Other Expense (Income), net

12 Months Ended

Dec. 31, 2020

Other Expense (Income), net.

Other Expense (Income), net

Note 15. Other Expense (Income), net

Significant components of Other expense (income), net are as follows:

	Year Ended December 31,
	2020		2019		2018
	(in millions)
Investment income from life insurance policies	$	(79.3)	$	(74.3)	$	(67.4)
Interest expense on life insurance policy loans		79.4		73.9		70.1
Life insurance policy cost of insurance		13.4		12.8		12.1
Income from life insurance policy redemptions		(4.6)		(7.8)		(10.3)
Foreign currency transaction losses (gains)		2.3		4.1		(0.6)
Net periodic benefit cost — settlement loss		19.4		—		—
Net periodic benefit cost — components other than service cost and settlement loss		2.8		2.3		2.1
All other, net		(8.7)		(11.8)		(5.3)
	$	24.7	$	(0.8)	$	0.7