0000078890-23-000090 | 10-K | XBRL Viewer

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 - includes corporate headquarters costs, 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. We also exclude certain costs, gains and losses related to acquisitions and dispositions of assets and of businesses. Brink's Argentina is consolidated 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. Net charges related to a change in the methodology for estimating the allowance for doubtful accounts have been 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 of the internal loss has included estimated bad debt expense for uncollectible receivables as well as legal costs to recover losses from insurance. The charges related to the internal loss have been offset by collections of previously reserved receivables and insurance recoveries. We have also excluded from our segment results estimated charges related to an antitrust legal matter in our Brink's Chile operations. Finally, we have also excluded an estimate of our share of costs for damages and losses suffered by a ship owner that was carrying cargo for Brink's.

We currently serve customers in more than 100 countries, including 53 countries where we operate subsidiaries.

We manage our business in the following four segments:

•North America – operations in the U.S. and Canada, including the Brink’s Global Services ("BGS") line of business,

•Latin America – operations in Latin American countries where we have an ownership interest, including the BGS line of business. This segment includes operations in Mexico, which was previously reported in the North America segment,

•Europe – total operations in European countries that primarily provide services outside of the BGS line of business, and

•Rest of World – operations in the Middle East, Africa and Asia. This segment also includes total operations in European countries that primarily provide BGS services and BGS activity in Latin American countries where we do not have an ownership interest.

Prior to 2021, all business units within the operating segments followed an internal Brink's accounting policy for determining an allowance for doubtful accounts and recognizing bad debt expense. The allowance amounts reported by the operating segments were then reconciled to the required U.S. GAAP estimated consolidated allowance amount, and any differences were reported as part of Corporate expenses. During the first quarter of 2021, we changed the allowance calculation method of the U.S. business within the North America operating segment, in order to more closely align it with U.S. GAAP requirements. Differences between U.S. GAAP and existing internal policy were not significant for all other business units within the operating segments, and so no other changes were made, and reconciling amounts for those units will continue to be reported as part of Corporate expense. For the North America segment, the impact of this change in reporting was to reduce the segment allowance and to increase segment operating profit by $12.3 million in the first quarter of 2021. There was no net impact to consolidated results, as a corresponding offsetting adjustment occurred on Corporate expenses.


	Revenues				Operating Profit
	Years Ended December 31,				Years Ended December 31,
(In millions)	2022		2021	2020	2022		2021	2020
Reportable Segments:
North America	$	1,584.1	1,407.1	1,261.4	$	159.1	148.4	91.7
Latin America	1,210.6		1,126.0	1,071.9	277.7		257.3	233.6
Europe	931.4		917.3	753.8	98.4		89.8	51.2
Rest of World	809.4		749.8	603.8	163.9		131.5	117.1
Total reportable segments	4,535.5		4,200.2	3,690.9	699.1		627.0	493.6
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	—	(161.5)		(141.7)	(116.3)
Foreign currency transaction gains (losses)	—		—	—	10.9		2.7	(6.5)
Reconciliation of segment policies to GAAP(a)	—		—	—	1.8		(17.5)	10.5
Other items not allocated to segments:
Reorganization and Restructuring(b)	—		—	—	(38.8)		(43.6)	(66.6)
Acquisitions and dispositions(c)	—		—	—	(86.6)		(71.9)	(83.1)
Argentina highly inflationary impact(d)	—		—	—	(41.7)		(11.9)	(10.7)
Change in allowance estimate(e)	—		—	—	(15.6)		—	—
Ship loss matter(f)	—		—	—	(4.9)		—	—
Chile antitrust matter(g)	—		—	—	(1.4)		(9.5)	—
Internal loss(h)	—		—	—	—		21.1	(6.9)
Reporting compliance(i)	—		—	—	—		—	(0.5)
Total	$	4,535.5	4,200.2	3,690.9	$	361.3	354.7	213.5

(a)This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP.

(b)Management periodically implements restructuring actions in targeted sections of our business. In 2022, management began a restructuring plan across our global business operations to enable growth, reduce costs and related infrastructure, and to mitigate the potential impact of external economic conditions. Due to the unique circumstances around the charges related to these actions, they have not been allocated to segment results.

(c)Certain acquisition-related and disposition-related items that are not considered part of the ongoing activities of the business and are special in nature are consistently excluded from segment results. These items include amortization expense for acquisition-related intangible assets and integration, transaction and restructuring costs related to business acquisitions.

(d)We have designated Argentina's economy as highly inflationary for accounting purposes. Currency remeasurement gains and losses related to peso-denominated monetary assets and liabilities as well as incremental expense related to nonmonetary assets are excluded from segment results.

(e)Represents impact of a change in our methodology to estimate our allowance for doubtful accounts in the first quarter of 2022. See Note 1 and Note 16 for further details.

(f)We have excluded an estimate of our share of costs for damages and losses suffered by a ship owner that was carrying cargo for Brink's.

(g)See details regarding the Chile antitrust matter at Note 23.

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

(i)Costs (primarily third party expenses) related to lease accounting standard implementation. Additional information provided at page 28.


	Years Ended December 31,
(In millions)	2022		2021	2020

Capital Expenditures by Reportable Segment
North America	$	41.4	40.4	27.4
Latin America	50.1		45.0	35.1
Europe	50.5		50.6	33.4
Rest of World	34.4		26.0	16.6
Total reportable segments	176.4		162.0	112.5
Corporate items	6.2		5.9	6.0

Total	$	182.6	167.9	118.5

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	69.1	68.7	62.3
Latin America	49.1		46.2	44.0
Europe	39.6		41.4	32.2
Rest of World	23.6		23.2	20.0
Total reportable segments	181.4		179.5	158.5
Corporate items	8.4		9.7	9.1
Argentina highly inflationary impact	2.9		2.2	1.8
Acquisitions and dispositions	0.1		0.1	1.0
Reorganization and Restructuring	1.0		0.3	1.3
Depreciation and amortization of property and equipment	193.8		191.8	171.7

Amortization of intangible assets(a)	52.0		47.7	35.1
Total	$	245.8	239.5	206.8

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


	December 31,
(In millions)	2022		2021

Assets held by Reportable Segment
North America	$	1,949.9	1,674.2
Latin America	1,180.6		1,018.9
Europe	1,789.9		1,437.8
Rest of World	1,064.8		1,070.6
Total reportable segments	5,985.2		5,201.5
Corporate items	380.8		365.2
Total	$	6,366.0	5,566.7


	December 31,
(In millions)	2022		2021

Long-Lived Assets by Geographic Area(a)
Non-U.S.:
Mexico	$	123.1	116.8
France	89.4		81.6
Brazil	72.5		61.8
United Kingdom	46.0		3.7
Canada	32.9		42.0
Other	270.1		262.1
Subtotal	634.0		568.0
U.S.	301.3		297.6
Total	$	935.3	865.6

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


	Years Ended December 31,
(In millions)	2022		2021	2020

Revenues by Geographic Area(a)
Outside the U.S.:
Mexico	$	452.6	416.1	366.3
France	370.1		373.8	336.7
Brazil	329.9		303.9	315.0
Argentina	203.9		177.5	171.2
Canada	124.5		138.3	129.8
Netherlands	124.3		129.3	97.9
Other	1,470.6		1,392.6	1,142.4
Subtotal	3,075.9		2,931.5	2,559.3
U.S.	1,459.6		1,268.7	1,131.6
Total	$	4,535.5	4,200.2	3,690.9

(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)	2022		2021

Net assets outside the U.S.
Argentina	$	234.5	216.4
Brazil	231.7		218.1
Mexico	206.1		131.6
France	196.7		195.6
Netherlands	151.8		136.8

Other non-U.S. markets	1,207.8		1,184.9
Total	$	2,228.6	2,083.4

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Revenue from contracts with customers - Contract balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract asset current	$ 4.2
Contract asset noncurrent	8.4
Receivables	862.2	$ 701.8
Receivables - increase (decrease)	160.4
Customer Asset	12.6	6.3
Contract Asset - increase (decrease)	6.3
Contract liability	17.0	17.9
Contract Liability - increase (decrease)	(0.9)
Revenue recognized included in beginning balance	14.7
Capitalized costs to obtain contracts	3.7	2.0
Capitalized costs amortization expense	$ 1.3	$ 0.7

Acquisitions and Dispositions - Acquired Entities (Details) - USD ($) $ in Millions				3 Months Ended	12 Months Ended
	Oct. 03, 2022	Jan. 31, 2022	Apr. 01, 2021	Sep. 30, 2022	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 09, 2020	Jul. 18, 2017
Business Acquisition [Line Items]
G4S intercompany payments					$ 139.2		$ 45.1	$ (114.5)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Restricted cash					438.5		376.4
Right-of-use assets, net					314.5		299.1
Goodwill					1,450.9		1,411.7	1,219.2
Transaction Costs					5.6		$ 6.5	19.3
NoteMachine
Business Acquisition [Line Items]
Acquisition date	Oct. 03, 2022
Percentage of shares acquired	100.00%
Annual revenues						$ 150.0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid					178.9
Contingent consideration	$ 14.8
Fair value of purchase consideration	193.7
Cash	6.8
Restricted cash	15.3
Accounts receivables	38.1
Other current assets	14.5
Property and Equipment, net	39.9
Intangible assets	84.2
Goodwill	62.7
Other noncurrent assets	5.1
Current liabilities	(50.2)
Noncurrent liabilities	(22.7)
Fair value of net assets acquired	$ 193.7
NoteMachine \| Europe
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill					61.0
NoteMachine \| North America
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill					2.0
Touchpoint 21 LLC
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Fair value of purchase consideration		$ 15.0
PAI
Business Acquisition [Line Items]
Acquisition date			Apr. 01, 2021
Percentage of shares acquired			100.00%
Annual revenues								$ 94.0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid			$ 215.5
Fair value of purchase consideration			215.5
Cash			12.3
Accounts receivables			7.3
Other current assets			5.5
Property and Equipment, net			14.6
Intangible assets			95.0
Goodwill			126.1		$ 2.0
Other noncurrent assets			4.5
Current liabilities			(41.2)
Noncurrent liabilities			(8.6)
Fair value of net assets acquired			215.5
G4Si
Business Acquisition [Line Items]
Percentage of shares acquired									100.00%
G4S
Business Acquisition [Line Items]
Percentage of shares acquired					100.00%
Annual revenues					$ 800.0
G4S intercompany payments					114.0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid					816.9
Contingent consideration					22.0
Liabilities assumed from seller					2.9
Indemnification assets					(15.9)
Fair value of purchase consideration					825.9
Cash					244.4
Restricted cash					30.1
Accounts receivables					145.8
Other current assets					30.8
Property and Equipment, net					123.8
Right-of-use assets, net					77.5
Intangible assets					207.0
Goodwill					534.1
Other noncurrent assets					16.2
Current liabilities					(296.3)
Lease liability					(68.1)
Noncurrent liabilities					(103.9)
Fair value of net assets acquired					941.4
Fair value of noncontrolling interest					(115.5)
G4S \| Europe
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill					191.0
G4S \| Rest of World
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill					340.0
G4S \| Latin America
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill					$ 3.0
G4S Tranche III
Business Acquisition [Line Items]
Percentage of shares acquired					100.00%
Maco
Business Acquisition [Line Items]
Percentage of shares acquired										100.00%
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Severance Costs				$ 12.5
Customer relationships \| NoteMachine
Business Acquisition [Line Items]
Remaining Amortization Period					13 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			47.0
Customer relationships \| PAI
Business Acquisition [Line Items]
Remaining Amortization Period					10 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			60.0
Customer relationships \| G4S
Business Acquisition [Line Items]
Remaining Amortization Period					15 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets					$ 207.0
Developed technology \| NoteMachine
Business Acquisition [Line Items]
Remaining Amortization Period					12 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			27.0
Developed technology \| PAI
Business Acquisition [Line Items]
Remaining Amortization Period					12 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			26.0
Finite-lived trade names \| NoteMachine
Business Acquisition [Line Items]
Remaining Amortization Period					5 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			10.0
Finite-lived trade names \| PAI
Business Acquisition [Line Items]
Remaining Amortization Period					5 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets			$ 9.0

Income Taxes - Net Operating Losses (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
2023-2027	$ 1.8
2028-2032	1.6
2033 and thereafter	13.9
Unlimited	36.1
Tax benefit of net operating loss carryforwards before valuation allowances	53.4	$ 72.8
Federal
Operating Loss Carryforwards [Line Items]
2023-2027	0.0
2028-2032	0.0
2033 and thereafter	0.0
Unlimited	4.2
Tax benefit of net operating loss carryforwards before valuation allowances	4.2
State
Operating Loss Carryforwards [Line Items]
2023-2027	0.0
2028-2032	0.5
2033 and thereafter	9.7
Unlimited	1.7
Tax benefit of net operating loss carryforwards before valuation allowances	11.9
Foreign
Operating Loss Carryforwards [Line Items]
2023-2027	1.8
2028-2032	1.1
2033 and thereafter	4.2
Unlimited	30.2
Tax benefit of net operating loss carryforwards before valuation allowances	$ 37.3

Retirement Benefits

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Retirement Benefits

Defined-benefit Pension Plans

Summary

We have various defined-benefit pension plans covering eligible current and former employees. Benefits under most plans are based on salary and years of service. There are limits to the amount of benefits which can be paid to participants from a U.S. qualified pension plan. We maintain a nonqualified U.S. plan to pay benefits for those eligible current and former employees in the U.S. whose benefits exceed the regulatory limits Pension benefits provided to eligible U.S. employees were frozen on December 31, 2005.

Components of Net Periodic Pension Cost (Credit)


(In millions)	U.S. Plans				Non-U.S. Plans				Total
Years Ended December 31,	2022		2021	2020	2022		2021	2020	2022		2021	2020

Service cost	$	—	—	—	$	8.1	9.1	9.7	$	8.1	9.1	9.7
Interest cost on projected benefit obligation	22.9		21.1	26.7	13.1		12.1	11.6	36.0		33.2	38.3
Return on assets – expected	(48.7)		(47.4)	(46.2)	(12.7)		(12.4)	(12.1)	(61.4)		(59.8)	(58.3)
Amortization of losses	24.2		34.0	28.6	2.0		6.6	5.1	26.2		40.6	33.7

Curtailment gain	—		—	—	(0.5)		(0.8)	(1.5)	(0.5)		(0.8)	(1.5)
Settlement loss(a)	—		—	—	3.2		3.3	2.4	3.2		3.3	2.4
Net periodic pension cost (credit)	$	(1.6)	7.7	9.1	$	13.2	17.9	15.2	$	11.6	25.6	24.3

(a)Settlement losses outside the U.S. in 2022 and 2021 relate primarily to lump-sum payouts in Canada as well as terminated employees that participate in a Mexican severance indemnity program that is accounted for as a defined benefit plan. Settlement losses outside the U.S. in 2020 relate primarily to terminated employees that participate in a Mexican severance indemnity program that is accounted for as a defined benefit plan.

The components of net periodic pension cost other than the service cost component are included in interest and other nonoperating income (expense) in the consolidated statements of operations.

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,	2022		2021	2022	2021	2022	2021

Benefit obligation at beginning of year	$	839.5	908.0	492.2	519.8	1,331.7	1,427.8
Service cost	—		—	8.1	9.1	8.1	9.1
Interest cost	22.9		21.1	13.1	12.1	36.0	33.2
Participant contributions	—		—	0.3	0.4	0.3	0.4
Plan amendments	—		—	0.1	(0.7)	0.1	(0.7)
Plan combinations	—		—	0.9	7.6	0.9	7.6
Acquisitions	—		—	—	5.9	—	5.9
Curtailments	—		—	(0.4)	(1.1)	(0.4)	(1.1)
Settlements	—		—	(10.8)	(14.0)	(10.8)	(14.0)
Benefits paid	(45.0)		(46.9)	(16.1)	(13.8)	(61.1)	(60.7)

Actuarial gains	(190.2)		(42.7)	(127.3)	(16.9)	(317.5)	(59.6)
Foreign currency exchange effects	—		—	(25.4)	(16.2)	(25.4)	(16.2)
Benefit obligation at end of year	$	627.2	839.5	334.7	492.2	961.9	1,331.7

Fair value of plan assets at beginning of year	$	764.8	747.1	360.3	355.8	1,125.1	1,102.9
Return on assets – actual	(124.1)		63.9	(81.1)	22.8	(205.2)	86.7
Participant contributions	—		—	0.3	0.4	0.3	0.4

Plan combinations	—		—	0.9	5.0	0.9	5.0
Employer contributions	0.6		0.7	14.7	12.5	15.3	13.2

Settlements	—		—	(10.8)	(14.0)	(10.8)	(14.0)
Benefits paid	(45.0)		(46.9)	(16.1)	(13.8)	(61.1)	(60.7)

Foreign currency exchange effects	—		—	(22.7)	(8.4)	(22.7)	(8.4)
Fair value of plan assets at end of year	$	596.3	764.8	245.5	360.3	841.8	1,125.1

Funded status	$	(30.9)	(74.7)	(89.2)	(131.9)	(120.1)	(206.6)

Included in:
Noncurrent asset	$	—	—	17.7	18.4	17.7	18.4
Current liability, included in accrued liabilities	0.7		0.6	6.1	5.1	6.8	5.7
Noncurrent liability	30.2		74.1	100.8	145.2	131.0	219.3
Net pension liability	$	30.9	74.7	89.2	131.9	120.1	206.6

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,	2022		2021	2022	2021	2022	2021

Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(228.3)	(321.5)	(61.3)	(82.4)	(289.6)	(403.9)
Net actuarial gains arising during the year	17.4		59.2	33.5	10.5	50.9	69.7
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	24.2		34.0	5.2	9.9	29.4	43.9
Foreign currency exchange effects	—		—	3.7	0.7	3.7	0.7
End of year	$	(186.7)	(228.3)	(18.9)	(61.3)	(205.6)	(289.6)

Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year	$	—	—	0.1	(0.6)	0.1	(0.6)
Prior service credit (cost) from plan amendments during the year	—		—	(0.1)	0.7	(0.1)	0.7

Foreign currency exchange effects	—		—	(0.1)	—	(0.1)	—
End of year	$	—	—	(0.1)	0.1	(0.1)	0.1

U.S. Plans

The net actuarial gains of $17.4 million in 2022 and gains of $59.2 million in 2021 were mainly driven by changes in the primary U.S. pension plan. The 2022 net actuarial gains arose primarily from a higher discount rate at the end of the year ($193 million), which was largely offset by lower actual return on assets than expected ($173 million). The 2021 net actuarial gains arose from a higher discount rate at the end of the year ($41 million) and higher actual return on assets than expected ($17 million).

Non-U.S. Plans

The net actuarial gains of $33.5 million in 2022 were primarily due to higher discount rates at the end of the year ($133 million), largely offset by actual return on assets being lower than expected ($94 million). The net actuarial gains of $10.5 million in 2021 were primarily due to actual return on assets being higher than expected ($10 million).

Information Comparing Plan Assets to Plan Obligations

Information comparing plan assets to plan obligations as of December 31, 2022 and 2021 are aggregated below. The accumulated benefit obligation (“ABO”) differs from the PBO in that the ABO is based on the benefit earned through the date noted. The PBO includes assumptions about future compensation levels for plans that have not been frozen. The total ABO for our U.S. pension plans was $627.2 million in 2022 and $839.5 million in 2021. The total ABO for our Non-U.S. pension plans was $304.2 million in 2022 and $448.2 million in 2021.


(In millions)	U.S. Plans			Non-U.S. Plans		Total
December 31,	2022		2021	2022	2021	2022	2021

Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	$	596.3	764.8	84.9	125.9	681.2	890.7
Accumulated benefit obligation	627.2		839.5	171.0	249.8	798.2	1,089.3
Projected benefit obligation	627.2		839.5	191.1	276.2	818.3	1,115.7

Assumptions

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
	2022		2021		2020		2022		2021		2020

Discount rate:
Pension cost	2.8	%	2.4	%	3.3	%	2.8	%	2.3	%	3.2	%
Benefit obligation at year end	5.4	%	2.8	%	2.4	%	5.4	%	2.8	%	2.3	%

Expected return on assets – pension cost	7.00	%	7.00	%	7.00	%	3.76	%	3.55	%	3.28	%

Average rate of increase in salaries(a):
Pension cost	N/A		N/A		N/A		1.6	%	1.9	%	2.6	%
Benefit obligation at year end	N/A		N/A		N/A		1.9	%	1.6	%	1.9	%

(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.

Mortality Tables for our U.S. Retirement Benefits

We use the Society of Actuaries base mortality tables for private sector plans, Pri-2012, and the Mercer modified MP-2021 projection scale, with a Blue Collar adjustment factor for the majority of our U.S. retirement plans and a White Collar adjustment factor for our nonqualified U.S. pension plan.

Estimated Future Cash Flows

Estimated Future Contributions from the Company into Plan Assets

Our policy is to fund at least the minimum actuarially determined amounts required by applicable regulations. We do not expect to make contributions to our primary U.S. pension plan in 2023. We expect to contribute $8.1 million to our non-U.S. pension plans and $0.6 million to our nonqualified U.S. pension plan in 2023.

Estimated Future Benefit Payments from Plan Assets to Beneficiaries

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2022, are as follows:


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

2023	$	48.8	18.8	67.6
2024	48.7		18.1	66.8
2025	48.6		18.8	67.4
2026	48.5		20.6	69.1
2027	48.2		21.6	69.8
2028 through 2032	231.7		136.7	368.4

Retirement Benefits Other than Pensions

Summary

We provide retirement healthcare benefits for eligible current and former U.S., Canadian, and Brazilian employees. Retirement benefits related to our former U.S. coal operation include medical benefits provided by the Pittston Coal Group Companies Employee Benefit Plan for UMWA Represented Employees (the “UMWA plans”) as well as costs related to black lung obligations.

Components of Net Periodic Postretirement Cost

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,	2022		2021	2020	2022		2021	2020	2022		2021	2020

Service cost	$	—	—	—	$	0.1	0.1	0.1	$	0.1	0.1	0.1
Interest cost on APBO	10.3		9.8	12.7	3.7		3.2	3.8	14.0		13.0	16.5
Return on assets – expected	(13.2)		(12.3)	(13.0)	—		—	—	(13.2)		(12.3)	(13.0)
Amortization of losses	10.0		17.5	16.5	7.3		9.0	8.3	17.3		26.5	24.8
Amortization of prior service credit	(4.6)		(4.7)	(4.7)	(0.3)		(0.3)	(0.3)	(4.9)		(5.0)	(5.0)

Net periodic postretirement cost	$	2.5	10.3	11.5	$	10.8	12.0	11.9	$	13.3	22.3	23.4

The components of net periodic postretirement cost other than the service cost component are included in interest and other nonoperating income (expense) in the consolidated statements of operations.

Obligations and Funded Status

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,	2022		2021	2022	2021	2022	2021

APBO at beginning of year	$	397.4	440.1	113.0	117.9	510.4	558.0
Service cost	—		—	0.1	0.1	0.1	0.1
Interest cost	10.3		9.8	3.7	3.2	14.0	13.0
Plan amendments	(66.7)		—	—	—	(66.7)	—


Benefits paid	(20.3)		(22.9)	(9.0)	(8.1)	(29.3)	(31.0)

Actuarial (gains) losses, net	(86.8)		(29.6)	(18.9)	0.6	(105.7)	(29.0)
Foreign currency exchange effects	—		—	0.3	(0.7)	0.3	(0.7)
APBO at end of year	$	233.9	397.4	89.2	113.0	323.1	510.4

Fair value of plan assets at beginning of year	$	178.0	168.0	—	—	178.0	168.0
Return on assets – actual	(15.1)		32.9	—	—	(15.1)	32.9
Employer contributions	—		—	9.0	8.1	9.0	8.1
Net transfers from plan assets	(3.6)		—	—	—	(3.6)	—
Benefits paid	(20.3)		(22.9)	(9.0)	(8.1)	(29.3)	(31.0)

Fair value of plan assets at end of year	$	139.0	178.0	—	—	139.0	178.0

Funded status	$	(94.9)	(219.4)	(89.2)	(113.0)	(184.1)	(332.4)

Included in:
Current, included in accrued liabilities	$	—	—	9.6	10.2	9.6	10.2
Noncurrent	94.9		219.4	79.6	102.8	174.5	322.2
Retirement benefits other than pension liability	$	94.9	219.4	89.2	113.0	184.1	332.4

Other Changes in Plan Assets and Benefit 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,	2022		2021	2022	2021	2022	2021

Benefit plan net actuarial gain (loss) recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(162.4)	(230.1)	(71.6)	(80.3)	(234.0)	(310.4)
Net actuarial gains (losses) arising during the year	58.5		50.2	18.9	(0.6)	77.4	49.6
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	10.0		17.5	7.3	9.0	17.3	26.5
Foreign currency exchange effects	—		—	(0.1)	0.3	(0.1)	0.3
End of year	$	(93.9)	(162.4)	(45.5)	(71.6)	(139.4)	(234.0)

Benefit plan prior service (cost) credit recognized in accumulated other comprehensive income (loss):
Beginning of year	$	18.6	23.3	0.6	0.9	19.2	24.2
Prior service credit from plan amendments during the year	66.7		—	—	—	66.7	—
Reclassification adjustment for amortization or curtailment of prior service cost included in net income (loss)	(4.6)		(4.7)	(0.3)	(0.3)	(4.9)	(5.0)
Foreign currency exchange effects	—		—	—	—	—	—
End of year	$	80.7	18.6	0.3	0.6	81.0	19.2

UMWA Plans

The net actuarial gains of $58.5 million in 2022 arose primarily due to a higher discount rate at the end of the year ($78 million) and favorable medical claims experience ($12 million). This was partially offset by lower actual return on assets than expected ($28 million) and updates to the UMWA census data ($12 million). We recognized a prior service credit in 2022 associated with UMWA obligations due to a plan amendment that changed the medical plan to a group Medicare Advantage plan ($67 million), which reduced future expected net per capita claims costs. The net actuarial gains of $50.2 million in 2021 arose primarily due to a higher discount rate at the end of the year ($23 million), higher actual return on assets than expected ($21 million) and favorable medical claims experience ($9 million).

Black Lung and Other Plans

We recognized net actuarial gains of $18.9 million in 2022. This was primarily due to a higher discount rate compared to the prior period ($18 million). We recognized net actuarial losses of $0.6 million in 2021. This was primarily due to updates to the black lung census data ($10 million), largely offset by a higher discount rate compared to the prior period ($4 million), and favorable medical claims experience ($4 million).

Assumptions

See Mortality Tables for our U.S. Retirement Benefits on page 86 for a description of the mortality assumptions.

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


	2022		2021		2020

Weighted-average discount rate:
Postretirement cost:
UMWA plans	2.8	%	2.3	%	3.2	%
Black lung	2.7	%	2.2	%	3.1	%
Weighted-average	2.9	%	2.4	%	3.3	%
Benefit obligation at year end:
UMWA plans	5.4	%	2.8	%	2.3	%
Black lung	5.4	%	2.7	%	2.2	%
Weighted-average	5.6	%	2.9	%	2.4	%
Expected return on assets	8.00	%	8.00	%	8.00	%

Healthcare Cost Trend Rates

For UMWA plans, the assumed healthcare cost trend rate used to compute the 2022 APBO is 7.0% for 2023, declining to 5.0% in 2031 and thereafter (in 2021: 5.8% for 2022 declining to 5.0% in 2030 and thereafter). For the black lung obligation, the assumed healthcare cost trend rate used to compute the 2022 APBO was 5.0%. Other plans in the U.S. provide for fixed-dollar value coverage for eligible participants and, accordingly, are not adjusted for inflation.

For the Canadian plan, the assumed healthcare cost trend rate used to compute the 2022 APBO is 7.0% for 2023, declining to 5.0% in 2031. For the Brazilian plan, the assumed healthcare cost trend rate used to compute the 2022 APBO is 4.8%.

We provide healthcare benefits to our UMWA retirees who are eligible for the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (the “Medicare Act”) subsidy reimbursement under an employer group waiver plan (“EGWP”). Under this arrangement, a government approved health insurance provider receives the Medicare Act subsidy reimbursement on our behalf and passes these savings to us. Additionally, by providing healthcare benefits under an EGWP, we are able to benefit from the mandatory 50% discount that pharmaceutical companies must provide for Medicare Act-eligible prescription drugs.

In 2022, we amended our UWMA plans by transferring the majority of our retirees from a self-insured medical plan to a fully insured group Medicare Advantage plan starting in 2023. As a result, we updated our claims assumption for the plan amendment as of December 31, 2022, which reduced our obligation by $66.7 million and was recognized as a prior service credit as of December 31, 2022.

Cash Flows

Estimated Contributions from the Company to Plan Assets

Based on the funded status and assumptions at December 31, 2022, we expect the Company to contribute $9.6 million in cash to the plans to pay 2023 beneficiary payments for black lung and other plans. We do not expect to contribute cash to our UMWA plans in 2023 since we believe these plans have sufficient amounts held in trust to pay for beneficiary payments until 2033 based on actuarial assumptions. Our UMWA plans are not covered by ERISA or other funding laws or regulations that require these plans to meet funding ratios.

Estimated Future Benefit Payments from Plan Assets to Beneficiaries

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2022, are as follows:


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

2023	$	20.0	9.6	29.6
2024	19.9		9.0	28.9
2025	19.8		8.4	28.2
2026	19.6		7.8	27.4
2027	19.5		7.3	26.8
2028 through 2032	92.8		30.7	123.5

Retirement Plan Assets

U.S. Plans


		December 31, 2022				December 31, 2021
(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	—	—	3.9	—	—
Equity securities:
U.S. large-cap(a)	1	90.2		15	16	150.4	20	20
U.S. small/mid-cap(a)	1	27.9		5	5	52.4	7	7
International(a)	1	99.2		17	17	162.5	21	22
Emerging markets(b)	1	11.5		2	2	29.0	4	4
Dynamic asset allocation(c)	1	28.1		5	5	52.5	7	7

Fixed-income securities:
Long duration - mutual fund(d)	1	189.4		44	45	186.7	29	30
Long duration - Treasury strips(d)	2	74.9				38.3


Other types of investments:

Core property(g) (l)		36.2		6	5	43.7	6	5
Structured credit(h) (l)		35.1		6	5	45.4	6	5
Total		$	596.3	100	100	764.8	100	100

UMWA Plans
Cash, cash equivalents and receivables		$	0.2	—	—	—	—	—
Equity securities:
U.S. large-cap(a)	1	25.6		18	22	32.8	18	19
U.S. small/mid-cap(a)	1	10.0		7	10	13.8	8	8
International(a)	1	28.2		20	24	40.4	23	24
Emerging markets(b)	1	4.9		4	4	6.7	4	4
Dynamic asset allocation(c)	1	8.5		6	7	12.1	7	7
Fixed-income securities:
High yield(e)	1	2.4		2	2	3.5	2	2
Emerging markets(f)	1	5.0		4	4	6.7	4	4
Multi asset real return(i)	1	6.1		4	5	8.6	5	5
Other types of investments:

Core property(g) (l)		20.6		15	10	16.6	9	10
Structured credit(h) (l)		12.8		9	5	13.1	7	5
Global private equity(j) (l)		11.9		9	7	13.9	8	7
Energy debt(k) (l)		2.8		2	—	9.8	5	5
Total		$	139.0	100	100	178.0	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 ASC 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.

Assets of our U.S. plans are invested with an objective of maximizing the total return, taking into consideration the liabilities of the plan, and minimizing the risks that could create the need for excessive contributions. Plan assets are invested primarily using actively managed

accounts with asset allocation targets listed in the tables above. Our policy does not permit the purchase of Brink’s common stock if immediately after any such purchase the aggregate fair market value of the plan assets invested in Brink’s common stock exceeds 10% of the aggregate fair market value of the assets of the plan, except as permitted by an exemption under ERISA. The plans rebalance their assets on a quarterly basis if actual allocations of assets are outside predetermined ranges. Among other factors, the performance of asset groups and investment managers will affect the long-term rate of return.

In 2018, the UMWA plans re-locked their energy debt investment for another three years, which expired in 2022. We did not re-lock the energy debt investment as the fund will be liquidated in 2023.

The global private equity investment cannot be redeemed due to the nature of the underlying investments. As the global private equity investment matures and becomes fully invested, liquidating distributions will be provided back to investors. We expect to receive liquidating distributions over the stated life of the underlying investments. We have $4 million in unfunded commitments related to the global private equity investment.

Most of the investments of our U.S. retirement plans can be redeemed daily. The structured credit investments can be redeemed quarterly with 65 days’ notice. The core property fund investment can be redeemed quarterly with 95 days’ notice.

We believe all plans have sufficient liquidity to meet the needs of the plans' beneficiaries in all market scenarios.

Non-U.S. Plans


	December 31, 2022				December 31, 2021
(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	$	0.7	—	—	0.8	—	—
Equity securities:
U.S. equity funds(a)	9.6				22.8
Canadian equity funds(a)	3.6				9.6
European equity funds(a)	1.4				4.5


Other global equity funds(a)	15.4				38.5
Total equity securities	30.0		12	13	75.4	21	18
Fixed-income securities:

Canadian fixed-income securities(b)	42.0				71.5
European fixed-income funds(c)	11.0				9.8
High-yield(d)	0.7				2.0
Emerging markets(e)	0.7				2.1
Long-duration(f)	59.5				63.9
Total fixed-income securities	113.9		47	47	149.3	42	44
Other types of investments:
Guaranteed contract value(g)	75.8		31	33	109.7	30	32


Property funds(h)	9.6		10	7	9.4	7	6
Global infrastructure fund(i)	6.8				9.7
Other	8.7				6.0
Total other types of investments	100.9				134.8
Total	$	245.5	100	100	360.3	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 Composite 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 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 Canadian-dollar denominated zero-coupon securities issued by the Canadian Federal and Provincial governments, and agencies thereof.

(c)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.

(d)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.

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

(f)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.

(g)This represents the guaranteed contract value of insurance contracts in the Netherlands pension plan.

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

(i)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.

Asset allocation strategies for our non-U.S. plans are designed to accumulate a diversified portfolio among markets and asset classes in order to reduce market risk and increase the likelihood that pension assets are available to pay benefits as they are due. Assets of non-U.S. pension plans are invested primarily using actively managed accounts. The weighted-average asset allocation targets are listed in the table above, and

reflect limitations on types of investments held and allocations among assets classes, as required by local regulation or market practice of the country where the assets are invested. Most of the investments of our non-U.S. retirement plans can be redeemed at least monthly, except for a portion of “Other” in the above table, which can be redeemed quarterly.

Non-U.S. Plans - Fair Value Measurements


(In millions)	December 31, 2022		December 31, 2021

Quoted prices in active markets for identical assets (Level 1)	$	88.2	119.0
Significant other observable inputs (Level 2)	45.3		75.7
Guaranteed contract value (Level 3)(a)	75.8		109.7
Other insurance contract value (Level 3)(b)	2.7		3.0
Net asset value per share practical expedient(c)	33.5		52.9
Total fair value	$	245.5	360.3

(a)In 2020, we acquired operations in the Netherlands as part of the U.K.-based G4S plc ("G4S") acquisition. As a result, we acquired insurance contract assets related to the Netherlands pension plan. These investments are valued at the highest value available at year end, either the reported cash surrender value of the contract or the vested benefit obligation ("VBO"). The VBO for a defined benefit pension plan is the actuarial present value of the vested benefits to which the employee is currently entitled but based on the employee's expected date of separation or retirement. Both the cash surrender value and the VBO are determined based on unobservable inputs, which are contractually or actuarially determined, regarding returns, fees, the present value of the future cash flows of the contract and benefit obligations. The contract is classified as a Level 3 investment.

(b)In 2021, our Belgium plans invested in a traditional group insurance policy, where assets are invested in the insurers' main fund with a minimum guaranteed rate. The contracts are valued based on the weighted average return of each individual insured contract. The contract value is determined based on unobservable inputs.. The contract is classified as a Level 3 investment.

(c)In accordance with ASC 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.

Savings Plans

We sponsor various defined contribution plans to help eligible employees provide for retirement. We record expense for amounts that we contribute on behalf of employees, usually in the form of matching contributions. Prior to April 1, 2020, we matched the first 2% of employees’ eligible contributions to our U.S. 401(k) plan. In April 2020, we temporarily suspended matching contributions. Effective January 1, 2021, the plan reinstated the Company-matching contribution to match the first 2% of employees' eligible contributions to our U.S. 401(k) plan. Our matching contribution expense is as follows:


(In millions)
Years Ended December 31,	2022		2021	2020

U.S. 401(K)	$	7.6	6.5	2.0
Other plans	11.5		12.6	9.9
Total	$	19.1	19.1	11.9

The entire disclosure for retirement benefits.

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Other Income and Expenses [Abstract]

Other Operating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2022

Interest and Other Income

Other Operating Income (Expense)


	Years Ended December 31,
(In millions)	2022		2021	2020

Foreign currency items:
Transaction losses(a)	$	(68.7)	(30.5)	(11.2)
Derivative instrument gains (losses)	42.0		24.2	(3.0)
Royalty income	9.1		5.6	4.8
Impairment losses	(9.0)		(9.5)	(11.6)
Indemnification asset adjustments(b)	(7.8)		—	—
Gains on sale of property and other assets	2.7		—	0.9

Share in earnings of equity method affiliates	2.1		1.1	0.8

Insurance recoveries - Internal Loss(c)	—		18.8	—
Gains related to litigation(d)	—		4.4	—
Indemnity for forced relocation(e)	—		1.7	—
Other	4.3		4.2	3.7
Other operating income (expense)	$	(25.3)	20.0	(15.6)

(a)Includes remeasurement losses in Argentina of $37.6 million in 2022, $9.0 million in 2021 and $7.7 million in 2020 related to highly inflationary accounting.

(b)Post-acquisition adjustments to indemnification assets recognized in previous business acquisitions.

(c)See details of the Internal Loss at Note 1.

(d)Gains recognized in the fourth quarter of 2021 in our Romanian operations related to favorable outcome of customer-related litigation.

(e)Indemnity received from the city of Paris to compensate for the forced relocation from a branch facility.

Other Operating Income (Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Effect of Fourth Quarter Events [Line Items]
Foreign currency transaction gains (losses)	$ (68.7)	$ (30.5)	$ (11.2)
Derivative instrument gains (losses)	42.0	24.2	(3.0)
Royalty Income	9.1	5.6	4.8
Impairment losses	(9.0)	(9.5)	(11.6)
Indemnification asset adjustments	(7.8)
Gains on sale of property and other assets	2.7	0.0	0.9
Share in earnings of equity method affiliates	2.1	1.1	0.8
Insurance Recoveries	0.0	18.8	0.0
Gain on favorable litigation settlement	0.0	4.4
Indemnity for forced relocation	0.0	1.7
Other	4.3	4.2	3.7
Other operating income (expense)	(25.3)	20.0	(15.6)
ARGENTINA \| Argentina, Pesos
Effect of Fourth Quarter Events [Line Items]
Foreign currency transaction gains (losses)			10.4
Currency remeasurement gain (loss)	$ (37.6)	$ (9.0)	$ (7.7)

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

We lease facilities, vehicles, certain DRS devices (including CompuSafe® units), ATMs, 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 certain DRS devices (including 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:


		December 31,
(In millions)	Balance sheet classification	2022		2021
Assets:
Operating lease assets	Right-of-use assets, net	$	314.5	$	299.1
Finance lease assets	Property and equipment, net	217.9		206.5
Total leased assets		$	532.4	$	505.6

Liabilities:
Current:
Operating	Accrued liabilities	$	74.7	$	77.3
Financing	Current maturities of long-term debt	43.0		43.0
Noncurrent:
Operating	Lease liabilities	249.9		241.8
Financing	Long-term debt	149.2		135.5
Total lease liabilities		$	516.8	$	497.6

The components of lease expense were as follows:


	Years Ended December 31,
(In millions)	2022		2021		2020

Operating lease cost(a)	$	133.6	$	149.4	$	131.4
Short-term lease cost	28.9		21.2		18.9
Finance lease cost:
Amortization of related assets	37.9		38.3		28.2
Interest on related liabilities	10.1		9.5		7.1
Total lease cost	$	210.5	$	218.4	$	185.6

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

Other information related to leases was as follows:


	Years Ended December 31,
(In millions, except for lease term and discount rate)	2022			2021			2020

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	106.1		$	96.5		$	100.4
Operating cash flows from finance leases	10.1			9.5			7.1
Financing cash flows from finance leases	48.2			43.0			34.8
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	101.0			54.0			123.6
Finance leases	65.7			85.9			37.9

Weighted Average Remaining Lease Term

Operating leases	6.3 years			6.7 years			7.2 years
Finance leases	4.7 years			4.8 years			4.5 years

Weighted Average Discount Rate

Operating leases	6.5		%	6.4		%	6.6		%
Finance leases	5.5		%	4.4		%	4.9		%

As of December 31, 2022, 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

2023	$	66.6	10.0		14.7	91.3
2024	59.0		4.7		11.4	75.1
2025	47.7		2.7		6.7	57.1
2026	39.3		1.3		4.5	45.1
2027	30.8		0.6		1.9	33.3
Later years	100.9		0.9		—	101.8
Total Lease Payments	$	344.3	20.2		39.2	403.7
Less: Interest	73.8		1.5		3.8	79.1
Present value of lease liabilities	$	270.5	$	18.7	35.4	324.6

As of December 31, 2022, minimum repayments of long-term debt under financing leases were as follows:


(In millions)

2023	$	43.0
2024	45.3
2025	36.6
2026	28.2
2027	15.9
Later years	23.2
Total	$	192.2

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2022

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)

2022

Amounts attributable to Brink's:
Benefit plan adjustments	$	197.3	(45.4)	41.5	(10.1)	183.3
Foreign currency translation adjustments(b)	(6.5)		2.7	(5.8)	1.4	(8.2)
Unrealized gains (losses) on available-for-sale securities	(1.2)		0.5	0.3	(0.1)	(0.5)
Gains (losses) on cash flow hedges	25.2		(0.8)	12.4	(4.1)	32.7
	214.8		(43.0)	48.4	(12.9)	207.3

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	0.4		—	—	—	0.4
Foreign currency translation adjustments	(6.7)		—	—	—	(6.7)
	(6.3)		—	—	—	(6.3)

Total
Benefit plan adjustments(a)	197.7		(45.4)	41.5	(10.1)	183.7
Foreign currency translation adjustments(b)	(13.2)		2.7	(5.8)	1.4	(14.9)
Unrealized gains (losses) on available-for-sale securities(c)	(1.2)		0.5	0.3	(0.1)	(0.5)
Gains (losses) on cash flow hedges(d)	25.2		(0.8)	12.4	(4.1)	32.7
	$	208.5	(43.0)	48.4	(12.9)	201.0

2021

Amounts attributable to Brink's:
Benefit plan adjustments	$	120.5	(28.0)	64.6	(16.3)	140.8
Foreign currency translation adjustments	(52.6)		(6.8)	(4.1)	1.0	(62.5)
Unrealized gains (losses) on available-for-sale securities	(0.1)		—	—	—	(0.1)
Gains (losses) on cash flow hedges	8.1		(2.5)	11.0	(2.7)	13.9
	75.9		(37.3)	71.5	(18.0)	92.1

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.4)		—	—	—	(0.4)
Foreign currency translation adjustments	(2.2)		—	—	—	(2.2)
	(2.6)		—	—	—	(2.6)

Total
Benefit plan adjustments(a)	120.1		(28.0)	64.6	(16.3)	140.4
Foreign currency translation adjustments(b)	(54.8)		(6.8)	(4.1)	1.0	(64.7)
Unrealized gains (losses) on available-for-sale securities(c)	(0.1)		—	—	—	(0.1)
Gains (losses) on cash flow hedges(d)	8.1		(2.5)	11.0	(2.7)	13.9
	$	73.3	(37.3)	71.5	(18.0)	89.5

See page 101 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)

2020

Amounts attributable to Brink's:
Benefit plan adjustments	$	(98.5)	22.7	56.7	(12.7)	(31.8)
Foreign currency translation adjustments	19.6		—	—	—	19.6

Gains (losses) on cash flow hedges	1.1		(2.5)	(12.3)	4.9	(8.8)
	(77.8)		20.2	44.4	(7.8)	(21.0)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	0.2		—	—	—	0.2
Foreign currency translation adjustments	4.6		—	—	—	4.6
	4.8		—	—	—	4.8

Total
Benefit plan adjustments(a)	(98.3)		22.7	56.7	(12.7)	(31.6)
Foreign currency translation adjustments(b)	24.2		—	—	—	24.2

Gains (losses) on cash flow hedges(d)	1.1		(2.5)	(12.3)	4.9	(8.8)
	$	(73.0)	20.2	44.4	(7.8)	(16.2)

(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)	2022		2021	2020

Total net periodic retirement benefit cost included in:
Cost of revenues	$	6.3	7.2	7.7
Selling, general and administrative expenses	1.9		2.0	2.1
Interest and other nonoperating income (expense)	16.7		38.7	37.9

(b)2022 foreign currency translation adjustment amounts reflect primarily the devaluation of the British pound and the Chilean peso, partially offset by appreciation of the Mexican peso and the Brazilian real. 2021 foreign currency translation adjustment amounts reflect primarily the devaluation of the euro, the Chilean peso, the Brazilian real and the Mexican peso. 2020 foreign currency translation adjustment amounts reflect primarily the appreciation of the euro and various currencies related to the G4S acquisition, partially offset by the devaluation of the Brazilian real, the Mexican peso and the Colombian peso.

(c)Gains and losses on sales of available-for-sale debt securities are reclassified from accumulated other comprehensive income (loss) to the consolidated statements of operations when the gains or losses are realized. Pretax amounts are classified in the consolidated statements of operations as interest and other income (expense).

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

•other operating income (expense) ($8.9 million loss in 2022, $0.1 million gain in 2021 and $22.1 million gain in 2020.)

•interest expense ($3.5 million of expense in 2022, $11.1 million of expense in 2021 and $9.8 million in 2020.)

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, 2019	$	(583.0)	(382.8)	—	(13.2)	(979.0)
Other comprehensive income (loss) before reclassifications	(75.8)		19.6	—	(1.4)	(57.6)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	44.0		—	—	(7.4)	36.6
Other comprehensive income (loss) attributable to Brink's	(31.8)		19.6	—	(8.8)	(21.0)


Balance as of December 31, 2020	(614.8)		(363.2)	—	(22.0)	(1,000.0)
Other comprehensive income (loss) before reclassifications	92.5		(59.4)	(0.1)	5.6	38.6
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	48.3		(3.1)	—	8.3	53.5
Other comprehensive income (loss) attributable to Brink's	140.8		(62.5)	(0.1)	13.9	92.1


Balance as of December 31, 2021	(474.0)		(425.7)	(0.1)	(8.1)	(907.9)
Other comprehensive income (loss) before reclassifications	151.9		(3.8)	(0.7)	24.4	171.8
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	31.4		(4.4)	0.2	8.3	35.5
Other comprehensive income (loss) attributable to Brink's	183.3		(8.2)	(0.5)	32.7	207.3

Acquisitions of noncontrolling interests	—		0.1	—	—	0.1
Balance as of December 31, 2022	$	(290.7)	(433.8)	(0.6)	24.6	(700.5)

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Investments in Marketable Securities

We have investments in mutual funds, equity securities and available for sale debt securities that are carried at fair value in the financial statements and are included in other assets on the consolidated balance sheet. 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 material fixed-rate debt, excluding any unamortized debt issuance costs, are as follows:


	December 31,
(In millions)	2022		2021

$600 million Senior unsecured notes
Carrying value	$	600.0	600.0
Fair value	528.7		625.7

$400 million Senior unsecured notes
Carrying value	$	400.0	400.0
Fair value	369.0		414.8

Pricing inputs for nonpublic debt are often not observable. The fair value estimates of our senior notes reflect unobservable estimates and assumptions, which we have categorized as a Level 3 valuation. Our fair value estimates were based on the present value of future cash flows, discounted at rates for public debt at the measurement date. The rates for public debt were additionally adjusted for a factor which represented the change in the interest spreads between the inception rates and the public debt rates at the measurement date.

Forward and Swap Contracts

We have outstanding foreign currency forward and swap contracts to hedge transactional risks associated with foreign currencies. At December 31, 2022, the notional value of our outstanding foreign currency forward and swap contracts was $575 million, with average maturities of approximately one month. These foreign currency forward and swap contracts primarily offset exposures in the euro and the Mexican peso and are not designated as hedges for accounting purposes. Accordingly, changes in their fair value are recorded immediately in earnings.

At December 31, 2022, the fair value of our short term foreign currency contracts was a net liability of approximately $7.0 million, of which $3.5 million was included in prepaid expenses and other and $10.5 million was included in accrued liabilities on the consolidated balance sheet. At December 31, 2021, the fair value of these foreign currency contracts was a net asset of approximately $1.9 million, of which $3.4 million was included in prepaid expenses and other and $1.5 million was included in accrued liabilities on the consolidated balance sheet.

Amounts under these contracts were recognized in other operating income (expense) as follows:


	Twelve Months Ended December 31,
(In millions)	2022		2021	2020

Derivative instrument gains (losses) included in other operating income (expense)	$	42.0	24.2	(3.0)

Derivative instrument losses included in other nonoperating income (expense)(a)	—		—	(7.0)

(a)Represents net losses on foreign currency forward contracts related to acquisitions of business operations from G4S in 2020.

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. Accordingly, changes in the fair value of the cash flow hedge are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We immediately reclassify from accumulated other comprehensive income (loss) to earnings an amount to offset the remeasurement recognized in earnings associated with the respective intercompany loan. Additionally, we reclassify amounts from accumulated other comprehensive income (loss) to interest expense amounts that are associated with the interest rate differential between a U.S. dollar denominated intercompany loan and a Brazilian real denominated intercompany loan.

At December 31, 2022, the notional value of this long term contract was $53 million with a weighted-average maturity of 0.6 years. At December 31, 2022, the fair value of the long term cross currency swap contract was an asset of $14.6 million and was included in prepaid expenses and other on the consolidated balance sheet. At December 31, 2021, the fair value of the long term cross currency swap contract was a $26.3 million net asset, of which a $5.8 million asset is included in prepaid expenses and other and a $20.5 million asset is included in other assets on the consolidated balance sheet.

Amounts under this contract were recognized in other operating income (expense) to offset transaction gains or losses and in interest expense as follows:


	Twelve Months Ended December 31,
(In millions)	2022		2021	2020

Derivative instrument gains included in other operating income (expense)	$	(8.9)	0.2	22.1

Offsetting transaction gains	8.9		(0.2)	(22.1)

Derivative instrument losses included in interest expense	(1.3)		(1.3)	(1.9)

Net derivative instrument gains (losses)	(10.2)		(1.1)	20.2

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. Accordingly, changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings in the same periods that the hedged debt affects earnings.

At December 31, 2022, the notional value of these contracts was $400 million with a remaining weighted-average maturity of 0.6 years. At December 31, 2022, the fair value of these interest rate swaps was a net asset of $10.0 million, of which $9.3 million was included in prepaid expenses and other and $0.7 million was included in other assets on the consolidated balance sheet. At December 31, 2021, the fair value of these interest rate swaps was a net liability of $13.9 million, of which $8.3 million was included in accrued liabilities and $5.6 million was included in other liabilities on the consolidated balance sheet.

In the first quarter of 2022, we entered into four forward-starting interest rate swaps that hedge cash flow risk associated with changes in variable interest rates and that were designated as cash flow hedges for accounting purposes. The forward-starting interest rate swaps had a maturity date in July 2030 and had a mandatory settlement scheduled to occur in July 2022. In July 2022, an amendment was executed to terminate the four forward-starting interest rates swaps and concurrently enter into three forward-starting interest rate swaps with an amended maturity in June 2027. We designated these interest rates swaps as cash flow hedges for accounting purposes. Accordingly, the changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings in the same periods that the hedged debt affects earnings.

As of the July 2022 termination date of the four previous interest rate swaps, a cumulative net gain of $9.2 million was recorded in accumulated other comprehensive income (loss). This amount will be reclassified to earnings as forecasted interest payments occur through the original maturity date in July 2030. The three new interest rate swaps had an inception date fair value equal to a $9.2 million asset, approximating the settlement value of the four previous interest rate swaps. Instead of receiving cash upon termination of the previous swaps, we elected to negotiate a lower off-market fixed rate for the three new interest rate swaps. This inception date fair value will be amortized to earnings on a ratable and systematic basis through the maturity date of the new interest rate swaps in June 2027.

At December 31, 2022, the notional value of these contracts was $200 million with a remaining weighted-average maturity of 2.3 years. At

December 31, 2022, the fair value of these interest rate swaps was a net asset of $16.4 million of which $6.0 million was included in

prepaid expenses and other and $10.4 million was included in other assets on the consolidated balance sheet.

In the fourth quarter of 2022, we entered into two interest rate swaps with a maturity date of June 2027. These swaps are intended to hedge cash flow risk associated with changes in variable interest rates and were designated as cash flow hedges for accounting purposes. Accordingly, changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings in the same periods that the hedged debt affects earnings.

At December 31, 2022, the notional value of these contracts was $175 million with a remaining weighted-average maturity of 2.3 years. At

December 31, 2022, the fair value of these interest rate swaps was a net asset of $1.0 million of which $2.0 million was included in prepaid expenses and other and $1.0 million was included in other liabilities on the consolidated balance sheet.

In the second quarter of 2021, we entered into ten cross currency swaps to hedge a portion of our net investments in certain of our subsidiaries with euro functional currencies. As net investment hedges for accounting purposes, we elected to use the spot method to assess effectiveness for these derivatives that are designated as net investment hedges. Accordingly, changes in fair value attributable to changes in the undiscounted spot rates are recorded in the foreign currency translation adjustments component of accumulated other comprehensive income (loss) and will remain there until the hedged net investments are sold or substantially liquidated. We have elected to exclude the spot-forward difference from the assessment of hedge effectiveness and are amortizing this amount separately on a straight-line basis over the term of these cross currency swaps.

In July 2022, we terminated these cross currency swap contracts and received $67 million in cash for the fair value of the derivative assets at the settlement date. We subsequently entered into a total of nine cross currency swaps with a total notional value of $400 million to hedge a portion of our net investment in certain of our subsidiaries with euro functional currencies. Swaps with a total notional value of $215 million will terminate in May 2026 and swaps with a total notional value of $185 million will terminate in April 2031. We have designated these swaps as net investment hedges for accounting purposes.

At December 31, 2022, the notional value of these cross currency swap contracts was $400 million with a remaining weighted average maturity of 2.7 years for the cross currency swaps maturing in May 2026 and a remaining weighted average maturity of 6.6 years for the cross currency swaps maturing in April 2031. At December 31, 2022, the fair value of these currency swaps was a net liability of $11.7 million, of which $5.6 million was included in prepaid expenses and other and $17.3 million was included in other liabilities on the consolidated balance sheet. At December 31, 2021, the fair value of these cross currency swaps was a net asset of $28.5 million, of which $6.0 million was included in prepaid expenses and other and $22.5 million was included in other assets on the consolidated balance sheet.

The effect of the interest rate swaps and the amortization of the spot-forward difference on the net investment hedges cross currency swaps is

included in interest expense as follows:


	Twelve Months Ended December 31,
(In millions)	2022		2021	2020

Interest rate swaps designated as cash flow hedges	$	2.2	9.8	7.7
Cross currency swaps designated as net investment hedges	(5.8)		(4.1)	—
Net derivative instrument (gains) losses included in interest expense	$	(3.6)	5.7	7.7

The fair values of these forward and swap contracts are based on the present value of net future cash payments and receipts, as well as inputs

related to forward interest rates and forward currency rates that are derived principally from, or corroborated by, observable market data,

which we have categorized as a Level 2 valuation.

Contingent Consideration

In the second quarter of 2020, we acquired cash management operations in Malaysia from U.K.-based G4S and have recorded a payable for contingent consideration. The contingent consideration will be paid when minimum dividend distributions are received by Brink's relating to cash on the balance sheets of the Malaysia subsidiaries as of the acquisition date. We used a probability-weighted approach to estimate the fair value of the contingent consideration. The fair value of the contingent consideration is the full $22 million that remains potentially payable as of December 31, 2022 as we believe it is unlikely that the contingent consideration payments will be reduced.

In the fourth quarter of 2022, we acquired NoteMachine and recognized a payable for contingent consideration, which consists of two components. The first component is a payable based on post-acquisition increases in ATM cash withdrawal interchange fees through June 30, 2023. The fair value of this payable was estimated at $4.3 million as of the October 3, 2022 acquisition date. The second component is a payable contingent on our post-acquisition collection of ATM tax rate rebates from municipal governments in the U.K. The fair value of this payable was estimated at $10.5 million as of the October 3, 2022 acquisition date.

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 2022.

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 181.9	$ 117.3	$ 21.9
Benefit plan adjustments:
Benefit plan actuarial gains (losses)	177.6	189.4	(37.0)
Benefit plan prior service costs	61.7	(4.3)	(5.3)
Deferred profit sharing	(0.1)	(0.4)	0.7
Total benefit plan adjustments	239.2	184.7	(41.6)
Foreign currency translation adjustments	(19.0)	(58.9)	24.2
Unrealized net losses on available-for-sale securities	(0.9)	(0.1)	0.0
Gains (losses) on cash flow hedges	37.6	19.1	(11.2)
Other comprehensive income (loss) before tax	256.9	144.8	(28.6)
Provision (benefit) for income taxes	55.9	55.3	(12.4)
Other comprehensive income (loss)	201.0	89.5	(16.2)
Comprehensive income	382.9	206.8	5.7
Less comprehensive income attributable to noncontrolling interests	5.0	9.5	10.7
Comprehensive income (loss) attributable to Brink’s	$ 377.9	$ 197.3	$ (5.0)

Retirement Benefits - Assumptions (Details)	12 Months Ended
Retirement Benefits - Assumptions (Details)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement benefits other than pension
Defined Benefit Plan Disclosure [Line Items]
Pension cost	2.90%	2.40%	3.30%
Benefit obligation at year end	5.60%	2.90%	2.40%
Expected return on assets	8.00%	8.00%	8.00%
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	2.80%	2.40%	3.30%
Benefit obligation at year end	5.40%	2.80%	2.40%
Expected return on assets	7.00%	7.00%	7.00%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	2.80%	2.30%	3.20%
Benefit obligation at year end	5.40%	2.80%	2.30%
Expected return on assets	3.76%	3.55%	3.28%
Average rate of increase in salaries - pension cost	1.60%	1.90%	2.60%
Average rate of increase in salaries - benefit obligation at year end	1.90%	1.60%	1.90%
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	2.80%	2.30%	3.20%
Benefit obligation at year end	5.40%	2.80%	2.30%
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	2.70%	2.20%	3.10%
Benefit obligation at year end	5.40%	2.70%	2.20%

Retirement Benefits - Information Comparing Plan Assets to Plan Obligations (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Total
Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	$ 681.2	$ 890.7
Accumulated benefit obligation	798.2	1,089.3
Projected benefit obligation	818.3	1,115.7
U.S. Plans
Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	596.3	764.8
Accumulated benefit obligation	627.2	839.5
Projected benefit obligation	627.2	839.5
Non-U.S. Plans
Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	84.9	125.9
Accumulated benefit obligation	171.0	249.8
Projected benefit obligation	$ 191.1	$ 276.2

Accounts Receivable and Credit Losses (Details) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) country	Dec. 31, 2022 USD ($) country	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jan. 01, 2020 USD ($)
Valuation Allowance [Line Items]
Number of countries in which the entity operates \| country		100	100
Accounts Receivable, Net, Current [Abstract]
Trade		$ 759.5	$ 759.5	$ 622.8
Other		141.0	141.0	95.9
Total accounts receivable		900.5	900.5	718.7
Allowance for doubtful accounts		(38.3)	(38.3)	(16.9)	$ (30.7)
Accounts receivable, net		862.2	862.2	701.8
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning of year	$ 16.9		16.9	30.7	30.2
Retained earnings		417.2	417.2	312.9
Provision for uncollectible accounts receivable(a)			22.3	3.4	14.6
Write offs and recoveries			(3.4)	(16.2)	(17.0)
Other			3.2
Foreign currency exchange effects			(0.7)	(1.0)	0.6
End of year		38.3	38.3	16.9	30.7
Internal Loss AR Rebuild
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Provision for uncollectible accounts receivable(a)			$ 0.0	$ 0.0	$ 13.1
Cumulative Effect, Period of Adoption, Adjustment \| Accounting Standards Update 2016-13
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Retained earnings						$ 2.3
Uncollectible Receivables
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Provision for uncollectible accounts receivable(a)	$ 16.7	$ 1.1

Other Liabilities

12 Months Ended

Dec. 31, 2022

Other Liabilities Disclosure [Abstract]

Other Liabilities


	December 31,
(In millions)	2022		2021

Workers’ compensation and other claims	$	72.6	74.5

Asset retirement and remediation obligations	31.9		27.4
Acquisition-related obligations	21.5		24.3
Deferred compensation	20.0		13.1
Noncurrent tax liabilities	19.3		21.4
Derivative instruments	18.3		5.6
Post-employment benefits	5.9		7.0
Other	35.1		37.6
Other liabilities	$	224.6	210.9

Other Assets (Tables)

12 Months Ended

Dec. 31, 2022

Other Assets, Noncurrent Disclosure [Abstract]

Schedule of Other Assets, Noncurrent

Other Assets


	December 31,
(In millions)	2022		2021

Sale-type lease receivables	$	66.3	42.6
Marketable securities	39.3		24.1
Loans held for investment (see Note 20)	38.6		12.0
Deposits	27.4		32.6
Prepaid pension assets	17.7		18.4
Indemnification assets	16.3		22.1
Derivative instruments	11.1		43.0
Other	69.5		65.4
Other assets	$	286.2	260.2

Segment information - Assets, Long Lived Assets, Revenues, Net Assets by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	$ 6,366.0	$ 5,566.7
Long-Lived Assets by Geographic Area	935.3	865.6
Revenues	4,535.5	4,200.2	$ 3,690.9
Net assets outside the U.S.	2,228.6	2,083.4
Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	5,985.2	5,201.5
Revenues	4,535.5	4,200.2	3,690.9
Corporate items
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	380.8	365.2
North America \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,949.9	1,674.2
Revenues	1,584.1	1,407.1	1,261.4
Latin America \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,180.6	1,018.9
Revenues	1,210.6	1,126.0	1,071.9
Europe \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,789.9	1,437.8
Revenues	931.4	917.3	753.8
Rest of World \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,064.8	1,070.6
Revenues	809.4	749.8	603.8
Mexico
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	123.1	116.8
Revenues	452.6	416.1	366.3
Net assets outside the U.S.	206.1	131.6
France
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	89.4	81.6
Revenues	370.1	373.8	336.7
Net assets outside the U.S.	196.7	195.6
Brazil
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	72.5	61.8
Revenues	329.9	303.9	315.0
Net assets outside the U.S.	231.7	218.1
UNITED KINGDOM
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	46.0	3.7
Canada
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	32.9	42.0
Revenues	124.5	138.3	129.8
ARGENTINA
Segment Reporting Information [Line Items]
Revenues	203.9	177.5	171.2
Net assets outside the U.S.	234.5	216.4
Netherlands
Segment Reporting Information [Line Items]
Revenues	124.3	129.3	97.9
Net assets outside the U.S.	151.8	136.8
Other
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	270.1	262.1
Revenues	1,470.6	1,392.6	1,142.4
Net assets outside the U.S.	1,207.8	1,184.9
Subtotal
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	634.0	568.0
Revenues	3,075.9	2,931.5	2,559.3
U.S.
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	301.3	297.6
Revenues	$ 1,459.6	$ 1,268.7	$ 1,131.6

Reorganization and Restructuring

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Reorganization and Restructuring

2022 Global Restructuring Plan

In the third quarter of 2022, management began a restructuring plan across our global business operations. The actions were taken to enable growth, reduce costs and related infrastructure, and to mitigate the potential impact of external economic conditions. As a result of actions taken, we recognized $22.2 million in charges in 2022, which primarily consisted of severance costs. For the restructuring actions that were approved as of December 31, 2022, we expect to incur additional costs between $10 million and $14 million in future periods, primarily severance costs.

The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of the 2022 Global Restructuring Plan:


(In millions)	Severance Costs		Other	Total

Balance as of January 1, 2022	$	—	—	—
Expense	18.8		3.4	22.2
Payments and utilization	(8.1)		(3.4)	(11.5)

Foreign currency exchange effects	0.8		—	0.8
Balance as of December 31, 2022	$	11.5	—	11.5

Other Restructurings

Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized $66.6 million net costs in operating profit and $0.6 million costs in interest and other nonoperating income (expense) in 2020, primarily severance costs. We recognized $43.6 million net costs in 2021, primarily severance costs. We recognized $16.6 million net costs in 2022, primarily severance costs. The majority of the costs from 2022 restructuring plans resulted from the exit of a line of business in a specific geography with most of the remaining costs due to management initiatives to address the COVID-19 pandemic. For the restructuring actions that have not yet been completed, 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		Other	Total

Balance as of December 31, 2020	$	9.3	—	9.3
Expense	37.6		6.0	43.6
Payments and utilization	(35.3)		(6.0)	(41.3)

Foreign currency exchange effects	(0.6)		—	(0.6)
Balance as of December 31, 2021	$	11.0	—	11.0
Expense (benefit)	15.5		5.4	20.9
Payments and utilization	(18.2)		(5.4)	(23.6)
Accrual adjustment	(4.3)		—	(4.3)
Foreign currency exchange effects	(1.3)		—	(1.3)
Balance as of December 31, 2022	$	2.7	—	2.7

Leases - Lease cost (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Lease cost (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease, Cost [Abstract]
Operating lease cost(a)	$ 133.6	$ 149.4	$ 131.4
Short-term lease cost	28.9	21.2	18.9
Amortization of related assets	37.9	38.3	28.2
Interest on related liabilities	10.1	9.5	7.1
Total lease cost	$ 210.5	$ 218.4	$ 185.6

Share-Based Compensation Plans - Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	$ 49.9	$ 34.1	$ 32.7
Cash based awards	1.3	1.0	1.4
Income tax benefit	(11.5)	(8.1)	(7.4)
Share-based payment expense, net of tax	38.4	26.0	25.3
Fair value of shares vested	35.0	26.7	41.3
Income tax benefit realized	8.1	6.1	9.0
Performance Shares Units PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	34.9	22.3	20.2
Unrecognized Expense for Nonvested Awards at	$ 22.5
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 year 7 months 6 days
Fair value of shares vested	$ 10.0	17.7	33.3
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	12.0	8.5	6.0
Unrecognized Expense for Nonvested Awards at	$ 8.5
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 year 7 months 6 days
Fair value of shares vested	$ 9.2	5.8	6.9
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	1.3	1.3	1.2
Unrecognized Expense for Nonvested Awards at	$ 0.4
Weighted-average No. of Years Unrecognized Expense to be Recognized	4 months 24 days
Fair value of shares vested	$ 0.6	2.8	0.6
Performance-based options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	0.0	0.3	2.3
Unrecognized Expense for Nonvested Awards at	$ 0.0
Weighted-average No. of Years Unrecognized Expense to be Recognized	0 years
Fair value of shares vested	$ 15.2	0.4	0.5
Time-based options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	0.4	0.7	1.6
Unrecognized Expense for Nonvested Awards at	$ 0.0
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 month 6 days
Fair value of shares vested	$ 0.0	$ 0.0	$ 0.0
Cash based awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense for Nonvested Awards at	$ 1.8
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 year 8 months 12 days

Reorganization and Restructuring (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
2022 Global Restructurings
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	$ 0.0
Expense	22.2
Payments and utilization	(11.5)
Foreign currency exchange effects	0.8
Restructuring Reserve, ending balance	11.5	$ 0.0
2022 Global Restructurings \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected costs	10.0
2022 Global Restructurings \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected costs	14.0
Other Restructurings
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	11.0	9.3
Expense	20.9	43.6
Payments and utilization	(23.6)	(41.3)
Accrual adjustment	(4.3)
Foreign currency exchange effects	(1.3)	(0.6)
Restructuring Reserve, ending balance	2.7	11.0	$ 9.3
Other Restructurings \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected costs	1.0
Other Restructurings \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected costs	3.0
Severance Costs \| 2022 Global Restructurings
Restructuring Cost and Reserve [Line Items]
Restructuring costs	22.2
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	0.0
Expense	18.8
Payments and utilization	(8.1)
Foreign currency exchange effects	0.8
Restructuring Reserve, ending balance	11.5	0.0
Severance Costs \| Other Restructurings
Restructuring Cost and Reserve [Line Items]
Restructuring costs	16.6	43.6
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	11.0	9.3
Expense	15.5	37.6
Payments and utilization	(18.2)	(35.3)
Accrual adjustment	(4.3)
Foreign currency exchange effects	(1.3)	(0.6)
Restructuring Reserve, ending balance	2.7	11.0	9.3
Severance Costs \| Other Restructurings \| Operating Income (Loss)
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 66.6
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]			Operating Profit
Severance Costs \| Other Restructurings \| Nonoperating income (expense)
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 0.6
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]			Interest and other nonoperating income (expense)
Other Restructuring \| 2022 Global Restructurings
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	0.0
Expense	3.4
Payments and utilization	(3.4)
Foreign currency exchange effects	0.0
Restructuring Reserve, ending balance	0.0	0.0
Other Restructuring \| Other Restructurings
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	0.0	0.0
Expense	5.4	6.0
Payments and utilization	(5.4)	(6.0)
Accrual adjustment	0.0
Foreign currency exchange effects	0.0	0.0
Restructuring Reserve, ending balance	$ 0.0	$ 0.0	$ 0.0

Revenue from contracts with customers (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenue Disaggregated by Reportable Segment and Type of Service


(In millions)	Cash and Valuables Management		DRS and AMS	Total
Twelve months ended December 31, 2022

Reportable Segments:
North America	$	1,207.2	376.9	1,584.1
Latin America	1,090.3		120.3	1,210.6
Europe	728.1		203.3	931.4
Rest of World	766.5		42.9	809.4
Total reportable segments	$	3,792.1	743.4	4,535.5






Twelve months ended December 31, 2021

Reportable Segments:
North America	$	1,122.3	284.8	1,407.1
Latin America	1,030.9		95.1	1,126.0
Europe	802.6		114.7	917.3
Rest of World	714.0		35.8	749.8
Total reportable segments	$	3,669.8	530.4	4,200.2






Twelve months ended December 31, 2020

Reportable Segments:
North America	$	1,077.9	183.5	1,261.4
Latin America	994.9		77.0	1,071.9
Europe	678.1		75.7	753.8
Rest of World	581.1		22.7	603.8
Total reportable segments	3,332.0		358.9	3,690.9

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 Assets	Contract Liabilities

Opening (January 1, 2022)	$	701.8	6.3	17.9
Closing (December 31, 2022)	862.2		12.6	17.0
Increase (decrease)	$	160.4	6.3	(0.9)

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets
Pension liabilities	$ 33.5	$ 53.1
Retirement benefits other than pensions	23.8	54.6
Lease liabilities	80.9	85.4
Workers’ compensation and other claims	27.5	35.5
Property and equipment, net	54.1	35.7
Other assets and liabilities	113.3	88.2
Net operating loss carryforwards	53.4	72.8
Interest limitations and other tax carryforwards(a)	20.6	6.0
Foreign tax and other tax credits(b)	57.4	82.8
Subtotal	464.5	514.1
Valuation allowances	(77.3)	(141.5)	$ (128.1)	$ (118.3)
Total deferred tax assets	387.2	372.6
Deferred tax liabilities
Right-of-use assets, net	76.8	76.9
Goodwill and other intangibles	100.3	76.7
Other assets and miscellaneous	31.7	28.8
Deferred tax liabilities	208.8	182.4
Net deferred tax asset	178.4	190.2
Included in:
Noncurrent assets	246.2	239.4
Noncurrent liabilities	(67.8)	(49.2)
Operating Loss Carryforwards [Line Items]
Interest limitations and other tax carryforwards	20.6	$ 6.0
Foreign tax credit amount	54.0
Other tax credit amount	3.4
Tax credit carryforward valuation allowance	10.3
United States
Deferred tax assets
Net operating loss carryforwards	4.2
Interest limitations and other tax carryforwards(a)	10.8
Operating Loss Carryforwards [Line Items]
Interest limitations and other tax carryforwards	10.8
Foreign
Deferred tax assets
Net operating loss carryforwards	37.3
Interest limitations and other tax carryforwards(a)	9.8
Operating Loss Carryforwards [Line Items]
Interest limitations and other tax carryforwards	$ 9.8

Leases - Supplemental balance sheet (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease assets	$ 314.5	$ 299.1
Finance lease assets	$ 217.9	$ 206.5
Finance lease, right-of-use asset, statement of financial position [extensible enumeration]	Property and equipment, net	Property and equipment, net
Total lease assets	$ 532.4	$ 505.6
Current liabilities operating leases	$ 74.7	$ 77.3
Operating lease, liability, current, statement of financial position [extensible enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Current liabilities financing leases	$ 43.0	$ 43.0
Finance lease, liability, current, statement of financial position [extensible enumeration]	Current maturities of long-term debt	Current maturities of long-term debt
Lease liabilities	$ 249.9	$ 241.8
Finance lease, liability, noncurrent, statement of financial position [extensible enumeration]	Long-term debt	Long-term debt
Noncurrent liabilities financing leases	$ 149.2	$ 135.5
Total lease liabilities	$ 516.8	$ 497.6

Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Reconciliation of Revenue and Operating Profit from Segments to Consolidated


	Revenues				Operating Profit
	Years Ended December 31,				Years Ended December 31,
(In millions)	2022		2021	2020	2022		2021	2020
Reportable Segments:
North America	$	1,584.1	1,407.1	1,261.4	$	159.1	148.4	91.7
Latin America	1,210.6		1,126.0	1,071.9	277.7		257.3	233.6
Europe	931.4		917.3	753.8	98.4		89.8	51.2
Rest of World	809.4		749.8	603.8	163.9		131.5	117.1
Total reportable segments	4,535.5		4,200.2	3,690.9	699.1		627.0	493.6
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	—	(161.5)		(141.7)	(116.3)
Foreign currency transaction gains (losses)	—		—	—	10.9		2.7	(6.5)
Reconciliation of segment policies to GAAP(a)	—		—	—	1.8		(17.5)	10.5
Other items not allocated to segments:
Reorganization and Restructuring(b)	—		—	—	(38.8)		(43.6)	(66.6)
Acquisitions and dispositions(c)	—		—	—	(86.6)		(71.9)	(83.1)
Argentina highly inflationary impact(d)	—		—	—	(41.7)		(11.9)	(10.7)
Change in allowance estimate(e)	—		—	—	(15.6)		—	—
Ship loss matter(f)	—		—	—	(4.9)		—	—
Chile antitrust matter(g)	—		—	—	(1.4)		(9.5)	—
Internal loss(h)	—		—	—	—		21.1	(6.9)
Reporting compliance(i)	—		—	—	—		—	(0.5)
Total	$	4,535.5	4,200.2	3,690.9	$	361.3	354.7	213.5

(a)This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP.

(e)Represents impact of a change in our methodology to estimate our allowance for doubtful accounts in the first quarter of 2022. See Note 1 and Note 16 for further details.

(f)We have excluded an estimate of our share of costs for damages and losses suffered by a ship owner that was carrying cargo for Brink's.

(g)See details regarding the Chile antitrust matter at Note 23.

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

(i)Costs (primarily third party expenses) related to lease accounting standard implementation. Additional information provided at page 28.

Schedule of Capital Expenditures, Depreciation and Amortization by Segment


	Years Ended December 31,
(In millions)	2022		2021	2020

Capital Expenditures by Reportable Segment
North America	$	41.4	40.4	27.4
Latin America	50.1		45.0	35.1
Europe	50.5		50.6	33.4
Rest of World	34.4		26.0	16.6
Total reportable segments	176.4		162.0	112.5
Corporate items	6.2		5.9	6.0

Total	$	182.6	167.9	118.5

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	69.1	68.7	62.3
Latin America	49.1		46.2	44.0
Europe	39.6		41.4	32.2
Rest of World	23.6		23.2	20.0
Total reportable segments	181.4		179.5	158.5
Corporate items	8.4		9.7	9.1
Argentina highly inflationary impact	2.9		2.2	1.8
Acquisitions and dispositions	0.1		0.1	1.0
Reorganization and Restructuring	1.0		0.3	1.3
Depreciation and amortization of property and equipment	193.8		191.8	171.7

Amortization of intangible assets(a)	52.0		47.7	35.1
Total	$	245.8	239.5	206.8

(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)	2022		2021

Assets held by Reportable Segment
North America	$	1,949.9	1,674.2
Latin America	1,180.6		1,018.9
Europe	1,789.9		1,437.8
Rest of World	1,064.8		1,070.6
Total reportable segments	5,985.2		5,201.5
Corporate items	380.8		365.2
Total	$	6,366.0	5,566.7

Schedule of Long Lived Assets By Geographic Areas


	December 31,
(In millions)	2022		2021

Long-Lived Assets by Geographic Area(a)
Non-U.S.:
Mexico	$	123.1	116.8
France	89.4		81.6
Brazil	72.5		61.8
United Kingdom	46.0		3.7
Canada	32.9		42.0
Other	270.1		262.1
Subtotal	634.0		568.0
U.S.	301.3		297.6
Total	$	935.3	865.6

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

Schedule of Revenue By Geographical Areas


	Years Ended December 31,
(In millions)	2022		2021	2020

Revenues by Geographic Area(a)
Outside the U.S.:
Mexico	$	452.6	416.1	366.3
France	370.1		373.8	336.7
Brazil	329.9		303.9	315.0
Argentina	203.9		177.5	171.2
Canada	124.5		138.3	129.8
Netherlands	124.3		129.3	97.9
Other	1,470.6		1,392.6	1,142.4
Subtotal	3,075.9		2,931.5	2,559.3
U.S.	1,459.6		1,268.7	1,131.6
Total	$	4,535.5	4,200.2	3,690.9

(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)	2022		2021

Net assets outside the U.S.
Argentina	$	234.5	216.4
Brazil	231.7		218.1
Mexico	206.1		131.6
France	196.7		195.6
Netherlands	151.8		136.8

Other non-U.S. markets	1,207.8		1,184.9
Total	$	2,228.6	2,083.4

Prepaid Expenses and Other

12 Months Ended

Dec. 31, 2022

Prepaid Expense, Current [Abstract]

Prepaid Expenses and Other


	December 31,
(In millions)	2022		2021

Prepaid expenses	$	169.5	134.4
Derivative instruments	41.0		15.2
Income tax receivable	26.3		18.4
Other	87.9		43.0
Prepaid expenses and other	$	324.7	211.0

Revenue from contracts with customers

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Performance Obligations

We provide various services to meet the needs of our customers and we group these service offerings into two broad categories: Cash and Valuables Management; and Digital Retail Solutions and ATM Managed Services.

Cash and Valuables Management

Cash and valuables management services are provided to customers throughout the world. Cash-in-transit services include the secure transportation of cash, securities and other valuables between businesses, financial institutions and central banks. Basic ATM management services include cash replenishment, treasury management and first and second line maintenance. Our global services business provides secure transport of high-value commodities including diamonds, jewelry, precious metals, securities, banknotes, currency, high-tech devices, electronics and pharmaceuticals. Additional global services include pick-up, packaging, customs clearance, secure vault storage and inventory management. We also offer a variety of cash management services including money processing (e.g., counting, sorting, wrapping, checking condition of bills, etc.), check imaging and other cash management services (e.g., cashier balancing, counterfeit detection, account consolidation and electronic reporting). Our vaulting services combine cash-in-transit services, cash management services, vaulting and electronic reporting technologies to help banks expand into new markets while minimizing investment in vaults and branch facilities. In addition to providing secure storage, we process deposits, provide check imaging and reconciliation services, perform currency inventory management, process ATM replenishment orders and electronically transmit banking transactions.

Digital Retail Solutions (“DRS”), and ATM Managed Services (“AMS”)

DRS and AMS are technology enabled services provided to customers throughout the world. DRS includes services that leverage Brink’s tech-enabled sales and software platforms to simplify cash acceptance, enables merchants to access their cash without visiting a bank and provide customers with enhanced analytics and visibility. DRS includes our patented Brink’s CompleteTM and CompuSafe® services. AMS provides comprehensive services beyond basic ATM services including cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, and installation services. These services allow financial institutions, retailers and independent ATM owners to outsource day-to-day operation of ATMs. For certain customers, we take ownership of ATM devices as part of our managed services offering.

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.

Revenue Disaggregated by Reportable Segment and Type of Service


(In millions)	Cash and Valuables Management		DRS and AMS	Total
Twelve months ended December 31, 2022

Reportable Segments:
North America	$	1,207.2	376.9	1,584.1
Latin America	1,090.3		120.3	1,210.6
Europe	728.1		203.3	931.4
Rest of World	766.5		42.9	809.4
Total reportable segments	$	3,792.1	743.4	4,535.5






Twelve months ended December 31, 2021

Reportable Segments:
North America	$	1,122.3	284.8	1,407.1
Latin America	1,030.9		95.1	1,126.0
Europe	802.6		114.7	917.3
Rest of World	714.0		35.8	749.8
Total reportable segments	$	3,669.8	530.4	4,200.2






Twelve months ended December 31, 2020

Reportable Segments:
North America	$	1,077.9	183.5	1,261.4
Latin America	994.9		77.0	1,071.9
Europe	678.1		75.7	753.8
Rest of World	581.1		22.7	603.8
Total reportable segments	3,332.0		358.9	3,690.9

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 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, but are included in the above table as the amounts are a small percentage of overall revenues.

Contract Balances

Contract Assets

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 Latin 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. In our Rest of World segment, certain Brink's affiliates provide services to specific customers and, per contract, a portion of the consideration is retained by the customers until the contract is completed. The retention amounts are reported as contract assets until we have the right to bill the customer for these amounts. Contract assets expected to be collected within one year ($4.2 million at December 31, 2022) are included in prepaid expenses and other on the consolidated balance sheet. Amounts not expected to be billed and collected within one year ($8.4 million at December 31, 2022) are reported in other noncurrent assets on the consolidated balance sheet.

Contract Liabilities

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


(In millions)	Receivables		Contract Assets	Contract Liabilities

Opening (January 1, 2022)	$	701.8	6.3	17.9
Closing (December 31, 2022)	862.2		12.6	17.0
Increase (decrease)	$	160.4	6.3	(0.9)

The amount of revenue recognized in 2022 that was included in the January 1, 2022 contract liability balance was $14.7 million. This revenue consists of services provided to customers who had prepaid for those services prior to the current year.

Revenue recognized in the twelve months ended December 31, 2022 from performance obligations satisfied in the prior year was not

significant. This revenue is a result of changes in the transaction price of our contracts with customers.

Contract Costs

Sales commissions directly related to obtaining new contracts with customers are capitalized when incurred and are then amortized to expense ratably over the term of the contracts. At December 31, 2022, the net capitalized costs to obtain contracts was included in other assets on the consolidated balance sheet. The capitalized amounts at December 31, 2022 and December 31, 2021 were $3.7 million and $2.0 million, respectively. The amortization expense in 2022 and 2021 was $1.3 million and $0.7 million, respectfully.

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.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Goodwill and Intangible Assets Disclosure [Abstract]

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other Assets, Noncurrent Disclosure [Abstract]
Sale-type lease receivables	$ 66.3	$ 42.6
Marketable securities	39.3	24.1
Loans held for investment (see Note 20)	38.6	12.0
Deposits	27.4	32.6
Prepaid pension assets	17.7	18.4
Indemnification assets	16.3	22.1
Derivative instruments	11.1	43.0
Other	69.5	65.4
Other assets	$ 286.2	$ 260.2

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Other Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2022 and 2021 are as follows:


	December 31, 2022
(In millions)	Beginning Balance		Acquisitions/ Dispositions(a)	Currency	Ending Balance

Goodwill:
North America	$	474.9	3.1	(0.5)	477.5
Latin America	214.1		2.7	3.5	220.3
Europe	302.5		61.3	(12.7)	351.1
Rest of World	420.2		(0.1)	(18.1)	402.0
Total Goodwill	$	1,411.7	67.0	(27.8)	1,450.9

(a)Includes adjustments related to the finalization of valuations in prior year acquisitions ($0.8 million decrease in North America and $0.1 million decrease in Rest of World ).


	December 31, 2021
(In millions)	Beginning Balance		Acquisitions/ Dispositions(a)	Currency	Ending Balance

Goodwill:
North America	$	347.9	126.9	0.1	474.9
Latin America	222.3		2.2	(10.4)	214.1
Europe	324.9		1.7	(24.1)	302.5
Rest of World	324.1		111.1	(15.0)	420.2
Total Goodwill	$	1,219.2	241.9	(49.4)	1,411.7

(a)Includes adjustments related to the finalization of valuations in prior year acquisitions ($0.1 million increase in North America, $9.6 million decrease in Europe and $4.8 million decrease in Rest of World ).

Intangible Assets

The following table summarizes our other intangible assets by category:


	December 31, 2022				December 31, 2021
(In millions)	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Weighted-average amortization period

Customer relationships	$	639.2	(187.6)	451.6	$	581.9	(145.7)	436.2	10.1
Indefinite-lived trade names	7.9		—	7.9	7.6		—	7.6	—
Finite-lived trade names	38.9		(16.3)	22.6	28.6		(12.2)	16.4	5
Developed technology	60.7		(7.4)	53.3	34.7		(3.9)	30.8	10.7

Other	4.2		(4.1)	0.1	4.4		(4.2)	0.2	2
Total	$	750.9	(215.4)	535.5	$	657.2	(166.0)	491.2

Total amortization expense for our finite-lived intangible assets was $52.0 million in 2022 and $47.7 million in 2021. Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2022, for the next five years is as follows:


(In millions)	2023		2024	2025	2026	2027

Amortization expense	$	56.0	55.7	55.1	52.8	49.8

Acquisitions and Dispositions - Pro Forma (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Actual revenue results included in consolidation	$ 35.2	$ 98.8
Actual net income results included in consolidation	2.1	6.9
Revenues	4,535.5	4,200.2	$ 3,690.9
Reported net income (loss) attributable to Brink's	170.6	105.2	$ 16.0
Pro forma revenue results	4,644.7	4,382.4
Pro forma net income results	180.5	114.9
NoteMachine
Business Acquisition [Line Items]
Actual revenue results included in consolidation	35.2
Actual net income results included in consolidation	2.1
Pro forma revenue results	109.2	150.8
Pro forma net income results	$ 9.9	7.2
PAI
Business Acquisition [Line Items]
Actual revenue results included in consolidation		98.8
Actual net income results included in consolidation		6.9
Pro forma revenue results		31.4
Pro forma net income results		$ 2.5

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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Cash and Cash Equivalents

Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities, Current [Abstract]
Payroll and other employee liabilities	$ 175.8	$ 159.6
Cash supply chain deposit liability	156.3	139.9
Taxes, except income taxes	127.0	100.4
Cash held by cash management services operations(a)	85.2	34.7
Operating lease liabilities	74.7	77.3
Accrued interest	31.7	16.3
Workers’ compensation and other claims	30.1	28.2
ATM surcharge/interchange payables	26.6	27.6
Income taxes payable	25.7	43.1
Acquisition and disposition related obligations	21.4	12.3
Contract liability	17.0	17.9
Retirement benefits (see Note 4)	16.4	15.9
Derivative instruments	10.5	9.8
Chile antitrust matter(b)	10.2	8.8
OASDI Tax (CARES Act) Liability	0.0	10.7
Other	210.8	174.8
Accrued liabilities	$ 1,019.4	$ 877.3

Summary of Significant Accounting Policies Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2022
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

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of Presentation

The Brink’s Company (along with its subsidiaries, “we,” “our,” “Brink’s” or the “Company”), based in Richmond, Virginia, is a leading provider of cash and valuables management, digital retail solutions, and ATM managed services to financial institutions, retailers, government agencies, mints, jewelers and other commercial operations around the world. Brink’s is the oldest and largest secure transportation and cash management services company in the U.S., and a market leader in many other countries.

Consolidation

The consolidated financial statements include our controlled subsidiaries. Control is determined based on ownership rights or, when applicable, based on whether we are considered to be the primary beneficiary of a variable interest entity. See "Venezuela" section below for further information. For controlled subsidiaries that are not wholly-owned, the noncontrolling interests are included in net income and in total equity.

Investments in businesses that we do not control, but for which we have the ability to exercise significant influence over operating and financial policies, are accounted for under the equity method and our proportionate share of income or loss is recorded in other operating income (expense). Investments in businesses for which we do not have the ability to exercise significant influence over operating and financial policies are accounted for at fair value, if readily determinable, with changes in fair value recognized in net income. For equity investments that do not have a readily determinable fair value, we measure these investments at cost minus impairment, if any, plus or minus changes from observable price changes. All intercompany accounts and transactions have been eliminated in consolidation.

Revenue Recognition

Revenue RecognitionRevenue is recognized when services related to cash and valuables management, digital retail solutions, and ATM managed services 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.

Taxes collected from customers and remitted to governmental authorities are not included in revenues in the consolidated statements of operations.

Contract Balances

Contract Assets

Contract Liabilities

Revenue recognized in the twelve months ended December 31, 2022 from performance obligations satisfied in the prior year was not

significant. This revenue is a result of changes in the transaction price of our contracts with customers.

Contract Costs

Practical Expedients

Cash and cash equivalents include cash on hand, demand deposits and investments with original maturities of three months or less. Cash and cash equivalents include amounts held by certain of our secure cash management services operations for customers for which, under local regulations, the title transfers to us for a short period of time. The cash is generally credited to customers’ accounts the following day and we do not consider it as available for general corporate purposes in the management of our liquidity and capital resources. We record a liability for the amounts owed to customers (see Note 13).

Restricted Cash

Restricted CashCash that is held for a specific purpose and is not available for immediate or general business use due to external restrictions is classified in our consolidated balance sheets as restricted cash. In Malaysia, we offer ATM replenishment services to certain of our financial institution customers. Providing this service requires our Malaysia subsidiary to take temporary title to the cash received in advance of ATM replenishment. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering. In France, we offer services to certain of our customers where we manage some or all of their cash supply chains. In connection with this offering, we take temporary title to certain customers' cash, which is included as restricted cash in our financial statements due to customer agreement or regulation. In addition, in accordance with a revolving credit facility, we are required to maintain a restricted cash reserve and, due to this contractual restriction, we have classified these amounts as restricted cash (see Note 20).

Trade Accounts Receivable

Trade Accounts ReceivableTrade accounts receivable are recorded at the invoiced amount and do not bear interest. We assess the collectability of our receivables on a pool basis, which we aggregate by geographical location. We determine historical loss rates for each pool and these historical loss rates represent the primary assumption used in estimating the allowance for doubtful accounts. We monitor the aging of accounts receivables by country along with any significant economic events to identify any current or expected trends and risks within a pool that could impact the collectability of receivables that were not contemplated or relevant during a previous period. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.

Right-of-use assets

Right-of-Use AssetsFor operating leases, right-of-use assets (and related lease liabilities) are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term.

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.

Leased property and equipment meeting financing lease criteria are capitalized at the lower of the present value of the related lease payments or the fair value of the leased asset at the inception of the lease. Amortization is calculated on the straight-line method based on the lease term. See Note 17 for further information.

Leasehold improvements are recorded at cost. Amortization is calculated principally on the straight-line method over the lesser of the estimated useful life of the leasehold improvement or the lease term. Renewal periods are included in the lease term when the renewal is determined to be reasonably assured.

Part of the costs related to the development or purchase of internal-use software is capitalized and amortized over the estimated useful life of the software. Costs that are capitalized include external direct costs of materials and services to develop or obtain the software, and internal costs, including compensation and employee benefits for employees directly associated with a software development project.


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

Expenditures for routine maintenance and repairs on property and equipment are charged to expense. Major renewals, betterments and modifications are capitalized and depreciated over the lesser of the remaining life of the asset or, if applicable, the lease term.

Goodwill and Other Intangible Assets

Goodwill and Other Intangible AssetsGoodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Intangible assets arising from business acquisitions include customer lists, customer relationships, developed technology, covenants not to compete, trademarks and other identifiable intangibles. At December 31, 2022, finite-lived intangible assets have remaining useful lives ranging from 1 to 14 years and are amortized based on the pattern in which the economic benefits are used or on a straight-line basis.

Impairment of Goodwill and Long-Lived Assets

Goodwill is not amortized but is tested for impairment at least annually, as of October 1, and whenever events or circumstances in interim periods indicate that it is more-likely-than-not that an impairment may have occurred. We perform the test of goodwill impairment at the reporting unit level, which is one level below an operating segment. Goodwill is assigned to one or more reporting units at the date of acquisition.

During the fourth quarter of 2020, we implemented changes to our organization and management structure. Based on our preliminary evaluation for year-end 2020 reporting, we changed our reporting units from eight reporting units to nine reporting units. During the first quarter of 2021, we finalized our evaluation and changed from nine reporting units to four reporting units, which are equal to our operating segments:

•North America

•Latin America

•Europe

•Rest of World

We were not required to reallocate goodwill after the reporting unit change as each of the previously identified nine reporting units is completely included in one of the four new reporting units. We performed a goodwill impairment test on these reporting units as of October 1, 2022 and elected to forego the optional qualitative assessment and performed a quantitative goodwill impairment assessment instead. We estimated the fair value of each reporting unit using a weighting of two valuation methodologies: the Income Approach and the Public Company Market Multiple Method, with greatest weight placed on the Income Approach. The resulting reporting unit fair values were compared to each reporting unit's carrying value. As a result of the evaluation, we concluded that goodwill was not impaired, and the fair value of each reporting unit exceeded its carrying value for all reporting units.

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

Indefinite-lived intangibles are also tested for impairment at least annually by comparing their carrying values to their estimated fair values. We have had no significant impairments of indefinite-lived intangibles in the last three years.

Long-lived assets other than goodwill and other indefinite-lived intangibles are reviewed for impairment when events or changes in circumstances indicate the carrying value of an asset may not be recoverable. For long-lived assets other than goodwill that are to be held and used in operations, an impairment is indicated when the estimated total undiscounted cash flow associated with the asset or group of assets is less than carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. See Note 8 for further information.

Retirement Benefit Plans

We account for retirement benefit obligations under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 715, Compensation – Retirement Benefits. For U.S. and certain non-U.S. retirement plans, we derive the discount rates used to measure the present value of benefit obligations using the cash flow matching method. Under this method, we compare the plan’s projected payment obligations by year with the corresponding yields on a Mercer yield curve. Each year’s projected cash flows are then discounted back to their present value at the measurement date and an overall discount rate is determined. The overall discount rate is then rounded to the nearest tenth of a percentage point. We used Mercer’s Above-Mean Curve to determine the discount rates for the year-end benefit obligations and retirement cost of our U.S. retirement plans. We use a local or regional version of the Mercer yield curve in the majority of our non-U.S. locations. In non-U.S. locations where the cash flow matching method is not possible, rates of local high-quality long-term government bonds are used to select the discount rate.

We select the expected long-term rate of return assumption for our U.S. pension plan and retiree medical plans using advice from our investment advisor. The selected rate considers plan asset allocation targets, expected overall investment manager performance and long-term historical average compounded rates of return.

Benefit plan actuarial gains and losses are recognized in other comprehensive income (loss). Accumulated net benefit plan actuarial gains and losses that exceed 10% of the greater of a plan’s benefit obligation or plan assets at the beginning of the year are amortized into earnings from other comprehensive income (loss) on a straight-line basis. The amortization period for pension plans is the average remaining service period of employees expected to receive benefits under the plans. The amortization period for other retirement plans is primarily the average remaining life expectancy of inactive participants.

Income Taxes

Deferred tax assets and liabilities are recorded to recognize the expected future tax benefits or costs of events that have been, or will be, reported in different years for financial statement purposes than tax purposes. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which these items are expected to reverse. We recognize tax benefits related to uncertain tax positions if we believe it is more-likely-than-not the benefit will be realized. We review our deferred tax assets to determine if it is more-likely-than-not that they will be realized. If we determine it is not more-likely-than-not that a deferred tax asset will be realized, we record a valuation allowance to reverse the previously recognized tax benefit. See Note 5 for further information.

Foreign Currency Translation

Our consolidated financial statements are reported in U.S. dollars. Our foreign subsidiaries maintain their records primarily in the currency of the country in which they operate. The method of translating local currency financial information into U.S. dollars depends on whether the economy in which our foreign subsidiary operates has been designated as highly inflationary or not. Economies with a three-year cumulative inflation rate of more than 100% are considered highly inflationary.

Assets and liabilities of foreign subsidiaries in non-highly inflationary economies are translated into U.S. dollars using rates of exchange at the balance sheet date. Translation adjustments are recorded in other comprehensive income (loss). Revenues and expenses are translated at rates of exchange in effect during the year. Transaction gains and losses are recorded in net income.

Foreign subsidiaries that operate in highly inflationary countries use the U.S. dollar as their functional currency. Local currency monetary assets and liabilities are remeasured into U.S. dollars using rates of exchange as of each balance sheet date, with remeasurement adjustments and other transaction gains and losses recognized in earnings. Other than nonmonetary equity and available for sale debt securities, nonmonetary assets and liabilities do not fluctuate with changes in local currency exchange rates to the dollar. For nonmonetary equity securities traded in highly inflationary economies, the fair market value of the equity securities are remeasured at the current exchange rates to determine gain or loss to be recorded in net income. For nonmonetary available for sale debt securities traded in highly inflationary economies, the fair market value of these debt securities are remeasured at the current exchange rates, with changes recorded in the gains (losses) on available-for-sale securities component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings when these debt securities are sold. Revenues and expenses are translated at rates of exchange in effect during the year. See "Venezuela" and "Argentina" sections below for further information.

Argentina

We operate in Argentina through wholly owned subsidiaries and a smaller controlled subsidiary (together "Brink's Argentina"). Revenues from Brink's Argentina represented approximately 4% of our consolidated revenues for the year ended December 31, 2022 and 4% and 5% of our consolidated revenues for the years ended December 31, 2021 and 2020, respectively.

The operating environment in Argentina continues to present business challenges, including ongoing devaluation of the Argentine peso and significant inflation. For the year ended December 31, 2020, the Argentine peso declined by approximately 29% (from 59.9 to 84.0 pesos to the U.S. dollar). For the year ended December 31, 2021, the Argentine peso declined by approximately 19% (from 84.0 to 103.1 pesos to the U.S. dollar). For the year ended December 31, 2022, the Argentine peso declined approximately 42% (from 103.1 to 178.6 pesos to the U.S. dollar).

Beginning July 1, 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, we consolidated Brink's Argentina using our accounting policy for subsidiaries operating in highly inflationary economies beginning with the third quarter of 2018. Argentine peso-denominated monetary assets and liabilities are now remeasured at each balance sheet date using the currency

exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In 2022, we recognized $37.6 million in pretax remeasurement loss. In 2021 and in 2020, we recognized $9.0 million and $7.7 million pretax remeasurement losses, respectively.

At December 31, 2022, Argentina's economy remains highly inflationary for accounting purposes. At December 31, 2022, we had net monetary assets denominated in Argentine pesos of $66.2 million (including cash of $57.7 million). At December 31, 2022, we had net nonmonetary assets of $168.2 million (including $99.8 million of goodwill, $1.9 million in equity securities denominated in Argentine pesos and $27.4 million in debt securities denominated in Argentine pesos).

At December 31, 2021, we had net monetary assets denominated in Argentine pesos of $60.1 million (including cash of $52.9 million) and net nonmonetary assets of $155.3 million (including $99.8 million of goodwill, $8.2 million in equity securities denominated in Argentine pesos and $4.3 million in debt securities denominated in Argentine pesos).

During September 2019, the Argentine government announced currency controls on both companies and individuals. The Argentine central bank issued details as to how the exchange control procedures would operate in practice. Under these procedures, central bank approval is required for many transactions, including dividend repatriation abroad.

During the third quarter of 2020, we elected to use other market mechanisms to convert Argentine pesos into U.S. dollars. Conversions under these other market mechanisms generally settle at rates that are less favorable than the rates at which we remeasure the financial statements of Brink’s Argentina. As a result, we recognized $10.4 million in 2020 of such conversion losses when we converted Argentine pesos into U.S. dollars at rates that were approximately 100% less favorable than the rates at which we remeasured the financial statements of Brink’s Argentina. These conversion losses are classified in the consolidated statements of operations as other operating income (expense). We did not have any such conversion losses in 2021 or 2022.

Although the Argentine government has implemented currency controls, Brink’s management continues to provide guidance and strategic oversight, including budgeting and forecasting for Brink’s Argentina. We continue to control our Argentina business for purposes of consolidation of our financial statements and continue to monitor the situation in Argentina.

Venezuela

Our Venezuelan operations offer transportation and route-based logistics management services for cash and valuables throughout Venezuela. Currency exchange regulations, combined with other government regulations, such as price controls and strict labor laws, significantly limit our ability to make and execute operational decisions at our Venezuelan subsidiaries. As a result of the conditions, we do not meet the accounting criteria for control over our Venezuelan operations and, as a result, we began reporting the results of our investment in our Venezuelan subsidiaries using the cost method of accounting, the basis of which approximates zero. Prior to the imposition of the U.S. government sanctions, we provided immaterial amounts of financial support to our Venezuela operations. We continue to monitor the situation in Venezuela, including the imposition of sanctions by the U.S. government targeting Venezuela.

Concentration of Credit Risks

We routinely assess the financial strength of significant customers and this assessment, combined with the large number and geographic diversity of our customers, limits our concentration of risk with respect to accounts receivable. Financial instruments which potentially subject us to concentrations of credit risks are principally cash and cash equivalents and accounts receivables. Cash and cash equivalents are held by major financial institutions.

Use of Estimates

In accordance with U.S. generally accepted accounting principles (“GAAP”), we have made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements. Actual results could differ materially from those estimates. The most significant estimates are related to goodwill, intangibles and other long-lived assets, pension and other retirement benefit assets and obligations, legal contingencies, allowance for doubtful accounts, deferred tax assets and purchase price allocations.

In the first quarter of 2022, we further refined our global methodology of estimating the allowance for doubtful accounts. Our previous method to estimate currently expected credit losses in receivables (the allowance) was weighted significantly to a review of historical loss rates and specific identification of higher risk customer accounts. It also considered current and expected economic conditions, particularly the effects of the coronavirus (COVID-19) pandemic, in determining an appropriate allowance. As many of our regions begin to recover from the pandemic, we have re-assessed those earlier assumptions and estimates. Our updated method now also includes an estimated allowance for accounts receivable significantly past due in order to adjust for at-risk receivables not captured in our previous method. As part of the analysis under the updated estimation methodology, we noted an increase in accounts receivable significantly past due, particularly in the U.S., and we recorded an additional allowance of $16.7 million in the first quarter of 2022. In the subsequent three quarters of 2022, the additional allowance was reduced by $1.1 million as a result of collections. Due to the fact that management has excluded this amount when evaluating internal performance, we have excluded it from segment results.

Fair-value estimates

Fair-value estimates. We have various financial instruments included in our financial statements. Financial instruments are carried in our financial statements at either cost or fair value. We estimate fair value of assets using the following hierarchy using the highest level possible:

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

Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are directly or indirectly observable, or inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.

Level 3: Unobservable inputs that reflect estimates and assumptions.

New Accounting Standards

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which changes the way entities recognize impairment of many financial assets. This new guidance requires immediate recognition of estimated credit losses expected to occur over the life of the asset and incorporates estimated, forward-looking data when measuring lifetime Expected Credit Losses (ECL). The standard was designed to provide greater transparency and understanding of credit risk by requiring enhanced financial statement disclosures which fall into three general categories: ECL estimate methodology and assumptions, quantitative information and metrics, and policy and process explanations. We adopted the standard using the modified retrospective transition method. Results for the reporting period beginning January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. We recognized a cumulative-effect adjustment decreasing retained earnings by $1.7 million on January 1, 2020. The adoption of the standard also resulted in expanded disclosures related to credit losses (see Note 16).

In August 2018, the FASB issued ASU 2018-13, Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement, which changes the fair value measurement disclosure requirements. The amendments in this ASU eliminate some disclosures that are no longer considered cost beneficial, modify/clarify the specific requirements of certain disclosures and add disclosure requirements for Level 3 fair value measurements. We adopted ASU 2018-13 effective January 1, 2020 and the standard did not have a significant impact on our financial statements.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. ASU 2019-12 was effective for us on January 1, 2021. We recognized a cumulative-effect adjustment increasing retained earnings by $0.5 million on January 1, 2021.

Capital Stock - Shares Used To Calculate Earnings (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Basic (shares)	47.3	49.5	50.4
Effect of dilutive stock awards (shares)	0.5	0.6	0.4
Diluted (shares)	47.8	50.1	50.8
Antidilutive stock options and awards excluded from denominator (shares)	0.6	0.4	0.6
Deferred compensation common stock unit (shares)	0.3	0.3	0.3

Other Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2021
Loss Contingencies [Line Items]
Noncancellable commitments in equipment purchases	$ 10.8
Chile Antitrust Matter
Loss Contingencies [Line Items]
Chile antitrust matter fine		$ 30.5
Chile antitrust matter charge			$ 9.5
Chile antitrust matter adjustment	$ 1.4

Debt - Narrative (Details) $ in Millions		1 Months Ended	12 Months Ended
Debt - Narrative (Details) $ in Millions	Jun. 22, 2020 USD ($)	Oct. 31, 2017 USD ($)	Dec. 31, 2022 USD ($) country facility	Jun. 30, 2022 USD ($) quarterly_payment
Long-term Debt Types [Abstract]
Number of quarterly installment payments at 0.625% \| quarterly_payment				8
Senior Secured Credit Facility - Amended III
Long-term Debt Types [Abstract]
Commitment Fee			0.23%
Senior Secured Credit Facility - Amended III \| Minimum
Long-term Debt Types [Abstract]
Commitment Fee			0.15%
Senior Secured Credit Facility - Amended III \| Maximum
Long-term Debt Types [Abstract]
Commitment Fee			0.28%
Three Committed Letter of Credit Facilities \| Letter of Credit
Long-term Debt Types [Abstract]
Available capacity amount			$ 12
Number of term loan facilities \| facility			3
Amount available			$ 70
Undrawn letters of credit			58
Fifteen Million Committed Facility \| Letter of Credit
Long-term Debt Types [Abstract]
Maximum borrowing capacity			15
Thirty Two Million Committed Facility \| Letter of Credit
Long-term Debt Types [Abstract]
Maximum borrowing capacity			32
Twenty-four Million Committed Facility \| Letter of Credit
Long-term Debt Types [Abstract]
Maximum borrowing capacity			24
Two Unsecured Letter of Credit Facilities \| Letter of Credit
Long-term Debt Types [Abstract]
Available capacity amount			$ 29
Number of term loan facilities \| country			2
Amount available			$ 55
Undrawn letters of credit			26
Forty Million Unsecured Letter of Credit Facility \| Letter of Credit
Long-term Debt Types [Abstract]
Amount available			40
Fifteen Million Unsecured Letter of Credit Facility \| Letter of Credit
Long-term Debt Types [Abstract]
Amount available			$ 15
Senior Secured Credit Facility - Amended III \| SOFR
Long-term Debt Types [Abstract]
Interest rate margin			1.50%
Senior Secured Credit Facility - Amended III \| SOFR \| Minimum
Long-term Debt Types [Abstract]
Interest rate margin			1.25%
Senior Secured Credit Facility - Amended III \| SOFR \| Maximum
Long-term Debt Types [Abstract]
Interest rate margin			1.75%
Senior Secured Credit Facility - Amended III \| Base Rate
Long-term Debt Types [Abstract]
Interest rate margin			0.50%
Senior Secured Credit Facility - Amended III \| Base Rate \| Minimum
Long-term Debt Types [Abstract]
Interest rate margin			0.25%
Senior Secured Credit Facility - Amended III \| Base Rate \| Maximum
Long-term Debt Types [Abstract]
Interest rate margin			0.75%
Term Loan A \| Senior Secured Credit Facility - Amended III
Long-term Debt Types [Abstract]
Debt, aggregate principal amount				$ 1,400
First two years quarterly principal payment, percentage				0.625%
Post two years quarterly principal payment, percentage				1.25%
Revolving Credit Facility \| Senior Secured Credit Facility - Amended III
Long-term Debt Types [Abstract]
Maximum borrowing capacity				$ 1,000
Available capacity amount			$ 353
Senior unsecured notes \| Four hundred million senior unsecured notes
Long-term Debt Types [Abstract]
Debt, aggregate principal amount	$ 400
Debt maturity period	5 years
Interest Rate Percentage	5.50%
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%

Capital Stock (Details) - USD ($)				1 Months Ended			3 Months Ended	6 Months Ended	12 Months Ended
Capital Stock (Details) - USD ($)	Apr. 14, 2022	Aug. 06, 2021	Aug. 26, 2020	Nov. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Apr. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Sep. 21, 2022	Oct. 27, 2021	Feb. 06, 2020
Subsequent Event [Line Items]
Shares of common stock authorized (in shares)									100,000,000.0	100,000,000.0
Shares issued and outstanding (in shares)									46,300,000	47,400,000
Dividend declared (in dollars per share)												$ 0.20
Maximum shares allowed for issuance (in shares)									2,000,000
Par value (in dollars per share)									$ 10
Repurchase shares of Brink's common stock									$ 52,200,000	$ 200,000,000.0	$ 50,000,000.0
250 Million Share Repurchase Program
Subsequent Event [Line Items]
Stock repurchase program amount														$ 250,000,000
Stock repurchased and retired during period, shares							655,699	2,289,153	4,041,506		1,096,654
Repurchase shares of Brink's common stock							$ 50,000,000	$ 150,000,000	$ 250,000,000		$ 50,000,000
Average price per share (in dollars per share)							$ 76.25	$ 65.53			$ 45.59
ASR, final price per share (in dollars per share)									$ 61.86
250 Million Share Repurchase Program II
Subsequent Event [Line Items]
Stock repurchase program amount													$ 250,000,000
Stock repurchased and retired during period, shares									948,395
Repurchase shares of Brink's common stock									$ 52,200,000
Average price per share (in dollars per share)									$ 55.01
Stock repurchase program remaining amount									$ 198,000,000
ASR August 2020
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares			849,978
Accelerated share repurchases payment			$ 50,000,000
ASR, initial price per share (in dollars per share)			$ 58.83
ASR September 2020
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares						246,676
ASR August 2021
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares		524,315
Accelerated share repurchases payment		$ 50,000,000
ASR, initial price per share (in dollars per share)		$ 95.36
ASR September 2021
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares					131,384
ASR November 2021
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares				1,742,160
Accelerated share repurchases payment				$ 150,000,000
ASR, initial price per share (in dollars per share)				$ 86.10
ASR April 2022
Subsequent Event [Line Items]
Stock repurchased and retired during period, shares	546,993

Retirement Benefits - Savings Plan (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 01, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense		$ 19.1	$ 19.1	$ 11.9
Defined contribution plan maximum annual contribution per employee percent	2.00%		2.00%
U.S. 401(K)
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense		7.6	$ 6.5	2.0
Other plans
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense		$ 11.5	$ 12.6	$ 9.9

Debt - Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Financing Leases	$ 388.7	$ 351.0
Less: accumulated amortization	(170.8)	(144.5)
Total	217.9	206.5
Buildings
Debt Instrument [Line Items]
Financing Leases	6.3	6.5
Vehicles
Debt Instrument [Line Items]
Financing Leases	332.9	300.7
Machinery and equipment
Debt Instrument [Line Items]
Financing Leases	$ 49.5	$ 43.8

Income Taxes - Rate Reconciliation (Details)	12 Months Ended
Income Taxes - Rate Reconciliation (Details)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Rate Reconciliation [Abstract]
U.S. federal tax rate	21.00%	21.00%	21.00%
Foreign rate differential	7.50%	7.60%	12.90%
Taxes on cross border income, net of credits	6.90%	4.60%	11.00%
Adjustments to valuation allowances	(21.10%)	6.70%	6.60%
Foreign income taxes	(0.70%)	6.10%	10.60%
French business tax	0.80%	0.70%	3.70%
State income taxes, net	0.70%	0.90%	(1.60%)
Share-based compensation	1.30%	0.20%	(3.10%)
Acquisition costs	0.00%	0.50%	6.00%
Other	1.90%	2.80%	4.30%
Actual income tax rate on continuing operations	18.30%	51.10%	71.40%

Income Taxes - Income and Taxes from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income (loss) from continuing operations before income taxes
U.S.	$ (44.3)	$ (1.8)	$ (72.9)
Foreign	270.5	237.3	152.2
Income from continuing operations before tax	226.2	235.5	79.3
Current tax expense (benefit)
U.S. federal	2.8	0.5	(0.8)
State	1.6	0.9	(0.6)
Foreign	99.3	104.3	86.2
Current tax expense	103.7	105.7	84.8
Deferred tax expense (benefit)
U.S. federal	(59.3)	6.0	(7.9)
State	(0.1)	2.9	(1.6)
Foreign	(2.9)	5.7	(18.7)
Deferred tax expense (benefit)	(62.3)	14.6	(28.2)
Provision for income taxes of continuing operations	41.4	120.3	56.6
Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	41.4	120.3	56.6
Discontinued operations	(0.9)	0.6	(0.2)
Other comprehensive income (loss)	55.9	55.3	(12.4)
Equity	0.0	0.0	(0.6)
Comprehensive provision for income taxes	$ 96.4	$ 176.2	$ 43.4

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [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)	2022		2021

Land	$	49.9	50.4
Buildings	226.2		224.6
Leasehold improvements	271.7		271.4
Vehicles	755.2		712.7
Capitalized software(a)	237.0		233.2
DRS devices leased to customers	190.3		170.7
Other machinery and equipment	666.4		624.3
	2,396.7		2,287.3
Accumulated depreciation and amortization	(1,461.4)		(1,421.7)
Property and equipment, net	$	935.3	865.6

(a)Amortization of capitalized software costs included in continuing operations was $16.1 million in 2022, $14.5 million in 2021 and $14.7 million in 2020.

Segment information - Assets, Long Lived Assets, Revenues, Net Assets by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	$ 6,366.0	$ 5,566.7
Long-Lived Assets by Geographic Area	935.3	865.6
Revenues	4,535.5	4,200.2	$ 3,690.9
Net assets outside the U.S.	2,228.6	2,083.4
Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	5,985.2	5,201.5
Revenues	4,535.5	4,200.2	3,690.9
Corporate items
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	380.8	365.2
North America \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,949.9	1,674.2
Revenues	1,584.1	1,407.1	1,261.4
Latin America \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,180.6	1,018.9
Revenues	1,210.6	1,126.0	1,071.9
Europe \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,789.9	1,437.8
Revenues	931.4	917.3	753.8
Rest of World \| Reportable Segments:
Segment Reporting Information [Line Items]
Assets held by Reportable Segment	1,064.8	1,070.6
Revenues	809.4	749.8	603.8
Mexico
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	123.1	116.8
Revenues	452.6	416.1	366.3
Net assets outside the U.S.	206.1	131.6
France
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	89.4	81.6
Revenues	370.1	373.8	336.7
Net assets outside the U.S.	196.7	195.6
Brazil
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	72.5	61.8
Revenues	329.9	303.9	315.0
Net assets outside the U.S.	231.7	218.1
Canada
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	32.9	42.0
Revenues	124.5	138.3	129.8
ARGENTINA
Segment Reporting Information [Line Items]
Revenues	203.9	177.5	171.2
Net assets outside the U.S.	234.5	216.4
Netherlands
Segment Reporting Information [Line Items]
Revenues	124.3	129.3	97.9
Net assets outside the U.S.	151.8	136.8
Other
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	270.1	262.1
Revenues	1,470.6	1,392.6	1,142.4
Net assets outside the U.S.	1,207.8	1,184.9
Subtotal
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	634.0	568.0
Revenues	3,075.9	2,931.5	2,559.3
U.S.
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	301.3	297.6
Revenues	1,459.6	1,268.7	$ 1,131.6
UNITED KINGDOM
Segment Reporting Information [Line Items]
Long-Lived Assets by Geographic Area	$ 46.0	$ 3.7

Retirement Benefits - Retirement Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 8.1	$ 9.1	$ 9.7
Interest cost on projected benefit obligation	36.0	33.2	38.3
Return on assets – expected	(61.4)	(59.8)	(58.3)
Amortization of losses	26.2	40.6	33.7
Curtailment gain	(0.5)	(0.8)	(1.5)
Settlement loss	3.2	3.3	2.4
Net periodic pension cost (credit)	11.6	25.6	24.3
Retirement benefits other than pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0.1	0.1
Interest cost on projected benefit obligation	14.0	13.0	16.5
Return on assets – expected	(13.2)	(12.3)	(13.0)
Amortization of losses	17.3	26.5	24.8
Amortization of prior service cost	(4.9)	(5.0)	(5.0)
Net periodic pension cost (credit)	13.3	22.3	23.4
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.0	0.0	0.0
Interest cost on projected benefit obligation	10.3	9.8	12.7
Return on assets – expected	(13.2)	(12.3)	(13.0)
Amortization of losses	10.0	17.5	16.5
Amortization of prior service cost	(4.6)	(4.7)	(4.7)
Net periodic pension cost (credit)	2.5	10.3	11.5
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0.1	0.1
Interest cost on projected benefit obligation	3.7	3.2	3.8
Return on assets – expected	0.0	0.0	0.0
Amortization of losses	7.3	9.0	8.3
Amortization of prior service cost	(0.3)	(0.3)	(0.3)
Net periodic pension cost (credit)	10.8	12.0	11.9
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.0	0.0	0.0
Interest cost on projected benefit obligation	22.9	21.1	26.7
Return on assets – expected	(48.7)	(47.4)	(46.2)
Amortization of losses	24.2	34.0	28.6
Settlement loss	0.0	0.0	0.0
Net periodic pension cost (credit)	(1.6)	7.7	9.1
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	8.1	9.1	9.7
Interest cost on projected benefit obligation	13.1	12.1	11.6
Return on assets – expected	(12.7)	(12.4)	(12.1)
Amortization of losses	2.0	6.6	5.1
Curtailment gain	(0.5)	(0.8)	(1.5)
Settlement loss	3.2	3.3	2.4
Net periodic pension cost (credit)	$ 13.2	$ 17.9	$ 15.2

Other Operating Income (Expense)

12 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

Other Operating Income (Expense)


	Years Ended December 31,
(In millions)	2022		2021	2020

Foreign currency items:
Transaction losses(a)	$	(68.7)	(30.5)	(11.2)
Derivative instrument gains (losses)	42.0		24.2	(3.0)
Royalty income	9.1		5.6	4.8
Impairment losses	(9.0)		(9.5)	(11.6)
Indemnification asset adjustments(b)	(7.8)		—	—
Gains on sale of property and other assets	2.7		—	0.9

Share in earnings of equity method affiliates	2.1		1.1	0.8

Insurance recoveries - Internal Loss(c)	—		18.8	—
Gains related to litigation(d)	—		4.4	—
Indemnity for forced relocation(e)	—		1.7	—
Other	4.3		4.2	3.7
Other operating income (expense)	$	(25.3)	20.0	(15.6)

(a)Includes remeasurement losses in Argentina of $37.6 million in 2022, $9.0 million in 2021 and $7.7 million in 2020 related to highly inflationary accounting.

(b)Post-acquisition adjustments to indemnification assets recognized in previous business acquisitions.

(c)See details of the Internal Loss at Note 1.

(d)Gains recognized in the fourth quarter of 2021 in our Romanian operations related to favorable outcome of customer-related litigation.

(e)Indemnity received from the city of Paris to compensate for the forced relocation from a branch facility.

Retirement Benefits - Estimated OPEB Future Benefit Payments (Details) $ in Millions	Dec. 31, 2022 USD ($)
Retirement benefits other than pension
Estimated Future Benefits Payments [Line Items]
2023	$ 29.6
2024	28.9
2025	28.2
2026	27.4
2027	26.8
2028 through 2032	123.5
UMWA Plans
Estimated Future Benefits Payments [Line Items]
2023	20.0
2024	19.9
2025	19.8
2026	19.6
2027	19.5
2028 through 2032	92.8
Black Lung and Other Plans
Estimated Future Benefits Payments [Line Items]
2023	9.6
2024	9.0
2025	8.4
2026	7.8
2027	7.3
2028 through 2032	$ 30.7

Share-based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Nonvested share activity

Compensation expenses for the last three years and the amount of unrecognized expense for awards outstanding at December 31, 2022, 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, 2022
(in millions except years)	2022		2021	2020

Performance share units	$	34.9	22.3	20.2	$	22.5	1.6

Restricted stock units	12.0		8.5	6.0	8.5		1.6
Deferred stock units and fees paid in stock	1.3		1.3	1.2	0.4		0.4
Performance-based options	—		0.3	2.3	—		0.0
Time-based options	0.4		0.7	1.6	—		0.1
Cash based awards	1.3		1.0	1.4	1.8		1.7
Share-based payment expense	49.9		34.1	32.7
Income tax benefit	(11.5)		(8.1)	(7.4)
Share-based payment expense, net of tax	$	38.4	26.0	25.3

The following table summarizes RSU activity during 2022:


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

Nonvested balance as of December 31, 2021	251.1	$	74.37
Activity from January 1 to December 31, 2022:
Granted	247.4	64.30
Forfeited	(39.3)	70.21

Vested	(149.9)	73.53
Nonvested balance as of December 31, 2022	309.3	$	67.25

The following table summarizes all PSU activity during 2022:


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

Nonvested balance as of December 31, 2021	661.0	$	81.75
Activity from January 1 to December 31, 2022:
Granted	290.4	67.03
Forfeited or expired(a)	(82.5)	81.94

Vested(b)	(142.9)	77.61
Nonvested balance as of December 31, 2022	726.0	$	76.66

(a)Although the service condition had been met, 23.6 thousand TSR PSUs granted in 2019 expired in accordance with the market condition terms of the underlying award agreement. These units had a weighted average grant-date fair value of $105.57 per share.

(b)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, 2021 were 144.4 thousand, compared to target shares of 142.9 thousand.

The following table summarizes all DSU activity during 2022:


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

Nonvested balance as of December 31, 2021	14.3	$	78.74
Activity from January 1 to December 31, 2022:
Granted	19.7	54.74
Forfeited	—	—
Vested	(14.3)	78.76
Nonvested balance as of December 31, 2022	19.7	$	54.74

Share-based Compensation, Fair Value of Shares Vested

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


	Value of Shares Distributed or Exercised(a)
	Years Ended December 31,
(in millions)	2022		2021	2020

Performance share units	$	10.0	17.7	33.3

Restricted stock units	9.2		5.8	6.9
Deferred stock units and fees paid in stock	0.6		2.8	0.6
Performance-based options(a)	15.2		0.4	0.5
Time-based vesting options(a)	—		—	—
Total	$	35.0	26.7	41.3

Income tax benefit realized	$	8.1	6.1	9.0

(a)Intrinsic value for options.

Fair value of options calculation assumptions

The following table provides the terms and weighted-average assumptions used in the Monte Carlo simulation model for the TSR PSUs granted in 2022, 2021 and 2020:


Terms and Assumptions Used to Estimate Grant Date Fair Value	2022 TSR PSUs			2021 TSR PSUs			2020 TSR PSUs

Terms of awards:
Performance period	Jan. 1, 2022 to			Jan. 1, 2021 to			Jan. 1, 2020 to
	Dec. 31, 2024			Dec. 31, 2023			Dec. 31, 2022


Weighted-average assumptions used to estimate fair value:
Expected dividend yield(a)	1.2		%	0.8		%	0.7		%
Expected stock price volatility(b)	48.5		%	48.9		%	29.6		%
Risk-free interest rate(c)	1.8		%	0.2		%	1.4		%
Contractual term in years	2.8			2.9			2.9

Weighted-average fair value estimates at grant date:
In millions	$	3.4		$	2.7		$	3.6
Fair value per share	$	87.31		$	103.83		94.53

(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 2020:


Assumptions Used to Estimate Grant Date Fair Value of Time-Based Options	2020

Assumptions used to estimate fair value:
Expected dividend yield(a)	0.7		%
Expected stock price volatility(b)	29.7		%
Risk-free interest rate(c)	1.3		%
Expected term in years(d)	4.5

Weighted-average fair value estimates at grant date:
In millions	$	1.7
Fair value per share	$	21.10

(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, 2021(b)	946.5	$	45.36	$	10.25

Forfeited or expired	(15.3)	73.45		17.92
Exercised(b)	(485.0)	29.87		5.91
Outstanding at December 31, 2022(b)	446.2	$	61.23	$	14.70	0.5	$	0.3

Of the above, as of December 31, 2022:
Exercisable	446.2	$	61.23			0.5	$	0.3
Expected to vest in future periods(c)	—	$	—			—	$	—

(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, 2022 was $53.71.

(b)There were 946.5 thousand exercisable options with a weighted average exercise price of $45.36 at December 31, 2021 and 757.8 thousand exercisable options with a weighted average exercise price of $38.11 at December 31, 2020.

(c)At December 31, 2022, all outstanding performance options were vested.

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, 2021(b)	177.1	$	81.05	$	21.42

Forfeited or expired	(15.5)	80.21		21.51

Outstanding at December 31, 2022	161.6	$	81.13	$	21.41	2.5	$	—

Of the above, as of December 31, 2022:
Exercisable	102.7	$	79.26			2.1	$	—
Expected to vest in future periods(c)	58.9	$	84.39			3.1	$	—

(b)There were 2.7 thousand exercisable options with a weighted average exercise price of $84.65 at December 31, 2021 and December 31, 2020.

(c)The number of options expected to vest takes into account an estimate of expected forfeitures. We currently have applied a 5% expected forfeiture rate to the time-based vesting options.

Segment Information

12 Months Ended

Dec. 31, 2022

Segment information

Segment Information

We currently serve customers in more than 100 countries, including 53 countries where we operate subsidiaries.

We manage our business in the following four segments:

•North America – operations in the U.S. and Canada, including the Brink’s Global Services ("BGS") line of business,

•Europe – total operations in European countries that primarily provide services outside of the BGS line of business, and


	Revenues				Operating Profit
	Years Ended December 31,				Years Ended December 31,
(In millions)	2022		2021	2020	2022		2021	2020
Reportable Segments:
North America	$	1,584.1	1,407.1	1,261.4	$	159.1	148.4	91.7
Latin America	1,210.6		1,126.0	1,071.9	277.7		257.3	233.6
Europe	931.4		917.3	753.8	98.4		89.8	51.2
Rest of World	809.4		749.8	603.8	163.9		131.5	117.1
Total reportable segments	4,535.5		4,200.2	3,690.9	699.1		627.0	493.6
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	—	(161.5)		(141.7)	(116.3)
Foreign currency transaction gains (losses)	—		—	—	10.9		2.7	(6.5)
Reconciliation of segment policies to GAAP(a)	—		—	—	1.8		(17.5)	10.5
Other items not allocated to segments:
Reorganization and Restructuring(b)	—		—	—	(38.8)		(43.6)	(66.6)
Acquisitions and dispositions(c)	—		—	—	(86.6)		(71.9)	(83.1)
Argentina highly inflationary impact(d)	—		—	—	(41.7)		(11.9)	(10.7)
Change in allowance estimate(e)	—		—	—	(15.6)		—	—
Ship loss matter(f)	—		—	—	(4.9)		—	—
Chile antitrust matter(g)	—		—	—	(1.4)		(9.5)	—
Internal loss(h)	—		—	—	—		21.1	(6.9)
Reporting compliance(i)	—		—	—	—		—	(0.5)
Total	$	4,535.5	4,200.2	3,690.9	$	361.3	354.7	213.5

(a)This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP.

(e)Represents impact of a change in our methodology to estimate our allowance for doubtful accounts in the first quarter of 2022. See Note 1 and Note 16 for further details.

(f)We have excluded an estimate of our share of costs for damages and losses suffered by a ship owner that was carrying cargo for Brink's.

(g)See details regarding the Chile antitrust matter at Note 23.

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

(i)Costs (primarily third party expenses) related to lease accounting standard implementation. Additional information provided at page 28.


	Years Ended December 31,
(In millions)	2022		2021	2020

Capital Expenditures by Reportable Segment
North America	$	41.4	40.4	27.4
Latin America	50.1		45.0	35.1
Europe	50.5		50.6	33.4
Rest of World	34.4		26.0	16.6
Total reportable segments	176.4		162.0	112.5
Corporate items	6.2		5.9	6.0

Total	$	182.6	167.9	118.5

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	69.1	68.7	62.3
Latin America	49.1		46.2	44.0
Europe	39.6		41.4	32.2
Rest of World	23.6		23.2	20.0
Total reportable segments	181.4		179.5	158.5
Corporate items	8.4		9.7	9.1
Argentina highly inflationary impact	2.9		2.2	1.8
Acquisitions and dispositions	0.1		0.1	1.0
Reorganization and Restructuring	1.0		0.3	1.3
Depreciation and amortization of property and equipment	193.8		191.8	171.7

Amortization of intangible assets(a)	52.0		47.7	35.1
Total	$	245.8	239.5	206.8

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


	December 31,
(In millions)	2022		2021

Assets held by Reportable Segment
North America	$	1,949.9	1,674.2
Latin America	1,180.6		1,018.9
Europe	1,789.9		1,437.8
Rest of World	1,064.8		1,070.6
Total reportable segments	5,985.2		5,201.5
Corporate items	380.8		365.2
Total	$	6,366.0	5,566.7


	December 31,
(In millions)	2022		2021

Long-Lived Assets by Geographic Area(a)
Non-U.S.:
Mexico	$	123.1	116.8
France	89.4		81.6
Brazil	72.5		61.8
United Kingdom	46.0		3.7
Canada	32.9		42.0
Other	270.1		262.1
Subtotal	634.0		568.0
U.S.	301.3		297.6
Total	$	935.3	865.6

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


	Years Ended December 31,
(In millions)	2022		2021	2020

Revenues by Geographic Area(a)
Outside the U.S.:
Mexico	$	452.6	416.1	366.3
France	370.1		373.8	336.7
Brazil	329.9		303.9	315.0
Argentina	203.9		177.5	171.2
Canada	124.5		138.3	129.8
Netherlands	124.3		129.3	97.9
Other	1,470.6		1,392.6	1,142.4
Subtotal	3,075.9		2,931.5	2,559.3
U.S.	1,459.6		1,268.7	1,131.6
Total	$	4,535.5	4,200.2	3,690.9

(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)	2022		2021

Net assets outside the U.S.
Argentina	$	234.5	216.4
Brazil	231.7		218.1
Mexico	206.1		131.6
France	196.7		195.6
Netherlands	151.8		136.8

Other non-U.S. markets	1,207.8		1,184.9
Total	$	2,228.6	2,083.4

Beginning Balance at Dec. 31, 2019

Leases - Operating future minimum lease payments (Details) $ in Millions	Dec. 31, 2022 USD ($)
Operating Leased Assets [Line Items]
2023	$ 91.3
2024	75.1
2025	57.1
2026	45.1
2027	33.3
Later years	101.8
Total Lease Payments	403.7
Less: Interest	79.1
Present value of lease liabilities	324.6
Facilities
Operating Leased Assets [Line Items]
2023	66.6
2024	59.0
2025	47.7
2026	39.3
2027	30.8
Later years	100.9
Total Lease Payments	344.3
Less: Interest	73.8
Present value of lease liabilities	270.5
Vehicles
Operating Leased Assets [Line Items]
2023	10.0
2024	4.7
2025	2.7
2026	1.3
2027	0.6
Later years	0.9
Total Lease Payments	20.2
Less: Interest	1.5
Present value of lease liabilities	18.7
Other
Operating Leased Assets [Line Items]
2023	14.7
2024	11.4
2025	6.7
2026	4.5
2027	1.9
Later years	0.0
Total Lease Payments	39.2
Less: Interest	3.8
Present value of lease liabilities	$ 35.4

Consolidated Statement of Equity - USD ($)
shares in Millions, $ in Millions

Total

Cumulative Effect, Period of Adoption, Adjustment

Common Stock

Capital in Excess of Par Value

Retained Earnings

Cumulative Effect, Period of Adoption, Adjustment

AOCI*

Cumulative Effect, Period of Adoption, Adjustment

Noncontrolling Interests

$ 207.6

$ 50.1

$ 663.3

$ 457.4

$ (979.0)

$ 15.8

Beginning Balance (shares) at Dec. 31, 2019

50.1

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Tax cuts and jobs act, reclassification from AOCI to retained earnings, tax effect

^[1]

$ (1.7)

$ 0.0

21.9

16.0

5.9

Stock Repurchased During Period, Value

(16.2)

(21.0)

4.8

(50.0)

$ (1.1)

(14.9)

(34.0)

Stock Repurchased During Period, Shares

(1.1)

Dividends to:

Brink’s common shareholders ($0.80 per share)

(30.1)

Noncontrolling interests

(16.8)

Other share-based benefit transactions

Compensation expense

31.3

(7.5)

$ 0.5

(7.9)

(0.1)

Other share-based benefit transactions (shares)

0.5

Acquisitions with noncontrolling interests

64.0

Ending Balance at Dec. 31, 2020

$ 202.5

$ 0.5

^[2]

$ 49.5

671.8

407.5

$ 0.5

^[2]

(1,000.0)

73.7

Ending Balance (shares) at Dec. 31, 2020

49.5

Brink's common shareholders per share declared (dollars per share)

$ 0.60

$ 117.3

105.2

12.1

Stock Repurchased During Period, Value

89.5

92.1

(2.6)

(200.0)

$ (2.4)

(34.6)

(163.0)

Stock Repurchased During Period, Shares

(2.4)

Brink’s common shareholders ($0.80 per share)

(37.2)

Noncontrolling interests

(5.1)

Compensation expense

33.1

Consideration from exercise of stock options

2.3

Other share-based benefit transactions

(1.8)

$ 0.3

(2.0)

(0.1)

Other share-based benefit transactions (shares)

0.3

Acquisitions with noncontrolling interests

51.4

Capital contributions from noncontrolling interest

0.1

Ending Balance at Dec. 31, 2021

$ 252.6

$ 47.4

670.6

312.9

(907.9)

129.6

Ending Balance (shares) at Dec. 31, 2021

47.4

Brink's common shareholders per share declared (dollars per share)

$ 0.75

$ 181.9

170.6

11.3

Stock Repurchased During Period, Value

201.0

207.3

(6.3)

(52.2)

$ (1.5)

(22.1)

(28.6)

Stock Repurchased During Period, Shares

(1.5)

Brink’s common shareholders ($0.80 per share)

(37.6)

Noncontrolling interests

(7.1)

Compensation expense

48.6

Other share-based benefit transactions

(9.4)

$ 0.4

(9.7)

(0.1)

Other share-based benefit transactions (shares)

0.4

Acquisitions with noncontrolling interests

^[3]

(7.8)

(3.3)

0.1

(4.6)

0.1

Capital contributions from noncontrolling interest

0.1

Ending Balance at Dec. 31, 2022

$ 570.2

$ 46.3

$ 684.1

$ 417.2

$ (700.5)

$ 123.1

Ending Balance (shares) at Dec. 31, 2022

46.3

Brink's common shareholders per share declared (dollars per share)

$ 0.80

[1]	Effective January 1, 2020, we adopted the provisions of ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. We recognized a cumulative effect adjustment to January 1, 2020 retained earnings as a result of adopting this standard. See Note 1 for further details.
[2]	Effective January 1, 2021, we adopted the provisions of ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. We recognized a cumulative effect adjustment to January 1, 2021 retained earnings as a result of adopting this standard. See Note 1 for further details.
[3]	This amount represents the impact of transactions in which we acquired or disposed of noncontrolling ownership interests in certain companies where we had an existing controlling interest prior to and after the related acquisition or disposal transactions.

Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Reconciliation of Revenue and Operating Profit from Segments to Consolidated


	Revenues				Operating Profit
	Years Ended December 31,				Years Ended December 31,
(In millions)	2022		2021	2020	2022		2021	2020
Reportable Segments:
North America	$	1,584.1	1,407.1	1,261.4	$	159.1	148.4	91.7
Latin America	1,210.6		1,126.0	1,071.9	277.7		257.3	233.6
Europe	931.4		917.3	753.8	98.4		89.8	51.2
Rest of World	809.4		749.8	603.8	163.9		131.5	117.1
Total reportable segments	4,535.5		4,200.2	3,690.9	699.1		627.0	493.6
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	—	(161.5)		(141.7)	(116.3)
Foreign currency transaction gains (losses)	—		—	—	10.9		2.7	(6.5)
Reconciliation of segment policies to GAAP(a)	—		—	—	1.8		(17.5)	10.5
Other items not allocated to segments:
Reorganization and Restructuring(b)	—		—	—	(38.8)		(43.6)	(66.6)
Acquisitions and dispositions(c)	—		—	—	(86.6)		(71.9)	(83.1)
Argentina highly inflationary impact(d)	—		—	—	(41.7)		(11.9)	(10.7)
Change in allowance estimate(e)	—		—	—	(15.6)		—	—
Ship loss matter(f)	—		—	—	(4.9)		—	—
Chile antitrust matter(g)	—		—	—	(1.4)		(9.5)	—
Internal loss(h)	—		—	—	—		21.1	(6.9)
Reporting compliance(i)	—		—	—	—		—	(0.5)
Total	$	4,535.5	4,200.2	3,690.9	$	361.3	354.7	213.5

(a)This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP.

(e)Represents impact of a change in our methodology to estimate our allowance for doubtful accounts in the first quarter of 2022. See Note 1 and Note 16 for further details.

(f)We have excluded an estimate of our share of costs for damages and losses suffered by a ship owner that was carrying cargo for Brink's.

(g)See details regarding the Chile antitrust matter at Note 23.

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

(i)Costs (primarily third party expenses) related to lease accounting standard implementation. Additional information provided at page 28.

Schedule of Capital Expenditures, Depreciation and Amortization by Segment


	Years Ended December 31,
(In millions)	2022		2021	2020

Capital Expenditures by Reportable Segment
North America	$	41.4	40.4	27.4
Latin America	50.1		45.0	35.1
Europe	50.5		50.6	33.4
Rest of World	34.4		26.0	16.6
Total reportable segments	176.4		162.0	112.5
Corporate items	6.2		5.9	6.0

Total	$	182.6	167.9	118.5

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	69.1	68.7	62.3
Latin America	49.1		46.2	44.0
Europe	39.6		41.4	32.2
Rest of World	23.6		23.2	20.0
Total reportable segments	181.4		179.5	158.5
Corporate items	8.4		9.7	9.1
Argentina highly inflationary impact	2.9		2.2	1.8
Acquisitions and dispositions	0.1		0.1	1.0
Reorganization and Restructuring	1.0		0.3	1.3
Depreciation and amortization of property and equipment	193.8		191.8	171.7

Amortization of intangible assets(a)	52.0		47.7	35.1
Total	$	245.8	239.5	206.8

(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)	2022		2021

Assets held by Reportable Segment
North America	$	1,949.9	1,674.2
Latin America	1,180.6		1,018.9
Europe	1,789.9		1,437.8
Rest of World	1,064.8		1,070.6
Total reportable segments	5,985.2		5,201.5
Corporate items	380.8		365.2
Total	$	6,366.0	5,566.7

Schedule of Long Lived Assets By Geographic Areas


	December 31,
(In millions)	2022		2021

Long-Lived Assets by Geographic Area(a)
Non-U.S.:
Mexico	$	123.1	116.8
France	89.4		81.6
Brazil	72.5		61.8
United Kingdom	46.0		3.7
Canada	32.9		42.0
Other	270.1		262.1
Subtotal	634.0		568.0
U.S.	301.3		297.6
Total	$	935.3	865.6

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

Schedule of Revenue By Geographical Areas


	Years Ended December 31,
(In millions)	2022		2021	2020

Revenues by Geographic Area(a)
Outside the U.S.:
Mexico	$	452.6	416.1	366.3
France	370.1		373.8	336.7
Brazil	329.9		303.9	315.0
Argentina	203.9		177.5	171.2
Canada	124.5		138.3	129.8
Netherlands	124.3		129.3	97.9
Other	1,470.6		1,392.6	1,142.4
Subtotal	3,075.9		2,931.5	2,559.3
U.S.	1,459.6		1,268.7	1,131.6
Total	$	4,535.5	4,200.2	3,690.9

(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)	2022		2021

Net assets outside the U.S.
Argentina	$	234.5	216.4
Brazil	231.7		218.1
Mexico	206.1		131.6
France	196.7		195.6
Netherlands	151.8		136.8

Other non-U.S. markets	1,207.8		1,184.9
Total	$	2,228.6	2,083.4

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 972.0	$ 710.3
Restricted cash	438.5	376.4
Accounts receivable (net of allowance: 2022 - $38.3; 2021 - $16.9)	862.2	701.8
Prepaid expenses and other	324.7	211.0
Total current assets	2,597.4	1,999.5
Right-of-use assets, net	314.5	299.1
Property and equipment, net	935.3	865.6
Goodwill	1,450.9	1,411.7
Other intangibles	535.5	491.2
Deferred income taxes	246.2	239.4
Other	286.2	260.2
Total assets	6,366.0	5,566.7
Current liabilities:
Short-term borrowings	47.2	9.8
Current maturities of long-term debt	82.4	115.2
Accounts payable	296.5	211.2
Accrued liabilities	1,019.4	877.3
Restricted cash held for customers	229.3	215.5
Total current liabilities	1,674.8	1,429.0
Long-term debt	3,273.2	2,841.7
Accrued pension costs	131.0	219.3
Retirement benefits other than pensions	174.5	322.2
Lease liabilities	249.9	241.8
Deferred income taxes	67.8	49.2
Other	224.6	210.9
Total liabilities	5,795.8	5,314.1
Commitments and contingent liabilities (notes 4, 5, 15, 17, 23 and 24)
The Brink’s Company (“Brink’s”) shareholders:
Common stock	46.3	47.4
Capital in excess of par value	684.1	670.6
Retained earnings	417.2	312.9
Benefit plan adjustments	(290.7)	(474.0)
Foreign currency translation	(433.8)	(425.7)
Unrealized losses on available-for-sale securities	(0.6)	(0.1)
Gains (losses) on cash flow hedges	24.6	(8.1)
Accumulated other comprehensive loss	(700.5)	(907.9)
Brink’s shareholders	447.1	123.0
Noncontrolling interests	123.1	129.6
Total equity	570.2	252.6
Total liabilities and equity	$ 6,366.0	$ 5,566.7

Accumulated Other Comprehensive Income (Loss) - Amounts in OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	$ 208.5	$ 73.3	$ (73.0)
Amounts Arising During the Current Period, Income Tax	(43.0)	(37.3)	20.2
Amounts Reclassified to Net Income (Loss), Pretax	48.4	71.5	44.4
Amounts Reclassified to Net Income (Loss), income Tax	(12.9)	(18.0)	(7.8)
Other comprehensive income (loss)	201.0	89.5	(16.2)
Cost of revenues	3,461.9	3,235.8	2,877.3
Selling, general and administrative expenses	687.0	629.7	584.5
Interest and other income (expense)	3.7	(7.0)	(37.7)
Other operating income (expense)	25.3	(20.0)	15.6
Interest expense	138.8	112.2	96.5
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	197.3	120.5	(98.5)
Amounts Arising During the Current Period, Income Tax	(45.4)	(28.0)	22.7
Amounts Reclassified to Net Income (Loss), Pretax	41.5	64.6	56.7
Amounts Reclassified to Net Income (Loss), income Tax	(10.1)	(16.3)	(12.7)
Other comprehensive income (loss)	183.3	140.8	(31.8)
Foreign currency translation adjustments(b)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(6.5)	(52.6)	19.6
Amounts Arising During the Current Period, Income Tax	2.7	(6.8)	0.0
Amounts Reclassified to Net Income (Loss), Pretax	(5.8)	(4.1)	0.0
Amounts Reclassified to Net Income (Loss), income Tax	1.4	1.0	0.0
Other comprehensive income (loss)	(8.2)	(62.5)	19.6
Unrealized gains (losses) on available-for-sale securities
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(1.2)	(0.1)
Amounts Arising During the Current Period, Income Tax	0.5	0.0
Amounts Reclassified to Net Income (Loss), Pretax	0.3	0.0
Amounts Reclassified to Net Income (Loss), income Tax	(0.1)	0.0
Other comprehensive income (loss)	(0.5)	(0.1)	0.0
Gains (losses) on cash flow hedges
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	25.2	8.1	1.1
Amounts Arising During the Current Period, Income Tax	(0.8)	(2.5)	(2.5)
Amounts Reclassified to Net Income (Loss), Pretax	12.4	11.0	(12.3)
Amounts Reclassified to Net Income (Loss), income Tax	(4.1)	(2.7)	4.9
Other comprehensive income (loss)	32.7	13.9	(8.8)
Gains (losses) on cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income Loss [Line Items]
Other operating income (expense)	8.9	(0.1)	(22.1)
Interest expense	3.5	11.1	9.8
AOCI Attributable to Parent
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	214.8	75.9	(77.8)
Amounts Arising During the Current Period, Income Tax	(43.0)	(37.3)	20.2
Amounts Reclassified to Net Income (Loss), Pretax	48.4	71.5	44.4
Amounts Reclassified to Net Income (Loss), income Tax	(12.9)	(18.0)	(7.8)
Other comprehensive income (loss)	207.3	92.1	(21.0)
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	0.4	(0.4)	0.2
Amounts Arising During the Current Period, Income Tax			0.0
Amounts Reclassified to Net Income (Loss), Pretax			0.0
Amounts Reclassified to Net Income (Loss), income Tax			0.0
Other comprehensive income (loss)	0.4	(0.4)	0.2
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(6.7)	(2.2)	4.6
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)	(6.7)	(2.2)	4.6
AOCI Attributable to Noncontrolling Interest
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(6.3)	(2.6)	4.8
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)	(6.3)	(2.6)	4.8
Benefit plan adjustments(a)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	197.7	120.1	(98.3)
Amounts Arising During the Current Period, Income Tax	(45.4)	(28.0)	22.7
Amounts Reclassified to Net Income (Loss), Pretax	41.5	64.6	56.7
Amounts Reclassified to Net Income (Loss), income Tax	(10.1)	(16.3)	(12.7)
Other comprehensive income (loss)	183.7	140.4	(31.6)
Benefit plan adjustments(a) \| Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income Loss [Line Items]
Cost of revenues	6.3	7.2	7.7
Selling, general and administrative expenses	1.9	2.0	2.1
Interest and other income (expense)	16.7	38.7	37.9
Foreign currency translation adjustments(b)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(13.2)	(54.8)	24.2
Amounts Arising During the Current Period, Income Tax	2.7	(6.8)	0.0
Amounts Reclassified to Net Income (Loss), Pretax	(5.8)	(4.1)	0.0
Amounts Reclassified to Net Income (Loss), income Tax	1.4	1.0	0.0
Other comprehensive income (loss)	(14.9)	(64.7)	24.2
Unrealized gains (losses) on available-for-sale securities(c)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(1.2)	(0.1)
Amounts Arising During the Current Period, Income Tax	0.5	0.0
Amounts Reclassified to Net Income (Loss), Pretax	0.3	0.0
Amounts Reclassified to Net Income (Loss), income Tax	(0.1)	0.0
Other comprehensive income (loss)	(0.5)	(0.1)
Gains (losses) on cash flow hedges(d)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	25.2	8.1	1.1
Amounts Arising During the Current Period, Income Tax	(0.8)	(2.5)	(2.5)
Amounts Reclassified to Net Income (Loss), Pretax	12.4	11.0	(12.3)
Amounts Reclassified to Net Income (Loss), income Tax	(4.1)	(2.7)	4.9
Other comprehensive income (loss)	$ 32.7	$ 13.9	$ (8.8)

Leases - Other information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 106.1	$ 96.5	$ 100.4
Operating cash flows from finance leases	10.1	9.5	7.1
Financing cash flows from finance leases	48.2	43.0	34.8
Leased assets obtained in exchange for new operating lease obligations	101.0	54.0	123.6
Leased assets obtained in exchange for new finance lease obligations	$ 65.7	$ 85.9	$ 37.9
Weighted average remaining lease term operating leases (years)	6 years 3 months 18 days	6 years 8 months 12 days	7 years 2 months 12 days
Weighted average remaining lease term finance leases (years)	4 years 8 months 12 days	4 years 9 months 18 days	4 years 6 months
Weighted average discount rate operating leases (percent)	6.50%	6.40%	6.60%
Weighted average discount rate finance leases (percent)	5.50%	4.40%	4.90%

Accrued Liabilities

12 Months Ended

Dec. 31, 2022

Accrued Liabilities, Current [Abstract]

Accrued Liabilities


	December 31,
(In millions)	2022		2021

Payroll and other employee liabilities	$	175.8	159.6
Cash supply chain deposit liability	156.3		139.9
Taxes, except income taxes	127.0		100.4
Cash held by cash management services operations(a)	85.2		34.7
Operating lease liabilities	74.7		77.3
Accrued interest	31.7		16.3
Workers’ compensation and other claims	30.1		28.2
ATM surcharge/interchange payables	26.6		27.6
Income taxes payable	25.7		43.1
Acquisition and disposition related obligations	21.4		12.3
Contract liability	17.0		17.9
Retirement benefits (see Note 4)	16.4		15.9
Derivative instruments	10.5		9.8
Chile antitrust matter(b)	10.2		8.8
OASDI Tax (CARES Act) Liability	—		10.7
Other	210.8		174.8
Accrued liabilities	$	1,019.4	877.3

(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.

(b)See Note 23 for more information on the Chile antitrust matter.

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021

Land	$	49.9	50.4
Buildings	226.2		224.6
Leasehold improvements	271.7		271.4
Vehicles	755.2		712.7
Capitalized software(a)	237.0		233.2
DRS devices leased to customers	190.3		170.7
Other machinery and equipment	666.4		624.3
	2,396.7		2,287.3
Accumulated depreciation and amortization	(1,461.4)		(1,421.7)
Property and equipment, net	$	935.3	865.6

(a)Amortization of capitalized software costs included in continuing operations was $16.1 million in 2022, $14.5 million in 2021 and $14.7 million in 2020.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

Consolidation

Revenue Recognition

Revenue is recognized when services related to cash and valuables management, digital retail solutions, and ATM managed services 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.

Cash and Cash Equivalents

Restricted Cash

Cash that is held for a specific purpose and is not available for immediate or general business use due to external restrictions is classified in our consolidated balance sheets as restricted cash. In Malaysia, we offer ATM replenishment services to certain of our financial institution customers. Providing this service requires our Malaysia subsidiary to take temporary title to the cash received in advance of ATM replenishment. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering. In France, we offer services to certain of our customers where we manage some or all of their cash supply chains. In connection with this offering, we take temporary title to certain customers' cash, which is included as restricted cash in our financial statements due to customer agreement or regulation. In addition, in accordance with a revolving credit facility, we are required to maintain a restricted cash reserve and, due to this contractual restriction, we have classified these amounts as restricted cash (see Note 20).

Trade Accounts Receivable

Trade accounts receivable are recorded at the invoiced amount and do not bear interest. We assess the collectability of our receivables on a pool basis, which we aggregate by geographical location. We determine historical loss rates for each pool and these historical loss rates represent the primary assumption used in estimating the allowance for doubtful accounts. We monitor the aging of accounts receivables by country along with any significant economic events to identify any current or expected trends and risks within a pool that could impact the collectability of receivables that were not contemplated or relevant during a previous period. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. See "Internal Loss" and "New Accounting Standards" sections below as well as Note 16 for further information.

Right-of-Use Assets

For operating leases, right-of-use assets (and related lease liabilities) are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term. See Note 17 for further information.

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

Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. Intangible assets arising from business acquisitions include customer lists, customer relationships, developed technology, covenants not to compete, trademarks and other identifiable intangibles. At December 31, 2022, finite-lived intangible assets have remaining useful lives ranging from 1 to 14 years and are amortized based on the pattern in which the economic benefits are used or on a straight-line basis.

Impairment of Goodwill and Long-Lived Assets

•North America

•Latin America

•Europe

•Rest of World

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

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 2020, we incurred $0.3 million in costs (primarily third party expenses) to reconstruct the accounts receivables subledger. As a result, we estimated an increase to bad debt expense of $6.6 million in 2020. In 2021, we recognized a decrease in bad debt expense of $3.7 million, primarily related to collection of these receivables. We also recognized $1.3 million of legal charges in 2021 as we attempted to collect additional insurance recoveries related to these receivable losses. In the fourth quarter of 2021, we successfully collected $18.8 million of insurance recoveries related to these internal losses. In 2022, we did not incur any charges related to the internal loss.

We defined accounts receivable impacted by the embezzlement as accounts receivable recorded as of and prior to the third quarter of 2019. 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 amounts from segment results.

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

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt


	December 31,
(In millions)	2022		2021

Debt:
Short-term borrowings



Other (year-end weighted-average interest rate of 4.3% in 2022 and 6.7% in 2021)	$	47.2	9.8
Total short-term borrowings	$	47.2	9.8

Long-term debt
Bank credit facilities:
Term loan A (year-end weighted average interest rate of 5.7% in 2022 and 1.9% in 2021)
less unamortized issuance cost of $5.1 million in 2022 and $3.7 million in2021	$	1,377.4	1,224.7
Senior unsecured notes (year-end effective interest rate of 4.6% and 5.5% respectively for "2017 Senior Notes" and "2020 Senior Notes" in 2022 and 2021)
less unamortized issuance cost of $7.9 million in 2022 and $10.2 million in 2021	992.1		989.8
Revolving Credit Facility (year-end weighted average interest rate of 5.5% in 2022 and 2.5% in 2021)	646.9		495.0




Other facilities (year-end weighted-
average interest rate of 4.8% in 2022 and 1.6% in 2021)(a)	147.0		68.9
Financing leases (year-end weighted-average interest rate of 5.5% in 2022 and 4.4% in 2021)	192.2		178.5
Total long-term debt	$	3,355.6	2,956.9

Total Debt	$	3,402.8	2,966.7

Included in:
Current liabilities	$	129.6	125.0
Noncurrent liabilities	3,273.2		2,841.7
Total debt	$	3,402.8	2,966.7

(a)Other facilities includes $106.8 million related to the Brink’s Capital credit facility at December 31, 2022, compared to $57.5 million at December 31, 2021. The facility had $5,339.4 million in borrowings and $5,290.1 million in repayments in 2022, which is reflected in the long-term revolving credit facilities movement in the consolidated statements of cash flows.

Schedule of Minimum Repayments of Long-term Debt

Minimum repayments of long-term debt are as follows:


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

2023	$	43.0	39.4	82.4
2024	45.3		59.6	104.9
2025	36.6		592.5	629.1
2026	28.2		74.3	102.5
2027	15.9		2,404.9	2,420.8
Later years	23.2		5.7	28.9
Total	$	192.2	3,176.4	3,368.6

Schedule of Financing Lease Asset Classes

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


	December 31,
(In millions)	2022		2021

Asset class:
Buildings	$	6.3	6.5
Vehicles	332.9		300.7
Machinery and equipment	49.5		43.8
	388.7		351.0
Less: accumulated amortization	(170.8)		(144.5)
Total	$	217.9	206.5

Cover page - USD ($)	12 Months Ended
Cover page - USD ($)	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,516,583
Entity Public Float			$ 2,818,921,385
Document Fiscal Year Focus	2022
Amendment Flag	false
Document Fiscal Period Focus	FY
Entity Central Index Key	0000078890

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures


	Years Ended December 31,
(In millions)	2022		2021	2020

Cash paid for:
Interest	$	117.5	107.7	80.4
Income taxes, net	127.8		83.8	76.8

Reconciliation of cash, cash equivalents and restricted cash

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)	2022		2021
Cash and cash equivalents	$	972.0	710.3
Restricted cash	438.5		376.4
Total, cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	1,410.5	1,086.7

Interest and Other Nonoperating Income (Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and Other Income [Abstract]
Interest income	$ 23.6	$ 12.1	$ 5.6
Retirement benefit cost other than service cost	(16.7)	(38.7)	(37.9)
Foreign currency transaction gains (losses)(a)	2.4	0.4	(3.6)
Non-income taxes on intercompany billings	(2.3)	(3.9)	(4.6)
Argentina turnover tax	(1.8)
Gain (loss) on equity securities	0.0	16.0	10.6
G4S indemnification asset adjustment	0.0	2.7
Penalties and interest on non-income taxes	0.0	(1.8)
Gains related to litigation	0.0	1.7
Earn-out liability adjustment	0.0	1.3
Interest on non-income tax credits	0.0	1.2
Derivative instrument losses	0.0	0.0	(7.0)
Gain on a disposition of a subsidiary	0.0	0.0	(4.1)
Other	(1.5)	2.0	(4.9)
Interest and other nonoperating income (expense)	$ 3.7	$ (7.0)	$ (37.7)

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

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Accumulated Other Comprehensive Income [Abstract]

$ 252.6

$ 202.5

$ 207.6

201.0

89.5

(16.2)

^[1]

(7.8)

Accumulated Other Comprehensive Income [Abstract]

570.2

252.6

202.5

Benefit plan adjustments

Other comprehensive income (loss) before reclassifications

(474.0)

(614.8)

(583.0)

151.9

92.5

(75.8)

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

31.4

48.3

44.0

183.3

140.8

(31.8)

Foreign Currency Translation Adjustments

(290.7)

(474.0)

(614.8)

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

(425.7)

(363.2)

(382.8)

(3.8)

(59.4)

19.6

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

(4.4)

(3.1)

0.0

(8.2)

(62.5)

19.6

0.1

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

(433.8)

(425.7)

(363.2)

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

(0.1)

0.0

(0.7)

(0.1)

0.0

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

0.2

0.0

(0.5)

(0.1)

0.0

Gains (Losses) on Cash Flow Hedges

(0.6)

(0.1)

0.0

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

(8.1)

(22.0)

(13.2)

24.4

5.6

(1.4)

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

8.3

(7.4)

32.7

13.9

(8.8)

AOCI Attributable to Parent

24.6

(8.1)

(22.0)

Accumulated Other Comprehensive Income [Abstract]

Other comprehensive income (loss) before reclassifications

(907.9)

(1,000.0)

(979.0)

171.8

38.6

(57.6)

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

35.5

53.5

36.6

207.3

92.1

(21.0)

^[1]

0.1

Selling, general and administrative expenses

$ (700.5)

$ (907.9)

$ (1,000.0)

[1]	This amount represents the impact of transactions in which we acquired or disposed of noncontrolling ownership interests in certain companies where we had an existing controlling interest prior to and after the related acquisition or disposal transactions.

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

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Income Statement [Abstract]

Revenues

$ 4,535.5

$ 4,200.2

$ 3,690.9

Costs and expenses:

Cost of revenues

3,461.9

3,235.8

2,877.3

687.0

629.7

584.5

Total costs and expenses

4,148.9

3,865.5

3,461.8

Other operating income (expense)

(25.3)

20.0

(15.6)

Operating profit

361.3

354.7

213.5

Interest expense

(138.8)

(112.2)

(96.5)

Interest and other nonoperating income (expense)

3.7

(7.0)

(37.7)

Income from continuing operations before tax

226.2

235.5

79.3

Provision for income taxes

41.4

120.3

56.6

Income from continuing operations

184.8

115.2

22.7

Income (loss) from discontinued operations, net of tax

(2.9)

2.1

(0.8)

Less net income attributable to noncontrolling interests

181.9

117.3

21.9

11.3

12.1

5.9

Net income attributable to Brink’s

170.6

105.2

16.0

Amounts attributable to Brink’s:

Continuing operations

173.5

103.1

16.8

Discontinued operations

(2.9)

2.1

(0.8)

Net income attributable to Brink’s

$ 170.6

$ 105.2

$ 16.0

Basic:

Continuing operations (in dollars per share)

^[1]

$ 3.67

$ 2.08

$ 0.33

Discontinued operations (in dollars per share)

^[1]

(0.06)

0.04

(0.02)

Net income (in dollars per share)

^[1]

3.61

2.12

0.32

Diluted:

Continuing operations (in dollars per share)

^[1]

3.63

2.06

0.33

Discontinued operations (in dollars per share)

^[1]

(0.06)

0.04

(0.02)

Net income (in dollars per share)

^[1]

$ 3.57

$ 2.10

$ 0.31

Weighted-average shares

Basic (shares)

47.3

49.5

50.4

Diluted (shares)

47.8

50.1

50.8

[1]	Amounts may not add due to rounding.

Prepaid Expenses and Other (Tables)

12 Months Ended

Dec. 31, 2022

Prepaid Expense, Current [Abstract]

Schedule of Prepaid Expenses and Other

Prepaid Expenses and Other


	December 31,
(In millions)	2022		2021

Prepaid expenses	$	169.5	134.4
Derivative instruments	41.0		15.2
Income tax receivable	26.3		18.4
Other	87.9		43.0
Prepaid expenses and other	$	324.7	211.0

Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt


	December 31,
(In millions)	2022		2021

Debt:
Short-term borrowings



Other (year-end weighted-average interest rate of 4.3% in 2022 and 6.7% in 2021)	$	47.2	9.8
Total short-term borrowings	$	47.2	9.8

Long-term debt
Bank credit facilities:
Term loan A (year-end weighted average interest rate of 5.7% in 2022 and 1.9% in 2021)
less unamortized issuance cost of $5.1 million in 2022 and $3.7 million in2021	$	1,377.4	1,224.7
Senior unsecured notes (year-end effective interest rate of 4.6% and 5.5% respectively for "2017 Senior Notes" and "2020 Senior Notes" in 2022 and 2021)
less unamortized issuance cost of $7.9 million in 2022 and $10.2 million in 2021	992.1		989.8
Revolving Credit Facility (year-end weighted average interest rate of 5.5% in 2022 and 2.5% in 2021)	646.9		495.0




Other facilities (year-end weighted-
average interest rate of 4.8% in 2022 and 1.6% in 2021)(a)	147.0		68.9
Financing leases (year-end weighted-average interest rate of 5.5% in 2022 and 4.4% in 2021)	192.2		178.5
Total long-term debt	$	3,355.6	2,956.9

Total Debt	$	3,402.8	2,966.7

Included in:
Current liabilities	$	129.6	125.0
Noncurrent liabilities	3,273.2		2,841.7
Total debt	$	3,402.8	2,966.7

Long-Term Debt

Senior Secured Credit Facility

In June 2022, we amended our senior secured credit facility (the “Senior Secured Credit Facility”) with Bank of America, N.A. as administrative agent. After the amendment, the Senior Secured Credit Facility consisted of a $1 billion revolving credit facility (the "Revolving Credit Facility") and $1.4 billion of term loans (the "Term Loans").

All loans under the Revolving Credit Facility and the Term Loans mature on June 23, 2027. Principal payments for the Term Loans are due quarterly in an amount equal to 0.625% of the initial loan amount for the first eight quarterly installment payments and 1.25% for subsequent payments with a final lump sum payment due on June 23, 2027. Interest rates for the Senior Secured Credit Facility are based on the Secured Overnight Financing Rate ("SOFR") 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, 2022, $353 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 SOFR and alternate base rate borrowings under the Senior Secured Credit Facility is based on the Company’s total net debt leverage ratio. The margin on SOFR borrowings, which can range from 1.25% to 1.75%, was 1.50% at December 31, 2022. The margin on alternate base rate borrowings, which can range from 0.25% to 0.75%, was 0.50% as of December 31, 2022. We also pay an annual commitment fee on the unused portion of the Revolving Credit Facility based on the Company’s total net leverage ratio. The commitment fee, which can range from 0.15% to 0.28%, was 0.23% as of December 31, 2022.

Senior Unsecured Notes

In June 2020, we issued at par five-year senior unsecured notes (the "2020 Senior Notes") in the aggregate principal amount of $400 million. The 2020 Senior Notes will mature on July 15, 2025 and bear an annual interest rate of 5.5%. The 2020 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.

In October 2017, we issued at par ten-year senior unsecured notes (the "2017 Senior Notes" and together with the 2020 Senior Notes, the "Senior Notes") in the aggregate principal amount of $600 million. The 2017 Senior Notes will mature on October 15, 2027, bearing an annual interest rate of 4.625%. The 2017 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 Senior 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 2017 Senior Notes were used in part to repay certain prior indebtedness and certain fees and expenses related to the closing of certain transactions. Borrowings were used for working capital needs, capital expenditures, acquisitions and other general corporate purposes. The aggregate proceeds from the 2020 Senior Notes were used in part to repay certain existing indebtedness incurred in connection with the G4S acquisition, finance the remaining G4S acquisition transactions and pay certain fees and expenses related to the transactions. Remaining net proceeds from the 2020 Senior Notes 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 letters of credit facilities totaling $70 million, of which approximately $12 million was available at December 31, 2022. At December 31, 2022, we had undrawn letters of credit and guarantees of $58 million issued under these facilities. The $15 million facility expires in April 2025. The $32 million facility expires in October 2025 and the $24 million facility expires in May 2027.

We have two uncommitted letter of credit facilities totaling $55 million, of which approximately $29 million was available at December 31, 2022. At December 31, 2022, we had undrawn letters of credit and guarantees of $26 million issued under these facilities. The $40 million facility expires in March 2023. 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

2023	$	43.0	39.4	82.4
2024	45.3		59.6	104.9
2025	36.6		592.5	629.1
2026	28.2		74.3	102.5
2027	15.9		2,404.9	2,420.8
Later years	23.2		5.7	28.9
Total	$	192.2	3,176.4	3,368.6

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 covenants at December 31, 2022.

Financing Leases

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


	December 31,
(In millions)	2022		2021

Asset class:
Buildings	$	6.3	6.5
Vehicles	332.9		300.7
Machinery and equipment	49.5		43.8
	388.7		351.0
Less: accumulated amortization	(170.8)		(144.5)
Total	$	217.9	206.5

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Accelerated Share Repurchases

Capital Stock (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Below is a summary of each ASR entered into under the 2020 Repurchase Program:


	Upfront Payment		Shares Received	Average Repurchase Price

August 2020	$	50,000,000	849,978	$	58.83
September 2020	—		246,676	—
	$	50,000,000	1,096,654	$	45.59

August 2021	$	50,000,000	524,315	$	95.36
September 2021	—		131,384	—
	$	50,000,000	655,699	$	76.25

November 2021(a)	$	150,000,000	1,742,160	$	86.10
April 2022(a)	—		546,993	—
	$	150,000,000	2,289,153	$	65.53

	$	250,000,000	4,041,506	$	61.86

(a)We received 1,742,160 shares in November 2021. Under this ASR, the purchase period had a scheduled termination date of June 1, 2022, although the financial institution was eligible to early terminate the ASR after January 31, 2022. In April 2022, the financial institution early terminated this ASR and we received additional 546,993 shares.

Schedule of Weighted Average Number of Shares

Shares Used to Calculate Earnings per Share


	Years Ended December 31,
(In millions)	2022	2021	2020

Weighted-average shares

Basic(a)	47.3	49.5	50.4
Effect of dilutive stock awards	0.5	0.6	0.4
Diluted(a)	47.8	50.1	50.8

Antidilutive stock excluded from denominator (b)	0.6	0.4	0.6

(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 2022, 0.3 million in 2021 and 0.3 million in 2020.

(b)Under the November 2021 ASR, based on our stock prices from November 1, 2021 to March 31, 2022, we would have received additional shares under the ASR if the settlement date had been March 31, 2022. Because the ASR settlement date did not occur until April 2022 and because any anticipated receipt of additional shares of our common stock would have be antidilutive, no amounts were included the computation of diluted EPS. The antidilutive impact from the first quarter of 2022 continued to have year-to-date antidilutive impact for the remainder of 2022.

Segment information - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
Segment information - Narrative (Details) $ in Millions	Mar. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) country segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of countries in which the entity operates \| country		100
Number of operating segments \| segment		4
Change in allowance estimate \| $		$ 22.3	$ 3.4	$ 14.6
North America
Segment Reporting Information [Line Items]
Change in allowance estimate \| $	$ 12.3
Subsidiaries
Segment Reporting Information [Line Items]
Number of countries in which the entity operates \| country		53

Prepaid Expenses and Other (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 169.5	$ 134.4
Derivative instruments	41.0	15.2
Income tax receivable	26.3	18.4
Other	87.9	43.0
Prepaid expenses and other	$ 324.7	$ 211.0

Reorganization and Restructuring (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of the 2022 Global Restructuring Plan:


(In millions)	Severance Costs		Other	Total

Balance as of January 1, 2022	$	—	—	—
Expense	18.8		3.4	22.2
Payments and utilization	(8.1)		(3.4)	(11.5)

Foreign currency exchange effects	0.8		—	0.8
Balance as of December 31, 2022	$	11.5	—	11.5

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


(In millions)	Severance Costs		Other	Total

Balance as of December 31, 2020	$	9.3	—	9.3
Expense	37.6		6.0	43.6
Payments and utilization	(35.3)		(6.0)	(41.3)

Foreign currency exchange effects	(0.6)		—	(0.6)
Balance as of December 31, 2021	$	11.0	—	11.0
Expense (benefit)	15.5		5.4	20.9
Payments and utilization	(18.2)		(5.4)	(23.6)
Accrual adjustment	(4.3)		—	(4.3)
Foreign currency exchange effects	(1.3)		—	(1.3)
Balance as of December 31, 2022	$	2.7	—	2.7

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,396.7	$ 2,287.3
Accumulated depreciation and amortization	(1,461.4)	(1,421.7)
Property and equipment, net	935.3	865.6
Amortization	16.1	14.5	$ 14.7
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	49.9	50.4
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	226.2	224.6
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	271.7	271.4
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	755.2	712.7
Capitalized software(a)
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	237.0	233.2
DRS devices leased to customers
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	190.3	170.7
Other machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 666.4	$ 624.3

Retirement Benefits - Fair Value Measurements (Details) - Non-U.S. Plans - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 245.5	$ 360.3	$ 355.8
Level 1 \| Other plan assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	88.2	119.0
Level 2 \| Other plan assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45.3	75.7
Level 3 \| Other insurance contract value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2.7	3.0
Level 3 \| Insurance contract - guarantee value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	75.8	109.7
Fair Value Measured at Net Asset Value Per Share \| Other plan assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 33.5	$ 52.9

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

Dec. 31, 2022

Dec. 31, 2021

Jan. 01, 2021

Dec. 31, 2020

Jan. 01, 2020

Dec. 31, 2019

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

Cumulative effect of change in accounting principle

$ 570.2

$ 252.6

$ 202.5

$ 207.6

Cumulative Effect, Period of Adoption, Adjustment

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

Cumulative effect of change in accounting principle

^[1]

0.5

Retained Earnings

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

Cumulative effect of change in accounting principle

$ 417.2

$ 312.9

407.5

$ 457.4

Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment

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

Cumulative effect of change in accounting principle

^[1]

$ 0.5

Accounting Standards Update 2016-13 | Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment

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

Cumulative effect of change in accounting principle

$ 1.7

Accounting Standards Update 2019-12 | Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment

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

Cumulative effect of change in accounting principle

$ 0.5

[1]	Effective January 1, 2021, we adopted the provisions of ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. We recognized a cumulative effect adjustment to January 1, 2021 retained earnings as a result of adopting this standard. See Note 1 for further details.

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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Interest and Other Income [Abstract]

Interest and Other Nonoperating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Other Nonoperating Income (Expense)

Interest and Other Nonoperating Income (Expense)


	Years Ended December 31,
(In millions)	2022		2021	2020

Interest income	$	23.6	12.1	5.6
Retirement benefit cost other than service cost	(16.7)		(38.7)	(37.9)
Foreign currency transaction gains (losses)(a)	2.4		0.4	(3.6)
Non-income taxes on intercompany billings(b)	(2.3)		(3.9)	(4.6)
Argentina turnover tax	(1.8)		—	—
Gain (loss) on equity securities(c)	—		16.0	10.6
G4S indemnification asset adjustment(d)	—		2.7	—

Penalties and interest on non-income taxes(e)	—		(1.8)	—
Gains related to litigation(f)	—		1.7	—
Earn-out liability adjustment(g)	—		1.3	—
Interest on non-income tax credits(h)	—		1.2	—
Derivative instrument losses(i)	—		—	(7.0)
Gain on a disposition of a subsidiary(j)	—		—	4.1
Other	(1.5)		2.0	(4.9)
Interest and other nonoperating income (expense)	$	3.7	(7.0)	(37.7)

(a)Amounts primarily represent currency transaction gains and losses on contingent consideration payable related to G4S business acquisitions.

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

(c)The gain is primarily related to the market value increase of an investment in MoneyGram International, Inc. The investment was sold in 2021 and the gain was fully realized.

(d)Adjustment to indemnification asset related to business operations acquired from G4S. This adjustment was recognized outside of the measurement period for the related business operations acquired from G4S.

(e)Represents penalties and interest on non-income taxes that have not yet been paid.

(f)Related to a favorable court ruling in litigation with a customer of our Romania business. The court ruled that the customer must pay our subsidiary in Romania for services provided many years ago. The principal amount of the settlement is reported in operating income (expense). The penalties for years of non-payment are reported in interest and other nonoperating income (expense).

(g)Adjustment to the liability for contingent consideration pertaining to a 2019 business acquisition.

(h)Represents interest on non-income tax credits related to our business operations in Brazil. In the third quarter of 2021, our Brazil operations received a favorable court decision related to non-income taxes paid in prior years and will be able to recover the overpayments, plus interest, by reducing payments on future tax obligations.

(i)Represents loss on foreign currency forward contracts related to acquisition of business operations from G4S.

(j)This gain is primarily related to the sale of our former French security services subsidiary in the first quarter of 2020.

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021 are as follows:


	December 31, 2022
(In millions)	Beginning Balance		Acquisitions/ Dispositions(a)	Currency	Ending Balance

Goodwill:
North America	$	474.9	3.1	(0.5)	477.5
Latin America	214.1		2.7	3.5	220.3
Europe	302.5		61.3	(12.7)	351.1
Rest of World	420.2		(0.1)	(18.1)	402.0
Total Goodwill	$	1,411.7	67.0	(27.8)	1,450.9

(a)Includes adjustments related to the finalization of valuations in prior year acquisitions ($0.8 million decrease in North America and $0.1 million decrease in Rest of World ).


	December 31, 2021
(In millions)	Beginning Balance		Acquisitions/ Dispositions(a)	Currency	Ending Balance

Goodwill:
North America	$	347.9	126.9	0.1	474.9
Latin America	222.3		2.2	(10.4)	214.1
Europe	324.9		1.7	(24.1)	302.5
Rest of World	324.1		111.1	(15.0)	420.2
Total Goodwill	$	1,219.2	241.9	(49.4)	1,411.7

Schedule of Intangible Assets and Goodwill

The following table summarizes our other intangible assets by category:


	December 31, 2022				December 31, 2021
(In millions)	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Weighted-average amortization period

Customer relationships	$	639.2	(187.6)	451.6	$	581.9	(145.7)	436.2	10.1
Indefinite-lived trade names	7.9		—	7.9	7.6		—	7.6	—
Finite-lived trade names	38.9		(16.3)	22.6	28.6		(12.2)	16.4	5
Developed technology	60.7		(7.4)	53.3	34.7		(3.9)	30.8	10.7

Other	4.2		(4.1)	0.1	4.4		(4.2)	0.2	2
Total	$	750.9	(215.4)	535.5	$	657.2	(166.0)	491.2

Schedule of Expected Amortization Expense

Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2022, for the next five years is as follows:


(In millions)	2023		2024	2025	2026	2027

Amortization expense	$	56.0	55.7	55.1	52.8	49.8

Revenue from contracts with customers (Policies)	12 Months Ended
Revenue from contracts with customers (Policies)	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue RecognitionRevenue is recognized when services related to cash and valuables management, digital retail solutions, and ATM managed services 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. 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. 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 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, but are included in the above table as the amounts are a small percentage of overall revenues. Contract Balances Contract Assets 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 Latin 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. In our Rest of World segment, certain Brink's affiliates provide services to specific customers and, per contract, a portion of the consideration is retained by the customers until the contract is completed. The retention amounts are reported as contract assets until we have the right to bill the customer for these amounts. Contract assets expected to be collected within one year ($4.2 million at December 31, 2022) are included in prepaid expenses and other on the consolidated balance sheet. Amounts not expected to be billed and collected within one year ($8.4 million at December 31, 2022) are reported in other noncurrent assets on the consolidated balance sheet. Contract Liabilities 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 2022 that was included in the January 1, 2022 contract liability balance was $14.7 million. This revenue consists of services provided to customers who had prepaid for those services prior to the current year. Revenue recognized in the twelve months ended December 31, 2022 from performance obligations satisfied in the prior year was not significant. This revenue is a result of changes in the transaction price of our contracts with customers. Contract Costs Sales commissions directly related to obtaining new contracts with customers are capitalized when incurred and are then amortized to expense ratably over the term of the contracts. At December 31, 2022, the net capitalized costs to obtain contracts was included in other assets on the consolidated balance sheet. The capitalized amounts at December 31, 2022 and December 31, 2021 were $3.7 million and $2.0 million, respectively. The amortization expense in 2022 and 2021 was $1.3 million and $0.7 million, respectfully. 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.

Disclosure of accounting policy for revenue from contract with customer.

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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes


	Years Ended December 31,
(In millions)	2022		2021	2020

Income (loss) from continuing operations before income taxes
U.S.	$	(44.3)	(1.8)	(72.9)
Foreign	270.5		237.3	152.2
Income from continuing operations before income taxes	$	226.2	235.5	79.3


Provision (benefit) for income taxes from continuing operations
Current tax expense (benefit)
U.S. federal	$	2.8	0.5	(0.8)
State	1.6		0.9	(0.6)
Foreign	99.3		104.3	86.2
Current tax expense	103.7		105.7	84.8

Deferred tax expense (benefit)
U.S. federal	(59.3)		6.0	(7.9)
State	(0.1)		2.9	(1.6)
Foreign	(2.9)		5.7	(18.7)
Deferred tax expense (benefit)	(62.3)		14.6	(28.2)
Provision for income taxes of continuing operations	$	41.4	120.3	56.6


	Years Ended December 31,
(In millions)	2022		2021	2020

Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	$	41.4	120.3	56.6
Discontinued operations	(0.9)		0.6	(0.2)
Other comprehensive income (loss)	55.9		55.3	(12.4)
Equity	—		—	(0.6)
Comprehensive provision for income taxes	$	96.4	176.2	43.4

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 2022, 2021 and 2020.


	Years Ended December 31,
(In percentages)	2022		2021		2020

U.S. federal tax rate	21.0	%	21.0	%	21.0	%
Increases (reductions) in taxes due to:
Foreign rate differential	7.5		7.6		12.9
Taxes on cross border income, net of credits	6.9		4.6		11.0

Adjustments to valuation allowances	(21.1)		6.7		6.6
Foreign income taxes	(0.7)		6.1		10.6

French business tax	0.8		0.7		3.7
State income taxes, net	0.7		0.9		(1.6)
Share-based compensation	1.3		0.2		(3.1)
Acquisition costs	—		0.5		6.0
Other	1.9		2.8		4.3
Actual income tax rate on continuing operations	18.3	%	51.1	%	71.4	%

Components of Deferred Tax Assets and Liabilities


	December 31,
(In millions)	2022		2021

Deferred tax assets
Pension liabilities	$	33.5	53.1
Retirement benefits other than pensions	23.8		54.6
Lease liabilities	80.9		85.4
Workers’ compensation and other claims	27.5		35.5
Property and equipment, net	54.1		35.7
Other assets and liabilities	113.3		88.2
Net operating loss carryforwards	53.4		72.8
Interest limitations and other tax carryforwards(a)	20.6		6.0
Foreign tax and other tax credits(b)	57.4		82.8
Subtotal	464.5		514.1
Valuation allowances	(77.3)		(141.5)
Total deferred tax assets	387.2		372.6

Deferred tax liabilities


Right-of-use assets, net	76.8		76.9
Goodwill and other intangibles	100.3		76.7
Other assets and miscellaneous	31.7		28.8
Deferred tax liabilities	208.8		182.4
Net deferred tax asset	$	178.4	190.2

Included in:

Noncurrent assets	$	246.2	239.4

Noncurrent liabilities	(67.8)		(49.2)
Net deferred tax asset	$	178.4	190.2

(a)U.S. interest limitation carryforward of $10.8 million has an unlimited carryforward and is not subject to a valuation allowance. In addition, foreign interest limitation and other tax carryforwards of $9.8 million have an unlimited carryforward and are subject to a full valuation allowance.

(b)U.S. foreign tax credits of $54.0 million expire in various years between 2023 and 2031 and other remaining credits of $3.4 million have various expiration periods. The U.S. foreign tax credits and other credits have a valuation allowance of $10.3 million.

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, 2022.


	Years Ended December 31,
(In millions)	2022		2021	2020

Valuation allowances:
Beginning of year	$	141.5	128.1	118.3
Expiring tax credits	(0.2)		(0.7)	(0.4)
Acquisitions and dispositions	—		(0.8)	4.9
Changes in judgment about deferred tax assets(a)	(46.1)		8.8	(2.4)
Other changes in deferred tax assets, charged to:
Income from continuing operations	(1.4)		7.4	8.1

Other comprehensive income (loss)	(13.9)		(0.2)	(0.3)

Foreign currency exchange effects	(2.6)		(1.1)	(0.1)
End of year	$	77.3	141.5	128.1

(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. The 2022 change in judgment includes the impact of the U.S. final foreign tax credit regulations. We determined a significant amount of the post-2021 foreign withholding taxes will now be ineligible for U.S. foreign income tax credit treatment and therefore our U.S. operations will no longer annually be generating new foreign tax credits in excess of its annual foreign tax credit utilization limit. As a result, we expect to be able to utilize a substantial amount of our foreign tax credit and general business tax credit carryforwards to offset future tax prior to their expiration..

Net Operating Losses

The gross amount of the net operating loss carryforwards as of December 31, 2022, was $385.3 million. The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2022, was $53.4 million, and expires as follows:


(In millions)	Federal		State	Foreign	Total

Years of expiration
2023-2027	$	—	—	1.8	1.8
2028-2032	—		0.5	1.1	1.6
2033 and thereafter	—		9.7	4.2	13.9
Unlimited	4.2		1.7	30.2	36.1
	$	4.2	11.9	37.3	53.4

Uncertain Tax Positions

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


	Years Ended December 31,
(In millions)	2022		2021	2020

Uncertain tax positions:
Beginning of year	$	28.9	14.0	12.0
Increases related to prior-year tax positions	1.2		3.0	—
Decreases related to prior-year tax positions	(2.9)		(0.4)	(0.2)
Increases related to current-year tax positions	2.3		5.2	2.3
Increases related to acquisitions	0.3		11.8	4.1

Settlements	(2.4)		(2.5)	(2.1)
Effect of the expiration of statutes of limitation	(1.9)		(1.6)	(1.4)

Foreign currency exchange effects	(2.0)		(0.6)	(0.7)
End of year	$	23.5	28.9	14.0

Included in the balance of unrecognized tax benefits at December 31, 2022, are potential benefits of approximately $19.8 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 the 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 2022, 2021 and 2020 tax provisions was not significant. We had accrued interest and penalties of $5.8 million at December 31, 2022, and $7.6 million at December 31, 2021.

We file income tax returns in the U.S. federal and various state and foreign jurisdictions. As of December 31, 2022, we are subject to U.S. Federal income tax examination by tax authorities for the taxable year ending December 31, 2019, but with few exceptions, we are no longer subject to any state and local, or non-U.S. income tax examinations by tax authorities for years before 2019. Additionally, due to statute of limitations expirations and audit settlements, it is reasonably possible that approximately $3.8 million of currently remaining unrecognized tax positions may be recognized by the end of 2023.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) $ / $	Dec. 31, 2022 USD ($) $ / $	Dec. 31, 2022 USD ($) $ / $	Dec. 31, 2021 USD ($) reporting_unit $ / $	Dec. 31, 2020 USD ($) reporting_unit $ / $	Dec. 31, 2019 reporting_unit $ / $
Investment [Line Items]
Number of reporting units \| reporting_unit					4	9	8
Net monetary assets		$ 1,999.5	$ 2,597.4	$ 2,597.4	$ 1,999.5
Cash and cash equivalents		710.3	972.0	972.0	710.3
Goodwill		$ 1,411.7	1,450.9	1,450.9	1,411.7	$ 1,219.2
Argentina conversion losses				(68.7)	(30.5)	(11.2)
Insurance Recoveries				0.0	18.8	0.0
Change in allowance estimate				$ 22.3	$ 3.4	$ 14.6
Uncollectible Receivables
Investment [Line Items]
Change in allowance estimate	$ 16.7		$ 1.1
Minimum
Investment [Line Items]
Remaining useful lives (in years)				1 year
Maximum
Investment [Line Items]
Remaining useful lives (in years)				14 years
ARGENTINA \| Argentina, Pesos
Investment [Line Items]
Percent of Consolidated Revenue				4.00%	4.00%	5.00%
Rate decrease percent		19.00%	42.00%	42.00%	19.00%	29.00%
Official exchange rate \| $ / $		103.1	178.6	178.6	103.1	84.0	59.9
Currency remeasurement gain (loss)				$ (37.6)	$ (9.0)	$ (7.7)
Net monetary assets		$ 60.1	$ 66.2	66.2	60.1
Cash and cash equivalents		52.9	57.7	57.7	52.9
Net nonmonetary assets		155.3	168.2	168.2	155.3
Goodwill		99.8	99.8	99.8	99.8
Equity securities		8.2	1.9	1.9	8.2
Debt securities		4.3	$ 27.4	27.4	4.3
Argentina conversion losses						$ 10.4
Devaluation settled rates						100.00%
Internal Loss AR Rebuild
Investment [Line Items]
Third-party expense						$ 0.3
Increase (Decrease) to bad debt expense					3.7	6.6
Legal Fees					1.3
Insurance Recoveries		$ 18.8
Change in allowance estimate				$ 0.0	$ 0.0	$ 13.1

Retirement Benefits - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 01, 2020	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions		$ 9.6
Discount percent		50.00%
Defined contribution plan maximum annual contribution per employee percent	2.00%		2.00%
Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Unfunded commitments		$ 4.0
Structured credit(h) (l)
Defined Benefit Plan Disclosure [Line Items]
Required notice		65 days
Hedge fund of funds
Defined Benefit Plan Disclosure [Line Items]
Required notice		95 days
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation		$ 627.2	$ 839.5
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation		304.2	$ 448.2
Estimated contributions		8.1
Nonqualified U.S. pension plan
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions		$ 0.6
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost trend rate		7.00%	5.80%
Black lung health care cost ultimate rate		5.00%	5.00%
UMWA Plans \| Energy debt(k) (l)
Defined Benefit Plan Disclosure [Line Items]
Lockup provision		3 years
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost ultimate rate		5.00%
Canada Plan
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost trend rate		7.00%
Black lung health care cost ultimate rate		5.00%
Brazil Plan
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost trend rate		4.80%

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]

Indicates amendment to accounting standards.

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Goodwill and Other Intangible Assets - From Acquisitions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 1,411.7	$ 1,219.2
Acquisitions/Dispositions	67.0	241.9
Currency	(27.8)	(49.4)
Goodwill, Ending Balance	1,450.9	1,411.7
North America
Goodwill [Roll Forward]
Goodwill, Beginning Balance	474.9	347.9
Acquisitions/Dispositions	3.1	126.9
Currency	(0.5)	0.1
Goodwill, Ending Balance	477.5	474.9
Prior year acquisitions adjustments	(0.8)	0.1
Latin America
Goodwill [Roll Forward]
Goodwill, Beginning Balance	214.1	222.3
Acquisitions/Dispositions	2.7	2.2
Currency	3.5	(10.4)
Goodwill, Ending Balance	220.3	214.1
Europe
Goodwill [Roll Forward]
Goodwill, Beginning Balance	302.5	324.9
Acquisitions/Dispositions	61.3	1.7
Currency	(12.7)	(24.1)
Goodwill, Ending Balance	351.1	302.5
Prior year acquisitions adjustments		9.6
Rest of World
Goodwill [Roll Forward]
Goodwill, Beginning Balance	420.2	324.1
Acquisitions/Dispositions	(0.1)	111.1
Currency	(18.1)	(15.0)
Goodwill, Ending Balance	402.0	420.2
Prior year acquisitions adjustments	$ (0.1)	$ 4.8

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Debt - Minimum Repayments Long Term Debt (Details) $ in Millions	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2023	$ 82.4
2024	104.9
2025	629.1
2026	102.5
2027	2,420.8
Later years	28.9
Total	3,368.6
Financing leases
Debt Instrument [Line Items]
2023	43.0
2024	45.3
2025	36.6
2026	28.2
2027	15.9
Later years	23.2
Total	192.2
Other long-term debt
Debt Instrument [Line Items]
2023	39.4
2024	59.6
2025	592.5
2026	74.3
2027	2,404.9
Later years	5.7
Total	$ 3,176.4

Segment information - Capital Expenditures, Depreciation, Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	$ 182.6	$ 167.9	$ 118.5
Depreciation and Amortization by Reportable Segment	193.8	191.8	171.7
Amortization of intangible assets:	52.0	47.7	35.1
Depreciation and amortization	245.8	239.5	206.8
Reportable Segments:
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	176.4	162.0	112.5
Depreciation and Amortization by Reportable Segment	181.4	179.5	158.5
Reportable Segments: \| North America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	41.4	40.4	27.4
Depreciation and Amortization by Reportable Segment	69.1	68.7	62.3
Reportable Segments: \| Latin America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	50.1	45.0	35.1
Depreciation and Amortization by Reportable Segment	49.1	46.2	44.0
Reportable Segments: \| Europe
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	50.5	50.6	33.4
Depreciation and Amortization by Reportable Segment	39.6	41.4	32.2
Reportable Segments: \| Rest of World
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	34.4	26.0	16.6
Depreciation and Amortization by Reportable Segment	23.6	23.2	20.0
Corporate items
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	6.2	5.9	6.0
Depreciation and Amortization by Reportable Segment	8.4	9.7	9.1
Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	0.1	0.1	1.0
ARGENTINA \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	2.9	2.2	1.8
Reorganization and Restructuring \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	$ 1.0	$ 0.3	$ 1.3

Debt (Details) - USD ($) $ in Millions	12 Months Ended
Debt (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Short-term borrowings	$ 47.2	$ 9.8
Long-term Debt Types [Abstract]
Total long-term debt	3,355.6	2,956.9
Total Debt	3,402.8	2,966.7
Long Term Debt By Current And Noncurrent [Abstract]
Current liabilities	129.6	125.0
Noncurrent liabilities	3,273.2	2,841.7
Interest Rate And Other Disclosures [Abstract]
Long-term revolving credit facilities: Borrowings	7,058.7	3,385.5	$ 897.8
Long-term revolving credit facilities: Repayments	(6,832.7)	(2,836.8)	$ (1,008.9)
Brink's Capital credit facility
Interest Rate And Other Disclosures [Abstract]
Long-term revolving credit facilities: Borrowings	5,339.4
Long-term revolving credit facilities: Repayments	(5,290.1)
Term Loan A \| Senior Secured Credit Facility - Amended III
Long-term Debt Types [Abstract]
Long-term Debt	$ 1,377.4
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	5.70%
Debt issue cost	$ 5.1
Term Loan A \| Senior Secured Credit Facility - Amended II
Long-term Debt Types [Abstract]
Long-term Debt		$ 1,224.7
Interest Rate And Other Disclosures [Abstract]
Effective interest rate		1.90%
Debt issue cost		$ 3.7
Senior unsecured notes \| Six hundred million senior unsecured notes
Long-term Debt Types [Abstract]
Long-term Debt	$ 992.1	$ 989.8
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	4.60%	4.60%
Debt issue cost	$ 7.9	$ 10.2
Senior unsecured notes \| Four hundred million senior unsecured notes
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	5.50%	5.50%
Revolving Credit Facility
Long-term Debt Types [Abstract]
Debt	$ 646.9	$ 495.0
Interest Rate And Other Disclosures [Abstract]
Average interest rate	5.50%	2.50%
Other Non-US Dollar-denominated Facilities
Long-term Debt Types [Abstract]
Debt	$ 147.0	$ 68.9
Interest Rate And Other Disclosures [Abstract]
Average interest rate	4.80%	1.60%
Other Non-US Dollar-denominated Facilities \| Brink's Capital credit facility
Long-term Debt Types [Abstract]
Debt	$ 106.8	$ 57.5
Financing leases
Long-term Debt Types [Abstract]
Financing leases	$ 192.2	$ 178.5
Interest Rate And Other Disclosures [Abstract]
Average interest rate	5.50%	4.40%
Other
Debt Instrument [Line Items]
Short-term borrowings	$ 47.2	$ 9.8
Interest Rate And Other Disclosures [Abstract]
Short-term borrowings interest rate	4.30%	6.70%

Income Taxes - Valuation Allowances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning of year	$ 141.5	$ 128.1	$ 118.3
Expiring tax credits	(0.2)	(0.7)	(0.4)
Acquisitions and dispositions	0.0	(0.8)	4.9
Changes in judgment about deferred tax assets(a)	(46.1)	8.8	(2.4)
Income from continuing operations	173.5	103.1	16.8
Other comprehensive income (loss)	201.0	89.5	(16.2)
Foreign currency exchange effects	(2.6)	(1.1)	(0.1)
End of year	77.3	141.5	128.1
Valuation Allowance of Deferred Tax Assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Income from continuing operations	(1.4)	7.4	8.1
Other comprehensive income (loss)	$ (13.9)	$ (0.2)	$ (0.3)

Amount after tax of income (loss) from continuing operations attributable to the parent.

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-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information


	Years Ended December 31,
(In millions)	2022		2021	2020

Cash paid for:
Interest	$	117.5	107.7	80.4
Income taxes, net	127.8		83.8	76.8

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. Conversions under these other market mechanisms generally settle at rates that are less favorable than the rates at which we remeasure the financial statements of Brink’s Argentina. In 2020, cash outflows from the purchases of these financial instruments totaled $20.5 million and cash inflows from the sale of these financial instruments totaled $10.1 million, resulting in $10.4 million in conversion losses at rates that were approximately 100% less favorable than rates at which we remeasured the financial statements of Brink's Argentina. 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. We did not have any such conversions in 2021 and 2022.

Argentina Marketable Securities

In 2022 and 2021, we used available Argentine pesos to purchase equity and available for sale debt securities. Cash outflows for the purchase of these financial instruments totaled $27.6 million and $12.9 million, respectively, and are reported in investing activities. Cash inflows totaled $9.9 million in 2022. We did not have any cash inflows from the sale of these financial instruments in 2021. At the time of any future sale of these financial instruments, proceeds received will be solely in Argentine pesos.

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 $65.7 million in 2022, $85.9 million in 2021 and $31.4 million in 2020.

Loans Held for Investment

In France, as part of an ATM managed services contract for a large customer, we purchase the ATMs at the beginning of the contract. However, since these ATMs are specifically for the benefit of the customer and transfer back to the customer at the end of the contract, this is recorded as a financing transaction. As a result, the loan to the customer, net of payments received, is treated as investing cash flows.

Cash Paid for Acquisitions Included in Financing Activities In 2022, we paid $2.8 million in settlements related to the PAI acquisition. In 2021, we received $3.2 million related to settlements in the G4S acquisition and paid $1.1 million related to PAI settlements. In 2020, we paid $7.3 million related to the TVS acquisition completed in 2019. These payments are reported as cash outflows from financing activities as the payments were made more than three months after the acquisition date.

Restricted Cash (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. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering. Prior to the third quarter of 2020, as part of this service offering, we entered into lending arrangements with some of our customers. Cash borrowed under these lending arrangements was used in the process of managing these customers' cash supply chains, was restricted and could not be used for any other purpose other than to service these customers.

In Malaysia, we offer ATM replenishment services to certain of our financial institution customers. Providing this service requires our Malaysia subsidiary to take temporary title to the cash received in advance of ATM replenishment. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering.

In accordance with our revolving credit facilities, we are required to maintain restricted cash reserves totaling $40.7 million ($15.0 million at December 31, 2021) and, due to this contractual restriction, we have classified these amounts as restricted cash.

At December 31, 2022, we held $438.5 million of restricted cash ($229.3 million represented restricted cash held for customers and $156.3 million represented accrued liabilities). At December 31, 2021, we held $376.4 million of restricted cash ($215.5 million represented restricted cash held for customers and $139.9 million represented accrued liabilities).


	December 31,
(In millions)	2022		2021
Cash and cash equivalents	$	972.0	710.3
Restricted cash	438.5		376.4
Total, cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	1,410.5	1,086.7

Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

Components of Net Periodic Pension Cost (Credit)


(In millions)	U.S. Plans				Non-U.S. Plans				Total
Years Ended December 31,	2022		2021	2020	2022		2021	2020	2022		2021	2020

Service cost	$	—	—	—	$	8.1	9.1	9.7	$	8.1	9.1	9.7
Interest cost on projected benefit obligation	22.9		21.1	26.7	13.1		12.1	11.6	36.0		33.2	38.3
Return on assets – expected	(48.7)		(47.4)	(46.2)	(12.7)		(12.4)	(12.1)	(61.4)		(59.8)	(58.3)
Amortization of losses	24.2		34.0	28.6	2.0		6.6	5.1	26.2		40.6	33.7

Curtailment gain	—		—	—	(0.5)		(0.8)	(1.5)	(0.5)		(0.8)	(1.5)
Settlement loss(a)	—		—	—	3.2		3.3	2.4	3.2		3.3	2.4
Net periodic pension cost (credit)	$	(1.6)	7.7	9.1	$	13.2	17.9	15.2	$	11.6	25.6	24.3

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,	2022		2021	2020	2022		2021	2020	2022		2021	2020

Service cost	$	—	—	—	$	0.1	0.1	0.1	$	0.1	0.1	0.1
Interest cost on APBO	10.3		9.8	12.7	3.7		3.2	3.8	14.0		13.0	16.5
Return on assets – expected	(13.2)		(12.3)	(13.0)	—		—	—	(13.2)		(12.3)	(13.0)
Amortization of losses	10.0		17.5	16.5	7.3		9.0	8.3	17.3		26.5	24.8
Amortization of prior service credit	(4.6)		(4.7)	(4.7)	(0.3)		(0.3)	(0.3)	(4.9)		(5.0)	(5.0)

Net periodic postretirement cost	$	2.5	10.3	11.5	$	10.8	12.0	11.9	$	13.3	22.3	23.4

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,	2022		2021	2022	2021	2022	2021

Benefit obligation at beginning of year	$	839.5	908.0	492.2	519.8	1,331.7	1,427.8
Service cost	—		—	8.1	9.1	8.1	9.1
Interest cost	22.9		21.1	13.1	12.1	36.0	33.2
Participant contributions	—		—	0.3	0.4	0.3	0.4
Plan amendments	—		—	0.1	(0.7)	0.1	(0.7)
Plan combinations	—		—	0.9	7.6	0.9	7.6
Acquisitions	—		—	—	5.9	—	5.9
Curtailments	—		—	(0.4)	(1.1)	(0.4)	(1.1)
Settlements	—		—	(10.8)	(14.0)	(10.8)	(14.0)
Benefits paid	(45.0)		(46.9)	(16.1)	(13.8)	(61.1)	(60.7)

Actuarial gains	(190.2)		(42.7)	(127.3)	(16.9)	(317.5)	(59.6)
Foreign currency exchange effects	—		—	(25.4)	(16.2)	(25.4)	(16.2)
Benefit obligation at end of year	$	627.2	839.5	334.7	492.2	961.9	1,331.7

Fair value of plan assets at beginning of year	$	764.8	747.1	360.3	355.8	1,125.1	1,102.9
Return on assets – actual	(124.1)		63.9	(81.1)	22.8	(205.2)	86.7
Participant contributions	—		—	0.3	0.4	0.3	0.4

Plan combinations	—		—	0.9	5.0	0.9	5.0
Employer contributions	0.6		0.7	14.7	12.5	15.3	13.2

Settlements	—		—	(10.8)	(14.0)	(10.8)	(14.0)
Benefits paid	(45.0)		(46.9)	(16.1)	(13.8)	(61.1)	(60.7)

Foreign currency exchange effects	—		—	(22.7)	(8.4)	(22.7)	(8.4)
Fair value of plan assets at end of year	$	596.3	764.8	245.5	360.3	841.8	1,125.1

Funded status	$	(30.9)	(74.7)	(89.2)	(131.9)	(120.1)	(206.6)

Included in:
Noncurrent asset	$	—	—	17.7	18.4	17.7	18.4
Current liability, included in accrued liabilities	0.7		0.6	6.1	5.1	6.8	5.7
Noncurrent liability	30.2		74.1	100.8	145.2	131.0	219.3
Net pension liability	$	30.9	74.7	89.2	131.9	120.1	206.6

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,	2022		2021	2022	2021	2022	2021

APBO at beginning of year	$	397.4	440.1	113.0	117.9	510.4	558.0
Service cost	—		—	0.1	0.1	0.1	0.1
Interest cost	10.3		9.8	3.7	3.2	14.0	13.0
Plan amendments	(66.7)		—	—	—	(66.7)	—


Benefits paid	(20.3)		(22.9)	(9.0)	(8.1)	(29.3)	(31.0)

Actuarial (gains) losses, net	(86.8)		(29.6)	(18.9)	0.6	(105.7)	(29.0)
Foreign currency exchange effects	—		—	0.3	(0.7)	0.3	(0.7)
APBO at end of year	$	233.9	397.4	89.2	113.0	323.1	510.4

Fair value of plan assets at beginning of year	$	178.0	168.0	—	—	178.0	168.0
Return on assets – actual	(15.1)		32.9	—	—	(15.1)	32.9
Employer contributions	—		—	9.0	8.1	9.0	8.1
Net transfers from plan assets	(3.6)		—	—	—	(3.6)	—
Benefits paid	(20.3)		(22.9)	(9.0)	(8.1)	(29.3)	(31.0)

Fair value of plan assets at end of year	$	139.0	178.0	—	—	139.0	178.0

Funded status	$	(94.9)	(219.4)	(89.2)	(113.0)	(184.1)	(332.4)

Included in:
Current, included in accrued liabilities	$	—	—	9.6	10.2	9.6	10.2
Noncurrent	94.9		219.4	79.6	102.8	174.5	322.2
Retirement benefits other than pension liability	$	94.9	219.4	89.2	113.0	184.1	332.4

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

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,	2022		2021	2022	2021	2022	2021

Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(228.3)	(321.5)	(61.3)	(82.4)	(289.6)	(403.9)
Net actuarial gains arising during the year	17.4		59.2	33.5	10.5	50.9	69.7
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	24.2		34.0	5.2	9.9	29.4	43.9
Foreign currency exchange effects	—		—	3.7	0.7	3.7	0.7
End of year	$	(186.7)	(228.3)	(18.9)	(61.3)	(205.6)	(289.6)

Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year	$	—	—	0.1	(0.6)	0.1	(0.6)
Prior service credit (cost) from plan amendments during the year	—		—	(0.1)	0.7	(0.1)	0.7

Foreign currency exchange effects	—		—	(0.1)	—	(0.1)	—
End of year	$	—	—	(0.1)	0.1	(0.1)	0.1

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,	2022		2021	2022	2021	2022	2021

Benefit plan net actuarial gain (loss) recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(162.4)	(230.1)	(71.6)	(80.3)	(234.0)	(310.4)
Net actuarial gains (losses) arising during the year	58.5		50.2	18.9	(0.6)	77.4	49.6
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	10.0		17.5	7.3	9.0	17.3	26.5
Foreign currency exchange effects	—		—	(0.1)	0.3	(0.1)	0.3
End of year	$	(93.9)	(162.4)	(45.5)	(71.6)	(139.4)	(234.0)

Benefit plan prior service (cost) credit recognized in accumulated other comprehensive income (loss):
Beginning of year	$	18.6	23.3	0.6	0.9	19.2	24.2
Prior service credit from plan amendments during the year	66.7		—	—	—	66.7	—
Reclassification adjustment for amortization or curtailment of prior service cost included in net income (loss)	(4.6)		(4.7)	(0.3)	(0.3)	(4.9)	(5.0)
Foreign currency exchange effects	—		—	—	—	—	—
End of year	$	80.7	18.6	0.3	0.6	81.0	19.2

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


(In millions)	U.S. Plans			Non-U.S. Plans		Total
December 31,	2022		2021	2022	2021	2022	2021

Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	$	596.3	764.8	84.9	125.9	681.2	890.7
Accumulated benefit obligation	627.2		839.5	171.0	249.8	798.2	1,089.3
Projected benefit obligation	627.2		839.5	191.1	276.2	818.3	1,115.7

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
	2022		2021		2020		2022		2021		2020

Discount rate:
Pension cost	2.8	%	2.4	%	3.3	%	2.8	%	2.3	%	3.2	%
Benefit obligation at year end	5.4	%	2.8	%	2.4	%	5.4	%	2.8	%	2.3	%

Expected return on assets – pension cost	7.00	%	7.00	%	7.00	%	3.76	%	3.55	%	3.28	%

Average rate of increase in salaries(a):
Pension cost	N/A		N/A		N/A		1.6	%	1.9	%	2.6	%
Benefit obligation at year end	N/A		N/A		N/A		1.9	%	1.6	%	1.9	%

(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:


	2022		2021		2020

Weighted-average discount rate:
Postretirement cost:
UMWA plans	2.8	%	2.3	%	3.2	%
Black lung	2.7	%	2.2	%	3.1	%
Weighted-average	2.9	%	2.4	%	3.3	%
Benefit obligation at year end:
UMWA plans	5.4	%	2.8	%	2.3	%
Black lung	5.4	%	2.7	%	2.2	%
Weighted-average	5.6	%	2.9	%	2.4	%
Expected return on assets	8.00	%	8.00	%	8.00	%

Schedule of Expected Benefit Payments

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2022, are as follows:


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

2023	$	48.8	18.8	67.6
2024	48.7		18.1	66.8
2025	48.6		18.8	67.4
2026	48.5		20.6	69.1
2027	48.2		21.6	69.8
2028 through 2032	231.7		136.7	368.4

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2022, are as follows:


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

2023	$	20.0	9.6	29.6
2024	19.9		9.0	28.9
2025	19.8		8.4	28.2
2026	19.6		7.8	27.4
2027	19.5		7.3	26.8
2028 through 2032	92.8		30.7	123.5

Schedule of Allocation of Plan Assets


		December 31, 2022				December 31, 2021
(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	—	—	3.9	—	—
Equity securities:
U.S. large-cap(a)	1	90.2		15	16	150.4	20	20
U.S. small/mid-cap(a)	1	27.9		5	5	52.4	7	7
International(a)	1	99.2		17	17	162.5	21	22
Emerging markets(b)	1	11.5		2	2	29.0	4	4
Dynamic asset allocation(c)	1	28.1		5	5	52.5	7	7

Fixed-income securities:
Long duration - mutual fund(d)	1	189.4		44	45	186.7	29	30
Long duration - Treasury strips(d)	2	74.9				38.3


Other types of investments:

Core property(g) (l)		36.2		6	5	43.7	6	5
Structured credit(h) (l)		35.1		6	5	45.4	6	5
Total		$	596.3	100	100	764.8	100	100

UMWA Plans
Cash, cash equivalents and receivables		$	0.2	—	—	—	—	—
Equity securities:
U.S. large-cap(a)	1	25.6		18	22	32.8	18	19
U.S. small/mid-cap(a)	1	10.0		7	10	13.8	8	8
International(a)	1	28.2		20	24	40.4	23	24
Emerging markets(b)	1	4.9		4	4	6.7	4	4
Dynamic asset allocation(c)	1	8.5		6	7	12.1	7	7
Fixed-income securities:
High yield(e)	1	2.4		2	2	3.5	2	2
Emerging markets(f)	1	5.0		4	4	6.7	4	4
Multi asset real return(i)	1	6.1		4	5	8.6	5	5
Other types of investments:

Core property(g) (l)		20.6		15	10	16.6	9	10
Structured credit(h) (l)		12.8		9	5	13.1	7	5
Global private equity(j) (l)		11.9		9	7	13.9	8	7
Energy debt(k) (l)		2.8		2	—	9.8	5	5
Total		$	139.0	100	100	178.0	100	100

(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.


	December 31, 2022				December 31, 2021
(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	$	0.7	—	—	0.8	—	—
Equity securities:
U.S. equity funds(a)	9.6				22.8
Canadian equity funds(a)	3.6				9.6
European equity funds(a)	1.4				4.5


Other global equity funds(a)	15.4				38.5
Total equity securities	30.0		12	13	75.4	21	18
Fixed-income securities:

Canadian fixed-income securities(b)	42.0				71.5
European fixed-income funds(c)	11.0				9.8
High-yield(d)	0.7				2.0
Emerging markets(e)	0.7				2.1
Long-duration(f)	59.5				63.9
Total fixed-income securities	113.9		47	47	149.3	42	44
Other types of investments:
Guaranteed contract value(g)	75.8		31	33	109.7	30	32


Property funds(h)	9.6		10	7	9.4	7	6
Global infrastructure fund(i)	6.8				9.7
Other	8.7				6.0
Total other types of investments	100.9				134.8
Total	$	245.5	100	100	360.3	100	100

(d)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.

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

(g)This represents the guaranteed contract value of insurance contracts in the Netherlands pension plan.

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

Schedule of Changes of Level 3 Plan Assets

Non-U.S. Plans - Fair Value Measurements


(In millions)	December 31, 2022		December 31, 2021

Quoted prices in active markets for identical assets (Level 1)	$	88.2	119.0
Significant other observable inputs (Level 2)	45.3		75.7
Guaranteed contract value (Level 3)(a)	75.8		109.7
Other insurance contract value (Level 3)(b)	2.7		3.0
Net asset value per share practical expedient(c)	33.5		52.9
Total fair value	$	245.5	360.3

Schedule of Costs of Retirement Plans

Our matching contribution expense is as follows:


(In millions)
Years Ended December 31,	2022		2021	2020

U.S. 401(K)	$	7.6	6.5	2.0
Other plans	11.5		12.6	9.9
Total	$	19.1	19.1	11.9

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Supplemental balance sheet disclosure leases

The components of lease assets and liabilities were as follows:


		December 31,
(In millions)	Balance sheet classification	2022		2021
Assets:
Operating lease assets	Right-of-use assets, net	$	314.5	$	299.1
Finance lease assets	Property and equipment, net	217.9		206.5
Total leased assets		$	532.4	$	505.6

Liabilities:
Current:
Operating	Accrued liabilities	$	74.7	$	77.3
Financing	Current maturities of long-term debt	43.0		43.0
Noncurrent:
Operating	Lease liabilities	249.9		241.8
Financing	Long-term debt	149.2		135.5
Total lease liabilities		$	516.8	$	497.6

Lease expenses

The components of lease expense were as follows:


	Years Ended December 31,
(In millions)	2022		2021		2020

Operating lease cost(a)	$	133.6	$	149.4	$	131.4
Short-term lease cost	28.9		21.2		18.9
Finance lease cost:
Amortization of related assets	37.9		38.3		28.2
Interest on related liabilities	10.1		9.5		7.1
Total lease cost	$	210.5	$	218.4	$	185.6

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

Other information leases

Other information related to leases was as follows:


	Years Ended December 31,
(In millions, except for lease term and discount rate)	2022			2021			2020

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	106.1		$	96.5		$	100.4
Operating cash flows from finance leases	10.1			9.5			7.1
Financing cash flows from finance leases	48.2			43.0			34.8
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	101.0			54.0			123.6
Finance leases	65.7			85.9			37.9

Weighted Average Remaining Lease Term

Operating leases	6.3 years			6.7 years			7.2 years
Finance leases	4.7 years			4.8 years			4.5 years

Weighted Average Discount Rate

Operating leases	6.5		%	6.4		%	6.6		%
Finance leases	5.5		%	4.4		%	4.9		%

Operating lease future minimum lease payments

As of December 31, 2022, 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

2023	$	66.6	10.0		14.7	91.3
2024	59.0		4.7		11.4	75.1
2025	47.7		2.7		6.7	57.1
2026	39.3		1.3		4.5	45.1
2027	30.8		0.6		1.9	33.3
Later years	100.9		0.9		—	101.8
Total Lease Payments	$	344.3	20.2		39.2	403.7
Less: Interest	73.8		1.5		3.8	79.1
Present value of lease liabilities	$	270.5	$	18.7	35.4	324.6

Financing lease minimum repayments

As of December 31, 2022, minimum repayments of long-term debt under financing leases were as follows:


(In millions)

2023	$	43.0
2024	45.3
2025	36.6
2026	28.2
2027	15.9
Later years	23.2
Total	$	192.2

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 181.9	$ 117.3	$ 21.9
Adjustments to reconcile net income to net cash provided by operating activities:
(Income) loss from discontinued operations, net of tax	2.9	(2.1)	0.8
Depreciation and amortization	245.8	239.5	206.8
Share-based compensation expense	48.6	33.1	31.3
Deferred income taxes	(62.3)	14.6	(28.2)
(Gain) loss on sale of property, equipment and marketable securities	0.7	(17.7)	(11.6)
Gain on business dispositions	0.0	0.0	(4.1)
Impairment losses	9.0	9.5	11.6
Retirement benefit funding (more) less than expense:
Pension	(3.7)	12.4	9.5
Other than pension	7.9	14.2	14.3
Remeasurement losses due to Argentina currency devaluation	37.6	9.0	7.7
Other operating	23.6	(5.8)	15.6
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable and income taxes receivable	(180.9)	(21.2)	45.1
Accounts payable, income taxes payable and accrued liabilities	139.2	45.1	(114.5)
Restricted cash held for customers	50.0	60.2	116.3
Customer obligations	50.0	15.7	(6.5)
Prepaid and other current assets	(56.7)	(16.8)	(24.5)
Other	(13.7)	(29.0)	26.2
Net cash provided by operating activities	479.9	478.0	317.7
Cash flows from investing activities:
Capital expenditures	(182.6)	(167.9)	(118.5)
Acquisitions, net of cash acquired	(173.9)	(313.2)	(439.7)
Dispositions, net of cash disposed	0.0	0.0	(2.6)
Marketable securities:
Purchases	(30.3)	(15.6)	(2.9)
Sales	11.7	35.1	2.0
Cash proceeds from sale of property, equipment and investments	5.7	7.7	5.3
Cash proceeds from settlement of cross currency swap	64.3	0.0	0.0
Net change in loans held for investment	(25.9)	0.0	0.0
Other	(0.2)	(0.8)	(9.0)
Net cash used by investing activities	(331.2)	(454.7)	(565.4)
Cash flows from financing activities:
Short-term borrowings	37.7	(4.3)	(3.9)
Cash supply chain customer debt	0.0	0.0	(10.5)
Long-term revolving credit facilities: Borrowings	7,058.7	3,385.5	897.8
Long-term revolving credit facilities: Repayments	(6,832.7)	(2,836.8)	(1,008.9)
Other long-term debt: Borrowings	189.9	7.7	1,022.6
Other long-term debt: Repayments	(87.0)	(140.7)	(98.5)
Acquisition of noncontrolling interests	(7.8)	0.0	0.0
Cash received from acquisition related settlements	0.0	6.2	9.7
Cash paid for acquisition related settlements and obligations	(2.8)	(4.0)	(7.3)
Debt financing costs	(5.6)	(0.8)	(13.2)
Repurchase shares of Brink's common stock	(52.2)	(200.0)	(50.0)
Dividends to:
Shareholders of Brink’s	(37.6)	(37.2)	(30.1)
Noncontrolling interests in subsidiaries	(7.1)	(5.1)	(16.8)
Proceeds from exercise of stock options	0.0	2.3	0.0
Tax withholdings associated with share-based compensation	(12.2)	(5.5)	(10.3)
Other	3.9	4.0	3.1
Net cash provided by financing activities	245.2	171.3	683.7
Effect of exchange rate changes on cash and cash equivalents	(70.1)	(50.8)	37.9
Cash, cash equivalents and restricted cash:
Increase	323.8	143.8	473.9
Balance at beginning of period	1,086.7	942.9	469.0
Balance at end of period	$ 1,410.5	$ 1,086.7	$ 942.9

Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Uncertain tax positions:
Beginning of year	$ 28.9	$ 14.0	$ 12.0
Increases related to prior-year tax positions	1.2	3.0	0.0
Decreases related to prior-year tax positions	(2.9)	(0.4)	(0.2)
Increases related to current-year tax positions	2.3	5.2	2.3
Increases related to acquisitions	0.3	11.8	4.1
Settlements	(2.4)	(2.5)	(2.1)
Effect of the expiration of statutes of limitation	(1.9)	(1.6)	(1.4)
Foreign currency exchange effects	(2.0)	(0.6)	(0.7)
End of year	$ 23.5	$ 28.9	$ 14.0

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 750.9	$ 657.2
Accumulated Amortization	(215.4)	(166.0)
Net Carrying Amount	535.5	491.2
Amortization of intangible assets	52.0	47.7	$ 35.1
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2023	56.0
2024	55.7
2025	55.1
2026	52.8
2027	49.8
Indefinite-lived trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7.9	7.6
Accumulated Amortization	0.0	0.0
Net Carrying Amount	7.9	7.6
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	639.2	581.9
Accumulated Amortization	(187.6)	(145.7)
Net Carrying Amount	$ 451.6	436.2
Weighted-average amortization period	10 years 1 month 6 days
Finite-lived trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 38.9	28.6
Accumulated Amortization	(16.3)	(12.2)
Net Carrying Amount	$ 22.6	16.4
Weighted-average amortization period	5 years
Amortization of intangible assets	$ 52.0	47.7
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	60.7	34.7
Accumulated Amortization	(7.4)	(3.9)
Net Carrying Amount	$ 53.3	30.8
Weighted-average amortization period	10 years 8 months 12 days
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4.2	4.4
Accumulated Amortization	(4.1)	(4.2)
Net Carrying Amount	$ 0.1	$ 0.2
Weighted-average amortization period	2 years

Segment information - Revenue And Operating Profits (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues				$ 4,535.5	$ 4,200.2	$ 3,690.9
Operating Profit				361.3	354.7	213.5
Foreign currency transaction gains (losses)				(68.7)	(30.5)	(11.2)
Change in allowance estimate				22.3	3.4	14.6
Uncollectible Receivables
Segment Reporting Information [Line Items]
Change in allowance estimate	$ 16.7		$ 1.1
Reportable Segments:
Segment Reporting Information [Line Items]
Revenues				4,535.5	4,200.2	3,690.9
Operating Profit				699.1	627.0	493.6
Corporate expenses:
Segment Reporting Information [Line Items]
General, administrative and other expenses				(161.5)	(141.7)	(116.3)
Foreign currency transaction gains (losses)				10.9	2.7	(6.5)
Reconciliation of segment policies to GAAP				1.8	(17.5)	10.5
Other items not allocated to segments:
Segment Reporting Information [Line Items]
Acquisitions and dispositions, revenues				0.0	0.0	0.0
Reorganization and Restructuring				(38.8)	(43.6)	(66.6)
Acquisitions and dispositions				(86.6)	(71.9)	(83.1)
Reporting compliance				0.0	0.0	(0.5)
Other items not allocated to segments: \| Uncollectible Receivables
Segment Reporting Information [Line Items]
Change in allowance estimate				(15.6)
ARGENTINA
Segment Reporting Information [Line Items]
Revenues				203.9	177.5	171.2
ARGENTINA \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Argentina highly inflationary impact				(41.7)	(11.9)	(10.7)
North America
Segment Reporting Information [Line Items]
Change in allowance estimate		$ 12.3
North America \| Reportable Segments:
Segment Reporting Information [Line Items]
Revenues				1,584.1	1,407.1	1,261.4
Operating Profit				159.1	148.4	91.7
Latin America \| Reportable Segments:
Segment Reporting Information [Line Items]
Revenues				1,210.6	1,126.0	1,071.9
Operating Profit				277.7	257.3	233.6
Europe \| Reportable Segments:
Segment Reporting Information [Line Items]
Revenues				931.4	917.3	753.8
Operating Profit				98.4	89.8	51.2
Rest of World \| Reportable Segments:
Segment Reporting Information [Line Items]
Revenues				809.4	749.8	603.8
Operating Profit				163.9	131.5	117.1
Internal Loss AR Rebuild
Segment Reporting Information [Line Items]
Change in allowance estimate				0.0	0.0	13.1
Internal loss					(3.7)	(6.6)
Internal Loss AR Rebuild \| Other items not allocated to segments:
Segment Reporting Information [Line Items]
Revenues				0.0	0.0	0.0
Internal loss				$ 0.0	$ 21.1	$ (6.9)

Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Workers’ compensation and other claims	$ 72.6	$ 74.5
Asset retirement and remediation obligations	31.9	27.4
Acquisition-related obligations	21.5	24.3
Deferred compensation	20.0	13.1
Noncurrent tax liabilities	19.3	21.4
Derivative instruments	18.3	5.6
Post-employment benefits	5.9	7.0
Other	35.1	37.6
Other liabilities	$ 224.6	$ 210.9

Share-Based Compensation Plans - Terms and Assumptions (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
TSR PSU
Weighted-average assumptions used to estimate fair value:
Expected dividend yield	1.20%	0.80%	0.70%
Expected stock price volatility	48.50%	48.90%	29.60%
Risk-free interest rate	1.80%	0.20%	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	$ 3.4	$ 2.7	$ 3.6
Weighted-average fair value estimate per share (in dollars per share)	$ 87.31	$ 103.83	$ 94.53
Dividend yield	0.00%
Time Based Vesting Option
Weighted-average assumptions used to estimate fair value:
Expected dividend yield			0.70%
Expected stock price volatility			29.70%
Risk-free interest rate			1.30%
Contractual term in years	4 years 6 months		4 years 6 months
Weighted-average fair value estimate at grant date			$ 1.7
Weighted-average fair value estimate per share (in dollars per share)			$ 21.10

Fair Value of Financial Instruments (Details) $ in Millions		3 Months Ended	12 Months Ended
Fair Value of Financial Instruments (Details) $ in Millions	Jul. 15, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) Instruments	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Oct. 03, 2022 USD ($)	Jul. 21, 2022 USD ($)	Jul. 12, 2022 USD ($) Instruments	Mar. 31, 2022 Instruments	Jun. 30, 2021 derivative_instrument	Mar. 31, 2019 derivative_instrument
Debt Securities, Available-for-sale [Line Items]
Other operating income (expense)			$ (25.3)	$ 20.0	$ (15.6)
Foreign currency transaction gains (losses)			(68.7)	(30.5)	(11.2)
Interest expense			(138.8)	(112.2)	(96.5)
Foreign currency derivative instrument gains (losses)			42.0	24.2	(3.0)
Cash proceeds from settlement of cross currency swap			64.3	0.0	0.0
G4S
Debt Securities, Available-for-sale [Line Items]
Contingent consideration			22.0
NoteMachine
Debt Securities, Available-for-sale [Line Items]
Contingent consideration						$ 14.8
NoteMachine \| ATM Cash Withdrawal Interchange Fees
Debt Securities, Available-for-sale [Line Items]
Contingent consideration						4.3
NoteMachine \| Post-Acquisition Collection of ATM Tax Rate Rebates
Debt Securities, Available-for-sale [Line Items]
Contingent consideration						$ 10.5
Not Designated as Hedging Instrument \| Foreign exchange contract
Debt Securities, Available-for-sale [Line Items]
Notional value of nonderivative instrument			$ 575.0
Weighted average maturity			1 month
Not Designated as Hedging Instrument \| Foreign exchange contract \| Other operating income (expense)
Debt Securities, Available-for-sale [Line Items]
Gain (loss) on foreign currency contract			$ 42.0	24.2	(3.0)
Not Designated as Hedging Instrument \| Foreign exchange contract \| Nonoperating income (expense)
Debt Securities, Available-for-sale [Line Items]
Gain (loss) on foreign currency contract			$ 0.0	0.0	(7.0)
Designated as Hedging Instrument \| Currency Swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity			7 months 6 days
Notional value of derivative instrument			$ 53.0
Other operating income (expense)			(8.9)	0.2	22.1
Foreign currency transaction gains (losses)			8.9	(0.2)	(22.1)
Interest expense			(1.3)	(1.3)	(1.9)
Foreign currency derivative instrument gains (losses)			$ (10.2)	(1.1)	20.2
Designated as Hedging Instrument \| $400 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity			7 months 6 days
Notional value of derivative instrument			$ 400.0
Number of instruments held \| derivative_instrument											10
Designated as Hedging Instrument \| $200 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Number of instruments held \| Instruments									4
Designated as Hedging Instrument \| $200 million interest rate swap \| Gains (losses) on cash flow hedges
Debt Securities, Available-for-sale [Line Items]
Cumulative net gain in AOCI		$ 9.2
Designated as Hedging Instrument \| $200 million interest rate swap amended
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity			2 years 3 months 18 days
Notional value of derivative instrument			$ 200.0
Number of instruments held \| Instruments								3
Designated as Hedging Instrument \| $175 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity			2 years 3 months 18 days
Notional value of derivative instrument			$ 175.0
Number of instruments held \| Instruments			2
Designated as Hedging Instrument \| $400 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Number of instruments held \| derivative_instrument										10
Cash proceeds from settlement of cross currency swap	$ 67.0
Designated as Hedging Instrument \| $400 million cross currency swap 2022
Debt Securities, Available-for-sale [Line Items]
Notional value of derivative instrument			$ 400.0					$ 400.0
Number of instruments held \| Instruments								9
Designated as Hedging Instrument \| $215 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity			2 years 8 months 12 days
Notional value of derivative instrument								$ 215.0
Designated as Hedging Instrument \| $185 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity			6 years 7 months 6 days
Notional value of derivative instrument								$ 185.0
Level 2 \| Not Designated as Hedging Instrument \| Foreign exchange contract
Debt Securities, Available-for-sale [Line Items]
Fair value of derivative instruments			$ 7.0	1.9
Level 2 \| Not Designated as Hedging Instrument \| Foreign exchange contract \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of derivative instruments			3.5	3.4
Level 2 \| Not Designated as Hedging Instrument \| Foreign exchange contract \| Accrued Liabilities
Debt Securities, Available-for-sale [Line Items]
Fair value of derivative instruments			10.5	1.5
Level 2 \| Designated as Hedging Instrument
Debt Securities, Available-for-sale [Line Items]
Interest expense			(3.6)	(5.7)	(7.7)
Level 2 \| Designated as Hedging Instrument \| Currency Swap
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position			14.6	26.3
Level 2 \| Designated as Hedging Instrument \| Currency Swap \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position				5.8
Level 2 \| Designated as Hedging Instrument \| Currency Swap \| Other Assets
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position				20.5
Level 2 \| Designated as Hedging Instrument \| $400 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Interest expense			(2.2)	(9.8)	(7.7)
Fair value of swap, net			10.0	13.9
Level 2 \| Designated as Hedging Instrument \| $400 million interest rate swap \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position			9.3
Level 2 \| Designated as Hedging Instrument \| $400 million interest rate swap \| Accrued Liabilities
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position				8.3
Level 2 \| Designated as Hedging Instrument \| $400 million interest rate swap \| Other Assets
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position			0.7
Level 2 \| Designated as Hedging Instrument \| $400 million interest rate swap \| Other Liabilities
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position				5.6
Level 2 \| Designated as Hedging Instrument \| $200 million interest rate swap amended
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			16.4				$ 9.2
Level 2 \| Designated as Hedging Instrument \| $200 million interest rate swap amended \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			6.0
Level 2 \| Designated as Hedging Instrument \| $200 million interest rate swap amended \| Other Assets
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			10.4
Level 2 \| Designated as Hedging Instrument \| $175 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			1.0
Level 2 \| Designated as Hedging Instrument \| $175 million interest rate swap \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			2.0
Level 2 \| Designated as Hedging Instrument \| $175 million interest rate swap \| Other Liabilities
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			1.0
Level 2 \| Designated as Hedging Instrument \| $400 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position				28.5
Interest expense			(5.8)	(4.1)	$ 0.0
Level 2 \| Designated as Hedging Instrument \| $400 million cross currency swap \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position				6.0
Level 2 \| Designated as Hedging Instrument \| $400 million cross currency swap \| Other Assets
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position				22.5
Level 2 \| Designated as Hedging Instrument \| $400 million cross currency swap 2022
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position			11.7
Level 2 \| Designated as Hedging Instrument \| $400 million cross currency swap 2022 \| Prepaid expenses and other
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position			5.6
Level 2 \| Designated as Hedging Instrument \| $400 million cross currency swap 2022 \| Other Liabilities
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position			17.3
Six hundred million senior unsecured notes
Debt Securities, Available-for-sale [Line Items]
Carrying value			600.0	600.0
Six hundred million senior unsecured notes \| Level 3
Debt Securities, Available-for-sale [Line Items]
Fair value			528.7	625.7
Four hundred million senior unsecured notes
Debt Securities, Available-for-sale [Line Items]
Carrying value			400.0	400.0
Four hundred million senior unsecured notes \| Level 3
Debt Securities, Available-for-sale [Line Items]
Fair value			$ 369.0	$ 414.8

Capital Stock

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Capital Stock

Common Stock

At December 31, 2022, we had 100 million shares of common stock authorized and 46.3 million shares issued and outstanding.

Dividends

We paid regular quarterly dividends on our common stock during the last three years. On September 21, 2022, the Board of Directors declared a regular quarterly dividend of 20 cents per share payable on December 1, 2022 to shareholders of record on November 7, 2022. 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, 2022, 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

On October 27, 2021, we announced that our Board of Directors authorized a $250 million share repurchase program that expires on December 31, 2023 (the "2021 Repurchase Program"). This authorization replaces our previous $250 million repurchase program, authorized by the Board of Directors in February 2020 (the "2020 Repurchase Program"), which expired on December 31, 2021, with no amount remaining available.

Under the 2021 Repurchase Program, we are not obligated to repurchase any specific dollar amount or number of shares. The timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.

In 2022, we repurchased a total of 948,395 shares of our common stock for an aggregate of $52.2 million and an average price of $55.01 per share. These shares were retired upon repurchase. At December 31, 2022, $198 million remained available under the 2021 Repurchase Program.

Under the 2020 Repurchase Program, we entered into three accelerated share repurchase arrangements ("ASR") with a financial institution. In each case, in exchange for an upfront payment at the beginning of each purchase period, the financial institution delivered to us shares of our common stock. The shares received were retired in the period they were delivered to us, and the upfront payment was accounted for as a reduction to shareholders' equity in the consolidated balance sheet. For purposes of calculating earnings per share, we reported each ASR as a repurchase of our common stock and as a forward contract indexed to our common stock. Each ASR met the applicable criteria for equity classification, and, as a result, none were accounted for as a derivative instrument.

Below is a summary of each ASR entered into under the 2020 Repurchase Program:


	Upfront Payment		Shares Received	Average Repurchase Price

August 2020	$	50,000,000	849,978	$	58.83
September 2020	—		246,676	—
	$	50,000,000	1,096,654	$	45.59

August 2021	$	50,000,000	524,315	$	95.36
September 2021	—		131,384	—
	$	50,000,000	655,699	$	76.25

November 2021(a)	$	150,000,000	1,742,160	$	86.10
April 2022(a)	—		546,993	—
	$	150,000,000	2,289,153	$	65.53

	$	250,000,000	4,041,506	$	61.86

Shares Used to Calculate Earnings per Share


	Years Ended December 31,
(In millions)	2022	2021	2020

Weighted-average shares

Basic(a)	47.3	49.5	50.4
Effect of dilutive stock awards	0.5	0.6	0.4
Diluted(a)	47.8	50.1	50.8

Antidilutive stock excluded from denominator (b)	0.6	0.4	0.6

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Accrued Liabilities, Current [Abstract]

Retirement Benefits - Estimated Future Pension Benefit Payments (Details) $ in Millions	Dec. 31, 2022 USD ($)
Total
Defined Benefit Plan Disclosure [Line Items]
2023	$ 67.6
2024	66.8
2025	67.4
2026	69.1
2027	69.8
2028 through 2032	368.4
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2023	48.8
2024	48.7
2025	48.6
2026	48.5
2027	48.2
2028 through 2032	231.7
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2023	18.8
2024	18.1
2025	18.8
2026	20.6
2027	21.6
2028 through 2032	$ 136.7

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Accrued Liabilities


	December 31,
(In millions)	2022		2021

Payroll and other employee liabilities	$	175.8	159.6
Cash supply chain deposit liability	156.3		139.9
Taxes, except income taxes	127.0		100.4
Cash held by cash management services operations(a)	85.2		34.7
Operating lease liabilities	74.7		77.3
Accrued interest	31.7		16.3
Workers’ compensation and other claims	30.1		28.2
ATM surcharge/interchange payables	26.6		27.6
Income taxes payable	25.7		43.1
Acquisition and disposition related obligations	21.4		12.3
Contract liability	17.0		17.9
Retirement benefits (see Note 4)	16.4		15.9
Derivative instruments	10.5		9.8
Chile antitrust matter(b)	10.2		8.8
OASDI Tax (CARES Act) Liability	—		10.7
Other	210.8		174.8
Accrued liabilities	$	1,019.4	877.3

(b)See Note 23 for more information on the Chile antitrust matter.

Other Commitments and Contingencies	12 Months Ended
Other Commitments and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Other Commitments and Contingencies	Other Commitments and Contingencies In August 2020, the Company received a subpoena issued in connection with an investigation being conducted by the U.S. Department of Justice (the “DOJ”). The Company is fully cooperating with the investigation and has responded to requests from the DOJ for documents and other information, primarily related to cross-border shipments of cash and things of value and anti-money laundering compliance. Given that the investigation is still ongoing and that no civil or criminal claims have been brought to date, the Company cannot predict the outcome of the investigation, the timing of the ultimate resolution of the matter, or reasonably estimate the possible range of loss, if any, that may result from this matter. Accordingly, no accruals have been made with respect to this matter. At the end of the fourth quarter of 2018, we became aware of an investigation initiated by the Chilean Fiscalía Nacional Económica (the Chilean antitrust agency) (“FNE”) related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. In October 2021, the FNE filed a complaint before the Chilean antitrust court alleging that Brink’s Chile (as well as competitor companies) engaged in collusion in 2017 and 2018 and requested that the court approve a fine of $30.5 million. The Company filed its response to the complaint in November 2022, which signaled the beginning of the evidentiary phase. The Company intends to vigorously defend itself against the FNE's complaint. Based on available information to date, the Company recorded a charge of $9.5 million in the third quarter of 2021 in connection with this matter. In 2022, we recognized an additional $1.4 million adjustment to our estimated loss as a result of a change in currency rates. 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, 2022, we had noncancellable commitments for $10.8 million in equipment purchases, and information technology and other services.

Segment information - Capital Expenditures, Depreciation, Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	$ 182.6	$ 167.9	$ 118.5
Depreciation and Amortization by Reportable Segment	193.8	191.8	171.7
Amortization of intangible assets:	52.0	47.7	35.1
Total	245.8	239.5	206.8
Reportable Segments:
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	176.4	162.0	112.5
Depreciation and Amortization by Reportable Segment	181.4	179.5	158.5
Reportable Segments: \| North America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	41.4	40.4	27.4
Depreciation and Amortization by Reportable Segment	69.1	68.7	62.3
Reportable Segments: \| Latin America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	50.1	45.0	35.1
Depreciation and Amortization by Reportable Segment	49.1	46.2	44.0
Reportable Segments: \| Europe
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	50.5	50.6	33.4
Depreciation and Amortization by Reportable Segment	39.6	41.4	32.2
Reportable Segments: \| Rest of World
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	34.4	26.0	16.6
Depreciation and Amortization by Reportable Segment	23.6	23.2	20.0
Corporate items
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	6.2	5.9	6.0
Depreciation and Amortization by Reportable Segment	8.4	9.7	9.1
Other items not allocated to segments:
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	0.1	0.1	1.0
Other items not allocated to segments: \| Reorganization and Restructuring
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	1.0	0.3	1.3
Other items not allocated to segments: \| ARGENTINA
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	$ 2.9	$ 2.2	$ 1.8

Other Assets

12 Months Ended

Dec. 31, 2022

Other Assets, Noncurrent Disclosure [Abstract]

Other Assets


	December 31,
(In millions)	2022		2021

Sale-type lease receivables	$	66.3	42.6
Marketable securities	39.3		24.1
Loans held for investment (see Note 20)	38.6		12.0
Deposits	27.4		32.6
Prepaid pension assets	17.7		18.4
Indemnification assets	16.3		22.1
Derivative instruments	11.1		43.0
Other	69.5		65.4
Other assets	$	286.2	260.2

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Richmond, Virginia
Auditor Firm ID	185

Segment information - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
Segment information - Narrative (Details) $ in Millions	Mar. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) country segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of countries in which the entity operates \| country		100
Number of operating segments \| segment		4
Change in allowance estimate \| $		$ 22.3	$ 3.4	$ 14.6
North America
Segment Reporting Information [Line Items]
Change in allowance estimate \| $	$ 12.3
Subsidiaries
Segment Reporting Information [Line Items]
Number of countries in which the entity operates \| country		53

Retirement Benefits - Obligations and Funded Status (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Noncurrent asset	$ 17.7	$ 18.4
Total
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	1,331.7	1,427.8
Service cost	8.1	9.1	$ 9.7
Interest cost	36.0	33.2	38.3
Participant contributions	0.3	0.4
Plan amendments	0.1	(0.7)
Plan combinations	0.9	7.6
Acquisitions	0.0	5.9
Curtailment	(0.4)	(1.1)
Settlements	(10.8)	(14.0)
Benefits paid	(61.1)	(60.7)
Actuarial gains	(317.5)	(59.6)
Foreign currency exchange effects	(25.4)	(16.2)
Benefit obligation at end of year	961.9	1,331.7	1,427.8
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1,125.1	1,102.9
Return on assets – actual	(205.2)	86.7
Participant contributions	0.3	0.4
Plan combinations	0.9	5.0
Employer contributions	15.3	13.2
Settlements	(10.8)	(14.0)
Benefits paid	(61.1)	(60.7)
Foreign currency exchange effects	(22.7)	(8.4)
Fair value of plan assets at end of year	841.8	1,125.1	1,102.9
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(120.1)	(206.6)
Noncurrent asset	17.7	18.4
Current liability, included in accrued liabilities	6.8	5.7
Noncurrent liability	131.0	219.3
Net pension liability	120.1	206.6
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(289.6)	(403.9)
Net actuarial gains arising during the year	50.9	69.7
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	29.4	43.9
Foreign currency exchange effects	3.7	0.7
End of year - net gains and losses	(205.6)	(289.6)	(403.9)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	0.1	(0.6)
Prior service credit (cost) from plan amendments during the year	(0.1)	0.7
Foreign currency exchange effects	(0.1)	0.0
End of year - net prior service (cost) credit	(0.1)	0.1	(0.6)
Retirement benefits other than pension
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	510.4	558.0
Service cost	0.1	0.1	0.1
Interest cost	14.0	13.0	16.5
Plan amendments	(66.7)	0.0
Benefits paid	(29.3)	(31.0)
Actuarial gains	(105.7)	(29.0)
Foreign currency exchange effects	0.3	(0.7)
Benefit obligation at end of year	323.1	510.4	558.0
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	178.0	168.0
Return on assets – actual	(15.1)	32.9
Plan combinations	(3.6)	0.0
Employer contributions	9.0	8.1
Benefits paid	(29.3)	(31.0)
Fair value of plan assets at end of year	139.0	178.0	168.0
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(184.1)	(332.4)
Current liability, included in accrued liabilities	9.6	10.2
Noncurrent liability	174.5	322.2
Net pension liability	184.1	332.4
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(234.0)	(310.4)
Net actuarial gains arising during the year	77.4	49.6
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	17.3	26.5
Foreign currency exchange effects	(0.1)	0.3
End of year - net gains and losses	(139.4)	(234.0)	(310.4)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	19.2	24.2
Prior service credit (cost) from plan amendments during the year	66.7	0.0
Reclassification adjustment for amortization of prior service cost included in net income (loss)	(4.9)	(5.0)
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	81.0	19.2	24.2
U.S. Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	839.5	908.0
Service cost	0.0	0.0	0.0
Interest cost	22.9	21.1	26.7
Participant contributions	0.0	0.0
Plan amendments	0.0	0.0
Plan combinations	0.0	0.0
Settlements	0.0	0.0
Benefits paid	(45.0)	(46.9)
Actuarial gains	(190.2)	(42.7)
Foreign currency exchange effects	0.0	0.0
Benefit obligation at end of year	627.2	839.5	908.0
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	764.8	747.1
Return on assets – actual	(124.1)	63.9
Participant contributions	0.0	0.0
Plan combinations	0.0	0.0
Employer contributions	0.6	0.7
Settlements	0.0	0.0
Benefits paid	(45.0)	(46.9)
Foreign currency exchange effects	0.0	0.0
Fair value of plan assets at end of year	596.3	764.8	747.1
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(30.9)	(74.7)
Current liability, included in accrued liabilities	0.7	0.6
Noncurrent liability	30.2	74.1
Net pension liability	30.9	74.7
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(228.3)	(321.5)
Net actuarial gains arising during the year	17.4	59.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	24.2	34.0
Foreign currency exchange effects	0.0	0.0
End of year - net gains and losses	(186.7)	(228.3)	(321.5)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	0.0	0.0
Prior service credit (cost) from plan amendments during the year	0.0	0.0
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	0.0	0.0	0.0
U.S. Plans \| Actuarial Gains (Losses) - Change in Discount Rate
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	193.0	41.0
U.S. Plans \| Actuarial Gains (Losses) - Asset Return Different from Expected
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	(173.0)	17.0
Non-U.S. Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	492.2	519.8
Service cost	8.1	9.1	9.7
Interest cost	13.1	12.1	11.6
Participant contributions	0.3	0.4
Plan amendments	0.1	(0.7)
Plan combinations	0.9	7.6
Acquisitions	0.0	5.9
Curtailment	(0.4)	(1.1)
Settlements	(10.8)	(14.0)
Benefits paid	(16.1)	(13.8)
Actuarial gains	(127.3)	(16.9)
Foreign currency exchange effects	(25.4)	(16.2)
Benefit obligation at end of year	334.7	492.2	519.8
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	360.3	355.8
Return on assets – actual	(81.1)	22.8
Participant contributions	0.3	0.4
Plan combinations	0.9	5.0
Employer contributions	14.7	12.5
Settlements	(10.8)	(14.0)
Benefits paid	(16.1)	(13.8)
Foreign currency exchange effects	(22.7)	(8.4)
Fair value of plan assets at end of year	245.5	360.3	355.8
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(89.2)	(131.9)
Noncurrent asset	17.7	18.4
Current liability, included in accrued liabilities	6.1	5.1
Noncurrent liability	100.8	145.2
Net pension liability	89.2	131.9
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(61.3)	(82.4)
Net actuarial gains arising during the year	33.5	10.5
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	5.2	9.9
Foreign currency exchange effects	3.7	0.7
End of year - net gains and losses	(18.9)	(61.3)	(82.4)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	0.1	(0.6)
Prior service credit (cost) from plan amendments during the year	(0.1)	0.7
Foreign currency exchange effects	(0.1)	0.0
End of year - net prior service (cost) credit	(0.1)	0.1	(0.6)
Non-U.S. Plans \| Actuarial Gains (Losses) - Change in Discount Rate
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	133.0
Non-U.S. Plans \| Actuarial Gains (Losses) - Asset Return Different from Expected
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	(94.0)	10.0
UMWA Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	397.4	440.1
Service cost	0.0	0.0	0.0
Interest cost	10.3	9.8	12.7
Plan amendments	(66.7)	0.0
Benefits paid	(20.3)	(22.9)
Actuarial gains	(86.8)	(29.6)
Foreign currency exchange effects	0.0	0.0
Benefit obligation at end of year	233.9	397.4	440.1
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	178.0	168.0
Return on assets – actual	(15.1)	32.9
Plan combinations	(3.6)	0.0
Benefits paid	(20.3)	(22.9)
Fair value of plan assets at end of year	139.0	178.0	168.0
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(94.9)	(219.4)
Current liability, included in accrued liabilities	0.0	0.0
Noncurrent liability	94.9	219.4
Net pension liability	94.9	219.4
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(162.4)	(230.1)
Net actuarial gains arising during the year	58.5	50.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	10.0	17.5
Foreign currency exchange effects	0.0	0.0
End of year - net gains and losses	(93.9)	(162.4)	(230.1)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	18.6	23.3
Prior service credit (cost) from plan amendments during the year	66.7	0.0
Reclassification adjustment for amortization of prior service cost included in net income (loss)	(4.6)	(4.7)
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	80.7	18.6	23.3
UMWA Plans \| Actuarial Gains (Losses) - Change in Discount Rate
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	78.0	23.0
UMWA Plans \| Actuarial Gains (Losses) - Change in Census Data
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	(12.0)
UMWA Plans \| Actuarial Gains (Losses) - Asset Return Different from Expected
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	(28.0)	21.0
UMWA Plans \| Actuarial Gains (Losses) - Change in Claims Experience
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	12.0	9.0
Black Lung and Other Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	113.0	117.9
Service cost	0.1	0.1	0.1
Interest cost	3.7	3.2	3.8
Plan amendments	0.0	0.0
Benefits paid	(9.0)	(8.1)
Actuarial gains	(18.9)	0.6
Foreign currency exchange effects	0.3	(0.7)
Benefit obligation at end of year	89.2	113.0	117.9
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0.0	0.0
Return on assets – actual	0.0	0.0
Employer contributions	9.0	8.1
Benefits paid	(9.0)	(8.1)
Fair value of plan assets at end of year	0.0	0.0	0.0
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(89.2)	(113.0)
Current liability, included in accrued liabilities	9.6	10.2
Noncurrent liability	79.6	102.8
Net pension liability	89.2	113.0
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(71.6)	(80.3)
Net actuarial gains arising during the year	18.9	(0.6)
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	7.3	9.0
Foreign currency exchange effects	(0.1)	0.3
End of year - net gains and losses	(45.5)	(71.6)	(80.3)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	0.6	0.9
Prior service credit (cost) from plan amendments during the year	0.0	0.0
Reclassification adjustment for amortization of prior service cost included in net income (loss)	(0.3)	(0.3)
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	0.3	0.6	$ 0.9
Black Lung and Other Plans \| Actuarial Gains (Losses) - Change in Discount Rate
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year	$ 18.0	4.0
Black Lung and Other Plans \| Actuarial Gains (Losses) - Change in Census Data
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year		(10.0)
Black Lung and Other Plans \| Actuarial Gains (Losses) - Change in Claims Experience
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains arising during the year		$ 4.0

Interest and Other Nonoperating Income (Expense)

12 Months Ended

Dec. 31, 2022

Interest and Other Income [Abstract]

Interest and Other Nonoperating Income (Expense)


	Years Ended December 31,
(In millions)	2022		2021	2020

Interest income	$	23.6	12.1	5.6
Retirement benefit cost other than service cost	(16.7)		(38.7)	(37.9)
Foreign currency transaction gains (losses)(a)	2.4		0.4	(3.6)
Non-income taxes on intercompany billings(b)	(2.3)		(3.9)	(4.6)
Argentina turnover tax	(1.8)		—	—
Gain (loss) on equity securities(c)	—		16.0	10.6
G4S indemnification asset adjustment(d)	—		2.7	—

Penalties and interest on non-income taxes(e)	—		(1.8)	—
Gains related to litigation(f)	—		1.7	—
Earn-out liability adjustment(g)	—		1.3	—
Interest on non-income tax credits(h)	—		1.2	—
Derivative instrument losses(i)	—		—	(7.0)
Gain on a disposition of a subsidiary(j)	—		—	4.1
Other	(1.5)		2.0	(4.9)
Interest and other nonoperating income (expense)	$	3.7	(7.0)	(37.7)

(a)Amounts primarily represent currency transaction gains and losses on contingent consideration payable related to G4S business acquisitions.

(c)The gain is primarily related to the market value increase of an investment in MoneyGram International, Inc. The investment was sold in 2021 and the gain was fully realized.

(e)Represents penalties and interest on non-income taxes that have not yet been paid.

(g)Adjustment to the liability for contingent consideration pertaining to a 2019 business acquisition.

(i)Represents loss on foreign currency forward contracts related to acquisition of business operations from G4S.

(j)This gain is primarily related to the sale of our former French security services subsidiary in the first quarter of 2020.

Revenue from contracts with customers - Disaggregation of revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	$ 4,535.5	$ 4,200.2	$ 3,690.9
Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	4,535.5	4,200.2	3,690.9
Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	3,792.1	3,669.8	3,332.0
Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	743.4	530.4	358.9
North America \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,584.1	1,407.1	1,261.4
North America \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,207.2	1,122.3	1,077.9
North America \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	376.9	284.8	183.5
Latin America \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,210.6	1,126.0	1,071.9
Latin America \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,090.3	1,030.9	994.9
Latin America \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	120.3	95.1	77.0
Europe \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	931.4	917.3	753.8
Europe \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	728.1	802.6	678.1
Europe \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	203.3	114.7	75.7
Rest of World \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	809.4	749.8	603.8
Rest of World \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	766.5	714.0	581.1
Rest of World \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	$ 42.9	$ 35.8	$ 22.7