Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 246

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 246
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77.9)(42.7)(42.2)(41.8)(41.5)(41.4)Net periodic postretirement cost(a)0.6 0.5 0.4 0.3 0.1 (0.1)Benefit plan actuarial gain42.9 — — — — — Other(8.3)— — — — — Ending funded status$(42.7)(42.2)(41.8)(41.5)(41.4)(41.5)Black Lung plans      Beginning funded status$(74.4)(69.8)(64.4)(59.4)(54.9)(50.7)Net periodic postretirement cost(a)(3.6)(3.6)(3.3)(3.1)(2.8)(2.6)Payment from Brink’s8.0 9.0 8.3 7.6 7.0 6.4 Benefit plan actuarial loss0.2 — — — — — Ending funded status$(69.8)(64.4)(59.4)(54.9)(50.7)(46.9)

(a)Excludes amounts reclassified from accumulated other comprehensive income (loss).

Primary U.S. Pension Plan

Pension benefits provided to eligible U.S. employees were frozen on December 31, 2005, and benefits are not provided to employees hired after 2005 or to those covered by a collective bargaining agreement. We did not make cash contributions to the primary U.S. pension plan in 2024. There are approximately 10,300 beneficiaries in the plan.

Based on our current assumptions, we do not expect to make contributions until 2027.

UMWA Plan

Retirement benefits related to former coal operations include medical benefits provided by the Pittston Coal Group Companies Employee Benefit Plan for UMWA Represented Employees. There are approximately 2,200 beneficiaries in the UMWA plans. The company does not expect to make contributions to these plans until 2040, based on our actuarial assumptions.

Black 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 are approximately 700 black lung beneficiaries as of December