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Other Income and Expenses
9 Months Ended
Sep. 30, 2024
Other Income and Expenses [Abstract]  
Other Nonoperating Income and Expense Non-operating Income, Net
Non-operating income, net, primarily consists of interest income from the Company’s surplus cash balances and marketable securities. Interest income was $8.7 million and $30.4 million during the three and nine months ended September 30, 2024, respectively, compared to $11.6 million and $33.8 million during the same periods in 2023. The decrease in interest income during the three and nine months ended September 30, 2024, compared to the same periods last year, primarily reflects the lower amounts invested in debt securities in the current periods.