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Other (Expense) Income, net | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
Other (Expense) Income, net | Other (Expense) Income, net Other (expense) income, net for the years ended December 31, 2023, 2022 and 2021 are as follows:
| 2023 |  | 2022 |  | 2021
Income from third party license fees | $ | 1,210 |  |  | $ | 1,268 |  |  | $ | 1,367 |
Foreign exchange losses, net | (14,785) |  |  | (9,399) |  |  | (3,821) |
Gain on disposals of property, plant, equipment and other assets, net | 1,307 |  |  | 168 |  |  | 4,695 |
Non-income tax refunds and other related credits (expense) | 1,339 |  |  | (1,613) |  |  | 15,155 |
Pension and postretirement benefit (costs) income, non-service components | (2,033) |  |  | 1,704 |  |  | 759 |
Loss on extinguishment of debt | — |  |  | (6,763) |  |  | — |
Facility remediation recoveries, net | 2,141 |  |  | 1,804 |  |  | — |
Other non-operating income, net | 149 |  |  | 224 |  |  | 696 |
Total other (expense) income, net | $ | (10,672) |  |  | $ | (12,607) |  |  | $ | 18,851 |
Foreign exchange losses, net, during the years ended December 31, 2023, 2022 and 2021, include foreign currency transaction losses of approximately $7.8 million, $1.6 million and $0.6 million, respectively, related to hyper-inflationary accounting. See Note 1 for additional information. Gain on disposals of property, plant, equipment and other assets, net, includes losses related to certain fixed asset disposals resulting from the property damage caused by flooding of the Company’s Conshohocken, Pennsylvania headquarters in 2021, described in Note 25 of Notes to Consolidated Financial Statements. This caption also includes gains in 2023, 2022 and 2021 on the sale of certain held-for-sale real property assets, described in Note 7 of Notes to Consolidated Financial Statements. Non-income tax refunds and other related credits (expense) during the year ended December 31, 2023 and 2022 includes adjustments to a Combination-related indemnification asset associated with the settlement of certain income tax audits at certain of the Company’s Italian and German affiliates for tax periods prior to August 1, 2019, whereas during the year ended December 31, 2021, this includes certain non-income tax credits for the Company’s Brazilian subsidiaries described in Note 25 of Notes to Consolidated Financial Statements. Loss on extinguishment of debt during the year ended December 31, 2022 includes the write-off of certain previously unamortized deferred financing costs as well as a portion of the third party and creditor debt issuance costs incurred to execute an amendment to the Company’s primary credit facility. See Note 19 for additional information. Facility remediation recoveries, net for the years ended December 31, 2023 and 2022 reflects payments received from insurers related to the property damage incurred during 2021, noted above. See Notes 18 and 25 for additional information.

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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 -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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