OTHER

Other general expense - net

Included in Other general expense - net were the following:



(Thousands of dollars)	Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013			2014		2013
Provisions for environmental matters - net	$	11,209	$	584		$	11,034	$	2,353
Loss on disposition of assets	664		495			1,037		2,818
Adjustments to prior provisions for qualified exit costs			(245		)			95
Total	$	11,873	$	834		$	12,071	$	5,266

Provisions for environmental matters - net represent site-specific increases or decreases to environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Environmental-related accruals are not recorded net of insurance proceeds in accordance with the Offsetting Subtopic of the Balance Sheet Topic of the ASC. See Note 8 for further details on the Company’s environmental-related activities.

The loss on disposition of assets represents net realized losses associated with the disposal of fixed assets previously used in the conduct of the primary business of the Company.

The adjustments to prior provisions for qualified exit costs represent site specific increases or decreases to accrued qualified exit costs as adjustments for costs of employee terminations are required or as information becomes available upon which more accurate amounts can be reasonably estimated. See Note 6 for further details on the Company’s exit or disposal activities.

Other (income) expense - net

Included in Other (income) expense - net were the following:



(Thousands of dollars)	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Dividend and royalty income	$	(1,287	)	$	(1,128	)	$	(3,533	)	$	(4,765	)
Net expense from financing activities	2,706			2,508			8,175			7,251
Foreign currency transaction related (gains) losses	(481		)	2,594			547			8,538
Other income	(18,657		)	(3,981		)	(31,936		)	(18,400		)
Other expense	3,126			3,501			7,510			8,864
Total	$	(14,593	)	$	3,494		$	(19,237	)	$	1,488

The net expense from financing activities includes the net expense relating to the change in the Company’s financing fees.

Foreign currency transaction related (gains) losses represent net realized (gains) losses on U.S. dollar-denominated liabilities of foreign subsidiaries and net realized and unrealized (gains) losses from foreign currency option and forward contracts. There were no foreign currency option and forward contracts outstanding at September 30, 2014 and 2013.

Other income and Other expense included items of revenue, gains, expenses and losses that were unrelated to the primary business purpose of the Company. Other income for the three and nine months ended September 30, 2014 included a $6,336 gain on the early termination of a customer agreement recorded in the Global Finishes Group and a $6,198 realized gain resulting from final asset valuations related to the acquisition of the U.S./Canada business of Comex recorded in the Administrative segment. There were no other items within the other income or other expense caption that were individually significant.