Accumulated other comprehensive income (loss)

9 Months Ended

Sep. 30, 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 September 30, 2020
Amounts attributable to Brink's:
Benefit plan adjustments	$	(3.3)	0.4	14.4	(3.4)	8.1
Foreign currency translation adjustments(b)	41.6		—	—	—	41.6
Gains (losses) on cash flow hedges	2.0		(0.6)	2.1	(0.5)	3.0
	40.3		(0.2)	16.5	(3.9)	52.7
Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	2.0		—	—	—	2.0
	2.0		—	—	—	2.0
Total
Benefit plan adjustments(a)	(3.3)		0.4	14.4	(3.4)	8.1
Foreign currency translation adjustments(b)	43.6		—	—	—	43.6
Gains (losses) on cash flow hedges(c)	2.0		(0.6)	2.1	(0.5)	3.0
	$	42.3	(0.2)	16.5	(3.9)	54.7
Three months ended September 30, 2019
Amounts attributable to Brink's:
Benefit plan adjustments	$	(2.2)	0.8	10.3	(2.5)	6.4
Foreign currency translation adjustments	(35.2)		—	—	—	(35.2)
Gains (losses) on cash flow hedges	3.5		(1.5)	(7.4)	2.5	(2.9)
	(33.9)		(0.7)	2.9	—	(31.7)
Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	0.3		—	—	—	0.3
	0.3		—	—	—	0.3
Total
Benefit plan adjustments(a)	(2.2)		0.8	10.3	(2.5)	6.4
Foreign currency translation adjustments	(34.9)		—	—	—	(34.9)
Gains (losses) on cash flow hedges(c)	3.5		(1.5)	(7.4)	2.5	(2.9)
	$	(33.6)	(0.7)	2.9	—	(31.4)

	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)
Nine months ended September 30, 2020
Amounts attributable to Brink's:
Benefit plan adjustments	$	(0.6)	0.7	41.1	(9.8)	31.4
Foreign currency translation adjustments(b)	(51.1)		—	—	—	(51.1)
Gains (losses) on cash flow hedges	10.6		(5.8)	(23.8)	8.6	(10.4)
	(41.1)		(5.1)	17.3	(1.2)	(30.1)
Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	2.6		—	—	—	2.6
	2.6		—	—	—	2.6
Total
Benefit plan adjustments(a)	(0.6)		0.7	41.1	(9.8)	31.4
Foreign currency translation adjustments(b)	(48.5)		—	—	—	(48.5)
Gains (losses) on cash flow hedges(c)	10.6		(5.8)	(23.8)	8.6	(10.4)
	$	(38.5)	(5.1)	17.3	(1.2)	(27.5)
Nine months ended September 30, 2019
Amounts attributable to Brink's:
Benefit plan adjustments	$	(5.8)	1.4	31.8	(7.6)	19.8
Foreign currency translation adjustments	(25.9)		—	—	—	(25.9)
Gains (losses) on cash flow hedges	(16.0)		3.5	(6.4)	2.2	(16.7)
	(47.7)		4.9	25.4	(5.4)	(22.8)
Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	0.7		—	—	—	0.7
	0.7		—	—	—	0.7
Total
Benefit plan adjustments(a)	(5.8)		1.4	31.8	(7.6)	19.8
Foreign currency translation adjustments	(25.2)		—	—	—	(25.2)
Gains (losses) on cash flow hedges(c)	(16.0)		3.5	(6.4)	2.2	(16.7)
	$	(47.0)	4.9	25.4	(5.4)	(22.1)

(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 September 30,			Nine Months Ended September 30,
(In millions)	2020		2019	2020		2019
Total net periodic retirement benefit cost included in:
Cost of revenues	$	1.3	1.9	$	6.3	5.7
Selling, general and administrative expenses	0.5		0.6	1.5		1.8
Interest and other nonoperating income (expense)	10.3		7.9	28.6		25.4

(b)2020 foreign currency translation adjustment amounts arising during the current period reflect primarily the Mexican peso and Brazilian real, partially offset by the euro and various currencies related to the G4S acquisition.

(c)Pretax gains and losses on cash flow hedges are classified in the condensed consolidated statements of operations as:

•other operating income (expense) ($0.8 million gain in the three months ended September 30, 2020 and $8.9 million gain in the three months ended September 30, 2019; as well as $30.6 million gain in the nine months ended September 30, 2020 and $10.3 million gain in the nine months ended September 30, 2019)

•interest expense ($2.9 million of expense in the three months ended September 30, 2020 and $1.4 million of expense in the three months ended September 30, 2019; as well as $6.8 million of expense in the nine months ended September 30, 2020 and $3.9 million of expense in the nine months ended September 30, 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	0.1		(51.1)	4.8	(46.2)
Amounts reclassified from accumulated other comprehensive loss to net income	31.3		—	(15.2)	16.1
Other comprehensive income (loss) attributable to Brink's	31.4		(51.1)	(10.4)	(30.1)
Balance as of September 30, 2020	$	(551.6)	(433.9)	(23.6)	(1,009.1)