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Other Expense, net
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Other Expense, net Other Expense, net
The following table provides details of other expense, net:
 Year Ended December 31,
(In millions)202320222021
Net foreign exchange transaction loss$(15.3)$(7.2)$(0.7)
Bank fee expense(5.6)(5.1)(5.0)
Pension (expense) income other than service costs(8.7)4.8 4.4 
Impairment (loss)/fair value gain on equity investments, net— (30.6)6.6 
Impairment of debt investment(1)
— — (8.0)
Foreign currency exchange loss due to high inflationary economies(23.1)(8.8)(3.6)
Loss on debt redemption and refinancing activities(13.2)(11.2)(18.6)
Other income(2)
10.4 11.7 13.2 
Other (expense)(6.4)(6.8)(5.2)
Other expense, net$(61.9)$(53.2)$(16.9)
 
       
(1)During the year ended December 31, 2021, SEE made investments totaling $8.0 million, in another company's convertible debt. Based on information available to SEE specific to the investee and our expectations of recoverability at that time, we recorded a credit loss resulting in an $8.0 million impairment (establishment of allowance) of the convertible debt investment during the fourth quarter of 2021. The total allowance for credit losses related to the remaining available-for-sale debt securities as of December 31, 2023 and 2022 was zero.
(2)During the year ended December 31, 2021, the Supreme Court of Brazil issued a final decision that clarified the methodology companies should use related to a claim for the overpayment of certain indirect taxes paid by Sealed Air subsidiaries in Brazil, resulting from a double taxation calculation. Based on the updated methodology approved by the Brazilian Supreme Court, we recorded $5.0 million of income during the year ended December 31, 2021.