Other income or expense, net

6 Months Ended

Jun. 30, 2026

Other Income and Expenses [Abstract]

12. Other income or expense, net

The following table presents the components of other income or expense, net:


(in millions)	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Net foreign currency loss from financing activities	$	(0.1)	$	(3.9)	$	(0.1)	$	(7.1)
Expense related to defined benefit plans	(0.6)		(0.3)		(1.1)		(17.8)
Other	0.1		0.5		0.1		1.7
Other expense, net	$	(0.6)	$	(3.7)	$	(1.1)	$	(23.2)

Other income or expense for the six months ended June 30, 2026 primarily relates to the expected returns on defined benefit plan assets. For the six months ended June 30, 2025, other income or expense primarily related to pension termination costs and the expected returns on defined benefit plan assets.

As described in our Annual Report, we approved the termination of one of our two U.S. pension plans during 2024. The pension liability was fully settled in the first quarter of 2025, primarily through the purchase of annuity contracts totaling $97.7 million. As a result of the settlement, we recorded $18.1 million of pension termination costs in the first quarter of 2025, which were primarily recognized in other income or expense.