Other Financial Data (Tables)

3 Months Ended

Apr. 02, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other charges (income) included in Operating earnings consist of the following:



	Three Months Ended
	April 2, 2016		April 4, 2015
Other charges:
Intangibles amortization	$	13	$	2
Reorganization of business	7		12
Acquisition related transaction fees	13		—
	$	33	$	14

Other Income (Expense)

Interest expense, net, and Other, both included in Other income (expense), consist of the following:



	Three Months Ended
	April 2, 2016			April 4, 2015
Interest income (expense), net:
Interest expense	$	(53	)	$	(43	)
Interest income	4			3
	$	(49	)	$	(40	)
Other:
Foreign currency gain	$	13		$	18
Loss on derivative instruments	(12		)	(17		)
Gains on equity method investments	1			—
Realized foreign currency loss on acquisition	(10		)	—
Other	—			2
	$	(8	)	$	3

Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:



	Amounts attributable to Motorola Solutions, Inc. common stockholders
	Earnings from Continuing Operations, net of tax				Net Earnings
Three Months Ended	April 2, 2016		April 4, 2015		April 2, 2016		April 4, 2015
Basic earnings per common share:
Earnings	$	17	$	87	$	17	$	74
Weighted average common shares outstanding	174.5		215.3		174.5		215.3
Per share amount	$	0.10	$	0.40	$	0.10	$	0.34
Diluted earnings per common share:
Earnings	$	17	$	87	$	17	$	74
Weighted average common shares outstanding	174.5		215.3		174.5		215.3
Add effect of dilutive securities:
Share-based awards	2.5		2.5		2.5		2.5
Diluted weighted average common shares outstanding	177.0		217.8		177.0		217.8
Per share amount	$	0.10	$	0.40	$	0.10	$	0.34

Accounts Receivable, Net

Accounts receivable, net, consists of the following:



	April 2, 2016			December 31, 2015
Accounts receivable	$	1,179		$	1,390
Less allowance for doubtful accounts	(31		)	(28		)
	$	1,148		$	1,362

Long-term receivables consist of receivables with payment terms greater than twelve months, long-term loans and lease receivables under sales-type leases. Long-term receivables consist of the following:



	April 2, 2016			December 31, 2015
Long-term receivables	$	42		$	60
Less current portion	(13		)	(13		)
Gross non-current long-term receivables	$	29		$	47

Inventories, Net

Inventories, net, consist of the following:



	April 2, 2016			December 31, 2015
Finished goods	$	163		$	151
Work-in-process and production materials	271			287
	434			438
Less inventory reserves	(147		)	(142		)
	$	287		$	296

Other Current Assets

Other current assets consist of the following:



	April 2, 2016		December 31, 2015
Available-for-sale securities	$	47	$	438
Costs and earnings in excess of billings	324		374
Tax-related refunds receivable	110		44
Other	145		98
	$	626	$	954

Property, Plant And Equipment, Net

Property, plant and equipment, net, consists of the following:



	April 2, 2016			December 31, 2015
Land	$	17		$	17
Building	521			523
Machinery and equipment	2,109			1,585
	2,647			2,125
Less accumulated depreciation	(1,650		)	(1,638		)
	$	997		$	487

Investments

Investments consist of the following:



April 2, 2016	Cost Basis		Unrealized Gains		Investments
Available-for-sale securities:
Government, agency, and government-sponsored enterprise obligations	$	52	$	—	$	52
Corporate bonds	7		—		7
Common stock	—		2		2
	59		2		61
Other investments, at cost	204		—		204
Equity method investments	10		—		10
	$	273	$	2	$	275
Less: current portion of available-for-sale securities					47
					$	228



December 31, 2015	Cost Basis		Unrealized Gains		Unrealized Losses			Investments
Available-for-sale securities:
Government, agency, and government-sponsored enterprise obligations	$	455	$	—	$	(11	)	$	444
Corporate bonds	7		—		—			7
Common stock	—		6		—			6
	462		6		(11		)	457
Other investments, at cost	203		—		—			203
Equity method investments	9		—		—			9
	674		6		(11		)	669
Less: current portion of available-for-sale securities								438
								$	231

Other Assets

Other assets consist of the following:



	April 2, 2016		December 31, 2015
Intangible assets, net	$	669	$	49
Long-term receivables	29		47
Defined benefit plan assets	135		128
Other	51		47
	$	884	$	271

Accrued Liabilities

Accrued liabilities consist of the following:



	April 2, 2016		December 31, 2015
Deferred revenue	$	399	$	390
Compensation	167		241
Billings in excess of costs and earnings	301		337
Tax liabilities	49		48
Dividend payable	72		71
Trade liabilities	133		135
Other	483		449
	$	1,604	$	1,671

Other Liabilities

Other liabilities consist of the following:



	April 2, 2016		December 31, 2015
Defined benefit plans	$	1,511	$	1,512
Postretirement Health Care Benefit Plan	46		49
Deferred revenue	113		113
Unrecognized tax benefits	42		50
Deferred income taxes	141		—
Deferred consideration (Note 14)	82		—
Other	196		180
	$	2,131	$	1,904

Changes in Accumulated Other Comprehensive Loss

The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the condensed consolidated statements of operations during the three months ended April 2, 2016 and April 4, 2015:



	Three Months Ended
	April 2, 2016			April 4, 2015
Foreign Currency Translation Adjustments:
Balance at beginning of period	$	(266	)	$	(204	)
Other comprehensive income (loss) before reclassification adjustment	14			(27		)
Tax (expense) benefit	(1		)	1
Other comprehensive income (loss), net of tax	13			(26		)
Balance at end of period	$	(253	)	$	(230	)
Available-for-Sale Securities:
Balance at beginning of period	$	(3	)	$	44
Other comprehensive loss before reclassification adjustment	—			(7		)
Tax benefit	—			3
Other comprehensive loss before reclassification adjustment, net of tax	—			(4		)
Reclassification adjustment into Gains (losses) on sales of investments and businesses, net	6			(46		)
Tax expense (benefit)	(2		)	17
Reclassification adjustment into Gains (losses) on sales of investments and businesses, net of tax	4			(29		)
Other comprehensive income (loss), net of tax	4			(33		)
Balance at end of period	$	1		$	11
Defined Benefit Plans:
Balance at beginning of period	$	(1,597	)	$	(1,695	)
Reclassification adjustment - Actuarial net losses into Selling, general, and administrative expenses	10			19
Reclassification adjustment - Prior service benefits into Selling, general, and administrative expenses	(5		)	(17		)
Tax benefit	(1		)	(1		)
Reclassification adjustment into Selling, general, and administrative expenses, net of tax	4			1
Other comprehensive income, net of tax	4			1
Balance at end of period	$	(1,593	)	$	(1,694	)

Total Accumulated other comprehensive loss	$	(1,845	)	$	(1,913	)