Other (Expense) Income, Net

9 Months Ended

Sep. 30, 2022

Other (Expense) Income, Net [Abstract]

Other (Expense) Income, Net [Text Block]

Note 10 – Other Income (Expense), Net

The components of other income (expense), net, for the three and nine months ended September 30, 2022 and 2021 are as

follows:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2022

2021

2022

2021

Income from third party license fees

$

253

$

314

$

906

$

1,026

Foreign exchange (losses) gain, net

(1,928)

368

(5,859)

(1,948)

Gain (loss) on disposals of property, plant, equipment and other

assets, net

48

(537)

33

4,819

Non-income tax refunds and other related credits (expense)

122

3

(1,617)

14,395

Pension and postretirement benefit income, 

non-service components

452

343

1,406

596

Loss on extinguishment of debt

—

—

(6,763)

—

Gain on insurance recoveries

1,104

—

1,104

—

Other non-operating income, net

34

156

270

456

Total other income (expense), net

$

85

$

647

$

(10,520)

$

19,344

Gain (loss) on disposals of property, plant, equipment and other assets, net, during the three months ended September 30, 2021,

includes losses related to certain fixed asset disposals resulting from property damage. See Note 18 of Notes to Condensed

Consolidated Financial Statements. During the nine months ended September 30, 2021, this caption also includes the gain on the sale

of certain held-for-sale real property assets related to the Combination.

Non-income tax refunds and other related credits (expense) during the nine months ended September 30, 2022, includes

adjustments to Combination-related indemnification assets associated with the settlement of certain income tax audits at certain of the

Company’s Italian and German affiliates for tax periods prior to August 1, 2019. See Note 11 of Notes to Condensed Consolidated

Financial Statements. During the nine months ended September 30, 2021 this caption includes certain non-income tax credits for the

Company’s Brazilian subsidiaries. See Note 18 of Notes to Condensed Consolidated Financial Statements. 

Loss on extinguishment of debt during the nine months ended September 30, 2022 includes the write-off of certain previously

unamortized deferred financing costs as well as a portion of the third party and creditor debt issuance costs incurred to execute an

amendment to the Company’s primary credit facility. See Note 14 of Notes to the Condensed Consolidated Financial Statements.

Gain on insurance recoveries during the three and nine months ended September 30, 2022, reflects payments received from

insurers related to the property damage incurred during the three months ended September 2021, noted above. See Note 18 of Notes

to the Condensed Consolidated Financial Statements.