Other Expense, net (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Details of Other Expense, net

The following table provides details of other expense, net:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Net foreign exchange transaction loss	$	(0.2)	$	(0.5)	$	(0.9)	$	(0.5)
Bank fee expense	(1.4)		(1.0)		(4.0)		(3.4)
Pension income other than service costs	0.7		0.7		3.3		3.3
Fair value gain/impairment (loss) on equity investments(1)	—		6.6		(31.6)		6.6
Foreign currency exchange loss due to highly inflationary economies	(2.2)		(0.9)		(5.9)		(2.9)
Loss on debt redemption and refinancing activities	—		(14.7)		(11.2)		(14.7)
Other income(2)	1.6		6.7		8.0		11.7
Other expense	(1.6)		(1.4)		(5.1)		(4.0)
Other expense, net	$	(3.1)	$	(4.5)	$	(47.4)	$	(3.9)

(1)See Note 15, "Fair Value Measurements, Equity Investments and Other Financial Instruments," for further details.

(2)During the three months ended September 30, 2021, we recorded other income of $5.0 million related to a claim for the overpayment of certain indirect taxes paid by Sealed Air subsidiaries in Brazil, resulting from a double taxation calculation. In 2021, the Supreme Court of Brazil issued a final decision that clarified the methodology companies should use in the calculation. This decision was published and certified by the courts during the third quarter of 2021.