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              [html]<thead><tr><td>Fiscal year</td><td>2014</td><td>2013</td><td>2012</td></tr></thead><tbody><tr><td>Interest on long - term debt and short - term borrowings</td><td>$ 156</td><td>$ 176</td><td>$ 167</td></tr><tr><td>Less :</td><td></td><td></td><td></td></tr><tr><td>Interest income</td><td>( 1 )</td><td>( 1 )</td><td>( 2 )</td></tr><tr><td>Capitalized interest</td><td>( 17 )</td><td>( 14 )</td><td>( 5 )</td></tr><tr><td>Interest expense, net</td><td>$ 138</td><td>$ 161</td><td>$ 160</td></tr></tbody>
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