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Net Revenues
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Net Revenues NET REVENUES
The following tables show the Company’s Net revenues related to both tangible product sales and services for the three and nine months ended September 30, 2023 and 2022, respectively, disaggregated by business segment:
Three months ended September 30, 2023Nine months ended September 30, 2023
In millionsAllegion AmericasAllegion InternationalTotalAllegion AmericasAllegion InternationalTotal
Net revenues
Products$703.4 $167.1 $870.5 $2,090.5 $521.8 $2,612.3 
Services37.5 9.9 47.4 118.5 22.6 141.1 
Total Net revenues$740.9 $177.0 $917.9 $2,209.0 $544.4 $2,753.4 
Three months ended September 30, 2022Nine months ended September 30, 2022
In millionsAllegion AmericasAllegion InternationalTotalAllegion AmericasAllegion InternationalTotal
Net revenues
Products$709.3 $162.1 $871.4 $1,817.4 $536.1 $2,353.5 
Services32.6 9.7 42.3 33.7 23.2 56.9 
Total Net revenues$741.9 $171.8 $913.7 $1,851.1 $559.3 $2,410.4 
Net revenues are shown by tangible product sales and services, as contract terms, conditions and economic factors affecting the nature, amount, timing and uncertainty around revenue recognition and cash flows are substantially similar within each of these two principal revenue streams. Product sales involve contracts with a single performance obligation, the transfer of control of a product or bundle of products to a customer. Service revenue, which includes inspection, maintenance and repair, design and installation, aftermarket and locksmith services, as well as software-as-a-service offerings such as access control, IoT integration and workforce management solutions, is delayed until the service performance obligations are satisfied.
As of September 30, 2023, neither the contract assets related to the Company’s right to consideration for work completed but not billed, nor the contract liabilities associated with contract revenue were material. The Company does not have any costs to obtain or fulfill a contract that are capitalized on its Condensed and Consolidated Balance Sheets. During the three and nine months ended September 30, 2023 and 2022, no adjustments related to performance obligations satisfied in previous periods were recorded.