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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Net sales $ 2,628 $ 2,403 $ 5,017 $ 4,574
Costs of sales 1,289 1,214 2,486 2,339
Gross margin 1,339 1,189 2,531 2,235 Close
Selling, general and administrative expenses 430 390 827 757 Close
Research and development expenditures 220 215 437 426 Close
Other charges 45 66 104 135 CloseClose
Total Operating Expenses 695.0 671.0 1368.0 1318.0 0 Close
Operating earnings 644 518 1,163 917 Close
Other income (expense):        
Interest expense, net (69) (57) (113) (111)
Gain on sales of investments and businesses, net 0 0 0 1
Other, net 5 26 (560) 39
Total other expense (64) (31) (673) (71) Close
Net earnings before income taxes 580 487 490 846 Close
Income tax expense 135 114 83 194 Close
Net earnings 445 373 407 652 Close
Less: Earnings attributable to non-controlling interests 2 2 3 3
Net earnings attributable to Motorola Solutions, Inc. $ 443 $ 371 $ 404 $ 649
Earnings per common share:        
Basic (in USD per share) $ 2.65 $ 2.21 $ 2.43 $ 3.88
Diluted (in USD per share) $ 2.60 $ 2.15 $ 2.37 $ 3.76
Weighted average common shares outstanding:        
Basic (in shares) 166.9 167.5 166.5 167.4
Diluted (in shares) 170.3 172.6 170.3 172.5
Products        
Net sales $ 1,563 $ 1,349 $ 2,968 $ 2,573
Costs of sales 653 636 1,252 1,209
Services        
Net sales 1,065 1,054 2,049 2,001
Costs of sales $ 636 $ 578 $ 1,234 $ 1,130