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Other Expense, Net

12 Months Ended

Dec. 31, 2018

Other Income and Expenses [Abstract]

Other Expense, Net

OTHER EXPENSE, NET

		Year Ended December 31,
		2018				2017				2016
Foreign exchange losses, net		$	9.2			$	7.4			$	30.6
Impairments		—				7.6				10.5
Debt extinguishment and refinancing related costs		9.5				13.4				97.6
Other miscellaneous (income) expense, net		(3.7		)		(1.3		)		5.5
Total		$	15.0			$	27.1			$	144.2

Prior to deconsolidation, during the years ended December 31, 2017 and 2016, our Venezuelan subsidiary, which is a U.S. dollar functional entity, contributed $1.8 million and $23.5 million to the foreign exchange losses, respectively.

During the years ended December 31, 2017 and 2016, we recorded non-operational impairment losses of $7.6 million and $10.5 million, respectively. These impairment losses related to actions to reduce operational costs through activities to rationalize our manufacturing footprint resulting in write-downs of manufacturing facilities identified for closure, as well as a write-down of the carrying value of a real estate investment, which were based on market price estimates.

Debt extinguishment and refinancing related costs include third-party fees incurred and the loss on extinguishment associated with the write-off of unamortized deferred financing costs and original issue discounts in conjunction with the restructuring and refinancing of the Term Loans and Senior Notes during the years ended December 31, 2018 and 2017, as discussed further in Note 17.

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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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