Other Expense, Net

6 Months Ended

Jun. 29, 2013

Other Expense, Net Disclosure

Other Expense, Net [Text Block]

Note 4.Other Expense, Net

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

		Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
(In millions)		2013			2012			2013			2012
Interest Income		$	7.1		$	6.7		$	14.3		$	13.1
Interest Expense			(64.4)			(57.4)			(128.8)			(115.1)
Other Items, Net			(38.1)			1.3			(25.1)			2.2
		$	(95.4)		$	(49.4)		$	(139.6)		$	(99.8)

Other Items, Net

       In the second quarter and first six months of 2013, other items, net includes $41 million of charges related to amortization of fees paid to obtain bridge financing commitments related to the Life Technologies Acquisition, offset in part by a $2 million gain from additional proceeds from the 2012 sale of an equity investment.

In the first quarter of 2013, the company irrevocably contributed appreciated available-for-sale investments that had a fair value of $27 million to two of its U.K. defined benefit plans, resulting in realization of a previously unrecognized gain of $11 million.