Trane Technologies (TT) Risk Factor Changes

The taxes associated with our operations and corporate structure could be impacted by changes in tax or other laws, treaties or regulations or the interpretation or enforcement thereof by the U.S.

The skills, experience, industry knowledge, and relationships built by our employees significantly benefit our operations and performance.

We have previously announced certain defined sustainability commitments with a goal of achieving these commitments by 2030.

Our reputation, ability to do business and results of operations could be impaired by improper conduct by any of our employees, agents, business partners, or other third parties.

The regulatory environment surrounding data privacy and protection is increasingly demanding, with the frequent imposition of new and changing requirements across businesses and geographic areas.

Our information technology systems, networks, connected services, and infrastructure and technology, including artificial intelligence (AI) technology, embedded in certain of our control products have been and are at…

We rely extensively on information technology systems, some of which are supported by third party vendors including cloud-based systems and managed service providers, to manage and operate our business.

The ability of Aldrich and Murray to successfully reorganize and resolve their asbestos liabilities will depend on various factors, including their ability to reach agreements with representatives of the asbestos clai…

•the decisions of the Bankruptcy Court relating to numerous substantive and procedural aspects of the Chapter 11 cases, and other efforts by Aldrich and Murray to diligently prosecute the Chapter 11 cases and ultimate…

•the actions of representatives of the asbestos claimants, including the ACC's pursuit of certain causes of action against us, and other potential actions by the ACC in opposition to, or otherwise inconsistent with, t…

We and certain of our subsidiaries are currently and may in the future become involved in legal and regulatory proceedings and disputes incidental to the operation of our business or the business operations of previou…

The extent to which a pandemic, epidemic, or other widespread outbreaks of infectious disease or other public health crises, including a resurgence of any previously identified outbreaks of infectious diseases, may im…

The full extent to which public health crises will affect us will depend on future developments that are highly uncertain and cannot be accurately predicted.

Changes in governmental policies on foreign trade, geopolitical tensions, and trade disputes can disrupt supply chains and increase the cost of our products.

We have operations throughout the world that manufacture and sell products in various international markets.

We must efficiently and effectively innovate, develop and commercialize new and enhanced products and services in a rapidly changing technological and business environment in order to remain competitive in our current…

The markets that we serve are highly competitive.

Volatility in the prices of commodities and third-party parts and components or the impact of inflationary increases could increase the costs of our products and services.

•national and international conflict, including war, civil disturbances and terrorist acts or the threat thereof; and

Our global operations are dependent upon products manufactured, purchased and sold in the U.S.

On the Distribution Date, we have received an opinion from Paul Weiss, and Ingersoll Rand received an opinion from their counsel Simpson Thacher & Bartlett LLP, substantially to the effect that the merger will qualify…

If the merger does not qualify as a tax-free reorganization under Section 368(a) of the Code, the Spin-off Shareholders may be required to pay substantial U.S.

The Distribution will be taxable to the Company pursuant to Section 355(e) of the Code if there is a 50% or greater change in ownership of either the Company or Ingersoll Rand Industrial, directly or indirectly (inclu…

At the time of the Distribution, we received an opinion from our U.S.

If the Distribution together with certain related transactions do not qualify as tax-free under Sections 355 and 368(a) of the Internal Revenue Code, including as a result of subsequent acquisitions of stock of the Co…

Distribution, and there could be a material adverse impact on our business, financial condition, results of operations and cash flows in future reporting periods.

We received an opinion from Irish Revenue regarding certain tax matters associated with the Distribution, as well as a legal opinion from our Irish counsel Arthur Cox LLP, regarding certain Irish tax consequences of t…

If the Distribution as part of our Reverse Morris Trust Transaction is determined to be taxable for Irish tax purposes, significant Irish tax liabilities may arise for the Spin-off Shareholders.

On February 29, 2020 (Distribution Date), we completed our Reverse Morris Trust transaction (the Transaction) with Gardner Denver Holdings, Inc.

Risks Related to our Reverse Morris Trust Transaction

Any acquisitions, divestitures, joint ventures or investments may ultimately harm our business, financial condition, results of operations and cash flows.

pace with continuous development in information processing technology, our ability to manage our operations could be impaired, which could have a material adverse impact on our results of operations, financial conditi…

•the decisions of the appellate courts regarding any orders of the Bankruptcy Court or the District Court that may be appealed, including the Bankruptcy Court's order dated December 28, 2023 denying the motions to dis…

The extent to which a pandemic, epidemic, or other widespread outbreaks of infectious disease or other public health crises, including a resurgence of any previously identified outbreaks of infectious diseases, may im…

Any acquisitions, divestitures, joint ventures or investments may ultimately harm our business, financial condition, results of operations, cash flows, and/or our stock price.

Failure to achieve our sustainability commitments, address stakeholder expectations related to sustainability, or meet evolving legal requirements related to sustainability could harm our reputation, business operatio…

•the decisions of the appellate courts regarding any orders of the Bankruptcy Court or the District Court that may be appealed;

prices.