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Other (expense), net | 9 Months Ended
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Sep. 30, 2025
Other Income and Expenses [Abstract] |
Other (expense), net | Other (expense), net Other (expense), net is comprised of the following:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Pension and postretirement expense (i) |  | $ | (242.5) |  |  | $ | (11.7) |  |  | $ | (285.6) |  |  | $ | (170.0) |
Loss on debt extinguishment |  | (0.2) |  |  | — |  |  | (7.0) |  |  | — |
Foreign exchange gains (losses) (ii) |  | (3.7) |  |  | 2.1 |  |  | (1.4) |  |  | (10.5) |
Interest income (iii) |  | 4.7 |  |  | 5.5 |  |  | 16.0 |  |  | 17.3 |
Other, net (iv) |  | 0.5 |  |  | (4.1) |  |  | (2.2) |  |  | 3.5 |
Total other (expense), net |  | $ | (241.2) |  |  | $ | (8.2) |  |  | $ | (280.2) |  |  | $ | (159.7) |
(i) Pension and postretirement expense includes $227.7 million of a U.S. pension settlement loss for both the three and nine months ended September 30, 2025 and $132.3 million of a U.S. pension settlement loss for the nine months ended September 30, 2024. See Note 3. (ii) Foreign exchange gains (losses) include gains (losses) from remeasuring cash, receivables, payables and intercompany balances denominated in foreign currencies, as well as gains (losses) on foreign exchange forward contracts. Additionally, these amounts include gains (losses) related to the substantial completion of liquidation of certain foreign subsidiaries. In the third quarter of 2025, the company ceased its use of foreign currency forward contracts. See Note 9 for details on the company’s foreign exchange forward contracts. (iii) Interest income relates primarily to interest earned from cash and short-term investments. (iv) Other, net generally consists of environmental costs related to previously disposed businesses and other miscellaneous items.

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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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