Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

v3.5.0.2
Interest and Other, Net
 9 Months Ended
Oct. 01, 2016
Other Nonoperating Income (Expense) [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)
 
Oct 1,
2016
 
Sep 26,
2015
 
Oct 1,
2016
 
Sep 26,
2015
Interest income
 
$
56

 
$
31

 
$
159

 
$
91

Interest expense
 
(180
)
 
(116
)
 
(575
)
 
(211
)
Other, net
 
(8
)
 
(19
)
 
76

 
29

Total interest and other, net
 
$
(132
)
 
$
(104
)
 
$
(340
)
 
$
(91
)

Interest expense in the preceding table is net of $36 million of interest capitalized in the third quarter of 2016 and $82 million of interest capitalized in the first nine months of 2016 ($52 million in the third quarter of 2015 and $202 million in the first nine months of 2015).
We recognized a higher interest and other, net loss in the three and nine months ended October 1, 2016 compared to the three and nine months ended September 26, 2015 primarily due to higher interest expense from debt issued or acquired in 2015 and 2016. For further information, see "Note 14: Borrowings."