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Other Financial Statement Details
6 Months Ended
Jul. 02, 2022
Other Financial Statement Details [Abstract]  
Other Financial Statement Details
Note 4 : Other Financial Statement Details
Inventories
(In Millions)
Jul 2, 2022Dec 25, 2021
Raw materials
$1,587 $1,441 
Work in process
6,164 6,656 
Finished goods
4,423 2,679 
Total inventories$12,174 $10,776 
Interest and Other, Net
 Three Months EndedSix Months Ended
(In Millions)
Jul 2, 2022Jun 26, 2021Jul 2, 2022Jun 26, 2021
Interest income
$98 $37 $145 $74 
Interest expense
(109)(129)(233)(319)
Other, net
(108)(4)966 (7)
Total interest and other, net$(119)$(96)$878 $(252)
Interest expense is net of $154 million of interest capitalized in the second quarter of 2022 and $296 million in the first six months of 2022 ($96 million in the second quarter of 2021 and $193 million in the first six months of 2021). Other, net in the first six months of 2022 includes a gain of $1.0 billion resulting from the divestiture of our NAND memory business as more fully described in "Note 7: Acquisitions and Divestitures" within Notes to Consolidated Condensed Financial Statements.