Trane Technologies plc (TT) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Trane Technologies plc surfaced in its latest filing.

• Aldrich and Murray, indirect wholly-owned subsidiaries, have each filed voluntary Chapter 11 petitions under the Bankruptcy Code in the Bankruptcy Court, and the cases remain pending as of February 5, 2026.February 5, 2026
• An agreement in principle was reached with the court-appointed legal representative of future asbestos claimants (FCR) in connection with the Aldrich and Murray Chapter 11 cases.
• The ACC has filed pleadings alleging the company is liable for asbestos-related liabilities of Aldrich and Murray.
• Ireland enacted minimum tax laws effective January 1, 2024, adversely impacting the company's effective tax rate.January 1, 2024
• The European Commission is investigating whether tax regimes or private tax rulings constitute State Aid.
• The company announced a 2030 sustainability commitment targeting reduction of one gigaton of carbon emissions from customers' footprint.2030
• The company announced a climate commitment to offer a full line of next generation products by 2030.2030
• U.S., China, UK, and EU have imposed export controls and sanctions on certain industry sectors and parties in Russia.
• A geopolitical conflict in a region where the company operates could disrupt business operations in that region.
• COVID-19 pandemic caused supply chain delays, higher material costs and product prices, and lower revenues for some quarters.
• Board has authorized a share repurchase program.