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OTHER EXPENSE, NET | 9 Months Ended
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Mar. 26, 2017
Other Income and Expenses [Abstract] |
OTHER EXPENSE, NET | OTHER EXPENSE, NET The significant components of other expense, net, are as follows:
| Three Months Ended |  | Nine Months Ended
| March 26, 2017 |  | March 27, 2016 |  | March 26, 2017 |  | March 27, 2016
| (in thousands)
Interest income | $ | 16,345 |  |  | $ | 8,148 |  |  | $ | 40,053 |  |  | $ | 20,637 |
Interest expense | (24,752 | ) |  | (38,056 | ) |  | (92,822 | ) |  | (101,294 | )
Gains (losses) on deferred compensation plan related assets, net | 4,294 |  |  | (999 | ) |  | 12,131 |  |  | (4,180 | )
Loss on extinguishment of debt | — |  |  | — |  |  | (36,325 | ) |  | — |
Foreign exchange gains, net | 679 |  |  | 2,457 |  |  | 2,910 |  |  | 2,271 |
Other, net | (4,404 | ) |  | (1,384 | ) |  | (11,962 | ) |  | (4,324 | )
| $ | (7,838 | ) |  | $ | (29,834 | ) |  | $ | (86,015 | ) |  | $ | (86,890 | )
Interest income in the three and nine months ended March 26, 2017 increased, as compared to the three and nine months ended March 27, 2016, due to higher cash and investment balances and higher yield. Interest expense decreased in the March 2017 quarter, as compared to the March 2016 quarter, due to the termination of the October 2015 bridge financing arrangement. Interest expense increased in the nine months ended March 26, 2017 as compared to the nine months ended March 27, 2016, primarily due to interest cost and fees 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 nine months ended March 26, 2017 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). The increase in Other, net in the three and nine months ended March 26, 2017, as compared to the three and nine months ended March 27, 2016, is primarily due to increased charitable contributions.

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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=63488584&loc=d3e20235-122688 + Details
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