v3.25.4
Other income or expense, net
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other income or expense, net Other income or expense, net
The following table presents the components of other income or expense, net:
(in millions)
Year ended December 31,
202520242023
Net foreign currency (loss) gain from financing activities
$(7.7)$4.7 $3.1 
(Expense) income related to defined benefit plans
(15.9)(6.6)2.6 
Other2.9 0.7 0.1 
Other (expense) income, net
$(20.7)$(1.2)$5.8 
Most of the net foreign currency remeasurement (loss) gain from financing activities was caused by the volatility of the U.S. dollar on unhedged intercompany loan positions as disclosed in note 6. Other income or expense related to our defined benefit plans primarily relates to pension termination charges as described in note 17, and the expected returns on defined benefit plan assets.