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Other (Income) Expense, Net
 6 Months Ended
Jul. 01, 2017
Other Income and Expenses [Abstract]  
Other (Income) Expense, Net
Other (Income) Expense, Net
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 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
 
Six Months Ended
 
July 1,
2017
 
July 2,
2016
 
July 1,
2017
 
July 2,
2016
Other expense
$
7.5

 
$
10.6

 
$
13.7

 
$
19.6

Other income
(1.7
)
 
(34.1
)
 
(4.2
)
 
(34.6
)
Other (income) expense, net
$
5.8

 
$
(23.5
)
 
$
9.5

 
$
(15.0
)

In the three months ended July 1, 2017, other expense includes net foreign currency transaction losses of $2.3 million. In the six months ended July 1, 2017, other income includes net foreign currency transaction gains of $3.3 million.
In the three and six months ended July 2, 2016, other income includes a gain of $30.3 million related to the consolidation of an affiliate. In the three and six months ended July 2, 2016, other expense includes net foreign currency transaction losses of $2.2 million and $1.8 million, respectively. For further information on the consolidation of an affiliate, see Note 5, "Investments in Affiliates and Other Related Party Transactions," to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016.