v3.25.2
Equity
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Equity EQUITY
The changes in the components of Equity for the six months ended June 30, 2025, were as follows:
Allegion plc shareholders' equity
Ordinary shares
In millions, except per share amountsTotal equityAmountSharesCapital in excess of par valueRetained earningsAccumulated other comprehensive loss
Balance at December 31, 2024$1,500.7 $0.9 86.3 $— $1,831.4 $(331.6)
Net earnings148.2 — — — 148.2 — 
Other comprehensive income, net 36.6 — — — — 36.6 
Repurchase of ordinary shares(40.0)— (0.3)(5.4)(34.6)— 
Share-based compensation activity5.4 — 0.1 5.4 — — 
Dividends to ordinary shareholders ($0.51 per share)
(44.0)— — — (44.0)— 
Balance at March 31, 20251,606.9 0.9 86.1 — 1,901.0 (295.0)
Net earnings159.7 — — — 159.7 — 
Other comprehensive income (loss), net90.7 — — — — 90.7 
Repurchase of ordinary shares(40.0)— (0.3)(13.0)(27.0)— 
Share-based compensation activity13.0 — — 13.0 — — 
Dividends to ordinary shareholders ($0.51 per share)
(43.8)— — — (43.8)— 
Balance at June 30, 2025$1,786.5 $0.9 85.8 $— $1,989.9 $(204.3)
The changes in the components of Equity for the six months ended June 30, 2024, were as follows:
Allegion plc shareholders' equity
Ordinary shares
In millions, except per share amountsTotal equityAmount
Shares
Capital in excess of par valueRetained earningsAccumulated other comprehensive loss
Balance at December 31, 2023$1,318.3 $0.9 87.5 $1,578.9 $(261.5)
Net earnings123.8 — — — 123.8 — 
Other comprehensive loss, net
(24.0)— — — — (24.0)
Repurchase of ordinary shares(40.0)— (0.3)(14.8)(25.2)— 
Share-based compensation activity14.8 — 0.2 14.8 — — 
Dividends to ordinary shareholders ($0.48 per share)
(42.0)— — — (42.0)— 
Balance at March 31, 20241,350.9 0.9 87.4 — 1,635.5 (285.5)
Net earnings155.4 — — — 155.4 — 
Other comprehensive income, net(5.1)— — — — (5.1)
Repurchase of ordinary shares(40.0)(0.3)(4.1)(35.9)— 
Share-based compensation activity5.9 — — 5.9 — — 
Dividends to ordinary shareholders ($0.48 per share)
(41.8)— — — (41.8)— 
Balance at June 30, 2024$1,425.3 $0.9 87.1 $1.8 $1,713.2 $(290.6)
In June 2023, the Company’s Board of Directors (the "Board") reauthorized the Company's existing share repurchase program and, as a result, authorized the repurchase of up to, and including, $500.0 million of the Company’s ordinary shares (the "Share Repurchase Authorization"). During the six months ended June 30, 2025 the Company paid $80.0 million to repurchase the ordinary shares reflected above on the open market under the Share Repurchase Authorization. As of June 30, 2025, the Company had approximately $160.0 million available under the Share Repurchase Authorization.
Accumulated Other Comprehensive Loss
The changes in Accumulated other comprehensive loss for the six months ended June 30, 2025, were as follows:
In millionsCash flow hedgesDefined benefit itemsForeign currency itemsTotal
December 31, 2024$6.9 $(123.1)$(215.4)$(331.6)
Other comprehensive income (loss) before reclassifications(1.7)(9.4)135.9 124.8 
Amounts reclassified from accumulated other comprehensive loss(a)
(1.2)2.4 — 1.2 
Tax benefit0.7 0.6 — 1.3 
June 30, 2025$4.7 $(129.5)$(79.5)$(204.3)
The primary change in Accumulated other comprehensive loss for the three months ended June 30, 2025 was Other comprehensive income from Foreign currency items of $96.8 million.
The changes in Accumulated other comprehensive loss for the six months ended June 30, 2024, were as follows:
In millionsCash flow hedgesDefined benefit itemsForeign currency itemsTotal
December 31, 2023$5.6 $(125.9)$(141.2)$(261.5)
Other comprehensive (loss) income before reclassifications0.9 0.8 (32.5)(30.8)
Amounts reclassified from accumulated other comprehensive loss(a)
(0.3)2.3 — 2.0 
Tax expense(0.2)(0.1)— (0.3)
June 30, 2024$6.0 $(122.9)$(173.7)$(290.6)
The primary change in Accumulated other comprehensive loss for the three months ended June 30, 2024 was Other comprehensive loss from Foreign currency items of $6.2 million.

(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 defined benefit items are recorded in Other income, net.