Other operating expenses (income), net consist of the following (in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Net losses (gains) on disposal of assets, restaurant closures and refranchisings	$	1.0		$	(3.9	)	$	16.3		$	(3.4	)
Litigation settlements and reserves, net		0.9			0.3			1.6			1.9
Net losses (gains) on derivatives		—			25.9			—			38.8
Net losses (gains) on foreign exchange		(12.1	)		11.8			12.0			34.3
Other, net		(1.1	)		1.1			(0.4	)		1.2

Other operating expenses (income), net	$	(11.3	)	$	35.2		$	29.5		$	72.8