Other Financial Data (Tables)

6 Months Ended

Jul. 02, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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



	Three Months Ended					Six Months Ended
	July 2, 2016		July 4, 2015			July 2, 2016		July 4, 2015
Other charges:
Intangibles amortization	$	38	$	3		$	52	$	4
Reorganization of business	19		13			25		26
Building impairment	17		—			17		—
Non-U.S. pension curtailment gain	—		(32		)	—		(32		)
Acquisition-related transaction fees	—		—			13		—
	$	74	$	(16	)	$	107	$	(2	)

Other Income (Expense)

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



	Three Months Ended						Six Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Interest income (expense), net:
Interest expense	$	(59	)	$	(42	)	$	(111	)	$	(86	)
Interest income	5			3			8			7
	$	(54	)	$	(39	)	$	(103	)	$	(79	)
Other:
Investment impairments	—			(3		)	—			(3		)
Foreign currency gain (loss)	14			(11		)	$	27		$	7
Gain (loss) on derivative instruments	(18		)	4			(30		)	(12		)
Gains on equity method investments	—			4			2			4
Realized foreign currency loss on acquisition	—			—			(10		)	—
Other	—			2			—			3
	$	(4	)	$	(4	)	$	(11	)	$	(1	)

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	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Basic earnings per common share:
Earnings	$	107	$	150	$	107	$	142
Weighted average common shares outstanding	171.9		208.0		171.9		208.0
Per share amount	$	0.62	$	0.72	$	0.62	$	0.68
Diluted earnings per common share:
Earnings	$	107	$	150	$	107	$	142
Weighted average common shares outstanding	171.9		208.0		171.9		208.0
Add effect of dilutive securities:
Share-based awards	2.4		1.5		2.4		1.5
Senior Convertible Notes	0.5		—		0.5		—
Diluted weighted average common shares outstanding	174.8		209.5		174.8		209.5
Per share amount	$	0.61	$	0.72	$	0.61	$	0.68



	Amounts attributable to Motorola Solutions, Inc. common stockholders
	Earnings from Continuing Operations, net of tax				Net Earnings
Six Months Ended	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Basic earnings per common share:
Earnings	$	124	$	238	$	124	$	217
Weighted average common shares outstanding	173.0		211.7		173.0		211.7
Per share amount	$	0.72	$	1.12	$	0.72	$	1.03
Diluted earnings per common share:
Earnings	$	124	$	238	$	124	$	217
Weighted average common shares outstanding	173.0		211.7		173.0		211.7
Add effect of dilutive securities:
Share-based awards	2.4		2.1		2.4		2.1
Senior Convertible Notes	0.3		—		0.3		—
Diluted weighted average common shares outstanding	175.7		213.8		175.7		213.8
Per share amount	$	0.71	$	1.11	$	0.71	$	1.01

Accounts Receivable, Net

Accounts receivable, net, consists of the following:



	July 2, 2016			December 31, 2015
Accounts receivable	$	1,122		$	1,390
Less allowance for doubtful accounts	(39		)	(28		)
	$	1,083		$	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:



	July 2, 2016			December 31, 2015
Long-term receivables	$	54		$	60
Less current portion	(12		)	(13		)
Gross non-current long-term receivables	$	42		$	47

Inventories, Net

Inventories, net, consist of the following:



	July 2, 2016			December 31, 2015
Finished goods	$	160		$	151
Work-in-process and production materials	261			287
	421			438
Less inventory reserves	(137		)	(142		)
	$	284		$	296

Other Current Assets

Other current assets consist of the following:



	July 2, 2016		December 31, 2015
Available-for-sale securities	$	47	$	438
Costs and earnings in excess of billings	350		374
Tax-related refunds receivable	107		44
Other	131		98
	$	635	$	954

Property, Plant And Equipment, Net

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



	July 2, 2016			December 31, 2015
Land	$	16		$	17
Building	543			523
Machinery and equipment	1,897			1,585
	2,456			2,125
Less accumulated depreciation	(1,678		)	(1,638		)
	$	778		$	487

Investments

Investments consist of the following:



July 2, 2016	Cost Basis		Unrealized Gains		Unrealized Losses		Investments
Available-for-sale securities:
Government, agency, and government-sponsored enterprise obligations	$	52	$	—	$	—	$	52
Corporate bonds	8		—		—		8
Common stock	—		—		—		—
	60		—		—		60
Other investments, at cost	200		—		—		200
Equity method investments	10		—		—		10
	$	270	$	—	$	—	$	270
Less: current portion of available-for-sale securities							47
							$	223



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:



	July 2, 2016		December 31, 2015
Intangible assets, net (Note 14)	$	824	$	49
Long-term receivables	42		47
Defined benefit plan assets	143		128
Other	52		47
	$	1,061	$	271

Accrued Liabilities

Accrued liabilities consist of the following:



	July 2, 2016		December 31, 2015
Deferred revenue	$	361	$	390
Compensation	166		241
Billings in excess of costs and earnings	291		337
Tax liabilities	65		48
Dividend payable	70		71
Trade liabilities	137		135
Other	541		449
	$	1,631	$	1,671

Other Liabilities

Other liabilities consist of the following:



	July 2, 2016		December 31, 2015
Defined benefit plans	$	1,493	$	1,512
Postretirement Health Care Benefit Plan	—		49
Deferred revenue	149		113
Unrecognized tax benefits	42		50
Deferred income taxes	120		—
Deferred consideration (Note 14)	78		—
Other	190		180
	$	2,072	$	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 and six months ended July 2, 2016 and July 4, 2015:



	Three Months Ended						Six Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Foreign Currency Translation Adjustments:
Balance at beginning of period	$	(253	)	$	(230	)	$	(266	)	$	(204	)
Other comprehensive income (loss) before reclassification adjustment	(98		)	7			(84		)	(18		)
Tax expense	—			—			(1		)	(1		)
Other comprehensive income (loss), net of tax	(98		)	7			(85		)	(19		)
Balance at end of period	$	(351	)	$	(223	)	$	(351	)	$	(223	)
Available-for-Sale Securities:
Balance at beginning of period	$	1		$	11		$	(3	)	$	44
Other comprehensive income (loss) before reclassification adjustment	(2		)	6			(2		)	(1		)
Tax (expense) benefit	1			(2		)	1			1
Other comprehensive income (loss) before reclassification adjustment, net of tax	(1		)	4			(1		)	—
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	(1		)	4			3			(29		)
Balance at end of period	$	—		$	15		$	—		$	15
Defined Benefit Plans:
Balance at beginning of period	(1,593		)	(1,694		)	$	(1,597	)	$	(1,695	)
Other comprehensive income (loss) before reclassification adjustment	53			(53		)	53			(53		)
Tax expense	(16		)	—			(16		)	—
Other comprehensive income (loss) before reclassification adjustment, net of tax	37			(53		)	37			(53		)
Reclassification adjustment - Actuarial net losses into Selling, general, and administrative expenses	18			18			28			36
Reclassification adjustment - Prior service benefits into Selling, general, and administrative expenses	(7		)	(16		)	(13		)	(32		)
Reclassification adjustment - Non-U.S. pension curtailment gain into Other charges	—			(32		)	—			(32		)
Tax expense (benefit)	8			—			8			(1		)
Reclassification adjustment into Selling, general, and administrative expenses, net of tax	19			(30		)	23			(29		)
Other comprehensive income (loss), net of tax	56			(83		)	60			(82		)
Balance at end of period	$	(1,537	)	$	(1,777	)	$	(1,537	)	$	(1,777	)

Total Accumulated other comprehensive loss	$	(1,888	)	$	(1,985	)	$	(1,888	)	$	(1,985	)