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Other Financial Data (Tables)
9 Months Ended
Sep. 28, 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
 
Nine Months Ended
  
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Other charges (income):
 
 
 
 
 
 
 
Intangibles amortization (Note 15)
$
52

 
$
46

 
$
154

 
$
140

Reorganization of business (Note 14)
15

 
21

 
27

 
46

Environmental reserve expense

 
57

 

 
57

Loss (gain) on legal settlements
(5
)

2


(5
)

3

Acquisition-related transaction fees
1

 

 
4

 
17

 
$
63

 
$
126

 
$
180

 
$
263


Other Income (Expense)
Interest expense, net, and Other, net, both included in Other income (expense), consist of the following: 
 
Three Months Ended
 
Nine Months Ended
  
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Interest income (expense), net:
 
 
 
 
 
 
 
Interest expense
$
(60
)
 
$
(62
)
 
$
(178
)
 
$
(178
)
Interest income
6

 
3

 
13

 
15

 
$
(54
)
 
$
(59
)
 
$
(165
)
 
$
(163
)
Other,net:
 
 
 
 
 
 
 
Net periodic pension and postretirement benefit (Note 8)
$
17

 
$
18

 
$
50

 
$
58

Gain from the extinguishment of 2.00% senior convertible notes (Note 5)
4

 
6

 
4

 
6

Loss from the extinguishment of long-term debt (Note 5)
(7
)
 

 
(50
)
 

Investment impairments (Note 4)
(5
)
 

 
(16
)
 

Foreign currency gain (loss)
3

 
(14
)
 
(7
)
 
(14
)
Gain (loss) on derivative instruments
(9
)
 
8

 
(16
)
 
(15
)
Gains on equity method investments
2

 
1

 
3

 
2

Fair value adjustments to equity investments (Note 4)
(18
)
 
7

 
(3
)
 
7

Other
2

 
3

 
13

 
1

 
$
(11
)
 
$
29

 
$
(22
)
 
$
45


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
 
Nine Months Ended
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Basic earnings per common share:
 
 
 
 
 
 
 
Earnings
$
267

 
$
247

 
$
625

 
$
544

Weighted average common shares outstanding
166.7

 
162.6

 
165.3

 
162.0

Per share amount
$
1.60

 
$
1.52

 
$
3.78

 
$
3.36

Diluted earnings per common share:
 
 
 
 
 
 
 
Earnings
$
267

 
$
247

 
$
625

 
$
544

Weighted average common shares outstanding
166.7

 
162.6

 
165.3

 
162.0

Add effect of dilutive securities:
 
 
 
 
 
 
 
Share-based awards
4.8

 
4.6

 
4.7

 
4.2

2.00% senior convertible notes
4.9

 
5.4

 
5.7

 
5.4

1.75% senior convertible notes

 

 

 

Diluted weighted average common shares outstanding
176.4

 
172.6

 
175.7

 
171.6

Per share amount
$
1.51

 
$
1.43

 
$
3.56

 
$
3.17

Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
 
September 28,
2019
 
December 31,
2018
Accounts receivable
$
1,345

 
$
1,344

Less allowance for doubtful accounts
(50
)
 
(51
)
 
$
1,295

 
$
1,293


Inventories, Net
Inventories, net, consist of the following: 
 
September 28,
2019
 
December 31,
2018
Finished goods
$
221

 
$
206

Work-in-process and production materials
380

 
293

 
601

 
499

Less inventory reserves
(141
)
 
(143
)
 
$
460

 
$
356


Other Current Assets
Other current assets consist of the following: 
 
September 28,
2019
 
December 31,
2018
Current contract cost assets (Note 2)
$
28

 
$
30

Tax-related deposits
111

 
138

Other
199

 
186

 
$
338

 
$
354


Property, Plant and Equipment, Net
Property, plant and equipment, net, consists of the following: 
 
September 28,
2019
 
December 31,
2018
Land
$
15

 
$
10

Leasehold improvements
404

 
362

Machinery and equipment
1,961

 
1,886

 
2,380

 
2,258

Less accumulated depreciation
(1,417
)
 
(1,363
)
 
$
963

 
$
895


Investments
Investments consist of the following:
 
September 28,
2019
 
December 31, 2018
Corporate bonds
$

 
$
1

Common stock
22

 
19

Strategic investments, at cost
40

 
62

Company-owned life insurance policies
78

 
75

Equity method investments
19

 
12

 
$
159

 
$
169

Other Assets
Other assets consist of the following: 
 
September 28,
2019
 
December 31,
2018
Defined benefit plan assets
$
175

 
$
135

Tax receivable

 
39

Non-current contract cost assets (Note 2)
102

 
98

Other
56

 
72

 
$
333

 
$
344


Accrued Liabilities
Accrued liabilities consist of the following: 
 
September 28,
2019
 
December 31,
2018
Compensation
$
313

 
$
324

Tax liabilities
86

 
111

Dividend payable
98

 
93

Trade liabilities
156

 
185

Operating lease liabilities (Note 3)
118

 

Other
488

 
497

 
$
1,259

 
$
1,210


Other Liabilities
Other liabilities consist of the following: 
 
September 28,
2019
 
December 31,
2018
Defined benefit plans
$
1,480

 
$
1,557

Non-current contract liabilities (Note 2)
253

 
214

Unrecognized tax benefits
52

 
51

Deferred income taxes
172

 
201

Other
233

 
277

 
$
2,190

 
$
2,300


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 28, 2019 and September 29, 2018:
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Foreign Currency Translation Adjustments:
 
 
 
 
 
 
 
Balance at beginning of period
$
(437
)
 
$
(391
)
 
$
(444
)
 
$
(353
)
Other comprehensive loss before reclassification adjustment
(33
)
 
(3
)
 
(23
)
 
(33
)
Tax expense

 
(1
)
 
(3
)
 
(9
)
Other comprehensive loss, net of tax
(33
)
 
(4
)
 
(26
)
 
(42
)
Balance at end of period
$
(470
)
 
$
(395
)
 
$
(470
)
 
$
(395
)
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
$
(2,300
)
 
$
(2,189
)
 
$
(2,321
)
 
$
(2,215
)
Reclassification adjustment - Actuarial net losses into Other income (expense)
16

 
20

 
50

 
57

Reclassification adjustment - Prior service benefits into Other income (expense)
(4
)
 
(4
)
 
(11
)
 
(11
)
Tax expense
(1
)
 
(3
)
 
(7
)
 
(7
)
Other comprehensive income, net of tax
11

 
13

 
32

 
39

Balance at end of period
$
(2,289
)
 
$
(2,176
)
 
$
(2,289
)
 
$
(2,176
)
Total Accumulated other comprehensive loss
$
(2,759
)
 
$
(2,571
)
 
$
(2,759
)
 
$
(2,571
)