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EX-32.2 - EXHIBIT 32.2 - Motorola Solutions, Inc.msiex3222016.htm
EX-32.1 - EXHIBIT 32.1 - Motorola Solutions, Inc.msiex3212016.htm
EX-31.2 - EXHIBIT 31.2 - Motorola Solutions, Inc.msiex3122016.htm
EX-31.1 - EXHIBIT 31.1 - Motorola Solutions, Inc.msiex3112016.htm
EX-21 - EXHIBIT 21 - Motorola Solutions, Inc.msiex212016.htm
10-K - 10-K - Motorola Solutions, Inc.msi201610-k.htm
 
 
 
 
 
 
 
 
Exhibit 12
 
Motorola Solutions, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31
 
 
 
 
 
 
 
 
 
 
(In Millions)
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
Pretax income (1)

$839

 

$930

 

($1,177
)
 

$869

 

$877

 
 
 
 
 
 
 
 
 
 
Fixed charges (as calculated below)
253

 
200

 
172

 
152

 
122

 
 
 
 
 
 
 
 
 
 
Earnings (2) (3)

$1,091

 

$1,130

 

($1,005
)
 

$1021

 

$999

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense

$225

 

$186

 

$147

 

$132

 

$105

 
 
 
 
 
 
 
 
 
 
Rent expense interest factor
28

 
14

 
21

 
17

 
15

 
 
 
 
 
 
 
 
 
 
Total fixed charges (2)

$253

 

$200

 

$172

 

$152

 

$122

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.3

 
5.7

 
N/A

(4)
6.7

 
8.2

 
 
 
 
 
 
 
 
 
 
Notes
 
 
 
 
 
 
 
 
 
(1) After adjustments required by Item 503 (d) of SEC Regulation S-K.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) As defined in Item 503 (d) of SEC Regulation S-K.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(3) The Company has no capitalized interest.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(4) Earnings were inadequate to cover fixed charges for the year ended December 31, 2014 by approximately $1.2 billion.