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Non-Operating Income and Deductions
 12 Months Ended
Dec. 31, 2012
Non-Operating Income and Deductions [Abstract]  
Non-Operating Income and Deductions
Note 20.  Non-Operating Income and Deductions

(Millions of dollars)
Year Ended December 31,
 
 
 
2012
 
 
 
 
2011
 
 
 
 
2010
 
 
Interest income  
$
3.2
 
 
 
$
3.9
 
 
 
$
2.7
 
 
Interest expense  
 
(3.2
)
 
 
 
(3.3
)
 
 
 
(3.3
)
 
Foreign exchange gains (losses)  
 
(1.4
)
 
 
 
(1.2
)
 
 
 
0.3
 
 
Foreign currency translation loss upon liquidation
 
--
 
 
 
 
--
 
 
 
 
--
 
 
Foreign currency translation loss upon deconsolidation of a foreign entity
 
--
 
 
 
 
(1.4
 
)
 
 
 
--
 
 
Gain on sale of previously impaired assets  
 
--
 
 
 
 
--
 
 
 
 
0.2
 
 
Settlement for  customer contract terminations
 
--
 
 
 
 
--
 
 
 
 
0.8
 
 
Other deductions  
 
(1.6
)
 
 
 
(0.6
)
 
 
 
(0.1
)
Non-operating income (deductions), net  
$
(3.0
)
 
 
$
(2.6
)
 
 
$
0.6
 
 
MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
     During the third quarter to 2011, the Company recognized currency translation losses of $1.4 million upon the sale of a 50% interest in and deconsolidation of its previously controlled joint venture in Korea.

     During the second quarter of 2010, the Company recognized income of $0.8 million for a settlement related to a customer contract termination.