28.7)
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	2
Postretirement Benefit Costs [Member] \| Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	5.5
Pension Plans [Member]
Defined benefit plan, fair value of pension plan assets	$ 3,114.6	$ 3,136.8	2,766.9
Discount rate	2.52%	3.22%
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	$ 5.3	$ 5	4.2
Projected pension expenses for 2013	51
Projected company contributions in 2013	56
Plan net actuarial gains (losses)	(317.7)	(422.8)
Net periodic benefit cost after net curtailment and settlement (gains) losses	68.2	118	95.9
Defined Contribution Plan, Employer Discretionary Contribution Amount	111	140.2	131.9
Company contributions	$ 99.7	$ 83.1	$ 86.9
Postretirement [Member]
Discount rate	2.25%	2.99%	4.05%
Plan net actuarial gains (losses)	$ (9.3)	$ (6.7)
Pension Costs [Member]
Defined Benefit Plan, Plan Assets, Divestiture	(351.7)	0
Defined Benefit Plan, Benefit Obligation, Divestiture	(486.2)	0
Pension Costs [Member] \| Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	111.3
Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	3.1	7
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Reverse Morris Trust Transaction [Member]
Company contributions	24.4
Non-U.S. plans [Member] \| Defined Contribution and Other Benefit Plans [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 19.2	$ 56.7	$ 52

Pensions and Postretirement B_4

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Pension Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Change in plan assets:
Fair value at beginning of year	$ 3,136.8
Fair value at end of year	3,114.6	$ 3,136.8
Amounts included in the balance sheet:
Other noncurrent assets	1,272.4	1,397.2
Disposal Group, Including Discontinued Operation, Assets	0	4,207.2
Disposal Group, Including Discontinued Operation, Liabilities	0	1,200.4
Pension Plans [Member]
Change in benefit obligations:
Benefit obligation at beginning of year	3,851.2	3,465.3
Service cost	58.3	73.6	$ 75
Interest cost	83.8	119.1	109.7
Employee contributions	1	1.1
Amendments	1.9	5.7
Actuarial (gains) losses	317.7	422.8
Benefits paid	189.2	225.3
Currency translation	43.8	9
Curtailments and settlements	(7.8)	(3.1)
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change	11.7	17
Other, including expenses paid	(9.3)	(21.8)
Benefit obligation at end of year	3,662.8	3,851.2	3,465.3
Change in plan assets:
Fair value at beginning of year	3,136.8	2,766.9
Actual return on assets	395.6	526.1
Company contributions	99.7	83.1	86.9
Employee contributions	1	1.1
Benefits paid	(189.2)	(225.3)
Currency translation	39.5	12
Settlements	(7.8)	(5.3)
Other, including expenses paid	(9.3)	(21.8)
Fair value at end of year	3,114.6	3,136.8	$ 2,766.9
Funded status:
Plan assets less than the benefit obligations	(548.2)	(714.4)
Amounts included in the balance sheet:
Other noncurrent assets	72.8	50
Disposal Group, Including Discontinued Operation, Assets	0	0.3
Accrued compensation and benefits	(22.9)	(7.2)
Postemployment and other benefit liabilities	(598.1)	(617.3)
Disposal Group, Including Discontinued Operation, Liabilities	0	140.2
Net amount recognized	(548.2)	(714.4)
Pension Costs [Member]
Amounts included in the balance sheet:
Defined Benefit Plan, Benefit Obligation, Divestiture	(486.2)	0
Impact of spin-off	$ (351.7)	$ 0

Pensions and Postretirement B_5

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Pretax Amounts Recognized in Accumulated Other Comprehensive Income or (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Amortization reclassified to earnings	$ (43.4)	$ (48.1)	$ (50.7)
Stockholders' Equity Note, Spinoff Transaction	(1,359.9)
Pension Plans [Member]
Balance at December 31, 2013	(832.6)
Current year changes recorded to Accumulated other comprehensive income (loss)	(45.1)
Amortization reclassified to earnings	49
Settlements/curtailments reclassified to earnings	(1.8)	(4.5)	$ (2.3)
Stockholders' Equity Note, Spinoff Transaction	111.3
Currency translation and other	(10.4)
Balance at December 31, 2014	(729.6)	(832.6)
Pension Plans [Member] \| Net Actuarial Losses [Member]
Balance at December 31, 2013	(800.2)
Current year changes recorded to Accumulated other comprehensive income (loss)	(43.2)
Amortization reclassified to earnings	43.7
Settlements/curtailments reclassified to earnings	(1.8)
Stockholders' Equity Note, Spinoff Transaction	110
Currency translation and other	(9.8)
Balance at December 31, 2014	(701.3)	(800.2)
Pension Plans [Member] \| Prior Service Cost [Member]
Balance at December 31, 2013	(32.4)
Current year changes recorded to Accumulated other comprehensive income (loss)	(1.9)
Amortization reclassified to earnings	5.3
Settlements/curtailments reclassified to earnings	0
Stockholders' Equity Note, Spinoff Transaction	1.3
Currency translation and other	(0.6)
Balance at December 31, 2014	$ (28.3)	$ (32.4)

Pensions and Postretirement B_6

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Weighted Average Assumptions) (Details)	Dec. 31, 2020	Dec. 31, 2019
Pension Plans [Member]
Discount rate	2.52%	3.22%
Rate of compensation increase	4.00%	4.00%
Non-U.S. [Member]
Discount rate	1.27%	1.66%
Rate of compensation increase	3.75%	3.75%

Pensions and Postretirement B_7

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Pension Benefit Payments) (Details) - Pension Plans [Member] $ in Millions	Dec. 31, 2020USD ($)
2015	$ 210.7
2016	204.5
2017	207.1
2018	200.7
2019	246.6
2020-2024	$ 960.9

Pensions and Postretirement B_8

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ (14.7)	$ (34.9)	$ (21.1)
Pension Plans [Member]
Service cost	58.3	73.6	75
Interest cost	83.8	119.1	109.7
Expected return on plan assets	(121.1)	(138.5)	(146.6)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	5.3	5	4.2
Plan net actuarial losses, net amortization of	43.7	54.3	51.3
Net periodic benefit cost	70	113.5	93.6
Net curtailment and settlement (gains) losses	(1.8)	(4.5)	(2.3)
Net periodic benefit cost after net curtailment and settlement (gains) losses	68.2	118	95.9
Segment, Discontinued Operations [Member] \| Pension Plans [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	4.8	27.4	20.7
Other Nonoperating Income (Expense) [Member] \| Segment, Continuing Operations [Member] \| Pension Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	11.7	31.8	14.2
Operating Income (Loss) [Member] \| Segment, Continuing Operations [Member] \| Pension Plans [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ 51.7	$ 58.8	$ 61

Pensions and Postretirement B_9

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Weighted Average Assumptions Net Periodic Pension Cost) (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension Plans [Member]
Discount rate	3.36%	4.24%	3.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	2.78%	3.88%	3.24%
Rate of compensation increase	4.00%	4.00%	4.00%
Percentage of expected return on plan assets	4.75%	5.75%	5.50%
Non-U.S. [Member]
Discount rate	1.87%	2.81%	2.52%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	1.51%	2.83%	2.46%
Rate of compensation increase	3.75%	4.00%	4.00%
Percentage of expected return on plan assets	2.75%	3.25%	3.25%

Pensions and Postretirement _10

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Fair Values of Company's Pension Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Defined benefit plan, fair value of pension plan assets	$ 3,114.6	$ 3,136.8
Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	3.1	7
Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	2,011.8	2,019.1
Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	143.4	143.9
Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	958.7	957.6
Registered mutual funds, fixed income specialty [Member]
Defined benefit plan, fair value of pension plan assets	118.3	103.3
Registered mutual funds, fixed income specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, fixed income specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, fixed income specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
U.S. Government and Agency Obligations [Member]
Defined benefit plan, fair value of pension plan assets	504.7	528.5
U.S. Government and Agency Obligations [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
U.S. Government and Agency Obligations [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	504.7	528.5
U.S. Government and Agency Obligations [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Corporate and Non-U.S. Bonds [Member]
Defined benefit plan, fair value of pension plan assets	1,424.2	1,393.4
Corporate and Non-U.S. Bonds [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Corporate and Non-U.S. Bonds [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	1,424.2	1,393
Corporate and Non-U.S. Bonds [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0.4
Asset-Backed And Mortgage-Backed Securities [Member]
Defined benefit plan, fair value of pension plan assets	48.4	70.9
Asset-Backed And Mortgage-Backed Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Asset-Backed And Mortgage-Backed Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	48.4	70.9
Asset-Backed And Mortgage-Backed Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled Funds - Fixed Income Specialty [Member]
Defined benefit plan, fair value of pension plan assets	153.3	127.6
Commingled Funds - Fixed Income Specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled Funds - Fixed Income Specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled Funds - Fixed Income Specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Fixed Income [Member]
Defined benefit plan, fair value of pension plan assets	28.3	26
Other Fixed Income [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Fixed Income [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Fixed Income [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	28.3	26
Derivative [Member]
Defined benefit plan, fair value of pension plan assets	0.3	0.4
Derivative [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Derivative [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0.3	0.4
Derivative [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Derivative [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Real Estate Funds [Member]
Defined benefit plan, fair value of pension plan assets	2.8	3.4
Real Estate Funds [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Real Estate Funds [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Real Estate Funds [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	2.8	3.4
Real Estate Funds [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Defined Benefit [Member]
Defined benefit plan, fair value of pension plan assets	112.3	114.1
Other Defined Benefit [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Defined Benefit [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Defined Benefit [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	112.3	114.1
Other Defined Benefit [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Cash and Cash Equivalents [Member]
Defined benefit plan, fair value of pension plan assets	37.3	33.3
Cash and Cash Equivalents [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	3.1	7
Cash and Cash Equivalents [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	34.2	26.3
Cash and Cash Equivalents [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member]
Defined benefit plan, fair value of pension plan assets	65.1	61.5
Registered mutual funds, equity specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled funds, equity specialty [Member]
Defined benefit plan, fair value of pension plan assets	622	665.2
Commingled funds, equity specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled funds, equity specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled funds, equity specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Receivables and Payables
Defined benefit plan, fair value of pension plan assets	(2.4)	9.2
Cash and Cash Equivalents [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	65.1	61.5
Equity Securities [Member]
Defined benefit plan, fair value of pension plan assets	687.1	726.7
Equity Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Equity Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Equity Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Equity Securities [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	687.1	726.7
Commingled funds, equity specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	622	665.2
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	1,977.3	1,992.4
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	28.3	26.4
Fixed Income Investments [Member] \| Registered mutual funds, fixed income specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	118.3	103.3
Fixed Income Investments [Member] \| U.S. Government and Agency Obligations [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Corporate and Non-U.S. Bonds [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Asset-Backed And Mortgage-Backed Securities [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Commingled Funds - Fixed Income Specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	153.3	127.6
Fixed Income Investments [Member] \| Other Fixed Income [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Total Plan Assets Excluding Nav Assets Member
Defined benefit plan, fair value of pension plan assets	2,277.2	2,249.7
Fixed Income Investments [Member] \| Total Plan Assets Excluding Nav Assets Member \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	271.6	230.9
Defined Benefit Plan Fair Value of Plan Assets Measured Using Net Asset Value [Member]
Defined benefit plan, fair value of pension plan assets	$ 3,117	$ 3,127.6

Pensions and Postretirement _11

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Postretirement Plans Benefit Obligations) (Details) - Postretirement [Member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Benefit obligation at beginning of year		$ 428.8	$ 442.7
Service cost		2.4	2.6
Interest cost		9.7	14.8
Plan participants' contributions		8.2	7.7
Actuarial (gains) losses		9.3	6.7
Benefits paid, net of Medicare Part D subsidy	[1]	(39.9)	(45.6)
Defined Benefit Plan, Benefit Obligation, Impact of spin		28.7	0
Other, including expenses paid		(0.7)	(0.1)
Benefit obligation at end of year		$ 389.1	$ 428.8

[1]	Net actuarial losses primarily resulted from losses driven by changes in discount rates offset by gains driven by changes in per capita cost assumptions. (2) Amounts are net of Medicare Part D subsidy of $0.7 million and $0.8 million in 2020 and 2019, respectively.

Pensions and Postretirement _12

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Postretirement Plans Funded Status) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Amounts included in the balance sheet:
Disposal Group, Including Discontinued Operation, Liabilities	$ 0	$ 1,200.4
Postretirement [Member]
Amounts included in the balance sheet:
Accrued compensation and benefits	(37.1)	(38.3)
Postemployment and other benefit liabilities	(352)	(361.3)
Disposal Group, Including Discontinued Operation, Liabilities	0	29.2
Net amount recognized	$ (389.1)	$ (428.8)

Pensions and Postretirement _13

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss) Other Than Pension) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension and OPEB adjustments amortization reclassified to earnings	$ (43.4)	$ (48.1)	$ (50.7)
Stockholders' Equity Note, Spinoff Transaction	(1,359.9)
Net Actuarial Losses [Member] \| Other Postretirement Benefits Plan [Member]
Balance at December 31, 2013	72.8
Current year changes recorded to Accumulated other comprehensive income (loss)	(9.3)
Pension and OPEB adjustments amortization reclassified to earnings	(5.6)
Stockholders' Equity Note, Spinoff Transaction	(5.5)
Balance at December 31, 2014	$ 52.4	$ 72.8

Pensions and Postretirement _14

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Net Periodic Postretirement Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ (14.7)	$ (34.9)	$ (21.1)
Postretirement Benefit Costs [Member]
Service cost	2.4	2.6	2.8
Interest cost	9.7	14.8	14.4
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	(0.3)	(3.8)
Net periodic benefit cost	6.5	6.2	12.4
Net periodic benefit cost after net curtailment and settlement (gains) losses	6.5	6.2	12.4
Plan net actuarial losses, net amortization of	(5.6)	(10.9)	(1)
Segment, Continuing Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses
Segment, Discontinued Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	1.1	0.6	2.7
Operating Income (Loss) [Member] \| Segment, Continuing Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	2.4	2.5	2.8
Other Nonoperating Income (Expense) [Member] \| Segment, Continuing Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ 3	$ 3.1	$ 6.9

Pensions and Postretirement _15

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Weighted Average Discount Rate Assumptions) (Details) - Postretirement [Member]	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Benefit obligations at December 31	2.25%	2.99%	4.05%
Net periodic benefit cost	3.18%	4.13%	3.47%
Defined Benefit Plan, Current Year medical inflation rate	6.50%	6.75%	6.45%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	4.75%	4.75%	5.00%
Year that the rate reaches the ultimate trend rate	2028	2028	2023
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	2.73%	3.67%	2.94%

Pensions and Postretirement _16

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Benefit Payments for Postretirement Benefits) (Details) - Postretirement [Member] $ in Millions	Dec. 31, 2020USD ($)
2015	$ 37.1
2016	35.8
2017	33.7
2018	31.7
2019	29.9
2020-2024	$ 121.7

Revenue (Details)

Revenue (Details) - USD ($)	12 Months Ended
Revenue (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability, Noncurrent	$ 0.40
Net revenues	12,454,700,000	$ 13,075,900,000	$ 12,343,800,000
Contract with Customer, Liability	1,077,000,000	941,900,000
Contract with Customer, Asset, after Allowance for Credit Loss	255,400,000	172,600,000
Contract with Customer, Liability, Revenue Recognized	0.55
Net revenues	12,454,700,000	13,075,900,000	12,343,800,000
Transferred at Point in Time [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Net revenues	0.81	0.82	0.82
Net revenues	$ 0.81	$ 0.82	$ 0.82

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($)	12 Months Ended
Revenue Disaggregation of Revenue (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 12,454,700,000	$ 13,075,900,000	$ 12,343,800,000
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0.81	0.82	0.82
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,648,100,000	1,762,600,000	1,831,100,000
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,120,700,000	1,253,800,000	1,293,300,000
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,685,900,000	10,059,500,000	9,219,400,000
Equipment Sales [Member] \| EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,119,900,000	1,208,000,000	1,271,700,000
Equipment Sales [Member] \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	773,600,000	879,700,000	917,300,000
Equipment Sales [Member] \| Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	6,479,000,000	6,880,400,000	6,236,600,000
Services And Parts [Member] \| EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	528,200,000	554,600,000	559,400,000
Services And Parts [Member] \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	347,100,000	374,100,000	376,000,000
Services And Parts [Member] \| Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,206,900,000	$ 3,179,100,000	$ 2,982,800,000

Revenue Contract liability bala

Revenue Contract liability balances to be recognized (Details)	12 Months Ended
	Dec. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 0.55

Equity (Narrative) (Details)

Equity (Narrative) (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 09, 2021USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)	Feb. 01, 2021USD ($)	Dec. 31, 2020€ / shares	Oct. 31, 2018USD ($)
Stock Repurchase Program, Authorized Amount								$ 1,500
Authorized share capital \| shares			1,185,040,000
Ordinary shares, par value, in dollars or euros per share, as stated \| $ / shares			$ 1	$ 1
Preference shares, par value, in dollars per share \| $ / shares			$ 0.001
Stock Repurchased During Period, Value		$ 0	$ 250	$ 750
Stock Repurchase Program, Remaining Authorized Repurchase Amount			500	750
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		(964.1)	(631.5)	(1,006.6)	$ (964.1)
Other comprehensive income (loss), net of tax			242.8	$ (41.6)	(188.3)
Stockholders' Equity Note, Spinoff Transaction			$ (1,359.9)
Subsequent Event [Member]
Stock Repurchase Program, Authorized Amount						$ 2,000
Stock Repurchased During Period, Value	$ 100
Ordinary shares [Member]
Number of ordinary shares \| shares			1,175,000,000
Preferred Stock [Member]
Number of preference shares \| shares			10,000,000
Preferred Stock, Shares Outstanding \| shares			0	0
Preferred Stock, Shares Outstanding \| shares			0	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		6.7	$ 10.8	$ 5.6	6.7
Other comprehensive income (loss), net of tax			5.2	(1.1)
Stockholders' Equity Note, Spinoff Transaction			0
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		(454)	(416.5)	(457.4)	(454)
Other comprehensive income (loss), net of tax			(23.9)	(3.4)
Stockholders' Equity Note, Spinoff Transaction			64.8
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		$ (516.8)	(225.8)	(554.8)	(516.8)
Other comprehensive income (loss), net of tax			258.8	(38)
Stockholders' Equity Note, Spinoff Transaction			70.2
Accumulated other comprehensive income (loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax			240.1	(42.5)	(185.3)
Stockholders' Equity Note, Spinoff Transaction			135
Noncontrolling interest [Member]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest			2.7	0.9	(3)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax			2.7	$ 0.9	$ (3)
Stockholders' Equity Note, Spinoff Transaction			$ (28)
Euro Member Countries, Euro
Number of ordinary shares \| shares			40,000
Ordinary shares, par value, in dollars or euros per share, as stated \| € / shares							€ 1
Common Stock, Shares, Outstanding \| shares			0	0
Common Stock, Shares, Outstanding \| shares			0	0

Equity (Reconciliation of Ordin

Equity (Reconciliation of Ordinary Shares) (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Ordinary shares [Member]
Beginning balance, shares	262.8	266.4	274
Shares issued under incentive plans	2.3
Repurchase of ordinary shares	(1.8)	(6.4)	(9.7)
Ending balance, shares	263.3	262.8	266.4
Treasury Stock [Member]
Beginning balance, shares	24.5
Shares issued under incentive plans	0
Repurchase of ordinary shares	0
Ending balance, shares	24.5	24.5

Equity (Changes In Accumulated

Equity (Changes In Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated other comprehensive income (loss)	$ (1,006.6)	$ (964.1)
Other comprehensive income (loss), net of tax	242.8	(41.6)	$ (188.3)
Accumulated other comprehensive income (loss)	(631.5)	(1,006.6)	(964.1)
Stockholders' Equity Note, Spinoff Transaction	(1,359.9)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated other comprehensive income (loss)	5.6	6.7
Other comprehensive income (loss), net of tax	5.2	(1.1)
Accumulated other comprehensive income (loss)	10.8	5.6	6.7
Stockholders' Equity Note, Spinoff Transaction	0
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated other comprehensive income (loss)	(457.4)	(454)
Other comprehensive income (loss), net of tax	(23.9)	(3.4)
Accumulated other comprehensive income (loss)	(416.5)	(457.4)	(454)
Stockholders' Equity Note, Spinoff Transaction	64.8
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated other comprehensive income (loss)	(554.8)	(516.8)
Other comprehensive income (loss), net of tax	258.8	(38)
Accumulated other comprehensive income (loss)	(225.8)	$ (554.8)	$ (516.8)
Stockholders' Equity Note, Spinoff Transaction	$ 70.2

Equity Equity (Other Comprehens

Equity Equity (Other Comprehensive Income in Noncontrolling Interest) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest	$ 2.7	$ 0.9	$ (3)

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 29, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jun. 03, 2009
Total number of shares authorized by the shareholders					23,000,000
Remains available for future incentive awards		15,700,000
Share-based compensation expense		$ (75.1)	$ (71.2)	$ (80.8)
Share-based compensation expense, net of tax		(56.9)	(53.9)	(61.2)
Aggregate intrinsic value of options exercised, in USD		$ 120.5	124.5
Percentage Of Awards Applied To Performance Condition		50.00%
Percentage of Awards Applied to Market Condition		50.00%
Share-based Payment Arrangement, Plan Modification, Incremental Cost	$ 0.1
Stock options and RSUs [Member]
Vesting period, in years		3 years
Stock Option [Member]
Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD		$ 8.3
Restricted Stock Units (RSUs) [Member]
Share-based compensation expense		(23.3)	$ (26.5)	$ (30.4)
Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD		$ 11.5
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		278,468,000,000	312,362,000,000	363,342,000,000
Share-based compensation expense		$ (26.7)	$ (17.9)	$ (23)
Average fair value of stock options granted, in dollars per share		$ 140,720,000	$ 111,120,000	$ 106,310,000
Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD		$ 18
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period		3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		1,021,628,000,000	1,286,857,000,000	1,541,025,000,000
Share-based compensation expense		$ (17.9)	$ (20.2)	$ (23.5)
Average fair value of stock options granted, in dollars per share		$ 16,750,000	$ 17,170,000	$ 15,510,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		213,142,000,000	268,465,000,000	327,411,000,000
Average fair value of stock options granted, in dollars per share		$ 104,760,000	$ 102,980,000	$ 90,070,000

Share-Based Compensation (Compe

Share-Based Compensation (Compensation Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ (75.1)	$ (71.2)	$ (80.8)
Tax benefit	(18.2)	(17.3)	(19.6)
Share-based compensation expense, net of tax	56.9	53.9	61.2
Deferred Compensation, Share-based Payments
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(3.9)	(3.1)	(3.4)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(17.9)	(20.2)	(23.5)
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(23.3)	(26.5)	(30.4)
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(26.7)	(17.9)	(23)
Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	3.3	(3.5)	(0.5)
Segment, Continuing Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of tax	55.2	46.5	52.5
Segment, Discontinued Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of tax	$ 1.7	$ 7.4	$ 8.7

Share-Based Compensation Share-

Share-Based Compensation Share-Based Compensation (Fair Value of Stock Options Assumptions) (Details) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Dividend yield	2.01%	2.06%	2.00%
Volatility	24.33%	21.46%	21.64%
Risk free rate of return	0.56%	2.46%	2.48%
Expected life	4 years 9 months 18 days	4 years 9 months 18 days	4 years 9 months 18 days

Share-Based Compensation (Chang

Share-Based Compensation (Changes in Options Outstanding Under the Plans) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Ten point seventy four dollars to sixty eight point seventy dollars [Member]
Weighted average remaining life, Outstanding, in years	6 years 2 months 12 days
Stock Options [Member]
Shares subject to options, Beginning balance	5,419,246	6,285,351	6,354,882
Shares subject to options, Granted	1,021,628	1,286,857	1,541,025
Shares subject to options, Exercised	(1,767,782)	(2,076,338)	(1,515,955)
Shares subject to options, Cancelled	(49,539)	(76,624)	(94,601)
Shares subject to options, Ending balance	5,719,358	5,419,246	6,285,351
Shares subject to options, Exercisable	3,352,349
Weighted average exercise price, Beginning balance, in dollars per share	$ 78.91	$ 66.95	$ 56.49
Weighted average exercise price, Granted, in dollars per share	105.29	101.42	89.71
Weighted average exercise price, Exercised, in dollars per share	58.27	56.17	45.44
Weighted average exercise price, Cancelled, in dollars per share	88.12	92.38	79.53
Weighted average exercise price, Ending Balance, in dollars per share	70.53	$ 78.91	$ 66.95
Weighted average exercise price, Exercisable, in dollars per share	$ 58.77
Aggregate intrinsic value, Outstanding, in USD	$ 426.9
Aggregate intrinsic value, Exercisable, in USD	$ 289.6
Weighted average remaining life, Exercisable, in years	5 years
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Spinoff Adjustment	1,095,805

Share-Based Compensation (Infor

Share-Based Compensation (Information Concerning Currently Outstanding and Exercisable Options) (Details)	12 Months Ended
	Dec. 31, 2020$ / sharesshares
30.01 - 40.00 [Member]
Number of options outstanding, in shares \| shares	682,984
Weighted average remaining life, Outstanding, in years	4 years
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 37.95
Number of options exercisable, in shares \| shares	682,984
Weighted average remaining life, Exercisable, in years	4 years
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 37.95
40.01 - 50.00 [Member]
Number of options outstanding, in shares \| shares	232,405
Weighted average remaining life, Outstanding, in years	3 years
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 46.56
Number of options exercisable, in shares \| shares	232,405
Weighted average remaining life, Exercisable, in years	3 years
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 46.56
50.01 - 60.00 [Member]
Number of options outstanding, in shares \| shares	328,001
Weighted average remaining life, Outstanding, in years	3 years 8 months 12 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 52.28
Number of options exercisable, in shares \| shares	328,001
Weighted average remaining life, Exercisable, in years	3 years 8 months 12 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 52.28
Sixty point zero one dollars to seventy dollars [Member]
Number of options outstanding, in shares \| shares	939,243
Weighted average remaining life, Outstanding, in years	5 years 7 months 6 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 63.19
Number of options exercisable, in shares \| shares	776,864
Weighted average remaining life, Exercisable, in years	5 years 2 months 12 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 62.66
Seventy point zero one dollars to eighty dollars [Domain]
Number of options outstanding, in shares \| shares	2,430,895
Weighted average remaining life, Outstanding, in years	6 years 9 months 18 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 74.53
Number of options exercisable, in shares \| shares	1,207,923
Weighted average remaining life, Exercisable, in years	6 years 4 months 24 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 73.38
Eighty point zero one dollars to ninety dollars [Domain]
Number of options outstanding, in shares \| shares	1,667
Weighted average remaining life, Outstanding, in years	8 years 3 months 18 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 86.31
Number of options exercisable, in shares \| shares	555
Weighted average remaining life, Exercisable, in years	8 years 3 months 18 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 86.31
Ninety point zero one dollars to one hundred dollars [Domain]
Number of options outstanding, in shares \| shares	19,921
Weighted average remaining life, Outstanding, in years	8 years 7 months 6 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 94.50
Number of options exercisable, in shares \| shares	1,369
Weighted average remaining life, Exercisable, in years	8 years 8 months 12 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 92.92
One hundred point one dollars to one hundred ten dollars [Domain]
Number of options outstanding, in shares \| shares	991,715
Weighted average remaining life, Outstanding, in years	8 years 10 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 105.25
Number of options exercisable, in shares \| shares	30,814
Weighted average remaining life, Exercisable, in years	3 years 6 months
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 105.28
One hundred ten point one dollars to one hundred twenty five dollars [Domain]
Number of options outstanding, in shares \| shares	1,093
Weighted average remaining life, Outstanding, in years	9 years 10 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 144.34
Number of options exercisable, in shares \| shares	0
Weighted average remaining life, Exercisable, in years	0 years
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 0
Twenty four point twenty three dollars to one hundred twenty four point ninety five dollars [Member]
Number of options outstanding, in shares \| shares	5,719,358
Weighted average remaining life, Outstanding, in years	6 years 2 months 12 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 70.53
Number of options exercisable, in shares \| shares	3,352,349
Weighted average remaining life, Exercisable, in years	5 years
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 58.77
Fifteen point zero one dollars to thirty dollars
Number of options outstanding, in shares \| shares	91,434
Weighted average remaining life, Outstanding, in years	10 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 26.16
Number of options exercisable, in shares \| shares	91,434
Weighted average remaining life, Exercisable, in years	10 months 24 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 26.16

Share-Based Compensation (RSU A

Share-Based Compensation (RSU Activity During the Year) (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Outstanding and unvested, beginning balance, in shares	604,340	721,639	803,699
RSUs, granted, in shares	213,142	268,465	327,411
RSUs, vested, in shares	(338,952)	(364,817)	(389,285)
RSUs, cancelled, in shares	(11,356)	(20,947)	(20,186)
Outstanding and unvested, ending balance, in shares	489,522	604,340	721,639
Weighted average grant date fair value, beginning of Period, in dollars per share	$ 93.56	$ 78.40	$ 67.09
Weighted average grant date fair value, granted, in dollars per share	104.76	102.98	90.07
Weighted average grant date fair value, vested, in dollars per share	86.62	70.26	64.88
Weighted average grant date fair value, cancelled, in dollars per share	84.38	89.64	77.95
Weighted average grant date fair value, end of Period, in dollars per share	$ 87.75	$ 93.56	$ 78.40
Sharebased Compensation Arrangement by Sharebased Payment Award Equity Instruments Other than Options Spinoff Adjustment	22,348

Share-Based Compensation Share

Share-Based Compensation Share Based Compensation (Performance Shares Rollforward) (Details) - Performance Shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding and unvested, beginning balance, in shares	984,930	1,246,164	1,364,536
Weighted average grant date fair value, beginning of Period, in dollars per share	$ 103.12	$ 79.83	$ 73.31
Share based compensation (SARs or Performance shares), granted, in shares	278,468	312,362	363,342
Weighted average grant date fair value, granted, in dollars per share	$ 140.72	$ 111.12	$ 106.31
Performance shares, vested in period, in shares	(340,400)	(539,402)	(309,306)
Performance shares, vested, weighted average grant date fair value	$ 93.63	$ 53.76	$ 76
Share based compensation (SARs or Performance shares), cancelled, in shares	(56,430)	(34,194)	(172,408)
Weighted average grant date fair value, cancelled, in dollars per share	$ 89.94	$ 106.14	$ 90.89
Sharebased Compensation Arrangement by Sharebased Payment Award Equity Instruments Other than Options Spinoff Adjustment	151,904
Outstanding and unvested, ending balance, in shares	1,018,472	984,930	1,246,164
Weighted average grant date fair value, end of Period, in dollars per share	$ 99.53	$ 103.12	$ 79.83

Restructuring Activities (Narra

Restructuring Activities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restructuring and related cost, incurred cost	$ 75.7	$ 52.6	$ 43.5
Restructuring reserve, current	$ 29.5	$ 25.4	$ 21.5

Restructuring Activities (Restr

Restructuring Activities (Restructuring Charges) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restructuring and related cost, incurred cost	$ 75.7	$ 52.6	$ 43.5
Additions, net of reversals	71.7	49.9
Americas [Member]
Restructuring and related cost, incurred cost	35.3	39	27.5
Additions, net of reversals	31.3	36.3
EMEA [Member]
Restructuring and related cost, incurred cost	7.4	5.1	4.6
Additions, net of reversals	7.4	5.1
Asia Pacific [Member]
Restructuring and related cost, incurred cost	5.1	6.7	2
Additions, net of reversals	5.1	6.7
Corporate and Other [Member]
Restructuring and related cost, incurred cost	27.9	1.8	9.4
Additions, net of reversals	27.9	1.8
Cost of Sales
Restructuring and related cost, incurred cost	24.1	37.3	25.2
Selling, General and Administrative Expenses
Restructuring and related cost, incurred cost	$ 51.6	$ 15.3	$ 18.3

Restructuring Activities (Res_2

Restructuring Activities (Restructuring Reserve) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Restructuring Reserve, Settled without Cash	$ 4	$ 2.7
Restructuring reserve, beginning balance	25.4	21.5
Additions, net of reversals	71.7	49.9
Cash paid	(67.6)	(46)
Restructuring reserve, ending balance	29.5	25.4
Americas [Member]
Restructuring reserve, beginning balance	11.9	15.3
Additions, net of reversals	31.3	36.3
Cash paid	(30.6)	(39.7)
Restructuring reserve, ending balance	12.6	11.9
EMEA [Member]
Restructuring reserve, beginning balance	2.8	1.7
Additions, net of reversals	7.4	5.1
Cash paid	(5.9)	(4)
Restructuring reserve, ending balance	4.3	2.8
Asia Pacific [Member]
Restructuring reserve, beginning balance	9.1	1.9
Additions, net of reversals	5.1	6.7
Cash paid	(12.2)	(0.5)
Restructuring reserve, ending balance	2	9.1
Corporate and Other [Member]
Restructuring reserve, beginning balance	1.6	2.6
Additions, net of reversals	27.9	1.8
Cash paid	18.9	2.8
Restructuring reserve, ending balance	$ 10.6	$ 1.6

Other, Net (Narrative) (Details

Other, Net (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Other, Net (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Foreign Currency Transaction Gain (Loss), before Tax	$ (10)	$ (9.5)	$ (12.8)
Deconsolidation, Gain (Loss), Amount	24.9
Legacy Legal Liability Overstatement	17.4
Segment, Continuing Operations [Member]
Deconsolidation, Gain (Loss), Amount	$ 0.9

Other, Net Table (Details)

Other, Net Table (Details) - USD ($) $ in Millions	12 Months Ended
Other, Net Table (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest income	$ 4.5	$ 0.6	$ 2.4
Exchange gain (loss)	(10)	(9.5)	(12.8)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(14.7)	(34.9)	(21.1)
Other, net	24.3	15.4	(1.8)
Nonoperating Income (Expense)	$ 4.1	$ (28.4)	$ (33.3)

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Remeasurement of deferred tax balances	0.00%	0.00%	0.40%
Change in permanent reinvestment assertion	0.00%	0.00%	(3.10%)
Income tax holiday, aggregate dollar amount	$ 24.6	$ 28.3	$ 21.3
Undistributed earnings	1,600
Unrecognized tax benefits	65.4	63.7	68.7	$ 108.4
Unrecognized tax benefits that would impact effective tax rate	36.8
Unrecognized tax benefits, income tax penalties and interest accrued	14.6	16
Unrecognized tax benefits, income tax penalties and interest expense recognized	0.1	0.7
Tax benefit to continuing operations	296.8	$ 238.6	$ 234.9
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 4.7
Period Changes In Unrecognized Tax Benefit, in months	12
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%
Effective Income Tax Rate Reconciliation, Percent	23.00%	17.10%	18.70%
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	$ 260
Valuation allowance change	16	$ 19.3	$ 35
Valuation Allowance due to Completion of Transaction	22.3
Indemnity payable	$ 13.5

Income Taxes Schedule of Earnin

Income Taxes Schedule of Earnings (Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Earnings (loss) before income taxes, United States	$ 653.9	$ 837.4	$ 728.2
Earnings (loss) before income taxes, Non-U.S.	634.3	561.5	529.6
Earnings (loss) before income taxes	$ 1,288.2	$ 1,398.9	$ 1,257.8

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Provision for Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current tax expense (benefit)	$ 274.6	$ 259.2	$ 332.7
Deferred tax expense (benefit)	22.2	(20.6)	(97.8)
Benefit (provision) for income taxes	(296.8)	(238.6)	(234.9)
United States [Member]
Current tax expense (benefit)	168.3	181.8	201
Deferred tax expense (benefit)	11.2	2.2	(50.2)
Benefit (provision) for income taxes	(179.5)	(184)	(150.8)
Non-U.S. [Member]
Current tax expense (benefit)	106.3	77.4	131.7
Deferred tax expense (benefit)	11	(22.8)	(47.6)
Benefit (provision) for income taxes	$ (117.3)	$ (54.6)	$ (84.1)

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation Between Statutory and Effective Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Foreign derived intangible income	1.10%	0.00%	0.00%
Statutory U.S. rate	21.00%	21.00%	21.00%
Non US tax rate differential	(1.10%)	(2.80%)	(2.60%)
Tax on US subsidiaries on Non US earnings	0.30%	(0.20%)	(0.60%)
State and local income taxes	4.30%	3.00%	2.10%
Change in permanent reinvestment assertion	0.00%	0.00%	(3.10%)
Transition tax	0.00%	0.00%	2.00%
Effective Income Tax Rate Reconciliation, Deduction, Percent	0.00%	0.00%	0.40%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent	(1.70%)	(1.70%)	(1.00%)
Valuation allowances	(1.10%)	(2.90%)	0.70%
Reserves for uncertain tax positions	(0.10%)	(0.50%)	0.50%
Provision to return and other true-up adjustments	(0.20%)	0.10%	(0.80%)
Other adjustments	0.50%	1.10%	0.10%
Effective tax rate	23.00%	17.10%	18.70%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Accounts) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Inventory and accounts receivable, deferred tax asset	$ 11.7	$ 13.3
Fixed assets and intangibles, deferred tax asset	9.5	9.7
Deferred Tax Liability Operating Lease Liabilities	101	117.6
Deferred Tax Asset Operating Lease right-of-use assets	(99.5)	(117.6)
Postemployment and other benefit liabilities, deferred tax asset	323.5	340.6
Product liability, deferred tax asset	4.8	68.9
Deferred tax assets, funding liability	71.8	0
Other reserves and accruals, deferred tax asset	164.8	143.6
Net operating losses and credit carryforwards, deferred tax asset	509	562.6
Other, deferred tax asset	58.5	33.6
Gross deferred tax assets	1,254.6	1,289.9
Deferred tax valuation allowances	(320.5)	(309.4)	$ (310.3)	$ (320.6)
Deferred tax assets net of valuation allowances	934.1	980.5
Inventory and accounts receivable, deferred tax liability	(22.3)	(25.3)
Fixed assets and intangibles, deferred tax liability	(1,186)	(1,184.7)
Postemployment and other benefit liabilities, deferred tax liability	(14.1)	(10.9)
Other reserves and accruals, deferred tax liability	(7.2)	(12.4)
Deferred Tax Liability Product Liability	(0.2)	(0.7)
Deferred Tax Liability undistributed earnings of foreign subsidiaries	(22.4)	(22.1)
Other, deferred tax liability	(3.2)	(18.7)
Deferred Tax Liabilities, Gross	(1,354.9)	(1,392.4)
Gross deferred tax liability	$ (420.8)	$ (411.9)

Income Taxes (Operating Loss an

Income Taxes (Operating Loss and Tax Credit Carryforwards) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
U.S. Federal net operating loss carryforwards	$ 509	$ 562.6
United States [Member]
U.S. Federal net operating loss carryforwards	611.8
U.S. credit carryforwards	138.6
State and Local Jurisdiction [Member]
U.S. credit carryforwards	31.7
U.S. State net operating loss carryforwards	2,898.4
Non-U.S. [Member]
Non-U.S. net operating loss carryforwards	490.8
Non-U.S. credit carryforwards	$ 9.3

Income Taxes (Valuation Allowan

Income Taxes (Valuation Allowance) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2015
Beginning balance		$ 43.6
Valuation allowance change	$ 16	19.3	$ 35
Valuation Allowance Deferred Tax Assets Other	(0.1)	0	0
Valuation Allowance Deferred Tax Assets Written Off	3.7	0		$ 4.6
Accumulated other comprehensive income (loss)	(1.2)	(1.3)	(7.5)
Ending balance	320.5	309.4	310.3
Foreign Tax Credits [Domain]
Valuation allowance change			17.3
Increase to valuation allowance [Member]
Valuation allowance change	38.9	44	54.6
Decrease to valuation allowance [Member]
Valuation allowance change	$ (22.8)	$ (43.6)	$ (52.8)

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Beginning balance	$ 63.7	$ 68.7	$ 108.4
Additions based on tax positions related to the current year	1	1.2	1.1
Additions based on tax positions related to prior years	2.1	9.3	23
Reductions based on tax positions related to prior years	(1.5)	(13.1)	(47.3)
Reductions related to settlements with tax authorities	(0.7)	(0.9)	(14.2)
Reductions related to lapses of statute of limitations	(1.7)	(0.6)	(0.6)
Translation (gain)/loss	2.5	(0.9)	(1.7)
Ending balance	$ 65.4	$ 63.7	$ 68.7

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Millions	12 Months Ended
Business Combinations (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Combinations [Abstract]
Disposal Group, Including Discontinued Operation, Revenue	$ 469.8	$ 3,523	$ 3,324.4
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	(315.8)	(2,366)	(2,265.1)
Disposal Group, Including Discontinued Operation, General and Administrative Expense	(234.4)	(809.5)	(654)
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	(80.4)	347.5	405.3
Disposal Group, Including Discontinued Operation, Other Expense	(55.9)	(50)	(88.3)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(136.3)	397.5	317
Discontinued Operation, Tax Effect of Discontinued Operation	14.9	(129.3)	17.6
Discontinued operations, net of tax	(121.4)	268.2	334.6
Deconsolidation, Gain (Loss), Amount	24.9
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue	469.8	3,523	3,324.4
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(122.3)	265.8	329.8
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	0.9	2.4	4.8
Discontinued operations, net of tax	(121.4)	268.2	334.6
Disposal Group, Including Discontinued Operation, Assets, Current		1,130.6
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent		454.3
Disposal Group, Including Discontinued Operation, Goodwill		1,657.4
Disposal Group, Including Discontinued Operation, Intangible Assets		825.2
Disposal Group, Including Discontinued Operation, Assets, Noncurrent		139.7
Disposal Group, Including Discontinued Operation, Assets	0	4,207.2
Disposal Group, Including Discontinued Operation, Liabilities, Current		823.7
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent		376.7
Disposal Group, Including Discontinued Operation, Liabilities	0	1,200.4
Deconsolidation, Gain (Loss), Amount	24.9
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	(182.8)	(83.4)	(285.7)
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period	130.1	45.3	118
Cash and Cash Equivalents [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current		25
Other Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	78.9	25.5	45.2
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	78.9	25.5	45.2
Other Discontinued Operations [Member]
Business Combinations [Abstract]
Discontinued operations, net of tax	(36.5)	40.6	(21.5)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations, net of tax	(36.5)	40.6	(21.5)
Segment, Discontinued Operations [Member] \| Aldrich [Member]
Business Combinations [Abstract]
Deconsolidation, Gain (Loss), Amount	25.8
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deconsolidation, Gain (Loss), Amount	$ 25.8
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	16 years
IndustrialSegmentBusinesses [Domain]
Business Combinations [Abstract]
Discontinued operations, net of tax	$ (84.9)	227.6	356.1
Separation costs	114.2	94.6
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(85.8)	225.2	351.3
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	0.9	2.4	4.8
Discontinued operations, net of tax	(84.9)	227.6	$ 356.1
Separation costs, net of tax	96.2	89.4
Separation costs	$ 114.2	$ 94.6

Earnings Per Share (EPS) (Detai

Earnings Per Share (EPS) (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Weighted-average number of basic shares	240.1	241.6	247.2
Shares issuable under incentive stock plans	3	2.8	2.9
Weighted-average number of diluted shares	243.1	244.4	250.1
Anti-dilutive shares	0.6	0	1.5
Common Stock, Dividends, Per Share, Declared	$ 2.12	$ 2.12	$ 1.96

Business Segment Information (S

Business Segment Information (Summary of Operations by Reportable Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net revenues	$ 12,454.7	$ 13,075.9	$ 12,343.8
Capital expenditures	146.2	205.4	284.7
Operating income (loss)	1,532.8	1,670.1	1,512.1
Segment Adjusted EBITDA	2,132.2	2,192.6	2,041.4
Interest Expense	(248.7)	(242.8)	(221)
Depreciation and amortization	294.3	288.8	282.3
Unallocated corporate expense	(225.3)	(209.5)	(236.8)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	1,288.2	1,398.9	1,257.8
Restructuring and related cost, incurred cost	(75.7)	(52.6)	(43.5)
Americas [Member]
Net revenues	9,685.9	10,059.5	9,219.4
Capital expenditures	98.2	146.8	195.3
Segment Adjusted EBITDA	1,677.7	1,742.1	1,565.5
Depreciation and amortization	224	213.6	208.8
Restructuring and related cost, incurred cost	(35.3)	(39)	(27.5)
EMEA [Member]
Net revenues	1,648.1	1,762.6	1,831.1
Capital expenditures	24.7	30	14.5
Segment Adjusted EBITDA	265.7	267.7	302.7
Depreciation and amortization	32.6	31	30
Restructuring and related cost, incurred cost	(7.4)	(5.1)	(4.6)
Asia Pacific [Member]
Net revenues	1,120.7	1,253.8	1,293.3
Capital expenditures	7.7	11.3	7.5
Segment Adjusted EBITDA	188.8	182.8	173.2
Depreciation and amortization	11.6	13.4	13.2
Restructuring and related cost, incurred cost	(5.1)	(6.7)	(2)
Operating Segments [Member]
Capital expenditures	130.6	188.1	217.3
Depreciation and amortization	268.2	258	252
Corporate, Non-Segment
Capital expenditures	15.6	17.3	67.4
Depreciation and amortization	$ (26.1)	$ (30.8)	$ (30.3)

Business Segment Information _2

Business Segment Information (Schedule of Revenues by Destination) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net revenues	$ 12,454.7	$ 13,075.9	$ 12,343.8

Business Segment Information _3

Business Segment Information (Schedule of Long-Lived Asset by Geographic Area) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Long-Lived Assets	$ 1,758.5	$ 1,821.4
UNITED STATES
Long-Lived Assets	1,219.4	1,346.3
Non-U.S. [Member]
Long-Lived Assets	$ 539.1	$ 475.1

Business Segment Information Re

Business Segment Information Revenue by major product/solution (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue from External Customer [Line Items]
Net revenues	$ 12,454.7	$ 13,075.9	$ 12,343.8

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 17, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Extended Product Warranty Accrual, Current		$ 108.6	$ 107.3
Reserves for environmental matters		39.9	$ 40.2
Maximum annual inflation rate	2.50%
Minimum annual inflation rate	1.00%
Percentage of non-malignant claims, minimum	73.00%		73.00%
Deconsolidation, Gain (Loss), Amount		24.9
Cash Divested from Deconsolidation		10.8	$ 0	$ 0
Legacy Legal Liability Overstatement		17.4
Asbestos Issue [Member]
Loss Contingency, Receivable	$ 270.9		304
Liability from Deconsolidation		248.8
Aldrich [Member] \| Asbestos Issue [Member]
Loss Contingency, Receivable	160.4		188.7
Murray [Member] \| Asbestos Issue [Member]
Loss Contingency, Receivable	$ 110.5		115.3
Aldrich and Murray [Member]
Cost Method Investments		53.6
Segment, Discontinued Operations [Member]
Reserves for environmental matters		37.5	$ 37.5
Segment, Discontinued Operations [Member] \| Aldrich [Member]
Deconsolidation, Gain (Loss), Amount		25.8
Continuing and Discontinued Operations [Member]
Cash Divested from Deconsolidation		41.7
Segment, Continuing Operations [Member]
Deconsolidation, Gain (Loss), Amount		$ 0.9

Commitments and Contingencies S

Commitments and Contingencies Schedule of Asbestos Related Balances (Details) - USD ($) $ in Millions	Dec. 31, 2020	Jun. 17, 2020	Dec. 31, 2019
Accrued expenses and other current liabilities	$ 1,592		$ 1,564.2
Other noncurrent liabilities	1,291.1		1,398.2
Other current assets	224.4		344.8
Other noncurrent assets	$ 1,272.4		1,397.2
Asbestos Issue [Member]
Loss Contingency, Accrual, Current		$ 57.1	63
Loss Contingency, Accrual, Noncurrent		451	484.4
Loss Contingency Accrual		508.1	547.4
Loss Contingency, Receivable, Current		50.3	66.2
Loss Contingency, Receivable, Noncurrent		220.6	237.8
Loss Contingency, Receivable		$ 270.9	$ 304

Commitments and Contingencies C

Commitments and Contingencies Costs/Income Asbestos Related Claims After Recoveries (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 17, 2020	Dec. 31, 2019	Dec. 31, 2018
Liability for Asbestos and Environmental Claims, Net, Incurred Loss	$ 3.6	$ 75.2	$ (66.9)
Segment, Continuing Operations [Member]
Liability for Asbestos and Environmental Claims, Net, Incurred Loss	14.8	7	(10.4)
Segment, Discontinued Operations [Member]
Liability for Asbestos and Environmental Claims, Net, Incurred Loss	$ (11.2)	$ 68.2	$ (56.5)

Commitments and Contingencies_3

Commitments and Contingencies (Standard Product Warranty Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Balance at beginning of period	$ 251.4	$ 245.6
Reductions for payments	130.5	142.8
Accruals for warranties issued during the current period	144.6	144.1
Changes to accruals related to preexisting warranties	14.9	5.1
Translation	2.3	(0.6)
Balance at end of period	282.7	251.4
Total current standard product warranty reserve	$ 127.7	$ 124.9

Commitments and Contingencies_4

Commitments and Contingencies Commitments and Contingencies (Extended Product Warranty Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Extended Product Warranty Accrual, Current	$ 108.6	$ 107.3
Extended Warranty [Member]
Balance at beginning of period	302.8	290.6
Amortization of deferred revenue for the period	(123.6)	(120.9)
Additions for extended warranties issued during the period	123.7	133.5
Changes to accruals related to preexisting warranties	0	(0.4)
Translation	1.5	0
Balance at end of period	304.4	302.8	$ 290.6
Extended warranty incurred costs	$ 61	$ 62.8	$ 63.8

Uncategorized Items - tt-202012

Label	Element	Value
ASU 2016-16 [Domain] \| Retained Earnings [Member]
Change in Accounting Principle or Standard, Cumulative Effect Adjustment	tt_ChangeInAccountingPrincipleOrStandardCumulativeEffectAdjustment	$ (9,100,000)
Accounting Standards Update 2014-09 [Member] \| Retained Earnings [Member]
Change in Accounting Principle or Standard, Cumulative Effect Adjustment	tt_ChangeInAccountingPrincipleOrStandardCumulativeEffectAdjustment	$ 2,400,000