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Other (Expense) income, net
12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Other (Expense) income, net Other (Expense) income, net
Other (expense) income, net for the years ended December 31, 2025, 2024 and 2023 are as follows:
202520242023
Income from third party license fees$842 $810 $1,210 
Foreign exchange losses, net(8,386)(1,783)(14,785)
Gain on disposals of property, plant, equipment and other assets, net2,204 810 1,307 
Non-income tax refunds and other related credits 2,922 3,742 1,339 
Pension and postretirement benefit costs, non-service components(1,676)(1,827)(2,033)
Facility remediation recoveries, net— — 2,141 
Business interruption insurance proceeds— 1,000 — 
Product liability claim costs, net— (2,040)— 
Earnout liability adjustment454 400 — 
Interest income2,594 — — 
Multiemployer plan withdrawal charge(923)— — 
Other non-operating income, net60 242 149 
Total other (expense) income, net$(1,909)$1,354 $(10,672)
Non-income tax refunds and other related credits includes $1.8 million of indirect tax credits and interest received during the year ended December 31, 2025 relating to the Brazil Supreme Court ruling in regard to certain non-income (indirect) taxes that have been previously charged and paid.
Foreign exchange losses, net, during the years ended December 31, 2025, 2024 and 2023, include foreign currency transaction losses of approximately $2.2 million, $0.8 million and $7.8 million, respectively, related to hyper-inflationary accounting. See Note 1, Basis of Presentation and Significant Accounting Policies, for additional information. Foreign exchange losses, net also includes a $1.4 million foreign exchange loss recognized during the year ended December 31, 2025 relating to the change in fair value of the foreign exchange forward contracts entered into in connection with the acquisition of Dipsol. See Note 24, Hedging Activities, for more information.
Gain on disposals of property, plant, equipment and other assets, net, includes gains recognized in 2025, 2024 and 2023 for the sale of certain property previously classified as held for sale. See Note 7, Restructuring and Related Activities, for more information.
Multiemployer plan withdrawal charge during the year ended December 31, 2025 represents a $0.9 million expense related to the Company withdrawing from the Cleveland Bakers and Teamsters Pension Fund, a multiemployer defined benefit pension plan, in connection with a site closure under the Company’s restructuring program and facility closure actions.
Business interruption insurance proceeds for the year ended December 31, 2024 reflects an insurance recovery of $1.0 million related to production losses due to an electrical fire in 2021 that resulted in temporary shutdown of production at one of the Company’s production facilities. See Note 25, Commitments and Contingencies, for additional discussion regarding the Company’s business interruption claims.
Product liability claim costs, net represents expense related to payments by the Company in connection with product liability disputes with customers, net of insurance recoveries during the year ended December 31, 2024.
Facility remediation recoveries, net, for the year ended December 31, 2023 reflects insurance recoveries of costs for remediation and restoration of property damage.