XML 50 R15.htm IDEA: XBRL DOCUMENT v3.20.1
Accumulated other comprehensive income (loss)
3 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated other comprehensive income (loss) Accumulated other comprehensive income (loss)

Other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive loss into earnings, was as follows:
 
Amounts Arising During
the Current Period
 
Amounts Reclassified to
Net Income (Loss)
 
 
(In millions)
Pretax
 
Income
Tax
 
Pretax
 
Income
Tax
 
Total Other
Comprehensive
Income (Loss)
Three months ended March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts attributable to Brink's:
 
 
 
 
 
 
 
 
 
Benefit plan adjustments
$
4.2

 
0.1

 
13.3

 
(3.1
)
 
14.5

Foreign currency translation adjustments(b)
(119.9
)
 

 

 

 
(119.9
)
Gains (losses) on cash flow hedges
10.0

 
(5.3
)
 
(24.7
)
 
8.4

 
(11.6
)
 
(105.7
)
 
(5.2
)
 
(11.4
)
 
5.3

 
(117.0
)
 
 
 
 
 
 
 
 
 
 
Amounts attributable to noncontrolling interests:
 

 
 

 
 

 
 

 
 

Foreign currency translation adjustments
(0.4
)
 

 

 

 
(0.4
)
 
(0.4
)
 

 

 

 
(0.4
)
 
 
 
 
 
 
 
 
 
 
Total
 

 
 

 
 

 
 

 
 

Benefit plan adjustments(a)
4.2

 
0.1

 
13.3

 
(3.1
)
 
14.5

Foreign currency translation adjustments(b)
(120.3
)
 

 

 

 
(120.3
)
Gains (losses) on cash flow hedges(c)
10.0

 
(5.3
)
 
(24.7
)
 
8.4

 
(11.6
)
 
$
(106.1
)
 
(5.2
)
 
(11.4
)
 
5.3

 
(117.4
)
 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2019
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
 
 
Amounts attributable to Brink's:
 

 
 

 
 

 
 

 
 

Benefit plan adjustments
$
(1.3
)
 
0.2

 
11.3

 
(2.7
)
 
7.5

Foreign currency translation adjustments
0.3

 

 

 

 
0.3

Gains (losses) on cash flow hedges
(5.3
)
 
1.1

 
(2.6
)
 
0.9

 
(5.9
)
 
(6.3
)
 
1.3

 
8.7

 
(1.8
)
 
1.9

 
 
 
 
 
 
 
 
 
 
Amounts attributable to noncontrolling interests:
 

 
 

 
 

 
 

 
 

Foreign currency translation adjustments
0.3

 

 

 

 
0.3

 
0.3

 

 

 

 
0.3

 
 
 
 
 
 
 
 
 
 
Total
 

 
 

 
 

 
 

 
 

Benefit plan adjustments(a)
(1.3
)
 
0.2

 
11.3

 
(2.7
)
 
7.5

Foreign currency translation adjustments
0.6

 

 

 

 
0.6

Gains (losses) on cash flow hedges(c)
(5.3
)
 
1.1

 
(2.6
)
 
0.9

 
(5.9
)
 
$
(6.0
)
 
1.3

 
8.7

 
(1.8
)
 
2.2


(a)
The amortization of actuarial losses and prior service cost is part of total net periodic retirement benefit cost when reclassified to net income.  Net periodic retirement benefit cost also includes service cost, interest cost, expected return on assets, and settlement losses.  Total service cost is allocated between cost of revenues and selling, general and administrative expenses on a plan-by-plan basis and the remaining net periodic retirement benefit cost items are allocated to interest and other nonoperating income (expense):
 
Three Months Ended March 31,
(In millions)
2020
 
2019
Total net periodic retirement benefit cost included in:
 
 
 
Cost of revenues
$
2.4

 
1.9

Selling, general and administrative expenses
0.5

 
0.6

Interest and other nonoperating income (expense)
9.1

 
9.7


(b)
2020 foreign currency translation adjustment amounts arising during the current period reflect primarily the Mexican peso and Brazilian real.
(c)
Pretax gains and losses on cash flow hedges are classified in the condensed consolidated statements of operations as:
other operating income (expense) ($26.1 million gain in the three months ended March 31, 2020 and $3.8 million gain in the three months ended March 31, 2019)
interest expense ($1.5 million of expense in the three months ended March 31, 2020 and $1.2 million of expense in the three months ended March 31, 2019).

The changes in accumulated other comprehensive loss attributable to Brink’s are as follows:
(In millions)
Benefit Plan Adjustments
 
Foreign Currency Translation Adjustments
 
Gains (Losses) on Cash Flow Hedges
 
Total
 
 
 
 
 
 
 
 
Balance as of December 31, 2019
$
(583.0
)
 
(382.8
)
 
(13.2
)
 
(979.0
)
Other comprehensive income (loss) before reclassifications
4.3

 
(119.9
)
 
4.7

 
(110.9
)
Amounts reclassified from accumulated other comprehensive loss to net income
10.2

 

 
(16.3
)
 
(6.1
)
Other comprehensive income (loss) attributable to Brink's
14.5

 
(119.9
)
 
(11.6
)
 
(117.0
)
Balance as of March 31, 2020
$
(568.5
)
 
(502.7
)
 
(24.8
)
 
(1,096.0
)