Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 21, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'BRINKS CO | ' | ' |
Entity Central Index Key | '0000078890 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $1,220,954,365 |
Entity Common Stock, Shares Outstanding | ' | 48,425,029 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $255.50 | $201.70 |
Accounts Receivable, Net, Current | 622.2 | 612.3 |
Prepaid expenses and other | 153 | 122.1 |
Deferred income taxes | 72 | 59.4 |
Total current assets | 1,102.70 | 995.5 |
Property and equipment, net | 758.7 | 793.8 |
Goodwill | 240.2 | 243.8 |
Other Intangibles | 46.3 | 56.1 |
Deferred income taxes | 251.7 | 385.3 |
Other | 98.4 | 79.4 |
Total assets | 2,498 | 2,553.90 |
Current liabilities: | ' | ' |
Short-term borrowings | 80.9 | 26.7 |
Current maturities of long-term debt | 24.6 | 27 |
Accounts payable | 185.6 | 172.8 |
Accrued liabilities | 507.5 | 516.5 |
Total current liabilities | 798.6 | 743 |
Long-term debt | 330.5 | 335.6 |
Accrued pension costs | 214.8 | 397.8 |
Retirement benefits other than pensions | 186 | 304.6 |
Deferred income taxes | 18 | 18.7 |
Other | 170.6 | 177.4 |
Total liabilities | 1,718.50 | 1,977.10 |
Commitments and contingent liabilities | ' | ' |
The Brink's Company (Brink's) shareholders' equity: | ' | ' |
Common stock | 48.4 | 47.8 |
Capital in excess of par value | 566.4 | 568.3 |
Retained earnings | 696.4 | 659.1 |
Benefit plan adjustments | -478 | -665.1 |
Foreign currency translation | -141.5 | -109.9 |
Unrealized gains on available-for-sale securities | 1.6 | 1.6 |
Gains On Cash Flow Hedges | 0.6 | ' |
Accumulated other comprehensive loss | -617.3 | -773.4 |
Brink's shareholders | 693.9 | 501.8 |
Noncontrolling interests | 85.6 | 75 |
Total equity | 779.5 | 576.8 |
Total liabilities and equity | $2,498 | $2,553.90 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets Parenthetical (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, except Per Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for Doubtful Accounts Receivable, Current | $8.20 | $9.20 |
Par value | $1 | $1 |
Shares authorized | 100 | 100 |
Shares issued and outstanding | 48.4 | 47.8 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Revenues | $3,942.20 | $3,735 | $3,662.90 |
Costs and expenses: | ' | ' | ' |
Cost of revenues | 3,197.10 | 3,024.30 | 2,966 |
Selling, general and administrative expenses | 564 | 546.7 | 512.4 |
Total costs and expenses | 3,761.10 | 3,571 | 3,478.40 |
Other operating income (expense) | -9.4 | 11 | 18 |
Operating profit | 171.7 | 175 | 202.5 |
Interest expense | -25.1 | -23.1 | -23.1 |
Interest and other income (expense) | 1.6 | 7.2 | 8.9 |
Income from continuing operations before tax | 148.2 | 159.1 | 188.3 |
Provision (benefit) for income taxes | 52 | 27.1 | 64 |
Income from continuing operations | 96.2 | 132 | 124.3 |
Loss from discontinued operations, net of tax | -15.1 | -22.3 | -25.8 |
Net income (loss) | 81.1 | 109.7 | 98.5 |
Less net income attributable to noncontrolling interests | -24.3 | -20.8 | -24 |
Net income (loss) attributable to Brink's | 56.8 | 88.9 | 74.5 |
Amounts attributable to Brink's: | ' | ' | ' |
Continuing operations | 71.9 | 111.2 | 100.3 |
Discontinued operations | -15.1 | -22.3 | -25.8 |
Net income (loss) attributable to Brink's | $56.80 | $88.90 | $74.50 |
Basic: | ' | ' | ' |
Continuing operations | $1.48 | $2.30 | $2.10 |
Discontinued operations | ($0.31) | ($0.46) | ($0.54) |
Net income (loss) | $1.17 | $1.84 | $1.56 |
Diluted: | ' | ' | ' |
Continuing operations | $1.47 | $2.29 | $2.09 |
Discontinued operations | ($0.31) | ($0.46) | ($0.54) |
Net income (loss) | $1.16 | $1.83 | $1.55 |
Weighted-average shares | ' | ' | ' |
Basic | 48.7 | 48.4 | 47.8 |
Diluted | 49 | 48.6 | 48.1 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Income and Comprehensive Income [Abstract] | ' | ' | ' |
Net income (loss) | $81.10 | $109.70 | $98.50 |
Benefit plan adjustments: | ' | ' | ' |
Benefit plan experience gains (losses) | 265 | 27.3 | -205.1 |
Benefit plan prior service (costs) credits | 63 | -5.8 | 3.5 |
Deferred profit sharing | -0.3 | 0.5 | 0.4 |
Total benefit plan adjustments | 327.7 | 22 | -201.2 |
Foreign currency translation adjustments | -32.8 | 3.4 | -50.5 |
Unrealized gains (losses) on available-for-sale securities | 0.1 | -2.1 | -2.3 |
Gains (losses) on cash flow hedges | 0.6 | 0 | 0 |
Other comprehensive income (loss), before tax | 295.6 | 23.3 | -254 |
Provision (benefit) for income taxes | 141 | 9.3 | -74.4 |
Other comprehensive income (loss) | 154.6 | 14 | -179.6 |
Comprehensive income (loss) | 235.7 | 123.7 | -81.1 |
Less comprehensive income (loss) attributable to noncontrolling interests | 22.5 | 20.3 | 22 |
Comprehensive income (loss) attributable to Brink's | $213.20 | $103.40 | ($103.10) |
Consolidated_Statement_of_Equi
Consolidated Statement of Equity (USD $) | Total | Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests |
In Millions, except Share data, unless otherwise specified | ||||||
Balance at Dec. 31, 2010 | $583.10 | $46.40 | $542.60 | $537.50 | ($610.30) | $66.90 |
Balance, Shares at Dec. 31, 2010 | ' | 46,400,000 | ' | ' | ' | ' |
Net income (loss) | 98.5 | ' | ' | 74.5 | ' | 24 |
Other comprehensive income (loss), net of tax | -179.6 | ' | ' | ' | -177.6 | -2 |
Dividends: | ' | ' | ' | ' | ' | ' |
Brink's common shareholders, value | -18.7 | ' | ' | -18.7 | ' | ' |
Noncontrolling interests | -16.1 | ' | ' | ' | ' | -16.1 |
Stock options and awards: | ' | ' | ' | ' | ' | ' |
Compensation expense | 6.2 | ' | 6.2 | ' | ' | ' |
Consideration from exercise of stock options, shares | -562,000 | 600,000 | ' | ' | ' | ' |
Consideration from exercise of stock options, value | 11.7 | 0.6 | 11.1 | ' | ' | ' |
Reduction in excess tax benefit of stock compensation | 1.1 | ' | 1.1 | ' | ' | ' |
Other share-based benefit programs, value | -5.4 | -0.1 | -1.5 | -3.8 | ' | ' |
Other Share Based Programs Shares | ' | -100,000 | ' | ' | ' | ' |
Business acquisitions | -0.8 | ' | ' | ' | ' | -0.8 |
Capital contributions from noncontrolling interest | 0.8 | ' | ' | ' | ' | 0.8 |
Balance at Dec. 31, 2011 | 482.4 | 46.9 | 559.5 | 589.5 | -787.9 | 74.4 |
Balance, Shares at Dec. 31, 2011 | ' | 46,900,000 | ' | ' | ' | ' |
Net income (loss) | 109.7 | ' | ' | 88.9 | ' | 20.8 |
Other comprehensive income (loss), net of tax | 14 | ' | ' | ' | 14.5 | -0.5 |
Shares contributed to pension plan | 361,446 | 400,000 | ' | ' | ' | ' |
Aggregate value of shares contributed to pension plan | 9 | 0.4 | 8.6 | ' | ' | ' |
Dividends: | ' | ' | ' | ' | ' | ' |
Brink's common shareholders, value | -19 | ' | ' | -19 | ' | ' |
Noncontrolling interests | -13 | ' | ' | ' | ' | -13 |
Stock options and awards: | ' | ' | ' | ' | ' | ' |
Compensation expense | 8 | ' | 8 | ' | ' | ' |
Consideration from exercise of stock options, shares | -71,000 | ' | ' | ' | ' | ' |
Consideration from exercise of stock options, value | 1.4 | ' | 1.4 | ' | ' | ' |
Reduction in excess tax benefit of stock compensation | -2.7 | ' | -2.7 | ' | ' | ' |
Other share-based benefit programs, value | -3.5 | 0.5 | -3.7 | -0.3 | ' | ' |
Other Share Based Programs Shares | ' | 500,000 | ' | ' | ' | ' |
Business acquisitions | 0 | ' | ' | ' | ' | ' |
Capital contributions from noncontrolling interest | 0.6 | ' | ' | ' | ' | 0.6 |
Acquisitions of Noncontrolling Interests | 10.1 | ' | 2.8 | ' | ' | 7.3 |
Balance at Dec. 31, 2012 | 576.8 | 47.8 | 568.3 | 659.1 | -773.4 | 75 |
Balance, Shares at Dec. 31, 2012 | ' | 47,800,000 | ' | ' | ' | ' |
Net income (loss) | 81.1 | ' | ' | 56.8 | ' | 24.3 |
Other comprehensive income (loss), net of tax | 154.6 | ' | ' | ' | 156.4 | -1.8 |
Dividends: | ' | ' | ' | ' | ' | ' |
Brink's common shareholders, value | -19.2 | ' | ' | -19.2 | ' | ' |
Noncontrolling interests | -6 | ' | ' | ' | ' | -6 |
Stock options and awards: | ' | ' | ' | ' | ' | ' |
Compensation expense | 9.9 | ' | 9.9 | ' | ' | ' |
Consideration from exercise of stock options, shares | -302,000 | 300,000 | ' | ' | ' | ' |
Consideration from exercise of stock options, value | 6.7 | 0.3 | 6.4 | ' | ' | ' |
Reduction in excess tax benefit of stock compensation | -2.8 | ' | -2.8 | ' | ' | ' |
Other share-based benefit programs, value | -3.6 | 0.3 | -3.6 | -0.3 | ' | ' |
Other Share Based Programs Shares | ' | 300,000 | ' | ' | ' | ' |
Capital contributions from noncontrolling interest | 0.5 | ' | ' | ' | ' | 0.5 |
Acquisitions of Noncontrolling Interests | -18.5 | ' | -11.8 | ' | -0.3 | -6.4 |
Balance at Dec. 31, 2013 | $779.50 | $48.40 | $566.40 | $696.40 | ($617.30) | $85.60 |
Balance, Shares at Dec. 31, 2013 | ' | 48,400,000 | ' | ' | ' | ' |
Parenthetical_Data_To_The_Cons
Parenthetical Data To The Consolidated Statement of Equity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Dividends: | ' | ' | ' |
Brink's common shareholders per share declared | $0.40 | $0.40 | $0.40 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | $81.10 | $109.70 | $98.50 |
Adjustments to reconcile net income to net cash provided (used) by operating activities: | ' | ' | ' |
Loss from discontinued operations, net of tax | 15.1 | 22.3 | 25.8 |
Depreciation and amortization | 173.6 | 155.7 | 148.1 |
Share-based compensation expense | 9.9 | 8 | 6.2 |
Deferred income taxes | -34.6 | -43.4 | -30.7 |
Sales of available-for-sale securities | -0.4 | -2.9 | -4.4 |
Sales of property and other assets | -2.4 | -7.6 | -7.9 |
Business acquisitions and dispositions | -2.8 | -0.8 | -0.4 |
Bargain purchase gain | 0 | 0 | -2.1 |
Impairment losses | 2.9 | 2.4 | 2.4 |
Retirement benefit funding (more) less than expense: | ' | ' | ' |
Pension | 7 | -5.4 | 4.6 |
Other than pension | 15 | 22.3 | 11.6 |
Loss on Venezuela currency devaluation | 13.4 | 0 | 0 |
Other operating | 2.4 | 11.7 | 10.1 |
Changes in operating assets and liabilities, net of effects of acquisitions: | ' | ' | ' |
Accounts receivable | -73.3 | -71.8 | -53 |
Accounts payable, income taxes payable and accrued liabilities | 31.4 | 23 | 58.1 |
Customer obligations | -9.8 | 15.7 | -11.7 |
Prepaid and other current assets | -22.2 | 6.8 | -14.2 |
Other | -10.2 | 9.7 | 9.4 |
Discontinued operations | 5.4 | -4.9 | -3.4 |
Net cash provided (used) by operating activities | 201.5 | 250.5 | 247 |
Cash flows from investing activities: | ' | ' | ' |
Capital expenditures | -177.7 | -177.9 | -183.7 |
Acquisitions | -18.1 | -17.2 | -3 |
Available-for-sale secuirties: | ' | ' | ' |
Purchases | 0 | 0 | -0.5 |
Sales | 9.9 | 15.4 | 12.9 |
Cash proceeds from sale of property, equipment and investments | 5.9 | 12.5 | 13.9 |
Redemption of cash-surrender value of life insurance policies | 0 | 6.2 | 0 |
Other | -0.5 | 4.9 | 0.6 |
Discontinued operations | 57.5 | -11.2 | -12 |
Net cash used by investing activities | -123 | -167.3 | -171.8 |
Cash flows from financing activities: | ' | ' | ' |
Short-term debt | 60.5 | 3.3 | -7.2 |
Long-term revolving credit facilities | 13.8 | -4.5 | -107 |
Issuance of private placement notes | 0 | 0 | 100 |
Borrowings | 3.8 | 9.7 | 0 |
Repayments | -27.3 | -29.7 | -29.3 |
Cash proceeds from sale-leaseback transactions | 0 | 0 | 17.6 |
Acquisition of noncontrolling interests in subsidiaries | -18.5 | -9.4 | 0 |
Payment of acquisition-related obligation | -12.8 | 0 | 0 |
Debt financing costs | -0.1 | -1.5 | -0.6 |
Repurchase shares of common stock of Brink's | 0 | 0 | 0 |
Dividends to: | ' | ' | ' |
Shareholders of Brink's | -19.2 | -19 | -18.7 |
Noncontrolling interests in subsidiaries | -6 | -13 | -16.1 |
Proceeds from exercise of stock options | 6.7 | 1.4 | 5.9 |
Minimum tax withholdings associated with share-based compensation | -3.5 | -5.6 | -2.7 |
Other | -0.9 | 0.5 | 1.1 |
Discontinued operations | -2.5 | -0.2 | -10.2 |
Net cash provided (used) by financing activities | -6 | -68 | -67.2 |
Effect of exchange rate changes on cash | -18.7 | 3.6 | -8.1 |
Cash and cash equivalents: | ' | ' | ' |
Increase (decrease) | 53.8 | 18.8 | -0.1 |
Balance at beginning of period | 201.7 | 182.9 | 183 |
Balance at end of period | $255.50 | $201.70 | $182.90 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Summary of Significant Accounting Policies [Abstract] | ' | |||
Summary of Significant Accounting Policies [Text Block] | ' | |||
Note 1 – Summary of Significant Accounting Policies | ||||
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 secure transportation, cash management services and other security-related services to banks and 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. | ||||
Principles of Consolidation | ||||
The consolidated financial statements include the accounts of Brink's and the subsidiaries it controls. 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. Our interest in 20% to 50% owned companies that are not controlled are accounted for using the equity method (“equity affiliates”), unless we do not sufficiently influence the management of the investee. Other investments are accounted for as cost-method investments or as available-for-sale. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||
Accounting Adjustments | ||||
Accounting adjustments that correct earnings reported for previous years have been included in our 2011 earnings. The adjustments decreased income from continuing operations in 2011 by $7.8 million, after tax. Prior years' financial results have not been restated because the amounts are not material. The adjustments did not affect earnings trends for the consolidated financial statements including our operating segments. Cash flows were not affected by these accounting corrections. | ||||
Revenue Recognition | ||||
Revenue is recognized when services related to armored vehicle transportation, ATM services, cash management services, payment services, guarding and the secure international transportation of valuables are performed. Customer contracts have prices that are fixed and determinable and we assess the customer's ability to meet the contractual terms, including payment terms, before entering into contracts. Customer contracts generally are automatically extended after the initial contract period until either party terminates the agreement. Taxes collected from customers and remitted to governmental authorities are not included in revenues in the consolidated statements of income. | ||||
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 includes amounts held by certain of our secure cash management services operations for customers 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 11). | ||||
Trade Accounts Receivable | ||||
Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is our best estimate of the amount of probable credit losses on our existing accounts receivable. We determine the allowance based on historical write-off experience. We review our allowance for doubtful accounts quarterly. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. | ||||
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 capital 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. | ||||
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 lease term. Renewal periods are included in the lease term when the renewal is determined to be reasonably assured. | ||||
Part of the costs related to the development or purchase of internal-use software is capitalized and amortized over the estimated useful life of the software. Costs that are capitalized include external direct costs of materials and services to develop or obtain the software, and internal costs, including compensation and employee benefits for employees directly associated with a software development project. | ||||
Estimated Useful Lives | Years | |||
Buildings | 16 to 25 | |||
Building leasehold improvements | 3 to 10 | |||
Vehicles | 3 to 10 | |||
Capitalized software | 3 to 5 | |||
Other machinery and equipment | 3 to 10 | |||
Expenditures for routine maintenance and repairs on property and equipment are charged to expense. Major renewals, betterments and modifications are capitalized and depreciated over the lesser of the remaining life of the asset or, if applicable, the lease term. | ||||
Goodwill and Other Intangible Assets | ||||
Goodwill 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, covenants not to compete, trademarks and other identifiable intangibles. At December 31, 2013, finite-lived intangible assets have remaining useful lives ranging from 1 to 14 years and are amortized based on the pattern in which the economic benefits are used or on a straight-line basis. | ||||
Impairment of Long-Lived Assets | ||||
Goodwill is not amortized but is tested at least annually for impairment at the reporting unit level, which is at the operating segment level or one level below an operating segment. Goodwill is assigned to one or more reporting units at the date of acquisition. Our reporting units are Latin America; EMEA; North America and Asia Pacific. The goodwill impairment test is performed at October 1 of each year. For the annual test, we have the option of performing a qualitative assessment to determine whether reporting unit fair values exceed their carrying amounts or bypassing the qualitative assessment and performing a quantitative analysis. Indefinite-lived intangibles are also tested for impairment at least annually by comparing the carrying value of indefinite-lived intangible assets to their estimated fair values. We base our estimates of fair value on projected future cash flows. | ||||
We completed goodwill impairment tests during each of the last three years with no impairment charges required. 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 FASB 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. In non-U.S. locations where the cash flow matching method is not possible, rates of local high-quality long-term corporate bonds are used to select the discount rate. | ||||
We used Mercer's Above-Mean Curve to determine the discount rates for the year-end benefit obligation in both 2013 and 2012. We used the Regular Mercer Yield Curve in 2011 to determine the discount rates for the benefit obligation. | ||||
We select the expected long-term rate of return assumption for our U.S. pension plan and retiree medical plans using advice from an investment advisor and an actuary. The selected rate considers plan asset allocation targets, expected overall investment manager performance and long-term historical average compounded rates of return. | ||||
Benefit plan experience gains and losses are recognized in other comprehensive income (loss). Accumulated net benefit plan experience 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. | ||||
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. Non-monetary assets and liabilities do not fluctuate with changes in local currency exchange rates to the dollar. | ||||
Venezuela | ||||
Brink's Venezuela accounted for $447 million or 11% of total Brink's revenues and represented a significant component of total segment operating profit in 2013. At December 31, 2013, we had investments in our Venezuelan operations of $125.3 million on an equity-method basis. At December 31, 2013, we had bolivar denominated net monetary assets of $120.4 million, including $93.8 million of cash and cash equivalents denominated in bolivars. | ||||
The economy in Venezuela has had significant inflation in the last several years. We consolidate our Venezuelan results using our accounting policy for subsidiaries operating in highly inflationary economies. | ||||
Since 2003, the Venezuelan government has controlled the exchange of local currency into other currencies, including the U.S. dollar. The Venezuelan government requires that currency exchanges be made at official rates established by the government instead of allowing open markets to determine currency rates. Different official rates exist for different industries and purposes. The government does not approve all requests to convert bolivars to other currencies. | ||||
The government devalued the official rate for essential services in February 2013 to 6.3 bolivars to the dollar. In January 2014, the government expanded an alternate process to obtain dollars for travel and certain other purposes. Rates obtained by the alternate process were reported to be 11.3 bolivars to U.S. dollars in December 2013. | ||||
Since the February 2013 devaluation, we have been unable to obtain dollars using either process. We do not expect to be able to obtain dollars using either process in the foreseeable future. There are other legal, but irregular and highly illiquid, mechanisms for converting bolivars. | ||||
As a result of these restrictions, we have been unable to obtain sufficient U.S. dollars to purchase certain imported supplies and fixed assets to fully operate our business in Venezuela, and as a result, have occasionally purchased more expensive, locally denominated supplies and fixed assets. The restrictions also prevent us from repatriating earnings and from being fully compensated for intercompany services. | ||||
Through January 31, 2013, we used an official rate of 5.3 bolivars to the dollar to remeasure our bolivar denominated monetary assets and liabilities into U.S. dollars and to translate our revenue and expenses. After the devaluation in February 2013, we began to use the 6.3 official exchange rate to remeasure bolivar denominated monetary assets and liabilities and to translate our revenue and expenses. As a result of the devaluation, we recognized a $13.4 million net remeasurement loss in 2013. | ||||
Concentration of Credit Risks | ||||
We routinely assess the financial strength of significant customers and this assessment, combined with the large number and geographic diversity of our customers, limits our concentration of risk with respect to accounts receivable. Financial instruments which potentially subject us to concentrations of credit risks are principally cash and cash equivalents and accounts receivables. Cash and cash equivalents are held by major financial institutions. | ||||
Use of Estimates | ||||
In accordance with U.S. generally accepted accounting principles (“GAAP”), we have made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements. Actual results could differ materially from those estimates. The most significant estimates are related to goodwill, intangibles and other long-lived assets, pension and other retirement benefit assets and obligations, legal contingencies, deferred tax assets, purchase price allocations and foreign currency translation. | ||||
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 in active markets that are accessible at the measurement date for identical assets and liabilities. | ||||
Level 2: Observable prices that are based on inputs not quoted on active markets, but are corroborated by market data. | ||||
Level 3: Unobservable inputs are used when little or no market data is available. | ||||
Segment_Information
Segment Information | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segment Reporting [Abstract] | ' | |||||||||
Segment information | ' | |||||||||
Note 2 – 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 based on operating profit or loss for the geographic components of Brink's, excluding non-segment expenses. | ||||||||||
We have four geographic operating segments: Latin America; Europe, Middle East and Africa (“EMEA”); North America and Asia Pacific. For the year ended December 31, 2012, we had two reportable segments: North America and International (aggregating Latin America, EMEA and Asia Pacific into International). Effective December 31, 2013, we changed our reportable segments to Latin America; EMEA; North America and Asia Pacific. We changed our reportable segments as we decided we no longer meet all the aggregation criteria set forth in ASC 280, Segment Reporting primarily due to continued economic divergence and political changes in certain Latin American countries. | ||||||||||
We currently serve customers in more than 100 countries, including 43 countries where we operate subsidiaries. | ||||||||||
The primary services of the reportable segments include: | ||||||||||
Cash-in-Transit (“CIT”) Services – armored vehicle transportation of valuables | ||||||||||
ATM Services – replenishing and maintaining customers' automated teller machines; providing network infrastructure services | ||||||||||
Global Services – secure international transportation of valuables | ||||||||||
Cash Management Services | ||||||||||
currency and coin counting and sorting; deposit preparation and reconciliations; other cash management services | ||||||||||
Safe and safe control device installation and servicing (including our patented CompuSafe® service) | ||||||||||
Check and cash processing services for banking customers (“Virtual Vault Services”) | ||||||||||
Check imaging services for banking customers | ||||||||||
Payment Services – bill payment and processing services on behalf of utility companies and other billers at any of our Brink's or Brink's operated payment locations in Latin America; Brink's Money™ prepaid payroll cards; Brink's Checkout e-commerce online payment services | ||||||||||
Security and Guarding Services – protection of airports, offices, and certain other locations in Europe with or without electronic surveillance, access control, fire prevention and highly trained patrolling personnel | ||||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Revenues by Business Segment | ||||||||||
Latin America | $ | 1,720.70 | 1,579.40 | 1,460.70 | ||||||
EMEA | 1,178.30 | 1,125.90 | 1,143.00 | |||||||
North America | 898.4 | 893.3 | 923.4 | |||||||
Asia Pacific | 144.8 | 136.4 | 135.8 | |||||||
Total | $ | 3,942.20 | 3,735.00 | 3,662.90 | ||||||
Operating Profit by Business Segment | ||||||||||
Latin America | $ | 149.9 | 135.1 | 143.5 | ||||||
EMEA | 81.5 | 88.1 | 73.4 | |||||||
North America | 4.7 | 31.9 | 30.3 | |||||||
Asia Pacific | 16.7 | 8.8 | 15.1 | |||||||
Business segments | 252.8 | 263.9 | 262.3 | |||||||
Non-segment | -81.1 | -88.9 | -59.8 | |||||||
Total | $ | 171.7 | 175 | 202.5 | ||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Capital Expenditures by Business Segment | ||||||||||
Latin America | $ | 88.7 | 83.8 | 85 | ||||||
EMEA | 33.9 | 40.1 | 47.3 | |||||||
North America | 52.1 | 48.2 | 44.2 | |||||||
Asia Pacific | 3 | 5.8 | 7.2 | |||||||
Total | $ | 177.7 | 177.9 | 183.7 | ||||||
Depreciation and Amortization by Business Segment | ||||||||||
Depreciation and amortization of property and equipment: | ||||||||||
Latin America | 57.1 | 47.5 | 41.4 | |||||||
EMEA | 47.2 | 41.1 | 44.1 | |||||||
North America | 58 | 55.1 | 50.1 | |||||||
Asia Pacific | 4.8 | 4.8 | 3.8 | |||||||
Property and equipment | 167.1 | 148.5 | 139.4 | |||||||
Amortization of intangible assets: | ||||||||||
Latin America | 3.7 | 3.2 | 3.9 | |||||||
EMEA | 1.6 | 2.6 | 2.9 | |||||||
North America | 0.2 | 0.3 | 0.7 | |||||||
Asia Pacific | 1 | 1.1 | 1.2 | |||||||
Total | $ | 173.6 | 155.7 | 148.1 | ||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Assets held by Business Segment | ||||||||||
Latin America | $ | 1,044.00 | 880.9 | 761 | ||||||
EMEA | 672.6 | 681.3 | 669.4 | |||||||
North America | 426.6 | 480.5 | 468.6 | |||||||
Asia Pacific | 108.1 | 146.3 | 135.5 | |||||||
Business Segments | 2,251.30 | 2,189.00 | 2,034.50 | |||||||
Non-segment | 246.7 | 364.9 | 371.7 | |||||||
Total | $ | 2,498.00 | 2,553.90 | 2,406.20 | ||||||
Long-Lived Assets by Geographic Area(a) | ||||||||||
Non-U.S.: | ||||||||||
France | $ | 161.8 | 163.5 | 149.9 | ||||||
Mexico | 148.1 | 145.3 | 123.9 | |||||||
Venezuela | 47.7 | 46.7 | 43.5 | |||||||
Brazil | 107.9 | 95.6 | 100.9 | |||||||
Canada | 50.7 | 90.8 | 87.3 | |||||||
Other | 335 | 348.8 | 338.1 | |||||||
Subtotal | 851.2 | 890.7 | 843.6 | |||||||
United States | 194 | 203 | 200.8 | |||||||
Total | $ | 1,045.20 | 1,093.70 | 1,044.40 | ||||||
(a) Long-lived assets include property and equipment, net; goodwill; and other intangible assets, net. | ||||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Revenues by Geographic Area(a) | ||||||||||
Outside the U.S.: | ||||||||||
France | $ | 542.5 | 535.5 | 545.2 | ||||||
Mexico | 450.4 | 424 | 415.2 | |||||||
Venezuela | 447.1 | 342.6 | 269.2 | |||||||
Brazil | 392 | 388.3 | 386.8 | |||||||
Canada | 190.9 | 186.6 | 189.9 | |||||||
Other | 1,211.80 | 1,151.30 | 1,123.10 | |||||||
Subtotal | 3,234.70 | 3,028.30 | 2,929.40 | |||||||
United States | 707.5 | 706.7 | 733.5 | |||||||
Total | $ | 3,942.20 | 3,735.00 | 3,662.90 | ||||||
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) | 2013 | 2012 | 2011 | |||||||
Net assets outside the U.S. | ||||||||||
Latin America | $ | 479.4 | 438.2 | 376.9 | ||||||
EMEA | 291.4 | 272.1 | 283.4 | |||||||
Asia Pacific | 72.7 | 89.1 | 85.8 | |||||||
Canada | 69.3 | 43.2 | 56.8 | |||||||
Total | $ | 912.8 | 842.6 | 802.9 | ||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Information about Unconsolidated Equity Affiliates held by segments: | ||||||||||
Carrying value of investments at year end | ||||||||||
Latin America | $ | 13.5 | 13.8 | 11.2 | ||||||
Asia Pacific | 2.3 | 1.8 | 1.6 | |||||||
Total | $ | 15.8 | 15.6 | 12.8 | ||||||
Share of earnings included in Brink's consolidated earnings during the year | ||||||||||
Latin America | $ | 6 | 5.8 | 4.7 | ||||||
EMEA | - | - | -0.1 | |||||||
Asia Pacific | 0.7 | 0.2 | 0.2 | |||||||
Total | $ | 6.7 | 6 | 4.8 | ||||||
Undistributed earnings at year end | ||||||||||
Latin America | $ | 3.5 | 8.4 | 6.6 | ||||||
Asia Pacific | 0.8 | 0.4 | 0.5 | |||||||
Total | $ | 4.3 | 8.8 | 7.1 | ||||||
Retirement_Benefits
Retirement Benefits | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||
Retirement benefits | ' | |||||||||||||||||
Note 3 – 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. | ||||||||||||||||||
Components of Net Periodic Pension Cost | ||||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||
Service cost | $ | - | - | - | $ | 15 | 11.1 | 10.2 | $ | 15 | 11.1 | 10.2 | ||||||
Interest cost on projected benefit obligation | 42.2 | 43.8 | 46.2 | 19.1 | 19.1 | 16.9 | 61.3 | 62.9 | 63.1 | |||||||||
Return on assets – expected | -56.9 | -60 | -65 | -12.9 | -12.2 | -12 | -69.8 | -72.2 | -77 | |||||||||
Amortization of losses | 45.1 | 39.5 | 28.2 | 6.1 | 4 | 2.8 | 51.2 | 43.5 | 31 | |||||||||
Amortization of prior service cost | - | - | - | 0.8 | 2 | 1.5 | 0.8 | 2 | 1.5 | |||||||||
Settlement loss | 0.1 | 5 | - | 2.6 | 3.3 | 2.2 | 2.7 | 8.3 | 2.2 | |||||||||
Net periodic pension cost | $ | 30.5 | 28.3 | 9.4 | $ | 30.7 | 27.3 | 21.6 | $ | 61.2 | 55.6 | 31 | ||||||
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, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Benefit obligation at beginning of year | $ | 1,031.30 | 990.7 | 392.3 | 306.9 | 1,423.60 | 1,297.60 | |||||||||||
Service cost | - | - | 15 | 11.1 | 15 | 11.1 | ||||||||||||
Interest cost | 42.2 | 43.8 | 19.1 | 19.1 | 61.3 | 62.9 | ||||||||||||
Participant contributions | - | - | 3.8 | 3.5 | 3.8 | 3.5 | ||||||||||||
Plan amendments | - | - | -4.9 | 11.7 | -4.9 | 11.7 | ||||||||||||
Curtailments | - | - | -0.2 | -0.4 | -0.2 | -0.4 | ||||||||||||
Settlements | -0.5 | -13.9 | -2 | -3.2 | -2.5 | -17.1 | ||||||||||||
Benefits paid | -43.6 | -42.3 | -18.8 | -22 | -62.4 | -64.3 | ||||||||||||
Actuarial (gains) losses | -94.5 | 53 | -8 | 54.9 | -102.5 | 107.9 | ||||||||||||
Foreign currency exchange effects | - | - | -5.9 | 10.7 | -5.9 | 10.7 | ||||||||||||
Benefit obligation at end of year | $ | 934.9 | 1,031.30 | 390.4 | 392.3 | 1,325.30 | 1,423.60 | |||||||||||
Fair value of plan assets at beginning of year | $ | 756.3 | 685.4 | 283 | 230.5 | 1,039.30 | 915.9 | |||||||||||
Return on assets – actual | 85.5 | 89.9 | 16.6 | 34.7 | 102.1 | 124.6 | ||||||||||||
Participant contributions | - | - | 3.8 | 3.5 | 3.8 | 3.5 | ||||||||||||
Employer contributions | 14.1 | 37.2 | 40.1 | 32.8 | 54.2 | 70 | ||||||||||||
Settlements | -0.5 | -13.9 | -2 | -3.2 | -2.5 | -17.1 | ||||||||||||
Benefits paid | -43.6 | -42.3 | -18.8 | -22 | -62.4 | -64.3 | ||||||||||||
Foreign currency exchange effects | - | - | -0.7 | 6.7 | -0.7 | 6.7 | ||||||||||||
Fair value of plan assets at end of year | $ | 811.8 | 756.3 | 322 | 283 | 1,133.80 | 1,039.30 | |||||||||||
Funded status | $ | -123.1 | -275 | -68.4 | -109.3 | -191.5 | -384.3 | |||||||||||
Included in: | ||||||||||||||||||
Noncurrent asset | $ | - | - | -28.6 | -21.9 | -28.6 | -21.9 | |||||||||||
Current liability, included in accrued liabilities | 0.8 | 0.9 | 4.5 | 7.5 | 5.3 | 8.4 | ||||||||||||
Noncurrent liability | 122.3 | 274.1 | 92.5 | 123.7 | 214.8 | 397.8 | ||||||||||||
Net pension liability | $ | 123.1 | 275 | 68.4 | 109.3 | 191.5 | 384.3 | |||||||||||
The 2012 U.S. Plans settlements primarily reflect the lump sum payment due to the retirement of our former chief executive officer. | ||||||||||||||||||
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, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Benefit plan net experience losses recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | -491.9 | -513.3 | -59.7 | -34.6 | -551.6 | -547.9 | |||||||||||
Net experience gains (losses) arising during the year | 123.1 | -23.1 | 11.7 | -32.4 | 134.8 | -55.5 | ||||||||||||
Reclassification adjustment for amortization of | ||||||||||||||||||
prior experience losses included in net income | 45.2 | 44.5 | 8.8 | 7.3 | 54 | 51.8 | ||||||||||||
End of year | $ | -323.6 | -491.9 | -39.2 | -59.7 | -362.8 | -551.6 | |||||||||||
Benefit plan prior service cost recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | - | - | -15.8 | -6.1 | -15.8 | -6.1 | |||||||||||
Prior service credit (cost) from plan amendments | ||||||||||||||||||
during the year | - | - | 4.9 | -11.7 | 4.9 | -11.7 | ||||||||||||
Reclassification adjustment for amortization of | ||||||||||||||||||
prior service cost included in net income | - | - | 0.7 | 2 | 0.7 | 2 | ||||||||||||
End of year | $ | - | - | -10.2 | -15.8 | -10.2 | -15.8 | |||||||||||
Approximately $30.9 million of experience loss and $0.8 million of prior service cost are expected to be amortized from accumulated other comprehensive income (loss) into net periodic pension cost during 2014. | ||||||||||||||||||
The net experience gains in 2013 (the majority attributed to the U.S. plans) were primarily due to the higher discount rates at the end of the year and the actual return on assets being higher than expected. The net experience losses in 2012 were primarily due to the lower discount rate of the U.S. plans, partially offset by the actual return on assets being higher than expected. | ||||||||||||||||||
Information Comparing Plan Assets to Plan Obligations | ||||||||||||||||||
Information comparing plan assets to plan obligations as of December 31, 2013 and 2012 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. | ||||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Pension plans with an accumulated benefit obligation in excess of plan assets: | ||||||||||||||||||
Fair value of plan assets | $ | 811.8 | 756.3 | 38.1 | 137.2 | 849.9 | 893.5 | |||||||||||
Accumulated benefit obligation | 934.9 | 1,031.30 | 103.6 | 223.2 | 1,038.50 | 1,254.50 | ||||||||||||
Projected benefit obligation | 934.9 | 1,031.30 | 135.1 | 268.4 | 1,070.00 | 1,299.70 | ||||||||||||
The ABO for our U.S. pension plans was $934.9 million in 2013 and $1,031.3 million in 2012. The ABO for our Non-U.S. pension plans was $345.3 million in 2013 and $345.1 million in 2012. | ||||||||||||||||||
Assumptions | ||||||||||||||||||
The weighted-average assumptions used in determining the net pension cost and benefit obligations for our pension plans were as follows: | ||||||||||||||||||
U.S. Plans | Non-U.S. Plans | |||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||
Discount rate: | ||||||||||||||||||
Pension cost | 4.20% | 4.60% | 5.30% | 5.30% | 5.40% | 5.80% | ||||||||||||
Benefit obligation at year end | 5.00% | 4.20% | 4.60% | 6.30% | 5.30% | 5.40% | ||||||||||||
Expected return on assets – pension cost | 8.00% | 8.25% | 8.75% | 4.64% | 4.92% | 5.16% | ||||||||||||
Average rate of increase in salaries(a): | ||||||||||||||||||
Pension cost | N/A | N/A | N/A | 3.80% | 3.20% | 3.30% | ||||||||||||
Benefit obligation at year end | N/A | N/A | N/A | 3.90% | 3.80% | 3.20% | ||||||||||||
Salary scale assumptions are determined through historical experience and vary by age and industry. The U.S. plan benefits are frozen. Pension benefits will not increase due to future salary increases. | ||||||||||||||||||
The RP-2000 Combined Healthy Blue Collar mortality table and the RP-2000 Combined Healthy White Collar mortality table were used to estimate the expected lives of participants in the U.S. pension plans. Expected lives of participants in non-U.S. pension plans were estimated using mortality tables in the country of operation. | ||||||||||||||||||
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. In 2014, we expect to contribute $27.3 million to our non-U.S. pension plans, $25.9 million to our primary U.S. pension plan, and $0.8 million to our nonqualified U.S. pension plan. | ||||||||||||||||||
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, 2013, are as follows: | ||||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
2014 | $ | 47.7 | 14.6 | 62.3 | ||||||||||||||
2015 | 48.9 | 13.7 | 62.6 | |||||||||||||||
2016 | 50 | 16.4 | 66.4 | |||||||||||||||
2017 | 51.5 | 19.1 | 70.6 | |||||||||||||||
2018 | 53.1 | 21.3 | 74.4 | |||||||||||||||
2019 through 2023 | $ | 287.3 | 168.8 | 456.1 | ||||||||||||||
Retirement Benefits Other than Pensions | ||||||||||||||||||
Summary | ||||||||||||||||||
We provide retirement healthcare benefits for eligible current and former U.S., Canadian, and Brazilian employees. Retirement benefits related to our former U.S. coal operation include medical benefits provided by the Pittston Coal Group Companies Employee Benefit Plan for UMWA Represented Employees (the “UMWA plans”) as well as costs related to Black Lung obligations. | ||||||||||||||||||
Components of Net Periodic Postretirement Cost | ||||||||||||||||||
The components of net periodic postretirement cost related to retirement benefits other than pensions were as follows: | ||||||||||||||||||
(In millions) | UMWA Plans | Black Lung and Other Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||
Service cost | $ | - | - | - | $ | 0.3 | 0.6 | - | $ | 0.3 | 0.6 | - | ||||||
Interest cost on APBO | 19.7 | 22.3 | 24 | 1.9 | 2.8 | 2.8 | 21.6 | 25.1 | 26.8 | |||||||||
Return on assets – expected | -20.8 | -21.3 | -25.5 | - | - | - | -20.8 | -21.3 | -25.5 | |||||||||
Amortization of losses | 19.6 | 21 | 14.7 | 0.7 | 1.5 | 0.6 | 20.3 | 22.5 | 15.3 | |||||||||
Amortization of prior service cost | - | - | - | 1.7 | 2 | 2 | 1.7 | 2 | 2 | |||||||||
Net periodic postretirement cost | $ | 18.5 | 22 | 13.2 | $ | 4.6 | 6.9 | 5.4 | $ | 23.1 | 28.9 | 18.6 | ||||||
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, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
APBO at beginning of year | $ | 525.3 | 529.6 | 53 | 60.9 | 578.3 | 590.5 | |||||||||||
Service cost | - | - | 0.3 | 0.6 | 0.3 | 0.6 | ||||||||||||
Interest cost | 19.7 | 22.3 | 1.9 | 2.8 | 21.6 | 25.1 | ||||||||||||
Plan amendments | -55.7 | - | - | -1.9 | -55.7 | -1.9 | ||||||||||||
Benefits paid | -34.2 | -35.7 | -7.1 | -6.6 | -41.3 | -42.3 | ||||||||||||
Medicare subsidy received | 3.1 | 3.2 | - | - | 3.1 | 3.2 | ||||||||||||
Actuarial (gains) losses, net | -31.7 | 5.9 | 0.8 | -2.2 | -30.9 | 3.7 | ||||||||||||
Foreign currency exchange effects | - | - | - | -0.6 | - | -0.6 | ||||||||||||
APBO at end of year | $ | 426.5 | 525.3 | 48.9 | 53 | 475.4 | 578.3 | |||||||||||
Fair value of plan assets at beginning of year | $ | 268.7 | 268 | - | - | 268.7 | 268 | |||||||||||
Employer contributions | 1 | - | 7.1 | 6.6 | 8.1 | 6.6 | ||||||||||||
Return on assets – actual | 45.8 | 33.5 | - | - | 45.8 | 33.5 | ||||||||||||
Benefits paid | -34.2 | -36 | -7.1 | -6.6 | -41.3 | -42.6 | ||||||||||||
Medicare subsidy received | 3.1 | 3.2 | - | - | 3.1 | 3.2 | ||||||||||||
Fair value of plan assets at end of year | $ | 284.4 | 268.7 | - | - | 284.4 | 268.7 | |||||||||||
Funded status | $ | -142.1 | -256.6 | -48.9 | -53 | -191 | -309.6 | |||||||||||
Included in: | ||||||||||||||||||
Current, included in accrued liabilities | $ | - | - | 5 | 5 | 5 | 5 | |||||||||||
Noncurrent | 142.1 | 256.6 | 43.9 | 48 | 186 | 304.6 | ||||||||||||
Retirement benefits other than pension liability | $ | 142.1 | 256.6 | 48.9 | 53 | 191 | 309.6 | |||||||||||
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: | ||||||||||||||||||
Black Lung and Other | ||||||||||||||||||
(In millions) | UMWA Plans | Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Benefit plan net experience gain (loss) recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | -295.7 | -323 | -6.2 | -9.9 | -301.9 | -332.9 | |||||||||||
Net experience gains (losses) arising during the year | 56.7 | 6.3 | -0.8 | 2.2 | 55.9 | 8.5 | ||||||||||||
Reclassification adjustment for amortization of | ||||||||||||||||||
prior experience losses included in net income | 19.6 | 21 | 0.7 | 1.5 | 20.3 | 22.5 | ||||||||||||
End of year | $ | -219.4 | -295.7 | -6.3 | -6.2 | -225.7 | -301.9 | |||||||||||
Benefit plan prior service (cost) credit recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | - | - | -9.4 | -13.3 | -9.4 | -13.3 | |||||||||||
Prior service credit from plan amendments during the year | 55.7 | - | - | 1.9 | 55.7 | 1.9 | ||||||||||||
Reclassification adjustment for amortization or curtailment | ||||||||||||||||||
of prior service cost included in net income | - | - | 1.7 | 2 | 1.7 | 2 | ||||||||||||
End of year | $ | 55.7 | - | -7.7 | -9.4 | 48 | -9.4 | |||||||||||
We estimate that $15.2 million of experience loss and $2.9 million of prior service credit will be amortized from accumulated other comprehensive income (loss) into net periodic postretirement cost during 2014. | ||||||||||||||||||
We recognized a prior service credit in 2013 associated with UMWA obligations due to a plan amendment that changed the plan from a self-insured welfare benefit plan to an employer group waiver plan (“EGWP”), which reduced future expected net per capita claims costs. We recognized net experience gains in 2013 associated with the UMWA obligations primarily related to the higher discount rate, a return on assets being higher than expected and a decrease in the expected obligation related to the excise tax on high-cost health plans. The gain related to the excise tax on high-cost health plans reflects the benefit of lower per capita claims costs from the change to EGWP. | ||||||||||||||||||
We recognized net experience gains in 2012 associated with the UMWA obligations primarily related to the return on assets being higher than expected, partially offset by the lower discount rate and an increase in the expected obligation related to the excise tax on high-cost health plans. | ||||||||||||||||||
Assumptions | ||||||||||||||||||
The APBO for each of the plans was determined using the unit credit method and an assumed discount rate as follows: | ||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||
Weighted-average discount rate: | ||||||||||||||||||
Postretirement cost: | ||||||||||||||||||
UMWA plans | 3.9 | % | 4.4 | % | 5.3 | % | ||||||||||||
Black lung | 3.5 | % | 4.2 | % | 4.8 | % | ||||||||||||
Weighted-average | 3.9 | % | 4.4 | % | 5.2 | % | ||||||||||||
Benefit obligation at year end: | ||||||||||||||||||
UMWA plans | 4.7 | % | 3.9 | % | 4.4 | % | ||||||||||||
Black lung | 4.4 | % | 3.5 | % | 4.2 | % | ||||||||||||
Weighted-average | 4.7 | % | 3.9 | % | 4.4 | % | ||||||||||||
Expected return on assets | 8.25 | % | 8.5 | % | 8.75 | % | ||||||||||||
The RP-2000 Separate, Pre- and Post-retirement Rates, Healthy Blue Collar and Combined Annuitant/Non-Annuitant Blue Collar mortality tables are primarily used to estimate expected lives of participants. | ||||||||||||||||||
Healthcare Cost Trend Rates | ||||||||||||||||||
For UMWA plans, the assumed healthcare cost trend rate used to compute the 2013 APBO is 7.0% for 2014, declining to 5.0% in 2020 and thereafter (in 2012: 7.0% for 2013 declining to 5.0% in 2019 and thereafter). For the black lung obligation, the assumed healthcare cost trend rate used to compute the 2013 APBO was 5.0%. Other plans in the U.S. provide for fixed-dollar value coverage for eligible participants and, accordingly, are not adjusted for inflation. | ||||||||||||||||||
For the Canadian plan, the assumed healthcare cost trend rate used to compute the 2013 APBO is 7.0% for 2014, declining to 5.0% in 2020. For the Brazilian plan, the assumed healthcare cost trend rate used to compute the 2013 APBO is 3.0%. | ||||||||||||||||||
The table below shows the estimated effects of a one percentage-point change in the assumed healthcare cost trend rates for each future year. | ||||||||||||||||||
Effect of Change in Assumed Healthcare Trend Rates | ||||||||||||||||||
(In millions) | Increase 1% | Decrease 1% | ||||||||||||||||
Higher (lower): | ||||||||||||||||||
Service and interest cost in 2013 | $ | 2.3 | -1.9 | |||||||||||||||
APBO at December 31, 2013 | 45.4 | -38.6 | ||||||||||||||||
The Medicare Prescription Drug, Improvement and Modernization Act of 2003 (the “Medicare Act”) provides for a prescription drug benefit under Medicare as well as a federal subsidy to sponsors of retiree healthcare benefit plans that provide a benefit that is at least actuarially equivalent to Medicare prescription drug benefits. Because of the broadness of coverage provided under our UMWA plans, we believe that the plans benefits are at least actuarially equivalent to the Medicare benefits. | ||||||||||||||||||
The estimated effect of the Medicare Act was recorded as a reduction to the APBO for the year ended December 31, 2012, as permitted by FSP 106-2, Accounting and Disclosure Requirements Related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003, included in FASB ASC Topic 715, Compensation – Retirement Benefits. The estimated value of the projected federal subsidy assumed no changes in participation rates and assumed that the subsidy was received in the year after claims were paid. | ||||||||||||||||||
For the year ended December 31, 2013, we changed the way we provide healthcare benefits to our UMWA retirees which are eligible for the Medicare Act subsidy reimbursement. We changed from a self-insured welfare benefit plan to an employer group waiver plan (“EGWP”). Under this new arrangement, a government approved health insurance provider will receive the Medicare Act subsidy reimbursement on our behalf and pass these savings to us. Additionally, by moving to an EGWP, we will be able to benefit from the mandatory 50% discount that pharmaceutical companies must provide for Medicare Act-eligible prescription drugs. The combined savings of the subsidy and the 50% discount are directly reflected in the UMWA APBO for the year ended December 31, 2013. | ||||||||||||||||||
Excise Tax on Administrators by Patient Protection and Affordable Care Act of 2010 | ||||||||||||||||||
A 40% excise tax on third-party benefit plan administrators by the Patient Protection and Affordable Care Act will be imposed on high-cost health plans (“Cadillac plans”) beginning in 2018. We are currently unable to reduce the benefit levels of our UMWA medical plans to avoid this excise tax because these benefit levels are required by the Coal Industry Retiree Health Benefit Act of 1992. We have assumed that the cost of the excise tax paid by administrators will be passed through to us in the form of higher premiums or higher claims administration fees, increasing our obligations. We project that we will have to pay the benefits plan administrator this excise tax beginning in 2018, and our plan obligations at December 31, 2013, include $22.9 million related to this tax ($31.0 million at December 31, 2012). | ||||||||||||||||||
Cash Flows | ||||||||||||||||||
Estimated Contributions from the Company to Plan Assets | ||||||||||||||||||
Based on the funded status and assumptions at December 31, 2013, we expect the Company to contribute $5.0 million in cash to the plans to pay 2014 beneficiary payments for black lung and other plans. We do not expect to contribute cash to our UMWA plans since we believe these plans have sufficient amounts held in trust to pay for beneficiary payments for 2014. 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, 2013, are as follows: | ||||||||||||||||||
(In millions) | UMWA plans | Black lung and other plans | Total | |||||||||||||||
2014 | $ | 31.5 | 5 | 36.5 | ||||||||||||||
2015 | 31.9 | 4.7 | 36.6 | |||||||||||||||
2016 | 31.5 | 4.4 | 35.9 | |||||||||||||||
2017 | 31.3 | 4.1 | 35.4 | |||||||||||||||
2018 | 32.9 | 3.8 | 36.7 | |||||||||||||||
2019 through 2023 | 148.6 | 15.9 | 164.5 | |||||||||||||||
Retirement Plan Assets | ||||||||||||||||||
U.S. Plans | ||||||||||||||||||
The fair value of the Level 3 investments has been estimated using the net asset value per share of the investment. | ||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||
Fair | % | % | % | % | ||||||||||||||
Value | Total Fair | Actual | Target | Total Fair | Actual | Target | ||||||||||||
(In millions, except for percentages) | Level | Value | Allocation | Allocation | Value | Allocation | Allocation | |||||||||||
U.S. Pension Plans | ||||||||||||||||||
Cash, cash equivalents and receivables | $ | 3.8 | - | - | 3.5 | 1 | - | |||||||||||
Equity securities: | ||||||||||||||||||
U.S. large-cap(a) | 1 | 132.1 | 16 | 16 | 227.3 | 30 | 30 | |||||||||||
U.S. small/mid-cap(a) | 1 | 58.6 | 7 | 7 | 60.8 | 8 | 8 | |||||||||||
International(a) | 1 | 114.4 | 14 | 14 | 94.1 | 12 | 12 | |||||||||||
Emerging markets(b) | 1 | 31.7 | 4 | 4 | - | - | - | |||||||||||
Dynamic asset allocation(c) | 1 | 50.2 | 6 | 6 | - | - | - | |||||||||||
Fixed-income securities: | ||||||||||||||||||
Long duration(d) | 1 | 190.8 | 32 | 32 | 139.9 | 24 | 23 | |||||||||||
Long duration(d) | 2 | 65 | 39.1 | |||||||||||||||
High yield(e) | 1 | 24.5 | 3 | 3 | 61.9 | 8 | 8 | |||||||||||
Emerging markets(f) | 1 | 23.2 | 3 | 3 | 30.4 | 4 | 4 | |||||||||||
Other types of investments: | ||||||||||||||||||
Hedge fund of funds(g) | 2 | 37.3 | 5 | 5 | 99.3 | 13 | 15 | |||||||||||
Core property(h) | 2 | 40.2 | 5 | 5 | - | - | - | |||||||||||
Structured credit(i) | 3 | 40 | 5 | 5 | - | - | - | |||||||||||
Total | $ | 811.8 | 100 | 100 | 756.3 | 100 | 100 | |||||||||||
UMWA Plans | ||||||||||||||||||
Equity securities: | ||||||||||||||||||
U.S. large-cap(a) | 1 | $ | 107 | 38 | 37 | 97.2 | 36 | 37 | ||||||||||
U.S. small/mid-cap(a) | 1 | 27.9 | 10 | 9 | 23.7 | 9 | 9 | |||||||||||
International(a) | 1 | 41.8 | 15 | 14 | 39.3 | 15 | 14 | |||||||||||
Fixed-income securities: | ||||||||||||||||||
High yield(e) | 1 | 24.1 | 8 | 8 | 23.1 | 9 | 8 | |||||||||||
Emerging markets(f) | 1 | 10.9 | 4 | 4 | 11.7 | 4 | 4 | |||||||||||
Multi asset real return(j) | 1 | 29.3 | 10 | 13 | 32.8 | 12 | 13 | |||||||||||
Other types of investments: | ||||||||||||||||||
Hedge fund of funds(g) | 2 | 29.2 | 10 | 10 | 40.9 | 15 | 15 | |||||||||||
Core property(h) | 2 | 14.2 | 5 | 5 | - | - | - | |||||||||||
Total | $ | 284.4 | 100 | 100 | 268.7 | 100 | 100 | |||||||||||
These categories include passively managed U.S. large-cap mutual funds and actively managed U.S. small/mid-cap and international mutual funds 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. | ||||||||||||||||||
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. | ||||||||||||||||||
This category represents an actively managed mutual fund that seeks to generate total return over time by selecting investments from among a broad range of asset classes. The fund's allocations among asset classes may be adjusted over short periods and can vary from multiple to a single asset class. | ||||||||||||||||||
This category represents actively managed mutual funds that seeks to duplicate the risk and return characteristics of a long-term fixed-income securities portfolio with an approximate duration of 10 years and longer by using a long duration bond portfolio, including interest-rate swap agreements and Treasury futures contracts, and zero-coupon securities created by the U.S. Treasury, for the purpose of managing the overall duration of this fund. | ||||||||||||||||||
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. | ||||||||||||||||||
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. | ||||||||||||||||||
This category represents an actively managed mutual fund that invests in different hedge-fund investments, with various strategies. The fund holds approximately 40 separate hedge-fund investments. Strategies included (1) long-short equity, (2) event-driven and distressed-debt, (3) global macro, (4) credit hedging, (5) multi-strategy, and (6) fixed-income arbitrage. Its investment objective is to seek to achieve an attractive risk-adjusted return with moderate volatility and moderate directional market exposure over a full market cycle. | ||||||||||||||||||
This category represents an actively managed mutual fund 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. | ||||||||||||||||||
This category represents an actively managed mutual fund that invests primarily in a diversified portfolio comprised primarily of collateralized loan obligations and other structured credit investments backed primarily by bank loans. | ||||||||||||||||||
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. | ||||||||||||||||||
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. | ||||||||||||||||||
Most of our investments of our U.S. retirement plans can be redeemed daily. The hedge-fund-of-funds, core-property and structured-credit investments can be redeemed quarterly with 65 days' notice. The hedge-fund-of-funds investment had a two-year lockup provision that has expired and we transferred this investment from Level 3 to Level 2 in 2013. The structured-credit investment was acquired in 2013 and is subject to a two-year lockup provision which will expire in November 2015. We categorized this investment as Level 3. Beginning in 2013, a portion of the long-duration securities in our U.S. pension plan no longer have an active trading market in order to obtain quoted prices. As such, we transferred these investments from Level 1 to Level 2 in 2013. | ||||||||||||||||||
Non-U.S. Plans | ||||||||||||||||||
Fair values of investments totaling $167.9 million at December 31, 2013, and $140.1 million at December 31, 2012, of our non-U.S. pension plans have been estimated using quoted prices in active markets and are categorized as Level 1 valuation inputs. Fair values for investments of our non-U.S. pension plans totaling $154.1 million at December 31, 2013, and $142.9 million at December 31, 2012, have been estimated using the net asset value per share of the investments and are categorized as Level 2 valuation inputs. | ||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||
% | % | % | % | |||||||||||||||
Total Fair | Actual | Target | Total Fair | Actual | Target | |||||||||||||
(In millions, except for percentages) | Value | Allocation | Allocation | Value | Allocation | Allocation | ||||||||||||
Non-U.S. Pension Plans | ||||||||||||||||||
Cash and cash equivalents | $ | 5.2 | 2 | - | 2.6 | 1 | - | |||||||||||
Equity securities: | ||||||||||||||||||
U.S. equity funds(a) | 30 | 25.8 | ||||||||||||||||
Canadian equity funds(a) | 38.3 | 31.7 | ||||||||||||||||
European equity funds(a) | 8.9 | 7.4 | ||||||||||||||||
Asia Pacific equity funds(a) | 1.7 | 1.3 | ||||||||||||||||
Emerging markets(a) | 9.3 | 4.7 | ||||||||||||||||
Other non-U.S. equity funds(a) | 38.8 | 37.3 | ||||||||||||||||
Total equity securities | 127 | 39 | 39 | 108.2 | 38 | 39 | ||||||||||||
Fixed-income securities: | ||||||||||||||||||
Global credit(b) | 37.5 | 34.3 | ||||||||||||||||
Canadian fixed-income funds(c) | 24.8 | 20.3 | ||||||||||||||||
European fixed-income funds(d) | 11 | 10.2 | ||||||||||||||||
High-yield(e) | 12.3 | 10.2 | ||||||||||||||||
Emerging markets(f) | 6.9 | 5.8 | ||||||||||||||||
Long-duration(g) | 79.4 | 76.1 | ||||||||||||||||
Total fixed-income securities | 171.9 | 53 | 55 | 156.9 | 55 | 56 | ||||||||||||
Other types of investments: | ||||||||||||||||||
Convertible securities(h) | 12 | 10.1 | ||||||||||||||||
Commodity derivatives(i) | 4.7 | 4 | ||||||||||||||||
Other | 1.2 | 1.2 | ||||||||||||||||
Total other types of investments | 17.9 | 6 | 6 | 15.3 | 6 | 5 | ||||||||||||
Total | $ | 322 | 100 | 100 | 283 | 100 | 100 | |||||||||||
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 1000 and 2000 Indices, MSCI Europe Ex-UK Index, S&P/TSX Total Return Index, MSCI EAFE 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. | ||||||||||||||||||
This category represents investment-grade fixed income debt securities of European issuers from diverse industries. | ||||||||||||||||||
This category seeks to achieve a return that exceeds the Scotia Capital Markets Universe Bond Index. | ||||||||||||||||||
This category is 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. | ||||||||||||||||||
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. | ||||||||||||||||||
This category consists of a diversified portfolio of listed and unlisted debt securities issued by governments, financial institutions, companies or other entities domiciled in emerging market countries. | ||||||||||||||||||
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. | ||||||||||||||||||
This category invests in convertible securities of global issuers from diverse industries. | ||||||||||||||||||
This category invests in commodities through financial derivatives of global issuers and short-dated government paper and cash components. | ||||||||||||||||||
Asset allocation strategies for our non-U.S. plans are designed to accumulate a diversified portfolio among markets and asset classes in order to reduce market risk and increase the likelihood that pension assets are available to pay benefits as they are due. Assets of non-U.S. pension plans are invested primarily using actively managed accounts. The weighted-average asset allocation targets are listed in the table above, and reflect limitations on types of investments held and allocations among assets classes, as required by local regulation or market practice of the country where the assets are invested. Most of the investments of our non-U.S. retirement plans can be redeemed at least monthly, except for a portion of “Other” in the above table, which can be redeemed quarterly. | ||||||||||||||||||
The UK pension plan investment that was previously classified as Level 3 had a lockup provision that has expired and has therefore been transferred to Level 2 in 2013. | ||||||||||||||||||
Changes in plan assets measured at fair value using significant unobservable inputs (Level 3) for our retirement plans are as follows: | ||||||||||||||||||
(In millions) | U.S. Pension Plans | UMWA Plans | Non-U.S. Pension Plans | |||||||||||||||
Balance at December 31, 2011 | $ | 96.8 | 39.9 | 0.6 | ||||||||||||||
Actual return on plan assets: | ||||||||||||||||||
Relating to assets still held at the reporting date | 2.5 | 1 | - | |||||||||||||||
Relating to assets sold during the period | - | - | - | |||||||||||||||
Purchases, sales and settlements | - | - | - | |||||||||||||||
Transfers in and/or out of Level 3 | - | - | - | |||||||||||||||
Balance at December 31, 2012 | 99.3 | 40.9 | 0.6 | |||||||||||||||
Actual return on plan assets: | ||||||||||||||||||
Relating to assets still held at the reporting date | 0.4 | - | - | |||||||||||||||
Relating to assets sold during the period | - | - | - | |||||||||||||||
Purchases, sales and settlements | 39.6 | - | - | |||||||||||||||
Transfers out of Level 3(a) | -99.3 | -40.9 | -0.6 | |||||||||||||||
Balance at December 31, 2013 | $ | 40 | - | - | ||||||||||||||
Transfers out of Level 3 are deemed to have occurred at the beginning of the year. | ||||||||||||||||||
Multi-employer Pension Plans | ||||||||||||||||||
We contribute to multi-employer pension plans in a few of our non-U.S. subsidiaries. We recognized $0.2 million of multi-employer pension expense for continuing operations in 2013 and $0.3 million in 2012. We did not recognize any multi-employer pension expense in 2011. | ||||||||||||||||||
Savings Plans | ||||||||||||||||||
We sponsor various defined contribution plans to help eligible employees provide for retirement. We record expense for amounts that we contribute on behalf of employees, usually in the form of matching contributions. Prior to December 31, 2011, we matched 125% of up to the first 5% of our employees' eligible contributions to our U.S. 401(k) plan. In January 2012, we reduced the matching contribution to 100% of up to the first 4% of employee contributions. In April 2012, we further reduced the matching contribution to 100% on the first 1% of employee contributions. Our matching contribution expense is as follows: | ||||||||||||||||||
(In millions) | ||||||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | |||||||||||||||
U.S. 401(K) | $ | 2.6 | 4.6 | 16.9 | ||||||||||||||
Other plans | 2.9 | 2.5 | 3.9 | |||||||||||||||
Total | $ | 5.5 | 7.1 | 20.8 |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income taxes | ' | |||||||||||
Note 4 – Income Taxes | ||||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Income (loss) from continuing operations before income taxes | ||||||||||||
U.S. | $ | -51.8 | -19.6 | -16 | ||||||||
Foreign | 200 | 178.7 | 204.3 | |||||||||
Income from continuing operations before income taxes | $ | 148.2 | 159.1 | 188.3 | ||||||||
Provision (benefit) for income taxes from continuing operations | ||||||||||||
Current tax expense (benefit) | ||||||||||||
U.S. federal | $ | 0.5 | -0.1 | 2.9 | ||||||||
State | 1.5 | -0.3 | -0.1 | |||||||||
Foreign | 84.6 | 70.9 | 91.9 | |||||||||
Current tax expense | 86.6 | 70.5 | 94.7 | |||||||||
Deferred tax expense (benefit) | ||||||||||||
U.S. federal | -20.6 | -29.9 | -21.3 | |||||||||
State | -1.9 | -1.4 | -0.9 | |||||||||
Foreign | -12.1 | -12.1 | -8.5 | |||||||||
Deferred tax benefit | -34.6 | -43.4 | -30.7 | |||||||||
Provision (benefit) for income taxes of continuing operations | $ | 52 | 27.1 | 64 | ||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Comprehensive provision (benefit) for income taxes allocable to | ||||||||||||
Continuing operations | $ | 52 | 27.1 | 64 | ||||||||
Discontinued operations | 4.7 | -1 | -3.9 | |||||||||
Other comprehensive income (loss) | 141 | 9.3 | -74.4 | |||||||||
Equity | 2.8 | 2.7 | -1.1 | |||||||||
Comprehensive provision (benefit) for income taxes | $ | 200.5 | 38.1 | -15.4 | ||||||||
Rate Reconciliation | ||||||||||||
The following table reconciles the difference between the actual tax rate on continuing operations and the statutory U.S. federal income tax rate of 35%. | ||||||||||||
Years Ended December 31, | ||||||||||||
(In percentages) | 2013 | 2012 | 2011 | |||||||||
U.S. federal tax rate | 35 | % | 35 | % | 35 | % | ||||||
Increases (reductions) in taxes due to: | ||||||||||||
Adjustments to valuation allowances | 4 | 1.2 | -2.9 | |||||||||
Foreign income taxes | -6.5 | -2.2 | 0.3 | |||||||||
Medicare subsidy for retirement plans | -1.1 | -14.4 | - | |||||||||
French business tax | 3 | 2.7 | 2.4 | |||||||||
Nontaxable acquisition-related (gains) losses | - | - | -0.4 | |||||||||
Taxes on undistributed earnings of foreign affiliates | -0.1 | -2.2 | 0.2 | |||||||||
State income taxes, net | -0.1 | -0.1 | -0.5 | |||||||||
Change in judgment about uncertain tax positions in Mexico | - | -4.7 | - | |||||||||
Other | 0.9 | 1.7 | -0.1 | |||||||||
Actual income tax rate on continuing operations | 35.1 | % | 17 | % | 34 | % | ||||||
Components of Deferred Tax Assets and Liabilities | ||||||||||||
December 31, | ||||||||||||
(In millions) | 2013 | 2012 | ||||||||||
Deferred tax assets | ||||||||||||
Pension liabilities | $ | 70 | 136.4 | |||||||||
Retirement benefits other than pensions | 60.7 | 127.2 | ||||||||||
Workers’ compensation and other claims | 35.1 | 38.3 | ||||||||||
Other assets and liabilities | 138.6 | 115.3 | ||||||||||
Net operating loss carryforwards | 26.8 | 63.5 | ||||||||||
Alternative minimum and other tax credits(a) | 44.7 | 37.9 | ||||||||||
Subtotal | 375.9 | 518.6 | ||||||||||
Valuation allowances | -32.4 | -47.4 | ||||||||||
Total deferred tax assets | 343.5 | 471.2 | ||||||||||
Deferred tax liabilities | ||||||||||||
Property and equipment, net | 9.9 | 11.2 | ||||||||||
Other assets and miscellaneous | 31 | 37.4 | ||||||||||
Deferred tax liabilities | 40.9 | 48.6 | ||||||||||
Net deferred tax asset | $ | 302.6 | 422.6 | |||||||||
Included in: | ||||||||||||
Current assets | $ | 72 | 59.4 | |||||||||
Noncurrent assets | 251.7 | 385.3 | ||||||||||
Current liabilities, included in accrued liabilities | -3.1 | -3.4 | ||||||||||
Noncurrent liabilities | -18 | -18.7 | ||||||||||
Net deferred tax asset | $ | 302.6 | 422.6 | |||||||||
(a) U.S. alternative minimum tax credits of $43.8 million have an unlimited carryforward period and the remaining credits of $0.9 million have various carryforward periods. | ||||||||||||
Valuation Allowances | ||||||||||||
Valuation allowances relate to deferred tax assets in various federal, state and non-U.S. jurisdictions. Based on our 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, 2013. | ||||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Valuation allowances: | ||||||||||||
Beginning of year | $ | 47.4 | 43.9 | 45.9 | ||||||||
Expiring tax credits | -1.8 | -0.8 | -0.3 | |||||||||
Acquisitions and dispositions | -32.7 | -0.9 | 0.3 | |||||||||
Changes in judgment about deferred tax assets(a) | -0.2 | -1 | -8.2 | |||||||||
Other changes in deferred tax assets, charged to: | ||||||||||||
Income from continuing operations | 6.2 | 3.4 | 7.6 | |||||||||
Income from discontinued operations | 12.5 | 1.9 | - | |||||||||
Other comprehensive income (loss) | - | 0.1 | - | |||||||||
Foreign currency exchange effects | 1 | 0.8 | -1.4 | |||||||||
End of year | $ | 32.4 | 47.4 | 43.9 | ||||||||
Changes in judgment about valuation allowances are based on a recognition threshold of “more-likely-than-not.”Amounts are based on beginning-of-year balances of deferred tax assets that could potentially be realized in future years. Amounts are recognized in income from continuing operations. | ||||||||||||
Undistributed Foreign Earnings | ||||||||||||
As of December 31, 2013, we have not recorded U.S. federal deferred income taxes on approximately $259 million of undistributed earnings of foreign subsidiaries and equity affiliates. It is expected that these earnings will be permanently reinvested in operations outside the U.S. It is not practical to compute the estimated deferred tax liability on these earnings. | ||||||||||||
Net Operating Losses | ||||||||||||
The gross amount of the net operating loss carryforwards as of December 31, 2013, was $214.5 million. The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2013, was $26.8 million, and expires as follows: | ||||||||||||
(In millions) | Federal | State | Foreign | Total | ||||||||
Years of expiration | ||||||||||||
2014-2018 | $ | - | 0.3 | 3.9 | 4.2 | |||||||
2019-2023 | - | 0.2 | 5.3 | 5.5 | ||||||||
2024 and thereafter | - | 10.3 | 0.4 | 10.7 | ||||||||
No expiration | - | - | 6.4 | 6.4 | ||||||||
$ | - | 10.8 | 16 | 26.8 | ||||||||
Uncertain Tax Positions | ||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: | ||||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Uncertain tax positions: | ||||||||||||
Beginning of year | $ | 11.8 | 17.2 | 19.4 | ||||||||
Increases related to prior-year tax positions | 0.1 | 1.4 | 0.8 | |||||||||
Decreases related to prior-year tax positions | - | -6.9 | -1.6 | |||||||||
Increases related to current-year tax positions | 2.3 | 1.6 | 1.3 | |||||||||
Settlements | -0.7 | -0.7 | - | |||||||||
Effect of the expiration of statutes of limitation | -3.4 | -1.2 | -1.2 | |||||||||
Increases (decreases) related to business combinations and dispositions | - | - | -0.7 | |||||||||
Foreign currency exchange effects | 0.7 | 0.4 | -0.8 | |||||||||
End of year | $ | 10.8 | 11.8 | 17.2 |
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property and Equipment [Abstract] | ' | ||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||
Note 5 – Property and Equipment | |||||||
The following table presents our property and equipment that is classified as held and used: | |||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Land | $ | 68 | 70.8 | ||||
Buildings | 258 | 247.6 | |||||
Leasehold improvements | 215.6 | 217.5 | |||||
Vehicles | 438 | 433.6 | |||||
Capitalized software(a) | 184.6 | 168.2 | |||||
Other machinery and equipment | 692.5 | 682.3 | |||||
1,856.70 | 1,820.00 | ||||||
Accumulated depreciation and amortization | -1,098.00 | -1,026.20 | |||||
Property and equipment, net | $ | 758.7 | 793.8 | ||||
Amortization of capitalized software costs included in continuing operations was $17.9 million in 2013, $15.4 million in 2012 and $13.2 million in 2011. | |||||||
Acquisitions
Acquisitions | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Notes to Financial Statements [Abstract] | ' | ||||||
Acquisitions | ' | ||||||
Note 6 – Acquisitions | |||||||
We account for acquisitions as business combinations using the acquisition method. Under the acquisition method of accounting, assets acquired and liabilities assumed from these operations are recorded at fair value on the date of acquisition. The consolidated statements of income include the results of operations for each acquired entity from the date of acquisition. | |||||||
We acquired 100% of the capital stock of Brazil-based Rede Transacoes Eletronicas Ltda. (Rede Trel) on January 31, 2013. The purchase price was $27.7 million. On the acquisition date, Rede Trel had $10 million of cash and cash equivalents that it uses as working capital, resulting in a net cash outflow in our consolidated statement of cash flows of $16 million related to the acquisition. Rede Trel distributes electronic prepaid products, including mobile phone airtime, via a network of approximately 20,000 retail locations across Brazil. Rede Trel's strong distribution network supplements Brink's existing payments business, ePago, which has operations in Brazil, Mexico, Colombia and Panama. | |||||||
We estimated fair values for the assets purchased and liabilities assumed as of the date of the acquisition. This valuation required management to make significant estimates and assumptions. We have completed the valuation work required to allocate the purchase price and our final estimates of the acquisition-date fair values of Rede Trel assets and liabilities are shown in the following table. | |||||||
Estimated Fair | |||||||
Value at | |||||||
(In millions) | 31-Jan-13 | ||||||
Fair value of purchase consideration | |||||||
Cash paid for 100% of shares | $ | 25.9 | |||||
Fair value of contingent consideration | 1.8 | ||||||
Fair value of purchase consideration | $ | 27.7 | |||||
Fair value of net assets acquired | |||||||
Cash | $ | 10 | |||||
Accounts receivable | 7.8 | ||||||
Other current assets | 19.9 | ||||||
Property and equipment | 4 | ||||||
Intangible assets(a) | 11.8 | ||||||
Goodwill(b) | 14 | ||||||
Current liabilities | -38.8 | ||||||
Noncurrent liabilities | -1 | ||||||
Fair value of net assets acquired | $ | 27.7 | |||||
Intangible assets are primarily comprised of agent relationships and contractual agreements with the major Brazilian telecommunications companies. As of the acquisition date, the weighted-average amortization period for these intangible assets was 10.9 years. | |||||||
Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating Rede Trel's distribution network into our existing ePago business. All of the goodwill has been assigned to the Latin America reporting unit and is expected to be deductible for tax purposes. | |||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Text Block] | ' | |||||||||||||||||||||
Note 7 – Goodwill and Other Intangible Assets | ||||||||||||||||||||||
Goodwill and other intangible assets resulted from acquiring businesses. The following table summarizes our other intangible assets: | ||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||
Gross Carrying | Accumulated | Net Carrying | Gross Carrying | Accumulated | Net Carrying | |||||||||||||||||
(In millions) | Amount | Amortization | Amount | Amount | Amortization | Amount | ||||||||||||||||
Customer relationships: | ||||||||||||||||||||||
Latin America | $ | 23.8 | -12.6 | 11.2 | $ | 27.1 | -11.6 | 15.5 | ||||||||||||||
EMEA | 28.7 | -24.7 | 4 | 31.9 | -27.3 | 4.6 | ||||||||||||||||
North America | 3 | -3 | - | 12.9 | -5.4 | 7.5 | ||||||||||||||||
Asia Pacific | 13.6 | -3.2 | 10.4 | 17.1 | -3.3 | 13.8 | ||||||||||||||||
Indefinite-lived trade names: | ||||||||||||||||||||||
Latin America | 11.5 | - | 11.5 | 11.7 | - | 11.7 | ||||||||||||||||
EMEA | 0.3 | - | 0.3 | 0.3 | - | 0.3 | ||||||||||||||||
Asia Pacific | - | - | - | 1 | - | 1 | ||||||||||||||||
Finite-lived trade names: | ||||||||||||||||||||||
Latin America | 1.7 | -1.3 | 0.4 | 1.4 | -1.4 | - | ||||||||||||||||
EMEA | - | - | - | 0.1 | -0.1 | - | ||||||||||||||||
North America | - | - | - | 1.7 | -0.1 | 1.6 | ||||||||||||||||
Asia Pacific | - | - | - | 0.5 | -0.5 | - | ||||||||||||||||
Other contract-related assets: | ||||||||||||||||||||||
Latin America | 9.3 | -0.8 | 8.5 | - | - | - | ||||||||||||||||
Other: | ||||||||||||||||||||||
Latin America | 0.8 | -0.8 | - | 1 | -1 | - | ||||||||||||||||
EMEA | 1.2 | -1.2 | - | 1.4 | -1.3 | 0.1 | ||||||||||||||||
Asia Pacific | 0.9 | -0.9 | - | 1 | -1 | - | ||||||||||||||||
Total | $ | 94.8 | -48.5 | 46.3 | $ | 109.1 | -53 | 56.1 | ||||||||||||||
The changes in the carrying amount of goodwill and other intangible assets by operating segment for the years ended December 31, 2013 and 2012 are as follows: | ||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Beginning | Acquisitions/ | Amortization | Ending | |||||||||||||||||||
(In millions) | Balance | Dispositions | Expense(a) | Adjustments | Currency | Balance | ||||||||||||||||
Goodwill: | ||||||||||||||||||||||
Latin America | $ | 43.6 | 14 | - | - | -7.6 | 50 | |||||||||||||||
EMEA | 142.1 | 1.8 | - | - | 4.1 | 148 | ||||||||||||||||
North America | 20.5 | -2.4 | - | - | -0.9 | 17.2 | ||||||||||||||||
Asia Pacific | 37.6 | -9.4 | - | - | -3.2 | 25 | ||||||||||||||||
Total goodwill | 243.8 | 4 | - | - | -7.6 | 240.2 | ||||||||||||||||
Other intangibles: | ||||||||||||||||||||||
Customer relationships | ||||||||||||||||||||||
Latin America | 15.5 | - | -2.7 | - | -1.6 | 11.2 | ||||||||||||||||
EMEA | 4.6 | 0.8 | -1.6 | - | 0.2 | 4 | ||||||||||||||||
North America | 7.5 | -5.9 | -1.3 | - | -0.3 | - | ||||||||||||||||
Asia Pacific | 13.8 | -1 | -1 | - | -1.4 | 10.4 | ||||||||||||||||
Indefinite-lived trade names | ||||||||||||||||||||||
Latin America | 11.7 | - | - | - | -0.2 | 11.5 | ||||||||||||||||
EMEA | 0.3 | - | - | - | - | 0.3 | ||||||||||||||||
Asia Pacific | 1 | - | - | -0.9 | -0.1 | - | ||||||||||||||||
Finite-lived trade names | ||||||||||||||||||||||
Latin America | - | 0.7 | -0.1 | - | -0.2 | 0.4 | ||||||||||||||||
North America | 1.6 | -1.4 | -0.1 | - | -0.1 | - | ||||||||||||||||
Other contract-related assets | ||||||||||||||||||||||
Latin America | - | 11.1 | -0.9 | - | -1.7 | 8.5 | ||||||||||||||||
Other | ||||||||||||||||||||||
EMEA | 0.1 | - | -0.1 | - | - | - | ||||||||||||||||
Total other intangibles | $ | 56.1 | 4.3 | -7.8 | -0.9 | -5.4 | 46.3 | |||||||||||||||
Includes amortization expense of $1.3 million in 2013 that has been reclassified to discontinued operations. | ||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Beginning | Acquisitions/ | Amortization | Ending | |||||||||||||||||||
(In millions) | Balance | Dispositions | Expense(a) | Adjustments | Currency | Balance | ||||||||||||||||
Goodwill: | ||||||||||||||||||||||
Latin America | $ | 46.7 | 0.2 | - | - | -3.3 | 43.6 | |||||||||||||||
EMEA | 126 | 15.1 | - | -2.1 | 3.1 | 142.1 | ||||||||||||||||
North America | 20.1 | - | - | - | 0.4 | 20.5 | ||||||||||||||||
Asia Pacific | 38.6 | - | - | - | -1 | 37.6 | ||||||||||||||||
Total goodwill | 231.4 | 15.3 | - | -2.1 | -0.8 | 243.8 | ||||||||||||||||
Other intangibles: | ||||||||||||||||||||||
Customer relationships | ||||||||||||||||||||||
Latin America | 18.5 | 1.3 | -3 | - | -1.3 | 15.5 | ||||||||||||||||
EMEA | 6.4 | 1 | -2.7 | - | -0.1 | 4.6 | ||||||||||||||||
North America | 8.9 | - | -1.6 | - | 0.2 | 7.5 | ||||||||||||||||
Asia Pacific | 15.3 | - | -1.1 | - | -0.4 | 13.8 | ||||||||||||||||
Indefinite-lived trade names | ||||||||||||||||||||||
Latin America | 10.8 | - | - | - | 0.9 | 11.7 | ||||||||||||||||
EMEA | 0.3 | - | - | - | - | 0.3 | ||||||||||||||||
Asia Pacific | 1 | - | - | - | - | 1 | ||||||||||||||||
Finite-lived trade names | ||||||||||||||||||||||
Latin America | 0.1 | - | - | - | -0.1 | - | ||||||||||||||||
North America | 1.6 | - | -0.1 | - | 0.1 | 1.6 | ||||||||||||||||
Asia Pacific | 0.1 | - | -0.1 | - | - | - | ||||||||||||||||
Other | ||||||||||||||||||||||
Latin America | 0.2 | - | -0.2 | - | - | - | ||||||||||||||||
EMEA | 0.4 | -0.1 | -0.1 | - | -0.1 | 0.1 | ||||||||||||||||
Asia Pacific | 0.2 | - | -0.2 | - | - | - | ||||||||||||||||
Total other intangibles | $ | 63.8 | 2.2 | -9.1 | - | -0.8 | 56.1 | |||||||||||||||
Includes amortization expense of $1.9 million in 2012 that has been reclassified to discontinued operations. | ||||||||||||||||||||||
Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2013, for the next five years is as follows: | ||||||||||||||||||||||
(In millions) | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||
Amortization expense | $ | 5.3 | 4.7 | 4.1 | 3.5 | 3 |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] | ' | |||||||||||||
Disclosure Of Reclassification Amount [Text Block] | ' | |||||||||||||
Note 9– 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 for 2013, 2012 and 2011: | ||||||||||||||
Amounts Arising During | Amounts Reclassified to | |||||||||||||
the Current Period | Net Income (Loss) | |||||||||||||
Total Other | ||||||||||||||
Income | Income | Comprehensive | ||||||||||||
(In millions) | Pretax | Tax | Pretax | Tax | Income (Loss) | |||||||||
2013 | ||||||||||||||
Amounts attributable to Brink's: | ||||||||||||||
Benefit plan adjustments | $ | 251.9 | -114.1 | 76.4 | -27.1 | 187.1 | ||||||||
Foreign currency translation adjustments | -30.9 | - | -0.5 | 0.1 | -31.3 | |||||||||
Unrealized gains (losses) on available-for-sale securities | -0.3 | 0.1 | 0.4 | -0.2 | - | |||||||||
Gains (losses) on cash flow hedges | 2.9 | - | -2.3 | - | 0.6 | |||||||||
223.6 | -114 | 74 | -27.2 | 156.4 | ||||||||||
Amounts attributable to noncontrolling interests: | ||||||||||||||
Benefit plan adjustments | -0.9 | 0.3 | 0.3 | -0.1 | -0.4 | |||||||||
Foreign currency translation adjustments | -1.4 | - | - | - | -1.4 | |||||||||
Unrealized gains (losses) on available-for-sale securities | - | - | - | - | - | |||||||||
Gains (losses) on cash flow hedges | - | - | - | - | - | |||||||||
-2.3 | 0.3 | 0.3 | -0.1 | -1.8 | ||||||||||
Total | ||||||||||||||
Benefit plan adjustments(a) | 251 | -113.8 | 76.7 | -27.2 | 186.7 | |||||||||
Foreign currency translation adjustments(b) | -32.3 | - | -0.5 | 0.1 | -32.7 | |||||||||
Unrealized gains (losses) on available-for-sale securities(c) | -0.3 | 0.1 | 0.4 | -0.2 | - | |||||||||
Gains (losses) on cash flow hedges(d) | 2.9 | - | -2.3 | - | 0.6 | |||||||||
$ | 221.3 | -113.7 | 74.3 | -27.3 | 154.6 | |||||||||
2012 | ||||||||||||||
Amounts attributable to Brink's: | ||||||||||||||
Benefit plan adjustments | $ | -53.4 | 17.3 | 78.3 | -27.2 | 15 | ||||||||
Foreign currency translation adjustments | 1 | -0.2 | - | - | 0.8 | |||||||||
Unrealized gains (losses) on available-for-sale securities | 0.8 | -0.2 | -2.9 | 1 | -1.3 | |||||||||
-51.6 | 16.9 | 75.4 | -26.2 | 14.5 | ||||||||||
Amounts attributable to noncontrolling interests: | ||||||||||||||
Benefit plan adjustments | -2.9 | - | - | - | -2.9 | |||||||||
Foreign currency translation adjustments | 2.4 | - | - | - | 2.4 | |||||||||
Unrealized gains (losses) on available-for-sale securities | - | - | - | - | - | |||||||||
-0.5 | - | - | - | -0.5 | ||||||||||
Total | ||||||||||||||
Benefit plan adjustments(a) | -56.3 | 17.3 | 78.3 | -27.2 | 12.1 | |||||||||
Foreign currency translation adjustments | 3.4 | -0.2 | - | - | 3.2 | |||||||||
Unrealized gains (losses) on available-for-sale securities(c) | 0.8 | -0.2 | -2.9 | 1 | -1.3 | |||||||||
$ | -52.1 | 16.9 | 75.4 | -26.2 | 14 | |||||||||
Amounts Arising During | Amounts Reclassified to | |||||||||||||
the Current Period | Net Income (Loss) | |||||||||||||
Total Other | ||||||||||||||
Income | Income | Comprehensive | ||||||||||||
(In millions) | Pretax | Tax | Pretax | Tax | Income (Loss) | |||||||||
2011 | ||||||||||||||
Amounts attributable to Brink's: | ||||||||||||||
Benefit plan adjustments | $ | -253.2 | 89.4 | 52 | -17.6 | -129.4 | ||||||||
Foreign currency translation adjustments | -48.4 | 1.7 | - | - | -46.7 | |||||||||
Unrealized gains (losses) on available-for-sale securities | 2 | - | -4.4 | 0.9 | -1.5 | |||||||||
-299.6 | 91.1 | 47.6 | -16.7 | -177.6 | ||||||||||
Amounts attributable to noncontrolling interests: | ||||||||||||||
Benefit plan adjustments | - | - | - | - | - | |||||||||
Foreign currency translation adjustments | -2.1 | - | - | - | -2.1 | |||||||||
Unrealized gains (losses) on available-for-sale securities | 0.1 | - | - | - | 0.1 | |||||||||
-2 | - | - | - | -2 | ||||||||||
Total | ||||||||||||||
Benefit plan adjustments(a) | -253.2 | 89.4 | 52 | -17.6 | -129.4 | |||||||||
Foreign currency translation adjustments | -50.5 | 1.7 | - | - | -48.8 | |||||||||
Unrealized gains (losses) on available-for-sale securities(c) | 2.1 | - | -4.4 | 0.9 | -1.4 | |||||||||
$ | -301.6 | 91.1 | 47.6 | -16.7 | -179.6 | |||||||||
The amortization of prior experience losses and prior service cost is part of total net periodic retirement benefit cost when reclassified to net income. Net periodic retirement benefit cost also includes service costs, interest costs, expected returns on assets, and settlement costs. The total pretax expense is allocated between cost of revenues and selling, general and administrative expenses on a plan-by-plan basis: | ||||||||||||||
December 31, | ||||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||||
Total net periodic retirement benefit cost included in: | ||||||||||||||
Cost of revenues | $ | 66.8 | 64.7 | 41.4 | ||||||||||
Selling, general and administrative expenses | 17.5 | 19.8 | 8.2 | |||||||||||
Pretax foreign currency translation adjustments reclassified to the income statement in 2013 relate to the sale of ICD Limited and its affiliates, as well as CIT operations in Hungary, and Poland. The amounts are included in loss from discontinued operations in the income statement. | ||||||||||||||
Gains and losses on sales of available-for-sale securities are reclassified from accumulated other comprehensive loss to the income statement when the gains or losses are realized. Pretax amounts are classified in the income statement as interest and other income (expense). | ||||||||||||||
Pretax gains and losses on cash flow hedges are classified in the income statement as | ||||||||||||||
other operating income (expense) ($3.3 million gains in 2013) | ||||||||||||||
interest and other income (expense) ($1.0 million losses in 2013) | ||||||||||||||
The changes in accumulated other comprehensive loss attributable to Brink's are as follows: | ||||||||||||||
Benefit Plan Adjustments | Foreign Currency Translation Adjustments | Unrealized Gains (Losses) on Available-for-Sale Securities | Gains (Losses) on Cash Flow Hedges | Total | ||||||||||
(In millions) | ||||||||||||||
Balance as of December 31,2010 | $ | -550.7 | -64 | 4.4 | - | -610.3 | ||||||||
Other comprehensive income (loss) before reclassifications | -163.8 | -46.7 | 2 | - | -208.5 | |||||||||
Amounts reclassified from accumulated other comprehensive loss | 34.4 | - | -3.5 | - | 30.9 | |||||||||
Balance as of December 31, 2011 | -680.1 | -110.7 | 2.9 | - | -787.9 | |||||||||
Other comprehensive income (loss) before reclassifications | -36.1 | 0.8 | 0.6 | - | -34.7 | |||||||||
Amounts reclassified from accumulated other comprehensive loss | 51.1 | - | -1.9 | - | 49.2 | |||||||||
Balance as of December 31, 2012 | -665.1 | -109.9 | 1.6 | - | -773.4 | |||||||||
Other comprehensive income (loss) before reclassifications | 137.8 | -30.9 | -0.2 | 2.9 | 109.6 | |||||||||
Amounts reclassified from accumulated other comprehensive loss | 49.3 | -0.4 | 0.2 | -2.3 | 46.8 | |||||||||
Other comprehensive income (loss) attributable to Brink's | 187.1 | -31.3 | - | 0.6 | 156.4 | |||||||||
Acquisitions of noncontrolling interests | - | -0.3 | - | - | -0.3 | |||||||||
Balance as of December 31, 2013 | $ | -478 | -141.5 | 1.6 | 0.6 | -617.3 | ||||||||
Other_Assets
Other Assets | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Assets [Abstract] | ' | ||||||
Other Assets Disclosure [Text Block] | ' | ||||||
Note 8 – Other Assets | |||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Prepaid pension assets | $ | 28.6 | 21.9 | ||||
Equity method investment in unconsolidated entities | 15.8 | 15.6 | |||||
Available-for-sale securities | 4.5 | 5.3 | |||||
Other | 49.5 | 36.6 | |||||
Other assets | $ | 98.4 | 79.4 |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Fair value of financial instruments [Abstract] | ' | |||||||
Fair value of financial instruments | ' | |||||||
Note 10 – Fair Value of Financial Instruments | ||||||||
Investments in Available-for-sale Securities | ||||||||
We have investments in mutual funds designated as available-for-sale securities that are carried at fair value in the financial statements. For these investments, fair value was estimated based on quoted prices categorized as a Level 1 valuation. | ||||||||
Fixed-Rate Debt | ||||||||
The fair value and carrying value of our fixed-rate debt are as follows: | ||||||||
December 31, | ||||||||
(In millions) | 2013 | 2012 | ||||||
DTA bonds | ||||||||
Carrying value | $ | 43.2 | 43.2 | |||||
Fair value | 42.8 | 43.4 | ||||||
Unsecured notes issued in a private placement | ||||||||
Carrying value | 100 | 100 | ||||||
Fair value | 105.8 | 110.5 | ||||||
The fair value estimate of our obligation related to the fixed-rate Dominion Terminal Associates (“DTA”) bonds is based on price information observed in a less-active market, which we have categorized as a Level 2 valuation. | ||||||||
The fair value estimate of our unsecured private-placement notes is based on the present value of future cash flows, discounted at rates for similar instruments at the respective measurement dates, which we have categorized as a Level 3 valuation. | ||||||||
There were no transfers in or out of any of the levels of the valuation hierarchy in 2013. | ||||||||
Other Financial Instruments | ||||||||
Other financial instruments include cash and cash equivalents, short-term fixed rate deposits, accounts receivable, floating rate debt, accounts payable and accrued liabilities. The financial statement carrying amounts of these items approximate the fair value. | ||||||||
We have outstanding foreign currency forward and swap contracts to hedge transactional risks associated with foreign currencies. Our short term contracts have a weighted average maturity of approximately one month. In 2013, we additionally entered into a cross-currency swap to hedge against the change in value of a long-term intercompany loan denominated in a currency other than the lending subsidiary's functional currency. The fair values of these currency contracts, including the cross-currency swap, are determined using Level 2 valuation techniques and are based on the present value of net future cash payments and receipts. Accordingly, the fair values will fluctuate based on changes in market interest rates and the respective foreign currency to U.S. dollar exchange rate. The fair values of our outstanding short-term foreign currency contracts at December 31, 2013, were not significant. At December 31, 2013, the fair value of the cross-currency swap was a net asset of $3.7 million. There were no transfers in or out of any of the levels of the valuation hierarchy in 2013. | ||||||||
Accrued_Liabilities
Accrued Liabilities | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accrued Liabilities, Current [Abstract] | ' | ||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' | ||||||
Note 11 – Accrued Liabilities | |||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Payroll and other employee liabilities | $ | 172.8 | 168.9 | ||||
Taxes, except income taxes | 110.5 | 109.8 | |||||
Cash held by Cash Management Services operations(a) | 31.3 | 44 | |||||
Workers’ compensation and other claims | 24.3 | 24.4 | |||||
Retirement benefits (see note 3) | 10.3 | 13.4 | |||||
Income taxes payable | 14.5 | 16.1 | |||||
Other | 143.8 | 139.9 | |||||
Accrued liabilities | $ | 507.5 | 516.5 | ||||
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. | |||||||
Other_Liabilities
Other Liabilities | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||
Other Liabilities Disclosure [Text Block] | ' | ||||||
Note 12 – Other Liabilities | |||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Workers’ compensation and other claims | $ | 42.1 | 44.2 | ||||
Post-employment benefits | 42 | 40.2 | |||||
Asset retirement and remediation obligations | 18.9 | 17.9 | |||||
Employee-related liabilities | 14 | 17.1 | |||||
Noncurrent tax liabilities | 10.2 | 11.6 | |||||
Other | 43.4 | 46.4 | |||||
Other liabilities | $ | 170.6 | 177.4 |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||
We have a $480 million unsecured revolving bank credit facility (the “Revolving Facility”) that matures in January 2017. The Revolving Facility's interest rate is based on LIBOR plus a margin, alternate base rate plus a margin, or competitive bid. The Revolving Facility allows us to borrow or issue letters of credit (or otherwise satisfy credit needs) on a revolving basis over the term of the facility. As of December 31, 2013, $359 million was available under the Revolving Facility. Amounts outstanding under the Revolving Facility as of December 31, 2013, were denominated primarily in U.S. dollars and to a lesser extent in euros. | |||||||||||
The margin on LIBOR borrowings under the Revolving Facility, which can range from 0.9% to 1.575% depending on our credit rating, was 1.40% at December 31, 2013. The margin on alternate base rate borrowings under the Revolving Facility can range from 0.0% to 0.575%. We also pay an annual facility fee on the Revolving Facility based on our credit rating. The facility fee can range from 0.10% to 0.30 % and was 0.225% at December 31, 2013. | |||||||||||
We have $100 million in unsecured notes through a private placement debt transaction (the “Notes”). The Notes comprise $50 million in series A notes with a fixed interest rate of 4.57% and $50 million in series B notes with a fixed interest rate of 5.20%. The Notes are due in January 2021 with principal payments under the series A notes to begin in January 2015. | |||||||||||
We have three unsecured multi-currency revolving bank credit facilities with a total of $73 million in available credit, of which approximately $46 million was available at December 31, 2013. A $20 million facility expires in May 2014, a $30 million facility expires in October 2014, and a $23 million facility expires in December 2015. Interest on these facilities is based on LIBOR plus a margin. The margin ranges from 0.9% to 2.125%. We also have the ability to borrow from other banks, at the banks' discretion, under short-term uncommitted agreements. Various foreign subsidiaries maintain other lines of credit and overdraft facilities with a number of banks. | |||||||||||
We have a $24 million unsecured committed credit facility that expires in April 2014. Interest on this facility is based on LIBOR plus a margin, which ranges from 1.20% to 1.575%. As of December 31, 2013, $14 million was available under the facility. | |||||||||||
We have three unsecured letter of credit facilities totaling $179 million, of which approximately $70 million was available at December 31, 2013. A $54 million facility expires in December 2016, an $85 million facility expires in June 2015, and a $40 million facility expires in December 2015. The Revolving Facility and the multi-currency revolving credit facilities are also used for issuance of letters of credit and bank guarantees. | |||||||||||
The Revolving Facility, the Notes, the unsecured multi-currency revolving bank credit facilities, the unsecured committed credit facility and the letter of credit facilities contain subsidiary guarantees and various financial and other covenants. The financial covenants, among other things, limit our total indebtedness, limit priority debt, limit asset sales, limit the use of proceeds from asset sales and provide for minimum coverage of interest costs. The credit agreements do not provide for the acceleration of payments should our credit rating be reduced. If we were not to comply with the terms of our various credit 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 loan agreements. We were in compliance with all financial covenants at December 31, 2013. | |||||||||||
We have $43 million of bonds issued by the Peninsula Ports Authority of Virginia recorded as debt on our balance sheet. Although we are not the primary obligor of the debt, we have guaranteed the debt and we believe that we will ultimately pay this obligation. The guarantee originated as part of a former interest in Dominion Terminal Associates, a deep water coal terminal. We continue to pay interest on the debt. The bonds bear a fixed interest rate of 6.0% and mature in 2033. The bonds may mature prior to 2033 upon the occurrence of specified events such as the determination that the bonds are taxable or if we fail to abide by the terms of the guarantee. | |||||||||||
Note 13 – Long-Term Debt | |||||||||||
December 31, | |||||||||||
(In millions) | 2013 | 2012 | |||||||||
Bank credit facilities: | |||||||||||
Revolving Facility (year-end weighted average interest | |||||||||||
rate of 1.6% in 2013 and 1.5% in 2012) | $ | 120.6 | 107.2 | ||||||||
Private Placement Notes (Series A interest rate of 4.6%, Series B interest | |||||||||||
rate of 5.2%), due 2021 | 100 | 100 | |||||||||
Other non-U.S. dollar-denominated facilities (year-end weighted | |||||||||||
average interest rate of 5.7% in 2013 and 7.7% in 2012) | 14.9 | 20.9 | |||||||||
Dominion Terminal Associates 6.0% bonds, due 2033 | 43.2 | 43.2 | |||||||||
Capital leases (average rates: 3.7% in 2013 and 4.2% in 2012) | 76.4 | 91.3 | |||||||||
Total long-term debt | $ | 355.1 | 362.6 | ||||||||
Included in: | |||||||||||
Current liabilities | $ | 24.6 | 27 | ||||||||
Noncurrent liabilities | 330.5 | 335.6 | |||||||||
Total long-term debt | $ | 355.1 | 362.6 | ||||||||
We have a $480 million unsecured revolving bank credit facility (the “Revolving Facility”) that matures in January 2017. The Revolving Facility's interest rate is based on LIBOR plus a margin, alternate base rate plus a margin, or competitive bid. The Revolving Facility allows us to borrow or issue letters of credit (or otherwise satisfy credit needs) on a revolving basis over the term of the facility. As of December 31, 2013, $359 million was available under the Revolving Facility. Amounts outstanding under the Revolving Facility as of December 31, 2013, were denominated primarily in U.S. dollars and to a lesser extent in euros. | |||||||||||
The margin on LIBOR borrowings under the Revolving Facility, which can range from 0.9% to 1.575% depending on our credit rating, was 1.40% at December 31, 2013. The margin on alternate base rate borrowings under the Revolving Facility can range from 0.0% to 0.575%. We also pay an annual facility fee on the Revolving Facility based on our credit rating. The facility fee can range from 0.10% to 0.30 % and was 0.225% at December 31, 2013. | |||||||||||
We have $100 million in unsecured notes through a private placement debt transaction (the “Notes”). The Notes comprise $50 million in series A notes with a fixed interest rate of 4.57% and $50 million in series B notes with a fixed interest rate of 5.20%. The Notes are due in January 2021 with principal payments under the series A notes to begin in January 2015. | |||||||||||
We have three unsecured multi-currency revolving bank credit facilities with a total of $73 million in available credit, of which approximately $46 million was available at December 31, 2013. A $20 million facility expires in May 2014, a $30 million facility expires in October 2014, and a $23 million facility expires in December 2015. Interest on these facilities is based on LIBOR plus a margin. The margin ranges from 0.9% to 2.125%. We also have the ability to borrow from other banks, at the banks' discretion, under short-term uncommitted agreements. Various foreign subsidiaries maintain other lines of credit and overdraft facilities with a number of banks. | |||||||||||
We have a $24 million unsecured committed credit facility that expires in April 2014. Interest on this facility is based on LIBOR plus a margin, which ranges from 1.20% to 1.575%. As of December 31, 2013, $14 million was available under the facility. | |||||||||||
We have three unsecured letter of credit facilities totaling $179 million, of which approximately $70 million was available at December 31, 2013. A $54 million facility expires in December 2016, an $85 million facility expires in June 2015, and a $40 million facility expires in December 2015. The Revolving Facility and the multi-currency revolving credit facilities are also used for issuance of letters of credit and bank guarantees. | |||||||||||
Minimum repayments of long-term debt are as follows: | |||||||||||
(In millions) | Capital leases | Other long-term debt | Total | ||||||||
2014 | $ | 20.5 | 4.1 | 24.6 | |||||||
2015 | 20.7 | 13.7 | 34.4 | ||||||||
2016 | 13.7 | 9.1 | 22.8 | ||||||||
2017 | 10.4 | 129.7 | 140.1 | ||||||||
2018 | 6.4 | 7.1 | 13.5 | ||||||||
Later years | 4.7 | 115 | 119.7 | ||||||||
Total | $ | 76.4 | 278.7 | 355.1 | |||||||
The Revolving Facility, the Notes, the unsecured multi-currency revolving bank credit facilities, the unsecured committed credit facility and the letter of credit facilities contain subsidiary guarantees and various financial and other covenants. The financial covenants, among other things, limit our total indebtedness, limit priority debt, limit asset sales, limit the use of proceeds from asset sales and provide for minimum coverage of interest costs. The credit agreements do not provide for the acceleration of payments should our credit rating be reduced. If we were not to comply with the terms of our various credit 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 loan agreements. We were in compliance with all financial covenants at December 31, 2013. | |||||||||||
We have $43 million of bonds issued by the Peninsula Ports Authority of Virginia recorded as debt on our balance sheet. Although we are not the primary obligor of the debt, we have guaranteed the debt and we believe that we will ultimately pay this obligation. The guarantee originated as part of a former interest in Dominion Terminal Associates, a deep water coal terminal. We continue to pay interest on the debt. The bonds bear a fixed interest rate of 6.0% and mature in 2033. The bonds may mature prior to 2033 upon the occurrence of specified events such as the determination that the bonds are taxable or if we fail to abide by the terms of the guarantee. | |||||||||||
At December 31, 2013, we had undrawn letters of credit and guarantees totaling $137.0 million, including $109.0 million issued under the letter of credit facilities, $21.0 million issued under the multi-currency revolving bank credit facilities, and $7.1 million issued under other credit facilities. These letters of credit primarily support our obligations under various self-insurance programs and credit facilities. | |||||||||||
Capital Leases | |||||||||||
Property and equipment acquired under capital leases are included in property and equipment as follows: | |||||||||||
December 31, | |||||||||||
(In millions) | 2013 | 2012 | |||||||||
Asset class: | |||||||||||
Buildings | $ | 2.6 | 4.9 | ||||||||
Vehicles | 103.7 | 108.2 | |||||||||
Machinery and equipment | 31.8 | 36.5 | |||||||||
138.1 | 149.6 | ||||||||||
Less: accumulated amortization | -57.6 | -47.4 | |||||||||
Total | $ | 80.5 | 102.2 |
Accounts_Receivable
Accounts Receivable | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Receivables [Abstract] | ' | ||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||
Note 14 – Accounts Receivable | |||||||||||
December 31, | |||||||||||
(In millions) | 2013 | 2012 | |||||||||
Trade | $ | 595.2 | 590.7 | ||||||||
Other | 35.2 | 30.8 | |||||||||
Total accounts receivable | 630.4 | 621.5 | |||||||||
Allowance for doubtful accounts | -8.2 | -9.2 | |||||||||
Accounts receivable, net | $ | 622.2 | 612.3 | ||||||||
Years Ended December 31, | |||||||||||
(In millions) | 2013 | 2012 | 2011 | ||||||||
Allowance for doubtful accounts: | |||||||||||
Beginning of year | $ | 9.2 | 8.9 | 7.2 | |||||||
Provision for uncollectible accounts receivable: | |||||||||||
Continuing operations | 4.1 | 1.7 | 3 | ||||||||
Discontinued operations | 0.1 | 1 | 1 | ||||||||
Write offs less recoveries | -3.9 | -1 | -1.4 | ||||||||
Foreign currency exchange effects | -1.3 | -1.4 | -0.9 | ||||||||
End of year | $ | 8.2 | 9.2 | 8.9 | |||||||
Operating_Leases
Operating Leases | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Leases, Operating [Abstract] | ' | ||||||||||
Leases of Lessee Disclosure [Text Block] | ' | ||||||||||
Note 15 – Operating Leases | |||||||||||
We lease facilities, vehicles, computers and other equipment under long-term operating and capital leases with varying terms. Most of the operating leases contain renewal and/or purchase options. We expect that in the normal course of business, the majority of operating leases will be renewed or replaced by other leases. | |||||||||||
As of December 31, 2013, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year are included below. | |||||||||||
(In millions) | Facilities | Vehicles | Other | Total | |||||||
2014 | $ | 55 | 13.4 | 13.1 | 81.5 | ||||||
2015 | 42.3 | 8.2 | 14.8 | 65.3 | |||||||
2016 | 29.8 | 3.3 | 15.6 | 48.7 | |||||||
2017 | 21.4 | 0.5 | 0.1 | 22 | |||||||
2018 | 15.7 | 0.2 | - | 15.9 | |||||||
Later years | 43 | - | - | 43 | |||||||
$ | 207.2 | 25.6 | 43.6 | 276.4 | |||||||
In North America, most of the armored vehicles used by our U.S. operations are accounted for as operating leases. The cost related to these leases is recognized as rental expense in the consolidated statements of income. Since March 2009, we have acquired armored vehicles in the U.S. either by purchasing or by leasing under agreements that we have accounted for as capital leases. The cost of vehicles under capital lease is recognized as depreciation and interest expense. | |||||||||||
Net rent expense included in continuing operations amounted to $106.8 million in 2013, $97.1 million in 2012 and $101.2 million in 2011. |
ShareBased_Compensation_Plans
Share-Based Compensation Plans | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Share-based compensation plans [Abstract] | ' | ||||||||||||||||
Share-based compensation plans | ' | ||||||||||||||||
Note 16 – Share-Based Compensation Plans | |||||||||||||||||
We have share-based compensation plans to retain employees and nonemployee directors and to more closely align their interests with those of our shareholders. | |||||||||||||||||
Non-Vested Shares and Stock Options | |||||||||||||||||
The 2005 Equity Incentive Plan (the “2005 Plan”) and the 2013 Equity Incentive Plan (the “2013 Plan”) permit grants of restricted stock, restricted stock units, performance stock, performance units, stock appreciation rights, stock options, as well as other share-based awards to eligible employees. The 2013 Plan also permits cash awards to eligible employees. The 2005 Plan was replaced by the 2013 Equity Incentive Plan effective in February 2013. No further grants of awards will be made under the 2005 Plan. | |||||||||||||||||
Directors are eligible for share-based awards through the Non-Employee Directors' Equity Plan (the “Directors' Plan”). To date, we have granted only deferred stock units under the Directors' Plan. There are also outstanding stock options granted to directors under a prior plan, the Non-Employee Directors' Stock Option Plan (the “Prior Directors' Plan”). | |||||||||||||||||
There are 3.5 million shares underlying share-based plans that are authorized, but not yet granted. Outstanding awards at December 31, 2013 include performance share units (“PSUs”), market share units (“MSUs”), restricted stock units (“RSUs”), deferred stock units (“DSUs”) and stock options. | |||||||||||||||||
General Terms | |||||||||||||||||
PSUs granted in 2013 reward the achievement of pre-established financial goals over the performance period (April 1, 2013, through December 31, 2015) and will be paid out in shares of Brink's common stock. Threshold, target and maximum levels of the financial goal performance were established, which correspond to payouts between 0% and 200% of target. In addition, the number of shares issued are subject to a +/- 25% multiplier that will be applied to the payout based on Brink's total shareholder return (“TSR”) relative to companies in the S&P 500 index. TSR at or above the 75th percentile will result in the application of a +25% multiplier to PSU payouts while TSR at or below the 25th percentile will result in the application of a -25% multiplier to PSU payouts. There is no multiplier applied to PSU payouts if TSR performance is between the 25th and 75th percentile. | |||||||||||||||||
MSUs granted in 2013 will be paid out in shares of Brink's common stock at the end of the performance period (April 1, 2013, through December 31, 2015) at a rate of 0 to 150% of a target number of shares awarded. The multiplier is calculated as the ratio of the price of Brink's stock at the end of the performance period divided by the price of Brink's stock at the beginning of the performance period. If the price of Brink's common stock at the end of the performance period is less than 50% of the initial price, no payout for MSUs will occur. | |||||||||||||||||
RSUs granted will be paid out in shares of Brink's common stock when they vest, generally ratably in three equal annual installments. | |||||||||||||||||
Stock options (none granted in 2013) were granted at a price not less than the average quoted market price on the date of grant. Options granted to employees have a maximum term of six years and options granted to directors have a maximum term of ten years. | |||||||||||||||||
Expense recognition | |||||||||||||||||
Compensation expense related to share-based awards granted to employees is recognized from the grant date to the earlier of the retirement eligible date or the stated vesting date. Compensation expense related to deferred stock units granted to directors is recognized in its entirety at the grant date. Compensation expense is classified as selling, general and administrative expenses in the consolidated statements of income. | |||||||||||||||||
Method and Assumptions Used to Estimate Fair Value | |||||||||||||||||
The fair value of RSUs and DSUs was measured at the date of grant based on the price of Brink's common stock, adjusted for a discount on units that do not receive or accrue dividends. | |||||||||||||||||
The fair value of PSUs and MSUs was estimated using a Monte-Carlo simulation with the following estimated weighted-average assumptions: | |||||||||||||||||
Assumptions Used to Estimate Fair Value of 2013 Grants of PSUs and MSUs | PSUs | MSUs | |||||||||||||||
Number of target shares, in thousands | 210 | 96 | |||||||||||||||
Assumptions used to estimate fair value | |||||||||||||||||
Beginning average price of Brink’s common stock(a) | $ | 27.59 | 27.59 | ||||||||||||||
Expected dividend yield for the TSR provision of PSU awards(b) | 0% | n/a | |||||||||||||||
Expected dividend yield for PSUs and MSUs(c) | 0% | 0% | |||||||||||||||
Expected volatility(d) | 39% | 39% | |||||||||||||||
Risk-free interest rate | 0.30% | 0.30% | |||||||||||||||
Expected term in years(e) | 2.7 | 2.7 | |||||||||||||||
Weighted-average fair value estimates at grant date(f): | |||||||||||||||||
In millions | $ | 5.5 | 2.5 | ||||||||||||||
Fair value per share | $ | 26.22 | 26.42 | ||||||||||||||
The beginning average price of Brink's common stock was based on the 20-day trading average price from March 4, 2013 to April 1, 2013. | |||||||||||||||||
The expected dividend yield for the TSR provision of the PSU awards assumes that dividends are reinvested. The stock price projection assumes a 0% dividend yield, which is equivalent to reinvesting dividends over the performance period. | |||||||||||||||||
The expected yield is 0% because neither the PSUs nor the MSUs are entitled to dividends during the performance period. | |||||||||||||||||
The expected volatility was estimated after reviewing the historical volatility of our stock using daily close prices. | |||||||||||||||||
The expected term of the awards was based on the performance measurement period ending December 31, 2015. | |||||||||||||||||
For PSUs, the grant date fair value is based on the target level of the award. Total compensation cost of the PSUs recognized is subject to adjustment based on the actual level of achievement of the underlying financial goal. | |||||||||||||||||
The fair value of stock options was estimated at the time of grant using the Black-Scholes option-pricing model. For those awards subject to a ratable vesting schedule, fair value was measured for each separately vesting portion of the award as if the award were comprised of three separate individual awards. The fair value of options granted during 2012 and 2011 was calculated using the following estimated weighted-average assumptions: | |||||||||||||||||
Years Ended December 31, | |||||||||||||||||
Assumptions Used to Estimate Fair Value of Grants of Stock Options | 2012 | 2011 | |||||||||||||||
Number of shares underlying options, in thousands | 396 | 290 | |||||||||||||||
Weighted-average exercise price per share | $ | 22.55 | 31.47 | ||||||||||||||
Assumptions used to estimate fair value | |||||||||||||||||
Expected dividend yield(a): | |||||||||||||||||
Weighted-average | 1.80% | 1.30% | |||||||||||||||
Expected volatility(b): | |||||||||||||||||
Weighted-average | 40% | 36% | |||||||||||||||
Range | 39% | – | 40% | 36% | – | 37% | |||||||||||
Risk-free interest rate: | |||||||||||||||||
Weighted-average | 0.60% | 1.20% | |||||||||||||||
Range | 0.40% | – | 0.90% | 0.50% | – | 1.90% | |||||||||||
Expected term in years(c): | |||||||||||||||||
Weighted-average | 4.3 | 3.8 | |||||||||||||||
Range | 3.3 | – | 5.3 | 1.9 | – | 5.3 | |||||||||||
Weighted-average fair value estimates at grant date: | |||||||||||||||||
In millions | $ | 2.5 | 2.4 | ||||||||||||||
Fair value per share | $ | 6.32 | 8.17 | ||||||||||||||
The expected dividend yield is the calculated yield on Brink's common stock at the time of the grant. | |||||||||||||||||
The expected volatility was estimated after reviewing the historical volatility of our stock using daily close prices. | |||||||||||||||||
The expected term of the options was based on historical option exercise, expiration and post-vesting cancellation behaviors. | |||||||||||||||||
As of December 31, 2013, total unrecognized compensation cost related to previously granted awards expected to be recognized are as follows: | |||||||||||||||||
$4.4 million associated with RSUs over a weighted average period of 1.7 years, | |||||||||||||||||
$3.8 million associated with PSUs over a weighted average period of 1.8 years, | |||||||||||||||||
$0.8 million associated with MSUs over a weighted average period of 0.4 years, | |||||||||||||||||
$0.3 million associated with options over a weighted average period of 1.1 years. | |||||||||||||||||
The following tables below summarize the activity in all plans for PSUs, MSUs, RSUs and DSUs. | |||||||||||||||||
Nonvested Share Activity - MSUs and PSUs | |||||||||||||||||
Number of shares | Weighted-Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
(in thousands of shares, except for per share amounts) | PSUs | MSUs | Total | Fair Value | |||||||||||||
Balance as of December 31, 2012 | - | - | - | $ | - | ||||||||||||
Granted | 210.4 | 96.2 | 306.6 | 26.28 | |||||||||||||
Cancelled awards | -11.1 | - | -11.1 | 26.22 | |||||||||||||
Balance as of December 31, 2013 | 199.3 | 96.2 | 295.5 | $ | 26.28 | ||||||||||||
Nonvested Share Activity - RSUs and DSUs | |||||||||||||||||
Number of shares | Weighted-Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
(in thousands of shares, except for per share amounts) | RSUs | DSUs | Total | Fair Value | |||||||||||||
Balance as of December 31, 2010 | 299.5 | 29.1 | 328.6 | $ | 22.84 | ||||||||||||
Granted | 143.7 | 15.8 | 159.5 | 30.43 | |||||||||||||
Cancelled awards | -16.5 | - | -16.5 | 23.65 | |||||||||||||
Vested | -127.1 | -29.1 | -156.2 | 24.13 | |||||||||||||
Balance as of December 31, 2011 | 299.6 | 15.8 | 315.4 | 25.99 | |||||||||||||
Granted | 321 | 23 | 344 | 22.21 | |||||||||||||
Cancelled awards | -21.3 | - | -21.3 | 24.53 | |||||||||||||
Vested | -191.4 | -15.8 | -207.2 | 25.68 | |||||||||||||
Balance as of December 31, 2012 | 407.9 | 23 | 430.9 | 23.19 | |||||||||||||
Granted | 206.6 | 19.2 | 225.8 | 26.22 | |||||||||||||
Cancelled awards | -66.9 | - | -66.9 | 24.16 | |||||||||||||
Vested | -151.2 | -23 | -174.2 | 23.19 | |||||||||||||
Balance as of December 31, 2013 | 396.4 | 19.2 | 415.6 | $ | 24.68 | ||||||||||||
Option Activity | |||||||||||||||||
The table below summarizes the activity in all plans for options of our common stock. | |||||||||||||||||
Weighted-Average | Aggregate | ||||||||||||||||
Shares | Weighted- Average | Remaining Contractual | Intrinsic Value | ||||||||||||||
(in thousands) | Exercise Price Per Share | Term (in years) | (in millions) | ||||||||||||||
Outstanding at December 31, 2010 | 3,355 | 29.1 | |||||||||||||||
Granted | 290 | 31.47 | |||||||||||||||
Exercised | -562 | 20.66 | |||||||||||||||
Forfeited or expired | -116 | 29.47 | |||||||||||||||
Outstanding at December 31, 2011 | 2,967 | 30.92 | |||||||||||||||
Granted | 396 | 22.55 | |||||||||||||||
Exercised | -71 | 19.04 | |||||||||||||||
Forfeited or expired | -680 | 29.92 | |||||||||||||||
Outstanding at December 31, 2012 | 2,612 | 30.23 | |||||||||||||||
Granted | - | - | |||||||||||||||
Exercised | -302 | 22.3 | |||||||||||||||
Forfeited or expired | -835 | 34.25 | |||||||||||||||
Outstanding at December 31, 2013 | |||||||||||||||||
1,475 | $ | 29.58 | 2.3 | $ | 7.2 | ||||||||||||
Of the above, as of December 31, 2013: | |||||||||||||||||
Exercisable | 1,154 | $ | 30.92 | 1.7 | $ | 4.2 | |||||||||||
Expected to vest in future periods(a) | 314 | $ | 24.81 | 4.3 | $ | 2.9 | |||||||||||
(a) The number of options expected to vest takes into account an estimate of expected forfeitures. | |||||||||||||||||
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, 2013, was $34.14 per share. The total intrinsic value of options exercised was $2.0 million ($6.74 per share) in 2013, $0.6 million ($8.07 per share) in 2012, and $5.6 million ($9.99 per share) in 2011. The total grant-date fair value of options that vested during 2013 was $1.8 million, during 2012 was $1.8 million and during 2011 was $3.2 million. | |||||||||||||||||
There were 1.2 million shares of exercisable options with a weighted-average exercise price of $30.92 per share at December 31, 2013. There were 2.0 million shares of exercisable options with a weighted-average exercise price of $32.15 per share at December 31, 2012, and 2.4 million shares of exercisable options with a weighted-average exercise price of $32.03 per share at December 31, 2011. | |||||||||||||||||
Other Share-Based Compensation | |||||||||||||||||
We have a deferred compensation plan that allows participants to defer a portion of their compensation into common stock units. Units may be redeemed by employees for an equal number of shares of Brink's common stock. Employee accounts held 222,227 units at December 31, 2013, and 421,846 units at December 31, 2012. | |||||||||||||||||
We have a stock accumulation plan for our non-employee directors denominated in Brink's common stock units. Directors' accounts held 72,541 units at December 31, 2013, and 64,670 units at December 31, 2012. |
Capital_Stock
Capital Stock | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Notes to Financial Statements [Abstract] | ' | |||||||
Capital stock | ' | |||||||
Note 17 – Capital Stock | ||||||||
Common Stock | ||||||||
At December 31, 2013, we had 100 million shares of common stock authorized and 48.4 million shares issued and outstanding. | ||||||||
Shares Contributed to U.S. Pension Plan | ||||||||
On March 6, 2012, we issued 361,446 shares of our common stock and contributed the shares to our primary U.S. pension plan. Sales of these shares by the plan are covered under our shelf registration statement. The common stock was valued for purposes of the contribution at $24.90 per share, or $9 million in the aggregate, which reflected a 2.4% discount from the $25.51 per share closing share price of our common stock on March 5, 2012. | ||||||||
Dividends | ||||||||
We paid regular quarterly dividends on our common stock during the last three years. On January 16, 2014, the board declared a regular quarterly dividend of 10 cents per share payable on March 3, 2014. The payment of future dividends is at the discretion of the board of directors and is dependent on our future earnings, financial condition, shareholder equity levels, cash flow, business requirements and other factors. | ||||||||
Shelf Registration of Common Stock | ||||||||
On February 28, 2012, we filed a shelf registration statement under Form S-3ASR with the SEC for $150 million of our common stock. At December 31, 2013, $141.5 million remains available under this shelf registration. | ||||||||
Preferred Stock | ||||||||
At December 31, 2013, we had the authority to issue up to 2.0 million shares of preferred stock with a par value of $10 per share. | ||||||||
Shares Used to Calculate Earnings per Share | ||||||||
Years Ended December 31, | ||||||||
(In millions) | 2013 | 2012 | 2011 | |||||
Weighted-average shares | ||||||||
Basic(a) | 48.7 | 48.4 | 47.8 | |||||
Effect of dilutive stock awards | 0.3 | 0.2 | 0.3 | |||||
Diluted(a) | 49 | 48.6 | 48.1 | |||||
Antidilutive stock awards excluded from denominator | 1.3 | 2.4 | 2.3 | |||||
(a) We have deferred compensation plans for directors and certain of our employees. 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 units credited to employees and directors under the deferred compensation plans. Additionally, non-participating restricted stock units 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 0.6 million in 2013, 0.9 million in 2012 and 1.1 million in 2011. | ||||||||
Loss_from_Discontinued_Operati
Loss from Discontinued Operations | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||
Income from discontinued operations [Text Block] | ' | |||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Loss from operations(a)(b) | $ | -26 | -22.5 | -21.8 | ||||||
Gain (loss) on sales(a) | 16.3 | -0.3 | - | |||||||
Settlement loss related to Belgium bankruptcy | - | - | -10.1 | |||||||
Adjustments to contingencies of former operations(c): | ||||||||||
Workers’ compensation | -1.7 | -0.2 | -1.4 | |||||||
Gain from Federal Black Lung Excise Tax refunds | - | - | 4.2 | |||||||
Other | 1 | -0.3 | -0.6 | |||||||
Loss from discontinued operations before income taxes | -10.4 | -23.3 | -29.7 | |||||||
Provision (benefit) for income taxes | 4.7 | -1 | -3.9 | |||||||
Loss from discontinued operations, net of tax | $ | -15.1 | -22.3 | -25.8 | ||||||
Discontinued operations include gains and losses related to businesses that Brink's recently sold or shut down. These include ICD Limited and its affiliates, Threshold Financial Technologies Inc. in Canada, cash-in-transit operations in Germany, Hungary, Turkey, Poland, and Belgium, and guarding operations in France, Morocco, and Germany. Interest expense included in discontinued operations was $0.4 million in 2013, and $0.7 million in 2012 and $0.9 million in 2011. | ||||||||||
The loss from operations in 2013 includes $16.2 million of severance expenses paid to terminate certain employees of the German cash-in-transit operations. We contributed a portion of the cost to fund the severance payments to the business prior to the execution of the sale transaction. | ||||||||||
Primarily relates to former coal businesses and BAX Global, a former freight forwarding and logistics business. | ||||||||||
Cash-in-transit operations sold or shut down: | ||||||||||
Poland (sold in March 2013) | ||||||||||
Turkey (shut down in June 2013) | ||||||||||
Hungary (sold in September 2013) | ||||||||||
Germany (sold in December 2013) | ||||||||||
Our former CIT operation in Belgium filed for bankruptcy in November 2010, after a restructuring plan was rejected by local union employees, and was placed in bankruptcy on February 2, 2011. We deconsolidated the Belgium subsidiary in 2010. In 2011, we recognized a $10.1 million settlement loss related to a claim filed by the court-appointed provisional administrators of our former Belgium subsidiary. | ||||||||||
Guarding operations sold: | ||||||||||
Morocco (December 2012) | ||||||||||
France (January 2013) | ||||||||||
Germany (July 2013) | ||||||||||
Other operations sold: | ||||||||||
We sold Threshold Financial Technologies, Inc. in Canada in November 2013. Threshold operated private-label ATM network and payment processing businesses. Brink's continues to own and operate Brink's Integrated Managed Services for ATM customers. | ||||||||||
We sold ICD Limited and other affiliated subsidiaries in November 2013. ICD designed and installed security systems for commercial customers and had operations in China and other locations in Asia. | ||||||||||
The results of the above disposed operations have been excluded from continuing operations and are reported as discontinued operations for the current and prior periods. The table below shows revenues by business segment which have been reclassified to discontinued operations: | ||||||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
EMEA | $ | 77.6 | 136.9 | 153.9 | ||||||
North America | 41.2 | 52.1 | 50.8 | |||||||
Asia Pacific | 23.6 | 22.5 | 17.9 | |||||||
Total | $ | 142.4 | 211.5 | 222.6 | ||||||
Federal Black Lung Excise Tax (“FBLET”) refunds | ||||||||||
The Energy Improvement and Extension Act of 2008 enabled taxpayers to file claims for FBLET refunds for periods prior to those open under the statute of limitations previously applicable to us. In 2009, we received $23.9 million of FBLET refunds and recognized the majority of these refunds as a pretax gain of $19.7 million in 2009. The statute of limitations expired in 2011 and we recognized a pretax gain of $4.2 million for the remaining portion of the refund. | ||||||||||
Note 18 – Loss from Discontinued Operations | ||||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Loss from operations(a)(b) | $ | -26 | -22.5 | -21.8 | ||||||
Gain (loss) on sales(a) | 16.3 | -0.3 | - | |||||||
Settlement loss related to Belgium bankruptcy | - | - | -10.1 | |||||||
Adjustments to contingencies of former operations(c): | ||||||||||
Workers’ compensation | -1.7 | -0.2 | -1.4 | |||||||
Gain from Federal Black Lung Excise Tax refunds | - | - | 4.2 | |||||||
Other | 1 | -0.3 | -0.6 | |||||||
Loss from discontinued operations before income taxes | -10.4 | -23.3 | -29.7 | |||||||
Provision (benefit) for income taxes | 4.7 | -1 | -3.9 | |||||||
Loss from discontinued operations, net of tax | $ | -15.1 | -22.3 | -25.8 | ||||||
Discontinued operations include gains and losses related to businesses that Brink's recently sold or shut down. These include ICD Limited and its affiliates, Threshold Financial Technologies Inc. in Canada, cash-in-transit operations in Germany, Hungary, Turkey, Poland, and Belgium, and guarding operations in France, Morocco, and Germany. Interest expense included in discontinued operations was $0.4 million in 2013, and $0.7 million in 2012 and $0.9 million in 2011. | ||||||||||
The loss from operations in 2013 includes $16.2 million of severance expenses paid to terminate certain employees of the German cash-in-transit operations. We contributed a portion of the cost to fund the severance payments to the business prior to the execution of the sale transaction. | ||||||||||
Primarily relates to former coal businesses and BAX Global, a former freight forwarding and logistics business. | ||||||||||
Cash-in-transit operations sold or shut down: | ||||||||||
Poland (sold in March 2013) | ||||||||||
Turkey (shut down in June 2013) | ||||||||||
Hungary (sold in September 2013) | ||||||||||
Germany (sold in December 2013) | ||||||||||
Our former CIT operation in Belgium filed for bankruptcy in November 2010, after a restructuring plan was rejected by local union employees, and was placed in bankruptcy on February 2, 2011. We deconsolidated the Belgium subsidiary in 2010. In 2011, we recognized a $10.1 million settlement loss related to a claim filed by the court-appointed provisional administrators of our former Belgium subsidiary. | ||||||||||
Guarding operations sold: | ||||||||||
Morocco (December 2012) | ||||||||||
France (January 2013) | ||||||||||
Germany (July 2013) | ||||||||||
Other operations sold: | ||||||||||
We sold Threshold Financial Technologies, Inc. in Canada in November 2013. Threshold operated private-label ATM network and payment processing businesses. Brink's continues to own and operate Brink's Integrated Managed Services for ATM customers. | ||||||||||
We sold ICD Limited and other affiliated subsidiaries in November 2013. ICD designed and installed security systems for commercial customers and had operations in China and other locations in Asia. | ||||||||||
The results of the above disposed operations have been excluded from continuing operations and are reported as discontinued operations for the current and prior periods. The table below shows revenues by business segment which have been reclassified to discontinued operations: | ||||||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
EMEA | $ | 77.6 | 136.9 | 153.9 | ||||||
North America | 41.2 | 52.1 | 50.8 | |||||||
Asia Pacific | 23.6 | 22.5 | 17.9 | |||||||
Total | $ | 142.4 | 211.5 | 222.6 | ||||||
The table below shows revenues and losses from operations before tax for the German cash-in-transit operation which was sold in 2013: | ||||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
German CIT Operation: | ||||||||||
Revenues | $ | 56.4 | 57.7 | 62.4 | ||||||
Losses from operations before tax | -24.3 | -10 | -11.1 | |||||||
Federal Black Lung Excise Tax (“FBLET”) refunds | ||||||||||
The Energy Improvement and Extension Act of 2008 enabled taxpayers to file claims for FBLET refunds for periods prior to those open under the statute of limitations previously applicable to us. In 2009, we received $23.9 million of FBLET refunds and recognized the majority of these refunds as a pretax gain of $19.7 million in 2009. The statute of limitations expired in 2011 and we recognized a pretax gain of $4.2 million for the remaining portion of the refund. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||||
Supplemental cash flow information | ' | |||||||||
Note 19 – Supplemental Cash Flow Information | ||||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Cash paid for: | ||||||||||
Interest | $ | 23.7 | 22.7 | 22.3 | ||||||
Income taxes, net | 92.7 | 89.3 | 79.8 | |||||||
We acquired armored vehicles, CompuSafe® units and other equipment under capital lease arrangements in the last three years including $5.5 million in 2013, $18.1 million in 2012 and $43.0 million in 2011. Some of the assets acquired under these leases in 2011 were part of sales-leaseback transactions of assets that were previously owned. Proceeds from sale of these assets were $17.6 million in 2011. The proceeds approximated net book value on the dates of the transactions. Related gains and losses were not material. | ||||||||||
We contributed $9 million of Brink's common stock to our primary U.S. pension plan in 2012. | ||||||||||
Other_Operating_Income_Expense
Other Operating Income (Expense) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Income and Expenses [Abstract] | ' | ||||||||||
Other Income and Other Expense Disclosure [Text Block] | ' | ||||||||||
Note 20 – Other Operating Income (Expense) | |||||||||||
Years Ended December 31, | |||||||||||
(In millions) | 2013 | 2012 | 2011 | ||||||||
Share in earnings of equity affiliates | $ | 6.7 | 6 | 4.8 | |||||||
Gains on business acquisitions and dispositions | 2.8 | 0.8 | 9.2 | ||||||||
Royalty income | 1.9 | 2.1 | 1.7 | ||||||||
Gains on sale of property and other assets | 2.4 | 7.6 | 1.2 | ||||||||
Impairment losses | -2.9 | -2.4 | -2.4 | ||||||||
Foreign currency items: | |||||||||||
Transaction losses | -20.2 | -4.2 | -3.7 | ||||||||
Hedge gains (losses) | -0.4 | 0.2 | 2.2 | ||||||||
Other | 0.3 | 0.9 | 5 | ||||||||
Other operating income (expense) | $ | -9.4 | 11 | 18 |
Interest_and_Other_Nonoperatin
Interest and Other Nonoperating Income (Expense) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Interest and Other Income [Abstract] | ' | ||||||||
Interest and Other Income [Text Block] | ' | ||||||||
Note 21 – Interest and Other Nonoperating Income (Expense) | |||||||||
Years Ended December 31, | |||||||||
(In millions) | 2013 | 2012 | 2011 | ||||||
Interest income | $ | 2.7 | 4.8 | 5.7 | |||||
Gain on available-for-sale securities | 0.4 | 2.9 | 4.4 | ||||||
Foreign currency hedge losses | -1 | - | - | ||||||
Other | -0.5 | -0.5 | -1.2 | ||||||
Total | $ | 1.6 | 7.2 | 8.9 |
Other_Commitments_and_Continge
Other Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
On June 19, 2008, a lawsuit captioned Del Valle Gurria S.C. v. Servicio Pan Americano de Protección, S.A. de C.V. was filed with the Twenty-third Civil Judge in the Federal District in Mexico (the “Court”) against Servicio Pan American de Proteccion, S.A. de C.V. (SERPAPROSA), the Mexico subsidiary that we acquired in November 2010. The plaintiff claims it is owed legal fees and corresponding value-added tax (VAT), interest and expenses related to its legal representation of SERPAPROSA in connection with tax audits conducted to the 1991, 1992 and 1994 fiscal years. On October 28, 2010, the Court issued a decision in favor of SERPAPROSA in part and the plaintiff in part, ordering SERPAPROSA to pay the plaintiff $0.4 million for its previous representation of SERPAPROSA. Between November 2010 and October 2013, the judgment was subject to multiple appeals by both parties to the Fifth Civil Court of Appeal of the Federal District in Mexico (the “Fifth Civil Court of Appeal”) and to the First Civil Collegiate Tribunal of the First Circuit in Mexico (the “First Civil Collegiate Tribunal”), and was remanded twice to the Court for determination of the fees to be paid to the plaintiff. On December 6, 2013, the Fifth Civil Court of Appeal issued a decision in favor of the plaintiff, modifying the lower court's ruling and ordering SERPAPROSA to pay the plaintiff $7.4 million plus VAT and interest for its previous representation of SERPAPROSA. SERPAPROSA filed a constitutional injunction on January 20, 2014 with the First Civil Collegiate Tribunal. The Company has accrued $3.1 million, reflecting the Company's best estimate of exposure, although additional reasonably possible losses could be up to $10 million, based on currency exchange rates at December 31, 2013. The ultimate resolution of this matter is unknown and the estimated liability may change in the future. The Company denies the allegations asserted by the plaintiff and is vigorously defending itself in this matter. | |
In addition, we are involved in various other lawsuits and claims in the ordinary course of business. We are not able to estimate the loss or range of losses for some of these matters. We have recorded accruals for losses that are considered probable and reasonably estimable. Except as otherwise noted, we do not believe that the ultimate disposition of any of the lawsuits currently pending against the Company should have a material adverse effect on our liquidity, financial position or results of operations. | |
On June 19, 2008, a lawsuit captioned Del Valle Gurria S.C. v. Servicio Pan Americano de Protección, S.A. de C.V. was filed with the Twenty-third Civil Judge in the Federal District in Mexico (the “Court”) against Servicio Pan American de Proteccion, S.A. de C.V. (SERPAPROSA), the Mexico subsidiary that we acquired in November 2010. The plaintiff claims it is owed legal fees and corresponding value-added tax (VAT), interest and expenses related to its legal representation of SERPAPROSA in connection with tax audits conducted to the 1991, 1992 and 1994 fiscal years. On October 28, 2010, the Court issued a decision in favor of SERPAPROSA in part and the plaintiff in part, ordering SERPAPROSA to pay the plaintiff $0.4 million for its previous representation of SERPAPROSA. Between November 2010 and October 2013, the judgment was subject to multiple appeals by both parties to the Fifth Civil Court of Appeal of the Federal District in Mexico (the “Fifth Civil Court of Appeal”) and to the First Civil Collegiate Tribunal of the First Circuit in Mexico (the “First Civil Collegiate Tribunal”), and was remanded twice to the Court for determination of the fees to be paid to the plaintiff. On December 6, 2013, the Fifth Civil Court of Appeal issued a decision in favor of the plaintiff, modifying the lower court's ruling and ordering SERPAPROSA to pay the plaintiff $7.4 million plus VAT and interest for its previous representation of SERPAPROSA. SERPAPROSA filed a constitutional injunction on January 20, 2014 with the First Civil Collegiate Tribunal. The Company has accrued $3.1 million, reflecting the Company's best estimate of exposure, although additional reasonably possible losses could be up to $10 million, based on currency exchange rates at December 31, 2013. The ultimate resolution of this matter is unknown and the estimated liability may change in the future. The Company denies the allegations asserted by the plaintiff and is vigorously defending itself in this matter. | |
In addition, we are involved in various other lawsuits and claims in the ordinary course of business. We are not able to estimate the loss or range of losses for some of these matters. We have recorded accruals for losses that are considered probable and reasonably estimable. Except as otherwise noted, we do not believe that the ultimate disposition of any of the lawsuits currently pending against the Company should have a material adverse effect on our liquidity, financial position or results of operations. | |
Note 22 – Other Commitments and Contingencies | |
On June 19, 2008, a lawsuit captioned Del Valle Gurria S.C. v. Servicio Pan Americano de Protección, S.A. de C.V. was filed with the Twenty-third Civil Judge in the Federal District in Mexico (the “Court”) against Servicio Pan American de Proteccion, S.A. de C.V. (SERPAPROSA), the Mexico subsidiary that we acquired in November 2010. The plaintiff claims it is owed legal fees and corresponding value-added tax (VAT), interest and expenses related to its legal representation of SERPAPROSA in connection with tax audits conducted to the 1991, 1992 and 1994 fiscal years. On October 28, 2010, the Court issued a decision in favor of SERPAPROSA in part and the plaintiff in part, ordering SERPAPROSA to pay the plaintiff $0.4 million for its previous representation of SERPAPROSA. Between November 2010 and October 2013, the judgment was subject to multiple appeals by both parties to the Fifth Civil Court of Appeal of the Federal District in Mexico (the “Fifth Civil Court of Appeal”) and to the First Civil Collegiate Tribunal of the First Circuit in Mexico (the “First Civil Collegiate Tribunal”), and was remanded twice to the Court for determination of the fees to be paid to the plaintiff. On December 6, 2013, the Fifth Civil Court of Appeal issued a decision in favor of the plaintiff, modifying the lower court's ruling and ordering SERPAPROSA to pay the plaintiff $7.4 million plus VAT and interest for its previous representation of SERPAPROSA. SERPAPROSA filed a constitutional injunction on January 20, 2014 with the First Civil Collegiate Tribunal. The Company has accrued $3.1 million, reflecting the Company's best estimate of exposure, although additional reasonably possible losses could be up to $10 million, based on currency exchange rates at December 31, 2013. The ultimate resolution of this matter is unknown and the estimated liability may change in the future. The Company denies the allegations asserted by the plaintiff and is vigorously defending itself in this matter. | |
In addition, we are involved in various other lawsuits and claims in the ordinary course of business. We are not able to estimate the loss or range of losses for some of these matters. We have recorded accruals for losses that are considered probable and reasonably estimable. Except as otherwise noted, we do not believe that the ultimate disposition of any of the lawsuits currently pending against the Company should have a material adverse effect on our liquidity, financial position or results of operations. | |
At December 31, 2013, we had noncancellable commitments for $20.7 million in equipment purchases, and information technology and other services. |
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data (unaudited) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||
Quarterly Financial Data [Abstract] | ' | ' | ||||||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ' | ||||||||||||||||||||
Note 23 – Selected Quarterly Financial Data (unaudited) | ||||||||||||||||||||||
2013 Quarters | 2012 Quarters | |||||||||||||||||||||
(In millions, except for per share amounts) | 1st | 2nd | 3rd | 4th | 1st | 2nd | 3rd | 4th | ||||||||||||||
Revenues | $ | 950.5 | 969.9 | 982.4 | 1,039.40 | $ | 917.1 | 914.6 | 926.2 | 977.1 | ||||||||||||
Segment operating profit | 34.3 | 54.4 | 79.9 | 84.2 | 73.1 | 52.1 | 67 | 71.7 | ||||||||||||||
Operating profit | 17.3 | 32.8 | 59.2 | 62.4 | 48.8 | 30.8 | 45 | 50.4 | ||||||||||||||
Amounts attributable to Brink’s: | ||||||||||||||||||||||
Income (loss) from: | ||||||||||||||||||||||
Continuing operations | $ | 2.9 | 13.2 | 29.8 | 26 | $ | 22.5 | 33.6 | 21.1 | 34 | ||||||||||||
Discontinued operations | -19.5 | -4.5 | -6 | 14.9 | -5.5 | -3.1 | -7.6 | -6.1 | ||||||||||||||
Net income (loss) attributable to Brink’s | $ | -16.6 | 8.7 | 23.8 | 40.9 | $ | 17 | 30.5 | 13.5 | 27.9 | ||||||||||||
Depreciation and amortization | $ | 42.1 | 42.2 | 42.3 | 47 | $ | 38.7 | 38.2 | 38.4 | 40.4 | ||||||||||||
Capital expenditures | 33.4 | 44.8 | 44 | 55.5 | 32 | 35.9 | 44.1 | 65.9 | ||||||||||||||
Earnings (loss) per share attributable to Brink’s common shareholders: | ||||||||||||||||||||||
Basic | ||||||||||||||||||||||
Continuing operations | $ | 0.06 | 0.27 | 0.61 | 0.53 | $ | 0.47 | 0.69 | 0.44 | 0.7 | ||||||||||||
Discontinued operations | -0.4 | -0.09 | -0.12 | 0.31 | -0.11 | -0.06 | -0.16 | -0.13 | ||||||||||||||
Net income | $ | -0.34 | 0.18 | 0.49 | 0.84 | $ | 0.35 | 0.63 | 0.28 | 0.58 | ||||||||||||
Diluted | ||||||||||||||||||||||
Continuing operations | $ | 0.06 | 0.27 | 0.61 | 0.53 | $ | 0.47 | 0.69 | 0.43 | 0.7 | ||||||||||||
Discontinued operations | -0.4 | -0.09 | -0.12 | 0.3 | -0.11 | -0.06 | -0.16 | -0.13 | ||||||||||||||
Net income | $ | -0.34 | 0.18 | 0.49 | 0.83 | $ | 0.35 | 0.63 | 0.28 | 0.57 | ||||||||||||
Earnings per share. Earnings per share amounts for each quarter are required to be computed independently. As a result, their sum may not equal the annual earnings per share. | ||||||||||||||||||||||
Discontinued operations. In 2013, we completed the divestitures of cash-in-transit operations in Poland, Turkey, Hungary, and Germany as well as guarding operations in France and an aviation security services business in Germany. We also sold ICD Limited and its affiliates and Threshold Financial Technology Inc. in Canada in 2013. In 2012, we completed the divestiture of our guarding operations in Morocco. | ||||||||||||||||||||||
The results of these operations have been excluded from continuing operations and are reported as discontinued operations for all periods. | ||||||||||||||||||||||
Significant items in a quarter. | ||||||||||||||||||||||
In the first quarter of 2013, we recognized $13.4 million in foreign currency exchange losses related to a February 2013 devaluation of the official exchange rate in Venezuela. In the same quarter, we also recognized an $18.7 million loss related to a theft in Belgium. | ||||||||||||||||||||||
In the second quarter of 2012, we recognized a $20.9 million tax benefit related to a change in retiree healthcare funding strategy. In the third quarter of 2012, we recognized a $7.2 million pretax gain on the sale of real estate in Venezuela. | ||||||||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Summary of Significant Accounting Policies [Abstract] | ' | |||
Basis of Presentation [Policy Text Block] | ' | |||
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 secure transportation, cash management services and other security-related services to banks and 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. | ||||
Principles of Consolidation [Policy Text Block] | ' | |||
Principles of Consolidation | ||||
The consolidated financial statements include the accounts of Brink's and the subsidiaries it controls. 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. Our interest in 20% to 50% owned companies that are not controlled are accounted for using the equity method (“equity affiliates”), unless we do not sufficiently influence the management of the investee. Other investments are accounted for as cost-method investments or as available-for-sale. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||||
Revenue Recognition [Policy Text Block] | ' | |||
Revenue Recognition | ||||
Revenue is recognized when services related to armored vehicle transportation, ATM services, cash management services, payment services, guarding and the secure international transportation of valuables are performed. Customer contracts have prices that are fixed and determinable and we assess the customer's ability to meet the contractual terms, including payment terms, before entering into contracts. Customer contracts generally are automatically extended after the initial contract period until either party terminates the agreement. Taxes collected from customers and remitted to governmental authorities are not included in revenues in the consolidated statements of income. | ||||
Cash and Cash Equivalents [Policy Text Block] | ' | |||
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 includes amounts held by certain of our secure cash management services operations for customers 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 11). | ||||
Trade Accounts Receivable [Policy Text Block] | ' | |||
Trade Accounts Receivable | ||||
Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is our best estimate of the amount of probable credit losses on our existing accounts receivable. We determine the allowance based on historical write-off experience. We review our allowance for doubtful accounts quarterly. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. | ||||
Property and Equipment [Policy Text Block] | ' | |||
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 capital 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. | ||||
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 lease term. Renewal periods are included in the lease term when the renewal is determined to be reasonably assured. | ||||
Part of the costs related to the development or purchase of internal-use software is capitalized and amortized over the estimated useful life of the software. Costs that are capitalized include external direct costs of materials and services to develop or obtain the software, and internal costs, including compensation and employee benefits for employees directly associated with a software development project. | ||||
Estimated Useful Lives | Years | |||
Buildings | 16 to 25 | |||
Building leasehold improvements | 3 to 10 | |||
Vehicles | 3 to 10 | |||
Capitalized software | 3 to 5 | |||
Other machinery and equipment | 3 to 10 | |||
Expenditures for routine maintenance and repairs on property and equipment are charged to expense. Major renewals, betterments and modifications are capitalized and depreciated over the lesser of the remaining life of the asset or, if applicable, the lease term. | ||||
Goodwill and Other Intangible Assets [Policy Text Block] | ' | |||
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, covenants not to compete, trademarks and other identifiable intangibles. At December 31, 2013, finite-lived intangible assets have remaining useful lives ranging from 1 to 14 years and are amortized based on the pattern in which the economic benefits are used or on a straight-line basis. | ||||
Impairment of Long-Lived Assets [Policy Text Block] | ' | |||
Impairment of Long-Lived Assets | ||||
Goodwill is not amortized but is tested at least annually for impairment at the reporting unit level, which is at the operating segment level or one level below an operating segment. Goodwill is assigned to one or more reporting units at the date of acquisition. Our reporting units are Latin America; EMEA; North America and Asia Pacific. The goodwill impairment test is performed at October 1 of each year. For the annual test, we have the option of performing a qualitative assessment to determine whether reporting unit fair values exceed their carrying amounts or bypassing the qualitative assessment and performing a quantitative analysis. Indefinite-lived intangibles are also tested for impairment at least annually by comparing the carrying value of indefinite-lived intangible assets to their estimated fair values. We base our estimates of fair value on projected future cash flows. | ||||
We completed goodwill impairment tests during each of the last three years with no impairment charges required. 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 [Policy Text Block] | ' | |||
Retirement Benefit Plans | ||||
We account for retirement benefit obligations under FASB 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. In non-U.S. locations where the cash flow matching method is not possible, rates of local high-quality long-term corporate bonds are used to select the discount rate. | ||||
We used Mercer's Above-Mean Curve to determine the discount rates for the year-end benefit obligation in both 2013 and 2012. We used the Regular Mercer Yield Curve in 2011 to determine the discount rates for the benefit obligation. | ||||
We select the expected long-term rate of return assumption for our U.S. pension plan and retiree medical plans using advice from an investment advisor and an actuary. The selected rate considers plan asset allocation targets, expected overall investment manager performance and long-term historical average compounded rates of return. | ||||
Benefit plan experience gains and losses are recognized in other comprehensive income (loss). Accumulated net benefit plan experience 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 [Policy Text Block] | ' | |||
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. | ||||
Foreign Currency Translation [Policy Text Block] | ' | |||
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. Non-monetary assets and liabilities do not fluctuate with changes in local currency exchange rates to the dollar. | ||||
Venezuela | ||||
Brink's Venezuela accounted for $447 million or 11% of total Brink's revenues and represented a significant component of total segment operating profit in 2013. At December 31, 2013, we had investments in our Venezuelan operations of $125.3 million on an equity-method basis. At December 31, 2013, we had bolivar denominated net monetary assets of $120.4 million, including $93.8 million of cash and cash equivalents denominated in bolivars. | ||||
The economy in Venezuela has had significant inflation in the last several years. We consolidate our Venezuelan results using our accounting policy for subsidiaries operating in highly inflationary economies. | ||||
Since 2003, the Venezuelan government has controlled the exchange of local currency into other currencies, including the U.S. dollar. The Venezuelan government requires that currency exchanges be made at official rates established by the government instead of allowing open markets to determine currency rates. Different official rates exist for different industries and purposes. The government does not approve all requests to convert bolivars to other currencies. | ||||
The government devalued the official rate for essential services in February 2013 to 6.3 bolivars to the dollar. In January 2014, the government expanded an alternate process to obtain dollars for travel and certain other purposes. Rates obtained by the alternate process were reported to be 11.3 bolivars to U.S. dollars in December 2013. | ||||
Since the February 2013 devaluation, we have been unable to obtain dollars using either process. We do not expect to be able to obtain dollars using either process in the foreseeable future. There are other legal, but irregular and highly illiquid, mechanisms for converting bolivars. | ||||
As a result of these restrictions, we have been unable to obtain sufficient U.S. dollars to purchase certain imported supplies and fixed assets to fully operate our business in Venezuela, and as a result, have occasionally purchased more expensive, locally denominated supplies and fixed assets. The restrictions also prevent us from repatriating earnings and from being fully compensated for intercompany services. | ||||
Through January 31, 2013, we used an official rate of 5.3 bolivars to the dollar to remeasure our bolivar denominated monetary assets and liabilities into U.S. dollars and to translate our revenue and expenses. After the devaluation in February 2013, we began to use the 6.3 official exchange rate to remeasure bolivar denominated monetary assets and liabilities and to translate our revenue and expenses. As a result of the devaluation, we recognized a $13.4 million net remeasurement loss in 2013. | ||||
Concentration of Credit Risks [Policy Text Block] | ' | |||
Concentration of Credit Risks | ||||
We routinely assess the financial strength of significant customers and this assessment, combined with the large number and geographic diversity of our customers, limits our concentration of risk with respect to accounts receivable. Financial instruments which potentially subject us to concentrations of credit risks are principally cash and cash equivalents and accounts receivables. Cash and cash equivalents are held by major financial institutions. | ||||
Use of Estimates [Policy Text Block] | ' | |||
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, deferred tax assets, purchase price allocations and foreign currency translation. | ||||
Fair-value estimates [Policy Text Block] | ' | |||
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 in active markets that are accessible at the measurement date for identical assets and liabilities. | ||||
Level 2: Observable prices that are based on inputs not quoted on active markets, but are corroborated by market data. | ||||
Level 3: Unobservable inputs are used when little or no market data is available. | ||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Segment Reporting [Abstract] | ' | |||||||||
Revenue From Segments To Consolidated [Table Text Block] | ' | |||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Revenues by Business Segment | ||||||||||
Latin America | $ | 1,720.70 | 1,579.40 | 1,460.70 | ||||||
EMEA | 1,178.30 | 1,125.90 | 1,143.00 | |||||||
North America | 898.4 | 893.3 | 923.4 | |||||||
Asia Pacific | 144.8 | 136.4 | 135.8 | |||||||
Total | $ | 3,942.20 | 3,735.00 | 3,662.90 | ||||||
Operating Profit Loss From Segments To Consolidated [Table Text Block] | ' | |||||||||
Operating Profit by Business Segment | ||||||||||
Latin America | $ | 149.9 | 135.1 | 143.5 | ||||||
EMEA | 81.5 | 88.1 | 73.4 | |||||||
North America | 4.7 | 31.9 | 30.3 | |||||||
Asia Pacific | 16.7 | 8.8 | 15.1 | |||||||
Business segments | 252.8 | 263.9 | 262.3 | |||||||
Non-segment | -81.1 | -88.9 | -59.8 | |||||||
Total | $ | 171.7 | 175 | 202.5 | ||||||
Schedule of Capital Expenditures, Depreciation and Amortization by Segment [Table Text Block] | ' | |||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Capital Expenditures by Business Segment | ||||||||||
Latin America | $ | 88.7 | 83.8 | 85 | ||||||
EMEA | 33.9 | 40.1 | 47.3 | |||||||
North America | 52.1 | 48.2 | 44.2 | |||||||
Asia Pacific | 3 | 5.8 | 7.2 | |||||||
Total | $ | 177.7 | 177.9 | 183.7 | ||||||
Depreciation and Amortization by Business Segment | ||||||||||
Depreciation and amortization of property and equipment: | ||||||||||
Latin America | 57.1 | 47.5 | 41.4 | |||||||
EMEA | 47.2 | 41.1 | 44.1 | |||||||
North America | 58 | 55.1 | 50.1 | |||||||
Asia Pacific | 4.8 | 4.8 | 3.8 | |||||||
Property and equipment | 167.1 | 148.5 | 139.4 | |||||||
Amortization of intangible assets: | ||||||||||
Latin America | 3.7 | 3.2 | 3.9 | |||||||
EMEA | 1.6 | 2.6 | 2.9 | |||||||
North America | 0.2 | 0.3 | 0.7 | |||||||
Asia Pacific | 1 | 1.1 | 1.2 | |||||||
Total | $ | 173.6 | 155.7 | 148.1 | ||||||
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Assets held by Business Segment | ||||||||||
Latin America | $ | 1,044.00 | 880.9 | 761 | ||||||
EMEA | 672.6 | 681.3 | 669.4 | |||||||
North America | 426.6 | 480.5 | 468.6 | |||||||
Asia Pacific | 108.1 | 146.3 | 135.5 | |||||||
Business Segments | 2,251.30 | 2,189.00 | 2,034.50 | |||||||
Non-segment | 246.7 | 364.9 | 371.7 | |||||||
Total | $ | 2,498.00 | 2,553.90 | 2,406.20 | ||||||
Schedule of Long Lived Assets By Geographical Areas [TableTextBlock] | ' | |||||||||
Long-Lived Assets by Geographic Area(a) | ||||||||||
Non-U.S.: | ||||||||||
France | $ | 161.8 | 163.5 | 149.9 | ||||||
Mexico | 148.1 | 145.3 | 123.9 | |||||||
Venezuela | 47.7 | 46.7 | 43.5 | |||||||
Brazil | 107.9 | 95.6 | 100.9 | |||||||
Canada | 50.7 | 90.8 | 87.3 | |||||||
Other | 335 | 348.8 | 338.1 | |||||||
Subtotal | 851.2 | 890.7 | 843.6 | |||||||
United States | 194 | 203 | 200.8 | |||||||
Total | $ | 1,045.20 | 1,093.70 | 1,044.40 | ||||||
Schedule of Revenues By Geographical Areas [TableTextBlock] | ' | |||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Revenues by Geographic Area(a) | ||||||||||
Outside the U.S.: | ||||||||||
France | $ | 542.5 | 535.5 | 545.2 | ||||||
Mexico | 450.4 | 424 | 415.2 | |||||||
Venezuela | 447.1 | 342.6 | 269.2 | |||||||
Brazil | 392 | 388.3 | 386.8 | |||||||
Canada | 190.9 | 186.6 | 189.9 | |||||||
Other | 1,211.80 | 1,151.30 | 1,123.10 | |||||||
Subtotal | 3,234.70 | 3,028.30 | 2,929.40 | |||||||
United States | 707.5 | 706.7 | 733.5 | |||||||
Total | $ | 3,942.20 | 3,735.00 | 3,662.90 | ||||||
Schedule of Net Assets Outside the U.S. [TableTextBlock] | ' | |||||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Net assets outside the U.S. | ||||||||||
Latin America | $ | 479.4 | 438.2 | 376.9 | ||||||
EMEA | 291.4 | 272.1 | 283.4 | |||||||
Asia Pacific | 72.7 | 89.1 | 85.8 | |||||||
Canada | 69.3 | 43.2 | 56.8 | |||||||
Total | $ | 912.8 | 842.6 | 802.9 | ||||||
Schedule of Equity Method Investments [Table Text Block] | ' | |||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Information about Unconsolidated Equity Affiliates held by segments: | ||||||||||
Carrying value of investments at year end | ||||||||||
Latin America | $ | 13.5 | 13.8 | 11.2 | ||||||
Asia Pacific | 2.3 | 1.8 | 1.6 | |||||||
Total | $ | 15.8 | 15.6 | 12.8 | ||||||
Share of earnings included in Brink's consolidated earnings during the year | ||||||||||
Latin America | $ | 6 | 5.8 | 4.7 | ||||||
EMEA | - | - | -0.1 | |||||||
Asia Pacific | 0.7 | 0.2 | 0.2 | |||||||
Total | $ | 6.7 | 6 | 4.8 | ||||||
Undistributed earnings at year end | ||||||||||
Latin America | $ | 3.5 | 8.4 | 6.6 | ||||||
Asia Pacific | 0.8 | 0.4 | 0.5 | |||||||
Total | $ | 4.3 | 8.8 | 7.1 | ||||||
Retirement_Benefits_Tables
Retirement Benefits (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Retirement Benefits Pension And Postretirement [Line Items] | ' | |||||||||||||||||
Schedule Of Net Benefit Costs [Table Text Block] | ' | |||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||
Service cost | $ | - | - | - | $ | 15 | 11.1 | 10.2 | $ | 15 | 11.1 | 10.2 | ||||||
Interest cost on projected benefit obligation | 42.2 | 43.8 | 46.2 | 19.1 | 19.1 | 16.9 | 61.3 | 62.9 | 63.1 | |||||||||
Return on assets – expected | -56.9 | -60 | -65 | -12.9 | -12.2 | -12 | -69.8 | -72.2 | -77 | |||||||||
Amortization of losses | 45.1 | 39.5 | 28.2 | 6.1 | 4 | 2.8 | 51.2 | 43.5 | 31 | |||||||||
Amortization of prior service cost | - | - | - | 0.8 | 2 | 1.5 | 0.8 | 2 | 1.5 | |||||||||
Settlement loss | 0.1 | 5 | - | 2.6 | 3.3 | 2.2 | 2.7 | 8.3 | 2.2 | |||||||||
Net periodic pension cost | $ | 30.5 | 28.3 | 9.4 | $ | 30.7 | 27.3 | 21.6 | $ | 61.2 | 55.6 | 31 | ||||||
Schedule of Obligations and Funded Status [Table Text Block] | ' | |||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Benefit obligation at beginning of year | $ | 1,031.30 | 990.7 | 392.3 | 306.9 | 1,423.60 | 1,297.60 | |||||||||||
Service cost | - | - | 15 | 11.1 | 15 | 11.1 | ||||||||||||
Interest cost | 42.2 | 43.8 | 19.1 | 19.1 | 61.3 | 62.9 | ||||||||||||
Participant contributions | - | - | 3.8 | 3.5 | 3.8 | 3.5 | ||||||||||||
Plan amendments | - | - | -4.9 | 11.7 | -4.9 | 11.7 | ||||||||||||
Curtailments | - | - | -0.2 | -0.4 | -0.2 | -0.4 | ||||||||||||
Settlements | -0.5 | -13.9 | -2 | -3.2 | -2.5 | -17.1 | ||||||||||||
Benefits paid | -43.6 | -42.3 | -18.8 | -22 | -62.4 | -64.3 | ||||||||||||
Actuarial (gains) losses | -94.5 | 53 | -8 | 54.9 | -102.5 | 107.9 | ||||||||||||
Foreign currency exchange effects | - | - | -5.9 | 10.7 | -5.9 | 10.7 | ||||||||||||
Benefit obligation at end of year | $ | 934.9 | 1,031.30 | 390.4 | 392.3 | 1,325.30 | 1,423.60 | |||||||||||
Fair value of plan assets at beginning of year | $ | 756.3 | 685.4 | 283 | 230.5 | 1,039.30 | 915.9 | |||||||||||
Return on assets – actual | 85.5 | 89.9 | 16.6 | 34.7 | 102.1 | 124.6 | ||||||||||||
Participant contributions | - | - | 3.8 | 3.5 | 3.8 | 3.5 | ||||||||||||
Employer contributions | 14.1 | 37.2 | 40.1 | 32.8 | 54.2 | 70 | ||||||||||||
Settlements | -0.5 | -13.9 | -2 | -3.2 | -2.5 | -17.1 | ||||||||||||
Benefits paid | -43.6 | -42.3 | -18.8 | -22 | -62.4 | -64.3 | ||||||||||||
Foreign currency exchange effects | - | - | -0.7 | 6.7 | -0.7 | 6.7 | ||||||||||||
Fair value of plan assets at end of year | $ | 811.8 | 756.3 | 322 | 283 | 1,133.80 | 1,039.30 | |||||||||||
Funded status | $ | -123.1 | -275 | -68.4 | -109.3 | -191.5 | -384.3 | |||||||||||
Included in: | ||||||||||||||||||
Noncurrent asset | $ | - | - | -28.6 | -21.9 | -28.6 | -21.9 | |||||||||||
Current liability, included in accrued liabilities | 0.8 | 0.9 | 4.5 | 7.5 | 5.3 | 8.4 | ||||||||||||
Noncurrent liability | 122.3 | 274.1 | 92.5 | 123.7 | 214.8 | 397.8 | ||||||||||||
Net pension liability | $ | 123.1 | 275 | 68.4 | 109.3 | 191.5 | 384.3 | |||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | |||||||||||||||||
U.S. Plans | Non-U.S. Plans | |||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||
Discount rate: | ||||||||||||||||||
Pension cost | 4.20% | 4.60% | 5.30% | 5.30% | 5.40% | 5.80% | ||||||||||||
Benefit obligation at year end | 5.00% | 4.20% | 4.60% | 6.30% | 5.30% | 5.40% | ||||||||||||
Expected return on assets – pension cost | 8.00% | 8.25% | 8.75% | 4.64% | 4.92% | 5.16% | ||||||||||||
Average rate of increase in salaries(a): | ||||||||||||||||||
Pension cost | N/A | N/A | N/A | 3.80% | 3.20% | 3.30% | ||||||||||||
Benefit obligation at year end | N/A | N/A | N/A | 3.90% | 3.80% | 3.20% | ||||||||||||
Schedule of Changes of Level 3 Plan Assets [Table Text Block] | ' | |||||||||||||||||
(In millions) | U.S. Pension Plans | UMWA Plans | Non-U.S. Pension Plans | |||||||||||||||
Balance at December 31, 2011 | $ | 96.8 | 39.9 | 0.6 | ||||||||||||||
Actual return on plan assets: | ||||||||||||||||||
Relating to assets still held at the reporting date | 2.5 | 1 | - | |||||||||||||||
Relating to assets sold during the period | - | - | - | |||||||||||||||
Purchases, sales and settlements | - | - | - | |||||||||||||||
Transfers in and/or out of Level 3 | - | - | - | |||||||||||||||
Balance at December 31, 2012 | 99.3 | 40.9 | 0.6 | |||||||||||||||
Actual return on plan assets: | ||||||||||||||||||
Relating to assets still held at the reporting date | 0.4 | - | - | |||||||||||||||
Relating to assets sold during the period | - | - | - | |||||||||||||||
Purchases, sales and settlements | 39.6 | - | - | |||||||||||||||
Transfers out of Level 3(a) | -99.3 | -40.9 | -0.6 | |||||||||||||||
Balance at December 31, 2013 | $ | 40 | - | - | ||||||||||||||
Schedule of Costs of Retirement Plans [Table Text Block] | ' | |||||||||||||||||
(In millions) | ||||||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | |||||||||||||||
U.S. 401(K) | $ | 2.6 | 4.6 | 16.9 | ||||||||||||||
Other plans | 2.9 | 2.5 | 3.9 | |||||||||||||||
Total | $ | 5.5 | 7.1 | 20.8 | ||||||||||||||
Pension plan [Member] | ' | |||||||||||||||||
Retirement Benefits Pension And Postretirement [Line Items] | ' | |||||||||||||||||
Schedule of Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income [Table Text Block] | ' | |||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Benefit plan net experience losses recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | -491.9 | -513.3 | -59.7 | -34.6 | -551.6 | -547.9 | |||||||||||
Net experience gains (losses) arising during the year | 123.1 | -23.1 | 11.7 | -32.4 | 134.8 | -55.5 | ||||||||||||
Reclassification adjustment for amortization of | ||||||||||||||||||
prior experience losses included in net income | 45.2 | 44.5 | 8.8 | 7.3 | 54 | 51.8 | ||||||||||||
End of year | $ | -323.6 | -491.9 | -39.2 | -59.7 | -362.8 | -551.6 | |||||||||||
Benefit plan prior service cost recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | - | - | -15.8 | -6.1 | -15.8 | -6.1 | |||||||||||
Prior service credit (cost) from plan amendments | ||||||||||||||||||
during the year | - | - | 4.9 | -11.7 | 4.9 | -11.7 | ||||||||||||
Reclassification adjustment for amortization of | ||||||||||||||||||
prior service cost included in net income | - | - | 0.7 | 2 | 0.7 | 2 | ||||||||||||
End of year | $ | - | - | -10.2 | -15.8 | -10.2 | -15.8 | |||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | |||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
2014 | $ | 47.7 | 14.6 | 62.3 | ||||||||||||||
2015 | 48.9 | 13.7 | 62.6 | |||||||||||||||
2016 | 50 | 16.4 | 66.4 | |||||||||||||||
2017 | 51.5 | 19.1 | 70.6 | |||||||||||||||
2018 | 53.1 | 21.3 | 74.4 | |||||||||||||||
2019 through 2023 | $ | 287.3 | 168.8 | 456.1 | ||||||||||||||
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | ' | |||||||||||||||||
(In millions) | U.S. Plans | Non-U.S. Plans | Total | |||||||||||||||
December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Pension plans with an accumulated benefit obligation in excess of plan assets: | ||||||||||||||||||
Fair value of plan assets | $ | 811.8 | 756.3 | 38.1 | 137.2 | 849.9 | 893.5 | |||||||||||
Accumulated benefit obligation | 934.9 | 1,031.30 | 103.6 | 223.2 | 1,038.50 | 1,254.50 | ||||||||||||
Projected benefit obligation | 934.9 | 1,031.30 | 135.1 | 268.4 | 1,070.00 | 1,299.70 | ||||||||||||
Retirement benefits other than pension [Member] | ' | |||||||||||||||||
Retirement Benefits Pension And Postretirement [Line Items] | ' | |||||||||||||||||
Schedule Of Net Benefit Costs [Table Text Block] | ' | |||||||||||||||||
(In millions) | UMWA Plans | Black Lung and Other Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||
Service cost | $ | - | - | - | $ | 0.3 | 0.6 | - | $ | 0.3 | 0.6 | - | ||||||
Interest cost on APBO | 19.7 | 22.3 | 24 | 1.9 | 2.8 | 2.8 | 21.6 | 25.1 | 26.8 | |||||||||
Return on assets – expected | -20.8 | -21.3 | -25.5 | - | - | - | -20.8 | -21.3 | -25.5 | |||||||||
Amortization of losses | 19.6 | 21 | 14.7 | 0.7 | 1.5 | 0.6 | 20.3 | 22.5 | 15.3 | |||||||||
Amortization of prior service cost | - | - | - | 1.7 | 2 | 2 | 1.7 | 2 | 2 | |||||||||
Net periodic postretirement cost | $ | 18.5 | 22 | 13.2 | $ | 4.6 | 6.9 | 5.4 | $ | 23.1 | 28.9 | 18.6 | ||||||
Schedule of Obligations and Funded Status [Table Text Block] | ' | |||||||||||||||||
(In millions) | UMWA Plans | Black Lung and Other Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
APBO at beginning of year | $ | 525.3 | 529.6 | 53 | 60.9 | 578.3 | 590.5 | |||||||||||
Service cost | - | - | 0.3 | 0.6 | 0.3 | 0.6 | ||||||||||||
Interest cost | 19.7 | 22.3 | 1.9 | 2.8 | 21.6 | 25.1 | ||||||||||||
Plan amendments | -55.7 | - | - | -1.9 | -55.7 | -1.9 | ||||||||||||
Benefits paid | -34.2 | -35.7 | -7.1 | -6.6 | -41.3 | -42.3 | ||||||||||||
Medicare subsidy received | 3.1 | 3.2 | - | - | 3.1 | 3.2 | ||||||||||||
Actuarial (gains) losses, net | -31.7 | 5.9 | 0.8 | -2.2 | -30.9 | 3.7 | ||||||||||||
Foreign currency exchange effects | - | - | - | -0.6 | - | -0.6 | ||||||||||||
APBO at end of year | $ | 426.5 | 525.3 | 48.9 | 53 | 475.4 | 578.3 | |||||||||||
Fair value of plan assets at beginning of year | $ | 268.7 | 268 | - | - | 268.7 | 268 | |||||||||||
Employer contributions | 1 | - | 7.1 | 6.6 | 8.1 | 6.6 | ||||||||||||
Return on assets – actual | 45.8 | 33.5 | - | - | 45.8 | 33.5 | ||||||||||||
Benefits paid | -34.2 | -36 | -7.1 | -6.6 | -41.3 | -42.6 | ||||||||||||
Medicare subsidy received | 3.1 | 3.2 | - | - | 3.1 | 3.2 | ||||||||||||
Fair value of plan assets at end of year | $ | 284.4 | 268.7 | - | - | 284.4 | 268.7 | |||||||||||
Funded status | $ | -142.1 | -256.6 | -48.9 | -53 | -191 | -309.6 | |||||||||||
Included in: | ||||||||||||||||||
Current, included in accrued liabilities | $ | - | - | 5 | 5 | 5 | 5 | |||||||||||
Noncurrent | 142.1 | 256.6 | 43.9 | 48 | 186 | 304.6 | ||||||||||||
Retirement benefits other than pension liability | $ | 142.1 | 256.6 | 48.9 | 53 | 191 | 309.6 | |||||||||||
Schedule of Other Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income [Table Text Block] | ' | |||||||||||||||||
Black Lung and Other | ||||||||||||||||||
(In millions) | UMWA Plans | Plans | Total | |||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||
Benefit plan net experience gain (loss) recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | -295.7 | -323 | -6.2 | -9.9 | -301.9 | -332.9 | |||||||||||
Net experience gains (losses) arising during the year | 56.7 | 6.3 | -0.8 | 2.2 | 55.9 | 8.5 | ||||||||||||
Reclassification adjustment for amortization of | ||||||||||||||||||
prior experience losses included in net income | 19.6 | 21 | 0.7 | 1.5 | 20.3 | 22.5 | ||||||||||||
End of year | $ | -219.4 | -295.7 | -6.3 | -6.2 | -225.7 | -301.9 | |||||||||||
Benefit plan prior service (cost) credit recognized in | ||||||||||||||||||
accumulated other comprehensive income (loss): | ||||||||||||||||||
Beginning of year | $ | - | - | -9.4 | -13.3 | -9.4 | -13.3 | |||||||||||
Prior service credit from plan amendments during the year | 55.7 | - | - | 1.9 | 55.7 | 1.9 | ||||||||||||
Reclassification adjustment for amortization or curtailment | ||||||||||||||||||
of prior service cost included in net income | - | - | 1.7 | 2 | 1.7 | 2 | ||||||||||||
End of year | $ | 55.7 | - | -7.7 | -9.4 | 48 | -9.4 | |||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | |||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||
Weighted-average discount rate: | ||||||||||||||||||
Postretirement cost: | ||||||||||||||||||
UMWA plans | 3.9 | % | 4.4 | % | 5.3 | % | ||||||||||||
Black lung | 3.5 | % | 4.2 | % | 4.8 | % | ||||||||||||
Weighted-average | 3.9 | % | 4.4 | % | 5.2 | % | ||||||||||||
Benefit obligation at year end: | ||||||||||||||||||
UMWA plans | 4.7 | % | 3.9 | % | 4.4 | % | ||||||||||||
Black lung | 4.4 | % | 3.5 | % | 4.2 | % | ||||||||||||
Weighted-average | 4.7 | % | 3.9 | % | 4.4 | % | ||||||||||||
Expected return on assets | 8.25 | % | 8.5 | % | 8.75 | % | ||||||||||||
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] | ' | |||||||||||||||||
Effect of Change in Assumed Healthcare Trend Rates | ||||||||||||||||||
(In millions) | Increase 1% | Decrease 1% | ||||||||||||||||
Higher (lower): | ||||||||||||||||||
Service and interest cost in 2013 | $ | 2.3 | -1.9 | |||||||||||||||
APBO at December 31, 2013 | 45.4 | -38.6 | ||||||||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | |||||||||||||||||
(In millions) | UMWA plans | Black lung and other plans | Total | |||||||||||||||
2014 | $ | 31.5 | 5 | 36.5 | ||||||||||||||
2015 | 31.9 | 4.7 | 36.6 | |||||||||||||||
2016 | 31.5 | 4.4 | 35.9 | |||||||||||||||
2017 | 31.3 | 4.1 | 35.4 | |||||||||||||||
2018 | 32.9 | 3.8 | 36.7 | |||||||||||||||
2019 through 2023 | 148.6 | 15.9 | 164.5 | |||||||||||||||
US Plans [Member] | ' | |||||||||||||||||
Retirement Benefits Pension And Postretirement [Line Items] | ' | |||||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | |||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||
Fair | % | % | % | % | ||||||||||||||
Value | Total Fair | Actual | Target | Total Fair | Actual | Target | ||||||||||||
(In millions, except for percentages) | Level | Value | Allocation | Allocation | Value | Allocation | Allocation | |||||||||||
U.S. Pension Plans | ||||||||||||||||||
Cash, cash equivalents and receivables | $ | 3.8 | - | - | 3.5 | 1 | - | |||||||||||
Equity securities: | ||||||||||||||||||
U.S. large-cap(a) | 1 | 132.1 | 16 | 16 | 227.3 | 30 | 30 | |||||||||||
U.S. small/mid-cap(a) | 1 | 58.6 | 7 | 7 | 60.8 | 8 | 8 | |||||||||||
International(a) | 1 | 114.4 | 14 | 14 | 94.1 | 12 | 12 | |||||||||||
Emerging markets(b) | 1 | 31.7 | 4 | 4 | - | - | - | |||||||||||
Dynamic asset allocation(c) | 1 | 50.2 | 6 | 6 | - | - | - | |||||||||||
Fixed-income securities: | ||||||||||||||||||
Long duration(d) | 1 | 190.8 | 32 | 32 | 139.9 | 24 | 23 | |||||||||||
Long duration(d) | 2 | 65 | 39.1 | |||||||||||||||
High yield(e) | 1 | 24.5 | 3 | 3 | 61.9 | 8 | 8 | |||||||||||
Emerging markets(f) | 1 | 23.2 | 3 | 3 | 30.4 | 4 | 4 | |||||||||||
Other types of investments: | ||||||||||||||||||
Hedge fund of funds(g) | 2 | 37.3 | 5 | 5 | 99.3 | 13 | 15 | |||||||||||
Core property(h) | 2 | 40.2 | 5 | 5 | - | - | - | |||||||||||
Structured credit(i) | 3 | 40 | 5 | 5 | - | - | - | |||||||||||
Total | $ | 811.8 | 100 | 100 | 756.3 | 100 | 100 | |||||||||||
UMWA Plans | ||||||||||||||||||
Equity securities: | ||||||||||||||||||
U.S. large-cap(a) | 1 | $ | 107 | 38 | 37 | 97.2 | 36 | 37 | ||||||||||
U.S. small/mid-cap(a) | 1 | 27.9 | 10 | 9 | 23.7 | 9 | 9 | |||||||||||
International(a) | 1 | 41.8 | 15 | 14 | 39.3 | 15 | 14 | |||||||||||
Fixed-income securities: | ||||||||||||||||||
High yield(e) | 1 | 24.1 | 8 | 8 | 23.1 | 9 | 8 | |||||||||||
Emerging markets(f) | 1 | 10.9 | 4 | 4 | 11.7 | 4 | 4 | |||||||||||
Multi asset real return(j) | 1 | 29.3 | 10 | 13 | 32.8 | 12 | 13 | |||||||||||
Other types of investments: | ||||||||||||||||||
Hedge fund of funds(g) | 2 | 29.2 | 10 | 10 | 40.9 | 15 | 15 | |||||||||||
Core property(h) | 2 | 14.2 | 5 | 5 | - | - | - | |||||||||||
Total | $ | 284.4 | 100 | 100 | 268.7 | 100 | 100 | |||||||||||
Non-US Plans [Member] | ' | |||||||||||||||||
Retirement Benefits Pension And Postretirement [Line Items] | ' | |||||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | |||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||
% | % | % | % | |||||||||||||||
Total Fair | Actual | Target | Total Fair | Actual | Target | |||||||||||||
(In millions, except for percentages) | Value | Allocation | Allocation | Value | Allocation | Allocation | ||||||||||||
Non-U.S. Pension Plans | ||||||||||||||||||
Cash and cash equivalents | $ | 5.2 | 2 | - | 2.6 | 1 | - | |||||||||||
Equity securities: | ||||||||||||||||||
U.S. equity funds(a) | 30 | 25.8 | ||||||||||||||||
Canadian equity funds(a) | 38.3 | 31.7 | ||||||||||||||||
European equity funds(a) | 8.9 | 7.4 | ||||||||||||||||
Asia Pacific equity funds(a) | 1.7 | 1.3 | ||||||||||||||||
Emerging markets(a) | 9.3 | 4.7 | ||||||||||||||||
Other non-U.S. equity funds(a) | 38.8 | 37.3 | ||||||||||||||||
Total equity securities | 127 | 39 | 39 | 108.2 | 38 | 39 | ||||||||||||
Fixed-income securities: | ||||||||||||||||||
Global credit(b) | 37.5 | 34.3 | ||||||||||||||||
Canadian fixed-income funds(c) | 24.8 | 20.3 | ||||||||||||||||
European fixed-income funds(d) | 11 | 10.2 | ||||||||||||||||
High-yield(e) | 12.3 | 10.2 | ||||||||||||||||
Emerging markets(f) | 6.9 | 5.8 | ||||||||||||||||
Long-duration(g) | 79.4 | 76.1 | ||||||||||||||||
Total fixed-income securities | 171.9 | 53 | 55 | 156.9 | 55 | 56 | ||||||||||||
Other types of investments: | ||||||||||||||||||
Convertible securities(h) | 12 | 10.1 | ||||||||||||||||
Commodity derivatives(i) | 4.7 | 4 | ||||||||||||||||
Other | 1.2 | 1.2 | ||||||||||||||||
Total other types of investments | 17.9 | 6 | 6 | 15.3 | 6 | 5 | ||||||||||||
Total | $ | 322 | 100 | 100 | 283 | 100 | 100 | |||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Schedule of Income (loss) from continuing operations before income taxes [Table Text Block] | ' | |||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Income (loss) from continuing operations before income taxes | ||||||||||||
U.S. | $ | -51.8 | -19.6 | -16 | ||||||||
Foreign | 200 | 178.7 | 204.3 | |||||||||
Income from continuing operations before income taxes | $ | 148.2 | 159.1 | 188.3 | ||||||||
Schedule Of Components Of Income Tax Expense Benefit [TableText Block] | ' | |||||||||||
Provision (benefit) for income taxes from continuing operations | ||||||||||||
Current tax expense (benefit) | ||||||||||||
U.S. federal | $ | 0.5 | -0.1 | 2.9 | ||||||||
State | 1.5 | -0.3 | -0.1 | |||||||||
Foreign | 84.6 | 70.9 | 91.9 | |||||||||
Current tax expense | 86.6 | 70.5 | 94.7 | |||||||||
Deferred tax expense (benefit) | ||||||||||||
U.S. federal | -20.6 | -29.9 | -21.3 | |||||||||
State | -1.9 | -1.4 | -0.9 | |||||||||
Foreign | -12.1 | -12.1 | -8.5 | |||||||||
Deferred tax benefit | -34.6 | -43.4 | -30.7 | |||||||||
Provision (benefit) for income taxes of continuing operations | $ | 52 | 27.1 | 64 | ||||||||
Comprehensive provision (benefit) for income taxes allocation [Table Text Block] | ' | |||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Comprehensive provision (benefit) for income taxes allocable to | ||||||||||||
Continuing operations | $ | 52 | 27.1 | 64 | ||||||||
Discontinued operations | 4.7 | -1 | -3.9 | |||||||||
Other comprehensive income (loss) | 141 | 9.3 | -74.4 | |||||||||
Equity | 2.8 | 2.7 | -1.1 | |||||||||
Comprehensive provision (benefit) for income taxes | $ | 200.5 | 38.1 | -15.4 | ||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | |||||||||||
Years Ended December 31, | ||||||||||||
(In percentages) | 2013 | 2012 | 2011 | |||||||||
U.S. federal tax rate | 35 | % | 35 | % | 35 | % | ||||||
Increases (reductions) in taxes due to: | ||||||||||||
Adjustments to valuation allowances | 4 | 1.2 | -2.9 | |||||||||
Foreign income taxes | -6.5 | -2.2 | 0.3 | |||||||||
Medicare subsidy for retirement plans | -1.1 | -14.4 | - | |||||||||
French business tax | 3 | 2.7 | 2.4 | |||||||||
Nontaxable acquisition-related (gains) losses | - | - | -0.4 | |||||||||
Taxes on undistributed earnings of foreign affiliates | -0.1 | -2.2 | 0.2 | |||||||||
State income taxes, net | -0.1 | -0.1 | -0.5 | |||||||||
Change in judgment about uncertain tax positions in Mexico | - | -4.7 | - | |||||||||
Other | 0.9 | 1.7 | -0.1 | |||||||||
Actual income tax rate on continuing operations | 35.1 | % | 17 | % | 34 | % | ||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||||||
December 31, | ||||||||||||
(In millions) | 2013 | 2012 | ||||||||||
Deferred tax assets | ||||||||||||
Pension liabilities | $ | 70 | 136.4 | |||||||||
Retirement benefits other than pensions | 60.7 | 127.2 | ||||||||||
Workers’ compensation and other claims | 35.1 | 38.3 | ||||||||||
Other assets and liabilities | 138.6 | 115.3 | ||||||||||
Net operating loss carryforwards | 26.8 | 63.5 | ||||||||||
Alternative minimum and other tax credits(a) | 44.7 | 37.9 | ||||||||||
Subtotal | 375.9 | 518.6 | ||||||||||
Valuation allowances | -32.4 | -47.4 | ||||||||||
Total deferred tax assets | 343.5 | 471.2 | ||||||||||
Deferred tax liabilities | ||||||||||||
Property and equipment, net | 9.9 | 11.2 | ||||||||||
Other assets and miscellaneous | 31 | 37.4 | ||||||||||
Deferred tax liabilities | 40.9 | 48.6 | ||||||||||
Net deferred tax asset | $ | 302.6 | 422.6 | |||||||||
Included in: | ||||||||||||
Current assets | $ | 72 | 59.4 | |||||||||
Noncurrent assets | 251.7 | 385.3 | ||||||||||
Current liabilities, included in accrued liabilities | -3.1 | -3.4 | ||||||||||
Noncurrent liabilities | -18 | -18.7 | ||||||||||
Net deferred tax asset | $ | 302.6 | 422.6 | |||||||||
Summary of Valuation Allowance [Table Text Block] | ' | |||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Valuation allowances: | ||||||||||||
Beginning of year | $ | 47.4 | 43.9 | 45.9 | ||||||||
Expiring tax credits | -1.8 | -0.8 | -0.3 | |||||||||
Acquisitions and dispositions | -32.7 | -0.9 | 0.3 | |||||||||
Changes in judgment about deferred tax assets(a) | -0.2 | -1 | -8.2 | |||||||||
Other changes in deferred tax assets, charged to: | ||||||||||||
Income from continuing operations | 6.2 | 3.4 | 7.6 | |||||||||
Income from discontinued operations | 12.5 | 1.9 | - | |||||||||
Other comprehensive income (loss) | - | 0.1 | - | |||||||||
Foreign currency exchange effects | 1 | 0.8 | -1.4 | |||||||||
End of year | $ | 32.4 | 47.4 | 43.9 | ||||||||
Net Operating Losses [Table Text Block] | ' | |||||||||||
(In millions) | Federal | State | Foreign | Total | ||||||||
Years of expiration | ||||||||||||
2014-2018 | $ | - | 0.3 | 3.9 | 4.2 | |||||||
2019-2023 | - | 0.2 | 5.3 | 5.5 | ||||||||
2024 and thereafter | - | 10.3 | 0.4 | 10.7 | ||||||||
No expiration | - | - | 6.4 | 6.4 | ||||||||
$ | - | 10.8 | 16 | 26.8 | ||||||||
Uncertain Tax Positions [Table Text Block] | ' | |||||||||||
Years Ended December 31, | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Uncertain tax positions: | ||||||||||||
Beginning of year | $ | 11.8 | 17.2 | 19.4 | ||||||||
Increases related to prior-year tax positions | 0.1 | 1.4 | 0.8 | |||||||||
Decreases related to prior-year tax positions | - | -6.9 | -1.6 | |||||||||
Increases related to current-year tax positions | 2.3 | 1.6 | 1.3 | |||||||||
Settlements | -0.7 | -0.7 | - | |||||||||
Effect of the expiration of statutes of limitation | -3.4 | -1.2 | -1.2 | |||||||||
Increases (decreases) related to business combinations and dispositions | - | - | -0.7 | |||||||||
Foreign currency exchange effects | 0.7 | 0.4 | -0.8 | |||||||||
End of year | $ | 10.8 | 11.8 | 17.2 |
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Property and Equipment [Abstract] | ' | ||||||
Schedule Of Property, Plant and Equipment [Table Text Block] | ' | ||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Land | $ | 68 | 70.8 | ||||
Buildings | 258 | 247.6 | |||||
Leasehold improvements | 215.6 | 217.5 | |||||
Vehicles | 438 | 433.6 | |||||
Capitalized software(a) | 184.6 | 168.2 | |||||
Other machinery and equipment | 692.5 | 682.3 | |||||
1,856.70 | 1,820.00 | ||||||
Accumulated depreciation and amortization | -1,098.00 | -1,026.20 | |||||
Property and equipment, net | $ | 758.7 | 793.8 |
Acquisition_Tables
Acquisition (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Business Acquisition [Line Items] | ' | ||||||
Schedule of Fair Value of Purchase Consideration [Table Text Block] | ' | ||||||
Estimated Fair | |||||||
Value at | |||||||
(In millions) | 31-Jan-13 | ||||||
Fair value of purchase consideration | |||||||
Cash paid for 100% of shares | $ | 25.9 | |||||
Fair value of contingent consideration | 1.8 | ||||||
Fair value of purchase consideration | $ | 27.7 | |||||
Schedule of Purchase Price Allocation [Table Text Block] | ' | ||||||
Fair value of net assets acquired | |||||||
Cash | $ | 10 | |||||
Accounts receivable | 7.8 | ||||||
Other current assets | 19.9 | ||||||
Property and equipment | 4 | ||||||
Intangible assets(a) | 11.8 | ||||||
Goodwill(b) | 14 | ||||||
Current liabilities | -38.8 | ||||||
Noncurrent liabilities | -1 | ||||||
Fair value of net assets acquired | $ | 27.7 |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||
Schedule of Change in Goodwill and Other Intangible Assets [Table Text Block] | ' | |||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||
Beginning | Acquisitions/ | Amortization | Ending | |||||||||||||||||||
(In millions) | Balance | Dispositions | Expense(a) | Adjustments | Currency | Balance | ||||||||||||||||
Goodwill: | ||||||||||||||||||||||
Latin America | $ | 43.6 | 14 | - | - | -7.6 | 50 | |||||||||||||||
EMEA | 142.1 | 1.8 | - | - | 4.1 | 148 | ||||||||||||||||
North America | 20.5 | -2.4 | - | - | -0.9 | 17.2 | ||||||||||||||||
Asia Pacific | 37.6 | -9.4 | - | - | -3.2 | 25 | ||||||||||||||||
Total goodwill | 243.8 | 4 | - | - | -7.6 | 240.2 | ||||||||||||||||
Other intangibles: | ||||||||||||||||||||||
Customer relationships | ||||||||||||||||||||||
Latin America | 15.5 | - | -2.7 | - | -1.6 | 11.2 | ||||||||||||||||
EMEA | 4.6 | 0.8 | -1.6 | - | 0.2 | 4 | ||||||||||||||||
North America | 7.5 | -5.9 | -1.3 | - | -0.3 | - | ||||||||||||||||
Asia Pacific | 13.8 | -1 | -1 | - | -1.4 | 10.4 | ||||||||||||||||
Indefinite-lived trade names | ||||||||||||||||||||||
Latin America | 11.7 | - | - | - | -0.2 | 11.5 | ||||||||||||||||
EMEA | 0.3 | - | - | - | - | 0.3 | ||||||||||||||||
Asia Pacific | 1 | - | - | -0.9 | -0.1 | - | ||||||||||||||||
Finite-lived trade names | ||||||||||||||||||||||
Latin America | - | 0.7 | -0.1 | - | -0.2 | 0.4 | ||||||||||||||||
North America | 1.6 | -1.4 | -0.1 | - | -0.1 | - | ||||||||||||||||
Other contract-related assets | ||||||||||||||||||||||
Latin America | - | 11.1 | -0.9 | - | -1.7 | 8.5 | ||||||||||||||||
Other | ||||||||||||||||||||||
EMEA | 0.1 | - | -0.1 | - | - | - | ||||||||||||||||
Total other intangibles | $ | 56.1 | 4.3 | -7.8 | -0.9 | -5.4 | 46.3 | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Beginning | Acquisitions/ | Amortization | Ending | |||||||||||||||||||
(In millions) | Balance | Dispositions | Expense(a) | Adjustments | Currency | Balance | ||||||||||||||||
Goodwill: | ||||||||||||||||||||||
Latin America | $ | 46.7 | 0.2 | - | - | -3.3 | 43.6 | |||||||||||||||
EMEA | 126 | 15.1 | - | -2.1 | 3.1 | 142.1 | ||||||||||||||||
North America | 20.1 | - | - | - | 0.4 | 20.5 | ||||||||||||||||
Asia Pacific | 38.6 | - | - | - | -1 | 37.6 | ||||||||||||||||
Total goodwill | 231.4 | 15.3 | - | -2.1 | -0.8 | 243.8 | ||||||||||||||||
Other intangibles: | ||||||||||||||||||||||
Customer relationships | ||||||||||||||||||||||
Latin America | 18.5 | 1.3 | -3 | - | -1.3 | 15.5 | ||||||||||||||||
EMEA | 6.4 | 1 | -2.7 | - | -0.1 | 4.6 | ||||||||||||||||
North America | 8.9 | - | -1.6 | - | 0.2 | 7.5 | ||||||||||||||||
Asia Pacific | 15.3 | - | -1.1 | - | -0.4 | 13.8 | ||||||||||||||||
Indefinite-lived trade names | ||||||||||||||||||||||
Latin America | 10.8 | - | - | - | 0.9 | 11.7 | ||||||||||||||||
EMEA | 0.3 | - | - | - | - | 0.3 | ||||||||||||||||
Asia Pacific | 1 | - | - | - | - | 1 | ||||||||||||||||
Finite-lived trade names | ||||||||||||||||||||||
Latin America | 0.1 | - | - | - | -0.1 | - | ||||||||||||||||
North America | 1.6 | - | -0.1 | - | 0.1 | 1.6 | ||||||||||||||||
Asia Pacific | 0.1 | - | -0.1 | - | - | - | ||||||||||||||||
Other | ||||||||||||||||||||||
Latin America | 0.2 | - | -0.2 | - | - | - | ||||||||||||||||
EMEA | 0.4 | -0.1 | -0.1 | - | -0.1 | 0.1 | ||||||||||||||||
Asia Pacific | 0.2 | - | -0.2 | - | - | - | ||||||||||||||||
Total other intangibles | $ | 63.8 | 2.2 | -9.1 | - | -0.8 | 56.1 | |||||||||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] | ' | |||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||
Gross Carrying | Accumulated | Net Carrying | Gross Carrying | Accumulated | Net Carrying | |||||||||||||||||
(In millions) | Amount | Amortization | Amount | Amount | Amortization | Amount | ||||||||||||||||
Customer relationships: | ||||||||||||||||||||||
Latin America | $ | 23.8 | -12.6 | 11.2 | $ | 27.1 | -11.6 | 15.5 | ||||||||||||||
EMEA | 28.7 | -24.7 | 4 | 31.9 | -27.3 | 4.6 | ||||||||||||||||
North America | 3 | -3 | - | 12.9 | -5.4 | 7.5 | ||||||||||||||||
Asia Pacific | 13.6 | -3.2 | 10.4 | 17.1 | -3.3 | 13.8 | ||||||||||||||||
Indefinite-lived trade names: | ||||||||||||||||||||||
Latin America | 11.5 | - | 11.5 | 11.7 | - | 11.7 | ||||||||||||||||
EMEA | 0.3 | - | 0.3 | 0.3 | - | 0.3 | ||||||||||||||||
Asia Pacific | - | - | - | 1 | - | 1 | ||||||||||||||||
Finite-lived trade names: | ||||||||||||||||||||||
Latin America | 1.7 | -1.3 | 0.4 | 1.4 | -1.4 | - | ||||||||||||||||
EMEA | - | - | - | 0.1 | -0.1 | - | ||||||||||||||||
North America | - | - | - | 1.7 | -0.1 | 1.6 | ||||||||||||||||
Asia Pacific | - | - | - | 0.5 | -0.5 | - | ||||||||||||||||
Other contract-related assets: | ||||||||||||||||||||||
Latin America | 9.3 | -0.8 | 8.5 | - | - | - | ||||||||||||||||
Other: | ||||||||||||||||||||||
Latin America | 0.8 | -0.8 | - | 1 | -1 | - | ||||||||||||||||
EMEA | 1.2 | -1.2 | - | 1.4 | -1.3 | 0.1 | ||||||||||||||||
Asia Pacific | 0.9 | -0.9 | - | 1 | -1 | - | ||||||||||||||||
Total | $ | 94.8 | -48.5 | 46.3 | $ | 109.1 | -53 | 56.1 | ||||||||||||||
Schedule of Expected Amortization Expense [Table Text Block] | ' | |||||||||||||||||||||
(In millions) | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||
Amortization expense | $ | 5.3 | 4.7 | 4.1 | 3.5 | 3 |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] | ' | |||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||
Amounts Arising During | Amounts Reclassified to | |||||||||||||
the Current Period | Net Income (Loss) | |||||||||||||
Total Other | ||||||||||||||
Income | Income | Comprehensive | ||||||||||||
(In millions) | Pretax | Tax | Pretax | Tax | Income (Loss) | |||||||||
2013 | ||||||||||||||
Amounts attributable to Brink's: | ||||||||||||||
Benefit plan adjustments | $ | 251.9 | -114.1 | 76.4 | -27.1 | 187.1 | ||||||||
Foreign currency translation adjustments | -30.9 | - | -0.5 | 0.1 | -31.3 | |||||||||
Unrealized gains (losses) on available-for-sale securities | -0.3 | 0.1 | 0.4 | -0.2 | - | |||||||||
Gains (losses) on cash flow hedges | 2.9 | - | -2.3 | - | 0.6 | |||||||||
223.6 | -114 | 74 | -27.2 | 156.4 | ||||||||||
Amounts attributable to noncontrolling interests: | ||||||||||||||
Benefit plan adjustments | -0.9 | 0.3 | 0.3 | -0.1 | -0.4 | |||||||||
Foreign currency translation adjustments | -1.4 | - | - | - | -1.4 | |||||||||
Unrealized gains (losses) on available-for-sale securities | - | - | - | - | - | |||||||||
Gains (losses) on cash flow hedges | - | - | - | - | - | |||||||||
-2.3 | 0.3 | 0.3 | -0.1 | -1.8 | ||||||||||
Total | ||||||||||||||
Benefit plan adjustments(a) | 251 | -113.8 | 76.7 | -27.2 | 186.7 | |||||||||
Foreign currency translation adjustments(b) | -32.3 | - | -0.5 | 0.1 | -32.7 | |||||||||
Unrealized gains (losses) on available-for-sale securities(c) | -0.3 | 0.1 | 0.4 | -0.2 | - | |||||||||
Gains (losses) on cash flow hedges(d) | 2.9 | - | -2.3 | - | 0.6 | |||||||||
$ | 221.3 | -113.7 | 74.3 | -27.3 | 154.6 | |||||||||
2012 | ||||||||||||||
Amounts attributable to Brink's: | ||||||||||||||
Benefit plan adjustments | $ | -53.4 | 17.3 | 78.3 | -27.2 | 15 | ||||||||
Foreign currency translation adjustments | 1 | -0.2 | - | - | 0.8 | |||||||||
Unrealized gains (losses) on available-for-sale securities | 0.8 | -0.2 | -2.9 | 1 | -1.3 | |||||||||
-51.6 | 16.9 | 75.4 | -26.2 | 14.5 | ||||||||||
Amounts attributable to noncontrolling interests: | ||||||||||||||
Benefit plan adjustments | -2.9 | - | - | - | -2.9 | |||||||||
Foreign currency translation adjustments | 2.4 | - | - | - | 2.4 | |||||||||
Unrealized gains (losses) on available-for-sale securities | - | - | - | - | - | |||||||||
-0.5 | - | - | - | -0.5 | ||||||||||
Total | ||||||||||||||
Benefit plan adjustments(a) | -56.3 | 17.3 | 78.3 | -27.2 | 12.1 | |||||||||
Foreign currency translation adjustments | 3.4 | -0.2 | - | - | 3.2 | |||||||||
Unrealized gains (losses) on available-for-sale securities(c) | 0.8 | -0.2 | -2.9 | 1 | -1.3 | |||||||||
$ | -52.1 | 16.9 | 75.4 | -26.2 | 14 | |||||||||
Amounts Arising During | Amounts Reclassified to | |||||||||||||
the Current Period | Net Income (Loss) | |||||||||||||
Total Other | ||||||||||||||
Income | Income | Comprehensive | ||||||||||||
(In millions) | Pretax | Tax | Pretax | Tax | Income (Loss) | |||||||||
2011 | ||||||||||||||
Amounts attributable to Brink's: | ||||||||||||||
Benefit plan adjustments | $ | -253.2 | 89.4 | 52 | -17.6 | -129.4 | ||||||||
Foreign currency translation adjustments | -48.4 | 1.7 | - | - | -46.7 | |||||||||
Unrealized gains (losses) on available-for-sale securities | 2 | - | -4.4 | 0.9 | -1.5 | |||||||||
-299.6 | 91.1 | 47.6 | -16.7 | -177.6 | ||||||||||
Amounts attributable to noncontrolling interests: | ||||||||||||||
Benefit plan adjustments | - | - | - | - | - | |||||||||
Foreign currency translation adjustments | -2.1 | - | - | - | -2.1 | |||||||||
Unrealized gains (losses) on available-for-sale securities | 0.1 | - | - | - | 0.1 | |||||||||
-2 | - | - | - | -2 | ||||||||||
Total | ||||||||||||||
Benefit plan adjustments(a) | -253.2 | 89.4 | 52 | -17.6 | -129.4 | |||||||||
Foreign currency translation adjustments | -50.5 | 1.7 | - | - | -48.8 | |||||||||
Unrealized gains (losses) on available-for-sale securities(c) | 2.1 | - | -4.4 | 0.9 | -1.4 | |||||||||
$ | -301.6 | 91.1 | 47.6 | -16.7 | -179.6 | |||||||||
Reclassification Out Of Accumulated Other Comprehensive Income [Table Text Block] | ' | |||||||||||||
Benefit Plan Adjustments | Foreign Currency Translation Adjustments | Unrealized Gains (Losses) on Available-for-Sale Securities | Gains (Losses) on Cash Flow Hedges | Total | ||||||||||
(In millions) | ||||||||||||||
Balance as of December 31,2010 | $ | -550.7 | -64 | 4.4 | - | -610.3 | ||||||||
Other comprehensive income (loss) before reclassifications | -163.8 | -46.7 | 2 | - | -208.5 | |||||||||
Amounts reclassified from accumulated other comprehensive loss | 34.4 | - | -3.5 | - | 30.9 | |||||||||
Balance as of December 31, 2011 | -680.1 | -110.7 | 2.9 | - | -787.9 | |||||||||
Other comprehensive income (loss) before reclassifications | -36.1 | 0.8 | 0.6 | - | -34.7 | |||||||||
Amounts reclassified from accumulated other comprehensive loss | 51.1 | - | -1.9 | - | 49.2 | |||||||||
Balance as of December 31, 2012 | -665.1 | -109.9 | 1.6 | - | -773.4 | |||||||||
Other comprehensive income (loss) before reclassifications | 137.8 | -30.9 | -0.2 | 2.9 | 109.6 | |||||||||
Amounts reclassified from accumulated other comprehensive loss | 49.3 | -0.4 | 0.2 | -2.3 | 46.8 | |||||||||
Other comprehensive income (loss) attributable to Brink's | 187.1 | -31.3 | - | 0.6 | 156.4 | |||||||||
Acquisitions of noncontrolling interests | - | -0.3 | - | - | -0.3 | |||||||||
Balance as of December 31, 2013 | $ | -478 | -141.5 | 1.6 | 0.6 | -617.3 | ||||||||
Other_Assets_Tables
Other Assets (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Assets [Abstract] | ' | ||||||
Schedule of Other Assets [Table Text Block] | ' | ||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Prepaid pension assets | $ | 28.6 | 21.9 | ||||
Equity method investment in unconsolidated entities | 15.8 | 15.6 | |||||
Available-for-sale securities | 4.5 | 5.3 | |||||
Other | 49.5 | 36.6 | |||||
Other assets | $ | 98.4 | 79.4 |
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Fair value of financial instruments [Abstract] | ' | |||||||
Fixed Rate Debt [Table Text Block] | ' | |||||||
December 31, | ||||||||
(In millions) | 2013 | 2012 | ||||||
DTA bonds | ||||||||
Carrying value | $ | 43.2 | 43.2 | |||||
Fair value | 42.8 | 43.4 | ||||||
Unsecured notes issued in a private placement | ||||||||
Carrying value | 100 | 100 | ||||||
Fair value | 105.8 | 110.5 |
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Accrued Liabilities, Current [Abstract] | ' | ||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Payroll and other employee liabilities | $ | 172.8 | 168.9 | ||||
Taxes, except income taxes | 110.5 | 109.8 | |||||
Cash held by Cash Management Services operations(a) | 31.3 | 44 | |||||
Workers’ compensation and other claims | 24.3 | 24.4 | |||||
Retirement benefits (see note 3) | 10.3 | 13.4 | |||||
Income taxes payable | 14.5 | 16.1 | |||||
Other | 143.8 | 139.9 | |||||
Accrued liabilities | $ | 507.5 | 516.5 |
Other_Liabilities_Tables
Other Liabilities (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||
Schedule of Other Assets and Other Liabilities [Table Text Block] | ' | ||||||
December 31, | |||||||
(In millions) | 2013 | 2012 | |||||
Workers’ compensation and other claims | $ | 42.1 | 44.2 | ||||
Post-employment benefits | 42 | 40.2 | |||||
Asset retirement and remediation obligations | 18.9 | 17.9 | |||||
Employee-related liabilities | 14 | 17.1 | |||||
Noncurrent tax liabilities | 10.2 | 11.6 | |||||
Other | 43.4 | 46.4 | |||||
Other liabilities | $ | 170.6 | 177.4 |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||
Schedule of Long-term Debt | ' | ||||||||||
December 31, | |||||||||||
(In millions) | 2013 | 2012 | |||||||||
Bank credit facilities: | |||||||||||
Revolving Facility (year-end weighted average interest | |||||||||||
rate of 1.6% in 2013 and 1.5% in 2012) | $ | 120.6 | 107.2 | ||||||||
Private Placement Notes (Series A interest rate of 4.6%, Series B interest | |||||||||||
rate of 5.2%), due 2021 | 100 | 100 | |||||||||
Other non-U.S. dollar-denominated facilities (year-end weighted | |||||||||||
average interest rate of 5.7% in 2013 and 7.7% in 2012) | 14.9 | 20.9 | |||||||||
Dominion Terminal Associates 6.0% bonds, due 2033 | 43.2 | 43.2 | |||||||||
Capital leases (average rates: 3.7% in 2013 and 4.2% in 2012) | 76.4 | 91.3 | |||||||||
Total long-term debt | $ | 355.1 | 362.6 | ||||||||
Included in: | |||||||||||
Current liabilities | $ | 24.6 | 27 | ||||||||
Noncurrent liabilities | 330.5 | 335.6 | |||||||||
Total long-term debt | $ | 355.1 | 362.6 | ||||||||
Schedule of Minimum Repayments of Long-term Debt | ' | ||||||||||
Minimum repayments of long-term debt are as follows: | |||||||||||
(In millions) | Capital leases | Other long-term debt | Total | ||||||||
2014 | $ | 20.5 | 4.1 | 24.6 | |||||||
2015 | 20.7 | 13.7 | 34.4 | ||||||||
2016 | 13.7 | 9.1 | 22.8 | ||||||||
2017 | 10.4 | 129.7 | 140.1 | ||||||||
2018 | 6.4 | 7.1 | 13.5 | ||||||||
Later years | 4.7 | 115 | 119.7 | ||||||||
Total | $ | 76.4 | 278.7 | 355.1 | |||||||
Schedule of Capital Lease Aset Classes | ' | ||||||||||
December 31, | |||||||||||
(In millions) | 2013 | 2012 | |||||||||
Asset class: | |||||||||||
Buildings | $ | 2.6 | 4.9 | ||||||||
Vehicles | 103.7 | 108.2 | |||||||||
Machinery and equipment | 31.8 | 36.5 | |||||||||
138.1 | 149.6 | ||||||||||
Less: accumulated amortization | -57.6 | -47.4 | |||||||||
Total | $ | 80.5 | 102.2 |
Accounts_Receivable_Tables
Accounts Receivable (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Receivables [Abstract] | ' | ||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||
December 31, | |||||||||||
(In millions) | 2013 | 2012 | |||||||||
Trade | $ | 595.2 | 590.7 | ||||||||
Other | 35.2 | 30.8 | |||||||||
Total accounts receivable | 630.4 | 621.5 | |||||||||
Allowance for doubtful accounts | -8.2 | -9.2 | |||||||||
Accounts receivable, net | $ | 622.2 | 612.3 | ||||||||
Schedule of Allowance for Doubtful Accounts [Table Text Block] | ' | ||||||||||
Years Ended December 31, | |||||||||||
(In millions) | 2013 | 2012 | 2011 | ||||||||
Allowance for doubtful accounts: | |||||||||||
Beginning of year | $ | 9.2 | 8.9 | 7.2 | |||||||
Provision for uncollectible accounts receivable: | |||||||||||
Continuing operations | 4.1 | 1.7 | 3 | ||||||||
Discontinued operations | 0.1 | 1 | 1 | ||||||||
Write offs less recoveries | -3.9 | -1 | -1.4 | ||||||||
Foreign currency exchange effects | -1.3 | -1.4 | -0.9 | ||||||||
End of year | $ | 8.2 | 9.2 | 8.9 | |||||||
Operating_Leases_Tables
Operating Leases (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Leases, Operating [Abstract] | ' | ||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||||||||
(In millions) | Facilities | Vehicles | Other | Total | |||||||
2014 | $ | 55 | 13.4 | 13.1 | 81.5 | ||||||
2015 | 42.3 | 8.2 | 14.8 | 65.3 | |||||||
2016 | 29.8 | 3.3 | 15.6 | 48.7 | |||||||
2017 | 21.4 | 0.5 | 0.1 | 22 | |||||||
2018 | 15.7 | 0.2 | - | 15.9 | |||||||
Later years | 43 | - | - | 43 | |||||||
$ | 207.2 | 25.6 | 43.6 | 276.4 |
Sharebased_Compensation_Plans_
Share-based Compensation Plans (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] | ' | ||||||||||||||||
Weighted-Average | Aggregate | ||||||||||||||||
Shares | Weighted- Average | Remaining Contractual | Intrinsic Value | ||||||||||||||
(in thousands) | Exercise Price Per Share | Term (in years) | (in millions) | ||||||||||||||
Outstanding at December 31, 2010 | 3,355 | 29.1 | |||||||||||||||
Granted | 290 | 31.47 | |||||||||||||||
Exercised | -562 | 20.66 | |||||||||||||||
Forfeited or expired | -116 | 29.47 | |||||||||||||||
Outstanding at December 31, 2011 | 2,967 | 30.92 | |||||||||||||||
Granted | 396 | 22.55 | |||||||||||||||
Exercised | -71 | 19.04 | |||||||||||||||
Forfeited or expired | -680 | 29.92 | |||||||||||||||
Outstanding at December 31, 2012 | 2,612 | 30.23 | |||||||||||||||
Granted | - | - | |||||||||||||||
Exercised | -302 | 22.3 | |||||||||||||||
Forfeited or expired | -835 | 34.25 | |||||||||||||||
Outstanding at December 31, 2013 | |||||||||||||||||
1,475 | $ | 29.58 | 2.3 | $ | 7.2 | ||||||||||||
Of the above, as of December 31, 2013: | |||||||||||||||||
Exercisable | 1,154 | $ | 30.92 | 1.7 | $ | 4.2 | |||||||||||
Expected to vest in future periods(a) | 314 | $ | 24.81 | 4.3 | $ | 2.9 | |||||||||||
Performance Shares PSU [Member] | ' | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||||
Fair value of options calculation assumptions [Table Text Block] | ' | ||||||||||||||||
Assumptions Used to Estimate Fair Value of 2013 Grants of PSUs and MSUs | PSUs | MSUs | |||||||||||||||
Number of target shares, in thousands | 210 | 96 | |||||||||||||||
Assumptions used to estimate fair value | |||||||||||||||||
Beginning average price of Brink’s common stock(a) | $ | 27.59 | 27.59 | ||||||||||||||
Expected dividend yield for the TSR provision of PSU awards(b) | 0% | n/a | |||||||||||||||
Expected dividend yield for PSUs and MSUs(c) | 0% | 0% | |||||||||||||||
Expected volatility(d) | 39% | 39% | |||||||||||||||
Risk-free interest rate | 0.30% | 0.30% | |||||||||||||||
Expected term in years(e) | 2.7 | 2.7 | |||||||||||||||
Weighted-average fair value estimates at grant date(f): | |||||||||||||||||
In millions | $ | 5.5 | 2.5 | ||||||||||||||
Fair value per share | $ | 26.22 | 26.42 | ||||||||||||||
Nonvested share activity [Table Text Block] | ' | ||||||||||||||||
Nonvested Share Activity - MSUs and PSUs | |||||||||||||||||
Number of shares | Weighted-Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
(in thousands of shares, except for per share amounts) | PSUs | MSUs | Total | Fair Value | |||||||||||||
Balance as of December 31, 2012 | - | - | - | $ | - | ||||||||||||
Granted | 210.4 | 96.2 | 306.6 | 26.28 | |||||||||||||
Cancelled awards | -11.1 | - | -11.1 | 26.22 | |||||||||||||
Balance as of December 31, 2013 | 199.3 | 96.2 | 295.5 | $ | 26.28 | ||||||||||||
Nonvested Share Activity - RSUs and DSUs | |||||||||||||||||
Number of shares | Weighted-Average | ||||||||||||||||
Grant-Date | |||||||||||||||||
(in thousands of shares, except for per share amounts) | RSUs | DSUs | Total | Fair Value | |||||||||||||
Balance as of December 31, 2010 | 299.5 | 29.1 | 328.6 | $ | 22.84 | ||||||||||||
Granted | 143.7 | 15.8 | 159.5 | 30.43 | |||||||||||||
Cancelled awards | -16.5 | - | -16.5 | 23.65 | |||||||||||||
Vested | -127.1 | -29.1 | -156.2 | 24.13 | |||||||||||||
Balance as of December 31, 2011 | 299.6 | 15.8 | 315.4 | 25.99 | |||||||||||||
Granted | 321 | 23 | 344 | 22.21 | |||||||||||||
Cancelled awards | -21.3 | - | -21.3 | 24.53 | |||||||||||||
Vested | -191.4 | -15.8 | -207.2 | 25.68 | |||||||||||||
Balance as of December 31, 2012 | 407.9 | 23 | 430.9 | 23.19 | |||||||||||||
Granted | 206.6 | 19.2 | 225.8 | 26.22 | |||||||||||||
Cancelled awards | -66.9 | - | -66.9 | 24.16 | |||||||||||||
Vested | -151.2 | -23 | -174.2 | 23.19 | |||||||||||||
Balance as of December 31, 2013 | 396.4 | 19.2 | 415.6 | $ | 24.68 | ||||||||||||
Stock Options [Member] | ' | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ||||||||||||||||
Fair value of options calculation assumptions [Table Text Block] | ' | ||||||||||||||||
Years Ended December 31, | |||||||||||||||||
Assumptions Used to Estimate Fair Value of Grants of Stock Options | 2012 | 2011 | |||||||||||||||
Number of shares underlying options, in thousands | 396 | 290 | |||||||||||||||
Weighted-average exercise price per share | $ | 22.55 | 31.47 | ||||||||||||||
Assumptions used to estimate fair value | |||||||||||||||||
Expected dividend yield(a): | |||||||||||||||||
Weighted-average | 1.80% | 1.30% | |||||||||||||||
Expected volatility(b): | |||||||||||||||||
Weighted-average | 40% | 36% | |||||||||||||||
Range | 39% | – | 40% | 36% | – | 37% | |||||||||||
Risk-free interest rate: | |||||||||||||||||
Weighted-average | 0.60% | 1.20% | |||||||||||||||
Range | 0.40% | – | 0.90% | 0.50% | – | 1.90% | |||||||||||
Expected term in years(c): | |||||||||||||||||
Weighted-average | 4.3 | 3.8 | |||||||||||||||
Range | 3.3 | – | 5.3 | 1.9 | – | 5.3 | |||||||||||
Weighted-average fair value estimates at grant date: | |||||||||||||||||
In millions | $ | 2.5 | 2.4 | ||||||||||||||
Fair value per share | $ | 6.32 | 8.17 | ||||||||||||||
Capital_Stock_Tables
Capital Stock (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | |||||||
Schedule Of Weighted Average Number Of Shares [Table Text Block] | ' | |||||||
Years Ended December 31, | ||||||||
(In millions) | 2013 | 2012 | 2011 | |||||
Weighted-average shares | ||||||||
Basic(a) | 48.7 | 48.4 | 47.8 | |||||
Effect of dilutive stock awards | 0.3 | 0.2 | 0.3 | |||||
Diluted(a) | 49 | 48.6 | 48.1 | |||||
Antidilutive stock awards excluded from denominator | 1.3 | 2.4 | 2.3 |
Loss_from_Discontinued_Operati1
Loss from Discontinued Operations (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||
Income from Discontinued Operations [Table Text Block] | ' | |||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Loss from operations(a)(b) | $ | -26 | -22.5 | -21.8 | ||||||
Gain (loss) on sales(a) | 16.3 | -0.3 | - | |||||||
Settlement loss related to Belgium bankruptcy | - | - | -10.1 | |||||||
Adjustments to contingencies of former operations(c): | ||||||||||
Workers’ compensation | -1.7 | -0.2 | -1.4 | |||||||
Gain from Federal Black Lung Excise Tax refunds | - | - | 4.2 | |||||||
Other | 1 | -0.3 | -0.6 | |||||||
Loss from discontinued operations before income taxes | -10.4 | -23.3 | -29.7 | |||||||
Provision (benefit) for income taxes | 4.7 | -1 | -3.9 | |||||||
Loss from discontinued operations, net of tax | $ | -15.1 | -22.3 | -25.8 | ||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Loss from operations(a)(b) | $ | -26 | -22.5 | -21.8 | ||||||
Gain (loss) on sales(a) | 16.3 | -0.3 | - | |||||||
Settlement loss related to Belgium bankruptcy | - | - | -10.1 | |||||||
Adjustments to contingencies of former operations(c): | ||||||||||
Workers’ compensation | -1.7 | -0.2 | -1.4 | |||||||
Gain from Federal Black Lung Excise Tax refunds | - | - | 4.2 | |||||||
Other | 1 | -0.3 | -0.6 | |||||||
Loss from discontinued operations before income taxes | -10.4 | -23.3 | -29.7 | |||||||
Provision (benefit) for income taxes | 4.7 | -1 | -3.9 | |||||||
Loss from discontinued operations, net of tax | $ | -15.1 | -22.3 | -25.8 | ||||||
Schedule Of Revenues And Losses From Operations [Table Text Block] | ' | |||||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
EMEA | $ | 77.6 | 136.9 | 153.9 | ||||||
North America | 41.2 | 52.1 | 50.8 | |||||||
Asia Pacific | 23.6 | 22.5 | 17.9 | |||||||
Total | $ | 142.4 | 211.5 | 222.6 | ||||||
December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
EMEA | $ | 77.6 | 136.9 | 153.9 | ||||||
North America | 41.2 | 52.1 | 50.8 | |||||||
Asia Pacific | 23.6 | 22.5 | 17.9 | |||||||
Total | $ | 142.4 | 211.5 | 222.6 | ||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
German CIT Operation: | ||||||||||
Revenues | $ | 56.4 | 57.7 | 62.4 | ||||||
Losses from operations before tax | -24.3 | -10 | -11.1 |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Supplemental Cash Flow Information [Abstract] | ' | |||||||||
Schedule Of Cash Flow Supplemental Disclosures [TableTextBlock] | ' | |||||||||
Years Ended December 31, | ||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||
Cash paid for: | ||||||||||
Interest | $ | 23.7 | 22.7 | 22.3 | ||||||
Income taxes, net | 92.7 | 89.3 | 79.8 |
Other_Operating_Income_Expense1
Other Operating Income (Expense) (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Income and Expenses [Abstract] | ' | ||||||||||
Interest and Other Income [Table Text Block] | ' | ||||||||||
Years Ended December 31, | |||||||||||
(In millions) | 2013 | 2012 | 2011 | ||||||||
Share in earnings of equity affiliates | $ | 6.7 | 6 | 4.8 | |||||||
Gains on business acquisitions and dispositions | 2.8 | 0.8 | 9.2 | ||||||||
Royalty income | 1.9 | 2.1 | 1.7 | ||||||||
Gains on sale of property and other assets | 2.4 | 7.6 | 1.2 | ||||||||
Impairment losses | -2.9 | -2.4 | -2.4 | ||||||||
Foreign currency items: | |||||||||||
Transaction losses | -20.2 | -4.2 | -3.7 | ||||||||
Hedge gains (losses) | -0.4 | 0.2 | 2.2 | ||||||||
Other | 0.3 | 0.9 | 5 | ||||||||
Other operating income (expense) | $ | -9.4 | 11 | 18 |
Interest_and_Other_Nonoperatin1
Interest and Other Nonoperating Income (Expense) (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Interest and Other Income [Abstract] | ' | ||||||||
Schedule of Other Nonoperating Income (Expense) [Table Text Block] | ' | ||||||||
Years Ended December 31, | |||||||||
(In millions) | 2013 | 2012 | 2011 | ||||||
Interest income | $ | 2.7 | 4.8 | 5.7 | |||||
Gain on available-for-sale securities | 0.4 | 2.9 | 4.4 | ||||||
Foreign currency hedge losses | -1 | - | - | ||||||
Other | -0.5 | -0.5 | -1.2 | ||||||
Total | $ | 1.6 | 7.2 | 8.9 |
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Data [Abstract] | ' | ||||||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||||||
2013 Quarters | 2012 Quarters | ||||||||||||||||||||
(In millions, except for per share amounts) | 1st | 2nd | 3rd | 4th | 1st | 2nd | 3rd | 4th | |||||||||||||
Revenues | $ | 950.5 | 969.9 | 982.4 | 1,039.40 | $ | 917.1 | 914.6 | 926.2 | 977.1 | |||||||||||
Segment operating profit | 34.3 | 54.4 | 79.9 | 84.2 | 73.1 | 52.1 | 67 | 71.7 | |||||||||||||
Operating profit | 17.3 | 32.8 | 59.2 | 62.4 | 48.8 | 30.8 | 45 | 50.4 | |||||||||||||
Amounts attributable to Brink’s: | |||||||||||||||||||||
Income (loss) from: | |||||||||||||||||||||
Continuing operations | $ | 2.9 | 13.2 | 29.8 | 26 | $ | 22.5 | 33.6 | 21.1 | 34 | |||||||||||
Discontinued operations | -19.5 | -4.5 | -6 | 14.9 | -5.5 | -3.1 | -7.6 | -6.1 | |||||||||||||
Net income (loss) attributable to Brink’s | $ | -16.6 | 8.7 | 23.8 | 40.9 | $ | 17 | 30.5 | 13.5 | 27.9 | |||||||||||
Depreciation and amortization | $ | 42.1 | 42.2 | 42.3 | 47 | $ | 38.7 | 38.2 | 38.4 | 40.4 | |||||||||||
Capital expenditures | 33.4 | 44.8 | 44 | 55.5 | 32 | 35.9 | 44.1 | 65.9 | |||||||||||||
Earnings (loss) per share attributable to Brink’s common shareholders: | |||||||||||||||||||||
Basic | |||||||||||||||||||||
Continuing operations | $ | 0.06 | 0.27 | 0.61 | 0.53 | $ | 0.47 | 0.69 | 0.44 | 0.7 | |||||||||||
Discontinued operations | -0.4 | -0.09 | -0.12 | 0.31 | -0.11 | -0.06 | -0.16 | -0.13 | |||||||||||||
Net income | $ | -0.34 | 0.18 | 0.49 | 0.84 | $ | 0.35 | 0.63 | 0.28 | 0.58 | |||||||||||
Diluted | |||||||||||||||||||||
Continuing operations | $ | 0.06 | 0.27 | 0.61 | 0.53 | $ | 0.47 | 0.69 | 0.43 | 0.7 | |||||||||||
Discontinued operations | -0.4 | -0.09 | -0.12 | 0.3 | -0.11 | -0.06 | -0.16 | -0.13 | |||||||||||||
Net income | $ | -0.34 | 0.18 | 0.49 | 0.83 | $ | 0.35 | 0.63 | 0.28 | 0.57 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Maximum [Member] | Venezuelan Operations [Member] | Venezuelan Operations [Member] | Venezuelan Operations [Member] | Bolivar Fuerte Denominated [Member] | To [Member] | From [Member] | Buildings [Member] | Buildings [Member] | Buildings leasehold improvements [Member] | Buildings leasehold improvements [Member] | Vehicles [Member] | Vehicles [Member] | Capitalized software [Member] | Capitalized software [Member] | Other machinery and equipment [Member] | Other machinery and equipment [Member] | |||||
Max [Member] | Min [Member] | Max [Member] | Min [Member] | Max [Member] | Min [Member] | Max [Member] | Min [Member] | Max [Member] | Min [Member] | ||||||||||||
Summary of Significant Accounting Policies [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounting corrections | ' | ' | $7.80 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated useful lives (in years) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '25 years 0 months 0 days | '16 years 0 months 0 days | '10 years 0 months 0 days | '3 years 0 months 0 days | '10 years 0 months 0 days | '3 years 0 months 0 days | '5 years 0 months 0 days | '3 years 0 months 0 days | '10 years 0 months 0 days | '3 years 0 months 0 days |
Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining useful lives (in years), maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | '14 years 0 months 0 days | '1 year 0 months 0 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign Currency Translation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | 3,942.20 | 3,735 | 3,662.90 | ' | ' | 447 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Venezuelan revenues as a percentage of total revenues | ' | ' | ' | ' | ' | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation losses total | -32.8 | 3.4 | -50.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign Currency Exchange Rate Translation | ' | ' | ' | ' | ' | 11.3 | 6.3 | 5.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets Net | 912.8 | 842.6 | 802.9 | ' | ' | ' | ' | ' | 120.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net remeasurement loss | ' | ' | ' | ' | 13.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 255.5 | 201.7 | 182.9 | 183 | ' | ' | ' | ' | 93.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Brinks investments in Venzuelan Operations on an equity-method basis | $15.80 | $15.60 | $12.80 | ' | ' | $125.30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment_information_Details
Segment information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $1,039.40 | $982.40 | $969.90 | $950.50 | $977.10 | $926.20 | $914.60 | $917.10 | $3,942.20 | $3,735 | $3,662.90 |
Operating profit | 62.4 | 59.2 | 32.8 | 17.3 | 50.4 | 45 | 30.8 | 48.8 | 171.7 | 175 | 202.5 |
Capital expenditures | 55.5 | 44 | 44.8 | 33.4 | 65.9 | 44.1 | 35.9 | 32 | 177.7 | 177.9 | 183.7 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 167.1 | 148.5 | 139.4 |
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | -7.8 | -9.1 | ' |
Depreciation and amortization | 47 | 42.3 | 42.2 | 42.1 | 40.4 | 38.4 | 38.2 | 38.7 | 173.6 | 155.7 | 148.1 |
Total assets | 2,498 | ' | ' | ' | 2,553.90 | ' | ' | ' | 2,498 | 2,553.90 | 2,406.20 |
Long-Lived Assets | 1,045.20 | ' | ' | ' | 1,093.70 | ' | ' | ' | 1,045.20 | 1,093.70 | 1,044.40 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,942.20 | 3,735 | 3,662.90 |
Assets Net | 912.8 | ' | ' | ' | 842.6 | ' | ' | ' | 912.8 | 842.6 | 802.9 |
Unconsolidated Equity Affiliates held by International Segment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of investments at year end | 15.8 | ' | ' | ' | 15.6 | ' | ' | ' | 15.8 | 15.6 | 12.8 |
Share of earnings of unconsolidated equity affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 6.7 | 6 | 4.8 |
Undistributed earnings of equity affiliates included in consolidated retained earrings [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed earnings | 4.3 | ' | ' | ' | 8.8 | ' | ' | ' | 4.3 | 8.8 | 7.1 |
France [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 161.8 | ' | ' | ' | 163.5 | ' | ' | ' | 161.8 | 163.5 | 149.9 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 542.5 | 535.5 | 545.2 |
Mexico [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 148.1 | ' | ' | ' | 145.3 | ' | ' | ' | 148.1 | 145.3 | 123.9 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 450.4 | 424 | 415.2 |
Brazil [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 107.9 | ' | ' | ' | 95.6 | ' | ' | ' | 107.9 | 95.6 | 100.9 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 392 | 388.3 | 386.8 |
Canada [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 50.7 | ' | ' | ' | 90.8 | ' | ' | ' | 50.7 | 90.8 | 87.3 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 190.9 | 186.6 | 189.9 |
Venezuela [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 47.7 | ' | ' | ' | 46.7 | ' | ' | ' | 47.7 | 46.7 | 43.5 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 447.1 | 342.6 | 269.2 |
All Other Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 335 | ' | ' | ' | 348.8 | ' | ' | ' | 335 | 348.8 | 338.1 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,211.80 | 1,151.30 | 1,123.10 |
Non Us [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 851.2 | ' | ' | ' | 890.7 | ' | ' | ' | 851.2 | 890.7 | 843.6 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 3,234.70 | 3,028.30 | 2,929.40 |
United States [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Lived Assets | 194 | ' | ' | ' | 203 | ' | ' | ' | 194 | 203 | 200.8 |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 707.5 | 706.7 | 733.5 |
Latin America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,720.70 | 1,579.40 | 1,460.70 |
Operating profit | ' | ' | ' | ' | ' | ' | ' | ' | 149.9 | 135.1 | 143.5 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 88.7 | 83.8 | 85 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 57.1 | 47.5 | 41.4 |
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 3.7 | 3.2 | 3.9 |
Total assets | 1,044 | ' | ' | ' | 880.9 | ' | ' | ' | 1,044 | 880.9 | 761 |
Assets Net | 479.4 | ' | ' | ' | 438.2 | ' | ' | ' | 479.4 | 438.2 | 376.9 |
Unconsolidated Equity Affiliates held by International Segment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of investments at year end | 13.5 | ' | ' | ' | 13.8 | ' | ' | ' | 13.5 | 13.8 | 11.2 |
Share of earnings of unconsolidated equity affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 5.8 | 4.7 |
Undistributed earnings of equity affiliates included in consolidated retained earrings [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed earnings | 3.5 | ' | ' | ' | 8.4 | ' | ' | ' | 3.5 | 8.4 | 6.6 |
Europe, Middle East and Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,178.30 | 1,125.90 | 1,143 |
Operating profit | ' | ' | ' | ' | ' | ' | ' | ' | 81.5 | 88.1 | 73.4 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 33.9 | 40.1 | 47.3 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 47.2 | 41.1 | 44.1 |
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1.6 | 2.6 | 2.9 |
Total assets | 672.6 | ' | ' | ' | 681.3 | ' | ' | ' | 672.6 | 681.3 | 669.4 |
Assets Net | 291.4 | ' | ' | ' | 272.1 | ' | ' | ' | 291.4 | 272.1 | 283.4 |
Unconsolidated Equity Affiliates held by International Segment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share of earnings of unconsolidated equity affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -0.1 |
Undistributed earnings of equity affiliates included in consolidated retained earrings [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed earnings | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 |
North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 898.4 | 893.3 | 923.4 |
Operating profit | ' | ' | ' | ' | ' | ' | ' | ' | 4.7 | 31.9 | 30.3 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 52.1 | 48.2 | 44.2 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 58 | 55.1 | 50.1 |
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0.2 | 0.3 | 0.7 |
Total assets | 426.6 | ' | ' | ' | 480.5 | ' | ' | ' | 426.6 | 480.5 | 468.6 |
Unconsolidated Equity Affiliates held by International Segment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of investments at year end | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 |
Share of earnings of unconsolidated equity affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Undistributed earnings of equity affiliates included in consolidated retained earrings [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed earnings | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 |
Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 144.8 | 136.4 | 135.8 |
Operating profit | ' | ' | ' | ' | ' | ' | ' | ' | 16.7 | 8.8 | 15.1 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 5.8 | 7.2 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | 4.8 | 4.8 | 3.8 |
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1.1 | 1.2 |
Total assets | 108.1 | ' | ' | ' | 146.3 | ' | ' | ' | 108.1 | 146.3 | 135.5 |
Assets Net | 72.7 | ' | ' | ' | 89.1 | ' | ' | ' | 72.7 | 89.1 | 85.8 |
Unconsolidated Equity Affiliates held by International Segment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of investments at year end | 2.3 | ' | ' | ' | 1.8 | ' | ' | ' | 2.3 | 1.8 | 1.6 |
Share of earnings of unconsolidated equity affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 0.7 | 0.2 | 0.2 |
Undistributed earnings of equity affiliates included in consolidated retained earrings [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed earnings | 0.8 | ' | ' | ' | 0.4 | ' | ' | ' | 0.8 | 0.4 | 0.5 |
Canada [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets Net | 69.3 | ' | ' | ' | 43.2 | ' | ' | ' | 69.3 | 43.2 | 56.8 |
Segment operating profit [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating profit | ' | ' | ' | ' | ' | ' | ' | ' | 252.8 | 263.9 | 262.3 |
Total assets | 2,251.30 | ' | ' | ' | 2,189 | ' | ' | ' | 2,251.30 | 2,189 | 2,034.50 |
Non Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Revenue and Operating Profit [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating profit | ' | ' | ' | ' | ' | ' | ' | ' | -81.1 | -88.9 | -59.8 |
Total assets | $246.70 | ' | ' | ' | $364.90 | ' | ' | ' | $246.70 | $364.90 | $371.70 |
Retirement_Benefits_Retirement
Retirement Benefits - Retirement Cost (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
US Plans [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Service cost | $0 | $0 | $0 |
Interest cost | 42.2 | 43.8 | 46.2 |
Return on assets - expected | -56.9 | -60 | -65 |
Amortization of losses | 45.1 | 39.5 | 28.2 |
Amortization of prior service cost | 0 | 0 | 0 |
Settlement loss | 0.1 | 5 | 0 |
Net periodic pension cost | 30.5 | 28.3 | 9.4 |
Non-US Plans [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Service cost | 15 | 11.1 | 10.2 |
Interest cost | 19.1 | 19.1 | 16.9 |
Return on assets - expected | -12.9 | -12.2 | -12 |
Amortization of losses | 6.1 | 4 | 2.8 |
Amortization of prior service cost | 0.8 | 2 | 1.5 |
Settlement loss | 2.6 | 3.3 | 2.2 |
Net periodic pension cost | 30.7 | 27.3 | 21.6 |
UMWA Plans Postretirement Medical [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Service cost | 0 | 0 | 0 |
Interest cost | 19.7 | 22.3 | 24 |
Return on assets - expected | -20.8 | -21.3 | -25.5 |
Amortization of losses | 19.6 | 21 | 14.7 |
Amortization of prior service cost | 0 | 0 | 0 |
Net periodic pension cost | 18.5 | 22 | 13.2 |
Black Lung And Other Plans Postretirement Medical [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Service cost | 0.3 | 0.6 | 0 |
Interest cost | 1.9 | 2.8 | 2.8 |
Return on assets - expected | 0 | 0 | 0 |
Amortization of losses | 0.7 | 1.5 | 0.6 |
Amortization of prior service cost | 1.7 | 2 | 2 |
Net periodic pension cost | 4.6 | 6.9 | 5.4 |
Pension plan [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Service cost | 15 | 11.1 | 10.2 |
Interest cost | 61.3 | 62.9 | 63.1 |
Return on assets - expected | -69.8 | -72.2 | -77 |
Amortization of losses | 51.2 | 43.5 | 31 |
Amortization of prior service cost | 0.8 | 2 | 1.5 |
Settlement loss | 2.7 | 8.3 | 2.2 |
Net periodic pension cost | 61.2 | 55.6 | 31 |
Retirement benefits other than pension [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Service cost | 0.3 | 0.6 | 0 |
Interest cost | 21.6 | 25.1 | 26.8 |
Return on assets - expected | -20.8 | -21.3 | -25.5 |
Amortization of losses | 20.3 | 22.5 | 15.3 |
Amortization of prior service cost | 1.7 | 2 | 2 |
Net periodic pension cost | $23.10 | $28.90 | $18.60 |
Retirement_Benefits_Obligation
Retirement Benefits - Obligations and Funded Status (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Noncurrent asset | ($28.60) | ($21.90) | ' |
US Plans [Member] | ' | ' | ' |
Changes in the benefit obligation [Roll Forward] | ' | ' | ' |
Benefit obligation at beginning of year | 1,031.30 | 990.7 | ' |
Service cost | 0 | 0 | 0 |
Interest cost | 42.2 | 43.8 | 46.2 |
Participant contributions | 0 | 0 | ' |
Plan amendments | 0 | 0 | ' |
Curtailments | 0 | 0 | ' |
Settlements | -0.5 | -13.9 | ' |
Acquisition | 0 | 0 | ' |
Benefits paid | -43.6 | -42.3 | ' |
Actuarial (gains) losses | -94.5 | 53 | ' |
Foreign currency exchange effects | 0 | 0 | ' |
Benefit obligation at end of year | 934.9 | 1,031.30 | 990.7 |
Changes in plan assets [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of year | 756.3 | 685.4 | ' |
Return on assets - actual | 85.5 | 89.9 | ' |
Participant contributions | 0 | 0 | ' |
Employer contributions | 14.1 | 37.2 | ' |
Settlements | -0.5 | -13.9 | ' |
Acquisition | 0 | 0 | ' |
Benefits paid | -43.6 | -42.3 | ' |
Foreign currency effects | 0 | 0 | ' |
Fair value of plan assets at end of year | 811.8 | 756.3 | 685.4 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -123.1 | -275 | ' |
Noncurrent asset | 0 | 0 | ' |
Current liability, included in accrued liabilities | 0.8 | 0.9 | ' |
Noncurrent liability | 122.3 | 274.1 | ' |
Net pension liability | 123.1 | 275 | ' |
Defined Benefit Plan Change In Net Actuarial Gains And Losses In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net gains and losses | -491.9 | -513.3 | ' |
Net experience losses arising during the year | 123.1 | -23.1 | ' |
Reclassification adjustment for amortization of prior experience losses included in net income | 45.2 | 44.5 | ' |
End of year - net gains and losses | -323.6 | -491.9 | -513.3 |
Defined Benefit Plan Change In Net Prior Service Cost Credit In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net prior service (cost) credit | 0 | 0 | ' |
Prior service (cost) credit from plan amendments during the year | 0 | 0 | ' |
Reclassification adjustment for amortization of prior service cost included in net income | 0 | 0 | ' |
End of year - net prior service (cost) credit | 0 | 0 | 0 |
Non-US Plans [Member] | ' | ' | ' |
Changes in the benefit obligation [Roll Forward] | ' | ' | ' |
Benefit obligation at beginning of year | 392.3 | 306.9 | ' |
Service cost | 15 | 11.1 | 10.2 |
Interest cost | 19.1 | 19.1 | 16.9 |
Participant contributions | 3.8 | 3.5 | ' |
Plan amendments | -4.9 | 11.7 | ' |
Curtailments | -0.2 | -0.4 | ' |
Settlements | -2 | -3.2 | ' |
Acquisition | 0 | 0 | ' |
Benefits paid | -18.8 | -22 | ' |
Actuarial (gains) losses | -8 | 54.9 | ' |
Foreign currency exchange effects | -5.9 | 10.7 | ' |
Benefit obligation at end of year | 390.4 | 392.3 | 306.9 |
Changes in plan assets [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of year | 283 | 230.5 | ' |
Return on assets - actual | 16.6 | 34.7 | ' |
Participant contributions | 3.8 | 3.5 | ' |
Employer contributions | 40.1 | 32.8 | ' |
Settlements | -2 | -3.2 | ' |
Acquisition | 0 | 0 | ' |
Benefits paid | -18.8 | -22 | ' |
Foreign currency effects | -0.7 | 6.7 | ' |
Fair value of plan assets at end of year | 322 | 283 | 230.5 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -68.4 | -109.3 | ' |
Noncurrent asset | -28.6 | -21.9 | ' |
Current liability, included in accrued liabilities | 4.5 | 7.5 | ' |
Noncurrent liability | 92.5 | 123.7 | ' |
Net pension liability | 68.4 | 109.3 | ' |
Defined Benefit Plan Change In Net Actuarial Gains And Losses In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net gains and losses | -59.7 | -34.6 | ' |
Net experience losses arising during the year | 11.7 | -32.4 | ' |
Reclassification adjustment for amortization of prior experience losses included in net income | 8.8 | 7.3 | ' |
End of year - net gains and losses | -39.2 | -59.7 | -34.6 |
Defined Benefit Plan Change In Net Prior Service Cost Credit In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net prior service (cost) credit | -15.8 | -6.1 | ' |
Prior service (cost) credit from plan amendments during the year | 4.9 | -11.7 | ' |
Reclassification adjustment for amortization of prior service cost included in net income | 0.7 | 2 | ' |
End of year - net prior service (cost) credit | -10.2 | -15.8 | -6.1 |
UMWA Plans Postretirement Medical [Member] | ' | ' | ' |
Changes in the benefit obligation [Roll Forward] | ' | ' | ' |
Benefit obligation at beginning of year | 525.3 | 529.6 | ' |
Service cost | 0 | 0 | 0 |
Interest cost | 19.7 | 22.3 | 24 |
Plan amendments | -55.7 | 0 | ' |
Benefits paid | -34.2 | -35.7 | ' |
Medicare subsidy received | 3.1 | 3.2 | ' |
Actuarial (gains) losses | -31.7 | 5.9 | ' |
Foreign currency exchange effects | 0 | 0 | ' |
Benefit obligation at end of year | 426.5 | 525.3 | 529.6 |
Changes in plan assets [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of year | 268.7 | 268 | ' |
Return on assets - actual | 45.8 | 33.5 | ' |
Employer contributions | 1 | 0 | ' |
Benefits paid | -34.2 | -36 | ' |
Medicare subsidy received | 3.1 | 3.2 | ' |
Fair value of plan assets at end of year | 284.4 | 268.7 | 268 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -142.1 | -256.6 | ' |
Current liability, included in accrued liabilities | 0 | 0 | ' |
Noncurrent liability | 142.1 | 256.6 | ' |
Net pension liability | 142.1 | 256.6 | ' |
Defined Benefit Plan Change In Net Actuarial Gains And Losses In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net gains and losses | -295.7 | -323 | ' |
Net experience losses arising during the year | -56.7 | -6.3 | ' |
Reclassification adjustment for amortization of prior experience losses included in net income | 19.6 | 21 | ' |
End of year - net gains and losses | -219.4 | -295.7 | -323 |
Defined Benefit Plan Change In Net Prior Service Cost Credit In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net prior service (cost) credit | 0 | 0 | ' |
Prior service (cost) credit from plan amendments during the year | 55.7 | 0 | ' |
Reclassification adjustment for amortization of prior service cost included in net income | 0 | 0 | ' |
End of year - net prior service (cost) credit | 55.7 | 0 | 0 |
Black Lung And Other Plans Postretirement [Member] | ' | ' | ' |
Changes in the benefit obligation [Roll Forward] | ' | ' | ' |
Benefit obligation at beginning of year | 53 | 60.9 | ' |
Service cost | 0.3 | 0.6 | ' |
Interest cost | 1.9 | 2.8 | ' |
Plan amendments | 0 | -1.9 | ' |
Benefits paid | -7.1 | -6.6 | ' |
Medicare subsidy received | 0 | 0 | ' |
Actuarial (gains) losses | 0.8 | -2.2 | ' |
Foreign currency exchange effects | 0 | -0.6 | ' |
Benefit obligation at end of year | 48.9 | 53 | ' |
Changes in plan assets [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of year | 0 | 0 | ' |
Return on assets - actual | 0 | 0 | ' |
Employer contributions | 7.1 | 6.6 | ' |
Benefits paid | -7.1 | -6.6 | ' |
Medicare subsidy received | 0 | 0 | ' |
Fair value of plan assets at end of year | 0 | 0 | ' |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -48.9 | -53 | ' |
Current liability, included in accrued liabilities | 5 | 5 | ' |
Noncurrent liability | 43.9 | 48 | ' |
Net pension liability | 48.9 | 53 | ' |
Defined Benefit Plan Change In Net Actuarial Gains And Losses In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net gains and losses | -6.2 | -9.9 | ' |
Net experience losses arising during the year | 0.8 | -2.2 | ' |
Reclassification adjustment for amortization of prior experience losses included in net income | 0.7 | 1.5 | ' |
End of year - net gains and losses | -6.3 | -6.2 | ' |
Defined Benefit Plan Change In Net Prior Service Cost Credit In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net prior service (cost) credit | -9.4 | -13.3 | ' |
Prior service (cost) credit from plan amendments during the year | 0 | 1.9 | ' |
Reclassification adjustment for amortization of prior service cost included in net income | 1.7 | 2 | ' |
End of year - net prior service (cost) credit | -7.7 | -9.4 | ' |
Pension plan [Member] | ' | ' | ' |
Changes in the benefit obligation [Roll Forward] | ' | ' | ' |
Benefit obligation at beginning of year | 1,423.60 | 1,297.60 | ' |
Service cost | 15 | 11.1 | 10.2 |
Interest cost | 61.3 | 62.9 | 63.1 |
Participant contributions | 3.8 | 3.5 | ' |
Plan amendments | -4.9 | 11.7 | ' |
Curtailments | -0.2 | -0.4 | ' |
Settlements | -2.5 | -17.1 | ' |
Acquisition | 0 | 0 | ' |
Benefits paid | -62.4 | -64.3 | ' |
Actuarial (gains) losses | -102.5 | 107.9 | ' |
Foreign currency exchange effects | -5.9 | 10.7 | ' |
Benefit obligation at end of year | 1,325.30 | 1,423.60 | 1,297.60 |
Changes in plan assets [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of year | 1,039.30 | 915.9 | ' |
Return on assets - actual | 102.1 | 124.6 | ' |
Participant contributions | 3.8 | 3.5 | ' |
Employer contributions | 54.2 | 70 | ' |
Settlements | -2.5 | -17.1 | ' |
Acquisition | 0 | 0 | ' |
Benefits paid | -62.4 | -64.3 | ' |
Foreign currency effects | -0.7 | 6.7 | ' |
Fair value of plan assets at end of year | 1,133.80 | 1,039.30 | 915.9 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -191.5 | -384.3 | ' |
Noncurrent asset | -28.6 | -21.9 | ' |
Current liability, included in accrued liabilities | 5.3 | 8.4 | ' |
Noncurrent liability | 214.8 | 397.8 | ' |
Net pension liability | 191.5 | 384.3 | ' |
Defined Benefit Plan Change In Net Actuarial Gains And Losses In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net gains and losses | -551.6 | -547.9 | ' |
Net experience losses arising during the year | 134.8 | -55.5 | ' |
Reclassification adjustment for amortization of prior experience losses included in net income | 54 | 51.8 | ' |
End of year - net gains and losses | -362.8 | -551.6 | -547.9 |
Defined Benefit Plan Change In Net Prior Service Cost Credit In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net prior service (cost) credit | -15.8 | -6.1 | ' |
Prior service (cost) credit from plan amendments during the year | 4.9 | -11.7 | ' |
Reclassification adjustment for amortization of prior service cost included in net income | 0.7 | 2 | ' |
End of year - net prior service (cost) credit | -10.2 | -15.8 | -6.1 |
Retirement benefits other than pension [Member] | ' | ' | ' |
Changes in the benefit obligation [Roll Forward] | ' | ' | ' |
Benefit obligation at beginning of year | 578.3 | 590.5 | ' |
Service cost | 0.3 | 0.6 | 0 |
Interest cost | 21.6 | 25.1 | 26.8 |
Plan amendments | -55.7 | -1.9 | ' |
Benefits paid | -41.3 | -42.3 | ' |
Medicare subsidy received | 3.1 | 3.2 | ' |
Actuarial (gains) losses | -30.9 | 3.7 | ' |
Foreign currency exchange effects | 0 | -0.6 | ' |
Benefit obligation at end of year | 475.4 | 578.3 | 590.5 |
Changes in plan assets [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of year | 268.7 | 268 | ' |
Return on assets - actual | 45.8 | 33.5 | ' |
Employer contributions | 8.1 | 6.6 | ' |
Benefits paid | -41.3 | -42.6 | ' |
Medicare subsidy received | 3.1 | 3.2 | ' |
Fair value of plan assets at end of year | 284.4 | 268.7 | 268 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -191 | -309.6 | ' |
Current liability, included in accrued liabilities | 5 | 5 | ' |
Noncurrent liability | 186 | 304.6 | ' |
Net pension liability | 191 | 309.6 | ' |
Defined Benefit Plan Change In Net Actuarial Gains And Losses In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net gains and losses | -301.9 | -332.9 | ' |
Net experience losses arising during the year | -55.9 | -8.5 | ' |
Reclassification adjustment for amortization of prior experience losses included in net income | 20.3 | 22.5 | ' |
End of year - net gains and losses | -225.7 | -301.9 | -332.9 |
Defined Benefit Plan Change In Net Prior Service Cost Credit In Other Comprehensive Income [Roll Forward] | ' | ' | ' |
Beginning of year - net prior service (cost) credit | -9.4 | -13.3 | ' |
Prior service (cost) credit from plan amendments during the year | 55.7 | 1.9 | ' |
Reclassification adjustment for amortization of prior service cost included in net income | 1.7 | 2 | ' |
End of year - net prior service (cost) credit | $48 | ($9.40) | ($13.30) |
Retirement_Benefits_Informatio
Retirement Benefits - Information Comparing Plan Assets to Plan Obligations (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
US Plans [Member] | ' | ' |
Pension plans with an accumulated benefit obligation in excess of plan assets [Abstract] | ' | ' |
Fair value of plan assets | $811.80 | $756.30 |
Accumulated benefit obligation | 934.9 | 1,031.30 |
Projected benefit obligation | 934.9 | 1,031.30 |
Non-US Plans [Member] | ' | ' |
Pension plans with an accumulated benefit obligation in excess of plan assets [Abstract] | ' | ' |
Fair value of plan assets | 38.1 | 137.2 |
Accumulated benefit obligation | 103.6 | 223.2 |
Projected benefit obligation | 135.1 | 268.4 |
Pension plan [Member] | ' | ' |
Pension plans with an accumulated benefit obligation in excess of plan assets [Abstract] | ' | ' |
Fair value of plan assets | 849.9 | 893.5 |
Accumulated benefit obligation | 1,038.50 | 1,254.50 |
Projected benefit obligation | $1,070 | $1,299.70 |
Retirement_Benefits_Assumption
Retirement Benefits - Assumptions (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Discount rate - benefit obligation at year end | 5.00% | 4.20% | 4.60% |
US Plans [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Discount rate - pension cost | 4.20% | 4.60% | 5.30% |
Expected return on assets - Pension cost | 8.00% | 8.25% | 8.75% |
Non-US Plans [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Discount rate - pension cost | 5.30% | 5.40% | 5.80% |
Discount rate - benefit obligation at year end | 6.30% | 5.30% | 5.40% |
Expected return on assets - Pension cost | 4.64% | 4.92% | 5.16% |
Average rate of increase in salaries - pension cost | 3.80% | 3.20% | 3.30% |
Average rate of increase in salaries - benefit obligation at year end | 3.90% | 3.80% | 3.20% |
UMWA Plans Postretirement Medical [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Discount rate - pension cost | 3.90% | 4.40% | 5.30% |
Discount rate - benefit obligation at year end | 4.70% | 3.90% | 4.40% |
Black Lung And Other Plans Postretirement [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Discount rate - pension cost | 3.50% | 4.20% | 4.80% |
Discount rate - benefit obligation at year end | 4.40% | 3.50% | 4.20% |
Retirement benefits other than pension [Member] | ' | ' | ' |
Net periodic pension cost (credit) [Line Items] | ' | ' | ' |
Discount rate - pension cost | 3.90% | 4.40% | 5.20% |
Discount rate - benefit obligation at year end | 4.70% | 3.90% | 4.40% |
Expected return on assets - Pension cost | 8.25% | 8.50% | 8.75% |
Retirement_Benefits_Estimated_
Retirement Benefits - Estimated Future Pension Benef Pmts (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
US Plans [Member] | ' |
Net periodic pension cost (credit) [Line Items] | ' |
2014 | $47.70 |
2015 | 48.9 |
2016 | 50 |
2017 | 51.5 |
2018 | 53.1 |
2019 through 2023 | 287.3 |
Non-US Plans [Member] | ' |
Net periodic pension cost (credit) [Line Items] | ' |
2014 | 14.6 |
2015 | 13.7 |
2016 | 16.4 |
2017 | 19.1 |
2018 | 21.3 |
2019 through 2023 | 168.8 |
UMWA Plans Postretirement Medical [Member] | ' |
Net periodic pension cost (credit) [Line Items] | ' |
2014 | 31.5 |
2015 | 31.9 |
2016 | 31.5 |
2017 | 31.3 |
2018 | 32.9 |
2019 through 2023 | 148.6 |
Pension plan [Member] | ' |
Net periodic pension cost (credit) [Line Items] | ' |
2014 | 62.3 |
2015 | 62.6 |
2016 | 66.4 |
2017 | 70.6 |
2018 | 74.4 |
2019 through 2023 | 456.1 |
Retirement benefits other than pension [Member] | ' |
Net periodic pension cost (credit) [Line Items] | ' |
2014 | 36.5 |
2015 | 36.6 |
2016 | 35.9 |
2017 | 35.4 |
2018 | 36.7 |
2019 through 2023 | 164.5 |
Black Lung And Other Plans Postretirement [Member] | ' |
Net periodic pension cost (credit) [Line Items] | ' |
2014 | 5 |
2015 | 4.7 |
2016 | 4.4 |
2017 | 4.1 |
2018 | 3.8 |
2019 through 2023 | $15.90 |
Retirement_Benefits_Health_Car
Retirement Benefits - Health Care Cost Trends and OPEB Future Ben Pmts (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates [Abstract] | ' | ' |
Effects of 1% increase on service and interest cost | $2.30 | ' |
Effects of 1% increase on APBO | 45.4 | ' |
Effects of 1% decrease on service and interest cost | -1.9 | ' |
Effects of 1% decrease on APBO | -38.6 | ' |
US Plans [Member] | ' | ' |
Estimated Future Benefits Payments [Line Items] | ' | ' |
2014 | 47.7 | ' |
2015 | 48.9 | ' |
2016 | 50 | ' |
2017 | 51.5 | ' |
2018 | 53.1 | ' |
2019 through 2023 | 287.3 | ' |
Non-US Plans [Member] | ' | ' |
Estimated Future Benefits Payments [Line Items] | ' | ' |
2014 | 14.6 | ' |
2015 | 13.7 | ' |
2016 | 16.4 | ' |
2017 | 19.1 | ' |
2018 | 21.3 | ' |
2019 through 2023 | 168.8 | ' |
UMWA Plans Postretirement Medical [Member] | ' | ' |
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract] | ' | ' |
Assumed health care cost trend rate used to compute current APBO for next year | 7.00% | 7.00% |
Ultimate Health Care Cost Trend Rate | 5.00% | 5.00% |
Estimated Future Benefits Payments [Line Items] | ' | ' |
2014 | 31.5 | ' |
2015 | 31.9 | ' |
2016 | 31.5 | ' |
2017 | 31.3 | ' |
2018 | 32.9 | ' |
2019 through 2023 | 148.6 | ' |
Black Lung And Other Plans Postretirement [Member] | ' | ' |
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract] | ' | ' |
Assumed health care cost trend rate used to compute current APBO for next year | 5.00% | ' |
Estimated Future Benefits Payments [Line Items] | ' | ' |
2014 | 5 | ' |
2015 | 4.7 | ' |
2016 | 4.4 | ' |
2017 | 4.1 | ' |
2018 | 3.8 | ' |
2019 through 2023 | 15.9 | ' |
Pension plan [Member] | ' | ' |
Estimated Future Benefits Payments [Line Items] | ' | ' |
2014 | 62.3 | ' |
2015 | 62.6 | ' |
2016 | 66.4 | ' |
2017 | 70.6 | ' |
2018 | 74.4 | ' |
2019 through 2023 | 456.1 | ' |
Retirement benefits other than pension [Member] | ' | ' |
Estimated Future Benefits Payments [Line Items] | ' | ' |
2014 | 36.5 | ' |
2015 | 36.6 | ' |
2016 | 35.9 | ' |
2017 | 35.4 | ' |
2018 | 36.7 | ' |
2019 through 2023 | $164.50 | ' |
Retirement_Benefits_Plan_Assse
Retirement Benefits - Plan Asssets (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
US Plans [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | $811.80 | $756.30 | $685.40 |
Actual Allocation | 100.00% | 100.00% | ' |
Target Allocation | 100.00% | 100.00% | ' |
US Plans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 40 | 99.3 | 96.8 |
US Plans [Member] | Cash, cash equivalents and receivables [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 3.8 | 3.5 | ' |
Actual Allocation | 0.00% | 1.00% | ' |
Target Allocation | 0.00% | 0.00% | ' |
US Plans [Member] | Us Large Cap Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 16.00% | 30.00% | ' |
Target Allocation | 16.00% | 30.00% | ' |
US Plans [Member] | Us Large Cap Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 132.1 | 227.3 | ' |
US Plans [Member] | Us Small Mid Cap Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 7.00% | 8.00% | ' |
Target Allocation | 7.00% | 8.00% | ' |
US Plans [Member] | Us Small Mid Cap Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 58.6 | 60.8 | ' |
US Plans [Member] | International Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 14.00% | 12.00% | ' |
Target Allocation | 14.00% | 12.00% | ' |
US Plans [Member] | International Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 114.4 | 94.1 | ' |
US Plans [Member] | Emerging Markets Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 4.00% | ' | ' |
Target Allocation | 4.00% | ' | ' |
US Plans [Member] | Emerging Markets Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 31.7 | ' | ' |
US Plans [Member] | Dynamic Asset Allocation [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 6.00% | ' | ' |
Target Allocation | 6.00% | ' | ' |
US Plans [Member] | Dynamic Asset Allocation [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 50.2 | ' | ' |
US Plans [Member] | High Yield Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 3.00% | 8.00% | ' |
Target Allocation | 3.00% | 8.00% | ' |
US Plans [Member] | High Yield Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 24.5 | 61.9 | ' |
US Plans [Member] | Emerging Markets Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 3.00% | 4.00% | ' |
Target Allocation | 3.00% | 4.00% | ' |
US Plans [Member] | Emerging Markets Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 23.2 | 30.4 | ' |
US Plans [Member] | Long-duration 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 32.00% | 24.00% | ' |
Target Allocation | 32.00% | 23.00% | ' |
US Plans [Member] | Long-duration 1 [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 190.8 | 139.9 | ' |
US Plans [Member] | Long-duration 2 [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 65 | 39.1 | ' |
US Plans [Member] | Hedge fund of funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 5.00% | 13.00% | ' |
Target Allocation | 5.00% | 15.00% | ' |
US Plans [Member] | Hedge fund of funds [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 37.3 | 99.3 | ' |
US Plans [Member] | Core Property [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 5.00% | ' | ' |
Target Allocation | 5.00% | ' | ' |
US Plans [Member] | Core Property [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 40.2 | ' | ' |
US Plans [Member] | Structured Credit [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 5.00% | ' | ' |
Target Allocation | 5.00% | ' | ' |
US Plans [Member] | Structured Credit [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 40 | ' | ' |
Non-US Plans [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 322 | 283 | 230.5 |
Actual Allocation | 100.00% | 100.00% | ' |
Target Allocation | 100.00% | 100.00% | ' |
Non-US Plans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 167.9 | 140.1 | ' |
Non-US Plans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 154.1 | 142.9 | ' |
Non-US Plans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0.6 | 0.6 |
Non-US Plans [Member] | Cash, cash equivalents and receivables [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 5.2 | 2.6 | ' |
Actual Allocation | 2.00% | 1.00% | ' |
Non-US Plans [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 127 | 108.2 | ' |
Actual Allocation | 39.00% | 38.00% | ' |
Target Allocation | 39.00% | 39.00% | ' |
Non-US Plans [Member] | Us Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 30 | 25.8 | ' |
Non-US Plans [Member] | Canadian Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 38.3 | 31.7 | ' |
Non-US Plans [Member] | European Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 8.9 | 7.4 | ' |
Non-US Plans [Member] | Asia Pacific Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 1.7 | 1.3 | ' |
Non-US Plans [Member] | Emerging Markets Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 9.3 | 4.7 | ' |
Non-US Plans [Member] | Other Non Us Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 38.8 | 37.3 | ' |
Non-US Plans [Member] | Fixed-income securities [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 171.9 | 156.9 | ' |
Actual Allocation | 53.00% | 55.00% | ' |
Target Allocation | 55.00% | 56.00% | ' |
Non-US Plans [Member] | High Yield Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 12.3 | 10.2 | ' |
Non-US Plans [Member] | Emerging Markets Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 6.9 | 5.8 | ' |
Non-US Plans [Member] | Global Credit Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 37.5 | 34.3 | ' |
Non-US Plans [Member] | Canadian Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 24.8 | 20.3 | ' |
Non-US Plans [Member] | European Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 11 | 10.2 | ' |
Non-US Plans [Member] | Long-duration 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 79.4 | 76.1 | ' |
Non-US Plans [Member] | Other Types Of Investments [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 17.9 | 15.3 | ' |
Actual Allocation | 6.00% | 6.00% | ' |
Target Allocation | 6.00% | 5.00% | ' |
Non-US Plans [Member] | Convertible securities [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 12 | 10.1 | ' |
Non-US Plans [Member] | Commodity Derivatives [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 4.7 | 4 | ' |
Non-US Plans [Member] | Other Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 1.2 | 1.2 | ' |
UMWA Plans Postretirement Medical [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 284.4 | 268.7 | 268 |
Actual Allocation | 100.00% | 100.00% | ' |
Target Allocation | 100.00% | 100.00% | ' |
UMWA Plans Postretirement Medical [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 40.9 | 39.9 |
UMWA Plans Postretirement Medical [Member] | Us Large Cap Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 38.00% | 36.00% | ' |
Target Allocation | 37.00% | 37.00% | ' |
UMWA Plans Postretirement Medical [Member] | Us Large Cap Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 107 | 97.2 | ' |
UMWA Plans Postretirement Medical [Member] | Us Small Mid Cap Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 10.00% | 9.00% | ' |
Target Allocation | 9.00% | 9.00% | ' |
UMWA Plans Postretirement Medical [Member] | Us Small Mid Cap Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 27.9 | 23.7 | ' |
UMWA Plans Postretirement Medical [Member] | International Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 15.00% | 15.00% | ' |
Target Allocation | 14.00% | 14.00% | ' |
UMWA Plans Postretirement Medical [Member] | International Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 41.8 | 39.3 | ' |
UMWA Plans Postretirement Medical [Member] | Emerging Markets Equity Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 4.00% | 4.00% | ' |
Target Allocation | 4.00% | 4.00% | ' |
UMWA Plans Postretirement Medical [Member] | Emerging Markets Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 10.9 | 11.7 | ' |
UMWA Plans Postretirement Medical [Member] | High Yield Fixed Income Funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 8.00% | 9.00% | ' |
Target Allocation | 8.00% | 8.00% | ' |
UMWA Plans Postretirement Medical [Member] | High Yield Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 24.1 | 23.1 | ' |
UMWA Plans Postretirement Medical [Member] | Multi Asset Real Return [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 10.00% | 12.00% | ' |
Target Allocation | 13.00% | 13.00% | ' |
UMWA Plans Postretirement Medical [Member] | Multi Asset Real Return [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 29.3 | 32.8 | ' |
UMWA Plans Postretirement Medical [Member] | Hedge fund of funds [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 10.00% | 15.00% | ' |
Target Allocation | 10.00% | 15.00% | ' |
UMWA Plans Postretirement Medical [Member] | Hedge fund of funds [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 29.2 | 40.9 | ' |
UMWA Plans Postretirement Medical [Member] | Core Property [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Actual Allocation | 5.00% | ' | ' |
Target Allocation | 5.00% | ' | ' |
UMWA Plans Postretirement Medical [Member] | Core Property [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 14.2 | ' | ' |
Black Lung And Other Plans Postretirement [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | 0 |
Pension plan [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 1,133.80 | 1,039.30 | 915.9 |
Retirement benefits other than pension [Member] | ' | ' | ' |
Fair Value Of Retirement Plan Investments [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | $284.40 | $268.70 | $268 |
Retirement_Benefits_Changes_in
Retirement Benefits - Changes in Level 3 Investments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | US Plans [Member] | US Plans [Member] | US Plans [Member] | US Plans [Member] | US Plans [Member] | Non-US Plans [Member] | Non-US Plans [Member] | Non-US Plans [Member] | Non-US Plans [Member] | Non-US Plans [Member] | UMWA Plans Postretirement Medical [Member] | UMWA Plans Postretirement Medical [Member] | UMWA Plans Postretirement Medical [Member] | UMWA Plans Postretirement Medical [Member] | UMWA Plans Postretirement Medical [Member] | Black Lung And Other Plans Postretirement [Member] | Black Lung And Other Plans Postretirement [Member] | Black Lung And Other Plans Postretirement [Member] | Pension plan [Member] | Pension plan [Member] | Pension plan [Member] | Retirement benefits other than pension [Member] | Retirement benefits other than pension [Member] | Retirement benefits other than pension [Member] |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | |||||||||||||||||||
Changes in plan assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at beginning of year | $811.80 | $756.30 | $685.40 | $99.30 | $96.80 | $322 | $283 | $230.50 | $0.60 | $0.60 | $284.40 | $268.70 | $268 | $40.90 | $39.90 | $0 | $0 | $0 | $1,133.80 | $1,039.30 | $915.90 | $284.40 | $268.70 | $268 |
Return on assets - relating to assets still held at the reporting date | ' | ' | ' | 0.4 | 2.5 | ' | ' | ' | 0 | 0 | ' | ' | ' | 0 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Return on assets - relating to assets sold during the period | ' | ' | ' | 0 | ' | ' | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases, sales and settlements | ' | ' | ' | 39.6 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transfers in and/or out of Level 3 | ' | ' | ' | -99.3 | ' | ' | ' | ' | -0.6 | ' | ' | ' | ' | -40.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of plan assets at end of year | $811.80 | $756.30 | $685.40 | $40 | $99.30 | $322 | $283 | $230.50 | $0 | $0.60 | $284.40 | $268.70 | $268 | $0 | $40.90 | $0 | $0 | $0 | $1,133.80 | $1,039.30 | $915.90 | $284.40 | $268.70 | $268 |
Retirement_Benefits_Narrative_
Retirement Benefits - Narrative (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Benefit Plans [Abstract] | ' | ' | ' | ' |
Multiemployer Pension Expense | ' | $0.20 | $0.30 | $0 |
Matching defined contribution expense | ' | 5.5 | 7.1 | 20.8 |
Defined contribution plan employer matching contribution percent | 100.00% | ' | 100.00% | 125.00% |
Defined contribution plan maximum annual contribution per employee percent | 4.00% | ' | 1.00% | 5.00% |
US Plans [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
Accumulated benefit obligation | ' | 934.9 | 1,031.30 | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | 123.1 | -23.1 | ' |
Non-US Plans [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
Accumulated benefit obligation | ' | 345.3 | 345.1 | ' |
Estimated contributions | ' | 27.3 | ' | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | 11.7 | -32.4 | ' |
UMWA Plans Postretirement Medical [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | -56.7 | -6.3 | ' |
Retirement Benefit Plan Remeasurements [Abstract] | ' | ' | ' | ' |
Black lung health care cost trend rate | ' | 7.00% | 7.00% | ' |
Black lung health care cost ultimate rate | ' | 5.00% | 5.00% | ' |
Black Lung And Other Plans Postretirement [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | 0.8 | -2.2 | ' |
Retirement Benefit Plan Remeasurements [Abstract] | ' | ' | ' | ' |
Black lung health care cost trend rate | ' | 5.00% | ' | ' |
Pension plan [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
Net Gains Losses to be recognized in retirement cost next fiscal year | ' | 30.9 | ' | ' |
Net Prior Service Cost Credit to be recognized in retirement cost next fiscal year | ' | 0.8 | ' | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | 134.8 | -55.5 | ' |
Retirement benefits other than pension [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
Net Gains Losses to be recognized in retirement cost next fiscal year | ' | 15.2 | ' | ' |
Net Prior Service Cost Credit to be recognized in retirement cost next fiscal year | ' | 2.9 | ' | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | -55.9 | -8.5 | ' |
Primary U.S. retirement plan [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
Estimated contributions | ' | 25.9 | ' | ' |
Nonqualified U.S. pension plan [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
Estimated contributions | ' | 0.8 | ' | ' |
Us Definded Contribtution Expense [Member] | ' | ' | ' | ' |
Other Benefit Plans [Abstract] | ' | ' | ' | ' |
Matching defined contribution expense | ' | 2.6 | 4.6 | 16.9 |
Other Defined Contribution Plans Expense [Member] | ' | ' | ' | ' |
Other Benefit Plans [Abstract] | ' | ' | ' | ' |
Matching defined contribution expense | ' | 2.9 | 2.5 | 3.9 |
UMWA Excise Tax [Member] | ' | ' | ' | ' |
Amounts in AOCI to be recognized in retirement cost in next fiscal year [Abstract] | ' | ' | ' | ' |
UMWA obligation increase due to "Cadillac" plan excise tax | ' | $22.90 | $31 | ' |
Canada Plan [Member] | ' | ' | ' | ' |
Retirement Benefit Plan Remeasurements [Abstract] | ' | ' | ' | ' |
Black lung health care cost trend rate | ' | 7.00% | ' | ' |
Black lung health care cost ultimate rate | ' | 5.00% | ' | ' |
Brazil Plan [Member] | ' | ' | ' | ' |
Retirement Benefit Plan Remeasurements [Abstract] | ' | ' | ' | ' |
Black lung health care cost trend rate | ' | 3.00% | ' | ' |
Income_taxes_Income_and_Taxes_
Income taxes - Income and Taxes from Cont. Operations (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income (loss) from continuing operations before income taxes [Abstract] | ' | ' | ' |
U.S. | ($51.80) | ($19.60) | ($16) |
Foreign | 200 | 178.7 | 204.3 |
Income from continuing operations before tax | 148.2 | 159.1 | 188.3 |
Income tax expense (benefit) from continuing operations [Abstract] | ' | ' | ' |
U.S. federal - Current | 0.5 | -0.1 | 2.9 |
State - Current | 1.5 | -0.3 | -0.1 |
Foreign - Current | 84.6 | 70.9 | 91.9 |
Current tax expense | 86.6 | 70.5 | 94.7 |
U.S. federal - Deferred | -20.6 | -29.9 | -21.3 |
State - Deferred | -1.9 | -1.4 | -0.9 |
Foreign - Deferred | -12.1 | -12.1 | -8.5 |
Deferred income taxes | -34.6 | -43.4 | -30.7 |
Provision (benefit) for income taxes | 52 | 27.1 | 64 |
Comprehensive provision (benefit) for income taxes allocation [Abstract] | ' | ' | ' |
Provision Continuing Operations | 52 | 27.1 | 64 |
Discontinued operations | 4.7 | -1 | -3.9 |
Other comprehensive income (loss) | -141 | -9.3 | 74.4 |
Shareholders' equity | 2.8 | 2.7 | -1.1 |
Comprehensive provision (benefit) for income taxes | $200.50 | $38.10 | ($15.40) |
Income_Taxes_Rate_Reconciliati
Income Taxes - Rate Reconciliation (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Rate Reconciliation [Abstract] | ' | ' | ' | ' |
U.S. federal tax rate | ' | 35.00% | 35.00% | 35.00% |
Adjustments to valuation allowances | ' | 4.00% | 1.20% | -2.90% |
Foreign income taxes | ' | -6.50% | -2.20% | 0.30% |
Medicare subsidy for retirement plans | ' | -1.10% | -14.40% | 0.00% |
Tax settlement | ' | 0.00% | 0.00% | 0.00% |
French business tax | ' | 3.00% | 2.70% | 2.40% |
Nontaxable acquisition-related (gains) losses | ' | 0.00% | 0.00% | -0.40% |
Taxes on undistributed earnings of foreign affiliates | ' | -0.10% | -2.20% | 0.20% |
State income taxes | ' | -0.10% | -0.10% | -0.50% |
Nondeductible repatriation charge | ' | 0.00% | 0.00% | 0.00% |
Change in judgment about uncertain tax positions | ' | 0.00% | -4.70% | 0.00% |
Other | ' | 0.90% | 1.70% | -0.10% |
Actual Income Tax Rate On Continuing Operations | ' | 35.10% | 17.00% | 34.00% |
Tax benefit Related to a Change in Retiree Healthcare Funding Strategy | $20.90 | ' | ' | ' |
Income_Taxes_Deferred_Tax_Asse
Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
Deferred Tax Assets [Abstract] | ' | ' | ' | ' |
Retirement benefits other than pensions | $60.70 | $127.20 | ' | ' |
Pension liabilities | 70 | 136.4 | ' | ' |
Workers' compensation and other claims | 35.1 | 38.3 | ' | ' |
Other assets and liabilities | 138.6 | 115.3 | ' | ' |
Net operating loss carryforwards | 26.8 | 63.5 | ' | ' |
Alternative minimum and other tax credits | 44.7 | 37.9 | ' | ' |
Subtotal | 375.9 | 518.6 | ' | ' |
Valuation Allowance | -32.4 | -47.4 | -43.9 | -45.9 |
Net Deferred Tax Asset | 343.5 | 471.2 | ' | ' |
Deferred Tax Liabilities [Abstract] | ' | ' | ' | ' |
Property and equipment, net | 9.9 | 11.2 | ' | ' |
Other assets and miscellaneous | 31 | 37.4 | ' | ' |
Deferred tax liabilities | 40.9 | 48.6 | ' | ' |
Net deferred tax asset | 302.6 | 422.6 | ' | ' |
Deferred Tax Assets (Liabilities), Net [Abstract] | ' | ' | ' | ' |
Current assets | 72 | 59.4 | ' | ' |
Noncurrent assets | 251.7 | 385.3 | ' | ' |
Current liabilities, included in accrued liabilities | -3.1 | -3.4 | ' | ' |
Deferred Tax Liabilities, Noncurrent | -18 | -18.7 | ' | ' |
Net deferred tax asset | 302.6 | 422.6 | ' | ' |
Alternative minimum and other tax credits - unlimited carryforward period | 43.8 | ' | ' | ' |
Alternative minimum and other tax credits - various carryforward periods | $0.90 | ' | ' | ' |
Income_Taxes_Valuation_Allowan
Income Taxes - Valuation Allowances (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Valuation Allowances [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning of year | ' | ' | ' | $47.40 | ' | ' | ' | $43.90 | $47.40 | $43.90 | $45.90 |
Expiring tax credits | ' | ' | ' | ' | ' | ' | ' | ' | -1.8 | -0.8 | -0.3 |
Acquisitions and dispositions | ' | ' | ' | ' | ' | ' | ' | ' | -32.7 | -0.9 | 0.3 |
Changes in judgment about deferred tax assets | ' | ' | ' | ' | ' | ' | ' | ' | -0.2 | -1 | -8.2 |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts attributable to Brink's Income (loss) from Continuing operations | 26 | 29.8 | 13.2 | 2.9 | 34 | 21.1 | 33.6 | 22.5 | 71.9 | 111.2 | 100.3 |
Income (loss) from discontinued operations | 14.9 | -6 | -4.5 | -19.5 | -6.1 | -7.6 | -3.1 | -5.5 | -15.1 | -22.3 | -25.8 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 154.6 | 14 | -179.6 |
Foreign currency exchange effects | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 0.8 | -1.4 |
End of year | 32.4 | ' | ' | ' | 47.4 | ' | ' | ' | 32.4 | 47.4 | 43.9 |
Valuation Allowance of Deferred Tax Assets [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts attributable to Brink's Income (loss) from Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 6.2 | 3.4 | 7.6 |
Income (loss) from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 12.5 | 1.9 | 0 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0.10 | $0 |
Income_Taxes_Net_Operating_Los
Income Taxes - Net Operating Losses (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Net Operating Losses [Line Items] | ' | ' |
2014-2018 | $4.20 | ' |
2019-2023 | 5.5 | ' |
2024 and thereafter | 10.7 | ' |
Unlimited | 6.4 | ' |
Tax benefit of net operating loss carryforwards before valuation allowances | 26.8 | 63.5 |
Federal [Member] | ' | ' |
Net Operating Losses [Line Items] | ' | ' |
2014-2018 | 0 | ' |
2019-2023 | 0 | ' |
2024 and thereafter | 0 | ' |
Unlimited | 0 | ' |
Tax benefit of net operating loss carryforwards before valuation allowances | 0 | ' |
State [Member] | ' | ' |
Net Operating Losses [Line Items] | ' | ' |
2014-2018 | 0.3 | ' |
2019-2023 | 0.2 | ' |
2024 and thereafter | 10.3 | ' |
Unlimited | 0 | ' |
Tax benefit of net operating loss carryforwards before valuation allowances | 10.8 | ' |
Foreign [Member] | ' | ' |
Net Operating Losses [Line Items] | ' | ' |
2014-2018 | 3.9 | ' |
2019-2023 | 5.3 | ' |
2024 and thereafter | 0.4 | ' |
Unlimited | 6.4 | ' |
Tax benefit of net operating loss carryforwards before valuation allowances | $16 | ' |
Income_Taxes_Uncertain_Tax_Pos
Income Taxes - Uncertain Tax Positions (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Uncertain Tax Positions [Roll Forward] | ' | ' | ' |
Beginning of year | $11.80 | $17.20 | $19.40 |
Increases related to prior-year tax positions | 0.1 | 1.4 | 0.8 |
Decreases related to prior-year tax positions | 0 | -6.9 | -1.6 |
Increases related to current-year tax positions | 2.3 | 1.6 | 1.3 |
Settlements | -0.7 | -0.7 | 0 |
Effect of the expiration of statutes of limitation | -3.4 | -1.2 | -1.2 |
Increases (decreases) related to business combinations and dispositions | 0 | 0 | -0.7 |
Foreign exchange differences and reclassification | 0.7 | 0.4 | -0.8 |
End of year | $10.80 | $11.80 | $17.20 |
Income_Taxes_Narrative_Details
Income Taxes - Narrative (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Undistributed foreign earnings | ' | $259 | ' | ' |
Gross amount of the net operating loss carryforwards | ' | 214.5 | ' | ' |
Potential Benefits that Would Impact Effective Tax Rate from Continuing Operations | ' | 9.7 | ' | ' |
Interest and penalties included in income tax expense | ' | -1.1 | -2.1 | 1.2 |
Accrued penalties and interest | ' | 2.1 | 3.7 | ' |
Currently remaining unrecognized tax positions that may be recognized by the end of following year | $1.70 | ' | ' | ' |
Property_and_Equipment_Details
Property and Equipment (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | $1,856.70 | $1,820 | ' |
Accumulated depreciation and amortization | 1,098 | 1,026.20 | ' |
Property, Plant and Equipment, Net | 758.7 | 793.8 | ' |
Amortization | 17.9 | 15.4 | 13.2 |
Land Member | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 68 | 70.8 | ' |
Buildings [Member] | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 258 | 247.6 | ' |
Leasehold improvements Member | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 215.6 | 217.5 | ' |
Vehicles [Member] | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 438 | 433.6 | ' |
Capitalized software [Member] | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 184.6 | 168.2 | ' |
Other machinery and equipment [Member] | ' | ' | ' |
Property and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | $692.50 | $682.30 | ' |
Acquisitions_Details
Acquisitions (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Fair Value of Purchase Consideration [Abstract] | ' | ' | ' |
Net cash outflow | $18.10 | $17.20 | $3 |
Purchase Price Allocation [Abstract] | ' | ' | ' |
Goodwill | 240.2 | 243.8 | 231.4 |
Bargain purchase gain | 0 | 0 | 2.1 |
Brazilian Acquisition [Member] | ' | ' | ' |
Fair Value of Purchase Consideration [Abstract] | ' | ' | ' |
Cash paid for acquired entity | 25.9 | ' | ' |
Fair value of contingent consideration | 1.8 | ' | ' |
Fair value of purchase consideration | 27.7 | ' | ' |
Net cash outflow | 16 | ' | ' |
Purchase Price Allocation [Abstract] | ' | ' | ' |
Cash | 10 | ' | ' |
Accounts receivable | 7.8 | ' | ' |
Other current assets | 19.9 | ' | ' |
Property and equipment, net | 4 | ' | ' |
Indefinite-lived intangible asset | 11.8 | ' | ' |
Goodwill | 14 | ' | ' |
Current liabilities | -38.8 | ' | ' |
Noncurrent liabilities | -1 | ' | ' |
Fair value of net assets acquired | 27.7 | ' | ' |
Fair value of purchase consideration | $27.70 | ' | ' |
Acquisitions_Narratives_Detail
Acquisitions - Narratives (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
branches | branches | ||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquired entity number of branches | 20,000 | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' |
Sales Revenue, Net | $1,039.40 | $982.40 | $969.90 | $950.50 | $977.10 | $926.20 | $914.60 | $917.10 | $3,942.20 | $3,735 | $3,662.90 |
Intangible Asset Weighted-average Amortization Period | ' | ' | ' | ' | ' | ' | ' | ' | '10 years 10 months 25 days | ' | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets - Other Intagible Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $94.80 | $109.10 |
Accumulated Amortization - Intangibles | -48.5 | -53 |
Net Carrying Amount | 46.3 | 56.1 |
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract] | ' | ' |
2014 | 5.3 | ' |
2015 | 4.7 | ' |
2016 | 4.1 | ' |
2017 | 3.5 | ' |
2018 | 3 | ' |
Latin America [Member] | Customer Relationships [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 23.8 | 27.1 |
Accumulated Amortization - Intangibles | -12.6 | -11.6 |
Net Carrying Amount | 11.2 | 15.5 |
Latin America [Member] | Trade Names [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 1.7 | 1.4 |
Accumulated Amortization - Intangibles | -1.3 | -1.4 |
Net Carrying Amount | 0.4 | 0 |
Gross and Net Carrying Amount - Indefinite Lived | 11.5 | 11.7 |
Latin America [Member] | Trademarks [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 9.3 | ' |
Accumulated Amortization - Intangibles | -0.8 | ' |
Net Carrying Amount | 8.5 | ' |
Latin America [Member] | Other Intangible Assets [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 0.8 | 1 |
Accumulated Amortization - Intangibles | -0.8 | -1 |
Net Carrying Amount | 0 | 0 |
Europe, Middle East and Africa [Member] | Customer Relationships [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 28.7 | 31.9 |
Accumulated Amortization - Intangibles | -24.7 | -27.3 |
Net Carrying Amount | 4 | 4.6 |
Europe, Middle East and Africa [Member] | Trade Names [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | ' | 0.1 |
Accumulated Amortization - Intangibles | ' | -0.1 |
Gross and Net Carrying Amount - Indefinite Lived | 0.3 | 0.3 |
Europe, Middle East and Africa [Member] | Other Intangible Assets [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 1.2 | 1.4 |
Accumulated Amortization - Intangibles | -1.2 | -1.3 |
Net Carrying Amount | ' | 0.1 |
North America [Member] | Customer Relationships [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 3 | 12.9 |
Accumulated Amortization - Intangibles | -3 | -5.4 |
Net Carrying Amount | 0 | 7.5 |
North America [Member] | Trade Names [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 0 | 1.7 |
Accumulated Amortization - Intangibles | 0 | -0.1 |
Net Carrying Amount | 0 | 1.6 |
Asia Pacific [Member] | Customer Relationships [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 13.6 | 17.1 |
Accumulated Amortization - Intangibles | -3.2 | -3.3 |
Net Carrying Amount | 10.4 | 13.8 |
Asia Pacific [Member] | Trade Names [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | ' | 0.5 |
Accumulated Amortization - Intangibles | ' | -0.5 |
Gross and Net Carrying Amount - Indefinite Lived | ' | 1 |
Asia Pacific [Member] | Other Intangible Assets [Member] | ' | ' |
Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 0.9 | 1 |
Accumulated Amortization - Intangibles | ($0.90) | ($1) |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets - From Aqcuisitions (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Goodwill [Roll Forward] | ' | ' | ' |
Goodwill, Beginning Balance | $243.80 | $231.40 | ' |
Goodwill, Acquired During Period | 4 | 15.3 | ' |
Adjustments | ' | -2.1 | ' |
Currency | -7.6 | -0.8 | ' |
Goodwill, Ending Balance | 240.2 | 243.8 | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 56.1 | 63.8 | ' |
Acquisitions | 4.3 | 2.2 | ' |
Amortization | -7.8 | -9.1 | ' |
Adjustments | -0.9 | ' | ' |
Currency | -5.4 | -0.8 | ' |
Ending Balance | 46.3 | 56.1 | ' |
Customer Relationships [Member] | Discontinued Operations [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Amortization | 1.3 | 1.9 | ' |
Latin America [Member] | ' | ' | ' |
Goodwill [Roll Forward] | ' | ' | ' |
Goodwill, Beginning Balance | 43.6 | 46.7 | ' |
Goodwill, Acquired During Period | 14 | 0.2 | ' |
Currency | -7.6 | -3.3 | ' |
Goodwill, Ending Balance | 50 | 43.6 | 46.7 |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 11.7 | 10.8 | ' |
Amortization | 3.7 | 3.2 | 3.9 |
Currency | -0.2 | 0.9 | ' |
Ending Balance | 11.5 | 11.7 | 10.8 |
Latin America [Member] | Customer Relationships [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 15.5 | 18.5 | ' |
Acquisitions | ' | 1.3 | ' |
Amortization | -2.7 | -3 | ' |
Currency | -1.6 | -1.3 | ' |
Ending Balance | 11.2 | 15.5 | ' |
Latin America [Member] | Trade Names [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | ' | 0.1 | ' |
Acquisitions | 0.7 | ' | ' |
Amortization | -0.1 | ' | ' |
Currency | -0.2 | -0.1 | ' |
Ending Balance | 0.4 | ' | ' |
Latin America [Member] | Trademarks [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Acquisitions | 11.1 | ' | ' |
Amortization | -0.9 | ' | ' |
Currency | -1.7 | ' | ' |
Ending Balance | 8.5 | ' | ' |
Latin America [Member] | Other Intangible Assets [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | ' | 0.2 | ' |
Amortization | ' | -0.2 | ' |
Europe, Middle East and Africa [Member] | ' | ' | ' |
Goodwill [Roll Forward] | ' | ' | ' |
Goodwill, Beginning Balance | 142.1 | 126 | ' |
Goodwill, Acquired During Period | 1.8 | 15.1 | ' |
Adjustments | ' | -2.1 | ' |
Currency | 4.1 | 3.1 | ' |
Goodwill, Ending Balance | 148 | 142.1 | 126 |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 0.3 | 0.3 | ' |
Amortization | 1.6 | 2.6 | 2.9 |
Ending Balance | 0.3 | 0.3 | 0.3 |
Europe, Middle East and Africa [Member] | Customer Relationships [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 4.6 | 6.4 | ' |
Acquisitions | 0.8 | 1 | ' |
Amortization | -1.6 | -2.7 | ' |
Currency | 0.2 | -0.1 | ' |
Ending Balance | 4 | 4.6 | ' |
Europe, Middle East and Africa [Member] | Other Intangible Assets [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 0.1 | 0.4 | ' |
Acquisitions | ' | -0.1 | ' |
Amortization | -0.1 | -0.1 | ' |
Currency | ' | -0.1 | ' |
Ending Balance | ' | 0.1 | ' |
North America [Member] | ' | ' | ' |
Goodwill [Roll Forward] | ' | ' | ' |
Goodwill, Beginning Balance | 20.5 | 20.1 | ' |
Goodwill, Acquired During Period | -2.4 | ' | ' |
Currency | -0.9 | 0.4 | ' |
Goodwill, Ending Balance | 17.2 | 20.5 | 20.1 |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Amortization | 0.2 | 0.3 | 0.7 |
North America [Member] | Customer Relationships [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 7.5 | 8.9 | ' |
Acquisitions | -5.9 | ' | ' |
Amortization | -1.3 | -1.6 | ' |
Currency | -0.3 | 0.2 | ' |
Ending Balance | ' | 7.5 | ' |
North America [Member] | Trade Names [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 1.6 | 1.6 | ' |
Acquisitions | -1.4 | ' | ' |
Amortization | -0.1 | -0.1 | ' |
Currency | -0.1 | 0.1 | ' |
Ending Balance | ' | 1.6 | ' |
Asia Pacific [Member] | ' | ' | ' |
Goodwill [Roll Forward] | ' | ' | ' |
Goodwill, Beginning Balance | 37.6 | 38.6 | ' |
Goodwill, Acquired During Period | -9.4 | ' | ' |
Currency | -3.2 | -1 | ' |
Goodwill, Ending Balance | 25 | 37.6 | 38.6 |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 1 | 1 | ' |
Amortization | 1 | 1.1 | 1.2 |
Adjustments | -0.9 | ' | ' |
Currency | -0.1 | ' | ' |
Ending Balance | ' | 1 | 1 |
Asia Pacific [Member] | Customer Relationships [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | 13.8 | 15.3 | ' |
Acquisitions | -1 | ' | ' |
Amortization | -1 | -1.1 | ' |
Currency | -1.4 | -0.4 | ' |
Ending Balance | 10.4 | 13.8 | ' |
Asia Pacific [Member] | Trade Names [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | ' | 0.1 | ' |
Amortization | ' | -0.1 | ' |
Asia Pacific [Member] | Other Intangible Assets [Member] | ' | ' | ' |
Other Intangible Assets [Roll Forward] | ' | ' | ' |
Beginning Balance | ' | 0.2 | ' |
Amortization | ' | ($0.20) | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income - Amounts in OCI (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract] | ' | ' | ' |
Pretax benefit plan adjustment amounts arising during the current period | $251 | ($56.30) | ($253.20) |
Income tax related to benefit plan adjustment amounts arising during the current period | -113.8 | 17.3 | 89.4 |
Pretax benefit plan adjustment amounts reclassified to net income | 76.7 | 78.3 | 52 |
Income tax related to benefit plan adjustment amounts reclassified to net income | -27.2 | -27.2 | -17.6 |
Total benefit plan adjustments, net of tax | 186.7 | 12.1 | -129.4 |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | ' | ' | ' |
Pretax foreign currency adjustment amounts arising during the current period | -32.3 | 3.4 | -50.5 |
Income tax related to foreign currency adjustment amounts arising during the current period | 0 | -0.2 | 1.7 |
Pretax foreign currency adjustment amounts reclassified to net income | -0.5 | 0 | 0 |
Income tax of foreign currency adjustment amounts reclassified to net income | 0.1 | 0 | 0 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | -32.7 | 3.2 | -48.8 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract] | ' | ' | ' |
Pretax unrealized gains (losses) on available-for-sale securities amounts arising during the current period | -0.3 | 0.8 | 2.1 |
Income tax related to unrealized gains (losses) on available-for-sale securities amounts arising during the current period | 0.1 | -0.2 | 0 |
Pretax unrealized gains (losses) on available-for-sale securities amounts reclassified to net income | 0.4 | -2.9 | -4.4 |
Income tax related to unrealized gains (losses) on available-for-sale securities amounts reclassified to net income | -0.2 | 1 | 0.9 |
Total unrealized gains (losses) on available-for-sale securities, net of tax | 0 | -1.3 | -1.4 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract] | ' | ' | ' |
Pretax gains (losses) on cash flow hedge amounts arising during the current period | 2.9 | ' | ' |
Income tax related tocash flow hedge amounts arising during the current period | 0 | ' | ' |
Pretax cash flow hedge amounts reclassified to net income | -2.3 | ' | ' |
Income tax related to cash flow hedge amounts reclassified to net income | 0 | ' | ' |
Total gains (losses) on cash flow hedge, net of tax | 0.6 | ' | ' |
Total pretax other comprehensive income (loss) arising during the current period | 221.3 | -52.1 | -301.6 |
Total income tax related to other comprehensive income (loss) arising during the current period | -113.7 | 16.9 | 91.1 |
Total other comprehensive income (loss) reclassified to net income | 74.3 | 75.4 | 47.6 |
Total income tax related to other comprehensive income (loss) reclassified to net income | -27.3 | -26.2 | -16.7 |
Total other comprehensive income (loss) | 154.6 | 14 | -179.6 |
Parent [Member] | ' | ' | ' |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract] | ' | ' | ' |
Pretax benefit plan adjustment amounts arising during the current period | 251.9 | -53.4 | -253.2 |
Income tax related to benefit plan adjustment amounts arising during the current period | -114.1 | 17.3 | 89.4 |
Pretax benefit plan adjustment amounts reclassified to net income | 76.4 | 78.3 | 52 |
Income tax related to benefit plan adjustment amounts reclassified to net income | -27.1 | -27.2 | -17.6 |
Total benefit plan adjustments, net of tax | 187.1 | 15 | -129.4 |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | ' | ' | ' |
Pretax foreign currency adjustment amounts arising during the current period | -30.9 | 1 | -48.4 |
Income tax related to foreign currency adjustment amounts arising during the current period | 0 | -0.2 | 1.7 |
Pretax foreign currency adjustment amounts reclassified to net income | -0.5 | 0 | 0 |
Income tax of foreign currency adjustment amounts reclassified to net income | 0.1 | 0 | 0 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | -31.3 | 0.8 | -46.7 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract] | ' | ' | ' |
Pretax unrealized gains (losses) on available-for-sale securities amounts arising during the current period | -0.3 | 0.8 | 2 |
Income tax related to unrealized gains (losses) on available-for-sale securities amounts arising during the current period | 0.1 | -0.2 | 0 |
Pretax unrealized gains (losses) on available-for-sale securities amounts reclassified to net income | 0.4 | -2.9 | -4.4 |
Income tax related to unrealized gains (losses) on available-for-sale securities amounts reclassified to net income | -0.2 | 1 | 0.9 |
Total unrealized gains (losses) on available-for-sale securities, net of tax | 0 | -1.3 | -1.5 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract] | ' | ' | ' |
Pretax gains (losses) on cash flow hedge amounts arising during the current period | 2.9 | ' | ' |
Income tax related tocash flow hedge amounts arising during the current period | 0 | ' | ' |
Pretax cash flow hedge amounts reclassified to net income | -2.3 | ' | ' |
Income tax related to cash flow hedge amounts reclassified to net income | 0 | ' | ' |
Total gains (losses) on cash flow hedge, net of tax | 0.6 | ' | ' |
Total pretax other comprehensive income (loss) arising during the current period | 223.6 | -51.6 | -299.6 |
Total income tax related to other comprehensive income (loss) arising during the current period | -114 | 16.9 | 91.1 |
Total other comprehensive income (loss) reclassified to net income | 74 | 75.4 | 47.6 |
Total income tax related to other comprehensive income (loss) reclassified to net income | -27.2 | -26.2 | -16.7 |
Total other comprehensive income (loss) | 156.4 | 14.5 | -177.6 |
Noncontrolling Interest [Member] | ' | ' | ' |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract] | ' | ' | ' |
Pretax benefit plan adjustment amounts arising during the current period | -0.9 | -2.9 | 0 |
Income tax related to benefit plan adjustment amounts arising during the current period | 0.3 | 0 | 0 |
Pretax benefit plan adjustment amounts reclassified to net income | 0.3 | 0 | 0 |
Income tax related to benefit plan adjustment amounts reclassified to net income | -0.1 | 0 | 0 |
Total benefit plan adjustments, net of tax | -0.4 | -2.9 | 0 |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | ' | ' | ' |
Pretax foreign currency adjustment amounts arising during the current period | -1.4 | 2.4 | -2.1 |
Income tax related to foreign currency adjustment amounts arising during the current period | 0 | 0 | 0 |
Pretax foreign currency adjustment amounts reclassified to net income | 0 | 0 | 0 |
Income tax of foreign currency adjustment amounts reclassified to net income | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | -1.4 | 2.4 | -2.1 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract] | ' | ' | ' |
Pretax unrealized gains (losses) on available-for-sale securities amounts arising during the current period | 0 | 0 | 0.1 |
Income tax related to unrealized gains (losses) on available-for-sale securities amounts arising during the current period | 0 | 0 | 0 |
Pretax unrealized gains (losses) on available-for-sale securities amounts reclassified to net income | 0 | 0 | 0 |
Income tax related to unrealized gains (losses) on available-for-sale securities amounts reclassified to net income | 0 | 0 | 0 |
Total unrealized gains (losses) on available-for-sale securities, net of tax | 0 | 0 | 0.1 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract] | ' | ' | ' |
Pretax gains (losses) on cash flow hedge amounts arising during the current period | 0 | ' | ' |
Income tax related tocash flow hedge amounts arising during the current period | 0 | ' | ' |
Pretax cash flow hedge amounts reclassified to net income | 0 | ' | ' |
Income tax related to cash flow hedge amounts reclassified to net income | 0 | ' | ' |
Total gains (losses) on cash flow hedge, net of tax | 0 | ' | ' |
Total pretax other comprehensive income (loss) arising during the current period | -2.3 | -0.5 | -2 |
Total income tax related to other comprehensive income (loss) arising during the current period | 0.3 | 0 | 0 |
Total other comprehensive income (loss) reclassified to net income | 0.3 | 0 | 0 |
Total income tax related to other comprehensive income (loss) reclassified to net income | -0.1 | 0 | 0 |
Total other comprehensive income (loss) | ($1.80) | ($0.50) | ($2) |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income - Reclasses Out Of AOCI (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] | ' | ' | ' |
Cost of revenues | $3,197.10 | $3,024.30 | $2,966 |
Selling, general and administrative expenses | 564 | 546.7 | 512.4 |
Other operating income (expense) | 9.4 | -11 | -18 |
Nonoperating Income (Expense) | 1.6 | 7.2 | 8.9 |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' |
Beginning balance - AOCI | -773.4 | ' | ' |
Other comprehensive income (loss) attributable to Brink's | 154.6 | 14 | -179.6 |
Acquisitions of Noncontrolling Interests | 18.5 | -10.1 | ' |
Ending Balance - AOCI | -617.3 | -773.4 | ' |
Parent [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' |
Beginning balance - AOCI | -773.4 | -787.9 | -610.3 |
Other comprehensive income (loss) before reclassifications | 109.6 | -34.7 | -208.5 |
Amounts reclassified from accumulated other comprehensive loss | 46.8 | 49.2 | 30.9 |
Other comprehensive income (loss) attributable to Brink's | 156.4 | ' | ' |
Acquisitions of Noncontrolling Interests | -0.3 | ' | ' |
Ending Balance - AOCI | -617.3 | -773.4 | -787.9 |
Benefit plan adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] | ' | ' | ' |
Cost of revenues | 66.8 | 64.7 | 41.4 |
Selling, general and administrative expenses | 17.5 | 19.8 | 8.2 |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' |
Beginning balance - AOCI | -665.1 | -680.1 | -550.7 |
Other comprehensive income (loss) before reclassifications | 137.8 | -36.1 | -163.8 |
Amounts reclassified from accumulated other comprehensive loss | 49.3 | 51.1 | 34.4 |
Other comprehensive income (loss) attributable to Brink's | 187.1 | ' | ' |
Acquisitions of Noncontrolling Interests | 0 | ' | ' |
Ending Balance - AOCI | -478 | -665.1 | -680.1 |
Foreign Currency Translation Adjustments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' |
Beginning balance - AOCI | -109.9 | -110.7 | -64 |
Other comprehensive income (loss) before reclassifications | -30.9 | 0.8 | -46.7 |
Amounts reclassified from accumulated other comprehensive loss | -0.4 | 0 | 0 |
Other comprehensive income (loss) attributable to Brink's | -31.3 | ' | ' |
Acquisitions of Noncontrolling Interests | -0.3 | ' | ' |
Ending Balance - AOCI | -141.5 | -109.9 | -110.7 |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' |
Beginning balance - AOCI | 1.6 | 2.9 | 4.4 |
Other comprehensive income (loss) before reclassifications | -0.2 | 0.6 | 2 |
Amounts reclassified from accumulated other comprehensive loss | 0.2 | -1.9 | -3.5 |
Other comprehensive income (loss) attributable to Brink's | 0 | ' | ' |
Acquisitions of Noncontrolling Interests | 0 | ' | ' |
Ending Balance - AOCI | 1.6 | 1.6 | 2.9 |
Gains (Losses) on Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] | ' | ' | ' |
Other operating income (expense) | -3.3 | ' | ' |
Nonoperating Income (Expense) | 1 | ' | ' |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' |
Beginning balance - AOCI | 0 | 0 | 0 |
Other comprehensive income (loss) before reclassifications | 2.9 | 0 | 0 |
Amounts reclassified from accumulated other comprehensive loss | -2.3 | 0 | 0 |
Other comprehensive income (loss) attributable to Brink's | 0.6 | ' | ' |
Acquisitions of Noncontrolling Interests | 0 | ' | ' |
Ending Balance - AOCI | $0.60 | $0 | $0 |
Other_Assets_Details
Other Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | |||
Other Assets [Abstract] | ' | ' | ' |
Prepaid Pension Assets | $28.60 | $21.90 | ' |
Equity Method Investments in unconsolidated entities | 15.8 | 15.6 | 12.8 |
Available-for-sale Securities | 4.5 | 5.3 | ' |
Other | 49.5 | 36.6 | ' |
Other Assets | $98.40 | $79.40 | ' |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
DTA bonds [Abstract] | ' | ' |
Fair value of the outstanding cross-currency swap | $3.70 | ' |
DTA Bond [Member] | ' | ' |
DTA bonds [Abstract] | ' | ' |
Carrying value | 43.2 | 43.2 |
Fair value | 42.8 | 43.4 |
Unsecured Debt [Member] | ' | ' |
DTA bonds [Abstract] | ' | ' |
Carrying value | 100 | 100 |
Fair value | $105.80 | $110.50 |
Accrued_Liabilities_Details
Accrued Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Accrued Liabilities, Current [Abstract] | ' | ' |
Payroll and other employee liabilities | $172.80 | $168.90 |
Taxes, except income taxes | 110.5 | 109.8 |
Retirement benefits (see note 3) | 10.3 | 13.4 |
Workers' compensation and other claims | 24.3 | 24.4 |
Amounts held by cash logistics operations | 31.3 | 44 |
Income taxes payable | 14.5 | 16.1 |
Other | 143.8 | 139.9 |
Accrued liabilities | $507.50 | $516.50 |
Other_Liabilities_Details
Other Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other Liabilities Disclosure [Abstract] | ' | ' |
Workers' compensation and other claims | $42.10 | $44.20 |
Post-employment Benefits | 42 | 40.2 |
Asset Retirement and Remediation Obligations | 18.9 | 17.9 |
Employee Related Liabilities | 14 | 17.1 |
Noncurrent tax liability | 10.2 | 11.6 |
Other | 43.4 | 46.4 |
Other Liabilities | $170.60 | $177.40 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Buildings [Member] | Buildings [Member] | Vehicles [Member] | Vehicles [Member] | Machinery and Equipment [Member] | Machinery and Equipment [Member] | Capital Leases Member | Other Long-term Debt Member | Revolving Facility [Member] | Revolving Facility [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Private Placement [Member] | Other Non-US Dollar-denominated Facilities [Member] | Other Non-US Dollar-denominated Facilities [Member] | Dominion Terminal Associates Bonds [Member] | Dominion Terminal Associates Bonds [Member] | Captial Lease Interest Rate Information [Member] | Captial Lease Interest Rate Information [Member] | ||||
Private Placement Notes Seriesa [Member] | Private Placement Notes Series B [Member] | ||||||||||||||||||||||
Long-term Debt Types [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bank Credit Facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $120,600,000 | $107,200,000 | $100,000,000 | $100,000,000 | ' | ' | $14,900,000 | $20,900,000 | ' | ' | ' | ' |
Dominion Terminal Associates Bonds | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,200,000 | 43,200,000 | ' | ' |
Captial lease arrangments | 5,500,000 | 18,100,000 | 43,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 76,400,000 | 91,300,000 |
Total Long-Term Debt | 355,100,000 | 362,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Debt By Current And Noncurrent [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 24,600,000 | 27,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | 330,500,000 | 335,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Long-Term Debt | 355,100,000 | 362,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Rate And Other Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.60% | 1.50% | ' | ' | 4.60% | 5.20% | 5.70% | 7.70% | 6.00% | ' | 3.70% | 4.20% |
Debt Due Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Jan-21 | ' | ' | ' | ' | ' | 1-Jan-33 | ' | ' | ' |
Minimum Repayments of Long-term Debt [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2013 | 24,600 | ' | ' | ' | ' | ' | ' | ' | ' | 20,500 | 4,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2014 | 34,400 | ' | ' | ' | ' | ' | ' | ' | ' | 20,700 | 13,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2015 | 22,800 | ' | ' | ' | ' | ' | ' | ' | ' | 13,700 | 9,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2016 | 140,100 | ' | ' | ' | ' | ' | ' | ' | ' | 10,400 | 129,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2017 | 13,500 | ' | ' | ' | ' | ' | ' | ' | ' | 6,400 | 7,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Later years | 119,700 | ' | ' | ' | ' | ' | ' | ' | ' | 4,700 | 115,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowed Funds | 355,100 | ' | ' | ' | ' | ' | ' | ' | ' | 76,400 | 278,700 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Captial Leases [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Leased Assets Gross | 138,100 | 149,600 | ' | 2,600 | 4,900 | 103,700 | 108,200 | 31,800 | 36,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Amortization | 57,600 | 47,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total | $80,500 | $102,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Long-term Debt Types [Abstract] | ' | ' | ' |
Annual Facility Fee | 0.23% | ' | ' |
Debt Required Payments Start Date | 1-Jan-15 | ' | ' |
Proceeds from Issuance of Debt | $0 | $0 | $100 |
Bonds Face Amount | 43 | ' | ' |
Undrawn Letters of Credit | 137 | ' | ' |
October 2014 Multi-currency Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Oct-14 | ' | ' |
Credit Facility Availble Borrowing Credit | 30 | ' | ' |
Revolving Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Unsecured notes outstanding | 120.6 | 107.2 | ' |
Amended Revolving Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Issuance or Start Date | 6-Jan-12 | ' | ' |
Credit Facility Borrowing Capacity | 480 | ' | ' |
Debt Due Date | 1-Jan-17 | ' | ' |
Credit Facility Availble Borrowing Credit | 359 | ' | ' |
Amended Revolving Facility [Member] | Libor [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 1.40% | ' | ' |
Amended Revolving Facility [Member] | Minimum [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Annual Facility Fee | 0.10% | ' | ' |
Amended Revolving Facility [Member] | Minimum [Member] | Libor [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 0.90% | ' | ' |
Amended Revolving Facility [Member] | Minimum [Member] | Alternate Base Rate [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 0.00% | ' | ' |
Amended Revolving Facility [Member] | Maximum [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Annual Facility Fee | 0.30% | ' | ' |
Amended Revolving Facility [Member] | Maximum [Member] | Libor [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 1.58% | ' | ' |
Amended Revolving Facility [Member] | Maximum [Member] | Alternate Base Rate [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 0.58% | ' | ' |
Private Placement Notes [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Jan-21 | ' | ' |
Proceeds from Issuance of Debt | 100 | ' | ' |
Private Placement Notes [Member] | Private Placement Notes Seriesa [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Unsecured notes outstanding | 50 | ' | ' |
Private Placement Notes [Member] | Private Placement Notes Series B [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Unsecured notes outstanding | 50 | ' | ' |
Unsecured Multi-currency Debt Facilities [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Credit Facility Borrowing Capacity | 73 | ' | ' |
Credit Facility Availble Borrowing Credit | 46 | ' | ' |
Undrawn Letters of Credit | 21 | ' | ' |
Unsecured Multi-currency Debt Facilities [Member] | December 2012 Multi-currency Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Dec-15 | ' | ' |
Credit Facility Availble Borrowing Credit | 23 | ' | ' |
Unsecured Multi-currency Debt Facilities [Member] | May 2014 Multi-currency Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-May-14 | ' | ' |
Credit Facility Availble Borrowing Credit | 20 | ' | ' |
Unsecured Multi-currency Debt Facilities [Member] | Minimum [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 0.90% | ' | ' |
Unsecured Multi-currency Debt Facilities [Member] | Maximum [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 2.13% | ' | ' |
Unsecured Letter of Credit Facilities [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Credit Facility Borrowing Capacity | 179 | ' | ' |
Credit Facility Availble Borrowing Credit | 70 | ' | ' |
Undrawn Letters of Credit | 109 | ' | ' |
Unsecured Letter of Credit Facilities [Member] | Fifty Four Million Unsecured Letter of Credit Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Dec-16 | ' | ' |
Credit Facility Availble Borrowing Credit | 54 | ' | ' |
Unsecured Letter of Credit Facilities [Member] | Eighty Five Million Unsecured Letter of Credit Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Jun-15 | ' | ' |
Credit Facility Availble Borrowing Credit | 85 | ' | ' |
Unsecured Letter of Credit Facilities [Member] | Twenty Four Million Unsecured Letter of Credit Facility [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Dec-15 | ' | ' |
Credit Facility Availble Borrowing Credit | 40 | ' | ' |
Unsecured Bilateral Commited Credit Facilities [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Credit Facility Borrowing Capacity | 24 | ' | ' |
Debt Due Date | 1-Apr-14 | ' | ' |
Credit Facility Availble Borrowing Credit | 14 | ' | ' |
Unsecured Bilateral Commited Credit Facilities [Member] | Minimum [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 1.20% | ' | ' |
Unsecured Bilateral Commited Credit Facilities [Member] | Maximum [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Margin on Base Rate | 1.58% | ' | ' |
Dominion Terminal Associates Bonds [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Debt Due Date | 1-Jan-33 | ' | ' |
Other Credit Facilities [Member] | ' | ' | ' |
Long-term Debt Types [Abstract] | ' | ' | ' |
Undrawn Letters of Credit | $7.10 | ' | ' |
Accounts_Receivable_Details
Accounts Receivable (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounts Receivable, Net, Current [Abstract] | ' | ' | ' |
Trade | $595.20 | $590.70 | ' |
Other | 35.2 | 30.8 | ' |
Total accounts receivable | 630.4 | 621.5 | ' |
Less-Allowance for doubtful accounts | -8.2 | -9.2 | -8.9 |
Accounts receivable, net | 622.2 | 612.3 | ' |
Allowance for doubtful accounts [RollForward] | ' | ' | ' |
Beginning of year | 9.2 | 8.9 | 7.2 |
Write offs less recoveries | -3.9 | -1 | -1.4 |
Foreign Currency Exchange Rate Translation | -1.3 | -1.4 | -0.9 |
End of year | 8.2 | 9.2 | 8.9 |
Continuing Operations [Member] | ' | ' | ' |
Allowance for doubtful accounts [RollForward] | ' | ' | ' |
Provision for uncollectible accounts receivable | 4.1 | 1.7 | 3 |
Allowance For Doubtful Accounts Discontinued Operations [Member] | ' | ' | ' |
Allowance for doubtful accounts [RollForward] | ' | ' | ' |
Provision for uncollectible accounts receivable | $0.10 | $1 | $1 |
Operating_Leases_Details
Operating Leases (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Leased Assets [Line Items] | ' | ' | ' |
2013 | $81.50 | ' | ' |
2014 | 65.3 | ' | ' |
2015 | 48.7 | ' | ' |
2016 | 22 | ' | ' |
2017 | 15.9 | ' | ' |
Later years | 43 | ' | ' |
Future Minimum Payments Due | 276.4 | ' | ' |
Guarantees | ' | ' | ' |
Operating leases residual value guarantee | 9.9 | ' | ' |
Operating Leases, Rent Expense, Net [Abstract] | ' | ' | ' |
Operating Leases, Rent Expense, Net | 106.8 | 97.1 | 101.2 |
Buildings [Member] | ' | ' | ' |
Operating Leased Assets [Line Items] | ' | ' | ' |
2013 | 55 | ' | ' |
2014 | 42.3 | ' | ' |
2015 | 29.8 | ' | ' |
2016 | 21.4 | ' | ' |
2017 | 15.7 | ' | ' |
Later years | 43 | ' | ' |
Future Minimum Payments Due | 207.2 | ' | ' |
Vehicles [Member] | ' | ' | ' |
Operating Leased Assets [Line Items] | ' | ' | ' |
2013 | 13.4 | ' | ' |
2014 | 8.2 | ' | ' |
2015 | 3.3 | ' | ' |
2016 | 0.5 | ' | ' |
2017 | 0.2 | ' | ' |
Later years | 0 | ' | ' |
Future Minimum Payments Due | 25.6 | ' | ' |
Other machinery and equipment [Member] | ' | ' | ' |
Operating Leased Assets [Line Items] | ' | ' | ' |
2013 | 13.1 | ' | ' |
2014 | 14.8 | ' | ' |
2015 | 15.6 | ' | ' |
2016 | 0.1 | ' | ' |
2017 | 0 | ' | ' |
Later years | 0 | ' | ' |
Future Minimum Payments Due | $43.60 | ' | ' |
Recovered_Sheet1
Share-Based Compensation Plans (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Weighted-average exercise price per share | $0 | $22.55 | $31.47 |
Performance Shares PSU [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of shares underlying options | 210,000 | ' | ' |
Weighted-average exercise price per share | $27.59 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected dividend yield - weighted average | 39.00% | ' | ' |
Risk-free interest rate - weighted average | 0.30% | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Aggregate Weighted Average Grant Date Fair Value | $5.50 | ' | ' |
Weighted-average fair value estimates at grant date | $26.22 | ' | ' |
Nonvested share activity [Rollforward] | ' | ' | ' |
Beginning balance - shares | 0 | ' | ' |
Stock units granted - shares | 210,400 | ' | ' |
Cancelled awards - shares | -11,100 | ' | ' |
Ending balance - shares | 199,300 | ' | ' |
Performance Shares PSU [Member] | Weighted Average [Memeber] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected term in years | '2 years 8 months 12 days | ' | ' |
Market Share Units MSU [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of shares underlying options | 96,000 | ' | ' |
Weighted-average exercise price per share | $27.59 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected dividend yield - weighted average | 39.00% | ' | ' |
Risk-free interest rate - weighted average | 0.30% | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Aggregate Weighted Average Grant Date Fair Value | 2.5 | ' | ' |
Weighted-average fair value estimates at grant date | $26.42 | ' | ' |
Nonvested share activity [Rollforward] | ' | ' | ' |
Beginning balance - shares | 0 | ' | ' |
Stock units granted - shares | 96,200 | ' | ' |
Cancelled awards - shares | 0 | ' | ' |
Ending balance - shares | 96,200 | ' | ' |
Market Share Units MSU [Member] | Weighted Average [Memeber] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected term in years | '2 years 8 months 12 days | ' | ' |
Restricted Stock Units RSU [Member] | ' | ' | ' |
Nonvested share activity [Rollforward] | ' | ' | ' |
Beginning balance - shares | 407,900 | 299,600 | 299,500 |
Stock units granted - shares | 206,600 | 321,000 | 143,700 |
Cancelled awards - shares | -66,900 | -21,300 | -16,500 |
Vested - shares | -151,200 | -191,400 | -127,100 |
Ending balance - shares | 396,400 | 407,900 | 299,600 |
Deferred Stock Units DSU [Member] | ' | ' | ' |
Nonvested share activity [Rollforward] | ' | ' | ' |
Beginning balance - shares | 23,000 | 15,800 | 29,100 |
Stock units granted - shares | 19,200 | 23,000 | 15,800 |
Cancelled awards - shares | 0 | 0 | 0 |
Vested - shares | -23,000 | -15,800 | -29,100 |
Ending balance - shares | 19,200 | 23,000 | 15,800 |
PSU MSU Total [Member] | ' | ' | ' |
Nonvested share activity [Rollforward] | ' | ' | ' |
Beginning balance - shares | 0 | ' | ' |
Stock units granted - shares | 306,600 | ' | ' |
Cancelled awards - shares | -11,100 | ' | ' |
Ending balance - shares | 295,500 | ' | ' |
Weighted-average grant-date fair value [Rollforward] | ' | ' | ' |
Beginning Balance - grant-date fair value | $0 | ' | ' |
Stock units granted - grant-date fair value | $26.28 | ' | ' |
Cancelled awards - grant-date fair value | $26.22 | ' | ' |
Ending Balance - grant-date fair value | $26.28 | ' | ' |
RSU DSU Total [Member] | ' | ' | ' |
Nonvested share activity [Rollforward] | ' | ' | ' |
Beginning balance - shares | 430,900 | 315,400 | 328,600 |
Stock units granted - shares | 225,800 | 344,000 | 159,500 |
Cancelled awards - shares | -66,900 | -21,300 | -16,500 |
Vested - shares | -174,200 | -207,200 | -156,200 |
Ending balance - shares | 415,600 | 430,900 | 315,400 |
Weighted-average grant-date fair value [Rollforward] | ' | ' | ' |
Beginning Balance - grant-date fair value | $23.19 | $25.99 | $22.84 |
Stock units granted - grant-date fair value | $26.22 | $22.21 | $30.43 |
Cancelled awards - grant-date fair value | $24.16 | $24.53 | $23.65 |
Vested - grant-date fair value | $23.19 | $25.68 | $24.13 |
Ending Balance - grant-date fair value | $24.68 | $23.19 | $25.99 |
Employee Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of shares underlying options | ' | 396,000 | 290,000 |
Weighted-average exercise price per share | ' | $22.55 | $31.47 |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected dividend yield - weighted average | ' | 1.80% | 1.30% |
Expected volatility - weighted average | ' | 40.00% | 36.00% |
Expected volatility range - minimum | ' | 39.00% | 36.00% |
Expected volatility range - maximum | ' | 40.00% | 37.00% |
Risk-free interest rate - weighted average | ' | 0.60% | 1.20% |
Risk-free interest rate range - minimum | ' | 0.40% | 0.50% |
Risk-free interest rate range - maximum | ' | 0.90% | 1.90% |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Aggregate Weighted Average Grant Date Fair Value | ' | $2.50 | $2.40 |
Weighted-average fair value estimates at grant date | ' | $6.32 | $8.17 |
Employee Stock Options [Member] | Weighted Average [Memeber] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected term in years | ' | '4 years 3 months 0 days | '3 years 9 months 11 days |
Employee Stock Options [Member] | Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected term in years | ' | '3 years 3 months 0 days | '1 year 10 months 15 days |
Employee Stock Options [Member] | Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Expected term in years | ' | '5 years 3 months 0 days | '5 years 3 months 0 days |
ShareBased_Compensation_Plans_1
Share-Based Compensation Plans - Compensation (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Employees Deferred Compensation Plan [Member] | Employees Deferred Compensation Plan [Member] | Non-employee Directors Deferred Compensation Plan [Member] | Non-employee Directors Deferred Compensation Plan [Member] | Performance Shares PSU [Member] | Market Share Units MSU [Member] | Restricted Stock Units RSU [Member] | ||
Other Share-Based Compensation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to previously granted nonvested shares | ' | ' | ' | ' | ' | $3.80 | $0.80 | $4.40 |
Unrecognized compensation cost related to previously granted nonvested shares period for recognition | ' | ' | ' | ' | ' | '1 year 9 months 18 days | '0 years 0 months 12 days | '1 year 8 months 6 days |
Unrecognized compensation cost related to previously granted stock options | $0.30 | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to previously granted stock options period for recognition | '1 year 1 month 6 days | ' | ' | ' | ' | ' | ' | ' |
Common Stock Units for Deferred Compensation | ' | 222,227 | 421,846 | 72,541 | 64,670 | ' | ' | ' |
ShareBased_Compensation_Plans_2
Share-Based Compensation Plans - Options Activity (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based compensation plans [Abstract] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 3,500,000 | ' | ' |
Share-based Compensation Plans Optoins Outstanding [Roll Forward] | ' | ' | ' |
Beginning Balances - shares | 2,612,000 | 2,967,000 | 3,355,000 |
Options granted - shares | 0 | 396,000 | 290,000 |
Options Exercised - shares | -302,000 | -71,000 | -562,000 |
Options Forfeited or Expired - shares | -835,000 | -680,000 | -116,000 |
Ending Balance - shares | 1,475,000 | 2,612,000 | 2,967,000 |
Share-based Compensation Plans Optoins Outstanding Exercise Price [Abstract] | ' | ' | ' |
Beginning Balances - Exercise Price | $30.23 | $30.92 | $29.10 |
Options granted - Exercise Price | $0 | $22.55 | $31.47 |
Options Exercised - Exercise Price | $22.30 | $19.04 | $20.66 |
Options Forfeited or Expired - Exercise Price | $34.25 | $29.92 | $29.47 |
Ending Balance - Exercise Price | $29.58 | $30.23 | $30.92 |
Outstanding Options - Remaining Term Years | ' | '2 years 5 months 12 days | ' |
Outstanding Options - Average Intrinsic Value | $7.20 | ' | ' |
Exercisable Options - Shares | 1,154,000 | 2,000,000 | 2,400,000 |
Exercisable Options - Exercise Price | $30.92 | $32.15 | $32.03 |
Exercisable Options - Remaining Term Years | ' | '1 year 7 months 20 days | ' |
Exercisable Options - Average Intrinsic Value | 4.2 | ' | ' |
Options Expected to Vest in Future Periods - Shares | 314,000 | ' | ' |
Options Expected to Vest in Future Periods - Exercise Price | $24.81 | ' | ' |
Options Expected to Vest in Future Periods - Remaining Term Years | ' | '4 years 11 months 2 days | ' |
Options Expected to Vest in Future Periods - Average Intrinsic Value | 2.9 | ' | ' |
Market Price per Share | $34.14 | ' | ' |
Total intrinsic value of options exercised | 2 | 0.6 | 5.6 |
Intrinsic value of options exercised per share | $6.74 | $8.07 | $9.99 |
Total fair value of options vested | $1.80 | $1.80 | $3.20 |
Capital_Stock_Details
Capital Stock (Details) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' |
Shares of common stock authorized | 100,000,000 | 100,000,000 |
Shares issued and outstanding | 48,400,000 | 47,800,000 |
Shares of Common Stock for Pension Plan Contribution | ' | 361,446 |
Value of Shares of Common Stock for Defined Benefit Plan Contribution | ' | $9 |
Date of shares issued for stock contribution | ' | 6-Mar-12 |
Discount due to lack of marketability | ' | 2.40% |
Closing share price | ' | $25.51 |
Regular Quarterly Dividend Date Declared | 16-Jan-14 | ' |
Regular Quarterly Dividend Payable - Amount per Share | $0.10 | ' |
Regular Quarterly Dividend Date Payable | 3-Mar-14 | ' |
Amount of Shares of Preferred Stock Authorized to be Issued | 2,000,000 | ' |
Common Stock, Value of Shelf Registration | ' | $150 |
Common Stock Shares Available under Shelf Registration | ' | 141,500,000 |
Par Value of Preferred Stock Authorized to be Issued | $10 | ' |
Capital_Stock_Shares_Used_To_C
Capital Stock - Shares Used To Calculate Earnings (Details) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' | ' |
Basic | 48.7 | 48.4 | 47.8 |
Effect of dilutive stock awards | 0.3 | 0.2 | 0.3 |
Diluted | 49 | 48.6 | 48.1 |
Antidilutive stock options and awards excluded from denominator | 1.3 | 2.4 | 2.3 |
Deferred compensation common stock unit | 0.6 | 0.9 | 1.1 |
Loss_from_Discontinued_Operati2
Loss from Discontinued Operations (Details) (USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2009 |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Loss from operations before tax | ($26) | ($22.50) | ($21.80) | ' |
Settlement loss related to Belgium bankruptcy | 0 | 0 | -10.1 | ' |
Loss on sale | 16.3 | -0.3 | 0 | ' |
Adjustments to contingencies of former operations | ' | ' | 4.2 | ' |
Income (loss) from discontinued operations before income taxes | -10.4 | -23.3 | -29.7 | ' |
Provision (credit) for income taxes | 4.7 | -1 | -3.9 | ' |
Loss from discontinued operations, net of tax | -15.1 | -22.3 | -25.8 | ' |
Revenues - disposal group | 142.4 | 211.5 | 222.6 | ' |
Interest expense included in discontinued operations | 0.4 | 0.7 | 0.9 | ' |
Europe, Middle East and Africa [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Revenues - disposal group | 77.6 | 136.9 | 153.9 | ' |
North America [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Revenues - disposal group | 41.2 | 52.1 | 50.8 | ' |
Asia Pacific [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Revenues - disposal group | 23.6 | 22.5 | 17.9 | ' |
Gain from FBLET refunds [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Adjustments to contingencies of former operations | 0 | 0 | 4.2 | 19.7 |
Proceeds from FBLET Refund | ' | ' | ' | 23.9 |
Workers' compensation [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Adjustments to contingencies of former operations | -1.7 | -0.2 | -1.4 | ' |
Other Contingencies [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Adjustments to contingencies of former operations | 1 | -0.3 | -0.6 | ' |
German CIT Operations [Member] | ' | ' | ' | ' |
Discontinued operations [Line Items] | ' | ' | ' | ' |
Revenues - disposal group | 56.4 | 57.7 | 62.4 | ' |
Losses from operations before tax | -24.3 | -10 | -11.1 | ' |
Termination benefits | $16.20 | ' | ' | ' |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow [Line Items] | ' | ' | ' |
Interest | $23.70 | $22.70 | $22.30 |
Income taxes | 92.7 | 89.3 | 79.8 |
Captial lease arrangments | 5.5 | 18.1 | 43 |
Proceeds from Sale-leaseback Transations | ' | ' | 17.6 |
Shares of Common Stock for Pension Plan Contribution | ' | 361,446 | ' |
Value of Shares of Common Stock for Defined Benefit Plan Contribution | ' | $9 | ' |
Other_Operating_Income_Expense2
Other Operating Income (Expense) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Income and Expenses [Abstract] | ' | ' | ' | ' |
Share of earnings of unconsolidated equity affiliates | ' | $6.70 | $6 | $4.80 |
Royalty income | ' | 1.9 | 2.1 | 1.7 |
Gains (losses) on sale of property and other assets | 7.2 | 2.4 | 7.6 | 1.2 |
Impairment losses | ' | -2.9 | -2.4 | -2.4 |
Gains (Losses) on Business Acquisitions and Dispositions | ' | 2.8 | 0.8 | 9.2 |
Currency exchange transaction losses | ' | -20.2 | -4.2 | -3.7 |
Foreign currency hedge gains | ' | -0.4 | 0.2 | 2.2 |
Other | ' | 0.3 | 0.9 | 5 |
Other Operating Income (Expense), Net | ' | ($9.40) | $11 | $18 |
Interest_and_Other_Nonoperatin2
Interest and Other Nonoperating Income (Expense) (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' | ' |
Interest income | $2.70 | $4.80 | $5.70 |
Gain on sale of available-for-sale securities | 0.4 | 2.9 | 4.4 |
Foreign Currency Hedge Losses | -1 | ' | ' |
Other | -0.5 | -0.5 | -1.2 |
Interest and other income | $1.60 | $7.20 | $8.90 |
Other_Commitments_and_Continge1
Other Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Operating leases residual value guarantee | $9.90 | ' | ' |
Lawsuit filing date | '2008-07-19 | ' | ' |
Amount To Pay To Plaintiff | 0.4 | ' | ' |
Modified Amount To Pay To Plaintiff | 7.4 | ' | ' |
Company Best Estimate Of Exposure | 3.1 | ' | ' |
Maximum loss amount | 10 | ' | ' |
Settlement loss related to Belgium bankruptcy | 0 | 0 | -10.1 |
Noncancellable commitments in equipment purchases | $20.70 | ' | ' |
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data (unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Data [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $1,039.40 | $982.40 | $969.90 | $950.50 | $977.10 | $926.20 | $914.60 | $917.10 | $3,942.20 | $3,735 | $3,662.90 |
Segment operating profit | 84.2 | 79.9 | 54.4 | 34.3 | 71.7 | 67 | 52.1 | 73.1 | ' | ' | ' |
Operating profit | 62.4 | 59.2 | 32.8 | 17.3 | 50.4 | 45 | 30.8 | 48.8 | 171.7 | 175 | 202.5 |
Amounts Attributable To Brink's Income (Loss) From [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Continuing operations | 26 | 29.8 | 13.2 | 2.9 | 34 | 21.1 | 33.6 | 22.5 | 71.9 | 111.2 | 100.3 |
Discontinued operations | 14.9 | -6 | -4.5 | -19.5 | -6.1 | -7.6 | -3.1 | -5.5 | -15.1 | -22.3 | -25.8 |
Net income attributable to Brink's | 40.9 | 23.8 | 8.7 | -16.6 | 27.9 | 13.5 | 30.5 | 17 | 56.8 | 88.9 | 74.5 |
Depreciation and amortization | 47 | 42.3 | 42.2 | 42.1 | 40.4 | 38.4 | 38.2 | 38.7 | 173.6 | 155.7 | 148.1 |
Capital expenditures | 55.5 | 44 | 44.8 | 33.4 | 65.9 | 44.1 | 35.9 | 32 | 177.7 | 177.9 | 183.7 |
Diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Continuing operations | $0.53 | $0.61 | $0.27 | $0.06 | $0.70 | $0.43 | $0.69 | $0.47 | $1.47 | $2.29 | $2.09 |
Discontinued operations | $0.30 | ($0.12) | ($0.09) | ($0.40) | ($0.13) | ($0.16) | ($0.06) | ($0.11) | ($0.31) | ($0.46) | ($0.54) |
Net income (loss) | $0.83 | $0.49 | $0.18 | ($0.34) | $0.57 | $0.28 | $0.63 | $0.35 | $1.16 | $1.83 | $1.55 |
Basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Continuing operations | $0.53 | $0.61 | $0.27 | $0.06 | $0.70 | $0.44 | $0.69 | $0.47 | $1.48 | $2.30 | $2.10 |
Discontinued operations | $0.31 | ($0.12) | ($0.09) | ($0.40) | ($0.13) | ($0.16) | ($0.06) | ($0.11) | ($0.31) | ($0.46) | ($0.54) |
Net income (loss) | $0.84 | $0.49 | $0.18 | ($0.34) | $0.58 | $0.28 | $0.63 | $0.35 | $1.17 | $1.84 | $1.56 |
Settlement Charge | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -10.1 |
Pretax Gain on Sale of Business | ' | ' | ' | ' | ' | ' | ' | ' | 2.8 | 0.8 | 9.2 |
Tax benefit Related to a Change in Retiree Healthcare Funding Strategy | ' | ' | 20.9 | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on Sale of Real Estate | ' | 7.2 | ' | ' | ' | ' | ' | ' | 2.4 | 7.6 | 1.2 |
Loss Related to Theft In Belgium | ' | ' | ' | $18.70 | ' | ' | ' | ' | ' | ' | ' |