Motorola 2014 Annual Report Download - page 61
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59
Inventories, Net
Inventories, net, consist of the following:
December 31 2014 2013
Finished goods $ 163 $ 157
Work-in-process and production materials 313 315
476 472
Less inventory reserves (131) (125)
$ 345 $ 347
Other Current Assets
Other current assets consist of the following:
December 31 2014 2013
Costs and earnings in excess of billings $ 417 $ 405
Tax-related deposits and refunds receivable 103 107
Zebra receivable for cash transferred 49 —
Other 171 123
$ 740 $ 635
In conjunction with the sale of the Enterprise business to Zebra, the Company transfered legal entities which maintained
cash balances. Approximately $49 million of cash balances will be reimbursed by Zebra in accordance with the Acquisition
Agreement.
Property, Plant and Equipment, Net
Property, plant and equipment, net, consist of the following:
December 31 2014 2013
Land $ 18 $ 22
Building 559 582
Machinery and equipment 1,672 1,642
2,249 2,246
Less accumulated depreciation (1,700) (1,636)
$ 549 $ 610
Depreciation expense for the years ended December 31, 2014, 2013 and 2012 was $169 million, $157 million and $150
million, respectively.