Interest and Other Nonoperating Income (Expense)

12 Months Ended

Dec. 31, 2018

Interest and Other Income [Abstract]

Interest and Other Nonoperating Income (Expense)

Interest and Other Nonoperating Income (Expense)

	Years Ended December 31,
(In millions)	2018			2017		2016
Interest income	$	6.9		4.1		2.6
Gain on equity securities	3.2			1.5		0.5
Foreign currency transaction losses(a)	(15.5		)	(7.6	)	—
Derivative instruments	—			1.1		(0.6	)
Retirement benefit cost other than service cost	(39.7		)	(47.8	)	(40.3	)
Prepayment penalties(b)	—			(8.3	)	—
Interest on Brazil tax claim(c)	—			(1.6	)	—
Non-income taxes on intercompany billings(d)	(2.6		)	(1.3	)	(1.0	)
Gain on a disposition of a subsidiary(e)	11.2			—		—
Other	(2.3		)	(0.3	)	(0.3	)
Total	$	(38.8	)	(60.2	)	(39.1	)

(a) Prior to the July 1, 2018 highly inflationary designation for accounting purposes, currency transaction losses incurred by Brink's Argentina related to its U.S. dollar-denominated payables to the sellers of Maco Transporatadora and Maco Litoral.

(b) Penalties upon prepayment of Private Placement notes in September 2017 and a term loan in October 2017.

(c) Related to an unfavorable court ruling in 2017 on a non-income tax claim in Brazil. The court ruled that Brink's must pay interest accruing from the initial claim filing in 1994 to the current date. The principal amount of the claim was approximately $1 million and was recognized in selling, general and administrative expenses in 2017.

(d) Certain of our South American subsidiaries incur non-income taxes related to the billing of intercompany charges. These intercompany charges do not impact South America segment results and are eliminated in our consolidation.

(e) Gain on the sale of our former French airport security services subsidiary in the second quarter of 2018.