Motorola 2008 Annual Report Download - page 105
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Other Current Assets
Other current assets consists of the following:
December 31 2008 2007
Costs and earnings in excess of billings $1,094 $ 995
Contract related deferred costs 861 763
Contractor receivables 378 960
Value-added tax refunds receivable 278 321
Other 529 526
$3,140 $3,565
Property, plant, and equipment
Property, plant and equipment, net, consists of the following:
December 31 2008 2007
Land $ 148 $ 134
Building 1,905 1,934
Machinery and equipment 5,687 5,745
7,740 7,813
Less accumulated depreciation (5,298) (5,333)
$ 2,442 $ 2,480
Depreciation expense for the years ended December 31, 2008, 2007 and 2006 was $511 million, $537 million
and $463 million, respectively.
Other Assets
Other assets consists of the following:
December 31 2008 2007
Intangible assets, net of accumulated amortization of $1,106 and $819 $ 869 $1,260
Royalty license arrangements 289 364
Contract related deferred costs 136 180
Value-added tax refunds receivable 117 —
Long-term receivables, net of allowances of $7 and $5 52 68
Other 353 448
$1,816 $2,320
Accrued Liabilities
Accrued liabilities consists of the following:
December 31 2008 2007
Deferred revenue $1,533 $1,235
Compensation 703 772
Customer reserves 599 972
Tax liabilities 545 234
Customer downpayments 496 509
Contractor payables 318 875
Warranty reserves 285 416
Other 2,861 2,988
$7,340 $8,001
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