Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

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Interest and Other, Net
 9 Months Ended
Sep. 27, 2014
Interest and Other, Net [Abstract]  
Interest and Other, Net [Text Block]
Note 19: Interest and Other, Net
The components of interest and other, net for each period were as follows:
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 27,
2014
 
Sep 28,
2013
 
Sep 27,
2014
 
Sep 28,
2013
Interest income
 
$
35

 
$
24

 
$
108

 
$
73

Interest expense
 
(53
)
 
(56
)
 
(139
)
 
(189
)
Other, net
 
(7
)
 
—

 
101

 
(3
)
Total interest and other, net
 
$
(25
)
 
$
(32
)
 
$
70

 
$
(119
)

Interest expense in the preceding table is net of $63 million of interest capitalized in the third quarter of 2014 and $203 million of interest capitalized in the first nine months of 2014 ($55 million in the third quarter of 2013 and $176 million in the first nine months of 2013).
During the first quarter of 2014, we completed the divestiture of our Intel Media assets. As a result of the transaction, we recognized a gain within "other, net" in the preceding table. For further information, see "Note 8: Divestitures."