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Other (expense), net
12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other (expense), net Other (expense), net
Other (expense), net is comprised of the following:
Year ended December 31,202420232022
Pension and postretirement expense (i)
$(180.8)$(387.1)$(43.2)
Foreign exchange losses (ii)
(14.5)(0.2)(6.8)
Other, net (iii)
54.5 (6.6)(32.4)
Total other (expense), net$(140.8)$(393.9)$(82.4)
(i) Includes $130.6 million and $348.9 million in 2024 and 2023, respectively, of settlement losses related to the company’s defined benefit pension plans. See Note 17, “Employee plans.”
(ii) Includes charges (credits) of $2.6 million, $(3.7) million and $2.9 million respectively, in 2024, 2023 and 2022 for net foreign currency losses (gains) related to substantial completion of liquidation of foreign subsidiaries.
(iii) Other, net in 2024 includes a gain of $40.0 million related to a favorable settlement of a litigation matter (see Note 18, “Litigation and contingencies for additional details on this matter) and a net gain of $14.9 million related to a favorable judgement received in a Brazilian services tax matter. Environmental costs relate to previously disposed businesses are included within other, net.