Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Trane Technologies plc, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Accounts payable	1,962,600)	2,091,600)	2,061,300)	2,000,200)	1,931,600)	1,787,300)	1,757,800)	1,833,200)	1,608,900)	1,520,200)	1,458,800)	1,368,200)	1,446,700)	1,809,200)	1,758,800)	1,889,900)	1,800,100)	1,705,300)	1,748,700)	1,832,100)	1,666,100)
Accrued compensation and benefits	354,900)	541,200)	477,900)	458,900)	405,100)	544,800)	462,400)	410,800)	368,800)	451,100)	421,000)	361,500)	316,000)	549,200)	485,800)	432,300)	363,400)	531,600)	504,400)	428,400)	364,400)
Accrued expenses and other current liabilities	2,165,600)	2,006,000)	1,956,400)	2,121,400)	1,907,300)	2,069,900)	1,742,900)	1,793,500)	1,721,500)	1,592,000)	1,515,200)	1,449,600)	1,528,400)	1,853,000)	1,881,000)	2,028,800)	1,950,600)	1,728,200)	1,720,300)	1,892,600)	1,685,000)
Short-term borrowings and current maturities of long-term debt	348,300)	1,048,000)	1,049,900)	1,049,800)	350,400)	350,400)	350,400)	475,400)	475,400)	775,600)	775,100)	649,900)	949,700)	650,500)	650,500)	829,200)	374,400)	350,600)	350,600)	599,600)	605,200)
Current liabilities	4,831,400)	5,686,800)	5,545,500)	5,630,300)	4,594,400)	4,752,400)	4,313,500)	4,512,900)	4,174,600)	4,338,900)	4,170,100)	3,829,200)	4,240,800)	4,861,900)	4,776,100)	5,180,200)	4,488,500)	4,315,700)	4,324,000)	4,752,700)	4,320,700)
Long-term debt,excluding current maturities	4,481,800)	3,788,300)	3,787,500)	3,786,700)	4,492,600)	4,491,700)	4,490,700)	4,489,800)	4,496,300)	4,496,500)	4,494,200)	4,618,200)	4,624,800)	4,922,900)	4,921,900)	4,920,600)	5,226,500)	3,740,700)	3,739,800)	3,738,900)	3,745,500)
Postemployment and other benefit liabilities	674,900)	667,000)	730,900)	757,200)	780,900)	810,900)	977,100)	1,004,600)	1,008,200)	1,024,600)	977,200)	1,009,100)	1,008,200)	1,221,900)	1,178,800)	1,196,900)	1,191,400)	1,192,900)	1,207,400)	1,247,700)	1,264,500)
Deferred and noncurrent income taxes	636,300)	680,100)	639,100)	616,500)	586,700)	581,500)	598,900)	594,100)	563,000)	578,500)	635,500)	580,800)	561,200)	682,000)	666,300)	725,100)	527,200)	538,400)	610,200)	735,400)	768,700)
Other noncurrent liabilities	1,218,700)	1,154,200)	1,168,400)	1,150,800)	1,165,800)	1,150,200)	1,334,300)	1,295,300)	1,269,900)	1,291,100)	1,281,400)	1,226,800)	1,410,800)	1,491,200)	1,484,700)	1,471,900)	1,424,600)	1,062,400)	1,079,900)	1,079,500)	1,125,300)
Noncurrent liabilities	7,011,700)	6,289,600)	6,325,900)	6,311,200)	7,026,000)	7,034,300)	7,401,000)	7,383,800)	7,337,400)	7,390,700)	7,388,300)	7,434,900)	7,605,000)	8,318,000)	8,251,700)	8,314,500)	8,369,700)	6,534,400)	6,637,300)	6,801,500)	6,904,000)
Total liabilities	11,843,100)	11,976,400)	11,871,400)	11,941,500)	11,620,400)	11,786,700)	11,714,500)	11,896,700)	11,512,000)	11,729,600)	11,558,400)	11,264,100)	11,845,800)	13,179,900)	13,027,800)	13,494,700)	12,858,200)	10,850,100)	10,961,300)	11,554,200)	11,224,700)
Ordinary shares	252,500)	253,300)	254,800)	256,200)	258,300)	259,700)	262,000)	262,700)	263,600)	263,300)	264,500)	263,800)	263,700)	262,800)	264,100)	265,900)	265,500)	266,400)	270,100)	269,800)	272,500)
Ordinary shares held in treasury, at cost	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,300)	(1,719,300)
Capital in excess of par value	—)	—)	—)	12,100)	—)	—)	15,200)	—)	—)	—)	93,300)	46,500)	26,400)	—)	—)	26,000)	—)	—)	52,400)	31,300)	249,800)
Retained earnings	8,202,300)	8,320,900)	8,320,400)	8,003,700)	8,098,700)	8,353,200)	8,626,500)	8,566,200)	8,452,300)	8,495,300)	8,489,300)	8,222,100)	8,127,900)	9,730,800)	9,762,700)	9,497,200)	9,298,300)	9,439,800)	9,624,800)	9,109,900)	8,904,400)
Accumulated other comprehensive loss	(699,300)	(766,200)	(997,500)	(829,100)	(639,000)	(637,600)	(709,200)	(652,200)	(699,800)	(631,500)	(761,000)	(876,100)	(926,000)	(1,006,600)	(1,069,800)	(939,200)	(958,600)	(964,100)	(919,800)	(904,600)	(626,700)
Total Trane Technologies plc shareholders’ equity	6,036,100)	6,088,600)	5,858,300)	5,723,500)	5,998,600)	6,255,900)	6,475,100)	6,457,300)	6,296,700)	6,407,700)	6,366,700)	5,936,900)	5,772,600)	7,267,600)	7,237,600)	7,130,500)	6,885,800)	7,022,700)	7,308,100)	6,787,100)	7,080,700)
Noncontrolling interest	18,200)	16,600)	10,100)	15,800)	17,900)	17,200)	12,600)	15,400)	16,100)	19,400)	14,300)	22,600)	17,200)	44,800)	41,500)	42,400)	37,000)	42,100)	35,100)	36,600)	59,700)
Total equity	6,054,300)	6,105,200)	5,868,400)	5,739,300)	6,016,500)	6,273,100)	6,487,700)	6,472,700)	6,312,800)	6,427,100)	6,381,000)	5,959,500)	5,789,800)	7,312,400)	7,279,100)	7,172,900)	6,922,800)	7,064,800)	7,343,200)	6,823,700)	7,140,400)
Total liabilities and equity	17,897,400)	18,081,600)	17,739,800)	17,680,800)	17,636,900)	18,059,800)	18,202,200)	18,369,400)	17,824,800)	18,156,700)	17,939,400)	17,223,600)	17,635,600)	20,492,300)	20,306,900)	20,667,600)	19,781,000)	17,914,900)	18,304,500)	18,377,900)	18,365,100)

Accounts payable: Accounts payable exhibited fluctuations over the reported periods, generally showing a moderate increase from March 2018 through December 2019, then a decline during 2020, followed by a renewed upward trend from early 2021 until the end of 2022, slightly tapering off in the first quarter of 2023.
Accrued compensation and benefits: This liability demonstrated some volatility with a peak around the end of 2018 and 2019, a noticeable decline in mid-2020, and a recovery through 2021 and 2022, before decreasing again in early 2023, indicating cyclical variations possibly related to workforce-related expenses.
Accrued expenses and other current liabilities: Accrued expenses and other current liabilities remained relatively stable with some increases during 2019, a decline through 2020, followed by a gradual increase through 2022 and continuing into 2023, suggesting ongoing operational obligations with some sensitivity to the economic environment.
Short-term borrowings and current maturities of long-term debt: Short-term borrowings displayed volatility, with a notable increase in mid-2019, a peak in early 2020, a significant decrease through 2021, another peak in mid-2022, and a sharp decrease by March 2023, reflecting shifts in short-term liquidity management and refinancing activities.
Current liabilities: Current liabilities showed moderate fluctuations, rising in 2019, declining notably in 2020, and increasing again in 2022 with peaks in the second half of the year, and then falling towards the first quarter of 2023, indicating variability in near-term obligations and possibly working capital management adjustments.
Long-term debt, excluding current maturities: Long-term debt remained relatively stable from 2018 through 2019, increased sharply in early 2019, then trended downward through 2020 and 2022 before increasing again by March 2023, implying strategic debt management possibly including refinancing or repayment activities.
Postemployment and other benefit liabilities: Postemployment and other benefit liabilities consistently decreased from 2018 to 2023, reflecting reductions in long-term benefit obligations or changes in actuarial assumptions.
Deferred and noncurrent income taxes: Deferred and noncurrent income taxes fluctuated moderately across periods, with a downward trend from 2018 to early 2019, a rise mid-2019, relative stabilization through 2020, followed by gradual increases in 2022, indicating tax position changes and timing differences in recognition.
Other noncurrent liabilities: Other noncurrent liabilities remained fairly consistent, with moderate decreases in 2020 and 2021, slight recovery mid-2022, and a positive uptick by early 2023, suggesting stable underlying long-term obligations with minor adjustments.
Noncurrent liabilities: Noncurrent liabilities peaked in early 2019, remained elevated through 2019, then declined sharply through 2022 before a slight rebound in early 2023, reflecting the combined effects of long-term debt reduction, benefit liability decreases, and other long-term obligations.
Total liabilities: Total liabilities increased steadily from 2018 into 2019, followed by a decline during 2020 and 2021, a modest recovery in 2022, and a stabilization into early 2023, indicating cyclical changes in the company’s overall obligations in response to economic and operational factors.
Ordinary shares: The number of ordinary shares outstanding showed a gradual decline over the reporting periods, indicating possible share buybacks or reductions in issued shares.
Ordinary shares held in treasury: Treasury shares remained constant at a high negative value throughout the periods, suggesting a stable repurchase program maintaining treasury stock balance.
Capital in excess of par value: Capital in excess of par value displayed sporadic values with many missing data points, fluctuating without a clear trend, indicating intermittent equity transactions.
Retained earnings: Retained earnings rose steadily through 2018 and 2019, then experienced a significant decline in early 2020 corresponding likely to impacts from the economic environment followed by recovery through 2021 and 2022, before slightly decreasing again in early 2023, reflecting profitability trends and distributions.
Accumulated other comprehensive loss: This account increased in magnitude (more negative) from 2018 to late 2019, improved slightly through 2020 and early 2021, then deteriorated again by late 2022 before improving once more in early 2023, indicating fluctuations in unrealized losses or gains related to foreign currency translation, pensions, or other comprehensive items.
Total shareholders’ equity: Total shareholders’ equity closely mirrored the trends in retained earnings with a decline in 2020, recovery during 2021 and 2022, and a slight setback in early 2023, reflecting overall changes in net assets attributable to shareholders.
Noncontrolling interest: Noncontrolling interest values were relatively low and fluctuated moderately without a clear directional trend, implying minor ownership stakes and related impacts on equity.
Total equity: Total equity followed similar patterns as total shareholders’ equity, declining significantly in 2020, gradually recovering through 2021 and 2022, and stabilizing toward the end of the period, illustrating the overall changes in net worth including noncontrolling interests.
Total liabilities and equity: Total liabilities and equity remained relatively stable in the vicinity of 18 billion US dollars across all periods, reflecting consistent total capitalization and funding levels despite internal fluctuations between liabilities and equity components.

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Trane Technologies plc (NYSE:TT)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data