Motorola Solutions Inc
For the period ended Sep 28, 2024. Filed Nov 7, 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.
Sep 28, 2024 · Filed Nov 7, 2024
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Fair Value Measurements
- Fair Value Measurements
The fair values of the Company’s financial assets and liabilities by level in the fair value hierarchy as of September 28, 2024 and December 31, 2023 were as follows:
| September 28, 2024 | Level 1 | Level 2 | Total |
|---|---|---|---|
| Assets: | |||
| Foreign exchange derivative contracts | $— | $9 | $9 |
| Common stock | 25 | — | 25 |
| Liabilities: | |||
| Foreign exchange derivative contracts | $— | $8 | $8 |
| December 31, 2023 | Level 1 | Level 2 | Total |
|---|---|---|---|
| Assets: | |||
| Foreign exchange derivative contracts | $— | $13 | $13 |
| Equity swap contracts | 1 | — | 1 |
| Common stock | 28 | — | 28 |
| Liabilities: | |||
| Foreign exchange derivative contracts | $— | $4 | $4 |
| Treasury rate lock | — | 12 | 12 |
The Company hadno foreign exchange derivative contracts, equity swap contracts or common stock investments in Level 3 holdings as of September 28, 2024 or December 31, 2023.
At September 28, 2024 and December 31, 2023, the Company had $625 million and $863 million, respectively, of investments in money market government and U.S. treasury funds classified (Level 1) as Cash and cash equivalents in its Condensed Consolidated Balance Sheets. The money market funds had quoted market prices that are equivalent to par.
Using quoted market prices and market interest rates, the fair value of the Company's long-term debt as of September 28, 2024 was $6.0 billion. The fair value of long-term debt at December 31, 2023 was $6.4 billion, of which the Silver Lake Convertible Debt was $1.6 billion (Level 2).
All other financial instruments are carried at cost, which is not materially different from the instruments’ fair values.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.