Other Income (Expense), Net

9 Months Ended

Sep. 30, 2021

Other Nonoperating Income (Expense) [Abstract]

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


	For the Three Months Ended				For the Nine Months Ended
	September 30, 2021		October 1, 2020		September 30, 2021		October 1, 2020
Kansas Development Finance Authority bond	$	0.6	$	0.6	$	2.2	$	2.3


Foreign currency (losses) gains (1)	11.3		(3.4)		3.8		1.4
Loss on foreign currency contract and interest rate swaps	—		(10.6)		—		(10.5)
Loss on sale of accounts receivable	(1.8)		(2.0)		(4.8)		(6.7)
Pension income (loss) (2)	84.8		9.0		137.3		(56.4)
Other	(0.1)		(3.6)		0.2		4.5
Total	$	94.8	$	(10.0)	$	138.7	$	(65.4)

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

(2) Pension income for the three and nine months ended September 30, 2021 includes $74.2 and $105.3 of income related to pension plans for current and former employees at the Belfast location, including the impact of the closure of the Shorts Pension which resulted in a curtailment gain of $61.0 for the three and nine months ended September 30, 2021. Pension expense for the three and nine months ended October 1, 2020 includes $2.6 and $86.4 of expense related to the voluntary retirement program.