OTHER (INCOME) EXPENSE, NET

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE, NET

OTHER (INCOME) EXPENSE, NET

The components of "Other (income) expense, net" were as follows:

	Nine Months Ended   September 30,				Three Months Ended   September 30,
	2023		2022		2023		2022
Gain on disposal of assets and businesses	$	(6.0)	$	(1.6)	$	(5.5)	$	(.3)
Restructuring charges	2.7		1.4		2.5		1.4
Currency loss (income)	1.5		(2.7)		.2		(2.0)
(Gain) loss from diversified investments associated with Executive Stock Unit Program	(3.1)		11.2		1.5		2.3
Reduction to contingent purchase price liability	(12.4)		—		(3.6)		—
Gain from net insurance proceeds from tornado damage 1	(3.6)		—		—		—
Non-service pension income	(.3)		(2.9)		(.2)		(1.0)
Other expense (income)	2.9		(.5)		1.0		(.1)
	$	(18.3)	$	4.9	$	(4.1)	$	.3

1 Insurance proceeds received for tornado damage to a manufacturing facility during the second quarter of 2023 resulted in a gain of $4.6 ($3.1 gain for fixed assets and $1.5 gain for inventory). The gain was reduced by a $1.0 deductible.