Motorola 2010 Annual Report Download - page 90
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82
Other Income (Expense)
Interest income, net, and Other both included in Other income (expense) consist of the following:
Years Ended December 31 2010 2009 2008
Interest income, net:
Interest expense $(220) $(211) $(223)
Interest income 89 79 261
$(131) $(132) $ 38
Other:
Investment impairments $ (28) $ (77) $(365)
Gain (loss) from the extinguishment of the Company’s outstanding long-term debt (12) 67 14
Foreign currency loss (17) (30) (136)
Gain (loss) on Sigma Fund investments 11 80 (101)
Impairment charges on Sigma Fund investments —— (186)
U.S. pension plan freeze curtailment gain —— 237
Liability extinguishment gain ——56
Gain on interest rate swaps ——24
Other 17 732
$ (29) $ 47 $(425)
Earnings (Loss) Per Common Share
Basic and diluted earnings (loss) per common share from both continuing operations and net earnings (loss)
attributable to Motorola Solutions, Inc., including discontinued operations, is computed as follows:
Continuing Operations
Net Earnings (loss)
attributable to
Motorola Solutions, Inc.
Years Ended December 31 2010 2009 2008 2010 2009 2008
Basic earnings (loss) per common share:
Earnings (loss) $ 254 $ (367) $(4,441) $ 633 $ (51) $(4,244)
Weighted average common shares outstanding 333.3 327.9 323.6 333.3 327.9 323.6
Per share amount $ 0.76 $ (1.12) $(13.72) $ 1.90 $ (0.16) $(13.11)
Diluted earnings (loss) per common share:
Earnings (loss) $ 254 $ (367) $(4,441) $ 633 $ (51) $(4,244)
Weighted average common shares outstanding 333.3 327.9 323.6 333.3 327.9 323.6
Add effect of dilutive securities:
Share-based awards and other 4.8 ——4.8 ——
Diluted weighted average common shares outstanding 338.1 327.9 323.6 338.1 327.9 323.6
Per share amount $ 0.75 $ (1.12) $(13.72) $ 1.87 $ (0.16) $(13.11)
Presentation gives effect to the Reverse Stock Split, which occurred on January 4, 2011.
In the computation of diluted earnings per common share from both continuing operation and on a net
earnings basis for the year ended December 31, 2010, 14.6 million out-of-the-money stock options and the assumed
vesting of 0.7 million restricted stock units were excluded because their inclusion would have been antidilutive. For
the years ended December 31, 2009 and 2008, the Company was in a net loss position and, accordingly, the
assumed exercise of 27.5 million and 33.2 million stock options, respectively, were excluded from diluted weighted
average shares outstanding because their inclusion would have been antidilutive. For the years ended December 31,
2009 and 2008, the Company was in a net loss position and, accordingly, the assumed vesting of 8.8 million and
3.7 million restricted stock units, respectively, were excluded from diluted weighted averages outstanding because
their inclusion would have been antidilutive.
Pursuant to the completion of the Separation on January 4, 2011, 8.0 million stock options and 3.8 million
unvested restricted stock units held by the employees of Motorola Mobility were subject to cancellation.