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Other Expense, Net
9 Months Ended
Oct. 01, 2011
Other Expense, Net Disclosure 
Other Expense, Net

4.       Other Expense, Net

       The components of other expense, net, in the accompanying statement of income are as follows:

 

    Three Months Ended Nine Months Ended
    October 1,October 2, October 1,October 2,
(In millions) 2011 2010 2011 2010
               
Interest Income $ 6.8 $ 3.4 $ 18.4 $ 8.7
Interest Expense   (49.5)   (19.1)   (116.2)   (65.2)
Other Items, Net   (7.6)   0.3   14.8   (20.6)
               
  $ (50.3) $ (15.4) $ (83.0) $ (77.1)

       In the three-month period ended October 1, 2011, other items, net includes $5 million of losses on currency exchange contracts associated with the acquisition of Phadia (see Note 12). In the nine-month period ended October 1, 2011, other items, net includes $28 million of gains on currency exchange contracts associated with the acquisition of Phadia, offset in part by $10 million of fees associated with a short-term financing commitment to fund the Phadia acquisition. In the three- and nine- month periods ended October 2, 2010, other items, net includes $1 million and $17 million, respectively, of charges for the early extinguishment of debt.