Other Financial Data (Tables)

6 Months Ended

Jul. 01, 2017

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 1, 2017			July 2, 2016		July 1, 2017			July 2, 2016
Other charges:
Intangibles amortization	$	37		$	38	$	73		$	52
Reorganization of business	1			19		16			25
Building impairment	—			17		8			17
Non-U.S. pension settlement loss	16			—		25			—
Legal settlements	(1		)	—		(44		)	—
Acquisition-related transaction fees	—			—		1			13
	$	53		$	74	$	79		$	107

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 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Interest income (expense), net:
Interest expense	$	(55	)	$	(59	)	$	(109	)	$	(111	)
Interest income	4			5			7			8
	$	(51	)	$	(54	)	$	(102	)	$	(103	)
Other:
Foreign currency gain (loss)	$	(20	)	$	14		$	(22	)	$	27
Gain (loss) on derivative instruments	18			(18		)	11			(30		)
Gains on equity method investments	1			—			—			2
Realized foreign currency loss on acquisition	—			—			—			(10		)
Other	1			—			2			—
	$	—		$	(4	)	$	(9	)	$	(11	)

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
	Three Months Ended				Six Months Ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Basic earnings per common share:
Earnings	$	131	$	107	$	208	$	124
Weighted average common shares outstanding	163.1		171.9		163.7		173.0
Per share amount	$	0.80	$	0.62	$	1.27	$	0.72
Diluted earnings per common share:
Earnings	$	131	$	107	$	208	$	124
Weighted average common shares outstanding	163.1		171.9		163.7		173.0
Add effect of dilutive securities:
Share-based awards	3.1		2.4		3.2		2.4
Senior Convertible Notes	2.8		0.5		2.6		0.3
Diluted weighted average common shares outstanding	169.0		174.8		169.5		175.7
Per share amount	$	0.78	$	0.61	$	1.23	$	0.71

Accounts Receivable, Net

Accounts receivable, net, consists of the following:



	July 1, 2017			December 31, 2016
Accounts receivable	$	1,250		$	1,454
Less allowance for doubtful accounts	(39		)	(44		)
	$	1,211		$	1,410

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 1, 2017			December 31, 2016
Long-term receivables	$	48		$	63
Less current portion	(13		)	(14		)
Non-current long-term receivables	$	35		$	49

Inventories, Net

Inventories, net, consist of the following:



	July 1, 2017			December 31, 2016
Finished goods	$	197		$	151
Work-in-process and production materials	321			253
	518			404
Less inventory reserves	(127		)	(131		)
	$	391		$	273

Other Current Assets

Other current assets consist of the following:



	July 1, 2017		December 31, 2016
Available-for-sale securities	$	50	$	46
Costs and earnings in excess of billings	529		495
Tax-related refunds receivable	110		90
Other	115		124
	$	804	$	755

Property, Plant And Equipment, Net

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



	July 1, 2017			December 31, 2016
Land	$	10		$	12
Building	267			306
Machinery and equipment	2,078			1,921
	2,355			2,239
Less accumulated depreciation	(1,496		)	(1,450		)
	$	859		$	789

Investments

Investments consist of the following:



July 1, 2017	Cost Basis		Unrealized Gains		Investments
Available-for-sale securities:
Government, agency, and government-sponsored enterprise obligations	$	56	$	—	$	56
Corporate bonds	5		—		5
Common stock	5		7		12
	66		7		73
Other investments	210		—		210
Equity method investments	15		—		15
	$	291	$	7	$	298
Less: current portion of available-for-sale securities					50
					$	248



December 31, 2016	Cost Basis		Unrealized Gains		Investments
Available-for-sale securities:
Government, agency, and government-sponsored enterprise obligations	$	51	$	—	$	51
Corporate bonds	5		—		5
	56		—		56
Other investments	211		—		211
Equity method investments	17		—		17
	$	284	$	—	$	284
Less: current portion of available-for-sale securities					46
					$	238

Other Assets

Other assets consist of the following:



	July 1, 2017		December 31, 2016
Long-term receivables	35		49
Defined benefit plan assets	125		102
Other	40		49
	$	200	200

Accrued Liabilities

Accrued liabilities consist of the following:



	July 1, 2017		December 31, 2016
Deferred revenue	$	427	$	439
Compensation	171		250
Billings in excess of costs and earnings	387		434
Tax liabilities	134		111
Dividend payable	76		77
Trade liabilities	174		180
Other	555		620
	$	1,924	$	2,111

Other Liabilities

Other liabilities consist of the following:



	July 1, 2017		December 31, 2016
Defined benefit plans	$	1,800	$	1,799
Deferred revenue	164		115
Unrecognized tax benefits	39		39
Deferred income taxes	139		121
Deferred consideration (Note 13)	78		72
Other	220		209
	$	2,440	$	2,355

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 1, 2017 and July 2, 2016:



	Three Months Ended						Six Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Foreign Currency Translation Adjustments:
Balance at beginning of period	$	(460	)	$	(253	)	$	(494	)	$	(266	)
Other comprehensive income (loss) before reclassification adjustment	47			(98		)	84			(84		)
Tax expense	—			—			(3		)	(1		)
Other comprehensive income (loss), net of tax	47			(98		)	81			(85		)
Balance at end of period	$	(413	)	$	(351	)	$	(413	)	$	(351	)
Available-for-Sale Securities:
Balance at beginning of period	$	—		$	1		$	—		$	(3	)
Other comprehensive income (loss) before reclassification adjustment	7			(2		)	7			(2		)
Tax (expense) benefit	(3		)	1			(3		)	1
Other comprehensive income (loss) before reclassification adjustment, net of tax	4			(1		)	4			(1		)
Reclassification adjustment into Gains (losses) on sales of investments and businesses, net	—			—			—			6
Tax benefit	—			—			—			(2		)
Reclassification adjustment into Gains (losses) on sales of investments and businesses, net of tax	—			—			—			4
Other comprehensive income (loss), net of tax	4			(1		)	4			3
Balance at end of period	$	4		$	—		$	4		$	—
Defined Benefit Plans:
Balance at beginning of period	(1,804		)	(1,593		)	$	(1,823	)	$	(1,597	)
Other comprehensive income (loss) before reclassification adjustment	(11		)	53			(11		)	53
Tax expense	—			(16		)	—			(16		)
Other comprehensive income (loss) before reclassification adjustment, net of tax	(11		)	37			(11		)	37
Reclassification adjustment - Actuarial net losses into Selling, general, and administrative expenses	16			18			32			28
Reclassification adjustment - Prior service benefits into Selling, general, and administrative expenses	(4		)	(7		)	(8		)	(13		)
Reclassification adjustment - Non-U.S. pension settlement loss into Other charges	16			—			25			—
Tax expense (benefit)	(3		)	8			(5		)	8
Reclassification adjustment into Operating earnings, net of tax	25			19			44			23
Other comprehensive income, net of tax	14			56			33			60
Balance at end of period	$	(1,790	)	$	(1,537	)	$	(1,790	)	$	(1,537	)

Total Accumulated other comprehensive loss	$	(2,199	)	$	(1,888	)	$	(2,199	)	$	(1,888	)