Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

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)

2021

Amounts attributable to Brink's:
Benefit plan adjustments	$	120.5	(28.0)	64.6	(16.3)	140.8
Foreign currency translation adjustments(b)	(52.6)		(6.8)	(4.1)	1.0	(62.5)
Unrealized losses on available-for-sale securities	(0.1)		—	—	—	(0.1)
Gains (losses) on cash flow hedges	8.1		(2.5)	11.0	(2.7)	13.9
	75.9		(37.3)	71.5	(18.0)	92.1

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.4)		—	—	—	(0.4)
Foreign currency translation adjustments	(2.2)		—	—	—	(2.2)
	(2.6)		—	—	—	(2.6)

Total
Benefit plan adjustments(a)	120.1		(28.0)	64.6	(16.3)	140.4
Foreign currency translation adjustments(b)	(54.8)		(6.8)	(4.1)	1.0	(64.7)
Unrealized losses on available-for-sale securities(c)	(0.1)		—	—	—	(0.1)
Gains (losses) on cash flow hedges(d)	8.1		(2.5)	11.0	(2.7)	13.9
	$	73.3	(37.3)	71.5	(18.0)	89.5

2020

Amounts attributable to Brink's:
Benefit plan adjustments	$	(98.5)	22.7	56.7	(12.7)	(31.8)
Foreign currency translation adjustments	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(d)	1.1		(2.5)	(12.3)	4.9	(8.8)
	$	(73.0)	20.2	44.4	(7.8)	(16.2)

See page 105 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)

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(d)	(18.8)		4.8	(0.2)	0.2	(14.0)
	$	(56.9)	9.2	61.2	(9.6)	3.9

(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)	2021		2020	2019

Total net periodic retirement benefit cost included in:
Cost of revenues	$	7.2	7.7	7.8
Selling, general and administrative expenses	2.0		2.1	2.3
Interest and other nonoperating income (expense)	38.7		37.9	52.7

(b)2021 foreign currency translation adjustment amounts reflect primarily the devaluation of the euro, the Chilean peso, the Brazilian real and the Mexican peso. 2020 foreign currency translation adjustment amounts reflect primarily the appreciation of the euro and various currencies related to the G4S acquisition, partially offset by the devaluation of the Brazilian real, the Mexican peso and the Colombian peso.

(c)Gains and losses on sales of available-for-sale debt securities are reclassified from accumulated other comprehensive income (loss) to the consolidated statements of operations when the gains or losses are realized. Pretax amounts are classified in the consolidated statements of operations as interest and other income (expense).

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

•other operating income (expense) ($0.1 million gain in 2021, $22.1 million gain in 2020 and $5.8 million gain in 2019.)

•interest expense ($11.1 million of expense in 2021, $9.8 million of expense in 2020 and $5.7 million in 2019.)

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, 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(a)	(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)
Other comprehensive income (loss) before reclassifications	92.5		(59.4)	(0.1)	5.6	38.6
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	48.3		(3.1)	—	8.3	53.5
Other comprehensive income (loss) attributable to Brink's	140.8		(62.5)	(0.1)	13.9	92.1

Balance as of December 31, 2021	$	(474.0)	(425.7)	(0.1)	(8.1)	(907.9)

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