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Other (Income)/Expense, net
 6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
Other (Income)/Expense, net Other (Income)/Expense, net
The components of Other (income)/expense, net are:
Three months ended June 30,Six months ended June 30,
(in thousands)
2025202420252024
Currency transaction losses/(gains)
$5,654 $150 $8,806 $(1,142)
Derivative instruments losses/(gains)(735)4,391 (3,261)4,273 
Components of net periodic pension and postretirement cost other than service cost(498)664 323 1,332 
Other(887)452 (1,351)(1,788)
Total other (income)/expense, net$3,534 $5,657 $4,517 $2,675 
Other (income)/expense, net, included foreign currency related transactions which resulted in losses of $5.7 million and $8.8 million in the three and six months ended June 30, 2025, as compared to losses of $0.2 million and gains of $1.1 million in the same periods last year. These changes were the result of unrealized losses on intercompany loans. In addition, changes in the fair value of derivative instruments included gains of $0.7 million and $3.3 million in the three and six months ended June 30, 2025, as compared to losses of $4.4 million and $4.3 million for the three and six months ended June 30, 2024, driven by currency rate movements, most notably the Brazilian Real and Mexican Peso. Other also included net gains of $1.6 million from the divestiture of Arcari during the three and six months ended June 30, 2025, offset by amortization of debt issuance costs and other non-operating expenses.