Other Expense, Net

3 Months Ended

Apr. 01, 2023

Other Income and Expenses [Abstract]

Other Expense, Net

Other Expense, Net

Other expense, net includes non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, gains and losses on the disposal of fixed assets, the non-service cost components of net periodic benefit cost and other miscellaneous income and expense.

A summary of other expense, net is shown below (in millions):

	Three Months Ended
	April 1, 2023		April 2, 2022
Other expense	$	17.1	$	30.2
Other income	(3.4)		(2.9)
Other expense, net	$	13.7	$	27.3

In the three months ended April 1, 2023, other expense includes net foreign currency transaction losses of $4.7 million, including gains of $1.0 million related to foreign exchange rate volatility in Russia, and a loss of $5.0 million related to the impairment of an affiliate.

In the three months ended April 2, 2022, other expense includes net foreign currency transaction losses of $20.0 million, including losses of $11.4 million related to foreign exchange rate volatility in Russia