Supplemental cash flow information

3 Months Ended

Mar. 31, 2019

Supplemental Cash Flow Information [Abstract]



	Three Months Ended March 31,
(In millions)	2019		2018
Cash paid for:
Interest	$	15.3	7.5
Income taxes, net	11.4		20.5

Non-cash Investing and Financing Activities

We acquired $12.1 million in armored vehicles and other equipment under financing lease arrangements in the first three months of 2019 compared to $9.5 million in armored vehicles and other equipment acquired under financing lease arrangements in the first three months of 2018.

Restricted Cash (Cash Supply Chain Services)

In France, we offer services to certain of our customers where we manage some or all of their cash supply chains. Providing this service requires our French subsidiary to take temporary title to the cash received from the management of our customers' cash supply chains until the cash is returned to the customers. As part of this service offering, we have entered into lending arrangements with some of our customers. Cash borrowed under these lending arrangements is used in the process of managing these customers' cash supply chains. The cash for which we have temporary title and the cash borrowed under these customer lending arrangements is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering.

At March 31, 2019, we held $97.1 million of restricted cash ($10.3 million represented short-term borrowings, $51.9 million represented restricted cash held for customers, and $34.9 million represented accrued liabilities). At December 31, 2018, we held $136.1 million of restricted cash ($10.5 million represented short-term borrowings, $90.3 million represented restricted cash held for customers and $35.3 million represented accrued liabilities).

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows.



	March 31,		December 31,
(In millions)	2019		2018
Cash and cash equivalents	$	283.2	343.4
Restricted cash	97.1		136.1
Total, cash, cash equivalents, and restricted cash in the condensed consolidated statements of cash flows	$	380.3	479.5