Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017
$
173.3

Fair value of future payments to sellers
2.5

Contingent consideration
28.7

Fair value of purchase consideration
$
204.5

 
 
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)
147.6

Other noncurrent assets
0.1

Current liabilities
(11.8
)
Noncurrent liabilities
(21.5
)
Fair value of net assets acquired
$
204.5


(a)
Intangible assets are comprised of customer relationships, trade name and non-competition agreements. 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 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, 2017
$
160.4

Indemnification asset
(4.0
)
Fair value of future payments to sellers
3.9

Fair value of purchase consideration
$
160.3

 
 
Fair value of net assets acquired
 
 
 
Cash
$
7.4

Accounts receivable
20.1

Property and equipment, net
13.2

Intangible assets (a)
39.6

Goodwill (b)
118.9

Other current and noncurrent assets
5.0

Current liabilities
(24.2
)
Noncurrent liabilities
(19.7
)
Fair value of net assets acquired
$
160.3


(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), and Temis (France). We do not expect goodwill related to AATI, LGS, Maco Litoral or Temis to be deductible for tax purposes. If certain conditions are met in the future, 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 reflect a hypothetical ownership on January 1, 2016 of the businesses we acquired during 2017.
(In millions)
Revenue
 
Net income attributable to Brink's
 
 
 
 
Actual results included in Brink's consolidated 2017 results for businesses acquired in 2017 from the date of acquisition
 
 
 
 
 
 
 
Twelve months ended December 31, 2017
 
 
 
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,
 
 
 
2017
 
 
 
Brink's as reported
$
3,347.0

 
16.7

Maco Transportadora(b)
56.9

 
6.2

Other acquisitions(b)
65.7

 
2.6

Total
$
3,469.6

 
25.5

 
 
 
 
2016
 
 
 
Brink's as reported
$
3,020.6

 
34.5

Maco Transportadora(b)
79.5

 
6.2

Other acquisitions(b)
98.0

 
5.2

Total
$
3,198.1

 
45.9


(a)
Includes the actual results of AATI, Pag Facil, LGS, Maco Litoral and Temis.
(b)
Represents amounts prior to acquisition by Brink's.