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Other Financial Data (Tables)
6 Months Ended
Jul. 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 EndedSix Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Other charges:
Intangibles amortization (Note 15)$43 $65 $98 $131 
Environmental reserve expense15 — 15 — 
Reorganization of business (Note 14)5 12 12 
Operating lease asset impairments1 4 12 
Acquisition-related transaction fees 2 14 
Legal settlements —  11 
Fixed asset impairments1 3 11 
Gain on Hytera legal settlement —  (13)
Other1 — 1 (1)
 $66 $85 $135 $177 
Other Income (Expense)
Interest expense, net, and Other, net, both included in Other income (expense), consist of the following: 
 Three Months EndedSix Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Interest income (expense), net:
Interest expense$(63)$(59)$(126)$(117)
Interest income6 15 
$(57)$(56)$(111)(112)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$24 $30 $49 $63 
Loss from the extinguishment of long-term debt (Note 5) (6) (6)
Investment impairments(3)— (9)(1)
Foreign currency gain (loss)(21)27 (40)50 
Gain (loss) on derivative instruments (Note 6)9 (34)17 (57)
Gain (loss) on equity method investments1 (2)1 (2)
Fair value adjustments to equity investments16 (12)19 (30)
Gain on TETRA Ireland equity method investment —  21 
Other (5)2 (5)
 $26 $(2)$39 $33 
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 1, 2023July 2, 2022July 1, 2023July 2, 2022
Basic earnings per common share:
Earnings$371 $228 $649 $495 
Weighted average common shares outstanding167.5 167.2 167.4 167.6 
Per share amount$2.21 $1.36 $3.88 $2.95 
Diluted earnings per common share:
Earnings$371 $228 $649 $495 
Weighted average common shares outstanding167.5 167.2 167.4 167.6 
Add effect of dilutive securities:
Share-based awards3.6 3.4 3.8 3.9 
1.75% senior convertible notes
1.5 0.3 1.3 0.5 
Diluted weighted average common shares outstanding172.6 170.9 172.5 172.0 
Per share amount$2.15 $1.33 $3.76 $2.88 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
July 1, 2023December 31, 2022
Accounts receivable$1,578 $1,579 
Less allowance for credit losses(65)(61)
 $1,513 $1,518 
Inventories, Net
Inventories, net, consist of the following: 
July 1, 2023December 31, 2022
Finished goods$337 $354 
Work-in-process and production materials821 829 
1,158 1,183 
Less inventory reserves(138)(128)
 $1,020 $1,055 
Other Current Assets
Other current assets consist of the following: 
July 1, 2023December 31, 2022
Current contract cost assets (Note 2)$84 $61 
Tax-related deposits34 33 
Other232 289 
 $350 $383 
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
July 1, 2023December 31, 2022
Land$5 $
Leasehold improvements460 456 
Machinery and equipment2,282 2,303 
2,747 2,764 
Less accumulated depreciation(1,812)(1,837)
 $935 $927 
Investments Investments consist of the following:
July 1, 2023December 31, 2022
Common stock$38 $21 
Strategic investments35 45 
Company-owned life insurance policies76 69 
Equity method investments13 12 
 $162 $147 
Other Assets Other assets consist of the following:
July 1, 2023December 31, 2022
Defined benefit plan assets$156 $164 
Non-current contract cost assets (Note 2)105 130 
Other62 16 
 $323 $310 
Accrued Liabilities
Accrued liabilities consist of the following: 
July 1, 2023December 31, 2022
Compensation$270 $374 
Tax liabilities270 367 
Dividend payable147 148 
Trade liabilities136 145 
Operating lease liabilities (Note 3)114 118 
Customer reserves67 78 
Other322 408 
 $1,326 $1,638 
Other Liabilities
Other liabilities consist of the following: 
July 1, 2023December 31, 2022
Defined benefit plans$949 $1,004 
Non-current contract liabilities (Note 2)382 363 
Unrecognized tax benefits (Note 7)29 29 
Deferred income taxes (Note 7)71 73 
Environmental reserve123 108 
Other175 114 
 $1,729 $1,691 
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three and six months ended July 1, 2023 and July 2, 2022:
Three Months EndedSix Months Ended
July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Foreign Currency Translation Adjustments:
Balance at beginning of period$(503)$(404)$  (539)$(384)
Other comprehensive income (loss) before reclassification adjustment27 (132)54 (151)
Tax benefit (expense) (3)9 (4)
Other comprehensive income (loss), net of tax27 (135)63 (155)
Balance at end of period$(476)$(539)$(476)$(539)
Defined Benefit Plans:
Balance at beginning of period$(1,984)$(1,980)$(1,996)$(1,995)
Other comprehensive income before reclassification adjustment 17  17 
Tax expense (3) (3)
Other comprehensive income before reclassification adjustment, net of tax 14  14 
Reclassification adjustment - Actuarial net losses into Other income (Note 8)15 20 30 40 
Reclassification adjustment - Prior service benefits into Other income (Note 8)1 (1)2 (2)
Tax expense(3)(5)(7)(9)
Reclassification adjustments into Net earnings, net of tax13 14 25 29 
Other comprehensive income, net of tax13 28 25 43 
Balance at end of period$(1,971)$(1,952)$(1,971)$(1,952)
Total Accumulated other comprehensive loss$(2,447)$(2,491)$(2,447)$(2,491)