Quarterly report pursuant to Section 13 or 15(d)

Interest and Other, Net

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Interest and Other, Net
 6 Months Ended
Jun. 28, 2014
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
 
Six Months Ended
(In Millions)
 
Jun 28,
2014
 
Jun 29,
2013
 
Jun 28,
2014
 
Jun 29,
2013
Interest income
 
$
38

 
$
26

 
$
73

 
$
49

Interest expense
 
(49
)
 
(60
)
 
(86
)
 
(133
)
Other, net
 
(6
)
 
(3
)
 
108

 
(3
)
Total interest and other, net
 
$
(17
)
 
$
(37
)
 
$
95

 
$
(87
)

Interest expense in the preceding table is net of $63 million of interest capitalized in the second quarter of 2014 and $140 million of interest capitalized in the first six months of 2014 ($67 million in the second quarter of 2013 and $121 million in the first six 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 8: Divestitures."