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Other Financial Data (Tables)
 6 Months Ended
Jul. 02, 2022
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
July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Other charges:
Intangibles amortization (Note 15)$65 $58 $131 $116 
Reorganization of business (Note 14)5 6 12 20 
Operating lease asset impairments3 — 12 7 
Acquisition-related transaction fees4 3 14 4 
Legal settlements— 3 11 3 
Fixed asset impairments8 — 11 — 
Gain on Hytera legal settlement— — (13)— 
Other— — (1)— 
 $85 $70 $177 $150 
Other Income (Expense)
Interest expense, net, and Other, net, both included in Other income (expense), consist of the following: 
 Three Months EndedSix Months Ended
July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Interest income (expense), net:
Interest expense$(59)$(46)$(117)$(102)
Interest income3 2 5 4 
$(56)$(44)$(112)(98)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$30 $31 $63 $60 
Loss from the extinguishment of long-term debt (Note 5)(6)(18)(6)(18)
Investment impairments— — (1)— 
Foreign currency gain (loss)27 (6)50 8 
Loss on derivative instruments (Note 6)(34)(1)(57)(9)
Gain (loss) on equity method investments(2)2 (2)3 
Fair value adjustments to equity investments(12)8 (30)13 
Gain on TETRA Ireland equity method investment— — 21 — 
Other(5)(2)(5)3 
 $(2)$14 $33 $60 
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
July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Basic earnings per common share:
Earnings$228 $293 $495 $537 
Weighted average common shares outstanding167.2 169.6 167.6 169.4 
Per share amount$1.36 $1.73 $2.95 $3.17 
Diluted earnings per common share:
Earnings$228 $293 $495 $537 
Weighted average common shares outstanding167.2 169.6 167.6 169.4 
Add effect of dilutive securities:
Share-based awards3.4 3.5 3.9 3.7 
1.75% senior convertible notes
0.3 — 0.5 — 
Diluted weighted average common shares outstanding170.9 173.1 172.0 173.1 
Per share amount$1.33 $1.69 $2.88 $3.10 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
July 2, 2022December 31, 2021
Accounts receivable$1,346 $1,456 
Less allowance for credit losses(62)(70)
 $1,284 $1,386 
Inventories, Net
Inventories, net, consist of the following: 
July 2, 2022December 31, 2021
Finished goods$331 $268 
Work-in-process and production materials860 643 
1,191 911 
Less inventory reserves(120)(123)
 $1,071 $788 
Other Current Assets
Other current assets consist of the following: 
July 2, 2022December 31, 2021
Current contract cost assets (Note 2)$39 $30 
Tax-related deposits37 41 
Other218 188 
 $294 $259 
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
July 2, 2022December 31, 2021
Land$5 $5 
Leasehold improvements458 474 
Machinery and equipment2,431 2,439 
2,894 2,918 
Less accumulated depreciation(1,855)(1,876)
 $1,039 $1,042 
Investments Investments consist of the following:
July 2, 2022December 31, 2021
Common stock$39 $69 
Strategic investments42 35 
Company-owned life insurance policies68 81 
Equity method investments13 24 
 $162 $209 
Other Assets Other assets consist of the following:
July 2, 2022December 31, 2021
Defined benefit plan assets$383 $365 
Non-current contract cost assets (Note 2)118 124 
Other61 69 
 $562 $558 
Accrued Liabilities
Accrued liabilities consist of the following: 
July 2, 2022December 31, 2021
Compensation$233 $360 
Tax liabilities190 183 
Dividend payable132 134 
Trade liabilities154 235 
Operating lease liabilities (Note 3)94 124 
Other521 521 
 $1,324 $1,557 
Other Liabilities
Other liabilities consist of the following: 
July 2, 2022December 31, 2021
Defined benefit plans$1,277 $1,390 
Non-current contract liabilities (Note 2)308 306 
Unrecognized tax benefits (Note 7)35 36 
Deferred income taxes (Note 7)140 183 
Environmental reserve108 108 
Other114 125 
 $1,982 $2,148 
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three and six months ended July 2, 2022 and July 3, 2021:
Three Months EndedSix Months Ended
July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Foreign Currency Translation Adjustments:
Balance at beginning of period$  (404)$(341)$  (384)$(360)
Other comprehensive income (loss) before reclassification adjustment(132)6 (151)23 
Tax benefit (expense)(3)— (4)2 
Other comprehensive income (loss), net of tax(135)6 (155)25 
Balance at end of period$(539)$(335)$(539)$(335)
Defined Benefit Plans:
Balance at beginning of period$(1,980)$(2,069)$(1,995)$(2,086)
Other comprehensive income before reclassification adjustment17 — 17 — 
Tax expense(3)— (3)— 
Other comprehensive income before reclassification adjustment, net of tax14 — 14 — 
Reclassification adjustment - Actuarial net losses into Other income (Note 8)20 21 40 43 
Reclassification adjustment - Prior service benefits into Other income (Note 8)(1)(2)(2)(4)
Tax expense(5)(3)(9)(6)
Reclassification adjustment into Net earnings, net of tax14 16 29 33 
Other comprehensive income, net of tax28 16 43 33 
Balance at end of period$(1,952)$(2,053)$(1,952)$(2,053)
Total Accumulated other comprehensive loss$(2,491)$(2,388)$(2,491)$(2,388)