Segment information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment information

Segment information

The Brink’s Company offers transportation and logistics management services for cash and valuables throughout the world.  These services include:

• Cash-in-Transit (“CIT”) Services – armored vehicle transportation of valuables

• ATM Services – replenishing and maintaining customers’ automated teller machines; providing network infrastructure services

• Global Services – secure international transportation of valuables

• Cash Management Services

◦ Currency and coin counting and sorting; deposit preparation and reconciliations; other cash management services

◦ Safe and safe control device installation and servicing (including our patented CompuSafe^® service)

◦ Check and cash processing services for banking customers (“Virtual Vault Services”)

◦ Check imaging services for banking customers

• Payment Services – bill payment and processing services on behalf of utility companies and other billers at any of our Brink’s or Brink’s-operated payment locations in Latin America and Brink’s Money™ general purpose reloadable prepaid cards and payroll cards in the U.S.

• Guarding Services – protection of airports, offices, and certain other locations in Europe and Brazil with or without electronic surveillance, access control, fire prevention and highly trained patrolling personnel

We identify our operating segments based on how our chief operating decision maker (“CODM”) allocates resources, assesses performance and makes decisions.  Our CODM is our President and Chief Executive Officer.  Our CODM evaluates performance and allocates resources to each operating segment based on operating profit or loss, excluding income and expenses not allocated to segments.

We have nine operating segments:

• Each of the five countries within Largest 5 Markets (U.S., France, Mexico, Brazil and Canada)

• Each of the three regions within Global Markets (Latin America, EMEA and Asia)

• Payment Services

The following table summarizes our revenues and operating profit for each of our reportable segments:

	Revenues			Operating Profit
	Three Months Ended March 31,			Three Months Ended March 31,
(In millions)	2016		2015	2016			2015
Reportable Segments:
U.S.	$	178.8	183.6	$	(2.2	)	8.3
France	104.8		105.7	4.5			4.1
Mexico	74.9		85.7	3.2			7.9
Brazil	60.0		73.8	6.1			6.1
Canada	35.9		38.8	1.8			1.7
Largest 5 Markets	454.4		487.6	13.4			28.1
Latin America	79.2		90.8	17.5			16.5
EMEA	95.4		115.7	6.9			8.2
Asia	39.0		38.7	6.4			6.5
Global Markets	213.6		245.2	30.8			31.2
Payment Services	20.9		22.8	—			0.5
Total reportable segments	688.9		755.6	44.2			59.8
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	(17.6		)	(17.6	)
Foreign currency transaction gains (losses)	—		—	1.3			(4.8	)
Reconciliation of segment policies to GAAP	—		—	3.2			3.2
Other items not allocated to segments:
Venezuela operations	32.1		20.5	1.8			(17.9	)
Reorganization and Restructuring	—		—	(6.0		)	(1.5	)
U.S. and Mexican retirement plans	—		—	(7.3		)	(8.3	)
Acquisitions and dispositions	0.8		—	(5.8		)	—
Total	$	721.8	776.1	$	13.8		12.9

See "Other Items Not Allocated to Segment" on pages 28-29 to the consolidated financial statements for explanations of each of the other items not allocated to segments.