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Other Financial Data (Tables)
3 Months Ended
Apr. 01, 2023
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
April 1, 2023April 2, 2022
Other charges (income):
Intangibles amortization (Note 15)$55 $66 
Reorganization of business (Note 14)7 
Operating lease asset impairments3 
Acquisition-related transaction fees2 10 
Legal settlements 11 
Fixed asset impairments2 
Gain on Hytera legal settlement (13)
Other (1)
 $69 $92 
Other Income (Expense)
Interest expense, net, and Other, net, both included in Other income (expense), consist of the following: 
 Three Months Ended
April 1, 2023April 2, 2022
Interest income (expense), net:
Interest expense$(63)$(58)
Interest income9 
$(54)$(56)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$25 $32 
Investment impairments(6)(1)
Foreign currency gain (loss)(19)23 
Gain (loss) on derivative instruments (Note 6)7 (23)
Fair value adjustments to equity investments3 (18)
Gain on TETRA Ireland equity method investment 21 
Other2 — 
 $12 $34 
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
April 1, 2023April 2, 2022
Basic earnings per common share:
Earnings$278 $267 
Weighted average common shares outstanding167.4 168.0 
Per share amount$1.66 $1.59 
Diluted earnings per common share:
Earnings$278 $267 
Weighted average common shares outstanding167.4 168.0 
Add effect of dilutive securities:
Share-based awards4.0 4.5 
1.75% senior convertible notes
1.2 0.6 
Diluted weighted average common shares outstanding172.6 173.1 
Per share amount$1.61 $1.54 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
April 1, 2023December 31, 2022
Accounts receivable$1,403 $1,579 
Less allowance for credit losses(63)(61)
 $1,340 $1,518 
Inventories, Net
Inventories, net, consist of the following: 
April 1, 2023December 31, 2022
Finished goods$365 $354 
Work-in-process and production materials852 829 
1,217 1,183 
Less inventory reserves(135)(128)
 $1,082 $1,055 
Other Current Assets
Other current assets consist of the following: 
April 1, 2023December 31, 2022
Current contract cost assets (Note 2)$69 $61 
Contractor receivables4 47 
Tax-related deposits38 33 
Other247 242 
 $358 $383 
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
April 1, 2023December 31, 2022
Land$5 $
Leasehold improvements463 456 
Machinery and equipment2,224 2,303 
2,692 2,764 
Less accumulated depreciation(1,765)(1,837)
 $927 $927 
Investments Investments consist of the following:
April 1, 2023December 31, 2022
Common stock$22 $21 
Strategic investments38 45 
Company-owned life insurance policies71 69 
Equity method investments13 12 
 $144 $147 
Other Assets Other assets consist of the following:
April 1, 2023December 31, 2022
Defined benefit plan assets$128 $164 
Non-current contract cost assets (Note 2)119 130 
Other75 16 
 $322 $310 
Accrued Liabilities
Accrued liabilities consist of the following: 
April 1, 2023December 31, 2022
Compensation$329 $374 
Tax liabilities349 367 
Dividend payable148 148 
Trade liabilities138 145 
Operating lease liabilities (Note 3)108 118 
Customer reserves56 78 
Other325 408 
 $1,453 $1,638 
Other Liabilities
Other liabilities consist of the following: 
April 1, 2023December 31, 2022
Defined benefit plans$974 $1,004 
Non-current contract liabilities (Note 2)378 363 
Unrecognized tax benefits (Note 7)29 29 
Deferred income taxes (Note 7)74 73 
Environmental reserve108 108 
Other163 114 
 $1,726 $1,691 
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three months ended April 1, 2023 and April 2, 2022:
Three Months Ended
April 1, 2023April 2, 2022
Foreign Currency Translation Adjustments:
Balance at beginning of period$(539)$(384)
Other comprehensive income (loss) before reclassification adjustment27 (18)
Tax benefit (expense)9 (2)
Other comprehensive income (loss), net of tax36 (20)
Balance at end of period$(503)$(404)
Defined Benefit Plans:
Balance at beginning of period$(1,996)$(1,995)
Reclassification adjustment - Actuarial net losses into Other income (Note 8)15 20 
Reclassification adjustment - Prior service benefits into Other income (Note 8)1 (1)
Tax expense(4)(4)
Other comprehensive income, net of tax12 15 
Balance at end of period$(1,984)$(1,980)
Total Accumulated other comprehensive loss$(2,487)$(2,384)