Motorola 2009 Annual Report Download - page 127
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119
The Operating loss in Other and Eliminations consists of the following:
Years Ended December 31 2009 2008 2007
Amortization of intangible assets $278 $ 318 $ 369
Share-based compensation expense 206 224 284
Corporate expenses 181 252 240
Separation-related transaction costs 42 59 —
Reorganization of business charges 30 38 64
Environmental reserve charge 24 ——
Legal settlements, net (75) 14 140
Goodwill impairment —1,619 —
Asset impairments —129 81
In-process research and development charges —196
Gain on sale of property, plant and equipment —(48) —
$686 $2,606 $1,274
Share-based compensation expense is primarily comprised of: (i) compensation expense related to the Company’s employee stock options,
stock appreciation rights and employee stock purchase plans, and (ii) compensation expenses related to the restricted stock and restricted
stock units granted to the corporate employees.
Corporate expense are primarily comprised of: (i) general corporate-related expenses, (ii) various corporate programs, representing
developmental businesses and research and development projects, which are not included in any reporting segment, and (iii) the Company’s
wholly-owned finance subsidiary.
Assets Capital Expenditures Depreciation Expense
Years Ended December 31 2009 2008 2007 2009 2008 2007 2009 2008 2007
Mobile Devices $ 2,589 $ 3,559 $ 6,325 $35 $ 84 $132 $104 $115 $146
Home and Networks Mobility 5,861 7,024 7,451 85 147 160 130 135 141
Enterprise Mobility Solutions 5,559 6,000 8,694 141 166 113 152 158 167
14,009 16,583 22,470 261 397 405 386 408 454
Other and Eliminations 11,594 11,286 12,342 14 107 122 85 103 83
$25,603 $27,869 $34,812 $275 $504 $527 $471 $511 $537
Assets in Other include primarily cash and cash equivalents, Sigma Fund, deferred income taxes, short-term investments, property, plant and
equipment, investments, and the administrative headquarters of the Company.
Geographic area information
Property, Plant, and
Net Sales Assets Equipment, net
Years Ended December 31 2009 2008 2007 2009 2008 2007 2009 2008 2007
United States $11,834 $14,708 $18,548 $18,480 $17,938 $22,385 $1,050 $1,240 $1,252
China 1,393 2,011 2,632 2,785 3,307 3,926 252 294 311
Brazil 910 1,554 1,671 860 1,057 1,440 100 110 109
United Kingdom 579 936 1,070 1,317 1,314 1,305 48 85 121
Israel 531 696 741 1,330 1,268 1,374 173 141 165
Singapore 93 116 128 720 1,875 3,120 20 32 40
Other nations, net of
eliminations 6,704 10,125 11,832 111 1,110 1,262 511 540 482
$22,044 $30,146 $36,622 $25,603 $27,869 $34,812 $2,154 $2,442 $2,480
Net sales by geographic region are measured by the locale of end customer.
13. Reorganization of Businesses
The Company maintains a formal Involuntary Severance Plan (the ‘‘Severance Plan’’), which permits the
Company to offer eligible employees severance benefits based on years of service and employment grade level in