filings.toolsItem 6. SELECTED FINANCIAL DATA (1)
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Item 6. SELECTED FINANCIAL DATA (1)
In millions, except per share amounts:
| As of and for the years ended December 31, | 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||||||||||||||||||||||
| Net revenues | $ | 2,719.9 | $ | 2,854.0 | $ | 2,731.7 | $ | 2,408.2 | $ | 2,238.0 | |||||||||||||||||||||||||
| Net earnings attributable to Allegion plc ordinary shareholders | 314.3 | (a) | 401.8 | (b) | 434.9 | (c) | 273.3 | (d) | 229.1 | (e) | |||||||||||||||||||||||||
| Total assets | 3,069.4 | 2,967.2 | 2,810.2 | 2,542.0 | 2,247.4 | ||||||||||||||||||||||||||||||
| Total debt | 1,429.6 | 1,427.7 | 1,444.8 | 1,477.3 | 1,463.8 | ||||||||||||||||||||||||||||||
| Total Allegion plc shareholders’ equity | 829.4 | 757.4 | 651.0 | 401.6 | 113.3 | ||||||||||||||||||||||||||||||
| Earnings per share attributable to Allegion plc ordinary shareholders: | |||||||||||||||||||||||||||||||||||
| Basic: | $ | 3.41 | $ | 4.29 | $ | 4.58 | $ | 2.87 | $ | 2.39 | |||||||||||||||||||||||||
| Diluted: | $ | 3.39 | $ | 4.26 | $ | 4.54 | $ | 2.85 | $ | 2.36 | |||||||||||||||||||||||||
| Dividends declared per ordinary share | $ | 1.28 | $ | 1.08 | $ | 0.84 | $ | 0.64 | $ | 0.48 |
(a)Net earnings for the year ended December 31, 2020, includes goodwill and intangible asset impairment charges of $99.0 million (net of tax), predominantly related to the economic challenges stemming from the ongoing COVID-19 pandemic and the expected impacts on the future cash flows in our EMEA and Asia Pacific segments, as well as a $37.9 million loss on assets held for sale at December 31, 2020 related to our Qatar Metal Industries ("QMI") business.
(b)Net earnings for the year ended December 31, 2019, includes a $31.4 million (net of tax) loss related to the divestitures of our business operations in Colombia and Turkey.
(c)Net earnings for the year ended December 31, 2018, includes a $21.9 million tax benefit related to an adjustment to the provisional amounts previously recognized related to the enactment of the 2017 U.S. Tax Cuts and Jobs Act (the "Tax Reform Act").
(d)Net earnings for the year ended December 31, 2017, includes $44.7 million of costs related to the refinancing of our credit facilities and senior notes and a net tax charge of $53.5 million related to the Tax Reform Act.
(e)Net earnings for the year ended December 31, 2016, includes $84.4 million of losses related to our previously divested Systems Integration business.
(1) The Company has not restated 2016 - 2017 for the impact of the adoption of ASC Topic 606, "Revenue from Contracts with Customers" ("ASC 606") as of January 1, 2018, nor has the Company restated the Total assets for 2016 - 2018 for the impact of the adoption of ASC Topic 842, "Leases" as of January 1, 2019. The impact of excluding these standards in prior period presentation is not material.
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