Motorola 2007 Annual Report Download - page 98

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Stockholders’ Equity Information
Comprehensive Earnings (Loss)
Net unrealized gains (losses) on securities included in Comprehensive earnings (loss) are comprised of the
following:
Years Ended December 31 2007 2006 2005
Gross unrealized gains (losses) on securities, net of tax $(102) $ 31 $ (204)
Less: Realized gains (losses), net of tax (6) 91 1,116
Net unrealized losses on securities, net of tax $ (96) $(60) $(1,320)
Share Repurchase Program
Share Repurchase Program: During 2007, the Company repurchased 171.2 million of its common shares at
an aggregate cost of $3.0 billion, or an average cost of $17.74 per share. In 2006, the Company repurchased a
total of 171.7 million of its common shares at an aggregate cost of $3.8 billion, or an average cost of $22.29 per
share. In 2005, the Company repurchased a total of 41.7 million shares at an aggregate cost of $874 million, or an
average cost of $20.96 per share. Since the inception of its first-ever share repurchase program in May 2005, the
Company has repurchased a total of 384.6 million of its common shares for an aggregate cost of $7.7 billion. All
repurchased shares have been retired.
Through actions taken in July 2006 and March 2007, the Board of Directors authorized the Company to
repurchase an aggregate amount of up to $7.5 billion of its outstanding shares of common stock over a period
ending in June 2009, subject to market conditions (the “2006 Stock Repurchase Program”). As of December 31,
2007, the Company remained authorized to purchase an aggregate amount of up to $3.8 billion of additional
shares under the 2006 Stock Repurchase Program.
4. Debt and Credit Facilities
Long-Term Debt
December 31 2007 2006
7.6% notes due 2007 $ — $ 118
4.608% senior notes due 2007 — 1,205
6.5% notes due 2008 114 114
5.8% notes due 2008 84 84
7.625% notes due 2010 527 525
8.0% notes due 2011 599 599
5.375% senior notes due 2012 400 —
6.0% senior notes due 2017 399 —
6.5% debentures due 2025 397 397
7.5% debentures due 2025 398 398
6.5% debentures due 2028 297 297
6.625% senior notes due 2037 596 —
5.22% debentures due 2097 195 194
Other long-term debt 145 141
4,151 4,072
Fair value adjustment 38 (28)
Less: current portion (198) (1,340)
Long-term debt $3,991 $ 2,704
90