Other Income, Net

12 Months Ended

Dec. 31, 2025

Other Income and Expenses [Abstract]

Other Income, Net

13. Other Income, Net

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

	Year Ended December 31,
	2025			2024			2023
Interest income	$	0.8		$	3.6		$	1.7
Net periodic postretirement and postemployment benefit cost		(5.1	)		(4.3	)		(8.4	)
Unrealized gain on equity securities		0.5			0.3			0.6
Loss on extinguishment of debt – Note 9		(2.1	)		—			—
Gain on disposition of non-operating property, plant and equipment		10.3			3.8			13.8
Gain on business interruption insurance recoveries1		6.6			16.3			—
All other, net		0.3			(0.2	)		(0.3	)
Other income, net	$	11.3		$	19.5		$	7.4

1.Represents advances and final settlements against business interruption insurance claims. We recognize such advances in the period in which the insurance proceeds are received or become realizable. During the years ended December 31, 2025 and December 31, 2024, we received net cash proceeds of $7.0 million and 15.9 million, respectively.

Supply Chain Financing. During the years ended December 31, 2025 and December 31, 2024, we sold trade accounts receivable totaling $1,042.6 million and $1,078.6 million, respectively, related to these supply chain financing arrangements, of which the financial institutions of our customers applied discount fees totaling $24.1 million and $24.8 million, respectively. To the extent discount fees related to the sale of trade accounts receivable under supply chain financing arrangements are not reimbursed by our customers, they are included in Other income, net. As of December 31, 2025, we had been and/or expected to be substantially reimbursed by our customers for these discount fees, in accordance with the underlying sales agreements.