Motorola 2012 Annual Report Download - page 76

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68
The following table summarizes the effect of derivative instruments in the Company's consolidated statements of
operations, including immaterial amounts related to discontinued operations, for the years ended December 31, 2012, 2011, and
2010:
December 31, Statement of
Operations LocationLoss on Derivative Instruments 2012 2011 2010
Derivatives not designated as hedging
instruments:
Interest rate contracts $(16)$(11)$ (16) Other income (expense)
Foreign exchange contracts (13)(17)(33) Other income (expense)
Total derivatives not designated as hedging
instruments $(29)$(28)$ (49)
The following table summarizes the gains and losses recognized in the consolidated financial statements, including
immaterial amounts related to discontinued operations, for the years ended December 31, 2012, 2011, and 2010:
December 31,
Foreign Exchange Contracts 2012 2011 2010
Financial Statement
Location
Derivatives in cash flow hedging relationships:
Gain (loss) recognized in Accumulated other
comprehensive loss (effective portion) $2
$(1)$ (9)
Accumulated other
comprehensive loss
Gain (loss) reclassified from Accumulated other
comprehensive loss into Net earnings (effective
portion) (1)2(6) Cost of sales
Gain recognized in Net earnings on
derivative (ineffective portion and amount
excluded from effectiveness testing) —1 1 Other income (expense)
Stockholders’ Equity
Derivative instruments activity, net of tax, included in Accumulated other comprehensive income (loss) within the
consolidated statements of stockholders’ equity for the years ended December 31, 2012, 2011 and 2010 is as follows:
2012 2011 2010
Balance at January 1 $(3)$—$ 2
Increase (decrease) in fair value 5(5)3
Reclassifications to earnings, net of tax (1)2(5)
Balance at December 31 $1
$(3)$ —
6. Income Taxes
Components of earnings from continuing operations before income taxes are as follows:
Years ended December 31 2012 2011 2010
United States $ 851 $ 462 $ 368
Other nations 364 276 296
$ 1,215 $ 738 $ 664