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Other Income and Expense
12 Months Ended
Dec. 31, 2017
Other Income and Expenses [Abstract]  
Other Income and Expense
Our other income (expense) classification primarily includes gains and losses associated with activities not directly related to brewing and selling beer and other malt beverages. For instance, aggregate unrealized and realized foreign exchange gains and losses resulting from remeasurement and settlement of foreign-denominated monetary assets and liabilities, as well as certain gains or losses on sales of non-operating assets are classified in this line item. These gains and losses are reported in the operating segment in which they occur; however, foreign exchange gains and losses on intercompany balances related to financing and other treasury-related activities are reported within the Corporate segment. The initial recording of foreign-denominated transactions are classified based on the nature of the transaction, with the unrealized or realized foreign exchange gains or losses resulting from the subsequent remeasurement of the monetary asset or liability, and its ultimate settlement, classified in other income (expense). Other income (expense) also includes costs incurred on the bridge loan associated with the Acquisition.
Other Income and Expense
 
For the years ended
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
 
(In millions)
Bridge loan commitment fees(1)
$

 
$
(63.4
)
 
$
(6.9
)
Gain on sale of non-operating asset

 
20.5

 
0.8

Gain (loss) from other foreign exchange and derivative activity, net
(9.5
)
 
10.0

 
6.2

Other, net(2)
9.4

 
3.2

 
0.8

Other income (expense), net
$
(0.1
)
 
$
(29.7
)
 
$
0.9

(1)
During 2016 and 2015, we recognized amortization of commitment fees and other financing costs incurred in connection with our bridge loan agreement entered into related to the Acquisition.
(2)
During 2017, we recorded a gain of CAD 10.9 million, or $8.3 million, resulting from a purchase price adjustment related to the historical sale of Molson Inc.’s ownership interest in the Montreal Canadiens. The CAD 10.9 million was paid by the Montreal Canadiens, which is considered an affiliate of MCBC, in 2017.