EX-12 2 msiex122017.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)
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
Pretax income (1)

$1,079

 

$839

 

$930

 

($1,177
)
 

$869

 
 
 
 
 
 
 
 
 
 
Fixed charges (as calculated below)
246

 
253

 
200

 
172

 
152

 
 
 
 
 
 
 
 
 
 
Earnings (2) (3)

$1,325

 

$1,091

 

$1,130

 

($1,005
)
 

$1,021

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense

$215

 

$225

 

$186

 

$147

 

$132

 
 
 
 
 
 
 
 
 
 
Rent expense interest factor
31

 
28

 
14

 
21

 
17

 
 
 
 
 
 
 
 
 
 
Total fixed charges (2)

$246

 

$253

 

$200

 

$172

 

$152

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.4

 
4.3

 
5.7

 
N/A

(4)
6.7

 
 
 
 
 
 
 
 
 
 
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.