Other Income, Net

12 Months Ended

Dec. 31, 2015

Other Income And Expenses [Abstract]

Other Income, Net

Note 15—Other income, net:

	Years ended December 31,
	2013			2014			2015
	(In millions)
Securities earnings:
Dividends and interest	$	26.4		$	26.6		$	26.5
Securities transactions, net		.2			.3			—
Total		26.6			26.9			26.5
Equity in earnings of investees		.5			—			—
Insurance recoveries		9.4			10.4			3.7
Currency transactions, net		(3.8	)		4.0			(.1	)
Disposal of property and equipment, net		(.5	)		(.9	)		(.8	)
Gain on bargain purchase and remeasurement of our existing investment in acquiree		54.6			—			—
Other, net		1.2			1.6			2.7
Total	$	88.0		$	42.0		$	32.0

Dividends and interest income includes distributions from The Amalgamated Sugar Company LLC of $25.4 million in each of 2013, 2014 and 2015 (see Note 4).

Insurance recoveries relate primarily to amounts NL received from certain of its former insurance carriers, and relate principally to the recovery of prior lead pigment and asbestos litigation defense costs incurred by us. We have agreements with four former insurance carriers pursuant to which the carriers reimburse us for a portion of our future lead pigment litigation defense costs, and one such carrier reimburses us for a portion of our future asbestos litigation defense costs. We are not able to determine how much we will ultimately recover from these carriers for defense costs incurred by us because of certain issues that arise regarding which defense costs qualify for reimbursement. While we continue to seek additional insurance recoveries for lead pigment and asbestos litigation matters, we do not know the extent to which we will be successful in obtaining additional reimbursement for either defense costs or indemnity. Substantially all of $10.4 million in the insurance recoveries we recognized in 2014 relate to a settlement NL reached with one of its insurance carriers in September 2014 in which it agreed to reimburse NL for a portion of its past litigation defense costs.  Any additional insurance recoveries would be recognized when the receipt is probable and the amount is determinable. See Note 17.

Equity in earnings of investees relates to our investment in BMI and LandWell. The gain on bargain purchase and remeasurement of our existing investment in acquiree relates to our acquisition of a controlling interest in BMI and LandWell. See Note 3.