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OTHER EXPENSE (INCOME), NET
 12 Months Ended
Dec. 31, 2015
Other Income and Expenses [Abstract]  
OTHER EXPENSE (INCOME), NET
OTHER EXPENSE (INCOME), NET

Other expense (income), net, consists of the following:
 
December 31,
(in millions)
2015
 
2014
 
2013
 
 
 
 
 
 
Foreign exchange transaction (gains) losses
$
(5.2
)
 
$
1.3

 
$
9.0

Other (income) expense, net
(3.0
)
 
(1.4
)
 
(0.6
)
  Total other expense (income), net
$
(8.2
)
 
$
(0.1
)
 
$
8.4



Foreign exchange transaction gains for the year ended December 31, 2015, included approximately $5.1 million foreign currency gain on the sale of a convertible bond. Foreign exchange transaction losses for the year ended December 31, 2014, included approximately $1.1 million of interest income and fair value gains on non-designated hedges. Foreign exchange transaction losses for the year ended December 31, 2013, included approximately $6.9 million of interest expense and fair value losses on non-designated hedges.