Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 51

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 51
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 to estimate our U. S. retirement obligations can be found in our Annual Report on Form 10-K for the year ended December 31, 2024. The estimated amounts will change in the future to reflect payments made, investment returns, actuarial revaluations, and other changes in estimates. Actual amounts could differ materially from the estimated amounts and will be updated at December 31, 2025.

Our most significant actuarial assumptions include:

•Changing discount rates and other assumptions in effect at measurement dates (normally December 31)

• Investment returns on plan assets

• Addition of new participants (historically immaterial due to freezing of pension benefits and exit from coal business)

• Mortality rates

• Change in laws

  Funded Status of U. S. Retirement Plans                                                                                           
                                               Actual      Actual        Projected                                                  
  (In millions)                                2024        1Q 2025      2Q-4Q 2025        2026        2027        2028        2029  
  Primary U. S. pension plan                                                                                                        
  Beginning funded status                      $           8.2                11.5        14.0        19.9        26.9        39.5  
  Net periodic pension credit (a)              16.0        3.3                10.1        11.3         9.0         9.4         9.6  
  Payment from Brink’s                         —           —                     —           —         1.3         5.5         1.5  
  Benefit plan experience loss                 3.1         —                 (7.6)       (5.4)       (3.3)       (2.3)       (1.6)  
  Ending funded status                         $           11.5               14.0        19.9        26.9        39.5        49.0  
  UMWA plans                                                                                                                        
  Beginning funded status                      $           (42.7)           (40.8)      (42.3)      (41.9)      (41.6)      (41.5)  
  Net periodic postretirement cost (a)         0.6         0.1                 0.3         0.4         0.3         0.1       (0.1)