Interest and Other Expense (Income), Net |
Interest and Other Expense, Net Interest and other expense, net, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 2, 2023 | | July 3, 2022 | | July 2, 2023 | | July 3, 2022 | | (In thousands) | Interest income | $ | (25,046) | | | $ | (762) | | | $ | (30,318) | | | $ | (1,357) | | Interest expense | 26,007 | | | 27,128 | | | 48,745 | | | 55,516 | | | | | | | | | | | | | | | | | | Change in fair value of financial securities | 2,023 | | | (2,909) | | | (745) | | | 9,215 | | Other components of net periodic pension cost (credit) | 2,286 | | | (2,561) | | | 4,475 | | | (5,116) | | Foreign exchange losses and other expense, net | 1,232 | | | 5,254 | | | 31,024 | | | 4,944 | | Total interest and other expense, net | $ | 6,502 | | | $ | 26,150 | | | $ | 53,181 | | | $ | 63,202 | |
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