7. OTHER ASSETS, NET

At March 31, 2013 and December 31, 2012, other assets, net of accumulated amortization, consisted of the following:

*(In millions)*	March 31, 2013		December 31, 2012

Advances for long-term purchase contracts, net	$	16.8	$	19.4
Advances to and investment in joint ventures		20.2		6.1
Deferred financing costs, net		30.7		16.3
Long-term assets held for sale		11.1		13.8
Other		8.0		8.0

Total other assets, net	$	86.8	$	63.6

The decrease in advances for long-term purchase contracts is the result of amortizing the prepayments over the terms of the related contracts. The increase in deferred financing costs, net, was the result of fees incurred in relation to the issuance and assumption of debt in connection with the Transactions as well as the 4.875 Notes and the New ABL Revolver less the write-off of deferred financing fees associated with the termination of the 9 percent notes (as defined below) and described in Note 8 to the unaudited condensed consolidated financial statements.