Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 223

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 223
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. These third-party costs are not part of the Company's operations and revenue generating activities. Additionally, the nature of these amounts is such that they are not reasonably likely to recur within two years, nor were similar costs incurred within the prior two years of the underlying event. Management has excluded these amounts when evaluating internal performance. Therefore, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.

29

Other Operating Income and Expense 

Amounts below represent consolidated other operating income and expense.

Years Ended December 31,% change(In millions, except for percentages)20242023202220242023Foreign currency items:     Transaction gains (losses)$16.5 (85.1)(68.7)fav24 Derivative instrument gains (losses)(11.0)21.3 42.0 unfav(49)Royalty income8.0 7.5 9.1 7 (18)Impairment losses(4.8)(10.3)(9.0)(53)14 Indemnification asset adjustments(2.4)(3.4)(7.8)(29)(56)Contingent consideration liability adjustments— 6.2 — (100)favGains on sale of property and other assets3.9 1.9 2.7 fav(30)Share in earnings of equity method affiliates3.0 2.8 2.1 7 33 Other5.5 4.9 4.3 12 14 Other operating income (expense)$18.7 (54.2)(25.3)favunfav

2024 versus 2023 

We reported other operating income of $18.7 million in 2024 versus other operating expense of $54.2 million in the prior year. The change was primarily due to net gains of $5.5 million from foreign currency items in 2024 as compared to net losses of $63.8 million from foreign currency items in 2023. This change was driven primarily by lower currency remeasurement losses in 2024 related to highly inflationary accounting in Argentina. The foreign currency items above do not include business acquisition-related currency items which are reported in interest and other nonoperating income (expense).

30

Nonoperating Income and Expense

Interest Expense

Years Ended December 31,% change(In millions, except for percentages)202420232022202420