Annual report pursuant to Section 13 and 15(d)

Interest and Other, Net

v3.3.1.900
Interest and Other, Net
 12 Months Ended
Dec. 26, 2015
Interest and Other, Net [Abstract]  
Interest and Other, Net [Text Block]
Note 21: Interest and Other, Net
The components of interest and other, net for each period were as follows:
Years Ended
(In Millions)
 
Dec 26,
2015
 
Dec 27,
2014
 
Dec 28,
2013
Interest income
 
$
124

 
$
141

 
$
104

Interest expense
 
(337
)
 
(192
)
 
(244
)
Other, net
 
108

 
94

 
(11
)
Total interest and other, net
 
$
(105
)

$
43


$
(151
)

Interest expense in the preceding table is net of $258 million of interest capitalized in 2015 ($276 million in 2014 and $246 million in 2013).
During 2015, we recognized an interest and other, net loss primarily due to higher interest expense, which includes the 2015 issuances of our $9.5 billion aggregate principal amount of senior unsecured notes. For further information on these transactions, see "Note 15: Borrowings." This was partially offset by divestiture gains recognized in 2015. For further information on these transactions, see "Note 9: Divestitures."
During 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 9: Divestitures."