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Other Expense, net
 12 Months Ended
Dec. 31, 2019
Other Income and Expenses [Abstract]  
Other (Income) Expense, net
Components of other (income) expense, net are as follows:
 
Year Ended December 31,
(In millions)
2019
 
2018
 
2017
Defined benefit pension (income) expense other than service cost
$
79.9

 
$
(27.8
)
 
$
38.6

Business interruption insurance recoveries
(10.7
)
 
—

 
(26.6
)
Net (gain) loss on sales of investments and disposals of assets
4.5

 
4.9

 
1.6

Third-party acquisition-related costs
3.6

 
7.3

 
2.9

Currency transaction effects
(0.8
)
 
(3.6
)
 
3.8

Loss on early extinguishment of debt
—

 
4.8

 
—

Accounts receivable reserve—Venezuela
—

 
—

 
10.0

Other miscellaneous expense (income)
4.1

 
(4.0
)
 
(3.2
)
Total other (income) expense, net
$
80.6

 
$
(18.4
)
 
$
27.1


In June 2019, a North American FCC catalysts customer filed for bankruptcy protection and announced it would not resume refinery operations following a fire in its refinery. Grace received $8.0 million in payments from its third-party insurer in 2019 under its business interruption insurance policy for lost profits. The policy has a $25 million limit per event.
In January 2017, a Catalysts Technologies customer experienced a fire resulting in an extended outage. Grace received $25.0 million in payments from its third-party insurer in 2017 under its business interruption insurance policy for lost profits. The policy had a $25 million limit per event.
During the 2017 third quarter, Grace recorded a $10.0 million charge to fully reserve for a trade receivable from a Venezuela-based customer related to increased economic uncertainty and the recent political unrest and sanctions.
See Note 5 for more information related to Grace’s early extinguishment of debt in 2018.