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Other income, net

12 Months Ended

Dec. 31, 2024

Other income, net

Other income, net

Note 13 – Other income, net:

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​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2022			2023			2024
​	​	(In millions)
Interest income and other:		​			​			​
Interest and dividends		$	10.9		$	21.0		$	21.8
Securities transactions, net	​	​	(.5)	​	​	.3	​	​	.2
Total	​	​	10.4	​	​	21.3	​		22.0
Infrastructure reimbursement	​		16.0	​		25.5	​		31.7
Currency transactions, net	​	​	11.5	​	​	1.4	​	​	1.6
Insurance recoveries	​	​	2.8	​	​	3.0	​	​	1.4
Gain on land sales	​	​	—	​	​	1.5	​	​	.5
Other, net	​	​	3.0	​	​	2.7	​	​	4.6
Total	​	$	43.7	​	$	55.4	​	$	61.8

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Infrastructure reimbursement – Infrastructure reimbursements related to the OPA are discussed in Note 7.  LandWell also has agreements with certain utility providers servicing the Cadence master planned community under which certain costs incurred for the development of utility infrastructure may be reimbursed to LandWell. LandWell received $.8 million, $.3 million and $1.4 million in 2022, 2023 and 2024, respectively, for past costs incurred.

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Insurance recoveries – Kronos recognized aggregate gains of $2.7 million and $2.5 million in 2022 and 2023, respectively, related to its Hurricane Laura business interruption claim.

​

NL received $.5 million and $1.4 million in insurance recoveries in 2023 and 2024, respectively. NL insurance recoveries in 2022 were nominal.

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- References

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/720/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 610
-Publisher FASB
-URI https://asc.fasb.org/610/tableOfContent

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