Motorola 2009 Annual Report Download - page 99

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91
During the year ended December 31, 2009, the $88 million of net gains primarily relates to sales of certain
of the Company’s equity investments, of which $32 million of gain was attributable to a single investment. These
gains were partially offset by a net loss on the sale of specific businesses. During the year ended December 31,
2008, the $82 million of net gains primarily related to sales of a number of the Company’s equity investments, of
which $29 million of gain was attributable to a single investment. During the year ended December 31, 2007, the
$50 million of net gains was primarily related to a $34 million gain on the sale of the Company’s embedded
communication computing group.
Accounts Receivable
Accounts receivable, net, consists of the following:
December 31 2009 2008
Accounts receivable $3,637 $3,675
Less allowance for doubtful accounts (142) (182)
$3,495 $3,493
Inventories
Inventories, net, consist of the following:
December 31 2009 2008
Finished goods $1,062 $1,710
Work-in-process and production materials 1,062 1,709
2,124 3,419
Less inventory reserves (816) (760)
$1,308 $2,659
During the year ended December 31, 2008, the Company recorded a charge of $291 million for excess
inventory due to a decision to consolidate software and silicon platforms in the Mobile Devices segment.
Other Current Assets
Other current assets consists of the following:
December 31 2009 2008
Costs and earnings in excess of billings $ 686 $1,094
Contract related deferred costs 616 861
Contractor receivables 342 378
Value-added tax refunds receivable 95 278
Other 445 529
$2,184 $3,140
Property, plant, and equipment
Property, plant and equipment, net, consists of the following:
December 31 2009 2008
Land $ 127 $ 148
Building 1,823 1,905
Machinery and equipment 5,187 5,687
7,137 7,740
Less accumulated depreciation (4,983) (5,298)
$ 2,154 $ 2,442
Depreciation expense for the years ended December 31, 2009, 2008 and 2007 was $471 million,
$511 million and $537 million, respectively.