Accumulated other comprehensive income (loss) (Tables)

3 Months Ended

Mar. 31, 2024

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

Comprehensive Income (Loss)

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, 2024
Amounts attributable to Brink's:
Benefit plan adjustments	$	(0.7)	0.1	2.1	(0.5)	1.0
Foreign currency translation adjustments(b)	(18.6)		(2.2)	(1.1)	0.3	(21.6)
Gains (losses) on available-for-sale securities	1.1		(1.9)	—	—	(0.8)
Gains (losses) on cash flow hedges	15.7		(3.5)	(5.0)	1.2	8.4
	(2.5)		(7.5)	(4.0)	1.0	(13.0)
Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	(1.8)		—	—	—	(1.8)
	(1.8)		—	—	—	(1.8)
Total
Benefit plan adjustments(a)	(0.7)		0.1	2.1	(0.5)	1.0
Foreign currency translation adjustments(b)	(20.4)		(2.2)	(1.1)	0.3	(23.4)
Gains (losses) on available-for-sale securities(c)	1.1		(1.9)	—	—	(0.8)
Gains (losses) on cash flow hedges(d)	15.7		(3.5)	(5.0)	1.2	8.4
	$	(4.3)	(7.5)	(4.0)	1.0	(14.8)
Three months ended March 31, 2023
Amounts attributable to Brink's:
Benefit plan adjustments	$	(0.5)	(0.1)	0.6	(0.1)	(0.1)
Foreign currency translation adjustments(b)	44.6		0.1	(1.4)	0.3	43.6
Gains (losses) on available-for-sale securities	(1.9)		0.7	—	—	(1.2)
Gains (losses) on cash flow hedges	(8.4)		2.4	(0.3)	(0.2)	(6.5)
	33.8		3.1	(1.1)	—	35.8
Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	0.2		—	—	—	0.2
	0.2		—	—	—	0.2
Total
Benefit plan adjustments(a)	(0.5)		(0.1)	0.6	(0.1)	(0.1)
Foreign currency translation adjustments(b)	44.8		0.1	(1.4)	0.3	43.8
Gains (losses) on available-for-sale securities(c)	(1.9)		0.7	—	—	(1.2)
Gains (losses) on cash flow hedges(d)	(8.4)		2.4	(0.3)	(0.2)	(6.5)
	$	34.0	3.1	(1.1)	—	36.0

(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)	2024		2023
Total net periodic retirement benefit cost included in:
Cost of revenues	$	1.7	1.4
Selling, general and administrative expenses	0.6		0.5
Interest and other nonoperating expense	1.1		0.7

(b)2024 foreign currency translation adjustment amounts arising during the three months ended March 31, 2024 reflect primarily the devaluation of the Chilean peso, the Brazilian real, and the euro, partially offset by the appreciation of the Mexican peso. 2023 foreign currency translation adjustment amounts arising during the three months ended March 31, 2023 reflect primarily the appreciation of the Mexican peso, the Brazilian real, the Chilean peso, the euro, and the British pound.

(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 nonoperating 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) (no gains or losses in the three months ended March 31, 2024 and $3.4 million loss in the three months ended March 31, 2023).

•interest expense ($5.0 million reduction to expense in the three months ended March 31, 2024 and $3.7 million reduction to expense in the three months ended March 31, 2023).

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 Available-for-Sale Securities	Gains (Losses) on Cash Flow Hedges	Total
Balance as of December 31, 2023	$	(302.2)	(368.2)	(1.8)	16.2	(656.0)
Other comprehensive income (loss) before reclassifications	(0.6)		(20.8)	(0.8)	12.2	(10.0)
Amounts reclassified from accumulated other comprehensive loss to net income	1.6		(0.8)	—	(3.8)	(3.0)
Other comprehensive income (loss) attributable to Brink's	1.0		(21.6)	(0.8)	8.4	(13.0)
Balance as of March 31, 2024	$	(301.2)	(389.8)	(2.6)	24.6	(669.0)