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Other Financial Data (Tables)
6 Months Ended
Jun. 27, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Charges (Income)
Other charges (income) included in Operating earnings consist of the following:
 Three Months EndedSix Months Ended
  
June 27, 2020June 29, 2019June 27, 2020June 29, 2019
Other charges:
Intangibles amortization (Note 15)$51  $52  $104  $102  
Reorganization of business (Note 14)26   38  12  
Loss on legal settlements   —  
Fixed asset impairment —   —  
Gain on sale of property, plant and equipment—  —  (50) —  
Acquisition-related transaction fees —    
 $90  $61  $109  $116  
Other Income (Expense)
Interest expense, net, and Other, net, both included in Other income (expense), consist of the following: 
 Three Months EndedSix Months Ended
  
June 27, 2020June 29, 2019June 27, 2020June 29, 2019
Interest income (expense), net:
Interest expense$(60) $(59) $(114) $(119) 
Interest income    
$(58) $(56) $(109) $(111) 
Other, net:
Net periodic pension and postretirement benefit (Note 8)$19  $17  $39  $33  
Loss from the extinguishment of long-term debt (Note 5)—  (43) —  (43) 
Investment impairments—  (3) —  (11) 
Foreign currency loss(21) (7) (3) (11) 
Gain (loss) on derivative instruments12  (3) (4) (7) 
Gain on equity method investments—  —  —   
Fair value adjustments to equity investments 16   15  
Other  (3) 11  
 $16  $(21) $34  $(12) 
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 EndedSix Months Ended
June 27, 2020June 29, 2019June 27, 2020June 29, 2019
Basic earnings per common share:
Earnings$135  $207  $332  $358  
Weighted average common shares outstanding170.0  164.9  170.3  164.4  
Per share amount$0.79  $1.25  $1.95  $2.18  
Diluted earnings per common share:
Earnings$135  $207  $332  $358  
Weighted average common shares outstanding170.0  164.9  170.3  164.4  
Add effect of dilutive securities:
Share-based awards3.6  4.6  4.5  4.7  
2.00% senior convertible notes
—  6.6  —  6.2  
1.75% senior convertible notes
—  —  —  —  
Diluted weighted average common shares outstanding173.6  176.1  174.8  175.3  
Per share amount$0.78  $1.18  $1.90  $2.04  
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
June 27, 2020December 31, 2019
Accounts receivable$1,211  $1,475  
Less allowance for credit losses(77) (63) 
 $1,134  $1,412  
Inventories, Net
Inventories, net, consist of the following: 
June 27, 2020December 31, 2019
Finished goods$226  $209  
Work-in-process and production materials355  374  
581  583  
Less inventory reserves(132) (136) 
 $449  $447  
Other Current Assets
Other current assets consist of the following: 
June 27, 2020December 31, 2019
Current contract cost assets (Note 2)$22  $24  
Tax-related deposits48  77  
Other155  171  
 $225  $272  
Property, Plant and Equipment, Net
Property, plant and equipment, net, consists of the following: 
June 27, 2020December 31, 2019
Land$ $15  
Leasehold improvements403  410  
Machinery and equipment2,100  2,051  
2,509  2,476  
Less accumulated depreciation(1,544) (1,484) 
 $965  $992  
Investments
Investments consist of the following:
June 27, 2020December 31, 2019
Common stock$23  $25  
Strategic investments, at cost46  40  
Company-owned life insurance policies70  74  
Equity method investments18  20  
 $157  $159  
Other Assets
Other assets consist of the following: 
June 27, 2020December 31, 2019
Defined benefit plan assets$260  $223  
Non-current contract cost assets (Note 2)101  107  
Other56  92  
 $417  $422  
Accrued Liabilities
Accrued liabilities consist of the following: 
June 27, 2020December 31, 2019
Compensation$193  $347  
Tax liabilities72  95  
Dividend payable109  110  
Trade liabilities140  161  
Operating lease liabilities (Note 3)123  122  
Other534  521  
 $1,171  $1,356  
Other Liabilities
Other liabilities consist of the following: 
June 27, 2020December 31, 2019
Defined benefit plans$1,483  $1,524  
Non-current contract liabilities (Note 2)263  274  
Unrecognized tax benefits55  53  
Deferred income taxes175  184  
Other237  241  
 $2,213  $2,276  
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three and six months ended June 27, 2020 and June 29, 2019:
Three Months EndedSix Months Ended
June 27, 2020June 29, 2019June 27, 2020June 29, 2019
Foreign Currency Translation Adjustments:
Balance at beginning of period$  (548) $(414) $  (410) $(444) 
Other comprehensive income (loss) before reclassification adjustment75  (24) (61) 10  
Tax benefit (expense)   (3) 
Other comprehensive income (loss), net of tax78  (23) (60)  
Balance at end of period$(470) $(437) $(470) $(437) 
Defined Benefit Plans:
Balance at beginning of period$(2,018) $(2,310) $(2,030) $(2,321) 
Reclassification adjustment - Actuarial net losses into Other income19  17  38  33  
Reclassification adjustment - Prior service benefits into Other expense(4) (4) (8) (7) 
Tax expense(2) (3) (5) (5) 
Other comprehensive income, net of tax13  10  25  21  
Balance at end of period$(2,005) $(2,300) $(2,005) $(2,300) 
Total Accumulated other comprehensive loss$(2,475) $(2,737) $(2,475) $(2,737)