Other income, net

3 Months Ended

Mar. 31, 2023

Other Income And Expenses [Abstract]

Other Income, Net

Note 12 – Other income, net:

	Three months ended
	March 31,
	2022		2023
	(In millions)
Interest income and other:
Interest and dividends	$	1.1	$	4.8
Securities transactions, net		(.2)		.1
Total		.9		4.9
Currency transactions, net		(1.5)		5.4
Insurance recoveries		—		1.7
Other, net		.6		1.1
Total	$	—	$	13.1

Insurance recoveries – On August 24, 2020, LPC temporarily halted production due to Hurricane Laura. Although storm damage to core processing facilities was not extensive, a variety of factors, including loss of utilities and limited access and availability of employees and raw materials, prevented the resumption of operations until September 25, 2020. The majority of Kronos’ losses from property damage and its share of LPC’s lost production and other costs resulting from the disruption of operations were covered by insurance. Kronos recognized a gain of $1.7 million related to its business interruption claim in the first quarter of 2023.