View Filing Data

Net income (loss) attributable to Brink’s

$ 935.8

$ 928.4

$ 914.0

$ 905.0

$ 907.7

$ 852.4

$ 849.7

$ 879.1

$ 3,683.2

$ 3,488.9

$ 3,347.0

Operating Profit

73.3

52.5

52.6

58.4

81.2

67.0

61.7

64.8

236.8

274.7

273.9

Amounts attributable to Brink’s:

Continuing operations

(3.8)

5.8

12.6

13.7

34.9

17.5

(107.8)

22.1

28.3

(33.3)

16.9

Discontinued operations

1.2

(0.4)

(0.1)

0.0

(0.1)

0.2

0.7

0.0

(0.2)

(2.6)

5.4

12.5

13.7

34.9

17.4

(107.9)

22.3

29.0

(33.3)

16.7

Depreciation and amortization

45.5

42.9

48.7

47.9

42.8

41.6

39.1

38.8

185.0

162.3

146.6

Capital expenditures

$ 48.8

$ 42.9

$ 37.9

$ 35.2

$ 51.1

$ 30.7

$ 36.6

$ 36.7

$ 164.8

$ 155.1

$ 174.5

Basic

$ (0.08)

$ 0.11

$ 0.25

$ 0.27

$ 0.69

$ 0.34

$ (2.11)

$ 0.43

$ 0.56

^[1]

$ (0.65)

^[1]

$ 0.33

^[1]

0.02

(0.01)

0.01

^[1]

(0.01)

^[1]

(0.05)

0.11

0.25

0.27

0.69

0.34

(2.11)

0.44

0.58

^[1]

(0.65)

^[1]

0.33

^[1]

Diluted

(0.08)

0.11

0.25

0.27

0.68

0.34

(2.11)

0.42

0.55

^[1]

(0.65)

^[1]

0.33

^[1]

0.02

(0.01)

0.01

^[1]

(0.01)

^[1]

$ (0.05)

$ 0.10

$ 0.25

$ 0.27

$ 0.68

$ 0.34

$ (2.11)

$ 0.43

$ 0.57

^[1]

$ (0.65)

^[1]

$ 0.32

^[1]

Share-based expense for modification

$ 6.9

$ 42.7

$ 28.2

$ 17.7

Gain on lease termination

5.2

Loss on deconsolidation of Venezuela operations

$ 935.8

$ 928.4

$ 914.0

$ 905.0

$ 907.7

$ 852.4

$ 849.7

$ 879.1

3,683.2

3,488.9

3,347.0

Brazil social tax credit

0.3

0.6

0.4

0.0

(126.7)

0.0

Foreign currency transaction losses

0.0

(15.5)

(7.6)

Gain on sale of business

0.0

11.2

0.0

Brazil

440.4

405.4

434.6

440.4

405.4

434.6

Brazil social tax credit

8.2

Venezuela

0.0

51.4

154.1

0.0

51.4

154.1

ARGENTINA

214.4

247.2

250.3

Venezuelan bolívar fuerte | Venezuela

214.4

247.2

250.3

Loss on deconsolidation of Venezuela operations

126.7

Currency remeasurement gain (loss)

$ 2.2

(9.1)

Argentina, Pesos | ARGENTINA

Foreign currency transaction losses

12.6

Currency remeasurement gain (loss)

$ (8.1)

(11.3)

(6.2)

French airport security services company

Gain on sale of business

$ 11.2

Internal Loss AR Rebuild

4.0

Increase to bad debt expense

4.0

Bank fees

0.3

6.4

13.7

20.1

Immaterial error correction

$ 10.0

Pension plan

Settlement charge

(21.4)

(1.7)

(2.0)

U.S. Plans

U.S. Plans | Pension plan

Settlement charge

$ (19.3)

$ 0.0

Schedule of Accounts, Notes, Loans and Financing Receivable

Settlement charge

$ 19.3

[1]	Amounts may not add due to rounding.

Share-Based Compensation Plans - Narrative (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized, not yet granted (in shares)		5,700,000
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation plan, stock units held (shares)		198,198	170,672
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation plan, stock units held (shares)		19,951	18,159
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted-average fair value per share at grant date		$ 78.28	$ 72.31	$ 55.85
Weighted-average discount percent		2.00%	2.00%	2.00%
Vesting period		3 years
Performance Shares Units PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized, not yet granted (in shares)	129,100		187,000.0
The weighted-average fair value per share at grant date		$ 81.48
Actual shares earned and distributed (shares)	129,100		225,900
TSR PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Performance period		3 years
Dividend yield		0.00%
Stock Options \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		6 years
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted-average fair value per share at grant date		$ 79.69
The weighted-average grant-date fair value (in dollars per share)		$ 79.69	$ 74.43	$ 60.80
Share-based Compensation Award, Three-year Vesting \| Internal Metric Performance Share Units (IM PSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period		3 years
Share-based Compensation Award, Additional Two-year Vesting \| Internal Metric Performance Share Units (IM PSU) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award		0.00%
Share-based Compensation Award, Additional Two-year Vesting \| Internal Metric Performance Share Units (IM PSU) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award		200.00%
Share-based Compensation Award, Current-year \| TSR PSU \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award		0.00%
Share-based Compensation Award, Current-year \| TSR PSU \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award		200.00%
Share-based Compensation Award, Prior-year \| TSR PSU \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award		0.00%
Share-based Compensation Award, Prior-year \| TSR PSU \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award		150.00%

Capital Stock (Details) - USD ($)	1 Months Ended	12 Months Ended
Capital Stock (Details) - USD ($)	Feb. 25, 2019	Dec. 31, 2019	Dec. 31, 2018	Jan. 16, 2020	May 08, 2017
Subsequent Event [Line Items]
Shares of common stock authorized (in shares)		100,000,000	100,000,000
Shares issued and outstanding (in shares)		50,100,000	49,700,000
Maximum shares allowed for issuance (in shares)		2,000,000.0
Par value (in dollars per share)		$ 10
Stock repurchase program amount					$ 200,000,000
Stock repurchase program remaining amount		$ 106,000,000
Stock repurchased and retired during period, shares		0	610,177
Stock repuchase program amount used			$ 43,500,000
Average price per share (in dollars per share)			$ 71.22
Subsequent Event
Subsequent Event [Line Items]
Dividend declared (in dollars per share)				$ 0.15
ASR December 2018
Subsequent Event [Line Items]
Accelerated share repurchases payment			$ 50,000,000
Stock repurchased and retired during period, shares			700,000
ASR initial price per share (in dollars per share)			$ 71.43
ASR February 2019
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares	37,387
ASR, final price per share (in dollars per share)	$ 67.81

Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]



	December 31,
(In millions)	2019			2018

Trade	$	595.4		555.7
Other	70.4			53.9
Total accounts receivable	665.8			609.6
Allowance for doubtful accounts	(30.2		)	(10.1	)
Accounts receivable, net	$	635.6		599.5

Schedule of Allowance for Doubtful Accounts



	Years Ended December 31,
(In millions)	2019			2018		2017

Allowance for doubtful accounts:
Beginning of year	$	10.1		11.2		8.3
Provision for uncollectible accounts receivable^(a)	22.8			1.4		5.0
Write offs less recoveries	(2.2		)	(0.9	)	(1.0	)
Foreign currency exchange effects	(0.5		)	(1.6	)	(1.1	)
End of year	$	30.2		10.1		11.2

(a)

The provision in 2019 includes a $19.2 million allowance related to the internal loss in our U.S. global services operations. See Note 1 for details.

Segment information - Capital Expenditures, Depreciation, Amortization (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	$ 48.8	$ 42.9	$ 37.9	$ 35.2	$ 51.1	$ 30.7	$ 36.6	$ 36.7	$ 164.8	$ 155.1	$ 174.5
Depreciation and Amortization by Reportable Segment									157.2	144.6	138.2
Amortization of intangible assets:									27.8	17.7	8.4
Total	$ 45.5	$ 42.9	$ 48.7	$ 47.9	$ 42.8	$ 41.6	$ 39.1	$ 38.8	185.0	162.3	146.6
Reportable Segments:
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment									154.5	140.3	161.4
Depreciation and Amortization by Reportable Segment									141.3	129.7	122.3
Reportable Segments: \| North America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment									76.6	59.1	86.3
Depreciation and Amortization by Reportable Segment									81.1	72.1	68.4
Reportable Segments: \| South America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment									44.4	43.3	39.2
Depreciation and Amortization by Reportable Segment									27.9	26.3	23.5
Reportable Segments: \| Rest of World
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment									33.5	37.9	35.9
Depreciation and Amortization by Reportable Segment									32.3	31.3	30.4
Corporate items
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment									10.3	14.8	8.9
Depreciation and Amortization by Reportable Segment									10.8	11.9	12.0
Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment									3.1
Venezuela \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment									0.0	0.0	4.2
Depreciation and Amortization by Reportable Segment									0.0	1.1	1.7
ARGENTINA \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment									1.8
Reorganization and Restructuring \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment									$ 0.2	$ 1.9	$ 2.2

Accounts Receivable

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Accounts Receivable



	December 31,
(In millions)	2019			2018

Trade	$	595.4		555.7
Other	70.4			53.9
Total accounts receivable	665.8			609.6
Allowance for doubtful accounts	(30.2		)	(10.1	)
Accounts receivable, net	$	635.6		599.5



	Years Ended December 31,
(In millions)	2019			2018		2017

Allowance for doubtful accounts:
Beginning of year	$	10.1		11.2		8.3
Provision for uncollectible accounts receivable^(a)	22.8			1.4		5.0
Write offs less recoveries	(2.2		)	(0.9	)	(1.0	)
Foreign currency exchange effects	(0.5		)	(1.6	)	(1.1	)
End of year	$	30.2		10.1		11.2

(a)

The provision in 2019 includes a $19.2 million allowance related to the internal loss in our U.S. global services operations. See Note 1 for details.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Change in Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2019 and 2018 are as follows:



	December 31, 2019
(In millions)	Beginning Balance		Acquisitions/ Dispositions^(a)	Currency		Ending Balance

Goodwill:
North America	$	337.0	17.6	0.1		354.7
South America	150.1		99.6	(8.1	)	241.6
Rest of World	191.5		0.2	(3.4	)	188.3
Total Goodwill	$	678.6	117.4	(11.4	)	784.6


(a)	Includes adjustments related to prior year acquisitions ($3.1 million decrease in North America and $0.2 million increase in Rest of World).



	December 31, 2018
(In millions)	Beginning Balance		Acquisitions/ Dispositions^(a)		Currency		Ending Balance

Goodwill:
North America	$	32.0	307.0		(2.0	)	337.0
South America	214.9		(3.0	)	(61.8	)	150.1
Rest of World	206.8		(5.5	)	(9.8	)	191.5
Total Goodwill	$	453.7	298.5		(73.6	)	678.6

(a)

Includes adjustments related to prior year acquisitions ($0.1 million in North America, $3.0 million in South America and $0.8 million in Rest of World). Also includes derecognition of $6.2 million related to the disposition of our French airport security services company in Rest of World.

Schedule of Intangible Assets and Goodwill

The following table summarizes our other intangible assets by category:



	December 31, 2019					December 31, 2018
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount	Weighted-average amortization period

Customer relationships	$	322.3	(80.3	)	242.0	$	259.9	(58.9	)	201.0	11.4
Indefinite-lived trade names	8.2		—		8.2	7.9		—		7.9	—
Finite-lived trade names	20.7		(7.1	)	13.6	20.3		(3.8	)	16.5	6.2
Developed technology	8.7		(0.8	)	7.9	0.4		(0.4	)	—	10.5
Other contract-related assets	—		—		—	5.7		(3.1	)	2.6	—
Other	6.1		(5.3	)	0.8	5.5		(4.6	)	0.9	0.9
Total	$	366.0	(93.5	)	272.5	$	299.7	(70.8	)	228.9

Schedule of Expected Amortization Expense

Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2019, for the next five years is as follows:



(In millions)	2020		2021	2022	2023	2024

Amortization expense	$	24.8	24.4	23.1	22.6	22.2

Revenue from contracts with customers Revenue from contracts with customers - contract balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables	$ 635.6	$ 599.5
Customer Asset	1.9
Contract Liability	12.8
Capitalized costs to obtain contracts	1.9
Pro Forma under Old Revenue Recognition Standard
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivables		599.5
Customer Asset		1.8
Contract Liability		$ 2.5
Revenue recognized included in beginning balance	2.5
Accounting Standards Update 2014-09 \| Impact of New Revenue Recognition Standard
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Receivable - increase (decrease)	36.1
Contract Asset - increase (decrease)	0.1
Contract Liability - increase (decrease)	$ 10.3

Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt



	December 31,
(In millions)	2019		2018

Debt:
Short-term borrowings
Restricted cash borrowings (year-end weighted-average interest rate of 0.0% in 2019 and 0.0% in 2018^(a)	$	10.3	10.5
Other (year-end weighted-average interest rate of 8.8% in 2019 and 10.1% in 2018)	4.0		18.4
Total short-term borrowings	$	14.3	28.9

Long-term debt
Bank credit facilities:
Term loan A (year-end effective interest rate of 3.5% in 2019 and 4.3% in 2018)
less unamortized issuance cost of $3.0 million in 2019 and $1.8 million in 2018	$	767.0	466.9
Senior unsecured notes (year-end effective interest rate of 4.6% in 2019 and 4.6% in 2018)
less unamortized issuance cost of $7.1 million in 2019 and $8.0 million in 2018	592.9		592.0
Revolving Credit Facility (year-end weighted average interest rate of 3.5% in 2019 and 4.2% in 2018)	115.0		340.0
Other primarily non-U.S. dollar-denominated facilities (year-end weighted-
average interest rate of 7.0% in 2019 and 4.8% in 2018)	4.9		5.7
Financing leases (year-end weighted-average interest rate of 4.9% in 2019 and 4.4% in 2018)	149.5		120.5
Total long-term debt	$	1,629.3	1,525.1

Total Debt	$	1,643.6	1,554.0

Included in:
Current liabilities	$	88.8	82.4
Noncurrent liabilities	1,554.8		1,471.6
Total debt	$	1,643.6	1,554.0


(a)	These 2019 and 2018 amounts are for short-term borrowings related to cash borrowed under lending arrangements used in the process of managing customer cash supply chains, which is currently classified as restricted cash and not available for general corporate purposes. See Note 20 for more details.

Long-Term Debt

Senior Secured Credit Facility

In February 2019, we amended our senior secured credit facility (the “Senior Secured Credit Facility”) with Wells Fargo Bank, National Association, as former administrative agent and Bank of America, N.A. as successor administrative agent. After the amendment, the Senior Secured Credit Facility consisted of a $1 billion revolving credit facility (the "Revolving Credit Facility") and a $800 million term loan facility (the "Term Loan Facility"). Prior to the amendment, the Term Loan Facility had an outstanding balance of approximately $469 million. The proceeds from the amendment were used to repay outstanding principal under the Revolving Credit Facility as well as certain fees related to the closing of the transaction.

Loans under the Revolving Credit Facility mature five years after the amendment date (February 8, 2024). Principal payments are due quarterly for the amended Term Loan Facility equal to 1.25% of the initial loan amount with a final lump sum payment due on February 8, 2024. Interest rates for the Senior Secured Credit Facility are based on LIBOR plus a margin or an alternate base rate plus a margin. The Revolving Credit Facility allows us to borrow money or issue letters of credit (or otherwise satisfy credit needs) on a revolving basis over the term of the facility. As of December 31, 2019, $885 million was available under the Revolving Credit Facility. The obligations under the Senior Secured Credit Facility are secured by a first-priority lien on all or substantially all of the assets of the Company and certain of its domestic subsidiaries, including a first-priority lien on equity interests of certain of the Company’s direct and indirect subsidiaries. The Company and certain of its domestic subsidiaries also guarantee the obligations under the Senior Secured Credit Facility.

The margin on both LIBOR and alternate base rate borrowings under the Senior Secured Credit Facility is based on the Company’s consolidated net leverage ratio. The margin on LIBOR borrowings, which can range from 1.25% to 2.00%, was 1.75% at December 31, 2019. The margin on alternate base rate borrowings, which can range from 0.25% to 1.00%, was 0.75% as of December 31, 2019. We also pay an annual commitment fee on unused portion the Revolving Credit Facility based on the Company’s consolidated net leverage ratio. The commitment fee, which can range from 0.15% to 0.30%, was 0.25% as of December 31, 2019.

Senior Unsecured Notes

In October 2017, we issued at par ten-year senior unsecured notes (the "Senior Notes") in the aggregate principal amount of $600 million. The Senior Notes will mature on October 15, 2027, bearing an annual interest rate of 4.625%. The Senior Notes are general unsecured

obligations guaranteed by certain of the Company’s existing and future U.S. subsidiaries, which are also guarantors under the Senior Secured Credit Facility.

The Senior Notes have not been and will not be registered under the Securities Act of 1933 (the “Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The notes were offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on the exception from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.

The aggregate proceeds from the Senior Secured Credit Facility and the Senior Notes were used in part to repay certain prior indebtedness and certain fees and expenses related to the closing of the transactions. Borrowings were used for working capital needs, capital expenditures, acquisitions and other general corporate purposes.

Letter of Credit and Bank Guarantee Facilities

We have three committed letter of credit facilities totaling $80 million, of which approximately $29 million was available at December 31, 2019. At December 31, 2019, we had undrawn letters of credit and guarantees of $51 million issued under these facilities. The $10 million facility expires in April 2022, the $54 million facility expires in December 2022 and the $16 million facility expires in January 2024.

We have two uncommitted letter of credit facilities totaling $55 million, of which approximately $33 million was available at December 31, 2019. At December 31, 2019, we had undrawn letters of credit of $22 million issued under these facilities. The $40 million facility expires in July 2020 and the $15 million facility has no expiration date.

The Senior Secured Credit Facility is also available for issuance of letters of credit and bank guarantees.

Minimum repayments of long-term debt are as follows:



(In millions)	Financing leases		Other long-term debt	Total

2020	$	32.5	42.0	74.5
2021	31.8		40.9	72.7
2022	28.2		41.0	69.2
2023	24.0		40.8	64.8
2024	17.4		725.2	742.6
Later years	15.6		600.0	615.6
Total	$	149.5	1,489.9	1,639.4

The Senior Secured Credit Facility, Senior Unsecured Notes, the letter of credit facilities and bank guarantee facilities contain various financial and other covenants. The financial covenants, among other things, limit our ability to provide liens, restrict fundamental changes, limit transactions with affiliates and unrestricted subsidiaries, restrict changes to our fiscal year and to organizational documents, limit asset dispositions, limit the use of proceeds from asset sales, limit sale and leaseback transactions, limit investments, limit the ability to incur debt, restrict certain payments to shareholders, limit negative pledges, limit the ability to change the nature of our business, provide for a maximum consolidated net leverage ratio and provide for minimum coverage of interest costs. If we were not to comply with the terms of our various financing agreements, the repayment terms could be accelerated and the commitments could be withdrawn. An acceleration of the repayment terms under one agreement could trigger the acceleration of the repayment terms under the other financing agreements. We were in compliance with all financial covenants at December 31, 2019.

Financing Leases

Property and equipment acquired under financing leases are included in property and equipment as follows:



	December 31,
(In millions)	2019			2018

Asset class:
Buildings	$	4.1		2.2
Vehicles	267.5			212.4
Machinery and equipment	5.1			0.7
	276.7			215.3
Less: accumulated amortization	(114.2		)	(91.3	)
Total	$	162.5		124.0

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued Liabilities



	December 31,
(In millions)	2019		2018

Payroll and other employee liabilities	$	140.8	146.3
Taxes, except income taxes	98.1		93.4
Income taxes payable	26.7		17.8
Acquisition-related obligations	7.8		20.4
Workers’ compensation and other claims	26.1		22.3
Cash held by cash management services operations^(a)	26.3		14.1
Cash supply chain deposit liability	47.4		35.3
Retirement benefits (see Note 4)	12.9		9.8
Operating lease liabilities	65.9		—
Other	176.4		142.7
Accrued liabilities	$	628.4	502.1

(a)

Title to cash received and processed in certain of our secure cash management services operations transfers to us for a short period of time. The cash is generally credited to customers’ accounts the following day and we record a liability while the cash is in our possession.

Share-based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Nonvested share activity

The following table summarizes all DSU activity during 2019:



	Shares (in thousands)		Weighted-Average Grant-Date Fair Value

Nonvested balance as of December 31, 2018	12.5		$	74.43
Activity from January 1 to December 31, 2019:
Granted	12.1		79.69
Vested	(12.5	)	74.43
Nonvested balance as of December 31, 2019	12.1		$	76.69

The following table summarizes all PSU activity during 2019:



	Shares (in thousands)		Weighted-Average Grant Date Fair Value Per Share

Nonvested balance as of December 31, 2018	697.3		$	47.74
Activity from January 1 to December 31, 2019:
Granted	204.6		81.48
Forfeited	(21.6	)	71.70
Vested^(a)(b)(c)	(316.1	)	32.35
Nonvested balance as of December 31, 2019^(c)	564.2		$	70.10

(a)

The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, the actual shares earned and distributed for the performance period ended December 31, 2018 were 225.9 compared to target shares of 187.0. Additionally, in accordance with the terms of the underlying award agreements, the actual shares earned and distributed for the performance period ended June 30, 2017 were 129.1 compared to target shares of 129.1.


(b)	Certain PSUs were modified and distributed in the first quarter of 2019 and the resulting impact was not material.


(c)	Certain PSUs were modified in the second quarter of 2019. A portion of these modified PSUs were distributed in the third quarter of 2019. The weighted-average grant date fair value per share at December 31, 2019 reflects the inclusion of the modified fair value per share for the remaining modified awards.

Compensation expenses for the last three years and the amount of unrecognized expense for awards outstanding at December 31, 2019, were as follows:



	Compensation Expense							Unrecognized Expense for Nonvested Awards at		Weighted-average No. of Years Unrecognized Expense to be Recognized
	Years Ended December 31,							Dec 31, 2019
(in millions except years)	2019			2018		2017

Performance Share Units	$	25.8		15.8		9.5		$	16.8	1.5
Market Share Units	—			0.1		0.3		—		—
Restricted Stock Units	6.6			6.6		4.7		3.8		1.4
Deferred Stock Units and fees paid in stock	1.2			1.2		1.0		0.3		0.4
Performance-based Options	8.1			4.5		2.2		2.6		1.1
Time-based vesting Options	1.0			—		—		1.7		1.8
Share-based payment expense	42.7			28.2		17.7
Income tax benefit	(9.2		)	(6.5	)	(3.4	)
Share-based payment expense, net of tax	$	33.5		21.7		14.3

The following table summarizes RSU activity during 2019:



	Shares (in thousands)		Weighted-Average Grant Date Fair Value Per Share

Nonvested balance as of December 31, 2018	235.8		$	52.63
Activity from January 1 to December 31, 2019:
Granted	93.9		78.28
Forfeited	(11.1	)	71.75
Vested	(145.9	)	45.34
Nonvested balance as of December 31, 2019^(a)	172.7		$	71.87


(a)	Certain RSUs were modified in the second quarter of 2019. The weighted-average grant date fair value per share at December 31, 2019 reflects the inclusion of the modified fair value per share for the modified awards.

Share-based Compensation, Fair Value of Shares Vested

The fair value of shares distributed or options exercised in the last three years is as follows:



	Fair Value of Shares Distributed or Exercised^(a)
	Years Ended December 31,
(in millions)	2019		2018	2017

Performance Share Units	$	28.7	25.3	13.3
Market Share Units	—		8.2	4.3
Restricted Stock Units	11.8		8.0	7.3
Deferred Stock Units and fees paid in stock	0.9		0.7	2.7
Performance-based Options^(a)	5.4		—	—
Time-based vesting Options^(a)	—		2.2	2.0
Total	$	46.8	44.4	29.6

Income tax benefit realized	$	10.2	9.9	9.2

(a)

Intrinsic value for options.

Fair value of options calculation assumptions

The following table provides the term of the performance period and the weighted-average assumptions used in the Monte Carlo simulation model for the performance-based options granted in 2018 and 2017:



Terms and Assumptions Used to Estimate Grant Date Fair Value of Performance-Based Options Granted	2018			2017

Terms of awards:
Performance period for achieving stock price hurdles	Three years from			Three years from
	grant date			grant date

Assumptions used to estimate fair value:
Expected dividend yield^(a)	0.8		%	0.8		%
Expected stock price volatility^(b)	29.3		%	29.3		%
Risk-free interest rate^(c)	2.6		%	1.8		%
Expected term in years^(d)	4.5			4.5

Weighted-average fair value estimates at grant date:
In millions	$	7.0		$	3.6
Fair value per share	$	16.73		$	11.97


(a)	Since the holders of the awards have no rights to any dividend paid during the vesting period, we applied a dividend yield in the Monte Carlo simulation model. At each grant date, the dividend yield was calculated based on the most recent annualized dividend payment and Brink's stock price at the date of grant.


(b)	The expected stock price volatility was calculated on each grant date for the most recent 4.5 year term.


(c)	The risk-free interest rate on each grant date is the rate for a zero-coupon U.S. Treasury bill that was commensurate with the expected life of 4.5 years.

(d)

Because we did not have historical exercise behavior for instruments with premiums, we assumed that the exercise of vested options occurred at the mid-point between the three-year vesting date and the six-year contractual term. In the Monte Carlo simulation, at each iteration of forecasted Brink's stock prices, the option was assumed to be exercised at the mid-point of 4.5 years if the stock price hurdle had been achieved. When the hurdle is achieved, the exercise price was then subtracted from the projected stock price, and discounted back to the grant date. In situations where the projected price had not met the hurdle, no value was attributed.

The following table provides the terms and weighted-average assumptions used in the Monte Carlo simulation model for the TSR PSUs granted in 2019, 2018 and 2017:



Terms and Assumptions Used to Estimate Grant Date Fair Value	2019 TSR PSUs			2018 TSR PSUs			2017 TSR PSUs

Terms of awards:
Performance period	Jan. 1, 2019 to			Jan. 1, 2018 to			Jan. 1, 2017 to
	Dec. 31, 2021			Dec. 31, 2020			Dec. 31, 2019

Weighted-average assumptions used to estimate fair value:
Expected dividend yield^(a)	0.8		%	0.8		%	0.8	%
Expected stock price volatility^(b)	30.8		%	29.9		%	30.6	%
Risk-free interest rate^(c)	2.5		%	2.4		%	1.4	%
Contractual term in years	2.8			2.9			2.9

Weighted-average fair value estimates at grant date:
In millions	$	3.0		$	3.2		2.0
Fair value per share	$	105.16		$	79.05		67.81

(a)

TSR is determined assuming that dividends are reinvested. The stock price projection in the Monte Carlo simulation model assumed a 0% dividend yield, which is mathematically equivalent to reinvesting dividends over the performance period. For the valuation of the TSR PSU, because the holders of the awards have no rights to any dividend paid during the vesting period, we applied a dividend yield in the Monte Carlo simulation model to reduce the projected stock price as of the grant date.


(b)	The expected stock price volatility was calculated on the grant date for the most recent term equivalent to the contractual term in years.

(c)

The risk-free interest rate on each date of grant is the rate for a zero-coupon U.S. Treasury bill that was commensurate with the grant date contractual term.

The following table provides the weighted-average assumptions used in the Black-Scholes-Merton option pricing model for the time-based vesting options granted in 2019 and 2017:



Assumptions Used to Estimate Grant Date Fair Value of Time-Based Options	2019			2017

Assumptions used to estimate fair value:
Expected dividend yield^(a)	0.8		%	0.7		%
Expected stock price volatility^(b)	30.3		%	28.9		%
Risk-free interest rate^(c)	2.5		%	1.7		%
Expected term in years^(d)	4.5			4.5

Weighted-average fair value estimates at grant date:
In millions	$	3.0		$	0.1
Fair value per share	$	21.58		$	21.09


(a)	The expected dividend yield is the calculated annual yield on Brink's stock at the time of the grant.


(b)	The expected stock price volatility was calculated at time of the grant after reviewing the historic volatility of our stock using daily close prices.


(c)	The risk-free interest rate at each grant date was the rate for a zero-coupon U.S. Treasury bill that was commensurate with the expected life of 4.5 years.

(d)

The expected term of the options was based on historical exercise, expiration and post-cancellation behavior.

Option Activity

The table below summarizes the activity associated with grants of performance-based options:



	Shares (in thousands)		Weighted- Average Exercise Price Per Share		Weighted-Average Grant Date Fair Value Per Share		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value^(a) (in millions)

Outstanding at December 31, 2018	1,287.0		$	49.18	$	10.88
Granted	—		—		—
Forfeited or expired	—		—		—
Exercised^(b)	(95.9	)	32.69		44.74
Outstanding at December 31, 2019^(b)(c)	1,191.1		$	50.51	$	11.52	3.1	$	47.8

Of the above, as of December 31, 2019:
Exercisable	485.0		$	29.87			2.5	$	29.5
Expected to vest in future periods^(d)	690.9		$	64.90			3.6	$	17.8


(a)	The intrinsic value of a stock option is the difference between the market price of the shares underlying the option and the exercise price of the option. The market price at December 31, 2019 was $90.68.


(b)	Certain performance-based stock options were modified in the second quarter of 2019. The weighted-average grant date fair value per share for the options exercised in 2019 and for the outstanding options December 31, 2019 reflects the inclusion of the modified fair value per share.


(c)	There were no exercisable performance-based options at December 31, 2018 or at December 31, 2017.

(d)

The number of options expected to vest takes into account an estimate of expected forfeitures. We currently have applied a 0% expected forfeiture rate to the majority of the performance-based options.

The table below summarizes the activity associated with grants of time-based vesting options:



	Shares (in thousands)		Weighted- Average Exercise Price Per Share		Weighted-Average Grant Date Fair Value Per Share		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value^(a) (in millions)

Outstanding at December 31, 2018	2.7		$	84.65	$	21.09
Granted	138.7		79.21		21.58
Forfeited or expired	(14.4	)	79.26		21.60
Outstanding at December 31, 2019^(b)	127.0		$	79.32	$	21.56	5.1	$	1.4

Of the above, as of December 31, 2019:
Exercisable	—		$	—			—	$	—
Expected to vest in future periods^(c)	125.5		$	79.32			5.1	$	1.4


(a)	The intrinsic value of a stock option is the difference between the market price of the shares underlying the option and the exercise price of the option. The market price at December 31, 2019 was $90.68.


(b)	There were no shares of exercisable options at December 31, 2018 and less than 0.1 million shares of exercisable options with a weighted-average exercise price of $22.57 per share at December 31, 2017.

(c)

The number of options expected to vest takes into account an estimate of expected forfeitures. We currently have applied a 0% expected forfeiture rate to the majority of the time-based vesting options.

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 366.0	$ 299.7
Accumulated Amortization	(93.5)	(70.8)
Net Carrying Amount	272.5	228.9
Amortization of intangible assets	27.8	17.7	$ 8.4
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2020	24.8
2021	24.4
2022	23.1
2023	22.6
2024	22.2
Indefinite-lived trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8.2	7.9
Accumulated Amortization	0.0	0.0
Net Carrying Amount	8.2	7.9
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	322.3	259.9
Accumulated Amortization	(80.3)	(58.9)
Net Carrying Amount	$ 242.0	201.0
Weighted-average amortization period	11 years 4 months 24 days
Finite-lived trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 20.7	20.3
Accumulated Amortization	(7.1)	(3.8)
Net Carrying Amount	$ 13.6	16.5
Weighted-average amortization period	6 years 2 months 12 days
Amortization of intangible assets	$ 27.8	17.7
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8.7	0.4
Accumulated Amortization	(0.8)	(0.4)
Net Carrying Amount	$ 7.9	0.0
Weighted-average amortization period	10 years 6 months
Other contract-related assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 0.0	5.7
Accumulated Amortization	0.0	(3.1)
Net Carrying Amount	0.0	2.6
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6.1	5.5
Accumulated Amortization	(5.3)	(4.6)
Net Carrying Amount	$ 0.8	$ 0.9
Weighted-average amortization period	27 days

Capital Stock (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Weighted Average Number of Shares

Shares Used to Calculate Earnings per Share



	Years Ended December 31,
(In millions)	2019	2018	2017

Weighted-average shares

Basic^(a)	50.2	50.9	50.7
Effect of dilutive stock awards	0.9	—	1.1
Diluted^(a)	51.1	50.9	51.8

Antidilutive stock awards excluded from denominator	0.1	1.6	0.1

(a)

We have deferred compensation plans for directors and certain of our employees. Some amounts owed to participants are denominated in common stock units. Each unit represents one share of common stock. The number of shares used to calculate basic earnings per share includes the weighted-average common stock units credited to employees and directors under the deferred compensation plans. Additionally, nonvested units containing only a service requirement are also included in the computation of basic weighted-average shares when the requisite service period has been completed. Accordingly, basic and diluted shares include weighted-average units of 0.3 million in 2019, 0.3 million in 2018 and 0.3 million in 2017.

Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

Other Assets, Noncurrent Disclosure [Abstract]

Schedule of Other Assets, Noncurrent

Other Assets



	December 31,
(In millions)	2019		2018

Deposits	$	23.6	15.7
Deferred profit sharing asset	10.9		10.2
Income tax receivable	17.1		67.1
Derivative instruments	5.0		0.6
Equity method investment in unconsolidated entities	5.0		4.9
Stop loss insurance receivable	17.0		19.0
Cash surrender value of life insurance policies	0.9		7.4
Indemnification asset	20.6		6.6
Debt issue costs	5.5		4.7
Marketable securities	12.0		3.8
Other	49.4		46.1
Other assets	$	167.0	186.1

Summary of Significant Accounting Policies Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2019
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	16 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Building leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Building leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Vehicles \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Vehicles \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Capitalized software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Capitalized software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Other machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Other machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

Retirement Benefits - Retirement Cost (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 9.9	$ 10.5	$ 11.3
Interest cost on projected benefit obligation		44.5	43.7	50.3
Return on assets – expected		(61.0)	(64.7)	(63.2)
Amortization of losses		23.8	32.3	31.9
Amortization of prior service cost		0.1	0.5	1.1
Settlement loss		21.4	1.7	2.0
Net periodic pension cost		38.7	24.0	33.4
Retirement benefits other than pension
Defined Benefit Plan Disclosure [Line Items]
Service cost		0.2	0.2	0.1
Interest cost on projected benefit obligation		21.1	20.3	21.6
Return on assets – expected		(13.3)	(16.7)	(16.5)
Amortization of losses		21.2	26.1	23.6
Amortization of prior service cost		(5.0)	(3.5)	(2.9)
Curtailment (gain)		(0.1)	0.0	(0.1)
Net periodic pension cost		24.1	26.4	25.8
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		0.0	0.0	0.0
Interest cost on projected benefit obligation		17.3	17.1	18.4
Return on assets – expected		(13.3)	(16.7)	(16.5)
Amortization of losses		16.6	20.3	19.5
Amortization of prior service cost		(4.7)	(4.6)	(4.6)
Curtailment (gain)		0.0	0.0	0.0
Net periodic pension cost		15.9	16.1	16.8
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		0.2	0.2	0.1
Interest cost on projected benefit obligation		3.8	3.2	3.2
Return on assets – expected		0.0	0.0	0.0
Amortization of losses		4.6	5.8	4.1
Amortization of prior service cost		(0.3)	1.1	1.7
Curtailment (gain)		(0.1)	0.0	(0.1)
Net periodic pension cost		8.2	10.3	9.0
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		0.0	0.0	0.0
Interest cost on projected benefit obligation		34.1	31.9	35.1
Return on assets – expected		(50.7)	(53.6)	(53.3)
Amortization of losses		19.6	27.7	26.6
Amortization of prior service cost		0.0	0.0	0.0
Settlement loss		19.3	0.0	0.0
Net periodic pension cost		22.3	6.0	8.4
U.S. Plans \| Total
Defined Benefit Plan Disclosure [Line Items]
Settlement loss	$ (19.3)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost		9.9	10.5	11.3
Interest cost on projected benefit obligation		10.4	11.8	15.2
Return on assets – expected		(10.3)	(11.1)	(9.9)
Amortization of losses		4.2	4.6	5.3
Amortization of prior service cost		0.1	0.5	1.1
Settlement loss		2.1	1.7	2.0
Net periodic pension cost		$ 16.4	$ 18.0	$ 25.0

Debt (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Short-term borrowings	$ 14.3	$ 28.9
Long-term Debt Types [Abstract]
Total long-term debt	1,629.3	1,525.1
Total Debt	1,643.6	1,554.0
Long Term Debt By Current And Noncurrent [Abstract]
Current liabilities	88.8	82.4
Noncurrent liabilities	1,554.8	1,471.6
Interest Rate And Other Disclosures [Abstract]
Debt issue costs	5.5	4.7
Term Loan A \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Long-term Debt	$ 767.0
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	3.50%
Debt issue costs	$ 3.0
Term Loan A \| Senior Secured Credit Facility - Original
Long-term Debt Types [Abstract]
Long-term Debt		$ 466.9
Interest Rate And Other Disclosures [Abstract]
Effective interest rate		4.30%
Debt issue costs		$ 1.8
Senior unsecured notes \| Six hundred million senior unsecured notes
Long-term Debt Types [Abstract]
Long-term Debt	$ 592.9	$ 592.0
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	4.60%	4.60%
Debt issue costs	$ 7.1	$ 8.0
Revolving Credit Facility
Long-term Debt Types [Abstract]
Debt	$ 115.0	$ 340.0
Interest Rate And Other Disclosures [Abstract]
Average interest rate	3.50%	4.20%
Other Non-US Dollar-denominated Facilities
Long-term Debt Types [Abstract]
Debt	$ 4.9	$ 5.7
Interest Rate And Other Disclosures [Abstract]
Average interest rate	7.00%	4.80%
Financing leases
Long-term Debt Types [Abstract]
Financing leases	$ 149.5	$ 120.5
Interest Rate And Other Disclosures [Abstract]
Average interest rate	4.20%	4.40%
Restricted Cash Borrowings
Debt Instrument [Line Items]
Short-term borrowings	$ 10.3	$ 10.5
Interest Rate And Other Disclosures [Abstract]
Short-term borrowings interest rate	0.00%	0.00%
Other
Debt Instrument [Line Items]
Short-term borrowings	$ 4.0	$ 18.4
Interest Rate And Other Disclosures [Abstract]
Short-term borrowings interest rate	8.80%	10.10%

Other Assets

12 Months Ended

Dec. 31, 2019

Other Assets, Noncurrent Disclosure [Abstract]

Other Assets



	December 31,
(In millions)	2019		2018

Deposits	$	23.6	15.7
Deferred profit sharing asset	10.9		10.2
Income tax receivable	17.1		67.1
Derivative instruments	5.0		0.6
Equity method investment in unconsolidated entities	5.0		4.9
Stop loss insurance receivable	17.0		19.0
Cash surrender value of life insurance policies	0.9		7.4
Indemnification asset	20.6		6.6
Debt issue costs	5.5		4.7
Marketable securities	12.0		3.8
Other	49.4		46.1
Other assets	$	167.0	186.1

Income Taxes - Income and Taxes from Cont. Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income (loss) from continuing operations before income taxes
U.S.	$ (90.2)	$ (32.9)	$ (41.6)
Foreign	183.7	75.4	223.1
Income from continuing operations before tax	93.5	42.5	181.5
Current tax expense (benefit)
U.S. federal	(0.8)	(2.3)	(33.7)
State	4.3	0.7	0.4
Foreign	90.8	92.1	96.8
Current tax expense	94.3	90.5	63.5
Deferred tax expense (benefit)
U.S. federal	(30.4)	(7.5)	106.2
State	(4.8)	(2.9)	(4.9)
Foreign	1.9	(10.1)	(7.1)
Deferred tax expense (benefit)	(33.3)	(20.5)	94.2
Provision for income taxes of continuing operations	61.0	70.0	157.7
Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	61.0	70.0	157.7
Discontinued operations	0.2	0.0	(0.1)
Other comprehensive income (loss)	0.4	5.0	(1.8)
Comprehensive provision for income taxes	$ 61.6	$ 75.0	$ 155.8

Share-Based Compensation Plans - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	$ 6.9	$ 42.7	$ 28.2	$ 17.7
Income tax benefit		(9.2)	(6.5)	(3.4)
Share-based payment expense, net of tax		33.5	21.7	14.3
Fair value of shares vested		46.8	44.4	29.6
Income tax benefit realized		10.2	9.9	9.2
Performance Shares Units PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense		25.8	15.8	9.5
Unrecognized Expense for Nonvested Awards at		$ 16.8
Weighted-average No. of Years Unrecognized Expense to be Recognized		1 year 6 months
Fair value of shares vested		$ 28.7	25.3	13.3
Market Share Units MSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense		0.0	0.1	0.3
Unrecognized Expense for Nonvested Awards at		0.0
Fair value of shares vested		0.0	8.2	4.3
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense		6.6	6.6	4.7
Unrecognized Expense for Nonvested Awards at		$ 3.8
Weighted-average No. of Years Unrecognized Expense to be Recognized		1 year 4 months 24 days
Fair value of shares vested		$ 11.8	8.0	7.3
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense		1.2	1.2	1.0
Unrecognized Expense for Nonvested Awards at		$ 0.3
Weighted-average No. of Years Unrecognized Expense to be Recognized		4 months 24 days
Fair value of shares vested		$ 0.9	0.7	2.7
Performance-based Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense		8.1	4.5	2.2
Unrecognized Expense for Nonvested Awards at		$ 2.6
Weighted-average No. of Years Unrecognized Expense to be Recognized		1 year 1 month 6 days
Fair value of shares vested		$ 5.4	0.0	0.0
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense		1.0	0.0	0.0
Unrecognized Expense for Nonvested Awards at		$ 1.7
Weighted-average No. of Years Unrecognized Expense to be Recognized		1 year 9 months 18 days
Fair value of shares vested		$ 0.0	$ 2.2	$ 2.0

Accounts Receivable (Details) - USD ($) $ in Millions	12 Months Ended
Accounts Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable, Net, Current [Abstract]
Trade				$ 595.4	$ 555.7
Other				70.4	53.9
Total accounts receivable				665.8	609.6
Allowance for doubtful accounts	$ (30.2)	$ (10.1)	$ (11.2)	(30.2)	(10.1)
Accounts receivable, net				$ 635.6	$ 599.5
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning of year	10.1	11.2	8.3
Provision for uncollectible accounts receivable(a)	22.8	1.4	5.0
Write offs less recoveries	(2.2)	(0.9)	(1.0)
Foreign currency exchange effects	(0.5)	(1.6)	(1.1)
End of year	30.2	$ 10.1	$ 11.2
Internal Loss AR Rebuild
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Provision for uncollectible accounts receivable(a)	$ 19.2

Other Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Noncancellable commitments in equipment purchases	$ 32.2

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive Income (Loss)

The following tables provide the components of other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive income (loss) into earnings:



	Amounts Arising During the Current Period				Amounts Reclassified to Net Income (Loss)
(In millions)	Pretax			Income Tax	Pretax		Income Tax		Total Other Comprehensive Income (Loss)

2019

Amounts attributable to Brink's:
Benefit plan adjustments	$	(38.0	)	4.4	61.4		(9.9	)	17.9
Foreign currency translation adjustments^(b)	(0.9		)	—	—		0.1		(0.8	)
Gains (losses) on cash flow hedges	(18.8		)	4.8	(0.2	)	0.2		(14.0	)
	(57.7		)	9.2	61.2		(9.6	)	3.1

Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	0.8			—	—		—		0.8
	0.8			—	—		—		0.8

Total
Benefit plan adjustments^(a)	(38.0		)	4.4	61.4		(9.9	)	17.9
Foreign currency translation adjustments^(b)	(0.1		)	—	—		0.1		—
Gains (losses) on cash flow hedges^(d)	(18.8		)	4.8	(0.2	)	0.2		(14.0	)
	$	(56.9	)	9.2	61.2		(9.6	)	3.9

2018

Amounts attributable to Brink's:
Benefit plan adjustments	$	(31.4	)	8.6	65.0		(13.3	)	28.9
Foreign currency translation adjustments	(151.6		)	—	107.2		(0.3	)	(44.7	)
Gains (losses) on cash flow hedges	0.3			—	(0.2	)	—		0.1
	(182.7		)	8.6	172.0		(13.6	)	(15.7	)

Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	(0.8		)	—	—		—		(0.8	)
	(0.8		)	—	—		—		(0.8	)

Total
Benefit plan adjustments^(a)	(31.4		)	8.6	65.0		(13.3	)	28.9
Foreign currency translation adjustments^(b)	(152.4		)	—	107.2		(0.3	)	(45.5	)
Gains (losses) on cash flow hedges^(d)	0.3			—	(0.2	)	—		0.1
	$	(183.5	)	8.6	172.0		(13.6	)	(16.5	)

See page 104 for footnote explanations.



	Amounts Arising During the Current Period					Amounts Reclassified to Net Income (Loss)
(In millions)	Pretax			Income Tax		Pretax		Income Tax		Total Other Comprehensive Income (Loss)

2017

Amounts attributable to Brink's:
Benefit plan adjustments	$	(99.3	)	21.2		54.9		(18.2	)	(41.4	)
Foreign currency translation adjustments	22.7			(1.0	)	—		—		21.7
Unrealized gains (losses) on available-for-sale securities	1.7			(0.6	)	(1.5	)	0.5		0.1
Gains (losses) on cash flow hedges	(0.1		)	(0.1	)	0.2		—		—
	(75.0		)	19.5		53.6		(17.7	)	(19.6	)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.8		)	—		0.7		—		(0.1	)
Foreign currency translation adjustments	0.9			—		—		—		0.9
	0.1			—		0.7		—		0.8

Total
Benefit plan adjustments^(a)	(100.1		)	21.2		55.6		(18.2	)	(41.5	)
Foreign currency translation adjustments^(b)	23.6			(1.0	)	—		—		22.6
Unrealized gains (losses) on available-for-sale securities^(c)	1.7			(0.6	)	(1.5	)	0.5		0.1
Gains (losses) on cash flow hedges^(d)	(0.1		)	(0.1	)	0.2		—		—
	$	(74.9	)	19.5		54.3		(17.7	)	(18.8	)

(a)

The amortization of actuarial losses and prior service cost is part of total net periodic retirement benefit cost when reclassified to net income (loss). Net periodic retirement benefit cost also includes service cost, interest cost, expected returns on assets, and settlement costs. Total service cost is allocated between cost of revenues and selling, general and administrative expenses on a plan-by-plan basis and the remaining net periodic retirement benefit cost items are allocated to interest and other nonoperating income (expense):



	December 31,
(In millions)	2019		2018	2017

Total net periodic retirement benefit cost included in:
Cost of revenues	$	7.8	8.4	9.0
Selling, general and administrative expenses	2.3		2.3	2.4
Interest and other nonoperating income (expense)	52.7		39.7	47.8


(b)	2018 foreign currency translation adjustment amounts reclassified to net income are due to the deconsolidation of Venezuela (see Note 1). 2018 foreign currency translation adjustment amounts arising during the current period reflect primarily the devaluation of the Argentine peso (prior to the July 1, 2018 highly inflationary designation) and Brazilian real.

(c)

Prior to adoption of ASU 2016-01 (see Note 1) in the first quarter of 2018, gains and losses on sales of available-for-sale securities were reclassified from accumulated other comprehensive loss to the consolidated statements of operations when the gains or losses were realized. Pretax amounts were classified in the consolidated statements of operations as interest and other nonoperating income (expense).


(d)	Pretax gains and losses on cash flow hedges are classified in the consolidated statements of operations as


•	other operating income (expense) ($5.8 million gain in 2019, no gains or losses in 2018 and $0.1 million losses in 2017.)


•	interest expense ($5.7 million of expense in 2019.)

•

interest and other nonoperating income (expense) (no gains or losses in 2019, no gains or losses in 2018 and $0.1 million losses in 2017.)

Reclassification Out Of Accumulated Other Comprehensive Income

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



(In millions)	Benefit Plan Adjustments			Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities		Gains (Losses) on Cash Flow Hedges		Total
Balance as of December 31, 2016	$	(559.6	)	(349.1	)	1.0		0.7		(907.0	)
Other comprehensive income (loss) before reclassifications	(78.1		)	21.7		1.1		(0.2	)	(55.5	)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	36.7			—		(1.0	)	0.2		35.9
Other comprehensive income (loss) attributable to Brink's	(41.4		)	21.7		0.1		—		(19.6	)
Balance as of December 31, 2017	(601.0		)	(327.4	)	1.1		0.7		(926.6	)
Other comprehensive income (loss) before reclassifications	(22.8		)	(151.6	)	—		0.3		(174.1	)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	51.7			106.9		—		(0.2	)	158.4
Other comprehensive income (loss) attributable to Brink's	28.9			(44.7	)	—		0.1		(15.7	)
Cumulative effect of change in accounting principle^(a)	—			—		(1.1	)	—		(1.1	)
Acquisitions of noncontrolling interests	—			(9.9	)	—		—		(9.9	)
Balance as of December 31, 2018	(572.1		)	(382.0	)	—		0.8		(953.3	)
Other comprehensive income (loss) before reclassifications	(33.6		)	(0.9	)	—		(14.0	)	(48.5	)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	51.5			0.1		—		—		51.6
Other comprehensive income (loss) attributable to Brink's	17.9			(0.8	)	—		(14.0	)	3.1
Cumulative effect of change in accounting principle^(b)	(28.8		)	—		—		—		(28.8	)
Balance as of December 31, 2019	$	(583.0	)	(382.8	)	—		(13.2	)	(979.0	)


(a)	We adopted ASU 2016-01 (see Note 1) effective January 1, 2018 and recognized a cumulative-effect adjustment to retained earnings.

(b)

We adopted ASU 2018-02 (see Note 1) effective January 1, 2019 and recognized a cumulative-effect adjustment to retained earnings.

Income Taxes - Net Operating Losses (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
2020-2024	$ 7.7
2025-2029	4.4
2030 and thereafter	16.2
Unlimited	23.4
Tax benefit of net operating loss carryforwards before valuation allowances	51.7	$ 42.0
Federal
Operating Loss Carryforwards [Line Items]
2020-2024	0.0
2025-2029	0.0
2030 and thereafter	0.0
Unlimited	0.0
Tax benefit of net operating loss carryforwards before valuation allowances	0.0
State
Operating Loss Carryforwards [Line Items]
2020-2024	0.1
2025-2029	0.7
2030 and thereafter	15.6
Unlimited	0.0
Tax benefit of net operating loss carryforwards before valuation allowances	16.4
Foreign
Operating Loss Carryforwards [Line Items]
2020-2024	7.6
2025-2029	3.7
2030 and thereafter	0.6
Unlimited	23.4
Tax benefit of net operating loss carryforwards before valuation allowances	$ 35.3

Goodwill and Other Intangible Assets - From Acquisitions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 678.6	$ 453.7
Acquisitions/Dispositions	117.4	298.5
Currency	(11.4)	(73.6)
Goodwill, Ending Balance	784.6	678.6
North America
Goodwill [Line Items]
Prior year acquisitions adjustments	(3.1)	(0.1)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	337.0	32.0
Acquisitions/Dispositions	17.6	307.0
Currency	0.1	(2.0)
Goodwill, Ending Balance	354.7	337.0
South America
Goodwill [Line Items]
Prior year acquisitions adjustments		(3.0)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	150.1	214.9
Acquisitions/Dispositions	99.6	(3.0)
Currency	(8.1)	(61.8)
Goodwill, Ending Balance	241.6	150.1
Rest of World
Goodwill [Line Items]
Prior year acquisitions adjustments	0.2	(0.8)
Derecognition of disposition		6.2
Goodwill [Roll Forward]
Goodwill, Beginning Balance	191.5	206.8
Acquisitions/Dispositions	0.2	(5.5)
Currency	(3.4)	(9.8)
Goodwill, Ending Balance	$ 188.3	$ 191.5

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (“Tax Reform Act”) was enacted into law. The Tax Reform Act includes a reduction in the federal tax rate for corporations from 35% to 21% as of January 1, 2018, a one-time transition tax on the cumulative undistributed earnings of foreign subsidiaries as of December 31, 2017, a repeal of the corporate alternative minimum tax, and more extensive limitations on deductibility of performance-based compensation for named executive officers. Other provisions effective as of January 1, 2018, which could materially impact the Company in the near-term, include the creation of a new U.S. minimum tax on foreign earnings called the Global Intangible Low-Taxed Income (“GILTI”) and limitations on the deductibility of interest expense.

Due to the timing of the enactment and the complexity involved in applying the provisions of the Tax Reform Act, the Company recorded provisional amounts as of December 31, 2017, in accordance with Staff Accounting Bulletin No. 118 ("SAB 118"). We recorded a provisional one-time non-cash charge of $92 million in the fourth quarter of 2017 to remeasure the deferred tax assets for the new rate and for other legislative changes. In the fourth quarter of 2018, we recorded a benefit of $2.3 million to reverse a component of the provisional one-time non-cash charge as a result of guidance issued by the U.S. authorities.

We filed our 2017 U.S. federal income tax return in October 2018, which did not reflect a U.S. federal current tax liability for the transition tax due to our high-tax foreign income, but we recorded an incremental $1.3 million of foreign tax credits, offset with a full valuation allowance in the fourth quarter of 2018 which was in addition to the provisional $31.1 million foreign tax credit offset with a full valuation allowance related to the transition tax recorded in the fourth quarter of 2017. We did not record a current state tax liability related to the transition tax in accordance with the interpretation of existing state laws and the provisional estimates in the fourth quarter of 2017, but we recorded the state impact of the transition tax of $0.2 million when we filed our tax returns in the fourth quarter of 2018.

We adopted an accounting policy related to the provision of deferred taxes related to GILTI and determined that we would not record deferred taxes with respect to GILTI, but would instead treat GILTI as a current period cost. We did not change our assertion on the determination of which subsidiaries that we consider to be permanently invested and for which we do not expect to repatriate to the U.S. as a result of the Tax Reform Act. The accounting for the Tax Reform Act was completed in the fourth quarter of 2018 in accordance with SAB 118.



	Years Ended December 31,
(In millions)	2019			2018		2017

Income (loss) from continuing operations before income taxes
U.S.	$	(90.2	)	(32.9	)	(41.6	)
Foreign	183.7			75.4		223.1
Income from continuing operations before income taxes	$	93.5		42.5		181.5



Provision (benefit) for income taxes from continuing operations
Current tax expense (benefit)
U.S. federal	$	(0.8	)	(2.3	)	(33.7	)
State	4.3			0.7		0.4
Foreign	90.8			92.1		96.8
Current tax expense	94.3			90.5		63.5

Deferred tax expense (benefit)
U.S. federal	(30.4		)	(7.5	)	106.2
State	(4.8		)	(2.9	)	(4.9	)
Foreign	1.9			(10.1	)	(7.1	)
Deferred tax expense (benefit)	(33.3		)	(20.5	)	94.2
Provision for income taxes of continuing operations	$	61.0		70.0		157.7



	Years Ended December 31,
(In millions)	2019		2018	2017

Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	$	61.0	70.0	157.7
Discontinued operations	0.2		—	(0.1	)
Other comprehensive income (loss)	0.4		5.0	(1.8	)
Comprehensive provision for income taxes	$	61.6	75.0	155.8

Rate Reconciliation

The following table reconciles the difference between the actual tax rate on continuing operations and the statutory U.S. federal income tax rate of 21% for 2019 and 2018 and 35% for 2017.



	Years Ended December 31,
(In percentages)	2019		2018		2017

U.S. federal tax rate	21.0	%	21.0	%	35.0	%
Increases (reductions) in taxes due to:
Venezuela deconsolidation and devaluations	—		62.4		—
Foreign rate differential	17.3		39.3		(3.7	)
Taxes on cross border income, net of credits	9.3		22.6		2.6
Tax on accelerated U.S. income^(a)	(7.9	)	—		(0.2	)
Adjustments to valuation allowances	16.0		13.1		3.4
Foreign income taxes	13.7		18.9		5.1
Tax reform	—		(4.9	)	47.4
French business tax	3.0		8.0		2.0
State income taxes, net	(2.2	)	(1.3	)	(1.3	)
Share-based compensation	(4.8	)	(14.4	)	(3.5	)
Other	(0.2	)	—		0.1
Actual income tax rate on continuing operations	65.2	%	164.7	%	86.9	%


(a)	In 2019, we recognized a benefit of $7.3 million ($0.4 million benefit in 2017) related to a previously recognized $23.5 million current tax expense that accelerated U.S. taxable income in 2015.

Components of Deferred Tax Assets and Liabilities



	December 31,
(In millions)	2019			2018

Deferred tax assets
Pension liabilities	$	62.1		55.4
Retirement benefits other than pensions	61.2			73.8
Lease liabilities	62.8			—
Workers’ compensation and other claims	37.0			30.6
Property and equipment, net	31.0			7.1
Other assets and liabilities	93.6			88.5
Net operating loss carryforwards	51.7			42.0
Alternative minimum and other tax credits^(a)	76.8			73.4
Subtotal	476.2			370.8
Valuation allowances	(118.3		)	(100.7	)
Total deferred tax assets	357.9			270.1

Deferred tax liabilities
Right-of-use assets, net	59.3			—
Goodwill and other intangibles	17.4			22.0
Other assets and miscellaneous	28.9			28.3
Deferred tax liabilities	105.6			50.3
Net deferred tax asset	$	252.3		219.8

Included in:
Noncurrent assets	273.5			236.5
Noncurrent liabilities	(21.2		)	(16.7	)
Net deferred tax asset	$	252.3		219.8


(a)	U.S. foreign tax credits of $72.6 million have a 10 year carryforward period and the remaining credits of $4.2 million have various carryforward periods. The U.S. foreign tax credits and other U.S. tax credits have a valuation allowance.

Valuation Allowances

Valuation allowances relate to deferred tax assets for certain federal credit carryforwards, certain state and non-U.S. jurisdictions. Based on our analysis of positive and negative evidence including historical and expected future taxable earnings, and a consideration of available tax-planning strategies, we believe it is more-likely-than-not that we will realize the benefit of the existing deferred tax assets, net of valuation allowances, at December 31, 2019.



	Years Ended December 31,
(In millions)	2019			2018		2017

Valuation allowances:
Beginning of year	$	100.7		98.9		62.8
Expiring tax credits	(0.3		)	(0.6	)	(0.4	)
Acquisitions and dispositions	3.1			(0.7	)	(3.4	)
Changes in judgment about deferred tax assets^(a)	5.3			—		(1.8	)
Other changes in deferred tax assets, charged to:
Income from continuing operations	10.0			6.1		43.9
Other comprehensive income (loss)	—			(0.3	)	0.2
Foreign currency exchange effects	(0.5		)	(2.7	)	(2.4	)
End of year	$	118.3		100.7		98.9


(a)	Changes in judgment about valuation allowances are based on a recognition threshold of “more-likely-than-not” of realizing beginning-of-year balances of deferred tax assets. Amounts are recognized in income from continuing operations.

Net Operating Losses

The gross amount of the net operating loss carryforwards as of December 31, 2019, was $414.2 million. The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2019, was $51.7 million, and expires as follows:



(In millions)	Federal		State	Foreign	Total

Years of expiration
2020-2024	$	—	0.1	7.6	7.7
2025-2029	—		0.7	3.7	4.4
2030 and thereafter	—		15.6	0.6	16.2
Unlimited	—		—	23.4	23.4
	$	—	16.4	35.3	51.7

Uncertain Tax Positions

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	Years Ended December 31,
(In millions)	2019			2018		2017

Uncertain tax positions:
Beginning of year	$	9.5		10.4		6.4
Increases related to prior-year tax positions	0.2			0.3		0.1
Decreases related to prior-year tax positions	(0.8		)	—		(0.5	)
Increases related to current-year tax positions	1.4			1.3		1.4
Increases related to acquisitions	3.1			—		4.2
Decreases related to acquisitions	—			(0.2	)	—
Settlements	(0.1		)	(0.4	)	(0.1	)
Effect of the expiration of statutes of limitation	(1.3		)	(1.1	)	(0.8	)
Foreign currency exchange effects	—			(0.8	)	(0.3	)
End of year	$	12.0		9.5		10.4

Included in the balance of unrecognized tax benefits at December 31, 2019, are potential benefits of approximately $11.5 million that, if recognized, will reduce the effective tax rate on income from continuing operations.

We recognize accrued interest and penalties related to unrecognized tax benefits in provision (benefit) for income taxes. We reverse interest and penalty accruals when a statute of limitation lapses or when we otherwise conclude the amounts should not be accrued. The impact of interest and penalties on the 2019 and 2018 tax provisions was not significant. The net increase (reversal) included in provision (benefit) for income taxes was ($0.3) million in 2017. We had accrued interest and penalties of $5.4 million at December 31, 2019, and $1.8 million at December 31, 2018.

We file income tax returns in the U.S. federal and various state and foreign jurisdictions. With a few exceptions, as of December 31, 2019, we were no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2016.

Additionally, due to statute of limitations expirations and audit settlements, it is reasonably possible that approximately $1.6 million of currently remaining unrecognized tax positions may be recognized by the end of 2020.

Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense			$ 0.3
Uncertain tax positions:
Beginning of year	$ 9.5	$ 10.4	6.4
Increases related to prior-year tax positions	0.2	0.3	0.1
Decreases related to prior-year tax positions	(0.8)	0.0	(0.5)
Increases related to current-year tax positions	1.4	1.3	1.4
Increases related to acquisitions	3.1	0.0	4.2
Decreases related to acquisitions	0.0	(0.2)	0.0
Settlements	(0.1)	(0.4)	(0.1)
Effect of the expiration of statutes of limitation	(1.3)	(1.1)	(0.8)
Foreign currency exchange effects	0.0	(0.8)	(0.3)
End of year	$ 12.0	$ 9.5	$ 10.4

Retirement Benefits - Savings Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense	$ 11.4	$ 9.9	$ 9.0
U.S. 401(K)
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense	6.5	5.0	4.4
Other plans
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense	$ 4.9	$ 4.9	$ 4.6

Accrued Liabilities

12 Months Ended

Dec. 31, 2019

Accrued Liabilities, Current [Abstract]

Accrued Liabilities



	December 31,
(In millions)	2019		2018

Payroll and other employee liabilities	$	140.8	146.3
Taxes, except income taxes	98.1		93.4
Income taxes payable	26.7		17.8
Acquisition-related obligations	7.8		20.4
Workers’ compensation and other claims	26.1		22.3
Cash held by cash management services operations^(a)	26.3		14.1
Cash supply chain deposit liability	47.4		35.3
Retirement benefits (see Note 4)	12.9		9.8
Operating lease liabilities	65.9		—
Other	176.4		142.7
Accrued liabilities	$	628.4	502.1

(a)

Acquisitions and Dispositions Acquisitions and Dispositions - Acquired Entities (Details) $ in Millions														3 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 14, 2019	Jun. 12, 2019	Jan. 04, 2019 USD ($) employee vehicle branch	Dec. 04, 2018 USD ($)	Nov. 01, 2018	Aug. 13, 2018 USD ($) employee vehicle branch	Oct. 31, 2017	Aug. 14, 2017	Jul. 18, 2017 USD ($) employee vehicle branch	Jun. 29, 2017	Apr. 19, 2017	Mar. 14, 2017	Dec. 31, 2019 USD ($) employee	Sep. 30, 2019 USD ($)	Dec. 31, 2019 USD ($) employee acquisition	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($) employee acquisition
Business Acquisition [Line Items]
Number of acquired operations \| acquisition																4		6
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Indemnification asset														$ (20.6)		$ (20.6)	$ (6.6)
Goodwill														$ 784.6		$ 784.6	678.6	$ 453.7
Other Acquisitions
Business Acquisition [Line Items]
Number of acquired operations \| acquisition																3		5
Entity Number of Employees \| employee														1,300		1,300		1,700
Intangible asset decrease																		$ 10.0
Goodwill increase																		9.0
Noncurrent liability increase																		12.0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid																$ 53.4		164.6
Indemnification asset														$ (12.9)		(12.9)		(9.8)
Fair value of future payments to sellers														7.8		7.8
Contingent consideration														1.6		1.6
Fair value of purchase consideration																49.9		154.8
Cash														5.1		5.1		7.4
Accounts receivables														4.4		4.4		20.1
Property and Equipment, net														7.1		7.1		13.9
Intangible assets														24.4		24.4		40.6
Goodwill														35.2		35.2		114.4
Other noncurrent assets														1.9		1.9		7.4
Current liabilities														(14.6)		(14.6)		(23.4)
Noncurrent liabilities														(13.6)		(13.6)		(25.6)
Fair value of net assets acquired														49.9		$ 49.9		$ 154.8
BI
Business Acquisition [Line Items]
Acquisition date			Jun. 12, 2019
Percentage of shares acquired			100.00%
COMEF
Business Acquisition [Line Items]
Acquisition date		Jun. 14, 2019
Percentage of shares acquired		100.00%
TVS
Business Acquisition [Line Items]
Acquisition date	Sep. 30, 2019
Percentage of shares acquired	100.00%														100.00%
Worldbridge
Business Acquisition [Line Items]
Acquisition date					Dec. 04, 2018
Percentage of shares acquired					60.00%
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Fair value of purchase consideration					$ 2.0
AATI
Business Acquisition [Line Items]
Acquisition date													Mar. 14, 2017
Percentage of shares acquired													100.00%
Pag Facil
Business Acquisition [Line Items]
Acquisition date												Apr. 19, 2017
Percentage of shares acquired												100.00%
LGS
Business Acquisition [Line Items]
Acquisition date											Jun. 29, 2017
Percentage of shares acquired											100.00%
Maco Litoral
Business Acquisition [Line Items]
Acquisition date									Aug. 14, 2017
Percentage of shares acquired									100.00%
Temis
Business Acquisition [Line Items]
Acquisition date								Oct. 31, 2017
Percentage of shares acquired								100.00%
Rodoban
Business Acquisition [Line Items]
Acquisition date				Jan. 04, 2019
Percentage of shares acquired				100.00%
Entity Number of Employees \| employee				2,900
Entity Number Of Branches \| branch				13
Entity Number Of Armored Vehicles \| vehicle				190
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid				$ 135.7
Indemnification asset				(1.9)
Fair value of purchase consideration				133.8
Cash				1.4
Accounts receivables				8.9
Other current assets				0.5
Property and Equipment, net				2.4
Intangible assets				49.0
Goodwill				85.1
Other noncurrent assets				5.8
Current liabilities				(11.4)
Noncurrent liabilities				(7.9)
Fair value of net assets acquired				133.8
Dunbar
Business Acquisition [Line Items]
Acquisition date							Aug. 13, 2018
Percentage of shares acquired							100.00%
Entity Number of Employees \| employee							5,400
Entity Number Of Branches \| branch							78
Entity Number Of Armored Vehicles \| vehicle							1,600
Intangible asset decrease																	20.0
Goodwill increase																	21.0
Noncurrent assets increase																	11.0
Noncurrent liability increase																	16.0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid							$ 546.8
Receivable from seller															$ (6.3)		$ 6.0
Fair value of purchase consideration							540.5
Cash							25.8
Accounts receivables							31.9
Other current assets							11.7
Property and Equipment, net							56.6
Intangible assets							162.0
Goodwill							304.1
Other noncurrent assets							21.1
Current liabilities							(29.5)
Noncurrent liabilities							(43.2)
Fair value of net assets acquired							540.5
Maco
Business Acquisition [Line Items]
Acquisition date										Jul. 18, 2017
Percentage of shares acquired										100.00%
Entity Number of Employees \| employee										1,450
Entity Number Of Branches \| branch										4
Entity Number Of Armored Vehicles \| vehicle										150
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid										$ 205.9
Fair value of purchase consideration										205.9				$ 15.1
Cash										10.3
Accounts receivables										16.6
Other current assets										0.6
Property and Equipment, net										2.4
Intangible assets										60.2
Goodwill										148.8
Other noncurrent assets										0.1
Current liabilities										(11.8)
Noncurrent liabilities										(21.3)
Fair value of net assets acquired										205.9
Brink's de Colombia SA
Business Acquisition [Line Items]
Acquisition date						Nov. 01, 2018
Percentage of shares acquired						42.00%
Ownership percentage after remaining noncontrolling interest acquired																100.00%
Customer relationships \| Rodoban
Business Acquisition [Line Items]
Remaining Amortization Period																11 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				47.0
Customer relationships \| Dunbar
Business Acquisition [Line Items]
Remaining Amortization Period																	15 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets							148.0
Customer relationships \| Maco
Business Acquisition [Line Items]
Remaining Amortization Period																		10 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets										56.0
Finite-lived trade names \| Rodoban
Business Acquisition [Line Items]
Remaining Amortization Period																1 year
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				1.0
Finite-lived trade names \| Dunbar
Business Acquisition [Line Items]
Remaining Amortization Period																	8 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets							$ 14.0
Finite-lived trade names \| Maco
Business Acquisition [Line Items]
Remaining Amortization Period																		2 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets										4.0
Noncompete Agreements \| Rodoban
Business Acquisition [Line Items]
Remaining Amortization Period																5 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets				$ 1.0
Noncompete Agreements \| Maco
Business Acquisition [Line Items]
Remaining Amortization Period																		3 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets										$ 1.0

Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

The following table presents our property and equipment that is classified as held and used:



	December 31,
(In millions)	2019			2018

Land	$	51.9		51.7
Buildings	211.0			199.9
Leasehold improvements	236.0			219.7
Vehicles	646.3			568.4
Capitalized software^(a)	213.4			203.4
Other machinery and equipment	667.3			625.5
	2,025.9			1,868.6
Accumulated depreciation and amortization	(1,262.6		)	(1,169.2	)
Property and equipment, net	$	763.3		699.4

(a)

Amortization of capitalized software costs included in continuing operations was $15.7 million in 2019, $16.5 million in 2018 and $20.5 million in 2017.

Retirement Benefits - Estimated Future Pension Benef Pmts (Details) $ in Millions	Dec. 31, 2019 USD ($)
Total
Defined Benefit Plan Disclosure [Line Items]
2020	$ 59.7
2021	59.9
2022	60.3
2023	61.4
2024	62.4
2025 through 2029	329.5
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2020	47.6
2021	47.6
2022	47.6
2023	47.7
2024	47.5
2025 through 2029	235.5
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2020	12.1
2021	12.3
2022	12.7
2023	13.7
2024	14.9
2025 through 2029	$ 94.0

Leases Leases - Lease cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Lease, Cost [Abstract]
Operating lease cost(a)	$ 97.2
Short-term lease cost	27.2
Amortization of right-of-use assets	27.4
Interest on lease liabilities	7.4
Total lease cost	$ 159.2	$ 151.3

Leases Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Supplemental balance sheet disclosure leases

The components of lease assets and liabilities were as follows:



(In millions)	Balance sheet classification	December 31, 2019
Assets:
Operating lease assets	Right-of-use assets, net	$	270.3
Finance lease assets	Property and equipment, net	162.5
Total leased assets		$	432.8

Liabilities:
Current:
Operating	Accrued liabilities	$	65.9
Financing	Current maturities of long-term debt	32.5
Noncurrent:
Operating	Lease liabilities	218.4
Financing	Long-term debt	117.0
Total lease liabilities		$	433.8

Lease expenses

The components of lease expense were as follows:



(In millions)	2019
Twelve Months Ended December 31,

Operating lease cost^(a)	$	97.2
Short-term lease cost	27.2
Finance lease cost:
Amortization of related assets	27.4
Interest on related liabilities	7.4
Total lease cost	$	159.2

(a)

Includes variable lease costs, which are immaterial.

Other information leases

Other information related to leases was as follows:



(In millions, except for lease term and discount rate)	2019
Twelve Months Ended December 31,

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	96.0
Operating cash flows from finance leases	7.4
Financing cash flows from finance leases	29.4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	56.3
Finance leases	59.7

Weighted Average Remaining Lease Term

Operating leases	7.2 years
Finance leases	5.2 years

Weighted Average Discount Rate

Operating leases	6.9		%
Finance leases	4.9		%

Operating lease future minimum lease payments

As of December 31, 2019, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:



(In millions)	Facilities		Vehicles		Other	Total

2020	$	57.1	7.8		20.8	85.7
2021	50.5		4.2		12.6	67.3
2022	42.9		1.4		7.5	51.8
2023	36.4		0.2		4.8	41.4
2024	29.1		—		1.4	30.5
Later years	117.1		—		—	117.1
Total Lease Payments	$	333.1	13.6		47.1	393.8
Less: Interest	104.4		0.6		4.5	109.5
Present value of lease liabilities	$	228.7	$	13.0	42.6	284.3

Financing lease minimum repayments

As of December 31, 2019, minimum repayments of long-term debt under financing leases were as follows:



(In millions)

2020	$	32.5
2021	31.8
2022	28.2
2023	24.0
2024	17.4
Later years	15.6
Total	$	149.5

Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reconciliation of Revenue and Operating Profit from Segments to Consolidated



	Revenues					Operating Profit
	Years Ended December 31,					Years Ended December 31,
(In millions)	2019			2018	2017	2019			2018		2017
Reportable Segments:
North America	$	1,782.8		1,466.3	1,254.2	$	186.4		129.8		74.0
South America	916.5			926.9	924.6	217.1			198.7		182.8
Rest of World	980.4			1,044.3	1,014.1	115.8			114.4		115.2
Total reportable segments	3,679.7			3,437.5	3,192.9	519.3			442.9		372.0
Reconciling Items:
Corporate items:
General, administrative and other expenses	—			—	—	(123.2		)	(99.4	)	(84.3	)
Foreign currency transaction losses	—			—	—	(4.8		)	(2.2	)	(1.1	)
Reconciliation of segment policies to GAAP	—			—	—	0.3			5.6		(5.2	)
Other items not allocated to segments:
Venezuela operations^(a)	—			51.4	154.1	—			2.3		20.4
Reorganization and Restructuring	—			—	—	(28.8		)	(20.6	)	(22.6	)
Acquisitions and dispositions	(0.5		)	—	—	(88.5		)	(41.4	)	(5.3	)
Argentina highly inflationary impact	—			—	—	(14.5		)	(8.0	)	—
Internal loss^(b)	4.0			—	—	(20.9		)	—		—
Reporting compliance^(c)	—			—	—	(2.1		)	(4.5	)	—
Total	$	3,683.2		3,488.9	3,347.0	$	236.8		274.7		273.9


(a)	Amounts in 2018 represent revenues and operating profit from our Venezuela operations prior to the June 30, 2018 deconsolidation. See Note 1 for details.


(b)	See details regarding the impact of the Internal loss at Note 1.

(c)

Accounting standard implementation and material weakness remediation. Additional information provided at page 28.

Schedule of Capital Expenditures, Depreciation and Amortization by Segment



	Years Ended December 31,
(In millions)	2019		2018	2017

Capital Expenditures by Reportable Segment
North America	$	76.6	59.1	86.3
South America	44.4		43.3	39.2
Rest of World	33.5		37.9	35.9
Total reportable segments	154.5		140.3	161.4
Corporate items	10.3		14.8	8.9
Venezuela	—		—	4.2
Total	$	164.8	155.1	174.5

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	81.1	72.1	68.4
South America	27.9		26.3	23.5
Rest of World	32.3		31.3	30.4
Total reportable segments	141.3		129.7	122.3
Corporate items	10.8		11.9	12.0
Venezuela	—		1.1	1.7
Argentina highly inflationary impact	1.8		—	—
Acquisitions and dispositions	3.1		—	—
Reorganization and Restructuring	0.2		1.9	2.2
Depreciation and amortization of property and equipment	157.2		144.6	138.2

Amortization of intangible assets^(a)	27.8		17.7	8.4
Total	$	185.0	162.3	146.6

(a)

Amortization of acquisition-related intangible assets has been excluded from reportable segment amounts.

Reconciliation of Assets from Segment to Consolidated



	December 31,
(In millions)	2019		2018	2017

Assets held by Reportable Segment
North America	$	1,683.0	1,404.5	733.5
South America	806.1		602.5	740.5
Rest of World	1,006.8		940.7	883.3
Total reportable segments	3,495.9		2,947.7	2,357.3
Corporate items	267.9		288.3	643.6
Venezuela	—		—	58.7
Total	$	3,763.8	3,236.0	3,059.6

Schedule of Long Lived Assets By Geographic Areas



	December 31,
(In millions)	2019		2018	2017

Long-Lived Assets by Geographic Area^(a)
Non-U.S.:
Mexico	$	129.4	107.0	99.6
France	74.1		79.0	84.1
Brazil	72.2		62.5	57.2
Canada	54.1		47.6	46.7
Other	150.0		135.4	146.5
Subtotal	479.8		431.5	434.1
U.S.	283.5		267.9	206.8
Total	$	763.3	699.4	640.9


(a)	Long-lived assets include only property and equipment.

Schedule of Revenue By Geographical Areas



	Years Ended December 31,
(In millions)	2019		2018	2017

Revenues by Geographic Area^(a)
Outside the U.S.:
Brazil	$	440.4	405.4	434.6
France	373.2		428.5	429.4
Mexico	412.4		365.3	327.2
Argentina	214.4		247.2	250.3
Venezuela	—		51.4	154.1
Canada	149.8		151.7	151.2
Other	868.4		890.1	824.4
Subtotal	2,458.6		2,539.6	2,571.2
U.S.	1,224.6		949.3	775.8
Total	$	3,683.2	3,488.9	3,347.0

(a)

Revenues are recorded in the country where service is initiated or performed. No single customer represents more than 10% of total revenue.

Schedule of Net Assets Outside the U.S.



	December 31,
(In millions)	2019		2018	2017

Net assets outside the U.S.
France	$	155.4	213.4	219.4
Other Rest of World countries	313.6		309.2	273.1
Mexico	181.3		154.8	133.7
Argentina	166.1		154.6	234.0
Brazil	274.1		147.9	151.3
Other South American countries	123.7		109.6	116.2
Canada	45.9		52.0	63.3
Total	$	1,260.1	1,141.5	1,191.0

Schedule Of Financial Information About Equity Affiliates Held By Segments



(In millions)	2019		2018	2017

Information about Unconsolidated Equity Affiliates:
Carrying value of investments and advances at December 31	$	5.0	4.9	4.0
Undistributed earnings at December 31	3.2		3.5	2.6
Share of equity earnings (loss)	0.9		1.9	0.4

Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Workers’ compensation and other claims	$ 81.3	$ 89.4
Post-employment benefits	7.2	7.6
Asset retirement and remediation obligations	18.6	19.1
Acquisition-related obligations	1.5	0.0
Noncurrent tax liabilities	15.3	9.2
Other	59.2	43.4
Other liabilities	$ 183.1	$ 168.7

Subsequent Events Subsequent Events	12 Months Ended
Subsequent Events Subsequent Events	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Share Repurchase Program On February 6, 2020, we announced that the board of directors authorized a $250 million share repurchase authorization that expires on December 31, 2021. The authorization replaces our previous repurchase program, which expired December 31, 2019. Acquisition of Cash Management Operations On February 26, 2020, we announced that we agreed to purchase the majority of the cash management operations from U.K.-based G4S plc for approximately $860 million. The acquisition will be completed in multiple phases. The acquired operations, located primarily in Europe and Asia, generate approximately $800 million in annual revenues.

Debt - Narrative (Details) $ in Millions		1 Months Ended	12 Months Ended
Debt - Narrative (Details) $ in Millions	Feb. 08, 2019 USD ($)	Oct. 31, 2017 USD ($)	Dec. 31, 2019 USD ($) facility	Sep. 30, 2019 USD ($)
Senior Secured Credit Facility - Original
Long-term Debt Types [Abstract]
Debt, aggregate principal amount	$ 469
Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Commitment Fee			0.25%
Letter of Credit \| Three Committed Letter of Credit Facilities
Long-term Debt Types [Abstract]
Available capacity amount			$ 29
Number of term loan facilities \| facility			3
Amount available			$ 80
Undrawn letters of credit			51
Letter of Credit \| Ten Million Committed Facility
Long-term Debt Types [Abstract]
Maximum borrowing capacity			10
Letter of Credit \| Fifty Four Million Committed Letter Of Credit Facility
Long-term Debt Types [Abstract]
Maximum borrowing capacity			54
Letter of Credit \| Sixteen Million Committed Letter of Credit Facility
Long-term Debt Types [Abstract]
Maximum borrowing capacity			16
Letter of Credit \| Two Unsecured Letter Of Credit Facilities
Long-term Debt Types [Abstract]
Available capacity amount			$ 33
Number of term loan facilities \| facility			2
Amount available			$ 55
Undrawn letters of credit			22
Letter of Credit \| Forty Million Unsecured Letter of Credit Facility
Long-term Debt Types [Abstract]
Amount available			40
Letter of Credit \| Fifteen Million Unsecured Letter of Credit Facility
Long-term Debt Types [Abstract]
Amount available			$ 15
Minimum \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Commitment Fee			0.15%
Maximum \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Commitment Fee			0.30%
Term Loan A \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Debt, aggregate principal amount	$ 800
Quarterly principal payment, percentage	1.25%
Revolving Credit Facility \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Maximum borrowing capacity	$ 1,000
Line of credit maturity period	5 years
Available capacity amount				$ 885
Senior unsecured notes \| Six hundred million senior unsecured notes
Long-term Debt Types [Abstract]
Debt, aggregate principal amount		$ 600
Debt maturity period		10 years
Interest Rate Percentage		4.625%
LIBOR \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Interest rate margin			1.75%
LIBOR \| Senior Secured Credit Facility - Amended \| Minimum
Long-term Debt Types [Abstract]
Interest rate margin			1.25%
LIBOR \| Senior Secured Credit Facility - Amended \| Maximum
Long-term Debt Types [Abstract]
Interest rate margin			2.00%
Base Rate \| Senior Secured Credit Facility - Amended
Long-term Debt Types [Abstract]
Interest rate margin			0.75%
Base Rate \| Senior Secured Credit Facility - Amended \| Minimum
Long-term Debt Types [Abstract]
Interest rate margin			0.25%
Base Rate \| Senior Secured Credit Facility - Amended \| Maximum
Long-term Debt Types [Abstract]
Interest rate margin			1.00%

Income Taxes - Rate Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Rate Reconciliation [Abstract]
U.S. federal tax rate		21.00%	21.00%	35.00%
Venezuela deconsolidation and devaluation		0.00%	62.40%	0.00%
Foreign rate differential		17.30%	39.30%	(3.70%)
Taxes on cross border income, net of credits		9.30%	22.60%	2.60%
Tax on accelerated U.S. income(a)		(7.90%)	0.00%	(0.20%)
Adjustments to valuation allowances		16.00%	13.10%	3.40%
Foreign income taxes		13.70%	18.90%	5.10%
Tax reform		0.00%	(4.90%)	47.40%
French business tax		3.00%	8.00%	2.00%
State income taxes, net		(2.20%)	(1.30%)	(1.30%)
Share-based compensation		(4.80%)	(14.40%)	(3.50%)
Other		(0.20%)	0.00%	0.10%
Actual income tax rate on continuing operations		65.20%	164.70%	86.90%
Accelerated U.S. income tax expense	$ 23.5	$ 7.3		$ 0.4

Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Accrued Liabilities, Current [Abstract]
Payroll and other employee liabilities	$ 140.8	$ 146.3
Taxes, except income taxes	98.1	93.4
Income taxes payable	26.7	17.8
Acquisition-related obligations	7.8	20.4
Workers’ compensation and other claims	26.1	22.3
Cash held by cash management services operations(a)	26.3	14.1
Cash supply chain deposit liability	47.4	35.3
Retirement benefits (see Note 4)	12.9	9.8
Operating lease liabilities	65.9	0.0
Other	176.4	142.7
Accrued liabilities	$ 628.4	$ 502.1

Accumulated Other Comprehensive Income (Loss) - Reclasses Out Of AOCI (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Mar. 31, 2019

Mar. 31, 2018

Accumulated Other Comprehensive Income [Abstract]

$ 166.6

$ 338.2

$ 354.8

Cumulative effect of change in accounting principle

3.9

(16.5)

(18.8)

$ 0.0

^[1]

$ 2.2

^[2]

Acquisitions of noncontrolling interests

(21.0)

Accumulated Other Comprehensive Income [Abstract]

207.6

166.6

338.2

Benefit plan adjustments

Other comprehensive income (loss) before reclassifications

(572.1)

(601.0)

(559.6)

(33.6)

(22.8)

(78.1)

Amounts reclassified from accumulated other comprehensive loss to net income (loss)

51.5

51.7

36.7

17.9

28.9

(41.4)

Foreign Currency Translation Adjustments

(583.0)

(572.1)

(601.0)

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

(382.0)

(327.4)

(349.1)

(0.9)

(151.6)

21.7

Amounts reclassified from accumulated other comprehensive loss to net income (loss)

0.1

106.9

0.0

Acquisitions of noncontrolling interests

(0.8)

(44.7)

21.7

(9.9)

Unrealized Gains (Losses) on Available-for-Sale Securities

(382.8)

(382.0)

(327.4)

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

0.0

1.1

1.0

0.0

1.1

Amounts reclassified from accumulated other comprehensive loss to net income (loss)

0.0

(1.0)

0.0

0.1

Gains (Losses) on Cash Flow Hedges

0.0

1.1

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

0.8

0.7

(14.0)

0.3

(0.2)

Amounts reclassified from accumulated other comprehensive loss to net income (loss)

0.0

(0.2)

0.2

(14.0)

0.1

0.0

AOCI Attributable to Parent

(13.2)

0.8

0.7

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

(953.3)

(926.6)

(907.0)

(48.5)

(174.1)

(55.5)

Amounts reclassified from accumulated other comprehensive loss to net income (loss)

51.6

158.4

35.9

Cumulative effect of change in accounting principle

3.1

(15.7)

(19.6)

(28.8)

^[1]

(1.1)

^[2]

Acquisitions of noncontrolling interests

(9.9)

Accounting Standards Update 2016-01 | Unrealized Gains (Losses) on Available-for-Sale Securities

$ (979.0)

$ (953.3)

$ (926.6)

Accumulated Other Comprehensive Income [Abstract]

Cumulative effect of change in accounting principle

(1.1)

Accounting Standards Update 2016-01 | AOCI Attributable to Parent

Accumulated Other Comprehensive Income [Abstract]

Cumulative effect of change in accounting principle

$ (1.1)

Accounting Standards Update 2018-02 | Benefit plan adjustments

Accumulated Other Comprehensive Income [Abstract]

Cumulative effect of change in accounting principle

(28.8)

Accounting Standards Update 2018-02 | AOCI Attributable to Parent

Accumulated Other Comprehensive Income [Abstract]

Cumulative effect of change in accounting principle

$ (28.8)

[1]

Effective January 1, 2019, we adopted the provisions of ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. We recognized a cumulative effect adjustment to January 1, 2019 retained earnings as a result of adopting this standard. See Note 1 for further details.

[2]

Effective January 1, 2018, we adopted the provisions of ASU 2014-09, Revenue From Contracts with Customers, ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, and ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory. We recognized a cumulative effect adjustment to January 1, 2018 retained earnings as a result of adopting each of these standards. See Note 1 for further details of the impact of each standard.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of income (loss) from continuing operations before income taxes



	Years Ended December 31,
(In millions)	2019			2018		2017

Income (loss) from continuing operations before income taxes
U.S.	$	(90.2	)	(32.9	)	(41.6	)
Foreign	183.7			75.4		223.1
Income from continuing operations before income taxes	$	93.5		42.5		181.5

Schedule of Components of Income Tax Expense Benefit



Provision (benefit) for income taxes from continuing operations
Current tax expense (benefit)
U.S. federal	$	(0.8	)	(2.3	)	(33.7	)
State	4.3			0.7		0.4
Foreign	90.8			92.1		96.8
Current tax expense	94.3			90.5		63.5

Deferred tax expense (benefit)
U.S. federal	(30.4		)	(7.5	)	106.2
State	(4.8		)	(2.9	)	(4.9	)
Foreign	1.9			(10.1	)	(7.1	)
Deferred tax expense (benefit)	(33.3		)	(20.5	)	94.2
Provision for income taxes of continuing operations	$	61.0		70.0		157.7

Comprehensive provision (benefit) for income taxes allocation



	Years Ended December 31,
(In millions)	2019		2018	2017

Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	$	61.0	70.0	157.7
Discontinued operations	0.2		—	(0.1	)
Other comprehensive income (loss)	0.4		5.0	(1.8	)
Comprehensive provision for income taxes	$	61.6	75.0	155.8

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the difference between the actual tax rate on continuing operations and the statutory U.S. federal income tax rate of 21% for 2019 and 2018 and 35% for 2017.



	Years Ended December 31,
(In percentages)	2019		2018		2017

U.S. federal tax rate	21.0	%	21.0	%	35.0	%
Increases (reductions) in taxes due to:
Venezuela deconsolidation and devaluations	—		62.4		—
Foreign rate differential	17.3		39.3		(3.7	)
Taxes on cross border income, net of credits	9.3		22.6		2.6
Tax on accelerated U.S. income^(a)	(7.9	)	—		(0.2	)
Adjustments to valuation allowances	16.0		13.1		3.4
Foreign income taxes	13.7		18.9		5.1
Tax reform	—		(4.9	)	47.4
French business tax	3.0		8.0		2.0
State income taxes, net	(2.2	)	(1.3	)	(1.3	)
Share-based compensation	(4.8	)	(14.4	)	(3.5	)
Other	(0.2	)	—		0.1
Actual income tax rate on continuing operations	65.2	%	164.7	%	86.9	%

(a)

In 2019, we recognized a benefit of $7.3 million ($0.4 million benefit in 2017) related to a previously recognized $23.5 million current tax expense that accelerated U.S. taxable income in 2015.

Schedule of Deferred Tax Assets and Liabilities

Components of Deferred Tax Assets and Liabilities



	December 31,
(In millions)	2019			2018

Deferred tax assets
Pension liabilities	$	62.1		55.4
Retirement benefits other than pensions	61.2			73.8
Lease liabilities	62.8			—
Workers’ compensation and other claims	37.0			30.6
Property and equipment, net	31.0			7.1
Other assets and liabilities	93.6			88.5
Net operating loss carryforwards	51.7			42.0
Alternative minimum and other tax credits^(a)	76.8			73.4
Subtotal	476.2			370.8
Valuation allowances	(118.3		)	(100.7	)
Total deferred tax assets	357.9			270.1

Deferred tax liabilities
Right-of-use assets, net	59.3			—
Goodwill and other intangibles	17.4			22.0
Other assets and miscellaneous	28.9			28.3
Deferred tax liabilities	105.6			50.3
Net deferred tax asset	$	252.3		219.8

Included in:
Noncurrent assets	273.5			236.5
Noncurrent liabilities	(21.2		)	(16.7	)
Net deferred tax asset	$	252.3		219.8

(a)

U.S. foreign tax credits of $72.6 million have a 10 year carryforward period and the remaining credits of $4.2 million have various carryforward periods. The U.S. foreign tax credits and other U.S. tax credits have a valuation allowance.

Summary of Valuation Allowance

Based on our analysis of positive and negative evidence including historical and expected future taxable earnings, and a consideration of available tax-planning strategies, we believe it is more-likely-than-not that we will realize the benefit of the existing deferred tax assets, net of valuation allowances, at December 31, 2019.



	Years Ended December 31,
(In millions)	2019			2018		2017

Valuation allowances:
Beginning of year	$	100.7		98.9		62.8
Expiring tax credits	(0.3		)	(0.6	)	(0.4	)
Acquisitions and dispositions	3.1			(0.7	)	(3.4	)
Changes in judgment about deferred tax assets^(a)	5.3			—		(1.8	)
Other changes in deferred tax assets, charged to:
Income from continuing operations	10.0			6.1		43.9
Other comprehensive income (loss)	—			(0.3	)	0.2
Foreign currency exchange effects	(0.5		)	(2.7	)	(2.4	)
End of year	$	118.3		100.7		98.9

(a)

Changes in judgment about valuation allowances are based on a recognition threshold of “more-likely-than-not” of realizing beginning-of-year balances of deferred tax assets. Amounts are recognized in income from continuing operations.

Net Operating Losses

The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2019, was $51.7 million, and expires as follows:



(In millions)	Federal		State	Foreign	Total

Years of expiration
2020-2024	$	—	0.1	7.6	7.7
2025-2029	—		0.7	3.7	4.4
2030 and thereafter	—		15.6	0.6	16.2
Unlimited	—		—	23.4	23.4
	$	—	16.4	35.3	51.7

Uncertain Tax Positions

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	Years Ended December 31,
(In millions)	2019			2018		2017

Uncertain tax positions:
Beginning of year	$	9.5		10.4		6.4
Increases related to prior-year tax positions	0.2			0.3		0.1
Decreases related to prior-year tax positions	(0.8		)	—		(0.5	)
Increases related to current-year tax positions	1.4			1.3		1.4
Increases related to acquisitions	3.1			—		4.2
Decreases related to acquisitions	—			(0.2	)	—
Settlements	(0.1		)	(0.4	)	(0.1	)
Effect of the expiration of statutes of limitation	(1.3		)	(1.1	)	(0.8	)
Foreign currency exchange effects	—			(0.8	)	(0.3	)
End of year	$	12.0		9.5		10.4

Cover page - USD ($)	12 Months Ended
Cover page - USD ($)	Dec. 31, 2019	Feb. 24, 2020	Jun. 28, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-09148
Entity Registrant Name	BRINK’S CO
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1317776
Entity Address, Address Line One	1801 Bayberry Court
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23226-8100
City Area Code	804
Local Phone Number	289-9600
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	BCO
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		50,165,320
Entity Public Float			$ 4,016,051,640
Document Fiscal Year Focus	2019
Amendment Flag	false
Document Fiscal Period Focus	FY
Entity Central Index Key	0000078890
Current Fiscal Year End Date	--12-31

Other Commitments and Contingencies	12 Months Ended
Other Commitments and Contingencies	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Other Commitments and Contingencies	Other Commitments and Contingencies During the fourth quarter of 2018, we became aware of an investigation initiated by the Chilean Fiscalía Nacional Económica (the Chilean antitrust agency) related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. Because no legal proceedings have been initiated against Brink’s Chile, we cannot estimate the probability of loss or any range of possible loss at this time. It is possible, however, that Brink’s Chile could become the subject of legal or administrative claims or proceedings that could result in a loss in a future period. In addition, we are involved in various other lawsuits and claims in the ordinary course of business. We are not able to estimate the loss or range of losses for some of these matters. We have recorded accruals for losses that are considered probable and reasonably estimable. Except as otherwise noted, we do not believe that it is reasonably possible the ultimate disposition of any of the lawsuits currently pending against the Company could have a material adverse effect on our liquidity, financial position or results of operations. At December 31, 2019, we had noncancellable commitments for $32.2 million in equipment purchases, and information technology and other services.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Investments in Marketable Securities

We have investments in mutual funds and equity securities that are carried at fair value in the financial statements. For these investments, fair value was based on quoted market prices, which we have categorized as a Level 1 valuation.

Fixed-Rate Debt

The fair value and carrying value of our fixed-rate debt, excluding any unamortized debt issuance costs, are as follows:



	December 31,
(In millions)	2019		2018

Senior unsecured notes
Carrying value	$	600.0	600.0
Fair value	624.7		519.9

The fair value estimate of our senior unsecured notes was based on the present value of future cash flows, discounted at rates for similar instruments at the measurement date, which we have categorized as a Level 3 valuation.

Forward and Swap Contracts

We have outstanding foreign currency forward and swap contracts to hedge transactional risks associated with foreign currencies. At December 31, 2019, the notional value of our outstanding foreign currency forward and swap contracts was $155 million, with average maturities of approximately one month. These foreign currency forward and swap contracts primarily offset exposures in the euro and the Brazilian real and are not designated as hedges for accounting purposes and, accordingly, changes in their fair value are recorded immediately in earnings. At December 31, 2019, the fair value of these foreign currency contracts was a net asset of approximately $0.6 million, of which $0.8 million was included in prepaid expenses and other and $0.2 million was included in accrued liabilities on the consolidated balance sheet. We recognized gains of $6.9 million on our short term foreign currency contracts in 2019, gains of $7.7 million in 2018 and gains of $0.8 million in 2017.

In the first quarter of 2019, we entered into a long term cross currency swap contract to hedge exposure in Brazilian real, which is designated as a cash flow hedge for accounting purposes. At December 31, 2019, the notional value of this long term contract was $125 million with a weighted-average maturity of 2.3 years. We recognized net gains of $0.7 million on this contract, of which gains of $5.8 million were included in other operating income (expense) to offset transaction losses of $5.8 million and expenses of $5.1 million were included in interest expense in 2019. At December 31, 2019, the fair value of the long term cross currency swap contract was a $2.1 million net asset, of which a $4.9 million asset is included in other assets and a $2.8 million liability is included in accrued liabilities on the consolidated balance sheet.

In the first quarter of 2016, we entered into two interest rate swaps to hedge cash flow risk associated with changes in variable interest rates and are designated as cash flow hedges for accounting purposes. At December 31, 2019, the notional value of these contracts was $40 million with a weighted-average maturity of 0.7 years. At December 31, 2019, the fair value of these interest rate swaps was an asset of $0.2 million and was included in prepaid expenses and other on the consolidated balance sheet. The effect of these swaps is included in interest expense and was not significant in 2019.

In the first quarter of 2019, we entered into ten interest rate swaps that hedge cash flow risk associated with changes in variable interest rates and that are designated as cash flow hedges for accounting purposes. At December 31, 2019, the notional value of these contracts was $400 million with a remaining weighted-average maturity of 2.1 years. At December 31, 2019, the fair value of these interest rate swaps was a net liability of $15.0 million, of which $3.6 million was included in accrued liabilities and $11.4 million was included in other liabilities on the consolidated balance sheet. The effect of these swaps is included in interest expense and was approximately $1.0 million in 2019.

The fair values of these forward and swap contracts are based on the present value of net future cash payments and receipts, which we have categorized as a Level 2 valuation.

Contingent Consideration

In the fourth quarter of 2019, we paid the remaining contingent consideration payable for our acquisition of Maco Transportadora. This remaining contingent consideration paid was a scheduled second installment, with the amount to be paid in the fourth quarter of 2019 based partially on the retention of customer revenue versus a target revenue amount. If there was a shortfall in revenues, a multiple of 2.5 would have been applied to the revenue shortfall and the contingent consideration to be paid to the former owners would have been reduced. Because there was no shortfall in revenues, no reduction occurred. We paid an additional $15.1 million and settled the outstanding contingent consideration.

Other Financial Instruments

Other financial instruments include cash and cash equivalents, accounts receivable, floating rate debt, accounts payable and accrued liabilities. The financial statement carrying amounts of these items approximate the fair value.

There were no transfers in or out of any of the levels of the valuation hierarchy in 2019.

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Interest	$ 84.2	$ 63.7	$ 27.1
Income taxes, net	23.9	90.6	83.8
Financing leases	59.7	51.9	51.7
Payment of acquisition-related obligation	(20.3)	(17.6)	(90.9)
Restricted cash	158.0	136.1
Cash and cash equivalents	311.0	343.4
Cash, Cash Equivalents, and Restricted Cash	469.0	479.5	726.9	$ 239.0
Cash from Short Term Borrowings
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	10.3	10.5
Cash Held From Customers
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	100.3	90.3
Deposits Liability
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	47.4	35.3
Maco
Condensed Cash Flow Statements, Captions [Line Items]
Payment of acquisition-related obligation	(15.6)	$ (16.3)	$ (90.9)
Rodoban
Condensed Cash Flow Statements, Captions [Line Items]
Payment of acquisition-related obligation	(2.6)
Argentina, Pesos
Condensed Cash Flow Statements, Captions [Line Items]
Purchase of currency conversion instruments	23.6
Proceeds from sale of currency conversion instruments	$ 18.9

Retirement Benefits - Estimated OPEB Future Ben Pmts (Details) $ in Millions	Dec. 31, 2019 USD ($)
Retirement benefits other than pension
Estimated Future Benefits Payments [Line Items]
2020	$ 41.2
2021	40.5
2022	39.3
2023	38.3
2024	37.0
2025 through 2029	165.6
UMWA Plans
Estimated Future Benefits Payments [Line Items]
2020	30.2
2021	30.2
2022	29.7
2023	29.3
2024	28.7
2025 through 2029	132.2
Black Lung and Other Plans
Estimated Future Benefits Payments [Line Items]
2020	11.0
2021	10.3
2022	9.6
2023	9.0
2024	8.3
2025 through 2029	$ 33.4

Fair Value of Financial Instruments (Details)		3 Months Ended	12 Months Ended
Fair Value of Financial Instruments (Details)	Jul. 18, 2017 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Mar. 31, 2019 derivative_instrument	Mar. 31, 2016 derivative_instrument
Debt Securities, Available-for-sale [Line Items]
Foreign currency derivative instrument gains			$ 6,900,000	$ 7,700,000	$ 800,000
Other operating income (expense)			(9,400,000)	(1,700,000)	3,300,000
Foreign currency transaction losses			(22,900,000)	(13,900,000)	(9,200,000)
Interest Expense			90,600,000	66,700,000	32,200,000
Not Designated as Hedging Instrument \| Foreign Exchange Contract
Debt Securities, Available-for-sale [Line Items]
Notional value of nonderivative instrument			$ 155,000,000
Weighted average maturity			1 month
Gain (loss) on foreign currency contract			$ 6,900,000	7,700,000	$ 800,000
Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of foreign currency contract, net		$ 600,000	600,000
Designated as Hedging Instrument \| Currency Swap
Debt Securities, Available-for-sale [Line Items]
Notional value of derivative instrument		125,000,000	$ 125,000,000
Weighted average maturity			2 years 3 months 18 days
Foreign currency derivative instrument gains			$ 700,000
Other operating income (expense)			5,800,000
Foreign currency transaction losses			5,800,000
Interest Expense			5,100,000
Designated as Hedging Instrument \| Currency Swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position		2,100,000	2,100,000
Designated as Hedging Instrument \| Interest Rate Swap
Debt Securities, Available-for-sale [Line Items]
Notional value of derivative instrument		40,000,000	$ 40,000,000
Weighted average maturity			8 months 12 days
Number of interest rate swaps \| derivative_instrument							2
Designated as Hedging Instrument \| Interest Rate Swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, net		200,000	$ 200,000
Designated as Hedging Instrument \| $400 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Notional value of derivative instrument		400,000,000	$ 400,000,000
Weighted average maturity			2 years 1 month 6 days
Interest Expense			$ 1,000,000.0
Number of interest rate swaps \| derivative_instrument						10
Designated as Hedging Instrument \| $400 million interest rate swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, net		15,000,000.0	15,000,000.0
Prepaid Expenses and Other Current Assets \| Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of foreign currency contract, net		800,000	800,000
Accrued Liabilities \| Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of foreign currency contract, net		200,000	200,000
Accrued Liabilities \| Designated as Hedging Instrument \| Currency Swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position		2,800,000	2,800,000
Accrued Liabilities \| Designated as Hedging Instrument \| $400 million interest rate swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position		3,600,000	3,600,000
Other Assets \| Designated as Hedging Instrument \| Currency Swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position		4,900,000	4,900,000
Other Liabilities \| Designated as Hedging Instrument \| $400 million interest rate swap \| Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position		11,400,000	11,400,000
Six hundred million senior unsecured notes
Debt Securities, Available-for-sale [Line Items]
Carrying value		600,000,000.0	600,000,000.0	600,000,000.0
Six hundred million senior unsecured notes \| Level 3
Debt Securities, Available-for-sale [Line Items]
Fair value		624,700,000	$ 624,700,000	$ 519,900,000
Maco
Debt Securities, Available-for-sale [Line Items]
Purchase consideration	$ 205,900,000	$ 15,100,000
Measurement Input, Revenue Multiple \| Maco
Debt Securities, Available-for-sale [Line Items]
Revenue Multiple	2.5

Share-Based Compensation Plans - Terms and Assumptions (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
TSR PSU
Weighted-average assumptions used to estimate fair value:
Expected dividend yield	0.80%	0.80%	0.80%
Expected stock price volatility	30.80%	29.90%	30.60%
Risk-free interest rate	2.50%	2.40%	1.40%
Contractual term in years	2 years 9 months 18 days	2 years 10 months 24 days	2 years 10 months 24 days
Weighted-average fair value estimate at grant date	$ 3.0	$ 3.2	$ 2.0
Weighted-average fair value estimate per share (in dollars per share)	$ 105.16	$ 79.05	$ 67.81
Vesting period	3 years
Performance-based Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period for achieving stock price hurdles	3 years
Weighted-average assumptions used to estimate fair value:
Expected dividend yield		0.80%	0.80%
Expected stock price volatility		29.30%	29.30%
Risk-free interest rate		2.60%	1.80%
Contractual term in years	4 years 6 months	4 years 6 months	4 years 6 months
Market price (in dollars per share)	$ 90.68
Weighted-average fair value estimate at grant date		$ 7.0	$ 3.6
Weighted-average fair value estimate per share (in dollars per share)	$ 0	$ 16.73	$ 11.97
Vesting period	3 years
Contractual term	6 years
Time Based Vesting Option
Weighted-average assumptions used to estimate fair value:
Expected dividend yield	0.80%		0.70%
Expected stock price volatility	30.30%		28.90%
Risk-free interest rate	2.50%		1.70%
Contractual term in years	4 years 6 months		4 years 6 months
Market price (in dollars per share)	$ 90.68
Weighted-average fair value estimate at grant date	$ 3.0		$ 0.1
Weighted-average fair value estimate per share (in dollars per share)	$ 21.58		$ 21.09

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance	$ 30.2	$ 10.1
Par value (in dollars per share)	$ 1	$ 1
Shares authorized (in shares)	100,000,000	100,000,000
Shares issued (in shares)	50,100,000	49,700,000
Shares outstanding (in shares)	50,100,000	49,700,000

Capital Stock - Shares Used To Calculate Earnings (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity [Abstract]
Basic (shares)	50.2	50.9	50.7
Effect of dilutive stock awards (shares)	0.9	0.0	1.1
Diluted (shares)	51.1	50.9	51.8
Antidilutive stock options and awards excluded from denominator (shares)	0.1	1.6	0.1
Deferred compensation common stock unit (shares)	0.3	0.3	0.3

Consolidated Statement of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Brink's common shareholders per share declared (dollars per share)	$ 0.6	$ 0.6	$ 0.55

Revenue from contracts with customers Revenue from contracts with customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenue Disaggregated by Reportable Segment and Type of Service



(In millions)	Core Services		High-Value Services		Other Security Services	Total
Twelve months ended December 31, 2019

Reportable Segments:
North America	$	1,115.1	667.7		—	1,782.8
South America	486.4		418.8		11.3	916.5
Rest of World	351.8		494.4		134.2	980.4
Total reportable segments	1,953.3		1,580.9		145.5	3,679.7

Not Allocated to Segments:
Acquisitions and dispositions	—		(0.5	)	—	(0.5	)
Internal loss^(a)	—		4.0		—	4.0
Total	$	1,953.3	1,584.4		145.5	3,683.2

Twelve months ended December 31, 2018

Reportable Segments:
North America	$	895.1	571.2		—	1,466.3
South America	449.8		465.1		12.0	926.9
Rest of World	357.3		512.0		175.0	1,044.3
Total reportable segments	1,702.2		1,548.3		187.0	3,437.5

Not Allocated to Segments:
Venezuela^(b)	18.4		33.0		—	51.4
Total	$	1,720.6	1,581.3		187.0	3,488.9

Contract with Customer, Asset and Liability

The opening and closing balances of receivables, contract assets and contract liabilities related to contracts with customers are as follows:



(In millions)	Receivables		Contract Asset	Contract Liability

Opening (January 1, 2019)	$	599.5	1.8	2.5
Closing (December 31, 2019)	635.6		1.9	12.8
Increase	$	36.1	0.1	10.3

Leases Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

We lease facilities, vehicles, CompuSafe^® units, computers and other equipment under long-term operating and financing leases with varying terms. Most of the operating leases contain renewal and/or purchase options at our sole discretion. The renewal periods differ by asset class and by country and are included in our determination of lease term if we determine we are reasonably certain to exercise the option.

We have taken the component election for all material asset categories, except CompuSafe units. This election allows us to account for lease components (e.g., fixed payments or variable payments that depend on a rate that can be determined at commencement, including rent for the right to use the asset) together with nonlease components (e.g., other fixed payments that deliver a good or service including common-area maintenance costs) in the calculation of the right-of-use asset and corresponding liability. Variable costs, such as inflation adjusted payments for facilities, or nonlease components that vary periodically (included as part of the component election), are expensed as incurred.

Our leases do not contain any material residual value guarantees or material restrictive covenants.

The components of lease assets and liabilities were as follows:



(In millions)	Balance sheet classification	December 31, 2019
Assets:
Operating lease assets	Right-of-use assets, net	$	270.3
Finance lease assets	Property and equipment, net	162.5
Total leased assets		$	432.8

Liabilities:
Current:
Operating	Accrued liabilities	$	65.9
Financing	Current maturities of long-term debt	32.5
Noncurrent:
Operating	Lease liabilities	218.4
Financing	Long-term debt	117.0
Total lease liabilities		$	433.8

The components of lease expense were as follows:



(In millions)	2019
Twelve Months Ended December 31,

Operating lease cost^(a)	$	97.2
Short-term lease cost	27.2
Finance lease cost:
Amortization of related assets	27.4
Interest on related liabilities	7.4
Total lease cost	$	159.2


(a)	Includes variable lease costs, which are immaterial.

Net rent expense and amortization expense and interest on finance leases included in continuing operations was $151.3 million for the twelve months ended December 31, 2018.

Other information related to leases was as follows:



(In millions, except for lease term and discount rate)	2019
Twelve Months Ended December 31,

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	96.0
Operating cash flows from finance leases	7.4
Financing cash flows from finance leases	29.4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	56.3
Finance leases	59.7

Weighted Average Remaining Lease Term

Operating leases	7.2 years
Finance leases	5.2 years

Weighted Average Discount Rate

Operating leases	6.9		%
Finance leases	4.9		%

As of December 31, 2019, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:



(In millions)	Facilities		Vehicles		Other	Total

2020	$	57.1	7.8		20.8	85.7
2021	50.5		4.2		12.6	67.3
2022	42.9		1.4		7.5	51.8
2023	36.4		0.2		4.8	41.4
2024	29.1		—		1.4	30.5
Later years	117.1		—		—	117.1
Total Lease Payments	$	333.1	13.6		47.1	393.8
Less: Interest	104.4		0.6		4.5	109.5
Present value of lease liabilities	$	228.7	$	13.0	42.6	284.3

As of December 31, 2019, minimum repayments of long-term debt under financing leases were as follows:



(In millions)

2020	$	32.5
2021	31.8
2022	28.2
2023	24.0
2024	17.4
Later years	15.6
Total	$	149.5

Selected Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Data (unaudited)



	2019 Quarters								2018 Quarters
(In millions, except for per share amounts)	1^st		2^nd		3^rd		4^th		1^st		2^nd		3^rd		4^th

Revenues	$	905.0	914.0		928.4		935.8		$	879.1	849.7		852.4		907.7
Operating profit	58.4		52.6		52.5		73.3		64.8		61.7		67.0		81.2
Amounts attributable to Brink’s:
Income (loss) from:
Continuing operations	$	13.7	12.6		5.8		(3.8	)	$	22.1	(107.8	)	17.5		34.9
Discontinued operations	—		(0.1	)	(0.4	)	1.2		0.2		(0.1	)	(0.1	)	—
Net income (loss) attributable to Brink’s	$	13.7	12.5		5.4		(2.6	)	$	22.3	(107.9	)	17.4		34.9

Depreciation and amortization	$	47.9	48.7		42.9		45.5		$	38.8	39.1		41.6		42.8
Capital expenditures	35.2		37.9		42.9		48.8		36.7		36.6		30.7		51.1

Earnings (loss) per share attributable to Brink’s common shareholders:
Basic
Continuing operations	$	0.27	0.25		0.11		(0.08	)	$	0.43	(2.11	)	0.34		0.69
Discontinued operations	—		—		(0.01	)	0.02		—		—		—		—
Net income (loss)	$	0.27	0.25		0.11		(0.05	)	$	0.44	(2.11	)	0.34		0.69

Diluted
Continuing operations	$	0.27	0.25		0.11		(0.08	)	$	0.42	(2.11	)	0.34		0.68
Discontinued operations	—		—		(0.01	)	0.02		—		—		—		—
Net income (loss)	$	0.27	0.25		0.10		(0.05	)	$	0.43	(2.11	)	0.34		0.68

Earnings per share. Earnings per share amounts for each quarter are required to be computed independently. As a result, their sum may not equal the annual earnings per share.

Significant pretax items in a quarter.

2019

Second quarter of 2019 We recognized a $6.9 million pretax charge related to the modification of share-based awards granted to a former senior executive. We also recognized a $5.2 million pretax gain on the termination of a mining lease obligation.

Third quarter of 2019 We completed the rebuild of an accounts receivable subledger in our U.S. global services business in the third quarter of 2019. As a result, we identified $4.0 million of revenues billed and collected in prior periods, which had never been recorded in the general ledger. We also identified and recorded $0.3 million in bank fees, which had been incurred in prior periods. Finally, based on the reconstructed subledger, we estimated an increase to bad debt expense of $13.7 million. The net impact of these adjustments was a $10.0 million cumulative pretax accounting correction.

Fourth quarter of 2019 We recognized a pretax settlement charge of $19.3 million related to the October 2019 purchase of a single premium group annuity contract from an insurance company to provide for the payment of pension benefits to certain primary U.S. pension plan participants. We also recognized a pretax $8.2 million credit related to lower social taxes in Brazil, primarily from the recovery of overpayments.

2018

Second quarter of 2018 Effective June 30, 2018, we deconsolidated our investment in Venezuela subsidiaries and recognized a pretax charge of $126.7 million. We also recognized currency transaction losses of $12.6 million related to Brink's Argentina's U.S. dollar-denominated payables to the sellers of Maco Transporatadora and Maco Litoral. In the second quarter, we sold our French airport security services subsidiary. We recognized a pretax gain on the sale of $11.2 million.

Third quarter of 2018 Effective July 1, 2018, we designated Argentina as highly inflationary and recognized an $8.1 million pretax remeasurement loss due to the significant Argentina currency devaluation that occurred in that quarter.

Prepaid Expenses and Other

12 Months Ended

Dec. 31, 2019

Prepaid Expense, Current [Abstract]

Prepaid Expenses and Other



	December 31,
(In millions)	2019		2018

Prepaid expenses	$	81.6	64.0
Mobile airtime inventory	—		5.8
Income tax receivable	25.7		37.6
Other	20.7		20.1
Prepaid expenses and other	$	128.0	127.5

Share-Based Compensation Plans

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Plans

We have share-based compensation plans to attract and retain employees and nonemployee directors and to more closely align their interests with those of our shareholders.

We have outstanding share-based awards granted to employees under the 2013 Equity Incentive Plan (the "2013 Plan") and the 2017 Equity Incentive Plan (the "2017 Plan"). These plans permit grants of restricted stock, restricted stock units, performance stock, performance units, stock appreciation rights, stock options, as well as other share-based awards to eligible employees. The 2013 Plan and the 2017 Plan also permit cash awards to eligible employees. The 2017 Plan became effective May 2017. No further grants of awards will be made under the 2013 Plan, although awards previously granted remain outstanding.

We also have outstanding deferred stock units granted to directors under the 2017 Plan. Share-based awards were previously granted to directors and remain outstanding under the Non-Employee Director's Equity Plan and the Directors’ Stock Accumulation Plan, which has expired.

There are 5.7 million shares underlying the 2017 Plan that are authorized, but not yet granted. Outstanding awards at December 31, 2019, include performance share units, restricted stock units, deferred stock units, performance-based stock options, time-based stock options and certain awards that will be settled in cash.

Compensation Expense

Compensation expense is measured using the fair-value-based method. For awards considered equity grants, compensation expense is recognized from the grant date to the earlier of the retirement-eligible date or the vesting date. For awards considered liability awards, compensation cost is based on the change in the fair value of the instrument for each reporting period and the percentage of the requisite service that has been rendered. Compensation cost associated with liability awards was not significant in the last three years.

Compensation expenses are classified as selling, general and administrative expenses in the consolidated statements of operations.

Compensation expenses for the last three years and the amount of unrecognized expense for awards outstanding at December 31, 2019, were as follows:



	Compensation Expense							Unrecognized Expense for Nonvested Awards at		Weighted-average No. of Years Unrecognized Expense to be Recognized
	Years Ended December 31,							Dec 31, 2019
(in millions except years)	2019			2018		2017

Performance Share Units	$	25.8		15.8		9.5		$	16.8	1.5
Market Share Units	—			0.1		0.3		—		—
Restricted Stock Units	6.6			6.6		4.7		3.8		1.4
Deferred Stock Units and fees paid in stock	1.2			1.2		1.0		0.3		0.4
Performance-based Options	8.1			4.5		2.2		2.6		1.1
Time-based vesting Options	1.0			—		—		1.7		1.8
Share-based payment expense	42.7			28.2		17.7
Income tax benefit	(9.2		)	(6.5	)	(3.4	)
Share-based payment expense, net of tax	$	33.5		21.7		14.3

Fair Value of Distributed or Exercised Awards

The fair value of shares distributed or options exercised in the last three years is as follows:



	Fair Value of Shares Distributed or Exercised^(a)
	Years Ended December 31,
(in millions)	2019		2018	2017

Performance Share Units	$	28.7	25.3	13.3
Market Share Units	—		8.2	4.3
Restricted Stock Units	11.8		8.0	7.3
Deferred Stock Units and fees paid in stock	0.9		0.7	2.7
Performance-based Options^(a)	5.4		—	—
Time-based vesting Options^(a)	—		2.2	2.0
Total	$	46.8	44.4	29.6

Income tax benefit realized	$	10.2	9.9	9.2


(a)	Intrinsic value for options.

Restricted Stock Units (“RSUs”)

We granted RSUs to select senior executives and employees in the last three years that contain only a service condition. RSUs are paid out in shares of Brink’s stock when the awards vest. For RSUs granted during the last three years, the units generally vest ratably in three equal annual installments. We measure the fair value of RSUs based on the price of Brink’s stock at the grant date, adjusted for a discount for dividends not received or accrued during the vesting period. The weighted-average fair value per share at grant date was $78.28 in 2019, $72.31 in 2018 and $55.85 in 2017. The weighted-average discount was approximately 2% in 2019, 2% in 2018 and 2% in 2017.

The following table summarizes RSU activity during 2019:



	Shares (in thousands)		Weighted-Average Grant Date Fair Value Per Share

Nonvested balance as of December 31, 2018	235.8		$	52.63
Activity from January 1 to December 31, 2019:
Granted	93.9		78.28
Forfeited	(11.1	)	71.75
Vested	(145.9	)	45.34
Nonvested balance as of December 31, 2019^(a)	172.7		$	71.87


(a)	Certain RSUs were modified in the second quarter of 2019. The weighted-average grant date fair value per share at December 31, 2019 reflects the inclusion of the modified fair value per share for the modified awards.

Performance Share Units (“PSUs”)

We granted Internal Metric PSUs ("IM PSUs") and Total Shareholder Return PSUs ("TSR PSUs") to select senior executives and employees in the last three years.

IM PSUs contain a performance condition as well as a service condition. We measure the fair value of these PSUs based on the price of Brink’s stock at the grant date, adjusted for a discount for dividends not received or accrued during the vesting period. IM PSUs granted in 2019, 2018 and 2017 have a three year performance period.

IM PSUs will be paid out in shares of Brink’s stock when the awards vest. For the IM PSUs granted in 2019, 2018 and 2017, the number of shares paid out ranges from 0% to 200% of an employee’s award, depending on the achievement of pre-established financial goals over the performance period. Shares are not paid out if the financial results do not meet a pre-established threshold level of performance.

TSR PSUs contain a market condition as well as a service condition. We measure the fair value of TSR PSUs at the grant date using a Monte Carlo simulation model. TSR PSUs granted have a three year performance period and typically vest at the end of three years. TSR PSUs are paid out in shares of Brink’s stock when the awards vest. The number of shares paid out ranges from 0% to 200% of an employee's award for the 2019 and 2018 TSR PSU grants and from 0% to 150% of an employee’s award for the 2017 TSR PSU grants, depending on Brink's relative TSR rank among a selected peer group.

The following table summarizes all PSU activity during 2019:



	Shares (in thousands)		Weighted-Average Grant Date Fair Value Per Share

Nonvested balance as of December 31, 2018	697.3		$	47.74
Activity from January 1 to December 31, 2019:
Granted	204.6		81.48
Forfeited	(21.6	)	71.70
Vested^(a)(b)(c)	(316.1	)	32.35
Nonvested balance as of December 31, 2019^(c)	564.2		$	70.10

(a)


(b)	Certain PSUs were modified and distributed in the first quarter of 2019 and the resulting impact was not material.


(c)	Certain PSUs were modified in the second quarter of 2019. A portion of these modified PSUs were distributed in the third quarter of 2019. The weighted-average grant date fair value per share at December 31, 2019 reflects the inclusion of the modified fair value per share for the remaining modified awards.

The following table provides the terms and weighted-average assumptions used in the Monte Carlo simulation model for the TSR PSUs granted in 2019, 2018 and 2017:



Terms and Assumptions Used to Estimate Grant Date Fair Value	2019 TSR PSUs			2018 TSR PSUs			2017 TSR PSUs

Terms of awards:
Performance period	Jan. 1, 2019 to			Jan. 1, 2018 to			Jan. 1, 2017 to
	Dec. 31, 2021			Dec. 31, 2020			Dec. 31, 2019

Weighted-average assumptions used to estimate fair value:
Expected dividend yield^(a)	0.8		%	0.8		%	0.8	%
Expected stock price volatility^(b)	30.8		%	29.9		%	30.6	%
Risk-free interest rate^(c)	2.5		%	2.4		%	1.4	%
Contractual term in years	2.8			2.9			2.9

Weighted-average fair value estimates at grant date:
In millions	$	3.0		$	3.2		2.0
Fair value per share	$	105.16		$	79.05		67.81

(a)


(b)	The expected stock price volatility was calculated on the grant date for the most recent term equivalent to the contractual term in years.


(c)	The risk-free interest rate on each date of grant is the rate for a zero-coupon U.S. Treasury bill that was commensurate with the grant date contractual term.

Market Share Units (“MSUs”)

We previously granted MSUs but, at December 31, 2019, there were no remaining outstanding MSUs.

Options

In 2018 and 2017, we granted performance-based stock options to select senior executives. These performance-based awards have a service condition as well as a market condition. We measure the fair value of these awards at the grant date using a Monte Carlo simulation model. No performance-based options were granted in 2019.

In 2019 and 2017, we granted time-based vesting stock options to select senior executives. We measure the fair value of these awards at the grant date using the Black-Scholes-Merton option pricing model.

When vested, options entitle the holder to purchase a specified number of shares of Brink’s stock at a price set at the date the options were granted. The option price for Brink’s options was equal to the market price of Brink’s stock on the award date. All options granted to employees have a maximum term of six years.

Performance-Based Option Activity

The table below summarizes the activity associated with grants of performance-based options:



	Shares (in thousands)		Weighted- Average Exercise Price Per Share		Weighted-Average Grant Date Fair Value Per Share		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value^(a) (in millions)

Outstanding at December 31, 2018	1,287.0		$	49.18	$	10.88
Granted	—		—		—
Forfeited or expired	—		—		—
Exercised^(b)	(95.9	)	32.69		44.74
Outstanding at December 31, 2019^(b)(c)	1,191.1		$	50.51	$	11.52	3.1	$	47.8

Of the above, as of December 31, 2019:
Exercisable	485.0		$	29.87			2.5	$	29.5
Expected to vest in future periods^(d)	690.9		$	64.90			3.6	$	17.8


(a)	The intrinsic value of a stock option is the difference between the market price of the shares underlying the option and the exercise price of the option. The market price at December 31, 2019 was $90.68.


(b)	Certain performance-based stock options were modified in the second quarter of 2019. The weighted-average grant date fair value per share for the options exercised in 2019 and for the outstanding options December 31, 2019 reflects the inclusion of the modified fair value per share.


(c)	There were no exercisable performance-based options at December 31, 2018 or at December 31, 2017.


(d)	The number of options expected to vest takes into account an estimate of expected forfeitures. We currently have applied a 0% expected forfeiture rate to the majority of the performance-based options.



Terms and Assumptions Used to Estimate Grant Date Fair Value of Performance-Based Options Granted	2018			2017

Terms of awards:
Performance period for achieving stock price hurdles	Three years from			Three years from
	grant date			grant date

Assumptions used to estimate fair value:
Expected dividend yield^(a)	0.8		%	0.8		%
Expected stock price volatility^(b)	29.3		%	29.3		%
Risk-free interest rate^(c)	2.6		%	1.8		%
Expected term in years^(d)	4.5			4.5

Weighted-average fair value estimates at grant date:
In millions	$	7.0		$	3.6
Fair value per share	$	16.73		$	11.97


(a)	Since the holders of the awards have no rights to any dividend paid during the vesting period, we applied a dividend yield in the Monte Carlo simulation model. At each grant date, the dividend yield was calculated based on the most recent annualized dividend payment and Brink's stock price at the date of grant.


(b)	The expected stock price volatility was calculated on each grant date for the most recent 4.5 year term.


(c)	The risk-free interest rate on each grant date is the rate for a zero-coupon U.S. Treasury bill that was commensurate with the expected life of 4.5 years.

(d)

Time-based Vesting Option Activity

The table below summarizes the activity associated with grants of time-based vesting options:



	Shares (in thousands)		Weighted- Average Exercise Price Per Share		Weighted-Average Grant Date Fair Value Per Share		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value^(a) (in millions)

Outstanding at December 31, 2018	2.7		$	84.65	$	21.09
Granted	138.7		79.21		21.58
Forfeited or expired	(14.4	)	79.26		21.60
Outstanding at December 31, 2019^(b)	127.0		$	79.32	$	21.56	5.1	$	1.4

Of the above, as of December 31, 2019:
Exercisable	—		$	—			—	$	—
Expected to vest in future periods^(c)	125.5		$	79.32			5.1	$	1.4


(a)	The intrinsic value of a stock option is the difference between the market price of the shares underlying the option and the exercise price of the option. The market price at December 31, 2019 was $90.68.


(b)	There were no shares of exercisable options at December 31, 2018 and less than 0.1 million shares of exercisable options with a weighted-average exercise price of $22.57 per share at December 31, 2017.


(c)	The number of options expected to vest takes into account an estimate of expected forfeitures. We currently have applied a 0% expected forfeiture rate to the majority of the time-based vesting options.

The following table provides the weighted-average assumptions used in the Black-Scholes-Merton option pricing model for the time-based vesting options granted in 2019 and 2017:



Assumptions Used to Estimate Grant Date Fair Value of Time-Based Options	2019			2017

Assumptions used to estimate fair value:
Expected dividend yield^(a)	0.8		%	0.7		%
Expected stock price volatility^(b)	30.3		%	28.9		%
Risk-free interest rate^(c)	2.5		%	1.7		%
Expected term in years^(d)	4.5			4.5

Weighted-average fair value estimates at grant date:
In millions	$	3.0		$	0.1
Fair value per share	$	21.58		$	21.09


(a)	The expected dividend yield is the calculated annual yield on Brink's stock at the time of the grant.


(b)	The expected stock price volatility was calculated at time of the grant after reviewing the historic volatility of our stock using daily close prices.


(c)	The risk-free interest rate at each grant date was the rate for a zero-coupon U.S. Treasury bill that was commensurate with the expected life of 4.5 years.


(d)	The expected term of the options was based on historical exercise, expiration and post-cancellation behavior.

Deferred Stock Units (“DSUs”)

We granted DSUs to our nonemployee directors in 2019 and in prior years. We measure the fair value of DSUs at the grant date, based on the price of Brink's stock, and, if applicable, adjusted for a discount for dividends not received or accrued during the vesting period.

DSUs granted after 2014 will be paid out in shares of Brink's stock on the first anniversary of the grant date, provided that the director has not elected to defer the distribution of shares until a later date. DSUs granted prior to 2015, in general, will be paid out in shares of stock following separation from service.

The following table summarizes all DSU activity during 2019:



	Shares (in thousands)		Weighted-Average Grant-Date Fair Value

Nonvested balance as of December 31, 2018	12.5		$	74.43
Activity from January 1 to December 31, 2019:
Granted	12.1		79.69
Vested	(12.5	)	74.43
Nonvested balance as of December 31, 2019	12.1		$	76.69

The weighted-average grant-date fair value estimate per share for DSUs granted was $79.69 in 2019, $74.43 in 2018 and $60.80 in 2017.

Other Share-Based Compensation

We have a deferred compensation plan that allows participants to defer a portion of their compensation into stock units. Units will be redeemed by employees for an equal number of shares of Brink’s stock. Employee accounts held 198,198 units at December 31, 2019, and 170,672 units at December 31, 2018.

We have a stock accumulation plan for our non-employee directors that, prior to 2014, provided for awards of stock units. Additionally, some fees paid to our directors are in the form of stock and may be deferred for distribution to a later date. Directors’ accounts held 19,951 units at December 31, 2019, and 18,159 units at December 31, 2018.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2019 and 2018 are as follows:



	December 31, 2019
(In millions)	Beginning Balance		Acquisitions/ Dispositions^(a)	Currency		Ending Balance

Goodwill:
North America	$	337.0	17.6	0.1		354.7
South America	150.1		99.6	(8.1	)	241.6
Rest of World	191.5		0.2	(3.4	)	188.3
Total Goodwill	$	678.6	117.4	(11.4	)	784.6


(a)	Includes adjustments related to prior year acquisitions ($3.1 million decrease in North America and $0.2 million increase in Rest of World).



	December 31, 2018
(In millions)	Beginning Balance		Acquisitions/ Dispositions^(a)		Currency		Ending Balance

Goodwill:
North America	$	32.0	307.0		(2.0	)	337.0
South America	214.9		(3.0	)	(61.8	)	150.1
Rest of World	206.8		(5.5	)	(9.8	)	191.5
Total Goodwill	$	453.7	298.5		(73.6	)	678.6


(a)	Includes adjustments related to prior year acquisitions ($0.1 million in North America, $3.0 million in South America and $0.8 million in Rest of World). Also includes derecognition of $6.2 million related to the disposition of our French airport security services company in Rest of World.

Intangible Assets

The following table summarizes our other intangible assets by category:



	December 31, 2019					December 31, 2018
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount	Weighted-average amortization period

Customer relationships	$	322.3	(80.3	)	242.0	$	259.9	(58.9	)	201.0	11.4
Indefinite-lived trade names	8.2		—		8.2	7.9		—		7.9	—
Finite-lived trade names	20.7		(7.1	)	13.6	20.3		(3.8	)	16.5	6.2
Developed technology	8.7		(0.8	)	7.9	0.4		(0.4	)	—	10.5
Other contract-related assets	—		—		—	5.7		(3.1	)	2.6	—
Other	6.1		(5.3	)	0.8	5.5		(4.6	)	0.9	0.9
Total	$	366.0	(93.5	)	272.5	$	299.7	(70.8	)	228.9

Total amortization expense for our finite-lived intangible assets was $27.8 million in 2019 and $17.7 million in 2018. Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2019, for the next five years is as follows:



(In millions)	2020		2021	2022	2023	2024

Amortization expense	$	24.8	24.4	23.1	22.6	22.2

Other Liabilities

12 Months Ended

Dec. 31, 2019

Other Liabilities Disclosure [Abstract]

Other Liabilities



	December 31,
(In millions)	2019		2018

Workers’ compensation and other claims	$	81.3	89.4
Post-employment benefits	7.2		7.6
Asset retirement and remediation obligations	18.6		19.1
Acquisition-related obligations	1.5		—
Noncurrent tax liabilities	15.3		9.2
Other	59.2		43.4
Other liabilities	$	183.1	168.7

Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Income Statement [Abstract]

Selling, general and administrative expenses

$ 3,683.2

$ 3,488.9

$ 3,347.0

Costs and expenses:

Cost of revenues

2,832.1

2,703.3

2,608.2

604.9

509.2

468.2

Total costs and expenses

3,437.0

3,212.5

3,076.4

Other operating income (expense)

(9.4)

(1.7)

3.3

Operating profit

236.8

274.7

273.9

Interest expense

(90.6)

(66.7)

(32.2)

Loss on deconsolidation of Venezuela operations

0.0

(126.7)

0.0

Interest and other nonoperating expense

(52.7)

(38.8)

(60.2)

Income from continuing operations before tax

93.5

42.5

181.5

Provision for income taxes

61.0

70.0

157.7

Income (loss) from continuing operations

32.5

(27.5)

23.8

Income (loss) from discontinued operations, net of tax

0.7

0.0

(0.2)

Net income (loss)

33.2

(27.5)

23.6

Less net income attributable to noncontrolling interests

4.2

5.8

6.9

Net income (loss) attributable to Brink’s

29.0

(33.3)

16.7

Amounts attributable to Brink’s:

Continuing operations

28.3

(33.3)

16.9

Discontinued operations

0.7

0.0

(0.2)

Net income (loss) attributable to Brink’s

$ 29.0

$ (33.3)

$ 16.7

Basic:

^[1]

$ 0.56

$ (0.65)

$ 0.33

^[1]

0.01

(0.01)

^[1]

0.58

(0.65)

0.33

Diluted:

^[1]

0.55

(0.65)

0.33

^[1]

0.01

(0.01)

Other Income and Expenses [Abstract]

^[1]

$ 0.57

$ (0.65)

$ 0.32

Weighted-average shares

Basic (shares)

50.2

50.9

50.7

Diluted (shares)

51.1

50.9

51.8

[1]	Amounts may not add due to rounding.

Other Operating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2019

Interest and Other Income

Other Operating Income (Expense)



	Years Ended December 31,
(In millions)	2019			2018		2017

Foreign currency items:
Transaction losses^(a)	$	(22.9	)	(13.9	)	(9.2	)
Foreign currency derivative instrument gains	6.9			7.7		0.8
Gains on sale of property and equity investment^(b)	5.8			4.0		9.2
Impairment losses	(7.7		)	(6.5	)	(3.4	)
Share in earnings of equity affiliates	0.9			1.9		0.4
Royalty income	5.1			4.5		1.9
Gains on business acquisitions and dispositions	—			—		0.6
Other	2.5			0.6		3.0
Other operating income (expense)	$	(9.4	)	(1.7	)	3.3


(a)	Includes remeasurement losses in Argentina of $11.3 million in 2019 and $6.2 million in 2018 related to highly inflationary accounting. Prior to the June 30, 2018 deconsolidation, Venezuela reported remeasurement gains of $2.2 million in 2018 and remeasurement losses of $9.1 million in 2017 under highly inflationary accounting.

(b)

Includes a $3.0 million gain in 2018 and an $8.4 million gain in 2017 related to the sale of real estate in Mexico.

Share-Based Compensation Plans Share-Based Compensation - Activity - RSU, PSU, MSU, DSU (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Weighted-Average Grant Date Fair Value Per Share
Target shares (shares)		5,700,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount percent		2.00%	2.00%	2.00%
Shares (in thousands)
Nonvested, beginning balance (shares)		235,800
Granted (shares)		93,900
Forfeited (shares)		(11,100)
Vested (shares)		(145,900)
Nonvested, ending balance (shares)		172,700	235,800
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share)		$ 52.63
Granted (in dollars per share)		78.28	$ 72.31	$ 55.85
Forfeited (in dollars per share)		71.75
Vested (in dollars per share)		45.34
Nonvested, ending balance (in dollars per share)		$ 71.87	$ 52.63
Performance Shares Units PSU
Shares (in thousands)
Nonvested, beginning balance (shares)		697,300
Granted (shares)		204,600
Forfeited (shares)		(21,600)
Vested (shares)		(316,100)
Nonvested, ending balance (shares)		564,200	697,300
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share)		$ 47.74
Granted (in dollars per share)		81.48
Forfeited (in dollars per share)		71.70
Vested (in dollars per share)		32.35
Nonvested, ending balance (in dollars per share)		$ 70.10	$ 47.74
Actual shares earned and distributed (shares)	129,100		225,900
Target shares (shares)	129,100		187,000.0
Deferred Stock Units
Shares (in thousands)
Nonvested, beginning balance (shares)		12,500
Granted (shares)		12,100
Vested (shares)		(12,500)
Nonvested, ending balance (shares)		12,100	12,500
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share)		$ 74.43
Granted (in dollars per share)		79.69
Vested (in dollars per share)		74.43
Nonvested, ending balance (in dollars per share)		$ 76.69	$ 74.43

Retirement Benefits - Assumptions (Details)	12 Months Ended
Retirement Benefits - Assumptions (Details)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Retirement benefits other than pension
Defined Benefit Plan Disclosure [Line Items]
Pension cost	4.40%	3.70%	4.20%
Benefit obligation at year end	3.30%	4.40%	3.70%
Expected return on assets	8.00%	8.00%	8.25%
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	4.40%	3.70%	4.30%
Benefit obligation at year end	3.30%	4.40%	3.70%
Expected return on assets	7.00%	7.25%	7.25%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	4.00%	3.50%	3.70%
Benefit obligation at year end	3.20%	4.00%	3.50%
Expected return on assets	5.64%	5.62%	5.50%
Average rate of increase in salaries - pension cost	2.60%	2.60%	2.70%
Average rate of increase in salaries - benefit obligation at year end	2.60%	2.60%	2.60%
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	4.30%	3.60%	4.10%
Benefit obligation at year end	3.20%	4.30%	3.60%
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	4.20%	3.50%	3.90%
Benefit obligation at year end	3.10%	4.20%	3.50%

Segment information - Assets, Long Lived Assets, Revenues, Net Assets by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	$ 3,763.8				$ 3,236.0				$ 3,763.8	$ 3,236.0	$ 3,059.6
Long-Lived Assets by Geographic Area	763.3				699.4				763.3	699.4	640.9
Revenues	935.8	$ 928.4	$ 914.0	$ 905.0	907.7	$ 852.4	$ 849.7	$ 879.1	3,683.2	3,488.9	3,347.0
Net assets outside the U.S.	1,260.1				1,141.5				1,260.1	1,141.5	1,191.0
Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	3,495.9				2,947.7				3,495.9	2,947.7	2,357.3
Revenues									3,679.7	3,437.5	3,192.9
Corporate items
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	267.9				288.3				267.9	288.3	643.6
North America \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,683.0				1,404.5				1,683.0	1,404.5	733.5
Revenues									1,782.8	1,466.3	1,254.2
South America \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	806.1				602.5				806.1	602.5	740.5
Revenues									916.5	926.9	924.6
Rest of World \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,006.8				940.7				1,006.8	940.7	883.3
Revenues									980.4	1,044.3	1,014.1
Mexico
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	129.4				107.0				129.4	107.0	99.6
Revenues									412.4	365.3	327.2
Net assets outside the U.S.	181.3				154.8				181.3	154.8	133.7
France
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	74.1				79.0				74.1	79.0	84.1
Revenues									373.2	428.5	429.4
Net assets outside the U.S.	155.4				213.4				155.4	213.4	219.4
Brazil
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	72.2				62.5				72.2	62.5	57.2
Revenues									440.4	405.4	434.6
Net assets outside the U.S.	274.1				147.9				274.1	147.9	151.3
ARGENTINA
Segment Reporting Information [Line Items]
Revenues									214.4	247.2	250.3
Net assets outside the U.S.	166.1				154.6				166.1	154.6	234.0
Venezuela
Segment Reporting Information [Line Items]
Revenues									0.0	51.4	154.1
Venezuela \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	0.0				0.0				0.0	0.0	58.7
Revenues									0.0	51.4	154.1
Canada
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	54.1				47.6				54.1	47.6	46.7
Revenues									149.8	151.7	151.2
Net assets outside the U.S.	45.9				52.0				45.9	52.0	63.3
Other
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	150.0				135.4				150.0	135.4	146.5
Revenues									868.4	890.1	824.4
Subtotal
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	479.8				431.5				479.8	431.5	434.1
Revenues									2,458.6	2,539.6	2,571.2
U.S.
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	283.5				267.9				283.5	267.9	206.8
Revenues									1,224.6	949.3	775.8
Other Rest of World countries
Segment Reporting Information [Line Items]
Net assets outside the U.S.	313.6				309.2				313.6	309.2	273.1
Other South American countries
Segment Reporting Information [Line Items]
Net assets outside the U.S.	$ 123.7				$ 109.6				$ 123.7	$ 109.6	$ 116.2

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables provide the components of other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive income (loss) into earnings:



	Amounts Arising During the Current Period				Amounts Reclassified to Net Income (Loss)
(In millions)	Pretax			Income Tax	Pretax		Income Tax		Total Other Comprehensive Income (Loss)

2019

Amounts attributable to Brink's:
Benefit plan adjustments	$	(38.0	)	4.4	61.4		(9.9	)	17.9
Foreign currency translation adjustments^(b)	(0.9		)	—	—		0.1		(0.8	)
Gains (losses) on cash flow hedges	(18.8		)	4.8	(0.2	)	0.2		(14.0	)
	(57.7		)	9.2	61.2		(9.6	)	3.1

Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	0.8			—	—		—		0.8
	0.8			—	—		—		0.8

Total
Benefit plan adjustments^(a)	(38.0		)	4.4	61.4		(9.9	)	17.9
Foreign currency translation adjustments^(b)	(0.1		)	—	—		0.1		—
Gains (losses) on cash flow hedges^(d)	(18.8		)	4.8	(0.2	)	0.2		(14.0	)
	$	(56.9	)	9.2	61.2		(9.6	)	3.9

2018

Amounts attributable to Brink's:
Benefit plan adjustments	$	(31.4	)	8.6	65.0		(13.3	)	28.9
Foreign currency translation adjustments	(151.6		)	—	107.2		(0.3	)	(44.7	)
Gains (losses) on cash flow hedges	0.3			—	(0.2	)	—		0.1
	(182.7		)	8.6	172.0		(13.6	)	(15.7	)

Amounts attributable to noncontrolling interests:
Foreign currency translation adjustments	(0.8		)	—	—		—		(0.8	)
	(0.8		)	—	—		—		(0.8	)

Total
Benefit plan adjustments^(a)	(31.4		)	8.6	65.0		(13.3	)	28.9
Foreign currency translation adjustments^(b)	(152.4		)	—	107.2		(0.3	)	(45.5	)
Gains (losses) on cash flow hedges^(d)	0.3			—	(0.2	)	—		0.1
	$	(183.5	)	8.6	172.0		(13.6	)	(16.5	)

See page 104 for footnote explanations.



	Amounts Arising During the Current Period					Amounts Reclassified to Net Income (Loss)
(In millions)	Pretax			Income Tax		Pretax		Income Tax		Total Other Comprehensive Income (Loss)

2017

Amounts attributable to Brink's:
Benefit plan adjustments	$	(99.3	)	21.2		54.9		(18.2	)	(41.4	)
Foreign currency translation adjustments	22.7			(1.0	)	—		—		21.7
Unrealized gains (losses) on available-for-sale securities	1.7			(0.6	)	(1.5	)	0.5		0.1
Gains (losses) on cash flow hedges	(0.1		)	(0.1	)	0.2		—		—
	(75.0		)	19.5		53.6		(17.7	)	(19.6	)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.8		)	—		0.7		—		(0.1	)
Foreign currency translation adjustments	0.9			—		—		—		0.9
	0.1			—		0.7		—		0.8

Total
Benefit plan adjustments^(a)	(100.1		)	21.2		55.6		(18.2	)	(41.5	)
Foreign currency translation adjustments^(b)	23.6			(1.0	)	—		—		22.6
Unrealized gains (losses) on available-for-sale securities^(c)	1.7			(0.6	)	(1.5	)	0.5		0.1
Gains (losses) on cash flow hedges^(d)	(0.1		)	(0.1	)	0.2		—		—
	$	(74.9	)	19.5		54.3		(17.7	)	(18.8	)

(a)



	December 31,
(In millions)	2019		2018	2017

Total net periodic retirement benefit cost included in:
Cost of revenues	$	7.8	8.4	9.0
Selling, general and administrative expenses	2.3		2.3	2.4
Interest and other nonoperating income (expense)	52.7		39.7	47.8


(b)	2018 foreign currency translation adjustment amounts reclassified to net income are due to the deconsolidation of Venezuela (see Note 1). 2018 foreign currency translation adjustment amounts arising during the current period reflect primarily the devaluation of the Argentine peso (prior to the July 1, 2018 highly inflationary designation) and Brazilian real.

(c)


(d)	Pretax gains and losses on cash flow hedges are classified in the consolidated statements of operations as


•	other operating income (expense) ($5.8 million gain in 2019, no gains or losses in 2018 and $0.1 million losses in 2017.)


•	interest expense ($5.7 million of expense in 2019.)


•	interest and other nonoperating income (expense) (no gains or losses in 2019, no gains or losses in 2018 and $0.1 million losses in 2017.)

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



(In millions)	Benefit Plan Adjustments			Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities		Gains (Losses) on Cash Flow Hedges		Total
Balance as of December 31, 2016	$	(559.6	)	(349.1	)	1.0		0.7		(907.0	)
Other comprehensive income (loss) before reclassifications	(78.1		)	21.7		1.1		(0.2	)	(55.5	)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	36.7			—		(1.0	)	0.2		35.9
Other comprehensive income (loss) attributable to Brink's	(41.4		)	21.7		0.1		—		(19.6	)
Balance as of December 31, 2017	(601.0		)	(327.4	)	1.1		0.7		(926.6	)
Other comprehensive income (loss) before reclassifications	(22.8		)	(151.6	)	—		0.3		(174.1	)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	51.7			106.9		—		(0.2	)	158.4
Other comprehensive income (loss) attributable to Brink's	28.9			(44.7	)	—		0.1		(15.7	)
Cumulative effect of change in accounting principle^(a)	—			—		(1.1	)	—		(1.1	)
Acquisitions of noncontrolling interests	—			(9.9	)	—		—		(9.9	)
Balance as of December 31, 2018	(572.1		)	(382.0	)	—		0.8		(953.3	)
Other comprehensive income (loss) before reclassifications	(33.6		)	(0.9	)	—		(14.0	)	(48.5	)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	51.5			0.1		—		—		51.6
Other comprehensive income (loss) attributable to Brink's	17.9			(0.8	)	—		(14.0	)	3.1
Cumulative effect of change in accounting principle^(b)	(28.8		)	—		—		—		(28.8	)
Balance as of December 31, 2019	$	(583.0	)	(382.8	)	—		(13.2	)	(979.0	)


(a)	We adopted ASU 2016-01 (see Note 1) effective January 1, 2018 and recognized a cumulative-effect adjustment to retained earnings.

(b)

We adopted ASU 2018-02 (see Note 1) effective January 1, 2019 and recognized a cumulative-effect adjustment to retained earnings.

Reorganization and Restructuring Reorganitzation and Restructuring (Tables)

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the costs incurred, payments and utilization, and foreign currency exchange effects of the 2016 reorganization and restructuring:



(In millions)	Asset Related Adjustments			Severance Costs		Lease Terminations		Benefit Program Termination		Total

Balance as of December 31, 2016	$	—		7.0		0.6		—		7.6
Expense (benefit)	4.1			10.4		0.6		2.2		17.3
Payments and utilization	(4.1		)	(16.0	)	(0.8	)	(2.2	)	(23.1	)
Foreign currency exchange effects	—			0.2		—		—		0.2
Balance as of December 31, 2017	$	—		1.6		0.4		—		2.0
Expense (benefit)	1.7			11.3		—		—		13.0
Payments and utilization	(1.7		)	(12.4	)	(0.2	)	—		(14.3	)
Foreign currency exchange effects	—			—		—		—		—
Balance as of December 31, 2018	$	—		0.5		0.2		—		0.7

The following table summarizes the costs incurred, payments and utilization, and foreign currency exchange effects of other restructurings:



(In millions)	Severance Costs			Modification of Shared-based Awards		Other		Total

Balance as of December 31, 2018	$	3.3		—		—		3.3
Expense (benefit)	19.7			7.7		1.8		29.2
Payments and utilization	(15.6		)	(7.7	)	(1.8	)	(25.1	)
Accrual adjustment	(0.4		)	—		—		(0.4	)
Foreign currency exchange effects	—			—		—		—
Balance as of December 31, 2019	$	7.0		—		—		7.0

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information



	Years Ended December 31,
(In millions)	2019		2018	2017

Cash paid for:
Interest	$	84.2	63.7	27.1
Income taxes, net	23.9		90.6	83.8

Argentina Currency Conversions

We have elected in the past and could continue in the future to repatriate cash from Brink's Argentina using different means to convert Argentine pesos into U.S. dollars. In 2019, cash outflows from the purchase of these financial instruments totaled $23.6 million and cash inflows from the sale of these financial instruments totaled $18.9 million. In 2018 and 2017, cash flows related to these transactions were not significant. The net cash flows from these transactions are treated as operating cash flows as the financial instruments are purchased specifically for resale and are generally sold within a short period of time from the date of purchase.

Non-cash Investing and Financing Activities

We acquired armored vehicles, CompuSafe^® units and other equipment under financing lease arrangements in the last three years including $59.7 million in 2019, $51.9 million in 2018 and $51.7 million in 2017.

Cash Paid for Acquisitions Included in Financing Activities

In 2019, we paid $15.6 million in scheduled installments on the Maco Transportadora acquisition that was completed in the third quarter of 2017. In 2019, we also paid $2.6 million in scheduled installments on the Rodoban acquisition that was completed in first quarter of 2019. We paid $16.3 million during 2018 and $90.9 million during 2017 in scheduled installments related to the Maco Transportadora acquisition. These payments are reported as cash outflows from financing activities as the payments were made more than three months after the acquisition date.

Cash Supply Chain Services

In France, we offer services to certain of our customers where we manage some or all of their cash supply chains. Providing this service requires our French subsidiary to take temporary title to the cash received from the management of our customers' cash supply chains until the cash is returned to the customers. As part of this service offering, we have entered into lending arrangements with some of our customers. Cash borrowed under these lending arrangements is used in the process of managing these customers' cash supply chains. The cash for which we have temporary title and the cash borrowed under these customer lending arrangements is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering.

At December 31, 2019, we held $158.0 million of restricted cash ($10.3 million represented short-term borrowings, $100.3 million represented restricted cash held for customers and $47.4 million represented accrued liabilities). At December 31, 2018, we held $136.1 million of restricted cash ($10.5 million represented short-term borrowings, $90.3 million represented restricted cash held for customers and $35.3 million represented accrued liabilities).

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.



	December 31,
(In millions)	2019		2018
Cash and cash equivalents	$	311.0	343.4
Restricted cash	158.0		136.1
Total, cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	469.0	479.5

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

Consolidation

Revenue Recognition

On January 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, and applied the standard to all contracts using the modified retrospective method. Prior period amounts are not adjusted and continue to be reported in accordance with ASC 605, Revenue Recognition. See Note 2 for further information.

Cash and Cash Equivalents

Trade Accounts Receivable

Property and Equipment

Property and equipment are recorded at cost. Depreciation is calculated principally on the straight-line method based on the estimated useful lives of individual assets or classes of assets.



Estimated Useful Lives	Years
Buildings	16 to 25
Building leasehold improvements	3 to 10
Vehicles	3 to 10
Capitalized software	3 to 5
Other machinery and equipment	3 to 10

Goodwill and Other Intangible Assets

Impairment of Goodwill and Long-Lived Assets


•	U.S.


•	Mexico


•	Canada


•	France


•	Brazil


•	Global Markets - South America


•	Global Markets - EMEA


•	Global Markets - Asia

We completed these goodwill impairment tests, as well as the tests in the previous two years, with no impairment charges required.

Retirement Benefit Plans

Income Taxes

Foreign Currency Translation

Argentina

Venezuela

We continue to monitor the situation in Venezuela, including the imposition of sanctions by the U.S. government targeting Venezuela.

Internal loss

A former non-management employee in our U.S. global services operations embezzled funds from Brink's in prior years. Except for a small deductible amount, the amount of the internal loss related to the embezzlement was covered by our insurance. In an effort to cover up the embezzlement, the former employee intentionally misstated the underlying accounts receivable subledger data. In 2019, we incurred $4.5 million in costs (primarily third party expenses) to reconstruct the accounts receivables subledger.

In the third quarter of 2019, we were able to identify $4.0 million of revenues billed and collected in prior periods which had never been recorded in the general ledger. We also identified and recorded $0.3 million in bank fees, which had been incurred in prior periods. The rebuild of the subledger was completed during the third quarter of 2019. Based on the reconstructed subledger, we were able to analyze and quantify the uncollected receivables from prior periods. Although we plan to attempt to collect these receivables, we estimated an increase to bad debt expense of $13.7 million in the third quarter of 2019. The impact of the bad debt expense ($13.7 million) and bank fees ($0.3 million), partially offset by the revenue adjustment ($4.0 million), net to a $10.0 million cumulative accounting error which was corrected in the third quarter of 2019. We have concluded that the impact of this accounting error was not material to the current or any prior period financial statements.

The estimate of the allowance for doubtful accounts was adjusted in the fourth quarter of 2019 for an additional $6.4 million and will be adjusted in future periods, if needed, as assumptions related to the collectability of these accounts receivable change. Out of the total $20.1 million in bad debt expense recorded in the second half of 2019, $19.2 million represented an allowance on $34.0 million of accounts receivable or 56%. Due to the unusual nature of this internal loss and the related errors in the subledger data, along with the fact that management has excluded these amounts when evaluating internal performance, we have excluded these net charges from segment results.

Restricted Cash

Concentration of Credit Risks

Use of Estimates

Level 1: Quoted prices for identical assets or liabilities in active markets.

Level 3: Unobservable inputs that reflect estimates and assumptions.

New Accounting Standards

Leases Leases - Supplemental balance sheet (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease assets	$ 270.3	$ 0.0
Finance lease assets	162.5	124.0
Total lease assets	432.8
Current liabilities operating leases	65.9	0.0
Current liabilities financing leases	32.5
Lease liabilities	218.4	$ 0.0
Noncurrent liabilities financing leases	117.0
Total lease liabilities	$ 433.8

Segment Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment information

Segment Information

We identify our operating segments based on how our chief operating decision maker (“CODM”) allocates resources, assesses performance and makes decisions. Our CODM is our President and Chief Executive Officer. Our CODM evaluates performance and allocates resources to each operating segment based on a profit or loss measure which, at the reportable segment level, excludes the following:


•	Corporate expenses - former non-segment and regional management costs, currency transaction gains and losses, adjustments to reconcile segment accounting policies to U.S. GAAP, and costs related to global initiatives

•

Other items not allocated to segments - certain significant items such as reorganization and restructuring actions that are evaluated on an individual basis by management and are not considered part of the ongoing activities of the business are excluded from segment results. Prior to deconsolidation (see Note 1), results from Venezuela operations were also excluded from our segment results due to the Venezuelan government's restrictions that have prevented us from repatriating funds. We also exclude certain costs, gains and losses related to acquisitions and dispositions of assets and of businesses. Beginning in the third quarter of 2018, we began to consolidate Brink's Argentina using our accounting policy for subsidiaries operating in highly inflationary economies. We have excluded from our segment results the impact of highly inflationary accounting in Argentina, including currency remeasurement losses. Incremental costs (primarily third party expenses) incurred related to the mitigation of material weaknesses and the implementation and adoption of ASU 2016-02, the new lease accounting standard effective for us as of January 1, 2019, are excluded from segment results. We have also excluded from our segment results net charges related to an internal loss in our U.S. global services operations. The net impact includes costs incurred to reconstruct an accounts receivable subledger as well as estimated bad debt expense for uncollectible receivables, partially offset by revenue billed and collected, but not previously recorded as a result of the former non-management employee's embezzlement activities.

We currently serve customers in more than 100 countries, including 41 countries where we operate subsidiaries.

We have the following three reportable segments:


•	North America


•	South America


•	Rest of World.



	Revenues					Operating Profit
	Years Ended December 31,					Years Ended December 31,
(In millions)	2019			2018	2017	2019			2018		2017
Reportable Segments:
North America	$	1,782.8		1,466.3	1,254.2	$	186.4		129.8		74.0
South America	916.5			926.9	924.6	217.1			198.7		182.8
Rest of World	980.4			1,044.3	1,014.1	115.8			114.4		115.2
Total reportable segments	3,679.7			3,437.5	3,192.9	519.3			442.9		372.0
Reconciling Items:
Corporate items:
General, administrative and other expenses	—			—	—	(123.2		)	(99.4	)	(84.3	)
Foreign currency transaction losses	—			—	—	(4.8		)	(2.2	)	(1.1	)
Reconciliation of segment policies to GAAP	—			—	—	0.3			5.6		(5.2	)
Other items not allocated to segments:
Venezuela operations^(a)	—			51.4	154.1	—			2.3		20.4
Reorganization and Restructuring	—			—	—	(28.8		)	(20.6	)	(22.6	)
Acquisitions and dispositions	(0.5		)	—	—	(88.5		)	(41.4	)	(5.3	)
Argentina highly inflationary impact	—			—	—	(14.5		)	(8.0	)	—
Internal loss^(b)	4.0			—	—	(20.9		)	—		—
Reporting compliance^(c)	—			—	—	(2.1		)	(4.5	)	—
Total	$	3,683.2		3,488.9	3,347.0	$	236.8		274.7		273.9


(a)	Amounts in 2018 represent revenues and operating profit from our Venezuela operations prior to the June 30, 2018 deconsolidation. See Note 1 for details.


(b)	See details regarding the impact of the Internal loss at Note 1.


(c)	Accounting standard implementation and material weakness remediation. Additional information provided at page 28.



	Years Ended December 31,
(In millions)	2019		2018	2017

Capital Expenditures by Reportable Segment
North America	$	76.6	59.1	86.3
South America	44.4		43.3	39.2
Rest of World	33.5		37.9	35.9
Total reportable segments	154.5		140.3	161.4
Corporate items	10.3		14.8	8.9
Venezuela	—		—	4.2
Total	$	164.8	155.1	174.5

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	81.1	72.1	68.4
South America	27.9		26.3	23.5
Rest of World	32.3		31.3	30.4
Total reportable segments	141.3		129.7	122.3
Corporate items	10.8		11.9	12.0
Venezuela	—		1.1	1.7
Argentina highly inflationary impact	1.8		—	—
Acquisitions and dispositions	3.1		—	—
Reorganization and Restructuring	0.2		1.9	2.2
Depreciation and amortization of property and equipment	157.2		144.6	138.2

Amortization of intangible assets^(a)	27.8		17.7	8.4
Total	$	185.0	162.3	146.6


(a)	Amortization of acquisition-related intangible assets has been excluded from reportable segment amounts.



	December 31,
(In millions)	2019		2018	2017

Assets held by Reportable Segment
North America	$	1,683.0	1,404.5	733.5
South America	806.1		602.5	740.5
Rest of World	1,006.8		940.7	883.3
Total reportable segments	3,495.9		2,947.7	2,357.3
Corporate items	267.9		288.3	643.6
Venezuela	—		—	58.7
Total	$	3,763.8	3,236.0	3,059.6



	December 31,
(In millions)	2019		2018	2017

Long-Lived Assets by Geographic Area^(a)
Non-U.S.:
Mexico	$	129.4	107.0	99.6
France	74.1		79.0	84.1
Brazil	72.2		62.5	57.2
Canada	54.1		47.6	46.7
Other	150.0		135.4	146.5
Subtotal	479.8		431.5	434.1
U.S.	283.5		267.9	206.8
Total	$	763.3	699.4	640.9


(a)	Long-lived assets include only property and equipment.



	Years Ended December 31,
(In millions)	2019		2018	2017

Revenues by Geographic Area^(a)
Outside the U.S.:
Brazil	$	440.4	405.4	434.6
France	373.2		428.5	429.4
Mexico	412.4		365.3	327.2
Argentina	214.4		247.2	250.3
Venezuela	—		51.4	154.1
Canada	149.8		151.7	151.2
Other	868.4		890.1	824.4
Subtotal	2,458.6		2,539.6	2,571.2
U.S.	1,224.6		949.3	775.8
Total	$	3,683.2	3,488.9	3,347.0


(a)	Revenues are recorded in the country where service is initiated or performed. No single customer represents more than 10% of total revenue.



	December 31,
(In millions)	2019		2018	2017

Net assets outside the U.S.
France	$	155.4	213.4	219.4
Other Rest of World countries	313.6		309.2	273.1
Mexico	181.3		154.8	133.7
Argentina	166.1		154.6	234.0
Brazil	274.1		147.9	151.3
Other South American countries	123.7		109.6	116.2
Canada	45.9		52.0	63.3
Total	$	1,260.1	1,141.5	1,191.0



(In millions)	2019		2018	2017

Information about Unconsolidated Equity Affiliates:
Carrying value of investments and advances at December 31	$	5.0	4.9	4.0
Undistributed earnings at December 31	3.2		3.5	2.6
Share of equity earnings (loss)	0.9		1.9	0.4

In 2019, the Rest of World segment reported equity earnings of $0.6 million related to an equity investment with a carrying value of $4.4 million as of December 31, 2019 and undistributed earnings of $2.6 million as of December 31, 2019. In 2019, the South America segment reported equity earnings of $0.3 million related to an equity investment with a carrying value of $0.6 million as of December 31, 2019 and undistributed earnings of $0.6 million as of December 31, 2019.

In 2018, the Rest of World segment reported equity earnings of $0.9 million related to an equity method investment with a carrying value of $4.2 million and undistributed earnings of $2.8 million as of December 31, 2018. In 2018, the South America segment reported equity earnings of $1.0 million related to an equity method investment with a carrying value of $0.7 million and undistributed earnings of $0.7 million as of December 31, 2018.

Prior to 2018, the investment in South America was not accounted for as an equity method investment.

Interest and Other Nonoperating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2019

Interest and Other Income [Abstract]

Schedule of Other Nonoperating Income (Expense)

Interest and Other Nonoperating Income (Expense)



	Years Ended December 31,
(In millions)	2019			2018		2017

Interest income	$	5.6		6.9		4.1
Gain (loss) on equity securities	(2.9		)	3.2		1.5
Foreign currency transaction losses^(a)	—			(15.5	)	(7.6	)
Derivative instruments	—			—		1.1
Retirement benefit cost other than service cost	(52.7		)	(39.7	)	(47.8	)
Prepayment penalties^(b)	—			—		(8.3	)
Interest on Colombia tax claim^(h)	(1.1		)	—		—
Interest on Brazil tax claim^(c)	—			—		(1.6	)
Non-income taxes on intercompany billings^(d)	(4.2		)	(2.6	)	(1.3	)
Venezuela operations^(e)	(0.9		)	(0.6	)	—
Gain on lease termination^(f)	5.2			—		—
Gain on a disposition of a subsidiary^(g)	—			11.2		—
Other	(1.7		)	(1.7	)	(0.3	)
Interest and other nonoperating income (expense)	$	(52.7	)	(38.8	)	(60.2	)


(a)	Prior to the July 1, 2018 highly inflationary designation for accounting purposes, currency transaction losses incurred by Brink's Argentina related to its U.S. dollar-denominated payables to the sellers of Maco Transporatadora and Maco Litoral.


(b)	Penalties upon prepayment of Private Placement notes in September 2017 and a term loan in October 2017.


(c)	Related to an unfavorable court ruling in 2017 on a non-income tax claim in Brazil. The court ruled that Brink's must pay interest accruing from the initial claim filing in 1994 to the current date. The principal amount of the claim was approximately $1 million and was recognized in selling, general and administrative expenses in 2017.


(d)	Certain of our South American subsidiaries incur non-income taxes related to the billing of intercompany charges. These intercompany charges do not impact South America segment results and are eliminated in our consolidation.


(e)	Charges incurred for providing financial support to Brink's Venezuelan subsidiaries after the June 30, 2018 deconsolidation. We do not expect any future funding of the Venezuela business, as long as current U.S. sanctions remain in effect.


(f)	Gain on termination of a mining lease obligation related to former coal operations. We have no remaining mining leases.


(g)	Gain on the sale of our former French airport security services subsidiary in the second quarter of 2018.


(h)	Related to an unfavorable court ruling in 2019 on a non-income tax claim in Colombia. The court ruled that Brink's must pay interest accruing from 2009 to the current date. The principal amount of the claim was less than $1 million and was recognized in selling, general and administrative expenses in 2019.

Acquisitions and Dispositions Acquisitions and Dispositions - Dispositions (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Jun. 01, 2018	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of business			$ 0.0	$ 11.2	$ 0.0
French airport security services company
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Jun. 01, 2018
Percent of shares sold	100.00%
Net sales price	$ 19.0
Gain on sale of business		$ 11.2
Annual revenues					$ 79.0

Prepaid Expenses and Other (Tables)

12 Months Ended

Dec. 31, 2019

Prepaid Expense, Current [Abstract]

Schedule of Prepaid Expenses and Other

Prepaid Expenses and Other



	December 31,
(In millions)	2019		2018

Prepaid expenses	$	81.6	64.0
Mobile airtime inventory	—		5.8
Income tax receivable	25.7		37.6
Other	20.7		20.1
Prepaid expenses and other	$	128.0	127.5

Other Operating Income (Expense)

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Other Operating Income (Expense)



	Years Ended December 31,
(In millions)	2019			2018		2017

Foreign currency items:
Transaction losses^(a)	$	(22.9	)	(13.9	)	(9.2	)
Foreign currency derivative instrument gains	6.9			7.7		0.8
Gains on sale of property and equity investment^(b)	5.8			4.0		9.2
Impairment losses	(7.7		)	(6.5	)	(3.4	)
Share in earnings of equity affiliates	0.9			1.9		0.4
Royalty income	5.1			4.5		1.9
Gains on business acquisitions and dispositions	—			—		0.6
Other	2.5			0.6		3.0
Other operating income (expense)	$	(9.4	)	(1.7	)	3.3


(a)	Includes remeasurement losses in Argentina of $11.3 million in 2019 and $6.2 million in 2018 related to highly inflationary accounting. Prior to the June 30, 2018 deconsolidation, Venezuela reported remeasurement gains of $2.2 million in 2018 and remeasurement losses of $9.1 million in 2017 under highly inflationary accounting.

(b)

Includes a $3.0 million gain in 2018 and an $8.4 million gain in 2017 related to the sale of real estate in Mexico.

Debt Debt - Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Financing Leases	$ 276.7	$ 215.3
Less: accumulated amortization	(114.2)	(91.3)
Total	162.5	124.0
Buildings
Debt Instrument [Line Items]
Financing Leases	4.1	2.2
Vehicles
Debt Instrument [Line Items]
Financing Leases	267.5	212.4
Machinery and equipment
Debt Instrument [Line Items]
Financing Leases	$ 5.1	$ 0.7

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures



	Years Ended December 31,
(In millions)	2019		2018	2017

Cash paid for:
Interest	$	84.2	63.7	27.1
Income taxes, net	23.9		90.6	83.8

Reconciliation of cash, cash equivalents and restricted cash



	December 31,
(In millions)	2019		2018
Cash and cash equivalents	$	311.0	343.4
Restricted cash	158.0		136.1
Total, cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	469.0	479.5

Capital Stock

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Capital Stock

Common Stock

At December 31, 2019, we had 100 million shares of common stock authorized and 50.1 million shares issued and outstanding.

Dividends

We paid regular quarterly dividends on our common stock during the last three years. On January 16, 2020, the Board declared a regular quarterly dividend of 15 cents per share payable on March 2, 2020. The payment of future dividends is at the discretion of the Board of Directors and is dependent on our future earnings, financial condition, shareholder equity levels, cash flow, business requirements and other factors.

Preferred Stock

At December 31, 2019, we had the authority to issue up to 2.0 million shares of preferred stock with a par value of $10 per share.

Share Repurchase Program

In May 2017, our board of directors authorized a $200 million share repurchase program. We were not obligated to repurchase any specific dollar amount or number of shares, and, at December 31, 2019, the share repurchase program expired with approximately $106 million remaining available under that program. The timing and volume of share repurchases that could have been executed under this program was at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program were made in the open market, in privately negotiated transactions, or otherwise.

In December 2018, we entered into an ASR with a financial institution. In exchange for a $50 million up-front payment at the beginning of the purchase period, the financial institution delivered to us 700,000 shares of our common stock for an average repurchase price of $71.43 per share. The shares received were retired in the period they were delivered to us, and the up-front payment was accounted for as a reduction to shareholders' equity in the consolidated balance sheet. For purposes of calculating earnings per share, we reported the ASR as a repurchase of our common stock in December 2018 and as a forward contract indexed to our common stock. The ASR met all of the applicable criteria for equity classification, and, as a result, was not being accounted for as a derivative instrument.

The ASR purchase period subsequently ended in February 2019 and we received and retired an additional 37,387 shares under the ASR, resulting in an overall average repurchase price of $67.81 per share.

Additionally, during the year ended December 31, 2018, we used $43.5 million to repurchase, in the open market, 610,177 shares at an average repurchase price of $71.22 per share. These shares were retired upon repurchase. No additional shares were repurchased in the year ended December 31, 2019.

Shares Used to Calculate Earnings per Share



	Years Ended December 31,
(In millions)	2019	2018	2017

Weighted-average shares

Basic^(a)	50.2	50.9	50.7
Effect of dilutive stock awards	0.9	—	1.1
Diluted^(a)	51.1	50.9	51.8

Antidilutive stock awards excluded from denominator	0.1	1.6	0.1

(a)

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Assets, Noncurrent Disclosure [Abstract]
Deposits	$ 23.6	$ 15.7
Deferred profit sharing asset	10.9	10.2
Income tax receivable	17.1	67.1
Derivative instruments	5.0	0.6
Equity method investment in unconsolidated entities	5.0	4.9	$ 4.0
Stop loss insurance receivable	17.0	19.0
Cash surrender value of life insurance policies	0.9	7.4
Indemnification asset	20.6	6.6
Debt issue costs	5.5	4.7
Marketable securities	12.0	3.8
Other	49.4	46.1
Other assets	$ 167.0	$ 186.1

Subsequent Events Subsequent Events (Details) - USD ($)	Feb. 26, 2020	Feb. 06, 2020	May 08, 2017
Subsequent Event [Line Items]
Stock repurchase program amount			$ 200,000,000
Subsequent Event \| G4S Cash Management Operations
Subsequent Event [Line Items]
Subsequent event date	Feb. 26, 2020
Purchase consideration	$ 860,000,000
Annual revenues	$ 800,000,000
Subsequent Event \| 250 Million Share Repurchase Program
Subsequent Event [Line Items]
Subsequent event date		Feb. 06, 2020
Stock repurchase program amount		$ 250,000,000

Consolidated Statement of Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	AOCI	Noncontrolling Interests
Beginning Balance at Dec. 31, 2016	$ 354.8	$ 50.0	$ 618.1	$ 576.0	$ (907.0)	$ 17.7
Beginning Balance (shares) at Dec. 31, 2016		50.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	23.6			16.7		6.9
Other comprehensive income (loss)	(18.8)				(19.6)	0.8
Dividends to:
Brink’s common shareholders ($0.60 per share)	(27.7)			(27.7)
Noncontrolling interests	(4.6)					(4.6)
Stock options and awards:
Compensation expense	17.7		17.7
Consideration from exercise of stock options	2.7	$ 0.1	2.6
Consideration from exercise of stock options (shares)		0.1
Other share-based benefit transactions	(9.5)	$ 0.4	(9.8)	(0.1)
Other share-based benefit transactions (shares)		0.4
Ending Balance at Dec. 31, 2017	338.2	$ 50.5	628.6	564.9	(926.6)	20.8
Ending Balance (shares) at Dec. 31, 2017		50.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(27.5)			(33.3)		5.8
Other comprehensive income (loss)	(16.5)				(15.7)	(0.8)
Stock Repurchased During Period, Value	(93.5)	$ (1.3)	(16.9)	(75.3)
Stock Repurchased During Period, Shares		(1.3)
Dividends to:
Brink’s common shareholders ($0.60 per share)	(30.4)			(30.4)
Noncontrolling interests	(5.2)					(5.2)
Stock options and awards:
Compensation expense	28.2		28.2
Consideration from exercise of stock options	0.8	$ 0.0	0.8
Consideration from exercise of stock options (shares)		0.0
Other share-based benefit transactions	(9.4)	$ 0.5	(9.8)	(0.1)
Other share-based benefit transactions (shares)		0.5
Dispositions of noncontrolling interests	(0.4)					(0.4)
Acquisitions of noncontrolling interests	(21.0)		(2.7)		(9.9)	(8.4)
Acquisitions with noncontrolling interests	1.1					1.1
Ending Balance at Dec. 31, 2018	166.6	$ 49.7	628.2	429.1	(953.3)	12.9
Ending Balance (shares) at Dec. 31, 2018		49.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	33.2			29.0		4.2
Other comprehensive income (loss)	3.9				3.1	0.8
Stock Repurchased During Period, Value	0.0	$ 0.0	(0.5)	0.5
Stock Repurchased During Period, Shares		0.0
Dividends to:
Brink’s common shareholders ($0.60 per share)	(29.9)			(29.9)
Noncontrolling interests	(2.3)					(2.3)
Stock options and awards:
Compensation expense	42.7		42.7
Other share-based benefit transactions	(6.8)	$ 0.4	(7.1)	(0.1)
Other share-based benefit transactions (shares)		0.4
Capital contributions from noncontrolling interest	0.2					0.2
Ending Balance at Dec. 31, 2019	$ 207.6	$ 50.1	$ 663.3	$ 457.4	$ (979.0)	$ 15.8
Ending Balance (shares) at Dec. 31, 2019		50.1

Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

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



(In millions)	UMWA Plans							Black Lung and Other Plans						Total
Years Ended December 31,	2019			2018		2017		2019			2018	2017		2019			2018		2017

Service cost	$	—		—		—		$	0.2		0.2	0.1		$	0.2		0.2		0.1
Interest cost on APBO	17.3			17.1		18.4		3.8			3.2	3.2		21.1			20.3		21.6
Return on assets – expected	(13.3		)	(16.7	)	(16.5	)	—			—	—		(13.3		)	(16.7	)	(16.5	)
Amortization of losses	16.6			20.3		19.5		4.6			5.8	4.1		21.2			26.1		23.6
Amortization of prior service cost (credit)	(4.7		)	(4.6	)	(4.6	)	(0.3		)	1.1	1.7		(5.0		)	(3.5	)	(2.9	)
Curtailment (gain)	—			—		—		(0.1		)	—	(0.1	)	(0.1		)	—		(0.1	)
Net periodic postretirement cost	$	15.9		16.1		16.8		$	8.2		10.3	9.0		$	24.1		26.4		25.8

Components of Net Periodic Pension Cost



(In millions)	U.S. Plans							Non-U.S. Plans							Total
Years Ended December 31,	2019			2018		2017		2019			2018		2017		2019			2018		2017

Service cost	$	—		—		—		$	9.9		10.5		11.3		$	9.9		10.5		11.3
Interest cost on projected benefit obligation	34.1			31.9		35.1		10.4			11.8		15.2		44.5			43.7		50.3
Return on assets – expected	(50.7		)	(53.6	)	(53.3	)	(10.3		)	(11.1	)	(9.9	)	(61.0		)	(64.7	)	(63.2	)
Amortization of losses	19.6			27.7		26.6		4.2			4.6		5.3		23.8			32.3		31.9
Amortization of prior service cost	—			—		—		0.1			0.5		1.1		0.1			0.5		1.1
Settlement loss^(a)	19.3			—		—		2.1			1.7		2.0		21.4			1.7		2.0
Net periodic pension cost	$	22.3		6.0		8.4		$	16.4		18.0		25.0		$	38.7		24.0		33.4

(a)

Settlement losses recognized in the U.S. in 2019 are related to an annuity contract buy-out of approximately 2,600 participants. See "2019 Annuity Contract Buy-out" below. Settlement losses outside the U.S. relate primarily to terminated employees that participate in a Mexican severance indemnity program that is accounted for as a defined benefit plan.

Schedule of Obligations and Funded Status

Changes in the projected benefit obligation (“PBO”) and plan assets for our pension plans are as follows:



(In millions)	U.S. Plans					Non-U.S. Plans				Total
Years Ended December 31,	2019			2018		2019		2018		2019		2018

Benefit obligation at beginning of year	$	801.9		890.3		264.2		301.5		1,066.1		1,191.8
Service cost	—			—		9.9		10.5		9.9		10.5
Interest cost	34.1			31.9		10.4		11.8		44.5		43.7
Participant contributions	—			—		0.1		0.3		0.1		0.3
Plan amendments	—			—		(0.6	)	—		(0.6	)	—
Plan combinations	—			—		1.4		0.7		1.4		0.7
Curtailments	—			—		(0.8	)	—		(0.8	)	—
Settlements	(53.6		)	—		(0.9	)	—		(54.5	)	—
Benefits paid	(49.1		)	(49.3	)	(18.2	)	(16.8	)	(67.3	)	(66.1	)
Divestitures^(a)	—			—		—		(3.9	)	—		(3.9	)
Actuarial (gains) losses	93.5			(71.0	)	43.2		(17.7	)	136.7		(88.7	)
Foreign currency exchange effects	—			—		9.7		(22.2	)	9.7		(22.2	)
Benefit obligation at end of year	$	826.8		801.9		318.4		264.2		1,145.2		1,066.1

Fair value of plan assets at beginning of year	$	686.6		777.2		180.6		202.9		867.2		980.1
Return on assets – actual	114.1			(42.2	)	29.2		(9.0	)	143.3		(51.2	)
Participant contributions	—			—		0.1		0.3		0.1		0.3
Plan combinations	—			—		1.4		0.7		1.4		0.7
Employer contributions	0.7			0.9		13.9		16.5		14.6		17.4
Settlements	(53.0		)	—		(0.9	)	—		(53.9	)	—
Benefits paid	(49.1		)	(49.3	)	(18.2	)	(16.8	)	(67.3	)	(66.1	)
Foreign currency exchange effects	—			—		9.0		(14.0	)	9.0		(14.0	)
Fair value of plan assets at end of year	$	699.3		686.6		215.1		180.6		914.4		867.2

Funded status	$	(127.5	)	(115.3	)	(103.3	)	(83.6	)	(230.8	)	(198.9	)

Included in:
Current liability, included in accrued liabilities	$	0.6		1.2		1.3		0.8		1.9		2.0
Noncurrent liability	126.9			114.1		102.0		82.8		228.9		196.9
Net pension liability	$	127.5		115.3		103.3		83.6		230.8		198.9

(a)

Includes amounts related to the sale of our French airport security services company and the deconsolidation of Venezuelan operations.

Changes in the accumulated postretirement benefit obligation (“APBO’) and plan assets related to retirement healthcare benefits are as follows:



(In millions)	UMWA Plans					Black Lung and Other Plans				Total
Years Ended December 31,	2019			2018		2019		2018		2019		2018

APBO at beginning of year	$	479.1		513.5		76.5		75.8		555.6		589.3
Service cost	—			—		0.2		0.2		0.2		0.2
Interest cost	17.3			17.1		3.8		3.2		21.1		20.3
Plan amendments	—			—		(0.3	)	—		(0.3	)	—
Acquisition	—			—		0.9		0.2		0.9		0.2
Curtailment	—			—		(0.2	)	—		(0.2	)	—
Benefits paid	(29.3		)	(28.6	)	(8.5	)	(8.2	)	(37.8	)	(36.8	)
Actuarial (gains) losses, net	(42.5		)	(22.9	)	39.9		6.4		(2.6	)	(16.5	)
Foreign currency exchange effects	—			—		(0.2	)	(1.1	)	(0.2	)	(1.1	)
APBO at end of year	$	424.6		479.1		112.1		76.5		536.7		555.6

Fair value of plan assets at beginning of year	$	181.7		219.2		—		—		181.7		219.2
Return on assets – actual	25.9			(7.6	)	—		—		25.9		(7.6	)
Employer contributions	—			—		8.5		8.2		8.5		8.2
Net transfers to (from) plan assets	(0.4		)	(1.3	)	—		—		(0.4	)	(1.3	)
Benefits paid	(29.3		)	(28.6	)	(8.5	)	(8.2	)	(37.8	)	(36.8	)
Fair value of plan assets at end of year	$	177.9		181.7		—		—		177.9		181.7

Funded status	$	(246.7	)	(297.4	)	(112.1	)	(76.5	)	(358.8	)	(373.9	)

Included in:
Current, included in accrued liabilities	$	—		—		11.0		7.8		11.0		7.8
Noncurrent	246.7			297.4		101.1		68.7		347.8		366.1
Retirement benefits other than pension liability	$	246.7		297.4		112.1		76.5		358.8		373.9

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) of our retirement benefit plans other than pensions are as follows:



(In millions)	UMWA Plans					Black Lung and Other Plans				Total
Years Ended December 31,	2019			2018		2019		2018		2019		2018

Benefit plan net actuarial gain (loss) recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(290.9	)	(309.8	)	(42.9	)	(43.0	)	(333.8	)	(352.8	)
Net actuarial gains (losses) arising during the year	55.1			(1.4	)	(39.9	)	(6.4	)	15.2		(7.8	)
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	16.6			20.3		4.6		5.8		21.2		26.1
Foreign currency exchange effects	—			—		0.1		0.7		0.1		0.7
End of year	$	(219.2	)	(290.9	)	(78.1	)	(42.9	)	(297.3	)	(333.8	)

Benefit plan prior service (cost) credit recognized in accumulated other comprehensive income (loss):
Beginning of year	$	32.7		37.3		1.5		0.7		34.2		38.0
Prior service credit from plan amendments during the year	—			—		0.3		—		0.3		—
Reclassification adjustment for amortization or curtailment of prior service cost included in net income (loss)	(4.7		)	(4.6	)	(0.4	)	1.1		(5.1	)	(3.5	)
Foreign currency exchange effects	—			—		—		(0.3	)	—		(0.3	)
End of year	$	28.0		32.7		1.4		1.5		29.4		34.2

Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss)



(In millions)	U.S. Plans					Non-U.S. Plans				Total
Years Ended December 31,	2019			2018		2019		2018		2019		2018

Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(306.0	)	(308.9	)	(62.0	)	(82.9	)	(368.0	)	(391.8	)
Net actuarial gains (losses) arising during the year	(29.5		)	(24.8	)	(23.5	)	(2.4	)	(53.0	)	(27.2	)
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	38.9			27.7		6.3		18.7		45.2		46.4
Foreign currency exchange effects	—			—		(2.3	)	4.6		(2.3	)	4.6
End of year	$	(296.6	)	(306.0	)	(81.5	)	(62.0	)	(378.1	)	(368.0	)

Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year	$	—		—		(1.2	)	(8.3	)	(1.2	)	(8.3	)
Prior service credit (cost) from plan amendments during the year	—			—		0.6		—		0.6		—
Reclassification adjustment for amortization of prior service cost included in net income (loss)	—			—		0.1		7.1		0.1		7.1
Foreign currency exchange effects	—			—		—		—		—		—
End of year	$	—		—		(0.5	)	(1.2	)	(0.5	)	(1.2	)

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets



(In millions)	U.S. Plans			Non-U.S. Plans		Total
December 31,	2019		2018	2019	2018	2019	2018

Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	$	699.3	686.6	50.8	44.9	750.1	731.5
Accumulated benefit obligation	826.8		801.9	124.2	104.6	951.0	906.5
Projected benefit obligation	826.8		801.9	142.1	119.7	968.9	921.6

Schedule of Assumptions Used

The weighted-average assumptions used to determine the net pension cost and benefit obligations for our pension plans were as follows:



	U.S. Plans						Non-U.S. Plans
	2019		2018		2017		2019		2018		2017

Discount rate:
Pension cost	4.4	%	3.7	%	4.3	%	4.0	%	3.5	%	3.7	%
Benefit obligation at year end	3.3	%	4.4	%	3.7	%	3.2	%	4.0	%	3.5	%

Expected return on assets – pension cost	7.00	%	7.25	%	7.25	%	5.64	%	5.62	%	5.50	%

Average rate of increase in salaries^(a):
Pension cost	N/A		N/A		N/A		2.6	%	2.6	%	2.7	%
Benefit obligation at year end	N/A		N/A		N/A		2.6	%	2.6	%	2.6	%

(a)

Salary scale assumptions are determined through historical experience and vary by age and industry. The U.S. plan benefits are frozen and will not increase due to future salary increases.

The APBO for each of the plans was determined using the unit credit method and assumed rates as follows:



	2019		2018		2017

Weighted-average discount rate:
Postretirement cost:
UMWA plans	4.3	%	3.6	%	4.1	%
Black lung	4.2	%	3.5	%	3.9	%
Weighted-average	4.4	%	3.7	%	4.2	%
Benefit obligation at year end:
UMWA plans	3.2	%	4.3	%	3.6	%
Black lung	3.1	%	4.2	%	3.5	%
Weighted-average	3.3	%	4.4	%	3.7	%
Expected return on assets	8.00	%	8.00	%	8.25	%

Schedule of Expected Benefit Payments

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2019, are as follows:



(In millions)	UMWA Plans		Black Lung and Other Plans	Total

2020	$	30.2	11.0	41.2
2021	30.2		10.3	40.5
2022	29.7		9.6	39.3
2023	29.3		9.0	38.3
2024	28.7		8.3	37.0
2025 through 2029	132.2		33.4	165.6

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2019, are as follows:



(In millions)	U.S. Plans		Non-U.S. Plans	Total

2020	$	47.6	12.1	59.7
2021	47.6		12.3	59.9
2022	47.6		12.7	60.3
2023	47.7		13.7	61.4
2024	47.5		14.9	62.4
2025 through 2029	235.5		94.0	329.5

Schedule of Allocation of Plan Assets



		December 31, 2019				December 31, 2018
(In millions, except for percentages)	Fair Value Level	Total Fair Value		% Actual Allocation	% Target Allocation	Total Fair Value	% Actual Allocation	% Target Allocation

U.S. Pension Plans
Cash, cash equivalents and receivables		$	3.8	—	—	4.1	—	—
Equity securities:
U.S. large-cap^(a)	1	83.6		12	12	79.1	12	12
U.S. small/mid-cap^(a)	1	34.7		5	5	28.5	4	5
International^(a)	1	106.2		15	15	102.3	15	15
Emerging markets^(b)	1	14.0		2	2	9.9	1	2
Dynamic asset allocation^(c)	1	28.3		4	4	22.4	3	4
Fixed-income securities:
Long duration - mutual fund^(d)	1	277.3		48	48	260.3	48	48
Long duration - Treasury strips^(d)	2	53.9		48	48	68.6	48	48
High yield^(e)	1	13.9		2	2	10.9	2	2
Emerging markets^(f)	1	14.0		2	2	10.4	1	2
Other types of investments:
Core property^{(g) (l)}		36.3		5	5	44.7	7	5
Structured credit^{(h) (l)}		33.3		5	5	45.4	7	5
Total		$	699.3	100	100	686.6	100	100

UMWA Plans
Cash, cash equivalents and receivables		$	0.8	—	—	—	—	—
Equity securities:
U.S. large-cap^(a)	1	32.8		19	19	29.1	16	19
U.S. small/mid-cap^(a)	1	13.8		8	8	12.0	7	8
International^(a)	1	40.4		23	24	35.8	20	24
Emerging markets^(b)	1	6.9		4	4	6.2	3	4
Dynamic asset allocation^(c)	1	12.1		7	7	10.8	6	7
Fixed-income securities:
High yield^(e)	1	3.5		2	2	3.3	2	2
Emerging markets^(f)	1	6.9		4	4	6.1	3	4
Multi asset real return⁽ⁱ⁾	1	8.6		5	5	7.6	4	5
Other types of investments:
Core property^{(g) (l)}		20.3		11	10	25.2	14	10
Structured credit^{(h) (l)}		9.6		5	5	13.4	7	5
Global private equity^{(j) (l)}		14.8		8	7	15.5	9	7
Energy debt^{(k) (l)}		7.4		4	5	16.7	9	5
Total		$	177.9	100	100	181.7	100	100


(a)	These categories include a passively managed U.S. large-cap equity mutual fund, an actively managed U.S. small/mid-cap equity and a Non-U.S. equity mutual fund that track various indices such as the S&P 500 Index, the Russell 2500 Index and the MSCI All Country World Ex-U.S. Index.

(b)

This category represents an actively managed mutual fund that invests primarily in equity securities of emerging market issuers. Emerging market countries are those countries that are characterized as developing or emerging by any of the World Bank, the United Nations, the International Finance Corporation, or the European Bank for Reconstruction and Development or included in an emerging markets index by a recognized index provider.

(c)

This category represents an actively managed mutual fund that seeks to generate, over time, a total return in excess of the broad U.S. equity market by selecting investments from among a broad range of asset classes based upon the manager's expectations of risk and return. The fund’s allocations among asset classes may be adjusted over short periods and can vary from multiple to a single asset class.

(d)

This category represents actively managed mutual funds that seek to duplicate the risk and return characteristics of an intermediate to a long-term fixed-income security portfolio with an approximate duration of 10 to15 years and longer. This is achieved by using an intermediate duration credit bond fund and a long duration credit bond mutual fund. This category also includes Treasury future contracts and zero-coupon securities created by the U.S. Treasury.


(e)	This category represents an actively managed mutual fund that invests primarily in fixed-income securities rated below investment grade, including corporate bonds and debentures, convertible and preferred securities and zero-coupon obligations. The fund’s average weighted maturity may vary and will generally not exceed ten years.


(f)	This category represents an actively managed mutual fund that invests primarily in U.S. dollar-denominated debt securities of government, government-related and corporate issuers in emerging market countries, as well as entities organized to restructure the outstanding debt of such issuers.

(g)

This category represents an actively managed real estate fund of funds that seeks both current income and long-term capital appreciation through investing in underlying funds that acquire, manage, and dispose of commercial real estate properties. These properties are high-quality, low-leveraged, income-generating office, industrial, retail, and multi-family properties, generally fully-leased to creditworthy companies and governmental entities.


(h)	This category invests primarily in a diversified portfolio comprised primarily of collateralized loan obligations and other structured credit investments backed primarily by bank loans.


(i)	This category represents an actively managed mutual fund that invests primarily in fixed income and equity securities and commodity linked instruments. The category seeks total returns that exceed the rate of inflation over a full market cycle regardless of market conditions.

(j)

This category will offer exposure to a diversified pool of global private assets fund investments. Further, the category will seek to shorten the duration of the typical private assets fund of funds through a dedicated focus on secondary strategies (i.e. funds whose investment strategy is to purchase interests in other private market investments/funds as a way to provide the original investors liquidity prior to the end of those investments’/funds’ contracted end date), income-producing investment strategies (e.g. debt, real estate, and to a lesser extent, real assets), and underlying funds whose stated life is five to seven years, as opposed to the more typical 10-year life of private assets funds.


(k)	This category invests in credit securities of commodity oriented companies affected by the dislocation in the commodity markets with the investment objective of producing an equity like return with less downside risk than equity or commodity investments.

(l)

In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.



	December 31, 2019				December 31, 2018
(In millions, except for percentages)	Total Fair Value		% Actual Allocation	% Target Allocation	Total Fair Value	% Actual Allocation	% Target Allocation
Non-U.S. Pension Plans
Cash and cash equivalents	$	0.5	—	—	0.8	—	—
Equity securities:
U.S. equity funds^(a)	30.2				23.8
Canadian equity funds^(a)	41.4				32.5
European equity funds^(a)	3.6				4.0
Emerging markets^(a)	5.0				4.8
Other global equity funds^(a)	25.0				21.2
Total equity securities	105.2		49	50	86.3	48	52
Fixed-income securities:
European fixed-income funds^(b)	9.1				18.7
High-yield^(c)	1.6				1.2
Emerging markets^(d)	1.8				1.5
Long-duration^(e)	79.5				70.4
Total fixed-income securities	92.0		43	41	91.8	51	47
Other types of investments:
Property funds^(f)	8.1				—
Global infrastructure fund^(g)	7.5				—
Other	1.8				1.7
Total other types of investments	17.4		8	9	1.7	1	1
Total	$	215.1	100	100	180.6	100	100

(a)

These categories are comprised of equity index actively and passively managed funds that track various indices such as S&P 500 Composite Total Return Index, Russell 2500 Index, MSCI World Index, S&P/TSX Total Return Index and others. Some of these funds use a dynamic asset allocation investment strategy seeking to generate total return over time by selecting investments from among a broad range of asset classes, investing primarily through the use of derivatives.


(b)	This category is primarily designed to generate income and exhibit volatility similar to that of the Sterling denominated bond market. This category primarily invests in investment grade or better securities.


(c)	This category consists of global high-yield bonds. This category invests in lower rated and unrated fixed income, floating rate and other debt securities issued by European and American companies.


(d)	This category consists of a diversified portfolio of debt securities issued by governments, financial institutions, companies or other entities domiciled in emerging market countries.


(e)	This category is designed to achieve a return consistent with holding longer term debt instruments. This category invests in interest rate and inflation derivatives, government-issued bonds, real-return bonds, and futures contracts.


(f)	This category offers exposure to limited partnerships invested in diversified real estate, participating mortgages, and property for development and resale.


(g)	This category is a limited partnership invested in fund of funds designed to acquire and maintain a diversified portfolio of global infrastructure investments (within targeted sub-sectors with varied maturities) that realizes a minimum of 10% annual return over a three-year rolling period.

Schedule of Changes of Level 3 Plan Assets

Non-U.S. Plans - Fair Value Measurements



(In millions)	December 31, 2019		December 31, 2018

Quoted prices in active markets for identical assets (Level 1)	$	177.9	163.4
Net asset value per share practical expedient^(a)	37.2		17.2
Total fair value	$	215.1	180.6


(a)	In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.

Schedule of Costs of Retirement Plans

Our matching contribution expense is as follows:



(In millions)
Years Ended December 31,	2019		2018	2017

U.S. 401(K)	$	6.5	5.0	4.4
Other plans	4.9		4.9	4.6
Total	$	11.4	9.9	9.0

Leases Leases - Other information (Details) $ in Millions	12 Months Ended
Leases Leases - Other information (Details) $ in Millions	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 96.0
Operating cash flows from finance leases	7.4
Financing cash flows from finance leases	29.4
Leased assets obtained in exchange for new operating lease obligations	56.3
Leased assets obtained in exchange for new finance lease obligations	$ 59.7
Weighted average remaining lease term operating leases (years)	7 years 2 months 12 days
Weighted average remaining lease term finance leases (years)	5 years 2 months 12 days
Weighted average discount rate operating leases (percent)	6.90%
Weighted average discount rate finance leases (percent)	4.90%

Reorganization and Restructuring

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Reorganization and Restructuring

2016 Reorganization and Restructuring

In the fourth quarter of 2016, management implemented restructuring actions across our global business operations and our corporate functions. As a result of these actions, we recognized $18.1 million in related 2016 costs and an additional $17.3 million in 2017 under this restructuring related to severance, asset-related adjustments, a benefit program termination and lease terminations. We recognized an additional $13.0 million in 2018 under this restructuring for severance costs and asset-related adjustments. The actions under this program were substantially completed in 2018, with cumulative pretax charges of approximately $48 million. Severance actions reduced our global workforce by approximately 800 positions.

The following table summarizes the costs incurred, payments and utilization, and foreign currency exchange effects of the 2016 reorganization and restructuring:



(In millions)	Asset Related Adjustments			Severance Costs		Lease Terminations		Benefit Program Termination		Total

Balance as of December 31, 2016	$	—		7.0		0.6		—		7.6
Expense (benefit)	4.1			10.4		0.6		2.2		17.3
Payments and utilization	(4.1		)	(16.0	)	(0.8	)	(2.2	)	(23.1	)
Foreign currency exchange effects	—			0.2		—		—		0.2
Balance as of December 31, 2017	$	—		1.6		0.4		—		2.0
Expense (benefit)	1.7			11.3		—		—		13.0
Payments and utilization	(1.7		)	(12.4	)	(0.2	)	—		(14.3	)
Foreign currency exchange effects	—			—		—		—		—
Balance as of December 31, 2018	$	—		0.5		0.2		—		0.7

Other Restructurings

Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized net costs of $4.6 million in 2017, $7.6 million in 2018 and $28.8 million in 2019, primarily severance costs. For the current restructuring actions, we expect to incur additional costs between $1 million and $3 million in future periods.

The following table summarizes the costs incurred, payments and utilization, and foreign currency exchange effects of other restructurings:



(In millions)	Severance Costs			Modification of Shared-based Awards		Other		Total

Balance as of December 31, 2018	$	3.3		—		—		3.3
Expense (benefit)	19.7			7.7		1.8		29.2
Payments and utilization	(15.6		)	(7.7	)	(1.8	)	(25.1	)
Accrual adjustment	(0.4		)	—		—		(0.4	)
Foreign currency exchange effects	—			—		—		—
Balance as of December 31, 2019	$	7.0		—		—		7.0

Debt Debt - Minimum Repayments Long Term Debt (Details) $ in Millions	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
2020	$ 74.5
2021	72.7
2022	69.2
2023	64.8
2024	742.6
Later years	615.6
Total	1,639.4
Financing leases
Debt Instrument [Line Items]
2020	32.5
2021	31.8
2022	28.2
2023	24.0
2024	17.4
Later years	15.6
Total	149.5
Other long-term debt
Debt Instrument [Line Items]
2020	42.0
2021	40.9
2022	41.0
2023	40.8
2024	725.2
Later years	600.0
Total	$ 1,489.9

Income Taxes - Valuation Allowances (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning of year				$ 100.7				$ 98.9	$ 100.7	$ 98.9	$ 62.8
Expiring tax credits									(0.3)	(0.6)	(0.4)
Acquisitions and dispositions									3.1	(0.7)	(3.4)
Changes in judgment about deferred tax assets(a)									5.3	0.0	(1.8)
Income from continuing operations	$ (3.8)	$ 5.8	$ 12.6	$ 13.7	$ 34.9	$ 17.5	$ (107.8)	$ 22.1	28.3	(33.3)	16.9
Other comprehensive income (loss)									3.9	(16.5)	(18.8)
Foreign currency exchange effects									(0.5)	(2.7)	(2.4)
End of year	$ 118.3				$ 100.7				118.3	100.7	98.9
Valuation Allowance of Deferred Tax Assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Income from continuing operations									10.0	6.1	43.9
Other comprehensive income (loss)									$ 0.0	$ (0.3)	$ 0.2

Other Operating Income (Expense) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effect of Fourth Quarter Events [Line Items]
Foreign currency transaction losses			$ (22.9)	$ (13.9)	$ (9.2)
Foreign currency derivative instrument gains			6.9	7.7	0.8
Gains on sale of property and equity investment			5.8	4.0	9.2
Impairment losses			(7.7)	(6.5)	(3.4)
Share in earnings of equity affiliates			0.9	1.9	0.4
Royalty Income			5.1	4.5	1.9
Gains on business acquisitions and dispositions			0.0	0.0	0.6
Other			2.5	0.6	3.0
Other operating income (expense)			(9.4)	(1.7)	3.3
ARGENTINA \| Argentina, Pesos
Effect of Fourth Quarter Events [Line Items]
Foreign currency transaction losses			4.7
Currency remeasurement gain (loss)	$ (8.1)		$ (11.3)	(6.2)
Venezuela \| Venezuelan bolívar fuerte
Effect of Fourth Quarter Events [Line Items]
Currency remeasurement gain (loss)		$ 2.2			(9.1)
Mexico
Effect of Fourth Quarter Events [Line Items]
Gains on sale of property and equity investment				$ 3.0	$ 8.4

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment



Estimated Useful Lives	Years
Buildings	16 to 25
Building leasehold improvements	3 to 10
Vehicles	3 to 10
Capitalized software	3 to 5
Other machinery and equipment	3 to 10

The following table presents our property and equipment that is classified as held and used:



	December 31,
(In millions)	2019			2018

Land	$	51.9		51.7
Buildings	211.0			199.9
Leasehold improvements	236.0			219.7
Vehicles	646.3			568.4
Capitalized software^(a)	213.4			203.4
Other machinery and equipment	667.3			625.5
	2,025.9			1,868.6
Accumulated depreciation and amortization	(1,262.6		)	(1,169.2	)
Property and equipment, net	$	763.3		699.4

(a)

Amortization of capitalized software costs included in continuing operations was $15.7 million in 2019, $16.5 million in 2018 and $20.5 million in 2017.

Retirement Benefits - Fair Value Measurements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Net asset value per share practical expedient(a)	$ 37.2	$ 17.2
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	215.1	180.6	$ 202.9
Non-U.S. Plans \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 177.9	$ 163.4

Prepaid Expenses and Other (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 81.6	$ 64.0
Mobile airtime inventory	0.0	5.8
Income tax receivable	25.7	37.6
Other	20.7	20.1
Prepaid expenses and other	$ 128.0	$ 127.5

Summary of Significant Accounting Policies New Accounting Standards (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Mar. 31, 2019

^[1]

Jan. 01, 2019

Mar. 31, 2018

^[2]

Jan. 01, 2018

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative effect of change in accounting principle

$ 0.0

$ 2.2

Net cash provided by operating activities

$ 368.6

$ 364.1

$ 296.4

Net Cash Provided by (Used in) Financing Activities

(38.0)

93.4

587.3

Effect of exchange rate changes on cash and cash equivalents

(8.1)

(32.2)

(0.9)

Right-of-use assets, net

270.3

$ 0.0

Lease liabilities

$ 284.3

Retained Earnings

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative effect of change in accounting principle

$ 28.8

$ 3.3

Accounting Standards Update 2014-09 | Retained Earnings

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative effect of change in accounting principle

$ 1.5

Accounting Standards Update 2016-01 | Retained Earnings

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative effect of change in accounting principle

1.1

Accounting Standards Update 2016-16 | Retained Earnings

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative effect of change in accounting principle

$ 0.7

Accounting Standards Update 2016-18

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Net cash provided by operating activities

44.3

Net Cash Provided by (Used in) Financing Activities

1.5

Effect of exchange rate changes on cash and cash equivalents

$ 11.3

Accounting Standards Update 2016-02

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Right-of-use assets, net

$ 310.1

Lease liabilities

$ 320.3

[1]

[2]

Accumulated Other Comprehensive Income (Loss) - Amounts in OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	$ (56.9)	$ (183.5)	$ (74.9)
Amounts Arising During the Current Period, Income Tax	9.2	8.6	19.5
Amounts Reclassified to Net Income (Loss), Pretax	61.2	172.0	54.3
Amounts Reclassified to Net Income (Loss), income Tax	(9.6)	(13.6)	(17.7)
Other comprehensive income (loss)	3.9	(16.5)	(18.8)
Cost of revenues	2,832.1	2,703.3	2,608.2
Selling, general and administrative expenses	604.9	509.2	468.2
Interest and other income (expense)	(52.7)	(38.8)	(60.2)
Other operating income (expense)	(9.4)	(1.7)	3.3
Interest Expense	90.6	66.7	32.2
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(38.0)	(31.4)	(99.3)
Amounts Arising During the Current Period, Income Tax	4.4	8.6	21.2
Amounts Reclassified to Net Income (Loss), Pretax	61.4	65.0	54.9
Amounts Reclassified to Net Income (Loss), income Tax	(9.9)	(13.3)	(18.2)
Other comprehensive income (loss)	17.9	28.9	(41.4)
Foreign currency translation adjustments(b)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(0.9)	(151.6)	22.7
Amounts Arising During the Current Period, Income Tax	0.0	0.0	(1.0)
Amounts Reclassified to Net Income (Loss), Pretax	0.0	107.2	0.0
Amounts Reclassified to Net Income (Loss), income Tax	0.1	(0.3)	0.0
Other comprehensive income (loss)	(0.8)	(44.7)	21.7
Unrealized gains (losses) on available-for-sale securities
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax			1.7
Amounts Arising During the Current Period, Income Tax			(0.6)
Amounts Reclassified to Net Income (Loss), Pretax			(1.5)
Amounts Reclassified to Net Income (Loss), income Tax			0.5
Other comprehensive income (loss)	0.0	0.0	0.1
Gains (losses) on cash flow hedges
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(18.8)	0.3	(0.1)
Amounts Arising During the Current Period, Income Tax	4.8	0.0	(0.1)
Amounts Reclassified to Net Income (Loss), Pretax	(0.2)	(0.2)	0.2
Amounts Reclassified to Net Income (Loss), income Tax	0.2	0.0	0.0
Other comprehensive income (loss)	(14.0)	0.1	0.0
Gains (losses) on cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income Loss [Line Items]
Interest and other income (expense)	0.0	0.0	(0.1)
Other operating income (expense)	5.8	0.0	(0.1)
Interest Expense	5.7
AOCI Attributable to Parent
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(57.7)	(182.7)	(75.0)
Amounts Arising During the Current Period, Income Tax	9.2	8.6	19.5
Amounts Reclassified to Net Income (Loss), Pretax	61.2	172.0	53.6
Amounts Reclassified to Net Income (Loss), income Tax	(9.6)	(13.6)	(17.7)
Other comprehensive income (loss)	3.1	(15.7)	(19.6)
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax			(0.8)
Amounts Arising During the Current Period, Income Tax			0.0
Amounts Reclassified to Net Income (Loss), Pretax			0.7
Amounts Reclassified to Net Income (Loss), income Tax			0.0
Other comprehensive income (loss)			(0.1)
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	0.8	(0.8)	0.9
Amounts Arising During the Current Period, Income Tax	0.0	0.0	0.0
Amounts Reclassified to Net Income (Loss), Pretax	0.0	0.0	0.0
Amounts Reclassified to Net Income (Loss), income Tax	0.0	0.0	0.0
Other comprehensive income (loss)	0.8	(0.8)	0.9
AOCI Attributable to Noncontrolling Interest
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	0.8	(0.8)	0.1
Amounts Arising During the Current Period, Income Tax	0.0	0.0	0.0
Amounts Reclassified to Net Income (Loss), Pretax	0.0	0.0	0.7
Amounts Reclassified to Net Income (Loss), income Tax	0.0	0.0	0.0
Other comprehensive income (loss)	0.8	(0.8)	0.8
Benefit plan adjustments(a)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(38.0)	(31.4)	(100.1)
Amounts Arising During the Current Period, Income Tax	4.4	8.6	21.2
Amounts Reclassified to Net Income (Loss), Pretax	61.4	65.0	55.6
Amounts Reclassified to Net Income (Loss), income Tax	(9.9)	(13.3)	(18.2)
Other comprehensive income (loss)	17.9	28.9	(41.5)
Benefit plan adjustments(a) \| Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income Loss [Line Items]
Cost of revenues	7.8	8.4	9.0
Selling, general and administrative expenses	2.3	2.3	2.4
Interest and other income (expense)	52.7	39.7	47.8
Foreign currency translation adjustments(b)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(0.1)	(152.4)	23.6
Amounts Arising During the Current Period, Income Tax	0.0	0.0	(1.0)
Amounts Reclassified to Net Income (Loss), Pretax	0.0	107.2	0.0
Amounts Reclassified to Net Income (Loss), income Tax	0.1	(0.3)	0.0
Other comprehensive income (loss)	0.0	(45.5)	22.6
Unrealized gains (losses) on available-for-sale securities(c)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax			1.7
Amounts Arising During the Current Period, Income Tax			(0.6)
Amounts Reclassified to Net Income (Loss), Pretax			(1.5)
Amounts Reclassified to Net Income (Loss), income Tax			0.5
Other comprehensive income (loss)			0.1
Gains (losses) on cash flow hedges(d)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(18.8)	0.3	(0.1)
Amounts Arising During the Current Period, Income Tax	4.8	0.0	(0.1)
Amounts Reclassified to Net Income (Loss), Pretax	(0.2)	(0.2)	0.2
Amounts Reclassified to Net Income (Loss), income Tax	0.2	0.0	0.0
Other comprehensive income (loss)	$ (14.0)	$ 0.1	$ 0.0

Revenue from contracts with customers Revenue from contracts with customers (Policies)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue is recognized when services related to armored vehicle transportation, ATM services, cash management services, payment services, guarding and the secure international transportation of valuables are performed. We assess our customers' ability to meet contractual terms, including payment terms, before entering into contracts. Taxes collected from customers and remitted to governmental authorities are not included in revenues in the consolidated statements of operations. The majority of our revenues from contracts with customers are earned by providing services and these performance obligations are satisfied over time. Smaller amounts of revenues are earned from selling goods, such as safes, to customers where the performance obligations are satisfied at a point in time. Certain of our high-value services involve the leasing of assets, such as safes, to our customers along with the regular servicing of those safe devices. Revenues related to the leasing of these assets are recognized in accordance with applicable lease guidance (ASC 842 beginning in 2019 and ASC 840 prior to 2019), but are included in the above table as the amounts are a small percentage of overall revenues. Contract Balances Contract Asset Although payment terms and conditions can vary, for the majority of our customer contracts, we invoice for all of the services provided to the customer within a monthly period. For certain customer contracts, the timing of our performance may precede our right to invoice the customer for the total transaction price. For example, Brink's affiliates in certain countries, primarily in South America, negotiate annual price adjustments with certain customers and, once the price increases are finalized, the pricing changes are made retroactive to services provided in earlier periods. These retroactive pricing adjustments are estimated and recognized as revenue with a corresponding contract asset in the same period in which the related services are performed. As the estimate of the ultimate transaction price changes, we recognize a cumulative catch-up adjustment for the change in estimate. Contract Liability For other customer contracts, we may obtain the right to payment or receive customer payments prior to performing the related services under the contract. When the right to customer payments or receipt of payments precedes our performance, we recognize a contract liability. The amount of revenue recognized in 2019 that was included in the January 1, 2019 contract liability balance was $2.5 million. This revenue consists of services provided to customers who had prepaid for those services prior to the current year. The increase in the contract liability balance resulted primarily from the acquisition of Balance Innovations, LLC in the second quarter of 2019 (see Note 7). The amount of revenue recognized in 2019 from performance obligations satisfied in the prior year as a result of changes in the transaction price of our customer contracts was not significant. Contract Costs Sales commissions directly related to obtaining new contracts with customers qualify for capitalization. These capitalized costs are amortized to expense ratably over the term of the contracts. At December 31, 2019, the net capitalized costs to obtain contracts was $1.9 million, which is included in other assets on the consolidated balance sheet. Amortization expense in 2019 was not significant and there were no impairment losses recognized related to these contract costs in 2019. Practical Expedients For the majority of our contracts with customers, we invoice a fixed amount for each unit of service we have provided. These contracts provide us with the right to invoice for an amount or rate that corresponds to the value we have delivered to our customers. The volume of services that will be provided to customers over the term is not known at inception of these contracts. Therefore, while the rate per unit of service is known, the transaction price itself is variable. For this reason, we recognize revenue from these contracts equal to the amount for which we have the contractual right to invoice the customers. Because we are not required to estimate variable consideration related to the transaction price in order to recognize revenue, we are also not required to estimate the variable consideration to provide certain disclosures. As a result, we have elected to use the optional exemption related to the disclosure of transaction prices, amounts allocated to remaining performance obligations and the future periods in which revenue will be recognized, sometimes referred to as backlog. We have also elected to use the practical expedient for financing components related to our contract liabilities. We do not recognize interest expense on contracts for which the period between our receipt of customer payments and our service to the customer is one year or less. For performance obligations related to the services described above, we generally satisfy our obligations as each action to provide the service to the customer occurs. Because the customers simultaneously receive and consume the benefits from our services, these performance obligations are deemed to be satisfied over time. We use an output method, units of service provided, to recognize revenue because that is the best method to represent the transfer of our services to the customer at the agreed upon rate for each action. Although not as significant as our service offerings, we also sell goods to customers from time to time, such as safe devices. In those transactions, we satisfy our performance obligation at a point in time. We recognize revenue when the goods are delivered to the customer as that is the point in time that best represents when control has transferred to the customer. Our contracts with customers describe the services we can provide along with the fees for each action to provide the service. We typically send invoices to customers for all of the services we have provided within a monthly period and payments are generally due within 30 to 60 days of the invoice date. Although our customer contracts specify the fees for each action to provide service, the majority of the services stated in our contracts do not have a defined quantity over the contract term. Accordingly, the transaction price is considered variable as there is an unknown volume of services that will be rendered over the course of the contract. We recognize revenue for these services in the period in which they are provided to the customer based on the contractual rate at which we have the right to invoice the customer for each action. Some of our contracts with customers contain clauses that define the level of service that the customer will receive. The service level agreements (“SLA”) within those contracts contain specific calculations to determine whether the appropriate level of service has been met within a specific period, which is typically a month. We estimate SLA penalties and recognize the amounts as a reduction to revenue. Taxes collected from customers and remitted to governmental authorities are not included in revenues in the consolidated statements of operations.

Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Other Liabilities Disclosure [Abstract]

Schedule of Other Assets and Other Liabilities

Other Liabilities



	December 31,
(In millions)	2019		2018

Workers’ compensation and other claims	$	81.3	89.4
Post-employment benefits	7.2		7.6
Asset retirement and remediation obligations	18.6		19.1
Acquisition-related obligations	1.5		—
Noncurrent tax liabilities	15.3		9.2
Other	59.2		43.4
Other liabilities	$	183.1	168.7

Selected Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2019