Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 53

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 53
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 status                         $           (41.7)                   (42.7)      (42.3)      (42.0)      (41.9)      (42.0)  
  Black lung plans                                                                                                                          
  Beginning funded status                      $           (69.8)                   (67.2)      (64.3)      (59.3)      (54.8)      (50.6)  
  Net periodic postretirement cost (a)         (3.6)       (1.8)                     (1.7)       (3.3)       (3.1)       (2.8)       (2.6)  
  Payment from Brink’s                         8.0         4.4                         4.6         8.3         7.6         7.0         6.4  
  Benefit plan experience loss                 0.2         —                             —           —           —           —           —  
  Ending funded status                         $           (67.2)                   (64.3)      (59.3)      (54.8)      (50.6)      (46.8)  

(a) Excludes amounts reclassified from accumulated other comprehensive income (loss).

Primary U. S. Pension Plan

Pension benefits provided to eligible U. S. employees were frozen on December 31, 2005, and benefits are not provided to employees hired after 2005 or to those covered by a collective bargaining agreement. We did not make cash contributions to the primary U. S. pension plan in 2024 or the first six months of 2025. There are approximately 10,300 beneficiaries in the plan.

Based on our current assumptions, we do not expect to make contributions until 2027.

UMWA Plans

Retirement benefits related to former coal operations include medical benefits provided by the Pittston Coal Group Companies Employee Benefit Plan for UMWA Represented Employees. There were approximately2,200 beneficiaries in the UMWA plans as of December 31, 2024. The Company does not expect to make additional contributions to these plans until 2040, based on actuarial assumptions.

Black Lung

Under the Federal Black Lung Benefits Act of 1972, Brink’s is responsible for paying lifetime black lung benefits to miners and their dependents for claims filed and approved after June 30, 1973. There were approximately 700 black lung beneficiaries as of