Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	2,091,600)	1,787,300)	1,520,200)	1,809,200)	1,705,300)
Accrued compensation and benefits	541,200)	544,800)	451,100)	549,200)	531,600)
Accrued expenses and other current liabilities	2,006,000)	2,069,900)	1,592,000)	1,853,000)	1,728,200)
Short-term borrowings and current maturities of long-term debt	1,048,000)	350,400)	775,600)	650,500)	350,600)
Current liabilities	5,686,800)	4,752,400)	4,338,900)	4,861,900)	4,315,700)
Long-term debt,excluding current maturities	3,788,300)	4,491,700)	4,496,500)	4,922,900)	3,740,700)
Postemployment and other benefit liabilities	667,000)	810,900)	1,024,600)	1,221,900)	1,192,900)
Deferred and noncurrent income taxes	680,100)	581,500)	578,500)	682,000)	538,400)
Other noncurrent liabilities	1,154,200)	1,150,200)	1,291,100)	1,491,200)	1,062,400)
Noncurrent liabilities	6,289,600)	7,034,300)	7,390,700)	8,318,000)	6,534,400)
Total liabilities	11,976,400)	11,786,700)	11,729,600)	13,179,900)	10,850,100)
Ordinary shares, $1.00 par value	253,300)	259,700)	263,300)	262,800)	266,400)
Ordinary shares held in treasury, at cost	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)
Retained earnings	8,320,900)	8,353,200)	8,495,300)	9,730,800)	9,439,800)
Accumulated other comprehensive loss	(766,200)	(637,600)	(631,500)	(1,006,600)	(964,100)
Total Trane Technologies plc shareholders’ equity	6,088,600)	6,255,900)	6,407,700)	7,267,600)	7,022,700)
Noncontrolling interest	16,600)	17,200)	19,400)	44,800)	42,100)
Total equity	6,105,200)	6,273,100)	6,427,100)	7,312,400)	7,064,800)
Total liabilities and equity	18,081,600)	18,059,800)	18,156,700)	20,492,300)	17,914,900)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Trane Technologies plc current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Trane Technologies plc noncurrent liabilities decreased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Trane Technologies plc total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total Trane Technologies plc shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Trane Technologies plc total Trane Technologies plc shareholders’ equity decreased from 2020 to 2021 and from 2021 to 2022.

Trane Technologies plc (NYSE:TT)

Balance Sheet: Liabilities and Stockholders’ Equity