Motorola 2013 Annual Report Download - page 68

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66
Gains on sales of investments and businesses, net, consists of the following:
Years ended December 31 2013 2012 2011
Gains on sales of investments, net $ 40 $ 39 $ 17
Gains on sales of businesses, net —— 6
$ 40 $ 39 $ 23
Accounts Receivable, Net
Accounts receivable, net, consist of the following:
December 31 2013 2012
Accounts receivable $ 1,976 $ 1,932
Less allowance for doubtful accounts (56)(51)
$ 1,920 $ 1,881
Inventories, Net
Inventories, net, consist of the following:
December 31 2013 2012
Finished goods $ 232 $ 244
Work-in-process and production materials 468 432
700 676
Less inventory reserves (178)(163)
$ 522 $ 513
Other Current Assets
Other current assets consist of the following:
December 31 2013 2012
Costs and earnings in excess of billings $ 390 $ 416
Contract-related deferred costs 105 141
Tax-related deposits and refunds receivable 113 95
Other 159 148
$ 767 $ 800
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
December 31 2013 2012
Land $ 36 $ 38
Building 649 739
Machinery and equipment 1,938 1,932
2,623 2,709
Less accumulated depreciation (1,813)(1,870)
$ 810 $ 839
Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $202 million, $179 million and $165
million, respectively.