Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

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Interest and Other, Net
 3 Months Ended
Apr. 02, 2016
Interest and Other, Net [Abstract]  
Interest and Other, Net [Text Block]
Note 18: Interest and Other, Net
The components of interest and other, net for each period were as follows:
 
 
Three Months Ended
(In Millions)
 
Apr 2,
2016
 
Mar 28,
2015
Interest income
 
$
52

 
$
32

Interest expense
 
(208
)
 
(42
)
Other, net
 
74

 
36

Total interest and other, net
 
$
(82
)
 
$
26


Interest expense in the preceding table is net of $22 million of interest capitalized in the first three months of 2016 ($81 million in the first three months of 2015).
During the first three months of 2016, we recognized an interest and other, net loss primarily due to higher interest expense related to the 2015 issuances of our $9.5 billion aggregate principal amount of senior unsecured notes. For further information on these transactions, see "Note 14: Borrowings."