Other Expense, Net |
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Jun. 28, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Expense, Net | Other Expense, Net Other expense, net includes non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, gains and losses on certain disposals of assets, the non-service cost components of net periodic benefit cost and other miscellaneous income and expense. A summary of other expense, net is shown below (in millions):
In the three and six months ended June 28, 2025, other expense includes net foreign currency transaction losses of $7.3 million and $17.3 million, respectively, including losses of $3.0 million and $4.6 million, respectively, related to the hyper-inflationary environment in Argentina. In the six months ended June 28, 2025, other expense also includes a loss of $3.3 million related to the disposal of a non-core business. In the three and six months ended June 29, 2024, other expense includes net foreign currency transaction losses of $6.9 million and $18.2 million, respectively, including losses of $3.5 million and $9.8 million, respectively, related to the hyper-inflationary environment in Argentina.
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