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Other Income (Expense), net
 12 Months Ended
Dec. 31, 2015
Other Income And Expenses [Abstract]  
Other Income (Expense), net

Note 20 Other Income (Expense), net

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

 

 

 

Year Ended December 31,

 

(In millions)

 

2015

 

 

2014

 

 

2013

 

Interest and dividend income

 

$

13.5

 

 

$

15.5

 

 

$

11.0

 

Net foreign exchange transaction gains (losses)

 

 

5.3

 

 

 

(7.8

)

 

 

(10.5

)

Bank fee expense

 

 

(5.8

)

 

 

(5.0

)

 

 

(6.8

)

Net gain on disposals of property and equipment and other

 

 

3.3

 

 

 

—

 

 

 

—

 

Other, net

 

 

3.6

 

 

 

6.1

 

 

 

(5.6

)

Other income (expense), net

 

$

19.9

 

 

$

8.8

 

 

$

(11.9

)

 

Sale of Equity Investment

In 2015, we sold our joint venture that supported our Food Care segment in Turkey. We recognized earnings before income tax provision of $9 million in 2015 related to this transaction.

 

Impairment of Equity Method Investments

We recognized an impairment of $6 million and $2 million in 2014 and 2013, respectively, in connection with certain equity method investments. These investments were not material to our consolidated financial position or results of operations.