Accumulated other comprehensive income (loss) (Tables)

3 Months Ended

Mar. 31, 2021

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

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, 2021

Amounts attributable to Brink's:
Benefit plan adjustments	$	(17.3)	4.1	16.1	(4.6)	(1.7)
Foreign currency translation adjustments(b)	(44.2)		—	—	—	(44.2)

Gains (losses) on cash flow hedges	10.5		(3.4)	(3.3)	1.4	5.2
	(51.0)		0.7	12.8	(3.2)	(40.7)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.3)		—	—	—	(0.3)
Foreign currency translation adjustments	(1.8)		—	—	—	(1.8)
	(2.1)		—	—	—	(2.1)

Total
Benefit plan adjustments(a)	(17.6)		4.1	16.1	(4.6)	(2.0)
Foreign currency translation adjustments(b)	(46.0)		—	—	—	(46.0)

Gains (losses) on cash flow hedges(c)	10.5		(3.4)	(3.3)	1.4	5.2
	$	(53.1)	0.7	12.8	(3.2)	(42.8)

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)

(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 expense:


	Three Months Ended March 31,
(In millions)		2021		2020
Total net periodic retirement benefit cost included in:
Cost of revenues		$	1.7	2.4
Selling, general and administrative expenses		0.5		0.5
Interest and other nonoperating expense		9.6		9.1

(b)2021 foreign currency translation adjustment amounts arising during the current period reflect primarily the devaluation of the euro and Brazilian real. 2020 foreign currency translation adjustment amounts arising during the period reflect primarily the devaluation of 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) ($6.1 million gain in the three months ended March 31, 2021 and $26.1 million gain in the three months ended March 31, 2020)

•interest expense ($2.7 million of expense in the three months ended March 31, 2021 and $1.5 million of expense in the three months ended March 31, 2020).

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	Gains (Losses) on Cash Flow Hedges	Total

Balance as of December 31, 2020	$	(614.8)	(363.2)	(22.0)	(1,000.0)
Other comprehensive income (loss) before reclassifications	(13.2)		(44.2)	7.1	(50.3)
Amounts reclassified from accumulated other comprehensive loss to net income	11.5		—	(1.9)	9.6
Other comprehensive income (loss) attributable to Brink's	(1.7)		(44.2)	5.2	(40.7)

Balance as of March 31, 2021	$	(616.5)	(407.4)	(16.8)	(1,040.7)