Annual report pursuant to Section 13 and 15(d)

Other Income (Expense), Net

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Other Income (Expense), Net
12 Months Ended
Dec. 31, 2021
Other Income And Expenses [Abstract]  
Other Income (Expense), Net

14.

Other Income (Expense), Net

Other income (expense), net was income of $124.0 million, expense of $33.6 million, and income of $6.2 million for the years ended December 31, 2021, 2020 and 2019, respectively. In 2021, the income was primarily due to gains on derivatives not designated as hedges and gains from foreign currency exchange. In 2020, the expense was primarily due to losses from foreign currency exchange and fuel hedges recognized in earnings as a result of the forecasted transactions no longer being probable or that are no longer designated as hedges. In 2019, the income was primarily due to gains from insurance proceeds and a litigation settlement partially offset by losses on foreign currency exchange.