0000078890-26-000010 | 10-K | XBRL Viewer

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Goodwill and Other Intangible Assets - From Acquisitions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) reporting_unit	Dec. 31, 2024 USD ($)
Goodwill [Line Items]
Number of reporting units \| reporting_unit	4
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 1,434.9	$ 1,473.8
Acquisitions/Dispositions	8.9	14.7
Currency	71.5	(53.6)
Goodwill, Ending Balance	1,515.3	1,434.9
North America
Goodwill [Roll Forward]
Goodwill, Beginning Balance	486.5	477.7
Acquisitions/Dispositions	0.0	9.4
Currency	0.3	(0.6)
Goodwill, Ending Balance	486.8	486.5
Latin America
Goodwill [Roll Forward]
Goodwill, Beginning Balance	208.5	230.8
Acquisitions/Dispositions	0.9	3.3
Currency	12.8	(25.6)
Goodwill, Ending Balance	222.2	208.5
Europe
Goodwill [Roll Forward]
Goodwill, Beginning Balance	348.1	364.9
Acquisitions/Dispositions	8.0	2.0
Segment Reallocation	36.3
Currency	41.5	(18.8)
Goodwill, Ending Balance	433.9	348.1
Rest of World
Goodwill [Roll Forward]
Goodwill, Beginning Balance	391.8	400.4
Acquisitions/Dispositions	0.0	0.0
Segment Reallocation	(36.3)
Currency	16.9	(8.6)
Goodwill, Ending Balance	$ 372.4	$ 391.8

Leases - Operating Future Minimum Lease Payments (Details) $ in Millions	Dec. 31, 2025 USD ($)
Operating Leased Assets [Line Items]
2026	$ 117.5
2027	96.0
2028	76.2
2029	52.5
2030	33.6
Later years	129.0
Total Lease Payments	504.8
Less: Interest	102.4
Present value of lease liabilities	402.4
Facilities
Operating Leased Assets [Line Items]
2026	74.9
2027	61.6
2028	50.5
2029	37.8
2030	29.6
Later years	128.9
Total Lease Payments	383.3
Less: Interest	89.9
Present value of lease liabilities	293.4
DRS devices
Operating Leased Assets [Line Items]
2026	25.3
2027	23.2
2028	19.9
2029	13.4
2030	3.6
Later years	0.0
Total Lease Payments	85.4
Less: Interest	9.3
Present value of lease liabilities	76.1
Other
Operating Leased Assets [Line Items]
2026	17.3
2027	11.2
2028	5.8
2029	1.3
2030	0.4
Later years	0.1
Total Lease Payments	36.1
Less: Interest	3.2
Present value of lease liabilities	$ 32.9

Income Taxes - Net Operating Losses (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Operating Loss Carryforwards [Line Items]
2026-2030	$ 3.6
2031-2035	1.6
2036 and thereafter	16.2
Unlimited	41.6
Tax benefit of net operating loss carryforwards before valuation allowances	63.0	$ 54.4
Federal
Operating Loss Carryforwards [Line Items]
2026-2030	0.0
2031-2035	0.0
2036 and thereafter	0.0
Unlimited	0.0
Tax benefit of net operating loss carryforwards before valuation allowances	0.0
State
Operating Loss Carryforwards [Line Items]
2026-2030	0.0
2031-2035	0.6
2036 and thereafter	10.2
Unlimited	1.3
Tax benefit of net operating loss carryforwards before valuation allowances	12.1
Foreign
Operating Loss Carryforwards [Line Items]
2026-2030	3.6
2031-2035	1.0
2036 and thereafter	6.0
Unlimited	40.3
Tax benefit of net operating loss carryforwards before valuation allowances	$ 50.9

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued Liabilities


	December 31,
(In millions)	2025		2024

Cash supply chain deposit liability(a)	$	199.3	166.5
Payroll and other employee liabilities	176.0		151.2
Taxes, except income taxes	139.2		134.0
Cash held by cash management services operations(b)	106.4		81.3
Operating lease liabilities	92.2		78.2
Derivative instruments	40.6		10.1
Workers’ compensation and other claims	31.1		60.6
ATM surcharge/interchange payables	30.1		28.0
Accrued interest	27.9		28.2
Income taxes payable	20.4		28.0
DOJ/FinCEN investigations(c)	18.2		42.0
Retirement benefits	18.1		14.7
Contract liability	15.0		15.0
Chile antitrust matter(d)	11.3		9.9

Other	254.4		210.4
Accrued liabilities	$	1,180.2	1,058.1

(a)In France, we offer services to certain customers requiring us to take temporary title to the cash received from the management of our customers' cash supply chains. 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.

(b)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.

(c)See Note 3 for more information on the DOJ/FinCEN investigations matters.

(d)See Note 22 for more information on the Chile antitrust matter.

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jul. 26, 2023
Derivative [Line Items]
Derivative instrument gains (losses)		$ (17.9)	$ (11.0)	$ 21.3
G4S
Derivative [Line Items]
Contingent consideration		24.0
Foreign exchange contract \| Not Designated as Hedging Instrument
Derivative [Line Items]
Notional value of nonderivative instrument		$ 982.0
Weighted average maturity		1 month
$215 million cross currency swap II \| Designated as Hedging Instrument
Derivative [Line Items]
Weighted average maturity		3 months 18 days
Notional value of derivative instrument		$ 215.0			$ 215.0
$215 million cross currency swap \| Designated as Hedging Instrument
Derivative [Line Items]
Notional value of derivative instrument					$ 215.0
Interest Rate Swap \| Designated as Hedging Instrument
Derivative [Line Items]
Notional value of derivative instrument	$ 775.0
Cash proceeds from termination of interest rate swaps	$ 19.0
$150 million interest rate swap \| Designated as Hedging Instrument
Derivative [Line Items]
Weighted average maturity		9 months 18 days
Notional value of derivative instrument		$ 150.0
Currency Swap \| Designated as Hedging Instrument
Derivative [Line Items]
Derivative instrument gains (losses)				$ (8.7)

Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Sep. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends (dollars per share)	$ 0.2550	$ 1.0075	$ 0.9475	$ 0.8600

Retirement Benefits - Information Comparing Plan Assets to Plan Obligations (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Total
Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	$ 96.1	$ 92.0
Accumulated benefit obligation	222.6	197.4
Projected benefit obligation	254.7	220.2
U.S. Plans
Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	0.0	0.0
Accumulated benefit obligation	6.0	6.2
Projected benefit obligation	6.0	6.2
Non-U.S. Plans
Information for pension plans with an ABO in excess of plan assets:
Fair value of plan assets	96.1	92.0
Accumulated benefit obligation	216.6	191.2
Projected benefit obligation	$ 248.7	$ 214.0

Retirement Benefits - Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Maximum average weighted maturity (in years)	10 years
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 129.6	$ 129.5	$ 136.1
% Actual Allocation	100.00%	100.00%
% Target Allocation	100.00%	100.00%
UMWA Plans \| Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.3	$ 0.0
% Actual Allocation	0.00%	0.00%
% Target Allocation	0.00%	0.00%
UMWA Plans \| U.S. large-cap(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	24.00%	23.00%
% Target Allocation	24.00%	24.00%
UMWA Plans \| U.S. large-cap(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 30.5	$ 29.3
UMWA Plans \| U.S. small/mid-cap(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	10.00%	10.00%
% Target Allocation	11.00%	11.00%
UMWA Plans \| U.S. small/mid-cap(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 13.4	$ 13.3
UMWA Plans \| International(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	25.00%	24.00%
% Target Allocation	25.00%	26.00%
UMWA Plans \| International(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 32.9	$ 30.7
UMWA Plans \| Emerging markets(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	4.00%	3.00%
% Target Allocation	4.00%	4.00%
UMWA Plans \| Emerging markets(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 5.0	$ 4.8
UMWA Plans \| Dynamic asset allocation(c)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	7.00%	7.00%
% Target Allocation	7.00%	7.00%
UMWA Plans \| Dynamic asset allocation(c) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 8.9	$ 8.6
UMWA Plans \| High yield(e)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	2.00%	2.00%
% Target Allocation	2.00%	2.00%
UMWA Plans \| High yield(e) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 2.4	$ 2.4
UMWA Plans \| Emerging markets(f)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	4.00%	4.00%
% Target Allocation	4.00%	4.00%
UMWA Plans \| Emerging markets(f) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 4.8	$ 4.8
UMWA Plans \| Multi asset real return(i)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	4.00%	4.00%
% Target Allocation	5.00%	5.00%
UMWA Plans \| Multi asset real return(i) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 5.9	$ 6.0
UMWA Plans \| Core property(g) (l)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	5.00%	8.00%
% Target Allocation	5.00%	5.00%
UMWA Plans \| Core property(g) (l) \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 6.8	$ 10.6
UMWA Plans \| Structured credit
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	8.00%	8.00%
% Target Allocation	8.00%	5.00%
UMWA Plans \| Structured credit \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 10.9	$ 10.0
UMWA Plans \| Global private equity(j) (l)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 7.1	$ 8.2
% Actual Allocation	6.00%	6.00%
% Target Allocation	5.00%	7.00%
UMWA Plans \| Energy debt
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.7	$ 0.8
% Actual Allocation	1.00%	1.00%
% Target Allocation	0.00%	0.00%
Minimum
Defined Benefit Plan Disclosure [Line Items]
Maximum average weighted maturity (in years)	5 years
Minimum \| Long duration - mutual fund(d)
Defined Benefit Plan Disclosure [Line Items]
Portfolio duration (in years)	10 years
Maximum
Defined Benefit Plan Disclosure [Line Items]
Maximum average weighted maturity (in years)	7 years
Maximum \| Long duration - mutual fund(d)
Defined Benefit Plan Disclosure [Line Items]
Portfolio duration (in years)	15 years
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 597.4	$ 587.7	611.6
% Actual Allocation	100.00%	100.00%
% Target Allocation	100.00%	100.00%
U.S. Plans \| Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 5.8	$ 3.8
% Actual Allocation	0.00%	0.00%
% Target Allocation	0.00%	0.00%
U.S. Plans \| Global managed volatility equities(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	10.00%	0.00%
% Target Allocation	10.00%	0.00%
U.S. Plans \| Global managed volatility equities(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 55.8	$ 0.0
U.S. Plans \| U.S. large-cap(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	0.00%	13.00%
% Target Allocation	0.00%	14.00%
U.S. Plans \| U.S. large-cap(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.0	$ 75.2
U.S. Plans \| U.S. small/mid-cap(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	0.00%	4.00%
% Target Allocation	0.00%	4.00%
U.S. Plans \| U.S. small/mid-cap(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.0	$ 20.9
U.S. Plans \| International(a)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	0.00%	11.00%
% Target Allocation	0.00%	12.00%
U.S. Plans \| International(a) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.0	$ 66.7
U.S. Plans \| Long duration - mutual fund(d)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	90.00%	68.00%
% Target Allocation	90.00%	70.00%
U.S. Plans \| Long duration - mutual fund(d) \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 454.1	$ 343.8
U.S. Plans \| Long duration - Treasury strips(d) \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 81.7	$ 55.3
U.S. Plans \| Core property(g) (l)
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	0.00%	4.00%
% Target Allocation	0.00%	0.00%
U.S. Plans \| Core property(g) (l) \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.0	$ 21.3
U.S. Plans \| Structured credit
Defined Benefit Plan Disclosure [Line Items]
% Actual Allocation	0.00%	0.00%
% Target Allocation	0.00%	0.00%
U.S. Plans \| Structured credit \| Level 3
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.0	$ 0.7
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 243.7	$ 238.5	$ 259.3
% Actual Allocation	100.00%	100.00%
% Target Allocation	100.00%	100.00%
Non-U.S. Plans \| Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 0.6	$ 0.5
% Actual Allocation	0.00%	0.00%
% Target Allocation	0.00%	0.00%
Non-U.S. Plans \| Equity securities:
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 17.5	$ 17.8
% Actual Allocation	7.00%	7.00%
% Target Allocation	8.00%	8.00%
Non-U.S. Plans \| U.S. equity funds(a)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 7.7	$ 7.3
Non-U.S. Plans \| Canadian equity funds(a)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	2.4	1.8
Non-U.S. Plans \| European equity funds(a)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.6
Non-U.S. Plans \| Emerging markets(a)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.1	0.0
Non-U.S. Plans \| Other global equity funds(a)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	7.3	8.1
Non-U.S. Plans \| Fixed-income securities:
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 124.2	$ 121.2
% Actual Allocation	51.00%	51.00%
% Target Allocation	49.00%	49.00%
Non-U.S. Plans \| Long duration - mutual fund(d)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 50.1	$ 57.5
Non-U.S. Plans \| High yield(e)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.1	0.3
Non-U.S. Plans \| Emerging markets(f)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.2	0.3
Non-U.S. Plans \| Canadian fixed-income securities(b)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	57.3	49.7
Non-U.S. Plans \| European fixed-income funds(c)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	16.5	13.4
Non-U.S. Plans \| Other types of investments:
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 101.4	$ 99.0
% Actual Allocation	9.00%	9.00%
% Target Allocation	7.00%	7.00%
Non-U.S. Plans \| Guaranteed contract value
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 79.1	$ 77.9
% Actual Allocation	33.00%	33.00%
% Target Allocation	36.00%	36.00%
Non-U.S. Plans \| Property funds(h)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 6.4	$ 6.2
Non-U.S. Plans \| Global infrastructure fund(i)
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	8.5	7.5
Non-U.S. Plans \| Other
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 7.4	$ 7.4

Retirement Benefits

12 Months Ended

Dec. 31, 2025

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,	2025		2024	2023	2025		2024	2023	2025		2024	2023

Service cost	$	—	—	—	$	8.3	8.7	7.6	$	8.3	8.7	7.6
Interest cost on projected benefit obligation	31.3		30.7	32.4	18.0		17.7	18.1	49.3		48.4	50.5
Return on assets – expected	(44.5)		(46.4)	(47.2)	(11.5)		(11.4)	(11.1)	(56.0)		(57.8)	(58.3)
Amortization of losses	5.2		5.2	1.6	2.8		2.6	1.8	8.0		7.8	3.4
Amortization of prior service cost	—		—	—	0.1		0.1	—	0.1		0.1	—

Settlement loss	—		—	—	1.2		1.1	—	1.2		1.1	—
Net periodic pension cost (credit)	$	(8.0)	(10.5)	(13.2)	$	18.9	18.8	16.4	$	10.9	8.3	3.2

The components of net periodic pension cost and net periodic post-retirement 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,	2025		2024	2025	2024	2025	2024

Benefit obligation at beginning of year	$	585.7	629.2	347.8	383.1	933.5	1,012.3
Service cost	—		—	8.3	8.7	8.3	8.7
Interest cost	31.3		30.7	18.0	17.7	49.3	48.4
Participant contributions	—		—	0.6	0.6	0.6	0.6
Plan amendments	—		—	(0.3)	—	(0.3)	—
Plan combinations	—		—	1.0	2.2	1.0	2.2

Curtailments	—		—	(0.1)	0.1	(0.1)	0.1
Settlements	—		—	(2.7)	(0.9)	(2.7)	(0.9)
Benefits paid	(45.4)		(45.0)	(20.8)	(22.4)	(66.2)	(67.4)

Actuarial (gains) losses	2.6		(29.2)	(3.9)	(10.6)	(1.3)	(39.8)
Foreign currency exchange effects	—		—	35.2	(30.7)	35.2	(30.7)
Benefit obligation at end of year	$	574.2	585.7	383.1	347.8	957.3	933.5

Fair value of plan assets at beginning of year	$	587.7	611.6	238.5	259.3	826.2	870.9
Return on assets – actual	54.4		20.4	(5.0)	2.9	49.4	23.3
Participant contributions	—		—	0.6	0.6	0.6	0.6

Plan combinations	—		—	1.0	2.2	1.0	2.2
Employer contributions	0.7		0.7	12.3	13.7	13.0	14.4

Settlements	—		—	(2.7)	(0.9)	(2.7)	(0.9)
Benefits paid	(45.4)		(45.0)	(20.8)	(22.4)	(66.2)	(67.4)

Foreign currency exchange effects	—		—	19.8	(16.9)	19.8	(16.9)
Fair value of plan assets at end of year	$	597.4	587.7	243.7	238.5	841.1	826.2

Funded status	$	23.2	2.0	(139.4)	(109.3)	(116.2)	(107.3)

Included in:
Noncurrent asset	$	29.2	8.2	13.2	12.7	42.4	20.9
Current liability, included in accrued liabilities	0.6		0.6	10.2	5.1	10.8	5.7
Noncurrent liability	5.4		5.6	142.4	116.9	147.8	122.5
Net pension (asset) liability	$	(23.2)	(2.0)	139.4	109.3	116.2	107.3

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,	2025		2024	2025	2024	2025	2024

Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(178.8)	(187.2)	(33.4)	(43.1)	(212.2)	(230.3)
Net actuarial gains (losses) arising during the year	7.3		3.2	(12.6)	2.0	(5.3)	5.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	5.2		5.2	4.0	3.7	9.2	8.9
Foreign currency exchange effects	—		—	(2.5)	4.0	(2.5)	4.0
End of year	$	(166.3)	(178.8)	(44.5)	(33.4)	(210.8)	(212.2)

Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year	$	—	—	(0.5)	(0.7)	(0.5)	(0.7)
Prior service credit (cost) from plan amendments during the year	—		—	0.3	—	0.3	—
Reclassification adjustment for amortization of prior service cost included in net income (loss)	—		—	0.1	0.1	0.1	0.1
Foreign currency exchange effects	—		—	0.1	0.1	0.1	0.1
End of year	$	—	—	—	(0.5)	—	(0.5)

U.S. Plans

The net actuarial gains of $7.3 million in 2025 and gains of $3.2 million in 2024 were mainly driven by changes in the primary U.S. pension plan. The 2025 net actuarial gains arose primarily from higher actual return on assets than expected ($10 million), partially offset by a net actuarial obligation loss ($3 million). The net actuarial obligation loss was driven by a lower discount rate at the end of the year ($10 million), partially offset by gains from updated retirement assumptions and census data ($8 million). The 2024 net gains arose primarily from a higher discount rate at the end of the year ($27 million) and census data updates ($2 million), which were largely offset by lower actual return on assets than expected ($26 million).

Non-U.S. Plans

The net actuarial losses of $12.6 million in 2025 were primarily due to actual return on assets being lower than expected ($17 million), partially offset by a net actuarial obligation gain ($4 million). The net actuarial obligation gain was driven by higher discount rates at the end of the year ($19 million), partially offset by losses from updated assumptions ($15 million). The net actuarial gains of $2.0 million in 2024 were primarily due to a better obligation experience ($11 million) driven by higher discount rates at the end of the year, which was mostly offset by actual return on assets being lower than expected ($9 million).

Information Comparing Plan Assets to Plan Obligations

Information comparing plan assets to plan obligations as of December 31, 2025 and 2024 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 $574.2 million in 2025 and $585.7 million in 2024. The total ABO for our Non-U.S. pension plans was $343.5 million in 2025 and $317.6 million in 2024.

Information for Pension Plans with an ABO in Excess of Plan Assets


(In millions)	U.S. Plans			Non-U.S. Plans		Total
December 31,	2025		2024	2025	2024	2025	2024


Fair value of plan assets	$	—	—	96.1	92.0	96.1	92.0
Accumulated benefit obligation	6.0		6.2	216.6	191.2	222.6	197.4
Projected benefit obligation	6.0		6.2	248.7	214.0	254.7	220.2

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
	2025		2024		2023		2025		2024		2023

Discount rate:
Pension cost	5.6	%	5.1	%	5.4	%	5.0	%	4.9	%	5.4	%
Benefit obligation at year end	5.4	%	5.6	%	5.1	%	5.5	%	5.0	%	4.9	%

Expected return on assets – pension cost	7.00	%	7.00	%	7.00	%	4.65	%	4.58	%	4.59	%

Average rate of increase in salaries(a):
Pension cost	N/A		N/A		N/A		1.9	%	2.0	%	1.9	%
Benefit obligation at year end	N/A		N/A		N/A		2.3	%	1.9	%	2.0	%

(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 2026. We expect to contribute $12.1 million to our non-U.S. pension plans and $0.6 million to our nonqualified U.S. pension plan in 2026.

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, 2025, are as follows:


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

2026	$	46.9	24.8	71.7
2027	46.6		24.4	71.0
2028	46.2		27.2	73.4
2029	45.9		28.1	74.0
2030	45.4		29.3	74.7
2031 through 2035	216.5		160.5	377.0

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 United Mine Workers of America Represented Employees (the “UMWA plans”) as well as obligations for paying lifetime black lung benefits to miners and their dependents for claims under the Federal Black Lung Benefits Act of 1972.

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,	2025		2024	2023	2025		2024	2023	2025		2024	2023

Service cost	$	—	—	—	$	0.2	0.1	0.3	$	0.2	0.1	0.3
Interest cost on APBO	9.8		9.6	11.1	4.4		4.6	5.3	14.2		14.2	16.4
Return on assets – expected	(9.7)		(10.2)	(10.3)	—		—	—	(9.7)		(10.2)	(10.3)
Amortization of losses	2.0		1.7	5.1	3.1		4.3	4.8	5.1		6.0	9.9
Amortization of prior service credit	(10.2)		(9.4)	(11.0)	—		—	(0.1)	(10.2)		(9.4)	(11.1)

Net periodic postretirement cost (credit)	$	(8.1)	(8.3)	(5.1)	$	7.7	9.0	10.3	$	(0.4)	0.7	5.2

The components of net periodic pension cost and 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,	2025		2024	2025	2024	2025	2024

APBO at beginning of year	$	172.2	214.0	77.8	91.3	250.0	305.3
Service cost	—		—	0.2	0.1	0.2	0.1
Interest cost	9.8		9.6	4.4	4.6	14.2	14.2
Plan amendments	—		8.8	—	—	—	8.8



Benefits paid	(17.8)		(20.7)	(7.5)	(8.3)	(25.3)	(29.0)

Actuarial (gains) losses, net	21.0		(39.5)	(3.7)	(7.3)	17.3	(46.8)
Foreign currency exchange effects	—		—	0.9	(2.6)	0.9	(2.6)
APBO at end of year	$	185.2	172.2	72.1	77.8	257.3	250.0

Fair value of plan assets at beginning of year	$	129.5	136.1	—	—	129.5	136.1
Return on assets – actual	19.2		13.6	—	—	19.2	13.6
Employer contributions	—		—	7.5	8.3	7.5	8.3
Net transfers to (from) plan assets	(1.3)		0.5	—	—	(1.3)	0.5
Benefits paid	(17.8)		(20.7)	(7.5)	(8.3)	(25.3)	(29.0)

Fair value of plan assets at end of year	$	129.6	129.5	—	—	129.6	129.5

Funded status	$	(55.6)	(42.7)	(72.1)	(77.8)	(127.7)	(120.5)

Included in:
Current, included in accrued liabilities	$	—	—	7.3	9.0	7.3	9.0
Noncurrent	55.6		42.7	64.8	68.8	120.4	111.5
Retirement benefits other than pension liability	$	55.6	42.7	72.1	77.8	127.7	120.5

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,	2025		2024	2025	2024	2025	2024

Benefit plan net actuarial gain (loss) recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(29.1)	(73.7)	(32.6)	(44.4)	(61.7)	(118.1)
Net actuarial gains (losses) arising during the year	(11.5)		42.9	3.7	7.3	(7.8)	50.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	2.0		1.7	3.2	4.3	5.2	6.0
Foreign currency exchange effects	—		—	0.1	0.2	0.1	0.2
End of year	$	(38.6)	(29.1)	(25.6)	(32.6)	(64.2)	(61.7)

Benefit plan prior service (cost) credit recognized in accumulated other comprehensive income (loss):
Beginning of year	$	51.5	69.7	0.2	0.2	51.7	69.9
Prior service credit from plan amendments during the year	—		(8.8)	—	—	—	(8.8)
Reclassification adjustment for amortization or curtailment of prior service cost included in net income (loss)	(10.2)		(9.4)	(0.1)	—	(10.3)	(9.4)
Foreign currency exchange effects	—		—	—	—	—	—
End of year	$	41.3	51.5	0.1	0.2	41.4	51.7

UMWA Plans

The net actuarial losses of $11.5 million in 2025 arose primarily due to claims assumptions updates ($17 million), and lower discount rate at the end of the year ($4 million), partially offset by higher actual return on assets than expected ($10 million). The net actuarial gains of $42.9 million in 2024 arose primarily due to claim assumptions updates ($35 million), higher actual return on assets than expected ($3 million), and higher discount rate at the end of the year ($7 million), partially offset by payments higher than expected ($4 million).

Black Lung and Other Plans

We recognized net actuarial gains of $3.7 million in 2025. This was primarily due to census data updates ($4 million). We recognized net actuarial gains of $7.3 million in 2024. This was primarily due to a higher discount rate compared to the prior period ($4 million) and claims assumptions updates ($7 million), partially offset by census data updates ($4 million).

Assumptions

See Mortality Tables for our U.S. Retirement Benefits on page 81 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:


	2025		2024		2023

Weighted-average discount rate:
Postretirement cost:
UMWA plans	5.6	%	5.1	%	5.4	%
Black lung	5.5	%	5.1	%	5.4	%
Weighted-average	5.7	%	5.3	%	5.6	%
Benefit obligation at year end:
UMWA plans	5.3	%	5.6	%	5.1	%
Black lung	5.2	%	5.5	%	5.1	%
Weighted-average	5.5	%	5.7	%	5.3	%
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 2025 APBO is 7.0% for 2026, declining to 5.0% in 2034 and thereafter (in 2024: 6.5% for 2025 declining to 5.0% in 2031 and thereafter). For the black lung obligation, the assumed healthcare cost trend rate used to compute the 2025 APBO was 5.0% (in 2024: 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 2025 APBO is 7.0% for 2026, declining to 5.0% in 2034 (in 2024: 6.5% for 2025, declining to 5.0% in 2031). For the Brazilian plan, the assumed healthcare cost trend rate used to compute the 2025 APBO is 4.8% (in 2024: 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.

Cash Flows

Estimated Contributions from the Company to Plan Assets

Based on the funded status and assumptions at December 31, 2025, we expect the Company to contribute $7.3 million in cash to the plans to pay 2026 beneficiary payments for black lung and other plans. We do not expect to contribute cash to our UMWA plans in 2026 since we believe these plans have sufficient amounts held in trust to pay for beneficiary payments until 2039 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, 2025, are as follows:


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

2026	$	16.5	7.3	23.8
2027	16.6		7.2	23.8
2028	16.6		6.6	23.2
2029	16.5		6.9	23.4
2030	16.3		6.4	22.7
2031 through 2035	75.3		25.5	100.8

Retirement Plan Assets

U.S. Plans


		December 31, 2025				December 31, 2024
(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		$	5.8	—	—	3.8	—	—
Equity securities:
Global managed volatility equities(a)	1	55.8		10	10	—	—	—
U.S. large-cap(a)	—	—		—	—	75.2	13	14
U.S. small/mid-cap(a)	—	—		—	—	20.9	4	4
International(a)	—	—		—	—	66.7	11	12



Fixed-income securities:
Long duration - mutual fund(d)	1	454.1		90	90	343.8	68	70
Long duration - Treasury strips(d)	2	81.7				55.3


Other types of investments:

Core property(g) (l)		—		—	—	21.3	4	—
Structured credit(h) (l)		—		—	—	0.7	—	—
Total		$	597.4	100	100	587.7	100	100

UMWA Plans
Cash, cash equivalents and receivables		$	0.3	—	—	—	—	—
Equity securities:
U.S. large-cap(a)	1	30.5		24	24	29.3	23	24
U.S. small/mid-cap(a)	1	13.4		10	11	13.3	10	11
International(a)	1	32.9		25	25	30.7	24	26
Emerging markets(b)	1	5.0		4	4	4.8	3	4
Dynamic asset allocation(c)	1	8.9		7	7	8.6	7	7
Fixed-income securities:
High yield(e)	1	2.4		2	2	2.4	2	2
Emerging markets(f)	1	4.8		4	4	4.8	4	4
Multi asset real return(i)	1	5.9		4	5	6.0	4	5
Other types of investments:

Core property(g) (l)		6.8		5	5	10.6	8	5
Structured credit(h) (l)		10.9		8	8	10.0	8	5
Global private equity(j) (l)		7.1		6	5	8.2	6	7
Energy debt(k) (l)		0.7		1	—	0.8	1	—
Total		$	129.6	100	100	129.5	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 to 15 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.

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 investment can be redeemed quarterly with 65 days’ notice. The core property fund investments can be redeemed quarterly with 105 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, 2025				December 31, 2024
(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	$	0.6	—	—	0.5	—	—
Equity securities:
U.S. equity funds(a)	7.7				7.3
Canadian equity funds(a)	2.4				1.8
European equity funds(a)	—				0.6

Emerging markets(a)	0.1				—
Other global equity funds(a)	7.3				8.1
Total equity securities	17.5		7	8	17.8	7	8
Fixed-income securities:

Canadian fixed-income securities(b)	57.3				49.7
European fixed-income funds(c)	16.5				13.4
High-yield(d)	0.1				0.3
Emerging markets(e)	0.2				0.3
Long-duration(f)	50.1				57.5
Total fixed-income securities	124.2		51	49	121.2	51	49
Other types of investments:
Guaranteed contract value(g)	79.1		33	36	77.9	33	36


Property funds(h)	6.4		9	7	6.2	9	7
Global infrastructure fund(i)	8.5				7.5
Other	7.4				7.4
Total other types of investments	101.4				99.0
Total	$	243.7	100	100	238.5	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 seeks to duplicate the risk and return characteristics of an intermediate to a long-term fixed-income security portfolio with an approximate duration of 10 to 15 years and longer. This is achieved by using a mix of actively managed fixed income mutual funds, which invest in bonds issued by Canadian issuers, as well as 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 asset 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, 2025		December 31, 2024

Quoted prices in active markets for identical assets (Level 1)	$	111.3	89.6
Significant other observable inputs (Level 2)	23.7		43.4
Guaranteed contract value (Level 3)(a)	79.1		77.9
Other insurance contract value (Level 3)(b)	3.8		3.0
Net asset value per share practical expedient(c)	25.8		24.6
Total fair value	$	243.7	238.5

(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. We matched 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,	2025		2024	2023

U.S. 401(k)	$	9.8	9.9	9.9
Other plans	13.1		13.3	10.7
Total	$	22.9	23.2	20.6

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
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-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
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-Topic 715
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Segment Information - Narrative (Details)	12 Months Ended
Segment Information - Narrative (Details)	Dec. 31, 2025 country segment
Segment Reporting Information [Line Items]
Number of countries in which the entity operates \| country	100
Number of operating segments \| segment	4
Number of reportable segments \| segment	4
Subsidiaries
Segment Reporting Information [Line Items]
Number of countries in which the entity operates \| country	51

Other Long-term Liabilities

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Other Long-term Liabilities


	December 31,
(In millions)	2025		2024

Workers’ compensation and other claims	$	76.6	75.7
Asset retirement and remediation obligations	36.0		33.8
Derivative instruments	29.8		21.7
Noncurrent transformation-related liabilities(a)	25.9		—
Acquisition-related obligations	25.4		23.3
Noncurrent tax liabilities	17.3		18.0
Deferred compensation	12.1		12.6
Post-employment benefits	6.9		6.5
Other	49.0		40.0
Other long-term liabilities	$	279.0	231.6

(a)Certain transformation initiative services provided by third-party vendors are not due to be paid within the next twelve months.

Share-Based Compensation Plans - Terms and Assumptions (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2020
TSR PSU
Weighted-average assumptions used to estimate fair value:
Expected dividend yield	1.10%	1.10%	1.20%
Expected stock price volatility	29.40%	31.10%	41.90%
Risk-free interest rate	3.90%	4.30%	4.50%
Contractual term in years	2 years 9 months 18 days	2 years 9 months 18 days	2 years 9 months 18 days
Weighted-average fair value estimate at grant date	$ 12.9	$ 10.5	$ 8.5
Weighted-average fair value estimate per share (in dollars per share)	$ 92.26	$ 83.81	$ 72.51
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
Weighted-average fair value estimate at grant date				$ 1.7
Weighted-average fair value estimate per share (in dollars per share)				$ 21.10

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

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Accumulated Other Comprehensive Income [Abstract]

Beginning balance

$ 312.5

$ 520.2

$ 570.2

Other comprehensive income (loss)

143.7

(148.6)

42.2

Acquisitions of noncontrolling interests(b)

^[1]

(6.6)

(0.2)

(0.6)

Ending balance

407.3

312.5

520.2

Benefit plan adjustments

Accumulated Other Comprehensive Income [Abstract]

Beginning balance

(260.4)

(302.2)

(290.7)

Other comprehensive income (loss) before reclassifications

(10.6)

39.7

(13.1)

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

4.0

2.1

1.6

Other comprehensive income (loss)

(6.6)

41.8

(11.5)

Ending balance

(267.0)

(260.4)

(302.2)

Foreign Currency Translation Adjustments

Accumulated Other Comprehensive Income [Abstract]

Beginning balance

(556.7)

(368.2)

(433.8)

Other comprehensive income (loss) before reclassifications

154.2

(185.0)

69.6

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

(4.1)

(3.5)

(4.0)

Other comprehensive income (loss)

150.1

(188.5)

65.6

Acquisitions of noncontrolling interests(b)

(0.2)

Ending balance

(406.8)

(556.7)

(368.2)

Gains (Losses) on Available-for-Sale Securities

Accumulated Other Comprehensive Income [Abstract]

Beginning balance

(3.3)

(1.8)

(0.6)

Other comprehensive income (loss) before reclassifications

(8.1)

3.1

(4.5)

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

10.5

(4.6)

3.3

Other comprehensive income (loss)

2.4

(1.5)

(1.2)

Ending balance

(0.9)

(3.3)

(1.8)

Gains (losses) on cash flow hedges

Accumulated Other Comprehensive Income [Abstract]

Beginning balance

16.3

16.2

24.6

Other comprehensive income (loss) before reclassifications

(1.3)

13.4

1.1

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

(5.9)

(13.3)

(9.5)

Other comprehensive income (loss)

(7.2)

0.1

(8.4)

Ending balance

9.1

16.3

16.2

AOCI Attributable to Parent

Accumulated Other Comprehensive Income [Abstract]

Beginning balance

(804.1)

(656.0)

(700.5)

Other comprehensive income (loss) before reclassifications

134.2

(128.8)

53.1

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

4.5

(19.3)

(8.6)

Other comprehensive income (loss)

138.7

(148.1)

44.5

Acquisitions of noncontrolling interests(b)

^[1]

(0.2)

0.0

Ending balance

$ (665.6)

$ (804.1)

$ (656.0)

[1]	These amounts represent 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.

Retirement Benefits - Retirement Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Total
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 8.3	$ 8.7	$ 7.6
Interest cost on projected benefit obligation	49.3	48.4	50.5
Return on assets – expected	(56.0)	(57.8)	(58.3)
Amortization of losses	8.0	7.8	3.4
Amortization of prior service cost	0.1	0.1	0.0
Settlement loss	1.2	1.1	0.0
Net periodic pension cost (credit)	10.9	8.3	3.2
Retirement benefits other than pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.2	0.1	0.3
Interest cost on projected benefit obligation	14.2	14.2	16.4
Return on assets – expected	(9.7)	(10.2)	(10.3)
Amortization of losses	5.1	6.0	9.9
Amortization of prior service cost	(10.2)	(9.4)	(11.1)
Net periodic pension cost (credit)	(0.4)	0.7	5.2
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.0	0.0	0.0
Interest cost on projected benefit obligation	9.8	9.6	11.1
Return on assets – expected	(9.7)	(10.2)	(10.3)
Amortization of losses	2.0	1.7	5.1
Amortization of prior service cost	(10.2)	(9.4)	(11.0)
Net periodic pension cost (credit)	(8.1)	(8.3)	(5.1)
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.2	0.1	0.3
Interest cost on projected benefit obligation	4.4	4.6	5.3
Return on assets – expected	0.0	0.0	0.0
Amortization of losses	3.1	4.3	4.8
Amortization of prior service cost	0.0	0.0	(0.1)
Net periodic pension cost (credit)	7.7	9.0	10.3
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.0	0.0	0.0
Interest cost on projected benefit obligation	31.3	30.7	32.4
Return on assets – expected	(44.5)	(46.4)	(47.2)
Amortization of losses	5.2	5.2	1.6
Amortization of prior service cost	0.0	0.0	0.0
Settlement loss	0.0	0.0	0.0
Net periodic pension cost (credit)	(8.0)	(10.5)	(13.2)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	8.3	8.7	7.6
Interest cost on projected benefit obligation	18.0	17.7	18.1
Return on assets – expected	(11.5)	(11.4)	(11.1)
Amortization of losses	2.8	2.6	1.8
Amortization of prior service cost	0.1	0.1	0.0
Settlement loss	1.2	1.1	0.0
Net periodic pension cost (credit)	$ 18.9	$ 18.8	$ 16.4

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment


	Year Ended December 31, 2025
(In millions)	North America		Latin America	Europe	Rest of World	Total

Revenues	$	1,742.6	1,289.6	1,429.5	799.5	5,261.2
Less:
Cost of revenues:
Labor and fringe benefit costs(a)	606.3		574.3	619.2	200.4
Other cost of revenues segment items(b)	667.9		350.9	474.5	357.3
Total cost of revenues(a)	1,274.2		925.2	1,093.7	557.7

Selling, general, and administrative(a)	221.7		120.5	158.6	63.6


Segment operating profit	$	246.7	243.9	177.2	178.2	846.0


	Year Ended December 31, 2024
(In millions)	North America		Latin America	Europe	Rest of World	Total

Revenues	$	1,649.7	1,311.0	1,305.0	746.2	5,011.9
Less:
Cost of revenues:
Labor and fringe benefit costs(a)	624.0		572.1	578.5	202.5
Other cost of revenues segment items(b)	608.2		349.3	425.9	329.7
Total cost of revenues(a)	1,232.2		921.4	1,004.4	532.2

Selling, general, and administrative(a)	223.5		117.3	149.5	58.6


Segment operating profit	$	194.0	272.3	151.1	155.4	772.8


	Year Ended December 31, 2023
(In millions)	North America		Latin America	Europe	Rest of World	Total

Revenues	$	1,601.1	1,332.3	1,213.6	727.6	4,874.6
Less:
Cost of revenues:
Labor and fringe benefit costs(a)	633.2		574.6	546.7	203.1
Other cost of revenues segment items(b)	583.4		354.1	405.9	321.7
Total cost of revenues(a)	1,216.6		928.7	952.6	524.8

Selling, general, and administrative(a)	199.3		123.3	124.0	50.7


Segment operating profit	$	185.2	280.3	137.0	152.1	754.6

(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Selling, general and administrative expenses include insignificant amounts reported within other operating income (expense) in the consolidated statements of operations.

(b)Other cost of revenues segment items for each reportable segment include primarily vehicle expenses, freight, equipment costs, building expense, and office and administrative expenses.


	Years Ended December 31,
(In millions)	2025		2024	2023

Segment operating profit	$	846.0	772.8	754.6

Reconciling Items:
Corporate expenses:
General, administrative and other expenses	(147.0)		(167.3)	(154.9)
Foreign currency transaction gains	10.9		23.9	15.3

Other items not allocated to segments(a):
Reorganization and restructuring	(1.4)		(1.5)	(17.6)
Acquisitions and dispositions	(78.5)		(62.5)	(70.6)
Argentina highly inflationary impact(b)	(10.2)		(35.0)	(86.8)
Transformation initiatives	(26.0)		(28.4)	(5.5)
DOJ/FinCEN investigations	(6.5)		(45.7)	—
Chile antitrust matter	(0.8)		(1.3)	(0.5)


Non-routine auto loss matter	(1.0)		(2.0)	(8.0)
Reporting compliance	—		—	(0.8)
Operating profit	$	585.5	453.0	425.2

(a)See "Other Items not Allocated to Segments" for a description of these items.

(b)See "Depreciation Adjustment" in Note 1 for more details.


	Years Ended December 31,
(In millions)	2025		2024	2023

Capital Expenditures by Reportable Segment
North America	$	59.7	62.6	43.8
Latin America	24.2		33.0	48.8
Europe	73.3		79.9	77.5
Rest of World	43.4		42.6	25.2
Total reportable segments	200.6		218.1	195.3
Corporate items	2.5		4.4	7.4

Total	$	203.1	222.5	202.7

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	85.1	82.4	73.9
Latin America	56.2		53.9	53.6
Europe	71.5		61.0	58.0
Rest of World	24.3		22.2	20.6
Total reportable segments	237.1		219.5	206.1
Corporate items	2.6		3.5	5.3
Argentina highly inflationary impact	(7.8)		12.0	5.4

Reorganization and restructuring	—		—	1.2
Depreciation and amortization of property and equipment	231.9		235.0	218.0

Amortization of intangible assets(a)	58.9		58.3	57.8
Total	$	290.8	293.3	275.8

(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)	2025		2024

Assets held by Reportable Segment
North America	$	2,166.7	2,089.8
Latin America	1,211.6		1,171.7
Europe	2,458.9		1,988.3
Rest of World	1,070.9		991.5
Total reportable segments	6,908.1		6,241.3
Corporate items	431.1		381.8
Total	$	7,339.2	6,623.1

Schedule of Long Lived Assets By Significant Country


	December 31,
(In millions)	2025		2024

Long-Lived Assets by Significant Country(a)
Non-U.S.:
France	$	143.1	113.2
Mexico	125.0		106.5

Other	544.7		432.0
Subtotal	812.8		651.7
U.S.	317.7		331.0
Total	$	1,130.5	982.7

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

Schedule of Revenue By Significant Country


	Years Ended December 31,
(In millions)	2025		2024	2023

Revenues by Significant Country(a)
Outside the U.S.:
Mexico	$	576.4	582.8	563.8
France	470.8		447.1	413.2
Brazil	285.2		283.2	309.8
United Kingdom	236.1		190.7	188.7
Netherlands	183.6		170.3	149.7
Argentina	168.2		190.7	207.1
Canada	129.7		123.1	118.0
Other	1,598.3		1,497.4	1,441.2
Subtotal	3,648.3		3,485.3	3,391.5
U.S.	1,612.9		1,526.6	1,483.1
Total	$	5,261.2	5,011.9	4,874.6

(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 Us by Geographic Area


	December 31,
(In millions)	2025		2024

Net assets outside the U.S. by Geographic Area
Canada	$	46.6	46.9
Latin America(a)	676.8		750.4
Europe(a)(b)	1,354.9		1,061.7
Middle East, Africa and Asia ("MEAA") (a)(b)	556.7		606.5
Total	$	2,635.0	2,465.5

(a)Amounts include net assets of Corporate entities domiciled outside the U.S.

(b)European countries that primarily provide BGS services from our Rest of World segment are included in the Europe geographic area. The remainder of our Rest of World segment primarily represents operations in the MEAA geographic area.

Debt - Financing Leases (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Financing Leases	$ 550.0	$ 478.2
Less: accumulated amortization	(223.8)	(196.9)
Total	326.2	281.3
Buildings
Debt Instrument [Line Items]
Financing Leases	33.5	7.8
Vehicles
Debt Instrument [Line Items]
Financing Leases	330.3	347.8
Machinery and equipment
Debt Instrument [Line Items]
Financing Leases	$ 186.2	$ 122.6

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
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-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

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-Topic 470
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-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

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-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

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-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

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-Topic 470
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-Paragraph 1B
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

Debt - Minimum Repayments Long Term Debt (Details) $ in Millions	Dec. 31, 2025 USD ($)
Debt Instrument [Line Items]
2026	$ 163.1
2027	2,713.0
2028	188.6
2029	453.1
2030	38.0
Later years	428.7
Total	3,984.5
Financing leases
Debt Instrument [Line Items]
2026	72.7
2027	67.4
2028	51.9
2029	35.0
2030	26.6
Later years	16.8
Total	270.4
Other long-term debt
Debt Instrument [Line Items]
2026	90.4
2027	2,645.6
2028	136.7
2029	418.1
2030	11.4
Later years	411.9
Total	$ 3,714.1

Other Assets (Tables)

12 Months Ended

Dec. 31, 2025

Other Assets, Noncurrent Disclosure [Abstract]

Schedule of Other Assets, Noncurrent

Other Assets


	December 31,
(In millions)	2025		2024

Sales-type lease receivables	$	127.3	97.4
Prepaid pension assets	42.4		20.9
Deposits	31.8		27.9
Marketable securities	19.1		31.3
Contract assets	16.6		17.6
Loans held for investment (see Note 19)	12.6		16.4
Other	103.4		89.7
Other assets	$	353.2	301.2

Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

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, 2025, 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, 2025
(in millions except years)	2025		2024	2023

Performance stock units	$	13.8	25.2	20.3	$	17.6	1.7

Restricted stock units	10.6		9.9	10.4	9.2		1.5
Deferred stock units and fees paid in stock	1.6		1.4	1.4	0.5		0.4


Cash based awards	2.2		1.9	2.8	1.1		1.4
Share-based payment expense	28.2		38.4	34.9
Income tax benefit	(6.5)		(8.7)	(7.9)
Share-based payment expense, net of tax	$	21.7	29.7	27.0

The following table summarizes RSU activity during 2025:


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

Nonvested balance as of December 31, 2024	290.4	$	74.24
Activity from January 1 to December 31, 2025:
Granted	163.2	89.26
Forfeited	(38.5)	82.82

Vested	(151.4)	70.34
Nonvested balance as of December 31, 2025	263.7	$	84.52

The following table summarizes all PSU activity during 2025:


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

Nonvested balance as of December 31, 2024	639.1	$	72.64
Activity from January 1 to December 31, 2025:
Granted	222.1	89.90
Forfeited or expired	(103.8)	81.18

Vested(a)	(235.0)	67.17
Nonvested balance as of December 31, 2025	522.4	$	80.75

(a)The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, the actual shares earned and distributed for the performance period ended December 31, 2024 were 440.2 thousand, compared to target shares of 235.0 thousand.

The following table summarizes all DSU activity during 2025:


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

Nonvested balance as of December 31, 2024	13.6	$	87.93
Activity from January 1 to December 31, 2025:
Granted	14.8	92.19

Vested	(13.6)	87.93
Nonvested balance as of December 31, 2025	14.8	$	92.19

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)	2025		2024	2023

Performance stock units	$	42.5	35.3	16.3

Restricted stock units	14.2		13.4	8.5
Deferred stock units and fees paid in stock	1.1		1.4	1.0
Performance-based options(a)	—		1.3	3.0
Time-based vesting options(a)	0.6		2.2	0.1
Total	$	58.4	53.6	28.9

Income tax benefit realized	$	13.9	12.7	7.0

(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 IM PSUs with a market condition granted in 2025, 2024, and 2023:


Terms and Assumptions Used to Estimate Grant Date Fair Value	2025 IM PSUs(a)			2024 IM PSUs(a)			2023 IM PSUs(a)

Terms of awards:
Performance period	Jan. 1, 2025 to			Jan. 1, 2024 to			Jan. 1, 2023 to
	Dec. 31, 2027			Dec. 31, 2026			Dec. 31, 2025


Weighted-average assumptions used to estimate fair value:
Expected dividend yield(b)	1.1		%	1.1		%	1.2		%
Expected stock price volatility(c)	29.4		%	31.1		%	41.9		%
Risk-free interest rate(d)	3.9		%	4.3		%	4.5		%
Contractual term in years	2.8			2.8			2.8

Weighted-average fair value estimates at grant date:
In millions	$	12.9		$	10.5		$	8.5
Fair value per share	$	92.26		$	83.81		$	72.51

(a)In 2025, 2024, and 2023, we granted IM PSUs to certain employees which contain a market condition (in the form of a relative TSR modifier).

(b)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 these PSUs with market conditions, 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.

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

(d)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 the 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 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, 2024(b)	22.5	$	84.17	$	20.98


Exercised	(19.7)	84.52		21.15
Outstanding at December 31, 2025	2.8	$	81.69	$	19.75	0.2	$	0.1

Of the above, as of December 31, 2025:
Exercisable	2.8	$	81.69			0.2	$	0.1
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, 2025 was $116.73.

(b)There were 22.5 thousand exercisable options with a weighted average exercise price of $84.17 at December 31, 2024 and 115.7 thousand exercisable options with a weighted average exercise price of $80.74 at December 31, 2023.

(c)At December 31, 2025, all outstanding time-based options were vested.

Fair Value of Financial Instruments - Fixed-Rate Debt (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
2027 Senior Unsecured Notes
Debt Instrument [Line Items]
Carrying value	$ 600.0	$ 600.0
2027 Senior Unsecured Notes \| Level 3
Debt Instrument [Line Items]
Fair value	579.0	558.7
2029 Senior Unsecured Notes
Debt Instrument [Line Items]
Carrying value	400.0	400.0
2029 Senior Unsecured Notes \| Level 3
Debt Instrument [Line Items]
Fair value	412.2	399.0
2032 Senior Unsecured Notes
Debt Instrument [Line Items]
Carrying value	400.0	400.0
2032 Senior Unsecured Notes \| Level 3
Debt Instrument [Line Items]
Fair value	$ 416.0	$ 397.2

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Interest and Other Nonoperating Income (Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Interest and Other Income [Abstract]
Interest income	$ 27.3	$ 48.9	$ 36.3
Gain (loss) on equity and debt securities	(3.8)	5.0	(12.8)
Non-income taxes on intercompany billings	(2.6)	(2.1)	(2.6)
Argentina turnover tax	(2.3)	(3.4)	(6.8)
Retirement benefit cost other than service cost	(1.9)	(0.2)	(0.5)
Foreign currency transaction gains (losses)	(1.8)	0.3	(1.1)
Other	(1.0)	0.2	1.9
Interest and other nonoperating income (expense)	$ 13.9	$ 48.7	$ 14.4

Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2025

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: (1) cash and valuables management ("CVM"); and (2) digital retail solutions ("DRS") and ATM managed services ("AMS").

Cash and Valuables Management

CVM 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 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. We provide other services to some of our customers, such as guarding, commercial security and payment services.

Digital Retail Solutions and ATM Managed Services

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, 2025

Reportable Segments:
North America	$	1,208.9	533.7	1,742.6
Latin America	1,035.1		254.5	1,289.6
Europe	818.2		611.3	1,429.5
Rest of World	736.9		62.6	799.5
Total reportable segments	$	3,799.1	1,462.1	5,261.2






Twelve months ended December 31, 2024

Reportable Segments:
North America	$	1,207.0	442.7	1,649.7
Latin America	1,095.5		215.5	1,311.0
Europe	803.7		501.3	1,305.0
Rest of World	694.2		52.0	746.2
Total reportable segments	$	3,800.4	1,211.5	5,011.9






Twelve months ended December 31, 2023

Reportable Segments:
North America	$	1,216.8	384.3	1,601.1
Latin America	1,149.1		183.2	1,332.3
Europe	800.4		413.2	1,213.6
Rest of World	696.4		31.2	727.6
Total reportable segments	$	3,862.7	1,011.9	4,874.6

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. Certain Brink's affiliates make upfront consideration payments in order to gain customer contracts. The upfront payment amounts are reported as contract assets and are amortized as a reduction to revenues over the duration of the contracts. Contract assets expected to be billed or amortized within one year ($11.0 million at December 31, 2025) are included in prepaid expenses and other on the consolidated balance sheet. Amounts not expected to be billed and collected within one year ($16.6 million at December 31, 2025) 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, which is included in accrued liabilities on the consolidated balance sheet.

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, 2025)	$	733.5	22.2	15.0
Closing (December 31, 2025)	766.0		27.6	15.0
Increase (decrease)	$	32.5	5.4	—

The amount of revenue recognized in 2025 that was included in the January 1, 2025 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, 2025 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, 2025, the net capitalized costs to obtain contracts was included in other assets on the consolidated balance sheet. The capitalized amounts at December 31, 2025 and December 31, 2024 were $14.3 million and $12.8 million, respectively.

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.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The Company’s Processes for Assessing, Identifying, and Managing Material Cybersecurity Risks The Company's processes for assessing, identifying, and managing cybersecurity risks generally follow frameworks established by the International Organization for Standardization (ISO) and the U.S. National Institute of Standards and Technology (NIST). The Company relies on its IT infrastructure, including the GIS Program, which is designed to reduce cybersecurity risks by ensuring that computer systems are secure through protecting networks, systems, applications, hardware, and data to mitigate cyber attacks. Our business includes managing, processing, storing and transmitting proprietary and confidential data, including personally identifiable information and other confidential information. The Company’s IT infrastructure and GIS Program are critical to its business activities, and any unauthorized access to, unplanned disruptions or failures of, or cybersecurity attacks, on these systems pose risks to our business, financial condition and results of operations. The Company has an enterprise risk management ("ERM") program, for which the Board has oversight responsibility. Under the ERM program, senior leaders from across the Company’s global footprint annually evaluate risks according to likelihood, significance and velocity to identify and prioritize the most significant risks facing the Company. "IT and Cybersecurity risk" has been identified as part of the ERM program as a significant risk, and the CFO is assigned to this risk area to ensure the development of mitigation plans, monitor progress against those plans, and maintain and measure against a set of key risk indicators. In addition, the Company’s Global Security Operations Center (the “GSOC”), an internal monitoring and reporting center that is a part of the GIS Program, provides 24/7 monitoring, detection and response capabilities for cybersecurity events. The GSOC also analyzes cyber threat intelligence from a variety of paid and non-paid sources. Cybersecurity Risk Management and Mitigation The Global CISO manages our risk monitoring and mitigation processes and is responsible for cybersecurity risk management. The Company has adopted physical, technological and administrative cybersecurity controls and has defined procedures for incident detection, containment, response and remediation. The Global CISO works with business units and IT to ensure the appropriate policies are in place and to improve efficiency. Our global IT governance, risk and compliance team, which is a part of the GIS Program, manages IT general controls and cybersecurity best practices. We have an internal cybersecurity incident response plan designed to minimize the impact of cyber incidents and ensure consistent responses to any such incident. This plan undergoes regular review and update by outside counsel. The Company builds information security awareness among our employees by conducting regular training on our cybersecurity and data protection policies and executing vulnerability testing with employee simulated email threats. The Company also regularly updates employees on cybersecurity issues, assesses for susceptibility to email phishing and provides tools to alert the global information security team to potential phishing activity. Our employees have multiple mechanisms for reporting cybersecurity and data privacy concerns to the Company, including the Brink’s GSOC and the Brink’s Ethics Hotline. We believe providing ongoing training and real-world learnings to the Company’s workforce is a crucial part of ensuring security and defending against future attacks. The Company internally assesses its cybersecurity regularly and engages a third-party external auditor to conduct annual cybersecurity risk assessments, both of which allow us to identify key cybersecurity and data protection risks and develop plans, policies, and procedures to mitigate such risks. We also have a vulnerability management program in place that is designed to protect our external and internal networks and critical assets. In addition, we have designed policies and procedures so that our Disclosure Committee, which is composed of members of management and is co-chaired by the Company’s CFO and Chief Legal Officer, is appropriately informed of significant cybersecurity matters to ensure compliance with applicable cybersecurity disclosure requirements for our public filings. The Disclosure Committee meets on a quarterly basis and more often as needed. We maintain cybersecurity insurance and regularly consult with third-party cybersecurity experts during our review of existing cybersecurity controls. We also perform periodic assessments of our key vendors, which allow the Company to identify vendor cybersecurity risks and develop reasonable mitigation plans. Impacts of Cybersecurity Threats and Prior Incidents We have experienced and expect to continue to experience cybersecurity attacks and have expended human and financial resources to respond to such attacks. Although we have taken significant steps to mitigate cybersecurity risk across a range of functions, such measures can never eliminate the risk entirely or provide absolute security. As of December 31, 2025, management has determined that none of the cyberattacks we have experienced, individually or in the aggregate, have had a material adverse effect on our business, financial condition, or results of operations, but we cannot provide assurance that we will not be materially affected in the future by such risks or any future material incidents. For more information about these risks, see the risk factor titled “Risks associated with information technology can expose Brink’s to business disruptions, cybersecurity breaches and regulatory violations” under Item 1A of this Annual Report on Form 10-K and incorporated by reference herein.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company’s Processes for Assessing, Identifying, and Managing Material Cybersecurity Risks The Company's processes for assessing, identifying, and managing cybersecurity risks generally follow frameworks established by the International Organization for Standardization (ISO) and the U.S. National Institute of Standards and Technology (NIST). The Company relies on its IT infrastructure, including the GIS Program, which is designed to reduce cybersecurity risks by ensuring that computer systems are secure through protecting networks, systems, applications, hardware, and data to mitigate cyber attacks. Our business includes managing, processing, storing and transmitting proprietary and confidential data, including personally identifiable information and other confidential information. The Company’s IT infrastructure and GIS Program are critical to its business activities, and any unauthorized access to, unplanned disruptions or failures of, or cybersecurity attacks, on these systems pose risks to our business, financial condition and results of operations. The Company has an enterprise risk management ("ERM") program, for which the Board has oversight responsibility. Under the ERM program, senior leaders from across the Company’s global footprint annually evaluate risks according to likelihood, significance and velocity to identify and prioritize the most significant risks facing the Company. "IT and Cybersecurity risk" has been identified as part of the ERM program as a significant risk, and the CFO is assigned to this risk area to ensure the development of mitigation plans, monitor progress against those plans, and maintain and measure against a set of key risk indicators. In addition, the Company’s Global Security Operations Center (the “GSOC”), an internal monitoring and reporting center that is a part of the GIS Program, provides 24/7 monitoring, detection and response capabilities for cybersecurity events. The GSOC also analyzes cyber threat intelligence from a variety of paid and non-paid sources.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Audit and Ethic Committee's Oversight of Risks from Cybersecurity Threats The Board oversees our ERM program, and has delegated responsibility for cybersecurity and IT risk oversight to the Audit and Ethics Committee. The Committee receives regular briefings from the Global CIO, with support from the Global CISO, regarding our cybersecurity risk management framework and the actions taken, underway or planned to mitigate cybersecurity risks. These updates include assessments of our information security program, initiatives to enhance system resilience, and developments in the evolving cybersecurity threat landscape.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board oversees our ERM program, and has delegated responsibility for cybersecurity and IT risk oversight to the Audit and Ethics Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Committee receives regular briefings from the Global CIO, with support from the Global CISO, regarding our cybersecurity risk management framework and the actions taken, underway or planned to mitigate cybersecurity risks.
Cybersecurity Risk Role of Management [Text Block]	The Company’s Global Chief Information Officer (“Global CIO”) leads all aspects of the Company’s IT strategy, including digital capabilities and information systems. The Company’s Global Chief Information Security Officer (“Global CISO”), who reports to the Global CIO, is responsible for leading our enterprise-wide cybersecurity strategy, policy, standards, architecture and processes, including the Brink’s GIS Program. The Global CIO, with support from the Global CISO, provides periodic reports to the Board, the Chief Executive Officer, the Chief Financial Officer (“CFO”) (to whom the Global CIO reports) and other members of our senior management. These reports include updates on our cybersecurity risks and threats, the status of projects to strengthen our information security systems, assessments of the information security program and the emerging threat landscape. The GIS Program is regularly evaluated internally and externally, including by third-party experts, and the results of those evaluations are reported to senior management and the Board. The Company also actively engages with key vendors, industry participants and intelligence and law enforcement communities as part of its continuing efforts to evaluate and enhance the effectiveness of its information security program, policies and procedures. Management’s Role in Assessing and Managing our Material Risks from Cybersecurity Threats Neelu Sethi serves as the Global CIO and reports to Kurt McMaken, the CFO. Ms. Sethi has over 25 years of experience in the IT field and oversees all aspects of our IT, from planning and implementing enterprise IT systems to improving service quality, compliance and corporate development. Ms. Sethi sets our strategic vision and roadmap to define, build and optimize our IT systems, policies and operations. James Holley, the Global CISO, oversees our information, cyber, and technology security and reports to the Company’s Global CIO. Mr. Holley has over 30 years of leadership, operational and technical experience in information security. He leads the development, implementation and enforcement of security policies and data breach resiliency plans, as well as works with internal and external cybersecurity and IT teams to monitor and maintain the security of our IT infrastructure. Mr. Holley holds a master's degree in computer science with a concentration in information security as well as multiple information security certifications.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company’s Global Chief Information Officer (“Global CIO”) leads all aspects of the Company’s IT strategy, including digital capabilities and information systems. The Company’s Global Chief Information Security Officer (“Global CISO”), who reports to the Global CIO, is responsible for leading our enterprise-wide cybersecurity strategy, policy, standards, architecture and processes, including the Brink’s GIS Program. The Global CIO, with support from the Global CISO, provides periodic reports to the Board, the Chief Executive Officer, the Chief Financial Officer (“CFO”) (to whom the Global CIO reports) and other members of our senior management.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Neelu Sethi serves as the Global CIO and reports to Kurt McMaken, the CFO. Ms. Sethi has over 25 years of experience in the IT field and oversees all aspects of our IT, from planning and implementing enterprise IT systems to improving service quality, compliance and corporate development. Ms. Sethi sets our strategic vision and roadmap to define, build and optimize our IT systems, policies and operations. James Holley, the Global CISO, oversees our information, cyber, and technology security and reports to the Company’s Global CIO. Mr. Holley has over 30 years of leadership, operational and technical experience in information security. He leads the development, implementation and enforcement of security policies and data breach resiliency plans, as well as works with internal and external cybersecurity and IT teams to monitor and maintain the security of our IT infrastructure. Mr. Holley holds a master's degree in computer science with a concentration in information security as well as multiple information security certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	These reports include updates on our cybersecurity risks and threats, the status of projects to strengthen our information security systems, assessments of the information security program and the emerging threat landscape. The GIS Program is regularly evaluated internally and externally, including by third-party experts, and the results of those evaluations are reported to senior management and the Board. The Company also actively engages with key vendors, industry participants and intelligence and law enforcement communities as part of its continuing efforts to evaluate and enhance the effectiveness of its information security program, policies and procedures.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

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


	Years Ended December 31,
(In millions)	2025		2024	2023

Income (loss) from continuing operations before income taxes
U.S.	$	71.6	(39.3)	1.8
Foreign	282.3		305.6	234.0
Income from continuing operations before income taxes	$	353.9	266.3	235.8

Schedule of Components of Income Tax Expense Benefit


Provision (benefit) for income taxes from continuing operations
Current tax expense (benefit)
U.S. federal	$	3.7	1.0	2.7
State	5.4		3.4	4.0
Foreign	112.9		106.3	109.8
Current tax expense	122.0		110.7	116.5

Deferred tax expense (benefit)
U.S. federal	$	10.6	(25.0)	30.4
State	0.5		1.4	(4.0)
Foreign	10.2		5.6	(3.7)
Deferred tax expense (benefit)	21.3		(18.0)	22.7

Total Income tax expense (benefit)
U.S. federal	$	14.3	(24.0)	33.1
State	5.9		4.8	—
Foreign	123.1		111.9	106.1
Provision for income taxes of continuing operations	$	143.3	92.7	139.2

Comprehensive provision (benefit) for income taxes allocation


	Years Ended December 31,
(In millions)	2025		2024	2023

Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	$	143.3	92.7	139.2
Discontinued operations	—		0.4	0.5
Other comprehensive income (loss)	(13.1)		12.0	(4.5)

Comprehensive provision for income taxes	$	130.2	105.1	135.2

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the difference between the actual tax rate on continuing operations and the statutory U.S. federal income tax rate of 21% for 2025.


	Year Ended December 31,
(In percentages)	2025
	Amount		Percent

U.S. Federal Statutory Income Tax Rate	$	74.3	21.0	%

State and local tax effects, (net of federal income tax effects)(a)	5.9		1.6

Domestic Federal
Tax credits
Foreign tax credits	(18.2)		(5.1)
Others	(0.5)		(0.1)

Changes in federal valuation allowances	15.4		4.4
Effect of cross-border tax laws
Global intangible low-taxed income (net of foreign tax credits)	7.6		2.1
Foreign derived intangible income	(6.4)		(1.8)
Other	1.3		0.4
Nontaxable or nondeductible items
Nondeductible officer compensation	6.1		1.7
Excess tax benefits on share-based payments	(3.9)		(1.1)

Other	1.5		0.4
Other reconciling items	(1.8)		(0.5)

Worldwide - changes in unrecognized tax benefits	(8.3)		(2.3)

Foreign Tax Effects
Argentina
Foreign rate differential	2.6		0.7
Deductible inflation adjustment	(9.9)		(2.8)
Non-deductible hyperinflationary adjustments	12.6		3.6
Withholding taxes	10.4		2.9

Brazil	5.9		1.7

France	4.4		1.2
Mexico
Foreign rate differential	7.0		2.0

Non-deductible employee cost	5.0		1.4
Other non-deductible expenses	3.6		1.0
Withholding taxes	4.5		1.3
Other	(1.2)		(0.3)
Netherlands
Exchange gain	14.9		4.2
Change in valuation allowances	(5.6)		(1.6)
Other	(2.5)		(0.7)

Other foreign jurisdictions(b)	18.6		5.2

Effective Tax Rate	$	143.3	40.5	%

(a)State taxes in Texas, California, and the state and city of New York make up greater than 50% of the tax effects in this category.

(b)No other foreign jurisdiction contributes a reconciling tax effect item of greater than 5% of pretax income at the U.S. Federal statutory rate.

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 2025, 2024 and 2023.


	Years Ended December 31,
(In percentages)	2025		2024		2023

U.S. federal tax rate	21.0	%	21.0	%	21.0	%
Increases (reductions) in taxes due to:
Foreign rate differential	4.0		7.5		4.7
Taxes on cross border income, net of credits	3.2		2.9		7.9

Adjustments to valuation allowances	3.2		(2.8)		18.5
Foreign income taxes	5.7		(1.0)		6.0

French business tax	0.3		0.3		0.4
State income taxes, net	1.6		2.0		0.6
Share-based compensation	0.6		1.3		1.8
Acquisition costs	0.1		—		0.2
Nondeductible fines and penalties	0.1		3.8		—
Other(a)	0.7		(0.2)		(2.1)
Actual income tax rate on continuing operations	40.5	%	34.8	%	59.0	%

(a)No individual item is above a 5% threshold.

Schedule of Deferred Tax Assets and Liabilities

Components of Deferred Tax Assets and Liabilities


	December 31,
(In millions)	2025		2024

Deferred tax assets
Pension liabilities	$	25.8	26.9
Retirement benefits other than pensions	14.0		10.8
Lease liabilities	116.0		99.5
Workers’ compensation and other claims	25.8		26.3
Property and equipment, net	46.5		42.3
Other assets and liabilities	109.3		117.2
Net operating loss carryforwards	63.0		54.4
Interest limitations and other tax carryforwards(a)	101.0		80.2
Foreign tax and other tax credits(b)	51.7		61.1
Subtotal	553.1		518.7
Valuation allowances	(136.5)		(118.1)
Total deferred tax assets	416.6		400.6

Deferred tax liabilities


Right-of-use assets, net	107.2		93.0
Goodwill and other intangibles	107.9		101.1
Other assets and miscellaneous	30.7		30.1
Deferred tax liabilities	245.8		224.2
Net deferred tax asset	$	170.8	176.4

Included in:

Noncurrent assets	$	237.3	239.2

Noncurrent liabilities	(66.5)		(62.8)
Net deferred tax asset	$	170.8	176.4

(a)U.S. interest limitation carryforward of $63.8 million has an unlimited carryforward and is not subject to a valuation allowance. In addition, foreign interest limitation and other tax carryforwards of $37.2 million have an unlimited carryforward and are subject to a full valuation allowance.

(b)U.S. foreign tax credits of $50.3 million expire in various years between 2025 and 2033 and other remaining credits of $1.3 million have various expiration periods. The U.S. foreign tax credits and other credits have a valuation allowance of $50.3 million.

Summary of Valuation Allowance

Based on our analysis of positive and negative evidence including historical and expected future taxable earnings, and a consideration of available tax-planning strategies, we believe it is more-likely-than-not that we will realize the benefit of the existing deferred tax assets, net of valuation allowances, at December 31, 2025.


	Years Ended December 31,
(In millions)	2025		2024	2023

Valuation allowances:
Beginning of year	$	118.1	128.0	77.3
Expiring tax credits	(0.9)		(0.2)	(0.1)
Acquisitions and dispositions	3.2		(0.1)	(0.9)
Changes in judgment about deferred tax assets(a)	15.9		1.3	32.5
Other changes in deferred tax assets, charged to:
Income from continuing operations	(7.0)		(8.6)	11.3

Other comprehensive income (loss)	1.1		1.7	6.9

Foreign currency exchange effects	6.1		(4.0)	1.0
End of year	$	136.5	118.1	128.0

(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 2023 change in judgment includes the impact of Internal Revenue Notices which provide relief for foreign taxes paid in any taxable year beginning on or after December 28, 2021, and ending before the date that a notice or other guidance withdrawing or modifying the temporary relief is issued (or any later date specified in such notice or other guidance). We determined a significant amount of the post-2021 foreign withholding taxes will now be eligible for U.S. foreign income tax credit treatment and therefore our U.S. operations will annually be generating new foreign tax credits which should be creditable in the year generated. The 2025 change in judgment includes the impact of the One Big Beautiful Bill Act which included modifications to the U.S. taxation of worldwide income among other changes. As a result, we no longer expect to be able to utilize a substantial amount of our foreign tax credit carryforwards to offset the future tax prior to their expiration.

Net Operating Losses

The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2025, was $63.0 million, and expires as follows:


(In millions)	Federal		State	Foreign	Total

Years of expiration
2026-2030	$	—	—	3.6	3.6
2031-2035	—		0.6	1.0	1.6
2036 and thereafter	—		10.2	6.0	16.2
Unlimited	—		1.3	40.3	41.6
	$	—	12.1	50.9	63.0

Uncertain tax positions

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


	Years Ended December 31,
(In millions)	2025		2024	2023

Uncertain tax positions:
Beginning of year	$	21.6	23.5	23.5
Increases related to prior-year tax positions	2.5		—	2.1
Decreases related to prior-year tax positions	(6.5)		(1.3)	(2.7)
Increases related to current-year tax positions	2.0		2.0	2.4
Increases related to acquisitions	0.5		0.8	—

Settlements	(0.9)		(0.1)	—
Effect of the expiration of statutes of limitation	(3.6)		(2.5)	(2.5)

Foreign currency exchange effects	0.2		(0.8)	0.7
End of year	$	15.8	21.6	23.5

Schedule of Cash Flow, Supplemental Disclosures

The following table provides the cash income taxes paid, net of refunds, for 2025.


	Year ended December 31,
(in millions)	2025

US Federal	$	—
US State
Others(a)	4.7
Foreign
Mexico	39.7
Argentina	18.1
Others(a)	73.2
Total	$	135.7

(a)There were no other individual jurisdictions above the 5% threshold.


	Years Ended December 31,
	2025		2024	2023

Cash paid for:
Interest	$	239.6	235.3	195.8
Income taxes, net	135.7		122.1	96.3

Fair Value of Financial Instruments - Interest Rate Swaps (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Level 2
Derivative [Line Items]
Interest Rate Derivatives, at Fair Value, Net	$ (0.8)	$ 0.0
$150 million interest rate swap
Derivative [Line Items]
Notional value of derivative instrument	$ 150.0
Weighted average maturity	9 months 18 days
$150 million interest rate swap \| Level 2
Derivative [Line Items]
Interest expense	$ (7.7)
$400 million interest rate swap \| Level 2
Derivative [Line Items]
Interest expense		(17.7)	$ (19.9)
Accrued Liabilities \| $100 million interest rate swap 2023 \| Level 2
Derivative [Line Items]
Fair value of swap, liability position	(0.3)	0.0
Accrued Liabilities \| $50 million interest rate swap \| Level 2
Derivative [Line Items]
Fair value of swap, liability position	(0.1)
Other Liabilities \| $100 million interest rate swap 2023 \| Level 2
Derivative [Line Items]
Fair value of swap, liability position	(0.3)	$ 0.0
Other Liabilities \| $50 million interest rate swap \| Level 2
Derivative [Line Items]
Fair value of swap, liability position	$ (0.1)

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Other Assets, Noncurrent Disclosure [Abstract]
Sales-type lease receivables	$ 127.3	$ 97.4
Prepaid pension assets	42.4	20.9
Deposits	31.8	27.9
Marketable securities	19.1	31.3
Contract assets	16.6	17.6
Loans held for investment (see Note 19)	12.6	16.4
Other	103.4	89.7
Other assets	$ 353.2	$ 301.2

- Definition

Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.

+ References + Details

Debt (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Short-term borrowings	$ 241.1	$ 149.3
Long-term Debt Types [Abstract]
Financing leases	270.4
Total long-term debt	3,973.2	3,746.9
Total Debt	4,214.3	3,896.2
Long Term Debt By Current And Noncurrent [Abstract]
Current liabilities	404.2	291.0
Noncurrent liabilities	3,810.1	3,605.2
Term Loan A \| Senior Secured Credit Facility - Amended III
Long-term Debt Types [Abstract]
Long-term Debt	$ 1,223.3	$ 1,292.2
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	5.40%	6.20%
Debt issue cost	$ 1.7	$ 2.8
Senior unsecured notes
Long-term Debt Types [Abstract]
Long-term Debt	1,390.4	1,387.8
Interest Rate And Other Disclosures [Abstract]
Debt issue cost	$ 9.6	$ 12.2
Senior unsecured notes \| 2027 Senior Unsecured Notes
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	4.60%	4.60%
Senior unsecured notes \| 2029 Senior Unsecured Notes
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	6.50%	6.50%
Senior unsecured notes \| 2032 Senior Unsecured Notes
Interest Rate And Other Disclosures [Abstract]
Effective interest rate	6.80%	6.80%
Revolving Credit Facility
Long-term Debt Types [Abstract]
Long-term Debt	$ 420.0	$ 399.7
Interest Rate And Other Disclosures [Abstract]
Average interest rate	5.50%	6.20%
Other Facilities
Long-term Debt Types [Abstract]
Long-term Debt	$ 669.1	$ 432.1
Interest Rate And Other Disclosures [Abstract]
Average interest rate	4.30%	5.80%
Other Facilities \| Other Revolving Credit Facilities
Long-term Debt Types [Abstract]
Long-term Debt	$ 557.0	$ 359.0
Financing leases
Long-term Debt Types [Abstract]
Financing leases	$ 270.4	$ 235.1
Interest Rate And Other Disclosures [Abstract]
Average interest rate	7.10%	6.70%
Other
Debt Instrument [Line Items]
Short-term borrowings	$ 241.1	$ 149.3
Interest Rate And Other Disclosures [Abstract]
Short-term borrowings interest rate	4.90%	6.50%

Share-Based Compensation Plans - Options Activity (Details) - Time Based Vesting Option - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Shares (in thousands)
Outstanding beginning balance (in shares)	22,500
Exercised (in shares)	(19,700)
Outstanding ending balance (in shares)	2,800
Expected to vest in future periods (in shares)	0
Weighted-Average Grant Date Fair Value Per Share
Beginning balance (in dollars per share)	$ 20.98
Exercised (in dollars per share)	21.15
Ending balance (in dollars per share)	19.75
Exercised (in dollars per share)	84.52
Outstanding ending balance (in dollars per share)	$ 81.69
Exercisable (in shares)	2,800		115,700
Exercisable (in dollars per share)	$ 81.69	$ 84.17	$ 80.74
Expected to vest in future periods (in dollars per share)	$ 0
Outstanding, Weighted-Average Remaining Contractual Term (in years)	2 months 12 days
Exercisable, Weighted-Average Remaining Contractual Term (in years)	2 months 12 days
Outstanding, Aggregate Intrinsic Value (in millions)	$ 0.1
Exercisable, Aggregate Intrinsic Value (in millions)	0.1
Expected to vest in future periods, Aggregate Intrinsic Value (in millions)	$ 0.0
Market price (in dollars per share)	$ 116.73

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Income Taxes - Income and Taxes from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income (loss) from continuing operations before income taxes
U.S.	$ 71.6	$ (39.3)	$ 1.8
Foreign	282.3	305.6	234.0
Income from continuing operations before tax	353.9	266.3	235.8
Current tax expense (benefit)
U.S. federal	3.7	1.0	2.7
State	5.4	3.4	4.0
Foreign	112.9	106.3	109.8
Current tax expense	122.0	110.7	116.5
Deferred tax expense (benefit)
U.S. federal	10.6	(25.0)	30.4
State	0.5	1.4	(4.0)
Foreign	10.2	5.6	(3.7)
Deferred tax expense (benefit)	21.3	(18.0)	22.7
Federal Income Tax Expense (Benefit), Continuing Operations	14.3	(24.0)	33.1
State and Local Income Tax Expense (Benefit), Continuing Operations	5.9	4.8	0.0
Foreign Income Tax Expense (Benefit), Continuing Operations	123.1	111.9	106.1
Provision for income taxes of continuing operations	143.3	92.7	139.2
Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	143.3	92.7	139.2
Discontinued operations	0.0	0.4	0.5
Other comprehensive income (loss)	(13.1)	12.0	(4.5)
Comprehensive provision for income taxes	$ 130.2	$ 105.1	$ 135.2

Other Operating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2025

Other Income and Expenses [Abstract]

Interest and Other Income

Other Operating Income (Expense)


	Years Ended December 31,
(In millions)	2025		2024	2023

Foreign currency items:
Transaction gains (losses)(a)	$	11.7	16.5	(85.1)
Derivative instrument gains (losses)	(17.9)		(11.0)	21.3
Royalty income	10.2		8.0	7.5
Impairment losses	(4.1)		(4.8)	(10.3)
Share in earnings of equity method affiliates	2.8		3.0	2.8
Gains (losses) on sale of property and other assets	(0.6)		3.9	1.9
Indemnification asset adjustments(b)	0.2		(2.4)	(3.4)
Contingent consideration liability adjustments(c)	—		—	6.2





Other	3.2		5.5	4.9
Other operating income (expense)	$	5.5	18.7	(54.2)

(a)Includes remeasurement losses in Argentina of $17.0 million in 2025, $18.4 million in 2024 and $79.1 million in 2023 related to highly inflationary accounting.

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

(c)In 2023, we derecognized contingent consideration liabilities, primarily related to the NoteMachine business acquisition.

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

Total

Common Stock

Capital in Excess of Par Value

Retained Earnings

AOCI*

Noncontrolling Interests

Beginning balance at Dec. 31, 2022

$ 570.2

$ 46.3

$ 684.1

$ 417.2

$ (700.5)

$ 123.1

Beginning balance (shares) at Dec. 31, 2022

46.3

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

Net income

98.3

87.7

10.6

Other comprehensive income (loss)

42.2

44.5

(2.3)

Stock repurchased

^[1]

(173.3)

$ (2.3)

(38.9)

(132.1)

Stock repurchased, Shares

^[1]

(2.3)

Dividends to:

Brink's common shareholders

(39.6)

Noncontrolling interests

(7.7)

Stock options and awards:

Compensation expense

32.1

Other share-based benefit transactions

(1.4)

$ 0.5

(1.7)

(0.2)

Other share-based benefit transactions (shares)

0.5

Acquisitions of noncontrolling interests(b)

^[2]

(0.6)

0.3

0.0

(0.9)

Ending balance at Dec. 31, 2023

520.2

$ 44.5

675.9

333.0

(656.0)

122.8

Ending balance (shares) at Dec. 31, 2023

44.5

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

Net income

174.7

162.9

11.8

Other comprehensive income (loss)

(148.6)

(148.1)

(0.5)

Stock repurchased

^[1]

(205.2)

$ (2.1)

(34.6)

(168.5)

Stock repurchased, Shares

^[1]

(2.1)

Dividends to:

Brink's common shareholders

(41.8)

Noncontrolling interests

(6.1)

Stock options and awards:

Compensation expense

36.5

Other share-based benefit transactions

(17.0)

$ 0.5

(17.3)

(0.2)

Other share-based benefit transactions (shares)

0.5

Acquisitions of noncontrolling interests(b)

^[2]

(0.2)

0.2

0.0

(0.4)

Ending balance at Dec. 31, 2024

312.5

$ 42.9

660.7

285.4

(804.1)

127.6

Ending balance (shares) at Dec. 31, 2024

42.9

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

Net income

210.2

199.7

10.5

Other comprehensive income (loss)

143.7

138.7

5.0

Stock repurchased

^[1]

(210.6)

$ (2.2)

(35.7)

(172.7)

Stock repurchased, Shares

^[1]

(2.2)

Dividends to:

Brink's common shareholders

(42.3)

Noncontrolling interests

(6.5)

Stock options and awards:

Compensation expense

26.0

Consideration from exercise of stock options

0.6

Other share-based benefit transactions

(19.7)

$ 0.4

(20.1)

0.0

Other share-based benefit transactions (shares)

0.4

Acquisitions of noncontrolling interests(b)

^[2]

(6.6)

0.6

(0.2)

(7.0)

Ending balance at Dec. 31, 2025

$ 407.3

$ 41.1

$ 632.1

$ 270.1

$ (665.6)

$ 129.6

Ending balance (shares) at Dec. 31, 2025

41.1

[1]	Amounts do not agree to cash paid to repurchase shares in the consolidated statements of cash flows or Note 18. The difference is due to the timing of the cash settlements for shares repurchased near the end of the year plus the accrual of liabilities to pay excise taxes resulting from share repurchases.
[2]	These amounts represent 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.

Other Commitments and Contingencies	12 Months Ended
Other Commitments and Contingencies	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Other Commitments and Contingencies	Other Commitments and Contingencies 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. After the third quarter of 2021, all adjustments to the contingent liability have resulted primarily from changes in currency rates. In addition to the matter discussed above, 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 legal matters currently pending against the Company could have a material adverse effect on our liquidity, financial position or results of operations. At December 31, 2025, we had noncancellable commitments for $29.5 million in equipment purchases, and information technology and other services.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

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 ("DRS"), and ATM managed services ("AMS") 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 is recognized when services related to cash and valuables management, DRS, and AMS 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, 2025 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

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 12).

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 19).

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 receivable 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 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.

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 16 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			25
Building leasehold improvements			Lesser of Lease Term or 10
Vehicles			3 to 8
Capitalized software			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 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, 2025, finite-lived intangible assets have remaining useful lives ranging from 1 to 11 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. Goodwill is assigned to one or more reporting units at the date of acquisition.

When testing goodwill for impairment, we may assess qualitative factors to determine whether reporting unit fair values are greater than their carrying values. Alternatively, when performing a quantitative assessment, we estimate 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 the greatest weight placed on the Income Approach. The resulting reporting unit fair values are compared to each reporting unit's carrying value. We have had no significant impairments of goodwill in the last three years.

Other 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.

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 values 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 values 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 3% of our consolidated revenues for the year ended December 31, 2025, and 4% for the years ended December 31, 2024, and 2023.

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, 2023, the Argentine peso declined by approximately 79% (from 178.6 to 833.3 pesos to the U.S. dollar). For the year ended December 31, 2024, the Argentine peso declined by approximately 19% (from 833.3 to 1,031.0 pesos to the U.S. dollar). For the year ended December 31, 2025, the Argentine peso declined approximately 29% (from 1,031.0 to 1,451.6 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 2025, we recognized $17.0 million in pretax remeasurement losses. In 2024 and in 2023, we recognized $18.4 million and $79.1 million in pretax remeasurement losses, respectively. Argentine peso-denominated nonmonetary assets and liabilities are recorded at historical cost based on the currency exchange rate at the time the asset or liability was acquired.

At December 31, 2025, Argentina's economy remained highly inflationary for accounting purposes. At December 31, 2025, we had net monetary assets denominated in Argentine pesos of $23.4 million (including cash of $24.9 million). At December 31, 2025, we had net nonmonetary assets of $140.7 million (including $102.5 million of goodwill and $7.7 million in debt securities denominated in Argentine pesos).

At December 31, 2024, we had net monetary assets denominated in Argentine pesos of $115.9 million (including cash of $104.0 million) and net nonmonetary assets of $147.5 million (including $103.1 million of goodwill and $21.2 million in debt securities denominated in Argentine pesos).

In April 2025, the Argentine government announced economic policy changes, including the removal of certain currency controls. The official exchange rate will be allowed to fluctuate within a moving range.

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 report 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 changes in the political and regulatory environment, as well as U.S. sanctions impacting the operations.

Depreciation Adjustment

In accordance with our highly inflationary accounting policy, property, plant and equipment owned by Brink’s Argentina are considered nonmonetary assets. These assets retain a higher historical basis when the currency is devalued and the higher historical basis results in incremental depreciation expense being recognized. In the second quarter of 2025, we identified a prior period overstatement of depreciation related to Brink’s Argentina property, plant and equipment. The accounting error was corrected resulting in a $13.6 million increase to second quarter 2025 net income and no impact to first half 2025 net cash provided by operating activities. We have concluded that the impact of this accounting error was not material to the current year or any prior period financial statements. Consistent with our treatment of the impact of Argentina highly inflationary accounting, this adjustment has been excluded from segment results and is reported as part of Other Items not Allocated to Segments.

Concentration of Credit Risks

We routinely assess the financial strength of significant customers and this assessment, combined with the large number and geographic breadth 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 receivable. 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.

Our global methodology for estimating the allowance for doubtful accounts involves identifying higher‑risk customer accounts, evaluating current and expected economic conditions, and estimating allowances for significantly past‑due receivables to ensure adequate provisioning for at‑risk balances.

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 December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands annual disclosures in an entity’s income tax rate reconciliation table and requires annual disclosures regarding cash taxes paid both in the U.S. (federal and state) and foreign jurisdictions. The amendments in this ASU are effective for annual periods beginning after December 15, 2024, and we adopted the provisions of ASU 2023-09 for the year ended December 31, 2025 on a prospective basis. Expanded disclosures are reflected in Note 5.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (DISE), which requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. This ASU will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are currently evaluating the impact that the adoption of this standard will have on our consolidated financial statements.

Fair Value of Financial Instruments - Economic Hedges (Details) - Foreign exchange contract - Not Designated as Hedging Instrument - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other operating income (expense)
Derivative [Line Items]
Gain (loss) on foreign currency contract	$ (17.9)	$ (11.0)	$ 21.3
Level 2
Derivative [Line Items]
Fair value of derivative instruments, net	(1.1)	8.9
Prepaid expenses and other \| Level 2
Derivative [Line Items]
Fair value of derivative instruments, asset	4.2	19.0
Accrued Liabilities \| Level 2
Derivative [Line Items]
Fair value of derivative instruments, liability	$ (5.3)	$ (10.1)

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets
Pension liabilities	$ 25.8	$ 26.9
Retirement benefits other than pensions	14.0	10.8
Lease liabilities	116.0	99.5
Workers’ compensation and other claims	25.8	26.3
Property and equipment, net	46.5	42.3
Other assets and liabilities	109.3	117.2
Net operating loss carryforwards	63.0	54.4
Interest limitations and other tax carryforwards(a)	101.0	80.2
Foreign tax and other tax credits(b)	51.7	61.1
Subtotal	553.1	518.7
Valuation allowances	(136.5)	(118.1)
Total deferred tax assets	416.6	400.6
Deferred tax liabilities
Right-of-use assets, net	107.2	93.0
Goodwill and other intangibles	107.9	101.1
Other assets and miscellaneous	30.7	30.1
Deferred tax liabilities	245.8	224.2
Net deferred tax asset	170.8	176.4
Included in:
Noncurrent assets	237.3	239.2
Noncurrent liabilities	(66.5)	(62.8)
Operating Loss Carryforwards [Line Items]
Interest limitations and other tax carryforwards	101.0	$ 80.2
Foreign tax credit amount	50.3
Other tax credit amount	1.3
Tax credit carryforward valuation allowance	50.3
United States
Deferred tax assets
Net operating loss carryforwards	0.0
Interest limitations and other tax carryforwards(a)	63.8
Operating Loss Carryforwards [Line Items]
Interest limitations and other tax carryforwards	63.8
Foreign
Deferred tax assets
Net operating loss carryforwards	50.9
Interest limitations and other tax carryforwards(a)	37.2
Operating Loss Carryforwards [Line Items]
Interest limitations and other tax carryforwards	$ 37.2

Subsequent Events (Details) - USD ($) $ in Millions		12 Months Ended
Subsequent Events (Details) - USD ($) $ in Millions	Feb. 26, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 6.0	$ 19.1	$ 1.5
Subsequent Event \| NCR Atleos
Subsequent Event [Line Items]
Subsequent event date	Feb. 26, 2026
Fair value of purchase consideration	$ 6,600.0
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Value	11.5
Payments to Acquire Businesses, Net of Cash Acquired	2,200.0
Business Combination, Consideration Transferred, Liabilities Incurred	$ 2,600.0

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

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Income Statement [Abstract]

Revenues

$ 5,261.2

$ 5,011.9

$ 4,874.6

Costs and expenses:

Cost of revenues

3,903.2

3,743.1

3,707.1

Selling, general and administrative expenses

778.0

834.5

688.1

Total costs and expenses

4,681.2

4,577.6

4,395.2

Other operating income (expense)

5.5

18.7

(54.2)

Operating profit

585.5

453.0

425.2

Interest expense

(245.5)

(235.4)

(203.8)

Interest and other nonoperating income (expense)

13.9

48.7

14.4

Income from continuing operations before tax

353.9

266.3

235.8

Provision for income taxes

143.3

92.7

139.2

Income from continuing operations

210.6

173.6

96.6

Income (loss) from discontinued operations, net of tax

(0.4)

1.1

1.7

Net income

210.2

174.7

98.3

Less net income attributable to noncontrolling interests

10.5

11.8

10.6

Net income attributable to Brink’s

199.7

162.9

87.7

Amounts attributable to Brink’s:

Continuing operations

200.1

161.8

86.0

Discontinued operations

(0.4)

1.1

1.7

Net income attributable to Brink’s

$ 199.7

$ 162.9

$ 87.7

Basic:

Continuing operations (in dollars per share)

^[1]

$ 4.74

$ 3.65

$ 1.86

Discontinued operations (in dollars per share)

^[1]

(0.01)

0.03

0.04

Net income (in dollars per share)

^[1]

4.73

3.68

1.90

Diluted:

Continuing operations (in dollars per share)

^[1]

4.70

3.61

1.83

Discontinued operations (in dollars per share)

^[1]

(0.01)

0.03

0.04

Net income (in dollars per share)

^[1]

$ 4.69

$ 3.63

$ 1.87

Weighted-average shares

Basic (shares)

42.2

44.3

46.2

Diluted (shares)

42.5

44.8

46.9

[1]	Amounts may not add due to rounding.

Interest and Other Nonoperating Income (Expense)

12 Months Ended

Dec. 31, 2025

Interest and Other Income [Abstract]

Interest and Other Nonoperating Income (Expense)


	Years Ended December 31,
(In millions)	2025		2024	2023

Interest income	$	27.3	48.9	36.3
Gain (loss) on equity and debt securities	(3.8)		5.0	(12.8)
Non-income taxes on intercompany billings	(2.6)		(2.1)	(2.6)
Argentina turnover tax	(2.3)		(3.4)	(6.8)
Retirement benefit cost other than service cost	(1.9)		(0.2)	(0.5)
Foreign currency transaction gains (losses)	(1.8)		0.3	(1.1)







Other	(1.0)		0.2	1.9
Interest and other nonoperating income (expense)	$	13.9	48.7	14.4

Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Gross amount of the net operating loss carryforwards	$ 434.0
Potential benefits	13.8
Accrued penalties and interest	$ 2.9	$ 5.3

Prepaid Expenses and Other

12 Months Ended

Dec. 31, 2025

Prepaid Expense, Current [Abstract]

Prepaid Expenses and Other


	December 31,
(In millions)	2025		2024

Prepaid expenses	$	173.8	164.4
Assets held for sale	32.9		34.9
Income tax receivable	24.2		16.9
Sales-type lease inventory	18.2		24.3
Derivative instruments	7.0		24.7
Other	40.0		48.8
Prepaid expenses and other	$	296.1	314.0

Leases - Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Lease, Cost [Abstract]
Operating lease cost(a)	$ 159.5	$ 148.7	$ 133.8
Short-term lease cost	30.3	23.3	25.5
Variable lease cost(a)	91.0	19.9	19.6
Amortization of related assets	61.5	52.4	44.5
Interest on related liabilities	25.7	17.5	14.0
Total lease cost	$ 368.0	$ 261.8	$ 237.4

Retirement Benefits - Obligations and Funded Status (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Noncurrent asset	$ 42.4	$ 20.9
Total
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	933.5	1,012.3
Service cost	8.3	8.7	$ 7.6
Interest cost	49.3	48.4	50.5
Participant contributions	0.6	0.6
Plan amendments	(0.3)	0.0
Plan combinations	1.0	2.2
Curtailment	(0.1)	0.1
Settlements	(2.7)	(0.9)
Benefits paid	(66.2)	(67.4)
Actuarial (gains) losses	(1.3)	(39.8)
Foreign currency exchange effects	35.2	(30.7)
Benefit obligation at end of year	957.3	933.5	1,012.3
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	826.2	870.9
Return on assets – actual	49.4	23.3
Participant contributions	0.6	0.6
Plan combinations	1.0	2.2
Employer contributions	13.0	14.4
Settlements	(2.7)	(0.9)
Benefits paid	(66.2)	(67.4)
Foreign currency exchange effects	19.8	(16.9)
Fair value of plan assets at end of year	841.1	826.2	870.9
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(116.2)	(107.3)
Noncurrent asset	42.4	20.9
Current liability, included in accrued liabilities	10.8	5.7
Noncurrent liability	147.8	122.5
Net pension (asset) liability	116.2	107.3
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(212.2)	(230.3)
Net actuarial gains (losses) arising during the year	(5.3)	5.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	9.2	8.9
Foreign currency exchange effects	(2.5)	4.0
End of year - net gains and losses	(210.8)	(212.2)	(230.3)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	(0.5)	(0.7)
Prior service credit (cost) from plan amendments during the year	0.3	0.0
Reclassification adjustment for amortization of prior service cost included in net income (loss)	0.1	0.1
Foreign currency exchange effects	0.1	0.1
End of year - net prior service (cost) credit	0.0	(0.5)	(0.7)
Retirement benefits other than pension
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	250.0	305.3
Service cost	0.2	0.1	0.3
Interest cost	14.2	14.2	16.4
Plan amendments	0.0	8.8
Benefits paid	(25.3)	(29.0)
Actuarial (gains) losses	17.3	(46.8)
Foreign currency exchange effects	0.9	(2.6)
Benefit obligation at end of year	257.3	250.0	305.3
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	129.5	136.1
Return on assets – actual	19.2	13.6
Plan combinations	(1.3)	0.5
Employer contributions	7.5	8.3
Benefits paid	(25.3)	(29.0)
Fair value of plan assets at end of year	129.6	129.5	136.1
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(127.7)	(120.5)
Current liability, included in accrued liabilities	7.3	9.0
Noncurrent liability	120.4	111.5
Net pension (asset) liability	127.7	120.5
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(61.7)	(118.1)
Net actuarial gains (losses) arising during the year	(7.8)	50.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	5.2	6.0
Foreign currency exchange effects	0.1	0.2
End of year - net gains and losses	(64.2)	(61.7)	(118.1)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	51.7	69.9
Prior service credit (cost) from plan amendments during the year	0.0	(8.8)
Reclassification adjustment for amortization of prior service cost included in net income (loss)	(10.3)	(9.4)
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	41.4	51.7	69.9
U.S. Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	585.7	629.2
Service cost	0.0	0.0	0.0
Interest cost	31.3	30.7	32.4
Participant contributions	0.0	0.0
Plan amendments	0.0	0.0
Plan combinations	0.0	0.0
Curtailment	0.0	0.0
Settlements	0.0	0.0
Benefits paid	(45.4)	(45.0)
Actuarial (gains) losses	2.6	(29.2)
Foreign currency exchange effects	0.0	0.0
Benefit obligation at end of year	574.2	585.7	629.2
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	587.7	611.6
Return on assets – actual	54.4	20.4
Participant contributions	0.0	0.0
Plan combinations	0.0	0.0
Employer contributions	0.7	0.7
Settlements	0.0	0.0
Benefits paid	(45.4)	(45.0)
Foreign currency exchange effects	0.0	0.0
Fair value of plan assets at end of year	597.4	587.7	611.6
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	23.2	2.0
Noncurrent asset	29.2	8.2
Current liability, included in accrued liabilities	0.6	0.6
Noncurrent liability	5.4	5.6
Net pension (asset) liability	(23.2)	(2.0)
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(178.8)	(187.2)
Net actuarial gains (losses) arising during the year	7.3	3.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	5.2	5.2
Foreign currency exchange effects	0.0	0.0
End of year - net gains and losses	(166.3)	(178.8)	(187.2)
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
Reclassification adjustment for amortization of prior service cost included in net income (loss)	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) - Asset Return Different from Expected
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	10.0	(26.0)
U.S. Plans \| Actuarial Gains (Losses) - Net Obligation Gain (Loss)
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	(3.0)
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 (losses) arising during the year	(10.0)	27.0
U.S. Plans \| Actuarial Gains (Losses) - Change in Census Data
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	8.0	2.0
Non-U.S. Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	347.8	383.1
Service cost	8.3	8.7	7.6
Interest cost	18.0	17.7	18.1
Participant contributions	0.6	0.6
Plan amendments	(0.3)	0.0
Plan combinations	1.0	2.2
Curtailment	(0.1)	0.1
Settlements	(2.7)	(0.9)
Benefits paid	(20.8)	(22.4)
Actuarial (gains) losses	(3.9)	(10.6)
Foreign currency exchange effects	35.2	(30.7)
Benefit obligation at end of year	383.1	347.8	383.1
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	238.5	259.3
Return on assets – actual	(5.0)	2.9
Participant contributions	0.6	0.6
Plan combinations	1.0	2.2
Employer contributions	12.3	13.7
Settlements	(2.7)	(0.9)
Benefits paid	(20.8)	(22.4)
Foreign currency exchange effects	19.8	(16.9)
Fair value of plan assets at end of year	243.7	238.5	259.3
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(139.4)	(109.3)
Noncurrent asset	13.2	12.7
Current liability, included in accrued liabilities	10.2	5.1
Noncurrent liability	142.4	116.9
Net pension (asset) liability	139.4	109.3
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(33.4)	(43.1)
Net actuarial gains (losses) arising during the year	(12.6)	2.0
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	4.0	3.7
Foreign currency exchange effects	(2.5)	4.0
End of year - net gains and losses	(44.5)	(33.4)	(43.1)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	(0.5)	(0.7)
Prior service credit (cost) from plan amendments during the year	0.3	0.0
Reclassification adjustment for amortization of prior service cost included in net income (loss)	0.1	0.1
Foreign currency exchange effects	0.1	0.1
End of year - net prior service (cost) credit	0.0	(0.5)	(0.7)
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 (losses) arising during the year	(17.0)	(9.0)
Non-U.S. Plans \| Actuarial Gains (Losses) - Net Obligation Gain (Loss)
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	4.0
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 (losses) arising during the year	(19.0)	11.0
Non-U.S. Plans \| Actuarial Gains (Losses) - Assumptions Updates
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	15.0
UMWA Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	172.2	214.0
Service cost	0.0	0.0	0.0
Interest cost	9.8	9.6	11.1
Plan amendments	0.0	8.8
Benefits paid	(17.8)	(20.7)
Actuarial (gains) losses	21.0	(39.5)
Foreign currency exchange effects	0.0	0.0
Benefit obligation at end of year	185.2	172.2	214.0
Changes in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	129.5	136.1
Return on assets – actual	19.2	13.6
Plan combinations	(1.3)	0.5
Employer contributions	0.0	0.0
Benefits paid	(17.8)	(20.7)
Fair value of plan assets at end of year	129.6	129.5	136.1
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded status	(55.6)	(42.7)
Current liability, included in accrued liabilities	0.0	0.0
Noncurrent liability	55.6	42.7
Net pension (asset) liability	55.6	42.7
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(29.1)	(73.7)
Net actuarial gains (losses) arising during the year	(11.5)	42.9
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	2.0	1.7
Foreign currency exchange effects	0.0	0.0
End of year - net gains and losses	(38.6)	(29.1)	(73.7)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	51.5	69.7
Prior service credit (cost) from plan amendments during the year	0.0	(8.8)
Reclassification adjustment for amortization of prior service cost included in net income (loss)	(10.2)	(9.4)
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	41.3	51.5	69.7
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 (losses) arising during the year	10.0	3.0
UMWA Plans \| Actuarial Gains (Losses) - Change in Discount Rate
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	(4.0)	7.0
UMWA Plans \| Actuarial Gains (Losses) - Claims Assumptions Updates
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year	(17.0)	35.0
UMWA Plans \| Actuarial Gains (Losses) - Payments Higher Than Expected
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year		(4.0)
Black Lung and Other Plans
Changes in the benefit obligation [Roll Forward]
Benefit obligation at beginning of year	77.8	91.3
Service cost	0.2	0.1	0.3
Interest cost	4.4	4.6	5.3
Plan amendments	0.0	0.0
Benefits paid	(7.5)	(8.3)
Actuarial (gains) losses	(3.7)	(7.3)
Foreign currency exchange effects	0.9	(2.6)
Benefit obligation at end of year	72.1	77.8	91.3
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
Plan combinations	0.0	0.0
Employer contributions	7.5	8.3
Benefits paid	(7.5)	(8.3)
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	(72.1)	(77.8)
Current liability, included in accrued liabilities	7.3	9.0
Noncurrent liability	64.8	68.8
Net pension (asset) liability	72.1	77.8
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year - net gains and losses	(32.6)	(44.4)
Net actuarial gains (losses) arising during the year	3.7	7.3
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	3.2	4.3
Foreign currency exchange effects	0.1	0.2
End of year - net gains and losses	(25.6)	(32.6)	(44.4)
Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year - net prior service (cost) credit	0.2	0.2
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)	(0.1)	0.0
Foreign currency exchange effects	0.0	0.0
End of year - net prior service (cost) credit	0.1	0.2	$ 0.2
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 (losses) arising during the year		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 (losses) arising during the year	$ 4.0	(4.0)
Black Lung and Other Plans \| Actuarial Gains (Losses) - Claims Assumptions Updates
Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Net actuarial gains (losses) arising during the year		$ 7.0

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

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)	2025		2024





2027 Senior Unsecured Notes
Carrying value	$	600.0	600.0
Fair value	579.0		558.7

2029 Senior Unsecured Notes
Carrying value	$	400.0	400.0
Fair value	412.2		399.0

2032 Senior Unsecured Notes
Carrying value	$	400.0	400.0
Fair value	416.0		397.2

Derivatives Not Designated as Hedging Instruments

The fair value of these contracts were recognized in the consolidated balance sheet as follows:


	December 31,
(In millions)	2025		2024

Prepaid expenses and other	$	4.2	19.0
Accrued liabilities	(5.3)		(10.1)
Net asset (liability)	$	(1.1)	8.9

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


	Twelve Months Ended December 31,
(In millions)	2025		2024	2023

Derivative instrument gains (losses) included in other operating income (expense)(a)	$	(17.9)	(11.0)	21.3

(a)Derivative instrument losses in 2025 were driven primarily by the impacts of hedging currency exposures on intercompany loans denominated in the euro, the British pound, and the Mexican peso. Derivative instrument losses in 2024 and derivative instrument gains in 2023 were driven primarily by the impacts of forward currency contracts to hedge exposure to the Mexican peso

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of these contracts were recognized in the consolidated balance sheet as follows:


	December 31,
(In millions)	2025		2024

Euro net investment hedge(a)
Prepaid expenses and other	$	2.1	5.7
Accrued liabilities	(34.2)		—
Other noncurrent liabilities	(28.3)		(21.7)

Zero cost collar
Prepaid expenses and other	$	0.2	—
Other noncurrent asset	—		3.1

Other currency net investment hedges(b)
Prepaid expenses and other	$	0.5	0.1
Other noncurrent asset	0.2		—
Accrued liabilities	(0.7)		—
Other noncurrent liabilities	(1.1)		—

Net asset (liability)	$	(61.3)	(12.8)

(a)At December 31, 2025, swaps with a total notional value of $215 million will terminate in May 2026 and have a weighted average maturity of 0.3 years. Swaps with a total notional value of $185 million will terminate in April 2031 and have a weighted average maturity of 4.8 years.

(b)At December 31, 2025, the total notional value was $145 million with a weighted average maturity of 1.1 years. These contracts hedge portions of our net investments in subsidiaries with functional currencies of Hong Kong dollar; Singapore dollar; Japanese yen; Israeli shekel; Swiss franc; and Canadian dollar.

The fair values of our interest rate swaps were recognized in the consolidated balance sheet as follows:


	December 31,
(In millions)	2025		2024

$100 million notional - June 2027 maturity(a)
Accrued liabilities	$	(0.3)	—
Other noncurrent liabilities	(0.3)		—

$50 million notional - June 2027 maturity(a)
Accrued liabilities	$	(0.1)	—
Other noncurrent liabilities	(0.1)		—
Net asset (liability)	$	(0.8)	—

(a)At December 31, 2025, swaps with a total notional value of $150 million will terminate in June 2027 and have a weighted average maturity of 0.8 years.

Schedule of Interest Rate Derivatives

The effect of the amortization of the spot-forward difference on the net investment hedges, cross currency swaps, and foreign exchange forward swap contract is included as a benefit in interest expense as follows:


	Twelve Months Ended December 31,
(In millions)	2025		2024	2023

Cross currency swaps designated as net investment hedges	$	(5.1)	(4.6)	(5.2)

Amounts under these contracts were recognized in interest expense as follows:


	Twelve Months Ended December 31,
(In millions)	2025		2024	2023

Impact to interest expense - (benefit) cost	$	(7.7)	(17.7)	(19.9)

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2025

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)

2025

Amounts attributable to Brink's:
Benefit plan adjustments	$	(14.6)	4.0	5.7	(1.7)	(6.6)
Foreign currency translation adjustments	144.3		9.9	(5.2)	1.1	150.1
Gains (losses) on available-for-sale securities	(6.7)		(1.4)	10.1	0.4	2.4
Gains (losses) on cash flow hedges	(0.3)		(1.0)	(7.7)	1.8	(7.2)
	122.7		11.5	2.9	1.6	138.7

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.3)		—	—	—	(0.3)
Foreign currency translation adjustments	5.3		—	—	—	5.3
	5.0		—	—	—	5.0

Total
Benefit plan adjustments(a)	(14.9)		4.0	5.7	(1.7)	(6.9)
Foreign currency translation adjustments(b)	149.6		9.9	(5.2)	1.1	155.4
Gains (losses) on available-for-sale securities(c)	(6.7)		(1.4)	10.1	0.4	2.4
Gains (losses) on cash flow hedges(d)	(0.3)		(1.0)	(7.7)	1.8	(7.2)
	$	127.7	11.5	2.9	1.6	143.7

2024

Amounts attributable to Brink's:
Benefit plan adjustments	$	50.5	(10.8)	5.6	(3.5)	41.8
Foreign currency translation adjustments	(178.8)		(6.2)	(4.6)	1.1	(188.5)
Gains (losses) on available-for-sale securities	(2.1)		0.8	(4.6)	4.4	(1.5)
Gains (losses) on cash flow hedges	15.6		(2.2)	(17.7)	4.4	0.1
	(114.8)		(18.4)	(21.3)	6.4	(148.1)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	0.1		—	(0.3)	—	(0.2)
Foreign currency translation adjustments	(0.3)		—	—	—	(0.3)
	(0.2)		—	(0.3)	—	(0.5)

Total
Benefit plan adjustments(a)	50.6		(10.8)	5.3	(3.5)	41.6
Foreign currency translation adjustments(b)	(179.1)		(6.2)	(4.6)	1.1	(188.8)
Gains (losses) on available-for-sale securities(c)	(2.1)		0.8	(4.6)	4.4	(1.5)
Gains (losses) on cash flow hedges(d)	15.6		(2.2)	(17.7)	4.4	0.1
	$	(115.0)	(18.4)	(21.6)	6.4	(148.6)

See page 98 for footnote explanations.


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

2023

Amounts attributable to Brink's:
Benefit plan adjustments	$	(17.4)	4.3	2.2	(0.6)	(11.5)
Foreign currency translation adjustments	65.6		4.0	(5.2)	1.2	65.6
Gains (losses) on available-for-sale securities	(0.8)		(3.7)	5.0	(1.7)	(1.2)
Gains (losses) on cash flow hedges	1.9		(0.8)	(11.3)	1.8	(8.4)
	49.3		3.8	(9.3)	0.7	44.5

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	—		—	(0.1)	—	(0.1)
Foreign currency translation adjustments	(2.2)		—	—	—	(2.2)
	(2.2)		—	(0.1)	—	(2.3)

Total
Benefit plan adjustments(a)	(17.4)		4.3	2.1	(0.6)	(11.6)
Foreign currency translation adjustments(b)	63.4		4.0	(5.2)	1.2	63.4
Gains (losses) on available-for-sale securities(c)	(0.8)		(3.7)	5.0	(1.7)	(1.2)
Gains (losses) on cash flow hedges(d)	1.9		(0.8)	(11.3)	1.8	(8.4)
	$	47.1	3.8	(9.4)	0.7	42.2

(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 settlements. 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)	2025		2024	2023

Total net periodic retirement benefit cost included in:
Cost of revenues	$	6.8	6.8	5.9
Selling, general and administrative expenses	1.8		2.1	2.0
Interest and other nonoperating income (expense)	1.9		0.1	0.5

(b)2025 foreign currency translation adjustment amounts reflect primarily the appreciation of the Mexican peso, the Brazilian real, the Colombian peso, the Chilean peso, the Malaysian ringgit, and the euro. 2024 foreign currency translation adjustment amounts reflect primarily the devaluation of the Mexican peso, the Brazilian real, the Canadian dollar, the Colombian peso, the Chilean peso, and the euro. 2023 foreign currency translation adjustment amounts reflect primarily the appreciation of the Mexican peso, the Brazilian real, the British pound, and the euro.

(c)Unrealized gains and losses on available-for-sale debt securities are initially recognized in accumulated other comprehensive income (loss). When sold, gains and losses are then realized and reclassified to the consolidated statement of operations in the same period. Pretax amounts are classified in the consolidated statements of operations as interest and other income (expense). We realized a $10.1 million gain in 2025, a $4.6 million gain in 2024, and a $5.0 million loss in 2023 on sales of available-for-sale debt securities.

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

•other operating income (expense) (no gain or loss in 2025, no gain or loss in 2024 and a $7.8 million loss in 2023.)

•interest expense ($7.7 million reduction to expense in 2025, $17.7 million reduction to expense in 2024, and $19.1 million reduction to expense in 2023.)

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	Gains (Losses) on Available-for-Sale Securities	Gains (Losses) on Cash Flow Hedges	Total
Balance as of December 31, 2022	$	(290.7)	(433.8)	(0.6)	24.6	(700.5)
Other comprehensive income (loss) before reclassifications	(13.1)		69.6	(4.5)	1.1	53.1
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	1.6		(4.0)	3.3	(9.5)	(8.6)
Other comprehensive income (loss) attributable to Brink's	(11.5)		65.6	(1.2)	(8.4)	44.5


Balance as of December 31, 2023	(302.2)		(368.2)	(1.8)	16.2	(656.0)
Other comprehensive income (loss) before reclassifications	39.7		(185.0)	3.1	13.4	(128.8)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	2.1		(3.5)	(4.6)	(13.3)	(19.3)
Other comprehensive income (loss) attributable to Brink's	41.8		(188.5)	(1.5)	0.1	(148.1)


Balance as of December 31, 2024	(260.4)		(556.7)	(3.3)	16.3	(804.1)
Other comprehensive income (loss) before reclassifications	(10.6)		154.2	(8.1)	(1.3)	134.2
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	4.0		(4.1)	10.5	(5.9)	4.5
Other comprehensive income (loss) attributable to Brink's	(6.6)		150.1	2.4	(7.2)	138.7

Acquisitions of noncontrolling interests	—		(0.2)	—	—	(0.2)
Balance as of December 31, 2025	$	(267.0)	(406.8)	(0.9)	9.1	(665.6)

Accounts Receivable and Credit Losses (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) country	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Receivables [Abstract]
Number of countries in which the entity operates \| country	100
Accounts Receivable, Net, Current [Abstract]
Trade	$ 643.1	$ 603.9
Other	143.5	154.1
Total accounts receivable	786.6	758.0
Allowance for doubtful accounts	(20.6)	(24.5)	$ (30.4)
Accounts receivable, net	766.0	733.5
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning of year	24.5	30.4	38.3
Provision for uncollectible accounts receivable	6.3	8.5	12.8
Write offs and recoveries	(11.4)	(13.6)	(21.1)
Foreign currency exchange effects	1.2	(0.8)	0.4
End of year	$ 20.6	$ 24.5	$ 30.4

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,725.9	$ 1,395.3
Restricted cash	541.0	445.1
Accounts receivable (net of allowance: 2025 - $20.6; 2024 - $24.5)	766.0	733.5
Prepaid expenses and other	296.1	314.0
Total current assets	3,329.0	2,887.9
Right-of-use assets, net	388.7	354.9
Property and equipment (net of accumulated depreciation and amortization: 2025 - $1,886.2; 2024 - $1,633.2)	1,130.5	982.7
Goodwill	1,515.3	1,434.9
Other intangibles (net of accumulated amortization: 2025 - $368.3; 2024 - $321.3)	385.2	422.3
Deferred income taxes	237.3	239.2
Other	353.2	301.2
Total assets	7,339.2	6,623.1
Current liabilities:
Short-term borrowings	241.1	149.3
Current maturities of long-term debt	163.1	141.7
Accounts payable	319.3	316.6
Accrued liabilities	1,180.2	1,058.1
Restricted cash held for customers	294.2	232.7
Total current liabilities	2,197.9	1,898.4
Long-term debt	3,810.1	3,605.2
Accrued pension costs	147.8	122.5
Retirement benefits other than pensions	120.4	111.5
Lease liabilities	310.2	278.6
Deferred income taxes	66.5	62.8
Other	279.0	231.6
Total liabilities	6,931.9	6,310.6
Commitments and contingent liabilities (notes 4, 5, 14, 16, and 22)
The Brink’s Company (“Brink’s”) shareholders:
Common Stock	41.1	42.9
Capital in excess of par value	632.1	660.7
Retained earnings	270.1	285.4
Benefit plan adjustments	(267.0)	(260.4)
Foreign currency translation	(406.8)	(556.7)
Unrealized losses on available-for-sale securities	(0.9)	(3.3)
Unrealized gains on cash flow hedges	9.1	16.3
Accumulated other comprehensive loss	(665.6)	(804.1)
Brink’s shareholders	277.7	184.9
Noncontrolling interests	129.6	127.6
Total equity	407.3	312.5
Total liabilities and equity	$ 7,339.2	$ 6,623.1

Other Assets

12 Months Ended

Dec. 31, 2025

Other Assets, Noncurrent Disclosure [Abstract]

Other Assets


	December 31,
(In millions)	2025		2024

Sales-type lease receivables	$	127.3	97.4
Prepaid pension assets	42.4		20.9
Deposits	31.8		27.9
Marketable securities	19.1		31.3
Contract assets	16.6		17.6
Loans held for investment (see Note 19)	12.6		16.4
Other	103.4		89.7
Other assets	$	353.2	301.2

Other Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2025	Sep. 30, 2021
Loss Contingencies [Line Items]
Noncancellable commitments in equipment purchases		$ 29.5
Chile Antitrust Matter
Loss Contingencies [Line Items]
Chile antitrust matter fine	$ 30.5
Chile antitrust matter charge			$ 9.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482395/460-10-55-27

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

+ Details

Capital Stock

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Capital Stock

Common Stock

At December 31, 2025, we had 100 million shares of common stock authorized and 41.1 million shares issued and outstanding.

Dividends

We paid regular quarterly dividends on our common stock during the last three years. On September 17, 2025, the Board declared a regular quarterly dividend of 25.50 cents per share payable on December 1, 2025 to shareholders of record on November 3, 2025. The payment of future dividends is at the discretion of the Board and is dependent on our future earnings, financial condition, shareholder equity levels, cash flow, business requirements and other factors.

Preferred Stock

At December 31, 2025, we had the authority to issue up to 2.0 million shares of preferred stock with a par value of $10 per share.

Share Repurchase Program

In December 2025, our Board authorized a $750 million share repurchase program that expires on December 31, 2027 (the “2025 Repurchase Program”).

Under the 2025 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 November 2023, our Board authorized a $500 million share repurchase program (the “2023 Repurchase Program”). Under the 2023 Repurchase Program, in 2025, we repurchased a total of 2,210,616 shares of our common stock for an aggregate of $209.4 million and an average price of $94.74 per share. In 2024, we repurchased a total of 2,108,544 shares of our common stock for an aggregate of $203.6 million and an average price of $96.54 per share. These shares were retired upon repurchase. The 2023 Repurchase Program expired on December 31, 2025, with approximately $87 million remaining available.

In October 2021, we announced that our Board authorized a $250 million share repurchase program (the "2021 Repurchase Program"). Under the 2021 Repurchase Program, in 2023, we repurchased a total of 2,297,955 shares of our common stock for an aggregate of $169.9 million and an average price of $73.92 per share. These shares were retired upon repurchase. The 2021 Repurchase Program expired on December 31, 2023 with approximately $28 million remaining available.

Shares Used to Calculate Earnings per Share


	Years Ended December 31,
(In millions)	2025	2024	2023

Weighted-average shares

Basic(a)	42.2	44.3	46.2
Effect of dilutive stock awards	0.3	0.5	0.7
Diluted(a)	42.5	44.8	46.9

Antidilutive stock excluded from denominator	—	—	0.3

(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 0.2 million in 2025, 0.2 million in 2024 and 0.3 million in 2023.

- Definition

The entire disclosure for equity.

+ References

+ Details

Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

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 - include costs to manage the global business and perform activities required by public companies as well as other items that are considered part of the Company's operations and revenue generating activities but are not considered when the CODM evaluates segment results. Examples include corporate staff compensation, corporate headquarters costs, regional management costs, share-based compensation, and currency transaction gains and losses.

•Other items not allocated to segments - include income and expenses that are not necessary to operate our business in the ordinary course and are not considered when the CODM evaluates segment results. These include non-recurring as well as certain recurring costs and gains which are not considered to be part of the Company's operations and revenue generating activities. As such, they have not been allocated to segment or Corporate results.

Our CODM uses segment operating profit to evaluate the performance of each of our reportable segments, comparing profitability to expected results as well as to the other segments, ultimately guiding resource allocation decisions including investment, capital allocation and staffing to optimize overall company profitability.

We currently serve customers in more than 100 countries, including 51 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,

•Europe – predominantly 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.

Operations in certain geographies were moved from the Rest of World segment to the Europe segment, effective December 31, 2025 in order to align with management reporting. We have recast all prior periods presented to provide consistent comparability.


	Year Ended December 31, 2025
(In millions)	North America		Latin America	Europe	Rest of World	Total

Revenues	$	1,742.6	1,289.6	1,429.5	799.5	5,261.2
Less:
Cost of revenues:
Labor and fringe benefit costs(a)	606.3		574.3	619.2	200.4
Other cost of revenues segment items(b)	667.9		350.9	474.5	357.3
Total cost of revenues(a)	1,274.2		925.2	1,093.7	557.7

Selling, general, and administrative(a)	221.7		120.5	158.6	63.6


Segment operating profit	$	246.7	243.9	177.2	178.2	846.0


	Year Ended December 31, 2024
(In millions)	North America		Latin America	Europe	Rest of World	Total

Revenues	$	1,649.7	1,311.0	1,305.0	746.2	5,011.9
Less:
Cost of revenues:
Labor and fringe benefit costs(a)	624.0		572.1	578.5	202.5
Other cost of revenues segment items(b)	608.2		349.3	425.9	329.7
Total cost of revenues(a)	1,232.2		921.4	1,004.4	532.2

Selling, general, and administrative(a)	223.5		117.3	149.5	58.6


Segment operating profit	$	194.0	272.3	151.1	155.4	772.8


	Year Ended December 31, 2023
(In millions)	North America		Latin America	Europe	Rest of World	Total

Revenues	$	1,601.1	1,332.3	1,213.6	727.6	4,874.6
Less:
Cost of revenues:
Labor and fringe benefit costs(a)	633.2		574.6	546.7	203.1
Other cost of revenues segment items(b)	583.4		354.1	405.9	321.7
Total cost of revenues(a)	1,216.6		928.7	952.6	524.8

Selling, general, and administrative(a)	199.3		123.3	124.0	50.7


Segment operating profit	$	185.2	280.3	137.0	152.1	754.6

(b)Other cost of revenues segment items for each reportable segment include primarily vehicle expenses, freight, equipment costs, building expense, and office and administrative expenses.


	Years Ended December 31,
(In millions)	2025		2024	2023

Segment operating profit	$	846.0	772.8	754.6

Reconciling Items:
Corporate expenses:
General, administrative and other expenses	(147.0)		(167.3)	(154.9)
Foreign currency transaction gains	10.9		23.9	15.3

Other items not allocated to segments(a):
Reorganization and restructuring	(1.4)		(1.5)	(17.6)
Acquisitions and dispositions	(78.5)		(62.5)	(70.6)
Argentina highly inflationary impact(b)	(10.2)		(35.0)	(86.8)
Transformation initiatives	(26.0)		(28.4)	(5.5)
DOJ/FinCEN investigations	(6.5)		(45.7)	—
Chile antitrust matter	(0.8)		(1.3)	(0.5)


Non-routine auto loss matter	(1.0)		(2.0)	(8.0)
Reporting compliance	—		—	(0.8)
Operating profit	$	585.5	453.0	425.2

(a)See "Other Items not Allocated to Segments" for a description of these items.

(b)See "Depreciation Adjustment" in Note 1 for more details.

Other Items not Allocated to Segments

Reorganization and restructuring Net charges incurred in relation to certain restructuring actions include primarily severance charges and asset impairment losses. The 2022 Global Restructuring Plan was designed to, among other things, enable growth, reduce costs and related infrastructure, and to mitigate the potential impact of external economic conditions in light of the COVID-19 pandemic. Other restructuring actions were primarily in response to the COVID-19 pandemic and a decision to exit a line of business in our Canada operating unit.

Acquisitions and dispositions These items include non-cash amortization expense for acquisition-related intangible assets, as well as integration, transaction, restructuring and certain compensation costs.

Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, Argentine peso-denominated monetary assets and liabilities are now remeasured at each balance sheet date to the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In addition, nonmonetary assets retain a higher historical basis when the currency is devalued. The higher historical basis results in incremental expense being recognized when the nonmonetary assets are consumed.

Transformation initiatives During 2023, we initiated a multi-year program intended to accelerate growth and drive margin expansion through transformation of our business model. The program is designed to help us standardize our commercial and operational systems and processes, drive continuous improvement and achieve operational excellence. The transformation costs primarily include third-party professional services, project management charges and severance. These costs relate to a discrete program.

DOJ/FinCEN investigations In 2024, we recorded a charge for a probable loss in connection with U.S. Department of Justice ("DOJ") and U.S. Department of the Treasury’s (the "U.S. Treasury") Financial Crimes Enforcement Network ("FinCEN") investigations. Additionally, we have incurred third-party costs, primarily legal costs, associated with these matters, including upfront expenses that are directly attributable to establishing compliance programs. In the first quarter of 2025, we reached resolutions with both the DOJ and FinCEN.

Chile antitrust matter We have recorded charges for a contingent loss associated with an investigation initiated by the Chilean Fiscalía Nacional Económica or "FNE" (the Chilean antitrust agency). The investigation is related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. Additionally, we have incurred third-party costs, primarily legal costs, associated with this matter. See Note 22 for details.

Non-routine auto loss matter In 2023, a Brink’s employee was involved in a motor vehicle accident with unique circumstances that resulted in the death of a third party. In connection with the ensuing litigation, Brink’s recognized a charge. Additionally, we have incurred third-party costs, primarily legal costs, associated with this matter.

Reporting compliance We incurred certain third-party compliance costs in 2023 to remediate a material weakness in internal controls over financial reporting.


	Years Ended December 31,
(In millions)	2025		2024	2023

Capital Expenditures by Reportable Segment
North America	$	59.7	62.6	43.8
Latin America	24.2		33.0	48.8
Europe	73.3		79.9	77.5
Rest of World	43.4		42.6	25.2
Total reportable segments	200.6		218.1	195.3
Corporate items	2.5		4.4	7.4

Total	$	203.1	222.5	202.7

Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America	$	85.1	82.4	73.9
Latin America	56.2		53.9	53.6
Europe	71.5		61.0	58.0
Rest of World	24.3		22.2	20.6
Total reportable segments	237.1		219.5	206.1
Corporate items	2.6		3.5	5.3
Argentina highly inflationary impact	(7.8)		12.0	5.4

Reorganization and restructuring	—		—	1.2
Depreciation and amortization of property and equipment	231.9		235.0	218.0

Amortization of intangible assets(a)	58.9		58.3	57.8
Total	$	290.8	293.3	275.8

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


	December 31,
(In millions)	2025		2024

Assets held by Reportable Segment
North America	$	2,166.7	2,089.8
Latin America	1,211.6		1,171.7
Europe	2,458.9		1,988.3
Rest of World	1,070.9		991.5
Total reportable segments	6,908.1		6,241.3
Corporate items	431.1		381.8
Total	$	7,339.2	6,623.1


	December 31,
(In millions)	2025		2024

Long-Lived Assets by Significant Country(a)
Non-U.S.:
France	$	143.1	113.2
Mexico	125.0		106.5

Other	544.7		432.0
Subtotal	812.8		651.7
U.S.	317.7		331.0
Total	$	1,130.5	982.7

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


	Years Ended December 31,
(In millions)	2025		2024	2023

Revenues by Significant Country(a)
Outside the U.S.:
Mexico	$	576.4	582.8	563.8
France	470.8		447.1	413.2
Brazil	285.2		283.2	309.8
United Kingdom	236.1		190.7	188.7
Netherlands	183.6		170.3	149.7
Argentina	168.2		190.7	207.1
Canada	129.7		123.1	118.0
Other	1,598.3		1,497.4	1,441.2
Subtotal	3,648.3		3,485.3	3,391.5
U.S.	1,612.9		1,526.6	1,483.1
Total	$	5,261.2	5,011.9	4,874.6

(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)	2025		2024

Net assets outside the U.S. by Geographic Area
Canada	$	46.6	46.9
Latin America(a)	676.8		750.4
Europe(a)(b)	1,354.9		1,061.7
Middle East, Africa and Asia ("MEAA") (a)(b)	556.7		606.5
Total	$	2,635.0	2,465.5

(a)Amounts include net assets of Corporate entities domiciled outside the U.S.

- Definition

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.

+ References

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+ Details

Income Taxes - Cash Taxes (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Cash Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Condensed Cash Flow Statements, Captions [Line Items]
US federal taxes paid	$ 0.0
US state taxes paid	4.7
Income taxes, net	135.7	$ 122.1	$ 96.3
Mexico
Condensed Cash Flow Statements, Captions [Line Items]
Foreign taxes paid	39.7
Argentina
Condensed Cash Flow Statements, Captions [Line Items]
Foreign taxes paid	18.1
Other foreign jurisdiction
Condensed Cash Flow Statements, Captions [Line Items]
Foreign taxes paid	$ 73.2

Accrued Liabilities

12 Months Ended

Dec. 31, 2025

Accrued Liabilities, Current [Abstract]

Accrued Liabilities


	December 31,
(In millions)	2025		2024

Cash supply chain deposit liability(a)	$	199.3	166.5
Payroll and other employee liabilities	176.0		151.2
Taxes, except income taxes	139.2		134.0
Cash held by cash management services operations(b)	106.4		81.3
Operating lease liabilities	92.2		78.2
Derivative instruments	40.6		10.1
Workers’ compensation and other claims	31.1		60.6
ATM surcharge/interchange payables	30.1		28.0
Accrued interest	27.9		28.2
Income taxes payable	20.4		28.0
DOJ/FinCEN investigations(c)	18.2		42.0
Retirement benefits	18.1		14.7
Contract liability	15.0		15.0
Chile antitrust matter(d)	11.3		9.9

Other	254.4		210.4
Accrued liabilities	$	1,180.2	1,058.1

(c)See Note 3 for more information on the DOJ/FinCEN investigations matters.

(d)See Note 22 for more information on the Chile antitrust matter.

Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Information [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

The following table provides the cash income taxes paid, net of refunds, for 2025.


	Year ended December 31,
(in millions)	2025

US Federal	$	—
US State
Others(a)	4.7
Foreign
Mexico	39.7
Argentina	18.1
Others(a)	73.2
Total	$	135.7

(a)There were no other individual jurisdictions above the 5% threshold.


	Years Ended December 31,
	2025		2024	2023

Cash paid for:
Interest	$	239.6	235.3	195.8
Income taxes, net	135.7		122.1	96.3

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)	2025		2024
Cash and cash equivalents	$	1,725.9	1,395.3
Restricted cash	541.0		445.1
Total, cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	2,266.9	1,840.4

Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

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


	December 31,
(In millions)	2025		2024

Land	$	52.6	47.6
Buildings	248.9		228.0
Leasehold improvements	308.4		284.8
Vehicles	855.0		777.9
Capitalized software(a)	323.0		285.5
DRS devices leased to customers	374.5		282.8
Other machinery and equipment	854.3		709.3
	3,016.7		2,615.9
Accumulated depreciation and amortization	(1,886.2)		(1,633.2)
Property and equipment, net	$	1,130.5	982.7

(a)Amortization of capitalized software costs included in continuing operations was $24.4 million in 2025, $19.3 million in 2024 and $15.5 million in 2023.

Retirement Benefits - Estimated Future Pension Benefit Payments (Details) $ in Millions	Dec. 31, 2025 USD ($)
Total
Defined Benefit Plan Disclosure [Line Items]
2026	$ 71.7
2027	71.0
2028	73.4
2029	74.0
2030	74.7
2031 through 2035	377.0
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2026	46.9
2027	46.6
2028	46.2
2029	45.9
2030	45.4
2031 through 2035	216.5
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2026	24.8
2027	24.4
2028	27.2
2029	28.1
2030	29.3
2031 through 2035	$ 160.5

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Supplemental balance sheet disclosure leases

The components of lease assets and liabilities were as follows:


		December 31,
(In millions)	Balance sheet classification	2025		2024
Assets:
Operating lease assets	Right-of-use assets, net	$	388.7	$	354.9
Finance lease assets	Property and equipment, net	326.2		281.3
Total leased assets		$	714.9	$	636.2

Liabilities:
Current:
Operating	Accrued liabilities	$	92.2	$	78.2
Financing	Current maturities of long-term debt	72.7		61.4
Noncurrent:
Operating	Lease liabilities	310.2		278.6
Financing	Long-term debt	197.7		173.7
Total lease liabilities		$	672.8	$	591.9

Lease expenses

The components of lease expense were as follows:


	Years Ended December 31,
(In millions)	2025		2024		2023

Operating lease cost(a)	$	159.5	$	148.7	$	133.8
Short-term lease cost	30.3		23.3		25.5
Variable lease cost(a)	91.0		19.9		19.6
Finance lease cost:
Amortization of related assets	61.5		52.4		44.5
Interest on related liabilities	25.7		17.5		14.0
Total lease cost	$	368.0	$	261.8	$	237.4

(a) Includes expenses related to certain customer contracts in our AMS business, which contain embedded leases where variable lease costs are incurred for the space in which our ATMs reside. Prior periods have been adjusted to conform to the current year presentations.

Other information leases

Other information related to leases was as follows:


	Years Ended December 31,
(In millions, except for lease term and discount rate)	2025			2024			2023

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	134.5		$	125.6		$	107.9
Operating cash flows from finance leases	25.7			17.5			14.0
Financing cash flows from finance leases	75.9			64.6			55.5
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	156.2			132.2			104.3
Finance leases	76.2			75.1			92.0

Weighted Average Remaining Lease Term

Operating leases	6.4 years			6.2 years			6.5 years
Finance leases	4.4 years			4.2 years			4.7 years

Weighted Average Discount Rate

Operating leases	7.3		%	7.0		%	6.8		%
Finance leases	7.1		%	6.7		%	6.2		%

Operating lease future minimum lease payments

As of December 31, 2025, 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		DRS Devices	Other	Total

2026	$	74.9	25.3	17.3	117.5
2027	61.6		23.2	11.2	96.0
2028	50.5		19.9	5.8	76.2
2029	37.8		13.4	1.3	52.5
2030	29.6		3.6	0.4	33.6
Later years	128.9		—	0.1	129.0
Total lease payments	$	383.3	85.4	36.1	504.8
Less: Interest	89.9		9.3	3.2	102.4
Present value of lease liabilities	$	293.4	76.1	32.9	402.4

Financing lease minimum repayments

As of December 31, 2025, minimum repayments of long-term debt under financing leases were as follows:


(In millions)

2026	$	88.2
2027	78.3
2028	58.6
2029	38.7
2030	28.5
Later years	28.6
Total finance lease payments	$	320.9
Less: Interest	50.5
Present value of finance lease liabilities	$	270.4

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill

Based on our management structure, we have four reporting units, which are equal to our operating segments:

•North America

•Latin America

•Europe

•Rest of World

We performed a goodwill impairment test on these reporting units as of October 1, 2025 and performed a qualitative assessment to determine whether it was more likely than not that the fair value of each reporting units were less than their carrying values. Factors considered in the qualitative assessment included, among other things, macroeconomic conditions, industry and market conditions, financial performance of the reporting unit, and other relevant entity and reporting unit considerations. We concluded the estimated fair value of each reporting unit was greater than the carrying value of equity as of our testing date. As a result of the evaluation, we concluded that goodwill was not impaired.

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

The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2025 and 2024 are as follows:


	December 31, 2025
(In millions)	Beginning Balance		Acquisitions/ Dispositions	Segment Reallocation(a)	Currency	Ending Balance

Goodwill:
North America	$	486.5	—	—	0.3	486.8
Latin America	208.5		0.9	—	12.8	222.2
Europe	348.1		8.0	36.3	41.5	433.9
Rest of World	391.8		—	(36.3)	16.9	372.4
Total Goodwill	$	1,434.9	8.9	—	71.5	1,515.3

(a)Operations in certain geographies were moved from the Rest of World to the Europe segment, effective December 31, 2025. See Note 3 for more information. As part of this change, we have reallocated Goodwill between these two segments based on the estimated relative fair value of the business which moved as compared to the total Rest of World segment.


	December 31, 2024
(In millions)	Beginning Balance		Acquisitions/ Dispositions	Currency	Ending Balance

Goodwill:
North America	$	477.7	9.4	(0.6)	486.5
Latin America	230.8		3.3	(25.6)	208.5
Europe	364.9		2.0	(18.8)	348.1
Rest of World	400.4		—	(8.6)	391.8
Total Goodwill	$	1,473.8	14.7	(53.6)	1,434.9

Intangible Assets

The following table summarizes our other intangible assets by category:


	December 31, 2025				December 31, 2024
(In millions)	Gross Carrying Amount(a)		Accumulated Amortization(a)	Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Weighted-average amortization period

Customer relationships	$	641.3	(313.1)	328.2	$	627.7	(271.2)	356.5	7.9
Indefinite-lived trade names	8.6		—	8.6	7.4		—	7.4	—
Finite-lived trade names	35.9		(30.1)	5.8	39.7		(27.7)	12.0	1.4
Developed technology	66.7		(24.1)	42.6	64.8		(18.4)	46.4	7.8

Other	1.0		(1.0)	—	4.0		(4.0)	—	—
Total	$	753.5	(368.3)	385.2	$	743.6	(321.3)	422.3

(a)$28.3 million of fully amortized intangible assets were written off in 2025.

Total amortization expense for our finite-lived intangible assets was $58.9 million in 2025 and $58.3 million in 2024. Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2025, for the next five years is as follows:


(In millions)	2026		2027	2028	2029	2030

Amortization expense	$	53.6	50.6	47.5	47.0	42.9

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount(a)	$ 753.5	$ 743.6
Accumulated Amortization(a)	(368.3)	(321.3)
Net Carrying Amount	385.2	422.3
Fully Amortized Intangible Assets Writeoff	28.3
Amortization of intangible assets	58.9	58.3	$ 57.8
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2026	53.6
2027	50.6
2028	47.5
2029	47.0
2030	42.9
Indefinite-lived trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount(a)	8.6	7.4
Accumulated Amortization(a)	0.0	0.0
Net Carrying Amount	8.6	7.4
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount(a)	641.3	627.7
Accumulated Amortization(a)	(313.1)	(271.2)
Net Carrying Amount	$ 328.2	356.5
Weighted-average amortization period	7 years 10 months 24 days
Finite-lived trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount(a)	$ 35.9	39.7
Accumulated Amortization(a)	(30.1)	(27.7)
Net Carrying Amount	$ 5.8	12.0
Weighted-average amortization period	1 year 4 months 24 days
Amortization of intangible assets	$ 58.9	58.3
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount(a)	66.7	64.8
Accumulated Amortization(a)	(24.1)	(18.4)
Net Carrying Amount	$ 42.6	46.4
Weighted-average amortization period	7 years 9 months 18 days
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount(a)	$ 1.0	4.0
Accumulated Amortization(a)	(1.0)	(4.0)
Net Carrying Amount	$ 0.0	$ 0.0

Capital Stock - Shares Used To Calculate Earnings (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Equity [Abstract]
Basic (shares)	42.2	44.3	46.2
Effect of dilutive stock awards (shares)	0.3	0.5	0.7
Diluted (shares)	42.5	44.8	46.9
Antidilutive stock options and awards excluded from denominator (shares)	0.0	0.0	0.3
Deferred compensation common stock unit (shares)	0.2	0.2	0.3

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment


Estimated Useful Lives			Years
Buildings			25
Building leasehold improvements			Lesser of Lease Term or 10
Vehicles			3 to 8
Capitalized software			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)	2025		2024

Land	$	52.6	47.6
Buildings	248.9		228.0
Leasehold improvements	308.4		284.8
Vehicles	855.0		777.9
Capitalized software(a)	323.0		285.5
DRS devices leased to customers	374.5		282.8
Other machinery and equipment	854.3		709.3
	3,016.7		2,615.9
Accumulated depreciation and amortization	(1,886.2)		(1,633.2)
Property and equipment, net	$	1,130.5	982.7

(a)Amortization of capitalized software costs included in continuing operations was $24.4 million in 2025, $19.3 million in 2024 and $15.5 million in 2023.

Retirement Benefits - Fair Value Measurements (Details) - Non-U.S. Plans - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 243.7	$ 238.5	$ 259.3
Level 1 \| Other plan assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	111.3	89.6
Level 2 \| Other plan assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23.7	43.4
Level 3 \| Insurance contract - guarantee value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	79.1	77.9
Level 3 \| Other insurance contract value
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.8	3.0
Fair Value Measured at Net Asset Value Per Share \| Other plan assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 25.8	$ 24.6

Share-Based Compensation Plans - Narrative (Details) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized, not yet granted (in shares)	2,600,000
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation plan, stock units held (shares)	31,773	77,573
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation plan, stock units held (shares)	23,350	21,818
Performance Shares Units PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized, not yet granted (in shares)		235,000.0
The weighted-average fair value per share at grant date	$ 89.90
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted-average fair value per share at grant date	$ 89.26	$ 85.14	$ 65.77
Weighted-average discount percent	2.00%	2.00%	2.00%
Time-based options \| Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted-average fair value per share at grant date	$ 92.19
The weighted-average grant-date fair value (in dollars per share)	$ 92.19	$ 87.93	$ 62.43
Share-based Compensation Award, Additional Two-year Vesting \| Internal Metric Performance Share Units (IM PSU) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award	0.00%
Share-based Compensation Award, Additional Two-year Vesting \| Internal Metric Performance Share Units (IM PSU) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of an employees award	200.00%

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2025

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

Accumulated Other Comprehensive Income (Loss)

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


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

2025

Amounts attributable to Brink's:
Benefit plan adjustments	$	(14.6)	4.0	5.7	(1.7)	(6.6)
Foreign currency translation adjustments	144.3		9.9	(5.2)	1.1	150.1
Gains (losses) on available-for-sale securities	(6.7)		(1.4)	10.1	0.4	2.4
Gains (losses) on cash flow hedges	(0.3)		(1.0)	(7.7)	1.8	(7.2)
	122.7		11.5	2.9	1.6	138.7

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	(0.3)		—	—	—	(0.3)
Foreign currency translation adjustments	5.3		—	—	—	5.3
	5.0		—	—	—	5.0

Total
Benefit plan adjustments(a)	(14.9)		4.0	5.7	(1.7)	(6.9)
Foreign currency translation adjustments(b)	149.6		9.9	(5.2)	1.1	155.4
Gains (losses) on available-for-sale securities(c)	(6.7)		(1.4)	10.1	0.4	2.4
Gains (losses) on cash flow hedges(d)	(0.3)		(1.0)	(7.7)	1.8	(7.2)
	$	127.7	11.5	2.9	1.6	143.7

2024

Amounts attributable to Brink's:
Benefit plan adjustments	$	50.5	(10.8)	5.6	(3.5)	41.8
Foreign currency translation adjustments	(178.8)		(6.2)	(4.6)	1.1	(188.5)
Gains (losses) on available-for-sale securities	(2.1)		0.8	(4.6)	4.4	(1.5)
Gains (losses) on cash flow hedges	15.6		(2.2)	(17.7)	4.4	0.1
	(114.8)		(18.4)	(21.3)	6.4	(148.1)

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	0.1		—	(0.3)	—	(0.2)
Foreign currency translation adjustments	(0.3)		—	—	—	(0.3)
	(0.2)		—	(0.3)	—	(0.5)

Total
Benefit plan adjustments(a)	50.6		(10.8)	5.3	(3.5)	41.6
Foreign currency translation adjustments(b)	(179.1)		(6.2)	(4.6)	1.1	(188.8)
Gains (losses) on available-for-sale securities(c)	(2.1)		0.8	(4.6)	4.4	(1.5)
Gains (losses) on cash flow hedges(d)	15.6		(2.2)	(17.7)	4.4	0.1
	$	(115.0)	(18.4)	(21.6)	6.4	(148.6)

See page 98 for footnote explanations.


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

2023

Amounts attributable to Brink's:
Benefit plan adjustments	$	(17.4)	4.3	2.2	(0.6)	(11.5)
Foreign currency translation adjustments	65.6		4.0	(5.2)	1.2	65.6
Gains (losses) on available-for-sale securities	(0.8)		(3.7)	5.0	(1.7)	(1.2)
Gains (losses) on cash flow hedges	1.9		(0.8)	(11.3)	1.8	(8.4)
	49.3		3.8	(9.3)	0.7	44.5

Amounts attributable to noncontrolling interests:
Benefit plan adjustments	—		—	(0.1)	—	(0.1)
Foreign currency translation adjustments	(2.2)		—	—	—	(2.2)
	(2.2)		—	(0.1)	—	(2.3)

Total
Benefit plan adjustments(a)	(17.4)		4.3	2.1	(0.6)	(11.6)
Foreign currency translation adjustments(b)	63.4		4.0	(5.2)	1.2	63.4
Gains (losses) on available-for-sale securities(c)	(0.8)		(3.7)	5.0	(1.7)	(1.2)
Gains (losses) on cash flow hedges(d)	1.9		(0.8)	(11.3)	1.8	(8.4)
	$	47.1	3.8	(9.4)	0.7	42.2


	December 31,
(In millions)	2025		2024	2023

Total net periodic retirement benefit cost included in:
Cost of revenues	$	6.8	6.8	5.9
Selling, general and administrative expenses	1.8		2.1	2.0
Interest and other nonoperating income (expense)	1.9		0.1	0.5

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

•other operating income (expense) (no gain or loss in 2025, no gain or loss in 2024 and a $7.8 million loss in 2023.)

•interest expense ($7.7 million reduction to expense in 2025, $17.7 million reduction to expense in 2024, and $19.1 million reduction to expense in 2023.)

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


(In millions)	Benefit Plan Adjustments		Foreign Currency Translation Adjustments	Gains (Losses) on Available-for-Sale Securities	Gains (Losses) on Cash Flow Hedges	Total
Balance as of December 31, 2022	$	(290.7)	(433.8)	(0.6)	24.6	(700.5)
Other comprehensive income (loss) before reclassifications	(13.1)		69.6	(4.5)	1.1	53.1
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	1.6		(4.0)	3.3	(9.5)	(8.6)
Other comprehensive income (loss) attributable to Brink's	(11.5)		65.6	(1.2)	(8.4)	44.5


Balance as of December 31, 2023	(302.2)		(368.2)	(1.8)	16.2	(656.0)
Other comprehensive income (loss) before reclassifications	39.7		(185.0)	3.1	13.4	(128.8)
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	2.1		(3.5)	(4.6)	(13.3)	(19.3)
Other comprehensive income (loss) attributable to Brink's	41.8		(188.5)	(1.5)	0.1	(148.1)


Balance as of December 31, 2024	(260.4)		(556.7)	(3.3)	16.3	(804.1)
Other comprehensive income (loss) before reclassifications	(10.6)		154.2	(8.1)	(1.3)	134.2
Amounts reclassified from accumulated other comprehensive loss to net income (loss)	4.0		(4.1)	10.5	(5.9)	4.5
Other comprehensive income (loss) attributable to Brink's	(6.6)		150.1	2.4	(7.2)	138.7

Acquisitions of noncontrolling interests	—		(0.2)	—	—	(0.2)
Balance as of December 31, 2025	$	(267.0)	(406.8)	(0.9)	9.1	(665.6)

Accounts Receivable and Credit Losses

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Accounts Receivable and Credit Losses

Accounts receivable


	December 31,
(In millions)	2025		2024

Trade	$	643.1	603.9
Other	143.5		154.1
Total accounts receivable	786.6		758.0
Allowance for doubtful accounts	(20.6)		(24.5)
Accounts receivable, net	$	766.0	733.5

Credit losses

We are exposed to credit losses primarily through sales of our cash and valuable management services and DRS and AMS services to customers with operations in the U.S. as well as customers in more than 100 countries outside the U.S. We typically invoice our customers on a monthly basis and payment terms are generally between 30 and 60 days.

We assess currently expected credit losses in our financial assets on a pool basis by aggregating financial assets with similar risk characteristics. We have pooled financial assets by geographic location because of the similarities within each location such as customers, payment terms, and services offered. Loss experience is monitored for each pool and we determine historical loss rates for each pool. These historical loss rates are the main assumption used in estimating expected credit losses over the life of the financial assets. We also considered current and expected economic conditions in determining an appropriate allowance.

We monitor the aging of accounts receivable by country and write off any accounts that are deemed uncollectible. We also monitor any significant economic events to identify any current or expected trends and risks within a pool that could impact the collectability of outstanding accounts receivable balances that were not contemplated or relevant during a previous period.

The following table is a rollforward of the allowance for doubtful accounts:


	Years Ended December 31,
(In millions)	2025		2024	2023

Allowance for doubtful accounts:
Beginning of year	$	24.5	30.4	38.3

Provision for uncollectible accounts receivable	6.3		8.5	12.8
Write offs and recoveries	(11.4)		(13.6)	(21.1)

Foreign currency exchange effects	1.2		(0.8)	0.4
End of year	$	20.6	24.5	30.4

Share-Based Compensation Plans

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation Plans

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

We have outstanding share-based awards granted to employees under the 2017 Equity Incentive Plan (the "2017 Plan") and under the 2024 Equity Incentive Plan (the "2024 Plan"). The 2017 Plan and the 2024 Plan permit grants of restricted stock, restricted stock units, performance stock, performance stock units, stock appreciation rights, and stock options, as well as other share-based awards to eligible employees. The 2017 Plan and the 2024 Plan also permit cash awards to eligible employees. The 2017 Plan became effective May 2017. The 2024 Plan became effective May 2024. During the first quarter ended March 31, 2023, the remaining outstanding awards granted under the 2013 Equity Incentive Plan (the "2013 Plan") were fully exercised. No further grants of awards will be made under the 2013 Plan or the 2017 Plan.

We also have outstanding deferred stock units granted to directors under the 2017 Plan and the 2024 Plan. Share-based awards were previously granted to directors and remain outstanding under the Non-Employee Directors’ Equity Plan and the Directors’ Stock Accumulation Plan, each of which has expired.

There are 2.6 million shares underlying share-based plans that are authorized, but not yet granted. Outstanding awards at December 31, 2025, include performance stock units, restricted stock units, deferred stock units, time-based stock options, and certain awards that will be settled in cash.

Compensation Expense

Compensation expense is measured using the fair-value-based method. For all share-based awards outstanding at December 31,2025, the retirement eligibility provisions require a minimum of a one year service period in order to meet the retirement eligible conditions. We recognize expense from the grant date to the earlier of the retirement-eligible date (provided it is not less than one year from the grant date) or the vesting date.

For awards considered liability awards, compensation cost is based on the change in the fair value of the instrument for each reporting period and the percentage of the requisite service that has been rendered.

Compensation expenses are classified as selling, general and administrative expenses in the consolidated statements of operations. Compensation expenses for the last three years and the amount of unrecognized expense for awards outstanding at December 31, 2025, 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, 2025
(in millions except years)	2025		2024	2023

Performance stock units	$	13.8	25.2	20.3	$	17.6	1.7

Restricted stock units	10.6		9.9	10.4	9.2		1.5
Deferred stock units and fees paid in stock	1.6		1.4	1.4	0.5		0.4


Cash based awards	2.2		1.9	2.8	1.1		1.4
Share-based payment expense	28.2		38.4	34.9
Income tax benefit	(6.5)		(8.7)	(7.9)
Share-based payment expense, net of tax	$	21.7	29.7	27.0

Value of Distributed or Exercised Awards

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)	2025		2024	2023

Performance stock units	$	42.5	35.3	16.3

Restricted stock units	14.2		13.4	8.5
Deferred stock units and fees paid in stock	1.1		1.4	1.0
Performance-based options(a)	—		1.3	3.0
Time-based vesting options(a)	0.6		2.2	0.1
Total	$	58.4	53.6	28.9

Income tax benefit realized	$	13.9	12.7	7.0

(a)Intrinsic value for options.

Restricted Stock Units (“RSUs”)

We granted RSUs, which contain only a service condition as part of our compensation program. RSUs are paid out in shares of Brink’s stock when the awards vest. For RSUs granted during the last three years, the units generally vest ratably in three equal annual installments following the grant date.

We measure the fair value of RSUs based on the price of Brink’s stock at the grant date, adjusted for a discount for dividends not received or accrued during the vesting period. The weighted-average fair value per share at grant date was $89.26 in 2025, $85.14 in 2024 and $65.77 in 2023. The weighted-average discount was approximately 2% in each of 2025, 2024 and 2023.

The following table summarizes RSU activity during 2025:


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

Nonvested balance as of December 31, 2024	290.4	$	74.24
Activity from January 1 to December 31, 2025:
Granted	163.2	89.26
Forfeited	(38.5)	82.82

Vested	(151.4)	70.34
Nonvested balance as of December 31, 2025	263.7	$	84.52

Performance Stock Units (“PSUs”)

Historically, we have granted Internal Metric PSUs ("IM PSUs") and Relative Total Shareholder Return PSUs ("TSR PSUs") as part of our compensation program.

The majority of outstanding IM PSUs contain a performance condition as well as a service condition. We measure the fair value of these PSUs based on the price of Brink’s stock at the grant date, adjusted for a discount for dividends not received or accrued during the vesting period. For IM PSUs granted in 2022, the performance period was from January 1, 2022 to December 31, 2024. For IM PSUs granted in 2023, the performance period was from January 1, 2023 to December 31, 2025. For IM PSUs granted in 2024, the performance period is from January 1, 2024 to December 31, 2026. For IM PSUs granted in 2025, the performance period is from January 1, 2025 to December 31, 2027. In 2023, 2024, and 2025, we also granted IM PSUs to certain employees which contain a market condition (in the form of a relative TSR modifier), a performance condition, and a service condition. We measure the fair value of IM PSUs containing a market condition at the grant date using a Monte Carlo simulation model.

IM PSUs are paid out in shares of Brink’s stock when the awards vest. For the IM PSUs granted in 2025, 2024 and 2023, the number of shares paid out ranges from 0% to 200% of an employee’s award, depending on the achievement of pre-established financial goals over the performance period. Shares are not paid out if the financial results do not meet a pre-established threshold level of performance.

The following table summarizes all PSU activity during 2025:


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

Nonvested balance as of December 31, 2024	639.1	$	72.64
Activity from January 1 to December 31, 2025:
Granted	222.1	89.90
Forfeited or expired	(103.8)	81.18

Vested(a)	(235.0)	67.17
Nonvested balance as of December 31, 2025	522.4	$	80.75

The following table provides the terms and weighted-average assumptions used in the Monte Carlo simulation model for the IM PSUs with a market condition granted in 2025, 2024, and 2023:


Terms and Assumptions Used to Estimate Grant Date Fair Value	2025 IM PSUs(a)			2024 IM PSUs(a)			2023 IM PSUs(a)

Terms of awards:
Performance period	Jan. 1, 2025 to			Jan. 1, 2024 to			Jan. 1, 2023 to
	Dec. 31, 2027			Dec. 31, 2026			Dec. 31, 2025


Weighted-average assumptions used to estimate fair value:
Expected dividend yield(b)	1.1		%	1.1		%	1.2		%
Expected stock price volatility(c)	29.4		%	31.1		%	41.9		%
Risk-free interest rate(d)	3.9		%	4.3		%	4.5		%
Contractual term in years	2.8			2.8			2.8

Weighted-average fair value estimates at grant date:
In millions	$	12.9		$	10.5		$	8.5
Fair value per share	$	92.26		$	83.81		$	72.51

(a)In 2025, 2024, and 2023, we granted IM PSUs to certain employees which contain a market condition (in the form of a relative TSR modifier).

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

(d)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.

Options

In 2020, we granted time-based vesting stock options to certain senior executives. We measure the fair value of these awards at the grant date using the Black-Scholes-Merton option pricing model.

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

Time-based Vesting Option Activity

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


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

Outstanding at December 31, 2024(b)	22.5	$	84.17	$	20.98


Exercised	(19.7)	84.52		21.15
Outstanding at December 31, 2025	2.8	$	81.69	$	19.75	0.2	$	0.1

Of the above, as of December 31, 2025:
Exercisable	2.8	$	81.69			0.2	$	0.1
Expected to vest in future periods(c)	—	$	—			—	$	—

(c)At December 31, 2025, all outstanding time-based options were vested.

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 the time of the grant after reviewing the historic volatility of our stock using daily close prices.

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

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

Deferred Stock Units (“DSUs”)

We granted DSUs to our non-employee directors as part of our compensation program. We measure the fair value of DSUs at the grant date, based on the price of Brink's stock, and, if applicable, adjusted for a discount for dividends not received or accrued during the vesting period.

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

The following table summarizes all DSU activity during 2025:


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

Nonvested balance as of December 31, 2024	13.6	$	87.93
Activity from January 1 to December 31, 2025:
Granted	14.8	92.19

Vested	(13.6)	87.93
Nonvested balance as of December 31, 2025	14.8	$	92.19

The weighted-average grant-date fair value estimate per share for DSUs granted was $92.19 in 2025, $87.93 in 2024 and $62.43 in 2023.

Other Share-Based Compensation

We have a deferred compensation plan that allows participants to defer a portion of their compensation into stock units. Units will be redeemed by employees for an equal number of shares of Brink’s stock. Employee deferred compensation accounts held 31,773 units at December 31, 2025, and 77,573 units at December 31, 2024.

We have a stock accumulation plan for our non-employee directors that, prior to 2014, provided for awards of stock units. Additionally, some fees paid to our directors are in the form of stock and may be deferred for distribution to a later date. Directors’ deferred compensation accounts held 23,350 units at December 31, 2025, and 21,818 units at December 31, 2024.

Other Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Schedule of Other Assets and Other Liabilities

Other Long-term Liabilities


	December 31,
(In millions)	2025		2024

Workers’ compensation and other claims	$	76.6	75.7
Asset retirement and remediation obligations	36.0		33.8
Derivative instruments	29.8		21.7
Noncurrent transformation-related liabilities(a)	25.9		—
Acquisition-related obligations	25.4		23.3
Noncurrent tax liabilities	17.3		18.0
Deferred compensation	12.1		12.6
Post-employment benefits	6.9		6.5
Other	49.0		40.0
Other long-term liabilities	$	279.0	231.6

(a)Certain transformation initiative services provided by third-party vendors are not due to be paid within the next twelve months.

Segment Information - Assets, Long Lived Assets, Revenues, Net Assets by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	$ 7,339.2	$ 6,623.1
Long-Lived Assets by Significant Country	1,130.5	982.7
Revenues	5,261.2	5,011.9	$ 4,874.6
Net assets outside the U.S. by Geographic Area	2,635.0	2,465.5
Reportable Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	6,908.1	6,241.3
Revenues	5,261.2	5,011.9	4,874.6
Corporate items
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	431.1	381.8
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets by Significant Country	143.1	113.2
Revenues	470.8	447.1	413.2
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets by Significant Country	125.0	106.5
Revenues	576.4	582.8	563.8
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	285.2	283.2	309.8
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	236.1	190.7	188.7
Netherlands
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	183.6	170.3	149.7
Argentina
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	168.2	190.7	207.1
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	129.7	123.1	118.0
Net assets outside the U.S. by Geographic Area	46.6	46.9
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets by Significant Country	544.7	432.0
Revenues	1,598.3	1,497.4	1,441.2
Subtotal
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets by Significant Country	812.8	651.7
Revenues	3,648.3	3,485.3	3,391.5
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets by Significant Country	317.7	331.0
Revenues	1,612.9	1,526.6	1,483.1
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net assets outside the U.S. by Geographic Area	676.8	750.4
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net assets outside the U.S. by Geographic Area	1,354.9	1,061.7
Middle East, Africa and Asia ("MEAA")
Revenues from External Customers and Long-Lived Assets [Line Items]
Net assets outside the U.S. by Geographic Area	556.7	606.5
North America \| Reportable Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	2,166.7	2,089.8
Revenues	1,742.6	1,649.7	1,601.1
Latin America \| Reportable Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	1,211.6	1,171.7
Revenues	1,289.6	1,311.0	1,332.3
Europe \| Reportable Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	2,458.9	1,988.3
Revenues	1,429.5	1,305.0	1,213.6
Rest of World \| Reportable Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Assets held by Reportable Segment	1,070.9	991.5
Revenues	$ 799.5	$ 746.2	$ 727.6

Segment Information - Revenue And Operating Profits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenues	$ 5,261.2	$ 5,011.9	$ 4,874.6
Cost of revenues	3,903.2	3,743.1	3,707.1
Selling, general and administrative expenses	778.0	834.5	688.1
Operating profit	585.5	453.0	425.2
Foreign currency transaction gains	11.7	16.5	(85.1)
Reportable Segments
Segment Reporting Information [Line Items]
Revenues	5,261.2	5,011.9	4,874.6
Operating profit	846.0	772.8	754.6
Corporate expenses:
Segment Reporting Information [Line Items]
General, administrative and other expenses	(147.0)	(167.3)	(154.9)
Foreign currency transaction gains	10.9	23.9	15.3
Other items not allocated to segments(a):
Segment Reporting Information [Line Items]
Reorganization and Restructuring	(1.4)	(1.5)	(17.6)
Acquisitions and dispositions	(78.5)	(62.5)	(70.6)
Transformation initiatives	(26.0)	(28.4)	(5.5)
Reporting compliance	0.0	0.0	(0.8)
Other items not allocated to segments(a): \| DOJ/FinCEN Investigation
Segment Reporting Information [Line Items]
Loss contingencies	(6.5)	(45.7)	0.0
Other items not allocated to segments(a): \| Chile Antitrust Matter
Segment Reporting Information [Line Items]
Loss contingencies	(0.8)	(1.3)	(0.5)
Other items not allocated to segments(a): \| Non-routine Auto Loss Matter
Segment Reporting Information [Line Items]
Loss contingencies	(1.0)	(2.0)	(8.0)
Argentina
Segment Reporting Information [Line Items]
Revenues	168.2	190.7	207.1
Argentina \| Other items not allocated to segments(a):
Segment Reporting Information [Line Items]
Argentina highly inflationary impact	(10.2)	(35.0)	(86.8)
North America \| Reportable Segments
Segment Reporting Information [Line Items]
Revenues	1,742.6	1,649.7	1,601.1
Labor and fringe benefit costs	606.3	624.0	633.2
Other cost of revenues segment items	667.9	608.2	583.4
Cost of revenues	1,274.2	1,232.2	1,216.6
Selling, general and administrative expenses	221.7	223.5	199.3
Operating profit	246.7	194.0	185.2
Latin America \| Reportable Segments
Segment Reporting Information [Line Items]
Revenues	1,289.6	1,311.0	1,332.3
Labor and fringe benefit costs	574.3	572.1	574.6
Other cost of revenues segment items	350.9	349.3	354.1
Cost of revenues	925.2	921.4	928.7
Selling, general and administrative expenses	120.5	117.3	123.3
Operating profit	243.9	272.3	280.3
Europe \| Reportable Segments
Segment Reporting Information [Line Items]
Revenues	1,429.5	1,305.0	1,213.6
Labor and fringe benefit costs	619.2	578.5	546.7
Other cost of revenues segment items	474.5	425.9	405.9
Cost of revenues	1,093.7	1,004.4	952.6
Selling, general and administrative expenses	158.6	149.5	124.0
Operating profit	177.2	151.1	137.0
Rest of World \| Reportable Segments
Segment Reporting Information [Line Items]
Revenues	799.5	746.2	727.6
Labor and fringe benefit costs	200.4	202.5	203.1
Other cost of revenues segment items	357.3	329.7	321.7
Cost of revenues	557.7	532.2	524.8
Selling, general and administrative expenses	63.6	58.6	50.7
Operating profit	$ 178.2	$ 155.4	$ 152.1

Retirement Benefits - Assumptions (Details)	12 Months Ended
Retirement Benefits - Assumptions (Details)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Retirement benefits other than pension
Defined Benefit Plan Disclosure [Line Items]
Pension cost	5.70%	5.30%	5.60%
Benefit obligation at year end	5.50%	5.70%	5.30%
Expected return on assets	8.00%	8.00%	8.00%
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	5.60%	5.10%	5.40%
Benefit obligation at year end	5.40%	5.60%	5.10%
Expected return on assets	7.00%	7.00%	7.00%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	5.00%	4.90%	5.40%
Benefit obligation at year end	5.50%	5.00%	4.90%
Expected return on assets	4.65%	4.58%	4.59%
Average rate of increase in salaries - pension cost	1.90%	2.00%	1.90%
Average rate of increase in salaries - benefit obligation at year end	2.30%	1.90%	2.00%
UMWA Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	5.60%	5.10%	5.40%
Benefit obligation at year end	5.30%	5.60%	5.10%
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Pension cost	5.50%	5.10%	5.40%
Benefit obligation at year end	5.20%	5.50%	5.10%

Other Operating Income (Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Effect of Fourth Quarter Events [Line Items]
Foreign currency transaction gains	$ 11.7	$ 16.5	$ (85.1)
Derivative instrument gains (losses)	(17.9)	(11.0)	21.3
Royalty Income	10.2	8.0	7.5
Impairment losses	(4.1)	(4.8)	(10.3)
Share in earnings of equity method affiliates	2.8	3.0	2.8
Gains (losses) on sale of property and other assets	(0.6)	3.9	1.9
Indemnification asset adjustments	0.2	(2.4)	(3.4)
Contingent consideration liability adjustments	0.0	0.0	6.2
Other	3.2	5.5	4.9
Other operating income (expense)	5.5	18.7	(54.2)
Argentina \| Argentina, Pesos
Effect of Fourth Quarter Events [Line Items]
Currency remeasurement gain (loss)	$ (17.0)	$ (18.4)	$ (79.1)

Leases - Financing Leases Minimum Repayments (Details) $ in Millions	Dec. 31, 2025 USD ($)
Leases [Abstract]
2025	$ 88.2
2026	78.3
2027	58.6
2028	38.7
2029	28.5
Later years	28.6
Total	320.9
Less: Interest	50.5
Present value of finance lease liabilities	$ 270.4

Summary of Significant Accounting Policies - Estimated Useful Lives (Details)	Dec. 31, 2025
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 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	8 years
Capitalized software(a) \| 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

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2025

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, 2025

Reportable Segments:
North America	$	1,208.9	533.7	1,742.6
Latin America	1,035.1		254.5	1,289.6
Europe	818.2		611.3	1,429.5
Rest of World	736.9		62.6	799.5
Total reportable segments	$	3,799.1	1,462.1	5,261.2






Twelve months ended December 31, 2024

Reportable Segments:
North America	$	1,207.0	442.7	1,649.7
Latin America	1,095.5		215.5	1,311.0
Europe	803.7		501.3	1,305.0
Rest of World	694.2		52.0	746.2
Total reportable segments	$	3,800.4	1,211.5	5,011.9






Twelve months ended December 31, 2023

Reportable Segments:
North America	$	1,216.8	384.3	1,601.1
Latin America	1,149.1		183.2	1,332.3
Europe	800.4		413.2	1,213.6
Rest of World	696.4		31.2	727.6
Total reportable segments	$	3,862.7	1,011.9	4,874.6

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, 2025)	$	733.5	22.2	15.0
Closing (December 31, 2025)	766.0		27.6	15.0
Increase (decrease)	$	32.5	5.4	—

Segment Information - Capital Expenditures, Depreciation, Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	$ 203.1	$ 222.5	$ 202.7
Depreciation and Amortization by Reportable Segment	231.9	235.0	218.0
Amortization of intangible assets:	58.9	58.3	57.8
Total	290.8	293.3	275.8
Reportable Segments
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	200.6	218.1	195.3
Depreciation and Amortization by Reportable Segment	237.1	219.5	206.1
Reportable Segments \| North America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	59.7	62.6	43.8
Depreciation and Amortization by Reportable Segment	85.1	82.4	73.9
Reportable Segments \| Latin America
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	24.2	33.0	48.8
Depreciation and Amortization by Reportable Segment	56.2	53.9	53.6
Reportable Segments \| Europe
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	73.3	79.9	77.5
Depreciation and Amortization by Reportable Segment	71.5	61.0	58.0
Reportable Segments \| Rest of World
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	43.4	42.6	25.2
Depreciation and Amortization by Reportable Segment	24.3	22.2	20.6
Corporate items
Segment Reporting Information [Line Items]
Capital Expenditures by Reportable Segment	2.5	4.4	7.4
Depreciation and Amortization by Reportable Segment	2.6	3.5	5.3
Other items not allocated to segments(a):
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	(7.8)	12.0	5.4
Other items not allocated to segments(a): \| Reorganization and Restructuring
Segment Reporting Information [Line Items]
Depreciation and Amortization by Reportable Segment	$ 0.0	$ 0.0	$ 1.2

Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Uncertain tax positions:
Beginning of year	$ 21.6	$ 23.5	$ 23.5
Increases related to prior-year tax positions	2.5	0.0	2.1
Decreases related to prior-year tax positions	(6.5)	(1.3)	(2.7)
Increases related to current-year tax positions	2.0	2.0	2.4
Increases related to acquisitions	0.5	0.8	0.0
Settlements	(0.9)	(0.1)	0.0
Effect of the expiration of statutes of limitation	(3.6)	(2.5)	(2.5)
Foreign currency exchange effects	0.2	(0.8)	0.7
End of year	$ 15.8	$ 21.6	$ 23.5

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Richmond, Virginia
Auditor Firm ID	185

Other Operating Income (Expense)

12 Months Ended

Dec. 31, 2025

Other Income and Expenses [Abstract]

Other Operating Income (Expense)


	Years Ended December 31,
(In millions)	2025		2024	2023

Foreign currency items:
Transaction gains (losses)(a)	$	11.7	16.5	(85.1)
Derivative instrument gains (losses)	(17.9)		(11.0)	21.3
Royalty income	10.2		8.0	7.5
Impairment losses	(4.1)		(4.8)	(10.3)
Share in earnings of equity method affiliates	2.8		3.0	2.8
Gains (losses) on sale of property and other assets	(0.6)		3.9	1.9
Indemnification asset adjustments(b)	0.2		(2.4)	(3.4)
Contingent consideration liability adjustments(c)	—		—	6.2





Other	3.2		5.5	4.9
Other operating income (expense)	$	5.5	18.7	(54.2)

(a)Includes remeasurement losses in Argentina of $17.0 million in 2025, $18.4 million in 2024 and $79.1 million in 2023 related to highly inflationary accounting.

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

(c)In 2023, we derecognized contingent consideration liabilities, primarily related to the NoteMachine business acquisition.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

Consolidation

Revenue Recognition

Cash and Cash Equivalents

Restricted Cash

Trade Accounts Receivable

Right-of-Use Assets

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			25
Building leasehold improvements			Lesser of Lease Term or 10
Vehicles			3 to 8
Capitalized software			5
Other machinery and equipment			3 to 10

Goodwill and Other Intangible Assets

Impairment of Goodwill and Long-Lived Assets

Retirement Benefit Plans

Income Taxes

Foreign Currency Translation

Argentina

Venezuela

Depreciation Adjustment

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

Retirement Benefits - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions	$ 7.3
Discount percent	50.00%
Defined contribution plan maximum annual contribution per employee percent	2.00%
Private Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Unfunded commitments	$ 4.0
Structured credit
Defined Benefit Plan Disclosure [Line Items]
Required notice	65 days
Hedge funds of plans
Defined Benefit Plan Disclosure [Line Items]
Required notice	105 days
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 574.2	$ 585.7
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	343.5	$ 317.6
Estimated contributions	12.1
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%	6.50%
Black lung health care cost ultimate rate	5.00%	5.00%
Black Lung and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost ultimate rate	5.00%	5.00%
Canada Plan
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost trend rate	7.00%	6.50%
Black lung health care cost ultimate rate	5.00%	5.00%
Brazil Plan
Defined Benefit Plan Disclosure [Line Items]
Black lung health care cost trend rate	4.80%	4.80%

Fair Value of Financial Instruments - Net Investment Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jul. 26, 2023
Derivative [Line Items]
Interest expense	$ (245.5)	$ (235.4)	$ (203.8)
Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, liability position	(61.3)	(12.8)
$400 million cross currency swap 2022 \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Interest expense	(5.1)	(4.6)
$215 million cross currency swap II \| Designated as Hedging Instrument
Derivative [Line Items]
Notional value of derivative instrument	$ 215.0			$ 215.0
Weighted average maturity	3 months 18 days
$185 million cross currency swap \| Designated as Hedging Instrument
Derivative [Line Items]
Notional value of derivative instrument	$ 185.0
Weighted average maturity	4 years 9 months 18 days
Other foreign exchange forward swaps \| Designated as Hedging Instrument
Derivative [Line Items]
Notional value of derivative instrument	$ 145.0
Weighted average maturity	1 year 1 month 6 days
$400 million cross currency swap \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Interest expense			$ (5.2)
Prepaid expenses and other \| $400 million cross currency swap 2022 \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, asset position	$ 2.1	5.7
Prepaid expenses and other \| $215 million cross currency swap II \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, asset position	0.2	0.0
Prepaid expenses and other \| Other foreign exchange forward swaps \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, asset position	0.5	0.1
Other Assets \| $215 million cross currency swap II \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, asset position	0.0	3.1
Other Assets \| Other foreign exchange forward swaps \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, asset position	0.2	0.0
Accrued Liabilities \| $400 million cross currency swap 2022 \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, liability position	(34.2)	0.0
Accrued Liabilities \| Other foreign exchange forward swaps \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, liability position	(0.7)	0.0
Other Liabilities \| $400 million cross currency swap 2022 \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, liability position	(28.3)	(21.7)
Other Liabilities \| Other foreign exchange forward swaps \| Level 2 \| Designated as Hedging Instrument
Derivative [Line Items]
Fair value of contract, liability position	$ (1.1)	$ 0.0

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Cash Flow Statements, Captions [Line Items]
Interest	$ 239.6	$ 235.3	$ 195.8
Income taxes, net	135.7	122.1	96.3
Financing Leases	76.2	75.1	92.0
Cash paid for acquisition related settlements and obligations	0.0	(0.8)	(11.1)
Restricted cash	541.0	445.1
Proceeds From Lessor Debt Financing	43.2	46.6	7.5
Cash and cash equivalents	1,725.9	1,395.3
Cash, Cash Equivalents, and Restricted Cash	2,266.9	1,840.4	1,683.6	$ 1,410.5
Cash Held From Customers
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	294.2	232.7
Deposits Liability
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	199.3	166.5
Revolving Credit Facility
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	45.7	44.0
2024 Other Acquisitions
Condensed Cash Flow Statements, Captions [Line Items]
Cash paid for acquisition related settlements and obligations		(0.8)
NoteMachine
Condensed Cash Flow Statements, Captions [Line Items]
Cash paid for acquisition related settlements and obligations			(10.3)
Touchpoint 21 LLC
Condensed Cash Flow Statements, Captions [Line Items]
Cash paid for acquisition related settlements and obligations			(0.8)
Argentina \| Argentina, Pesos
Condensed Cash Flow Statements, Captions [Line Items]
Payments to acquire marketable securities	67.9	29.7	131.1
Proceeds from sale of marketable securities	73.9	14.6	$ 145.6
Cash and cash equivalents	$ 24.9	$ 104.0

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2025

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)	2025		2024





2027 Senior Unsecured Notes
Carrying value	$	600.0	600.0
Fair value	579.0		558.7

2029 Senior Unsecured Notes
Carrying value	$	400.0	400.0
Fair value	412.2		399.0

2032 Senior Unsecured Notes
Carrying value	$	400.0	400.0
Fair value	416.0		397.2

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

The fair values of our 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.

Economic Hedges

We have outstanding foreign currency forward and swap contracts to hedge transactional risks associated with foreign currencies. At December 31, 2025, the notional value of our outstanding foreign currency forward and swap contracts was $982 million, with average maturities of approximately one month. These foreign currency forward and swap contracts primarily offset exposures in the euro, the Mexican peso, and the British pound and are not designated as hedges for accounting purposes. Accordingly, changes in their fair value are recorded immediately in earnings.

Cash flows related to economic hedges are reported in the consolidated statements of cash flows based on the nature of the underlying items being hedged. For the periods presented, such cash flows are reported in operating activities or investing activities.

The fair value of these contracts were recognized in the consolidated balance sheet as follows:


	December 31,
(In millions)	2025		2024

Prepaid expenses and other	$	4.2	19.0
Accrued liabilities	(5.3)		(10.1)
Net asset (liability)	$	(1.1)	8.9

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


	Twelve Months Ended December 31,
(In millions)	2025		2024	2023

Derivative instrument gains (losses) included in other operating income (expense)(a)	$	(17.9)	(11.0)	21.3

Net Investment Hedges

We have entered into cross currency swaps and foreign exchange forward swap contracts to hedge a portion of our net investments in certain of our subsidiaries with euro and other functional currencies. We elected to use the spot method to assess effectiveness for these derivatives that are designated as net investment hedges for accounting purposes. 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 the cross currency swaps.

In 2023, we entered into a zero cost foreign exchange collar contract with a $215 million notional amount and a May 2026 expiration date. We sold a put option with a lower strike price and bought a call option with a higher strike price to manage the foreign exchange risk related to the final settlement of the $215 million notional cross currency swaps. Upon the execution of the zero cost foreign exchange collar contract, we de-designated the existing $215 million notional cross currency swaps and re-designated the combined $215 million notional cross currency swaps and zero cost collar into a new hedging instrument. At re-designation, the existing $215 million notional cross currency swaps had a non-zero fair value representing an off-market component of the participating cross currency swaps. The off-market value is being ratably amortized into earnings through May 2026. The combined cross currency swaps and zero cost collar has been designated as a net investment hedge for accounting purposes.

The fair value of these contracts were recognized in the consolidated balance sheet as follows:


	December 31,
(In millions)	2025		2024

Euro net investment hedge(a)
Prepaid expenses and other	$	2.1	5.7
Accrued liabilities	(34.2)		—
Other noncurrent liabilities	(28.3)		(21.7)

Zero cost collar
Prepaid expenses and other	$	0.2	—
Other noncurrent asset	—		3.1

Other currency net investment hedges(b)
Prepaid expenses and other	$	0.5	0.1
Other noncurrent asset	0.2		—
Accrued liabilities	(0.7)		—
Other noncurrent liabilities	(1.1)		—

Net asset (liability)	$	(61.3)	(12.8)


	Twelve Months Ended December 31,
(In millions)	2025		2024	2023

Cross currency swaps designated as net investment hedges	$	(5.1)	(4.6)	(5.2)

Cash flows related to the amortization of the off-market component of net investment hedges are reported in investing activities. Cash flows from the termination and final settlement of net investment hedges are reported in investing activities. All other cash flows from net investment hedges are reported in operating activities.

Interest Rate Swaps - Cash Flow Hedges

We have periodically entered into interest rate swaps to hedge cash flow risk associated with changes in variable interest rates and we have designated the interest rate swaps 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.

In 2024, we elected to early terminate interest rate swaps with an aggregate notional value of $775 million and we received approximately $19 million in cash proceeds upon termination. The cash proceeds for terminating the swaps were reported as cash flows from operating activities.

In the first and third quarters of 2025, we entered into interest rate swaps totaling $150 million in notional value, all maturing in June 2027.

The fair values of our interest rate swaps were recognized in the consolidated balance sheet as follows:


	December 31,
(In millions)	2025		2024

$100 million notional - June 2027 maturity(a)
Accrued liabilities	$	(0.3)	—
Other noncurrent liabilities	(0.3)		—

$50 million notional - June 2027 maturity(a)
Accrued liabilities	$	(0.1)	—
Other noncurrent liabilities	(0.1)		—
Net asset (liability)	$	(0.8)	—

(a)At December 31, 2025, swaps with a total notional value of $150 million will terminate in June 2027 and have a weighted average maturity of 0.8 years.

Amounts under these contracts were recognized in interest expense as follows:


	Twelve Months Ended December 31,
(In millions)	2025		2024	2023

Impact to interest expense - (benefit) cost	$	(7.7)	(17.7)	(19.9)

Cash flows related to interest rate swaps are reported as operating activities.

Cross Currency Swap - Cash Flow Hedge

In the first quarter of 2019, we entered into a long term cross currency swap contract to hedge exposure in Brazilian real. This cross currency swap contract matured and was fully settled in the fourth quarter of 2023. The swap contract was designated as a cash flow hedge for accounting purposes and changes in the fair value of the cash flow hedge were initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We immediately reclassified 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 reclassified amounts from accumulated other comprehensive income (loss) to interest expense that were associated with the interest rate differential between a U.S. dollar denominated intercompany loan and a Brazilian real denominated intercompany loan.

Before final settlement occurred in the fourth quarter of 2023, under this contract, we recognized a net derivative instrument loss of 8.7 million in 2023.

Contingent Consideration

In the second quarter of 2020, we acquired cash management operations in Malaysia from U.K.-based G4S Plc ("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 $24 million that remains potentially payable as of December 31, 2025 as we believe it is unlikely that the contingent consideration payments will be reduced.

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 2025.

Share-Based Compensation Plans - Activity - RSU, PSU, DSU (Details) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Weighted-Average Grant Date Fair Value Per Share
Target shares (shares)	2,600,000
Restricted Stock Units
Shares (in thousands)
Nonvested, beginning balance (shares)	290,400
Granted (shares)	163,200
Forfeited or expired (shares)	(38,500)
Vested (shares)	(151,400)
Nonvested, ending balance (shares)	263,700	290,400
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share)	$ 74.24
Granted (in dollars per share)	89.26	$ 85.14	$ 65.77
Forfeited or expired (in dollars per share)	82.82
Vested (in dollars per share)	70.34
Nonvested, ending balance (in dollars per share)	$ 84.52	$ 74.24
Performance Shares Units PSU
Shares (in thousands)
Nonvested, beginning balance (shares)	639,100
Granted (shares)	222,100
Forfeited or expired (shares)	(103,800)
Vested (shares)	(235,000.0)
Nonvested, ending balance (shares)	522,400	639,100
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share)	$ 72.64
Granted (in dollars per share)	89.90
Forfeited or expired (in dollars per share)	81.18
Vested (in dollars per share)	67.17
Nonvested, ending balance (in dollars per share)	$ 80.75	$ 72.64
Actual shares earned and distributed (shares)		440,200
Target shares (shares)		235,000.0
Deferred Stock Units
Shares (in thousands)
Nonvested, beginning balance (shares)	13,600
Granted (shares)	14,800
Vested (shares)	(13,600)
Nonvested, ending balance (shares)	14,800	13,600
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share)	$ 87.93
Granted (in dollars per share)	92.19
Vested (in dollars per share)	87.93
Nonvested, ending balance (in dollars per share)	$ 92.19	$ 87.93

Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Loss Contingencies [Line Items]
Cash supply chain deposit liability(a)	$ 199.3	$ 166.5
Payroll and other employee liabilities	176.0	151.2
Taxes, except income taxes	139.2	134.0
Cash held by cash management services operations	106.4	81.3
Operating lease liabilities	92.2	78.2
Derivative instruments	40.6	10.1
Workers’ compensation and other claims	31.1	60.6
ATM surcharge/interchange payables	30.1	28.0
Accrued interest	27.9	28.2
Income taxes payable	20.4	28.0
Retirement benefits	18.1	14.7
Contract liability	15.0	15.0
Other	254.4	210.4
Accrued liabilities	1,180.2	1,058.1
DOJ/FinCEN Investigation
Loss Contingencies [Line Items]
Loss contingencies accrued	18.2	42.0
Chile Antitrust Matter
Loss Contingencies [Line Items]
Loss contingencies accrued	$ 11.3	$ 9.9

Debt - Narrative (Details) $ in Millions			1 Months Ended	12 Months Ended
Debt - Narrative (Details) $ in Millions	Jun. 12, 2024 USD ($)	Jun. 22, 2020 USD ($)	Oct. 31, 2017 USD ($)	Dec. 31, 2025 USD ($)	Jul. 26, 2024 USD ($)	Jul. 25, 2024 USD ($)	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%
Other Revolving Credit Facilities \| Minimum
Long-term Debt Types [Abstract]
Commitment Fee				3.70%
Other Revolving Credit Facilities \| Maximum
Long-term Debt Types [Abstract]
Commitment Fee				5.00%
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							$ 1,400.0
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							$ 1,000.0
Available capacity amount				$ 580.0
Senior unsecured notes \| 2029 Senior Unsecured Notes
Long-term Debt Types [Abstract]
Debt, aggregate principal amount	$ 400.0
Debt maturity period	5 years
Interest Rate Percentage	6.50%
Senior unsecured notes \| 2032 Senior Unsecured Notes
Long-term Debt Types [Abstract]
Debt, aggregate principal amount	$ 400.0
Debt maturity period	8 years
Interest Rate Percentage	6.75%
Senior unsecured notes \| 2025 Senior Unsecured Notes
Long-term Debt Types [Abstract]
Debt, aggregate principal amount		$ 400.0
Debt maturity period		5 years
Senior unsecured notes \| 2027 Senior Unsecured Notes
Long-term Debt Types [Abstract]
Debt, aggregate principal amount			$ 600.0
Debt maturity period			10 years
Interest Rate Percentage			4.625%
Other Facilities \| Other Revolving Credit Facilities
Long-term Debt Types [Abstract]
Available capacity amount				84.0
Long-term Line of Credit				761.0
Other Facilities \| Other Revolving Credit Facilities \| Domestic Line of Credit
Long-term Debt Types [Abstract]
Maximum borrowing capacity					$ 500.0	$ 250.0
Other Facilities \| Other Revolving Credit Facilities \| Short-Term Debt
Long-term Debt Types [Abstract]
Long-term Line of Credit				204.0
Other Facilities \| Other Revolving Credit Facilities \| Other long-term debt
Long-term Debt Types [Abstract]
Long-term Line of Credit				$ 557.0

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Property, Plant and Equipment


Estimated Useful Lives			Years
Buildings			25
Building leasehold improvements			Lesser of Lease Term or 10
Vehicles			3 to 8
Capitalized software			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)	2025		2024

Land	$	52.6	47.6
Buildings	248.9		228.0
Leasehold improvements	308.4		284.8
Vehicles	855.0		777.9
Capitalized software(a)	323.0		285.5
DRS devices leased to customers	374.5		282.8
Other machinery and equipment	854.3		709.3
	3,016.7		2,615.9
Accumulated depreciation and amortization	(1,886.2)		(1,633.2)
Property and equipment, net	$	1,130.5	982.7

(a)Amortization of capitalized software costs included in continuing operations was $24.4 million in 2025, $19.3 million in 2024 and $15.5 million in 2023.

Accounts Receivable and Credit Losses (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable


	December 31,
(In millions)	2025		2024

Trade	$	643.1	603.9
Other	143.5		154.1
Total accounts receivable	786.6		758.0
Allowance for doubtful accounts	(20.6)		(24.5)
Accounts receivable, net	$	766.0	733.5

Accounts Receivable, Allowance for Credit Loss

The following table is a rollforward of the allowance for doubtful accounts:


	Years Ended December 31,
(In millions)	2025		2024	2023

Allowance for doubtful accounts:
Beginning of year	$	24.5	30.4	38.3

Provision for uncollectible accounts receivable	6.3		8.5	12.8
Write offs and recoveries	(11.4)		(13.6)	(21.1)

Foreign currency exchange effects	1.2		(0.8)	0.4
End of year	$	20.6	24.5	30.4

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Leases - Other Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating cash flows from operating leases	$ 134.5	$ 125.6	$ 107.9
Operating cash flows from finance leases	25.7	17.5	14.0
Financing cash flows from finance leases	75.9	64.6	55.5
Leased assets obtained in exchange for new operating lease obligations	156.2	132.2	104.3
Leased assets obtained in exchange for new finance lease obligations	$ 76.2	$ 75.1	$ 92.0
Weighted average remaining lease term operating leases (years)	6 years 4 months 24 days	6 years 2 months 12 days	6 years 6 months
Weighted average remaining lease term finance leases (years)	4 years 4 months 24 days	4 years 2 months 12 days	4 years 8 months 12 days
Weighted average discount rate operating leases (percent)	7.30%	7.00%	6.80%
Weighted average discount rate finance leases (percent)	7.10%	6.70%	6.20%

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes


	Years Ended December 31,
(In millions)	2025		2024	2023

Income (loss) from continuing operations before income taxes
U.S.	$	71.6	(39.3)	1.8
Foreign	282.3		305.6	234.0
Income from continuing operations before income taxes	$	353.9	266.3	235.8


Provision (benefit) for income taxes from continuing operations
Current tax expense (benefit)
U.S. federal	$	3.7	1.0	2.7
State	5.4		3.4	4.0
Foreign	112.9		106.3	109.8
Current tax expense	122.0		110.7	116.5

Deferred tax expense (benefit)
U.S. federal	$	10.6	(25.0)	30.4
State	0.5		1.4	(4.0)
Foreign	10.2		5.6	(3.7)
Deferred tax expense (benefit)	21.3		(18.0)	22.7

Total Income tax expense (benefit)
U.S. federal	$	14.3	(24.0)	33.1
State	5.9		4.8	—
Foreign	123.1		111.9	106.1
Provision for income taxes of continuing operations	$	143.3	92.7	139.2


	Years Ended December 31,
(In millions)	2025		2024	2023

Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	$	143.3	92.7	139.2
Discontinued operations	—		0.4	0.5
Other comprehensive income (loss)	(13.1)		12.0	(4.5)

Comprehensive provision for income taxes	$	130.2	105.1	135.2

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 2025.


	Year Ended December 31,
(In percentages)	2025
	Amount		Percent

U.S. Federal Statutory Income Tax Rate	$	74.3	21.0	%

State and local tax effects, (net of federal income tax effects)(a)	5.9		1.6

Domestic Federal
Tax credits
Foreign tax credits	(18.2)		(5.1)
Others	(0.5)		(0.1)

Changes in federal valuation allowances	15.4		4.4
Effect of cross-border tax laws
Global intangible low-taxed income (net of foreign tax credits)	7.6		2.1
Foreign derived intangible income	(6.4)		(1.8)
Other	1.3		0.4
Nontaxable or nondeductible items
Nondeductible officer compensation	6.1		1.7
Excess tax benefits on share-based payments	(3.9)		(1.1)

Other	1.5		0.4
Other reconciling items	(1.8)		(0.5)

Worldwide - changes in unrecognized tax benefits	(8.3)		(2.3)

Foreign Tax Effects
Argentina
Foreign rate differential	2.6		0.7
Deductible inflation adjustment	(9.9)		(2.8)
Non-deductible hyperinflationary adjustments	12.6		3.6
Withholding taxes	10.4		2.9

Brazil	5.9		1.7

France	4.4		1.2
Mexico
Foreign rate differential	7.0		2.0

Non-deductible employee cost	5.0		1.4
Other non-deductible expenses	3.6		1.0
Withholding taxes	4.5		1.3
Other	(1.2)		(0.3)
Netherlands
Exchange gain	14.9		4.2
Change in valuation allowances	(5.6)		(1.6)
Other	(2.5)		(0.7)

Other foreign jurisdictions(b)	18.6		5.2

Effective Tax Rate	$	143.3	40.5	%

(a)State taxes in Texas, California, and the state and city of New York make up greater than 50% of the tax effects in this category.

(b)No other foreign jurisdiction contributes a reconciling tax effect item of greater than 5% of pretax income at the U.S. Federal statutory rate.

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 2025, 2024 and 2023.


	Years Ended December 31,
(In percentages)	2025		2024		2023

U.S. federal tax rate	21.0	%	21.0	%	21.0	%
Increases (reductions) in taxes due to:
Foreign rate differential	4.0		7.5		4.7
Taxes on cross border income, net of credits	3.2		2.9		7.9

Adjustments to valuation allowances	3.2		(2.8)		18.5
Foreign income taxes	5.7		(1.0)		6.0

French business tax	0.3		0.3		0.4
State income taxes, net	1.6		2.0		0.6
Share-based compensation	0.6		1.3		1.8
Acquisition costs	0.1		—		0.2
Nondeductible fines and penalties	0.1		3.8		—
Other(a)	0.7		(0.2)		(2.1)
Actual income tax rate on continuing operations	40.5	%	34.8	%	59.0	%

(a)No individual item is above a 5% threshold.

Components of Deferred Tax Assets and Liabilities


	December 31,
(In millions)	2025		2024

Deferred tax assets
Pension liabilities	$	25.8	26.9
Retirement benefits other than pensions	14.0		10.8
Lease liabilities	116.0		99.5
Workers’ compensation and other claims	25.8		26.3
Property and equipment, net	46.5		42.3
Other assets and liabilities	109.3		117.2
Net operating loss carryforwards	63.0		54.4
Interest limitations and other tax carryforwards(a)	101.0		80.2
Foreign tax and other tax credits(b)	51.7		61.1
Subtotal	553.1		518.7
Valuation allowances	(136.5)		(118.1)
Total deferred tax assets	416.6		400.6

Deferred tax liabilities


Right-of-use assets, net	107.2		93.0
Goodwill and other intangibles	107.9		101.1
Other assets and miscellaneous	30.7		30.1
Deferred tax liabilities	245.8		224.2
Net deferred tax asset	$	170.8	176.4

Included in:

Noncurrent assets	$	237.3	239.2

Noncurrent liabilities	(66.5)		(62.8)
Net deferred tax asset	$	170.8	176.4

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, 2025.


	Years Ended December 31,
(In millions)	2025		2024	2023

Valuation allowances:
Beginning of year	$	118.1	128.0	77.3
Expiring tax credits	(0.9)		(0.2)	(0.1)
Acquisitions and dispositions	3.2		(0.1)	(0.9)
Changes in judgment about deferred tax assets(a)	15.9		1.3	32.5
Other changes in deferred tax assets, charged to:
Income from continuing operations	(7.0)		(8.6)	11.3

Other comprehensive income (loss)	1.1		1.7	6.9

Foreign currency exchange effects	6.1		(4.0)	1.0
End of year	$	136.5	118.1	128.0

Net Operating Losses

The gross amount of the net operating loss carryforwards as of December 31, 2025, was $434.0 million. The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2025, was $63.0 million, and expires as follows:


(In millions)	Federal		State	Foreign	Total

Years of expiration
2026-2030	$	—	—	3.6	3.6
2031-2035	—		0.6	1.0	1.6
2036 and thereafter	—		10.2	6.0	16.2
Unlimited	—		1.3	40.3	41.6
	$	—	12.1	50.9	63.0

Uncertain Tax Positions

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


	Years Ended December 31,
(In millions)	2025		2024	2023

Uncertain tax positions:
Beginning of year	$	21.6	23.5	23.5
Increases related to prior-year tax positions	2.5		—	2.1
Decreases related to prior-year tax positions	(6.5)		(1.3)	(2.7)
Increases related to current-year tax positions	2.0		2.0	2.4
Increases related to acquisitions	0.5		0.8	—

Settlements	(0.9)		(0.1)	—
Effect of the expiration of statutes of limitation	(3.6)		(2.5)	(2.5)

Foreign currency exchange effects	0.2		(0.8)	0.7
End of year	$	15.8	21.6	23.5

Included in the balance of unrecognized tax benefits at December 31, 2025, are potential benefits of approximately $13.8 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 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 2025, 2024 and 2023 tax provisions was not significant. We had accrued interest and penalties of $2.9 million at December 31, 2025, and $5.3 million at December 31, 2024.

We file income tax returns in the U.S. federal and various state and foreign jurisdictions. With few exceptions, as of December 31, 2025, we are no longer subject to any state and local, or non-U.S. income tax examinations by tax authorities for years before 2022.

Cash Taxes

The following table provides the cash income taxes paid, net of refunds, for 2025.


	Year ended December 31,
(in millions)	2025

US Federal	$	—
US State
Others(a)	4.7
Foreign
Mexico	39.7
Argentina	18.1
Others(a)	73.2
Total	$	135.7

(a)There were no other individual jurisdictions above the 5% threshold.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($) $ / $	Dec. 31, 2024 USD ($) $ / $	Dec. 31, 2023 USD ($) $ / $	Dec. 31, 2022 $ / $
Summary of Investment Holdings [Line Items]
Net monetary assets		$ 3,329.0	$ 2,887.9
Cash and cash equivalents		1,725.9	1,395.3
Goodwill		1,515.3	1,434.9	$ 1,473.8
Net income		$ 210.2	$ 174.7	$ 98.3
Minimum
Summary of Investment Holdings [Line Items]
Remaining useful lives (in years)		1 year
Maximum
Summary of Investment Holdings [Line Items]
Remaining useful lives (in years)		11 years
Argentina \| Argentina Depreciation Adjustment
Summary of Investment Holdings [Line Items]
Net income	$ 13.6
Argentina \| Argentina, Pesos
Summary of Investment Holdings [Line Items]
Percent of Consolidated Revenue		3.00%	4.00%	4.00%
Rate decrease percent		29.00%	19.00%	79.00%
Official exchange rate \| $ / $		1,451.6	1,031	833.3	178.6
Currency remeasurement gain (loss)		$ (17.0)	$ (18.4)	$ (79.1)
Net monetary assets		23.4	115.9
Cash and cash equivalents		24.9	104.0
Net nonmonetary assets		140.7	147.5
Goodwill		102.5	103.1
Debt securities		$ 7.7	$ 21.2

Prepaid Expenses and Other (Tables)

12 Months Ended

Dec. 31, 2025

Prepaid Expense, Current [Abstract]

Schedule of Prepaid Expenses and Other

Prepaid Expenses and Other


	December 31,
(In millions)	2025		2024

Prepaid expenses	$	173.8	164.4
Assets held for sale	32.9		34.9
Income tax receivable	24.2		16.9
Sales-type lease inventory	18.2		24.3
Derivative instruments	7.0		24.7
Other	40.0		48.8
Prepaid expenses and other	$	296.1	314.0

Retirement Benefits - Estimated OPEB Future Benefit Payments (Details) $ in Millions	Dec. 31, 2025 USD ($)
Retirement benefits other than pension
Estimated Future Benefits Payments [Line Items]
2026	$ 23.8
2027	23.8
2028	23.2
2029	23.4
2030	22.7
2031 through 2035	100.8
UMWA Plans
Estimated Future Benefits Payments [Line Items]
2026	16.5
2027	16.6
2028	16.6
2029	16.5
2030	16.3
2031 through 2035	75.3
Black Lung and Other Plans
Estimated Future Benefits Payments [Line Items]
2026	7.3
2027	7.2
2028	6.6
2029	6.9
2030	6.4
2031 through 2035	$ 25.5

Share-Based Compensation Plans - Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	$ 28.2	$ 38.4	$ 34.9
Cash based awards	2.2	1.9	2.8
Income tax benefit	(6.5)	(8.7)	(7.9)
Share-based payment expense, net of tax	21.7	29.7	27.0
Fair value of shares vested	58.4	53.6	28.9
Income tax benefit realized	13.9	12.7	7.0
Performance Shares Units PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	13.8	25.2	20.3
Unrecognized Expense for Nonvested Awards at	$ 17.6
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 year 8 months 12 days
Fair value of shares vested	$ 42.5	35.3	16.3
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	10.6	9.9	10.4
Unrecognized Expense for Nonvested Awards at	$ 9.2
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 year 6 months
Fair value of shares vested	$ 14.2	13.4	8.5
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	1.6	1.4	1.4
Unrecognized Expense for Nonvested Awards at	$ 0.5
Weighted-average No. of Years Unrecognized Expense to be Recognized	4 months 24 days
Fair value of shares vested	$ 1.1	1.4	1.0
Performance-based options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	0.0	1.3	3.0
Time-based options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	0.6	$ 2.2	$ 0.1
Cash based awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense for Nonvested Awards at	$ 1.1
Weighted-average No. of Years Unrecognized Expense to be Recognized	1 year 4 months 24 days

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Allowance	$ 20.6	$ 24.5
Accumulated depreciation and amortization	(1,886.2)	(1,633.2)
Accumulated Amortization(a)	$ (368.3)	$ (321.3)
Par value (in dollars per share)	$ 1	$ 1
Shares authorized (in shares)	100,000,000.0	100,000,000.0
Shares issued (in shares)	41,100,000	42,900,000
Shares outstanding (in shares)	41,100,000	42,900,000

Accumulated Other Comprehensive Income (Loss) - Amounts in OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	$ 127.7	$ (115.0)	$ 47.1
Amounts Arising During the Current Period, Income Tax	11.5	(18.4)	3.8
Amounts Reclassified to Net Income (Loss), Pretax	2.9	(21.6)	(9.4)
Amounts Reclassified to Net Income (Loss), income Tax	1.6	6.4	0.7
Other comprehensive income (loss)	143.7	(148.6)	42.2
Cost of revenues	3,903.2	3,743.1	3,707.1
Selling, general and administrative expenses	778.0	834.5	688.1
Interest and other income (expense)	13.9	48.7	14.4
Other operating income (expense)	5.5	18.7	(54.2)
Interest expense	245.5	235.4	203.8
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(14.6)	50.5	(17.4)
Amounts Arising During the Current Period, Income Tax	4.0	(10.8)	4.3
Amounts Reclassified to Net Income (Loss), Pretax	5.7	5.6	2.2
Amounts Reclassified to Net Income (Loss), income Tax	(1.7)	(3.5)	(0.6)
Other comprehensive income (loss)	(6.6)	41.8	(11.5)
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	144.3	(178.8)	65.6
Amounts Arising During the Current Period, Income Tax	9.9	(6.2)	4.0
Amounts Reclassified to Net Income (Loss), Pretax	(5.2)	(4.6)	(5.2)
Amounts Reclassified to Net Income (Loss), income Tax	1.1	1.1	1.2
Other comprehensive income (loss)	150.1	(188.5)	65.6
Gains (losses) on available-for-sale securities
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(6.7)	(2.1)	(0.8)
Amounts Arising During the Current Period, Income Tax	(1.4)	0.8	(3.7)
Amounts Reclassified to Net Income (Loss), Pretax	10.1	(4.6)	5.0
Amounts Reclassified to Net Income (Loss), income Tax	0.4	4.4	(1.7)
Other comprehensive income (loss)	2.4	(1.5)	(1.2)
Gains (losses) on cash flow hedges
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(0.3)	15.6	1.9
Amounts Arising During the Current Period, Income Tax	(1.0)	(2.2)	(0.8)
Amounts Reclassified to Net Income (Loss), Pretax	(7.7)	(17.7)	(11.3)
Amounts Reclassified to Net Income (Loss), income Tax	1.8	4.4	1.8
Other comprehensive income (loss)	(7.2)	0.1	(8.4)
Gains (losses) on cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income Loss [Line Items]
Other operating income (expense)	0.0	0.0	(7.8)
Interest expense	(7.7)	(17.7)	(19.1)
AOCI Attributable to Parent
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	122.7	(114.8)	49.3
Amounts Arising During the Current Period, Income Tax	11.5	(18.4)	3.8
Amounts Reclassified to Net Income (Loss), Pretax	2.9	(21.3)	(9.3)
Amounts Reclassified to Net Income (Loss), income Tax	1.6	6.4	0.7
Other comprehensive income (loss)	138.7	(148.1)	44.5
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(0.3)	0.1	0.0
Amounts Arising During the Current Period, Income Tax	0.0	0.0	0.0
Amounts Reclassified to Net Income (Loss), Pretax	0.0	(0.3)	(0.1)
Amounts Reclassified to Net Income (Loss), income Tax	0.0	0.0	0.0
Other comprehensive income (loss)	(0.3)	(0.2)	(0.1)
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	5.3	(0.3)	(2.2)
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)	5.3	(0.3)	(2.2)
AOCI Attributable to Noncontrolling Interest
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	5.0	(0.2)	(2.2)
Amounts Arising During the Current Period, Income Tax	0.0	0.0	0.0
Amounts Reclassified to Net Income (Loss), Pretax	0.0	(0.3)	(0.1)
Amounts Reclassified to Net Income (Loss), income Tax	0.0	0.0	0.0
Other comprehensive income (loss)	5.0	(0.5)	(2.3)
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(14.9)	50.6	(17.4)
Amounts Arising During the Current Period, Income Tax	4.0	(10.8)	4.3
Amounts Reclassified to Net Income (Loss), Pretax	5.7	5.3	2.1
Amounts Reclassified to Net Income (Loss), income Tax	(1.7)	(3.5)	(0.6)
Other comprehensive income (loss)	(6.9)	41.6	(11.6)
Benefit plan adjustments \| Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income Loss [Line Items]
Cost of revenues	6.8	6.8	5.9
Selling, general and administrative expenses	1.8	2.1	2.0
Interest and other income (expense)	1.9	0.1	0.5
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	149.6	(179.1)	63.4
Amounts Arising During the Current Period, Income Tax	9.9	(6.2)	4.0
Amounts Reclassified to Net Income (Loss), Pretax	(5.2)	(4.6)	(5.2)
Amounts Reclassified to Net Income (Loss), income Tax	1.1	1.1	1.2
Other comprehensive income (loss)	155.4	(188.8)	63.4
Gains (losses) on available-for-sale securities
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(6.7)	(2.1)	(0.8)
Amounts Arising During the Current Period, Income Tax	(1.4)	0.8	(3.7)
Amounts Reclassified to Net Income (Loss), Pretax	10.1	(4.6)	5.0
Amounts Reclassified to Net Income (Loss), income Tax	0.4	4.4	(1.7)
Other comprehensive income (loss)	2.4	(1.5)	(1.2)
Gains (losses) on cash flow hedges
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(0.3)	15.6	1.9
Amounts Arising During the Current Period, Income Tax	(1.0)	(2.2)	(0.8)
Amounts Reclassified to Net Income (Loss), Pretax	(7.7)	(17.7)	(11.3)
Amounts Reclassified to Net Income (Loss), income Tax	1.8	4.4	1.8
Other comprehensive income (loss)	$ (7.2)	$ 0.1	$ (8.4)

Income Taxes - Valuation Allowances (Details) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning of year	$ 118.1	$ 128.0	$ 77.3
Expiring tax credits	(0.9)	(0.2)	(0.1)
Acquisitions and dispositions	3.2	(0.1)	(0.9)
Changes in judgment about deferred tax assets(a)	15.9	1.3	32.5
Income from continuing operations	(7.0)	(8.6)	11.3
Other comprehensive income (loss)	1.1	1.7	6.9
Foreign currency exchange effects	6.1	(4.0)	1.0
End of year	$ 136.5	$ 118.1	$ 128.0

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	$ 5,261.2	$ 5,011.9	$ 4,874.6
Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	5,261.2	5,011.9	4,874.6
Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	3,799.1	3,800.4	3,862.7
Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,462.1	1,211.5	1,011.9
North America \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,742.6	1,649.7	1,601.1
North America \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,208.9	1,207.0	1,216.8
North America \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	533.7	442.7	384.3
Latin America \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,289.6	1,311.0	1,332.3
Latin America \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,035.1	1,095.5	1,149.1
Latin America \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	254.5	215.5	183.2
Europe \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	1,429.5	1,305.0	1,213.6
Europe \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	818.2	803.7	800.4
Europe \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	611.3	501.3	413.2
Rest of World \| Reportable Segments
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	799.5	746.2	727.6
Rest of World \| Reportable Segments \| Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	736.9	694.2	696.4
Rest of World \| Reportable Segments \| DRS and AMS
Disaggregation of Revenue [Line Items]
Revenue disaggregated by reportable segment and type of service	$ 62.6	$ 52.0	$ 31.2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
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+ Details

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Subparagraph (a)
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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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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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 40
-Publisher FASB
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 22
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+ Details

Income Taxes - Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]
U.S. federal tax rate, amount	$ 74.3
U.S. federal tax rate, percent	21.00%	21.00%	21.00%
State and local tax effects, amount	$ 5.9
State and local tax effects, percent	1.60%	2.00%	0.60%
Foreign tax credits, amount	$ (18.2)
Foreign tax credits, percent	(5.10%)
Other tax credits, amount	$ (0.5)
Other tax credits, percent	(0.10%)
Change in valuation allowance, percent		(2.80%)	18.50%
Global intangible low-taxed income (net of foreign tax credits), amount	$ 7.6
Global intangible low-taxed income (net of foreign tax credits), percent	2.10%
Foreign derived intangible income, amount	$ (6.4)
Foreign derived intangible income, percent	(1.80%)
Other cross-border tax laws, amount	$ 1.3
Other cross-border tax laws, percent	0.40%
Changes in unrecognized tax benefits, amount	$ (8.3)
Changes in unrecognized tax benefits, percent	(2.30%)
Foreign rate differential, percent		7.50%	4.70%
Other foreign tax effects, percent		(0.20%)	(2.10%)
Provision for income taxes of continuing operations	$ 143.3	$ 92.7	$ 139.2
Actual income tax rate on continuing operations	40.50%	34.80%	59.00%
U.S.
Effective Income Tax Rate Reconciliation [Line Items]
Change in valuation allowance, amount	$ 15.4
Change in valuation allowance, percent	4.40%
Nondeductible officer compensation, amount	$ 6.1
Nondeductible officer compensation, Percent	1.70%
Excess tax benefits on share-based payments, amount	$ (3.9)
Excess tax benefits on share-based payments, percent	(1.10%)
Other nondeductible expense, amount	$ 1.5
Other nondeductible expense, percent	0.40%
Other reconciling items, amount	$ (1.8)
Other reconciling items, percent	(0.50%)
Argentina
Effective Income Tax Rate Reconciliation [Line Items]
Foreign rate differential, amount	$ 2.6
Foreign rate differential, percent	0.70%
Deductible inflation adjustment, amount	$ (9.9)
Deductible inflation adjustment, percent	(2.80%)
Non-deductible hyperinflationary adjustments, amount	$ 12.6
Non-deductible hyperinflationary adjustments, percent	3.60%
Withholding taxes, amount	$ 10.4
Withholding taxes, percent	2.90%
Brazil
Effective Income Tax Rate Reconciliation [Line Items]
Foreign rate differential, amount	$ 5.9
Foreign rate differential, percent	1.70%
France
Effective Income Tax Rate Reconciliation [Line Items]
Foreign rate differential, amount	$ 4.4
Foreign rate differential, percent	1.20%
Mexico
Effective Income Tax Rate Reconciliation [Line Items]
Other nondeductible expense, amount	$ 3.6
Other nondeductible expense, percent	1.00%
Foreign rate differential, amount	$ 7.0
Foreign rate differential, percent	2.00%
Withholding taxes, amount	$ 4.5
Withholding taxes, percent	1.30%
Other foreign tax effects, amount	$ (1.2)
Other foreign tax effects, percent	(0.30%)
Non-deductible employee cost, amount	$ 5.0
Non-deductible employee cost, percent	1.40%
Netherlands
Effective Income Tax Rate Reconciliation [Line Items]
Change in valuation allowance, amount	$ (5.6)
Change in valuation allowance, percent	(1.60%)
Other foreign tax effects, amount	$ (2.5)
Other foreign tax effects, percent	(0.70%)
Foreign exchange gain, amount	$ 14.9
Foreign exchange gain, percent	4.20%
Other foreign jurisdiction
Effective Income Tax Rate Reconciliation [Line Items]
Foreign rate differential, amount	$ 18.6
Foreign rate differential, percent	5.20%

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2025

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, 2025 and 2024 are as follows:


	December 31, 2025
(In millions)	Beginning Balance		Acquisitions/ Dispositions	Segment Reallocation(a)	Currency	Ending Balance

Goodwill:
North America	$	486.5	—	—	0.3	486.8
Latin America	208.5		0.9	—	12.8	222.2
Europe	348.1		8.0	36.3	41.5	433.9
Rest of World	391.8		—	(36.3)	16.9	372.4
Total Goodwill	$	1,434.9	8.9	—	71.5	1,515.3


	December 31, 2024
(In millions)	Beginning Balance		Acquisitions/ Dispositions	Currency	Ending Balance

Goodwill:
North America	$	477.7	9.4	(0.6)	486.5
Latin America	230.8		3.3	(25.6)	208.5
Europe	364.9		2.0	(18.8)	348.1
Rest of World	400.4		—	(8.6)	391.8
Total Goodwill	$	1,473.8	14.7	(53.6)	1,434.9

Schedule of Intangible Assets and Goodwill

The following table summarizes our other intangible assets by category:


	December 31, 2025				December 31, 2024
(In millions)	Gross Carrying Amount(a)		Accumulated Amortization(a)	Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization	Net Carrying Amount	Weighted-average amortization period

Customer relationships	$	641.3	(313.1)	328.2	$	627.7	(271.2)	356.5	7.9
Indefinite-lived trade names	8.6		—	8.6	7.4		—	7.4	—
Finite-lived trade names	35.9		(30.1)	5.8	39.7		(27.7)	12.0	1.4
Developed technology	66.7		(24.1)	42.6	64.8		(18.4)	46.4	7.8

Other	1.0		(1.0)	—	4.0		(4.0)	—	—
Total	$	753.5	(368.3)	385.2	$	743.6	(321.3)	422.3

(a)$28.3 million of fully amortized intangible assets were written off in 2025.

Schedule of Expected Amortization Expense

Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2025, for the next five years is as follows:


(In millions)	2026		2027	2028	2029	2030

Amortization expense	$	53.6	50.6	47.5	47.0	42.9

Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Operating lease assets	$ 388.7	$ 354.9
Finance lease assets	$ 326.2	$ 281.3
Finance lease, right-of-use asset, statement of financial position [extensible enumeration]	Property and equipment (net of accumulated depreciation and amortization: 2025 - $1,886.2; 2024 - $1,633.2)	Property and equipment (net of accumulated depreciation and amortization: 2025 - $1,886.2; 2024 - $1,633.2)
Total lease assets	$ 714.9	$ 636.2
Current liabilities operating leases	$ 92.2	$ 78.2
Operating lease, liability, current, statement of financial position [extensible enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Current liabilities financing leases	$ 72.7	$ 61.4
Finance lease, liability, current, statement of financial position [extensible enumeration]	Current maturities of long-term debt	Current maturities of long-term debt
Lease liabilities	$ 310.2	$ 278.6
Finance lease, liability, noncurrent, statement of financial position [extensible enumeration]	Long-term debt	Long-term debt
Noncurrent liabilities financing leases	$ 197.7	$ 173.7
Total lease liabilities	$ 672.8	$ 591.9

Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2025

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,	2025		2024	2023	2025		2024	2023	2025		2024	2023

Service cost	$	—	—	—	$	8.3	8.7	7.6	$	8.3	8.7	7.6
Interest cost on projected benefit obligation	31.3		30.7	32.4	18.0		17.7	18.1	49.3		48.4	50.5
Return on assets – expected	(44.5)		(46.4)	(47.2)	(11.5)		(11.4)	(11.1)	(56.0)		(57.8)	(58.3)
Amortization of losses	5.2		5.2	1.6	2.8		2.6	1.8	8.0		7.8	3.4
Amortization of prior service cost	—		—	—	0.1		0.1	—	0.1		0.1	—

Settlement loss	—		—	—	1.2		1.1	—	1.2		1.1	—
Net periodic pension cost (credit)	$	(8.0)	(10.5)	(13.2)	$	18.9	18.8	16.4	$	10.9	8.3	3.2

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,	2025		2024	2023	2025		2024	2023	2025		2024	2023

Service cost	$	—	—	—	$	0.2	0.1	0.3	$	0.2	0.1	0.3
Interest cost on APBO	9.8		9.6	11.1	4.4		4.6	5.3	14.2		14.2	16.4
Return on assets – expected	(9.7)		(10.2)	(10.3)	—		—	—	(9.7)		(10.2)	(10.3)
Amortization of losses	2.0		1.7	5.1	3.1		4.3	4.8	5.1		6.0	9.9
Amortization of prior service credit	(10.2)		(9.4)	(11.0)	—		—	(0.1)	(10.2)		(9.4)	(11.1)

Net periodic postretirement cost (credit)	$	(8.1)	(8.3)	(5.1)	$	7.7	9.0	10.3	$	(0.4)	0.7	5.2

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,	2025		2024	2025	2024	2025	2024

Benefit obligation at beginning of year	$	585.7	629.2	347.8	383.1	933.5	1,012.3
Service cost	—		—	8.3	8.7	8.3	8.7
Interest cost	31.3		30.7	18.0	17.7	49.3	48.4
Participant contributions	—		—	0.6	0.6	0.6	0.6
Plan amendments	—		—	(0.3)	—	(0.3)	—
Plan combinations	—		—	1.0	2.2	1.0	2.2

Curtailments	—		—	(0.1)	0.1	(0.1)	0.1
Settlements	—		—	(2.7)	(0.9)	(2.7)	(0.9)
Benefits paid	(45.4)		(45.0)	(20.8)	(22.4)	(66.2)	(67.4)

Actuarial (gains) losses	2.6		(29.2)	(3.9)	(10.6)	(1.3)	(39.8)
Foreign currency exchange effects	—		—	35.2	(30.7)	35.2	(30.7)
Benefit obligation at end of year	$	574.2	585.7	383.1	347.8	957.3	933.5

Fair value of plan assets at beginning of year	$	587.7	611.6	238.5	259.3	826.2	870.9
Return on assets – actual	54.4		20.4	(5.0)	2.9	49.4	23.3
Participant contributions	—		—	0.6	0.6	0.6	0.6

Plan combinations	—		—	1.0	2.2	1.0	2.2
Employer contributions	0.7		0.7	12.3	13.7	13.0	14.4

Settlements	—		—	(2.7)	(0.9)	(2.7)	(0.9)
Benefits paid	(45.4)		(45.0)	(20.8)	(22.4)	(66.2)	(67.4)

Foreign currency exchange effects	—		—	19.8	(16.9)	19.8	(16.9)
Fair value of plan assets at end of year	$	597.4	587.7	243.7	238.5	841.1	826.2

Funded status	$	23.2	2.0	(139.4)	(109.3)	(116.2)	(107.3)

Included in:
Noncurrent asset	$	29.2	8.2	13.2	12.7	42.4	20.9
Current liability, included in accrued liabilities	0.6		0.6	10.2	5.1	10.8	5.7
Noncurrent liability	5.4		5.6	142.4	116.9	147.8	122.5
Net pension (asset) liability	$	(23.2)	(2.0)	139.4	109.3	116.2	107.3

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,	2025		2024	2025	2024	2025	2024

APBO at beginning of year	$	172.2	214.0	77.8	91.3	250.0	305.3
Service cost	—		—	0.2	0.1	0.2	0.1
Interest cost	9.8		9.6	4.4	4.6	14.2	14.2
Plan amendments	—		8.8	—	—	—	8.8



Benefits paid	(17.8)		(20.7)	(7.5)	(8.3)	(25.3)	(29.0)

Actuarial (gains) losses, net	21.0		(39.5)	(3.7)	(7.3)	17.3	(46.8)
Foreign currency exchange effects	—		—	0.9	(2.6)	0.9	(2.6)
APBO at end of year	$	185.2	172.2	72.1	77.8	257.3	250.0

Fair value of plan assets at beginning of year	$	129.5	136.1	—	—	129.5	136.1
Return on assets – actual	19.2		13.6	—	—	19.2	13.6
Employer contributions	—		—	7.5	8.3	7.5	8.3
Net transfers to (from) plan assets	(1.3)		0.5	—	—	(1.3)	0.5
Benefits paid	(17.8)		(20.7)	(7.5)	(8.3)	(25.3)	(29.0)

Fair value of plan assets at end of year	$	129.6	129.5	—	—	129.6	129.5

Funded status	$	(55.6)	(42.7)	(72.1)	(77.8)	(127.7)	(120.5)

Included in:
Current, included in accrued liabilities	$	—	—	7.3	9.0	7.3	9.0
Noncurrent	55.6		42.7	64.8	68.8	120.4	111.5
Retirement benefits other than pension liability	$	55.6	42.7	72.1	77.8	127.7	120.5

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,	2025		2024	2025	2024	2025	2024

Benefit plan net actuarial losses recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(178.8)	(187.2)	(33.4)	(43.1)	(212.2)	(230.3)
Net actuarial gains (losses) arising during the year	7.3		3.2	(12.6)	2.0	(5.3)	5.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	5.2		5.2	4.0	3.7	9.2	8.9
Foreign currency exchange effects	—		—	(2.5)	4.0	(2.5)	4.0
End of year	$	(166.3)	(178.8)	(44.5)	(33.4)	(210.8)	(212.2)

Benefit plan prior service cost recognized in accumulated other comprehensive income (loss):
Beginning of year	$	—	—	(0.5)	(0.7)	(0.5)	(0.7)
Prior service credit (cost) from plan amendments during the year	—		—	0.3	—	0.3	—
Reclassification adjustment for amortization of prior service cost included in net income (loss)	—		—	0.1	0.1	0.1	0.1
Foreign currency exchange effects	—		—	0.1	0.1	0.1	0.1
End of year	$	—	—	—	(0.5)	—	(0.5)

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,	2025		2024	2025	2024	2025	2024

Benefit plan net actuarial gain (loss) recognized in accumulated other comprehensive income (loss):
Beginning of year	$	(29.1)	(73.7)	(32.6)	(44.4)	(61.7)	(118.1)
Net actuarial gains (losses) arising during the year	(11.5)		42.9	3.7	7.3	(7.8)	50.2
Reclassification adjustment for amortization of prior actuarial losses included in net income (loss)	2.0		1.7	3.2	4.3	5.2	6.0
Foreign currency exchange effects	—		—	0.1	0.2	0.1	0.2
End of year	$	(38.6)	(29.1)	(25.6)	(32.6)	(64.2)	(61.7)

Benefit plan prior service (cost) credit recognized in accumulated other comprehensive income (loss):
Beginning of year	$	51.5	69.7	0.2	0.2	51.7	69.9
Prior service credit from plan amendments during the year	—		(8.8)	—	—	—	(8.8)
Reclassification adjustment for amortization or curtailment of prior service cost included in net income (loss)	(10.2)		(9.4)	(0.1)	—	(10.3)	(9.4)
Foreign currency exchange effects	—		—	—	—	—	—
End of year	$	41.3	51.5	0.1	0.2	41.4	51.7

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


(In millions)	U.S. Plans			Non-U.S. Plans		Total
December 31,	2025		2024	2025	2024	2025	2024


Fair value of plan assets	$	—	—	96.1	92.0	96.1	92.0
Accumulated benefit obligation	6.0		6.2	216.6	191.2	222.6	197.4
Projected benefit obligation	6.0		6.2	248.7	214.0	254.7	220.2

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
	2025		2024		2023		2025		2024		2023

Discount rate:
Pension cost	5.6	%	5.1	%	5.4	%	5.0	%	4.9	%	5.4	%
Benefit obligation at year end	5.4	%	5.6	%	5.1	%	5.5	%	5.0	%	4.9	%

Expected return on assets – pension cost	7.00	%	7.00	%	7.00	%	4.65	%	4.58	%	4.59	%

Average rate of increase in salaries(a):
Pension cost	N/A		N/A		N/A		1.9	%	2.0	%	1.9	%
Benefit obligation at year end	N/A		N/A		N/A		2.3	%	1.9	%	2.0	%

(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:


	2025		2024		2023

Weighted-average discount rate:
Postretirement cost:
UMWA plans	5.6	%	5.1	%	5.4	%
Black lung	5.5	%	5.1	%	5.4	%
Weighted-average	5.7	%	5.3	%	5.6	%
Benefit obligation at year end:
UMWA plans	5.3	%	5.6	%	5.1	%
Black lung	5.2	%	5.5	%	5.1	%
Weighted-average	5.5	%	5.7	%	5.3	%
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, 2025, are as follows:


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

2026	$	46.9	24.8	71.7
2027	46.6		24.4	71.0
2028	46.2		27.2	73.4
2029	45.9		28.1	74.0
2030	45.4		29.3	74.7
2031 through 2035	216.5		160.5	377.0

Projected benefit payments of the plans in the next 10 years using assumptions in effect at December 31, 2025, are as follows:


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

2026	$	16.5	7.3	23.8
2027	16.6		7.2	23.8
2028	16.6		6.6	23.2
2029	16.5		6.9	23.4
2030	16.3		6.4	22.7
2031 through 2035	75.3		25.5	100.8

Schedule of Allocation of Plan Assets


		December 31, 2025				December 31, 2024
(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		$	5.8	—	—	3.8	—	—
Equity securities:
Global managed volatility equities(a)	1	55.8		10	10	—	—	—
U.S. large-cap(a)	—	—		—	—	75.2	13	14
U.S. small/mid-cap(a)	—	—		—	—	20.9	4	4
International(a)	—	—		—	—	66.7	11	12



Fixed-income securities:
Long duration - mutual fund(d)	1	454.1		90	90	343.8	68	70
Long duration - Treasury strips(d)	2	81.7				55.3


Other types of investments:

Core property(g) (l)		—		—	—	21.3	4	—
Structured credit(h) (l)		—		—	—	0.7	—	—
Total		$	597.4	100	100	587.7	100	100

UMWA Plans
Cash, cash equivalents and receivables		$	0.3	—	—	—	—	—
Equity securities:
U.S. large-cap(a)	1	30.5		24	24	29.3	23	24
U.S. small/mid-cap(a)	1	13.4		10	11	13.3	10	11
International(a)	1	32.9		25	25	30.7	24	26
Emerging markets(b)	1	5.0		4	4	4.8	3	4
Dynamic asset allocation(c)	1	8.9		7	7	8.6	7	7
Fixed-income securities:
High yield(e)	1	2.4		2	2	2.4	2	2
Emerging markets(f)	1	4.8		4	4	4.8	4	4
Multi asset real return(i)	1	5.9		4	5	6.0	4	5
Other types of investments:

Core property(g) (l)		6.8		5	5	10.6	8	5
Structured credit(h) (l)		10.9		8	8	10.0	8	5
Global private equity(j) (l)		7.1		6	5	8.2	6	7
Energy debt(k) (l)		0.7		1	—	0.8	1	—
Total		$	129.6	100	100	129.5	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, 2025				December 31, 2024
(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	$	0.6	—	—	0.5	—	—
Equity securities:
U.S. equity funds(a)	7.7				7.3
Canadian equity funds(a)	2.4				1.8
European equity funds(a)	—				0.6

Emerging markets(a)	0.1				—
Other global equity funds(a)	7.3				8.1
Total equity securities	17.5		7	8	17.8	7	8
Fixed-income securities:

Canadian fixed-income securities(b)	57.3				49.7
European fixed-income funds(c)	16.5				13.4
High-yield(d)	0.1				0.3
Emerging markets(e)	0.2				0.3
Long-duration(f)	50.1				57.5
Total fixed-income securities	124.2		51	49	121.2	51	49
Other types of investments:
Guaranteed contract value(g)	79.1		33	36	77.9	33	36


Property funds(h)	6.4		9	7	6.2	9	7
Global infrastructure fund(i)	8.5				7.5
Other	7.4				7.4
Total other types of investments	101.4				99.0
Total	$	243.7	100	100	238.5	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, 2025		December 31, 2024

Quoted prices in active markets for identical assets (Level 1)	$	111.3	89.6
Significant other observable inputs (Level 2)	23.7		43.4
Guaranteed contract value (Level 3)(a)	79.1		77.9
Other insurance contract value (Level 3)(b)	3.8		3.0
Net asset value per share practical expedient(c)	25.8		24.6
Total fair value	$	243.7	238.5

Schedule of Costs of Retirement Plans

Our matching contribution expense is as follows:


(In millions)
Years Ended December 31,	2025		2024	2023

U.S. 401(k)	$	9.8	9.9	9.9
Other plans	13.1		13.3	10.7
Total	$	22.9	23.2	20.6

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt


	December 31,
(In millions)	2025		2024

Debt:
Short-term borrowings



Other (year end weighted average interest rate of 4.9% in 2025 and 6.5% in 2024)	$	241.1	149.3
Total short-term borrowings	$	241.1	149.3

Long-term debt
Bank credit facilities:
Term loans (year-end weighted average interest rate of 5.4% in 2025 and 6.2% in 2024)
less unamortized issuance cost of $1.7 million in 2025 and $2.8 million in 2024	$	1,223.3	1,292.2
Senior unsecured notes (year-end effective interest rate of 4.6% for "2027 Senior Unsecured Notes", 6.5% for "2029 Senior Unsecured Notes" and 6.8% for "2032 Senior Unsecured Notes" respectively in 2025 and 2024)
less unamortized issuance cost of $9.6 million in 2025 and $12.2 million in 2024	1,390.4		1,387.8
Revolving Credit Facility (year-end weighted average interest rate of 5.5% in 2025 and 6.2% in 2024)	420.0		399.7




Other facilities (year-end weighted-average interest rate of 4.3% in 2025 and 5.8% in 2024)(a)	669.1		432.1
Financing leases (year-end weighted-average interest rate of 7.1% in 2025 and 6.7% in 2024)	270.4		235.1
Total long-term debt	$	3,973.2	3,746.9

Total Debt	$	4,214.3	3,896.2

Included in:
Current liabilities	$	404.2	291.0
Noncurrent liabilities	3,810.1		3,605.2
Total debt	$	4,214.3	3,896.2

(a)Includes Other Revolving Credit Facilities of $557 million at December 31, 2025 and $359 million at December 31, 2024.

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

2026	$	72.7	90.4	163.1
2027	67.4		2,645.6	2,713.0
2028	51.9		136.7	188.6
2029	35.0		418.1	453.1
2030	26.6		11.4	38.0
Later years	16.8		411.9	428.7
Total	$	270.4	3,714.1	3,984.5

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)	2025		2024

Asset class:
Buildings	$	33.5	7.8
Vehicles	330.3		347.8
Machinery and equipment	186.2		122.6
	550.0		478.2
Less: accumulated amortization	(223.8)		(196.9)
Total	$	326.2	281.3

Revenue from Contracts with Customers (Policies)	12 Months Ended
Revenue from Contracts with Customers (Policies)	Dec. 31, 2025
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue is recognized when services related to cash and valuables management, DRS, and AMS 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. 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. Certain Brink's affiliates make upfront consideration payments in order to gain customer contracts. The upfront payment amounts are reported as contract assets and are amortized as a reduction to revenues over the duration of the contracts. Contract assets expected to be billed or amortized within one year ($11.0 million at December 31, 2025) are included in prepaid expenses and other on the consolidated balance sheet. Amounts not expected to be billed and collected within one year ($16.6 million at December 31, 2025) 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, which is included in accrued liabilities on the consolidated balance sheet. The amount of revenue recognized in 2025 that was included in the January 1, 2025 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, 2025 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, 2025, the net capitalized costs to obtain contracts was included in other assets on the consolidated balance sheet. The capitalized amounts at December 31, 2025 and December 31, 2024 were $14.3 million and $12.8 million, respectively. 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.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-17

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-19

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-18

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-18

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (e)
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,016.7	$ 2,615.9
Accumulated depreciation and amortization	(1,886.2)	(1,633.2)
Property and equipment, net	1,130.5	982.7
Amortization	24.4	19.3	$ 15.5
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	52.6	47.6
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	248.9	228.0
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	308.4	284.8
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	855.0	777.9
Capitalized software(a)
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	323.0	285.5
DRS devices leased to customers
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	374.5	282.8
Other machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 854.3	$ 709.3

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information


	Years Ended December 31,
	2025		2024	2023

Cash paid for:
Interest	$	239.6	235.3	195.8
Income taxes, net	135.7		122.1	96.3

Argentina Marketable Securities

In the last three years, we have used available Argentine pesos to purchase equity and available-for-sale debt securities. Cash outflows for the purchase of these financial instruments totaled $67.9 million in 2025, $29.7 million in 2024, and $131.1 million in 2023. Cash inflows for the sale of these financial instruments totaled $73.9 million in 2025, $14.6 million in 2024, and $145.6 million in 2023. At the time of any future sale of these financial instruments, proceeds received will be solely in Argentine pesos. These cash flows are reported in investing activities.

Non-cash Investing and Financing Activities

We acquired armored vehicles, DRS devices and other equipment under financing lease arrangements in the last three years including $76.2 million in 2025, $75.1 million in 2024 and $92.0 million in 2023.

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 2025 we did not have any payments related to acquisitions recorded in financing activities. In 2024 we paid $0.8 million in settlements related to acquired business operations in the Europe segment. In 2023 we paid $10.3 million in settlements related to the NoteMachine acquisition and $0.8 million related to the Touchpoint 21 acquisition.

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. The corresponding deposit liability is included in Accrued Liabilities on the consolidated balance sheets and these amounts are included in the change in restricted cash held for customers in the consolidated statements of cash flows.

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 $45.7 million ($44.0 million at December 31, 2024) and, due to this contractual restriction, we have classified these amounts as restricted cash.

At December 31, 2025, we held $541.0 million of restricted cash ($294.2 million represented restricted cash held for customers and $199.3 million represented accrued liabilities). At December 31, 2024, we held $445.1 million of restricted cash ($232.7 million represented restricted cash held for customers and $166.5 million represented accrued liabilities).

Lessor Debt Financing

In certain leasing transactions, we acquire assets through capital expenditures that are then sold to lessors in which the cash received is classified as borrowings from financing activities rather than proceeds from investing activities. Cash inflows related to these transactions totaled $43.2 million in 2025 compared to $46.6 million in 2024 and $7.5 million in 2023 and are included in Other long-term debt borrowings within financing activities in the consolidated statements of cash flows.


	December 31,
(In millions)	2025		2024
Cash and cash equivalents	$	1,725.9	1,395.3
Restricted cash	541.0		445.1
Total, cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	2,266.9	1,840.4

Retirement Benefits - Savings Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense	$ 22.9	$ 23.2	$ 20.6
Defined contribution plan maximum annual contribution per employee percent	2.00%
U.S. 401(k)
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense	$ 9.8	9.9	9.9
Other plans
Defined Contribution Plan Disclosure [Line Items]
Matching defined contribution expense	$ 13.1	$ 13.3	$ 10.7

Income Taxes - Rate Reconciliation, Differences Between Actual Tax Rate on Continuing Operations and Statutory U.S. Federal Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Taxes [Line Items]
U.S. federal tax rate, percent	21.00%	21.00%	21.00%
Foreign rate differential, percent		7.50%	4.70%
Taxes on cross border income, net of credits		2.90%	7.90%
Change in valuation allowance, percent		(2.80%)	18.50%
Foreign income taxes		(1.00%)	6.00%
French business tax		0.30%	0.40%
State and local tax effects, percent	1.60%	2.00%	0.60%
Share-based compensation		1.30%	1.80%
Acquisition costs		0.00%	0.20%
Nondeductible fines and penalties		3.80%	0.00%
Other foreign tax effects, percent		(0.20%)	(2.10%)
Actual income tax rate on continuing operations	40.50%	34.80%	59.00%
Pro Forma
Income Taxes [Line Items]
U.S. federal tax rate, percent	21.00%
Foreign rate differential, percent	4.00%
Taxes on cross border income, net of credits	3.20%
Change in valuation allowance, percent	3.20%
Foreign income taxes	5.70%
French business tax	0.30%
State and local tax effects, percent	1.60%
Share-based compensation	0.60%
Acquisition costs	0.10%
Nondeductible fines and penalties	0.10%
Other foreign tax effects, percent	0.70%
Actual income tax rate on continuing operations	40.50%

Revenue from Contracts with Customers - Contract Balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Contract asset current	$ 11.0
Contract assets	16.6	$ 17.6
Receivables	766.0	733.5
Receivables - increase (decrease)	32.5
Customer Asset	27.6	22.2
Contract Asset - increase (decrease)	5.4
Contract liability	15.0	15.0
Contract Liability - increase (decrease)	0.0
Revenue recognized included in beginning balance	14.7
Capitalized costs to obtain contracts	$ 14.3	$ 12.8

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

We lease facilities, vehicles, certain DRS devices, ATMs, computers and other equipment under long-term operating and financing leases with varying terms. Most of the leases contain renewal and/or purchase options, exercisable 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. 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 non-lease 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 non-lease 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	2025		2024
Assets:
Operating lease assets	Right-of-use assets, net	$	388.7	$	354.9
Finance lease assets	Property and equipment, net	326.2		281.3
Total leased assets		$	714.9	$	636.2

Liabilities:
Current:
Operating	Accrued liabilities	$	92.2	$	78.2
Financing	Current maturities of long-term debt	72.7		61.4
Noncurrent:
Operating	Lease liabilities	310.2		278.6
Financing	Long-term debt	197.7		173.7
Total lease liabilities		$	672.8	$	591.9

The components of lease expense were as follows:


	Years Ended December 31,
(In millions)	2025		2024		2023

Operating lease cost(a)	$	159.5	$	148.7	$	133.8
Short-term lease cost	30.3		23.3		25.5
Variable lease cost(a)	91.0		19.9		19.6
Finance lease cost:
Amortization of related assets	61.5		52.4		44.5
Interest on related liabilities	25.7		17.5		14.0
Total lease cost	$	368.0	$	261.8	$	237.4

Other information related to leases was as follows:


	Years Ended December 31,
(In millions, except for lease term and discount rate)	2025			2024			2023

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	134.5		$	125.6		$	107.9
Operating cash flows from finance leases	25.7			17.5			14.0
Financing cash flows from finance leases	75.9			64.6			55.5
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	156.2			132.2			104.3
Finance leases	76.2			75.1			92.0

Weighted Average Remaining Lease Term

Operating leases	6.4 years			6.2 years			6.5 years
Finance leases	4.4 years			4.2 years			4.7 years

Weighted Average Discount Rate

Operating leases	7.3		%	7.0		%	6.8		%
Finance leases	7.1		%	6.7		%	6.2		%

As of December 31, 2025, 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		DRS Devices	Other	Total

2026	$	74.9	25.3	17.3	117.5
2027	61.6		23.2	11.2	96.0
2028	50.5		19.9	5.8	76.2
2029	37.8		13.4	1.3	52.5
2030	29.6		3.6	0.4	33.6
Later years	128.9		—	0.1	129.0
Total lease payments	$	383.3	85.4	36.1	504.8
Less: Interest	89.9		9.3	3.2	102.4
Present value of lease liabilities	$	293.4	76.1	32.9	402.4

As of December 31, 2025, minimum repayments of long-term debt under financing leases were as follows:


(In millions)

2026	$	88.2
2027	78.3
2028	58.6
2029	38.7
2030	28.5
Later years	28.6
Total finance lease payments	$	320.9
Less: Interest	50.5
Present value of finance lease liabilities	$	270.4

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 210.2	$ 174.7	$ 98.3
Net benefit plan adjustments:
Net benefit plan actuarial adjustment	(1.1)	74.5	(3.9)
Net benefit plan prior service adjustment	(9.8)	(18.0)	(11.8)
Net deferred profit sharing adjustment	1.7	(0.6)	0.4
Total benefit plan adjustments	(9.2)	55.9	(15.3)
Net foreign currency translation adjustment	144.4	(183.7)	58.2
Net change on available-for-sale securities	3.4	(6.7)	4.2
Net change on cash flow hedges	(8.0)	(2.1)	(9.4)
Other comprehensive income (loss) before tax	130.6	(136.6)	37.7
Provision (benefit) for income taxes	(13.1)	12.0	(4.5)
Other comprehensive income (loss)	143.7	(148.6)	42.2
Comprehensive income	353.9	26.1	140.5
Less comprehensive income attributable to noncontrolling interests	15.5	11.3	8.3
Comprehensive income attributable to Brink’s	$ 338.4	$ 14.8	$ 132.2

Prepaid Expenses and Other (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 173.8	$ 164.4
Assets held for sale	32.9	34.9
Income tax receivable	24.2	16.9
Sales-type lease inventory	18.2	24.3
Derivative instruments	7.0	24.7
Other	40.0	48.8
Prepaid expenses and other	$ 296.1	$ 314.0

Capital Stock (Details) - USD ($)	3 Months Ended	12 Months Ended
Capital Stock (Details) - USD ($)	Sep. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 10, 2025	Nov. 02, 2023	Oct. 27, 2021
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)		41,100,000	42,900,000
Dividends (dollars per share)	$ 0.2550	$ 1.0075	$ 0.9475	$ 0.8600
Maximum shares allowed for issuance (in shares)		2,000,000.0
Par value (in dollars per share)		$ 10
Repurchase shares of Brink's common stock		$ 209,400,000	$ 203,600,000	$ 169,900,000
750 Million Share Repurchase Program
Subsequent Event [Line Items]
Stock repurchase program amount					$ 750,000,000
500 Million Share Repurchase Program
Subsequent Event [Line Items]
Stock repurchase program amount						$ 500,000,000
Stock repurchased and retired during period (in shares)		2,210,616	2,108,544
Repurchase shares of Brink's common stock		$ 209,400,000	$ 203,600,000
Average price per share (in dollars per share)		$ 94.74	$ 96.54
Stock repurchase program remaining amount		$ 87,000,000
250 Million Share Repurchase Program II
Subsequent Event [Line Items]
Stock repurchase program amount							$ 250,000,000
Stock repurchased and retired during period (in shares)				2,297,955
Repurchase shares of Brink's common stock				$ 169,900,000
Average price per share (in dollars per share)				$ 73.92
Stock repurchase program remaining amount				$ 28,000,000

Capital Stock (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Schedule of Weighted Average Number of Shares

Shares Used to Calculate Earnings per Share


	Years Ended December 31,
(In millions)	2025	2024	2023

Weighted-average shares

Basic(a)	42.2	44.3	46.2
Effect of dilutive stock awards	0.3	0.5	0.7
Diluted(a)	42.5	44.8	46.9

Antidilutive stock excluded from denominator	—	—	0.3

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Event Acquisition of NCR Atleos Corporation ("NCR Atleos") On February 26, 2026, the Company entered into a definitive agreement to acquire NCR Atleos, in a cash and stock transaction valued at approximately $6.6 billion, comprised of 11.5 million shares of Brink's common stock and $2.2 billion in cash, plus the assumption of approximately $2.6 billion of NCR Atleos' indebtedness. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval and other customary closing conditions. The Company is currently evaluating the accounting impact of the transaction. Accordingly, the financial effects of the acquisition have not been reflected in the consolidated financial statements.

Interest and Other Nonoperating Income (Expense) (Tables)

12 Months Ended

Dec. 31, 2025

Interest and Other Income [Abstract]

Schedule of Other Nonoperating Income (Expense)

Interest and Other Nonoperating Income (Expense)


	Years Ended December 31,
(In millions)	2025		2024	2023

Interest income	$	27.3	48.9	36.3
Gain (loss) on equity and debt securities	(3.8)		5.0	(12.8)
Non-income taxes on intercompany billings	(2.6)		(2.1)	(2.6)
Argentina turnover tax	(2.3)		(3.4)	(6.8)
Retirement benefit cost other than service cost	(1.9)		(0.2)	(0.5)
Foreign currency transaction gains (losses)	(1.8)		0.3	(1.1)







Other	(1.0)		0.2	1.9
Interest and other nonoperating income (expense)	$	13.9	48.7	14.4

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2025	Feb. 20, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
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
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		41,152,517
Entity Public Float			$ 3,704,193,507
Document Fiscal Year Focus	2025
Amendment Flag	false
Document Fiscal Period Focus	FY
Entity Central Index Key	0000078890

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 210.2	$ 174.7	$ 98.3
Adjustments to reconcile net income to net cash provided by operating activities:
(Income) loss from discontinued operations, net of tax	0.4	(1.1)	(1.7)
Depreciation and amortization	290.8	293.3	275.8
Share-based compensation expense	26.0	36.5	32.1
Deferred income taxes	21.3	(18.0)	22.7
(Gain) loss on marketable securities, sale of property and equipment and derivatives	23.3	(15.5)	10.9
Impairment losses	8.7	4.8	10.3
Retirement benefit funding (more) less than expense:
Pension	(2.1)	(6.1)	(10.2)
Other than pension	(6.6)	(8.1)	(5.5)
Unrealized foreign currency (gains) losses	10.1	(41.8)	79.1
Other operating	(0.5)	16.0	26.1
Changes in operating assets and liabilities, net of effects of acquisitions:
(Increase) decrease in accounts receivable and income taxes receivable	(1.5)	15.6	69.0
Increase (decrease) in accounts payable, income taxes payable and accrued liabilities	(6.4)	122.4	(36.3)
Increase (decrease) in restricted cash held for customers	46.1	(42.9)	59.5
Increase (decrease) in customer obligations	16.5	(77.7)	66.0
(Increase) decrease in prepaid and other current assets	15.8	(15.5)	24.6
Other	(12.6)	(10.6)	(18.3)
Net cash provided by operating activities	639.5	426.0	702.4
Cash flows from investing activities:
Capital expenditures	(203.1)	(222.5)	(202.7)
Acquisitions, net of cash acquired	(6.0)	(19.1)	(1.5)
Dispositions, net of cash disposed	0.0	0.0	1.1
Marketable securities:
Purchases	(123.2)	(71.8)	(134.7)
Sales	135.1	57.2	150.4
Cash proceeds from sale of property and equipment	18.5	29.2	18.4
Net change in loans held for investment	7.0	7.1	(11.1)
Net change in economic hedges	(22.1)	4.0	0.0
Other	(8.6)	(0.3)	(0.6)
Discontinued operations	0.0	0.0	0.9
Net cash used in investing activities	(202.4)	(216.2)	(179.8)
Cash flows from financing activities:
Short-term borrowings	78.1	12.9	98.6
Long-term revolving credit facilities: Borrowings	18,103.2	12,857.3	9,265.7
Long-term revolving credit facilities: Repayments	(17,886.2)	(12,865.0)	(9,273.8)
Other long-term debt: Borrowings	43.9	847.4	25.4
Other long-term debt: Repayments	(164.0)	(527.4)	(97.1)
Acquisition of noncontrolling interests	(6.6)	(0.2)	(0.6)
Cash paid for acquisition related settlements and obligations	0.0	(0.8)	(11.1)
Debt financing costs	(1.0)	(10.6)	0.0
Repurchase shares of Brink's common stock	(209.4)	(203.6)	(169.9)
Dividends to:
Shareholders of Brink’s	(42.3)	(41.8)	(39.6)
Noncontrolling interests in subsidiaries	(6.5)	(6.1)	(7.7)
Proceeds from exercise of stock options	0.6	0.0	0.0
Tax withholdings associated with share-based compensation	(21.6)	(18.6)	(8.0)
Other	(2.3)	(1.3)	11.0
Net cash provided by (used in) financing activities	(114.1)	42.2	(207.1)
Effect of exchange rate changes on cash	103.5	(95.2)	(42.4)
Cash, cash equivalents and restricted cash:
Increase	426.5	156.8	273.1
Balance at beginning of period	1,840.4	1,683.6	1,410.5
Balance at end of period	$ 2,266.9	$ 1,840.4	$ 1,683.6

Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Debt


	December 31,
(In millions)	2025		2024

Debt:
Short-term borrowings



Other (year end weighted average interest rate of 4.9% in 2025 and 6.5% in 2024)	$	241.1	149.3
Total short-term borrowings	$	241.1	149.3

Long-term debt
Bank credit facilities:
Term loans (year-end weighted average interest rate of 5.4% in 2025 and 6.2% in 2024)
less unamortized issuance cost of $1.7 million in 2025 and $2.8 million in 2024	$	1,223.3	1,292.2
Senior unsecured notes (year-end effective interest rate of 4.6% for "2027 Senior Unsecured Notes", 6.5% for "2029 Senior Unsecured Notes" and 6.8% for "2032 Senior Unsecured Notes" respectively in 2025 and 2024)
less unamortized issuance cost of $9.6 million in 2025 and $12.2 million in 2024	1,390.4		1,387.8
Revolving Credit Facility (year-end weighted average interest rate of 5.5% in 2025 and 6.2% in 2024)	420.0		399.7




Other facilities (year-end weighted-average interest rate of 4.3% in 2025 and 5.8% in 2024)(a)	669.1		432.1
Financing leases (year-end weighted-average interest rate of 7.1% in 2025 and 6.7% in 2024)	270.4		235.1
Total long-term debt	$	3,973.2	3,746.9

Total Debt	$	4,214.3	3,896.2

Included in:
Current liabilities	$	404.2	291.0
Noncurrent liabilities	3,810.1		3,605.2
Total debt	$	4,214.3	3,896.2

(a)Includes Other Revolving Credit Facilities of $557 million at December 31, 2025 and $359 million at December 31, 2024.

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, 2025, $580 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, 2025. The margin on alternate base rate borrowings, which can range from 0.25% to 0.75%, was 0.50% as of December 31, 2025. 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, 2025.

Senior Unsecured Notes

In June 2024, we issued at par five-year senior unsecured notes (the "2029 Senior Unsecured Notes") in the aggregate principal amount of $400 million. The 2029 Senior Unsecured Notes will mature on June 15, 2029, and bear an annual interest rate of 6.5%. The 2029 Senior Unsecured 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 June 2024, we issued at par eight-year senior unsecured notes (the "2032 Senior Unsecured Notes") in the aggregate principal amount of $400 million. The 2032 Senior Unsecured Notes will mature on June 15, 2032, and bear an annual interest rate of 6.75%. The 2032 Senior Unsecured 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 "2027 Senior Unsecured Notes") in the aggregate principal amount of $600 million. The 2027 Senior Unsecured Notes will mature on October 15, 2027, bearing an annual interest rate of 4.625%. The 2027 Senior Unsecured 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 2027 Senior Unsecured Notes, the 2029 Senior Unsecured Notes, and the 2032 Senior Unsecured Notes (the "Senior Unsecured Notes") have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The notes were offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption 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 2027 Senior Unsecured Notes were used in part to repay certain prior indebtedness and certain fees and expenses related to the closing of certain transactions. The remaining borrowings were used for working capital needs, capital expenditures, acquisitions and other general corporate purposes. The aggregate proceeds from the 2029 Senior Unsecured Notes and 2032 Senior Unsecured Notes were used to redeem the $400 million outstanding principal amount of our five-year senior unsecured notes issued in June 2020 (the "2025 Senior Unsecured Notes") prior to maturity and to repay a portion of the outstanding indebtedness under our Revolving Credit Facility. Before applying a portion of the net proceeds from this offering to redeem or repurchase the 2025 Senior Unsecured Notes as described above, we used such portion of the net proceeds for general corporate purposes and to temporarily repay additional amounts outstanding under our Revolving Credit Facility.

Other Facilities

Other facilities consists primarily of revolving credit facilities in our North America, Latin America and Europe segments ("Other Revolving Credit Facilities"). On an aggregate basis, borrowings under these facilities total $761 million with an additional $84 million available as of December 31, 2025, including $204 million in Short-term borrowings and $557 million in Other long-term debt. Maturity dates of the long-term facilities range from July 2027 to June 2028 and interest rates range from 3.70% to 5.00%. Borrowings under these facilities are secured by cash and certain receivables held by Brink's. In July 2024, we increased the capacity of the largest of these credit facilities from $250 million to $500 million.

Minimum repayments of long-term debt are as follows:


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

2026	$	72.7	90.4	163.1
2027	67.4		2,645.6	2,713.0
2028	51.9		136.7	188.6
2029	35.0		418.1	453.1
2030	26.6		11.4	38.0
Later years	16.8		411.9	428.7
Total	$	270.4	3,714.1	3,984.5

The Senior Secured Credit Facility, Senior Unsecured Notes, Other Revolving Credit Facilities, and other debt facilities contain various financial and other covenants. The 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 of these covenants at December 31, 2025.

Financing Leases

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


	December 31,
(In millions)	2025		2024

Asset class:
Buildings	$	33.5	7.8
Vehicles	330.3		347.8
Machinery and equipment	186.2		122.6
	550.0		478.2
Less: accumulated amortization	(223.8)		(196.9)
Total	$	326.2	281.3

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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+ Details

Other Long-term Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Workers’ compensation and other claims	$ 76.6	$ 75.7
Asset retirement and remediation obligations	36.0	33.8
Acquisition-related obligations	25.4	23.3
Derivative instruments	29.8	21.7
Noncurrent transformation-related liabilities(a)	25.9	0.0
Noncurrent tax liabilities	17.3	18.0
Deferred compensation	12.1	12.6
Post-employment benefits	6.9	6.5
Other	49.0	40.0
Other long-term liabilities	$ 279.0	$ 231.6