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Other Income/(Expense), Net
 9 Months Ended
Sep. 30, 2024
Other Net [Abstract]  
Other, Net Other Income/(Expense), Net
The components of Other income/(expense), net for the three and nine months ended September 30 were as follows:
Three months endedNine months ended
In millions2024202320242023
Interest income$15.3 $3.6 $24.4 $11.1 
Foreign currency exchange loss(2.9)(5.8)(19.9)(12.4)
Other components of net periodic benefit credit/(cost)(3.7)(4.7)(9.1)(15.0)
Other activity, net
(2.4)(3.1)(18.2)(60.5)
Other income/(expense), net$6.3 $(10.0)$(22.8)$(76.8)
Other income/(expense), net includes the results from activities other than core business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit credit/(cost) for pension and postretirement obligations other than the service cost component. Other activity, net includes several items including legacy legal matters, such as activities related to Murray Boiler LLC (Murray). Refer to Note 18, "Commitments and Contingencies," for more information regarding activities related to Murray. The increase in interest income for the nine months ended September 30, 2024 primarily relates to interest from short-term investments purchased in the second quarter of 2024 with proceeds from the issuance of Senior Notes due 2034 as discussed in Note 6. During the nine months ended September 30, 2023, the Company recorded within other activity, net an impairment of an equity investment of $52.2 million.