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Other (Expense) Income, net
 12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Other (Expense) Income, net Other (Expense) Income, net
The following table provides details of other (expense) income, net:
 Year Ended December 31,
(In millions)202220212020
Net foreign exchange transaction (loss) gain$(7.2)$(0.7)$1.7 
Bank fee expense(5.1)(5.0)(6.3)
Pension income other than service costs4.8 4.4 0.9 
Impairment (loss)/fair value gain on equity investments, net(30.6)6.6 15.1 
Impairment of debt investment(1)
— (8.0)— 
Foreign currency exchange loss due to high inflationary economies(8.8)(3.6)(4.7)
Loss on debt redemption and refinancing activities(11.2)(18.6)— 
Other income(2)
11.7 13.2 11.3 
Other (expense)(6.8)(5.2)(5.5)
Other (expense) income, net$(53.2)$(16.9)$12.5 
 
       
(1)During the year ended December 31, 2021, SEE made investments totaling $8.0 million, in another company's convertible debt. Based on information available to SEE specific to the investee and our expectations of recoverability at that time, we recorded a credit loss resulting in an $8.0 million impairment (establishment of allowance) of the convertible debt investment during the fourth quarter of 2021. The total allowance for credit losses related to the remaining available-for-sale debt securities as of December 31, 2022 was zero.
(2)During the year ended December 31, 2021, the Supreme Court of Brazil issued a final decision that clarified the methodology companies should use related to a claim for the overpayment of certain indirect taxes paid by Sealed Air subsidiaries in Brazil, resulting from a double taxation calculation. Based on the updated methodology approved by the Brazilian Supreme Court, we recorded $5.0 million to other income during the year ended December 31, 2021.