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Other Financial Data (Tables)
9 Months Ended
Sep. 26, 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 EndedNine Months Ended
  
September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Other charges (income):
Intangibles amortization (Note 15)$54 $52 $158 $154 
Reorganization of business (Note 14)10 15 48 27 
Losses (gains) on legal settlements (5)9 (5)
Fixed asset impairment — 5 — 
Gain on sale of property, plant and equipment — (50)— 
Acquisition-related transaction fees5 8 
 $69 $63 $178 $180 
Other Income (Expense)
Interest expense, net, and Other, net, both included in Other income (expense), consist of the following: 
 Three Months EndedNine Months Ended
  
September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Interest income (expense), net:
Interest expense$(60)$(60)$(175)$(178)
Interest income2 8 13 
$(58)$(54)$(167)$(165)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$20 $17 $60 $50 
Gain from the extinguishment of 2.00% senior convertible notes (Note 5)
  
Losses from the extinguishment of long-term debt (Note 5)(56)(7)(56)(50)
Investment impairments (5) (16)
Foreign currency gain (loss)(15)(19)(7)
Gain (loss) on derivative instruments10 (9)6 (16)
Gains on equity method investments1 1 
Fair value adjustments to equity investments(4)(18)1 (3)
Other2 (1)13 
 $(42)$(11)$(8)$(22)
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 EndedNine Months Ended
September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Basic earnings per common share:
Earnings$205 $267 $537 $625 
Weighted average common shares outstanding169.7 166.7 170.1 165.3 
Per share amount$1.21 $1.60 $3.16 $3.78 
Diluted earnings per common share:
Earnings$205 $267 $537 $625 
Weighted average common shares outstanding169.7 166.7 170.1 165.3 
Add effect of dilutive securities:
Share-based awards3.8 4.8 4.2 4.7 
2.00% senior convertible notes
 4.9  5.7 
1.75% senior convertible notes
 —  — 
Diluted weighted average common shares outstanding173.5 176.4 174.3 175.7 
Per share amount$1.18 $1.51 $3.08 $3.56 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
September 26, 2020December 31, 2019
Accounts receivable$1,228 $1,475 
Less allowance for credit losses(73)(63)
 $1,155 $1,412 
Inventories, Net
Inventories, net, consist of the following: 
September 26, 2020December 31, 2019
Finished goods$279 $209 
Work-in-process and production materials340 374 
619 583 
Less inventory reserves(130)(136)
 $489 $447 
Other Current Assets
Other current assets consist of the following: 
September 26, 2020December 31, 2019
Current contract cost assets (Note 2)$25 $24 
Tax-related deposits65 77 
Other161 171 
 $251 $272 
Property, Plant and Equipment, Net
Property, plant and equipment, net, consists of the following: 
September 26, 2020December 31, 2019
Land$6 $15 
Leasehold improvements415 410 
Machinery and equipment2,169 2,051 
2,590 2,476 
Less accumulated depreciation(1,614)(1,484)
 $976 $992 
Investments
Investments consist of the following:
September 26, 2020December 31, 2019
Common stock$17 $25 
Strategic investments, at cost47 40 
Company-owned life insurance policies72 74 
Equity method investments18 20 
 $154 $159 
Other Assets
Other assets consist of the following: 
September 26, 2020December 31, 2019
Defined benefit plan assets$279 $223 
Non-current contract cost assets (Note 2)101 107 
Other57 92 
 $437 $422 
Accrued Liabilities
Accrued liabilities consist of the following: 
September 26, 2020December 31, 2019
Compensation$266 $347 
Tax liabilities59 95 
Dividend payable109 110 
Trade liabilities143 161 
Operating lease liabilities (Note 3)123 122 
Other505 521 
 $1,205 $1,356 
Other Liabilities
Other liabilities consist of the following: 
September 26, 2020December 31, 2019
Defined benefit plans$1,472 $1,524 
Non-current contract liabilities (Note 2)266 274 
Unrecognized tax benefits54 53 
Deferred income taxes179 184 
Other255 241 
 $2,226 $2,276 
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three and nine months ended September 26, 2020 and September 28, 2019:
Three Months EndedNine Months Ended
September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Foreign Currency Translation Adjustments:
Balance at beginning of period$  (470)$(437)$  (410)$(444)
Other comprehensive income (loss) before reclassification adjustment34 (33)(27)(23)
Tax expense(4)— (3)(3)
Other comprehensive income (loss), net of tax30 (33)(30)(26)
Balance at end of period$(440)$(470)$(440)$(470)
Defined Benefit Plans:
Balance at beginning of period$(2,005)$(2,300)$(2,030)$(2,321)
Reclassification adjustment - Actuarial net losses into Other income20 16 58 50 
Reclassification adjustment - Prior service benefits into Other expense(4)(4)(12)(11)
Tax expense(4)(1)(9)(7)
Other comprehensive income, net of tax12 11 37 32 
Balance at end of period$(1,993)$(2,289)$(1,993)$(2,289)
Total Accumulated other comprehensive loss$(2,433)$(2,759)$(2,433)$(2,759)