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Other (expense), net (Tables)
9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
Schedule of Other (Expense), Net
Other (expense), net is comprised of the following:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
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.