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Other Expense, Net
3 Months Ended
Mar. 31, 2016
Other Income and Expenses [Abstract]  
Other Expense, net
Other Expense, net

Items included in other expense, net consist of:
 
Three Months Ended
March 31,
(in millions)
2016
 
2015
Restructuring expense
$
6.4

 
$
12.1

Merger and acquisition expense
5.8

 

Gain on previously held equity interest


(10.8
)
Other income
(0.5
)
 
(0.1
)
Other expense, net
$
11.7

 
$
1.2



During the first quarters of 2016 and 2015, the Company recorded restructuring expense of $6.4 million and $12.1 million, respectively, primarily related to Drivetrain and Engine segment actions designed to improve future profitability and competitiveness. See the Restructuring footnote to the Condensed Consolidated Financial Statements for further discussion of these expenses.

During the fourth quarter of 2015, the Company acquired 100% of the equity interests in Remy International, Inc. ("Remy"). During the first quarter of 2016, the Company incurred $5.8 million of transition and realignment expenses associated with this transaction. See the Recent Transactions footnote to the Condensed Consolidated Financial Statements for further discussion of this acquisition.

During the first quarter of 2015, the Company completed the purchase of the remaining 51% of BERU Diesel Start Systems Pvt. Ltd. ("BERU Diesel") by acquiring the shares of its former joint venture partner. As a result of this transaction, the Company recorded a $10.8 million gain on the previously held equity interest in this joint venture. See the Recent Transactions footnote to the Condensed Consolidated Financial Statements for further discussion of this acquisition.