Other Income, Net

3 Months Ended

Mar. 31, 2019

Other Income And Expenses [Abstract]

Other Income, Net

Note 12—Other income, net:

	Three months ended March 31,
	2018			2019
	(In millions)
Securities earnings:
Dividends and interest	$	8.3		$	2.9
Securities transactions, net		—			.2
		8.3			3.1
Currency transactions, net		(5.0	)		.9
Insurance recoveries		.2			.3
Infrastructure reimbursement		3.8			1.1
Gain on land sales		12.5			—
Other, net		.6			1.2
Total	$	20.4		$	6.6

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.

Infrastructure reimbursement costs relate principally to tax increment reimbursements of our Real Estate Management and Development Segment discussed in Note 6.

In the first quarter of 2018 we sold two parcels of land not used in our operating activities.  We sold the first parcel for net proceeds of $18.9 million, and recognized a pre-tax gain on the sale of $11.9 million. In addition NL sold excess property with a nominal book value for proceeds of $.6 million.