Below are the financial statements of Motorola Solutions, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales from products | 6,454a | 5,814a | 5,368a |
| Net sales from services | 4,363a | 4,164a | 3,744a |
| Net sales | 10,817a | 9,978a | 9,112a |
| Costs of products sales | -2,674a | -2,591a | -2,595a |
| Costs of services sales | -2,631a | -2,417a | -2,288a |
| Costs of sales | -5,305a | -5,008a | -4,883a |
| Gross margin | 5,512a | 4,970a | 4,229a |
| Selling, general and administrative expenses | -1,752a | -1,561a | -1,450a |
| Research and development expenditures | -917a | -858a | -779a |
| Other charges | -155a | -257a | -339a |
| Operating earnings | 2,688a | 2,294a | 1,661a |
| Other income (expense) | — | — | — |
| Interest expense, net | -227a | -216a | -226a |
| Gains on sales of investments and businesses, net | 0a | 0a | 3a |
| Other, net | -489a | 68a | 77a |
| Total other expense | -716a | -148a | -146a |
| Net earnings before income taxes | 1,972a | 2,146a | 1,515a |
| Income tax expense | -390a | -432a | -148a |
| Net earnings | 1,582a | 1,714a | 1,367a |
| Less: earnings attributable to noncontrolling interests | 5a | 5a | 4a |
| Net earnings attributable to Motorola Solutions, Inc. | 1,577a | 1,709a | 1,363a |
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