XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.22.4

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) | 2022 |  | 2021 |  | 2020
Other charges (income): |  |  |  |  |
Intangibles amortization (Note 15) | $ | 257 |  |  | $ | 236 |  |  | $ | 215 |
Reorganization of businesses (Note 14) | 18 |  |  | 24 |  |  | 57 |
Legal Settlements | 23 |  |  | 3 |  |  | 9 |
Fixed asset impairments | 12 |  |  | — |  |  | 5 |
Gain on sale of property, plant, and equipment | — |  |  | — |  |  | (50) |
Operating lease asset impairments | 24 |  |  | 10 |  |  | — |
Acquisition-related transaction fees | 23 |  |  | 15 |  |  | 9 |
Gain on Hytera legal settlement | (15) |  |  | — |  |  | — |
Other | (3) |  |  | (2) |  |  | 1 |
| $ | 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) | 2022 |  | 2021 |  | 2020
Interest expense, net: |  |  |  |  |
Interest expense | $ | (240) |  |  | $ | (215) |  |  | $ | (233) |
Interest income | 14 |  |  | 7 |  |  | 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) |  |  | 5 |  |  | 3 |
Fair value adjustments to equity investments | (30) |  |  | (8) |  |  | 6 |
Gain on TETRA Ireland equity method investment | 21 |  |  | — |  |  | — |
Other | (3) |  |  | 3 |  |  | 2 |
| $ | 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 31 |  |  |  |  |  |  | 2022 |  | 2021 |  | 2020
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |
Earnings |  |  |  |  |  |  | $ | 1,363 |  |  | $ | 1,245 |  |  | $ | 949 |
Weighted average common shares outstanding |  |  |  |  |  |  | 167.5 |  |  | 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 outstanding |  |  |  |  |  |  | 167.5 |  |  | 169.2 |  |  | 170.0 |
Add effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Share-based awards |  |  |  |  |  |  | 3.7 |  |  | 4.0 |  |  | 4.1 |
1.75% senior convertible notes |  |  |  |  |  |  | 0.7 |  |  | 0.4 |  |  | — |
Diluted weighted average common shares outstanding |  |  |  |  |  |  | 171.9 |  |  | 173.6 |  |  | 174.1 |
Per share amount |  |  |  |  |  |  | $ | 7.93 |  |  | $ | 7.17 |  |  | $ | 5.45 |
Accounts Receivable, Net | Accounts receivable, net, consists of the following:
December 31 | 2022 |  | 2021
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 31 | 2022 |  | 2021
Finished goods | $ | 354 |  |  | $ | 268 |
Work-in-process and production materials | 829 |  |  | 643 |
| 1,183 |  |  | 911 |
Less inventory reserves | (128) |  |  | (123) |
| $ | 1,055 |  |  | $ | 788 |
Other Current Assets | Other current assets consist of the following:
December 31 | 2022 |  | 2021
Current contract cost assets (Note 2) | $ | 61 |  |  | $ | 30 |
Contractor receivables | 47 |  |  | 7 |
Tax-related deposits (Note 7) | 33 |  |  | 41 |
Other | 242 |  |  | 181 |
| $ | 383 |  |  | $ | 259 |
Property, Plant And Equipment, Net | Property, plant and equipment, net, consist of the following:
December 31 | 2022 |  | 2021
Land | $ | 5 |  |  | $ | 5 |
Leasehold improvements | 456 |  |  | 474 |
Machinery and equipment | 2,303 |  |  | 2,439 |
| 2,764 |  |  | 2,918 |
Less accumulated depreciation | (1,837) |  |  | (1,876) |
| $ | 927 |  |  | $ | 1,042 |
Investments | Investments consist of the following:
December 31 | 2022 |  | 2021 |  |  |  |
Common stock | $ | 21 |  |  | $ | 69 |  |  |  |  |
Strategic investments, at cost | 45 |  |  | 35 |  |  |  |  |
Company-owned life insurance policies | 69 |  |  | 81 |  |  |  |  |
Equity method investments | 12 |  |  | 24 |  |  |  |  |
| $ | 147 |  |  | $ | 209 |  |  |  |  |
Other Assets | Other assets consist of the following:
December 31 | 2022 |  | 2021
Defined benefit plan assets (Note 8) | $ | 164 |  |  | $ | 365 |
Non-current contract cost assets (Note 2) | 130 |  |  | 124 |
Other | 16 |  |  | 69 |
| $ | 310 |  |  | $ | 558 |
Accrued Liabilities | Accrued liabilities consist of the following:
December 31 | 2022 |  | 2021
Compensation | $ | 374 |  |  | $ | 360 |
Tax liabilities (Note 7) | 367 |  |  | 183 |
Dividend payable | 148 |  |  | 134 |
Trade liabilities | 145 |  |  | 235 |
Operating lease liabilities (Note 3) | 118 |  |  | 124 |
Customer reserves | 78 |  |  | 102 |
Other | 408 |  |  | 419 |
| $ | 1,638 |  |  | $ | 1,557 |
Other Liabilities | Other liabilities consist of the following:
December 31 | 2022 |  | 2021
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 Reserve | 108 |  |  | 108 |
Other | 114 |  |  | 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:
Year | Shares Repurchased (in millions) |  | Average Price |  | Amount (in millions)
2022 | 3.7 |  |  | $ | 225.00 |  |  | $ | 836 |
2021 | 2.5 |  |  | 208.41 |  |  | 528 |
2020 | 3.9 |  |  | 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
| 2022 |  | 2021 |  | 2020
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 |  |  | 6 |  |  | (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 tax | 57 |  |  | 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) |

X
- Definition Cash Equivalents and Investments [Table Text Block] - Schedule of Cash equivalents and investments, including debt and equity securities accounted for under the equity or cost methods of accounting. + References No definition available. + Details
Name: | msi_CashEquivalentsAndInvestmentsTableTextBlock
Namespace Prefix: | msi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Other Charges [Table Text Block] - Table Text block for the break-up of other charges charged to earnings. + References No definition available. + Details
Name: | msi_OtherChargesTableTextBlock
Namespace Prefix: | msi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Other Liabilities [Table Text Block] + References No definition available. + Details
Name: | msi_ScheduleOfOtherLiabilitiesTableTextBlock
Namespace Prefix: | msi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration