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Interest and Other Income (Expense), Net (Tables)
9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
Schedule of components of interest and other income (expense), net

The components of interest and other income (expenses), net are as follows (in millions):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest income

 

$

4.4

 

 

$

1.9

 

 

$

10.2

 

 

$

6.9

 

Interest expense

 

 

(20.3

)

 

 

(11.6

)

 

 

(49.1

)

 

 

(32.3

)

Impairment of minority investments

 

 

(15.9

)

 

 

(4.4

)

 

 

(17.8

)

 

 

(24.6

)

Exchange gains, net on foreign currency transactions

 

 

2.5

 

 

 

0.5

 

 

 

8.2

 

 

 

18.4

 

Gain on settlement of interest rate swap agreement (a)

 

 

5.9

 

 

 

 

 

 

5.9

 

 

 

 

Other income

 

 

3.4

 

 

 

0.8

 

 

 

4.5

 

 

 

1.4

 

Interest and other (expense), net

 

$

(20.0

)

 

$

(12.8

)

 

$

(38.1

)

 

$

(30.2

)

a)
The interest rate swap agreement was terminated during the quarter ended September 30, 2025 with the repayment of the 2019 Term Loan. Refer to Note 15 Debt and Note 17 Derivatives Instruments and Hedging Activities for further information.