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Borrowings
3 Months Ended
Dec. 28, 2013
Borrowings
Borrowings
For the quarter ended December 28, 2013, the Company’s borrowing activity is as follows: 
 
September 28,
2013
 
Additions
 
Payments
 
Other
Activity(1)
 
December 28,
2013
Commercial paper borrowings
$

 
$
2,149

 
$

 
$

 
$
2,149

U.S. medium-term notes
13,155

 

 
(1,000
)
 
3

 
12,158

European medium-term notes and other foreign currency denominated borrowings
509

 
66

 
(41
)
 
(10
)
 
524

HKDL borrowings
275

 

 
(12
)
 
2

 
265

Other
349

 

 
(12
)
 
(32
)
 
305

Total
$
14,288

 
$
2,215

 
$
(1,065
)
 
$
(37
)
 
$
15,401



(1) The other activity is primarily market value adjustments for debt with qualifying hedges.

Interest income/(expense)
Interest and investment income and interest expense are reported net in the Condensed Consolidated Statements of Income. Interest expense, net of capitalized interest, for the quarters ended December 28, 2013 and December 29, 2012 was $81 million and $92 million, respectively. Interest and investment income for the quarters ended December 28, 2013 and December 29, 2012 was $130 million and $20 million, respectively. The quarter ended December 28, 2013 included net gains realized on available-for-sale and non-publicly traded cost method investments of $59 million and $46 million, respectively.