Motorola 2015 Annual Report Download - page 67

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66
Derivative Financial Instruments
The following tables summarize the fair values and location in the consolidated balance sheets of all derivative financial
instruments held by the Company at December 31, 2015 and 2014:
Fair Values of Derivative Instruments
Assets Liabilities
December 31, 2015
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Derivatives not designated as hedging instruments:
Foreign exchange contracts 6 Other assets 2 Accrued liabilities
Interest agreements Other assets 1 Accrued liabilities
Total derivatives $6
$3
Fair Values of Derivative Instruments
Assets Liabilities
December 31, 2014
Fair
Value
Balance
Sheet
Location
Fair
Value
Balance
Sheet
Location
Derivatives not designated as hedging instruments:
Foreign exchange contracts 1 Other assets 5 Accrued liabilities
Interest agreements Other assets 2 Accrued liabilities
Total derivatives not designated as hedging instruments 17
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, 2015, 2014 and
2013:
December 31 Statement of
Operations LocationGain (Loss) on Derivative Instruments 2015 2014 2013
Derivatives not designated as hedging
instruments:
Interest rate contracts $1$ 1 $ 2 Other income (expense)
Foreign exchange contracts 6(5) 6 Other income (expense)
Total derivatives not designated as hedging
instruments $7$(4)$ 8
The Company had no instruments designated as hedging instruments for the year ended December 31, 2015.
6. Income Taxes
Components of earnings (loss) from continuing operations before income taxes are as follows:
Years ended December 31 2015 2014 2013
United States $ 725 $ (1,355) $ 585
Other nations 192 194 295
$ 917 $ (1,161) $ 880