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Non-operating income, net | 12 Months Ended
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Dec. 31, 2024
Non-operating (loss) income, net [Abstract] |
Non-operating Income, Net | Non-operating Income, Net The following table presents the components of Non-operating income, net:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In millions)
Interest income | $ | 37.4 |  |  | $ | 46.1 |  |  | $ | 14.9 |
Other, net | 1.6 |  |  | 5.1 |  |  | (2.5) |
Total non-operating income, net | $ | 39.0 |  |  | $ | 51.2 |  |  | $ | 12.4 |
Interest income is earned principally from the Company’s surplus cash balances and marketable securities. The decrease in interest income in 2024 primarily reflects the lower amounts invested in debt securities in 2024 and slightly lower interest rates on the Company’s investments in debt securities compared to 2023. Other non-operating income, net, reflects net gains and losses from the Company’s foreign currency exposure and related hedges.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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- Definition Non-operating (loss) income, net [Abstract] + References No definition available. + Details
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