Quarterly report pursuant to Section 13 or 15(d)

Other Income (Expense), Net

v2.4.0.8
Other Income (Expense), Net
3 Months Ended
Dec. 31, 2013
Other Income (Expense), Net  
Other Income (Expense), Net

12.       Other Income (Expense), Net

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2013

 

2012

 

Equity in net income (loss) of affiliates

 

$

(0.2

)

$

(0.2

)

Foreign currency exchange gain (loss)

 

(0.3

)

0.8

 

Business acquisition and integration costs, net

 

 

0.8

 

Other, net

 

0.4

 

(0.5

)

Other income and expense, net

 

$

(0.1

)

$

0.9

 

 

The acquisition of Coperion was transacted in euros.  Business acquisition and integration costs, net 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.