Trane Technologies Files 2023 10-K, Details Senior Notes
Ticker: TT · Form: 10-K · Filed: 2024-02-08T00:00:00.000Z
Sentiment: neutral
Topics: earnings, debt, annual-report
TL;DR
**Trane Technologies' 2023 10-K is out, showing financial details including 5.25% Senior Notes due 2033.**
AI Summary
Trane Technologies plc filed its 10-K on February 8, 2024, for the fiscal year ending December 31, 2023. This filing indicates the company's financial health and operational activities, including details about its common stock and senior notes. For investors, this matters because it provides a transparent look into the company's performance and financial obligations, such as the 5.25% Senior Notes due 2033, which can influence future stock valuation and dividend potential.
Why It Matters
This filing offers a comprehensive overview of Trane Technologies' financial position and performance for 2023, crucial for investors to assess the company's stability and growth prospects.
Risk Assessment
Risk Level: medium — The presence of senior notes indicates debt obligations, which, while common, add a layer of financial risk depending on the company's ability to service them.
Analyst Insight
Investors should review the full 10-K to understand the detailed financial statements and management's discussion and analysis, particularly regarding the company's debt structure and operational performance for 2023, before making investment decisions.
Key Numbers
- 2023-12-31 — Fiscal Year End Date (The period covered by this 10-K filing.)
- 001-34400 — SEC File Number (Unique identifier for Trane Technologies' filings with the SEC.)
- 5.25% — Interest Rate (The annual interest rate on Trane Technologies' Senior Notes due in 2033.)
Key Players & Entities
- Trane Technologies plc (company) — the filer of the 10-K
- David S. Regnery (person) — mentioned in relation to the filing period
- Christopher J. Kuehn (person) — mentioned in relation to the filing period
- 5.25% (dollar_amount) — interest rate on Senior Notes due 2033
- 2033 (date) — maturity year for Senior Notes
Forward-Looking Statements
- Trane Technologies will continue to manage its debt obligations, including the 5.25% Senior Notes due 2033, effectively. (Trane Technologies plc) — medium confidence, target: 2025-12-31
FAQ
What is the fiscal year-end date covered by this 10-K filing for Trane Technologies plc?
The fiscal year-end date covered by this 10-K filing for Trane Technologies plc is December 31, 2023, as indicated by 'CONFORMED PERIOD OF REPORT: 20231231'.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 8, 2024, as indicated by 'FILED AS OF DATE: 20240208'.
What is the interest rate and maturity year of the Senior Notes mentioned in the filing?
The filing mentions 'FivePointTwentyFivePercentSeniorNotesDueTwoThousandThirtyThreeMember', indicating an interest rate of 5.25% and a maturity year of 2033.
What was Trane Technologies plc's former company name and when did it change?
Trane Technologies plc's former company name was Ingersoll-Rand plc, and the name change occurred on June 12, 2009, as stated by 'FORMER CONFORMED NAME: Ingersoll-Rand plc DATE OF NAME CHANGE: 20090612'.
Who are David S. Regnery and Christopher J. Kuehn, as mentioned in the filing?
David S. Regnery and Christopher J. Kuehn are individuals mentioned in the filing in relation to the period from October 1, 2023, to December 31, 2023, and as of December 31, 2023, suggesting they are key personnel or have significant roles within Trane Technologies plc.
From the Filing
0001466258-24-000047.txt : 20240208 0001466258-24-000047.hdr.sgml : 20240208 20240208105917 ACCESSION NUMBER: 0001466258-24-000047 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 157 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Trane Technologies plc CENTRAL INDEX KEY: 0001466258 STANDARD INDUSTRIAL CLASSIFICATION: AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT [3822] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34400 FILM NUMBER: 24607574 BUSINESS ADDRESS: STREET 1: 170/175 LAKEVIEW DRIVE STREET 2: AIRSIDE BUSINESS PARK, SWORDS, CITY: CO. DUBLIN STATE: L2 ZIP: 00000 BUSINESS PHONE: 732-652-7000 MAIL ADDRESS: STREET 1: C/O TRANE TECHNOLOGIES STREET 2: 800-E BEATY STREET CITY: DAVIDSON STATE: NC ZIP: 28036 FORMER COMPANY: FORMER CONFORMED NAME: Ingersoll-Rand plc DATE OF NAME CHANGE: 20090612 10-K 1 tt-20231231.htm 10-K tt-20231231 0001466258 2023 FY FALSE 00000 http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#MeasurementInputDiscountRateMember http://fasb.org/us-gaap/2023#MeasurementInputPriceVolatilityMember http://fasb.org/us-gaap/2023#MeasurementInputDiscountRateMember http://fasb.org/us-gaap/2023#MeasurementInputDiscountRateMember http://fasb.org/us-gaap/2023#MeasurementInputPriceVolatilityMember http://fasb.org/us-gaap/2023#MeasurementInputPriceVolatilityMember http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 0001466258 2023-01-01 2023-12-31 0001466258 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001466258 tt:FivePointTwentyFivePercentSeniorNotesDueTwoThousandThirtyThreeMember 2023-01-01 2023-12-31 0001466258 2023-06-30 iso4217:USD 0001466258 2024-02-02 xbrli:shares 0001466258 tt:A2022AuthorizationDomain 2022-02-01 0001466258 tt:A2022AuthorizationDomain 2023-10-01 2023-12-31 0001466258 tt:A2022AuthorizationDomain 2023-12-31 0001466258 2023-10-01 2023-12-31 0001466258 tt:DavidSRegneryMember 2023-10-01 2023-12-31 0001466258 tt:DavidSRegneryMember 2023-12-31 0001466258 tt:ChristopherJKuehnMember 2023-10-01 2023-12-31 0001466258 tt:ChristopherJKuehnMember 2023-12-31 0001466258 tt:MTAMember 2023-05-02 2023-05-02 0001466258 tt:MTAMember 2023-05-02 0001466258 tt:HelmerAcquisitionMember 2023-05-12 2023-05-12 0001466258 tt:HelmerAcquisitionMember 2023-05-12 0001466258 2023-11-02 2023-11-02 0001466258 tt:NuvoloMember 2023-11-02 2023-11-02 0001466258 tt:NuvoloMember 2023-11-02 0001466258 us-gaap:ProductMember 2023-01-01 2023-12-31 0001466258 us-gaap:ProductMember 2022-01-01 2022-12-31 0001466258 us-gaap:ProductMember 2021-01-01 2021-12-31 0001466258 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001466258 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001466258 us-gaap:ServiceMember 2021-01-01 2021-12-31 0001466258 2022-01-01 2022-12-31 0001466258 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001466258 2023-12-31 0001466258 2022-12-31 0001466258 2020-12-31 0001466258 us-gaap:CommonStockMember 2020-12-31 0001466258 us-gaap:TreasuryStockCommonMember 2020-12-31 0001466258 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001466258 us-gaap:RetainedEarnings