XML 70 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Reconciliation of Revenue and Operating Profit from Segments to Consolidated [Table Text Block]
RevenuesOperating Profit (Loss)
Years Ended December 31,Years Ended December 31,
(In millions)201420132012201420132012
Reportable Segments:
U.S.$ 727.8 707.5 706.7 $ 22.8 12.8 32.0
France 517.4 517.6 511.4 39.4 44.5 39.7
Mexico 388.2 423.9 395.0 9.6 26.9 17.7
Brazil 364.1 354.4 363.6 34.2 41.1 39.9
Canada 179.7 191.4 187.5 12.8 10.5 9.3
Largest 5 Markets 2,177.2 2,194.8 2,164.2 118.8 135.8 138.6
Latin America 592.4 854.2 744.4 90.6 136.2 90.0
EMEA 556.3 540.6 503.1 52.5 47.0 45.3
Asia 139.8 134.2 125.9 23.1 21.0 14.8
Global Markets 1,288.5 1,529.0 1,373.4 166.2 204.2 150.1
Payment Services 96.6 54.8 40.0 (4.9) 1.0 1.2
Total reportable segments 3,562.3 3,778.6 3,577.6 280.1 341.0 289.9
Reconciling Items:
Corporate items:
General, administrative and other expenses - - - (108.8) (116.4) (87.4)
Reconciliation of segment policies to GAAP - - - (2.3) 2.7 4.5
Other items not allocated to segments:
FX devaluation in Venezuela - - - (142.7) (14.6) -
U.S. retirement plans (see note 3) - - - (73.1) (52.9) (56.2)
2014 Reorganization and Restructuring - - - (21.8) - -
Acquisitions and dispositions - - - 49.4 5.8 14.6
Mexican settlement losses (see note 3) - - - (5.9) (2.4) (3.2)
Share-based compensation adj. (see note 17) - - - (2.4) - -
Total$ 3,562.3 3,778.6 3,577.6 $ (27.5) 163.2 162.2
Schedule of Capital Expenditures, Depreciation and Amortization by Segment [Table Text Block]
Years Ended December 31,
(In millions)201420132012
Capital Expenditures by Business Segment
U.S.$ 31.1 42.4 39.0
France 17.9 13.8 15.8
Mexico 13.3 24.5 27.4
Brazil 14.7 13.2 12.4
Canada 6.4 9.6 9.1
Largest 5 Markets 83.4 103.5 103.7
Latin America 22.4 26.8 37.3
EMEA 9.2 8.9 9.8
Asia 3.6 2.4 4.4
Global Markets 35.2 38.1 51.5
Payment Services 0.8 1.5 1.8
Segments 119.4 143.1 157.0
Corporate items 16.7 29.8 13.9
Total$ 136.1 172.9 170.9
Depreciation and Amortization by Business Segment
Depreciation and amortization of property and equipment:
U.S.$ 49.8 49.1 45.6
France 19.3 22.1 20.6
Mexico 19.6 19.2 14.3
Brazil 8.8 9.0 8.7
Canada 8.5 8.3 9.0
Largest 5 Markets 106.0 107.7 98.2
Latin America 21.9 22.5 21.1
EMEA 13.6 16.9 12.5
Asia 3.2 3.7 3.6
Global Markets 38.7 43.1 37.2
Payment Services 2.2 2.2 1.3
Segments 146.9 153.0 136.7
Corporate items 9.5 6.4 4.5
Depreciation and amortization of property and equipment 156.4 159.4 141.2
Amortization of intangible assets:
U.S. - 0.2 0.3
France 0.3 0.4 0.3
Brazil 1.4 1.7 2.1
Largest 5 Markets 1.7 2.3 2.7
Latin America 0.3 0.4 0.4
EMEA 1.1 1.2 2.3
Asia 0.9 1.0 1.1
Global Markets 2.3 2.6 3.8
Payment Services 1.5 1.5 0.7
Amortization of intangible assets 5.5 6.4 7.2
Total$ 161.9 165.8 148.4
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
December 31,
(In millions)201420132012
Assets held by Segment
U.S.$ 327.4 330.0 345.2
France 244.7 246.6 244.1
Mexico 258.9 285.1 269.3
Brazil 165.0 165.8 165.7
Canada 92.3 96.5 120.4
Largest 5 Markets 1,088.3 1,124.0 1,144.7
Latin America 296.0 521.1 418.0
EMEA 308.0 382.8 433.9
Asia 109.2 115.1 148.3
Global Markets 713.2 1,019.0 1,000.2
Payment Services 63.7 72.0 27.9
Segments 1,865.2 2,215.0 2,172.8
Corporate items 327.0 283.0 381.1
Total$ 2,192.2 2,498.0 2,553.9
Schedule of Long Lived Assets By Geographical Areas [TableTextBlock]
Long-Lived Assets by Geographic Area(a)
Non-U.S.:
France$ 75.7 88.5 94.3
Mexico 114.4 136.8 133.7
Brazil 47.9 47.6 47.9
Canada 47.9 50.7 68.4
Other 175.5 216.3 240.0
Subtotal 461.4 539.9 584.3
U.S. 208.1 218.8 209.5
Total $ 669.5 758.7 793.8
Schedule of Revenues By Geographical Areas [TableTextBlock]
Years Ended December 31,
(In millions)201420132012
Revenues by Geographic Area(a)
Outside the U.S.:
France $ 517.4 542.5 535.5
Mexico 388.5 424.1 395.0
Brazil 442.3 392.0 388.3
Canada 179.7 191.4 187.5
Other 1,305.8 1,521.1 1,364.6
Subtotal 2,833.7 3,071.1 2,870.9
U.S. 728.6 707.5 706.7
Total$ 3,562.3 3,778.6 3,577.6

(a) Revenues are recorded in the country where service is initiated or performed. No single customer represents more than 10% of total revenue. Geographic disclosures of country revenues include the Payments Services segment in Mexico, Brazil, Colombia and the U.S

Schedule of Net Assets Outside the U.S. [TableTextBlock]
December 31,
(In millions)201420132012
Net assets outside the U.S.
France$ 96.3 110.8 79.2
Other EMEA countries 146.1 180.6 192.9
Mexico 88.4 101.2 131.5
Brazil 111.1 105.2 103.1
Other Latin America countries 182.4 273.0 203.6
Asian countries 69.2 72.7 89.1
Canada 53.4 69.3 43.2
Total $ 746.9 912.8 842.6
Schedule Of Financial Information About Equity Affiliates Held By Segments [Table Text Block]
(In millions)201420132012
Information about Unconsolidated Equity Affiliates held by Global Markets – Asia Segment:
Carrying value of investments at December 31$ 2.7 2.3 1.8
Undistributed earnings at December 31 1.1 0.8 0.4
Share of earnings included in Brink's consolidated earnings during the year 0.5 0.7 0.2
Brink’s sold an equity investment in a CIT business in Peru in 2014. This investment is not allocated to segments. The carrying value was $13.5 million at December 31, 2013, and $13.8 million at December 31, 2012. The equity earnings from this investment were $3.8 million in 2014, $6.1 million in 2013 and $5.8 million in 2012.