Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

v3.2.0.727
Interest and Other, Net
 6 Months Ended
Jun. 27, 2015
Interest and Other, Net [Abstract]  
Interest and Other, Net [Text Block]
Note 17: Interest and Other, Net
The components of interest and other, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jun 27,
2015
 
Jun 28,
2014
 
Jun 27,
2015
 
Jun 28,
2014
Interest income
 
$
28

 
$
38

 
$
60

 
$
73

Interest expense
 
(53
)
 
(49
)
 
(95
)
 
(86
)
Other, net
 
12

 
(6
)
 
48

 
108

Total interest and other, net
 
$
(13
)
 
$
(17
)
 
$
13

 
$
95


Interest expense in the preceding table is net of $69 million of interest capitalized in the second quarter of 2015 and $150 million of interest capitalized in the first six months of 2015 ($63 million in the second quarter of 2014 and $140 million in the first six months of 2014).
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.