Accumulated other comprehensive income (loss) (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30, 2022

Amounts attributable to Brink's:
Benefit plan adjustments	$	1.9	(0.1)	9.6	(2.3)	9.1
Foreign currency translation adjustments(b)	(56.1)		4.8	(1.5)	0.3	(52.5)
Unrealized losses on available-for-sale securities	(0.3)		(0.1)	—	—	(0.4)
Gains (losses) on cash flow hedges	15.0		(3.9)	(3.2)	1.3	9.2
	(39.5)		0.7	4.9	(0.7)	(34.6)

Amounts attributable to noncontrolling interests:

Foreign currency translation adjustments	(5.0)		—	—	—	(5.0)
	(5.0)		—	—	—	(5.0)

Total
Benefit plan adjustments(a)	1.9		(0.1)	9.6	(2.3)	9.1
Foreign currency translation adjustments(b)	(61.1)		4.8	(1.5)	0.3	(57.5)
Unrealized losses on available-for-sale securities(c)	(0.3)		(0.1)	—	—	(0.4)
Gains (losses) on cash flow hedges(d)	15.0		(3.9)	(3.2)	1.3	9.2
	$	(44.5)	0.7	4.9	(0.7)	(39.6)

Three months ended June 30, 2021

Amounts attributable to Brink's:
Benefit plan adjustments	$	(1.0)	0.9	15.1	(3.7)	11.3
Foreign currency translation adjustments(b)	38.7		(2.0)	(1.1)	0.2	35.8

Gains (losses) on cash flow hedges	(11.9)		4.2	14.6	(4.8)	2.1
	25.8		3.1	28.6	(8.3)	49.2

Amounts attributable to noncontrolling interests:

Foreign currency translation adjustments	0.3		—	—	—	0.3
	0.3		—	—	—	0.3

Total
Benefit plan adjustments(a)	(1.0)		0.9	15.1	(3.7)	11.3
Foreign currency translation adjustments(b)	39.0		(2.0)	(1.1)	0.2	36.1

Gains (losses) on cash flow hedges(d)	(11.9)		4.2	14.6	(4.8)	2.1
	$	26.1	3.1	28.6	(8.3)	49.5


	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)
Six months ended June 30, 2022

Amounts attributable to Brink's:
Benefit plan adjustments	$	1.0	0.1	19.7	(4.7)	16.1
Foreign currency translation adjustments(b)	(21.0)		4.4	(3.0)	0.7	(18.9)
Unrealized losses on available-for-sale securities	(0.7)		(0.1)	—	—	(0.8)
Gains (losses) on cash flow hedges	13.8		(1.8)	11.4	(3.5)	19.9
	(6.9)		2.6	28.1	(7.5)	16.3

Amounts attributable to noncontrolling interests:

Foreign currency translation adjustments	(6.5)		—	—	—	(6.5)
	(6.5)		—	—	—	(6.5)

Total
Benefit plan adjustments(a)	1.0		0.1	19.7	(4.7)	16.1
Foreign currency translation adjustments(b)	(27.5)		4.4	(3.0)	0.7	(25.4)
Unrealized losses on available-for-sale securities(c)	(0.7)		(0.1)	—	—	(0.8)
Gains (losses) on cash flow hedges(d)	13.8		(1.8)	11.4	(3.5)	19.9
	$	(13.4)	2.6	28.1	(7.5)	9.8

Six months ended June 30, 2021

Amounts attributable to Brink's:
Benefit plan adjustments	$	(18.3)	5.0	31.2	(8.3)	9.6
Foreign currency translation adjustments(b)	(5.5)		(2.0)	(1.1)	0.2	(8.4)

Gains (losses) on cash flow hedges	(1.4)		0.8	11.3	(3.4)	7.3
	(25.2)		3.8	41.4	(11.5)	8.5

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.3)		—	—	—	(0.3)
Foreign currency translation adjustments	(1.5)		—	—	—	(1.5)
	(1.8)		—	—	—	(1.8)

Total
Benefit plan adjustments(a)	(18.6)		5.0	31.2	(8.3)	9.3
Foreign currency translation adjustments(b)	(7.0)		(2.0)	(1.1)	0.2	(9.9)

Gains (losses) on cash flow hedges(d)	(1.4)		0.8	11.3	(3.4)	7.3
	$	(27.0)	3.8	41.4	(11.5)	6.7

(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 June 30,			Six Months Ended June 30,
(In millions)	2022		2021	2022		2021
Total net periodic retirement benefit cost included in:
Cost of revenues	$	1.7	2.0	$	3.3	3.7
Selling, general and administrative expenses	0.4		0.6	0.9		1.1
Interest and other nonoperating expense	3.2		8.7	8.0		18.3

(b)2022 foreign currency translation adjustment amounts arising during the three months ended June 30, 2022 reflect primarily the devaluation of the British pound, the Brazilian real, and the Chilean peso. 2021 foreign currency translation adjustment amounts arising during the three months ended June 30, 2021 reflect primarily the appreciation of the Brazilian real, the euro and the Mexican peso. 2022 foreign currency translation adjustment amounts arising during the six months ended June 30, 2022 reflect primarily the devaluation of the British pound and the euro, partially offset by appreciation of the Brazilian real. 2021 foreign currency translation adjustment amounts arising during the six months ended June 30, 2021 reflect primarily the devaluation of the euro, partially offset by the appreciation of the Brazilian real.

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

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

•other operating income (expense) ($5.3 million gain in the three months ended June 30, 2022 and $11.7 million loss in the three months ended June 30, 2021; as well as $6.5 million loss in the six months ended June 30, 2022 and $5.6 million loss in the six months ended June 30, 2021)

•interest expense ($2.1 million of expense in the three months ended June 30, 2022 and $3.0 million of expense in the three months ended June 30, 2021; as well as $4.9 million of expense in the six months ended June 30, 2022 and $5.7 million of expense in the six months ended June 30, 2021).

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 Losses on Available-for-Sale Securities	Gains (Losses) on Cash Flow Hedges	Total

Balance as of December 31, 2021	$	(474.0)	(425.7)	(0.1)	(8.1)	(907.9)
Other comprehensive income (loss) before reclassifications	1.1		(16.6)	(0.8)	12.0	(4.3)
Amounts reclassified from accumulated other comprehensive loss to net income	15.0		(2.3)	—	7.9	20.6
Other comprehensive income (loss) attributable to Brink's	16.1		(18.9)	(0.8)	19.9	16.3

Balance as of June 30, 2022	$	(457.9)	(444.6)	(0.9)	11.8	(891.6)