EX-12 3 msiex122015.htm EXHIBIT 12 Exhibit
 
 
 
 
 
 
 
 
Exhibit 12
 
Motorola Solutions, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
 
 
 
 
 
 
 
 
 
(In Millions)
2015
 
2014
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
Pretax income (1)

$930

 

($1,177
)
 

$869

 

$877

 

$468

 
 
 
 
 
 
 
 
 
 
Fixed charges (as calculated below)
200

 
172

 
152

 
122

 
158

 
 
 
 
 
 
 
 
 
 
Earnings (2) (3)

$1,130

 

($1,005
)
 

$1,021

 

$999

 

$626

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense

$174

 

$147

 

$132

 

$105

 

$132

 
 
 
 
 
 
 
 
 
 
Rent expense interest factor
14

 
21

 
17

 
15

 
23

 
 
 
 
 
 
 
 
 
 
Amortization of debt issuance discounts
12

 
4

 
3

 
2

 
2

 
 
 
 
 
 
 
 
 
 
Total fixed charges (2)

$200

 

$172

 

$152

 

$122

 

$157

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.7

 
N/A

(4)
6.7

 
8.2

 
4.0

 
 
 
 
 
 
 
 
 
 
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.