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Other (expense), net | 3 Months Ended
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Mar. 31, 2024
Other Income and Expenses [Abstract] |
Other (expense), net | Other (expense), net Other (expense), net is comprised of the following:
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2024 |  | 2023
Postretirement expense(i) |  |  |  |  |  | $ | (146.2) |  |  | $ | (192.9) |
Foreign exchange (losses) gains(ii) |  |  |  |  |  | (14.9) |  |  | 3.7 |
Other, net(iii) |  |  |  |  |  | 19.0 |  |  | (7.7) |
Total other (expense), net |  |  |  |  |  | $ | (142.1) |  |  | $ | (196.9) |
(i) Includes $132.3 million and $183.2 million of U.S pension settlement losses in the three months ended March 31, 2024 and 2023, respectively. See Note 4. (ii) Includes net foreign exchange losses of $0.5 million and net foreign currency gains of $3.5 million, respectively, in the three months ended March 31, 2024 and 2023, related to substantial completion of liquidation of foreign subsidiaries. (iii) Other, net in the three months ended March 31, 2024 includes a net gain of approximately $14.9 million related to a favorable judgment received in a Brazilian services tax matter. Additionally, other, net includes environmental costs related to previously disposed businesses.

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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