Annual report pursuant to Section 13 and 15(d)

Other Income, Net

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Other Income, Net
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Other Income, Net Other Income, Net
Other income, net, includes interest earned on our cash balances, other employee pension costs, and other miscellaneous income (expense). Miscellaneous income (expense) includes insurance proceeds and gains and losses on disposals of capital assets.

Other income, net for the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands):
Years Ended December 31,
  2023 2022 2021
Other income, net:
Interest earned on cash and cash equivalents, net $ 28,630  $ 6,207  $ 78 
Other employee pension costs 514  363  113 
Miscellaneous other income (expense), net (1)
2,364  (22) 433 
Total other income, net $ 31,508  $ 6,548  $ 624 
(1)For the year ended December 31, 2023, miscellaneous other income (expense), net includes $1.4 million of interest and damages resulting from an arbitration settlement with an operator. See Note 12, “Commitments” for further information regarding the arbitration.