Google 2015 Annual Report Download - page 85

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Table of Contents Alphabet Inc. and Google Inc.
81
The following table presents the aggregate carrying amounts of the major classes of assets and liabilities divested
(in millions):
Assets:
Cash and cash equivalents $ 160
Accounts receivable 1,103
Inventories 217
Prepaid expenses and other current assets 357
Prepaid expenses and other assets, non-current 290
Property and equipment, net 542
Intangible assets, net 985
Goodwill 43
Total assets $ 3,697
Liabilities:
Accounts payable $ 1,238
Accrued compensation and benefits 163
Accrued expenses and other current liabilities 10
Deferred revenue, current 165
Other long-term liabilities 250
Total liabilities $ 1,826
Motorola Home
On April 17, 2013, we sold the Motorola Home business to Arris for consideration of approximately $2,412 million
in cash, including cash of $2,238 million received at the date of close and certain post-close adjustments of $174
million received in the third quarter of 2013, and approximately $175 million in Arris' common stock (10.6 million shares).
Subsequent to the transaction, we own approximately 7.8% of the outstanding shares of Arris. Additionally, in connection
with the disposition, we agreed to indemnify Arris for potential liability from certain intellectual property infringement
litigation, for which we recorded an indemnification liability of $175 million, the majority of which was settled subsequent
to the disposition.
The disposition resulted in a net gain of $757 million, which was presented as part of net income from discontinued
operations in the Consolidated Statements of Income for the year ended December 31, 2013.
The financial results of Motorola Home through the date of divestiture are presented as net income (loss) from
discontinued operations on the Consolidated Statement of Income. The following table presents financial results of
the Motorola Home business included in net income (loss) from discontinued operations for the year ended December
31, 2013 (in millions):
Year Ended
December 31,
2013 (1)
Revenues $ 804
Loss from discontinued operations before income taxes (67)
Benefits from income taxes 16
Gain on disposal 757
Net income from discontinued operations $ 706
(1) The operating results of Motorola Home were included in our Consolidated Statements of Income from January 1, 2013
through April 17, 2013, the date of divestiture.