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The next step is to calculate the cost of debt for TT. Look at the notes to the balance sheet contained in the 10-K report

The next step is to calculate the cost of debt for TT. Look at the notes to the balance sheet contained in the 10-K report that you are using. TT does not have any publicly traded bonds. However, it does have significant long-term debt in the form of notes and debentures. Using the information in the 10-K, calculate the weighted average cost of long-term debt for TT.

TT: Trane Technologies plc

Can you please help me and explain the method?

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