TT 10-K Annual Report Dec. 31, 2021 | Alphaminr
Trane Technologies plc
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TT 10-K Fiscal year ended Dec. 31, 2021

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TRANE TECHNOLOGIES PLC
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters andItem 6. [reserved]Item 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Quantitative and Qualitative Disclosure About Market RiskItem 8. Financial StatementsItem 9. Changes in and Disagreements with Accountants on Accounting and FinancialItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and RelatedItem 13. Certain Relationships and Related Transactions, and Director IndependenceItem 14. Principal Accountant Fees and ServicesPart IVItem 15. Exhibits and Financial Statement SchedulesItem 16. Form 10-k SummaryNote 1. Description Of CompanyNote 2. Summary Of Significant Accounting PoliciesNote 3. InventoriesNote 4. Property, Plant and EquipmentNote 5. GoodwillNote 6. Intangible AssetsNote 7. Debt and Credit FacilitiesNote 8. Financial InstrumentsNote 9. Fair Value MeasurementsNote 10. LeasesNote 11. Pensions and Postretirement Benefits Other Than PensionsNote 12. RevenueNote 13. EquityNote 14. Share-based CompensationNote 15. Restructuring ActivitiesNote 16. Other Income/(expense), NetNote 17. Income TaxesNote 18. Acquisitions and DivestituresNote 19. Earnings Per Share (eps)Note 20. Business Segment InformationNote 21. Commitments and Contingencies

Exhibits

2.1 Separation and Distribution Agreement between Ingersoll-Rand plc and Allegion plc, dated November 29, 2013. Incorporated by reference to Exhibit 3.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on December 2, 2013. 2.2 Agreement and Plan of Merger, dated as of April 30, 2019, by and among the Company, Gardner Denver Holdings, Inc., Ingersoll-Rand U.S. HoldCo, Inc. and Charm Merger Sub Inc. Incorporated by reference to Exhibit 2.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on May 6, 2019. 2.3 Separation and Distribution Agreement, dated as of April 30, 2019, by and between Ingersoll-Rand plc and Ingersoll-Rand U.S. HoldCo, Inc. Incorporated by reference to Exhibit 2.2 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on May 6, 2019). 3.1 Constitution of the Company, as amended and restated on June 2, 2016 Incorporated by reference to Exhibit 3.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on June 7, 2016. 3.2 Amendment to the Constitution of the Company dated March 2, 2020 Incorporated by reference to Exhibit 3.2 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.1 Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. 4.2 First Supplemental Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee, relating to the 2.875% Senior Notes due 2019. Incorporated by reference to Exhibit 4.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. 4.3 Second Supplemental Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee, relating to the 4.250% Senior Notes due 2023. Incorporated by reference to Exhibit 4.3 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. 4.4 Third Supplemental Indenture, dated as of June 20, 2013, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Company Limited and Ingersoll-Rand International Holding Limited, as guarantors and The Bank of New York Mellon, as Trustee, relating to the 5.750% Senior Notes due 2043. Incorporated by reference to Exhibit 4.4 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on June 26, 2013. 4.5 Fourth Supplemental Indenture, dated as of November 20, 2013, among Ingersoll-Rand Global Holding Company Limited, a Bermuda company, Ingersoll-Rand Company Limited, a Bermuda company, Ingersoll-Rand International Holding Limited, a Bermuda company, Ingersoll-Rand plc, an Irish public limited company, Ingersoll-Rand Company, a New Jersey corporation, and The Bank of New York Mellon, as Trustee, to the Indenture dated as of June 20, 2013. Incorporated by reference to Exhibit 4.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on November 26, 2013. 4.6 Fifth Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand Company, as co-obligor, Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Luxembourg Finance S.A., as guarantors, and The Bank of New York Mellon, as Trustee, to an Indenture, dated as of June 20, 2013. Incorporated by reference to Exhibit 4.5 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. 4.7 Sixth Supplemental Indenture, dated as of December 18, 2015, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand Company, as co-obligor, Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Luxembourg Finance S.A., and Ingersoll-Rand Lux International Holding Company S..r.l. as guarantors, and The Bank of New York Mellon, as Trustee, to an Indenture, dated as of June 20, 2013. Incorporated by reference to Exhibit 4.21 to the Company's Form 10-K for the fiscal year ended 2015 (File No. 001-34400) filed with the SEC on February 12, 2016. 4.8 Seventh Supplemental Indenture, dated as of April 5, 2016, by and among Ingersoll-Rand Global Holding company Limited, as issuer, Ingersoll-Rand Company, as co-obligor, Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., and Ingersoll-Rand Irish Holdings Unlimited Company, as guarantors, and The Bank of New York Mellon, as Trustee, to an indenture, dated as of June 20, 2013. Incorporated by reference to Exhibit 4.19 to the Companys Form 10-K for the fiscal year ended 2016 (File No. 001-34400) filed with the SEC on February 13, 2017. 4.9 Eighth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S..r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. Incorporated by reference to Exhibit 4.9 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.10 Ninth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S..r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. Incorporated by reference to Exhibit 4.10 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.11 Tenth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies HoldCo Inc., Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S..r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC, and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. Incorporated by reference to Exhibit 4.11 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.12 Eleventh Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies HoldCo Inc., Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies plc, Trane Technologies Luxembourg Finance S.A., Trane Technologies Lux International Holding Company S..r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC, and The Bank of New York Mellon, as Trustee, to an indenture dated as of June 20, 2013. Incorporated by reference to Exhibit 4.12 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.13 Twelfth Supplemental Indenture, dated as of April 30, 2021, by and among Trane Technologies HoldCo Inc., Trane Technologies Company LLC, Trane Technologies Global Holding Company Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company and Trane Technologies Financing Limited and The Bank of New York Mellon, as Trustee. Filed herewith. 4.14 Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014 4.15 First Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee, relating to the 2.625% Senior Notes due 2020. Incorporated by reference to Exhibit 4.2 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. 4.16 Second Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee, relating to the 3.550% Senior Notes due 2024. Incorporated by reference to Exhibit 4.3 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. 4.17 Third Supplemental Indenture, dated as of October 28, 2014, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand Global Holding Company Limited, as guarantors, and The Bank of New York Mellon, as Trustee, relating to the 4.650% Senior Notes due 2044. Incorporated by reference to Exhibit 4.4 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on October 29, 2014. 4.18 Fourth Supplemental Indenture, dated as of December 18, 2015, by and among Ingersoll-Rand Luxembourg Finance S.A., as issuer, and Ingersoll-Rand plc, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Company, Ingersoll-Rand Global Holding Company Limited, and Ingersoll-Rand Lux International Holding Company S..r.l. as guarantors, and The Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.27 to the Company's Form 10-K for the fiscal year ended 2015 (File No. 001-34400) filed with the SEC on February 12, 2016. 4.19 Fifth Supplemental Indenture, dated as of April 5, 2016, by and among Ingersoll-Rand Luxembourg Finance S.A., as Issuer, and Ingersoll-Rand plc, Ingersoll-Rand Company Limited, Ingersoll-Rand Company, Ingersoll-Rand International Holding Limited, Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company, as guarantors, and The Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.25 to the Companys Form 10-K for the fiscal year ended 2016 (File No. 001-34400) filed with the SEC on February 13, 2017. 4.20 Sixth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Company, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and the Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.19 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.21 Seventh Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, and the Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.20 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.22 Eighth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Trane Technologies Lux International Holding Company S..r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, and the Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.21 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.23 Ninth Supplemental Indenture, dated as of May 1, 2020, by and among Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Global Holding Company Limited, Trane Technologies Lux International Holding Company S..r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC, and the Bank of New York Mellon, as Trustee. Incorporated by reference to Exhibit 4.22 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.24 Tenth Supplemental Indenture dated as of April 30, 2021, by and among Trane Technologies Financing Limited, Trane Technologies Global Holding Company Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., and Trane Technologies Company LLC and The Bank of New York Mellon, as Trustee. Filed herewith. 4.25 Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee. Incorporated by reference to Exhibit 4.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. 4.26 First Supplemental Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 2.900% Senior Notes due 2021. Incorporated by reference to Exhibit 4.2 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. 4.27 Second Supplemental Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 3.750% Senior Notes due 2028. Incorporated by reference to Exhibit 4.4 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. 4.28 Third Supplemental Indenture, dated as of February 21, 2018, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 4.300% Senior Notes due 2048. Incorporated by reference to Exhibit 4.6 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on February 26, 2018. 4.29 Fourth Supplemental Indenture, dated as of March 21, 2019, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 3.500% Senior Notes due 2026. Incorporated by reference to Exhibit 4.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on March 26, 2019. 4.30 Fifth Supplemental Indenture, dated as of March 21, 2019, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 3.800% Senior Notes due 2029. Incorporated by reference to Exhibit 4.3 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on March 26, 2019. 4.31 Sixth Supplemental Indenture, dated as of March 21, 2019, by and among Ingersoll-Rand Global Holding Company Limited, as issuer, Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S. r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company, as guarantors, and Wells Fargo Bank, National Association, as Trustee, relating to the 4.500% Senior Notes due 2049. Incorporated by reference to Exhibit 4.5 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on March 26, 2019. 4.32 Seventh Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Ingersoll-Rand Company, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc. and Wells Fargo Bank, National Association, as Trustee. Incorporated by reference to Exhibit 4.30 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.33 Eighth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC and Wells Fargo Bank, National Association, as Trustee. Incorporated by reference to Exhibit 4.31 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.34 Ninth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC and Wells Fargo Bank, National Association, as Trustee. Incorporated by reference to Exhibit 4.32 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.35 Tenth Supplemental Indenture, dated as of May 1, 2020, by and among Ingersoll-Rand Global Holding Company Limited, Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc., Trane Technologies Company LLC and Wells Fargo Bank, National Association, as Trustee. Incorporated by reference to Exhibit 4.33 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 4.36 Eleventh Supplemental Indenture dated as of April 30, 2021, by and among Trane Technologies Financing Limited, Trane Technologies Global Holding Company Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies HoldCo Inc. and Trane Technologies Company LLC and Wells Fargo Bank, National Association. Filed herewith. 4.37 Form of Ordinary Share Certificate of Ingersoll-Rand plc. Incorporated by reference to Exhibit 4.6 to the Companys Form S-3 (File No. 333-161334) filed with the SEC on August 13, 2009. 4.38 Description of Registrant's Securities Filed herewith. 10.1* Form of Global Stock Option Award Agreement (February 2021). Incorporated by reference to Exhibit 10.1 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.2* Form of Global Restricted Stock Unit Award Agreement (February 2021). Incorporated by reference to Exhibit 10.2 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.3* Form of Global Performance Stock Unit Award Agreement (February 2021). Incorporated by reference to Exhibit 10.3 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.4 Credit Agreement dated June 18, 2021 among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l.,TraneTechnologiesIrish Holdings Unlimited Company, Trane Technologies Company LLC, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, J.P. Morgan Securities LLC and BNP Paribas, as Sustainability Structuring Agents, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, MUFG Bank, Ltd. and U.S. Bank National Association as Documentation Agents, and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on June 24, 2021. 10.5 Credit Agreement dated June 4, 2020 among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S. r.l. (TT Lux Holding Company), Trane Technologies Irish Holdings Unlimited Company (Irish Holdings), Trane Technologies Company LLC (TTC and, together with TT Parent, Irish Holdings and TT Lux Holding Company, the Guarantors), JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, Deutsche Bank Securities Inc., Goldman Sachs Bank USA and MUFG Bank, Ltd., as Documentation Agents, and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on June 10, 2020. 10.6 First Amendment to 2020 Credit Agreement dated September 24, 2021. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on September 30, 2021. 10.7 Deed Poll Indemnity of Ingersoll-Rand plc, an Irish public limited company, as to the directors, secretary and officers and senior executives of Ingersoll-Rand plc and the directors and officers of Ingersoll-Rand plcs subsidiaries. Incorporated by reference to Exhibit 10.5 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on July1, 2009. 10.8 Tax Sharing Agreement, dated as of July 16, 2007, by and among American Standard Companies Inc. and certain of its subsidiaries and WABCO Holdings Inc. and certain of its subsidiaries. Incorporated by reference to Exhibit 10.1 to Trane Inc.s Form 8-K (File No. 001-11415) filed with the SEC on July 20, 2007. 10.9 Tax Matters Agreement between Ingersoll-Rand plc and Allegion plc, dated November 30, 2013. Incorporated by reference to Exhibit 10.2 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on December 2, 2013. 10.10* Trane Technologies Incentive Stock Plan of 2013 (amended and restated as of March 2, 2020). Incorporated by reference to Exhibit 10.9 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.11* Trane Technologies Incentive Stock Plan of 2018 (amended and restated as of March 2, 2020). Incorporated by reference to Exhibit 10.10 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.12* Trane Technologies Executive Deferred Compensation Plan (as amended and restated effective May 4, 2020). Incorporated by reference to Exhibit 10.11 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.13* Trane Technologies Executive Deferred Compensation Plan II (as amended and restated effective May 4, 2020). Filed herewith. 10.14* Trane Technologies Director Deferred Compensation and Stock Award Plan (as amended and restated effective March 2, 2020). Incorporated by reference to Exhibit 10.13 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.15* Trane Technologies Director Deferred Compensation and Stock Award Plan II (as amended and restated effective March 2, 2020). Incorporated by reference to Exhibit 10.14 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.16* Trane Technologies Supplemental Employee Savings Plan (amended and restated effective May 4, 2020). Incorporated by reference to Exhibit 10.15 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.17* Trane Technologies Supplemental Employee Savings Plan II (effective January 1, 2005 and amended and restated through May 4, 2020). Incorporated by reference to Exhibit 10.16 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.18* Trane Inc. Deferred Compensation Plan (as amended and restated as of May 4, 2020, except where otherwise stated). Incorporated by reference to Exhibit 10.17 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.19* Trane Technologies Supplemental Pension Plan (Amended and Restated Effective May 4, 2020). Incorporated by reference to Exhibit 10.18 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.20* Trane Technologies Supplemental Pension Plan II (Amended and Restated Effective May 4, 2020). Incorporated by reference to Exhibit 10.19 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.21* Trane Technologies Elected Officers Supplemental Plan (Effective January 1, 2005 and Amended and Restated effective May 4, 2020). Incorporated by reference to Exhibit 10.20 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.22* Trane Technologies Key Management Supplemental Program (Effective January 1, 2005 and Amended and Restated effective May 4, 2020). Filed herewith. 10.23* Description of Annual Incentive Matrix Program. Filed herewith. 10.24* Form of Tier 1 Change in Control Agreement (Officers before May 19, 2009). Incorporated by reference to Exhibit 99.1 to the Company's Form 8-K (File No. 001-16831) filed with the SEC on December 4, 2006. 10.25* Form of Tier 2 Change in Control Agreement (Officers before May 19, 2009). Incorporated by reference to Exhibit 99.2 to the Companys Form 8-K (File No. 001-16831) filed with the SEC on December 4, 2006. 10.26* Form of Tier 1 Change in Control Agreement (New Officers on or after May 19, 2009). Incorporated by reference to Exhibit 10.32 to the Companys Form 10-Q for the period ended June 30, 2009 (File No. 001-34400) filed with the SEC on August6, 2009. 10.27* Form of Tier 2 Change in Control Agreement (New Officers on or after May 19, 2009). Incorporated by reference to Exhibit 10.33 to the Companys Form 10-Q for the period ended June30, 2009 (File No. 001-34400) filed with the SEC on August6, 2009. 10.28* Amended and Restated Major Restructuring Severance Plan (as amended and restated effective May 4, 2020). Incorporated by reference to Exhibit 10.27 to the Companys 2020 Form 10-K (File No. 001-34400) filed with the SEC on February 9, 2021. 10.29* Michael W. Lamach Letter, dated December 24, 2003. Incorporated by reference to Exhibit 10.35 to the Companys Form 10-K for the fiscal year ended 2003 (File No. 001-16831) filed with the SEC on February 27, 2004. 10.30* Michael W. Lamach Letter, dated June 4, 2008. Incorporated by reference to Exhibit 10.2 to the Companys Form 8-K (File No. 001-16831) filed with the SEC on June 10, 2008. 10.31* Michael W. Lamach Letter, dated February 4, 2009. Incorporated by reference to Exhibit 10.43 to the Companys Form 10-K for the fiscal year ended 2008 (File No. 001-16831) filed with the SEC on March2, 2009. 10.32* Michael W. Lamach Letter, dated February 3, 2010. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on February 5, 2010. 10.33* Michael W. Lamach Letter, dated December 23, 2012. Incorporated by reference to Exhibit 10.48 to the Company's Form 10-K for the fiscal year ended 2012 (File No. 001-34400) filed with the SEC on February 14, 2013. 10.34 Michael W. Lamach Letter, dated June 3, 2021. Incorporated by reference to Exhibit 10.2 to the Companys Form 8-K filed with the SEC on June 4, 2021. 10.35* Marcia J. Avedon Letter, dated January 8, 2007. Incorporated by reference to Exhibit 10.45 to the Company's Form 10-K for the fiscal year ended December 31, 2006 (File No. 001-16831) filed with the SEC on March 1, 2007. 10.36* Marcia J. Avedon Letter, dated December 20, 2012. Incorporated by reference to Exhibit 10.53 to the Company's Form 10-K for the fiscal year ended 2012 (File No. 001-34400) filed with the SEC on February 14, 2013. 10.37* Marcia J. Avedon Letter, dated January 5, 2022. Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on January 6, 2022. 10.38* David S. Regnery Letter, dated as of September 1, 2017. Incorporated by reference to Exhibit 10.44 to the Companys Form 10-K for the year ended December 31, 2018 (File No. 001-34400) filed with the SEC on February 12, 2019. 10.39* David S. Regnery Letter, dated as of December 9, 2019. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on December 11, 2019. 10.40* David S. Regnery Letter, dated as of June 3, 2021. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (Filed No. 001-34400) filed with the SEC on June 4, 2021. 10.41* Christopher J. Kuehn Letter, dated as of December 10, 2019. Incorporated by reference to Exhibit 10.1 to the Companys Form 8-K (File No. 001-34400) filed with the SEC on December 10, 2019. 10.42* Paul A. Camuti Letter, dated December 5, 2019. Filed herewith. 10.43* Employee Matters Agreement between Ingersoll-Rand plc and Allegion plc, dated November 30, 2013. Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on December 2, 2013. 21 List of Subsidiaries of Trane Technologies plc. Filed herewith. 22.1 List of Guarantors and Subsidiary Issuers of Guaranteed Securities. Filed herewith. 23.1 Consent of Independent Registered Public Accounting Firm. Filed herewith. 31.1 Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith. 31.2 Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith. 32 Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Furnished herewith.