Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 41

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 41
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 on corporate debt and overall higher borrowing levels. Borrowings were primarily used to fund growth in our DRS business and other general corporate initiatives.

Interest and other nonoperating income (expense)

                                                                                 %              
  (In millions, except for percentages)                  2025                 2024      change  
 ────────────────────────────────────────────────────────────────────────────────────────────────
  Interest income                                           $      10.9       15.6      (30)    
  Gain (loss) on equity and debt securities             (0.2)                  0.5      unfav   
  Foreign currency transaction gains (losses)           (0.7)                  0.1      unfav   
  Retirement benefit cost other than service cost       (0.2)                (1.1)      (82)    
  Argentina turnover tax                                (0.7)                (1.1)      (36)    
  Non-income taxes on intercompany billings (a)         (0.2)                (0.4)      (50)    
  Other                                                 (1.0)                (0.3)      unfav   
  Interest and other nonoperating income (expense)          $       7.9       13.3      (41)    

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

Income Taxes

                                                    Three Months                                   
                                                    Ended March 31,                                
  (In millions, except for effective tax rate)                           2025                2024  
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Continuing operations                                                                            
  Provision for income taxes                                             $         15.6      26.2  
  Effective tax rate                                                     22.4                33.4  

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, changes in current or deferred taxes due to legislative changes, changes in valuation allowances or accruals for contingencies, changes in distributions of share-based payments, changes in U. S. taxable income, and other factors.

Noncontrolling Interests

                                                           Three Months                               %              
                                                           Ended March 31,                                           
  (In millions, except for percentages)