Note 12—Other income, net:

	Years ended December 31,
	2014			2015			2016
	(In millions)
Securities earnings:
Dividends and interest	$	26.6		$	26.5		$	27.2
Securities transactions, net		.3			—			.5
Total		26.9			26.5			27.7
Insurance recoveries		10.4			3.7			.4
Currency transactions, net		4.0			(.1	)		5.5
Disposal of property and equipment, net		(.9	)		(.8	)		—
Business interruption insurance proceeds		—			—			4.3
Other, net		1.6			2.7			1.5
Total	$	42.0		$	32.0		$	39.4

Dividends and interest income includes distributions from The Amalgamated Sugar Company LLC of $25.4 million in each of 2014, 2015 and 2016 (see Note 6).

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 18.

During 2016, we recognized $3.4 million in income related to cash Kronos received from settlement of a business interruption insurance claim arising in 2014, and income of $.9 million recognized in the fourth quarter related to cash Kronos received from settlement of another business interruption insurance claim arising in 2015. No additional material amounts are expected to be received with respect to such insurance claims.