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Other Operating Expense, Net
 6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
Other Operating Expense, Net Other Operating Expense, Net
The components of “Other operating expense, net” for the three and six month periods ended June 30, 2025 and 2024 were as follows.
For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,
2025202420252024
Foreign currency transaction losses (gains), net$6.0 $— $12.8 $(0.7)
Restructuring charges, net(1)
3.2 3.9 8.5 13.6 
Acquisition and other transaction related expenses(2)
11.8 25.9 21.6 41.2 
Loss on asbestos sale(3)
— 58.8 — 58.8 
Other, net(1.1)(0.4)(1.3)0.5 
Total other operating expense, net$19.9 $88.2 $41.6 $113.4 
(1)See Note 3 “Restructuring.”
(2)Represents costs associated with successful and abandoned acquisitions, including third-party expenses and post-closure integration costs.
(3)During the second quarter of 2024, the Company transferred 100% of the equity interests of three wholly-owned subsidiaries that held asbestos liabilities and certain assets, including the related insurance assets, to an unrelated third party buyer. Following the completion of the transfer, the Company no longer has any obligation with respect to pending and future asbestos claims. The transaction resulted in a pre-tax loss of $58.8 million during the three month period ended June 30, 2024.