Motorola 2010 Annual Report Download - page 92

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84
Investments
Investments consist of the following:
Recorded Value Less
December 31, 2010
Short-term
Investments Investments
Unrealized
Gains
Unrealized
Losses
Cost
Basis
Certificates of deposit $ 7 $ — $— $— $ 7
Available-for-sale securities:
U.S. government, agency and
government-sponsored enterprise obligations — 17 — — 17
Corporate bonds 2 11 — — 13
Mortgage-backed securities — 3 — — 3
Common stock and equivalents — 34 18 — 16
96518—56
Other securities, at cost — 202 — — 202
Equity method investments — 43 — — 43
$ 9 $310 $18 $— $301
Recorded Value Less
December 31, 2009
Short-term
Investments Investments
Unrealized
Gains
Unrealized
Losses
Cost
Basis
Available-for-sale securities:
U.S. government, agency and
government-sponsored enterprise obligations $— $ 23 $ 1 $— $ 22
Corporate bonds 2 10 — — 12
Mortgage-backed securities — 3 — — 3
Common stock and equivalents — 147 111 (1) 37
2 183 112 (1) 74
Other securities, at cost — 220 — — 220
Equity method investments — 53 — — 53
$ 2 $456 $112 $(1) $347
During the years ended December 31, 2010, 2009 and 2008, the Company recorded investment impairment
charges of $28 million, $77 million and $365 million, respectively, representing other-than-temporary declines in
the value of the Company’s available-for-sale investment portfolio. 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 2010 2009 2008
Gains on sales of investments, net $48 $ 91 $76
Loss on sales of businesses, net —(17) —
$48 $ 74 $76
During the year ended December 31, 2010, the $48 million of net gains primarily related to sales of a number
of the Company’s equity investments, of which $31 million of gain was attributable to a single investment. During
the year ended December 31, 2009, the $74 million of net gains primarily relates to sales of certain of the
Company’s equity investments, of which $32 million of gain was attributable to a single investment. These gains
were partially offset by a net loss on the sale of specific businesses. During the year ended December 31, 2008, the
$76 million of net gains primarily related to sales of a number of the Company’s equity investments, of which
$29 million of gain was attributable to a single investment.