Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 53

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 53
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 Lung

Under the Federal Black Lung Benefits Act of 1972, Brink’s is responsible for paying lifetime black lung benefits to miners and their dependents for claims filed and approved after June 30, 1973. There were approximately 700 black lung beneficiaries as of December 31, 2024.

Summary of Expenses Related to All U. S. Retirement Liabilities through 2029

This table summarizes actual and projected expense related to U. S. retirement liabilities.

                                   Actual       Projected                                                          
  (In millions)                   1Q 2025      2Q-4Q 2025      FY2025       2026       2027       2028       2029  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Primary U. S. pension plan        (2.0)           (6.1)       (8.1)      (0.6)        6.6        4.9        3.9  
  UMWA plans                        (2.4)           (7.1)       (9.5)      (4.8)      (4.6)      (4.5)      (4.3)  
  Black lung plans                    1.9             5.8         7.7        7.1        6.6        6.1        5.6  
  Total                             (2.5)           (7.4)       (9.9)        1.7        8.6        6.5        5.2  

Summary of Payments from Brink’s to U. S. Plans and Payments from U. S. Plans to Participants through 2029

This table summarizes actual and projected payments from Brink’s to U. S. retirement plans and from the plans to participants.

                                                  Actual       Projected                                                      
  (In millions)                                  1Q 2025      2Q-4Q 2025      FY2025      2026      2027      2028      2029  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Payments from Brink’s to U. S. Plans                                                                                        
  Primary U. S. pension plan                           —               —           —         —       1.3       5.5       1.5  
  Black