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OTHER EXPENSE, NET | 6 Months Ended
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Dec. 25, 2016
Other Income and Expenses [Abstract] |
OTHER EXPENSE, NET | OTHER EXPENSE, NET The significant components of other expense, net, are as follows:
| Three Months Ended |  | Six Months Ended
| December 25, 2016 |  | December 27, 2015 |  | December 25, 2016 |  | December 27, 2015
| (in thousands)
Interest income | $ | 10,945 |  |  | $ | 6,729 |  |  | $ | 23,708 |  |  | $ | 12,489 |
Interest expense | (26,641 | ) |  | (38,577 | ) |  | (68,070 | ) |  | (63,238 | )
Gains (losses) on deferred compensation plan related assets, net | 1,666 |  |  | 1,983 |  |  | 7,838 |  |  | (3,181 | )
Loss on extinguishment of debt | (36,325 | ) |  | — |  |  | (36,325 | ) |  | — |
Foreign exchange gains (losses), net | 1,011 |  |  | 512 |  |  | 2,230 |  |  | (186 | )
Other, net | (5,679 | ) |  | (582 | ) |  | (7,558 | ) |  | (2,940 | )
| $ | (55,023 | ) |  | $ | (29,935 | ) |  | $ | (78,177 | ) |  | $ | (57,056 | )
Interest income in the three and six months ended December 25, 2016 increased, as compared to the three and six months ended December 27, 2015, due to higher cash balances and higher yield. Interest expense in the three months ended December 25, 2016 decreased, as compared to the three months ended December 27, 2015, primarily due to the maturity of the Convertible Notes due 2016 and the termination of the October 2015 bridge financing arrangement. Interest expense in the six months ended December 25, 2016 increased, as compared to the six months ended December 27, 2015, primarily due to interest expense associated with the $2.4 billion Senior Note issuance in the three months ended June 26, 2016. Loss on extinguishment of debt realized in the three months ended December 25, 2016 is a result of the mandatory redemption of the Senior notes due 2023 and 2026, as well as the termination of the Term Loan Agreement (refer to Note 11 and Note 15 for additional details regarding our debt redemptions and termination).

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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