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Other Financial Data (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Charges (Income)
Other charges (income) included in Operating earnings consist of the following:
Years ended December 31 (in millions)202220212020
Other charges (income):
Intangibles amortization (Note 15)$257 $236 $215 
Reorganization of businesses (Note 14)18 24 57 
Legal Settlements23 
Fixed asset impairments12 — 
Gain on sale of property, plant, and equipment — (50)
Operating lease asset impairments24 10 — 
Acquisition-related transaction fees23 15 
Gain on Hytera legal settlement(15)— — 
Other(3)(2)
 $339 $286 $246 
Other Income (Expense)
Interest expense, net, and Other both included in Other income (expense) consist of the following: 
Years ended December 31 (in millions)202220212020
Interest expense, net:
Interest expense$(240)$(215)$(233)
Interest income14 13 
$(226)$(208)$(220)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$123 $123 $81 
Loss from the extinguishment of long-term debt (Note 5)(6)(18)(56)
Investment impairments(1)— (4)
Foreign currency gain (loss)37 17 (44)
Gain (loss) on derivative instruments(61)(30)25 
Gains (loss) on equity method investments(3)
Fair value adjustments to equity investments(30)(8)
Gain on TETRA Ireland equity method investment21 — — 
Other(3)
 $77 $92 $13 
The Company previously held a minority ownership interest in TETRA Ireland, and, upon acquisition of 100% of the equity of TETRA Ireland on March 23, 2022, recorded a $21 million gain to adjust the Company's initial equity method investment to fair value during the year ended December 31, 2022. Refer to "Note 15:" Intangible Assets and Goodwill" to the Company's consolidated financial statements included in this "Part II.Item 8. Financial Statements and Supplementary Data" of this Form 10-K for further information related to this acquisition.
Earnings Per Common Share
Basic and diluted earnings per common share from net earnings attributable to Motorola Solutions, Inc. are computed as follows: 
Amounts attributable to Motorola Solutions, Inc. common stockholders
 Net Earnings
Years ended December 31202220212020
Basic earnings per common share:
Earnings$1,363 $1,245 $949 
Weighted average common shares outstanding167.5 169.2 170.0 
Per share amount$8.14 $7.36 $5.58 
Diluted earnings per common share:
Earnings$1,363 $1,245 $949 
Weighted average common shares outstanding167.5 169.2 170.0 
Add effect of dilutive securities:
Share-based awards3.7 4.0 4.1 
1.75% senior convertible notes
0.7 0.4 — 
Diluted weighted average common shares outstanding171.9 173.6 174.1 
Per share amount$7.93 $7.17 $5.45 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
December 3120222021
Accounts receivable$1,579 $1,456 
Less allowance for credit losses(61)(70)
 $1,518 $1,386 
Inventories, Net
Inventories, net, consist of the following: 
December 3120222021
Finished goods$354 $268 
Work-in-process and production materials829 643 
1,183 911 
Less inventory reserves(128)(123)
 $1,055 $788 
Other Current Assets
Other current assets consist of the following:
December 3120222021
Current contract cost assets (Note 2)$61 $30 
Contractor receivables 47 
Tax-related deposits (Note 7)33 41 
Other242 181 
 $383 $259 
Property, Plant And Equipment, Net
Property, plant and equipment, net, consist of the following: 
December 3120222021
Land$5 $
Leasehold improvements456 474 
Machinery and equipment2,303 2,439 
2,764 2,918 
Less accumulated depreciation(1,837)(1,876)
 $927 $1,042 
Investments
Investments consist of the following:
December 3120222021
Common stock$21 $69 
Strategic investments, at cost45 35 
Company-owned life insurance policies69 81 
Equity method investments12 24 
 $147 $209 
Other Assets
Other assets consist of the following: 
December 3120222021
Defined benefit plan assets (Note 8)$164 $365 
Non-current contract cost assets (Note 2)130 124 
Other16 69 
 $310 $558 
Accrued Liabilities
Accrued liabilities consist of the following: 
December 3120222021
Compensation$374 $360 
Tax liabilities (Note 7)367 183 
Dividend payable148 134 
Trade liabilities145 235 
Operating lease liabilities (Note 3)118 124 
Customer reserves78 102 
Other408 419 
 $1,638 $1,557 
Other Liabilities
Other liabilities consist of the following: 
December 3120222021
Defined benefit plans (Note 8)$1,004 $1,390 
Non-current contract liabilities (Note 2)363 306 
Unrecognized tax benefits (Note 7)29 36 
Deferred income taxes (Note 7)73 183 
Environmental Reserve108 108 
Other114 125 
 $1,691 $2,148 
Schedule of Share Repurchase Program
The Company's share repurchases, including transaction costs, for 2022, 2021, and 2020 can be summarized as follows:
YearShares Repurchased (in millions)Average PriceAmount (in millions)
20223.7 $225.00 $836 
20212.5 208.41 528 
20203.9 155.93 612 
Changes in Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Consolidated Statements of Operations during the years ended December 31, 2022, 2021, and 2020:
Years ended December 31
202220212020
Foreign Currency Translation Adjustments:
Balance at beginning of period$  (384)$(360)$  (410)
Other comprehensive income (loss) before reclassification adjustment(156)(30)55 
Tax benefit (expense)1 (5)
Other comprehensive income (loss), net of tax(155)(24)50 
Balance at end of period$(539)$(384)$(360)
Defined Benefit Plans:
Balance at beginning of period$(1,995)$(2,086)$(2,030)
Other comprehensive income (loss) before reclassification adjustment(76)37 (130)
Tax benefit (expense)18 (7)30 
Other comprehensive income (loss) before reclassification adjustment, net of tax(58)30 (100)
Reclassification adjustment - Actuarial net losses into Other income (expense)80 89 76 
Reclassification adjustment - Prior service benefits into Other income (expense)(2)(8)(18)
Tax expense(21)(20)(14)
Reclassification adjustments into Net earnings, net of tax57 61 44 
Other comprehensive income (loss), net of tax(1)91 (56)
Balance at end of period$(1,996)$(1,995)$(2,086)
Total Accumulated other comprehensive loss$(2,535)$(2,379)$(2,446)