Other Income (Expense), net

3 Months Ended

Mar. 31, 2014

Other Income And Expenses [Abstract]

(16) Other Income (Expense), net

The following table provides details of other income (expense), net:


	Three Months Ended March 31,
	2014			2013
Interest and dividend income	$	3.6		$	3.2
Net foreign exchange transaction losses		(2.0	)		(1.6	)
Bank fee expense		(1.6	)		(1.6	)
Non-controlling interests		0.2			0.2
Other, net		0.2			0.1

Other income, net	$	0.4		$	0.3

Gain from Claims Settlement

As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013, and in Note 14 above, on February 3, 2014, we entered into the Claims Settlement agreement. Under the Claims Settlement agreement, the Company released and waived certain claims against the Grace Parties and the Grace Parties released and waived certain claims against the Company. As a result, we recognized a gain of $21 million, which consisted of the release of $17 million of certain tax liabilities and $4 million of other associated liabilities.