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Revenue from contracts with customers Revenue from contracts with customers (Tables)
12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue Disaggregated by Reportable Segment and Type of Service
(In millions)
Core Services
 
High-Value Services
 
Other Security Services
 
Total
Twelve months ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reportable Segments:
 
 
 
 
 
 
 
North America
$
895.1

 
571.2

 

 
1,466.3

South America
449.8

 
465.1

 
12.0

 
926.9

Rest of World
357.3

 
512.0

 
175.0

 
1,044.3

Total reportable segments
1,702.2

 
1,548.3

 
187.0

 
3,437.5

 
 
 
 
 
 
 
 
Not Allocated to Segments:
 
 
 
 
 
 
 
Venezuela(a)
18.4

 
33.0

 

 
51.4

Total
$
1,720.6

 
1,581.3

 
187.0

 
3,488.9

Contract with Customer, Asset and Liability
The opening and closing balances of receivables, contract assets and contract liabilities related to contracts with customers are as follows:
(In millions)
Receivables
 
Contract Asset
 
Contract Liability
 
 
 
 
 
 
Opening (January 1, 2018)
$
642.3

 
0.4

 
5.6

Closing (December 31, 2018)
599.5

 
1.8

 
2.5

Increase (decrease)
$
(42.8
)
 
1.4

 
(3.1
)
Schedule of Prospective Adoption of New Accounting Pronouncements
The adoption of the new revenue recognition standard impacted our reported amounts in 2018 as follows:
(In millions)
As reported
 
Impact of New Revenue Recognition Standard
 
Pro Forma under Old Revenue Recognition Standard
Twelve months ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Statement of Operations
 
 
 
 
 
Revenues
$
3,488.9

 
4.0

 
3,484.9

Operating profit
274.7

 
2.0

 
272.7

Net income (loss) attributable to Brink's
(33.3
)
 
1.4

 
(34.7
)
 
 
 
 
 
 
As of December 31, 2018
 
 
 
 
 
Balance Sheet
 
 
 
 
 
Prepaid expenses and other assets
$
127.5

 
1.8

 
125.7

Other assets
186.1

 
1.8

 
184.3

Retained earnings
429.1

 
2.9

 
426.2