Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 11

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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                     ( 47.2)  
  Argentina highly inflationary impact (c)                                  ( 4.7)                   ( 10.8)                               ( 9.1)                     ( 23.8)  
  Transformation initiatives                                                ( 8.1)                    ( 9.5)                              ( 18.6)                     ( 21.5)  
  DOJ/FinCEN investigations                                                 ( 3.7)                    ( 1.7)                               ( 5.5)                      ( 7.7)  
  Chile antitrust matter                                                    ( 0.2)                    ( 0.6)                               ( 0.6)                      ( 1.1)  
  Non-routine auto loss matter                                              ( 1.0)                    ( 0.5)                               ( 1.0)                      ( 0.5)  
  Operating profit                                                               $        152.4        111.6                                    $         405.4         348.5  

(a) This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U. S. GAAP.

(b) See "Other Items not Allocated to Segments" for a description of these items.

(c) See "Depreciation Adjustment" in Note 1 for more details.

Other Items not Allocated to Segments

Reorganization and restructuring Net charges incurred in relation to certain restructuring actions include primarily severance charges and asset impairment losses. The 2022 Global Restructuring Plan was designed to, among other things, enable growth, reduce costs and related infrastructure, and mitigate the potential impact of external economic conditions in light of the COVID-19 pandemic. Other restructuring actions were primarily in response to the COVID-19 pandemic and a decision to exit a line of business in our Canada operating unit.

Acquisitions and dispositions These items include non-cash amortization expense for acquisition-related intangible assets, as well as integration, transaction, restructuring and certain compensation costs.

Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, Argentine peso-denominated monetary assets and liabilities are now remeasured at each balance sheet date to the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In addition, nonmonetary assets retain a higher historical basis when the currency is de