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Other Income, Net
 3 Months Ended
Mar. 31, 2017
Other Income And Expenses [Abstract]  
Other Income, Net

Note 12—Other income, net:

 

 

Three months ended
March 31,

 

 

2016

 

 

2017

 

 

(In millions)

 

Securities earnings:

 

 

 

 

 

 

 

Dividends and interest

$

6.7

 

 

$

7.0

 

Securities transactions, net

 

.1

 

 

 

—

 

Total

 

6.8

 

 

 

7.0

 

Currency transactions, net

 

2.3

 

 

 

(.2

)

Insurance recoveries

 

.1

 

 

 

.1

 

Business interruption insurance proceeds

 

2.0

 

 

 

—

 

Other, net

 

.2

 

 

 

.7

 

Total

$

11.4

 

 

$

7.6

 

 

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. See Note 16.

We recognized $2.0 million in income related to cash Kronos received in the first quarter of 2016 from settlement of a business interruption insurance claim arising in 2014.  Kronos collected an additional $1.4 million related to this same claim in April 2016.