Motorola 2014 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2014 Motorola annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

64
Derivative Financial Instruments
The following tables summarize the fair values and location in the consolidated balance sheets of all derivative financial
instruments held by the Company at December 31, 2014 and 2013:
Fair Values of Derivative Instruments
Assets Liabilities
December 31, 2014 Fair
Value
Balance
Sheet
Location Fair
Value
Balance
Sheet
Location
Derivatives not designated as hedging instruments:
Foreign exchange contracts 1 Other assets 5 Other liabilities
Interest agreements — Other assets 2 Other liabilities
Total derivatives $ 1 $ 7
Fair Values of Derivative Instruments
Assets Liabilities
December 31, 2013 Fair
Value
Balance
Sheet
Location Fair
Value
Balance
Sheet
Location
Derivatives designated as hedging instruments:
Foreign exchange contracts $ — Other assets $ 1 Other liabilities
Derivatives not designated as hedging instruments:
Foreign exchange contracts 4 Other assets 1 Other liabilities
Interest agreements — Other assets 3 Other liabilities
Total derivatives not designated as hedging instruments 4 4
Total derivatives $ 4 $ 5
The following table summarizes the effect of derivative instruments in the Company's consolidated statements of
operations, including immaterial amounts related to discontinued operations, for the years ended December 31, 2014, 2013 and
2012:
December 31 Statement of
Operations LocationGain (Loss) on Derivative Instruments 2014 2013 2012
Derivatives not designated as hedging
instruments:
Interest rate contracts $ 1 $ 2 $ (1) Other income (expense)
Foreign exchange contracts (5) 6 (13) Other income (expense)
Total derivatives not designated as hedging
instruments $ (4) $ 8 $ (14)
The following table summarizes the gains and losses reclassified from Accumulated other comprehensive loss into Net
earnings (loss), including immaterial amounts related to discontinued operations, for the years ended December 31, 2014, 2013
and 2012:
December 31
Financial Statement
LocationForeign Exchange Contracts 2014 2013 2012
Derivatives in cash flow hedging relationships
Other comprehensive gains (losses) before
reclassifications $ — $ (1) $ 3 Accumulated other
comprehensive loss
Gains (losses) reclassified from Accumulated other
comprehensive loss into Net earnings (loss) (1) 1 (1) Cost of sales