Motorola 2010 Annual Report Download - page 94

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86
Other Assets
Other assets consists of the following:
December 31 2010 2009
Intangible assets, net of accumulated amortization of $1,561 and $1,312 $ 451 $ 591
Long-term receivables, net of allowances of $3 and $9 262 117
Royalty license arrangements 228 255
Contract-related deferred costs 181 286
Value-added tax refunds receivable 63 127
Other 243 304
$1,428 $1,680
Accrued Liabilities
Accrued liabilities consists of the following:
December 31 2010 2009
Deferred revenue $1,071 $ 836
Compensation 804 542
Customer reserves 373 321
Tax liabilities 293 246
Warranty reserves 249 209
Billings in excess of costs and earnings 226 253
Contractor payables 194 235
Customer downpayments 106 159
Other 1,388 1,340
$4,704 $4,141
Other Liabilities
Other liabilities consists of the following:
December 31 2010 2009
Defined benefit plans, including split dollar life insurance policies $2,183 $2,450
Deferred revenue 496 601
Postretirement health care benefits plan 277 287
Unrecognized tax benefits 76 196
Other 510 453
$3,542 $3,987
Stockholders’ Equity Information
Share Repurchase Program: During the years ended December 31, 2010 and 2009, the Company did not
repurchase any of its common shares. During the year ended December 31, 2008, the Company repurchased
1.3 million of its common shares at an aggregate cost of $138 million, or an average cost of $107.24 per share, all
of which were repurchased during the three months ended March 29, 2008. These amounts give effect to the
Reverse Stock Split, which occurred on January 4, 2011.
The repurchase of common shares took place under programs approved by the Board of Directors, authorizing
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.
Payment of Dividends: During the year ended December 31, 2010, the Company did not pay cash dividends
to holders of its common stock. During the year ended December 31, 2009, the Company paid $114 million in cash