Motorola Solutions Inc
For the period ended Mar 30, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 2, 2024
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Sales of Receivables
- Sales of Receivables
Sales of Receivables
The following table summarizes the proceeds received from sales of accounts receivable and long-term receivables for the three months ended March 30, 2024 and April 1, 2023:
| Three Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Accounts receivable sales proceeds | — | — |
| Long-term receivables sales proceeds | 10 | 32 |
| Total proceeds from receivable sales | $10 | $32 |
At March 30, 2024, the Company had retained servicing obligations for $777 million of long-term receivables, compared to $813 million at December 31, 2023. Servicing obligations are limited to collection activities related to the sales of accounts receivables and long-term receivables. The Company had outstanding commitments to provide long-term financing to third parties totaling $67 million at March 30, 2024, compared to $103 million at December 31, 2023.
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