Quarterly report pursuant to Section 13 or 15(d)

Other Income and Expense, Net

v2.4.0.6
Other Income and Expense, Net
 6 Months Ended
Mar. 31, 2013
Other Income and Expense, Net  
Other Income and Expense, Net

11.       Other Income and Expense, Net

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Equity in net income (loss) of affiliates

 

$

(0.4

)

$

0.5

 

$

(0.6

)

$

0.4

 

Foreign currency exchange gain (loss)

 

0.3

 

(0.2

)

1.1

 

(0.2

)

Business acquisition costs, net

 

—

 

—

 

0.8

 

—

 

Other, net

 

(0.2

)

(0.6

)

(0.7

)

(1.0

)

Other income and expense, net

 

$

(0.3

)

$

(0.3

)

$

0.6

 

$

(0.8

)

 

The acquisition of Coperion was transacted in euros during our first fiscal quarter of 2013.  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.