Other Expense, Net

9 Months Ended

Sep. 28, 2019

Other Income and Expenses [Abstract]

Other expense, net includes non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, losses on the extinguishment of debt, gains and losses on the disposal of fixed assets, gains and losses on the consolidation and deconsolidation of affiliates, the non-service cost components of net periodic benefit cost and other miscellaneous income and expense.

A summary of other expense, net is shown below (in millions):



	Three Months Ended						Nine Months Ended
	September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Other expense	$	13.7		$	16.6		$	41.7		$	24.2
Other income	(4.0		)	(3.4		)	(13.8		)	(12.9		)
Other expense, net	$	9.7		$	13.2		$	27.9		$	11.3

In the three and nine months ended September 28, 2019, other expense includes net foreign currency transaction losses of $9.3 million and $16.5 million, respectively (Note 19, "Financial Instruments"), and other income includes a gain of $4.0 million related to the deconsolidation of an affiliate (Note 7, "Investment in Affiliates"). In the nine months ended September 28, 2019, other expense also includes a loss of $10.6 million on the extinguishment of debt (Note 9, "Debt").

In the three and nine months ended September 29, 2018, other expense includes net foreign currency transaction losses $10.2 million and $12.6 million, respectively (Note 19, "Financial Instruments"). In the nine months ended September 29, 2018, other income includes a gain of $10.0 million related to gaining control of an affiliate. For further information related to obtaining control of an affiliate, see Note 5, "Investments in Affiliates and Other Related Party Transactions," to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018.