Other Expense, Net

6 Months Ended

Jun. 28, 2014

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 28,			June 29,			June 28,			June 29,
(In millions)		2014			2013			2014			2013
Interest Income		$	16.0		$	7.1		$	27.9		$	14.3
Interest Expense			(129.1)			(64.4)			(246.9)			(128.8)
Other Items, Net			1.5			(38.1)			6.3			(25.1)
Other Expense, Net		$	(111.6)		$	(95.4)		$	(212.7)		$	(139.6)

Other Items, Net

In the first six months of 2014, other items, net includes $5 million of gains from the sale of equity and available-for-sale investments. In the 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 acquisition of Life Technologies, offset in part by a $2 million gain from additional proceeds from the prior 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.