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Other (Expense) Income, net | 9 Months Ended
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Sep. 30, 2021
Other Income and Expenses [Abstract] |
Other (Expense) Income, net | Other (Expense) Income, net The following table provides details of other (expense) income, net:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Net foreign exchange transaction (loss) gain |  | $ | (0.5) |  |  | $ | (1.4) |  |  | $ | (0.5) |  |  | $ | 5.2 |
Bank fee expense |  | (1.0) |  |  | (1.1) |  |  | (3.4) |  |  | (3.4) |
Pension income (expense) other than service costs |  | 0.7 |  |  | (0.1) |  |  | 3.3 |  |  | 1.1 |
Increase in fair value of equity investments |  | 6.6 |  |  | — |  |  | 6.6 |  |  | — |
Foreign currency exchange loss due to highly inflationary economies |  | (0.9) |  |  | (1.1) |  |  | (2.9) |  |  | (3.2) |
Loss on debt redemption and refinancing activities |  | (14.7) |  |  | — |  |  | (14.7) |  |  | — |
Other income(1) |  | 6.7 |  |  | 2.3 |  |  | 11.7 |  |  | 9.6 |
Other (expense) |  | (1.4) |  |  | (0.9) |  |  | (4.0) |  |  | (4.6) |
Other (expense) income, net |  | $ | (4.5) |  |  | $ | (2.3) |  |  | $ | (3.9) |  |  | $ | 4.7 |
(1)During the three months ended September 30, 2021, we recorded $5.0 million to Other income related to a claim for the overpayment of certain indirect taxes paid by Sealed Air subsidiary, Cryovac Brasil Ltda., resulting from a double taxation calculation. In 2021, the Supreme Court of Brazil issued a final decision that clarified the methodology companies should use in the calculation. This decision was published and certified by the courts during the third quarter of 2021.

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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 + Details
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