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Other Income, Net | 9 Months Ended
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Sep. 30, 2018
Other Income And Expenses [Abstract] |
Other Income, Net | Note 13—Other income, net:
| Nine months ended September 30, |
| 2017 |  |  | 2018 |
| (In millions) |
Securities earnings: |  |  |  |  |  |  |
Dividends and interest | $ | 21.5 |  |  | $ | 23.5 |
Securities transactions, net |  | .1 |  |  |  | 12.6 |
Total |  | 21.6 |  |  |  | 36.1 |
Currency transactions, net |  | (8.0 | ) |  |  | 4.2 |
Insurance recoveries |  | .2 |  |  |  | .9 |
Infrastructure reimbursement |  | .7 |  |  |  | 4.3 |
Gain on land sales |  | — |  |  |  | 12.5 |
Other, net |  | 1.2 |  |  |  | 1.8 |
Total | $ | 15.7 |  |  | $ | 59.8 |
Securities transactions, net in the first nine months of 2018 includes a $12.5 million gain on the sale of our investment in The Amalgamated Sugar Company LLC, see Note 6. Insurance recoveries reflect, in part, amounts NL received from certain of its former insurance carriers and relate to the recovery of prior lead pigment and asbestos litigation defense costs incurred by NL. See Note 17. Infrastructure reimbursement costs relate principally to tax increment reimbursements of our Real Estate Management and Development Segment discussed in Note 7. In the first quarter of 2018 we sold two parcels of land not used in our operating activities. We sold the first parcel for net proceeds of $18.9 million, and recognized a pre-tax gain on the sale of $11.9 million. We were required under our debt agreement with NERT to use a portion of the net proceeds received for the property to pay down our note balance and accordingly we made $2.2 million in principal payments on our debt, see Note 8. In addition, NL sold excess property with a nominal book value for proceeds of $.6 million.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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