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OTHER INCOME (EXPENSE)
 12 Months Ended
Dec. 31, 2013
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE)
OTHER INCOME (EXPENSE)
Other income (expense) consisted of the following:
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
(Thousands of Dollars)
Foreign exchange gains (losses)
$
7,707

 
$
(1,429
)
 
$
1,902

(Loss) gain from sale or disposition of assets
(524
)
 
(1,522
)
 
155

Loss on deconsolidation of Asphalt JV
—

 
(23,800
)
 
—

Storage agreement early termination costs
—

 
—

 
(5,000
)
Contingent loss adjustment
—

 
—

 
(3,250
)
Other, net
158

 
2,062

 
2,620

Other income (expense), net
$
7,341

 
$
(24,689
)
 
$
(3,573
)

For the year ended December 31, 2011, “Other income (expense), net” included $5.0 million in costs associated with the early termination of a third-party storage agreement at the Paulsboro, New Jersey asphalt refinery and a contingent loss adjustment of $3.3 million related to a legal settlement.