Other (Income) Expense, Net

9 Months Ended

Oct. 01, 2016

Other Income and Expenses [Abstract]

Other (income) expense, net includes non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, gains and losses on the extinguishment of debt, gains and losses on the disposal of fixed assets and other miscellaneous income and expense.

A summary of other (income) expense, net is shown below (in millions):



	Three Months Ended						Nine Months Ended
	October 1, 2016			September 26, 2015			October 1, 2016			September 26, 2015
Other expense	$	15.5		$	21.8		$	34.7		$	62.7
Other income	(1.3		)	(0.1		)	(35.5		)	(2.3		)
Other (income) expense, net	$	14.2		$	21.7		$	(0.8	)	$	60.4

In the three and nine months ended October 1, 2016, other expense includes net foreign currency transaction losses of $3.6 million and $5.4 million, respectively. In the nine months ended October 1, 2016, other income includes a gain of $30.3 million related to the consolidation of an affiliate (Note 5, "Long-Term Assets").

In the three and nine months ended September 26, 2015, other expense includes net foreign currency transaction losses of $13.6 million and $27.9 million, respectively. In the nine months ended September 26, 2015, other expense includes a loss of $14.3 million related to the extinguishment of debt (Note 7, "Debt").