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Other Income and Expense (Tables)
9 Months Ended
Sep. 30, 2017
Other Income and Expenses [Abstract]  
Summarization of other income and expenses
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
 
(In millions)
Bridge loan commitment fees(1)
$

 
$
(24.8
)
 
$

 
$
(63.4
)
Gain on sale of non-operating asset

 
8.8

 

 
8.8

Gain (loss) from other foreign exchange and derivative activity, net(2)
(2.4
)
 
16.7

 
(9.1
)
 
9.8

Other, net(3)
(0.1
)
 
0.1

 
8.5

 
(0.1
)
Other income (expense), net
$
(2.5
)
 
$
0.8

 
$
(0.6
)
 
$
(44.9
)

(1)
During the first three quarters of 2016, we recognized amortization of commitment fees and other financing costs incurred in connection with our bridge loan agreement entered into subsequent to the announcement of the Acquisition. In conjunction with the July 7, 2016, debt issuance, we terminated the bridge loan agreement and accelerated the remaining unamortized fees of $24.8 million associated with the bridge loan to other income (expense) during the third quarter of 2016.
(2)
During the three and nine months ended September 30, 2016, we recorded unrealized gains of $13.8 million and $2.2 million, respectively, related to the foreign currency forwards we entered into in the second quarter of 2016, in connection with our July 7, 2016, debt issuance.
(3)
During the first quarter of 2017, we recorded a gain of CAD 10.6 million, or $8.1 million, resulting from a purchase price adjustment related to the historical sale of Molson Inc.’s ownership interest in the Montreal Canadiens. The CAD 10.6 million was paid by the Montreal Canadiens, which is considered an affiliate of MCBC, in the first quarter of 2017.