Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 41

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 41
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 necessary to operate our business in the ordinary course and are not considered when the CODM evaluates segment results. These include non-recurring as well as certain recurring costs and gains which are not considered to be part of the Company's operations and revenue generating activities. Each of the items in the “Other Items Not Allocated to Segments” table is excluded from non-GAAP operating profit. 

Corporate Expenses

Years Ended December 31,% change(In millions, except for percentages)20242023202220242023General, administrative and other expenses$(167.2)(152.8)(161.5)9 (5)Foreign currency transaction gains (losses)23.9 15.3 10.9 56 40 Reconciliation of segment policies to GAAP(0.1)(2.1)1.8 (95)unfavCorporate expenses$(143.4)(139.6)(148.8)3 (6)

Corporate expenses in 2024 increased by $3.8 million versus the prior year. This was primarily driven by higher net compensation costs, including share-based compensation and bonus accruals ($11.8 million), partially offset by higher foreign currency transaction gains ($8.6 million). 

Other Items Not Allocated to Segments

Years Ended December 31,% change(In millions, except for percentages)20242023202220242023Reorganization and restructuring$(1.5)(17.6)(38.8)(91)(55)Acquisitions and dispositions(62.5)(70.6)(86.6)(11)(18)Argentina highly inflationary impact(35.0)(86.8)(41.7)(60)unfavTransformation initiatives(28.4)(5.5)— unfavunfavDOJ/FinCEN investigations(45.7)— — unfav— Non-routine auto loss matter(2.0)(8.0)— (75)unfavChange in allowance estimate— — (15.6)— (100)Ship loss matter— — (4.9)— (100)Chile antitrust matter(1.3)(0.5)(1.4)unfav(64)Reporting compliance— (0.8)— (100)— Total Other items not allocated to segments$(176.4)(189.8)(189.0)(7)— 

26

Reorganization and restructuring 

Costs associated with