Other (expense), net

6 Months Ended

Jun. 30, 2026

Other Income and Expenses [Abstract]

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.