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Other Expense, Net
 6 Months Ended
Jun. 29, 2013
Other Nonoperating Income (Expense) [Abstract]  
Other Expense, Net
OTHER EXPENSE, NET
The Company’s other expense, net consisted of the following (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 29, 2013
 
June 30, 2012
 
June 29, 2013
 
June 30, 2012
Interest income
$
(2
)
 
$
(1
)
 
$
(3
)
 
$
(2
)
Interest expense
20

 
19

 
39

 
37

Other
165

 
7

 
195

 
13

Other expense, net
$
183

 
$
25

 
$
231

 
$
48


During the second quarter of 2013, the Company redeemed the full $700 million principal amount of the 2014 Senior Notes and the full $500 million principal amount of the 2019 Senior Notes. In connection with the redemption of these notes, prior to their scheduled maturities, the Company recognized a $161 million charge to other expense associated with make-whole redemption payments and the write-off of unamortized debt issuance costs (see Note 5).
During the first quarter of 2013, the Company recorded a $29 million charge to other expense to adjust the carrying value of the pre-existing CardioMEMS equity investment and fixed price purchase option to fair value. See Note 2 for further detail on the accounting for CardioMEMS as a variable interest entity, which has been consolidated into the Company's results in the first quarter of 2013.