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Other Income, Net
 6 Months Ended
Jun. 30, 2017
Other Income And Expenses [Abstract]  
Other Income, Net

Note 12—Other income, net:

 

 

Six months ended
June 30,

 

 

2016

 

 

2017

 

 

(In millions)

 

Securities earnings:

 

 

 

 

 

 

 

Dividends and interest

$

13.6

 

 

$

14.2

 

Securities transactions, net

 

.1

 

 

 

—

 

Total

 

13.7

 

 

 

14.2

 

Currency transactions, net

 

4.2

 

 

 

(3.7

)

Insurance recoveries

 

.3

 

 

 

.1

 

Business interruption insurance proceeds

 

3.4

 

 

 

—

 

Termination fee

 

—

 

 

 

4.0

 

Other, net

 

.5

 

 

 

.7

 

Total

$

22.1

 

 

$

15.3

 

 

The termination fee is discussed in Note 3.

 

Insurance recoveries reflect, in part, amounts NL received from certain of its former insurance carriers and relate to the recovery of prior lead pigment and asbestos litigation defense costs incurred by NL.  See Note 16.

We recognized $3.4 million (including $1.4 million in the second quarter of 2016) in income related to cash Kronos received in the first six months of 2016 from settlement of a business interruption insurance claim arising in 2014. No additional material amounts are expected to be received with respect to such insurance claim.