OTHER (INCOME)/EXPENSES-NET

9 Months Ended

Sep. 30, 2014

Other Income and Expenses [Abstract]

Other Expense/(Income)-net Disclosure [Text Block]

OTHER (INCOME)/EXPENSES - NET

The components of other (income)/expenses - net were:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In millions)	2014			2013		2014			2013
Foreign exchange (gains)/losses - net	$	(8.2	)	$	2.1	$	(6.0	)	$	6.9
Administrative penalty (China)	—			26.0		—			33.4
Gain on sale of investment	—			—		(4.0		)	—
Pension curtailment gain	(5.4		)	—		(5.4		)	—
Other - net	(4.0		)	0.8		(5.7		)	4.6
Other (income)/expenses - net	$	(17.6	)	$	28.9	$	(21.1	)	$	44.9

Foreign exchange (gains)/losses - net for the three and nine months ended September 30, 2014 includes gains in the amount of $5.1 million and $13.7 million, respectively, as a result of the Company’s exchange of Bolivares Fuertes for U.S. dollars through a Venezuela government exchange at a rate more favorable than the rate used to remeasure net monetary assets of its Venezuelan subsidiary. In addition, for the nine months ended September 30, 2014, foreign exchange (gains)/losses - net includes a $6.1 million loss related to the Company’s February 2014 adoption of a new exchange rate for purposes of remeasuring the monetary assets and liabilities of its Venezuelan subsidiary. See Note 18 for additional information.