Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

v3.5.0.2
Interest and Other, Net
 6 Months Ended
Jul. 02, 2016
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
 
Six Months Ended
(In Millions)
 
Jul 2,
2016
 
Jun 27,
2015
 
Jul 2,
2016
 
Jun 27,
2015
Interest income
 
$
51

 
$
28

 
$
103

 
$
60

Interest expense
 
(187
)
 
(53
)
 
(395
)
 
(95
)
Other, net
 
10

 
12

 
84

 
48

Total interest and other, net
 
$
(126
)
 
$
(13
)
 
$
(208
)
 
$
13


Interest expense in the preceding table is net of $24 million of interest capitalized in the second quarter of 2016 and $46 million of interest capitalized in the first six months of 2016 ($69 million in the second quarter of 2015 and $150 million in the first six months of 2015).
We recognized an interest and other, net loss in the first six months of 2016 compared to a net gain in the first six months of 2015 primarily due to higher interest expense related to our $13.8 billion aggregate principal amount of 2015 and 2016 senior notes. For further information, see "Note 14: Borrowings."