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Other Expense (Income), Net

12 Months Ended

Dec. 31, 2019

Other Income And Expenses [Abstract]

Other Expense (Income), Net

23.    Other Expense (Income), Net

The components of other expense (income), net for the years ended December 31, 2019, 2018 and 2017 were as follows:

(In millions)		2019					2018				2017
Defined benefit plan		$	31.9				$	(6.5	)		$	(9.6	)
Asset impairment charge			—					—				7.0
Foreign currency (gains)/losses			(0.7	)				(2.0	)			0.9
Ineffective portion of cash flow hedge			—					(3.8	)			—
Other items, net			(2.2	)				(4.0	)			—
Total other expense (income), net		$	29.0				$	(16.3	)		$	(1.7	)

In January 2019, we adopted ASU 2017-12, which eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. In the year ended December 31, 2018, the ineffective portion of cash flow hedges recognized was $3.8 million and insignificant in the year ended December 31, 2017

During 2017, we recorded an impairment charge of $7.0 million pertaining to a cost method investment in a development stage home products company due to an other-than-temporary decline in its fair value. As a result of the impairment, the carrying value of the investment was reduced to zero and the Company is not subject to further impairment or funding obligations with regard to this investment.

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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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