Interest and Other Nonoperating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2021

Interest and Other Income [Abstract]

Schedule of Other Nonoperating Income (Expense)

Interest and Other Nonoperating Income (Expense)

	Years Ended December 31,
(In millions)	2021		2020	2019
Interest income	$	12.1	5.6	5.6
Gain (loss) on equity securities(a)	16.0		10.6	(2.9)
Foreign currency transaction gains (losses)(b)	0.4		(3.6)	—
Derivative instrument losses(c)	—		(7.0)	—
Retirement benefit cost other than service cost	(38.7)		(37.9)	(52.7)
G4S indemnification asset adjustment(d)	2.7		—	—
Acquisition-related gains (losses)(e)	0.4		—	—
Penalties and interest on non-income taxes(f)	(1.8)		—	—
Interest on Colombia tax claim(g)	—		—	(1.1)
Non-income taxes on intercompany billings(h)	(3.9)		(4.6)	(4.2)
Venezuela operations(i)	—		—	(0.9)
Gain on lease termination(j)	—		—	5.2
Gain on a disposition of a subsidiary(k)	—		4.1	—
Interest on non-income tax credits(l)	1.2		—	—
Earn-out liability adjustment(m)	1.3		—	—
Gains related to litigation(n)	1.7		—	—
Other	1.6		(4.9)	(1.7)
Interest and other nonoperating income (expense)	$	(7.0)	(37.7)	(52.7)

(a)The gain is primarily related to the market value increase of an investment in MoneyGram International, Inc. The investment was sold in 2021 and the gain was fully realized.

(b)Amounts in 2021 and 2020 primarily represent currency transaction gains and losses on contingent consideration payable related to G4S business acquisitions.

(c)Represents loss on foreign currency forward contracts related to acquisition of business operations from G4S.

(d)Adjustment to indemnification asset related to business operations acquired from G4S. This adjustment was recognized outside of the measurement period for the related business operations acquired from G4S.

(e)This amount includes a gain on settlement with G4S related to business operations acquired. The gain was partially offset by losses associated with the write off of indemnification assets related to income tax contingency reversals from businesses acquired in Brazil. These adjustments were recognized outside of the measurement periods for the related business operations acquired.

(f)Represents penalties and interest on non-income taxes that have not yet been paid.

(g)Related to an unfavorable court ruling in 2019 on a non-income tax claim in Colombia. The court ruled that Brink's must pay interest accruing from 2009 to the current date. The principal amount of the claim was less than $1 million and was recognized in selling, general and administrative expenses in 2019.

(h)Certain of our Latin American subsidiaries incur non-income taxes related to the billing of intercompany charges. These intercompany charges do not impact the Latin America segment results and are eliminated in our consolidation.

(i)Charges incurred for providing financial support to Brink's Venezuelan subsidiaries after the June 30, 2018 deconsolidation. We do not expect any future funding of the Venezuela business, as long as current U.S. sanctions remain in effect.

(j)Gain on termination of a mining lease obligation related to former coal operations. We have no remaining mining leases.

(k)This gain is primarily related to the sale of our former French security services subsidiary in the first quarter of 2020.

(l)Represents interest on non-income tax credits related to our business operations in Brazil. In the third quarter of 2021, our Brazil operations received a favorable court decision related to non-income taxes paid in prior years and will be able to recover the overpayments, plus interest, by reducing payments on future tax obligations.

(m)Adjustment to the liability for contingent consideration pertaining to the 2019 Balance Innovations business acquisition.

(n)Related to a favorable court ruling in litigation with a customer of our Romania business. The court ruled that the customer must pay our subsidiary in Romania for services provided many years ago. The principal amount of the settlement is reported in operating income (expense). The penalties for years of non-payment are reported in interest and other nonoperating income (expense).