The Brink's Company (BCO) 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-09148
Entity Registrant Name	BRINK’S CO
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1317776
Entity Address, Address Line One	1801 Bayberry Court
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23226
City Area Code	804
Local Phone Number	289-9600
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	BCO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Smaller Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,426,305
Document Fiscal Year Focus	2023
Amendment Flag	false
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000078890
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 890.1	$ 972
Restricted cash	433.5	438.5
Accounts receivable, net	851	862.2
Prepaid expenses and other	342.7	324.7
Total current assets	2,517.3	2,597.4
Right-of-use assets, net	336.7	314.5
Property and equipment, net	990.2	935.3
Goodwill	1,467.7	1,450.9
Other intangibles	516.2	535.5
Deferred tax assets, net	242.3	246.2
Other	341	286.2
Total assets	6,411.4	6,366
Current liabilities:
Short-term borrowings	127.5	47.2
Current maturities of long-term debt	89.9	82.4
Accounts payable	231.5	296.5
Accrued liabilities	949.4	1,019.4
Restricted cash held for customers	221.2	229.3
Total current liabilities	1,619.5	1,674.8
Long-term debt	3,251.2	3,273.2
Accrued pension costs	134.1	131
Retirement benefits other than pensions	173.1	174.5
Lease liabilities	269	249.9
Deferred tax liabilities	61.2	67.8
Other	239.1	224.6
Total liabilities	5,747.2	5,795.8
Commitments and contingent liabilities (notes 4, 8 and 14)
The Brink's Company ("Brink's") shareholders:
Shares issued and outstanding: 2023 - 46.4; 2022 - 46.3	46.4	46.3
Capital in excess of par value	694.9	684.1
Retained earnings	431.4	417.2
Accumulated other comprehensive income (loss)	(631.4)	(700.5)
Brink’s shareholders	541.3	447.1
Noncontrolling interests	122.9	123.1
Total equity	664.2	570.2
Total liabilities and equity	$ 6,411.4	$ 6,366

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Par value (in dollars per share)	$ 1	$ 1
Shares authorized (in shares)	100,000,000	100,000,000
Shares issued (in shares)	46,400,000	46,300,000
Shares outstanding (in shares)	46,400,000	46,300,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues		$ 1,216.2	$ 1,133.9	$ 2,401.6	$ 2,207.9
Costs and expenses:
Cost of revenues		943.8	867.5	1,864.1	1,707.2
Selling, general and administrative expenses		170.6	167.5	347.6	339.1
Total costs and expenses		1,114.4	1,035	2,211.7	2,046.3
Other operating income (expense)		3.8	(2.4)	(4.5)	(2.7)
Operating profit		105.6	96.5	185.4	158.9
Interest expense		(51.1)	(32.4)	(97.7)	(60.3)
Interest and other nonoperating income (expense)		4.1	3.4	8.8	2.1
Income from continuing operations before tax		58.6	67.5	96.5	100.7
Provision (benefit) for income taxes		23.4	29.3	43.7	(11.8)
Income from continuing operations		35.2	38.2	52.8	112.5
Income (loss) from discontinued operations, net of tax		(0.1)	(0.1)	0.6	(0.2)
Net income		35.1	38.1	53.4	112.3
Less net income attributable to noncontrolling interests		3	3	6.3	5.9
Net income attributable to Brink’s		32.1	35.1	47.1	106.4
Amounts attributable to Brink’s
Continuing operations		32.2	35.2	46.5	106.6
Discontinued operations		(0.1)	(0.1)	0.6	(0.2)
Net income attributable to Brink’s		$ 32.1	$ 35.1	$ 47.1	$ 106.4
Basic:
Continuing operations (dollars per share)	[1]	$ 0.69	$ 0.74	$ 0.99	$ 2.24
Discontinued operations (dollar per share)	[1]	0	0	0.01	0
Net income (dollars per share)	[1]	0.69	0.74	1.01	2.23
Diluted:
Continuing operations (dollars per share)	[1]	0.68	0.73	0.98	2.22
Discontinued operations (dollar per share)	[1]	0	0	0.01	0
Net income (dollars per share)	[1]	$ 0.68	$ 0.73	$ 0.99	$ 2.21
Weighted-average shares
Basic (shares)		46.7	47.4	46.7	47.6
Diluted (shares)		47.3	47.8	47.4	48
Cash dividends paid per common share (dollars per share)		$ 0.22	$ 0.20	$ 0.42	$ 0.40
[1]Amounts may not add due to rounding.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 35.1	$ 38.1	$ 53.4	$ 112.3
Benefit plan adjustments:
Benefit plan actuarial gains	0	12.7	3.1	23.2
Benefit plan prior service costs	(2.7)	(1.2)	(5.7)	(2.5)
Deferred profit sharing	0.3	0	0.3	0
Total benefit plan adjustments	(2.4)	11.5	(2.3)	20.7
Foreign currency translation adjustments	15.7	(62.6)	59.1	(30.5)
Unrealized net gains (losses) on available-for-sale securities	2.3	(0.3)	0.4	(0.7)
Gains on cash flow hedges	15.7	11.8	7	25.2
Other comprehensive income before tax	31.3	(39.6)	64.2	14.7
Provision (benefit) for income taxes	1	0	(2.1)	4.9
Other comprehensive income (loss)	30.3	(39.6)	66.3	9.8
Comprehensive income (loss)	65.4	(1.5)	119.7	122.1
Less comprehensive income (loss) attributable to noncontrolling interests	0	(2)	3.5	(0.6)
Comprehensive income attributable to Brink's	$ 65.4	$ 0.5	$ 116.2	$ 122.7

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning balance at Dec. 31, 2021	$ 252.6	$ 47.4	$ 670.6	$ 312.9	$ (907.9)	$ 129.6
Beginning balance, Shares at Dec. 31, 2021		47.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	74.2			71.3		2.9
Other comprehensive income (loss)	49.4				50.9	(1.5)
Dividends to:
Brink’s common shareholders	(9.5)			(9.5)
Noncontrolling interests	(1.2)					(1.2)
Stock options and awards
Compensation expense	7.1		7.1
Other share-based benefit transactions	(2.8)	$ 0.2	(3)
Other share-based benefit transactions, shares		0.2
Ending balance at Mar. 31, 2022	369.8	$ 47.6	674.7	374.7	(857)	129.8
Ending balance, Shares at Mar. 31, 2022		47.6
Beginning balance at Dec. 31, 2021	252.6	$ 47.4	670.6	312.9	(907.9)	129.6
Beginning balance, Shares at Dec. 31, 2021		47.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	112.3
Other comprehensive income (loss)	9.8				16.3
Ending balance at Jun. 30, 2022	366.7	$ 47.2	676.1	408.8	(891.6)	126.2
Ending balance, Shares at Jun. 30, 2022		47.2
Beginning balance at Mar. 31, 2022	369.8	$ 47.6	674.7	374.7	(857)	129.8
Beginning balance, Shares at Mar. 31, 2022		47.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	38.1			35.1		3
Other comprehensive income (loss)	(39.6)				(34.6)	(5)
Shares repurchased	0	$ (0.5)	(8)	8.5
Stock Repurchased During Period, Shares		(0.5)
Dividends to:
Brink’s common shareholders	(9.4)			(9.4)
Noncontrolling interests	(1.6)					(1.6)
Stock options and awards
Compensation expense	14.9		14.9
Other share-based benefit transactions	(5.5)	$ 0.1	(5.5)	(0.1)
Other share-based benefit transactions, shares		0.1
Ending balance at Jun. 30, 2022	366.7	$ 47.2	676.1	408.8	(891.6)	126.2
Ending balance, Shares at Jun. 30, 2022		47.2
Beginning balance at Dec. 31, 2022	570.2	$ 46.3	684.1	417.2	(700.5)	123.1
Beginning balance, Shares at Dec. 31, 2022		46.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18.3			15		3.3
Other comprehensive income (loss)	36				35.8	0.2
Shares repurchased	(16)	$ (0.2)	(3.8)	(12)
Stock Repurchased During Period, Shares		(0.2)
Dividends to:
Brink’s common shareholders	(9.3)			(9.3)
Noncontrolling interests	(0.4)					(0.4)
Stock options and awards
Compensation expense	10.9		10.9
Other share-based benefit transactions	(4.7)	$ 0.3	(4.8)	(0.2)
Other share-based benefit transactions, shares		0.3
Ending balance at Mar. 31, 2023	605	$ 46.4	686.4	410.7	(664.7)	126.2
Ending balance, Shares at Mar. 31, 2023		46.4
Beginning balance at Dec. 31, 2022	570.2	$ 46.3	684.1	417.2	(700.5)	123.1
Beginning balance, Shares at Dec. 31, 2022		46.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	53.4
Other comprehensive income (loss)	66.3				69.1
Ending balance at Jun. 30, 2023	664.2	$ 46.4	694.9	431.4	(631.4)	122.9
Ending balance, Shares at Jun. 30, 2023		46.4
Beginning balance at Mar. 31, 2023	605	$ 46.4	686.4	410.7	(664.7)	126.2
Beginning balance, Shares at Mar. 31, 2023		46.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	35.1			32.1		3
Other comprehensive income (loss)	30.3				33.3	(3)
Shares repurchased	(1.5)	$ (0.1)	(0.3)	(1.1)
Stock Repurchased During Period, Shares		(0.1)
Dividends to:
Brink’s common shareholders	(10.2)			(10.2)
Noncontrolling interests	(2.4)					(2.4)
Stock options and awards
Compensation expense	8.3		8.3
Other share-based benefit transactions	0.2	$ 0.1	0.2	(0.1)
Other share-based benefit transactions, shares		0.1
Acquisitions of noncontrolling interests	(0.6)		0.3			(0.9)
Ending balance at Jun. 30, 2023	$ 664.2	$ 46.4	$ 694.9	$ 431.4	$ (631.4)	$ 122.9
Ending balance, Shares at Jun. 30, 2023		46.4

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ 53.4	$ 112.3
Adjustments to reconcile net income to net cash provided by operating activities:
Discontinued operations	(0.6)	0.2
Depreciation and amortization	137.2	121.3
Share-based compensation expense	19.2	22
Deferred income taxes	7.1	(55.9)
Loss on sale of property, equipment and marketable securities	1.6	0.6
Impairment losses	5.2	3
Retirement benefit funding (more) less than expense:
Pension	(4.5)	(4)
Other than pension	(3.2)	1
Remeasurement losses due to Argentina currency devaluations	18.2	13.4
Other operating	7.8	26.7
Changes in operating assets and liabilities, net of effects of acquisitions:
(Increase) decrease in accounts receivable and income taxes receivable	5.8	(178.8)
Increase (decrease) in accounts payable, income taxes payable and accrued liabilities	(89)	50
Increase (decrease) in restricted cash held for customers	(16.2)	3.5
Increase (decrease) in customer obligations	(32.4)	5.3
Increase in prepaid and other current assets	(3.3)	(61.9)
Other	(1)	(17.6)
Net cash provided by operating activities	105.3	41.1
Cash flows from investing activities:
Capital expenditures	(89.4)	(83.4)
Acquisitions, net of cash acquired	0	(14)
Dispositions, net of cash disposed	1.1	0
Purchases	(44.5)	(0.5)
Sales	0.9	1.1
Cash proceeds from sale of property and equipment	1	2
Net change in loans held for investment	(14.2)	(7.7)
Other	(0.4)	0
Discontinued operations	0.9	0
Net cash used in investing activities	(144.6)	(102.5)
Cash flows from financing activities:
Short-term borrowings	76.2	4.5
Long-term revolving credit facilities: Borrowings	4,256.4	3,039
Long-term revolving credit facilities: Repayments	(4,299)	(3,039.3)
Other long-term debt: Borrowings	14.3	212.7
Other long-term debt: Repayments	(47.5)	(42)
Acquisition of noncontrolling interest	(0.6)	0
Cash paid for acquisition related settlements and obligations	(9.7)	(2.5)
Debt financing costs	0	(5.5)
Repurchase shares of Brink's common stock	(17.5)	0
Dividends to:
Shareholders of Brink’s	(19.5)	(18.9)
Noncontrolling interests in subsidiaries	(2.8)	(2.8)
Tax withholdings associated with share-based compensation	(6.9)	(10.2)
Other	2.3	1.5
Net cash (used in) provided by financing activities	(54.3)	136.5
Effect of exchange rate changes on cash	6.7	(59.9)
Cash, cash equivalents and restricted cash:
Increase (decrease)	(86.9)	15.2
Balance at beginning of period	1,410.5	1,086.7
Balance at end of period	$ 1,323.6	$ 1,101.9

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends (dollars per share)	$ 0.22	$ 0.20	$ 0.20	$ 0.20

Basis of presentation

Basis of presentation	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The Brink’s Company (along with its subsidiaries, “Brink’s”, the “Company”, “we”, “us” or “our”) has four operating segments: • North America • Latin America • Europe • Rest of World Our unaudited interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and applicable quarterly reporting regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, the unaudited condensed consolidated financial statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2022. Use of Estimates In accordance with 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 condensed consolidated financial statements. Actual results could differ materially from these estimates. The most significant estimates are related to goodwill, intangibles and other long-lived assets, pension and other retirement benefit assets and obligations, legal contingencies, allowance for doubtful accounts, deferred tax assets and purchase price allocations. In the first quarter of 2022, we further refined our global methodology of estimating the allowance for doubtful accounts. Our updated method not only reviews historical loss rates and identifies high risk customer accounts but now also includes an estimated allowance for accounts receivable significantly past due in order to adjust for at-risk receivables not captured in our previous method. As part of the analysis under the updated estimation methodology, we recorded an additional allowance of $16.7 million in the first quarter of 2022. In the second quarter of 2022, the additional allowance was reduced by $0.4 million as a result of collections. Due to the fact that management had excluded this amount when evaluating internal performance, we excluded it from segment results. There was no additional impact in the first six months of 2023. Consolidation The condensed consolidated financial statements include our controlled subsidiaries. Control is determined based on ownership rights or, when applicable, based on whether we are considered to be the primary beneficiary of a variable interest entity. See "Venezuela" section below for further information. For controlled subsidiaries that are not wholly-owned, the noncontrolling interests are included in net income and in total equity. Investments in businesses that we do not control, but for which we have the ability to exercise significant influence over operating and financial policies, are accounted for under the equity method and our proportionate share of income or loss is recorded in other operating income (expense). Investments in businesses for which we do not have the ability to exercise significant influence over operating and financial policies are accounted for at fair value, if readily determinable, with changes in fair value recognized in net income. For equity investments that do not have a readily determinable fair value, we measure these investments at cost minus impairment, if any, plus or minus changes from observable price changes. All intercompany accounts and transactions have been eliminated in consolidation. Foreign Currency Translation Our condensed consolidated financial statements are reported in U.S. dollars. Our foreign subsidiaries maintain their records primarily in the currency of the country in which they operate. The method of translating local currency financial information into U.S. dollars depends on whether the economy in which our foreign subsidiary operates has been designated as highly inflationary or not. Economies with a three-year cumulative inflation rate of more than 100% are considered highly inflationary. Assets and liabilities of foreign subsidiaries in non-highly inflationary economies are translated into U.S. dollars using rates of exchange at the balance sheet date. Translation adjustments are recorded in other comprehensive income (loss). Revenues and expenses are translated at rates of exchange in effect during the year. Transaction gains and losses are recorded in net income. Foreign subsidiaries that operate in highly inflationary countries use the U.S. dollar as their functional currency. Local currency monetary assets and liabilities are remeasured into U.S. dollars using rates of exchange as of each balance sheet date, with remeasurement adjustments and other transaction gains and losses recognized in earnings. Other than nonmonetary equity securities, nonmonetary assets and liabilities do not fluctuate with changes in local currency exchange rates to the dollar. For nonmonetary equity securities traded in highly inflationary economies, the fair market value of the equity securities are remeasured at the current exchange rates to determine gain or loss to be recorded in net income. Revenues and expenses are translated at rates of exchange in effect during the year. Argentina We operate in Argentina through wholly owned subsidiaries and a smaller controlled subsidiary (together "Brink's Argentina"). Revenues from Brink's Argentina represented approximately 4% of our consolidated revenues for the first six months of 2023 and 5% of our consolidated revenues for the first six months of 2022. The operating environment in Argentina continues to present business challenges, including ongoing devaluation of the Argentine peso and significant inflation. In the first six months of 2023 and 2022, the Argentine peso declined approximately 30% (from 178.6 to 256.4 pesos to the U.S. dollar) and approximately 18% (from 103.1 to 125.0 pesos to the U.S. dollar), respectively. For the year ended December 31, 2022, the Argentine peso declined approximately 42% (from 103.1 to 178.6 pesos to the U.S. dollar). Beginning July 1, 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, we consolidated Brink's Argentina using our accounting policy for subsidiaries operating in highly inflationary economies beginning with the third quarter of 2018. Argentine peso-denominated monetary assets and liabilities are remeasured at each balance sheet date using the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In the first six months of 2023, we recognized a $18.2 million pretax remeasurement loss. In the first six months of 2022, we recognized a $13.4 million pretax remeasurement loss. At June 30, 2023, Argentina's economy remains highly inflationary for accounting purposes. At June 30, 2023, we had net monetary assets denominated in Argentine pesos of $29.5 million (including cash of $24.7 million). At June 30, 2023, we had net nonmonetary assets of $210.7 million (including $99.8 million of goodwill, $1.9 million in equity securities denominated in Argentine pesos and $71.6 million in debt securities denominated in Argentine pesos). At December 31, 2022, we had net monetary assets denominated in Argentine pesos of $66.2 million (including cash of $57.7 million) and net nonmonetary assets of $168.2 million (including $99.8 million of goodwill, $1.9 million in equity securities denominated in Argentine pesos and $27.4 million in debt securities denominated in Argentine pesos). During September 2019, the Argentine government announced currency controls on both companies and individuals. The Argentine central bank issued details as to how the exchange control procedures would operate in practice. Under these procedures, central bank approval is required for many transactions, including dividend repatriation abroad. We have previously elected to use other market mechanisms to convert Argentine pesos into U.S. dollars. Conversions under these other market mechanisms generally settle at rates that are less favorable than the rates at which we remeasure the financial statements of Brink’s Argentina. We did not have any such conversions or related conversion losses in the six months ended June 30, 2023 or June 30, 2022. Although the Argentine government has implemented currency controls, Brink’s management continues to provide guidance and strategic oversight, including budgeting and forecasting for Brink’s Argentina. We continue to control our Argentina business for purposes of consolidation of our financial statements and continue to monitor the situation in Argentina. Venezuela Our Venezuelan operations offer transportation and route-based logistics management services for cash and valuables throughout Venezuela. Currency exchange regulations, combined with other government regulations, such as price controls and strict labor laws, significantly limit our ability to make and execute operational decisions at our Venezuelan subsidiaries. As a result of these conditions, we do not meet the accounting criteria for control over our Venezuelan operations and, as a result, we report the results of our investment in our Venezuelan subsidiaries using the cost method of accounting, the basis of which approximates zero. Prior to the imposition of the U.S. government sanctions in 2019, we provided immaterial amounts of financial support to our Venezuela operations. We continue to monitor the situation in Venezuela, including the imposition of sanctions by the U.S. government targeting Venezuela. Goodwill Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. We review goodwill for impairment annually, as of October 1, and whenever events or circumstances in interim periods indicate that it is more likely than not that an impairment may have occurred. Impairment indicators were reviewed as of June 30, 2023 and we concluded that there were no indicators that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We will continue to monitor results in future periods to determine whether any indicators of impairment exist that would cause us to perform an impairment review. Restricted Cash In France and Malaysia, we offer services to certain of our customers where we manage some or all of their cash supply chains. In connection with these offerings, we take temporary title to certain customers' cash, which is included as restricted cash in our financial statements due to customer agreement or regulation. In addition, in accordance with a revolving credit facility, as of June 30, 2023, we are required to maintain a restricted cash reserve of $45.7 million ($40.7 million at December 31, 2022) and, due to this contractual restriction, we have classified these amounts as restricted cash in our condensed consolidated balance sheet.

Revenue from contracts with cus

Revenue from contracts with customers	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from contracts with customers	Revenue from Contracts with Customers Performance Obligations We provide various services to meet the needs of our customers and we group these service offerings into two broad categories: Cash and Valuables Management; and Digital Retail Solutions ("DRS") and ATM Managed Services ("AMS"). Cash and Valuables Management Cash and valuables management services are provided to customers throughout the world. Cash-in-transit services include the secure transportation of cash, securities and other valuables between businesses, financial institutions and central banks. Basic ATM management services include cash replenishment, treasury management and first and second line maintenance. Our global services business provides secure transport of high-value commodities including diamonds, jewelry, precious metals, securities, banknotes, currency, high-tech devices, electronics and pharmaceuticals. Additional global services include pick-up, packaging, customs clearance, secure vault storage and inventory management. We also offer a variety of cash management services including money processing (e.g., counting, sorting, wrapping, checking condition of bills, etc.), check imaging and other cash management services (e.g., cashier balancing, counterfeit detection, account consolidation and electronic reporting). Our vaulting services combine cash-in-transit services, cash management services, vaulting and electronic reporting technologies to help banks expand into new markets while minimizing investment in vaults and branch facilities. In addition to providing secure storage, we process deposits, provide check imaging and reconciliation services, perform currency inventory management, process ATM replenishment orders and electronically transmit banking transactions. Digital Retail Solutions and ATM Managed Services DRS and AMS are technology enabled services provided to customers throughout the world. DRS includes services that leverage Brink’s tech-enabled sales and software platforms to simplify cash acceptance, enables merchants to access their cash without visiting a bank and provide customers with enhanced analytics and visibility. DRS includes our patented Brink’s Complete TM and CompuSafe® services. AMS provides comprehensive services beyond basic ATM services including cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, and installation services. These services allow financial institutions, retailers and independent ATM owners to outsource day-to-day operation of ATMs. For certain customers, we take ownership of ATM devices as part of our managed services offering. For performance obligations related to the services described above, we generally satisfy our obligations as each action to provide the service to the customer occurs. Because the customers simultaneously receive and consume the benefits from our services, these performance obligations are deemed to be satisfied over time. We use an output method, units of service provided, to recognize revenue because that is the best method to represent the transfer of our services to the customer at the agreed upon rate for each action. Although not as significant as our service offerings, we also sell goods to customers from time to time, such as safe devices. In those transactions, we satisfy our performance obligation at a point in time. We recognize revenue when the goods are delivered to the customer as that is the point in time that best represents when control has transferred to the customer. Our contracts with customers describe the services we can provide along with the fees for each action to provide the service. We typically send invoices to customers for all of the services we have provided within a monthly period and payments are generally due within 30 to 60 days of the invoice date. Although our customer contracts specify the fees for each action to provide service, the majority of the services stated in our contracts do not have a defined quantity over the contract term. Accordingly, the transaction price is considered variable as there is an unknown volume of services that will be rendered over the course of the contract. We recognize revenue for these services in the period in which they are provided to the customer based on the contractual rate at which we have the right to invoice the customer for each action. Some of our contracts with customers contain clauses that define the level of service that the customer will receive. The service level agreements (“SLA”) within those contracts contain specific calculations to determine whether the appropriate level of service has been met within a specific period, which is typically a month. We estimate SLA penalties and recognize the amounts as a reduction to revenue. Taxes collected from customers and remitted to governmental authorities are not included in revenues in the condensed consolidated statements of operations. Revenue Disaggregated by Reportable Segment and Type of Service (In millions) Cash and Valuables Management DRS and AMS Total Three months ended June 30, 2023 Reportable Segments: North America $ 303.0 94.4 397.4 Latin America 289.0 44.9 333.9 Europe 186.7 99.2 285.9 Rest of World 184.9 14.1 199.0 Total reportable segments $ 963.6 252.6 1,216.2 Three months ended June 30, 2022 Reportable Segments: North America $ 302.0 99.6 401.6 Latin America 276.3 30.0 306.3 Europe 185.5 41.2 226.7 Rest of World 189.0 10.3 199.3 Total reportable segments $ 952.8 181.1 1,133.9 Six months ended June 30, 2023 Reportable Segments: North America $ 611.0 188.3 799.3 Latin America 563.3 86.1 649.4 Europe 366.8 187.8 554.6 Rest of World 371.4 26.9 398.3 Total reportable segments $ 1,912.5 489.1 2,401.6 Six months ended June 30, 2022 Reportable Segments: North America $ 587.0 183.4 770.4 Latin America 540.5 57.1 597.6 Europe 371.1 77.7 448.8 Rest of World 370.6 20.5 391.1 Total reportable segments $ 1,869.2 338.7 2,207.9 Certain of our high-value services involve the leasing of assets, such as safes, to our customers along with the regular servicing of those safe devices. Revenues related to the leasing of these assets are recognized in accordance with applicable lease guidance, but are included in the above table as the amounts are a small percentage of overall revenues. Contract Balances Contract Assets Although payment terms and conditions can vary, for the majority of our customer contracts, we invoice for all of the services provided to the customer within a monthly period. For certain customer contracts, the timing of our performance may precede our right to invoice the customer for the total transaction price. For example, Brink's affiliates in certain countries, primarily in Latin America, negotiate annual price adjustments with certain customers and, once the price increases are finalized, the pricing changes are made retroactive to services provided in earlier periods. These retroactive pricing adjustments are estimated and recognized as revenue with a corresponding contract asset in the same period in which the related services are performed. As the estimate of the ultimate transaction price changes, we recognize a cumulative catch-up adjustment for the change in estimate. In our Rest of World segment, certain Brink's affiliates provide services to specific customers and, per contract, a portion of the consideration is retained by the customers until the contract is completed. The retention amounts are reported as contract assets until we have the right to bill the customer for these amounts. Contract assets expected to be collected within one year ($6.7 million at June 30, 2023) are included in prepaid expenses and other on the condensed consolidated balance sheet. Amounts not expected to be billed and collected within one year ($8.7 million at June 30, 2023) are reported in other assets on the condensed consolidated balance sheet. Contract Liabilities For other customer contracts, we may obtain the right to payment or receive customer payments prior to performing the related services under the contract. When the right to customer payments or receipt of payments precedes our performance, we recognize a contract liability, which is included in accrued liabilities on the condensed consolidated balance sheet. The opening and closing balances of receivables, contract assets and contract liabilities related to contracts with customers are as follows: (In millions) Receivables Contract Assets Contract Liabilities Opening (January 1, 2023) $ 862.2 12.6 17.0 Closing (June 30, 2023) 851.0 15.4 15.0 Increase (decrease) $ (11.2) 2.8 (2.0) The amount of revenue recognized in the six months ended June 30, 2023 that was included in the January 1, 2023 contract liabilities balance was $10.2 million. This revenue consists of services provided to customers who had prepaid for those services prior to the current year. Revenue recognized in the six months ended June 30, 2023 from performance obligations satisfied in the prior year was not significant. This revenue is a result of changes in the transaction price of our contracts with customers. Contract Costs Sales commissions directly related to obtaining new contracts with customers are capitalized when incurred and are then amortized to expense ratably over the term of the contracts. At June 30, 2023, the net capitalized costs to obtain contracts was included in other assets on the condensed consolidated balance sheet. The capitalized amounts at June 30, 2023 and December 31, 2022 were $3.9 million and $3.7 million, respectively. The amortization expense in the first six months of 2023 and 2022 was $1.0 million and $0.6 million, respectively. Practical Expedients For the majority of our contracts with customers, we invoice a fixed amount for each unit of service we have provided. These contracts provide us with the right to invoice for an amount or rate that corresponds to the value we have delivered to our customers. The volume of services that will be provided to customers over the term is not known at inception of these contracts. Therefore, while the rate per unit of service is known, the transaction price itself is variable. For this reason, we recognize revenue from these contracts equal to the amount for which we have the contractual right to invoice the customers. Because we are not required to estimate variable consideration related to the transaction price in order to recognize revenue, we are also not required to estimate the variable consideration to provide certain disclosures. As a result, we have elected to use the optional exemption related to the disclosure of transaction prices, amounts allocated to remaining performance obligations and the future periods in which revenue will be recognized, sometimes referred to as backlog. We have also elected to use the practical expedient for financing components related to our contract liabilities. We do not recognize interest expense on contracts for which the period between our receipt of customer payments and our service to the customer is one year or less.

Segment information

Segment information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment information	Segment information We identify our operating segments based on how our chief operating decision maker (“CODM”) allocates resources, assesses performance and makes decisions. Our CODM is our President and Chief Executive Officer. Our CODM evaluates performance and allocates resources to each operating segment based on a profit or loss measure which, at the reportable segment level, excludes the following: • Corporate expenses - include corporate headquarters costs, regional management costs, currency transaction gains and losses, adjustments to reconcile segment accounting policies to GAAP, and costs related to global initiatives. • Other items not allocated to segments - certain significant items such as reorganization and restructuring actions that are evaluated on an individual basis by management and are not considered part of the ongoing activities of the business are excluded from segment results. We also exclude certain costs, gains and losses related to acquisitions and dispositions of assets and of businesses. Brink's Argentina is consolidated using our accounting policy for subsidiaries operating in highly inflationary economies. We have excluded from our segment results the impact of highly inflationary accounting in Argentina, including currency remeasurement losses. Net charges related to a change in the methodology for estimating the allowance for doubtful accounts have been excluded from segment results. Finally, we have also excluded from our segment results estimated charges related to an antitrust legal matter in our Brink's Chile operations. We manage our business in the following four segments: • North America – operations in the U.S. and Canada, including the Brink’s Global Services ("BGS") line of business, • Latin America – operations in Latin American countries where we have an ownership interest, including the BGS line of business, • Europe – total operations in European countries that primarily provide services outside of the BGS line of business, and • Rest of World – operations in the Middle East, Africa and Asia. This segment also includes total operations in European countries that primarily provide BGS services and BGS activity in Latin American countries where we do not have an ownership interest. The following table summarizes our revenues and segment profit for each of our reportable segments and reconciles these amounts to consolidated revenues and operating profit: Revenues Operating Profit Three Months Ended June 30, Three Months Ended June 30, (In millions) 2023 2022 2023 2022 Reportable Segments: North America $ 397.4 401.6 37.5 34.1 Latin America 333.9 306.3 65.9 64.7 Europe 285.9 226.7 29.3 22.4 Rest of World 199.0 199.3 41.3 39.5 Total reportable segments 1,216.2 1,133.9 174.0 160.7 Reconciling Items: Corporate expenses: General, administrative and other expenses — — (47.3) (39.9) Foreign currency transaction gains — — 4.8 3.4 Reconciliation of segment policies to GAAP (a) — — 0.3 (0.2) Other items not allocated to segments: Reorganization and Restructuring (b) — — — (2.7) Acquisitions and dispositions (c) — — (15.0) (15.4) Argentina highly inflationary impact (d) — — (11.0) (9.0) Change in allowance estimate (e) — — — 0.4 Chile antitrust matter (f) — — (0.2) (0.8) Total $ 1,216.2 1,133.9 $ 105.6 96.5 Revenues Operating Profit Six Months Ended June 30, Six Months Ended June 30, (In millions) 2023 2022 2023 2022 Reportable Segments: North America $ 799.3 770.4 76.1 58.5 Latin America 649.4 597.6 132.5 127.7 Europe 554.6 448.8 51.3 37.2 Rest of World 398.3 391.1 78.6 72.6 Total reportable segments 2,401.6 2,207.9 338.5 296.0 Reconciling Items: Corporate expenses: General, administrative and other expenses — — (89.9) (68.4) Foreign currency transaction gains — — 9.9 5.8 Reconciliation of segment policies to GAAP (a) — — 0.7 2.7 Other items not allocated to segments: Reorganization and Restructuring (b) — — (14.2) (14.4) Acquisitions and dispositions (c) — — (37.0) (30.6) Argentina highly inflationary impact (d) — — (22.2) (15.1) Change in allowance estimate (e) — — — (16.3) Chile antitrust matter (f) — — (0.4) (0.8) Total $ 2,401.6 2,207.9 $ 185.4 158.9 (a) This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP. (b) Management periodically implements restructuring actions in targeted sections of our business. Due to the unique circumstances around the charges related to these actions, they have not been allocated to segment results. (c) Certain acquisition and disposition items that are not considered part of the ongoing activities of the business and are special in nature are consistently excluded from segment results. These items include amortization expense for acquisition-related intangible assets and integration, transaction and restructuring costs related to business acquisitions. (d) We have designated Argentina's economy as highly inflationary for accounting purposes. Currency remeasurement gains and losses related to peso-denominated monetary assets and liabilities as well as incremental expense related to nonmonetary assets are excluded from segment results. (e) Represents impact of a change in our methodology to estimate our allowance for doubtful accounts in the first quarter of 2022. See Note 1 for further details. (f) See details regarding the Chile antitrust matter at Note 14.

Retirement benefits

Retirement benefits	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Retirement benefits	Retirement benefits Pension plans 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. The components of net periodic pension cost for our pension plans were as follows: U.S. Plans Non-U.S. Plans Total (In millions) 2023 2022 2023 2022 2023 2022 Three months ended June 30, Service cost $ — — 1.9 2.0 1.9 2.0 Interest cost on projected benefit obligation 8.1 5.7 4.5 3.3 12.6 9.0 Return on assets – expected (11.8) (12.3) (2.7) (3.4) (14.5) (15.7) Amortization of losses 0.4 6.3 0.4 0.5 0.8 6.8 Settlement loss — — 0.2 0.1 0.2 0.1 Net periodic pension cost $ (3.3) (0.3) 4.3 2.5 1.0 2.2 Six months ended June 30, Service cost $ — — 3.7 4.1 3.7 4.1 Interest cost on projected benefit obligation 16.2 11.4 8.9 6.6 25.1 18.0 Return on assets – expected (23.6) (24.4) (5.5) (6.3) (29.1) (30.7) Amortization of losses 0.9 12.1 0.8 1.0 1.7 13.1 Settlement loss — — 0.3 0.5 0.3 0.5 Net periodic pension cost $ (6.5) (0.9) 8.2 5.9 1.7 5.0 We did not make cash contributions to the primary U.S. pension plan in 2022 or the first six months of 2023. Based on current assumptions described in our Annual Report on Form 10-K for the year ended December 31, 2022, we do not expect to make contributions to the primary U.S. pension plan until 2026. Retirement benefits other than pensions 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 operations include medical benefits provided by the Pittston Coal Group Companies Employee Benefit Plan for United Mine Workers of America Represented Employees (the “UMWA plans”) as well as costs related to Black Lung obligations. The components of net periodic postretirement cost related to retirement benefits other than pensions were as follows: UMWA Plans Black Lung and Other Plans Total (In millions) 2023 2022 2023 2022 2023 2022 Three months ended June 30, Service cost $ — — 0.1 0.1 0.1 0.1 Interest cost on accumulated postretirement benefit obligations 2.7 2.6 1.3 0.9 4.0 3.5 Return on assets – expected (2.6) (3.3) — — (2.6) (3.3) Amortization of losses 1.2 2.2 1.2 1.8 2.4 4.0 Amortization of prior service cost (2.8) (1.1) — (0.1) (2.8) (1.2) Net periodic postretirement cost $ (1.5) 0.4 2.6 2.7 1.1 3.1 Six months ended June 30, Service cost $ — — 0.2 0.1 0.2 0.1 Interest cost on accumulated postretirement benefit obligations 5.7 5.3 2.6 1.8 8.3 7.1 Return on assets – expected (5.2) (6.6) — — (5.2) (6.6) Amortization of losses 2.9 5.3 2.3 3.7 5.2 9.0 Amortization of prior service cost (5.5) (2.3) — (0.1) (5.5) (2.4) Net periodic postretirement cost $ (2.1) 1.7 5.1 5.5 3.0 7.2 The components of net periodic pension cost and net periodic postretirement cost other than the service cost component are included in interest and other nonoperating income (expense) in the condensed consolidated statements of operations.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income taxes	Income taxes Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Continuing operations Provision (benefit) for income taxes (in millions) $ 23.4 29.3 $ 43.7 (11.8) Effective tax rate 39.9 % 43.4 % 45.3 % (11.7 %) 2023 Compared to U.S. Statutory Rate The effective income tax rate on continuing operations in the first six months of 2023 was greater than the 21% U.S. statutory rate due to the geographical mix of earnings, the seasonality of book losses for which no tax benefit can be recorded, nondeductible expenses in Mexico, taxes on cross border payments and U.S. taxable income and credit limitations, the increase of valuation allowances on U.S. tax credits, and the characterization of a French business tax as an income tax. 2022 Compared to U.S. Statutory Rate The effective income tax rate on continuing operations in the first six months of 2022 was less than the 21% U.S. statutory rate primarily due to the release of valuation allowances on U.S. tax credits deemed realizable as a result of the issuance of U.S. final foreign tax credit regulations, offset by the geographical mix of earnings, the seasonality of book losses for which no tax benefit can be recorded, nondeductible expenses in Mexico, taxes on cross border payments and U.S. taxable income limitations, and the characterization of a French business tax as an income tax. Valuation Allowance-Tax Credits In the first quarter of 2022, we concluded that it is more likely than not that a substantial amount of the U.S. deferred tax assets for U.S. foreign tax credit and general business credit carryforwards that previously required a valuation allowance would be realized. Our conclusion was based upon an analysis of the final foreign tax credit regulations that the U.S. Treasury published in the Federal Register on January 4, 2022. Based upon this analysis, we determined a significant amount of the post-2021 foreign withholding taxes will now be ineligible for U.S. foreign income tax credit treatment and therefore we are forecasting that our U.S. operations will no longer annually be generating new foreign tax credits in excess of its annual foreign tax credit utilization limit. As a result, we expect to be able to utilize a substantial amount of our foreign tax credit and general business tax credit carryforwards to offset future tax prior to their expiration. Accordingly, we reversed a substantial amount of our valuation allowance on our net U.S. deferred tax assets, resulting in a $55.0 million benefit in our provision for income taxes for the period ended June 30, 2022. For the period ending June 30, 2023, we concluded that changes in Brazilian tax law will allow Brazilian withholding taxes to be eligible for U.S. foreign tax credit treatment. Based on this conclusion, we expect to annually be generating more new foreign tax credits and utilizing fewer foreign tax carryforwards to offset taxes prior to their expiration. As a result, we recorded a $7.0 million tax expense in our provision for income taxes. Due to the novel approach that the final regulations impose, it is possible that further developments in foreign country or U.S. tax laws could occur and may require us to change our assessment of the ultimate amounts we consider more-likely-than-not to be realized.

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Acquisitions We account for 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 condensed consolidated statements of operations include the results of operations for each acquired entity from the date of acquisition. NoteMachine Limited Acquisition On October 3, 2022, we acquired 100% of the capital stock of NoteMachine Limited and Testlink Services Limited. At the acquisition date, these two entities directly owned 100% of the ownership interests in three additional entities (collectively, the five entities are referred to as "NoteMachine"). We acquired the NoteMachine businesses for approximately $194 million. NoteMachine is based in the United Kingdom and manages a portfolio of ATMs. NoteMachine generated approximately $150 million in revenues in the twelve month period prior to the acquisition. We estimated fair values for the assets purchased, liabilities assumed and purchase consideration as of the date of the acquisition in the following table. The determination of estimated fair value required management to make significant estimates and assumptions. The amounts reported are considered provisional as we are completing the valuations that are required to allocate the purchase price in areas such as deferred tax assets and liabilities and goodwill. As a result, the allocation of the provisional purchase price may change in the future. (In millions) Estimated Fair Value at Acquisition Date Fair value of purchase consideration Cash paid, excluding contingent consideration $ 178.9 Contingent consideration at acquisition-date fair value (a) 14.8 Fair value of purchase consideration $ 193.7 Fair value of net assets acquired Cash $ 6.8 Restricted cash 12.1 Accounts receivable 27.3 Other current assets 14.5 Property and equipment, net 37.9 Intangible assets (b) 84.2 Goodwill (c) 62.5 Other noncurrent assets 6.6 Current liabilities (36.3) Other noncurrent liabilities (21.9) Fair value of net assets acquired $ 193.7 (a) The contingent consideration has two components. The largest component was based on post-acquisition collections of ATM tax rate rebates from municipal governments in the U.K. The consideration was estimated at $10.5 million at the acquisition date. Through June 30, 2023, approximately $9 million has been paid to the seller for this component. The smaller component was based on post-acquisition increases in the ATM cash withdrawal interchange fees through June 30, 2023. The consideration was estimated at $4.3 million at the acquisition date. The post-acquisition fee increases did not occur and the liability was derecognized in the second quarter of 2023 resulting in a $4.8 million gain classified as other operating income (expense) in the condensed consolidated statements of operations. (b) Intangible assets are composed of customer relationships ($47 million fair value and 13 year amortization period), developed technology ($27 million fair value and 12 year amortization period) and a trade name ($10 million fair value and 5 year amortization period). (c) Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating NoteMachine's operations with our existing Brink's operations. Goodwill of $62 million has been assigned to the Europe reporting unit and goodwill of $1 million has been assigned to the North America reporting unit. We do not expect goodwill in these reporting units to be deductible for tax purposes. Touchpoint 21 Acquisition In January 2022, we acquired net assets from Touchpoint 21 LLC, an ATM and cash management solutions company operating in Texas and Oklahoma. We have determined that this acquisition represents a business combination and we have recorded acquired assets and liabilities at estimated fair value. The purchase consideration was approximately $15 million. Actual and Pro Forma (unaudited) disclosures Below are the actual results included in Brink's consolidated results for the businesses we acquired in 2022 and the first six months of 2023. (In millions) Revenue Net income attributable to Brink's Three months ended June 30, 2023 NoteMachine $ 34.1 1.2 Total $ 34.1 1.2 Three months ended June 30, 2022 NoteMachine $ — — Total $ — — Six months ended June 30, 2023 NoteMachine $ 68.2 0.1 Total $ 68.2 0.1 Six months ended June 30, 2022 NoteMachine $ — — Total $ — — The pro forma consolidated results of Brink's presented below reflect a hypothetical ownership as of January 1, 2021 for the businesses we acquired during 2022. (In millions) Revenue Net income attributable to Brink's Pro forma results of Brink's for the three months ended June 30, 2023 Brink's as reported $ 1,216.2 32.1 NoteMachine (a) — — Total $ 1,216.2 32.1 2022 Brink's as reported $ 1,133.9 35.1 NoteMachine (a) 37.2 5.9 Total $ 1,171.1 41.0 Pro forma results of Brink's for the six months ended June 30, 2023 Brink's as reported $ 2,401.6 47.1 NoteMachine (a) — — Total $ 2,401.6 47.1 2022 Brink's as reported $ 2,207.9 106.4 NoteMachine (a) 73.2 6.5 Total $ 2,281.1 112.9 (a) Represents amounts prior to acquisition by Brink's. Argentina Union Payments In the third quarter of 2017, we acquired 100% of the shares of Maco Transportadora de Caudales S.A. ("Maco Transportadora") and Maco Litoral, S.A. ("Maco Litoral" and, together with Maco Transportadora, "Maco"). Maco Transportadora is a CIT and money processing business and Maco Litoral provides CIT and ATM services. Both businesses operate in Argentina. Although the Maco operations were acquired by Brink's Argentina in 2017, the National Antitrust Authority did not formally approve the business acquisitions until 2021. The approval was issued conditioned on the divestiture of certain armored vehicles and relocation of other armored vehicles. These actions were completed in 2022. Upon the acquisition approval by the National Antitrust Authority, the national teamster unions demanded that Maco employees be paid severance benefits as if the employees had been terminated in 2022 and then immediately rehired by Brink's Argentina without their seniority. Brink's Argentina management finalized negotiations with the Maco Transportadora and Maco Litoral unions and has agreed to pay amounts to the union members in monthly installments through June 2024. We recognized $12.5 million in related costs in 2022. In the first six months of 2023, we recognized a $3.3 million charge for an inflation-adjusted labor increase to the expected payments. Changes in the liability as a result of currency-related remeasurement are reflected in our operating results as described in Note 1. Changes in the liability as a result of labor rate increases are reflected as acquisition-related costs. Due to the fact that management has excluded these amounts when evaluating internal performance, we have excluded the amounts from segment results.

Accumulated other comprehensive

Accumulated other comprehensive income (loss)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss) Other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive loss into earnings, was as follows: Amounts Arising During Amounts Reclassified to (In millions) Pretax Income Pretax Income Total Other Three months ended June 30, 2023 Amounts attributable to Brink's: Benefit plan adjustments $ (3.2) 0.6 0.8 (0.3) (2.1) Foreign currency translation adjustments (b) 20.2 1.9 (1.5) 0.4 21.0 Unrealized gains (losses) on available-for-sale securities 2.3 (0.8) — — 1.5 Gains (losses) on cash flow hedges 16.7 (2.5) (1.0) (0.3) 12.9 36.0 (0.8) (1.7) (0.2) 33.3 Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (3.0) — — — (3.0) (3.0) — — — (3.0) Total Benefit plan adjustments (a) (3.2) 0.6 0.8 (0.3) (2.1) Foreign currency translation adjustments (b) 17.2 1.9 (1.5) 0.4 18.0 Unrealized gains (losses) on available-for-sale securities (c) 2.3 (0.8) — — 1.5 Gains (losses) on cash flow hedges (d) 16.7 (2.5) (1.0) (0.3) 12.9 $ 33.0 (0.8) (1.7) (0.2) 30.3 Three months ended June 30, 2022 Amounts attributable to Brink's: Benefit plan adjustments $ 1.9 (0.1) 9.6 (2.3) 9.1 Foreign currency translation adjustments (b) (56.1) 4.8 (1.5) 0.3 (52.5) Unrealized losses on available-for-sale securities (0.3) (0.1) — — (0.4) Gains (losses) on cash flow hedges 15.0 (3.9) (3.2) 1.3 9.2 (39.5) 0.7 4.9 (0.7) (34.6) Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (5.0) — — — (5.0) (5.0) — — — (5.0) Total Benefit plan adjustments (a) 1.9 (0.1) 9.6 (2.3) 9.1 Foreign currency translation adjustments (b) (61.1) 4.8 (1.5) 0.3 (57.5) Unrealized losses on available-for-sale securities (c) (0.3) (0.1) — — (0.4) Gains (losses) on cash flow hedges (d) 15.0 (3.9) (3.2) 1.3 9.2 $ (44.5) 0.7 4.9 (0.7) (39.6) Amounts Arising During Amounts Reclassified to (In millions) Pretax Income Pretax Income Total Other Six months ended June 30, 2023 Amounts attributable to Brink's: Benefit plan adjustments $ (3.7) 0.5 1.4 (0.4) (2.2) Foreign currency translation adjustments (b) 64.8 2.0 (2.9) 0.7 64.6 Unrealized gains (losses) on available-for-sale securities 0.4 (0.1) — — 0.3 Gains (losses) on cash flow hedges 8.3 (0.1) (1.3) (0.5) 6.4 69.8 2.3 (2.8) (0.2) 69.1 Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (2.8) — — — (2.8) (2.8) — — — (2.8) Total Benefit plan adjustments (a) (3.7) 0.5 1.4 (0.4) (2.2) Foreign currency translation adjustments (b) 62.0 2.0 (2.9) 0.7 61.8 Unrealized gains (losses) on available-for-sale securities (c) 0.4 (0.1) — — 0.3 Gains (losses) on cash flow hedges (d) 8.3 (0.1) (1.3) (0.5) 6.4 $ 67.0 2.3 (2.8) (0.2) 66.3 Six months ended June 30, 2022 Amounts attributable to Brink's: Benefit plan adjustments $ 1.0 0.1 19.7 (4.7) 16.1 Foreign currency translation adjustments (b) (21.0) 4.4 (3.0) 0.7 (18.9) Unrealized losses on available-for-sale securities (0.7) (0.1) — — (0.8) Gains (losses) on cash flow hedges 13.8 (1.8) 11.4 (3.5) 19.9 (6.9) 2.6 28.1 (7.5) 16.3 Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (6.5) — — — (6.5) (6.5) — — — (6.5) Total Benefit plan adjustments (a) 1.0 0.1 19.7 (4.7) 16.1 Foreign currency translation adjustments (b) (27.5) 4.4 (3.0) 0.7 (25.4) Unrealized losses on available-for-sale securities (c) (0.7) (0.1) — — (0.8) Gains (losses) on cash flow hedges (d) 13.8 (1.8) 11.4 (3.5) 19.9 $ (13.4) 2.6 28.1 (7.5) 9.8 (a) The amortization of actuarial losses and prior service cost is part of total net periodic retirement benefit cost when reclassified to net income. Net periodic retirement benefit cost also includes service cost, interest cost, expected return on assets, and settlement losses. Total service cost is allocated between cost of revenues and selling, general and administrative expenses on a plan-by-plan basis and the remaining net periodic retirement benefit cost items are allocated to interest and other nonoperating expense: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2023 2022 2023 2022 Total net periodic retirement benefit cost included in: Cost of revenues $ 1.5 1.7 $ 2.9 3.3 Selling, general and administrative expenses 0.5 0.4 1.0 0.9 Interest and other nonoperating expense 0.1 3.2 0.8 8.0 (b) 2023 foreign currency translation adjustment amounts arising during the three months ended June 30, 2023 reflect primarily the appreciation of the Mexican peso, the Brazilian real, the euro, and the British pound. 2022 foreign currency translation adjustment amounts arising during the three months ended June 30, 2022 reflect primarily the devaluation of the British pound, the Brazilian real, and the Chilean peso. 2023 foreign currency translation adjustment amounts arising during the six months ended June 30, 2023 reflect primarily the appreciation of the Mexican peso, the Brazilian real, the euro, and the British pound. 2022 foreign currency translation adjustment amounts arising during the six months ended June 30, 2022 reflect primarily the devaluation of the British pound and the euro, partially offset by the appreciation of the Brazilian real. (c) Gains and losses on sales of available-for-sale debt securities are reclassified from accumulated other comprehensive income (loss) to the condensed consolidated statements of operations when the gains or losses are realized. Pretax amounts are classified in the condensed consolidated statements of operations as interest and other income (expense). (d) Pretax gains and losses on cash flow hedges are classified in the condensed consolidated statements of operations as: • ot her operating income (expense) ($3.8 million loss in the three months ended June 30, 2023 and $5.3 million gain in the three months ended June 30, 2022; as well as $7.2 million loss in the six months ended June 30, 2023 and $6.5 million loss in the six months ended June 30, 2022). • interest expense ($4.8 million reduction to expense in the three months ended June 30, 2023 and $2.1 million of expense in the three months ended June 30, 2022; as well as $8.5 million reduction to expense in the six months ended June 30, 2023 and $4.9 million of expense in the six months ended June 30, 2022). The changes in accumulated other comprehensive loss attributable to Brink’s are as follows: (In millions) Benefit Plan Adjustments Foreign Currency Translation Adjustments Unrealized Losses on Available-for-Sale Securities Gains (Losses) on Cash Flow Hedges Total Balance as of December 31, 2022 $ (290.7) (433.8) (0.6) 24.6 (700.5) Other comprehensive income (loss) before reclassifications (3.2) 66.8 0.3 8.2 72.1 Amounts reclassified from accumulated other comprehensive loss to net income 1.0 (2.2) — (1.8) (3.0) Other comprehensive income (loss) attributable to Brink's (2.2) 64.6 0.3 6.4 69.1 Balance as of June 30, 2023 $ (292.9) (369.2) (0.3) 31.0 (631.4)

Fair value of financial instrum

Fair value of financial instruments	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair value of financial instruments	Fair value of financial instruments Investments in Marketable Securities We have investments in mutual funds, equity securities and available for sale debt securities that are carried at fair value in the condensed financial statements. For these investments, fair value was based on quoted market prices, which we have categorized as a Level 1 valuation. Fixed-Rate Debt The fair value and carrying value of our material fixed-rate debt, excluding any unamortized debt issuance costs, are as follows: (In millions) June 30, 2023 December 31, 2022 $600 million senior unsecured notes Carrying value $ 600.0 600.0 Fair value 534.7 528.7 $400 million senior unsecured notes Carrying value 400.0 400.0 Fair value 372.0 369.0 Pricing inputs for nonpublic debt are often not observable. The fair value estimates of our senior notes reflect unobservable estimates and assumptions, which we have categorized as a Level 3 valuation. Our fair value estimates were based on the present value of future cash flows, discounted at rates for public debt at the measurement date. The rates for public debt were additionally adjusted for a factor which represented the change in the interest spreads between the inception rates and the public debt rates at the measurement date. Forward and Swap Contracts We have outstanding foreign currency forward and swap contracts to hedge transactional risks associated with foreign currencies. At June 30, 2023, the notional value of our outstanding foreign currency forward and swap contracts was $554 million, with average maturities of approximately one month. These foreign currency forward and swap contracts primarily offset exposures in the euro and the Mexican peso and are not designated as hedges for accounting purposes. Accordingly, changes in their fair value are recorded immediately in earnings. Amounts under these contracts were recognized in other operating income (expense) as follows: Three Months Six Months (in millions) 2023 2022 2023 2022 Derivative instrument gains included in other operating income (expense) $ 10.4 14.1 $ 18.6 33.0 . In the first quarter of 2019, we entered into a long term cross currency swap contract to hedge exposure in Brazilian real, which is designated as a cash flow hedge for accounting purposes. Accordingly, changes in the fair value of the cash flow hedge are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We immediately reclassify from accumulated other comprehensive income (loss) to earnings an amount to offset the remeasurement recognized in earnings associated with the respective intercompany loan. Additionally, we reclassify amounts from accumulated other comprehensive income (loss) to interest expense amounts that are associated with the interest rate differential between a U.S. dollar denominated intercompany loan and a Brazilian real denominated intercompany loan. At June 30, 2023, the notional value of this contract was $41 million with a weighted-average maturity of 0.3 years. At June 30, 2023, the fair value of the cross currency swap contract was an asset of $8.1 million and was included in prepaid expenses and other on the condensed consolidated balance sheet. At December 31, 2022, the fair value of the cross currency swap contract was an asset of $14.6 million and included in prepaid expenses and other on the condensed consolidated balance sheet. Amounts under this contract were recognized in other operating income (expense) to offset transaction gains or losses and in interest expense as follows: Three Months Six Months (In millions) 2023 2022 2023 2022 Derivative instrument gains (losses) included in other operating income (expense) $ (3.8) 5.3 $ (7.2) (6.5) Offsetting transaction gains (losses) 3.8 (5.3) 7.2 6.5 Derivative instrument losses included in interest expense (0.2) (0.3) (0.5) (0.7) Net derivative instrument gains (losses) (4.0) 5.0 (7.7) (7.2) In the first quarter of 2019, we entered into ten interest rate swaps that hedge cash flow risk associated with changes in variable interest rates and that are designated as cash flow hedges for accounting purposes. Accordingly, changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings in the same periods that the hedged debt affects earnings. At June 30, 2023, the notional value of these contracts was $400 million with a remaining weighted-average maturity of 0.3 years. At June 30, 2023, the fair value of these interest rate swaps was an asset of $6.8 million and was included in prepaid expenses and other on the condensed consolidated balance sheet. At December 31, 2022, the fair value of these interest rate swaps was a net asset of $10.0 million of which $9.3 million was included in prepaid expenses and other and $0.7 million was included in other assets on the condensed consolidated balance sheet. In the first quarter of 2022, we entered into four forward-starting interest rate swaps that hedge cash flow risk associated with changes in variable interest rates and that were designated as cash flow hedges for accounting purposes. The forward-starting interest rate swaps had a maturity date in July 2030 and had a mandatory settlement scheduled to occur in July 2022. In July 2022, an amendment was executed to terminate the four forward-starting interest rates swaps and concurrently enter into three forward-starting interest rate swaps with an amended maturity in June 2027. We designated these interest rates swaps as cash flow hedges for accounting purposes. Accordingly, the changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings in the same periods that the hedged debt affects earnings. As of the July 2022 termination date of the four previous interest rate swaps, a cumulative net gain of $9.2 million was recorded in accumulated other comprehensive income (loss). This amount is reclassified to earnings as forecasted interest payments occur through the original maturity date in July 2030. The three new interest rate swaps had an inception date fair value equal to a $9.2 million asset, approximating the settlement value of the four previous interest rate swaps. Instead of receiving cash upon termination of the previous swaps, we elected to negotiate a lower off-market fixed rate for the three new interest rate swaps. This inception date fair value is amortized to earnings on a ratable and systematic basis through the maturity date of the new interest rate swaps in June 2027. At June 30, 2023, the notional value of these contracts was $200 million with a remaining weighted-average maturity of 2.0 years. At June 30, 2023, the fair value of these interest rate swaps was a net asset of $16.8 million of which $6.8 million was included in prepaid expenses and other and $10.0 million was included in other assets on the condensed consolidated balance sheet. At December 31, 2022, the fair value of these interest rate swaps was a net asset of $16.4 million of which $6.0 million was included in prepaid expenses and other and $10.4 million was included in other assets on the consolidated balance sheet. In the fourth quarter of 2022, we entered into two interest rate swaps with a maturity date in June 2027. These swaps are intended to hedge cash flow risk associated with changes in variable interest rates and were designated as cash flow hedges for accounting purposes. Accordingly, changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). We reclassify amounts from accumulated other comprehensive income (loss) into earnings in the same periods that the hedged debt affects earnings. At June 30, 2023, the notional value of these contracts was $175 million with a remaining weighted-average maturity of 2.0 years. At June 30, 2023, the fair value of these interest rate swaps was a net asset of $2.9 million of which $2.8 million was included in prepaid expenses and other and $0.1 million was included in other assets on the condensed consolidated balance sheet. At December 31, 2022, the fair value of these interest rate swaps was a net asset of $1.0 million of which $2.0 million was included in prepaid expenses and other and $1.0 million was included in other liabilities on the condensed consolidated balance sheet. In the second quarter of 2023, we entered into eight forward-starting interest rates swaps which will become effective in January 2024. The forward-starting interest rate swaps have a maturity date in June 2027. These swaps are intended to replace the existing $400 million interest rate swaps that will mature on the same date in January 2024 that the forward-starting swaps become effective. These swaps are intended to hedge cash flow risk associated with changes in variable interest rates and were designated as cash flow hedges for accounting purposes. Accordingly, changes in the fair value of these cash flow hedges are initially recorded in the gains (losses) on cash flow hedges component of accumulated other comprehensive income (loss). At June 30, 2023, the notional value of these contracts was $400 million with a remaining weighted-average maturity of 2.3 years. At June 30, 2023, the fair value of these interest rate swaps was an asset of $8.6 million of which $3.2 million was included in prepaid expenses and other and $5.4 million was included in other assets on the condensed consolidated balance sheet. In the second quarter of 2021, we entered into ten cross currency swaps to hedge a portion of our net investments in certain of our subsidiaries with euro functional currencies. As net investment hedges for accounting purposes, we elected to use the spot method to assess effectiveness for these derivatives that are designated as net investment hedges. Accordingly, changes in fair value attributable to changes in the undiscounted spot rates are recorded in the foreign currency translation adjustments component of accumulated other comprehensive income (loss) and will remain there until the hedged net investments are sold or substantially liquidated. We have elected to exclude the spot-forward difference from the assessment of hedge effectiveness and are amortizing this amount separately on a straight-line basis over the term of these cross currency swaps. In July 2022, we terminated these cross currency swap contracts and received $67 million in cash for the fair value of the derivative assets at the settlement date. We subsequently entered into a total of nine cross currency swaps with a total notional of $400 million to hedge a portion of our net investment in certain of our subsidiaries with euro functional currencies. Swaps with a total notional of $215 million will terminate in May 2026 and swaps with a total notional of $185 million will terminate in April 2031. We have designated these swaps as net investment hedges for accounting purposes. At June 30, 2023, the total notional value of these cross currency swap contracts was $400 million with a remaining weighted average maturity of 2.4 years for the cross currency swaps maturing in May 2026 and a remaining weighted average maturity of 6.5 years for the cross currency swaps maturing in April 2031. At June 30, 2023, the fair value of these cross currency swaps was a net liability of $23.3 million of which $5.6 million was included in prepaid expenses and other and $28.9 million was included in other liabilities on the condensed consolidated balance sheet. At December 31, 2022, the fair value of these cross currency swaps was a net liability of $11.7 million of which $5.6 million was included in prepaid expenses and other and $17.3 million was included in other liabilities on the condensed consolidated balance sheet. In July 2023, we entered into a zero cost foreign exchange collar contract with a $215 million notional amount and a May 2026 expiration date. We sold a put option with a lower strike price and bought a call option with a higher strike price to manage the foreign exchange risk related to the final settlement of the $215 million notional cross currency swaps. Upon the execution of the zero cost foreign exchange collar contract, we have de-designated the existing $215 million notional cross currency swaps and re-designated the combined $215 million notional cross currency swaps and zero cost collar into a new hedging instrument. At re-designation, the existing $215 million notional cross currency swaps had a non-zero fair value representing an off-market component of the participating cross currency swaps. The off-market value will be ratably amortized into earnings through May 2026. The combined cross currency swaps and zero cost collar has been designated as a net investment hedge for accounting purposes. The effect of the interest rate swaps and the amortization of the spot-forward difference on the net investment hedges cross currency swaps is included in interest expense as follows: Three Months Six Months (In millions) 2023 2022 2023 2022 Interest rate swaps designated as cash flow hedges $ (5.0) 1.8 (9.0) 4.2 Cross currency swaps designated as net investment hedges (1.5) (1.6) (2.9) (3.1) Net derivative instrument (gains) losses included in interest expense $ (6.5) 0.2 (11.9) 1.1 The fair values of these forward and swap contracts are based on the present value of net future cash payments and receipts, as well as inputs related to forward interest rates and forward currency rates that are derived principally from, or corroborated by, observable market data, which we have categorized as a Level 2 valuation. Contingent Consideration In the second quarter of 2020, we acquired cash management operations in Malaysia from U.K.-based G4S and have recorded a payable for contingent consideration. The contingent consideration will be paid when minimum dividend distributions are received by Brink's relating to cash on the balance sheets of the Malaysia subsidiaries as of the acquisition date. We used a probability-weighted approach to estimate the fair value of the contingent consideration. The fair value of the contingent consideration is the full $22 million that remains potentially payable as of June 30, 2023 as we believe it is unlikely that the contingent consideration payments will be reduced. In the fourth quarter of 2022, we acquired NoteMachine and recognized a payable for contingent consideration, consisting of two components. The first component was a payable based on post-acquisition increases in ATM cash withdrawal interchange fees through June 30, 2023. This payable was written off in the second quarter of 2023 as no increases in the fee occurred through June 30, 2023. The $4.8 million gain is classified as other operating income (expense) in the condensed consolidated statements of operations. The second component is a payable contingent on our post-acquisition collection of ATM tax rate rebates from municipal governments in the U.K. The fair value of this payable was estimated at $10.5 million as of the October 3, 2022 acquisition date. Approximately $9 million of the contingent consideration has been paid through June 30, 2023, and we do not expect any material change to the payable estimated as of the acquisition date. Other Financial Instruments Other financial instruments include cash and cash equivalents, accounts receivable, floating rate debt, accounts payable and accrued liabilities. The financial statement carrying amounts of these items approximate the fair value. There were no transfers in or out of any of the levels of the valuation hierarchy in the first six months of 2023.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt June 30, December 31, (In millions) 2023 2022 Debt: Short-term borrowings $ 127.5 47.2 Total short-term borrowings $ 127.5 47.2 Long-term debt Bank credit facilities: Term loan A (a) $ 1,360.5 1,377.4 Senior unsecured notes (b) 993.2 992.1 Revolving Credit Facility 620.5 646.9 Other (c) 151.6 147.0 Financing leases 215.3 192.2 Total long-term debt $ 3,341.1 3,355.6 Total debt $ 3,468.6 3,402.8 Included in: Current liabilities $ 217.4 129.6 Noncurrent liabilities 3,251.2 3,273.2 Total debt $ 3,468.6 3,402.8 (a) Amounts outstanding are net of unamortized debt costs of $4.5 million as of June 30, 2023 and $5.1 million as of December 31, 2022. (b) Amounts outstanding are net of unamortized debt costs of $6.8 million as of June 30, 2023 and $7.9 million as of December 31, 2022. (c) Other facilities include $99.4 million related to the Brink's Capital credit facility at June 30, 2023, compared to $106.8 million at December 31, 2022. The facility had $3,241.8 million in borrowings and $3,249.3 million in repayments in the first six months of 2023, which is reflected in the long-term revolving credit facilities movement in the condensed consolidated statements of cash flows. Long-Term Debt Senior Secured Credit Facility In June 2022, we amended our senior secured credit facility (the “Senior Secured Credit Facility”) with Bank of America, N.A. as administrative agent. After the amendment, the Senior Secured Credit Facility consisted of a $1 billion revolving credit facility (the "Revolving Credit Facility") and $1.4 billion of term loans (the "Term Loans"). All loans under the Revolving Credit Facility and the Term Loans mature on June 23, 2027. Principal payments for the Term Loans are due quarterly in an amount equal to 0.625% of the initial loan amount for the first eight quarterly installment payments and 1.25% for subsequent payments with a final lump sum payment due on June 23, 2027. Interest rates for the Senior Secured Credit Facility are based on the Secured Overnight Financing Rate ("SOFR") plus a margin or an alternate base rate plus a margin. The Revolving Credit Facility allows us to borrow money or issue letters of credit (or otherwise satisfy credit needs) on a revolving basis over the term of the facility. As of June 30, 2023, $379 million was available under the Revolving Credit Facility. The obligations under the Senior Secured Credit Facility are secured by a first-priority lien on all or substantially all of the assets of the Company and certain of its domestic subsidiaries, including a first-priority lien on equity interests of certain of the Company’s direct and indirect subsidiaries. The Company and certain of its domestic subsidiaries also guarantee the obligations under the Senior Secured Credit Facility. The margin on both SOFR and alternate base rate borrowings under the Senior Secured Credit Facility is based on the Company’s total net debt leverage ratio. The margin on SOFR borrowings, which can range from 1.25% to 1.75%, was 1.50% at June 30, 2023. The margin on alternate base rate borrowings, which can range from 0.25% to 0.75%, was 0.50% as of June 30, 2023. We also pay an annual commitment fee on the unused portion of the Revolving Credit Facility based on the Company’s total net leverage ratio. The commitment fee, which can range from 0.15% to 0.28%, was 0.23% as of June 30, 2023. Senior Unsecured Notes In June 2020, we issued at par five-year senior unsecured notes (the "2020 Senior Notes") in the aggregate principal amount of $400 million. The 2020 Senior Notes will mature on July 15, 2025 and bear an annual interest rate of 5.5%. The 2020 Senior Notes are general unsecured obligations guaranteed by certain of the Company’s existing and future U.S. subsidiaries, which are also guarantors under the Senior Secured Credit Facility. In October 2017, we issued at par ten-year senior unsecured notes (the "2017 Senior Notes" and together with the 2020 Senior Notes, the "Senior Notes") in the aggregate principal amount of $600 million. The 2017 Senior Notes will mature on October 15, 2027 and bear an annual interest rate of 4.625%. The 2017 Senior Notes are general unsecured obligations guaranteed by certain of the Company’s existing and future U.S. subsidiaries, which are also guarantors under the Senior Secured Credit Facility. The Senior Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The notes were offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on the exception from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The aggregate proceeds from the Senior Secured Credit Facility and the 2017 Senior Notes were used in part to repay certain prior indebtedness and certain fees and expenses related to the closing of certain transactions. Borrowings were used for working capital needs, capital expenditures, acquisitions and other general corporate purposes. The aggregate proceeds from the 2020 Senior Notes were used in part to repay certain existing indebtedness incurred in connection with the G4S acquisition, finance the remaining G4S acquisition transactions and pay certain fees and expenses related to the transactions. Remaining net proceeds from the 2020 Senior Notes were used for working capital needs, capital expenditures, acquisitions and other general corporate purposes. Letter of Credit Facilities and Bank Guarantee Facilities We have three committed letter of credit facilities totaling $70 million, of which approximately $13 million was available at June 30, 2023. At June 30, 2023, we had undrawn letters of credit and guarantees of $57 million issued under these facilities. The $15 million facility expires in April 2025, the $32 million facility expires in October 2025 and the $24 million facility expires in May 2027. We have two uncommitted letter of credit facilities totaling $55 million, of which approximately $28 million was available at June 30, 2023. At June 30, 2023, we had undrawn letters of credit and guarantees of $27 million issued under these facilities. The $40 million and the $15 million facilities have no expiration date. The Senior Secured Credit Facility is also available for issuance of letters of credit and bank guarantees. The Senior Secured Credit Facility, Senior Unsecured Notes, the Letter of Credit Facilities and Bank Guarantee Facilities contain various financial and other covenants. The financial covenants, among other things, limit our ability to provide liens, restrict fundamental changes, limit transactions with affiliates and unrestricted subsidiaries, restrict changes to our fiscal year and to organizational documents, limit asset dispositions, limit the use of proceeds from asset sales, limit sale and leaseback transactions, limit investments, limit the ability to incur debt, restrict certain payments to shareholders, limit negative pledges, limit the ability to change the nature of our business, provide for a maximum consolidated net leverage ratio and provide for minimum coverage of interest costs. If we were not to comply with the terms of our various financing agreements, the repayment terms could be accelerated and the commitments could be withdrawn. An acceleration of the repayment terms under one agreement could trigger the acceleration of the repayment terms under the other financing agreements. We were in compliance with all covenants at June 30, 2023.

Credit losses

Credit losses	6 Months Ended
	Jun. 30, 2023
Allowance for Credit Loss [Abstract]
Credit losses	Credit losses We are exposed to credit losses primarily through sales of our Cash and Valuable Management services and DRS and AMS services to customers with operations in the U.S. as well as customers in more than 100 countries outside the U.S. We typically invoice our customers on a monthly basis and payment terms are generally between 30 and 60 days. We assess currently expected credit losses in our financial assets on a pool basis by aggregating financial assets with similar risk characteristics. We have pooled financial assets by geographic location because of the similarities within each location such as customers, payment terms, and services offered. Loss experience is monitored for each pool and we determine historical loss rates for each pool. These historical loss rates are the main assumption used in estimating expected credit losses over the life of the financial assets. We also considered current and expected economic conditions, particularly the effects of the pandemic, in determining an appropriate allowance. We monitor the aging of accounts receivables by country and write off any accounts that are deemed uncollectible. We also monitor any significant economic events to identify any current or expected trends and risks within a pool that could impact the collectability of outstanding accounts receivables balances that were not contemplated or relevant during a previous period. The following table is a rollforward of the allowance for doubtful accounts for the six month period ended June 30, 2023. Allowance for doubtful accounts: (In millions) December 31, 2022 $ 38.3 Provision for uncollectible accounts receivable 9.6 Write-offs and recoveries (7.8) Foreign currency exchange effects 0.3 June 30, 2023 $ 40.4

Share-based compensation plans

Share-based compensation plans	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based compensation plans	Share-based compensation plans We have share-based compensation plans to attract and retain employees and non-employee directors and to more closely align their interests with those of our shareholders. We have outstanding share-based awards granted to employees under the 2017 Equity Incentive Plan (the "2017 Plan"). The 2017 Plan permits 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 2017 Plan also permits cash awards to eligible employees. The 2017 Plan became effective May 2017. During the first quarter ended March 31, 2023, the remaining outstanding awards granted under the 2013 Equity Incentive Plan (the "2013 Plan") were fully exercised. No further grants of awards will be made under the 2013 Plan. We also have outstanding deferred stock units granted to directors under the 2017 Plan. Share-based awards were previously granted to directors and remain outstanding under the Non-Employee Director's Equity Plan and the Directors’ Stock Accumulation Plan, which has expired. Outstanding awards at June 30, 2023 include performance share units, restricted stock units, deferred stock units, performance-based stock options, time-based stock options and certain awards that will be settled in cash. Compensation Expense Compensation expense is measured using the fair-value-based method. Prior to 2020, for employee and director awards considered equity grants, compensation expense is recognized from the award or grant date to the earlier of the retirement-eligible date or the vesting date. In 2020, the retirement eligibility provisions for many employee awards were changed on a go-forward basis to require a six month notification period prior to actual retirement. For the 2020 awards, we recognized expense from the grant date to six months after the participant's retirement eligible date. In 2021, the retirement eligibility provisions were changed to require a minimum of a one year service period in order to meet the retirement eligible conditions. For the 2021, 2022, and 2023 awards, we recognize expense from the grant date to the earlier of the retirement-eligible date (provided it is not less than one year from the grant date) or the vesting date. For awards considered liability awards, compensation cost is based on the change in the fair value of the instrument for each reporting period and the percentage of the requisite service that has been rendered. Compensation expenses are classified as selling, general and administrative expenses in the condensed consolidated statements of operations. Compensation expenses for the share-based awards were as follows: Compensation Expense Compensation Expense Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Performance share units $ 5.0 10.9 $ 12.9 15.8 Restricted stock units 2.9 3.5 5.6 5.4 Deferred stock units and fees paid in stock 0.4 0.4 0.7 0.7 Time-based vesting stock options — 0.1 — 0.2 Cash based awards 0.4 0.7 1.5 1.1 Share-based payment expense 8.7 15.6 20.7 23.2 Income tax benefit (2.0) (3.5) (4.8) (5.3) Share-based payment expense, net of tax $ 6.7 12.1 $ 15.9 17.9 Performance-Based Stock Options In 2018, 2017 and 2016, we granted performance-based stock options that have a service condition as well as a market condition. In addition, some of the awards granted in 2016 contained a non-financial performance condition. We measured the fair value of these performance-based options at the grant date using a Monte Carlo simulation model. The following table summarizes performance-based stock option activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Outstanding balance as of December 31, 2022 446.2 $ 14.70 Exercised (263.4) 12.47 Outstanding balance as of June 30, 2023 182.8 $ 17.92 Time-Based Stock Options In 2020 and 2019, we granted time-based stock options that contain only a service condition. We measure the fair value of these time-based options at the grant date using a Black-Scholes-Merton option pricing model. The following table summarizes time-based stock option activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Outstanding balance as of December 31, 2022 161.6 $ 21.41 Expired — — Outstanding balance as of June 30, 2023 161.6 $ 21.41 Restricted Stock Units (“RSUs”) We granted RSUs that contain only a service condition. We measure the fair value of RSUs based on the price of Brink’s stock at the grant date, adjusted for a discount for dividends not received or accrued during the vesting period. The following table summarizes RSU activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Nonvested balance as of December 31, 2022 309.3 $ 67.25 Granted 191.2 65.77 Forfeited (10.6) 65.12 Vested (124.0) 70.07 Nonvested balance as of June 30, 2023 365.9 $ 65.58 Performance Share Units ("PSUs”) Historically, we have granted Internal Metric PSUs ("IM PSUs") and Relative Total Shareholder Return PSUs ("TSR PSUs"). The majority of outstanding IM PSUs contain a performance condition as well as a service condition. We measure the fair value of these PSUs based on the price of Brink’s stock at the grant date, adjusted for a discount for dividends not received or accrued during the vesting period. For the IM PSUs granted in 2021, the performance period is from January 1, 2021 to December 31, 2022 with an additional one year of service requirement after 2022. For IM PSUs granted in 2022, the performance period is from January 1, 2022 to December 31, 2024. For IM PSUs granted in 2023, the performance period is from January 1, 2023 to December 31, 2025. In 2023, we also granted IM PSUs to certain employees which contain a market condition, a performance condition, and a service condition. We measure the fair value of IM PSUs containing a market condition at the grant date using a Monte Carlo simulation model. Before 2023, we granted TSR PSUs containing a market condition as well as a service condition. We measure the fair value of TSR PSUs at the grant date using a Monte Carlo simulation model. For the TSR PSUs granted in 2021, the service period is from January 1, 2021 to December 31, 2023. For the TSR PSUs granted in 2022, the service period is from January 1, 2022 to December 31, 2024. The following table summarizes all PSU activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Nonvested balance as of December 31, 2022 726.0 $ 76.66 Granted 234.9 69.07 Forfeited or expired (a) (60.9) 85.21 Vested (b) (171.5) 82.75 Nonvested balance as of June 30, 2023 728.5 $ 72.06 (a) Although the service condition had been met, 31.4 thousand TSR PSUs granted in 2020 expired in accordance with the market condition terms of the underlying award agreement. These units had a weighted average grant-date fair value of $94.52 per share. (b) The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, the actual shares earned and distributed for the performance period ended December 31, 2022 were 208.1 thousand, compared to target shares of 171.5 thousand. Deferred Stock Units ("DSUs") We granted DSUs to our non-employee directors. We measure the fair value of DSUs at the grant date, based on the price of Brink's stock, and, if applicable, adjusted for a discount for dividends not received or accrued during the vesting period. DSUs granted after 2014 will be paid out in shares of Brink's stock approximately one year after the grant date, provided that the director has not elected to defer the distribution of shares until a later date. DSUs granted prior to 2015, in general, will be paid out in shares of stock following separation from service. The following table summarizes all DSU activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Nonvested balance as of December 31, 2022 19.7 $ 54.74 Granted 19.2 62.43 Vested (18.6) 54.67 Nonvested balance as of June 30, 2023 20.3 $ 62.09

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Capital Stock	Capital Stock Common Stock At June 30, 2023, we had 100 million shares of common stock authorized and 46.4 million shares issued and outstanding. Dividends We paid regular quarterly dividends on our common stock during the last two years. On May 4, 2023, the Board declared a regular quarterly dividend of 22 cents per share payable on June 1, 2023 to shareholders of record on May 15, 2023. The payment of future dividends is at the discretion of the Board of Directors and is dependent on our future earnings, financial condition, shareholder equity levels, cash flow, business requirements and other factors. Preferred Stock At June 30, 2023, we had the authority to issue up to 2.0 million shares of preferred stock with a par value of $10 per share. Share Repurchase Program On October 27, 2021, we announced that our Board of Directors authorized a $250 million share repurchase program that expires on December 31, 2023 (the "2021 Repurchase Program"). This authorization replaces our previous $250 million repurchase program, authorized by the Board in February 2020 (the "2020 Repurchase Program"), which expired on December 31, 2021, with no amount remaining available. Under the 2021 Repurchase Program, we are not obligated to repurchase any specific dollar amount or number of shares. The timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise. During the first six months ended June 30, 2023, we repurchased a total of 272,467 shares of our common stock for an aggregate of $17.5 million and an average price of $64.38 per share. These shares were retired upon repurchase. At June 30, 2023, $180 million remained available under the 2021 Repurchase Program. Under the 2020 Repurchase Program, we entered into an accelerated share repurchase arrangement ("ASR") in the fourth quarter of 2021 and repurchased 1,742,160 shares in November 2021 in exchange for a $150 million upfront payment to a financial institution. Under this ASR, the purchase period had a scheduled termination date of June 1, 2022. In April 2022, the financial institution elected to early terminate this ASR and an additional 546,993 shares were repurchased. In total, 2,289,153 shares were repurchased under this ASR at an average repurchase price of $65.53. Shares Used to Calculate Earnings per Share Three Months Six Months (In millions) 2023 2022 2023 2022 Weighted-average shares: Basic (a) 46.7 47.4 46.7 47.6 Effect of dilutive stock awards and options 0.6 0.4 0.7 0.4 Diluted 47.3 47.8 47.4 48.0 Antidilutive stock awards and options excluded from denominator (b) 0.4 0.4 0.4 0.7 (a) We have deferred compensation plans for directors and certain of our employees. Some amounts owed to participants are denominated in common stock units. Each unit represents one share of common stock. The number of shares used to calculate basic earnings per share includes the weighted-average common stock units credited to employees and directors under the deferred compensation plans. Additionally, nonvested units containing only a service requirement are also included in the computation of basic weighted-average shares when the requisite service period has been completed. Accordingly, included in basic shares are 0.3 million in the three months and 0.3 million in the six months ended June 30, 2023, and 0.3 million in the three months and 0.3 million in six months ended June 30, 2022.

Supplemental cash flow informat

Supplemental cash flow information	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Information [Abstract]
Supplemental cash flow information	Supplemental cash flow information Six Months (In millions) 2023 2022 Cash paid for: Interest $ 110.0 56.8 Income taxes, net 54.7 70.5 Argentina Currency Conversions We have elected in the past and could continue in the future to repatriate cash from Brink's Argentina using different means to convert Argentine pesos into U.S. dollars. Conversions under these other market mechanisms generally settle at rates that are less favorable than the rates at which we remeasure the financial statements of Brink’s Argentina. The net cash flows from these transactions are treated as operating cash flows as the financial instruments are purchased specifically for resale and are generally sold within a short period of time from the date of purchase. We did not have any such conversions in the first six months of 2023 or 2022. Non-cash Investing and Financing Activities We acquired $46.8 million in armored vehicles and other equipment under financing lease arrangements in the first six months of 2023 compared to $39.6 million in armored vehicles and other equipment acquired under financing lease arrangements in the first six months of 2022. Loans Held for Investment In France, as part of an ATM managed services contract for a large customer, we purchase the ATMs at the beginning of the contract. However, since these ATMs are specifically for the benefit of the customer and transfer back to the customer at the end of the contract, this is recorded as a financing transaction. As a result, the loan to the customer, net of payments received, is treated as investing cash flows. Restricted Cash (Cash Supply Chain Services) In France, we offer services to certain of our customers where we manage some or all of their cash supply chains. Providing this service requires our French subsidiary to take temporary title to the cash received from the management of our customers' cash supply chains until the cash is returned to the customers. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering. In Malaysia, we offer ATM replenishment services to certain of our financial institution customers. Providing this service requires our Malaysia subsidiary to take temporary title to the cash received in advance of ATM replenishment. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering. In accordance with a revolving credit facility, we are required to maintain a restricted cash reserve of $45.7 million ($40.7 million at December 31, 2022) and, due to this contractual restriction, we have classified these amounts as restricted cash. At June 30, 2023, we held $433.5 million of restricted cash ($221.2 million represented restricted cash held for customers and $165.1 million represented accrued liabilities). At December 31, 2022, we held $438.5 million of restricted cash ($229.3 million represented restricted cash held for customers and $156.3 million represented accrued liabilities). The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows. June 30, December 31, (In millions) 2023 2022 Cash and cash equivalents $ 890.1 972.0 Restricted cash 433.5 438.5 Total, cash, cash equivalents, and restricted cash in the condensed consolidated statements of cash flows $ 1,323.6 1,410.5

Contingent matters

Contingent matters	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingent matters	Contingent matters In August 2020, the Company received a subpoena issued in connection with an investigation being conducted by the U.S. Department of Justice (the “DOJ”). The Company is fully cooperating with the investigation and has responded to requests from the DOJ for documents and other information, primarily related to cross-border shipments of cash and things of value and anti-money laundering compliance. Given that the investigation is still ongoing and that no civil or criminal claims have been brought to date, the Company cannot predict the outcome of the investigation, the timing of the ultimate resolution of the matter, or reasonably estimate the possible range of loss, if any, that may result from this matter. Accordingly, no accruals have been made with respect to this matter. At the end of the fourth quarter of 2018, we became aware of an investigation initiated by the Chilean Fiscalía Nacional Económica (the Chilean antitrust agency) (“FNE”) related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. In October 2021, the FNE filed a complaint before the Chilean antitrust court alleging that Brink’s Chile (as well as competitor companies) engaged in collusion in 2017 and 2018 and requested that the court approve a fine of $30.5 million. The Company filed its response to the complaint in November 2022, which signaled the beginning of the evidentiary phase. The Company intends to vigorously defend itself against the FNE's complaint. Based on available information to date, the Company recorded a charge of $9.5 million in the third quarter of 2021 in connection with this matter. In 2022, we recognized an additional $1.4 million adjustment and, in the first six months of 2023, we recognized an additional $0.4 million adjustment to our estimated loss. The adjustments resulted from a change in currency rates. In addition, we are involved in various other lawsuits and claims in the ordinary course of business. We are not able to estimate the loss or range of losses for some of these matters. We have recorded accruals for losses that are considered probable and reasonably estimable. Except as otherwise noted, we do not believe that it is reasonably possible the ultimate disposition of any of the lawsuits currently pending against the Company could have a material adverse effect on our liquidity, financial position or results of operations.

Reorganization and Restructurin

Reorganization and Restructuring	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Reorganization and Restructuring	Reorganization and Restructuring 2022 Global Restructuring Plan In the first quarter of 2023, management completed the review and approval of remaining actions included in the previously announced restructuring plan across our global business operations. The actions were taken to enable growth, reduce costs and related infrastructure, and to mitigate the potential impact of external economic conditions. In total, we have recognized $32.3 million in charges under the program, including $10.1 million in the first six months of 2023. We expect total expenses from the program to be between $42 million and $48 million. The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of the 2022 Global Restructuring Plan: (In millions) Severance Costs Other Total Balance as of January 1, 2023 $ 11.5 — 11.5 Expense 8.5 1.6 10.1 Payments and utilization (11.9) (1.6) (13.5) Foreign currency exchange effects 0.4 — 0.4 Balance as of June 30, 2023 $ 8.5 — 8.5 Other Restructurings Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized net costs of $14.4 million in the first six months of 2022, primarily severance costs. We recognized $4.1 million in net costs in the first six months of 2023, primarily severance costs. The majority of the costs in both the 2023 and 2022 periods resulted from the exit of a line of business in a specific geography with most of the remaining costs due to management initiatives to address the COVID-19 pandemic.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to Brink’s	$ 32.1	$ 35.1	$ 47.1	$ 106.4

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of presentation (Policies

Basis of presentation (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates In accordance with 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 condensed consolidated financial statements. Actual results could differ materially from these estimates. The most significant estimates are related to goodwill, intangibles and other long-lived assets, pension and other retirement benefit assets and obligations, legal contingencies, allowance for doubtful accounts, deferred tax assets and purchase price allocations. In the first quarter of 2022, we further refined our global methodology of estimating the allowance for doubtful accounts. Our updated method not only reviews historical loss rates and identifies high risk customer accounts but now also includes an estimated allowance for accounts receivable significantly past due in order to adjust for at-risk receivables not captured in our previous method. As part of the analysis under the updated estimation methodology, we recorded an additional allowance of $16.7 million in the first quarter of 2022. In the second quarter of 2022, the additional allowance was reduced by $0.4 million as a result of collections. Due to the fact that management had excluded this amount when evaluating internal performance, we excluded it from segment results. There was no additional impact in the first six months of 2023.
Consolidation	Consolidation The condensed consolidated financial statements include our controlled subsidiaries. Control is determined based on ownership rights or, when applicable, based on whether we are considered to be the primary beneficiary of a variable interest entity. See "Venezuela" section below for further information. For controlled subsidiaries that are not wholly-owned, the noncontrolling interests are included in net income and in total equity. Investments in businesses that we do not control, but for which we have the ability to exercise significant influence over operating and financial policies, are accounted for under the equity method and our proportionate share of income or loss is recorded in other operating income (expense). Investments in businesses for which we do not have the ability to exercise significant influence over operating and financial policies are accounted for at fair value, if readily determinable, with changes in fair value recognized in net income. For equity investments that do not have a readily determinable fair value, we measure these investments at cost minus impairment, if any, plus or minus changes from observable price changes. All intercompany accounts and transactions have been eliminated in consolidation.
Foreign Currency Translation	Foreign Currency Translation Our condensed consolidated financial statements are reported in U.S. dollars. Our foreign subsidiaries maintain their records primarily in the currency of the country in which they operate. The method of translating local currency financial information into U.S. dollars depends on whether the economy in which our foreign subsidiary operates has been designated as highly inflationary or not. Economies with a three-year cumulative inflation rate of more than 100% are considered highly inflationary. Assets and liabilities of foreign subsidiaries in non-highly inflationary economies are translated into U.S. dollars using rates of exchange at the balance sheet date. Translation adjustments are recorded in other comprehensive income (loss). Revenues and expenses are translated at rates of exchange in effect during the year. Transaction gains and losses are recorded in net income. Foreign subsidiaries that operate in highly inflationary countries use the U.S. dollar as their functional currency. Local currency monetary assets and liabilities are remeasured into U.S. dollars using rates of exchange as of each balance sheet date, with remeasurement adjustments and other transaction gains and losses recognized in earnings. Other than nonmonetary equity securities, nonmonetary assets and liabilities do not fluctuate with changes in local currency exchange rates to the dollar. For nonmonetary equity securities traded in highly inflationary economies, the fair market value of the equity securities are remeasured at the current exchange rates to determine gain or loss to be recorded in net income. Revenues and expenses are translated at rates of exchange in effect during the year. Argentina We operate in Argentina through wholly owned subsidiaries and a smaller controlled subsidiary (together "Brink's Argentina"). Revenues from Brink's Argentina represented approximately 4% of our consolidated revenues for the first six months of 2023 and 5% of our consolidated revenues for the first six months of 2022. The operating environment in Argentina continues to present business challenges, including ongoing devaluation of the Argentine peso and significant inflation. In the first six months of 2023 and 2022, the Argentine peso declined approximately 30% (from 178.6 to 256.4 pesos to the U.S. dollar) and approximately 18% (from 103.1 to 125.0 pesos to the U.S. dollar), respectively. For the year ended December 31, 2022, the Argentine peso declined approximately 42% (from 103.1 to 178.6 pesos to the U.S. dollar). Beginning July 1, 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, we consolidated Brink's Argentina using our accounting policy for subsidiaries operating in highly inflationary economies beginning with the third quarter of 2018. Argentine peso-denominated monetary assets and liabilities are remeasured at each balance sheet date using the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In the first six months of 2023, we recognized a $18.2 million pretax remeasurement loss. In the first six months of 2022, we recognized a $13.4 million pretax remeasurement loss. At June 30, 2023, Argentina's economy remains highly inflationary for accounting purposes. At June 30, 2023, we had net monetary assets denominated in Argentine pesos of $29.5 million (including cash of $24.7 million). At June 30, 2023, we had net nonmonetary assets of $210.7 million (including $99.8 million of goodwill, $1.9 million in equity securities denominated in Argentine pesos and $71.6 million in debt securities denominated in Argentine pesos). At December 31, 2022, we had net monetary assets denominated in Argentine pesos of $66.2 million (including cash of $57.7 million) and net nonmonetary assets of $168.2 million (including $99.8 million of goodwill, $1.9 million in equity securities denominated in Argentine pesos and $27.4 million in debt securities denominated in Argentine pesos). During September 2019, the Argentine government announced currency controls on both companies and individuals. The Argentine central bank issued details as to how the exchange control procedures would operate in practice. Under these procedures, central bank approval is required for many transactions, including dividend repatriation abroad. We have previously elected to use other market mechanisms to convert Argentine pesos into U.S. dollars. Conversions under these other market mechanisms generally settle at rates that are less favorable than the rates at which we remeasure the financial statements of Brink’s Argentina. We did not have any such conversions or related conversion losses in the six months ended June 30, 2023 or June 30, 2022. Although the Argentine government has implemented currency controls, Brink’s management continues to provide guidance and strategic oversight, including budgeting and forecasting for Brink’s Argentina. We continue to control our Argentina business for purposes of consolidation of our financial statements and continue to monitor the situation in Argentina. Venezuela Our Venezuelan operations offer transportation and route-based logistics management services for cash and valuables throughout Venezuela. Currency exchange regulations, combined with other government regulations, such as price controls and strict labor laws, significantly limit our ability to make and execute operational decisions at our Venezuelan subsidiaries. As a result of these conditions, we do not meet the accounting criteria for control over our Venezuelan operations and, as a result, we report the results of our investment in our Venezuelan subsidiaries using the cost method of accounting, the basis of which approximates zero. Prior to the imposition of the U.S. government sanctions in 2019, we provided immaterial amounts of financial support to our Venezuela operations. We continue to monitor the situation in Venezuela, including the imposition of sanctions by the U.S. government targeting Venezuela.
Goodwill	Goodwill Goodwill is recognized for the excess of the purchase price over the fair value of tangible and identifiable intangible net assets of businesses acquired. We review goodwill for impairment annually, as of October 1, and whenever events or circumstances in interim periods indicate that it is more likely than not that an impairment may have occurred. Impairment indicators were reviewed as of June 30, 2023 and we concluded that there were no indicators that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We will continue to monitor results in future periods to determine whether any indicators of impairment exist that would cause us to perform an impairment review.
Restricted Cash	Restricted CashIn France and Malaysia, we offer services to certain of our customers where we manage some or all of their cash supply chains. In connection with these offerings, we take temporary title to certain customers' cash, which is included as restricted cash in our financial statements due to customer agreement or regulation.

Revenue from contracts with c_2

Revenue from contracts with customers (Policies)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	For performance obligations related to the services described above, we generally satisfy our obligations as each action to provide the service to the customer occurs. Because the customers simultaneously receive and consume the benefits from our services, these performance obligations are deemed to be satisfied over time. We use an output method, units of service provided, to recognize revenue because that is the best method to represent the transfer of our services to the customer at the agreed upon rate for each action. Although not as significant as our service offerings, we also sell goods to customers from time to time, such as safe devices. In those transactions, we satisfy our performance obligation at a point in time. We recognize revenue when the goods are delivered to the customer as that is the point in time that best represents when control has transferred to the customer. Our contracts with customers describe the services we can provide along with the fees for each action to provide the service. We typically send invoices to customers for all of the services we have provided within a monthly period and payments are generally due within 30 to 60 days of the invoice date. Although our customer contracts specify the fees for each action to provide service, the majority of the services stated in our contracts do not have a defined quantity over the contract term. Accordingly, the transaction price is considered variable as there is an unknown volume of services that will be rendered over the course of the contract. We recognize revenue for these services in the period in which they are provided to the customer based on the contractual rate at which we have the right to invoice the customer for each action. Some of our contracts with customers contain clauses that define the level of service that the customer will receive. The service level agreements (“SLA”) within those contracts contain specific calculations to determine whether the appropriate level of service has been met within a specific period, which is typically a month. We estimate SLA penalties and recognize the amounts as a reduction to revenue. Taxes collected from customers and remitted to governmental authorities are not included in revenues in the condensed consolidated statements of operations. Certain of our high-value services involve the leasing of assets, such as safes, to our customers along with the regular servicing of those safe devices. Revenues related to the leasing of these assets are recognized in accordance with applicable lease guidance, but are included in the above table as the amounts are a small percentage of overall revenues. Contract Balances Contract Assets Although payment terms and conditions can vary, for the majority of our customer contracts, we invoice for all of the services provided to the customer within a monthly period. For certain customer contracts, the timing of our performance may precede our right to invoice the customer for the total transaction price. For example, Brink's affiliates in certain countries, primarily in Latin America, negotiate annual price adjustments with certain customers and, once the price increases are finalized, the pricing changes are made retroactive to services provided in earlier periods. These retroactive pricing adjustments are estimated and recognized as revenue with a corresponding contract asset in the same period in which the related services are performed. As the estimate of the ultimate transaction price changes, we recognize a cumulative catch-up adjustment for the change in estimate. In our Rest of World segment, certain Brink's affiliates provide services to specific customers and, per contract, a portion of the consideration is retained by the customers until the contract is completed. The retention amounts are reported as contract assets until we have the right to bill the customer for these amounts. Contract assets expected to be collected within one year ($6.7 million at June 30, 2023) are included in prepaid expenses and other on the condensed consolidated balance sheet. Amounts not expected to be billed and collected within one year ($8.7 million at June 30, 2023) are reported in other assets on the condensed consolidated balance sheet. Contract Liabilities For other customer contracts, we may obtain the right to payment or receive customer payments prior to performing the related services under the contract. When the right to customer payments or receipt of payments precedes our performance, we recognize a contract liability, which is included in accrued liabilities on the condensed consolidated balance sheet. The amount of revenue recognized in the six months ended June 30, 2023 that was included in the January 1, 2023 contract liabilities balance was $10.2 million. This revenue consists of services provided to customers who had prepaid for those services prior to the current year. Revenue recognized in the six months ended June 30, 2023 from performance obligations satisfied in the prior year was not significant. This revenue is a result of changes in the transaction price of our contracts with customers. Contract Costs Sales commissions directly related to obtaining new contracts with customers are capitalized when incurred and are then amortized to expense ratably over the term of the contracts. At June 30, 2023, the net capitalized costs to obtain contracts was included in other assets on the condensed consolidated balance sheet. The capitalized amounts at June 30, 2023 and December 31, 2022 were $3.9 million and $3.7 million, respectively. The amortization expense in the first six months of 2023 and 2022 was $1.0 million and $0.6 million, respectively. Practical Expedients For the majority of our contracts with customers, we invoice a fixed amount for each unit of service we have provided. These contracts provide us with the right to invoice for an amount or rate that corresponds to the value we have delivered to our customers. The volume of services that will be provided to customers over the term is not known at inception of these contracts. Therefore, while the rate per unit of service is known, the transaction price itself is variable. For this reason, we recognize revenue from these contracts equal to the amount for which we have the contractual right to invoice the customers. Because we are not required to estimate variable consideration related to the transaction price in order to recognize revenue, we are also not required to estimate the variable consideration to provide certain disclosures. As a result, we have elected to use the optional exemption related to the disclosure of transaction prices, amounts allocated to remaining performance obligations and the future periods in which revenue will be recognized, sometimes referred to as backlog. We have also elected to use the practical expedient for financing components related to our contract liabilities. We do not recognize interest expense on contracts for which the period between our receipt of customer payments and our service to the customer is one year or less.

Revenue from contracts with c_3

Revenue from contracts with customers (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue Disaggregated by Reportable Segment and Type of Service (In millions) Cash and Valuables Management DRS and AMS Total Three months ended June 30, 2023 Reportable Segments: North America $ 303.0 94.4 397.4 Latin America 289.0 44.9 333.9 Europe 186.7 99.2 285.9 Rest of World 184.9 14.1 199.0 Total reportable segments $ 963.6 252.6 1,216.2 Three months ended June 30, 2022 Reportable Segments: North America $ 302.0 99.6 401.6 Latin America 276.3 30.0 306.3 Europe 185.5 41.2 226.7 Rest of World 189.0 10.3 199.3 Total reportable segments $ 952.8 181.1 1,133.9 Six months ended June 30, 2023 Reportable Segments: North America $ 611.0 188.3 799.3 Latin America 563.3 86.1 649.4 Europe 366.8 187.8 554.6 Rest of World 371.4 26.9 398.3 Total reportable segments $ 1,912.5 489.1 2,401.6 Six months ended June 30, 2022 Reportable Segments: North America $ 587.0 183.4 770.4 Latin America 540.5 57.1 597.6 Europe 371.1 77.7 448.8 Rest of World 370.6 20.5 391.1 Total reportable segments $ 1,869.2 338.7 2,207.9
Contract with Customer, Asset and Liability	The opening and closing balances of receivables, contract assets and contract liabilities related to contracts with customers are as follows: (In millions) Receivables Contract Assets Contract Liabilities Opening (January 1, 2023) $ 862.2 12.6 17.0 Closing (June 30, 2023) 851.0 15.4 15.0 Increase (decrease) $ (11.2) 2.8 (2.0)

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Reconciliation of Revenue and Operating Profit from Segments to Consolidated	The following table summarizes our revenues and segment profit for each of our reportable segments and reconciles these amounts to consolidated revenues and operating profit: Revenues Operating Profit Three Months Ended June 30, Three Months Ended June 30, (In millions) 2023 2022 2023 2022 Reportable Segments: North America $ 397.4 401.6 37.5 34.1 Latin America 333.9 306.3 65.9 64.7 Europe 285.9 226.7 29.3 22.4 Rest of World 199.0 199.3 41.3 39.5 Total reportable segments 1,216.2 1,133.9 174.0 160.7 Reconciling Items: Corporate expenses: General, administrative and other expenses — — (47.3) (39.9) Foreign currency transaction gains — — 4.8 3.4 Reconciliation of segment policies to GAAP (a) — — 0.3 (0.2) Other items not allocated to segments: Reorganization and Restructuring (b) — — — (2.7) Acquisitions and dispositions (c) — — (15.0) (15.4) Argentina highly inflationary impact (d) — — (11.0) (9.0) Change in allowance estimate (e) — — — 0.4 Chile antitrust matter (f) — — (0.2) (0.8) Total $ 1,216.2 1,133.9 $ 105.6 96.5 Revenues Operating Profit Six Months Ended June 30, Six Months Ended June 30, (In millions) 2023 2022 2023 2022 Reportable Segments: North America $ 799.3 770.4 76.1 58.5 Latin America 649.4 597.6 132.5 127.7 Europe 554.6 448.8 51.3 37.2 Rest of World 398.3 391.1 78.6 72.6 Total reportable segments 2,401.6 2,207.9 338.5 296.0 Reconciling Items: Corporate expenses: General, administrative and other expenses — — (89.9) (68.4) Foreign currency transaction gains — — 9.9 5.8 Reconciliation of segment policies to GAAP (a) — — 0.7 2.7 Other items not allocated to segments: Reorganization and Restructuring (b) — — (14.2) (14.4) Acquisitions and dispositions (c) — — (37.0) (30.6) Argentina highly inflationary impact (d) — — (22.2) (15.1) Change in allowance estimate (e) — — — (16.3) Chile antitrust matter (f) — — (0.4) (0.8) Total $ 2,401.6 2,207.9 $ 185.4 158.9 (a) This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP. (b) Management periodically implements restructuring actions in targeted sections of our business. Due to the unique circumstances around the charges related to these actions, they have not been allocated to segment results. (c) Certain acquisition and disposition items that are not considered part of the ongoing activities of the business and are special in nature are consistently excluded from segment results. These items include amortization expense for acquisition-related intangible assets and integration, transaction and restructuring costs related to business acquisitions. (d) We have designated Argentina's economy as highly inflationary for accounting purposes. Currency remeasurement gains and losses related to peso-denominated monetary assets and liabilities as well as incremental expense related to nonmonetary assets are excluded from segment results. (e) Represents impact of a change in our methodology to estimate our allowance for doubtful accounts in the first quarter of 2022. See Note 1 for further details. (f) See details regarding the Chile antitrust matter at Note 14.

Retirement benefits (Tables)

Retirement benefits (Tables)	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension cost for our pension plans were as follows: U.S. Plans Non-U.S. Plans Total (In millions) 2023 2022 2023 2022 2023 2022 Three months ended June 30, Service cost $ — — 1.9 2.0 1.9 2.0 Interest cost on projected benefit obligation 8.1 5.7 4.5 3.3 12.6 9.0 Return on assets – expected (11.8) (12.3) (2.7) (3.4) (14.5) (15.7) Amortization of losses 0.4 6.3 0.4 0.5 0.8 6.8 Settlement loss — — 0.2 0.1 0.2 0.1 Net periodic pension cost $ (3.3) (0.3) 4.3 2.5 1.0 2.2 Six months ended June 30, Service cost $ — — 3.7 4.1 3.7 4.1 Interest cost on projected benefit obligation 16.2 11.4 8.9 6.6 25.1 18.0 Return on assets – expected (23.6) (24.4) (5.5) (6.3) (29.1) (30.7) Amortization of losses 0.9 12.1 0.8 1.0 1.7 13.1 Settlement loss — — 0.3 0.5 0.3 0.5 Net periodic pension cost $ (6.5) (0.9) 8.2 5.9 1.7 5.0
Schedule of Costs of Retirement Plans	The components of net periodic postretirement cost related to retirement benefits other than pensions were as follows: UMWA Plans Black Lung and Other Plans Total (In millions) 2023 2022 2023 2022 2023 2022 Three months ended June 30, Service cost $ — — 0.1 0.1 0.1 0.1 Interest cost on accumulated postretirement benefit obligations 2.7 2.6 1.3 0.9 4.0 3.5 Return on assets – expected (2.6) (3.3) — — (2.6) (3.3) Amortization of losses 1.2 2.2 1.2 1.8 2.4 4.0 Amortization of prior service cost (2.8) (1.1) — (0.1) (2.8) (1.2) Net periodic postretirement cost $ (1.5) 0.4 2.6 2.7 1.1 3.1 Six months ended June 30, Service cost $ — — 0.2 0.1 0.2 0.1 Interest cost on accumulated postretirement benefit obligations 5.7 5.3 2.6 1.8 8.3 7.1 Return on assets – expected (5.2) (6.6) — — (5.2) (6.6) Amortization of losses 2.9 5.3 2.3 3.7 5.2 9.0 Amortization of prior service cost (5.5) (2.3) — (0.1) (5.5) (2.4) Net periodic postretirement cost $ (2.1) 1.7 5.1 5.5 3.0 7.2

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Continuing operations Provision (benefit) for income taxes (in millions) $ 23.4 29.3 $ 43.7 (11.8) Effective tax rate 39.9 % 43.4 % 45.3 % (11.7 %)

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	(In millions) Estimated Fair Value at Acquisition Date Fair value of purchase consideration Cash paid, excluding contingent consideration $ 178.9 Contingent consideration at acquisition-date fair value (a) 14.8 Fair value of purchase consideration $ 193.7 Fair value of net assets acquired Cash $ 6.8 Restricted cash 12.1 Accounts receivable 27.3 Other current assets 14.5 Property and equipment, net 37.9 Intangible assets (b) 84.2 Goodwill (c) 62.5 Other noncurrent assets 6.6 Current liabilities (36.3) Other noncurrent liabilities (21.9) Fair value of net assets acquired $ 193.7 (a) The contingent consideration has two components. The largest component was based on post-acquisition collections of ATM tax rate rebates from municipal governments in the U.K. The consideration was estimated at $10.5 million at the acquisition date. Through June 30, 2023, approximately $9 million has been paid to the seller for this component. The smaller component was based on post-acquisition increases in the ATM cash withdrawal interchange fees through June 30, 2023. The consideration was estimated at $4.3 million at the acquisition date. The post-acquisition fee increases did not occur and the liability was derecognized in the second quarter of 2023 resulting in a $4.8 million gain classified as other operating income (expense) in the condensed consolidated statements of operations. (b) Intangible assets are composed of customer relationships ($47 million fair value and 13 year amortization period), developed technology ($27 million fair value and 12 year amortization period) and a trade name ($10 million fair value and 5 year amortization period). (c) Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating NoteMachine's operations with our existing Brink's operations. Goodwill of $62 million has been assigned to the Europe reporting unit and goodwill of $1 million has been assigned to the North America reporting unit. We do not expect goodwill in these reporting units to be deductible for tax purposes.
Business Acquisition, Pro Forma Information	Below are the actual results included in Brink's consolidated results for the businesses we acquired in 2022 and the first six months of 2023. (In millions) Revenue Net income attributable to Brink's Three months ended June 30, 2023 NoteMachine $ 34.1 1.2 Total $ 34.1 1.2 Three months ended June 30, 2022 NoteMachine $ — — Total $ — — Six months ended June 30, 2023 NoteMachine $ 68.2 0.1 Total $ 68.2 0.1 Six months ended June 30, 2022 NoteMachine $ — — Total $ — — The pro forma consolidated results of Brink's presented below reflect a hypothetical ownership as of January 1, 2021 for the businesses we acquired during 2022. (In millions) Revenue Net income attributable to Brink's Pro forma results of Brink's for the three months ended June 30, 2023 Brink's as reported $ 1,216.2 32.1 NoteMachine (a) — — Total $ 1,216.2 32.1 2022 Brink's as reported $ 1,133.9 35.1 NoteMachine (a) 37.2 5.9 Total $ 1,171.1 41.0 Pro forma results of Brink's for the six months ended June 30, 2023 Brink's as reported $ 2,401.6 47.1 NoteMachine (a) — — Total $ 2,401.6 47.1 2022 Brink's as reported $ 2,207.9 106.4 NoteMachine (a) 73.2 6.5 Total $ 2,281.1 112.9 (a) Represents amounts prior to acquisition by Brink's.

Accumulated other comprehensi_2

Accumulated other comprehensive income (loss) (Tables)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss)	Other comprehensive income (loss), including the amounts reclassified from accumulated other comprehensive loss into earnings, was as follows: Amounts Arising During Amounts Reclassified to (In millions) Pretax Income Pretax Income Total Other Three months ended June 30, 2023 Amounts attributable to Brink's: Benefit plan adjustments $ (3.2) 0.6 0.8 (0.3) (2.1) Foreign currency translation adjustments (b) 20.2 1.9 (1.5) 0.4 21.0 Unrealized gains (losses) on available-for-sale securities 2.3 (0.8) — — 1.5 Gains (losses) on cash flow hedges 16.7 (2.5) (1.0) (0.3) 12.9 36.0 (0.8) (1.7) (0.2) 33.3 Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (3.0) — — — (3.0) (3.0) — — — (3.0) Total Benefit plan adjustments (a) (3.2) 0.6 0.8 (0.3) (2.1) Foreign currency translation adjustments (b) 17.2 1.9 (1.5) 0.4 18.0 Unrealized gains (losses) on available-for-sale securities (c) 2.3 (0.8) — — 1.5 Gains (losses) on cash flow hedges (d) 16.7 (2.5) (1.0) (0.3) 12.9 $ 33.0 (0.8) (1.7) (0.2) 30.3 Three months ended June 30, 2022 Amounts attributable to Brink's: Benefit plan adjustments $ 1.9 (0.1) 9.6 (2.3) 9.1 Foreign currency translation adjustments (b) (56.1) 4.8 (1.5) 0.3 (52.5) Unrealized losses on available-for-sale securities (0.3) (0.1) — — (0.4) Gains (losses) on cash flow hedges 15.0 (3.9) (3.2) 1.3 9.2 (39.5) 0.7 4.9 (0.7) (34.6) Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (5.0) — — — (5.0) (5.0) — — — (5.0) Total Benefit plan adjustments (a) 1.9 (0.1) 9.6 (2.3) 9.1 Foreign currency translation adjustments (b) (61.1) 4.8 (1.5) 0.3 (57.5) Unrealized losses on available-for-sale securities (c) (0.3) (0.1) — — (0.4) Gains (losses) on cash flow hedges (d) 15.0 (3.9) (3.2) 1.3 9.2 $ (44.5) 0.7 4.9 (0.7) (39.6) Amounts Arising During Amounts Reclassified to (In millions) Pretax Income Pretax Income Total Other Six months ended June 30, 2023 Amounts attributable to Brink's: Benefit plan adjustments $ (3.7) 0.5 1.4 (0.4) (2.2) Foreign currency translation adjustments (b) 64.8 2.0 (2.9) 0.7 64.6 Unrealized gains (losses) on available-for-sale securities 0.4 (0.1) — — 0.3 Gains (losses) on cash flow hedges 8.3 (0.1) (1.3) (0.5) 6.4 69.8 2.3 (2.8) (0.2) 69.1 Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (2.8) — — — (2.8) (2.8) — — — (2.8) Total Benefit plan adjustments (a) (3.7) 0.5 1.4 (0.4) (2.2) Foreign currency translation adjustments (b) 62.0 2.0 (2.9) 0.7 61.8 Unrealized gains (losses) on available-for-sale securities (c) 0.4 (0.1) — — 0.3 Gains (losses) on cash flow hedges (d) 8.3 (0.1) (1.3) (0.5) 6.4 $ 67.0 2.3 (2.8) (0.2) 66.3 Six months ended June 30, 2022 Amounts attributable to Brink's: Benefit plan adjustments $ 1.0 0.1 19.7 (4.7) 16.1 Foreign currency translation adjustments (b) (21.0) 4.4 (3.0) 0.7 (18.9) Unrealized losses on available-for-sale securities (0.7) (0.1) — — (0.8) Gains (losses) on cash flow hedges 13.8 (1.8) 11.4 (3.5) 19.9 (6.9) 2.6 28.1 (7.5) 16.3 Amounts attributable to noncontrolling interests: Foreign currency translation adjustments (6.5) — — — (6.5) (6.5) — — — (6.5) Total Benefit plan adjustments (a) 1.0 0.1 19.7 (4.7) 16.1 Foreign currency translation adjustments (b) (27.5) 4.4 (3.0) 0.7 (25.4) Unrealized losses on available-for-sale securities (c) (0.7) (0.1) — — (0.8) Gains (losses) on cash flow hedges (d) 13.8 (1.8) 11.4 (3.5) 19.9 $ (13.4) 2.6 28.1 (7.5) 9.8 (a) The amortization of actuarial losses and prior service cost is part of total net periodic retirement benefit cost when reclassified to net income. Net periodic retirement benefit cost also includes service cost, interest cost, expected return on assets, and settlement losses. Total service cost is allocated between cost of revenues and selling, general and administrative expenses on a plan-by-plan basis and the remaining net periodic retirement benefit cost items are allocated to interest and other nonoperating expense: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2023 2022 2023 2022 Total net periodic retirement benefit cost included in: Cost of revenues $ 1.5 1.7 $ 2.9 3.3 Selling, general and administrative expenses 0.5 0.4 1.0 0.9 Interest and other nonoperating expense 0.1 3.2 0.8 8.0 (b) 2023 foreign currency translation adjustment amounts arising during the three months ended June 30, 2023 reflect primarily the appreciation of the Mexican peso, the Brazilian real, the euro, and the British pound. 2022 foreign currency translation adjustment amounts arising during the three months ended June 30, 2022 reflect primarily the devaluation of the British pound, the Brazilian real, and the Chilean peso. 2023 foreign currency translation adjustment amounts arising during the six months ended June 30, 2023 reflect primarily the appreciation of the Mexican peso, the Brazilian real, the euro, and the British pound. 2022 foreign currency translation adjustment amounts arising during the six months ended June 30, 2022 reflect primarily the devaluation of the British pound and the euro, partially offset by the appreciation of the Brazilian real. (c) Gains and losses on sales of available-for-sale debt securities are reclassified from accumulated other comprehensive income (loss) to the condensed consolidated statements of operations when the gains or losses are realized. Pretax amounts are classified in the condensed consolidated statements of operations as interest and other income (expense). (d) Pretax gains and losses on cash flow hedges are classified in the condensed consolidated statements of operations as: • ot her operating income (expense) ($3.8 million loss in the three months ended June 30, 2023 and $5.3 million gain in the three months ended June 30, 2022; as well as $7.2 million loss in the six months ended June 30, 2023 and $6.5 million loss in the six months ended June 30, 2022). • interest expense ($4.8 million reduction to expense in the three months ended June 30, 2023 and $2.1 million of expense in the three months ended June 30, 2022; as well as $8.5 million reduction to expense in the six months ended June 30, 2023 and $4.9 million of expense in the six months ended June 30, 2022).
Reclassification Out of Accumulated Other Comprehensive Income	The changes in accumulated other comprehensive loss attributable to Brink’s are as follows: (In millions) Benefit Plan Adjustments Foreign Currency Translation Adjustments Unrealized Losses on Available-for-Sale Securities Gains (Losses) on Cash Flow Hedges Total Balance as of December 31, 2022 $ (290.7) (433.8) (0.6) 24.6 (700.5) Other comprehensive income (loss) before reclassifications (3.2) 66.8 0.3 8.2 72.1 Amounts reclassified from accumulated other comprehensive loss to net income 1.0 (2.2) — (1.8) (3.0) Other comprehensive income (loss) attributable to Brink's (2.2) 64.6 0.3 6.4 69.1 Balance as of June 30, 2023 $ (292.9) (369.2) (0.3) 31.0 (631.4)

Fair value of financial instr_2

Fair value of financial instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The fair value and carrying value of our material fixed-rate debt, excluding any unamortized debt issuance costs, are as follows: (In millions) June 30, 2023 December 31, 2022 $600 million senior unsecured notes Carrying value $ 600.0 600.0 Fair value 534.7 528.7 $400 million senior unsecured notes Carrying value 400.0 400.0 Fair value 372.0 369.0
Derivatives Not Designated as Hedging Instruments	Amounts under these contracts were recognized in other operating income (expense) as follows: Three Months Six Months (in millions) 2023 2022 2023 2022 Derivative instrument gains included in other operating income (expense) $ 10.4 14.1 $ 18.6 33.0
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location	Amounts under this contract were recognized in other operating income (expense) to offset transaction gains or losses and in interest expense as follows: Three Months Six Months (In millions) 2023 2022 2023 2022 Derivative instrument gains (losses) included in other operating income (expense) $ (3.8) 5.3 $ (7.2) (6.5) Offsetting transaction gains (losses) 3.8 (5.3) 7.2 6.5 Derivative instrument losses included in interest expense (0.2) (0.3) (0.5) (0.7) Net derivative instrument gains (losses) (4.0) 5.0 (7.7) (7.2)
Schedule of Interest Rate Derivatives	The effect of the interest rate swaps and the amortization of the spot-forward difference on the net investment hedges cross currency swaps is included in interest expense as follows: Three Months Six Months (In millions) 2023 2022 2023 2022 Interest rate swaps designated as cash flow hedges $ (5.0) 1.8 (9.0) 4.2 Cross currency swaps designated as net investment hedges (1.5) (1.6) (2.9) (3.1) Net derivative instrument (gains) losses included in interest expense $ (6.5) 0.2 (11.9) 1.1

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	June 30, December 31, (In millions) 2023 2022 Debt: Short-term borrowings $ 127.5 47.2 Total short-term borrowings $ 127.5 47.2 Long-term debt Bank credit facilities: Term loan A (a) $ 1,360.5 1,377.4 Senior unsecured notes (b) 993.2 992.1 Revolving Credit Facility 620.5 646.9 Other (c) 151.6 147.0 Financing leases 215.3 192.2 Total long-term debt $ 3,341.1 3,355.6 Total debt $ 3,468.6 3,402.8 Included in: Current liabilities $ 217.4 129.6 Noncurrent liabilities 3,251.2 3,273.2 Total debt $ 3,468.6 3,402.8 (a) Amounts outstanding are net of unamortized debt costs of $4.5 million as of June 30, 2023 and $5.1 million as of December 31, 2022. (b) Amounts outstanding are net of unamortized debt costs of $6.8 million as of June 30, 2023 and $7.9 million as of December 31, 2022. (c) Other facilities include $99.4 million related to the Brink's Capital credit facility at June 30, 2023, compared to $106.8 million at December 31, 2022. The facility had $3,241.8 million in borrowings and $3,249.3 million in repayments in the first six months of 2023, which is reflected in the long-term revolving credit facilities movement in the condensed consolidated statements of cash flows.

Credit losses (Tables)

Credit losses (Tables)	6 Months Ended
	Jun. 30, 2023
Allowance for Credit Loss [Abstract]
Accounts Receivable, Allowance for Credit Loss	Allowance for doubtful accounts: (In millions) December 31, 2022 $ 38.3 Provision for uncollectible accounts receivable 9.6 Write-offs and recoveries (7.8) Foreign currency exchange effects 0.3 June 30, 2023 $ 40.4

Share-based compensation plans

Share-based compensation plans (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Compensation expense by plan	Compensation expenses are classified as selling, general and administrative expenses in the condensed consolidated statements of operations. Compensation expenses for the share-based awards were as follows: Compensation Expense Compensation Expense Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Performance share units $ 5.0 10.9 $ 12.9 15.8 Restricted stock units 2.9 3.5 5.6 5.4 Deferred stock units and fees paid in stock 0.4 0.4 0.7 0.7 Time-based vesting stock options — 0.1 — 0.2 Cash based awards 0.4 0.7 1.5 1.1 Share-based payment expense 8.7 15.6 20.7 23.2 Income tax benefit (2.0) (3.5) (4.8) (5.3) Share-based payment expense, net of tax $ 6.7 12.1 $ 15.9 17.9
Option activity	The following table summarizes performance-based stock option activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Outstanding balance as of December 31, 2022 446.2 $ 14.70 Exercised (263.4) 12.47 Outstanding balance as of June 30, 2023 182.8 $ 17.92 The following table summarizes time-based stock option activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Outstanding balance as of December 31, 2022 161.6 $ 21.41 Expired — — Outstanding balance as of June 30, 2023 161.6 $ 21.41
Nonvested share activity	The following table summarizes RSU activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Nonvested balance as of December 31, 2022 309.3 $ 67.25 Granted 191.2 65.77 Forfeited (10.6) 65.12 Vested (124.0) 70.07 Nonvested balance as of June 30, 2023 365.9 $ 65.58 The following table summarizes all PSU activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Nonvested balance as of December 31, 2022 726.0 $ 76.66 Granted 234.9 69.07 Forfeited or expired (a) (60.9) 85.21 Vested (b) (171.5) 82.75 Nonvested balance as of June 30, 2023 728.5 $ 72.06 (a) Although the service condition had been met, 31.4 thousand TSR PSUs granted in 2020 expired in accordance with the market condition terms of the underlying award agreement. These units had a weighted average grant-date fair value of $94.52 per share. The following table summarizes all DSU activity during the first six months of 2023: Shares (in thousands) Weighted-Average Grant-Date Fair Value Nonvested balance as of December 31, 2022 19.7 $ 54.74 Granted 19.2 62.43 Vested (18.6) 54.67 Nonvested balance as of June 30, 2023 20.3 $ 62.09

Capital Stock (Tables)

Capital Stock (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Weighted Average Number of Shares	Shares Used to Calculate Earnings per Share Three Months Six Months (In millions) 2023 2022 2023 2022 Weighted-average shares: Basic (a) 46.7 47.4 46.7 47.6 Effect of dilutive stock awards and options 0.6 0.4 0.7 0.4 Diluted 47.3 47.8 47.4 48.0 Antidilutive stock awards and options excluded from denominator (b) 0.4 0.4 0.4 0.7 (a) We have deferred compensation plans for directors and certain of our employees. Some amounts owed to participants are denominated in common stock units. Each unit represents one share of common stock. The number of shares used to calculate basic earnings per share includes the weighted-average common stock units credited to employees and directors under the deferred compensation plans. Additionally, nonvested units containing only a service requirement are also included in the computation of basic weighted-average shares when the requisite service period has been completed. Accordingly, included in basic shares are 0.3 million in the three months and 0.3 million in the six months ended June 30, 2023, and 0.3 million in the three months and 0.3 million in six months ended June 30, 2022.

Supplemental cash flow inform_2

Supplemental cash flow information (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Six Months (In millions) 2023 2022 Cash paid for: Interest $ 110.0 56.8 Income taxes, net 54.7 70.5
Reconciliation of cash, cash equivalents, and restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows. June 30, December 31, (In millions) 2023 2022 Cash and cash equivalents $ 890.1 972.0 Restricted cash 433.5 438.5 Total, cash, cash equivalents, and restricted cash in the condensed consolidated statements of cash flows $ 1,323.6 1,410.5

Reorganization and Restructur_2

Reorganization and Restructuring (Tables)	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of the 2022 Global Restructuring Plan: (In millions) Severance Costs Other Total Balance as of January 1, 2023 $ 11.5 — 11.5 Expense 8.5 1.6 10.1 Payments and utilization (11.9) (1.6) (13.5) Foreign currency exchange effects 0.4 — 0.4 Balance as of June 30, 2023 $ 8.5 — 8.5

Basis of presentation (Details)

Basis of presentation (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) $ / $	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) segment $ / $	Jun. 30, 2022 USD ($) $ / $	Dec. 31, 2022 USD ($) $ / $	Dec. 31, 2021 $ / $
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of operating segments | segment			4
Change in allowance estimate			$ 9.6
Net monetary assets			2,517.3		$ 2,597.4
Cash and cash equivalents			890.1		972
Goodwill			1,467.7		1,450.9
Restricted cash			$ 433.5		$ 438.5
Uncollectible Receivables
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in allowance estimate	$ 0.4	$ 16.7
Argentina, Pesos | Argentina
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percent of consolidated revenue			4%	5%
Rate decrease percent	18%		30%	18%	42%
Official exchange rate | $ / $	125		256.4	125	178.6	103.1
Currency remeasurement loss			$ 18.2	$ 13.4
Net monetary assets			29.5		$ 66.2
Cash and cash equivalents			24.7		57.7
Nonmonetary assets			210.7		168.2
Goodwill			99.8		99.8
Equity securities			1.9		1.9
Debt securities			71.6		27.4
Revolving Credit Facility
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash			$ 45.7		$ 40.7

Revenue from contracts with c_4

Revenue from contracts with customers - disaggregation of revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 1,216.2	$ 1,133.9	$ 2,401.6	$ 2,207.9
Reportable segments
Disaggregation of Revenue [Line Items]
Revenues	1,216.2	1,133.9	2,401.6	2,207.9
Reportable segments | Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenues	963.6	952.8	1,912.5	1,869.2
Reportable segments | DRS and AMS
Disaggregation of Revenue [Line Items]
Revenues	252.6	181.1	489.1	338.7
Reportable segments | North America
Disaggregation of Revenue [Line Items]
Revenues	397.4	401.6	799.3	770.4
Reportable segments | North America | Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenues	303	302	611	587
Reportable segments | North America | DRS and AMS
Disaggregation of Revenue [Line Items]
Revenues	94.4	99.6	188.3	183.4
Reportable segments | Latin America
Disaggregation of Revenue [Line Items]
Revenues	333.9	306.3	649.4	597.6
Reportable segments | Latin America | Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenues	289	276.3	563.3	540.5
Reportable segments | Latin America | DRS and AMS
Disaggregation of Revenue [Line Items]
Revenues	44.9	30	86.1	57.1
Reportable segments | Europe
Disaggregation of Revenue [Line Items]
Revenues	285.9	226.7	554.6	448.8
Reportable segments | Europe | Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenues	186.7	185.5	366.8	371.1
Reportable segments | Europe | DRS and AMS
Disaggregation of Revenue [Line Items]
Revenues	99.2	41.2	187.8	77.7
Reportable segments | Rest of World
Disaggregation of Revenue [Line Items]
Revenues	199	199.3	398.3	391.1
Reportable segments | Rest of World | Cash and valuables management
Disaggregation of Revenue [Line Items]
Revenues	184.9	189	371.4	370.6
Reportable segments | Rest of World | DRS and AMS
Disaggregation of Revenue [Line Items]
Revenues	$ 14.1	$ 10.3	$ 26.9	$ 20.5

Revenue from contracts with c_5

Revenue from contracts with customers - contract balances (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract asset current	$ 6.7
Contract asset noncurrent	8.7
Receivables	851		$ 862.2
Receivable - increase (decrease)	(11.2)
Contract Assets	15.4		12.6
Contract asset increase (decrease)	2.8
Contract Liabilities	15		17
Contract liability - increase (decrease)	(2)
Revenue recognized included in beginning balance	10.2
Capitalized costs to obtain contracts	3.9		$ 3.7
Capitalized cost amortization expense	$ 1	$ 0.6

Segment information (Details)

Segment information (Details) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment				4
Revenues	$ 1,216.2	$ 1,133.9		$ 2,401.6	$ 2,207.9
Operating Profit	105.6	96.5		185.4	158.9
Foreign currency transaction gains				(18.2)	(13.4)
Change in allowance estimate				9.6
Chile Antitrust Matter
Segment Reporting Information [Line Items]
Chile antitrust matter				0.4		$ 1.4
Uncollectible Receivables
Segment Reporting Information [Line Items]
Change in allowance estimate		0.4	$ 16.7
Reportable segments
Segment Reporting Information [Line Items]
Revenues	1,216.2	1,133.9		2,401.6	2,207.9
Operating Profit	174	160.7		338.5	296
Corporate expenses
Segment Reporting Information [Line Items]
General, administrative and other expenses	(47.3)	(39.9)		(89.9)	(68.4)
Foreign currency transaction gains	4.8	3.4		9.9	5.8
Reconciliation of segment policies to GAAP	0.3	(0.2)		0.7	2.7
Other items not allocated to segments
Segment Reporting Information [Line Items]
Reorganization and Restructuring	0	(2.7)		(14.2)	(14.4)
Acquisitions and dispositions	(15)	(15.4)		(37)	(30.6)
Other items not allocated to segments | Chile Antitrust Matter
Segment Reporting Information [Line Items]
Chile antitrust matter	(0.2)	(0.8)		(0.4)	(0.8)
Other items not allocated to segments | Uncollectible Receivables
Segment Reporting Information [Line Items]
Change in allowance estimate	0	0.4		0	(16.3)
Other items not allocated to segments | Argentina
Segment Reporting Information [Line Items]
Argentina highly inflationary impact	(11)	(9)		(22.2)	(15.1)
North America | Reportable segments
Segment Reporting Information [Line Items]
Revenues	397.4	401.6		799.3	770.4
Operating Profit	37.5	34.1		76.1	58.5
Latin America | Reportable segments
Segment Reporting Information [Line Items]
Revenues	333.9	306.3		649.4	597.6
Operating Profit	65.9	64.7		132.5	127.7
Europe | Reportable segments
Segment Reporting Information [Line Items]
Revenues	285.9	226.7		554.6	448.8
Operating Profit	29.3	22.4		51.3	37.2
Rest of World | Reportable segments
Segment Reporting Information [Line Items]
Revenues	199	199.3		398.3	391.1
Operating Profit	$ 41.3	$ 39.5		$ 78.6	$ 72.6

Retirement benefits - Retiremen

Retirement benefits - Retirement Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.9	$ 2	$ 3.7	$ 4.1
Interest cost on projected benefit obligation	12.6	9	25.1	18
Return on assets – expected	(14.5)	(15.7)	(29.1)	(30.7)
Amortization of losses	0.8	6.8	1.7	13.1
Settlement loss	0.2	0.1	0.3	0.5
Net periodic pension cost	1	2.2	1.7	5
Retirement benefits other than pensions
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0.1	0.2	0.1
Interest cost on projected benefit obligation	4	3.5	8.3	7.1
Return on assets – expected	(2.6)	(3.3)	(5.2)	(6.6)
Amortization of losses	2.4	4	5.2	9
Amortization of prior service credit	(2.8)	(1.2)	(5.5)	(2.4)
Net periodic pension cost	1.1	3.1	3	7.2
UMWA Plans | Retirement benefits other than pensions
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost on projected benefit obligation	2.7	2.6	5.7	5.3
Return on assets – expected	(2.6)	(3.3)	(5.2)	(6.6)
Amortization of losses	1.2	2.2	2.9	5.3
Amortization of prior service credit	(2.8)	(1.1)	(5.5)	(2.3)
Net periodic pension cost	(1.5)	0.4	(2.1)	1.7
Black Lung and Other Plans | Retirement benefits other than pensions
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0.1	0.2	0.1
Interest cost on projected benefit obligation	1.3	0.9	2.6	1.8
Return on assets – expected	0	0	0	0
Amortization of losses	1.2	1.8	2.3	3.7
Amortization of prior service credit	0	(0.1)	0	(0.1)
Net periodic pension cost	2.6	2.7	5.1	5.5
U.S. Plans | Pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost on projected benefit obligation	8.1	5.7	16.2	11.4
Return on assets – expected	(11.8)	(12.3)	(23.6)	(24.4)
Amortization of losses	0.4	6.3	0.9	12.1
Settlement loss	0	0	0	0
Net periodic pension cost	(3.3)	(0.3)	(6.5)	(0.9)
Non-U.S. Plans | Pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	1.9	2	3.7	4.1
Interest cost on projected benefit obligation	4.5	3.3	8.9	6.6
Return on assets – expected	(2.7)	(3.4)	(5.5)	(6.3)
Amortization of losses	0.4	0.5	0.8	1
Settlement loss	0.2	0.1	0.3	0.5
Net periodic pension cost	$ 4.3	$ 2.5	$ 8.2	$ 5.9

Income taxes - Schedule of Comp

Income taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes (in millions)	$ 23.4	$ 29.3	$ 43.7	$ (11.8)
Effective tax rate	39.90%	43.40%	45.30%	(11.70%)

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Domestic Tax Authority
Valuation Allowance [Line Items]
Change in valuation allowance, deferred tax asset		$ (55)
Foreign Tax Authority
Valuation Allowance [Line Items]
Change in valuation allowance, deferred tax asset	$ (7)

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquired Entities (Details) - USD ($) $ in Millions			3 Months Ended	6 Months Ended		9 Months Ended	12 Months Ended
	Oct. 03, 2022	Jan. 31, 2022	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jul. 18, 2017
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Restricted cash			$ 433.5	$ 433.5		$ 433.5	$ 438.5
Goodwill			1,467.7	1,467.7		1,467.7	1,450.9
Contingent consideration payment				9.7	$ 2.5
NoteMachine
Business Acquisition [Line Items]
Acquisition date	Oct. 03, 2022
Percentage of shares acquired	100%
Annual revenues								$ 150
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Purchase consideration - cash paid						178.9
Contingent consideration	$ 14.8
Fair value of purchase consideration	193.7
Cash	6.8
Restricted cash	12.1
Accounts receivable	27.3
Other current assets	14.5
Property and equipment, net	37.9
Intangible assets	84.2
Goodwill	62.5
Other noncurrent assets	6.6
Current liabilities	(36.3)
Noncurrent liabilities	(21.9)
Fair value of net assets acquired	193.7
NoteMachine | Post-Acquisition Collection of ATM Tax Rate Rebates
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Contingent consideration	10.5
Contingent consideration payment				9
NoteMachine | ATM Cash Withdrawal Interchange Fees
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Contingent consideration	$ 4.3
Contingent consideration derecognition gain			4.8	4.8
NoteMachine | Europe
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill			62	62		62
NoteMachine | North America
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill			$ 1	1		$ 1
NoteMachine | Customer relationships
Business Acquisition [Line Items]
Remaining Amortization Period	13 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 47
NoteMachine | Developed technology
Business Acquisition [Line Items]
Remaining Amortization Period	12 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 27
NoteMachine | Trade names
Business Acquisition [Line Items]
Remaining Amortization Period	5 years
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 10
Touchpoint 21 LLC
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Fair value of purchase consideration		$ 15
Maco
Business Acquisition [Line Items]
Percentage of shares acquired									100%
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Severance costs				$ 3.3			$ 12.5

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Pro Forma (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Actual revenue results included in consolidation	$ 34.1	$ 0	$ 68.2	$ 0
Actual net income results included in consolidation	1.2	0	0.1	0
Revenues	1,216.2	1,133.9	2,401.6	2,207.9
Net income (loss) attributable to Brink’s	32.1	35.1	47.1	106.4
Pro forma revenue results	1,216.2	1,171.1	2,401.6	2,281.1
Pro forma net income results	32.1	41	47.1	112.9
NoteMachine
Business Acquisition [Line Items]
Actual revenue results included in consolidation	34.1	0	68.2	0
Actual net income results included in consolidation	1.2	0	0.1	0
Pro forma revenue results	0	37.2	0	73.2
Pro forma net income results	$ 0	$ 5.9	$ 0	$ 6.5

Accumulated other comprehensi_3

Accumulated other comprehensive income (loss) - Amounts in OCI (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	$ 33		$ (44.5)		$ 67	$ (13.4)
Amounts Arising During the Current Period, Income Tax	(0.8)		0.7		2.3	2.6
Amounts Reclassified to Net Income (Loss), Pretax	(1.7)		4.9		(2.8)	28.1
Amounts Reclassified to Net Income (Loss), Income Tax	(0.2)		(0.7)		(0.2)	(7.5)
Other comprehensive income (loss)	30.3	$ 36	(39.6)	$ 49.4	66.3	9.8
Cost of revenues	943.8		867.5		1,864.1	1,707.2
Selling, general and administrative expenses	170.6		167.5		347.6	339.1
Interest and other income (expense)	4.1		3.4		8.8	2.1
Other operating income (expense)	(3.8)		2.4		4.5	2.7
Interest expense	51.1		32.4		97.7	60.3
Benefit plan adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(3.2)		1.9		(3.7)	1
Amounts Arising During the Current Period, Income Tax	0.6		(0.1)		0.5	0.1
Amounts Reclassified to Net Income (Loss), Pretax	0.8		9.6		1.4	19.7
Amounts Reclassified to Net Income (Loss), Income Tax	(0.3)		(2.3)		(0.4)	(4.7)
Other comprehensive income (loss)	(2.1)		9.1		(2.2)	16.1
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	20.2		(56.1)		64.8	(21)
Amounts Arising During the Current Period, Income Tax	1.9		4.8		2	4.4
Amounts Reclassified to Net Income (Loss), Pretax	(1.5)		(1.5)		(2.9)	(3)
Amounts Reclassified to Net Income (Loss), Income Tax	0.4		0.3		0.7	0.7
Other comprehensive income (loss)	21		(52.5)		64.6	(18.9)
Unrealized gains (losses) on available-for-sale securities
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	2.3		(0.3)		0.4	(0.7)
Amounts Arising During the Current Period, Income Tax	(0.8)		(0.1)		(0.1)	(0.1)
Amounts Reclassified to Net Income (Loss), Pretax	0		0		0	0
Amounts Reclassified to Net Income (Loss), Income Tax	0		0		0	0
Other comprehensive income (loss)	1.5		(0.4)		0.3	(0.8)
Gains (losses) on cash flow hedges
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	16.7		15		8.3	13.8
Amounts Arising During the Current Period, Income Tax	(2.5)		(3.9)		(0.1)	(1.8)
Amounts Reclassified to Net Income (Loss), Pretax	(1)		(3.2)		(1.3)	11.4
Amounts Reclassified to Net Income (Loss), Income Tax	(0.3)		1.3		(0.5)	(3.5)
Other comprehensive income (loss)	12.9		9.2		6.4	19.9
Gains (losses) on cash flow hedges | Reclassification out of accumulated other comprehensive income
Other Comprehensive Income Loss [Line Items]
Other operating income (expense)	3.8		(5.3)		7.2	6.5
Interest expense	(4.8)		2.1		(8.5)	4.9
AOCI Attributable to Parent
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	36		(39.5)		69.8	(6.9)
Amounts Arising During the Current Period, Income Tax	(0.8)		0.7		2.3	2.6
Amounts Reclassified to Net Income (Loss), Pretax	(1.7)		4.9		(2.8)	28.1
Amounts Reclassified to Net Income (Loss), Income Tax	(0.2)		(0.7)		(0.2)	(7.5)
Other comprehensive income (loss)	33.3	$ 35.8	(34.6)	$ 50.9	69.1	16.3
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(3)		(5)		(2.8)	(6.5)
Amounts Arising During the Current Period, Income Tax	0		0		0	0
Amounts Reclassified to Net Income (Loss), Pretax	0		0		0	0
Amounts Reclassified to Net Income (Loss), Income Tax	0		0		0	0
Other comprehensive income (loss)	(3)		(5)		(2.8)	(6.5)
AOCI Attributable to Noncontrolling Interest
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(3)		(5)		(2.8)	(6.5)
Amounts Arising During the Current Period, Income Tax	0		0		0	0
Amounts Reclassified to Net Income (Loss), Pretax	0		0		0	0
Amounts Reclassified to Net Income (Loss), Income Tax	0		0		0	0
Other comprehensive income (loss)	(3)		(5)		(2.8)	(6.5)
Benefit plan adjustments(a)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	(3.2)		1.9		(3.7)	1
Amounts Arising During the Current Period, Income Tax	0.6		(0.1)		0.5	0.1
Amounts Reclassified to Net Income (Loss), Pretax	0.8		9.6		1.4	19.7
Amounts Reclassified to Net Income (Loss), Income Tax	(0.3)		(2.3)		(0.4)	(4.7)
Other comprehensive income (loss)	(2.1)		9.1		(2.2)	16.1
Benefit plan adjustments(a) | Reclassification out of accumulated other comprehensive income
Other Comprehensive Income Loss [Line Items]
Cost of revenues	1.5		1.7		2.9	3.3
Selling, general and administrative expenses	0.5		0.4		1	0.9
Interest and other income (expense)	0.1		3.2		0.8	8
Foreign currency translation adjustments
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	17.2		(61.1)		62	(27.5)
Amounts Arising During the Current Period, Income Tax	1.9		4.8		2	4.4
Amounts Reclassified to Net Income (Loss), Pretax	(1.5)		(1.5)		(2.9)	(3)
Amounts Reclassified to Net Income (Loss), Income Tax	0.4		0.3		0.7	0.7
Other comprehensive income (loss)	18		(57.5)		61.8	(25.4)
Unrealized gains (losses) on available-for-sale securities(c)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	2.3		(0.3)		0.4	(0.7)
Amounts Arising During the Current Period, Income Tax	(0.8)		(0.1)		(0.1)	(0.1)
Amounts Reclassified to Net Income (Loss), Pretax	0		0		0	0
Amounts Reclassified to Net Income (Loss), Income Tax	0		0		0	0
Other comprehensive income (loss)	1.5		(0.4)		0.3	(0.8)
Gains (losses) on cash flow hedges(d)
Other Comprehensive Income Loss [Line Items]
Amounts Arising During the Current Period, Pretax	16.7		15		8.3	13.8
Amounts Arising During the Current Period, Income Tax	(2.5)		(3.9)		(0.1)	(1.8)
Amounts Reclassified to Net Income (Loss), Pretax	(1)		(3.2)		(1.3)	11.4
Amounts Reclassified to Net Income (Loss), Income Tax	(0.3)		1.3		(0.5)	(3.5)
Other comprehensive income (loss)	$ 12.9		$ 9.2		$ 6.4	$ 19.9

Accumulated other comprehensi_4

Accumulated other comprehensive income (loss) - Reclasses Out Of AOCI (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	$ 605	$ 570.2	$ 369.8	$ 252.6	$ 570.2	$ 252.6
Other comprehensive income (loss)	30.3	36	(39.6)	49.4	66.3	9.8
Ending balance	664.2	605	366.7	369.8	664.2	366.7
Benefit Plan Adjustments
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance		(290.7)			(290.7)
Other comprehensive income (loss) before reclassifications					(3.2)
Amounts reclassified from accumulated other comprehensive loss to net income					1
Other comprehensive income (loss)	(2.1)		9.1		(2.2)	16.1
Ending balance	(292.9)				(292.9)
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance		(433.8)			(433.8)
Other comprehensive income (loss) before reclassifications					66.8
Amounts reclassified from accumulated other comprehensive loss to net income					(2.2)
Other comprehensive income (loss)	21		(52.5)		64.6	(18.9)
Ending balance	(369.2)				(369.2)
Unrealized gains (losses) on available-for-sale securities
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance		(0.6)			(0.6)
Other comprehensive income (loss) before reclassifications					0.3
Amounts reclassified from accumulated other comprehensive loss to net income					0
Other comprehensive income (loss)	1.5		(0.4)		0.3	(0.8)
Ending balance	(0.3)				(0.3)
Gains (Losses) on Cash Flow Hedges
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance		24.6			24.6
Other comprehensive income (loss) before reclassifications					8.2
Amounts reclassified from accumulated other comprehensive loss to net income					(1.8)
Other comprehensive income (loss)	12.9		9.2		6.4	19.9
Ending balance	31				31
AOCI Attributable to Parent
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(664.7)	(700.5)	(857)	(907.9)	(700.5)	(907.9)
Other comprehensive income (loss) before reclassifications					72.1
Amounts reclassified from accumulated other comprehensive loss to net income					(3)
Other comprehensive income (loss)	33.3	35.8	(34.6)	50.9	69.1	16.3
Ending balance	$ (631.4)	$ (664.7)	$ (891.6)	$ (857)	$ (631.4)	$ (891.6)

Fair value of financial instr_3

Fair value of financial instruments (Details) $ in Millions		3 Months Ended			6 Months Ended
	Jul. 15, 2022 USD ($)	Jun. 30, 2023 USD ($) derivative_instrument	Dec. 31, 2022 USD ($) Instruments derivative_instrument	Jun. 30, 2022 USD ($) derivative_instrument	Jun. 30, 2023 USD ($) derivative_instrument	Jun. 30, 2022 USD ($) derivative_instrument	Jul. 26, 2023 USD ($)	Oct. 03, 2022 USD ($)	Jul. 21, 2022 USD ($)	Jul. 12, 2022 USD ($) derivative_instrument	Sep. 30, 2021 derivative_instrument	Dec. 31, 2019 derivative_instrument
Debt Securities, Available-for-sale [Line Items]
Other operating income (expense)		$ (3.8)		$ 2.4	$ 4.5	$ 2.7
Foreign currency transaction gains					(18.2)	(13.4)
Interest expense		51.1		32.4	97.7	60.3
Contingent consideration payment					9.7	2.5
G4S
Debt Securities, Available-for-sale [Line Items]
Contingent consideration		22			22
NoteMachine
Debt Securities, Available-for-sale [Line Items]
Contingent consideration								$ 14.8
NoteMachine | ATM Cash Withdrawal Interchange Fees
Debt Securities, Available-for-sale [Line Items]
Contingent consideration								4.3
Contingent consideration derecognition gain		4.8			4.8
NoteMachine | Post-Acquisition Collection of ATM Tax Rate Rebates
Debt Securities, Available-for-sale [Line Items]
Contingent consideration								$ 10.5
Contingent consideration payment					9
Not Designated as Hedging Instrument | Foreign Exchange Contract
Debt Securities, Available-for-sale [Line Items]
Notional value of nonderivative instruments					$ 554
Weighted average maturity					1 month
Not Designated as Hedging Instrument | Foreign Exchange Contract | Other operating income (expense)
Debt Securities, Available-for-sale [Line Items]
Gain (loss) on foreign currency contract		10.4		14.1	$ 18.6	33
Not Designated as Hedging Instrument | Foreign Exchange Contract | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of derivative instruments, net		2.2	$ (7)		2.2
Designated as Hedging Instrument | Level 2
Debt Securities, Available-for-sale [Line Items]
Net derivative instrument (gains) losses included in interest expense		(6.5)		0.2	$ (11.9)	1.1
Designated as Hedging Instrument | Currency Swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					3 months 18 days
Notional value of derivative instrument		41			$ 41
Other operating income (expense)		3.8		(5.3)	7.2	6.5
Foreign currency transaction gains		3.8		(5.3)	7.2	6.5
Interest expense		0.2		0.3	0.5	0.7
Foreign currency derivative instrument gains (losses)		(4)		5	(7.7)	(7.2)
Designated as Hedging Instrument | Currency Swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, asset position		8.1	14.6		$ 8.1
Designated as Hedging Instrument | $400 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					3 months 18 days
Notional value of derivative instrument		400			$ 400
Number of instruments held | derivative_instrument												10
Designated as Hedging Instrument | $400 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		6.8	10		6.8
Net derivative instrument (gains) losses included in interest expense		(5)		$ 1.8	$ (9)	$ 4.2
Designated as Hedging Instrument | $200 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Number of instruments held | derivative_instrument				4		4
Designated as Hedging Instrument | $200 million interest rate swap | Gains (losses) on cash flow hedges
Debt Securities, Available-for-sale [Line Items]
Cumulative net gain in AOCI			$ 9.2
Designated as Hedging Instrument | $200 million interest rate swap amended
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					2 years
Notional value of derivative instrument		200			$ 200
Number of instruments held | derivative_instrument			3
Designated as Hedging Instrument | $200 million interest rate swap amended | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		16.8	$ 16.4		$ 16.8				$ 9.2
Designated as Hedging Instrument | $175 million interest rate swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					2 years
Notional value of derivative instrument		175			$ 175
Number of instruments held | Instruments			2
Designated as Hedging Instrument | $175 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		2.9			$ 2.9
Fair value of swap, net			$ 1
Designated as Hedging Instrument | $400 million interest rate swap 2023
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					2 years 3 months 18 days
Notional value of derivative instrument		$ 400			$ 400
Number of instruments held | derivative_instrument		8			8
Designated as Hedging Instrument | $400 million interest rate swap 2023 | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		$ 8.6			$ 8.6
Designated as Hedging Instrument | $400 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Number of instruments held | derivative_instrument											10
Cash proceeds from settlement of cross currency swap	$ 67
Designated as Hedging Instrument | $400 million cross currency swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Net derivative instrument (gains) losses included in interest expense				$ (1.6)		$ (3.1)
Designated as Hedging Instrument | $400 million cross currency swap 2022
Debt Securities, Available-for-sale [Line Items]
Notional value of derivative instrument		400			400					$ 400
Number of instruments held | derivative_instrument										9
Designated as Hedging Instrument | $400 million cross currency swap 2022 | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position		23.3	11.7		23.3
Net derivative instrument (gains) losses included in interest expense		(1.5)			$ (2.9)
Designated as Hedging Instrument | $215 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					2 years 4 months 24 days
Notional value of derivative instrument										$ 215
Designated as Hedging Instrument | $185 million cross currency swap
Debt Securities, Available-for-sale [Line Items]
Weighted average maturity					6 years 6 months
Notional value of derivative instrument										$ 185
Designated as Hedging Instrument | $215 million cross currency swap II | Subsequent Event
Debt Securities, Available-for-sale [Line Items]
Notional value of derivative instrument							$ 215
Prepaid expenses and other | Not Designated as Hedging Instrument | Foreign Exchange Contract | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of derivative instruments, asset		3.7	3.5		$ 3.7
Prepaid expenses and other | Designated as Hedging Instrument | $400 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			9.3
Prepaid expenses and other | Designated as Hedging Instrument | $200 million interest rate swap amended | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		6.8	6		6.8
Prepaid expenses and other | Designated as Hedging Instrument | $175 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		2.8	2		2.8
Prepaid expenses and other | Designated as Hedging Instrument | $400 million interest rate swap 2023 | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		3.2			3.2
Prepaid expenses and other | Designated as Hedging Instrument | $400 million cross currency swap 2022 | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position		5.6	5.6		5.6
Other assets | Designated as Hedging Instrument | $400 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position			0.7
Other assets | Designated as Hedging Instrument | $200 million interest rate swap amended | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		10	10.4		10
Other assets | Designated as Hedging Instrument | $175 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		0.1			0.1
Other assets | Designated as Hedging Instrument | $400 million interest rate swap 2023 | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, asset position		5.4			5.4
Accrued liabilities | Not Designated as Hedging Instrument | Foreign Exchange Contract | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of derivative instruments, liability		1.5	10.5		1.5
Other liabilities | Designated as Hedging Instrument | $175 million interest rate swap | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of swap, liability position			1
Other liabilities | Designated as Hedging Instrument | $400 million cross currency swap 2022 | Level 2
Debt Securities, Available-for-sale [Line Items]
Fair value of contract, liability position		28.9	17.3		28.9
Six hundred million senior unsecured notes
Debt Securities, Available-for-sale [Line Items]
Carrying value		600	600		600
Six hundred million senior unsecured notes | Level 3
Debt Securities, Available-for-sale [Line Items]
Fair value		534.7	528.7		534.7
Four hundred million senior unsecured notes
Debt Securities, Available-for-sale [Line Items]
Carrying value		400	400		400
Four hundred million senior unsecured notes | Level 3
Debt Securities, Available-for-sale [Line Items]
Fair value		$ 372	$ 369		$ 372

Debt (Details)

Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Short-term borrowings	$ 127.5		$ 47.2
Long-term Debt Types [Abstract]
Total long-term debt	3,341.1		3,355.6
Total Debt	3,468.6		3,402.8
Long-term Debt by Current and Noncurrent [Abstract]
Current liabilities	217.4		129.6
Noncurrent liabilities	3,251.2		3,273.2
Other Disclosures [Abstract]
Long-term revolving credit facilities: Borrowings	4,256.4	$ 3,039
Long-term revolving credit facilities: Repayments	4,299	$ 3,039.3
Brink's Capital credit facility
Other Disclosures [Abstract]
Long-term revolving credit facilities: Borrowings	3,241.8
Long-term revolving credit facilities: Repayments	3,249.3
Term Loan A | Senior Secured Credit Facility - Amended III
Long-term Debt Types [Abstract]
Long-term Debt	1,360.5		1,377.4
Other Disclosures [Abstract]
Debt issue costs	4.5		5.1
Senior unsecured notes | Six hundred million senior unsecured notes
Long-term Debt Types [Abstract]
Long-term Debt	993.2		992.1
Other Disclosures [Abstract]
Debt issue costs	6.8		7.9
Revolving Credit Facility
Long-term Debt Types [Abstract]
Debt	620.5		646.9
Other Non-US Dollar-denominated Facilities
Long-term Debt Types [Abstract]
Debt	151.6		147
Other Non-US Dollar-denominated Facilities | Brink's Capital credit facility
Long-term Debt Types [Abstract]
Debt	99.4		106.8
Financing leases
Long-term Debt Types [Abstract]
Financing leases	215.3		192.2
Short-term borrowings
Debt Instrument [Line Items]
Short-term borrowings	$ 127.5		$ 47.2

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Millions		1 Months Ended	6 Months Ended
	Jun. 22, 2020 USD ($)	Oct. 31, 2017 USD ($)	Jun. 30, 2023 USD ($) quarterly_payment facility	Jun. 30, 2022 USD ($)
Senior Secured Credit Facility - Amended III
Debt Instrument [Line Items]
Commitment Fee			0.23%
Senior Secured Credit Facility - Amended III | Minimum
Debt Instrument [Line Items]
Commitment Fee			0.15%
Senior Secured Credit Facility - Amended III | Maximum
Debt Instrument [Line Items]
Commitment Fee			0.28%
Three Committed Letter of Credit Facilities | Letter of Credit
Debt Instrument [Line Items]
Available capacity amount			$ 13
Number of term loan facilities | facility			3
Amount available			$ 70
Undrawn letters of credit			57
Fifteen Million Committed Facility | Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			15
Thirty Two Million Committed Facility | Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			32
Twenty-four Million Committed Facility | Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			24
Two Unsecured Letter of Credit Facilities | Letter of Credit
Debt Instrument [Line Items]
Available capacity amount			$ 28
Number of term loan facilities | facility			2
Amount available			$ 55
Undrawn letters of credit			27
Forty Million Unsecured Letter Of Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Amount available			40
Fifteen Million Unsecured Letter Of Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Amount available			$ 15
Senior Secured Credit Facility - Amended III | SOFR
Debt Instrument [Line Items]
Interest rate margin			1.50%
Senior Secured Credit Facility - Amended III | SOFR | Minimum
Debt Instrument [Line Items]
Interest rate margin			1.25%
Senior Secured Credit Facility - Amended III | SOFR | Maximum
Debt Instrument [Line Items]
Interest rate margin			1.75%
Senior Secured Credit Facility - Amended III | Base Rate
Debt Instrument [Line Items]
Interest rate margin			0.50%
Senior Secured Credit Facility - Amended III | Base Rate | Minimum
Debt Instrument [Line Items]
Interest rate margin			0.25%
Senior Secured Credit Facility - Amended III | Base Rate | Maximum
Debt Instrument [Line Items]
Interest rate margin			0.75%
Term Loan A | Senior Secured Credit Facility - Amended III
Debt Instrument [Line Items]
Debt, aggregate principal amount				$ 1,400
First two years quarterly principal payment, percentage				0.625%
Number of quarterly installment payments at 0.625% | quarterly_payment			8
Post two years quarterly principal payment, percentage				1.25%
Revolving Credit Facility | Senior Secured Credit Facility - Amended III
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 1,000
Available capacity amount			$ 379
Senior unsecured notes | Four hundred million senior unsecured notes
Debt Instrument [Line Items]
Debt, aggregate principal amount	$ 400
Debt maturity period	5 years
Interest rate percentage	5.50%
Senior unsecured notes | Six hundred million senior unsecured notes
Debt Instrument [Line Items]
Debt, aggregate principal amount		$ 600
Debt maturity period		10 years
Interest rate percentage		4.625%

Credit losses (Details)

Credit losses (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) country
Allowance for Credit Loss [Abstract]
Number of Countries in which Entity Operates | country	100
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts, beginning balance	$ 38.3
Provision for uncollectible accounts receivable	9.6
Write-offs and recoveries	(7.8)
Foreign currency exchange effects	0.3
Allowance for doubtful accounts, ending balance	$ 40.4

Share-based compensation plan_2

Share-based compensation plans - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	$ 8.7	$ 15.6	$ 20.7	$ 23.2
Cash based awards	0.4	0.7	1.5	1.1
Income tax benefit	(2)	(3.5)	(4.8)	(5.3)
Share-based payment expense, net of tax	6.7	12.1	15.9	17.9
Performance Shares Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	5	10.9	12.9	15.8
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	2.9	3.5	5.6	5.4
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	0.4	0.4	0.7	0.7
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment expense	$ 0	$ 0.1	$ 0	$ 0.2

Share-based compensation plan_3

Share-based compensation plans - Stock activity - RSU, PSU, DSU (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restricted Stock Units
Shares (in thousands)
Nonvested, beginning balance, shares	309,300
Granted, shares	191,200
Forfeited or expired, shares	(10,600)
Vested, shares	(124,000)
Nonvested, ending balance, shares	365,900	309,300
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (dollars per share)	$ 67.25
Granted (dollars per share)	65.77
Forfeited or expired (dollars per share)	65.12
Vested (dollars per share)	70.07
Nonvested, ending balance (dollars per share)	$ 65.58	$ 67.25
Performance Shares Units
Shares (in thousands)
Nonvested, beginning balance, shares	726,000
Granted, shares	234,900
Forfeited or expired, shares	(60,900)
Vested, shares	(171,500)
Nonvested, ending balance, shares	728,500	726,000
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (dollars per share)	$ 76.66
Granted (dollars per share)	69.07
Forfeited or expired (dollars per share)	85.21
Vested (dollars per share)	82.75
Nonvested, ending balance (dollars per share)	$ 72.06	$ 76.66
Expired, shares	(31,400)
Expired (dollars per share)	$ 94.52
Actual shares earned and distributed (shares)		208,100
Target shares (shares)		171,500
Deferred Stock Units
Shares (in thousands)
Nonvested, beginning balance, shares	19,700
Granted, shares	19,200
Vested, shares	(18,600)
Nonvested, ending balance, shares	20,300	19,700
Weighted-Average Grant Date Fair Value Per Share
Nonvested, beginning balance (dollars per share)	$ 54.74
Granted (dollars per share)	62.43
Vested (dollars per share)	54.67
Nonvested, ending balance (dollars per share)	$ 62.09	$ 54.74

Share-based compensation plan_4

Share-based compensation plans - Option Activity (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Performance-Based Options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, shares | shares	446,200
Exercised, shares | shares	(263,400)
Ending balance, shares | shares	182,800
Weighted Average Grant Date Fair Value Per Share
Beginning balance (dollars per share) | $ / shares	$ 14.70
Exercised (dollars per share) | $ / shares	12.47
Ending balance (dollars per share) | $ / shares	$ 17.92
Time Based Vesting Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, shares | shares	161,600
Expired, shares | shares	0
Ending balance, shares | shares	161,600
Weighted Average Grant Date Fair Value Per Share
Beginning balance (dollars per share) | $ / shares	$ 21.41
Expired (dollars per share) | $ / shares	0
Ending balance (dollars per share) | $ / shares	$ 21.41

Capital Stock (Details)

Capital Stock (Details) - USD ($)		1 Months Ended	3 Months Ended	6 Months Ended
	Apr. 14, 2022	Nov. 30, 2021	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	May 04, 2023	Dec. 31, 2022	Oct. 27, 2021	Feb. 06, 2020
Equity, Class of Treasury Stock [Line Items]
Shares of common stock authorized (in shares)			100,000,000	100,000,000			100,000,000
Shares issued and outstanding (in shares)			46,400,000	46,400,000			46,300,000
Dividends declared (in dollars per share)						$ 0.22
Maximum shares allowed for issuance (in shares)			2,000,000	2,000,000
Par value (in dollars per share)			$ 10	$ 10
Repurchase shares of Brink's common stock				$ 17,500,000	$ 0
ASR November 2021
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period (in shares)		1,742,160
Accelerated share repurchased payment		$ 150,000,000
ASR April 2022
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period (in shares)	546,993
ASR, final price per share (in dollars per share)	$ 65.53
250 Million Share Repurchase Program II
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program amount			$ 180,000,000	$ 180,000,000				$ 250,000,000
Stock repurchased and retired during period (in shares)			272,467
Repurchase shares of Brink's common stock			$ 17,500,000
Average price per share (in dollars per share)			$ 64.38
250 Million Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program amount									$ 250,000,000
Stock repurchased and retired during period (in shares)	2,289,153

Capital Stock - Shares Used To

Capital Stock - Shares Used To Calculate Earnings (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity [Abstract]
Basic (shares)	46.7	47.4	46.7	47.6
Effect of dilutive stock options and awards (shares)	0.6	0.4	0.7	0.4
Diluted (shares)	47.3	47.8	47.4	48
Antidilutive stock options and awards excluded from denominator (shares)	0.4	0.4	0.4	0.7
Deferred compensation common stock unit (shares)	0.3	0.3	0.3	0.3

Supplemental cash flow inform_3

Supplemental cash flow information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Condensed Cash Flow Statements, Captions [Line Items]
Interest	$ 110	$ 56.8
Income taxes, net	54.7	70.5
Financing Leases	46.8	39.6
Restricted cash	433.5		$ 438.5
Cash and cash equivalents	890.1		972
Total, cash, cash equivalents, and restricted cash in the condensed consolidated statements of cash flows	1,323.6	$ 1,101.9	1,410.5	$ 1,086.7
Cash Held From Customers
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	221.2		229.3
Deposits liability
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	165.1		156.3
Revolving Credit Facility
Condensed Cash Flow Statements, Captions [Line Items]
Restricted cash	$ 45.7		$ 40.7

Contingent matters (Details)

Contingent matters (Details) - Chile Antitrust Matter - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2021
Loss Contingencies [Line Items]
Chile antitrust matter fine			$ 30.5
Chile antitrust matter charge				$ 9.5
Chile antitrust matter adjustment	$ 0.4	$ 1.4

Reorganization and Restructur_3

Reorganization and Restructuring (Details) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)
2022 Global Restructuring
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	$ 11.5
Expense	10.1
Payments and utilization	(13.5)
Foreign currency exchange effects	0.4
Restructuring Reserve, ending balance	8.5		$ 8.5
2022 Global Restructuring | Minimum
Restructuring Cost and Reserve [Line Items]
Expected costs	42		42
2022 Global Restructuring | Maximum
Restructuring Cost and Reserve [Line Items]
Expected costs	48		48
2022 Global Restructuring | Severance Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	10.1		32.3
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	11.5
Expense	8.5
Payments and utilization	(11.9)
Foreign currency exchange effects	0.4
Restructuring Reserve, ending balance	8.5		8.5
2022 Global Restructuring | Other Restructuring
Restructuring Reserve [Roll Forward]
Restructuring Reserve, beginning balance	0
Expense	1.6
Payments and utilization	(1.6)
Foreign currency exchange effects	0
Restructuring Reserve, ending balance	0		$ 0
Other Restructurings | Severance Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 4.1	$ 14.4