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OTHER (INCOME)/EXPENSES-NET
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
(Dollars in millions)
 
2016
 
2015
 
2016
 
2015
Venezuela long-lived asset impairments
 
$
—

 
$
—

 
$
45.9

 
$
—

Foreign exchange (gains)/losses - net
 
(6.2
)
 
4.9

 
20.9

 
6.8

Restructuring, severance and other related costs
 
7.0

 
0.6

 
18.2

 
4.3

Marketable securities (gain)/loss
 
—

 
0.8

 
—

 
(5.6
)
Legal, settlements and other - net
 
(0.6
)
 
(0.1
)
 
(1.7
)
 
11.6

Other (income)/expenses - net
 
$
0.2

 
$
6.2

 
$
83.3

 
$
17.1



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 nine months ended September 30, 2016 included gains of $5.5 million and $9.9 million, respectively, related to the re-measurement of U.S. dollar denominated intercompany loans, payables, and royalties, and losses of $0.3 million and $32.8 million, respectively, related to the devaluation of the exchange rate used for remeasuring the monetary assets and liabilities of the Company’s Venezuelan subsidiary. See Note 18 for additional information. During the three and nine months ended September 30, 2016, restructuring, severance and other related costs included $7.3 million and $18.4 million, respectively, of restructuring costs associated with the Fuel for Growth program. See Note 6 for additional information.

Marketable securities (gain)/loss for the three and nine months ended September 30, 2015 included an $0.8 million loss and a $5.6 million gain, respectively, related to fluctuation in fair value and foreign exchange. See Note 16 for additional information. During the nine months ended September 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.