Acquisitions and Dispositions Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2018

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 through December 31, 2018	$	189.6
Indemnification asset	(0.3		)
Fair value of future payments to sellers	1.5
Contingent consideration	15.1
Fair value of purchase consideration	$	205.9
Fair value of net assets acquired
Cash	$	10.3
Accounts receivable	16.6
Other current assets	0.6
Property and equipment, net	2.4
Intangible assets(a)	60.2
Goodwill(b)	148.8
Other noncurrent assets	0.1
Current liabilities	(11.8		)
Noncurrent liabilities	(21.3		)
Fair value of net assets acquired	$	205.9

(a) Intangible assets are comprised of customer relationships, trade name and non-competition agreements.

(b) Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating Maco Transportadora’s operations into our existing Brink’s Argentina operations. All of the goodwill has been assigned to the South America reporting unit and is not expected to be deductible for tax purposes.

(In millions)	Estimated Fair Value at Acquisition Date
Fair value of purchase consideration
Cash paid through December 31, 2018	$	546.8
Fair value of purchase consideration	$	546.8
Fair value of net assets acquired
Cash	$	25.8
Accounts receivable	31.9
Other current assets	11.7
Property and equipment, net	57.0
Intangible assets(a)	162.0
Goodwill(b)	307.1
Other noncurrent assets	21.1
Current liabilities	(29.7		)
Noncurrent liabilities	(40.1		)
Fair value of net assets acquired	$	546.8

(a) Intangible assets are composed of customer relationships ($148 million fair value and 15 year amortization period) and rights related to the trade name ($14 million fair value and 8 year amortization period). Final allocation will be determined once the valuation is complete.

(b) Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating Dunbar’s operations with our existing Brink’s U.S. operations. All of the goodwill has been assigned to the U.S. reporting unit and is expected to be deductible for tax purposes.

(In millions)	Estimated Fair Value at Acquisition Date
Fair value of purchase consideration and noncontrolling interests
Cash paid through December 31, 2018	$	162.5
Indemnification asset	(9.8		)
Fair value of future payments to sellers	3.7
Fair value of purchase consideration	$	156.4
Fair value of noncontrolling interests	1.1
Fair value of purchase consideration and noncontrolling interests	157.5
Fair value of net assets acquired
Cash	$	7.6
Accounts receivable	20.3
Property and equipment, net	14.1
Intangible assets (a)	41.6
Goodwill (b)	115.8
Other current and noncurrent assets	7.4
Current liabilities	(23.7		)
Noncurrent liabilities	(25.6		)
Fair value of net assets acquired	$	157.5

(a) Intangible assets are comprised of customer relationships, trade names and non-competition agreements. Final allocation will be determined once all valuations have been completed.

(b) Consists of intangible assets that do not qualify for separate recognition, combined with synergies expected from integrating these acquired operations into our existing operations. The goodwill from these acquisitions has been assigned to the following reporting units: AATI (U.S.), Pag Facil (Brazil), LGS and Maco Litoral (South America), Temis (France) and Worldbridge (Asia). We do not expect goodwill related to AATI, LGS, Maco Litoral, Temis or Worldbridge to be deductible for tax purposes. Goodwill related to Pag Facil will be deductible for tax purposes.

Business Acquisition, Pro Forma Information

The pro forma consolidated results of Brink’s presented below are unaudited and reflect a hypothetical ownership on January 1, 2016 of the businesses we acquired during 2017 and a hypothetical ownership as of January 1, 2017 for the businesses we acquired in 2018.

(In millions)	Revenue		Net income attributable to Brink's
Actual results included in Brink's consolidated 2018 and 2017 results for businesses acquired in 2018 and 2017 from the date of acquisition
Twelve months ended December 31, 2018
Dunbar	$	148.7	2.4
Maco Transportadora	77.2		13.1
Other acquisitions(a)	104.8		2.9
Total	$	330.7	18.4
Twelve months ended December 31, 2017
Dunbar	$	—	—
Maco Transportadora	49.3		7.8
Other acquisitions(a)	50.8		2.2
Total	$	100.1	10.0
Pro forma results of Brink's for the twelve months ended December 31,
2018
Brink's as reported	$	3,488.9	(33.3	)
Dunbar	244.0		5.4
Maco Transportadora(b)	—		—
Other acquisitions(b)	1.4		0.3
Total	$	3,734.3	(27.6	)
2017
Brink's as reported	$	3,347.0	16.7
Dunbar	386.6		2.4
Maco Transportadora(b)	56.9		6.2
Other acquisitions(b)	66.7		2.8
Total	$	3,857.2	28.1

(a) Includes the actual results of AATI, Pag Facil, LGS, Maco Litoral, Temis and Worldbridge.

(b) Represents amounts prior to acquisition by Brink's.