XML 67 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
December 31,
(In millions)20212020
Debt:
Short-term borrowings
Other (year-end weighted-average interest rate of 6.7% in 2021 and 5.4% in 2020)
$9.8 14.2 
Total short-term borrowings$9.8 14.2 
Long-term debt
Bank credit facilities:
Term loan A (year-end effective interest rate of 1.9% in 2021 and 2.1% in 2020)
less unamortized issuance cost of $3.7 million in 2021 and $5.4 million in 2020
$1,224.7 1,292.4 
Senior unsecured notes (year-end effective interest rate of 4.6% and 5.5% respectively for "2017 Senior Notes" and "2020 Senior Notes" in 2021 and 2020)
less unamortized issuance cost of $10.2 million in 2021 and $12.5 million in 2020
989.8 987.5 
Revolving Credit Facility (year-end weighted average interest rate of 2.5% in 2021)
495.0 — 
Other facilities (year-end weighted-  
average interest rate of 1.6% in 2021 and 1.9% in 2020)(a)
68.9 40.2 
Financing leases (year-end weighted-average interest rate of 4.4% in 2021 and 4.0% in 2020)
178.5 151.4 
Total long-term debt$2,956.9 2,471.5 
Total Debt$2,966.7 2,485.7 
Included in:  
Current liabilities$125.0 151.5 
Noncurrent liabilities2,841.7 2,334.2 
Total debt$2,966.7 2,485.7 

(a)Other facilities includes $57.5 million related to the Brink’s Capital credit facility at December 31, 2021, compared to $3.7 million at December 31, 2020. The facility had $1,697.2 million in borrowings and $1,643.4 million in repayments in 2021, which is reflected in the long-term revolving credit facilities movement in the consolidated statements of cash flows.
Schedule of Minimum Repayments of Long-term Debt
Minimum repayments of long-term debt are as follows:
(In millions) Financing leasesOther long-term debtTotal
2022$43.0 72.2 115.2 
202341.4 72.1 113.5 
202434.1 1,586.6 1,620.7 
202526.0 459.5 485.5 
202618.1 1.1 19.2 
Later years15.9 600.8 616.7 
Total$178.5 2,792.3 2,970.8 
Schedule of Financing Lease Asset Classes
Property and equipment acquired under financing leases are included in property and equipment as follows:
December 31,
(In millions)20212020
Asset class:  
Buildings$6.5 4.1 
Vehicles300.7 276.9 
Machinery and equipment43.8 17.4 
 351.0 298.4 
Less: accumulated amortization(144.5)(128.9)
Total$206.5 169.5