Motorola 2011 Annual Report Download - page 79
Download and view the complete annual report
Please find page 79 of the 2011 Motorola annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
 |
 |
73
Balance Sheet Information
Sigma Fund
Sigma Fund consists of the following:
December 31, 2011 December 31, 2010
Fair Value Current Non-current Current Non-current
Cash $ 264 $— $2,355 $ —
Securities:
U.S. government, agency and government-sponsored enterprise
obligations 2,944 — 2,291 —
Corporate bonds — — — 58
Asset-backed securities — — — 1
Mortgage-backed securities — — — 11
$3,208 $— $4,646 $70
Securities with a significant temporary unrealized loss and a maturity greater than 12 months and defaulted
securities have been classified as non-current in the Company’s consolidated balance sheets. At December 31, 2011,
no Sigma Fund investments were classified as non-current. At December 31, 2010, $70 million of the Sigma Fund
investments were classified as non-current, and the weighted average maturity of the Sigma Fund investments
classified as non-current (excluding defaulted securities) was 164 months. During 2011, the Company received $3
million of principal payments from non-current securities and sold the balance of the remaining securities for $67
million.
Investments
Investments consist of the following:
Recorded Value Less
December 31, 2011
Short-term
Investments Investments
Unrealized
Gains
Unrealized
Losses
Cost
Basis
Available-for-sale securities:
U.S. government, agency and government-
sponsored enterprise obligations — 16 — — 16
Corporate bonds 2 10 — — 12
Mortgage-backed securities — 2 — — 2
Common stock and equivalents — 11 2 (1) 10
2 39 2 (1) 40
Other securities, at cost — 106 — — 106
Equity method investments — 21 — — 21
$ 2 $166 $ 2 $ (1) $167
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 — 12 4 — 8
9434—48
Other securities, at cost — 113 — — 113
Equity method investments — 16 — — 16
$ 9 $172 $ 4 $— $177