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Other Expense, Net
 6 Months Ended
Jun. 28, 2014
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 28, 2014
 
June 29, 2013
 
June 28, 2014
 
June 29, 2013
Interest income
$
(1
)
 
$
(2
)
 
$
(2
)
 
$
(3
)
Interest expense
21

 
20

 
42

 
39

Other
1

 
165

 
1

 
195

Other expense, net
$
21

 
$
183

 
$
41

 
$
231


During the second quarter of 2013, the Company fully redeemed its $700 million principal amount of 5-year, 3.75% unsecured senior notes originally due in 2014 and its $500 million principal amount of 10-year, 4.875% unsecured senior notes originally due in 2019. In connection with the redemption of these notes, prior to their scheduled maturities, the Company recognized a $161 million debt retirement charge to other expense primarily associated with make-whole redemption payments and the write-off of unamortized debt issuance costs.
Additionally, 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.