Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 13

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 currency translation adjustment amounts arising during the six months ended June 30, 2025 reflect primarily the appreciation of the euro, the Mexican peso, the Brazilian real, the Malaysian ringgit and the Romanian leu. 2024 foreign currency translation adjustment amounts arising during the six months ended June 30, 2024 reflect primarily the devaluation of the Mexican peso, the Brazilian real, and the Chilean peso.

(c) Unrealized gains and losses on available-for-sale debt securities are initially recognized in accumulated other comprehensive income (loss). When sold, gains and losses are then realized and reclassified to the condensed consolidated statements of operations in the same period. Pretax amounts are classified in the condensed consolidated statements of operations as interest and other income (expense).

(d) Pretax gains and losses on cash flow hedges are classified in the condensed consolidated statements of operations as in terest expense ($ 2.1 reduction to expense in the three months ended June 30, 2025 and $ 4.7$ 4.6 reduction to expense in the six months ended June 30, 2025 and$ 9.7 reduction to expense in the six months ended June 30, 2024).

The changes in accumulated other comprehensive loss attributable to Brink’s are as follows:

  (In millions)                                                                     Benefit Plan Adjustments                    Foreign Currency Translation Adjustments      Gains (Losses) on Available-for-Sale Securities      Gains (Losses) on Cash Flow Hedges         Total  
  Balance as of December 31, 2024                                                   $                             ( 260.4)                                      ( 556.7)                                               ( 3.3)                                    16.3      ( 804.1)  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Other comprehensive income (loss) before reclassifications                        ( 5.6)                                                                         134.4                                               ( 2.7)                                  ( 0.3)         125.8  
  Amounts reclassified from accumulated other comprehensive loss to net income      2.1                                                                           ( 1.8)                                                  4.5                                  ( 3.5)           1.3  
  Other comprehensive loss attributable to Brink's                                  ( 3.5)                                                                         132.6                                                  1.8                                  ( 3.8)