Motorola 2005 Annual Report Download - page 97

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90
Other Current Assets
Other Current Assets consists of the following:
December 31
2005
2004
Contractor receivables $ 1,240 $ 658
Costs in excess of billings 359 328
Deferred costs 263 170
Other 531 639
$ 2,393 $ 1,795
Property, Plant, and Equipment
Property, Plant and Equipment, net, consists of the following:
December 31
2005
2004
Land $ 168 $ 200
Building 1,849 1,959
Machinery and equipment 6,055 6,222
8,072 8,381
Less accumulated depreciation (5,801) (6,049)
$ 2,271 $ 2,332
Depreciation expense for the years ended December 31, 2005, 2004 and 2003 was $532 million, $561 million
and $664 million, respectively.
Investments
Investments consist of the following:
December 31
2005
2004
Available-for-sale securities:
Cost basis $1,065 $ 616
Gross unrealized gains 232 2,296
Gross unrealized losses (75) (7)
Fair value 1,222 2,905
Other securities, at cost 294 213
Equity method investments 138 123
$1,654 $3,241
The Company recorded investment impairment charges of $25 million, $36 million and $96 million for the
years ended December 31, 2005, 2004 and 2003, respectively. These impairment charges represent other-than-
temporary declines in the value of the Company's investment portfolio. The impairment charges in 2005 and 2004
are primarily related to cost-based investment write-downs. The $96 million of impairment charges in 2003 is
primarily comprised of a $29 million charge to write down to zero the Company's debt security holdings in a
European cable operator and other cost-based investment write-downs. Investment impairment charges are included
in Other within Other income (expense) in the Company's consolidated statements of operations.
Gains on sales of investments and businesses, consists of the following:
Years Ended December 31
2005
2004 2003
Gains on sales of investments $1,848 $434 $524
Gains on sales of businesses 13 26 15
$1,861 $460 $539