Analysis of Debt

Trane Technologies plc, balance sheet: debt

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Short-term borrowings and current maturities of long-term debt	1,048,000)	350,400)	775,600)	650,500)	350,600)
Long-term debt,excluding current maturities	3,788,300)	4,491,700)	4,496,500)	4,922,900)	3,740,700)
Total debt (carrying amount)	4,836,300)	4,842,100)	5,272,100)	5,573,400)	4,091,300)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Trane Technologies plc total debt decreased from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022
Selected Financial Data (US$ in thousands)
Total debt (fair value)	4,600,000)
Financial Ratio
Debt, fair value to carrying amount ratio	0.95

Weighted-average interest rate on debt: 4.41%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.90%	1,048,000)	51,352)
7.20%	14,900)	1,073)
3.55%	498,700)	17,704)
6.48%	149,700)	9,701)
3.50%	398,400)	13,944)
3.75%	546,800)	20,505)
3.80%	745,800)	28,340)
5.75%	495,200)	28,474)
4.65%	296,400)	13,783)
4.30%	296,400)	12,745)
4.50%	346,000)	15,570)
Total	4,836,300)	213,190)
4.41%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 213,190 ÷ 4,836,300 = 4.41%

Trane Technologies plc (NYSE:TT)