Quarterly report pursuant to Section 13 or 15(d)

Other Income and Expense

v2.4.0.6
Other Income and Expense
 3 Months Ended
Dec. 31, 2012
Other Income and Expense  
Other Income and Expense

11.       Other Income and Expense

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2012

 

2011

 

Equity in net loss of affiliates

 

$

(0.2

)

$

(0.1

)

Foreign currency exchange gain

 

0.8

 

—

 

Business acquisition costs, net

 

0.8

 

—

 

Other, net

 

(0.5

)

(0.4

)

Other income and expense, net

 

$

0.9

 

$

(0.5

)

 

The acquisition of Coperion was transacted in euros.  Business acquisition costs within other income and expense represent the foreign exchange gain recognized on euro-denominated cash required to fund the acquisition, offset by the costs of derivative contracts that hedged currency exposure on the funds required to close the transaction.