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Other Expense, Net | 6 Months Ended
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Jun. 30, 2016
Other Income and Expenses [Abstract] |
Other Expense, net | Other Expense, net Items included in other expense, net consist of:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2016 |  | 2015 |  | 2016 |  | 2015
Restructuring expense | $ | 19.2 |  |  | $ | 19.9 |  |  | $ | 25.6 |  |  | $ | 32.0 |
Merger and acquisition expense | 7.2 |  |  | — |  |  | 13.0 |  |  | — |
Gain on previously held equity interest | — |  |  | — |  |  | — |  |  | (10.8 | )
Other income | (1.4 | ) |  | (0.8 | ) |  | (1.9 | ) |  | (0.9 | )
Other expense, net | $ | 25.0 |  |  | $ | 19.1 |  |  | $ | 36.7 |  |  | $ | 20.3 |
During the first six months of 2016 and 2015, the Company recorded restructuring expense of $25.6 million and $32.0 million, respectively. This expense relates to Drivetrain and Engine segment actions designed to improve future profitability and competitiveness, as well as a global realignment plan intended to enhance treasury management flexibility. See the Restructuring footnote to the Condensed Consolidated Financial Statements for further discussion of these expenses. During the fourth quarter of 2015, the Company acquired 100% of the equity interests in Remy International, Inc. ("Remy"). During the first six months of 2016, the Company incurred $13.0 million of transition and realignment expenses associated with this transaction. See the Recent Transactions footnote to the Condensed Consolidated Financial Statements for further discussion of this acquisition. During the first quarter of 2015, the Company completed the purchase of the remaining 51% of BERU Diesel Start Systems Pvt. Ltd. ("BERU Diesel") by acquiring the shares of its former joint venture partner. As a result of this transaction, the Company recorded a $10.8 million gain on the previously held equity interest in this joint venture. See the Recent Transactions footnote to the Condensed Consolidated Financial Statements for further discussion of this acquisition.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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