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Accumulated Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) 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)
2022 |  |  |  |  |  |  |  |  |
Amounts attributable to Brink's: |  |  |  |  |  |  |  |  |
Benefit plan adjustments | $ | 197.3 |  |  | (45.4) |  |  | 41.5 |  |  | (10.1) |  |  | 183.3 |
Foreign currency translation adjustments(b) | (6.5) |  |  | 2.7 |  |  | (5.8) |  |  | 1.4 |  |  | (8.2) |
Unrealized gains (losses) on available-for-sale securities | (1.2) |  |  | 0.5 |  |  | 0.3 |  |  | (0.1) |  |  | (0.5) |
Gains (losses) on cash flow hedges | 25.2 |  |  | (0.8) |  |  | 12.4 |  |  | (4.1) |  |  | 32.7 |
| 214.8 |  |  | (43.0) |  |  | 48.4 |  |  | (12.9) |  |  | 207.3 |
Amounts attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Benefit plan adjustments | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 0.4 |
Foreign currency translation adjustments | (6.7) |  |  | — |  |  | — |  |  | — |  |  | (6.7) |
| (6.3) |  |  | — |  |  | — |  |  | — |  |  | (6.3) |
Total |  |  |  |  |  |  |  |  |
Benefit plan adjustments(a) | 197.7 |  |  | (45.4) |  |  | 41.5 |  |  | (10.1) |  |  | 183.7 |
Foreign currency translation adjustments(b) | (13.2) |  |  | 2.7 |  |  | (5.8) |  |  | 1.4 |  |  | (14.9) |
Unrealized gains (losses) on available-for-sale securities(c) | (1.2) |  |  | 0.5 |  |  | 0.3 |  |  | (0.1) |  |  | (0.5) |
Gains (losses) on cash flow hedges(d) | 25.2 |  |  | (0.8) |  |  | 12.4 |  |  | (4.1) |  |  | 32.7 |
| $ | 208.5 |  |  | (43.0) |  |  | 48.4 |  |  | (12.9) |  |  | 201.0 |
2021 |  |  |  |  |  |  |  |  |
Amounts attributable to Brink's: |  |  |  |  |  |  |  |  |
Benefit plan adjustments | $ | 120.5 |  |  | (28.0) |  |  | 64.6 |  |  | (16.3) |  |  | 140.8 |
Foreign currency translation adjustments | (52.6) |  |  | (6.8) |  |  | (4.1) |  |  | 1.0 |  |  | (62.5) |
Unrealized gains (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 gains (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 |
See page 101 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)
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) |
(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) | 2022 |  | 2021 |  | 2020
Total net periodic retirement benefit cost included in: |  |  |  |  |
Cost of revenues | $ | 6.3 |  |  | 7.2 |  |  | 7.7 |
Selling, general and administrative expenses | 1.9 |  |  | 2.0 |  |  | 2.1 |
Interest and other nonoperating income (expense) | 16.7 |  |  | 38.7 |  |  | 37.9 |
(b)2022 foreign currency translation adjustment amounts reflect primarily the devaluation of the British pound and the Chilean peso, partially offset by appreciation of the Mexican peso and the Brazilian real. 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) ($8.9 million loss in 2022, $0.1 million gain in 2021 and $22.1 million gain in 2020.) •interest expense ($3.5 million of expense in 2022, $11.1 million of expense in 2021 and $9.8 million in 2020.) 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, 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) |
Other comprehensive income (loss) before reclassifications | 151.9 |  |  | (3.8) |  |  | (0.7) |  |  | 24.4 |  |  | 171.8 |
Amounts reclassified from accumulated other comprehensive loss to net income (loss) | 31.4 |  |  | (4.4) |  |  | 0.2 |  |  | 8.3 |  |  | 35.5 |
Other comprehensive income (loss) attributable to Brink's | 183.3 |  |  | (8.2) |  |  | (0.5) |  |  | 32.7 |  |  | 207.3 |
Acquisitions of noncontrolling interests | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Balance as of December 31, 2022 | $ | (290.7) |  |  | (433.8) |  |  | (0.6) |  |  | 24.6 |  |  | (700.5) |

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- Definition The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 + Details
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