Other Expense, Net

9 Months Ended

Sep. 29, 2012

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						Nine Months Ended
	September 29,			October 1,			September 29,			October 1,
(In millions)		2012			2011			2012			2011
Interest Income		$	5.9		$	6.8		$	19.0		$	18.4
Interest Expense			(60.3)			(49.5)			(175.4)			(116.2)
Other Items, Net			(1.4)			(6.9)			0.8			15.2
		$	(55.8)		$	(49.6)		$	(155.6)		$	(82.6)

Other Items, Net

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. In the nine months 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.