Rendering

Component: (Network and Table)
Network
2322301 - Disclosure - Income Taxes (Tables)
(http://www.allegion.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Expense (Benefit), Continuing Operations [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Expense (Benefit), Continuing Operations [Abstract]
 
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions:
In millions
 
2016
 
2015
 
2014
United States
 
$
129.9

 
$
123.1

 
$
162.2

Non-U.S.
 
165.1

 
86.2

 
105.7

Total
 
$
295.0

 
$
209.3

 
$
267.9

 
 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The components of the Provision for income taxes for the years ended December 31 were as follows:
In millions
 
2016
 
2015
 
2014
Current tax expense:
 
 
 
 
 
 
United States
 
$
43.8

 
$
53.4

 
$
52.9

Non-U.S.
 
13.8

 
3.5

 
14.1

Total:
 
57.6

 
56.9

 
67.0

Deferred tax expense (benefit):
 
 
 
 
 
 
United States
 
14.4

 
2.1

 
15.6

Non-U.S.
 
(8.2
)
 
(4.4
)
 
1.6

Total:
 
6.2

 
(2.3
)
 
17.2

Total tax expense (benefit):
 
 
 
 
 
 
United States
 
58.2

 
55.5

 
68.5

Non-U.S.
 
5.6

 
(0.9
)
 
15.7

Total
 
$
63.8

 
$
54.6

 
$
84.2

 
 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences:
 
 
Percent of pretax income
  
 
2016
 
2015
 
2014
Statutory U.S. rate
 
35.0
 %
 
35.0
 %
 
35.0
 %
Increase (decrease) in rates resulting from:
 
 
 
 
 
 
Non-U.S. tax rate differential (1)
 
(17.4
)
 
(11.1
)
 
(9.6
)
State and local income taxes (1)
 
2.0

 
2.8

 
3.0

Reserves for uncertain tax positions
 
2.0

 
(3.4
)
 
(2.1
)
Tax on unremitted earnings
 
1.2

 
1.5

 
0.3

Tax on remitted earnings
 

 

 
2.5

Venezuela devaluation
 

 
0.9

 
4.0

Production incentives
 
(0.6
)
 
(1.0
)
 
(2.4
)
Other adjustments
 
(0.6
)
 
1.4

 
0.7

Effective tax rate
 
21.6
 %
 
26.1
 %
 
31.4
 %
(1)
Net of changes in valuation allowances
 
 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
At December 31, a summary of the deferred tax accounts were as follows:
In millions
 
2016
 
2015
Deferred tax assets:
 
 
 
 
Inventory and accounts receivable
 
$
18.3

 
$
10.2

Fixed assets and intangibles
 
2.0

 
14.5

Postemployment and other benefit liabilities
 
42.0

 
65.5

Other reserves and accruals
 
16.0

 
12.7

Net operating losses, tax credits and other carryforwards
 
227.1

 
133.4

Investment and other asset basis differences
 

 
1.1

Other
 
5.3

 
6.2

Gross deferred tax assets
 
310.7

 
243.6

Less: deferred tax valuation allowances
 
(225.5
)
 
(133.3
)
Deferred tax assets net of valuation allowances
 
$
85.2

 
$
110.3

Deferred tax liabilities:
 
 
 
 
Fixed assets and intangibles
 
$
(90.6
)
 
$
(96.7
)
Unremitted earnings of foreign subsidiaries
 
(4.2
)
 
(3.9
)
Other
 
(6.0
)
 
(6.7
)
Gross deferred tax liabilities
 
(100.8
)
 
(107.3
)
Net deferred tax (liabilities) assets
 
$
(15.6
)
 
$
3.0

 
 
Summary of Tax Credit Carryforwards [Table Text Block]
At December 31, 2016, the Company had the following tax losses and tax credit carryforwards available to offset taxable income in prior and future years:
 
In millions
 
Amount
 
Expiration
Period
U.S. Federal tax loss carryforwards
 
$
15.1

 
2027 & 2028
U.S. Federal and State credit carryforwards
 
22.7

 
2024-Unlimited
U.S. State tax loss carryforwards
 
26.6

 
2017-2037
Non-U.S. tax loss carryforwards
 
$
706.2

 
2018-Unlimited
 
 
Summary of Valuation Allowance
Activity associated with the Company’s valuation allowance is as follows:
 
In millions
 
2016
 
2015
 
2014
Beginning balance
 
$
133.3

 
$
50.8

 
$
46.9

Increase to valuation allowance
 
109.0

 
82.2

 
28.0

Decrease to valuation allowance
 
(13.9
)
 
(3.0
)
 
(15.8
)
Foreign exchange translation
 
(3.3
)
 
(1.6
)
 
(1.7
)
Accumulated other comprehensive income (loss)
 
0.4

 
4.9

 
(6.6
)
Ending balance
 
$
225.5

 
$
133.3

 
$
50.8

 
 
Summary of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 
In millions
 
2016
 
2015
 
2014
Beginning balance
 
$
23.8

 
$
25.4

 
$
40.6

Additions based on tax positions related to the current year
 
9.1

 
3.9

 
3.1

Additions based on tax positions related to prior years
 
7.1

 
1.6

 
11.8

Reductions based on tax positions related to prior years
 
(5.5
)
 
(3.0
)
 
(23.9
)
Reductions related to settlements with tax authorities
 
(0.6
)
 

 
(0.7
)
Reductions related to lapses of statute of limitations
 
(0.9
)
 
(1.4
)
 
(2.7
)
Translation (gain)/loss
 
(1.0
)
 
(2.7
)
 
(2.8
)
Ending balance
 
$
32.0

 
$
23.8

 
$
25.4