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Other (Expense) Income, Net (Tables)
 6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
Other (Expense) Income, Net

The following table presents the components of Other (expense) income, net (in millions of dollars):

 

 

 

Quarter Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest income

 

$

1.2

 

 

$

0.2

 

 

$

2.1

 

 

$

0.6

 

Net periodic postretirement benefit cost

 

 

(1.5

)

 

 

(1.9

)

 

 

(1.8

)

 

 

(3.9

)

Unrealized gain on equity securities

 

 

0.1

 

 

 

0.2

 

 

 

0.3

 

 

 

0.3

 

(Loss) gain on disposition of property, plant and equipment

 

 

(0.3

)

 

 

(0.8

)

 

 

(0.5

)

 

 

14.2

 

Gain on business interruption insurance recoveries1

 

 

—

 

 

 

—

 

 

 

10.5

 

 

 

—

 

All other, net

 

 

—

 

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.1

)

Other (expense) income, net

 

$

(0.5

)

 

$

(2.5

)

 

$

10.4

 

 

$

11.1

 

 

1.
Represents advances against business interruption insurance claims received by the Company as of June 30, 2024. We recognize such advances in the period in which the insurance proceeds are received or become realizable.