v3.25.4
Other income, net
12 Months Ended
Dec. 31, 2025
Other income, net  
Other income, net

Note 13 – Other income, net:

Years ended December 31, 

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

(In millions)

Interest income and other:

 

  ​

 

  ​

 

  ​

Interest and dividends

 

$

21.0

 

$

21.8

 

$

16.5

Securities transactions, net

.3

.2

.1

Total

21.3

22.0

 

16.6

Infrastructure reimbursement

 

25.5

 

31.7

 

34.6

Currency transactions, net

1.4

1.6

5.4

Insurance recoveries

3.0

1.4

Gain on land sales

1.5

.5

Other, net

2.7

4.6

2.5

Total

$

55.4

$

61.8

$

59.1

Infrastructure reimbursement – Infrastructure reimbursements related to the OPA are discussed in Note 7.  LandWell also has agreements with certain utility providers servicing the Cadence master planned community under which certain costs incurred for the development of utility infrastructure may be reimbursed to LandWell. LandWell received $.3 million, $1.4 million and $.4 million in 2023, 2024 and 2025, respectively, for past costs incurred.

Insurance recoveriesKronos recognized an aggregate gain of $2.5 million in 2023 related to its Hurricane Laura business interruption claim.

NL received $.5 million and $1.4 million in insurance recoveries in 2023 and 2024, respectively. NL did not receive any insurance recoveries in 2025.