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Other Income and Expense (Tables)
9 Months Ended
Sep. 30, 2016
Other Income and Expenses [Abstract]  
Summarization of other income and expenses
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
 
(In millions)
Bridge loan commitment fees(1)
$
(24.8
)
 
$

 
$
(63.4
)
 
$

Gain on sale of non-operating asset
8.8

 

 
8.8

 
3.3

Gain (loss) from other foreign exchange and derivative activity, net(2)
16.7

 
3.7

 
9.8

 
3.8

Other, net
0.1

 

 
(0.1
)
 
0.3

Other income (expense), net
$
0.8

 
$
3.7

 
$
(44.9
)
 
$
7.4


(1)
During the first three quarters of 2016, we recognized amortization of commitment fees and other financing costs incurred in connection with our bridge loan agreement entered into subsequent to the announcement of the Acquisition. In conjunction with the July 7, 2016, issuance of the 2016 Notes, as defined in Note 11, "Debt", we terminated the bridge loan agreement and accelerated the remaining unamortized fees of $24.8 million associated with the bridge loan to other income (expense) during the third quarter of 2016. All related financing fees ceased upon termination of the bridge loan. See Note 11, "Debt" for further discussion.
(2)
During the nine months ended September 30, 2016, we settled the foreign currency forwards we entered into in the second quarter of 2016, in connection with our July 7, 2016, debt issuance as discussed within Note 11, "Debt" for a gain of $0.1 million. During the third quarter of 2016, we recorded unrealized gains on these foreign currency forwards of $11.7 million. Additionally, as a result of the proceeds received from our 2016 Notes, which we invested in fixed rate deposit and money market accounts, we recorded foreign currency transactional gains of $2.2 million related to cash denominated in USD recorded on a CAD functional entity for the three and nine months ended September 30, 2016, in addition to normal foreign currency activity recorded in other income (expense). See Note 13, "Derivative Instruments and Hedging Activities" for further details regarding these foreign currency forwards.