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Other Expense (Income), net
12 Months Ended
Dec. 31, 2022
Other Expense (Income), net.  
Other Expense (Income), net

Note 15. Other Expense (Income), net

Significant components of Other expense, net are as follows:

Year Ended December 31,

2022

    

2021

    

2020

(in millions)

Investment income from life insurance policies

$

(85.2)

$

(84.6)

$

(79.3)

Interest expense on life insurance policy loans

91.6

85.5

79.4

Life insurance policy cost of insurance

15.7

14.4

13.4

Income from life insurance policy redemptions

(6.6)

(6.2)

(4.6)

Foreign currency transaction losses

6.2

4.0

2.3

Net periodic benefit cost—settlement losses

2.3

19.4

Net periodic benefit cost—components other than service cost and settlement loss

(0.4)

1.7

2.8

Loss (income) on deferred compensation plan assets

6.9

(4.1)

(4.3)

Interest income

(9.3)

(1.1)

(0.9)

All other, net

(7.0)

(6.5)

(3.5)

$

14.2

$

3.1

$

24.7