Motorola 2014 Annual Report Download - page 62
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60
Other Assets
Other assets consist of the following:
December 31 2014 2013
Intangible assets $ 23 $ 6
Long-term receivables 31 1
Other 91 82
$ 145 $ 89
Accrued Liabilities
Accrued liabilities consist of the following:
December 31 2014 2013
Deferred revenue $ 355 $ 359
Compensation 190 315
Billings in excess of costs and earnings 358 295
Tax liabilities 91 85
Customer liabilities 55 52
Dividend payable 75 79
Other 582 578
$ 1,706 $ 1,763
Other Liabilities
Other liabilities consist of the following:
December 31 2014 2013
Defined benefit plans $ 1,611 $ 1,751
Postretirement health care benefit plan 49 117
Deferred revenue 139 162
Unrecognized tax benefits 54 99
Other 158 185
$ 2,011 $ 2,314
Stockholders’ Equity Information
Share Repurchase Program: During 2014, the Company paid an aggregate of $2.5 billion, including transaction costs, to
repurchase 39.4 million shares at an average price of $64.63 per share. During 2013, the Company paid an aggregate of $1.7
billion, including transaction costs, to repurchase 28.6 million shares at an average price of $59.30. During 2012, the Company
paid an aggregate of $2.4 billion, including transaction costs, to repurchase 49.6 million shares at an average price of $49.14.
On November 4, 2014, the Company announced that its Board of Directors authorized up to $5.0 billion in additional funds
for share repurchases, bringing the aggregate amount of the share repurchase program to $12.0 billion. As of December 31,
2014, the Company had used approximately $7.8 billion of the share repurchase authority, including transaction costs, to
repurchase shares, leaving $4.2 billion of authority available for future repurchases.
Payment of Dividends: On July 31, 2014, the Company announced that its Board of Directors approved an increase in the
quarterly cash dividend from $0.31 per share to $0.34 per share of common stock. During the years ended December 31, 2014,
2013, and 2012 the Company paid $318 million, $292 million, and $270 million respectively, in cash dividends to holders of its
common stock.