``In February 1999, the Company completed the sale of a 51% interest in its In-Flight Entertainment (``IFE``) business to Sextant Avionique, Inc. (``Sextant``), a wholly owned subsidiary of Sextant Avionique, S.A. (the ``IFE Sale``) for approximately $62.0 in cash. In October 1999, the Company completed the sale of its remaining 49% equity interest in IFE to Sextant. Terms of the agreement provided for the Company to receive two payments totaling $31.4, and a third payment based on actual sales and bookings as defined in the agreement (the ``IFE obligations``). Sextant had not made any of the payments related to the IFE obligations in accordance with the terms of the purchase and sale agreement. The Company initiated arbitration proceedings to compel payment. Sextant counterclaimed against the Company, claiming various breaches of the IFE Sale agreements. In February 2003, an arbitration panel resolved the dispute by awarding BE Aerospace, Inc. a net amount of $7.8. In connection with this decision, the Company recorded a charge of $29.5 in the accompanying consolidated statement of operations for the transition period ended December 31, 2002. This charge represented the difference between the balance of the IFE obligations receivable and the net amount awarded to the Company as of December 31, 2002. During 2003, the Company received $9.0 in connection with the final matters related to this dispute, which was recorded as a reduction of selling, general and administrative expenses.``