Other Financial Data (Tables)

3 Months Ended

Mar. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Other Charges (Income)

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

	Three Months Ended
	March 30, 2019			March 31, 2018
Other charges (income):
Intangibles amortization (Note 15)	$	50		$	41
Reorganization of business (Note 14)	4			8
Legal settlements	(1		)	1
Acquisition-related transaction fees	2			17
	$	55		$	67

Other Income (Expense)

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

	Three Months Ended
	March 30, 2019			March 31, 2018
Interest income (expense), net:
Interest expense	$	(60	)	$	(54	)
Interest income	5			8
	$	(55	)	$	(46	)
Other:
Net periodic pension and postretirement benefit (Note 8)	$	16		$	20
Investment impairments	(8		)	—
Foreign currency loss	(4		)	(11		)
Loss on derivative instruments	(4		)	(4		)
Gains on equity method investments	1			1
Fair value adjustments to equity investments	(1		)	—
Other	10			(2		)
	$	10		$	4

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
	March 30, 2019		March 31, 2018
Basic earnings per common share:
Earnings	$	151	$	117
Weighted average common shares outstanding	164.0		161.4
Per share amount	$	0.92	$	0.73
Diluted earnings per common share:
Earnings	$	151	$	117
Weighted average common shares outstanding	164.0		161.4
Add effect of dilutive securities:
Share-based awards	4.9		4.2
Senior Convertible Notes	5.7		5.0
Diluted weighted average common shares outstanding	174.6		170.6
Per share amount	$	0.86	$	0.69

Accounts Receivable, Net

Accounts receivable, net, consists of the following: 

	March 30, 2019			December 31, 2018
Accounts receivable	$	1,208		$	1,344
Less allowance for doubtful accounts	(58		)	(51		)
	$	1,150		$	1,293

Long-term receivables consist of receivables with payment terms greater than twelve months and long-term loans. Long-term receivables consist of the following: 

	March 30, 2019			December 31, 2018
Long-term receivables, gross	$	35		$	33
Less allowance for losses	(2		)	(2		)
Long-term receivables	33			31
Less current portion	(11		)	(7		)
Non-current long-term receivables	$	22		$	24

Inventories, Net

Inventories, net, consist of the following: 

	March 30, 2019			December 31, 2018
Finished goods	$	227		$	206
Work-in-process and production materials	340			293
	567			499
Less inventory reserves	(142		)	(143		)
	$	425		$	356

Other Current Assets

Other current assets consist of the following: 

	March 30, 2019		December 31, 2018
Current contract cost assets (Note 2)	$	36	$	30
Tax-related deposits	137		138
Other	191		186
	$	364	$	354

Property, Plant and Equipment, Net

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

	March 30, 2019			December 31, 2018
Land	$	10		$	10
Leasehold improvements	372			362
Machinery and equipment	1,903			1,886
	2,285			2,258
Less accumulated depreciation	(1,348		)	(1,363		)
	$	937		$	895

Investments

Investments consist of the following:

	March 30, 2019		December 31, 2018
Corporate bonds	$	—	$	1
Common stock	18		19
Strategic investments, at cost	50		62
Company-owned life insurance policies	78		75
Equity method investments	17		12
	$	163	$	169

Other Assets

Other assets consist of the following: 

	March 30, 2019		December 31, 2018
Defined benefit plan assets (Note 8)	$	152	$	135
Tax receivable	39		39
Non-current contract cost assets (Note 2)	99		98
Other	67		72
	$	357	$	344

Accrued Liabilities

Accrued liabilities consist of the following: 

	March 30, 2019		December 31, 2018
Compensation	$	336	$	324
Tax liabilities	94		111
Dividend payable	94		93
Trade liabilities	161		185
Operating lease liabilities (Note 3)	116		—
Other	434		497
	$	1,235	$	1,210

Other Liabilities

Other liabilities consist of the following: 

	March 30, 2019		December 31, 2018
Defined benefit plans (Note 8)	$	1,527	$	1,557
Non-current contract liabilities (Note 2)	239		214
Unrecognized tax benefits	54		51
Deferred income taxes	222		201
Other	222		277
	$	2,264	$	2,300

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 endedMarch 30, 2019 and March 31, 2018:

	Three Months Ended
	March 30, 2019			March 31, 2018
Foreign Currency Translation Adjustments:
Balance at beginning of period	$	(444	)	$	(353	)
Other comprehensive income before reclassification adjustment	34			51
Tax expense	(4		)	(3		)
Other comprehensive income, net of tax	30			48
Balance at end of period	$	(414	)	$	(305	)
Available-for-Sale Securities:
Balance at beginning of period	$	—		$	6
Reclassification adjustment into Gains on sales of investments and businesses, net	—			(8		)
Tax benefit	—			2
Other comprehensive loss, net of tax	—			(6		)
Balance at end of period	$	—		$	—
Defined Benefit Plans:
Balance at beginning of period	$	(2,321	)	$	(2,215	)
Reclassification adjustment - Actuarial net losses into Other income (expense)	17			18
Reclassification adjustment - Prior service benefits into Other income (expense)	(4		)	(4		)
Tax expense	(2		)	(2		)
Other comprehensive income, net of tax	11			12
Balance at end of period	$	(2,310	)	$	(2,203	)
Total Accumulated other comprehensive loss	$	(2,724	)	$	(2,508	)