Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 13

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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.1)      ( 2.7)                   5.0         4.9          2.9          2.2  
  Nine months ended September 30,                                                                                                                     
  Service cost                                       $                —           —                        6.3         6.5          6.3          6.5  
  Interest cost on projected benefit obligation      23.5                         23.1                    13.3        13.3         36.8         36.4  
  Return on assets – expected                        ( 33.4)                      ( 34.8)               ( 8.6)      ( 8.6)      ( 42.0)      ( 43.4)  
  Amortization of losses                             3.9                          3.9                      2.1         1.9          6.0          5.8  
  Amortization of prior service cost                 —                            —                        0.2         0.1          0.2          0.1  
  Settlement loss                                    —                            —                        1.0         0.9          1.0          0.9  
  Net periodic pension cost (credit)                 $                ( 6.0)      ( 7.8)                  14.3        14.1          8.3          6.3  

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 nine 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 obligations for paying lifetime black lung benefits to miners and their dependents for claims under the Federal Black Lung Benefits Act of 197