Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 44

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 44
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 than service cost                     (0.6)                 0.4      unfav                     (1.5)      (1.0)      50      
  Argentina turnover tax                                              (0.7)               (0.3)      unfav                     (2.0)      (0.9)      unfav   
  Non-income taxes on intercompany billings (a)                       (0.8)               (0.5)      60                        (1.1)      (2.5)      (56)    
  Other                                                                 0.5               (2.5)      fav                       (0.3)      (0.7)      (57)    
  Interest and other nonoperating income (expense)                        $      1.5       10.5      (86)                          $       36.3      (69)    

(a) Certain of our subsidiaries incur non-income taxes related to the billing of intercompany charges. These intercompany charges do not impact segment results and are eliminated in our consolidation.

Income Taxes

                                                    Three Months                                 Nine Months                              
                                                    Ended September 30,                          Ended September 30,                      
  (In millions, except for effective tax rate)      2025                               2024      2025                               2024  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Continuing operations                                                                                                                   
  Provision for income taxes                        $                        53.0      27.2      $                        95.8      75.5  
  Effective tax rate                                58.6                               46.0      40.8                               36.0  

On July 4, 2025, the One Big Beautiful Bill Act (the "OBBBA") was enacted in the U. S. The OBBBA includes modifications to the U. S. taxation of worldwide income and the deductibility of interest expense, among other tax changes. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. As a result of the enactment of the OBBBA, we recorded a tax expense of $18.7 million from an increased valuation allowance on U. S. tax credit carryforwards.

Effective Income Tax Rate

Our effective tax rate may fluctuate materially from these estimates due to changes in pre-tax earnings, permanent book-tax differences, changes in the expected amount and geographical mix of earnings,