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Other (expense), net | 6 Months Ended
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Jun. 30, 2026
Other Income and Expenses [Abstract] |
Other (expense), net | Other (expense), net Other (expense), net is comprised of the following:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Pension and postretirement expense |  | $ | (30.0) |  |  | $ | (21.6) |  |  | $ | (60.1) |  |  | $ | (43.1) |
(Loss) gain on debt extinguishment |  | — |  |  | (6.8) |  |  | 0.2 |  |  | (6.8) |
Foreign exchange (losses) gains(i) |  | (2.5) |  |  | 1.0 |  |  | 4.3 |  |  | 2.3 |
Interest income(ii) |  | 4.4 |  |  | 5.6 |  |  | 9.3 |  |  | 11.3 |
Other, net(iii) |  | (0.5) |  |  | (0.3) |  |  | (3.1) |  |  | (2.7) |
Total other (expense), net |  | $ | (28.6) |  |  | $ | (22.1) |  |  | $ | (49.4) |  |  | $ | (39.0) |
(i) Foreign exchange (losses) gains include gains (losses) from remeasuring cash, receivables, payables and intercompany balances denominated in foreign currencies, as well as gains (losses) related to the substantial completion of liquidation of certain foreign subsidiaries of $0.2 million and $1.6 million in the three months ended June 30, 2026 and 2025, respectively, and $(0.1) million and $2.7 million in the six months ended June 30, 2026 and 2025, respectively. In the third quarter of 2025, the company ceased the use of foreign currency forward contracts used to mitigate the impact of exchange rate fluctuations in the intercompany balances denominated in foreign currencies. The gains (losses) on such forward contracts for the three and six months ended June 30, 2025 were included within foreign exchange (losses) gains. See Note 10 for details on the company’s foreign exchange forward contracts. (ii) Interest income relates primarily to interest earned from cash and short-term investments. (iii) 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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