XML 32 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Operating Expenses (Income), net
6 Months Ended
Jun. 30, 2018
Other Income and Expenses [Abstract]  
Other Operating Expenses (Income), net
Other Operating Expenses (Income), net
Other operating expenses (income), net consist of the following (in millions):

 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings
$
3.0

 
$
8.6

 
$
9.7

 
$
11.5

Litigation settlements (gains) and reserves, net
0.4

 
1.1

 
(5.7
)
 
1.1

Net losses (gains) on foreign exchange
(32.6
)
 
36.8

 
(16.2
)
 
47.2

Other, net
(0.2
)
 
0.3

 
(4.5
)
 
0.8

     Other operating expenses (income), net
$
(29.4
)
 
$
46.8

 
$
(16.7
)
 
$
60.6


Net losses (gains) on disposal of assets, restaurant closures, and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods.
The litigation settlement gain during the six months ended June 30, 2018 primarily reflects proceeds received from the successful resolution of a legacy BK litigation matter.
Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities.