OTHER GAINS AND LOSSES, NET

12 Months Ended

Dec. 31, 2021

OTHER GAINS AND LOSSES, NET

OTHER GAINS AND LOSSES, NET

OTHER GAINS AND LOSSES, NET

The components of other gains and losses, net, are as follows:

$ in millions	2021	2020	2019
Other gains:
Gain on equity investments and total return swap, net	58.1	41.7	82.5
Gain on contingent consideration liability	10.1	15.3	—
Net foreign exchange gains	3.3	0.1	—
Other realized gains (1)	56.8	1.0	—
Gain on sale of investments	—	—	1.5
Non-service pensions gains	—	2.5	5.2
Total other gains	128.3	60.6	89.2
Other losses:
Other-than-temporary impairment	(7.1)	(3.6)	(2.0)
Non-service pension losses	(0.7)	—	—
Loss on contingent consideration liability	—	—	(7.8)
Net foreign exchange losses	—	(2.4)	(8.9)
Foreign exchange hedge loss	—	—	(4.8)
Other realized losses	—	(9.7)	—
Total other losses	(7.8)	(15.7)	(23.5)
Other gains and losses, net	120.5	44.9	65.7

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(1)    Represents recognition of gains from certain private equity funds that are in liquidation.