Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.5.0.2
Debt (Tables)
 9 Months Ended
Sep. 24, 2016
Debt Disclosure [Abstract]  
Convertible Debt
The 2.125% Notes consisted of the following:
 
September 24,
2016
 
(In millions)
Principal amounts:
 
Principal
$
700

Unamortized debt discount(1)
(273
)
Unamortized debt issuance costs
(12
)
Net carrying amount
$
415

Carrying amount of the equity component(2)
$
266


(1) 
Included in the consolidated balance sheets within Long-term debt, net and amortized over the remaining life of the notes on the straight-line basis as it approximates the effective interest rate method.
(2) 
Included in the consolidated balance sheets within additional paid-in capital, net of $8 million in equity issuance costs.
The following table sets forth total interest expense recognized related to the 2.125% Notes for the three months ended September 24, 2016:

 
September 24,
2016
 
(In millions)
Contractual interest expense
$
—

Interest cost related to amortization of debt issuance costs
—

Interest cost related to amortization of the debt discount
$
1