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OTHER (INCOME)/EXPENSES-NET
 6 Months Ended
Jun. 30, 2016
Other Income and Expenses [Abstract]  
OTHER (INCOME)/EXPENSES-NET
OTHER (INCOME)/EXPENSES - NET
 
The components of other (income)/expenses - net were:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in millions)
 
2016
 
2015
 
2016
 
2015
Venezuela long-lived asset impairments
 
$
—

 
$
—

 
$
45.9

 
$
—

Foreign exchange (gains)/losses - net
 
(6.6
)
 
4.7

 
27.1

 
1.9

Restructuring, severance and other related costs
 
1.9

 
1.1

 
11.2

 
3.7

Marketable securities (gain)/loss
 
—

 
(6.4
)
 
—

 
(6.4
)
Legal, settlements and other - net
 
(0.5
)
 
(0.7
)
 
(1.1
)
 
11.7

Other (income)/expenses - net
 
$
(5.2
)
 
$
(1.3
)
 
$
83.1

 
$
10.9



During the first quarter of 2016, the Company recognized impairment charges of $45.9 million on long-lived assets of its Venezuelan subsidiary. See Note 18 for additional information.

Foreign exchange (gains)/losses - net for the three and six months ended June 30, 2016 included losses of $0.2 million and $32.5 million related to the devaluation of the exchange rate used for remeasuring the monetary assets and liabilities of its Venezuelan subsidiary. See Note 18 for additional information. During the three and six months ended June 30, 2016, restructuring, severance and other related costs included $2.0 million and $11.1 million, respectively, of restructuring costs in association with the Fuel for Growth program. See Note 6 for additional information.

Marketable securities (gain)/loss for the three and six months ended June 30, 2015 included a $6.4 million gain related to fluctuation in fair value and foreign exchange. See Note 16 for additional information. During the six months ended June 30, 2015, legal, settlements and other - net primarily included an accrual made in connection with the SEC settlement disclosed by the Company in July 2015.