Other Income (Expense), net

9 Months Ended

Sep. 30, 2014

Other Income And Expenses [Abstract]

Other Income (Expense), net

(16) Other Income (Expense), net

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Interest and dividend income	$	4.3		$	2.5		$	10.8		$	8.1
Net foreign exchange transaction (losses) gains		(3.7	)		1.0			(8.3	)		(4.4	)
Bank fee expense		(1.0	)		(2.3	)		(4.3	)		(5.6	)
Other, net		4.9			(0.9	)		7.6			(0.8	)
Other income (expense), net	$	4.5		$	0.3		$	5.8		$	(2.7	)

Gain from Claims Settlement

As previously disclosed in our 2013 Annual Report on Form 10-K, on February 3, 2014, we entered into the Claims Settlement agreement. Under the Claims Settlement agreement, we released and waived certain claims against the Grace Parties and the Grace Parties released and waived certain claims against us. As a result, we recognized a gain of $21 million during the nine months ended September 30, 2014, which consisted of the release of $17 million of certain tax liabilities and $4 million of other associated liabilities.

Impairment of Equity Method Investment

During the nine months ended September 30, 2014, we recognized an impairment of $6 million in connection with an equity method investment. This investment was not material to our condensed consolidated financial position or results of operations.