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Other Expense (Income), net

12 Months Ended

Dec. 31, 2021

Other Expense (Income), net.

Other Expense (Income), net

Note 15. Other Expense (Income), net

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Significant components of Other expense (income), net are as follows:

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​	​	​	​	​	​	​	​	​
​	Year Ended December 31,
​	2021			2020			2019
​	(in millions)
Investment income from life insurance policies	$	(84.6)	​	$	(79.3)	​	$	(74.3)
Interest expense on life insurance policy loans	​	85.5	​	​	79.4	​	​	73.9
Life insurance policy cost of insurance	​	14.4	​	​	13.4	​	​	12.8
Income from life insurance policy redemptions	​	(6.2)	​	​	(4.6)	​	​	(7.8)
Foreign currency transaction losses	​	4.0	​	​	2.3	​	​	4.1
Net periodic benefit cost—settlement loss	​	—	​	​	19.4	​	​	—
Net periodic benefit cost—components other than service cost and settlement loss	​	1.7	​	​	2.8	​	​	2.3
Income from marketable securities	​	(4.1)	​	​	(4.3)	​	​	(4.3)
All other, net	​	(7.6)	​	​	(4.4)	​	​	(7.5)
​	$	3.1	​	$	24.7	​	$	(0.8)

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-URI http://asc.fasb.org/topic&trid=2122503

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 610
-URI http://asc.fasb.org/topic&trid=49130413

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- References

No definition available.

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