Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

(In millions)	Estimated Fair Value at Acquisition Date
Fair value of purchase consideration
Cash paid through March 31, 2021	$	817.4
Contingent consideration	22.0
Liabilities assumed from seller	2.8
Indemnification asset	(5.3)
Fair value of purchase consideration	$	836.9
Fair value of net assets acquired
Cash	$	244.4
Restricted cash	30.1
Accounts receivable	145.7
Other current assets	31.4
Property and equipment, net	123.9
Right-of-use assets, net	77.5
Intangible assets(a)	206.0
Goodwill(b)	533.6
Other noncurrent assets	16.1
Current liabilities	(295.2)
Lease liabilities	(68.1)
Other noncurrent liabilities	(93.1)
Fair value of net assets acquired	$	952.3
Less: Fair value of noncontrolling interest	(115.4)
Fair value of purchase consideration	$	836.9

(a)Intangible assets are composed of customer relationships ($206 million fair value and 15 year amortization period).

(b)Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating G4S operations with our existing operations. Goodwill has been provisionally assigned to the Europe reporting unit ($191 million), the Rest of World reporting unit ($340 million) and the South America reporting unit ($3 million). We do not currently expect goodwill in these reporting units to be deductible for tax purposes.

Business Acquisition, Pro Forma Information

Below are the actual results included in Brink's consolidated results for the G4S businesses we acquired in 2020 and the first three months of 2021.

(In millions)	Revenue		Net income (loss) attributable to Brink's
Three months ended March 31, 2021
G4S	$	156.4	5.6
Total	$	156.4	5.6
Three months ended March 31, 2020
G4Si	$	5.4	0.4
Total	$	5.4	0.4

The pro forma consolidated results of Brink’s presented below reflect a hypothetical ownership as of January 1, 2019 for the businesses we acquired during 2020 and a hypothetical ownership as of January 1, 2020 for the businesses we acquired in the first three months of 2021.

(In millions)	Revenue		Net income (loss) attributable to Brink's
Pro forma results of Brink's for the three months ended March 31,
2021
Brink's as reported	$	977.7	12.7
G4S(a)	7.0		0.7
Total	$	984.7	13.4
2020
Brink's as reported	$	872.8	1.8
G4S(a)	173.1		2.0
Total	$	1,045.9	3.8

(a)Represents amounts prior to acquisition by Brink's.