Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 52

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 52
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, and other changes in estimates. Actual amounts could differ materially from the estimated amounts and will be updated at December 31, 2025.

Our most significant actuarial assumptions include:

•Changing discount rates and other assumptions in effect at measurement dates (normally December 31)

• Investment returns on plan assets

• Addition of new participants (historically immaterial due to freezing of pension benefits and exit from coal business)

• Mortality rates

• Change in laws

  Funded Status of U. S. Retirement Plans                                                                                                   
                                               Actual      Actual                Projected                                                  
  (In millions)                                2024        First Half 2025      3Q-4Q 2025        2026        2027        2028        2029  
  Primary U. S. pension plan                                                                                                                
  Beginning funded status                      $           8.2                        15.0        14.1        20.0        27.0        39.6  
  Net periodic pension credit (a)              16.0        6.8                         6.7        11.3         9.0         9.4         9.6  
  Payment from Brink’s                         —           —                             —           —         1.3         5.5         1.5  
  Benefit plan experience loss                 3.1         —                         (7.6)       (5.4)       (3.3)       (2.3)       (1.6)  
  Ending funded status                         $           15.0                       14.1        20.0        27.0        39.6        49.1  
  UMWA plans                                                                                                                                
  Beginning funded status                      $           (42.7)                   (41.7)      (42.7)      (42.3)      (42.0)      (41.9)  
  Net periodic postretirement cost (a)         0.6         0.1                       (0.1)         0.4         0.3         0.1       (0.1)  
  Benefit plan experience gain                 42.9        —                             —           —           —           —           —  
  Other                                        (8.3)       0.9                       (0.9)           —           —           —           —  
  Ending funded