Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

 v2.3.0.11
Interest and Other, Net
 6 Months Ended
Jul. 02, 2011
Interest and Other, Net [Abstract]  
Interest and Other, Net

Note 14: Interest and Other, Net

 

The components of interest and other, net were as follows:

  Three Months Ended   Six Months Ended
  July 2,   June 26,   July 2,   June 26,
(In Millions) 2011   2010   2011   2010
Interest income $ 20   $ 29   $ 48   $ 55
Interest expense   —     —     (6)     —
Other, net   1     (18)     164     (15)
Total interest and other, net $ 21   $ 11   $ 206   $ 40

In the first quarter of 2011, we recognized a gain upon formation of the Intel and GE joint venture, Care Innovations, of $164 million, included within “other, net,” in the table above. See “Note 11: Equity Method Investments,” for further information.