v3.26.3
Other (expense), net (Tables)
 9 Months Ended
Sep. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of Other (Expense), Net
Other (expense), net is comprised of the following:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Pension and postretirement expense(i)
$(183.0)$(242.5)$(243.1)$(285.6)
(Loss) gain on debt extinguishment— (0.2)0.2 (7.0)
Foreign exchange (losses) gains(ii)
5.8 (3.7)10.1 (1.4)
Interest income(iii)
2.7 4.7 12.0 16.0 
Other, net(iv)
(8.7)0.5 (11.8)(2.2)
Total other (expense), net$(183.2)$(241.2)$(232.6)$(280.2)
(i) Pension and postretirement expense includes U.S. pension settlement losses of $151.2 million and $227.7 million for the three and nine months ended September 30, 2026 and 2025, respectively. See Note 4.
(ii) 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. 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 nine months ended September 30, 2025 were included within foreign exchange (losses) gains. See Note 10 for details on the company’s foreign exchange forward contracts.
(iii) Interest income relates primarily to interest earned from cash and short-term investments.
(iv) Other, net for both the three and nine months ended September 30, 2026 includes a reserve of approximately $7 million related to a tax settlement program in Brazil. See Note 14. Other, net also includes environmental costs related to previously disposed businesses and other miscellaneous items.