Equity

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Equity

EQUITY

The changes in the components of Equity for the three months ended March 31, 2022, were as follows:

			Allegion plc shareholders' equity
			Ordinary shares
In millions, except per share amounts	Total equity		Amount		Shares	Capital in excess of par value		Retained earnings		Accumulated other comprehensive loss		Noncontrolling interests
Balance at December 31, 2021	$	762.4	$	0.9	88.2	$	—	$	952.6	$	(194.4)	$	3.3
Net earnings	93.1		—		—	—		93.0		—		0.1
Other comprehensive loss, net	(21.0)		—		—	—		—		(21.0)		—
Repurchase of ordinary shares	(61.0)		—		(0.5)	(7.5)		(53.5)		—		—
Share-based compensation activity	7.5		—		0.1	7.5		—		—		—
Dividends to ordinary shareholders ($0.41 per share)	(36.0)		—		—	—		(36.0)		—		—
Balance at March 31, 2022	$	745.0	$	0.9	87.8	$	—	$	956.1	$	(215.4)	$	3.4

The changes in the components of Equity for the three months ended March 31, 2021, were as follows:

			Allegion plc shareholders' equity
			Ordinary shares
In millions, except per share amounts	Total equity		Amount		Shares	Capital in excess of par value		Retained earnings		Accumulated other comprehensive loss		Noncontrolling interests
Balance at December 31, 2020	$	832.6	$	0.9	91.2	$	—	$	985.6	$	(157.1)	$	3.2
Net earnings	108.2		—		—	—		108.0		—		0.2
Other comprehensive loss, net	(32.0)		—		—	—		—		(32.0)		—
Repurchase of ordinary shares	(149.7)		—		(1.3)	(4.4)		(145.3)		—		—
Share-based compensation activity	4.4		—		0.1	4.4		—		—		—
Dividends to ordinary shareholders ($0.36 per share)	(32.5)		—		—	—		(32.5)		—		—
Other	—		—		—	—		0.1		—		(0.1)
Balance at March 31, 2021	$	731.0	$	0.9	90.0	$	—	$	915.9	$	(189.1)	$	3.3

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"). During the three months ended March 31, 2022 and 2021, the Company paid $61.0 million and $149.7 million, respectively, to repurchase the ordinary shares reflected in the tables above on the open market under the 2020 Share Repurchase Authorization. As of March 31, 2022, the Company has approximately $140.5 million still available to be repurchased under the 2020 Share Repurchase Authorization.

Accumulated Other Comprehensive Loss

The changes in Accumulated other comprehensive loss for the three months ended March 31, 2022, were as follows:

In millions	Cash flow hedges		Pension and OPEB items		Foreign currency items		Total
December 31, 2021	$	0.9	$	(96.0)	$	(99.3)	$	(194.4)
Other comprehensive (loss) income before reclassifications	(0.3)		2.3		(22.5)		(20.5)
Amounts reclassified from accumulated other comprehensive loss(a)	(0.4)		(0.4)		—		(0.8)
Tax benefit	0.2		0.1		—		0.3
March 31, 2022	$	0.4	$	(94.0)	$	(121.8)	$	(215.4)

The changes in Accumulated other comprehensive loss for the three months ended March 31, 2021, were as follows:

In millions	Cash flow hedges		Pension and OPEB items		Foreign currency items		Total
December 31, 2020	$	(0.9)	$	(120.3)	$	(35.9)	$	(157.1)
Other comprehensive income (loss) before reclassifications	0.7		(0.1)		(33.3)		(32.7)
Amounts reclassified from accumulated other comprehensive loss(a)	(0.3)		1.2		—		0.9
Tax expense	(0.1)		(0.1)		—		(0.2)
March 31, 2021	$	(0.6)	$	(119.3)	$	(69.2)	$	(189.1)

(a)    Amounts reclassified from Accumulated other comprehensive loss and recognized into Net earnings related to cash flow hedges are recorded in Cost of goods sold and Interest expense. Amounts reclassified from Accumulated other comprehensive loss and recognized into Net earnings related to pension and postretirement benefits other than pensions ("OPEB") items are recorded in Other income, net.