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

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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3  
  Net periodic pension cost (credit)                 $                ( 2.4)                   4.5         4.7          2.6          2.3  

The components of net periodic pension cost (credit) other than the service cost component are included in interest and other nonoperating income (expense) in the condensed consolidated statements of operations.

We did not make cash contributions to the primary U. S. pension plan in 2024 or the first three months of 2025. Based on current assumptions described in our Annual Report on Form 10-K for the year ended December 31, 2024, we do not expect to make contributions to the primary U. S. pension plan until 2027.

Retirement benefits other than pensions

We provide retirement healthcare benefits for eligible current and former U. S., Canadian, and Brazilian employees. Retirement benefits related to our former U. S. coal operations include medical benefits provided by the Pittston Coal Group Companies Employee Benefit Plan for United Mine Workers of America Represented Employees (the “ UMWA plans”) as well as costs related to Black Lung obligations.

The components of net periodic postretirement cost (credit) related to retirement benefits other than pensions were as follows:

                                                                       UMWA Plans                  Black Lung and Other Plans                 Total              
  (In millions)                                                              2025        2024      2025                            2024        2025        2024  
  Three months ended March 31,                                                                                                                                   
  Service cost                                                                  $           —      —                                0.1           —         0.1  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest cost on accumulated postretirement benefit obligations             2.3         2.6      1.1                              1.3         3.4         3.9  
  Return on assets – expected                                              ( 2.4)      ( 2.5)      —                                  —      ( 2.4)      ( 2.5)  
  Amortization of losses                                                      0.3         1.3      0.9                              1.1         1.2         2.4  
  Amortization of prior service cost (credit)                              ( 2.6)      ( 2.8)      —                                  —      ( 2.6)      ( 2.