Other Income (Expense), Net

12 Months Ended

Dec. 29, 2024

Other Income and Expenses [Abstract]

Other Income (Expense), Net

18. Other Income (Expense), Net

Included in other income (expense), net are the following (in millions of dollars):

	2024		2023		2022
Interest income	$	6.8	$	6.7	$	2.3
Interest expense	(10.9)		(3.2)		(2.1)
Foreign exchange gains (losses)	0.5		(1.5)		4.8
Other	(3.2)		(1.4)		(3.4)
Other income (expense), net	$	(6.8)	$	0.6	$	1.6

Included in interest income is interest from the Company's money market investments of $3.0 million in 2024 and 2023. The increase in interest expense for 2024 reflects the increase in the Company's long-term debt (see Debt footnote). Included in foreign exchange gains (losses) for 2022 was a $5.5 million foreign exchange gain on a U.S. dollar-denominated cash balance previously held by the Company's Japan entity (see Investment in Persol Holdings footnote). Included in Other for 2024 is $8.6 million of transaction costs primarily related to the acquisition of MRP and net of the $3.4 million MRP earnout liability write-off, partially offset by a $3.8 million gain on equity securities, and a $0.7 million reduction in the Brazil indemnification liability (see Fair Value Measurements footnote). Included in Other for 2023 was a gain of $2.0 million for the receipt of final proceeds in connection with our investment in Business Talent Group, LLC that was sold in 2021. Included in Other for 2022 are transaction-related expenses for the 2022 acquisitions of RocketPower and PTS and sale of our Russia operations and expense related to the remeasurement of the Brazil indemnification liability (see Fair Value Measurements footnote).