Motorola 2009 Annual Report Download - page 100

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92
Other Assets
Other assets consists of the following:
December 31 2009 2008
Intangible assets, net of accumulated amortization of $1,375 and $1,106 $ 593 $ 869
Contract related deferred costs 345 136
Royalty license arrangements 255 289
Value-added tax refunds receivable 127 117
Long-term receivables, net of allowances of $9 and $7 117 52
Other 348 353
$1,785 $1,816
Accrued Liabilities
Accrued liabilities consists of the following:
December 31 2009 2008
Deferred revenue $1,325 $1,533
Compensation 634 703
Customer reserves 424 599
Billings in excess of costs and earnings 336 210
Tax liabilities 258 545
Customer downpayments 178 496
Contractor payables 240 318
Warranty reserves 226 285
Other 1,675 2,651
$5,296 $7,340
Other Liabilities
Other liabilities consists of the following:
December 31 2009 2008
Defined benefit plans, including split dollar life insurance policies $2,450 $2,202
Deferred revenue 713 316
Postretirement health care benefit plan 287 261
Unrecognized tax benefits 196 312
Other 448 471
$4,094 $3,562
Stockholders’ Equity Information
Share Repurchase Program: During the year ended December 31, 2009, the Company did not repurchase
any of its common shares. During the year ended December 31, 2008, the Company repurchased 9.0 million of
its common shares at an aggregate cost of $138 million, or an average cost of $15.32 per share, all of which
were repurchased during the three months ended March 29, 2008. During the year ended December 31, 2007,
the Company repurchased 171.2 million of its common shares at an aggregate cost of $3.0 billion, or an average
cost of $17.74 per share.
Through actions taken in July 2006 and March 2007, the Board of Directors had authorized the Company
to repurchase an aggregate amount of up to $7.5 billion of its outstanding shares of common stock over a period
of time. This authorization expired in June 2009 and was not renewed. The Company has not repurchased any
shares since the first quarter of 2008. All repurchased shares have been retired.