Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

The following tables provide the components of other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive income (loss) into earnings:


	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)

2020

Amounts attributable to Brink's:
Benefit plan adjustments	$	(98.5)	22.7	56.7	(12.7)	(31.8)
Foreign currency translation adjustments(b)	19.6		—	—	—	19.6

Gains (losses) on cash flow hedges	1.1		(2.5)	(12.3)	4.9	(8.8)
	(77.8)		20.2	44.4	(7.8)	(21.0)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	0.2		—	—	—	0.2
Foreign currency translation adjustments	4.6		—	—	—	4.6
	4.8		—	—	—	4.8

Total
Benefit plan adjustments(a)	(98.3)		22.7	56.7	(12.7)	(31.6)
Foreign currency translation adjustments(b)	24.2		—	—	—	24.2

Gains (losses) on cash flow hedges(c)	1.1		(2.5)	(12.3)	4.9	(8.8)
	$	(73.0)	20.2	44.4	(7.8)	(16.2)

2019

Amounts attributable to Brink's:
Benefit plan adjustments	$	(38.0)	4.4	61.4	(9.9)	17.9
Foreign currency translation adjustments	(0.9)		—	—	0.1	(0.8)

Gains (losses) on cash flow hedges	(18.8)		4.8	(0.2)	0.2	(14.0)
	(57.7)		9.2	61.2	(9.6)	3.1

Amounts attributable to noncontrolling interests:

Foreign currency translation adjustments	0.8		—	—	—	0.8
	0.8		—	—	—	0.8

Total
Benefit plan adjustments(a)	(38.0)		4.4	61.4	(9.9)	17.9
Foreign currency translation adjustments(b)	(0.1)		—	—	0.1	—

Gains (losses) on cash flow hedges(c)	(18.8)		4.8	(0.2)	0.2	(14.0)
	$	(56.9)	9.2	61.2	(9.6)	3.9

See page 110 for footnote explanations.


	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)

2018

Amounts attributable to Brink's:
Benefit plan adjustments	$	(31.4)	8.6	65.0	(13.3)	28.9
Foreign currency translation adjustments	(151.6)		—	107.2	(0.3)	(44.7)

Gains (losses) on cash flow hedges	0.3		—	(0.2)	—	0.1
	(182.7)		8.6	172.0	(13.6)	(15.7)

Amounts attributable to noncontrolling interests:

Foreign currency translation adjustments	(0.8)		—	—	—	(0.8)
	(0.8)		—	—	—	(0.8)

Total
Benefit plan adjustments(a)	(31.4)		8.6	65.0	(13.3)	28.9
Foreign currency translation adjustments(b)	(152.4)		—	107.2	(0.3)	(45.5)

Gains (losses) on cash flow hedges(c)	0.3		—	(0.2)	—	0.1
	$	(183.5)	8.6	172.0	(13.6)	(16.5)

(a)The amortization of actuarial losses and prior service cost is part of total net periodic retirement benefit cost when reclassified to net income (loss). Net periodic retirement benefit cost also includes service cost, interest cost, expected returns on assets, and settlement costs. 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):


	December 31,
(In millions)	2020		2019	2018

Total net periodic retirement benefit cost included in:
Cost of revenues	$	7.7	7.8	8.4
Selling, general and administrative expenses	2.1		2.3	2.3
Interest and other nonoperating income (expense)	37.9		52.7	39.7

(b)2020 foreign currency translation adjustment amounts arising during the current period reflect primarily the strengthening of the euro and various currencies related to the G4S acquisition, partially offset by devaluation of the Mexican peso and Brazilian real. 2018 foreign currency translation adjustment amounts reclassified to net income are due to the deconsolidation of Venezuela (see Note 1). 2018 foreign currency translation adjustment amounts arising during the current period reflect primarily the devaluation of the Argentine peso (prior to the July 1, 2018 highly inflationary designation) and Brazilian real.

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

•other operating income (expense) ($22.1 million gain in 2020, $5.8 million gain in 2019 and no gains or losses in 2018.)

•interest expense ($9.8 million of expense in 2020 and $5.7 million of expense in 2019.)

•interest and other nonoperating income (expense) (no gains or losses in 2020, no gains or losses in 2019 and no gains or losses in 2018.)

Reclassification Out Of Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive loss attributable to Brink’s are as follows:


(In millions)	Benefit Plan Adjustments		Foreign Currency Translation Adjustments	Unrealized Gains (Losses) on Available-for-Sale Securities	Gains (Losses) on Cash Flow Hedges	Total
Balance as of December 31, 2017	$	(601.0)	(327.4)	1.1	0.7	(926.6)
Other comprehensive income (loss) before reclassifications	(22.8)		(151.6)	—	0.3	(174.1)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	51.7		106.9	—	(0.2)	158.4
Other comprehensive income (loss) attributable to Brink's	28.9		(44.7)	—	0.1	(15.7)
Cumulative effect of change in accounting principle(a)	—		—	(1.1)	—	(1.1)
Acquisitions of noncontrolling interests	—		(9.9)	—	—	(9.9)
Balance as of December 31, 2018	(572.1)		(382.0)	—	0.8	(953.3)
Other comprehensive income (loss) before reclassifications	(33.6)		(0.9)	—	(14.0)	(48.5)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	51.5		0.1	—	—	51.6
Other comprehensive income (loss) attributable to Brink's	17.9		(0.8)	—	(14.0)	3.1
Cumulative effect of change in accounting principle(b)	(28.8)		—	—	—	(28.8)
Balance as of December 31, 2019	(583.0)		(382.8)	—	(13.2)	(979.0)
Other comprehensive income (loss) before reclassifications	(75.8)		19.6	—	(1.4)	(57.6)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	44.0		—	—	(7.4)	36.6
Other comprehensive income (loss) attributable to Brink's	(31.8)		19.6	—	(8.8)	(21.0)

Balance as of December 31, 2020	$	(614.8)	(363.2)	—	(22.0)	(1,000.0)

(a)We adopted ASU 2016-01 (see Note 1) effective January 1, 2018 and recognized a cumulative-effect adjustment to retained earnings.

(b)We adopted ASU 2018-02 (see Note 1) effective January 1, 2019 and recognized a cumulative-effect adjustment to retained earnings.