Motorola 2007 Annual Report Download - page 93
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The following table displays summarized financial information for discontinued operations:
Years Ended December 31 2007 2006 2005
Net sales (including sales to other Motorola businesses of $0 million and $3 million for
the years ended December 31, 2006 and 2005, respectively) $— $860 $1,581
Operating earnings 10 87 118
Gains on sales of investments and businesses, net —399 16
Earnings before income taxes 10 482 135
Income tax expense (benefit) (46) 82 76
Earnings from discontinued operations, net of tax 56 400 59
3. Other Financial Data
Statement of Operations Information
Other Charges (Income)
Other charges (income) included in Operating earnings (loss) consist of the following:
Years Ended December 31 2007 2006 2005
Other charges (income):
Intangibles amortization $369 $ 100 $ 67
Reorganization of businesses 290 172 54
Legal settlements and related insurance matters 140 50 —
In-process research and development charges 96 33 2
Asset impairments 89 ——
Charitable contribution to Motorola Foundation —88 —
Settlements and collections related to Telsim —(418) (515)
Other —— (12)
$984 $ 25 $(404)
Other Income (Expense)
Interest income (expense), net, and Other both included in Other income (expense) consist of the following:
Years Ended December 31 2007 2006 2005
Interest income (expense), net:
Interest income $ 456 $ 661 $ 396
Interest expense (365) (335) (325)
$91 $ 326 $ 71
Other:
Foreign currency gain (loss) $97 $ 60 $ (38)
Investment impairments (62) (27) (25)
Gain on Sprint Nextel derivatives —99 51
Debt retirement —— (137)
Repayment of previously-reserved Iridium loan ——30
Other (13) 19 10
$22 $ 151 $(109)
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