Motorola Solutions (MSI) 10-K risk factor changes: FY2023 vs FY2022

We are subject to complex and changing laws and regulations in various jurisdictions regarding privacy, data [removed: protection and] [added: protection,] information security, [added: and cybersecurity] which exposes us to increased costs and potential liabilities in the event of any actual or perceived failure to comply with such legal [added: and compliance] obligations and could adversely affect our business.

The [removed: EU adopted the General Data Protection Regulation (“GDPR”) which took effect on May 25, 2018, harmonizing data protection laws across the E.U. The] GDPR strengthens individual privacy rights and enhances data protection obligations for processors and controllers of personal data.

[removed: Also,] U.S. federal, state and other foreign governments and agencies have adopted or are considering adopting laws and regulations regarding the collection, storage, use, processing and disclosure of personal data.

[removed: State] [added: Several state] governments within the U.S. [removed: are starting to enact] [added: have recently enacted] their own versions of “GDPR-like” privacy legislation, which [added: has created, and we expect] will [added: continue to,] create additional compliance challenges, risk, and administrative [removed: burden, such as the California Consumer Privacy Act (“CCPA”); the Virginia Consumer Data Protection Act; the Connecticut Data Privacy Act; the Utah Consumer Privacy Act and the Colorado Privacy Act.][added: burden.]

Comprehensive U.S. federal privacy legislation is also being discussed seriously by lawmakers, and the Federal Trade Commission has commenced a privacy [removed: rulemaking.][added: rulemaking that may attempt to implement nationwide rules.]

Because the interpretation and application of [removed: privacy and] [added: privacy,] data [removed: protection] [added: protection, information security and cybersecurity] laws are complex and still [removed: uncertain,] [added: uncertain;] it is possible that these laws may be interpreted and applied in a manner that is inconsistent with our existing practices or the features of our products, software and services.

Cloud-based solutions may be subject to further [removed: regulation, including] [added: regulation with respect to] data localization requirements and restrictions [removed: concerning] [added: on the] international transfer of [removed: data, the operational and cost impact of which cannot be fully known at this time.][added: data.]

Any failure or perceived failure by us, our business partners, or third-party service providers to comply with [removed: privacy and security-related data protection laws, regulations] [added: such laws] and [removed: standards,] [added: regulations,] or the privacy commitments in [removed: contracts] [added: contracts,] could result in proceedings against us by governmental entities or others and significant fines, which could have a material adverse effect on our business and operating results and harm our reputation.

Existing or future legislation and regulations pertaining to AI, AI-enabled products and the use of biometrics (e.g., facial recognition) or other video analytics that apply to us or to our customers may make it more challenging, costly, or in some cases prohibit certain products or services from being offered or modified and subject us to regulatory and litigation risks and potential liabilities, which could adversely affect our business and results of [removed: operations.][added: operations.]

Current or future [removed: privacy-related] legislation and governmental regulations pertaining to AI, AI-enabled products and the use of biometrics or other video analytics may affect how our business is conducted or expose us to unfavorable developments resulting from changes in the regulatory landscape.

[removed: For example,] [added: With respect to biometrics and other analytics,] laws such as the Biometric Information Privacy Act in Illinois have restricted the collection, use and storage of biometric information and provide a private right of action of persons who are aggrieved by violations of the act.

Such [removed: legislation] [added: legislation, regulations,] and [removed: regulations] [added: enforcement actions] have exposed us to, and we expect that they will continue to expose us to, regulatory and litigation risks.

Any such increase in costs or increased risk of liability as a result of changes in these laws and regulations or in their interpretation could [removed: individually] [added: individually,] or in the [removed: aggregate] [added: aggregate,] make our products and services that use AI technologies, biometrics or other video analytics less attractive to our customers, cause us to change or limit our business practices or affect our financial condition and operating results.

We envision a future in which AI operating in our products and services will help our public safety and [removed: private sector] [added: enterprise] customers build safer communities with stronger communication platforms.

[removed: Additionally, AI presents emerging ethical issues and] [added: As] we [added: increasingly build AI, including generative AI, into our offerings, we] may enable or offer solutions that draw controversy due to their [removed: perceived or] actual [added: or perceived] impact on [removed: society.][added: social and ethical issues resulting from the use of new and evolving AI in such offerings.]

[removed: As] [added: Although] we work to responsibly meet our customers’ needs for products and services that use AI, [added: including through AI governance programs and internal technology oversight committees,] we [removed: could] [added: may still] suffer reputational or competitive damage as a result of any inconsistencies in the application of the technology or ethical [removed: concerns] [added: concerns,] both of which may generate negative publicity.

Radio spectrum is required to provide wireless voice, data, and video communications [removed: service.][added: services.]

In response, regulators are reassessing the allocations of spectrum among users, including public safety users, and considering whether to change the allocation of certain [added: spectrum] bands from narrowband to broadband use, or to require sharing of spectrum bands.

Our results could be [removed: positively or] negatively affected by the rules and regulations adopted by regulators.

The [removed: availability] [added: loss] of [removed: additional] [added: available] radio spectrum may [removed: provide new] [added: result in the loss of] business opportunities.

Regulatory changes in current spectrum bands (e.g., the sharing of previously dedicated or other spectrum) may [removed: also provide opportunities or may] require modifications to some of our products so they can continue to be manufactured and marketed.

Certain of our offerings include services that are subject to telecommunications regulations in various jurisdictions, which expose us to increased costs to address compliance obligations and potential liability in the event of any [removed: actual or perceived] failure to comply with such regulations, which could [added: result in fines and penalties, reputational harm and] adversely affect our [removed: business, results of operations and financial condition.][added: business.]

As such, we are subject to certain [removed: existing or potential] Federal Communications Commission [removed: (“FCC”)] [added: FCC] and [added: possible] state regulations relating to telecommunications, including some certification or licensing, service reliability, and regulatory fee requirements.

[removed: If we do not] comply with [removed: FCC and state rules and] [added: these] regulations, we could be subject to enforcement actions, fines, [added: and possibly] loss of certifications or [removed: licenses, and possibly restrictions on our ability] [added: licenses] to operate or offer certain of our [removed: services.][added: services that are regulated telecommunications.]

Any enforcement action, which may be a public process, could [added: also] damage our [removed: reputation,] [added: reputation and] erode customer [removed: trust, subject us to substantial fines and penalties, or cause us to restructure our service offerings, which could adversely affect our business, results of operations and financial condition.][added: trust.]

For example, we are registered to provide WAVE PTX push-to-talk offerings, with and without telecommunications connectivity, in certain countries [removed: in the EU.][added: internationally.]

In some countries, certain services that we offer are not considered to be regulated communications [removed: or telecommunications] services, while in other countries they are subject to regulations, including registration with the local telecommunications governing authority, which increases the level of scrutiny and potential for enforcement by regulators as well as our cost of doing [added: business internationally.]

Failure to comply with these regulations could subject us to [added: enforcement actions, fines and penalties,] additional compliance obligations or liabilities, [added: loss of authority to provide regulated services, and reputational harm,] which could adversely affect our [removed: business, results of operations and financial condition.][added: business.]

As a result, we may become subject to new or strengthened regulations, legislation or other governmental requirements or industry standards, and we anticipate that we will see increased demand to meet voluntary criteria related to reduction [removed: or] [added: of greenhouse gas emissions, the] elimination of certain constituents from products and increasing energy efficiency.

For example, the EU's Corporate Sustainability Reporting Directive, Corporate Sustainability Due Diligence Directive and EU taxonomy initiatives will introduce additional due diligence and disclosure requirements addressing sustainability that [added: will apply or] we expect will [removed: apply] [added: apply, as applicable,] to us in the coming years.

These requirements [added: will,] and other increased regulation of climate change concerns [removed: could] [added: could,] subject us to additional costs and [removed: restrictions] [added: restrictions,] and [added: could] require us to make certain changes to our manufacturing practices and/or product designs, which could negatively impact our business, results of operations, financial condition and competitive position.

There are also demanding and rapidly changing laws around the globe related to issues such as [removed: product safety,] radio interference, radio frequency radiation exposure, medical related functionality, use of products with video functionality, and consumer and social mandates pertaining to use of wireless or electronic equipment.

These laws, and changes to these laws, could have a substantial impact on whether we can offer certain products, solutions and services, on product costs, and on what capabilities and characteristics our products or [removed: services can or must include, which could negatively impact our business, results of operations, financial condition and competitive position.]

[removed: The] [added: Since our 2022 tax year, the] Tax Cuts and Jobs Act of 2017 [removed: requires] [added: has required] that we capitalize and amortize our research and experimental expenditures over five or fifteen years, as [removed: applicable, beginning with our tax year 2022.][added: applicable.]

This change in law had a materially negative impact on our cash tax liability in [removed: 2022,] [added: 2023,] and we expect such change to continue to impact our cash tax liability through 2026, unless the provisions are repealed or deferred by Congress.

Catastrophic [removed: events, including the continuing COVID-19 pandemic, natural disasters and other] events [removed: beyond our control] may interrupt our business, or our customers’ or suppliers’ business, which may adversely affect our business, results of operations, financial position, cash flows and stock price.

Our business operations, and the operations of our customers and suppliers, are subject to interruption by natural disasters (including climate change-related events), flooding, fire, power shortages, the widespread outbreak of infectious diseases and pandemics, [removed: such as the continuing COVID-19 pandemic,] terrorist acts or the outbreak or escalation of armed [removed: hostilities (including the military action against Ukraine launched by Russia and any related political or economic responses),] [added: hostilities,] and other events beyond our control.

[removed: Any of these] [added: These] events [added: such as COVID-19 have had, and in the future] could [removed: impair] [added: continue to have, a negative impact on] our ability to manage our business and/or cause disruption of economic activity, which could have an adverse effect on our business, results of operations, financial position, cash flows and stock price.

As we expand the technologies within our Products and Systems Integration and Software and Services segments, we may [removed: be subject to additional compliance obligations and] face increased [removed: competition and increased] areas of risk that we may not be able to properly assess or mitigate, [added: as well as increased competition and additional compliance obligations, each of] which could harm our market share, results of operations and financial condition or result in additional [added: obligations or] liabilities for our business.

Our research and development initiatives may not be successful in whole or in part, including research and development projects, [removed: which] [added: that] we have prioritized with respect to funding and/or personnel.

These risks may be amplified by the effects of macroeconomic events or developments.

The EU adopted the General Data Protection Regulation (“GDPR”) which took effect on May 25, 2018, harmonizing data protection laws across the EU.

These proposals, as well as other standalone federal bills, could restrict the ability of law enforcement to purchase data from private companies.

Also, several other countries in which we operate, including Australia and Brazil, have established legal requirements for cross-border data transfers.

There is also an increasing trend towards data localization policies.

If countries implement more restrictive regulations for cross-border personal data transfers (or customers do not permit personal data to leave the country of origin), it could affect the manner in which we provide our services or the geographical location or segregation of our relevant systems and operations, which could adversely impact our business.

In addition, various jurisdictions in which we operate have adopted or are expected to promulgate cybersecurity regulations that would apply directly to our products and services.

For example, in the EU, we are subject to, and expect to continue to be subject to, cybersecurity regulations for certain services we provide.

These regulations expose us to increased costs to address compliance obligations and potential liability in the event of any failure to comply with such regulations, which could result in fines and penalties, reputational harm, and adversely affect our business.

For example, President Biden’s recent Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence has potentially broad implications on the development and use of AI across agencies within the United States, and could also result in extensive compliance requirements for companies like ours that sell solutions with AI applications.

As another example, the AI Act in the EU, which received high-level political agreement in December 2023, and is anticipated to be passed into law by mid-2024, is expected to place severe restrictions on the use of AI for real-time “biometric identification” by law enforcement, and implement significant compliance requirements on the development and use of AI for biometric identification of any kind.

If adopted, it is also expected to place compliance requirements on a variety of other AI uses

by law enforcement, as well as on the companies that develop those products, including us.

Other such laws are expected to pass around the globe in the coming months and years.

Additionally, laws such as the California automatic license plate recognition (“ALPR”) statute regulate the use of ALPRs and provide a private right of action to persons who have suffered actual damages from violation of the statute.

The Federal Trade Commission has increasingly pursued enforcement actions against companies for the misuse of biometric information and the use of facial recognition technology without implementing appropriate safeguards.

If we do not

We continue to incur disposal costs and have ongoing remediation obligations, including those resulting from newly discovered environmental issues located at discontinued Company facilities, as well as current and former facilities of companies that we acquire.

services can or must include, which could negatively impact our business, results of operations, financial condition and competitive position.

and to address competing technological and product developments carried out by our competitors.

If a new pandemic or health outbreak were to occur, we could experience varied impacts similar to what we experienced related to the impacts of COVID-19, including impacts to our workforce and supply chain, inflationary pressures and increased costs, schedule or production delays, market volatility and other financial impacts.

Social, ethical, and competitive risks relating to the use of AI in our products and services could adversely affect our results of operations and business reputation.

AI may not always operate as intended and datasets may be insufficient or contain illegal, biased, harmful or offensive information, which could negatively impact our results of operations, business reputation or customers’ acceptance of our AI offerings.

Further, we face significant competition from other companies that are developing their own AI systems.

Other companies may develop AI systems that are similar or superior to our technologies or more cost-effective to develop and deploy.

Additionally, customer demand for AI-based analytics may continue to increase at a fast rate.

Therefore, the research and development cost we may incur to compete with such AI systems and meet increased customer demand for AI-based analytics may increase the cost of our offerings.

If we are unable to mitigate these risks, our results of operations may be adversely affected.

brand less attractive for customers of Motorola Solutions, creating increased risk that Motorola Solutions may need to develop an alternate or additional brand.

In 2023, we reduced our inventory carrying levels as compared to 2022 in response to improved supply conditions of semiconductors, although we expect to continue to actively manage our inventory in the future, including by continuing to carry increased levels of inventory in targeted areas to support increased demand and customer requirements.

We expect that any future supply chain effects could also impact our ability to meet customer demand and negatively impact our results of operations.

In early 2023, the CMA published a final decision which stated it will impose a prospective price control on the Airwave contract.

We disagreed with the CMA’s decision and filed an appeal with the Competition Appeal Tribunal ("CAT").

In addition, on July 31, 2023, the CMA adopted a remedies order which implemented the price control set out in its final decision, which was suspended until the CAT dismissed our appeal on December 22, 2023.

On February 13, 2024, we filed an application with the United Kingdom Court of Appeal requesting that it hear our appeal.

Revenue will be recognized according to the remedies order published by the CMA, unless the United Kingdom Court of Appeal were to reverse the remedies order.

In addition, it is our policy to require our subcontractors and other third-parties with whom we work

experience in the communications industry is intense.

Furthermore, we may not be able to refinance our existing

These risks may be amplified by the effects of macroeconomic events or developments, such as inflationary pressures, supply chain constraints, the Russia-Ukraine conflict and the ongoing COVID-19 pandemic.

Following GDPR enactment, other countries have also implemented similar privacy laws.

In addition, California voters passed by ballot initiative the California Privacy Rights Act in November 2020, which expands the CCPA.

We could suffer reputational or competitive damage from negative publicity related to products and services that utilize AI or other regulated analytics, which could also adversely affect our business and results of operations.

We are increasingly building AI into many of our offerings.

AI may be flawed and datasets may be insufficient or contain biased information.

Conversely, the loss of available radio spectrum may result in the loss of business opportunities.

business internationally.

We continue to incur disposal costs and have ongoing remediation obligations.

Laws pertaining to accessibility features of electronic products, standardization of connectors and power supplies, the use and transportation of lithium-ion batteries and other aspects of our products are also proliferating.

In particular, the continuing COVID-19 pandemic, including the emergence of variants, has had, and could continue to have, an adverse effect on our business, financial position, cash flows and stock price in many ways, including, but not limited to, the following:

- The COVID-19 pandemic and responses to it have significantly impacted the movement of goods and services worldwide, which has resulted in and which we expect to continue to result in disruptions in our supply chain, particularly with respect to difficulties and delays in procuring semiconductor components and disruptions to transportation.

- Our workforce may be unable to work on-site or travel as a result of event cancellations, facility closures, travel and other restrictions and changes in industry practice, or if they, their co-workers or their family members become ill or otherwise require care arrangements.

These workforce disruptions have adversely affected and could continue to adversely affect, our ability to operate, including to develop, manufacture, generate sales of, promote, market and deliver our products, solutions and services, and provide customer support.

- We outsource certain business activities to third-parties.

If one or more of the third-parties to whom we outsource certain business activities experience operational failures or business disruption as a result of the impacts from COVID-19, or claim that they cannot perform, it may have negative effects on our business and financial condition.

Additionally, our expanding portfolio of products may be subject to new regulatory and statutory requirements that could result in additional compliance obligations and liabilities for our business.

The shift to smart public safety and the prevalence of data in our customer use cases results in our competing in a more fragmented marketplace.

We may focus our resources on technologies that do not become widely accepted or are not commercially viable or involve compliance obligations with additional areas of regulatory requirements.

In particular, failure to achieve targeted cost and revenue synergies could negatively impact our business performance.

for certain customers of ours or as a software-based service, we face additional risk as a target of sophisticated attacks aimed at compromising both our company’s and our customers’ sensitive information and intellectual property.

Specifically, regarding vulnerabilities, we patch systems where patches are available to deploy, and have technologies and services that help us to detect exploits of vulnerabilities and proactively block the exploit when it happens.

each of which could have a negative impact on our financial results.

In 2022, our supply chain was impacted by global issues related to the effects of the COVID-19 pandemic, the Russia-Ukraine conflict and the inflationary cost environment, particularly with respect to materials in the semiconductor market, including part shortages, increased freight costs, diminished transportation capacity and labor constraints.

This resulted in disruptions in our supply chain, as well as difficulties and delays in procuring certain semiconductor components.

Cost increases were driven by elevated lead times and increased material costs, in particular the need to purchase semiconductor components from alternative sources, including brokers.

We attempted, and continue to attempt, to mitigate such supply disruptions by focusing on improving our supplier network, engineering alternative designs and actively managing our inventory.

We expect reduced supply of these materials in the semiconductor market and the related mitigation efforts described above to continue, which may impact our ability to meet customer demand and negatively impact our results of operations.

For example, with respect to financial risks of such contracts, in the third quarter of 2022, we realized a fixed asset impairment loss of $147 million related to our ESN service contract with the Home Office of the UK.

In October 2022, the CMA published a provisional decision with its findings regarding competition and proposed remedies.

We disagree with the CMA’s provisional decision and will continue to work with the CMA to demonstrate the value of the Airwave network and protect Airwave’s contractual position; however, the ultimate resolution of the CMA market investigation could result in additional compliance obligations for our Airwave business such as prospective price controls, enhanced information transparency or structural remedies.

risks from our customers without corresponding back-to-back coverage from our subcontractor.

The compensation and incentives we

For example, the strong U.S. dollar reduced the impact of cash generated from our foreign operations during 2022, driven by revenues and costs that are denominated in foreign currencies, and which we expect to continue to impact our operating cash flows and net earnings throughout 2023.

The following is a discussion and analysis of our financial position as of December 31, [removed: 2022] [added: 2023] and [removed: 2021] [added: 2022] and results of operations and cash flows for each of the three years in the period ended December 31, [removed: 2022.][added: 2023.]

While each technology individually strives to make users safer and more productive, we believe we can enable better outcomes for our customers when we unite these technologies [removed: as one connected system.][added: to work together.]

Across all three technologies, we offer cloud-based [added: and hybrid] solutions, cybersecurity services, software and subscription services as well as managed and support services.

In [removed: 2022,] [added: 2023,] the segment’s net sales were [removed: $5.7] [added: $6.2] billion, representing 63% of our consolidated net sales.

We also deliver LTE solutions for public safety, government and commercial users, including [removed: infrastructure and] devices operating in both low-band and mid-band frequencies, including Citizens’ Broadband Radio Service (CBRS) frequencies.

Primary sources of revenue for this technology come from selling devices and building [removed: telecommunications] [added: communications] networks, including infrastructure, installation and integration with our customers’ technology environments.

By [removed: adding broadband data capabilities to] [added: extending] our two-way [removed: radios,] [added: radios with broadband data capabilities,] we strive to provide our customers with greater functionality and multimedia access to the information and data they need in their workflows.

Our view is that complementary data applications such as these enable government, public safety and enterprise [added: customers to work more efficiently and safely, while maintaining their mission-critical voice communications to remain connected and working in collaboration with others.]

The LMR technology within the Products and Systems Integration segment represented 82% of the net sales of the total segment in [removed: 2022.][added: 2023.]

Our Video technology includes video management infrastructure, [removed: AI-video powered] [added: AI-powered] security cameras including fixed and certain mobile video equipment as well as on-premise and cloud-based access control solutions.

We deploy video security and access control solutions to thousands of government and [removed: commercial] [added: enterprise] customers around the [removed: world] [added: world,] including [removed: school campuses,] [added: schools,] transportation systems, healthcare centers, public venues, [added: commercial real estate,] utilities, prisons, factories, casinos, airports, financial institutions, government facilities, state and local law enforcement agencies and retailers.

[removed: Organizations such as these utilize] video security and access control to verify critical events or incidents in real-time and to provide data to investigate an event or incident after it happens.

Additionally, [removed: our view is] [added: we believe] that government, public safety agencies and [removed: businesses] [added: enterprises] are increasingly turning to scalable, cloud-based multi-factor authentication access control to make their facilities more secure.

The Video technology within the Products and Systems Integration segment represented 18% of the net sales of the total segment in [removed: 2022.][added: 2023.]

In [removed: 2022,] [added: 2023,] the segment’s net sales were [removed: $3.4] [added: $3.7] billion, representing 37% of our consolidated net sales.

Managed services range from partial to full operational support of customer-owned or Motorola Solutions-owned [added: communications] networks.

As new system releases become available, we work with our customers to upgrade software, hardware, or both, with respect to site controllers, comparators, routers, LAN switches, servers, dispatch consoles, logging equipment, network management terminals, network security devices such as firewalls and intrusion detection sensors, [removed: and more,] on-site or remotely.

The LMR technology within the Software and Services segment represented [removed: 67%] [added: 64%] of the net sales of the total segment in [removed: 2022.][added: 2023.]

Video software includes video [added: network] management software, decision management and digital evidence management software, certain mobile video equipment, and advanced vehicle location data analysis software, including license plate recognition.

Our software is designed to complement video hardware systems, proving end-to-end video security to [removed: strive to] [added: help] keep people, property and [removed: assets] [added: places] safe.

Our video network management software is embedded with [removed: AI-enabled] [added: AI-powered] analytics to deliver operational insights to our customers by bringing attention to important events within their video footage.

For example, [removed: AI-enabled] [added: AI-powered] analytics can highlight unusual behavior such as a person at a facility out of hours, locate a missing child at a theme park with Appearance Search, flag a vehicle of interest at a school through license plate recognition, [removed: or] send an alert through access control if doors are propped open at a [removed: hospital.][added: hospital, or trigger parallel workflows by activating a school's customized lockdown plan while simultaneously alerting first responders with video footage inside the school.]

Our cloud technologies can offer organizations the ability to access, search and manage their video security and access control system from a centralized dashboard, accessible on [added: remote] devices such as smartphones and laptops.

Additionally, our [removed: Avigilon] fixed video systems can be [removed: cloud-administered by connecting] [added: connected] to [removed: Avigilon Cloud Services (“ACS”),] [added: the cloud,] providing our customers with the ability to securely access video across their sites from a [removed: remote/central] [added: remote or central] monitoring location.

For example, [removed: body-worn] [added: body] cameras and in-car video systems can be paired with either on-premises or cloud-based digital evidence management software and complementary command center products.

Our cloud solutions are also sold [removed: as a service,] [added: as-a-service,] available as single-year to multi-year hosted services, supporting our customers with upgrades and software enhancements to help ensure system performance and technological advancement.

The Video technology within the Software and Services segment represented [removed: 15%] [added: 16%] of the net sales of the total segment in [removed: 2022.][added: 2023.]

Our Command Center portfolio consists of native [removed: cloud] [added: cloud, hybrid] and on-premises software solutions that support the complex process of the public safety workflow from "911 call to case closure." From the moment a person contacts 911, an array of individuals engage to gather information to coordinate a response and manage the post-incident resolution.

[removed: These individuals include dispatchers who route calls to police, fire and emergency medical services, first responders in the field, intelligence] analysts who manage real-time operations, records specialists who preserve the integrity of information and evidence, crime analysts who identify patterns and accelerate investigations, and corrections officers who oversee jail and inmate management.

Additionally, to help ensure that individuals within the public safety workflow can work as efficiently, effectively and safely as possible, we believe it’s important that individuals within enterprise settings [added: and communities] can communicate and collaborate directly with public safety agencies, particularly during emergencies.

We remain focused on strengthening the intersection of public safety and enterprise security, offering solutions that are designed to help individuals, [removed: businesses] [added: enterprises] and public safety agencies work together and share the information [removed: that better informs people] [added: in an effort] to [removed: take appropriate action.][added: help prevent critical incidents from occurring and better inform an emergency response when an incident unfolds.]

Our Command Center software supports [added: all of] these individuals through the three phases of incident [removed: response: incident awareness, incident management] [added: or event: detection, response] and [removed: post-incident] resolution.

[removed: Incident awareness] [added: Detection] software includes community engagement [added: and alert] applications for tip submissions, crime mapping and evidence submission, [added: mass notification,] panic buttons that can share real-time incident details and location, 911 call management software (including [removed: multimedia)] [added: multimedia] and [added: AI-powered language transcription) and] next-generation core services for 911 call routing.

[removed: Incident management] [added: Response] software includes voice and computer aided dispatch (CAD) for dispatch and coordinating first response, [removed: mass notification software,] collaboration software to share operational updates, real-time intelligence software that shows a single, real-time view of video feeds and other alerts on a map, and field response and reporting to help frontline personnel collaborate, manage incident activity and file reports from the field.

[removed: As] [added: Finally, as] the [removed: public safety] [added: Command Center] market continues to [removed: leverage both] [added: evolve from] on-premises [added: to hybrid] and cloud [removed: "software-as-a service" (“SaaS”)] [added: "software-as-a-service" ("SaaS")] technologies to [removed: efficiently run] [added: improve] their operations, reduce response times and increase officer availability, we offer both native cloud-based applications and cloud features that enhance on-premises applications.

Another area of public safety evolution is [added: the] increasing adoption of Next Generation 911 Core Services (“NGCS”), a group of products and services needed to create infrastructure connectivity in order to process a 911 call using Next Generation (“NG”) technology.

Our NGCS can be offered as a managed service and includes call routing, ESInet, location services, geographic information services, cybersecurity and our continuous [added: communications] network and security operations center dedicated to public safety.

[removed: Additionally,] Command Center [added: also] includes interoperability [removed: software] [added: solutions] that [removed: helps] [added: provide connectivity across LMR and broadband networks] to [added: help] ensure [added: that] communication is not limited by coverage area, network technology or device type.

For example, a two-way radio network can connect with an LTE [removed: network making it possible for] [added: network, assisting] individuals [removed: to communicate] [added: in communicating] securely and more easily across technologies.

The Command Center technology within the Software and Services segment represented [removed: 18%] [added: 20%] of the net sales of the total segment in [removed: 2022.][added: 2023.]

Motorola Solutions is solving for safer.

Every day we come to work solving for safer communities, safer schools, safer hospitals, safer businesses, safer everywhere.

We are a global leader in public safety and enterprise security, grounded in nearly 100 years of close customer and community collaboration.

We design and advance technology for more than 100,000 public safety and enterprise customers in over 100 countries.

We are driven by our commitment to help make everywhere safer for all.

The Company has invested across these three technologies organically and through acquisitions to evolve its LMR focus and expand its safety and security products and services.

Our strategy is to generate value through our technologies that help meet the changing needs of our customers around the world in protecting people, property and places.

Our goal is to help remove silos and barriers between people and technologies, so that data unifies, information flows, operations run and collaboration improves to help strengthen safety and security everywhere.

One example of this collaboration is highlighted by a school setting.

When a teacher presses a panic button on a phone, this can automatically notify local law enforcement of an emergency, trigger a lockdown to secure all entries, share live video feeds with first responders and send mass notifications to key stakeholders inside and outside the school, helping schools to detect, respond and resolve safety and security threats.

Organizations such as these utilize

These individuals include dispatchers who route calls to police, fire and emergency medical services, first responders in the field, intelligence

Resolution software includes centralized records for streamlined reporting and record-keeping, evidence management for gathering, managing and sharing multimedia evidence throughout an incident's lifecycle, and investigative tools that uncover connections across records, vehicles and images in an effort to identify crime trends.

Additionally, Command Center includes push-to-talk ("PTT") devices that deliver voice communications over LTE and Wi-Fi, and advanced back-end systems that enable and manage interoperable communications, capable of scaling from small enterprises to nationwide cellular networks.

These solutions can provide our public safety customers with the critical interoperability between multiple agencies' networks, facilitating a coordinated response.

We believe this flexibility helps our customers to optimize their investments and enhance their systems with the technologies of their choice.

Operating margins increased in 2023 to

In 2023, we experienced improved conditions with respect to availability of materials in the semiconductor market.

We reduced our inventory carrying levels as compared to 2022 in response to the improved supply conditions.

In addition, we continue to actively manage our inventory by diversifying the footprint of our supply chain operations, including by finalizing a strategic agreement relating to our video manufacturing operations during the first quarter of 2024, and maintaining increased levels of inventory in targeted areas to support increased demand and customer requirements.

In early 2023 the CMA issued its final decision which stated it will impose a prospective price control on Airwave.

We strongly disagreed with the CMA's final decision and we filed an appeal with the Competition Appeal Tribunal ("CAT").

On July 31, 2023, the CMA adopted a remedies order which implemented the price control set out in its final decision, which was suspended until the CAT dismissed our appeal on December 22, 2023.

On February 13, 2024, we filed an application with the United Kingdom Court of Appeal requesting that it hear our appeal.

Based on the adoption of the remedies order, since August 1, 2023, revenue under the Airwave contract has been recognized in accordance with the prospective price control.

As our appeal to the CAT has been dismissed, revenue will continue to be recognized according to the remedies order published by the CMA, unless the United Kingdom Court of Appeal were to reverse the remedies order.

Our backlog for Airwave services contracted with the Home Office through 2026, inclusive of the five month period beginning August 1, 2023, was reduced by $777 million to align with the remedies order in the fourth quarter of 2023.

| Video Security and Access Control | | | Products and Systems Integration | | | IPVideo Corporation | | | Creator of a multifunctional safety and security device. | | | $170 million and share-based compensation of $5 million | | | December 15, 2023 | | |

As public safety needs continue to evolve, we anticipate growth opportunities within the command center as our Command Center portfolio supports the complex process of the public safety workflow from "911 call to case closure." We expect increased growth across our portfolio that consists of native cloud, hybrid and on-premises software solutions that provide a migration path for our customers from on-premises solutions to cloud capabilities, as well as from the increasing adoption of NGCS.

Additionally, we believe that government, public safety agencies and enterprises are increasingly turning to scalable, cloud-based multi-factor authentication access control to make their facilities more secure with the ability to securely access, search and manage these systems across their sites from a remote or central monitoring location.

We expect the continuing impact of revenue reduction on Airwave services in 2024 due to the implementation of the CMA's remedies order.

Revenue will continue to be recognized according to the remedies order published by the CMA, unless the United Kingdom Court of Appeal were to reverse the remedies order.

| *(In millions)* | | | 2023 | | | | | | 2022 | | | | | | *% Change* | | |

| Net sales | | | $ | 9,978 | | | | | $ | 9,112 | | | | | 10 | | % |

| *(In millions)* | | | 2023 | | | | | | 2022 | | | | | | *% Change* | | |

| Gross margin | | | $ | 4,970 | | | | | $ | 4,229 | | | | | 18 | | % |

- higher gross margin as a percentage of net sales in the Software and Services segment, inclusive of acquisitions, primarily driven by higher sales and a $147 million fixed asset impairment loss in 2022 that did not recur in 2023, related to assets constructed and used in the deployment of the ESN services contract with the Home Office which we have executed an agreement to exit, partially offset by the revenue reduction on Airwave services in 2023 due to the implementation of the CMA's remedies order.

| *(In millions)* | | | 2023 | | | | | | 2022 | | | | | | *% Change* | | |

SG&A expenses were 15.6% of net sales in 2023 compared to 15.9% of net sales in 2022.

| *(In millions)* | | | 2023 | | | | | | 2022 | | | | | | % Change | | |

Motorola Solutions is a global leader in public safety and enterprise security.

Our technologies in Land Mobile Radio Communications ("LMR" or "LMR Communications"), Video Security and Access Control ("Video") and Command Center, bolstered by managed and support services, help make communities safer and businesses stay productive and secure.

We serve more than 100,000 public safety and commercial customers in over 100 countries, providing “purpose-built” solutions designed for their unique needs, and we have a rich heritage of innovation focusing on advancing global safety for more than 90 years.

In January 2023, we began using Command Center as a naming convention, eliminating the "Software" descriptor from Command Center Software in order to inform investors that the Company has software components more broadly across all technologies; this name change does not require any financial information to be reclassified from previous periods.

The Company has invested across these three technologies, evolving the Company’s LMR focus to purposefully integrate software, video security and access control solutions for public safety and enterprise customers globally.

Our strategy is to generate value through the integration of critical communications, video security, access control and data and analytics.

Our goal is to help remove silos between systems, unify data, streamline workflows, and simplify operations for our customers.

The schools we serve provide an example of our integrated technology ecosystem in action, which can be tailored to a school's unique needs and can span the end-to-end workflow for daily school operations as well as for emergencies.

Video security and analytics such as license plate recognition can alert security and identify potentially suspicious activities, influencing building access.

AI-powered video analytics can search video footage and help locate individuals based on physical descriptions.

Software can help share real-time alerts and live video feeds with school officials and public safety agencies for incident response.

Voice and data communications can notify school employees of security breaches, while mass notification and incident management platforms can help to coordinate an emergency response across school safety personnel, local law enforcement and administrators.

Together, these technologies can help schools to detect, analyze, communicate and manage safety and security threats.

customers to work more efficiently and safely, while maintaining their mission-critical voice communications to remain connected and working in collaboration with others.

Since 2018, we have developed our video security and access control business through investments in research and development and acquisitions, directly contributing to our growth strategy to serve as a leader in end-to-end video security solutions and supporting the expansion of our portfolio.

Designed to complement our customers’ mission-critical LMR systems, our mission-critical cloud-based LMR technology is also available “as-a-service” with a multi-year subscription.

We believe this technology increases resiliency and system reliability to help ensure users remain connected, even, for example, in natural disasters where physical communications infrastructure can be damaged.

Post-incident resolution software includes centralized records and evidence management for record-keeping and judicial sharing, analytics including license plate recognition, and jail and inmate management to streamline the process and enable secure inter-agency information sharing.

We believe our products and services enhance first responders’ situational awareness and safety by integrating critical communications, video security, data and analytics to provide an all-in-one operational view of the incident.

Our solutions, including Kodiak, WAVE PTX and CriticalConnect, enable interoperability among devices across multiple networks.

Russia-Ukraine Conflict

During the first quarter of 2022, in response to Russia's invasion of Ukraine, we suspended all sales, provision of services and shipments of our products to Russia and Belarus, which did not constitute a material portion of our business.

For the year ended December 31, 2021, our net sales in Russia and Belarus were less than $25 million.

However, throughout 2022, we indirectly experienced impacts from the Russia-Ukraine conflict (as further described below).

While we do not anticipate that the current posture of the Russia-Ukraine conflict will materially and adversely affect our results of operations, the conflict is still ongoing and has had, and may continue to have, a significant impact on the global macroeconomic and geopolitical environments, including increased volatility in capital and commodity markets, rapid changes to regulatory conditions (including the use of sanctions), supply chain and operational challenges for multinational corporations, inflationary pressures and an increased risk of cybersecurity incidents.

COVID-19, Supply Chain Disruptions & Inflationary Cost Environment

Throughout 2022, our supply chain was, and continues to be, impacted by global issues related to the effects of the COVID-19 pandemic, the Russia-Ukraine conflict and the inflationary cost environment particularly with respect to materials in the semiconductor market, including part shortages, increased freight costs, diminished transportation capacity and labor constraints.

This has resulted in disruptions in our supply chain, as well as difficulties and delays in procuring certain semiconductor components.

Cost increases were driven by elevated lead times and increased material costs, in particular the need to purchase semiconductor components from alternative sources, including brokers.

While we continued to navigate supply chain constraints in 2022, we anticipate the broader impact of inflationary pressures and increased material and supply chain costs and disruptions (including elevated costs to procure materials within the semiconductor market) to continue into 2023.

However, we expect global transportation costs to improve in 2023 as compared to 2022.

We also continue to actively manage our inventory in an effort to minimize supply chain disruptions and enable continuity of supply and services to our customers, and we expect to maintain elevated levels of inventory until supply constraints have been remediated.

In order to combat rising inflation in the U.S., the Federal Reserve has raised interest rates multiple times since the beginning of 2022.

The increase in U.S. dollar interest rates and overall market conditions led to significant strengthening of the U.S. dollar against many other global currencies in 2022.

The strong U.S. dollar negatively impacted cash generated from our foreign operations in 2022, driven by revenues and costs that are denominated in foreign currencies.

We expect fluctuations in the value of U.S. dollar relative to other currencies to continue to impact our operating cash flows and net earnings throughout 2023.

Although the macroeconomic environment continued to introduce challenges during 2022, we are encouraged by customer demand for our products and services.

Specifically, in our Software and Services segment, with the largely recurring nature of the business and our strong backlog position, we expect that the impact to operating margin will be limited during 2023.

While we were encouraged by strong backlog and growth in our Products and Systems Integration segment throughout 2022, which we expect to continue to grow during 2023, supply constraints continue to impact our business and we expect demand for our products will continue to outpace our ability to obtain semiconductor component supply throughout 2023.

Where appropriate, we have taken pricing actions around our product and service offerings to mitigate our exposure to inflationary pressures on our businesses and benefited from these adjustments during 2022.

As of December 31, [removed: 2022,] [added: 2023,] we had $6.0 billion of long-term debt, including the current portion, which is primarily priced at long-term, fixed interest rates.

A hypothetical 10% decrease in interest rates as of the end of [removed: 2022] [added: 2023] would have increased the fair value of our debt by approximately [removed: $118] [added: $147] million at December 31, [removed: 2022.][added: 2023.]

We had outstanding foreign exchange contracts totaling [added: $1.3 billion and] $1.1 billion at the end of [removed: each of] December 31, [removed: 2022] [added: 2023] and [removed: 2021.][added: December 31, 2022, respectively.]

The following table shows the five largest net notional amounts of the positions to buy or sell foreign currency as of December 31, [removed: 2022] [added: 2023] and the corresponding positions as of December 31, [removed: 2021:][added: 2022:]

| *Net Buy (Sell) by Currency* | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | |

| British pound | | | [removed: $] [added: 252] | [removed: 290] | | | | | [removed: $] [added: 290] | [removed: 128] | |

| Euro | | | [removed: 185] [added: $] | [added: 322] | | | | | [removed: 164] [added: $] | [added: 185] | |

| Australian dollar | | | [removed: (130)] [added: (140)] | | | | | | [removed: (76)] [added: (130)] | | |

| Chinese renminbi | | | [removed: (61)] [added: (66)] | | | | | | [removed: (89)] [added: (61)] | | |

Assuming the amounts of the outstanding foreign exchange contracts represent our underlying foreign exchange risk related to monetary assets and liabilities, a hypothetical unfavorable 10% movement in the foreign exchange rates at December 31, [removed: 2022] [added: 2023] would reduce the value of those monetary assets and liabilities by approximately [removed: $76] [added: $92] million.

[removed: We believe, however,] that any such loss incurred would be offset by the effects of market rate movements on the respective underlying derivative financial instruments transactions.

In order to manage interest rate exposure, during the year ended December 31, 2023, we entered into Treasury rate lock agreements to protect against unfavorable interest rate changes related to forecasted debt transactions.

These derivatives are designated as cash flow hedges with unrealized gains and losses deferred in other comprehensive income.

The derivatives will be settled upon the issuance of the related debt and gains and losses generated from the derivatives will be recognized within interest expense over the same period that the hedged interest payments affect earnings.

We entered into Treasury rate lock agreements in a cash flow hedging relationship with a notional amount of $200 million as of December 31, 2023 and did not enter into any such agreements as of December 31, 2022.

| Canadian dollar | | | 76 | | | | | | — | | |

We believe, however,

| Brazilian real | | | (44) | | | | | | (23) | | |

[removed: Our] [added: We are building an ecosystem of safety and security] technologies [removed: in] [added: that helps protect people, property and places, which include] Land Mobile Radio Communications ("LMR" or "LMR Communications"), Video Security and Access Control ("Video") [removed: and Command Center,]

We manage our business organizationally through two segments: “Products and Systems Integration” and “Software and Services.” Within these segments, we have principal product lines that also follow our three major technologies: [removed: LMR Communications, Video and Command Center.]

- LMR Communications: Infrastructure, devices (two-way radio and broadband, including both for public safety and professional and commercial radio ("PCR")) and software that enable communications, inclusive of installation and integration, backed by services, to assure availability, security and [removed: resiliency.][added: resiliency;]

- Video: Cameras (fixed, body-worn, in-vehicle), access control, infrastructure, video management, software and artificial intelligence [removed: ("AI")-enabled] [added: ("AI")-powered] analytics that [added: help] enable visibility [removed: “on scene”] and bring attention to what’s [removed: important.][added: important; and]

While each technology individually strives to make users safer and more productive, we believe we can enable better outcomes for our customers when we unite these technologies [removed: as one connected system.][added: to work together.]

Across all three technologies, we offer cloud-based [added: and hybrid] solutions, cybersecurity services, software and [removed: subscription] [added: subscriptions] services as well as managed and support services.

In [removed: 2022,] [added: 2023,] the segment’s net sales were [removed: $5.7] [added: $6.2] billion, representing 63% of our consolidated net sales.

We also deliver LTE solutions for public safety, government and commercial users, including [removed: infrastructure and] devices operating in both low-band and mid-band frequencies, including Citizens’ Broadband Radio Service (CBRS) frequencies.

Primary sources of revenue for this technology come from selling devices and building [removed: telecommunications] [added: communications] networks, including infrastructure, installation and integration with our customers’ technology environments.

By [removed: adding broadband data capabilities to] [added: extending] our two-way [removed: radios,] [added: radios with broadband data capabilities,] we strive to provide our customers with greater functionality and multimedia access to the information and data they need in their workflows.

Our view is that complementary data applications such as these enable government, public safety and enterprise [added: customers to work more efficiently and safely, while maintaining their mission-critical voice communications to remain connected and working in collaboration with others.]

The LMR technology within the Products and Systems Integration segment represented 82% of the net sales of the total segment in [removed: 2022.][added: 2023.]

Our Video technology includes video management infrastructure, [removed: AI video powered] [added: AI-powered] security cameras including fixed and certain mobile video equipment as well as on-premise and cloud-based access control solutions.

[removed: We deploy video security and access control solutions to thousands of government and commercial customers around the world including school campuses, transportation] systems, healthcare centers, public venues, [added: commercial real estate,] utilities, prisons, factories, casinos, airports, financial institutions, government facilities, state and local law enforcement agencies and retailers.

Additionally, [removed: our view is] [added: we believe] that government, public safety agencies and [removed: businesses] [added: enterprises] are increasingly turning to scalable, cloud-based multi-factor authentication access control to make their facilities more secure.

The Video technology within the Products and Systems Integration segment represented 18% of the net sales of the total segment in [removed: 2022.][added: 2023.]

In [removed: 2022,] [added: 2023,] the segment’s net sales were [removed: $3.4] [added: $3.7] billion, representing 37% of our consolidated net sales.

Managed services range from partial to full operational support of customer-owned or Motorola Solutions-owned [added: communications] networks.

As new system releases become available, we work with our customers to upgrade software, hardware, or both, with respect to site controllers, comparators, routers, LAN switches, servers, dispatch consoles, logging equipment, network management terminals, network security devices such as firewalls and intrusion detection sensors, [removed: and more,] on-site or remotely.

The LMR technology within the Software and Services segment represented [removed: 67%] [added: 64%] of the net sales of the total segment in [removed: 2022.][added: 2023.]

Video software includes video [added: network] management software, decision management and digital evidence management software, certain mobile video equipment, and advanced vehicle location data analysis software, including license plate recognition.

Our software is designed to complement video hardware systems, providing end-to-end video security to [removed: strive to] [added: help] keep people, property and [removed: assets] [added: places] safe.

Our video network management software is embedded with [removed: AI-enabled] [added: AI-powered] analytics to deliver operational insights to our customers by bringing attention to important events within their video footage.

For example, [removed: AI-enabled] [added: AI-powered] analytics can highlight unusual behavior such as a person at a facility out of hours, locate a missing child at a theme park with Appearance Search, flag a vehicle of interest at a school through license plate recognition, [removed: or] send an alert through access control if doors are propped open at a [removed: hospital.][added: hospital, or trigger parallel workflows by activating a school's customized lockdown plan while simultaneously alerting first responders with video footage inside the school.]

Our cloud technologies can offer organizations the ability to access, search and manage their video security and access control system from a centralized dashboard, accessible on [added: remote] devices such as smartphones and laptops.

Additionally, our [removed: Avigilon] fixed video systems can be [removed: cloud-administered by connecting] [added: connected] to [removed: Avigilon Cloud Services (ACS),] [added: the cloud,] providing our customers with the ability to securely access video across their sites from a remote or central monitoring location.

For example, [removed: body-worn] [added: body] cameras and in-car video systems can be paired with either on-premises or cloud-based digital evidence management software and complementary command center products.

The Video technology within the Software and Services segment represented [removed: 15%] [added: 16%] of the net sales of the total segment in [removed: 2022.][added: 2023.]

Our Command Center portfolio consists of native [removed: cloud] [added: cloud, hybrid] and on-premises software solutions that support the complex process of the public safety workflow from "911 call to case closure." From the moment a person contacts 911, an array of individuals engage to gather information to coordinate a response and manage the post-incident resolution.

[removed: These individuals] include dispatchers who route calls to police, fire and emergency medical services, first responders in the field, intelligence analysts who manage real-time operations, records specialists who preserve the integrity of information and evidence, crime analysts who identify patterns and accelerate investigations, and corrections officers who oversee jail and inmate management.

Additionally, to help ensure that individuals within the public safety workflow can work as efficiently, effectively and safely as possible, we believe it’s important that individuals within enterprise settings [added: and communities] can communicate and collaborate directly with public safety agencies, particularly during emergencies.

We remain focused on strengthening the intersection of public safety and enterprise security, offering solutions that are designed to help individuals, [removed: businesses] [added: enterprises] and public safety agencies work together and share the information [removed: that better informs people] [added: in an effort] to [removed: take appropriate action.][added: help prevent critical incidents from occurring and better inform an emergency response when an incident unfolds.]

Our Command Center software supports [added: all of] these individuals through the three phases of incident [removed: response: incident awareness, incident management] [added: or event: detection, response] and [removed: post-incident] resolution.

[removed: Incident awareness] [added: Detection] software includes community engagement [added: and alert] applications for tip submissions, crime mapping and evidence submission, [added: mass notification,] panic buttons that can share real-time incident details and location, 911 call management software (including [removed: multimedia)] [added: multimedia] and [added: AI-powered language transcription) and] next-generation core services for 911 call routing.

[removed: Incident management] [added: Response] software includes voice and [removed: computer aided] [added: computer-aided] dispatch (CAD) for dispatch and coordinating first response, [removed: mass notification software,] collaboration software to share operational updates, real-time intelligence software that shows a single, real-time view of video feeds and other alerts on a map, and field response and reporting to help frontline personnel collaborate, manage incident activity and file reports from the field.

[removed: As] [added: Finally, as] the [removed: public safety] [added: Command Center] market continues to [removed: leverage both] [added: evolve from] on-premises [added: to hybrid] and cloud "software-as-a-service" [removed: (SaaS)] [added: ("SaaS")] technologies to [removed: efficiently run] [added: improve] their operations, reduce response times and increase officer availability, we offer both native cloud-based applications and cloud features that enhance on-premises applications.

Another area of public safety evolution is [added: the] increasing adoption of Next Generation 911 Core Services (“NGCS”), a group of products and services needed to create infrastructure connectivity in order to process a 911 call using Next Generation (“NG”) technology.

Our NGCS can be offered as a managed service and includes call routing, ESInet, location services, geographic information services, cybersecurity and our continuous [added: communications] network and security operations center dedicated to public safety.

[removed: Additionally,] Command Center [added: also] includes interoperability [removed: software] [added: solutions] that [removed: helps] [added: provide connectivity across LMR and broadband networks] to [added: help] ensure [added: that] communication is not limited by coverage area, network technology or device type.

For example, a two-way radio network can connect with an LTE [removed: network making it possible for] [added: network, assisting] individuals [removed: to communicate] [added: in communicating] securely and more easily across technologies.

Motorola Solutions is solving for safer.

Every day we come to work solving for safer communities, safer schools, safer hospitals, safer businesses, safer everywhere.

We are a global leader in public safety and enterprise security, grounded in nearly 100 years of close customer and community collaboration.

We design and advance technology for more than 100,000 public safety and enterprise customers in over 100 countries.

We are driven by our commitment to help make everywhere safer for all.

and Command Center.

We are connecting public safety agencies and enterprises to enable the collaboration that is critical for a proactive approach to safety and security.

In addition to our support of police, fire and other emergency responders, we have a growing base of enterprise customers, such as schools, hospitals and stadiums.

We support the intersection of public, private and people, connecting those in need with those who can help.

- Command Center: Command center solutions and software applications that unify voice, video, data and analytics from public safety agencies, enterprises and the community to create a broad informational view to help simplify workflows and improve the accuracy and speed of decisions.

The Company has invested across these three technologies organically and through acquisitions to evolve its LMR focus and expand its safety and security products and services.

Our strategy is to generate value through our technologies that help meet the changing needs of our customers around the world in protecting people, property and places.

Our goal is to help remove silos and barriers between people and technologies, so that data unifies, information flows, operations run and collaboration improves to help strengthen safety and security everywhere.

One example of this collaboration is highlighted by a school setting.

When a teacher presses a panic button on a phone, this can automatically notify local law enforcement of an emergency, trigger a lockdown to secure all entries, share live video feeds with first responders and send mass notifications to key stakeholders inside and outside the school, helping schools to detect, respond and resolve safety and security threats.

We deploy video security and access control solutions to thousands of government and enterprise customers around the world, including schools, transportation

These individuals

Resolution software includes centralized records for streamlined reporting and record keeping, evidence management for gathering, managing and sharing multimedia evidence throughout an incident's lifecycle, and investigative tools that uncover connections across records, vehicles and images in an effort to identify crime trends.

Additionally, Command Center includes push-to-talk ("PTT") devices that deliver voice communications over LTE and Wi-Fi, and advanced back-end systems that enable and manage interoperable communications, capable of scaling from small enterprises to nationwide cellular networks.

These solutions can provide our public safety customers with the critical interoperability between multiple agencies' networks, facilitating a coordinated response.

We believe this flexibility helps our customers to optimize their investments and enhance their systems with the technologies of their choice.

For further discussion of our contracts with the Home Office, see "Part II.

Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations" of this Form 10-K.

America.

| | | | $ | 14,259 | | | | | $ | 14,347 | |

In the fourth quarter of 2023, our backlog in the Software and Services segment was reduced by $777 million related to the Airwave contract with the Home Office, as per the pricing control directed under the remedies order published by the United Kingdom's Competition and Markets Authority (the "CMA") for services contracted through 2026, inclusive of the five month period beginning August 1, 2023.

Refer to "Part 1.

Risk Factors" of this Form 10-K for a discussion of the risks and uncertainties associated with the CMA's remedies order.

| Video Security and Access Control | | | Products and Systems Integration | | | IPVideo Corporation | | | Creator of a multifunctional safety and security device. | | | $170 million and share-based compensation of $5 million | | | December 15, 2023 | | |

In 2023, we reduced our inventory carrying levels as compared to 2022, in response to improved supply conditions of semiconductors.

We expect to continue to actively manage our inventory levels in the future, including by continuing to carry increased levels of inventory in targeted areas to support increased demand and customer requirements.

Due to the improvements in semiconductor supply in 2023, we reduced our need for alternative sources and brokers as compared to 2022, and we expect continued reductions in 2024.

In 2023, we finalized a strategic agreement to sell our video manufacturing operations to a contract manufacturer, including the transfer of employees.

Artificial Intelligence and Biometrics Regulations

Such regulation could impact a number of our products, including video security products that include AI technology.

Item 1A.

any time.

We value diversity, equity and inclusion (“DEI”), and continue to incorporate DEI practices into our recruiting.

In 2023, we launched GO ALL INclusive, an initiative aimed at celebrating and promoting our "inclusive" corporate value by highlighting ways in which all employees can reflect, recognize and reward inclusive behaviors.

Motorola Solutions is a global leader in public safety and enterprise security.

bolstered by managed and support services, help make communities safer and businesses stay productive and secure.

We serve more than 100,000 public safety and commercial customers in over 100 countries, providing “purpose-built” solutions designed for their unique needs, and we have a rich heritage of innovation focusing on advancing global safety for more than 90 years.

In January 2023, we began using Command Center as a naming convention, eliminating the "Software" descriptor from Command Center Software in order to inform investors that the Company has software components more broadly across all technologies; this name change does not require any financial information to be reclassified from previous periods.

- Command Center: Software suite that enables collaboration and shares information throughout the public safety workflow from "911 call to case closure."

The Company has invested across these three technologies, evolving the Company’s LMR focus to purposefully integrate software, video security and access control solutions for public safety and enterprise customers globally.

Our strategy is to generate value through the integration of critical communications, video security, access control and data and analytics.

Our goal is to help remove silos between systems, unify data, streamline workflows and simplify operations for our customers.

The schools we serve provide an example of our integrated technology ecosystem in action, which can be tailored to a school's unique needs and can span the end-to-end workflow for daily school operations as well as for emergencies.

Video security and analytics such as license plate recognition can alert security and help identify potentially suspicious activities, influencing building access.

AI-powered video analytics can search video footage and help locate individuals based on physical descriptions.

Software can help share real-time alerts and live video feeds with school officials and public safety agencies for incident response.

Voice and data communications can notify school employees of security breaches, while mass notification and incident management platforms can help to coordinate an emergency response across school safety personnel, local law enforcement and administrators.

Together, these technologies can help schools to detect, analyze, communicate and manage safety and security threats.

customers to work more efficiently and safely, while maintaining their mission-critical voice communications to remain connected and working in collaboration with others.

Since 2018, we have developed our video security and access control business through investments in research and development and acquisitions, directly contributing to our growth strategy to serve as a leader in end-to-end video security solutions and supporting the expansion of our portfolio.

Post-incident resolution software includes centralized records and evidence management for record-keeping and judicial sharing, analytics including license plate recognition, and jail and inmate management to streamline the process and enable secure inter-agency information sharing.

We believe our products and services enhance first responders’ situational awareness and safety by integrating critical communications, video security, data and analytics to provide an all-in-one operational view of the incident.

Our solutions, including Kodiak, WAVE PTX and CriticalConnect, enable interoperability among devices across multiple networks.

| | | | $ | 14,347 | | | | | $ | 13,559 | |

| | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Command Center | | | Software and Services | | | Callyo | | | Provider of cloud-based mobile applications for law enforcement in North America, including critical mobile technological capabilities that enable information to flow seamlessly from the field to the command center. | | | $63 million, inclusive of share-based compensation of $3 million | | | August 28, 2020 | | |

| Video Security and Access Control | | | Products and Systems Integration Software and Services | | | Pelco, Inc. | | | Global provider of video security solutions, adding a broad range of products for a variety of commercial and industrial environments and use cases. | | | $110 million | | | July 31, 2020 | | |

| Video Security and Access Control | | | Products and Systems Integration Software and Services | | | IndigoVision Group plc | | | Provider of video security solutions to enhance geographical reach across a wider customer base. | | | $37 million | | | June 16, 2020 | | |

| LMR Communications | | | Software and Services | | | Unnamed cybersecurity services business | | | Provider of vulnerability assessments, cybersecurity consulting, and managed services, including security monitoring of network operations. | | | $32 million | | | April 30, 2020 | | |

| LMR Communications | | | Software and Services | | | Unnamed cybersecurity services business | | | Provider of vulnerability assessments, cybersecurity consulting, managed services, and remediation and response capabilities. | | | $40 million, inclusive of share-based compensation of $6 million | | | March 3, 2020 | | |

In 2022, we increased our carrying levels of inventory in response to increased demand for our products and to actively manage supply chain disruptions, including those related to the COVID-19 pandemic and semiconductor shortages.

While we continued to navigate supply chain constraints in 2022, we anticipate the broader impact of inflationary pressures driven by material and supply chain costs and disruptions (including elevated costs to procure materials within the semiconductor market) to continue into 2023.

Freight costs were also impacted by disruptions in transportation related to the COVID-19 pandemic in 2022; however, we expect global transportation costs to decrease in 2023 compared to 2022.

Data Privacy Regulations

We strive to embed diversity, equity and inclusion (“DEI”) across the Company.

We also continue to provide programs within our internal DEI strategic plan.

In 2022, our program included development initiatives for high-potential women leaders, events about culture and diversity, a talent recruiting event with students from Historically Black Colleges and Universities, an expanded revision of our marketing, sales and communications materials in an effort to eliminate non-inclusive language and terminology from such materials, and continued DEI education for our global workforce.

Throughout the COVID-19 pandemic, we have remained focused on protecting the health and safety of our employees

www.sec.gov*.* Also available free of charge on our website as provided above are the following corporate governance documents:

- Conformed Restated Certificate of Incorporation of Motorola Solutions, Inc. (amended Jan.

4, 2011)

- Certificate of Amendment to the Restated Certificate of Incorporation of Motorola, Inc. (effective Jan.

- Certificate of Ownership and Merger of Motorola Name Change Corporation into Motorola, Inc. (effective Jan.

For the fiscal year ended December 31, [removed: 2022][added: 2023]

The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant as of [removed: July 1, 2022] [added: June 30, 2023] (the last business day of the registrant’s most recently completed second quarter) was approximately [removed: $31.0] [added: $43.0] billion.

The number of shares of the registrant’s Common Stock, $.01 par value per share, outstanding as of February [removed: 6, 2023] [added: 5, 2024] was [removed: 167,250,071.][added: 166,132,981.]

Portions of the registrant’s definitive Proxy Statement to be delivered to stockholders in connection with its [added: 2024] Annual Meeting of Shareholders [removed: to be held on May 16, 2023] (the "Proxy Statement"), [added: to be filed within 120 days of the end of the fiscal year ended December 31, 2023,] are incorporated by reference into Part III of this Annual Report on Form 10-K (this "Form 10-K").

| [removed: Item] [added: [Item] 1. [removed: Business] [added: Business](#ia329186448a342b7a6a1ee1afcc83411_16)] | | | [removed: [3](#i36412fa5274e45a7980476aade118645_16)] [added: [3](#ia329186448a342b7a6a1ee1afcc83411_16)] | | |

| [Business [removed: Organization](#i36412fa5274e45a7980476aade118645_22)] [added: Organization](#ia329186448a342b7a6a1ee1afcc83411_22)] | | | [removed: [4](#i36412fa5274e45a7980476aade118645_22)] [added: [4](#ia329186448a342b7a6a1ee1afcc83411_22)] | | |

| [Customers and [removed: Contracts](#i36412fa5274e45a7980476aade118645_25)] [added: Contracts](#ia329186448a342b7a6a1ee1afcc83411_25)] | | | [removed: [6](#i36412fa5274e45a7980476aade118645_25)] [added: [6](#ia329186448a342b7a6a1ee1afcc83411_25)] | | |

| [removed: Other Information] [added: [Other Information](#ia329186448a342b7a6a1ee1afcc83411_34)] | | | [removed: [7](#i36412fa5274e45a7980476aade118645_34)] [added: [7](#ia329186448a342b7a6a1ee1afcc83411_34)] | | |

| [removed: Research] [added: [Research] and [removed: Development] [added: Development](#ia329186448a342b7a6a1ee1afcc83411_46)] | | | [removed: [9](#i36412fa5274e45a7980476aade118645_46)] [added: [9](#ia329186448a342b7a6a1ee1afcc83411_46)] | | |

| [removed: Intellectual] [added: [Intellectual] Property [removed: Matters] [added: Matters](#ia329186448a342b7a6a1ee1afcc83411_49)] | | | [removed: [9](#i36412fa5274e45a7980476aade118645_49)] [added: [9](#ia329186448a342b7a6a1ee1afcc83411_49)] | | |

| [Inventory and Raw [removed: Materials](#i36412fa5274e45a7980476aade118645_52)] [added: Materials](#ia329186448a342b7a6a1ee1afcc83411_52)] | | | [removed: [10](#i36412fa5274e45a7980476aade118645_52)] [added: [9](#ia329186448a342b7a6a1ee1afcc83411_52)] | | |

| [Government [removed: Regulations](#i36412fa5274e45a7980476aade118645_55)] [added: Regulations](#ia329186448a342b7a6a1ee1afcc83411_55)] | | | [removed: [10](#i36412fa5274e45a7980476aade118645_55)] [added: [10](#ia329186448a342b7a6a1ee1afcc83411_55)] | | |

| [Human Capital [removed: Management](#i36412fa5274e45a7980476aade118645_58)] [added: Management](#ia329186448a342b7a6a1ee1afcc83411_58)] | | | [removed: [11](#i36412fa5274e45a7980476aade118645_58)] [added: [10](#ia329186448a342b7a6a1ee1afcc83411_58)] | | |

| [Material [removed: Dispositions](#i36412fa5274e45a7980476aade118645_61)] [added: Dispositions](#ia329186448a342b7a6a1ee1afcc83411_61)] | | | [removed: [11](#i36412fa5274e45a7980476aade118645_61)] [added: [11](#ia329186448a342b7a6a1ee1afcc83411_61)] | | |

| [Available [removed: Information](#i36412fa5274e45a7980476aade118645_64)] [added: Information](#ia329186448a342b7a6a1ee1afcc83411_64)] | | | [removed: [11](#i36412fa5274e45a7980476aade118645_64)] [added: [11](#ia329186448a342b7a6a1ee1afcc83411_64)] | | |

| [removed: Item] [added: [Item] 1A. Risk [removed: Factors] [added: Factors](#ia329186448a342b7a6a1ee1afcc83411_67)] | | | [removed: [13](#i36412fa5274e45a7980476aade118645_67)] [added: [13](#ia329186448a342b7a6a1ee1afcc83411_67)] | | |

| [removed: Item] [added: [Item] 1B. Unresolved Staff [removed: Comments] [added: Comments](#ia329186448a342b7a6a1ee1afcc83411_70)] | | | [removed: [24](#i36412fa5274e45a7980476aade118645_70)] [added: [24](#ia329186448a342b7a6a1ee1afcc83411_70)] | | |

| [removed: Item] [added: [Item] 2. [removed: Properties] [added: Properties](#ia329186448a342b7a6a1ee1afcc83411_73)] | | | [removed: [24](#i36412fa5274e45a7980476aade118645_73)] [added: [26](#ia329186448a342b7a6a1ee1afcc83411_73)] | | |

| [removed: Item] [added: [Item] 3. Legal [removed: Proceedings] [added: Proceedings](#ia329186448a342b7a6a1ee1afcc83411_76)] | | | [removed: [25](#i36412fa5274e45a7980476aade118645_76)] [added: [26](#ia329186448a342b7a6a1ee1afcc83411_76)] | | |

| [removed: Item] [added: [Item] 4. Mine Safety [removed: Disclosures] [added: Disclosures](#ia329186448a342b7a6a1ee1afcc83411_79)] | | | [removed: [25](#i36412fa5274e45a7980476aade118645_79)] [added: [26](#ia329186448a342b7a6a1ee1afcc83411_79)] | | |

| [Information about our Executive [removed: Officers](#i36412fa5274e45a7980476aade118645_82)] [added: Officers](#ia329186448a342b7a6a1ee1afcc83411_82)] | | | [removed: [25](#i36412fa5274e45a7980476aade118645_82)] [added: [26](#ia329186448a342b7a6a1ee1afcc83411_82)] | | |

| [Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#i36412fa5274e45a7980476aade118645_88)] [added: Securities](#ia329186448a342b7a6a1ee1afcc83411_88)] | | | [removed: [26](#i36412fa5274e45a7980476aade118645_88)] [added: [28](#ia329186448a342b7a6a1ee1afcc83411_88)] | | |

| [Item [removed: 6.](#i36412fa5274e45a7980476aade118645_91) [\[](#i36412fa5274e45a7980476aade118645_91)Reserved\]] [added: 6.](#ia329186448a342b7a6a1ee1afcc83411_91) [\[](#ia329186448a342b7a6a1ee1afcc83411_91)Reserved\]] | | | [removed: [28](#i36412fa5274e45a7980476aade118645_91)] [added: [30](#ia329186448a342b7a6a1ee1afcc83411_91)] | | |

| [Item 7. Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#i36412fa5274e45a7980476aade118645_94)] [added: Operations](#ia329186448a342b7a6a1ee1afcc83411_94)] | | | [removed: [29](#i36412fa5274e45a7980476aade118645_94)] [added: [31](#ia329186448a342b7a6a1ee1afcc83411_94)] | | |

| [Item 7A. Quantitative and Qualitative Disclosures About Market [removed: Risk](#i36412fa5274e45a7980476aade118645_118)] [added: Risk](#ia329186448a342b7a6a1ee1afcc83411_118)] | | | [removed: [51](#i36412fa5274e45a7980476aade118645_118)] [added: [51](#ia329186448a342b7a6a1ee1afcc83411_118)] | | |

| [Item 8. Financial Statements and Supplementary [removed: Data](#i36412fa5274e45a7980476aade118645_121)] [added: Data](#ia329186448a342b7a6a1ee1afcc83411_121)] | | | [removed: [52](#i36412fa5274e45a7980476aade118645_121)] [added: [53](#ia329186448a342b7a6a1ee1afcc83411_121)] | | |

| [Item 9. Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#i36412fa5274e45a7980476aade118645_220)] [added: Disclosure](#ia329186448a342b7a6a1ee1afcc83411_223)] | | | [removed: [101](#i36412fa5274e45a7980476aade118645_220)] [added: [101](#ia329186448a342b7a6a1ee1afcc83411_223)] | | |

| [Item 9A. Controls and [removed: Procedures](#i36412fa5274e45a7980476aade118645_223)] [added: Procedures](#ia329186448a342b7a6a1ee1afcc83411_226)] | | | [removed: [101](#i36412fa5274e45a7980476aade118645_223)] [added: [101](#ia329186448a342b7a6a1ee1afcc83411_226)] | | |

| [Item 9B. Other [removed: Information](#i36412fa5274e45a7980476aade118645_226)] [added: Information](#ia329186448a342b7a6a1ee1afcc83411_229)] | | | [removed: [101](#i36412fa5274e45a7980476aade118645_226)] [added: [101](#ia329186448a342b7a6a1ee1afcc83411_229)] | | |

| [Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i36412fa5274e45a7980476aade118645_229)] [added: Inspections](#ia329186448a342b7a6a1ee1afcc83411_232)] | | | [removed: [101](#i36412fa5274e45a7980476aade118645_229)] [added: [101](#ia329186448a342b7a6a1ee1afcc83411_232)] | | |

| [PART [removed: III](#i36412fa5274e45a7980476aade118645_232)] [added: III](#ia329186448a342b7a6a1ee1afcc83411_235)] | | | [removed: [102](#i36412fa5274e45a7980476aade118645_232)] [added: [102](#ia329186448a342b7a6a1ee1afcc83411_235)] | | |

| [Item 10. Directors, Executive Officers and Corporate [removed: Governance](#i36412fa5274e45a7980476aade118645_235)] [added: Governance](#ia329186448a342b7a6a1ee1afcc83411_238)] | | | [removed: [102](#i36412fa5274e45a7980476aade118645_235)] [added: [102](#ia329186448a342b7a6a1ee1afcc83411_238)] | | |

| [Item 11. Executive [removed: Compensation](#i36412fa5274e45a7980476aade118645_238)] [added: Compensation](#ia329186448a342b7a6a1ee1afcc83411_241)] | | | [removed: [102](#i36412fa5274e45a7980476aade118645_238)] [added: [102](#ia329186448a342b7a6a1ee1afcc83411_241)] | | |

| [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i36412fa5274e45a7980476aade118645_241)] [added: Matters](#ia329186448a342b7a6a1ee1afcc83411_244)] | | | [removed: [102](#i36412fa5274e45a7980476aade118645_241)] [added: [102](#ia329186448a342b7a6a1ee1afcc83411_244)] | | |

| [Item 13. Certain Relationships and Related Transactions, and Director [removed: Independence](#i36412fa5274e45a7980476aade118645_244)] [added: Independence](#ia329186448a342b7a6a1ee1afcc83411_247)] | | | [removed: [102](#i36412fa5274e45a7980476aade118645_244)] [added: [102](#ia329186448a342b7a6a1ee1afcc83411_247)] | | |

| [Item 14. Principal Accounting Fees and [removed: Services](#i36412fa5274e45a7980476aade118645_247)] [added: Services](#ia329186448a342b7a6a1ee1afcc83411_250)] | | | [removed: [102](#i36412fa5274e45a7980476aade118645_247)] [added: [102](#ia329186448a342b7a6a1ee1afcc83411_250)] | | |

| [Item 15. Exhibits and Financial Statement [removed: Schedules](#i36412fa5274e45a7980476aade118645_253)] [added: Schedules](#ia329186448a342b7a6a1ee1afcc83411_256)] | | | [removed: [103](#i36412fa5274e45a7980476aade118645_253)] [added: [103](#ia329186448a342b7a6a1ee1afcc83411_256)] | | |

| [15(a)(1) Financial [removed: Statements](#i36412fa5274e45a7980476aade118645_256)] [added: Statements](#ia329186448a342b7a6a1ee1afcc83411_259)] | | | [removed: [103](#i36412fa5274e45a7980476aade118645_256)] [added: [103](#ia329186448a342b7a6a1ee1afcc83411_259)] | | |

| [15(a)(2) Financial Statement [removed: Schedule](#i36412fa5274e45a7980476aade118645_259)s] [added: Schedule](#ia329186448a342b7a6a1ee1afcc83411_262)s] | | | [removed: [103](#i36412fa5274e45a7980476aade118645_259)] [added: [103](#ia329186448a342b7a6a1ee1afcc83411_262)] | | |

| [Item 16. Form 10-K [removed: Summary](#i36412fa5274e45a7980476aade118645_265)] [added: Summary](#ia329186448a342b7a6a1ee1afcc83411_268)] | | | [removed: [107](#i36412fa5274e45a7980476aade118645_265)] [added: [107](#ia329186448a342b7a6a1ee1afcc83411_268)] | | |

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).

| [PART I](#ia329186448a342b7a6a1ee1afcc83411_13) | | | [3](#ia329186448a342b7a6a1ee1afcc83411_13) | | |

| [Overview](#ia329186448a342b7a6a1ee1afcc83411_19) | | | [3](#ia329186448a342b7a6a1ee1afcc83411_19) | | |

| [Competition](#ia329186448a342b7a6a1ee1afcc83411_28) | | | [7](#ia329186448a342b7a6a1ee1afcc83411_28) | | |

| [Backlog](#ia329186448a342b7a6a1ee1afcc83411_37) | | | [7](#ia329186448a342b7a6a1ee1afcc83411_37) | | |

| [I](#ia329186448a342b7a6a1ee1afcc83411_2084)[tem 1C. Cybersecurity](#ia329186448a342b7a6a1ee1afcc83411_2084) | | | [24](#ia329186448a342b7a6a1ee1afcc83411_2084) | | |

| [PART II](#ia329186448a342b7a6a1ee1afcc83411_85) | | | [28](#ia329186448a342b7a6a1ee1afcc83411_85) | | |

| [PART IV](#ia329186448a342b7a6a1ee1afcc83411_253) | | | [103](#ia329186448a342b7a6a1ee1afcc83411_253) | | |

| [15(a)(3) Exhibits](#ia329186448a342b7a6a1ee1afcc83411_265) | | | [103](#ia329186448a342b7a6a1ee1afcc83411_265) | | |

| [Signatures](#ia329186448a342b7a6a1ee1afcc83411_271) | | | [108](#ia329186448a342b7a6a1ee1afcc83411_271) | | |

| PART I | | | [3](#i36412fa5274e45a7980476aade118645_13) | | |

| [Overview](#i36412fa5274e45a7980476aade118645_19) | | | [3](#i36412fa5274e45a7980476aade118645_19) | | |

| [Competition](#i36412fa5274e45a7980476aade118645_28) | | | [7](#i36412fa5274e45a7980476aade118645_28) | | |

| Backlog | | | [7](#i36412fa5274e45a7980476aade118645_37) | | |

| [PART II](#i36412fa5274e45a7980476aade118645_85) | | | [26](#i36412fa5274e45a7980476aade118645_85) | | |

| [PART IV](#i36412fa5274e45a7980476aade118645_250) | | | [103](#i36412fa5274e45a7980476aade118645_250) | | |

| [15(a)(3) Exhibits](#i36412fa5274e45a7980476aade118645_262) | | | [103](#i36412fa5274e45a7980476aade118645_262) | | |

| [Signatures](#i36412fa5274e45a7980476aade118645_268) | | | [108](#i36412fa5274e45a7980476aade118645_268) | | |

Risk Management & Strategy

We assess, identify and manage material risks from cybersecurity threats through various protective policies, procedures and processes, including through: (1) the monitoring responsibilities of our cybersecurity program; (2) our information security policies and standards, including our global incident response procedure; (3) our audit services department’s annual enterprise risk management (“ERM”) assessment; (4) our third-party cybersecurity risk assessment program; and (5) cybersecurity insurance.

Designed to maintain the confidentiality, integrity and availability of customer and internal company information, our cybersecurity program focuses on protecting our enterprise information systems and the secure development and deployment of our products.

We monitor for critical vulnerabilities and threat actor activity, and work to create a unified view to prioritize protecting our critical infrastructure (including potential impacts to key third-party service providers to the Company).

The cybersecurity program, which is led by our Vice President of Cybersecurity & Information Technology Infrastructure, holds regular meetings to review ongoing internal information security investigations.

We assess the effectiveness of our cybersecurity program using self-assessments and independent third-party analyses, and evaluate our program using frameworks such as the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework.

In addition to these independent third-party analyses, third-parties also provide services to support our cybersecurity in several ways, such as through penetration testing and commercial information security threat sharing networks, and by assisting with tabletop exercises and certain monitoring activities.

We have designed and implemented a global incident response procedure, which helps enable us to quickly detect, respond to, and recover from third-party malicious attacks and potential security incidents.

This procedure includes formal steps to review incidents and implement improvements, including steps to involve the Vice President of Cybersecurity & Information Technology Infrastructure and Corporate Vice President of Cybersecurity Services (described further below), as appropriate.

In addition, we have other specific information security policies and standards, organized to align with various NIST frameworks, which we use to manage our cybersecurity risks.

Assessing, identifying and managing cybersecurity risks are integrated into our audit services department’s annual ERM assessment, which is designed to identify, assess, prioritize, mitigate and monitor our principal risks.

The ERM assessment considers the probability, impact and velocity of potential risks and provides management and the Audit Committee with an overarching and objective view of the risk management activities of the Company.

Audit services identifies and conducts engagements utilizing inputs from the ERM assessment.

The engagements span financial, operational, strategic and compliance

risks, with a view to assessing risks over a two-year time horizon.

The engagement results assist management in maintaining acceptable risk levels.

The Vice President of Audit Services reports directly to the Audit Committee as well as to the Chief Financial Officer and meets regularly with the Audit Committee and its chairperson, including in executive session.

Separately, the Vice President of Audit Services and Vice President of Ethics & Compliance head an internal cross-functional team (which includes members from our cybersecurity and data privacy programs, among others) that holds regular meetings to discuss the key risks facing the Company and related mitigation efforts, including cybersecurity risks.

Cybersecurity risk is tracked as a principal risk within the context of the ERM assessment.

In addition, we have processes designed to oversee and identify risks from cybersecurity threats associated with our use of third-party service providers.

Pursuant to our third-party cybersecurity risk assessment program, any outsource partners and suppliers that have access to the Company’s data or customer data complete a risk assessment prior to the Company engaging with such parties.

Using the assessments, our cybersecurity program looks to determine any gaps and identified risks, and then appropriate teams within the Company work to track and remediate such risks.

These third-party risk assessments are foundational for how we manage and monitor our supply chain.

To further complement the processes described above, we maintain insurance related to cybersecurity risks.

We maintain a broad portfolio of insurance coverage, leveraging the products of multiple companies to help ensure appropriate protection.

We are consistently subject to attempts to compromise our information technology systems from both internal and external sources and, like all information technology systems, our systems are potentially vulnerable to damage, unauthorized access or interruption from a variety of sources.

As of the filing of this Form 10-K, we are not aware of any such attacks that have occurred since the beginning of 2023 that have materially affected, or are reasonably likely to materially affect, us, including our business strategy, results of operations or financial condition.

However, if as a result of any future attacks our information technology systems are significantly damaged, cease to function properly or are subject to a significant cybersecurity breach, we may suffer an interruption in our ability to manage and operate our business, and our business strategy, results of operations or financial condition could be adversely affected.

Such attacks, whether or not successful, could damage our reputation and result in us incurring significant costs related to, for example, repairing or replacing our IT systems; the loss of critical data; interruptions or delays in our ability, or that of our customers, to perform critical functions; defending against claims for breach of contracts, tort and other civil claims without adequate indemnification from our suppliers; providing time-sensitive notification requirements; and providing modifications or replacements to our products and services.

In addition, the volume, frequency and sophistication of these threats continues to grow and the complexity and scale of the systems to be protected continues to increase.

See “Risks Related to Information Technology and Intellectual Property” in “Part I.

Item 1A.

Risk Factors” of this Form 10-K for further information.

Corporate Governance

Our Board has delegated to the Audit Committee the responsibility to oversee risks related to cybersecurity threats.

Specifically, subject to oversight by the full Board, the Vice President of Cybersecurity & Information Technology Infrastructure provides the Audit Committee with periodic cybersecurity and information security reports.

These reports are informed by input from our cybersecurity program, headed by our Vice President of Cybersecurity & Information Technology Infrastructure, and our cybersecurity services business (which provides cybersecurity services to our customers), headed by our Corporate Vice President of Cybersecurity Services.

Annually, the Vice President of Audit Services reviews the results of the ERM assessment with the Audit Committee as well.

In addition, a subset or the full group of certain individuals, such as our Chief Information Officer, Corporate Vice President of Cybersecurity Services, Vice President of Cybersecurity & Information Technology Infrastructure, and Lead Counsel and Senior Director of Data Privacy, present at least once per year to the Audit Committee regarding cybersecurity and data privacy risk topics.

The full Board is regularly informed about such risks through Audit Committee reports and presentations.

As of February [removed: 6, 2023,] [added: 5, 2024,] the material properties that we used in connection with our business, serving all segments, are as follows:

| Location | | | Approximate [added: Operating] Size in Sq. Ft. (In thousands) | | | Owned vs. Leased | | | Purpose | | |

| Schaumburg, Illinois, U.S. | | | [removed: 345] [added: 282] | | | Leased | | | Research & development and customer support | | |

| Krakow, Poland | | | [removed: 301] [added: 191] | | | Leased | | | Research & development and corporate administrative | | |

| Penang, Malaysia | | | [removed: 300] [added: 254] | | | Leased | | | [removed: Manufacturing and distribution,] [added: Distribution,] research & development and corporate administrative | | |

| Plantation, Florida, U.S. | | | [removed: 182] [added: 172] | | | Leased | | | [removed: Corporate] [added: Research & development and corporate] administrative | | |

| Chicago, Illinois, U.S. | | | [removed: 179] [added: 102] | | | Leased | | | Corporate administrative (global headquarters) | | |

| Tel Aviv, Israel | | | [removed: 152] [added: 139] | | | Leased | | | Research & development and corporate administrative | | |

| Allen, Texas, U.S. | | | 138 | | | Owned | | | [removed: Manufacturing and distribution] [added: Research & development] and corporate administrative | | |

| Vancouver, BC, Canada | | | 70 | | | Leased | | | Corporate administrative | | |

| British Columbia, Canada | | | 108 | | | Leased | | | Manufacturing and distribution and corporate administrative | | |

| Richardson, Texas, U.S. | | | 136 | | | Leased | | | Manufacturing and distribution | | |

The following are the persons who are the executive officers of the Company, their ages, and current titles as of February [removed: 16, 2023] [added: 15, 2024] and the positions they have held during the last five years with the Company or as otherwise noted:

Brown; age [removed: 62;] [added: 63;] Chairman and Chief Executive Officer since May 3, 2011.

Dunning; age [removed: 66;] [added: 67;] Senior Vice President, Human Resources since February 1, 2023; Senior Vice President, Human Resources, Labor & Employment, [removed: CAO] Operations & Real Estate from November 2021 to January 2023; Corporate Vice President, Human Resources, Labor & Employment, [removed: CAO] Operations & Real Estate from July 2019 to November 2021; [added: and] Corporate Vice President, Human Resources, Labor & [removed: Employment, CAO] [added: Employment and] Operations from December 2018 to June [removed: 2019; and Vice President, CAO Operations and Talent Acquisition from December 2016 to December 2018.][added: 2019.]

Katherine Maher, age [removed: 40;] [added: 41;] Corporate Vice President and Chief Accounting Officer since March 14, 2022; Vice President and Corporate Controller from November 2021 to March 2022; Finance Director, North America Credit & Systems Integration, from July 2020 to November 2021; and North America Distribution Finance Director from May 2018 to July 2020.

"Jack" Molloy; age [removed: 51;] [added: 52;] Executive Vice President and Chief Operating Officer since November 18, [removed: 2021;] [added: 2021 and] Executive Vice President, Products and Sales from August 2018 to November [removed: 2021; and Executive Vice President, Worldwide Sales and Services from July 2017 to August 2018.][added: 2021.]

Naik; age [removed: 51;] [added: 52;] Senior Vice President, Strategy and Ventures, since December 2017.

Niewiara; age [removed: 54;] [added: 55;] Senior Vice President, General Counsel since February 1, 2023; Senior Vice President, Commercial Law, Litigation, Antitrust & Intellectual Property from April 2020 to January 2023; Corporate Vice President, Lead Counsel, Commercial Law, Litigation & Antitrust from May 2019 to April 2020; and Corporate Vice President, Lead Counsel, Americas, Sales & Product Operations from January 2017 to May 2019.

Mahesh Saptharishi; age [removed: 45;] [added: 46;] Executive Vice President and Chief Technology Officer since November 18, 2021; Senior Vice President, Software Enterprise and Mobile Video, and Chief Technology Officer from June 2021 to November 2021; Chief Technology Officer & Senior Vice President, Software Enterprise from April 2021 to June 2021; [added: and] Senior Vice President, Chief Technology Officer from February 2019 to April [removed: 2021; and Chief Technology Officer, Senior Vice President of Avigilon from September 2014 to January 2019.][added: 2021.]

Winkler; age [removed: 48;] [added: 49;] Executive Vice President and Chief Financial Officer since July 1, [removed: 2020;] [added: 2020 and] Senior Vice President, Finance from September 2018 to June [removed: 2020; and Corporate Vice President, Finance, Global Sales & Services from February 2016 to September 2018.][added: 2020.]

Yazdi; age [removed: 58;] [added: 59;] Senior Vice President, Communications & Brand since February 2, 2022; Senior Vice President, Chief of Staff, Communications & Brand and Motorola Solutions Foundation from November 2021 to February 2022; [added: and] Senior Vice President, Chief of Staff, Marketing and Communications and Motorola Solutions Foundation from August 2018 to November [removed: 2021; Corporate Vice President, Chief of Staff to the Chairman and CEO, Global Marketing and Communications from February 2018 to August 2018; and Vice President, Chief of Staff, Global Marketing and Communications from September 2016 to February 2018.][added: 2021.]

The above executive officers will serve as executive officers of the Company until the regular meeting of the Board of Directors in May [removed: 2023] [added: 2024] or until their respective successors are elected.

Avigilon, a provider of advanced security and video solutions, is a subsidiary of the Company, which the Company acquired in 2018.

Motorola Solutions' common stock is listed on the New York Stock Exchange and trades under the symbol "MSI." The number of stockholders of record of its common stock on February [removed: 6, 2023] [added: 5, 2024] was [removed: 18,620.][added: 17,662.]

During [removed: 2022,] [added: 2023,] we declared regular quarterly dividends of [removed: $0.79] [added: $0.88] per share of our common stock for each of the first three quarters of fiscal [removed: 2022,] [added: 2023,] and [removed: $0.88] [added: $0.98] per share of our common stock for the fourth quarter of fiscal [removed: 2022.][added: 2023.]

While we expect to continue to pay comparable regular quarterly dividends in [removed: 2023,] [added: 2024,] any future dividend payments will be at the discretion of our Board of Directors and will depend upon our profits, financial requirements and other factors, including legal restrictions on the payment of dividends, general business conditions and such other factors as our Board of Directors deems relevant.

On December [removed: 14, 2022,] [added: 15, 2023,] the Company issued [removed: 7,747] [added: 15,831] shares of common stock in connection with the acquisition of [removed: Rave Mobile] [added: IPVideo Corporation] to certain former shareholders of [removed: Rave Mobile.][added: IPVideo Corporation.]

The stock was issued for an aggregate grant-date fair value of [removed: $2] [added: $5] million that will be expensed over an average service period of [removed: two years.][added: 1 year.]

The following table provides information with respect to acquisitions by the Company of shares of its common stock during the quarter ended December 31, [removed: 2022.][added: 2023.]

| *Period* | | | *(a) Total Number of Shares Purchased* | | | | | | *(b) Average [removed: Price Paid per Share (1)*] [added: Price* *Paid per* *Share* *(1)*] | | | | | | *(c) Total [removed: Number of] [added: Number* *of] Shares [removed: Purchased as] [added: Purchased* *as] Part of [removed: Publicly Announced Plans or Program (2)*] [added: Publicly* *Announced Plans* *or Program* *(2)*] | | | | | | *(d) Approximate [removed: Dollar Value] [added: Dollar* *Value] of Shares [removed: that May] [added: that* *May] Yet Be [removed: Purchased Under] [added: Purchased* *Under] the Plans [removed: or Program (2)*] [added: or* *Program* *(2)*] | | |

| (2) | | | As originally announced on July 28, 2011, and subsequently amended, including [removed: in May 2021,] [added: a $2.0 billion increase approved by] the Board of Directors [added: during the fourth quarter of 2023, the Board of Directors] has authorized the Company to repurchase an aggregate amount of up to [removed: $16.0] [added: $18.0] billion of its outstanding shares of common stock (the “share repurchase program”). The share repurchase program does not have an expiration date. As of December 31, [removed: 2022,] [added: 2023,] the Company had used approximately [removed: $14.7] [added: $15.5] billion, including transaction costs, to repurchase shares, leaving approximately [removed: $1.3] [added: $2.5] billion of authority available for future repurchases. | | |

This graph assumes $100 was invested in the stock or the indices on December 31, [removed: 2017] [added: 2018] and reflects the reinvestment of dividends.

[removed: ][added: ]

| [removed: Years Ended] [added: Years Ended December 31] | | | [removed: December 31, 2017] [added: 2018] | | | [removed: December 31, 2018] [added: 2019] | | | [removed: December 31, 2019] [added: 2020] | | | [removed: December 31, 2020] [added: 2021] | | | [removed: December 31, 2021] [added: 2022] | | | [removed: December 31, 2022] [added: 2023] | | |

| 09/30/2023 to 10/25/2023 | | | 250,781 | | | | | | $ | 278.61 | | | | | 250,781 | | | | | | $ | 528,972,235 | |

| 10/26/2023 to 11/20/2023 | | | 113,878 | | | | | | $ | 276.74 | | | | | 113,878 | | | | | | $ | 2,497,458,099 | |

| 11/21/2023 to 12/27/2023 | | | 51,386 | | | | | | $ | 311.34 | | | | | 51,386 | | | | | | $ | 2,481,459,407 | |

| Total | | | 416,045 | | | | | | $ | 282.14 | | | | | 416,045 | | | | | | | | |

| (1) | | | Average price paid per share of common stock repurchased excludes commissions paid to brokers and excise tax. As of January 1, 2023, the Company's share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act of 2022. The amount of excise tax incurred is included in the Company's Condensed Consolidated Statement of Stockholders' Equity for the quarter ended December 31, 2023. | | |

| Motorola Solutions | | | $ | 100.00 | | $ | 142.19 | | $ | 152.70 | | $ | 247.22 | | $ | 237.81 | | $ | 292.59 | |

| S&P 500 | | | $ | 100.00 | | $ | 131.47 | | $ | 155.65 | | $ | 200.29 | | $ | 163.98 | | $ | 207.04 | |

| S&P Communications Equipment | | | $ | 100.00 | | $ | 113.41 | | $ | 114.12 | | $ | 172.69 | | $ | 138.36 | | $ | 166.68 | |

| 9/29/2022 to 10/26/2022 | | | 302,878 | | | | | | $ | 226.63 | | | | | 302,878 | | | | | | $ | 1,303,410,831 | |

| 10/27/2022 to 11/21/2022 | | | 55,498 | | | | | | $ | 245.11 | | | | | 55,498 | | | | | | $ | 1,289,807,771 | |

| 11/22/2022 to 12/28/2022 | | | 18,562 | | | | | | $ | 253.99 | | | | | 18,562 | | | | | | $ | 1,285,093,268 | |

| Total | | | 376,938 | | | | | | $ | 230.70 | | | | | 376,938 | | | | | | | | |

| (1) | | | Average price paid per share of common stock repurchased is the execution price, including commissions paid to brokers. | | |

| Motorola Solutions | | | $ | 100.00 | | $ | 129.63 | | $ | 184.32 | | $ | 197.94 | | $ | 320.48 | | $ | 308.28 | |

| S&P 500 | | | $ | 100.00 | | $ | 95.61 | | $ | 125.70 | | $ | 148.81 | | $ | 191.48 | | $ | 156.77 | |

| S&P Communications Equipment | | | $ | 100.00 | | $ | 115.08 | | $ | 130.51 | | $ | 131.34 | | $ | 198.73 | | $ | 159.23 | |

| [Report of Independent Registered Public Accounting Firm (PCAOB [removed: ID](#i36412fa5274e45a7980476aade118645_127) 238[)](#i36412fa5274e45a7980476aade118645_127)] [added: ID](#ia329186448a342b7a6a1ee1afcc83411_127) 238[)](#ia329186448a342b7a6a1ee1afcc83411_127)] | | | [removed: [53](#i36412fa5274e45a7980476aade118645_127)] [added: [54](#ia329186448a342b7a6a1ee1afcc83411_127)] | | |

| [Consolidated Statements of [removed: Operations](#i36412fa5274e45a7980476aade118645_130)] [added: Operations](#ia329186448a342b7a6a1ee1afcc83411_130)] | | | [removed: [55](#i36412fa5274e45a7980476aade118645_130)] [added: [56](#ia329186448a342b7a6a1ee1afcc83411_130)] | | |

| [Consolidated Statements of Comprehensive Income [removed: (Loss)](#i36412fa5274e45a7980476aade118645_133)] [added: (Loss)](#ia329186448a342b7a6a1ee1afcc83411_133)] | | | [removed: [56](#i36412fa5274e45a7980476aade118645_133)] [added: [57](#ia329186448a342b7a6a1ee1afcc83411_133)] | | |

| [Consolidated Balance [removed: Sheets](#i36412fa5274e45a7980476aade118645_136)] [added: Sheets](#ia329186448a342b7a6a1ee1afcc83411_136)] | | | [removed: [57](#i36412fa5274e45a7980476aade118645_136)] [added: [58](#ia329186448a342b7a6a1ee1afcc83411_136)] | | |

| [Consolidated Statements of Stockholders' Equity [removed: (Deficit)](#i36412fa5274e45a7980476aade118645_139)] [added: (Deficit)](#ia329186448a342b7a6a1ee1afcc83411_139)] | | | [removed: [58](#i36412fa5274e45a7980476aade118645_139)] [added: [59](#ia329186448a342b7a6a1ee1afcc83411_139)] | | |

| [Consolidated Statements of Cash [removed: Flows](#i36412fa5274e45a7980476aade118645_145)] [added: Flows](#ia329186448a342b7a6a1ee1afcc83411_145)] | | | [removed: [59](#i36412fa5274e45a7980476aade118645_145)] [added: [60](#ia329186448a342b7a6a1ee1afcc83411_145)] | | |

| [Notes to Consolidated Financial [removed: Statements](#i36412fa5274e45a7980476aade118645_148)] [added: Statements](#ia329186448a342b7a6a1ee1afcc83411_148)] | | | [removed: [60](#i36412fa5274e45a7980476aade118645_148)] [added: [61](#ia329186448a342b7a6a1ee1afcc83411_148)] | | |

We have audited the accompanying consolidated balance sheets of Motorola Solutions, Inc. and its subsidiaries (the “Company”) as of December 31, [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] and the related consolidated statements of operations, of comprehensive income (loss), of stockholders’ equity (deficit) and of cash flows for each of the three years in the period ended December 31, [removed: 2022,] [added: 2023,] including the related notes (collectively referred to as the “consolidated financial statements”).

We also have audited the Company's internal control over financial reporting as of December 31, [removed: 2022,] [added: 2023,] based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, [removed: 2022] [added: 2023] and [removed: 2021,] [added: 2022,] and the results of its operations and its cash flows for each of the three years in the period ended December 31, [removed: 2022] [added: 2023] in conformity with accounting principles generally accepted in the United States of America.

Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, [removed: 2022,] [added: 2023,] based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

As described in Note 1 to the consolidated financial statements, [removed: $1.8] [added: $1.9] billion of the Company’s total [removed: revenues] [added: net sales] for the year ended December 31, [removed: 2022] [added: 2023] was generated from [removed: System] [added: system] contracts.

For [added: system] contracts accounted for [removed: over-time] [added: over time] using estimated costs as a measure of performance completed, [removed: the Company] [added: management] relies on estimates [removed: of] [added: around] the total estimated costs to complete the contract (“Estimated Costs at Completion”).

Due to the nature of the efforts required to [added: be performed to] meet the underlying performance obligation, determining Estimated Costs at Completion may be complex and subject to many variables.

[removed: As disclosed by management, management] [added: Management] reviews the progress and performance of open contracts in order to determine the [removed: best] estimate of Estimated Costs at Completion.

The risks and opportunities include management’s [removed: judgments] [added: judgment] about the ability and the cost to achieve the project schedule, technical requirements, and other contract requirements.

The principal considerations for our determination that performing procedures relating to [removed: the] [added: revenue recognition -] estimated costs to complete system contracts is a critical audit matter are [added: (i)] the significant [removed: judgments] [added: judgment] by management [removed: when] [added: in] developing the [added: estimates of total net sales and] Estimated Costs at Completion, [removed: which in turn led to] [added: including significant judgments and assumptions on] a [added: contract by contract basis and (ii) a] high degree of auditor judgment, subjectivity and effort in performing procedures [removed: to evaluate management’s estimates] [added: and evaluating audit evidence] related to management’s [removed: judgments about the cost to achieve the project schedule, technical requirements,] [added: estimates of total net sales] and [removed: other contract requirements.][added: Estimated Costs at Completion for system contracts.]

These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls over the [removed: determination] [added: estimates] of [added: total net sales and] Estimated Costs at [removed: Completion.][added: Completion for system contracts.]

These procedures also included, among others, [removed: evaluating and] testing management’s process for [removed: determining] [added: developing] the [added: estimates of total net sales and] Estimated Costs at [removed: Completion] [added: Completion, including evaluating,] for a sample of [removed: contracts.][added: contracts, the reasonableness of certain significant judgments and assumptions used by management.]

| *(In millions, except per share amounts)* | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2020] [added: 2021] | | |

| Net sales from products | | | $ | [removed: 5,368] [added: 5,814] | | | | | $ | [removed: 4,606] [added: 5,368] | | | | | $ | [removed: 4,087] [added: 4,606] | |

| Net sales from services | | | [removed: 3,744] [added: 4,164] | | | | | | [removed: 3,565] [added: 3,744] | | | | | | [removed: 3,327] [added: 3,565] | | |

| Net sales | | | [removed: 9,112] [added: 9,978] | | | | | | [removed: 8,171] [added: 9,112] | | | | | | [removed: 7,414] [added: 8,171] | | |

| Costs of products sales | | | [removed: 2,595] [added: 2,591] | | | | | | [removed: 2,104] [added: 2,595] | | | | | | [removed: 1,872] [added: 2,104] | | |

| Costs of services sales | | | [removed: 2,288] [added: 2,417] | | | | | | [removed: 2,027] [added: 2,288] | | | | | | [removed: 1,934] [added: 2,027] | | |

| Costs of sales | | | [removed: 4,883] [added: 5,008] | | | | | | [removed: 4,131] [added: 4,883] | | | | | | [removed: 3,806] [added: 4,131] | | |

| Gross margin | | | [removed: 4,229] [added: 4,970] | | | | | | [removed: 4,040] [added: 4,229] | | | | | | [removed: 3,608] [added: 4,040] | | |

| Selling, general and administrative expenses | | | [removed: 1,450] [added: 1,561] | | | | | | [removed: 1,353] [added: 1,450] | | | | | | [removed: 1,293] [added: 1,353] | | |

| Research and development expenditures | | | [removed: 779] [added: 858] | | | | | | [removed: 734] [added: 779] | | | | | | [removed: 686] [added: 734] | | |

| Other charges | | | [removed: 339] [added: 257] | | | | | | [removed: 286] [added: 339] | | | | | | [removed: 246] [added: 286] | | |

| Operating earnings | | | [removed: 1,661] [added: 2,294] | | | | | | [removed: 1,667] [added: 1,661] | | | | | | [removed: 1,383] [added: 1,667] | | |

| Interest expense, net | | | [removed: (226)] [added: (216)] | | | | | | [removed: (208)] [added: (226)] | | | | | | [removed: (220)] [added: (208)] | | |

| Gains [removed: (losses)] on sales of investments and businesses, net | | | [removed: 3] [added: —] | | | | | | [removed: 1] [added: 3] | | | | | | [removed: (2)] [added: 1] | | |

| Other, net | | | [removed: 77] [added: 68] | | | | | | [removed: 92] [added: 77] | | | | | | [removed: 13] [added: 92] | | |

| Total other expense | | | [removed: (146)] [added: (148)] | | | | | | [removed: (115)] [added: (146)] | | | | | | [removed: (209)] [added: (115)] | | |

| Net earnings before income taxes | | | [removed: 1,515] [added: 2,146] | | | | | | [removed: 1,552] [added: 1,515] | | | | | | [removed: 1,174] [added: 1,552] | | |

| Income tax expense | | | [removed: 148] [added: 432] | | | | | | [removed: 302] [added: 148] | | | | | | [removed: 221] [added: 302] | | |

| Net earnings | | | [removed: 1,367] [added: 1,714] | | | | | | [removed: 1,250] [added: 1,367] | | | | | | [removed: 953] [added: 1,250] | | |

| Less: Earnings attributable to noncontrolling interests | | | [removed: 4] [added: 5] | | | | | | [removed: 5] [added: 4] | | | | | | [removed: 4] [added: 5] | | |

| Net earnings attributable to Motorola Solutions, Inc. | | | $ | [removed: 1,363] [added: 1,709] | | | | | $ | [removed: 1,245] [added: 1,363] | | | | | $ | [removed: 949] [added: 1,245] | |

Evaluating the significant judgments and assumptions used by management in developing the estimates of total net sales and Estimated Costs at Completion involved evaluating whether the significant judgments and assumptions were reasonable considering (i) on a test basis, management’s historical forecasting accuracy; (ii) on a test basis, evidence to support the relevant judgments and assumptions; (iii) the consistent application of accounting policies; and (iv) the timely identification of circumstances which may require a modification to a previous estimate.

February 15, 2024

| Derivative instruments | | | (12) | | | | | | — | | | | | | — | | |

| Less: Earnings attributable to noncontrolling interests | | | 5 | | | | | | 4 | | | | | | 5 | | |

| Current assets held for disposition | | | 24 | | | | | | — | | |

| Non-current assets held for disposition | | | 17 | | | | | | — | | |

| Share-based compensation expenses | | | | | | | | | 212 | | | | | | | | | | | | | | | | | | | | |

| Balance as of December 31, 2023 | | | 167.4 | | | | | | $ | 1,624 | | | | | $ | (2,540) | | | | | $ | 1,640 | | | | | $ | 15 | |

| Net earnings | | | $ | 1,714 | | | | | $ | 1,367 | | | | | $ | 1,250 | |

| Exit of video manufacturing operations | | | 24 | | | | | | — | | | | | | — | | |

In limited instances where the Company is not the principal in the arrangement, the Company will recognize revenue on a net basis.

The Company's revenue recognition over time is based on an input measure of costs incurred, which depicts the transfer of control to its customers under its contracts.

Software is not distinct from the hosting

For hybrid arrangements, the on-premise software and as-a-service software are generally distinct performance obligations where the on-premise solution is recognized at the point when the customer can benefit from the software and the as-a-service software is recognized over time as the customer receives the benefit from the hosted solution.

We use list price as the standalone selling price for indirect sales sold through our channel partners.

Given the unique nature of the goods and services we provide to direct customers, sufficient standalone sales of our products generally do not exist.

Management must make assumptions and estimates regarding labor productivity and availability, the complexity of work to be performed, the availability and cost of materials, and performance by subcontractors, among other variables.

Based on this analysis, any adjustment to net sales, cost of sales, and the related impact to operating income are recorded as necessary in the period they become known.

For Equity swap contracts, which do not qualify for hedge accounting, gains and losses are recorded immediately in Selling, general and administrative

expenses within the Consolidated Statements of Operations.

Gains and losses pertaining to instruments designated as cash flow hedges that qualify for hedge accounting are recognized as a component of Accumulated other comprehensive income.

On December 15, 2023, the Company acquired IPVideo Corporation ("IPVideo"), the creator of the HALO Smart Sensor, for $170 million, net of cash acquired.

In addition, the Company issued restricted stock at a fair value of $5 million to certain key employees that will be expensed over a service period of one year.

The HALO Smart Sensor is a multifunctional safety and security device with built-in vape detection and air quality monitoring, gunshot detection, abnormal noise and motion detection and emergency keyword detection.

This acquisition adds sensor technology to the Company's physical security portfolio.

In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to

assess segment performance.

The ASU will require the Company to disclose additional expense categories at the segment level including Cost of sales, Selling, general and administrative expenses, Research and development expenditures and other charges once it adopts this ASU.

The Company is still evaluating the complete impact of the adoption of this ASU on its disclosures.

In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which expands disclosures in an entity's income tax rate reconciliation table and disclosures regarding cash taxes paid both in the U.S. and foreign jurisdictions.

The Company anticipates that it will have additional disclosures regarding cash taxes and the income tax rate reconciliation once it adopts this ASU.

| | | | $ | 6,242 | | | | | $ | 3,736 | | | | | $ | 9,978 | | | | | $ | 5,728 | | | | | $ | 3,384 | | | | | $ | 9,112 | | | | | $ | 5,033 | | | | | $ | 3,138 | | | | | $ | 8,171 | |

| | | | $ | 6,242 | | | | | $ | 3,736 | | | | | $ | 9,978 | | | | | $ | 5,728 | | | | | $ | 3,384 | | | | | $ | 9,112 | | | | | $ | 5,033 | | | | | $ | 3,138 | | | | | $ | 8,171 | |

Remaining performance obligations from the Products and Systems Integration segment are equal to disclosed backlog for the segment.

yet satisfied as of December 31, 2023.

As a result, remaining performance obligations from the Software and Services segment may be less than disclosed backlog in the Software and Services segment due to multi-year service contracts with termination for convenience clauses.

In October 2021, the U.K.'s Competition and Markets Authority ("CMA") announced that it had opened a market investigation into the Mobile Radio Network Services market.

This investigation included Airwave, the Company's private mobile radio communications network that the Company acquired in 2016.

On July 31, 2023, the CMA adopted a remedies order which implemented the price control set out in its final decision, which was suspended until the CAT dismissed the Company's appeal on December 22, 2023.

Based on the adoption of the remedies order, since August 1, 2023, revenue under the Airwave contract has been recognized in accordance with the prospective price control as the contract value was subject to variable consideration constraints.

The Company recognizes revenue on a significant portion of System contracts on an over-time basis, electing an input method of estimated costs as a measure of performance completed.

Management’s process for determining the Estimated Costs at Completion was evaluated for reasonableness by (i) performing a comparison of the originally estimated and actual costs incurred on completed contracts; (ii) evaluating the timely identification of circumstances that may warrant a modification to Estimated Costs at Completion; and (iii) analyzing contracts and project schedules that support those estimates.

February 16, 2023

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| Balance as of January 1, 2020 | | | 171.0 | | | | | | $ | 501 | | | | | $ | (2,440) | | | | | $ | 1,239 | | | | | $ | 17 | |

| Repayment of unsecured revolving credit facility draw | | | — | | | | | | — | | | | | | (800) | | |

| Proceeds from unsecured revolving credit facility draw | | | — | | | | | | — | | | | | | 800 | | |

that are delivered concurrently using the same over-time method.

The selection of the measurement of progress using estimated costs was based on a thorough consideration of alternatives of various output and input measures, including contract milestones and labor hours.

However, the Company has determined that other input and output measures are not an appropriate measure of progress as they do not accurately align with the transfer of control on its customized systems.

The qualitative

Investments in debt securities are classified as available-for-sale and held-to-maturity on the basis of the Company’s intent and ability to hold the investments.

Investments classified as available-for-sale are carried at fair value with changes reflected in other comprehensive income.

Any credit-related impairment is recognized through an allowance for expected credit losses, and adjusted subsequently if conditions change, with a corresponding impact in earnings.

Where there is an intention or a requirement to sell an impaired available-for-sale debt security, the entire impairment is recognized in earnings with a corresponding adjustment to the amortized cost basis of the security.

Investments classified as held-to-maturity are carried at amortized cost less allowance for credit losses recorded within Other, net within Other income (expense).

The business is a part of both the Products and Systems Integration segment and the Software and Services segment.

On August 28, 2020, the Company acquired the Callyo business ("Callyo"), a cloud-based mobile applications provider for law enforcement in North America for $63 million, inclusive of share-based compensation withheld at a fair value of $3 million that will be expensed over an average service period of two years.

The acquisition was settled with $61 million in cash, net of cash acquired.

This acquisition adds to the Company's existing Command Center suite critical mobile technological capabilities that enable information to flow seamlessly from the field to the command center.

On July 31, 2020, the Company acquired Pelco, Inc. ("Pelco"), a global provider of video security solutions for a purchase price of $110 million.

The acquisition was settled with $107 million of cash, net of cash acquired.

The acquisition demonstrates the Company's continued investment in Video, adding a broad range of products that can be used in a variety of commercial and industrial environments and use cases.

The business is part of both the Products and Systems Integration segment and the Software and Services segment.

On June 16, 2020 the Company acquired IndigoVision Group plc ("IndigoVision") for a purchase price of $37 million.

The acquisition was settled with $35 million of cash, net of cash acquired and debt assumed.

The acquisition complements the Company's Video technology, providing enhanced geographical reach across a wider customer base.

On April 30, 2020, the Company acquired a cybersecurity services business for $32 million of cash, net of cash acquired.

The acquisition expands the Company's ability to assist customers with cybersecurity needs through vulnerability assessments, cybersecurity consulting, and managed services including security monitoring of network operations.

On March 3, 2020, the Company acquired a cybersecurity services business for $40 million, inclusive of share-based compensation withheld at a fair value of $6 million that will be expensed over a service period of two years.

The acquisition was settled with $33 million of cash, net of cash acquired.

The acquisition expands the Company's ability to assist customers with cybersecurity needs through vulnerability assessments, cybersecurity consulting, managed services and remediation and response capabilities.

The amendments are effective for all entities for fiscal years beginning after December 15, 2022 on a retrospective basis, including interim periods within those fiscal years, except for the requirement to disclose rollforward information, which is effective prospectively for fiscal years beginning after December 15, 2023.

Early adoption is permitted upon issuance of the update.

The Company does not expect the adoption to have a material impact on its financial statements and disclosures.

In August 2020, the FASB issued ASU No. 2020-06, "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity," which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments.

The new guidance removes the separation models for convertible debt with a cash conversion feature or a beneficial conversion feature.

Under the supervision and with the participation of our senior management, including our chief executive officer and chief financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act, as of December 31, [removed: 2022] [added: 2023] (the "Evaluation Date"), the end of the period covered by this Form 10-K.

Under the supervision and with the participation of our senior management, including our chief executive officer and chief financial officer, we assessed the effectiveness of our internal control over financial reporting as of December 31, [removed: 2022,] [added: 2023,] using the criteria set forth in the *Internal Control-Integrated Framework* (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO").

Based on this assessment, management has concluded that our internal control over financial reporting was effective as of December 31, [removed: 2022.][added: 2023.]

During the three months ended December 31, 2023, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

None.

Exhibit numbers 10.5 through [removed: 10.61] [added: 10.70] listed in this Exhibit Index are management contracts or compensatory plans or arrangements required to be filed as exhibits to this form by Item 15(b) hereof.

| [removed: [2.1](http://www.sec.gov/Archives/edgar/data/68505/000119312518098438/d528027dex21.htm)] [added: [10.74](http://www.sec.gov/Archives/edgar/data/68505/000119312519238161/d798233dex101.htm)] | | | | | | [removed: Arrangement] [added: Investment] Agreement, dated [removed: February 1, 2018,] [added: as of September 5, 2019,] among Motorola Solutions, Inc., [removed: Motorola Solutions Canada Holdings Inc.] [added: Silver Lake Alpine, L.P.] and [removed: Avigilon Corporation] [added: Silver Lake Alpine (Offshore Master) L.P.] (incorporated by reference to Exhibit [removed: 2.1] [added: 10.1] to Motorola Solutions, Inc.’s Current Report on Form 8-K filed on [removed: March 28, 2018).] [added: September 5, 2019).] | | | | | |

| [removed: [3.1 (a)](http://www.sec.gov/Archives/edgar/data/68505/000095012309029701/c52533exv3wiwb.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex101q12021.htm)[5](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex101q12021.htm)[8](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex101q12021.htm)] | | | | | | [removed: Restated Certificate of Incorporation of Motorola, Inc.,] [added: Motorola Solutions Long Range Incentive Plan (LRIP),] as [removed: amended through May 5, 2009] [added: Amended and Restated February 11, 2021] (incorporated by reference to Exhibit [removed: 3(i)(b)] [added: 10.1] to [removed: Motorola,] [added: Motorola Solutions,] Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended [removed: July 4, 2009).] [added: April 3, 2021).] | | | | | |

| [removed: [3.1 (b)](http://www.sec.gov/Archives/edgar/data/68505/000110465911001040/a11-1944_1ex3d1.htm)] [added: [10.62](http://www.sec.gov/Archives/edgar/data/68505/000119312513248649/d548202dex101.htm)] | | | | | | [removed: Certificate of Amendment to the] [added: Motorola Solutions Management Deferred Compensation Plan (As Amended and] Restated [removed: Certificate of Incorporation of Motorola, Inc., effective January 4, 2011,] [added: Effective] as [removed: filed with the Secretary] of [removed: State of the State of Delaware] [added: June 1, 2013)] (incorporated by reference to Exhibit [removed: 3.1] [added: 10.1] to Motorola Solutions, Inc.'s Current Report on Form 8-K filed on [removed: January 10, 2011).] [added: June 5, 2013).] | | | | | |

| [removed: [10.8](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex109q12022.htm)] [added: [10.9](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex109q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Option Award Agreement for grants to Section 16 Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.9 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000006850519000013/msiex102q12019.htm)9] [added: [10.10](http://www.sec.gov/Archives/edgar/data/68505/000006850519000013/msiex102q12019.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Option Award Agreement for grants to Section 16 Officers from February 14, 2019 to March 9, 2022 (incorporated by reference to Exhibit 10.2 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2019). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000119312515087345/d888224dex101.htm)10] [added: [10.11](http://www.sec.gov/Archives/edgar/data/68505/000119312515087345/d888224dex101.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Option Award Agreement for grants to Section 16 Officers from March 9, 2015 to February 13, 2019 (incorporated by reference to Exhibit 10.1 to Motorola Solutions, Inc.’s Current Report on Form 8-K filed on March 11, 2015). | | | | | |

| [removed: [10.11](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex106q12022.htm)] [added: [10.13](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex106q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Award Document-Terms and Conditions Related to Employee Nonqualified Stock Options for grants to Section 16 Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.6 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/68505/000144530513001679/stockoptionawarddocument-s.htm)2] [added: [10.14](http://www.sec.gov/Archives/edgar/data/68505/000144530513001679/stockoptionawarddocument-s.htm)] | | | | | | Form of Motorola Solutions, Inc. Award Document-Terms and Conditions Related to Employee Nonqualified Stock Options for grants to Section 16 Officers from May 6, 2013 to March 9, 2022 (incorporated by reference to Exhibit 10.2 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 29, 2013). | | | | | |

| [removed: [10.13](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex103q12022.htm)] [added: [10.16](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex103q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Award Document-Terms and Conditions Related to Employee Nonqualified Stock Options relating to the Motorola Solutions Omnibus Incentive Plan of 2015, as amended, for grants [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.3 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex104q12018.htm)4] [added: [10.17](http://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex104q12018.htm)] | | | | | | Form of Motorola Solutions, Inc. Award Document-Terms and Conditions Related to Employee Nonqualified Stock Options relating to the Motorola Solutions Omnibus Incentive Plan of 2015 for grants from February 15, 2018 to March 9, 2022 (incorporated by reference to Exhibit 10.4 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2018). | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex106q12017.htm)5] [added: [10.18](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex106q12017.htm)] | | | | | | Form of Motorola Solutions, Inc. Award Document-Terms and Conditions Related to Employee Nonqualified Stock Options relating to the Motorola Solutions Omnibus Incentive Plan of 2015 for grants from March 9, 2017 to February 14, 2018 (incorporated by reference to Exhibit 10.6 to Motorola Solutions’ Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2017). | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/68505/000006850514000005/msiex1092013.htm)6] [added: [10.19](http://www.sec.gov/Archives/edgar/data/68505/000006850514000005/msiex1092013.htm)] | | | | | | Form of Motorola Solutions, Inc. Award Document-Terms and Conditions Related to Employee Nonqualified Stock Options relating to the Motorola Solutions Omnibus Incentive Plan of 2006 for grants from February 3, 2014 to March 8, 2017 (incorporated by reference to Exhibit 10.9 to Motorola Solutions, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013). | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1011.htm)7] [added: [10.55](http://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1039.htm)] | | | | | | Form of Motorola [added: Solutions Deferred Stock Units Award between Motorola] Solutions, Inc. [removed: Award Document-Terms] and [removed: Conditions Related to Employee Nonqualified Stock Options relating to] [added: its non-employee directors under] the Motorola Solutions Omnibus Incentive Plan of 2006 [added: or any successor plan] for grants from January 4, 2011 to [removed: February 2, 2014] [added: December 31, 2011] (incorporated by reference to Exhibit [removed: 10.11] [added: 10.39] to Motorola Solutions, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010). | | | | | |

| [removed: [10.18](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex104q12022.htm)] [added: [10.21](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex104q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Stock Option Consideration Agreement for grants [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.4 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex107q12017.htm)9] [added: [10.22](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex107q12017.htm)] | | | | | | Form of Motorola Solutions, Inc. Stock Option Consideration Agreement for grants from March 9, 2017 to March 9, 2022 (incorporated by reference to Exhibit 10.7 to Motorola Solutions, Inc.'s Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2017). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000006850514000005/msiex10142013.htm)20] [added: [10.23](http://www.sec.gov/Archives/edgar/data/68505/000006850514000005/msiex10142013.htm)] | | | | | | Form of Motorola Solutions Stock Option Consideration Agreement for grants from February 3, 2014 to March 8, 2017 (incorporated by reference to Exhibit 10.14 to Motorola Solutions, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013). | | | | | |

| [removed: [10.21](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex108q12022.htm)] [added: [10.2](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex108q12022.htm)[5](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex108q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Market Stock Unit Agreement for grants to Section 16 Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.8 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex102q12017.htm)22] [added: [10.26](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex102q12017.htm)] | | | | | | Form of Motorola Solutions, Inc. Market Stock Unit Agreement for grants to Section 16 Officers from March 9, 2017 to March 9, 2022 (incorporated by reference to Exhibit 10.2 to Motorola Solutions, Inc.'s Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2017). | | | | | |

| [removed: [10.23](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1010q12022.htm)] [added: [10.2](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1010q12022.htm)[8](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1010q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Agreement relating to the Motorola Solutions Omnibus Incentive Plan of 2015, as amended, for grants to Section 16 Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.10 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.2](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex105q12017.htm)4] [added: [10.29](http://www.sec.gov/Archives/edgar/data/68505/000006850517000005/msiex105q12017.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Agreement relating to the Motorola Solutions Omnibus Incentive Plan of 2015 for grants to Section 16 Officers from March 9, 2017 to March 9, 2022 (incorporated by reference to Exhibit 10.5 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2017). | | | | | |

| [removed: [10.25](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex101q12022.htm)] [added: [10.31](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex101q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Agreement relating to the Motorola Solutions Omnibus Incentive Plan of 2015, as amended, for grants to Appointed Vice Presidents and Elected Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.1 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.2](https://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex102q12018.htm)6] [added: [10.32](https://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex102q12018.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Agreement relating to the Motorola Solutions Omnibus Incentive Plan of 2015 for grants to Appointed Vice Presidents and Elected Officers from February 15, 2018 to March 9, 2022 (incorporated by reference to Exhibit 10.2 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2018). | | | | | |

| [removed: [10.27](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex102q12022.htm)] [added: [10.34](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex102q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Agreement relating to the Motorola Solutions Omnibus Incentive Plan of 2015, as amended, for grants to Employees [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.2 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.2](http://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex103q12018.htm)8] [added: [10.35](http://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex103q12018.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Agreement relating to the Motorola Solutions Omnibus Incentive Plan of 2015 for grants to Employees from February 15, 2018 to March 9, 2022 (incorporated by reference to Exhibit 10.3 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2018). | | | | | |

| [removed: [10.29](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex105q12022.htm)] [added: [10.37](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex105q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to non-Section 16 Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.5 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex104q12021.htm)[30](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex104q12021.htm)] [added: [10.38](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex104q12021.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to non-Section 16 Officers from February 11, 2021 to March 9, 2022 (incorporated by reference to Exhibit 10.4 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 3, 2021). | | | | | |

| [removed: [10.31](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex107q12022.htm)] [added: [10.40](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex107q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to Section 16 Officers [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.7 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.32](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex103q12021.htm)] [added: [10.41](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex103q12021.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to Section 16 Officers from February 11, 2021 to March 9, 2022 (incorporated by reference to Exhibit 10.3 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 3, 2021). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000006850519000019/msiex101q22019.htm)33] [added: [10.44](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex102q12021.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to [removed: Section 16 Officers] [added: Gregory Q. Brown] from [removed: May 13, 2019 to] February [removed: 10,] [added: 11,] 2021 [added: to March 9, 2022] (incorporated by reference to Exhibit [removed: 10.1] [added: 10.2] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended [removed: June 29, 2019).] [added: April 3, 2021).] | | | | | |

| [removed: [10.34](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1011q12022.htm)] [added: [10.43](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1011q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to Gregory Q. Brown [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.11 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.35](https://www.sec.gov/Archives/edgar/data/68505/000006850521000015/msiex102q12021.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1012q12022.htm)[5](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1012q12022.htm)[1](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1012q12022.htm)] | | | | | | Form of Motorola Solutions, Inc. [removed: Performance] [added: Market] Stock Unit [removed: Award] Agreement for grants to Gregory Q. Brown from [removed: February 11, 2021 to] March [removed: 9,] [added: 10,] 2022 [added: to March 8, 2023] (incorporated by reference to Exhibit [removed: 10.2] [added: 10.12] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April [removed: 3, 2021).] [added: 2, 2022).] | | | | | |

| [removed: [10.36](https://www.sec.gov/Archives/edgar/data/68505/000006850519000019/msiex102q22019.htm)] [added: [10.42](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1013-formofpsuaward.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to Gregory Q. Brown [removed: from May 13, 2019 to February 10, 2021] [added: on or after March 9, 2023] (incorporated by reference to Exhibit [removed: 10.2] [added: 10.13] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended [removed: June 29, 2019).] [added: April 1, 2023).] | | | | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1025.htm)[3](https://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1025.htm)7] [added: [10.49](http://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1027.htm)] | | | | | | Form of Motorola Solutions [removed: Award Document-Terms and Conditions Related to Employee Nonqualified] Stock [removed: Options] [added: Option Consideration Agreement] for Gregory Q. [removed: Brown, relating] [added: Brown for grants from January 4, 2011] to [added: March 9, 2022 under] the Motorola Solutions Omnibus Incentive Plan of 2006 [removed: for grants on or after January 4, 2011] (incorporated by reference to Exhibit [removed: 10.25] [added: 10.27] to Motorola Solutions, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000119312515087345/d888224dex103.htm)38] [added: [10.46](http://www.sec.gov/Archives/edgar/data/68505/000119312515087345/d888224dex103.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Option Award Agreement for grants to Gregory Q. Brown on or after March 9, 2015 [added: to March 8, 2023] (incorporated by reference to Exhibit 10.3 to Motorola Solutions, Inc.’s Current Report on Form 8-K filed on March 11, 2015). | | | | | |

| [removed: [10.39](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1013q12022.htm)] [added: [10.48](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1013q12022.htm)] | | | | | | Form of Motorola Solutions Stock Option Consideration Agreement for Gregory Q. Brown for grants [removed: on or after] [added: from] March 10, 2022 [added: to March 8, 2023] under the Motorola Solutions Omnibus Incentive Plan of 2015, as amended (incorporated by reference to Exhibit 10.13 to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.](http://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1027.htm)40] [added: [10.](http://www.sec.gov/Archives/edgar/data/68505/000119312512063569/d280303dex1037.htm)[5](http://www.sec.gov/Archives/edgar/data/68505/000119312512063569/d280303dex1037.htm)[3](http://www.sec.gov/Archives/edgar/data/68505/000119312512063569/d280303dex1037.htm)] | | | | | | Form of Motorola Solutions [added: Deferred] Stock [removed: Option Consideration] [added: Units] Agreement [removed: for Gregory Q. Brown for grants from January 4, 2011] [added: between Motorola Solutions, Inc. and its non-employee directors, relating] to [removed: March 9, 2022] [added: the deferred stock units issued in lieu of cash compensation to directors] under the Motorola Solutions Omnibus Incentive Plan of [removed: 2006] [added: 2006, for acquisitions on or after January 1, 2012] (incorporated by reference to Exhibit [removed: 10.27] [added: 10.37] to Motorola Solutions, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, [removed: 2010).] [added: 2011).] | | | | | |