Other Income (Expense), Net

12 Months Ended

Dec. 31, 2020

Other Nonoperating Income (Expense) [Abstract]

Other Income (Expense), Net

Other (Expense) Income, Net

Other (expense) income, net is summarized as follows:

	For the Twelve Months Ended
	December 31, 2020		December 31, 2019		December 31, 2018
Kansas Development Finance Authority bond	$	3.0	$	3.7	$	3.8
Rental and miscellaneous income	0.2		0.2		0.2
Pension (loss) income	(36.8)		19.5		34.3
Interest income	10.0		12.9		8.0
Loss on foreign currency forward contract and interest rate swaps	(10.5)		(19.0)		(35.3)
Loss on sale of accounts receivable	(8.9)		(24.7)		(16.5)
ASC 326 credit loss reserve	(4.7)		—		—
Foreign currency losses	(27.0)		(12.3)		(1.9)
Litigation settlement	—		13.5		—
Other	(3.1)		0.4		0.4
Total Other (Expense) Income, net	$	(77.8)	$	(5.8)	$	(7.0)

Foreign currency losses are due to the impact of movement in foreign currency exchange rates on an intercompany revolver and long-term contractual rights/obligations, as well as trade and intercompany receivables/payables that are denominated in a currency other than the entity’s functional currency.

Pension expense for the twelve months ended December 31, 2020 and December 31, 2019 included $86.5 and $12.5 of expenses related to the voluntary retirement program, respectively.