Risk Sleuth
TT · 10-K filed 5 Feb 2026 · year to 31 Dec 2025

Trane Technologies

29 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Suppliers

Sole or limited source suppliers

depends onnamed as a risk
Some of our purchases are from sole or limited source suppliers for reasons of cost effectiveness, regulatory requirements, uniqueness of design, or product quality.Risk factors (Item 1A)

Also named by DHR, VLTO

Other companies

Euro

exposed to its price · approximately $180 millionnamed as a risk
A hypothetical 10% unfavorable change in the average exchange rate used to translate Net revenues for the year ended December 31, 2025 from either Euros or Chinese Yuan-based operations into U.S. dollars would result in a decline of approximately $180 million and $50 million, respectively.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Chinese Yuan

exposed to its price · $50 millionnamed as a risk
Our largest concentration of revenues from non-U.S. operations as of December 31, 2025 are in Euros and Chinese Yuan.Market risk (Item 7A)

Also named by ABT, ASO, BEN, CHRW, CROX, CYRX, DORM, ESI and 13 more

Places

United States

concentrated in · Approximately 75% of our net revenues in 2025named as a risk
Approximately 75% of our net revenues in 2025 were derived inside the U.S., and we sold products in approximately 100 countries.Risk factors (Item 1A)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Asia Pacific

earns from · $1,351.0 million
This segment had 2025 net revenues of $1,351.0 million.Business (Item 1)

Also named by AIG, AVY, BLK, BNY, CCK, CL, COHR, DCI and 17 more

Americas

earns from · $17,168.8 million
This segment had 2025 net revenues of $17,168.8 million.Business (Item 1)

Also named by BLK, CYRX, DELL, EMR, FDS, FICO, GGG, GS and 6 more

Europe, Middle East and Africa (EMEA)

earns from · $2,802.1 million
This segment had 2025 net revenues of $2,802.1 million.Business (Item 1)

Also named by BALL, DCI, GGG

Ireland

operates innamed as a risk
On December 18, 2023, Ireland (our parent company jurisdiction) enacted laws related to this minimum tax, effective January 1, 2024.Risk factors (Item 1A)

Also named by AAPL, ACN, ADI, AGX, BEN, CDNS, CELH, COR and 13 more

Hazards

Russia-Ukraine war

named as a risk
Although neither the Russia-Ukraine conflict nor the Middle East conflicts have, to date, caused any material adverse effect on our business or financial performance, until there are peaceful resolutions, these conflicts could have a material adverse effect on our operations, results of operations, financial condition, liquidity, growth prospects and business outlook.Risk factors (Item 1A)

Also named by ADSK, ATR, AVAV, CSCO, CTVA, EMR, FIS, FLO and 21 more

Europe energy shortages

operates innamed as a risk
Risks associated with world geopolitical conflicts that have arisen or could arise in the future, include, but are not limited to, adverse effects on political developments and on general economic conditions, including inflation and consumer spending; disruptions to our supply chains; disruptions to our information systems, including through network failures, malicious or disruptive software, or cyberattacks; trade disruptions; additional tariffs; energy shortages or rationing that may adversely impact our manufacturing facilities and consumer spending, particularly in Europe; rising fuel and/or rising costs of producing, procuring and shipping our products; our exposure to foreign currency exchange rate fluctuations; and constraints, volatility or disruption in the financial markets.Risk factors (Item 1A)

Weather seasonality (U.S. summer cooling season)

named as a risk
Therefore, results of any quarterly period may not be indicative of expected results for a full year and unusual weather patterns or events could positively or negatively affect certain segments of our business and impact overall results of operations.Business (Item 1)

Commodities and inputs

Steel

exposed to its pricenamed as a risk
We rely on suppliers to secure commodities, particularly steel and non-ferrous metals, and third-party parts and components, including electronic components, required for the manufacture of our products.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Electronic components

depends onnamed as a risk
Disruptions have previously occurred and may occur in the future due to public health crises, natural disasters, regulatory changes, geopolitical events, electronic component shortages, supplier capacity constraints, labor shortages, port congestion, logistical problems, political unrest, and other issues.Risk factors (Item 1A)

Also named by GGG, HUBB, JOUT, LECO, MSA, NVT, ROK, SNA and 4 more

Refrigerants

depends onnamed as a risk
Refrigerants are essential to many of our products and there is concern regarding the global warming potential of such materials.Risk factors (Item 1A)

Also named by MOD

Copper

exposed to its price
For components we manufacture, we are required to source a wide variety of commodities such as steel, copper, and aluminum.Business (Item 1)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Aluminum

exposed to its price
For components we manufacture, we are required to source a wide variety of commodities such as steel, copper, and aluminum.Business (Item 1)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Regulators

U.S. Environmental Protection Agency (EPA)

subject tonamed as a risk
We are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state and international authorities.Business (Item 1)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

European Commission State Aid investigations

subject tonamed as a risk
In addition to the above, the European Commission has been very active in investigating whether various tax regimes or private tax rulings provided by a country to particular taxpayers may constitute State Aid.Risk factors (Item 1A)

Also named by ACN

U.S. Bankruptcy Court for the Western District of North Carolina

subject tonamed as a risk
In June 2020, our indirect wholly-owned subsidiaries Aldrich Pump LLC (Aldrich) and Murray Boiler LLC (Murray) each filed a voluntary petition for reorganization under Chapter 11 of Title 11 of the United States Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Western District of North Carolina in Charlotte (the Bankruptcy Court).Business (Item 1)

Laws and programs

OECD Pillar Two global minimum tax

subject to · proposed 15% minimum tax ratenamed as a risk
Our effective tax rate has been adversely impacted by these changes; we continue to monitor the effects of proposed and enacted legislative changes, in Ireland and elsewhere.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more

Irish dividend withholding tax

subject to · 25%named as a risk
In certain circumstances, we are required to deduct Irish dividend withholding tax (currently at the rate of 25%) from dividends paid to our shareholders.Risk factors (Item 1A)

U.S. tariffs

subject tonamed as a risk
The U.S. continues to implement certain trade actions, including imposing tariffs on certain goods imported from several countries, which has resulted in retaliatory tariffs by other countries.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk
We are required to comply with complex regulations when collecting, transferring and using personal data, including the E.U. Global Data Protection Regulation (GDPR), the various state privacy laws, and other regulatory requirements.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

Superfund

subject tonamed as a risk
We have also been identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites.Business (Item 1)

Also named by ABBV, ABT, AMD, CRS, ED, FLS, IR, KVUE and 4 more

One Big Beautiful Bill Act of 2025 (OBBBA)

subject tonamed as a risk
Even after legislation is enacted, further guidance, regulations and technical corrections pertaining to the legislation continue to be issued by the tax authorities, some of which may have retroactive application (including regulations and other guidance promulgated under the One Big Beautiful Bill Act of 2025 (OBBBA)).Risk factors (Item 1A)

Also named by COO, FSLR, MRVL, NXT, PVLA, WDC

Aldrich Pump LLC and Murray Boiler LLC Chapter 11 asbestos cases

subject tonamed as a risk
In sum, the outcome of the Chapter 11 cases is uncertain and there is uncertainty as to what extent we may have to contribute to a section 524(g) trust under the Funding Agreements.Risk factors (Item 1A)

Refrigerant phase-down regulations

subject tonamed as a risk
Some of these regulations could have a negative competitive impact on our company by requiring us to make costly changes to our products, or could make some of our existing HVAC and refrigeration products non-compliant or obsolete.Risk factors (Item 1A)

Irish Companies Act

subject tonamed as a risk
As an Irish company, we are governed by the Irish Companies Act, which differs in some material respects from laws generally applicable to U.S. corporations and shareholders, including, among others, differences relating to interested director and officer transactions, indemnification of directors and shareholder lawsuits.Risk factors (Item 1A)

U.S. government contract restrictions on inverted companies

subject tonamed as a risk
The U.S. federal government and various states and municipalities have enacted or may enact legislation intended to deny government contracts to U.S. companies that reincorporate outside of the U.S. or have reincorporated outside of the U.S or may take other actions negatively impacting such companies.Risk factors (Item 1A)