Summary
Motorola Solutions, Inc. (MSI) filed this Form 8-K on May 12, 2011, primarily to update its 2010 Annual Report (10-K) with revised financial presentations. This update reflects the company's operational realignment into two distinct segments: Government and Enterprise. It also incorporates the reclassification of Motorola Mobility Holdings, Inc. (MMI) historical financial results as discontinued operations, following MMI's spin-off on January 4, 2011. Furthermore, the filing confirms the completion of the sale of certain assets and liabilities of the Networks business to Nokia Siemens Networks (NSN) on April 29, 2011. The financial results related to the portion of the Networks business sold to NSN were already reclassified to discontinued operations starting in the third quarter of 2010. This 8-K provides updated financial disclosures, including Management's Discussion and Analysis and Financial Statements, to reflect these significant structural and divestiture changes.
Key Highlights
- 1Revision of Motorola Solutions' operating segments into two core areas: Government and Enterprise.
- 2Reclassification of Motorola Mobility Holdings, Inc. (MMI) historical financial results as discontinued operations.
- 3Completion of the sale of certain Networks business assets and liabilities to Nokia Siemens Networks (NSN) on April 29, 2011.
- 4Financial results from the divested portion of the Networks business are now presented as discontinued operations (effective Q3 2010).
- 5The filing includes updated Item 7 (MD&A) and Item 8 (Financial Statements) from the 2010 10-K to reflect these changes.
- 6XBRL formatted financial data for the fiscal year ending December 31, 2010, is also provided.