Other, Net

3 Months Ended

Mar. 31, 2025

Other Income and Expenses [Abstract]

The following table presents the components of other, net for the three months ended March 31, 2025 and 2024:


	For the three months ended
	March 31, 2025		March 31, 2024
Currency remeasurement (loss)/gain on net monetary assets	$	(459)	$	1,031
(Loss)/gain on foreign currency forward contracts	(1,576)		680
Gain on commodity forward contracts	4,419		1,099

Gain/(loss) on equity investments, net (1)	15		(13,287)
Net periodic benefit cost, excluding service cost	(527)		(841)
Other	256		(226)
Other, net	$	2,128	$	(11,544)

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(1) The three months ended March 31, 2024 primarily includes a loss on an equity investment that does not have a readily determinable fair value for which we use the measurement alternative prescribed in FASB ASC Topic 321, Investments—Equity Securities. Refer to Note 13: Fair Value Measures for additional information.