What does US — defined benefit plan fair value of plan assets mean?

The total market value of investments held to fund US pension obligations.

How do you interpret US — defined benefit plan fair value of plan assets?

An increase indicates growth in the funding pool, which generally improves the plan's funded status and reduces potential future cash contribution requirements.

How does US — defined benefit plan fair value of plan assets compare across companies?

Comparable to pension asset disclosures at other large industrial firms; the absolute value is proportional to the size and maturity of the company's pension obligations.

Allegion ALLE US — Defined Benefit Plan Fair Value Of Plan Assets

Discontinued — last reported Q4 '19

Similar metrics at other companies

HASUS — Defined Benefit Plan Fair Value Of Plan Assets

$357.22M-6.7%

PPGNon Us — Defined Benefit Plan Fair Value Of Plan Assets

$1.48B-12.4%

CFNorth America — Defined Benefit Plan Fair Value Of Plan Assets

$673M-8.8%

HASUS — Defined Benefit Plan Funded Status Of Plan

-$38.49M-19.7%

DDNon-US — Defined Benefit Plan, Plan Assets, Amount

$480M-22.8%

CFNorth America — Defined Benefit Plan Fair Value Of Plan Assets Gross

$674M-8.5%

Other financials

Income statement

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Revenue$1.0B+9.7%

Gross profit$454.5M+7.6%

Operating income$195.3M-0.6%

Net income$138.1M-6.8%

EPS (diluted)$1.59-7.0%

Balance sheet

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Cash & equivalents$308.9M-37.5%

Total debt$2.2B+3.6%

Total equity$2.1B+30.8%

Total assets$5.3B+16.4%

Cash flow

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Operating cash flow$101.3M-3.1%

CapEx$21.0M-0.5%

Free cash flow$80.3M-3.7%

Valuation

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Market cap$11.48B+11.2%

Enterprise value$13.39B+11.8%

P/E18.1×+1.5×

P/S2.8×+0.1×

Profitability

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Gross margin45%+0.5pp

Operating margin20.6%-0.4pp

Net margin15.2%-1.0pp

FCF margin16.4%-0.4pp

Returns & leverage

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Return on equity34.2%-7.9pp

Debt / equity1.1×-0.3×

Current ratio1.9×-0.3×

Where this comes from

Reported directly by Allegion in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPlanFairValueOfPlanAssets.

The official record: Allegion’s 10-K, filed February 18, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does US — defined benefit plan fair value of plan assets mean?: The total market value of investments held to fund US pension obligations.
How do you interpret US — defined benefit plan fair value of plan assets?: An increase indicates growth in the funding pool, which generally improves the plan's funded status and reduces potential future cash contribution requirements.
How does US — defined benefit plan fair value of plan assets compare across companies?: Comparable to pension asset disclosures at other large industrial firms; the absolute value is proportional to the size and maturity of the company's pension obligations.