EX-12 3 msiex122019.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)
2019
 
2018
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
Pretax income (1)

$997

 

$1,098

 

$1,079

 

$839

 

$930

 
 
 
 
 
 
 
 
 
 
Fixed charges (as calculated below)
281

 
276

 
246

 
253

 
200

 
 
 
 
 
 
 
 
 
 
Earnings (2) (3)

$1,278

 

$1,374

 

$1,325

 

$1,091

 

$1,130

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense

$237

 

$240

 

$215

 

$225

 

$186

 
 
 
 
 
 
 
 
 
 
Rent expense interest factor
44

 
36

 
31

 
28

 
14

 
 
 
 
 
 
 
 
 
 
Total fixed charges (2)

$281

 

$276

 

$246

 

$253

 

$200

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.5

 
5.0

 
5.4

 
4.3

 
5.7

 
 
 
 
 
 
 
 
 
 
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.