Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

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Interest and Other, Net
3 Months Ended
Mar. 29, 2014
Interest and Other, Net [Abstract]  
Interest and Other, Net [Text Block]
Note 16: Interest and Other, Net
The components of interest and other, net for each period were as follows:
 
 
Three Months Ended
(In Millions)
 
Mar 29,
2014
 
Mar 30,
2013
Interest income
 
$
35

 
$
23

Interest expense
 
(37
)
 
(73
)
Other, net
 
114

 

Total interest and other, net
 
$
112

 
$
(50
)

Interest expense in the preceding table is net of $77 million of interest capitalized in the first three months of 2014 ($54 million in the first three months of 2013).
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. For further information, see "Note 7: Divestitures."