Other (Expense), net

6 Months Ended

Jun. 30, 2014

Other Income And Expenses [Abstract]

Other (Expense), net

(16) Other (Expense), net

The following table provides details of other (expense), net:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Interest and dividend income	$	3.0		$	2.4		$	6.6		$	5.6
Net foreign exchange transaction losses		(2.6	)		(3.8	)		(4.6	)		(5.4	)
Bank fee expense		(1.7	)		(1.7	)		(3.3	)		(3.3	)
Other, net		(3.5	)		(0.2	)		(3.1	)		0.1
Other (Expense), net	$	(4.8	)	$	(3.3	)	$	(4.4	)	$	(3.0	)

Gain from Claims Settlement

As previously disclosed in our 2013 Annual Report on Form 10-K, on February 3, 2014, we entered into the Claims Settlement agreement. Under the Claims Settlement agreement, we released and waived certain claims against the Grace Parties and the Grace Parties released and waived certain claims against us. As a result, we recognized a gain of $21 million during the six months ended June 30, 2014, which consisted of the release of $17 million of certain tax liabilities and $4 million of other associated liabilities.

Impairment of Equity Method Investment

During the three months ended June 30, 2014, we recognized an impairment of $6 million in connection with an equity method investment. This investment was not material to our condensed consolidated financial position or results of operations.