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Other income, net
 6 Months Ended
Jun. 30, 2013
Other income, net

Note 12 —Other income, net:

 

 

 

Six months ended

June 30,

 

 

2012

 

 

2013

 

 

(In millions)

 

Securities earnings:

 

 

 

 

 

 

 

Dividends and interest

$

  14.1

 

 

$

  13.1

 

Securities transactions, net

 

  .1

 

 

 

  .2

 

Total

 

  14.2

 

 

 

  13.3

 

Equity in earnings of investees

 

—

 

 

 

(.8

)

Currency transactions, net

 

  .5

 

 

 

(1.2

)

Insurance recoveries

 

  1.4

 

 

 

  1.6

 

Litigation settlement gain

 

  14.7

 

 

 

—

 

Other, net

 

  1.0

 

 

 

  .2

 

Total

$

  31.8

 

 

$

  13.1

 

Insurance recoveries reflect, in part, amounts we received from certain of our former insurance carriers and relate to the recovery of prior lead pigment and asbestos litigation defense costs incurred by NL.

 

In May 2012, we recognized a $14.7 million pre-tax gain related to the third and final closing associated with certain real property formerly owned by NL in New Jersey, based on the excess of the $15.6 million cash proceeds received over the carrying value of the property.  See Note 15 to our 2012 Annual Report.