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Other Financial Data (Tables)
 3 Months Ended
Mar. 30, 2024
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, 2024April 1, 2023
Other charges:
Intangibles amortization (Note 15)$39 $55 
Reorganization of business (Note 14)7 7 
Operating lease asset impairments3 3 
Acquisition-related transaction fees4 2 
Legal settlements6 — 
Fixed asset impairments— 2 
Other(1)— 
 $58 $69 
Other Income (Expense)
Interest expense, net, and Other both included in Other income (expense), consist of the following: 
 Three Months Ended
March 30, 2024April 1, 2023
Interest income (expense), net:
Interest expense$(61)$(63)
Interest income17 9 
$(44)$(54)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$32 $25 
Loss from the extinguishment of Silver Lake Convertible Debt (Note 5)(585)— 
Investment impairments(3)(6)
Foreign currency gain (loss)1 (19)
Gain (loss) on derivative instruments (Note 6)(10)7 
Fair value adjustments to equity investments(2)3 
Other2 2 
 $(565)$12 
Earnings Per Common Share
Basic and diluted earnings (loss) per common share from net earnings (loss) attributable to Motorola Solutions, Inc. are computed as follows:
Amounts attributable to Motorola Solutions, Inc. common stockholders
 Three Months Ended
March 30, 2024April 1, 2023
Basic earnings (loss) per common share:
Earnings (loss)
$(39)$278 
Weighted average common shares outstanding166.3 167.4 
Per share amount$(0.23)$1.66 
Diluted earnings (loss) per common share:
Earnings (loss)
$(39)$278 
Weighted average common shares outstanding166.3 167.4 
Add effect of dilutive securities:
Share-based awards— 4.0 
Silver Lake Convertible Debt
— 1.2 
Diluted weighted average common shares outstanding166.3 172.6 
Per share amount$(0.23)$1.61 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
March 30, 2024December 31, 2023
Accounts receivable$1,666 $1,779 
Less allowance for credit losses(74)(69)
 $1,592 $1,710 
Inventories, Net
Inventories, net, consist of the following: 
March 30, 2024December 31, 2023
Finished goods$347 $328 
Work-in-process and production materials641 640 
988 968 
Less inventory reserves(148)(141)
 $840 $827 
Other Current Assets
Other current assets consist of the following: 
March 30, 2024December 31, 2023
Current contract cost assets (Note 2)$65 $56 
Contractor receivables60 40 
Tax-related deposits35 32 
Other290 229 
 $450 $357 
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
March 30, 2024December 31, 2023
Land$5 $5 
Leasehold improvements433 448 
Machinery and equipment2,428 2,396 
2,866 2,849 
Less accumulated depreciation(1,909)(1,885)
 $957 $964 
Investments
Investments consist of the following:
March 30, 2024December 31, 2023
Common stock$26 $28 
Strategic investments27 28 
Company-owned life insurance policies76 74 
Equity method investments12 13 
 $141 $143 
Other Assets Other assets consist of the following:
March 30, 2024December 31, 2023
Defined benefit plan assets$113 $98 
Non-current contract cost assets (Note 2)116 119 
Other58 57 
 $287 $274 
Accrued Liabilities
Accrued liabilities consist of the following: 
March 30, 2024December 31, 2023
Compensation$365 $407 
Tax liabilities325 231 
Dividend payable163 163 
Trade liabilities141 140 
Operating lease liabilities (Note 3)122 125 
Customer reserves77 89 
Other408 349 
 $1,601 $1,504 
Other Liabilities
Other liabilities consist of the following: 
March 30, 2024December 31, 2023
Defined benefit plans (Note 8)$906 $939 
Non-current contract liabilities (Note 2)430 424 
Unrecognized tax benefits (Note 7)26 26 
Deferred income taxes (Note 7)59 55 
Environmental reserve119 119 
Other182 178 
 $1,722 $1,741 
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three months ended March 30, 2024 and April 1, 2023:
Three Months Ended
March 30, 2024April 1, 2023
Foreign Currency Translation Adjustments:
Balance at beginning of period$(482)$(539)
Other comprehensive income (loss) before reclassification adjustment(27)27 
Tax benefit3 9 
Other comprehensive income (loss), net of tax(24)36 
Balance at end of period$(506)$(503)
Derivative instruments:
Balance at beginning of period$(12)$— 
Other comprehensive income before reclassification adjustment4 — 
Other comprehensive income, net of tax4 — 
Balance at end of period$(8)$— 
Defined Benefit Plans:
Balance at beginning of period$(2,046)$(1,996)
Reclassification adjustment - Actuarial net losses into Other income (Note 8)9 15 
Reclassification adjustment - Prior service benefits into Other income (Note 8)— 1 
Tax expense(2)(4)
Reclassification adjustments into Net earnings, net of tax7 12 
Other comprehensive income, net of tax7 12 
Balance at end of period$(2,039)$(1,984)
Total Accumulated other comprehensive loss$(2,553)$(2,487)