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Other
 3 Months Ended
Mar. 31, 2015
Other Income and Expenses [Abstract]  
OTHER
OTHER
Other general income - net
Included in Other general income - net were the following:
(Thousands of dollars)
Three Months Ended
March 31,
 
2015
 
2014
Provisions for environmental matters - net
$
1,050

 
$
(434
)
Gain on disposition of assets
(2,723
)
 
(138
)
Total
$
(1,673
)
 
$
(572
)

Provisions for environmental matters - net represent site-specific increases or decreases to environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Environmental-related accruals are not recorded net of insurance proceeds in accordance with the Offsetting Subtopic of the Balance Sheet Topic of the ASC. See Note 8 for further details on the Company’s environmental-related activities.
The gain on disposition of assets represents net realized gains associated with the disposal of fixed assets previously used in the conduct of the primary business of the Company.
Other (income) expense - net
Included in Other (income) expense - net were the following:
 
(Thousands of dollars)
Three Months Ended
March 31,
 
2015
 
2014
Dividend and royalty income
$
(1,081
)
 
$
(1,051
)
Net expense from financing activities
2,967

 
2,922

Foreign currency transaction related losses
1,138

 
2,858

Other income
(5,497
)
 
(6,306
)
Other expense
2,228

 
2,080

Total
$
(245
)
 
$
503


The net expense from financing activities includes the net expense relating to the change in the Company’s financing fees.
Foreign currency transaction related losses represent net realized losses on U.S. dollar-denominated liabilities of foreign subsidiaries and net realized and unrealized losses from foreign currency option and forward contracts. There were no foreign currency option and forward contracts outstanding at March 31, 2015 and 2014.
Other income and Other expense included items of revenue, gains, expenses and losses that were unrelated to the primary business purpose of the Company. There were no other items within the other income or other expense caption that were individually significant.