The following table provides the components of other (income) expense, net for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Pension and postretirement non-service benefit (income) loss	$	(8.1	)	$	(9.2	)	$	(16.8	)	$	(18.8	)
Loss (gain) from remeasurement of benefit plans		(35.5	)		(0.7	)		(42.0	)		(0.5	)
Sales and use tax refund		—			(2.5	)		—			(2.5	)
Foreign currency exchange (gain) loss		(0.1	)		—			(0.1	)		—
Miscellaneous (income) expense		(0.1	)		0.1			(0.1	)		0.1
Total other (income) expense, net	$	(43.8	)	$	(12.3	)	$	(59.0	)	$	(21.7	)

Non-service related pension and other postretirement benefit income, for all years, consists primarily of the interest cost, expected return on plan assets and amortization components of net periodic cost.

The gain from remeasurement of benefit plans is due to all lump sum payments exceeding or expected to exceed the sum of the service cost and interest cost components of the net periodic pension cost for certain plans. These payments constitute a partial settlement, which is a significant event requiring remeasurement of both plan assets and benefit obligations. A total gain of $35.5 million and $42.0 million from the remeasurement of these benefit plans was recognized for the three and six months ended June 30, 2022, respectively. This gain was primarily due to a $205.5 million and $231.1 million decrease in the liability due to the increase in discount rates during the three and six months ended June 30, 2022, respectively. This is partially offset by losses of $170.0 million and $189.1 million for the three and six months ended June 30, 2022, respectively, primarily driven by investment losses on plan assets.

A total gain of $0.7 million and $0.5 million from the remeasurement of these benefit plans was recognized for the three and six months ended June 30, 2021, respectively. For the three months ended June 30, 2021, this gain was due to $9.5 million of favorable investment returns on plan assets, partially offset by losses of $8.8 million primarily driven by an increase in the pension liability due to a reduction in discount rate. For the six months ended June 30, 2021, this gain was driven by a $10.0 million decrease in the liability due to the increase in discount rate during the first half of 2021, partially offset by losses of $9.5 million primarily driven by investment losses on plan assets.

For more details on the aforementioned remeasurements, refer to “Note 11 - Retirement and Postretirement Plans.”

During the second quarter of 2021, TimkenSteel received a refund from the State of Ohio related to an overpayment of sales and use taxes for the period of October 1, 2016 through September 30, 2019. This resulted in a gain recognized of $2.5 million, net of related professional fees, during the second quarter of 2021.