Motorola 2012 Annual Report Download - page 71

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63
Gains on sales of investments and businesses, net, consists of the following:
Years Ended December 31 2012 2011 2010
Gains on sales of investments, net $39
$17$49
Gains on sales of businesses, net —6—
$39
$23$49
During the year ended December 31, 2010, the $49 million of net gains primarily relate to sales of a number of the
Company’s equity investments, of which $31 million of gain was attributable to a single investment.
Accounts Receivable, Net
Accounts receivable, net, consist of the following:
December 31 2012 2011
Accounts receivable $ 1,932 $ 1,911
Less allowance for doubtful accounts (51)(45)
$ 1,881 $ 1,866
Inventories, Net
Inventories, net, consist of the following:
December 31 2012 2011
Finished goods $ 244 $ 319
Work-in-process and production materials 432 363
676 682
Less inventory reserves (163)(170)
$ 513 $ 512
Other Current Assets
Other current assets consist of the following:
December 31 2012 2011
Costs and earnings in excess of billings $ 416 $ 302
Contract-related deferred costs 141 142
Tax-related refunds receivable 95 85
Other 148 157
$ 800 $ 686
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
December 31 2012 2011
Land $38
$69
Building 739 774
Machinery and equipment 1,932 2,052
2,709 2,895
Less accumulated depreciation (1,870)(1,999)
$ 839 $ 896
Depreciation expense for the years ended December 31, 2012, 2011 and 2010 was $179 million, $165 million and $150
million, respectively.