Other Income, Net

3 Months Ended

Mar. 31, 2014

Other Income, Net

Note 12—Other income, net:

	Three months ended March 31,
	2013			2014
	(In millions)
Securities earnings:
Dividends and interest	$	6.5		$	6.7
Securities transactions, net		.1			.1
Total		6.6			6.8
Equity in earnings of investees		(.3	)		(.1	)
Currency transactions, net		1.7			(2.7	)
Insurance recoveries		.6			.8
Other, net		.2			.3
Total	$	8.8		$	5.1

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

Equity in earnings of investees in 2013 primarily related to our investment in BMI and LandWell, see Note 3.