Equity

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Shareholders' Equity

EQUITY

Ordinary Shares

The changes in Ordinary shares for the year ended December 31, 2021 were as follows:

In millions	Total
December 31, 2020	91.2
Shares issued under incentive plans	0.3
Repurchase of ordinary shares	(3.3)
December 31, 2021	88.2

Allegion had 400.0 million ordinary shares authorized and 10.0 million $0.001 par value preferred shares authorized (with none outstanding) at December 31, 2021.

In February 2020, the Company's Board of Directors approved a share repurchase authorization of up to, and including, $800 million of the Company's ordinary shares (the "2020 Share Repurchase Authorization"). The 2020 Share Repurchase Authorization does not have a prescribed expiration date. During the year ended December 31, 2021, the Company paid $412.8 million to repurchase 3.3 million ordinary shares on the open market under the 2020 Share Repurchase Authorization. As of December 31, 2021, the Company has approximately $201.4 million still available to be repurchased under the 2020 Share Repurchase Authorization.

Accumulated Other Comprehensive Loss

The changes in Accumulated other comprehensive loss were as follows:

In millions	Cash flow hedges		Pension and OPEB items		Foreign currency items		Total
December 31, 2018	$	6.1	$	(123.2)	$	(106.4)	$	(223.5)
Other comprehensive (loss) income, net of tax(a)	(5.6)		(3.0)		13.5		4.9
December 31, 2019	0.5		(126.2)		(92.9)		(218.6)
Other comprehensive (loss) income, net of tax(b)	(1.4)		5.9		57.0		61.5
December 31, 2020	(0.9)		(120.3)		(35.9)		(157.1)
Other comprehensive income (loss), net of tax	1.8		24.3		(63.4)		(37.3)
December 31, 2021	$	0.9	$	(96.0)	$	(99.3)	$	(194.4)

(a)During 2019, the Company reclassified $26.2 million of accumulated foreign currency translation adjustments to earnings upon the sale of the Company's business operations in Colombia and Turkey, which is included in Foreign currency items in the table above. See Note 8 for further information on these divestitures.

(b)During 2020, the Company reclassified $12.8 million of accumulated foreign currency translation adjustments to earnings upon the liquidation of two legal entities in the Company's former EMEA segment, which is included in Foreign currency items in the table above.

All amounts of Other comprehensive income (loss), net attributable to noncontrolling interests on the Consolidated Statements of Equity relate to foreign currency items.