Supplemental cash flow information

6 Months Ended

Jun. 30, 2016

Supplemental Cash Flow Information [Abstract]



	Six Months Ended June 30,
(In millions)	2016	2015
Cash paid for:
Interest	9.6	9.5
Income taxes, net	37.8	26.5

Argentina Debt Security Transactions

We have elected in the past and could continue in the future to repatriate cash from Brink’s Argentina using different means to convert Argentine pesos into U.S. dollars. In the first six months of 2016, cash outflows from the purchase of debt securities totaled $2.1 million and cash inflows from the sale of these securities totaled $2.0 million. In the first six months of 2015, we did not convert any Argentine pesos to U.S. dollars using these debt security transactions. The net cash flows from these transactions are treated as operating cash flows as the debt securities are purchased specifically for resale and are generally sold within a short period of time from the date of purchase.

Non-cash Investing and Financing Activities

We acquired $12.7 million in armored vehicles and other equipment under capital lease arrangements in the first six months of 2016 compared to $6.2 million in armored vehicles and point of sale equipment acquired under capital lease arrangements in the first six months of 2015.

Cash Supply Chain Services

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

At June 30, 2016, we held $50.7 million of restricted cash ($9.2 million represented short-term borrowings and $41.5 million represented restricted cash held for customers). At December 31, 2015, we held $16.4 million of restricted cash ($3.5 million represented short-term borrowings and $12.9 million represented restricted cash held for customers).