Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 12

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 due to the geographical mix of earnings, the seasonality of book losses for which no tax benefit can be recorded, nondeductible expenses in Mexico, taxes on cross border payments and U. S. taxable income and credit limitations.

On July 4, 2025, the One Big Beautiful Bill Act (the "OBBBA") was enacted in the U. S. The OBBBA includes modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. We are currently assessing its impact on our consolidated financial statements, including the impact to our deferred tax assets.

2024 Effective Income Tax Rate Compared to U. S. Statutory Rate

The effective income tax rate on continuing operations in the first six months of 2024 was greater than the 21% U. S. statutory rate due to the geographical mix of earnings, the seasonality of book losses for which no tax benefit can be recorded, nondeductible expenses in Mexico, taxes on cross border payments and U. S. taxable income and credit limitations.

Note 6 - Accumulated other comprehensive income (loss)

Other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive income (loss) into earnings, was as follows:

                                                           Amounts Arising During                               Amounts Reclassified to                                 
  (In millions)                                                            Pretax                   Income      Pretax                       Income        Total Other  
  Three months ended June 30, 2025                                                                                                                                      
  Amounts attributable to Brink's:                                                                                                                                      
  Benefit plan adjustments                                                      $       ( 4.4)         1.3      1.6                          ( 0.4)             ( 1.9)  
  Foreign currency translation adjustments (b)                               84.8                      8.0      ( 1.2)                       0.3                  91.9  
  Gains (losses) on available-for-sale securities                          ( 1.8)                   ( 1.2)      4.1                          —                     1.1  
  Gains (losses) on cash flow hedges                                       ( 0.3)                      0.1      ( 2.1)                       0.5                ( 1.8)  
                                                                             78.3                      8.2      2.4                          0.4                  89.