Other Expense, Net

6 Months Ended

Jun. 30, 2018

Other Income and Expenses [Abstract]

Other Expense, net

Other Expense, net

Items included in other expense, net consist of:

	Three Months Ended June 30,						Six Months Ended June 30,
(in millions)	2018			2017			2018			2017
Restructuring expense	$	31.2		$	—		$	38.7		$	—
Merger, acquisition and divestiture expense	1.0			—			3.2			—
Lease termination settlement	—			—			—			5.3
Other (income) expense	(1.8		)	(0.3		)	(6.6		)	0.2
Other expense (income), net	$	30.4		$	(0.3	)	$	35.3		$	5.5

During the three and six months ended June 30, 2018, the Company recorded restructuring expense of $31.2 million and $38.7 million, respectively. This restructuring expense primarily relates to Drivetrain and Engine segment actions designed to improve future profitability and competitiveness. See the Restructuring footnote to the Condensed Consolidated Financial Statements for further discussion of these expenses.

During the three and six months ended June 30, 2018, the Company recorded $1.0 million and $3.2 million of merger, acquisition and divestiture expense primarily related to professional fees associated with divestiture activities for the non-core pipe and thermostat product lines, respectively. See the Assets and Liabilities Held for Sale footnote to the Condensed Consolidated Financial Statements for further discussion.

During the first three months of 2018, the Company recorded a gain of approximately $4.0 million related to the settlement of a commercial contract for an entity acquired in the 2015 Remy acquisition.

During the first three months of 2017, the Company recorded a loss of $5.3 million related to the termination of a long term property lease for a manufacturing facility located in Europe.