Retirement benefits (Tables)

6 Months Ended

Jun. 30, 2025

The components of net periodic pension cost (credit) for our pension plans were as follows:


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

Three months ended June 30,

Service cost	$	—	—	2.1	2.2	2.1	2.2
Interest cost on projected benefit obligation	7.8		7.7	4.5	4.4	12.3	12.1
Return on assets – expected	(11.2)		(11.6)	(2.9)	(2.8)	(14.1)	(14.4)
Amortization of losses	1.4		1.2	0.7	0.7	2.1	1.9


Settlement loss	—		—	0.4	—	0.4	—
Net periodic pension cost (credit)	$	(2.0)	(2.7)	4.8	4.5	2.8	1.8






Six months ended June 30,

Service cost	$	—	—	4.1	4.4	4.1	4.4
Interest cost on projected benefit obligation	15.7		15.4	8.7	8.9	24.4	24.3
Return on assets – expected	(22.3)		(23.2)	(5.6)	(5.7)	(27.9)	(28.9)
Amortization of losses	2.7		2.7	1.3	1.3	4.0	4.0
Amortization of prior service cost	—		—	0.1	—	0.1	—

Settlement loss	—		—	0.7	0.3	0.7	0.3
Net periodic pension cost (credit)	$	(3.9)	(5.1)	9.3	9.2	5.4	4.1

The components of net periodic postretirement cost (credit) related to retirement benefits other than pensions were as follows:


	UMWA Plans			Black Lung and Other Plans		Total
(In millions)	2025		2024	2025	2024	2025	2024

Three months ended June 30,

Service cost	$	—	—	0.1	—	0.1	—
Interest cost on accumulated postretirement benefit obligations	2.5		2.6	1.1	1.1	3.6	3.7
Return on assets – expected	(2.5)		(2.6)	—	—	(2.5)	(2.6)
Amortization of losses	0.6		0.1	0.8	1.0	1.4	1.1
Amortization of prior service cost (credit)	(2.5)		(1.6)	—	0.1	(2.5)	(1.5)
Net periodic postretirement cost (credit)	$	(1.9)	(1.5)	2.0	2.2	0.1	0.7

Six months ended June 30,

Service cost	$	—	—	0.1	0.1	0.1	0.1
Interest cost on accumulated postretirement benefit obligations	4.8		5.2	2.2	2.4	7.0	7.6
Return on assets – expected	(4.9)		(5.1)	—	—	(4.9)	(5.1)
Amortization of losses	0.9		1.4	1.7	2.1	2.6	3.5
Amortization of prior service cost (credit)	(5.1)		(4.4)	—	0.1	(5.1)	(4.3)
Net periodic postretirement cost (credit)	$	(4.3)	(2.9)	4.0	4.7	(0.3)	1.8

BRINKS CO 10-Q