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Other (Income) Expense, Net
12 Months Ended
Dec. 31, 2011
Other (Income) Expense, Net [Abstract]  
Other (Income) Expense, Net

13. Other (Income) Expense, Net

The components of other (income) expense, net, for the following years ended December 31 are:

 

      2011     2010     2009  
(dollars in millions)                   

Interest income

   $ (3.5   $ (3.7   $ (3.6

Foreign exchange losses (gains)

     2.0        (0.7     (1.5

Legal settlements and commitments

     246.5        —          —     

Impairment charges for bonds

     11.5        —          —     

Restructuring

     7.8        16.7        15.4   

Asset dispositions

     —          —          7.2   

Insurance settlements, net

     —          —          7.0   

Acquisition related items

     4.4        9.3        3.2   

Other, net

     3.2        3.0        2.8   
  

 

 

   

 

 

   

 

 

 

Total other (income) expense, net

   $ 271.9      $ 24.6      $ 30.5   
  

 

 

   

 

 

   

 

 

 

Legal settlements and commitments—In 2011, the amount reflected the estimated costs of settling all Hernia Product Claims (other than the putative class action lawsuits), including costs to administer the settlements, and the charge associated with the preliminary agreement to resolve claims with respect to the Brachytherapy Matter (see Note 10 of the notes to consolidated financial statements). The amount also reflected certain other legal settlements and commitments.

Impairment charges for bonds—See Note 6 of the notes to consolidated financial statements.

Restructuring—See Note 3 of the notes to consolidated financial statements.

Asset dispositions—In 2009, the amount reflected non-cash charges for asset write-offs primarily related to the company's decision to discontinue a hernia repair xenograft device.

 

Insurance settlements, net—In 2009, the amount reflected a charge for an insurance settlement, partially offset by an unrelated insurance recovery. See Note 10 of the notes to consolidated financial statements.

Acquisition related items—The amounts consist of acquisition related integration costs. See Note 2 of the notes to consolidated financial statements.