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Other Financial Data (Tables)
 6 Months Ended
Jun. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Charges (Income)
Other charges included in Operating earnings consist of the following:
 Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Other charges:
Intangibles amortization (Note 15)$36 $43 $76 $98 
Reorganization of business (Note 14)4 5 11 12 
Operating lease asset impairments1 1 4 4 
Acquisition-related transaction fees4 — 7 2 
Environmental reserve expense— 15 — 15 
Legal settlements— — 6 — 
Fixed asset impairments— 1 — 3 
Other— 1 — 1 
 $45 $66 $104 135 
Other Income (Expense)
Interest expense, net, and Other both included in Other income (expense), consist of the following: 
 Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Interest income (expense), net:
Interest expense$(87)$(63)$(149)$(126)
Interest income18 6 36 15 
$(69)$(57)$(113)$(111)
Other, net:
Net periodic pension and postretirement benefit (Note 8)$31 $24 $63 $49 
Loss from the extinguishment of Silver Lake Convertible Debt (Note 5)— — (585)— 
Investment impairments— (3)(3)(9)
Foreign currency gain (loss)3 (21)4 (40)
Gain (loss) on derivative instruments (Note 6)(5)9 (15)17 
Gain on equity method investments— 1 — 1 
Fair value adjustments to equity investments(11)16 (13)19 
Assessments on uncertain tax positions(11)— (11)— 
Other(2)— — 2 
 $5 $26 (560)39 
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
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Basic earnings per common share:
Earnings
$443 $371 $404 $649 
Weighted average common shares outstanding166.9 167.5 166.5 167.4 
Per share amount$2.65 $2.21 $2.43 $3.88 
Diluted earnings per common share:
Earnings
$443 $371 $404 $649 
Weighted average common shares outstanding166.9 167.5 166.5 167.4 
Add effect of dilutive securities:
Share-based awards3.4 3.6 3.8 3.8 
Silver Lake Convertible Debt
— 1.5 — 1.3 
Diluted weighted average common shares outstanding170.3 172.6 170.3 172.5 
Per share amount$2.60 $2.15 $2.37 $3.76 
Accounts Receivable, Net
Accounts receivable, net, consists of the following: 
June 29, 2024December 31, 2023
Accounts receivable$1,838 $1,779 
Less allowance for credit losses(76)(69)
 $1,762 $1,710 
Inventories, Net
Inventories, net, consist of the following: 
June 29, 2024December 31, 2023
Finished goods$339 $328 
Work-in-process and production materials602 640 
941 968 
Less inventory reserves(138)(141)
 $803 $827 
Other Current Assets
Other current assets consist of the following: 
June 29, 2024December 31, 2023
Current contract cost assets (Note 2)$54 $56 
Contractor receivables66 40 
Tax-related deposits43 32 
Other252 229 
 $415 $357 
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
June 29, 2024December 31, 2023
Land$5 $5 
Leasehold improvements439 448 
Machinery and equipment2,506 2,396 
2,950 2,849 
Less accumulated depreciation(1,963)(1,885)
 $987 $964 
Investments
Investments consist of the following:
June 29, 2024December 31, 2023
Common stock$15 $28 
Strategic investments26 28 
Company-owned life insurance policies75 74 
Equity method investments11 13 
 $127 $143 
Other Assets Other assets consist of the following:
June 29, 2024December 31, 2023
Defined benefit plan assets$128 $98 
Non-current contract cost assets (Note 2)119 119 
Other53 57 
 $300 $274 
Accrued Liabilities
Accrued liabilities consist of the following: 
June 29, 2024December 31, 2023
Compensation$274 $407 
Tax liabilities145 231 
Dividend payable164 163 
Trade liabilities155 140 
Operating lease liabilities (Note 3)124 125 
Customer reserves84 89 
Other420 349 
 $1,366 $1,504 
Other Liabilities
Other liabilities consist of the following: 
June 29, 2024December 31, 2023
Defined benefit plans (Note 8)$875 $939 
Non-current contract liabilities (Note 2)446 424 
Unrecognized tax benefits (Note 7)22 26 
Deferred income taxes (Note 7)57 55 
Environmental reserve119 119 
Other201 178 
 $1,720 $1,741 
Accumulated Other Comprehensive Loss
The following table displays the changes in Accumulated other comprehensive loss, including amounts reclassified into income, and the affected line items in the Condensed Consolidated Statements of Operations during the three and six months ended June 29, 2024 and July 1, 2023:
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Foreign Currency Translation Adjustments:
Balance at beginning of period$(506)$(503)$(482)$(539)
Other comprehensive income (loss) before reclassification adjustment(2)27 (29)54 
Tax benefit (expense)(1)— 2 9 
Other comprehensive income (loss), net of tax(3)27 (27)63 
Other comprehensive income attributable to noncontrolling interests, net of tax— — — — 
Balance at end of period$(509)$(476)$(509)$(476)
Derivative instruments:
Balance at beginning of period$(8)$— $(12)$— 
Other comprehensive income before reclassification adjustment— — 4 — 
Other comprehensive income before reclassification adjustment, net of tax— — 4 — 
Other comprehensive income, net of tax$— $— $4 $— 
Balance at end of period$(8)$— $(8)$— 
Defined Benefit Plans:
Balance at beginning of period$(2,039)$(1,984)$(2,046)$(1,996)
Reclassification adjustment - Actuarial net losses into Other income (Note 8)8 15 17 30 
Reclassification adjustment - Prior service benefits into Other income (Note 8)1 1 1 2 
Tax expense(2)(3)(4)(7)
Reclassification adjustments into Net earnings, net of tax7 13 14 25 
Other comprehensive income, net of tax7 13 14 25 
Balance at end of period$(2,032)$(1,971)$(2,032)$(1,971)
Total Accumulated other comprehensive loss$(2,549)$(2,447)$(2,549)$(2,447)