Other Income (Expense), Net

3 Months Ended

Mar. 31, 2022

Other Nonoperating Income (Expense) [Abstract]

Other Income (Expense), Net

Other (Expense) Income, Net

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

	For the Three Months Ended
	March 31, 2022		April 1, 2021
Kansas Development Finance Authority bond	$	0.6	$	0.9
Interest income	0.5		0.6
Foreign currency (losses) gains (1)	14.9		(8.9)
Foreign currency contract and interest rate swaps (losses) gains	0.7		(0.8)
Loss on sale of accounts receivable	(2.4)		(1.6)
Pension income	23.2		26.1
Other	0.2		(3.5)
Total	$	37.7	$	12.8

(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.