Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 503.9	$ 480.4
Accounts and notes receivable, net	307.4	321.8
Inventories	345.7	283.1
Other current assets	45.4	53.9
Assets held for sale	0.0	5.8
Total current assets	1,202.4	1,145.0
Property, plant and equipment, net	278.6	294.9
Goodwill	808.7	819.0
Intangible assets, net	459.8	487.1
Other noncurrent assets	367.2	323.4
Total assets	3,116.7	3,069.4
LIABILITIES AND EQUITY
Accounts payable	212.4	220.4
Accrued expenses and other current liabilities	343.1	293.7
Short-term borrowings and current maturities of long-term debt	238.4	0.2
Liabilities held for sale	0.0	7.2
Total current liabilities	793.9	521.5
Long-term debt	1,192.5	1,429.4
Other noncurrent liabilities	262.7	285.9
Total liabilities	2,249.1	2,236.8
Equity:
Ordinary shares, $0.01 par value (89,695,508 and 91,212,741 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively)	0.9	0.9
Capital in excess of par value	2.8	0.0
Retained earnings	1,061.5	985.6
Accumulated other comprehensive loss	(201.0)	(157.1)
Total Allegion plc shareholders’ equity	864.2	829.4
Noncontrolling interests	3.4	3.2
Total equity	867.6	832.6
Total liabilities and equity	$ 3,116.7	$ 3,069.4

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).