Interest (Income) Expense

6 Months Ended

Jun. 29, 2024

Banking and Thrift, Interest [Abstract]

10. Interest (Income) Expense

The components of net interest (income) expense for the second quarter and first six months of 2024 and 2023 are as follows (in thousands):


	Three Months (13 Weeks) Ended						Six Months (26 Weeks) Ended
	June 29, 2024			July 1, 2023			June 29, 2024			July 1, 2023
Interest expense	$	66,852		$	60,806		$	110,339		$	123,488
Interest income		(69,158	)		(56,208	)		(150,432	)		(108,707	)
Interest (income) expense, net	$	(2,306	)	$	4,598		$	(40,093	)	$	14,781

- Definition

The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities.

+ References

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+ Details