Allegion plc
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
ALLE$189.49-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
In millions, except per share amounts
| For the years ended December 31, | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net revenues | $3,650.8 | $3,271.9 | $2,867.4 |
| Cost of goods sold | 2,069.3 | 1,949.5 | 1,662.5 |
| Selling and administrative expenses | 865.6 | 736.0 | 674.7 |
| Impairment of intangible assets | 7.5 | — | — |
| Operating income | 708.4 | 586.4 | 530.2 |
| Interest expense | 93.1 | 75.9 | 50.2 |
| Loss on divestitures | — | 7.6 | — |
| Other income, net | (1.9) | (11.6) | (44.0) |
| Earnings before income taxes | 617.2 | 514.5 | 524.0 |
| Provision for income taxes | 76.6 | 56.2 | 40.7 |
| Net earnings | 540.6 | 458.3 | 483.3 |
| Less: Net earnings attributable to noncontrolling interests | 0.2 | 0.3 | 0.3 |
| Net earnings attributable to Allegion plc | $540.4 | $458.0 | $483.0 |
| Amounts attributable to Allegion plc ordinary shareholders: | |||
| Earnings per share attributable to Allegion plc ordinary shareholders: | |||
| Basic net earnings: | $6.15 | $5.20 | $5.37 |
| Diluted net earnings: | $6.12 | $5.19 | $5.34 |
| Net earnings | $540.6 | $458.3 | $483.3 |
| Other comprehensive income (loss), net of tax: | |||
| Currency translation | 33.6 | (76.2) | (63.3) |
| Cash flow hedges: | |||
| Unrealized net gains arising during period | 0.4 | 5.7 | 2.6 |
| Net gains reclassified into earnings | (1.4) | (0.3) | (0.2) |
| Tax benefit (expense) | 0.5 | (0.2) | (0.6) |
| Total cash flow hedges, net of tax | (0.5) | 5.2 | 1.8 |
| Defined benefit plan adjustments: | |||
| Prior service (costs) gains and net actuarial (losses) gains, net | (9.4) | (38.7) | 25.7 |
| Amortization reclassified into earnings | 4.1 | 0.5 | 4.8 |
| Settlements/curtailments reclassified into earnings | 0.4 | — | 0.5 |
| Currency translation and other | (5.4) | 7.7 | 1.0 |
| Tax benefit (expense) | 1.5 | 9.4 | (7.7) |
| Total defined benefit plan adjustments, net of tax | (8.8) | (21.1) | 24.3 |
| Other comprehensive income (loss), net of tax | 24.3 | (92.1) | (37.2) |
| Total comprehensive income, net of tax | 564.9 | 366.2 | 446.1 |
| Less: Total comprehensive (loss) income attributable to noncontrolling interests | 0.2 | (0.4) | 0.4 |
| Total comprehensive income attributable to Allegion plc | $564.7 | $366.6 | $445.7 |
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