XML 79 R66.htm IDEA: XBRL DOCUMENT v3.3.1.900
Retirement Benefits - Obligations and Funded Status (Details)
$ in Millions
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
participant
Dec. 31, 2013
USD ($)
U.S. Plans      
Changes in the benefit obligation [Roll Forward]      
Benefit obligation at beginning of year $ 904.1 $ 934.9  
Service cost 0.0 0.0 $ 0.0
Interest cost 36.0 45.3 42.2
Participant contributions 0.0 0.0  
Plan amendments 0.0 0.0  
Plan combinations 0.0 0.0  
Curtailments 0.0 0.0  
Settlements(a) 0.0 (149.0)  
Benefits paid (51.0) (44.9)  
Sale of Brink’s Netherlands 0.0 0.0  
Actuarial (gains) losses (44.3) 117.8  
Foreign currency exchange effects 0.0 0.0  
Benefit obligation at end of year 844.8 904.1 934.9
Changes in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 786.3 811.8  
Return on assets – actual (14.2) 80.6  
Participant contributions 0.0 0.0  
Employer contributions 0.3 87.8  
Settlements(a) 0.0 (149.0)  
Benefits paid (51.0) (44.9)  
Sale of Brink’s Netherlands 0.0 0.0  
Foreign currency exchange effects 0.0 0.0  
Fair value of plan assets at end of year 721.4 786.3 811.8
Defined Benefit Plan, Funded Status of Plan [Abstract]      
Funded status (123.4) (117.8)  
Current liability, included in accrued liabilities 0.6 0.6  
Noncurrent liability 122.8 117.2  
Net pension liability (123.4) $ (117.8)  
Number of participants | participant   4,300  
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Beginning of year - net gains and losses (340.4) $ (323.6)  
Net experience gains (losses) arising during the year (24.5) (101.1)  
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a) 31.2 84.3  
End of year - net gains and losses (333.7) (340.4) (323.6)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):      
Beginning of year - net prior service (cost) credit 0.0 0.0  
Prior service credit (cost) from plan amendments during the year 0.0 0.0  
Reclassification adjustment for amortization of prior service cost included in net income (loss)(a) 0.0 0.0  
End of year - net prior service (cost) credit 0.0 0.0 0.0
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]      
Return on assets – expected 54.6 63.9 56.9
Amortization of losses (31.2) (28.2) (45.1)
Amortization of prior service cost 0.0 0.0 0.0
U.S. and Mexican retirement plans 12.6 65.7 30.5
Non-U.S. Plans      
Changes in the benefit obligation [Roll Forward]      
Benefit obligation at beginning of year 283.1 390.4  
Service cost 10.4 12.5 15.0
Interest cost 11.2 18.4 19.1
Participant contributions 0.4 4.2  
Plan amendments (2.4) 0.1  
Plan combinations 1.2 0.0  
Curtailments 0.0 (0.1)  
Settlements(a) 0.0 0.0  
Benefits paid (19.5) (24.2)  
Sale of Brink’s Netherlands 0.0 (132.7)  
Actuarial (gains) losses 14.8 59.7  
Foreign currency exchange effects (41.2) (45.0)  
Benefit obligation at end of year 262.8 283.1 390.4
Changes in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 179.3 322.0  
Return on assets – actual 4.3 23.8  
Participant contributions 0.4 4.2  
Employer contributions 24.1 31.0  
Settlements(a) 0.0 0.0  
Benefits paid (19.5) (24.2)  
Sale of Brink’s Netherlands 0.0 (157.2)  
Foreign currency exchange effects (25.0) (20.3)  
Fair value of plan assets at end of year 164.8 179.3 322.0
Defined Benefit Plan, Funded Status of Plan [Abstract]      
Funded status (98.0) (103.8)  
Current liability, included in accrued liabilities 1.4 2.0  
Noncurrent liability 96.6 101.8  
Net pension liability (98.0) (103.8)  
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Beginning of year - net gains and losses (85.7) (39.2)  
Net experience gains (losses) arising during the year (20.0) (50.3)  
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a) 10.7 3.8  
End of year - net gains and losses (95.0) (85.7) (39.2)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):      
Beginning of year - net prior service (cost) credit (9.3) (10.2)  
Prior service credit (cost) from plan amendments during the year (2.4) 0.1  
Reclassification adjustment for amortization of prior service cost included in net income (loss)(a) 0.9 0.8  
End of year - net prior service (cost) credit (10.8) (9.3) (10.2)
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]      
Return on assets – expected 9.5 14.4 12.9
Amortization of losses (5.0) (2.3) (6.1)
Amortization of prior service cost 0.9 1.0 0.8
U.S. and Mexican retirement plans 23.7 26.1 30.7
Total      
Changes in the benefit obligation [Roll Forward]      
Benefit obligation at beginning of year 1,187.2 1,325.3  
Service cost 10.4 12.5 15.0
Interest cost 47.2 63.7 61.3
Participant contributions 0.4 4.2  
Plan amendments (2.4) 0.1  
Plan combinations 1.2 0.0  
Curtailments 0.0 (0.1)  
Settlements(a) 0.0 (149.0)  
Benefits paid (70.5) (69.1)  
Sale of Brink’s Netherlands 0.0 (132.7)  
Actuarial (gains) losses (29.5) 177.5  
Foreign currency exchange effects (41.2) (45.0)  
Benefit obligation at end of year 1,107.6 1,187.2 1,325.3
Changes in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 965.6 1,133.8  
Return on assets – actual (9.9) 104.4  
Participant contributions 0.4 4.2  
Employer contributions 24.4 118.8  
Settlements(a) 0.0 (149.0)  
Benefits paid (70.5) (69.1)  
Sale of Brink’s Netherlands 0.0 (157.2)  
Foreign currency exchange effects (25.0) (20.3)  
Fair value of plan assets at end of year 886.2 965.6 1,133.8
Defined Benefit Plan, Funded Status of Plan [Abstract]      
Funded status (221.4) (221.6)  
Current liability, included in accrued liabilities 2.0 2.6  
Noncurrent liability 219.4 219.0  
Net pension liability (221.4) (221.6)  
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Beginning of year - net gains and losses (426.1) (362.8)  
Net experience gains (losses) arising during the year (44.5) (151.4)  
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a) 41.9 88.1  
End of year - net gains and losses (428.7) (426.1) (362.8)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):      
Beginning of year - net prior service (cost) credit (9.3) (10.2)  
Prior service credit (cost) from plan amendments during the year (2.4) 0.1  
Reclassification adjustment for amortization of prior service cost included in net income (loss)(a) 0.9 0.8  
End of year - net prior service (cost) credit (10.8) (9.3) (10.2)
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]      
Return on assets – expected 64.1 78.3 69.8
Amortization of losses (36.2) (30.5) (51.2)
Amortization of prior service cost 0.9 1.0 0.8
U.S. and Mexican retirement plans 36.3 91.8 61.2
UMWA Plans      
Changes in the benefit obligation [Roll Forward]      
Benefit obligation at beginning of year 461.8 426.5  
Service cost 0.0 0.0 0.0
Interest cost 17.1 17.9 19.7
Plan amendments 0.0 0.0  
Curtailments 0.0 0.0  
Benefits paid (36.1) (34.5)  
Medicare subsidy received 0.1 0.6  
Actuarial (gains) losses 9.8 (51.3)  
Foreign currency exchange effects 0.0 0.0  
Benefit obligation at end of year 433.1 461.8 426.5
Changes in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 264.6 284.4  
Return on assets – actual (0.9) 14.9  
Employer contributions (0.3) (0.8)  
Benefits paid (36.1) (34.5)  
Fair value of plan assets at end of year 227.4 264.6 284.4
Defined Benefit Plan, Funded Status of Plan [Abstract]      
Funded status (205.7) (197.2)  
Current liability, included in accrued liabilities 0.0 0.0  
Noncurrent liability 205.7 197.2  
Net pension liability (205.7) (197.2)  
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Beginning of year - net gains and losses (265.6) (219.4)  
Net experience gains (losses) arising during the year (11.7) (58.6)  
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a) 15.5 12.4  
End of year - net gains and losses (261.8) (265.6) (219.4)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):      
Beginning of year - net prior service (cost) credit 51.1 55.7  
Prior service credit (cost) from plan amendments during the year 0.0 0.0  
Reclassification adjustment for amortization of prior service cost included in net income (loss)(a) (4.6) (4.6)  
End of year - net prior service (cost) credit 46.5 51.1 55.7
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]      
Return on assets – expected 20.6 22.2 20.8
Amortization of losses (15.5) (12.3) (19.6)
Amortization of prior service cost (4.6) (4.6) 0.0
Curtailment (gain) 0.0 0.0 0.0
U.S. and Mexican retirement plans 7.4 3.4 18.5
Black Lung and Other Plans      
Changes in the benefit obligation [Roll Forward]      
Benefit obligation at beginning of year 66.2 48.9  
Service cost 0.2 0.1  
Interest cost 2.8 2.3  
Plan amendments 0.7 0.0  
Curtailments (0.5) 0.0  
Benefits paid (6.3) (7.4)  
Medicare subsidy received 0.0 0.0  
Actuarial (gains) losses (0.4) (23.2)  
Foreign currency exchange effects (2.3) (0.9)  
Benefit obligation at end of year 59.8 66.2 48.9
Changes in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 0.0 0.0  
Return on assets – actual 0.0 0.0  
Employer contributions 6.3 7.4  
Benefits paid (6.3) (7.4)  
Fair value of plan assets at end of year 0.0 0.0 0.0
Defined Benefit Plan, Funded Status of Plan [Abstract]      
Funded status (59.8) (66.2)  
Current liability, included in accrued liabilities 6.3 6.3  
Noncurrent liability 53.5 59.9  
Net pension liability (59.8) (66.2)  
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Beginning of year - net gains and losses (29.0) (6.3)  
Net experience gains (losses) arising during the year 0.1 (23.2)  
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a) 3.1 0.5  
End of year - net gains and losses (25.8) (29.0) (6.3)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):      
Beginning of year - net prior service (cost) credit (6.0) (7.7)  
Prior service credit (cost) from plan amendments during the year 0.7 0.0  
Reclassification adjustment for amortization of prior service cost included in net income (loss)(a) 1.8 1.7  
End of year - net prior service (cost) credit (3.5) (6.0) (7.7)
Black Lung and Other Plans, Medical      
Changes in the benefit obligation [Roll Forward]      
Service cost 0.2 0.1 0.3
Interest cost 2.8 2.3 1.9
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]      
Return on assets – expected 0.0 0.0 0.0
Amortization of losses (3.1) (0.6) (0.7)
Amortization of prior service cost 1.8 1.7 1.7
Curtailment (gain) 0.1 0.0 0.0
U.S. and Mexican retirement plans 7.8 4.7 4.6
Retirement benefits other than pension      
Changes in the benefit obligation [Roll Forward]      
Benefit obligation at beginning of year 528.0 475.4  
Service cost 0.2 0.1 0.3
Interest cost 19.9 20.2 21.6
Plan amendments 0.7 0.0  
Curtailments (0.5) 0.0  
Benefits paid (42.4) (41.9)  
Medicare subsidy received 0.1 0.6  
Actuarial (gains) losses 9.4 (74.5)  
Foreign currency exchange effects (2.3) (0.9)  
Benefit obligation at end of year 492.9 528.0 475.4
Changes in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 264.6 284.4  
Return on assets – actual (0.9) 14.9  
Employer contributions 6.0 6.6  
Benefits paid (42.4) (41.9)  
Fair value of plan assets at end of year 227.4 264.6 284.4
Defined Benefit Plan, Funded Status of Plan [Abstract]      
Funded status (265.5) (263.4)  
Current liability, included in accrued liabilities 6.3 6.3  
Noncurrent liability 259.2 257.1  
Net pension liability (265.5) (263.4)  
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Beginning of year - net gains and losses (294.6) (225.7)  
Net experience gains (losses) arising during the year (11.6) (81.8)  
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a) 18.6 12.9  
End of year - net gains and losses (287.6) (294.6) (225.7)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):      
Beginning of year - net prior service (cost) credit 45.1 48.0  
Prior service credit (cost) from plan amendments during the year 0.7 0.0  
Reclassification adjustment for amortization of prior service cost included in net income (loss)(a) (2.8) (2.9)  
End of year - net prior service (cost) credit 43.0 45.1 48.0
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]      
Return on assets – expected 20.6 22.2 20.8
Amortization of losses (18.6) (12.9) (20.3)
Amortization of prior service cost (2.8) (2.9) 1.7
Curtailment (gain) 0.1 0.0 0.0
U.S. and Mexican retirement plans $ 15.2 8.1 $ 23.1
Netherlands CIT Operations      
Benefit plan net experience losses recognized in accumulated other comprehensive income (loss):      
Reclassification adjustment for amortization of prior experience losses included in net income (loss)(a)   $ 5.0