Other Expense, Net

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Other Income (Expense), Net

5. Other Expense, Net

The components of other income (expense), net, were as follows (dollars in millions):

	Three Months Ended
	March 31,
	2024			2023
DeRidder litigation (a)	$	(123.7	)	$	—
DeRidder litigation insurance recovery (a)		123.7			—
Asset disposals and write-offs		(7.4	)		(6.6	)
Jackson mill conversion-related activities (b)		(8.3	)		0.3
Facilities closure and other income (costs) (c)		0.1			(4.7	)
Other		(6.9	)		(1.5	)
Total	$	(22.5	)	$	(12.5	)

(a)On April 24, 2024, a jury for the remaining DeRidder mill lawsuit that was tried in the U.S. District Court for the Middle District of Louisiana awarded plaintiffs compensatory damages plus prejudgment interest. The amount of the verdict with interest is within the remaining limits of the Company's liability insurance policies. See Note 19, Commitments, Guarantees, Indemnifications, and Legal Proceedings for additional detail.

(b)Includes charges related to the announced discontinuation of production of uncoated freesheet paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities.

(c)For 2024, includes income primarily related to a favorable lease buyout for a closed corrugated products facility, partially offset by closure costs related to corrugated products facilities and design centers. For 2023, includes charges consisting of closure costs related to corrugated products facilities and design centers.