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Other Expense, net
 12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Other Expense, net Other Expense, net
The following table provides details of other expense, net:
 Year Ended December 31,
(In millions)202520242023
Net foreign exchange transaction (loss) gain $(8.9)$1.4 $(15.3)
Bank fee expense(1.3)(4.8)(5.6)
Pension cost other than service costs(4.3)(6.1)(8.7)
Impairment loss on debt investments(1)
— (8.5)— 
Foreign currency exchange loss due to high inflationary economies(15.1)(9.9)(23.1)
Loss on debt redemption and refinancing activities(5.8)(6.8)(13.2)
Other income17.0 14.5 10.4 
Other expense(11.9)(9.7)(6.4)
Other expense, net$(30.3)$(29.9)$(61.9)

(1)During the year ended December 31, 2022, Sealed Air made an investment of $8.0 million in another company's convertible debt. In 2023, we made an additional investment in the same company of $0.5 million. Based on information available to Sealed Air specific to the investee and our current expectations of recoverability, we recorded a credit loss resulting in an $8.5 million impairment (establishment of allowance) of the convertible debt investment during the fourth quarter of 2024. Sealed Air maintains no other available-for-sale debt securities as of December 31, 2025. The total allowance for credit losses related to available-for-sale debt securities as of December 31, 2025 was $8.5 million.