Motorola Solutions (MSI) 10-K risk factor changes: FY2025 vs FY2024

As we introduce new products and services and enhance existing products and [removed: services in our segments,] [added: services,] we may face increased areas of risk related to the success of such products and services that we may not be able to properly assess or mitigate, as well as increased competition and additional compliance obligations, each of which could harm our reputation, market share, results of operations and financial condition or result in additional obligations or liabilities for our business.

For example, the software and video security industries [removed: are] [added: have been] characterized by rapidly changing customer preferences in favor of cloud solutions and the adoption of AI capabilities.

As another example, there [added: have been and] are [removed: long standing] [added: currently] initiatives by governments in several countries to transition public safety communications away from LMR networks onto public mobile broadband networks.

While such initiatives have gained [removed: little] [added: limited] traction to date, if customers conclude that public mobile broadband networks, potentially augmented with emerging technologies, provide adequate resiliency, coverage, control, and cost for their critical communication needs, it could adversely affect our [removed: LMR Communications] [added: MCN] sales.

Any [removed: failure] [added: delay] by us to effectively, [removed: timely,] and [removed: frequently] [added: in a timely manner,] introduce new products and services or enhance current products and services, including by accurately predicting technological and business trends, controlling research and development costs or executing our strategy, could significantly harm our reputation, market share, results of operations [removed: and] [added: or] financial condition.

In addition, new technologies and new competitors continue to enter our markets at a faster pace than [removed: we have experienced] in the past, [added: and customer trends also continue to evolve at a rapid pace,] resulting in increased competition.

We may [added: continue to] face increasing competition from both incumbents and emerging competitors as customer contracts become larger, more complicated, and include an expanded range of services or complex product requirements.

Expansion of our products and services may [added: also] result in the applicability of new legal and regulatory requirements and [removed: restrictions and] compliance [removed: obligations.][added: obligations, which may increase the costs of doing business or delay or limit the range of new products and services we may be able to offer.]

Catastrophic events may interrupt our business, or our customers’ or suppliers’ business, which may adversely affect our business, results of operations, financial position, cash flows [removed: and] [added: or] stock price.

Our business operations, and the operations of our customers and suppliers, are subject to interruption by natural disasters [removed: (including climate change-related events),] [added: and extreme weather,] flooding, [removed: fire,] [added: fires,] power shortages, the widespread outbreak of infectious diseases and pandemics, terrorist acts or the outbreak or escalation of armed hostilities, and other events beyond our control.

[removed: Catastrophic events] [added: The occurrence of any such catastrophic event, and the measures taken in response thereto,] could have varied impacts [removed: such as those experienced during the COVID-19 pandemic,] [added: and adversely impact our operations,] including [added: through] impacts to our workforce and supply chain, inflationary pressures and increased [removed: costs,] [added: costs (including increased insurance costs), impacts to sources or supply of energy,] schedule or production delays, [added: loss of spoilage of inventory,] market [removed: volatility] [added: volatility, physical damage to our facilities or those of our suppliers or customers,] and other financial impacts.

[removed: These] [added: The impacts of these catastrophic] events [removed: have had, and in the future] could [removed: continue to have,] [added: 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 [removed: and] [added: or] stock price.

[removed: Social, ethical, environmental, and competitive risks relating to the] [added: We] use [removed: of] AI in our products and [removed: services] [added: services, and challenges related to the use of AI] could [added: subject us to legal liability or additional regulatory oversight, or] adversely affect our [added: business, financial condition,] results of operations [removed: and] [added: or] business reputation.

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

Other companies may develop AI systems that are similar or superior to our technologies or more cost-effective to develop and [removed: deploy.][added: deploy, and customer demand for AI-based technologies and analytics may continue to increase at a fast rate.]

[removed: Therefore, the] [added: The] research and development cost we may incur to compete with such AI systems and meet increased customer demand for AI-based [added: technologies and] analytics may increase the cost of our [removed: offerings.][added: products and services.]

If we are unable to mitigate these risks, our results of [removed: operations] [added: operations, financial condition or reputation] may be adversely affected.

These risks and uncertainties include: (i) the inability to realize our business plan with respect to the acquired businesses, (ii) the difficulty or inability in integrating newly-acquired businesses and operations in an efficient and effective manner, including ensuring proper integration of acquired businesses’ legal and regulatory compliance programs, information technology systems and financial reporting and internal control systems, (iii) the challenges in integrating acquired businesses to create the operating platform for physical security, (iv) the challenges in achieving strategic objectives, cost savings and other benefits from acquisitions, (v) the risk that our contractual relationships or the markets served do not evolve as anticipated and that the technologies acquired do not prove to be those needed to be successful in those markets, (vi) the potential loss of key employees of the acquired businesses, (vii) the risk of diverting the attention of senior management from our operations, (viii) the risks of entering new markets in which we have limited experience, (ix) future impairments of goodwill, (x) the potential loss of intellectual property due to actions of employees in connection with such acquisitions, (xi) the risks of exposure to new patent assertions by third-parties directed at the technologies of the newly acquired businesses, [removed: and] (xii) [removed: the] potential identified or unknown security vulnerabilities in acquired products that expose us to additional security [removed: risk.][added: risk, (xiii) the inability to retain customers, distributors, vendors and other business partners of the acquired businesses, (xiv) potential negative reactions from stakeholders, and (xv) exposure to litigation, regulatory or other claims in connection with, or inheritance of claims or other litigation risk as a result of, an acquisition.]

In addition, we may [added: choose] not [added: to] pursue opportunities [removed: that are] [added: because they may be] highly dilutive to near-term earnings.

If the quality of our products does not meet our customers' expectations or regulatory or industry standards, [removed: then] [added: or] our [removed: sales and operating earnings,] [added: products] and [removed: ultimately] [added: services suffer from an actual or perceived systems or service failure, then] our [removed: reputation,] [added: results of operations, financial condition, or reputation] could be negatively impacted.

[removed: Such] [added: Other impacts of any such] pre-shipment and post-shipment quality issues [added: or failures or perceived failures of our mission-critical products and services] can [removed: have] [added: include] legal, financial and reputational ramifications, [removed: including:] [added: such as:] (i) delays in the recognition of revenue, loss of revenue or future orders, or revenue reversals, (ii) customer-imposed penalties for failure to meet contractual requirements, (iii) increased costs associated with repairing or replacing products, and (iv) a negative impact on our goodwill and brand name reputation.

Recalls and field actions could result in third-party litigation by persons or companies alleging harm or economic damage as a result of the use of the [removed: products.][added: products or services.]

If demand for our products or services increases from our current expectations or if, as we have experienced in the past, suppliers are unable to meet our demand for other reasons, including as a result of supply chain constraints; natural [removed: disasters (including events related to climate change); import/export restrictions,] [added: disasters; trade policy decisions,] such as new, expanded or retaliatory tariffs, sanctions, [removed: quotas] [added: quotas, import/export restrictions] or trade barriers (including [removed: recent U.S. tariffs imposed or threatened to be imposed on China, Canada and Mexico and other countries and any retaliatory actions taken by such countries);] [added: restrictions around rare earth minerals);] financial issues or other factors, we have, and could continue to experience an interruption in supply or a significant increase in the price of supply.

Our entry into these contracts exposes us to risks, including among others: (i) technological risks, (ii) risk of defaults by third-parties on whom we are relying for products or services as part of our offering or who are the prime contractors, (iii) financial risks, including potential penalties applicable to us if performance commitments in managed services contracts are not met, the estimates inherent in projecting costs associated with such contracts, the fact that such contracts often only receive partial funding initially and may be cancellable on short notice with limited penalties, our inability to recover front-loaded capital expenditures in long-term managed services contracts, the impact of the termination of funding for a government program or the insolvency of a commercial customer, and the impact of currency fluctuations and inflation, (iv) cybersecurity risks, especially in managed services contracts with public safety and enterprise customers that process data, and (v) [removed: political or] [added: political,] regulatory [added: or litigation] risks, especially related to [removed: the] contracts with government [removed: customers, including] [added: customers (such as with] our Airwave contract in the [removed: U.K., as described below.][added: U.K.).]

In [removed: 2024,] [added: 2025,] 28% of our revenue was generated outside of North America.

In addition, 49% of our employees were employed outside of North America in [removed: 2024.][added: 2025.]

A significant amount of manufacturing and research and development of our products, as well as administrative and sales facilities, takes place outside of the U.S. If the operations in these facilities are disrupted, our business, financial condition, results of [removed: operation,] [added: operations,] and cash flows could be negatively impacted.

Because of these sizable sales and operations outside of the U.S., we have more complexity in our operations and are exposed to a unique set of global risks that could negatively impact our business, financial condition, results of operations, and cash flows, including but not limited to: (i) currency fluctuations, including but not limited to increased pressure to agree to established currency conversion rates and cost of living adjustments as a result of foreign currency fluctuations, (ii) import/export regulations, tariffs, trade barriers and trade [removed: disputes (including recent U.S. tariffs imposed or threatened to be imposed on China, Canada and Mexico and other countries and any retaliatory actions taken by such countries),] [added: disputes,] customs classifications and certifications, including but not limited to changes in classifications or errors or omissions related to such classifications and certifications, (iii) compliance with and changes in U.S. and non-U.S. laws or regulations related to antitrust and competition (such as the [removed: CMA’s Charge Control and the] EU Foreign Subsidies Regulation), anti-corruption (such as the Foreign Corrupt Practices Act and the U.K. Bribery Act), [removed: trade,] [added: trade and country of origin,] labor and employment, environmental, health and safety, technical [removed: standards,] [added: standards and product regulatory considerations,] consumer protection, intellectual [removed: property] [added: property, data privacy] and data [removed: privacy,] [added: sovereignty,] regulated services such as telecommunications, cybersecurity and AI, [added: and drones and counter-unmanned aircraft systems (UAS),] (iv) tax issues, such as tax law changes, variations in tax laws from country to country and as compared to the U.S., obligations under tax incentive agreements, and difficulties in securing local country approvals for cash repatriations, (v) reduced financial flexibility given that a significant percentage of our cash and cash equivalents is currently held outside of the U.S., (vi) challenges in collecting accounts receivable, (vii) cultural and language differences, (viii) instability in economic or political conditions, including inflation, recession, [added: government shutdowns,] the imposition of sanctions and actual or anticipated military or political conflicts and terrorism, (ix) natural disasters, (x) public health issues or outbreaks or pandemics and (xi) litigation in foreign court systems and foreign enforcement or administrative proceedings.

Further, the benefits we receive under various agreements we have entered into with non-U.S. governments and agencies [removed: relate] [added: are tied] to [removed: our] [added: the level of] operations and/or sales in such foreign jurisdictions.

We could have difficulties fulfilling our [removed: orders and] [added: orders,] our sales and profits could [removed: decline] [added: decline, or we could be liable for outsourced actions, exposing us to contractual and regulatory risks,] if: (i) we are not able to engage such third-parties with the capabilities or capacities required by our business, (ii) such third-parties lack our desired level of performance or service, lack sufficient quality control or fail to deliver quality components, products, services or software on time and at reasonable prices, (iii) there are significant changes in the financial or business condition of such third-parties, (iv) our third-party providers fail to comply with legal or regulatory requirements (such as the Uyghur Forced Labor Protection [removed: Act),] [added: Act) or fail to timely notify us of information needed for our own compliance,] (v) we have difficulties transitioning operations to such third-parties, or (vi) such third-parties are disrupted by external events, such as cyberattacks, natural [removed: disasters,] [added: disasters or extreme weather conditions,] public health issues, outbreaks or pandemics, [removed: extreme weather conditions related to climate change,] acts of terrorism or political conflicts.

We engage subcontractors, including third-party integrators, on many of our contracts and as we expand our [removed: technologies in our segments,] [added: technologies,] our use of subcontractors has and [added: we anticipate] will continue to increase.

[removed: Increasing scrutiny] [added: Evolving] and [removed: evolving] [added: sometimes conflicting] expectations from investors, customers, lawmakers, regulators and other stakeholders regarding [removed: environmental,] social and [removed: governance (“ESG”)-related practices] [added: sustainability considerations] and [removed: disclosures, as well as recent U.S. based anti-ESG efforts,] [added: disclosures] may [removed: adversely affect our reputation, adversely impact our ability to attract and retain employees or customers,] expose us to [added: potential liabilities,] increased [added: costs, reputational harm, increased] scrutiny from the investment community or enforcement authorities or otherwise adversely impact our business and results of operations.

There [removed: is increasing scrutiny and] [added: are] evolving [added: and sometimes conflicting] expectations from investors, customers, lawmakers, regulators and other stakeholders on [removed: ESG-related practices] [added: social] and [added: sustainability considerations and] disclosures, including those related to environmental stewardship, climate change, [removed: diversity, equity and inclusion ("DEI"),] [added: human capital,] forced labor, and workplace [removed: conduct.][added: conduct and the use cases of our products.]

Regulators have imposed, and [removed: likely will] [added: may] continue to impose, [removed: ESG-related] [added: social and sustainability-related] legislation, rules and guidance, which may conflict with one another and impose additional costs on us or expose us to new or additional risks, including requiring additional reporting that will expand the public's access to our programs and [removed: metrics.][added: metrics or impose changes to our manufacturing practices, operations and/or product designs.]

Our failure or perceived failure to [removed: meet or maintain ESG-related goals or otherwise respond] [added: achieve our goals, further our initiatives, adhere] to [removed: anti-ESG efforts] [added: our public statements, comply with sustainability laws and regulations, or meet evolving and varied stakeholder expectations and standards] could harm our reputation, adversely impact our ability to attract and retain employees or customers, expose us to increased scrutiny from the investment community or enforcement authorities or otherwise adversely affect our business and results of operations.

For example, the AI Act in the EU became law in August 2024, with key obligations applying in stages through August [removed: 2027, including key provisions to us applying in early 2025 and August 2026.][added: 2027.]

The AI Act [removed: will place] [added: places] significant restrictions on the use of AI for real-time “biometric identification” by law enforcement, and [removed: implement] [added: implements] significant compliance requirements on the development and use of AI for biometric identification of any kind.

Once [added: fully] implemented, the AI Act will also 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 [removed: such] laws [added: related to AI] are expected to pass around the globe, including the U.S. and Brazil, in the coming months and years.

For example, in [removed: 2024,] [added: recent years,] numerous U.S. states [removed: considered] [added: considered, and some have adopted,] legislation that would establish a comprehensive regulatory framework for the use of AI.

Our MCN sales could also be adversely affected by evolving technologies created to defeat encryption or our products’ ability to communicate in a contested environment, which could result in our MCN radios becoming less secure or effective.

For example, with our acquisition of Silvus in August 2025 and expanded defense opportunities, we now face increased competition for certain products and services from startups and defense contractors that may have certain competitive advantages.

Another area in which we face significant competition is AI.

Failure to comply with such requirements could result in liabilities, including potential enforcement actions, fines, penalties, product bans or reputational harm.

We expect to increasingly leverage AI, including generative AI, in our products and services.

AI may not always operate as intended and if we use AI that is based on data, algorithms, or other inputs that are flawed or insufficient, or if the AI assists in producing content, analyses or recommendations that are or are alleged to be deficient, inaccurate, violative of third-party intellectual property, or biased, our business, financial condition, or results of operations may be adversely affected.

Additionally, AI presents emerging ethical issues, and if our use of AI becomes controversial, we may experience reputational harm, legal liability or additional regulatory oversight.

Any failure or perceived failure of certain mission-critical products and services we develop for use in areas such as defense, public safety and unmanned systems, could result in litigation by persons alleging harm, such as injuries or loss of life, or economic damage, including property damage.

Recently, we have experienced increased costs on materials and components as a result of the dynamic global supply chain environment.

Mitigation actions that we develop going forward, such as working with our global supply base to mitigate our exposure to such risks, may not be successful in counteracting any such increased costs.

Additionally, some stakeholders may disagree with our goals, initiatives and other actions and the focus of stakeholders may evolve over time.

At the same time, the EU is considering several proposals to modify key provisions of the AI Act in order to reduce the burden on businesses, as part of its initiative for regulatory simplification.

Additionally, the EU may enact certain restrictions on the geographic location of AI solutions and domicile location of providers of AI products to customers within the EU.

With respect to cybersecurity laws and regulations, in the EU and other jurisdictions we are subject to, and expect to continue to become subject to, increasingly stringent and prescriptive cybersecurity legislation mandating the implementation of distinct cybersecurity risk management measures and obligations to demonstrate our compliance through certification or self-attestations.

Such legislation typically includes obligations for ensuring the integrity of our supply chain, including supplier-focused cybersecurity obligations.

The cybersecurity legal and regulatory environment is complex and continues to evolve across many jurisdictions.

A comprehensive U.S. federal privacy law is also in the process of being drafted by the House Privacy Working Group.

Our business with U.S. government customers depends, in part, upon our customers’ continued expenditures on programs in areas we support such as law enforcement and national security.

These expenditures have not remained constant over time, have been and in the future may be reduced in certain periods, and have been and in the future may be affected by efforts to reduce costs generally.

Our business with U.S. government customers has been negatively impacted in the past, and may continue to be negatively impacted in the future, by certain of the following factors, among others:

- Government budgetary constraints and decreases or changes in available funding;

- Budget uncertainty, government shutdowns and other potential delays or changes in appropriations or other funding authorization processes;

- Reductions in overall defense spending or a shift in expenditures away from the government customers we support;

- The political environment, changes in national and international priorities and macroeconomic conditions; and

- Changes in public perception of the accuracy of our technology and the appropriate use of our technology by government customers.

Changes to these compliance requirements could result in our inability to renew or perform under certain contracts.

While the 2025 enactment of the One Big Beautiful Bill Act (“OBBBA”) introduced several taxpayer-favorable provisions, such as the restoration of immediate expensing for qualified domestic research and experimental expenditures, it has also added complexity to the U.S. tax code.

For example, the interplay between new domestic incentives and modified international provisions, without future comprehensive administrative guidance, creates complexity with respect to our compliance with the OBBBA.

Any future guidance or interpretations of the OBBBA, or any actual or perceived noncompliance with the OBBBA by us, could result in an increase to our U.S. tax liability and a resulting adverse impact on our future operating results.

Recent policy changes by the U.S. Patent and Trademark Office related to the Patent Trial and Appeal Board’s inter partes review process could also lead to an increase in such litigation filed by NPEs.

Failure to comply with such restrictions or obligations could result in liabilities, including potential enforcement actions, fines, penalties or reputational harm, or increase the costs of doing business or delay or limit the range of new products and services we may be able to offer.

We envision a future in which AI operating in our products and services will help our public safety and enterprise customers build safer communities.

As we increasingly leverage AI, including generative AI, in our offerings, we may enable or offer products and services that draw controversy due to their actual or perceived impact on social and ethical issues resulting from the use of new and evolving AI.

AI, including generative AI, may not always operate as intended and datasets may be insufficient or contain biased, harmful or offensive information, which could negatively impact our results of operations, environmental, social and governance (ESG) reputation, business reputation or customers’ acceptance of our AI offerings.

Additionally, the energy consumption in data centers necessary to power AI systems may lead to actual or perceived environmental issues.

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

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

With respect to the financial and political or regulatory risks of such contracts, in 2023 the CMA imposed a legal order on Airwave, which implemented the Charge Control.

After the Competition Appeal Tribunal ("CAT") dismissed our appeal of the Charge Control, we appealed the CAT's judgment to the United Kingdom Court of Appeal, which denied our application for permission to appeal the CAT's judgment on January 30, 2025.

With the United Kingdom Court of Appeal's ruling, revenue will continue to be recognized in accordance with the Charge Control.

In addition, after our receipt in March 2024 of the Deferred National Shutdown Notice from the Home Office, we recorded additional backlog of $748 million to reflect the incremental three years of services related to the extension of the "national shutdown target date" on the Airwave services to December 31, 2029.

In April 2024 we filed proceedings in the U.K. High Court challenging the decision of the Home Office to issue the Deferred National Shutdown Notice as being in breach of applicable U.K. procurement and public law, and a hearing on this matter has been set to commence on April 22, 2025.

The backlog related to the incremental years of service contemplated in the Deferred National Shutdown Notice could change depending on the outcome of the proceedings.

In addition, recent "anti-ESG" sentiment has gained momentum in the U.S., with certain lawmakers and interest groups having proposed or enacted "anti-ESG" policies, legislation, or initiatives or issued related legal opinions.

Furthermore, President Trump recently issued a series of executive orders, some of which target programs related to DEI and climate change.

The Trump Administration has indicated that it will continue to scrutinize these programs.

Moreover, certain organizations that provide information to investors have developed ratings for evaluating companies on their approach to different ESG-related matters, and unfavorable ratings of us or our industries may lead to negative investor sentiment and the diversion of investment to other companies or industries.

We have elected to share publicly our ongoing ESG-related efforts in our proxy statement, Corporate Responsibility Report, TCFD Report, and on our corporate website.

Colorado became the first state to enact such a law for private sector use of AI and New York enacted a law that will regulate public sector use of AI.

With respect to cybersecurity laws and regulations, this includes the EU Directive (EU) 2022/2555 ("NIS2"), which became effective in the EU in October 2024 and is in the process of implementation by each EU Member State.

NIS2 requires us to register with national cybersecurity agencies, submit significant cybersecurity incident reports and adopt appropriate measures to minimize cybersecurity risks.

We may also become subject to new cybersecurity laws and regulations in other jurisdictions, as well as supplier-focused cybersecurity obligations.

With respect to privacy and data protection, the EU adopted the General Data Protection Regulation (“GDPR”) which took effect in 2018, harmonizing data protection laws across the EU.

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

There is continued uncertainty concerning rules related to transfers of EU and United Kingdom (“U.K.”) personal data outside of their respective jurisdictions.

For example, President Trump issued an executive order in January 2025 that requires, in relevant part, that every federal contract or grant award include a clause that requires the contractor or grant recipient to (1) agree that its compliance with all applicable federal anti-discrimination laws is material to the government’s payment decisions on such contract or grant for purposes of the False Claims Act, and (2) certify that it does not operate any programs promoting DEI that violate any applicable federal anti-discrimination laws.

The executive order increases our compliance risk through an increased risk of civil False Claims Act liability if our DEI practices are deemed to violate the federal anti-discrimination laws.

Increased focus on climate change has contributed to an evolving state of environmental regulation and uncertainty related to such regulation, as well as physical risks of climate change, could impact our business, results of operations, financial or competitive position.

Increased public awareness and worldwide focus on climate change has led to legislative and regulatory efforts to limit greenhouse gas emissions, which has resulted in and may continue to result in, more international, federal or regional requirements or industry standards to reduce or mitigate global warming.

There continues to be a lack of consistent climate legislation, which creates economic and regulatory uncertainty.

Additionally, legislative and regulatory efforts have focused on carbon taxes in certain areas where we operate.

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 need to meet criteria related to reduction of greenhouse gas emissions, the elimination of certain constituents from products and increasing energy efficiency requirements.

For example, the EU's Corporate Sustainability Reporting Directive, EU's Corporate Sustainability Due Diligence Directive and EU taxonomy initiatives will introduce, in staggered timelines, additional due diligence and disclosure requirements addressing sustainability that will apply to us in the coming years.

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

In addition, the physical risks of climate change (such as extreme weather conditions or rising sea levels) may impact the availability and cost of materials and natural resources, sources and supply of energy, product demand and manufacturing and could increase insurance and other operating costs.

This may include, potentially, costs associated with repairing damage as a result of extreme weather events or renovating or retrofitting facilities to better withstand extreme events.

Many of our facilities around the world, as well as our customers' and suppliers' operations, are in locations that may be impacted by the physical risks of climate change, and we face the risk of losses incurred as a result of physical damage to our facilities or those of our suppliers or customers such as loss or spoilage of inventory and business interruption caused by such events.

Since our 2022 tax year, the Tax Cuts and Jobs Act of 2017 has required that we capitalize and amortize our research and experimental expenditures over five or fifteen years, as applicable.

This change in law had a materially negative impact on our cash tax liability in 2024, and we expect such change to continue to impact our cash tax liability through 2026, unless the provisions are repealed or deferred by Congress.

Moreover, the validity and scope of coverage of our patents cannot be fully determined prior to litigation.

The following is a discussion and analysis of our financial position as of December 31, [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] and results of operations and cash flows for each of the three years in the period ended December 31, [removed: 2024.][added: 2025.]

[removed: We] [added: Grounded in nearly 100 years of close customer and community collaboration, we] design and advance technology for more than 100,000 [removed: public safety and enterprise] customers in over 100 countries, [removed: driven by our commitment to help make] [added: with the goal of making] everywhere safer for all.

[removed: We manage our business organizationally through two segments: “Products and Systems Integration” and “Software and Services.”] Within these segments, we have three principal product lines in which we report net sales: [removed: LMR Communications,] [added: Mission Critical Networks ("MCN"),] Video [added: Security] and [added: Access Control ("Video") and] Command Center.

[removed: The Company has] [added: We have] invested across these three technologies organically and through acquisitions to evolve [removed: its LMR] [added: our land mobile radio ("LMR")] focus and expand [removed: its] [added: our ecosystem of] safety and security products and services.

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

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

Across all three technologies, we offer [removed: on-premises, cloud-based] [added: artificial intelligence ("AI")-powered capabilities] and [removed: hybrid] software solutions, [removed: and] services such as cybersecurity subscription services and managed and support services.

[added: This collaboration is clearly illustrated in a school setting:] When a teacher presses a panic [removed: button on a phone, this] [added: button, our technologies] can automatically notify local law [removed: enforcement of an emergency,] [added: enforcement,] trigger a lockdown to secure all entries, share live video feeds with first responders and send mass notifications to key [removed: stakeholders inside and outside the school, helping schools to detect, respond and resolve safety and security threats.][added: stakeholders.]

In [removed: 2024,] [added: 2025,] the segment’s net sales were [removed: $6.9] [added: $7.3] billion, representing [removed: 64%] [added: 62%] of our consolidated net sales.

Our [removed: LMR Communications] [added: MCN] technology includes infrastructure and devices for LMR, [added: mobile ad-hoc network ("MANET") technology,] as well as devices for public safety Long Term Evolution (“LTE”) and public carrier LTE.

Our technology enables voice and multimedia collaborations across two-way radio, [removed: WiFi] [added: Wi-Fi] and public and private broadband networks.

We are a global leader in the two-way radio category, including Project 25 (P25), Terrestrial Trunked Radio [removed: ("TETRA")] [added: (TETRA)] and Digital Mobile Radio (DMR), as well as other [removed: PCR] [added: professional and commercial radio ("PCR")] solutions.

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

[removed: We also offer] [added: Additionally, through our MANET and] High Frequency (HF) and Very High Frequency (VHF) communications [removed: technology to military,] [added: technologies, we support defense,] government and [added: disaster] relief agency customers [removed: who] [added: that] require [removed: dynamic and] [added: dynamic,] mobile [added: and tactical] point-to-point voice [added: and data] communications in remote [added: or contested] environments without the need for fixed infrastructure.

We believe that public [removed: safety agencies] [added: safety, government agencies, including defense,] and enterprises continue to trust [removed: LMR] [added: mission-critical] communications systems and devices because they are purpose-built and designed for reliability, availability, security and resiliency to help keep people connected even during the most challenging conditions.

Examples include application services such as GPS location to better protect lone workers, job dispatch to assign [removed: tasks and] work orders and over-the-air programming to optimize device uptime.

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

Primary sources of revenue for this technology come from selling devices and building communications systems, including [removed: infrastructure,] the installation and integration of our infrastructure equipment within our customers’ [removed: technology environments.][added: operations.]

The [removed: LMR] [added: MCN] technology within the Products and Systems Integration segment represented [removed: 83%] [added: 84%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

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

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

Our view is that government and public safety customers are increasingly turning to video security [removed: technologies, including fixed and mobile cameras,] [added: technologies] to increase visibility, accountability and safety for communities and first responders alike.

The Video technology within the Products and Systems Integration segment represented [removed: 17%] [added: 16%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

In [removed: 2024,] [added: 2025,] the segment’s net sales were [removed: $3.9] [added: $4.4] billion, representing [removed: 36%] [added: 38%] of our consolidated net sales.

[removed: LMR Communications] [added: MCN] services include support and managed services, which offer a broad continuum of support for our customers.

Our customers’ systems often have multi-year or multi-decade lifespans that help drive demand for software upgrades, [removed: device and infrastructure refresh opportunities,] as well as additional services to monitor, manage, maintain and secure these complex networks and solutions.

Given the mission-critical nature of our customers’ operational environments, we aim to design the [removed: LMR] [added: mission-critical] networks they rely on for [added: reliability,] availability, security and resiliency.

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

The [removed: LMR] [added: MCN] technology within the Software and Services segment represented [removed: 60%] [added: 58%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

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

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

Given the growing volume of video content, we believe that [added: AI-powered] analytics are critical to delivering meaningful, action-oriented insights.

Our view is that these insights can help to proactively detect an important event in real time as well as reactively search video content to [removed: detect] [added: investigate] an important event that occurred in the past.

For example, AI-powered analytics can highlight a person at a facility out of hours (unusual activity), locate a missing child at a theme park (appearance search), [added: automate video verification workflows for building access (site protection),] flag a vehicle of interest at a school (license plate recognition), send an alert if doors to a restricted area are propped open at a hospital (access control), [removed: or] trigger a school's customized lockdown plan while simultaneously alerting first responders and sharing [added: the school's] video footage [removed: from inside the school.][added: (decision management) or redact people and objects in video evidence for investigations (digital evidence management).]

Our cloud technologies can offer organizations the ability to access, search and manage their video security [removed: intrusion and] [added: intrusion,] access [removed: control system] [added: control, mailroom and visitor management systems] from a centralized dashboard, accessible on remote devices such as smartphones and [removed: laptops.][added: laptops via web browser or mobile app.]

Additionally, our on-premises fixed video systems can be connected to the cloud, [removed: providing] [added: enabling] our customers [removed: with the ability] to securely access and manage video across their sites from a remote or central monitoring location.

Our Video services include our [removed: "video-as-a-service" subscription-based] [added: "hardware-as-a-subscription"] offerings for law enforcement, simplifying procurement by [removed: bundling hardware and software into] [added: offering cameras in] a [removed: single] [added: predictable] subscription.

[removed: For example,] [added: Our] body cameras [removed: 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 as-a-service, available [removed: as] [added: from] 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: 20%] [added: 21%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

Motorola Solutions is a global leader in mission-critical safety and security technologies for public safety, government, including defense, and enterprise customers.

Our business is focused on safety and security driven by our commitment to help create safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations.

Our ecosystem of safety and security technologies is managed through two segments: "Products and Systems Integration" and Software and Services".

We support public safety and defense agencies in their mission to help protect communities and countries.

We additionally serve our growing base of enterprise customers, including schools, hospitals, businesses and stadiums, as the criticality of safety and security becomes increasingly important.

Across these diverse sectors, our technologies facilitate the connection between those in need and those who can help, enabling the collaboration that is critical for a more proactive approach to safety and security.

This integrated workflow helps schools to detect, respond to and resolve safety and security threats faster and more effectively.

MCN

MCN

As new system releases and data security updates become available, we work with our customers to upgrade software, hardware, or both.

We also provide central monitoring services for customers who prefer a turnkey offering.

Our portfolio includes software applications and AI-powered capabilities that unify voice and data from public safety agencies, enterprises and the community, enabling a broad informational view of operations and incidents while helping to accelerate workflows and improve the accuracy, speed and trust of decisions.

Our software serves call takers, dispatchers, first responders, intelligence analysts, records and evidence specialists, detectives, crime analysts, and corrections officers.

Command Center also includes interoperability solutions, ensuring communication across LMR and broadband networks, enabling critical connectivity solutions for both public safety and enterprise customers.

We provide flexibility with both cloud-native applications for the command center and devices, as well as cloud features that augment existing on-premises applications, allowing customers to optimize technology investments and adopt a hybrid approach.

Operating margins were 24.3% in both 2025 and 2024 primarily driven by higher sales, improved gross margins and a gain related to the Hytera litigation, partially offset by higher employee incentive costs and an increase in intangible amortization expenses.

Macroeconomic Environment Update

The current global trade environment is complex and evolving.

In 2025, the U.S. initiated a series of trade actions which imposed new tariffs and increased existing tariffs on goods imported from various countries, contributing to a global trade landscape subject to evolving tariffs, import/export regulations, including restrictions around rare earth minerals, trade barriers and trade disputes.

We continue to monitor the impact of the current trade environment, including tariffs implemented under the International Emergency Economic Powers Act (IEEPA), for the impacts of policy volatility, pending judicial outcomes, and evolving geopolitical events that may impact our supply chain costs and operational efficiency.

In addition, we are observing shifting dynamics in the memory market driven by substantial demand from the AI data center sector.

As a result, we continue to observe elevated volatility and uncertainty around the global supply chain.

We engage with global suppliers across a diverse network of locations around the world.

We continue to work with our global supply base to mitigate our exposure to the risks to global reciprocal (and sectoral) tariffs, navigate import/export regulations that have developed, and which may continue to develop, and mitigate our exposure to rising costs to facilitate continued supply at levels in order to meet our current customer demand.

As a result of the dynamic global supply chain environment, we have experienced increased costs on materials and components, which we have substantially mitigated during 2025 and for which we expect to continue to develop mitigation actions going forward.

We continue to see demand for our products and services supported by a multitude of funding sources.

In July 2025, the “One Big Beautiful Bill Act” (“OBBBA”) was enacted into law by the President of the United States, which provided a number of changes including funding over the next four years for border security, national security and other opportunities.

We expect OBBBA to provide an additional source of funding to our federal government customers over the four-year period available through OBBBA.

| Software and Services | | | Video Security and Access Control | | | Blue Eye | | | Provider of AI-powered enterprise remote video monitoring ("RVM") services. | | | $79 million and share-based compensation of $1 million | | | November 18, 2025 | | |

| Products and Systems Integration & Software and Services | | | Mission Critical Networks | | | Silvus | | | Designer and developer of software-defined high-speed MANET technology. | | | $4.4 billion and share-based compensation of $20 million | | | August 6, 2025 | | |

| Software and Services | | | Command Center | | | Theatro | | | Creator of AI and voice-powered communication and digital workflow software for frontline workers. | | | $174 million and share-based compensation of $5 million | | | March 6, 2025 | | |

| Software and Services | | | Command Center | | | RapidDeploy | | | Provider of cloud-native 911 solutions. | | | $240 million and share-based compensation of $6 million | | | February 21, 2025 | | |

We expect continued growth opportunities spanning public safety, government, including defense, and enterprise industries, driven by investments, including acquisitions, in our integrated ecosystem of MCN, Video and Command Center technologies.

We believe uniting these safety and security technologies into a tightly integrated workflow enables better outcomes and drives long-term growth.

We expect customers will increasingly turn to these integrated solutions to modernize operations and bridge data silos, streamlining workflows to enhance productivity, speed and safety.

As global threats and large-scale incidents rise, we believe our foundational communications backbone provides the scale, security and reliability that our customers depend on.

Grounded in our mission-critical communications expertise, we enable the connectivity platform and services that integrate LMR, broadband and MANET that allows customers to operationalize intelligence across diverse environments, underscoring the necessity for secure, resilient networks.

We further expect our investments in our intelligent network footprint will position us well within the defense sector as global investments in drones, unmanned systems and resilient tactical networks rise.

Our SVX body-worn assistant exemplifies this strategy by converging secure voice, video and AI into a single device to offer a highly differentiated solution.

Additionally, we anticipate increasing demand for scalable, cloud-based access control and multi-factor authentication as facilities seek real time, centralized monitoring capabilities to enhance site security.

Motorola Solutions' business is safety and security.

Every day we work to deliver on our commitment of helping to create safer communities, safer schools, safer hospitals and safer businesses.

Our work as a global leader in public safety and enterprise security is grounded in nearly 100 years of close customer and community collaboration.

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

LMR Communications

LMR Communications

These individuals include call takers who answer and triage 911 calls; dispatchers who route calls to police, fire and emergency medical services to manage the response; first responders who support on scene; intelligence analysts who support the incident; records and evidence specialists who preserve information and evidence; detectives who manage cases; crime analysts who identify patterns and accelerate investigations; and corrections officers who oversee jail and inmate management.

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 enterprises and communities can communicate and collaborate directly with public safety agencies, particularly during emergencies.

Our Command Center portfolio offers solutions that are designed to help community members, enterprises and public safety agencies work together and share information in an effort to help prevent critical events from escalating and better inform an emergency response when an incident unfolds.

Our Command Center software is designed to support an emergency response.

In the 911 communications center, we offer call taking and management software (including multimedia communication capabilities and AI-powered call transcription and language translation) and voice and computer-aided dispatch software to assign first responders to incidents.

For emergency management teams, we offer mass notification and alerting (including panic button mobile applications) and incident collaboration software that aids in coordinating a multi-disciplinary response.

In the field, we offer mobile applications that help first responders to collaborate with each other, remain connected to the information they need, manage an incident, capture critical information to support investigations, and remotely file reports.

For information and support services teams, we offer integrated records and evidence management software, as well as solutions for managing tips and publishing crime maps to aid community engagement.

For intelligence and investigations teams, we offer software that can unify voice, video and data in order to increase situational awareness from a single map-based view during a real-time incident response, and investigative tools to help uncover connections across records to generate leads and help close cases.

For enterprises, we provide incident management and business resilience solutions that help secure people and facilities, as well as share information with public safety when an incident necessitates it.

Another area of public safety evolution is 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.

The NG infrastructure is an Emergency Service IP Network ("ESInet"), which can carry voice, data and multimedia.

ESInet enables 911 call takers at public safety answering points to respond to text, video and data.

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

Command Center also includes interoperability solutions that provide connectivity across LMR and broadband networks to help ensure that communication is not limited by coverage area, network technology or device type.

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.

For example, a two-way radio network can connect with an LTE network, assisting individuals in communicating securely and more easily across technologies.

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

Finally, as the Command Center market continues to evolve from on-premises to hybrid and cloud technologies to improve their operations, we offer both cloud-native applications and cloud features that enhance on-premises applications.

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

Additionally, we repurchased the $1.0 billion aggregate principal amount of the 1.75% senior convertible notes issued to Silver Lake Partners and scheduled to mature in 2024 ("the Silver Lake Convertible Debt"), for $1.59 billion in cash, inclusive of the conversion premium.

U.K. Home Office Update

In October 2021, the Competition and Markets Authority ("CMA") opened a market investigation into the Mobile Radio Network Services market.

This investigation included Airwave, our private mobile radio communications network that we acquired in 2016.

Airwave provides mission-critical voice and data communications to emergency services and other agencies in Great Britain.

In 2023, the CMA imposed a legal order on Airwave which implemented a prospective price control on Airwave (the "Charge Control").

After the Competition Appeal Tribunal ("CAT") dismissed our appeal of the CMA's final decision, we appealed the CAT's judgment to the United Kingdom Court of Appeal.

On January 30, 2025, the United Kingdom Court of Appeal denied our application for permission to appeal the CAT's judgment.

Since August 1, 2023, revenue under the Airwave contract has been, and will continue to be, recognized in accordance with the Charge Control.

On March 13, 2024, we received a notice of contract extension (the “Deferred National Shutdown Notice”) from the Home Office of the United Kingdom (the "Home Office").

The Deferred National Shutdown Notice extends the “national shutdown target date” of the Airwave service from December 31, 2026 to December 31, 2029, at the Charge Control rates.

Our backlog for Airwave services contracted with the Home Office through December 31, 2026 was previously reduced by $777 million to align with the Charge Control.

In 2024, as a result of the Home Office's notice of a contract extension pursuant to their Deferred National Shutdown Notice, we recorded additional backlog of $748 million to reflect the incremental three years of services.

On April 11, 2024, we filed proceedings in the U.K. High Court challenging the decision of the Home Office to issue the Deferred National Shutdown Notice as being in breach of applicable U.K. procurement and public law.

As of December 31, [removed: 2024,] [added: 2025,] we had [removed: $6.0] [added: $8.4] billion of long-term debt, [removed: 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: 2024] [added: 2025] would have increased the fair value of our debt by approximately [removed: $174] [added: $202] million at December 31, [removed: 2024.][added: 2025.]

We had outstanding foreign exchange contracts with notional values totaling [removed: $1.0] [added: $1.6] billion and [removed: $1.3] [added: $1.0] billion at the end of December 31, [removed: 2024] [added: 2025] and December 31, [removed: 2023,] [added: 2024,] 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: 2024] [added: 2025] and the corresponding positions as of December 31, [removed: 2023:][added: 2024:]

| *Net Buy (Sell) by Currency* | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | |

| Euro | | | [removed: $] [added: 191] | [removed: 150] | | | | | [removed: $] [added: 150] | [removed: 322] | |

| Australian dollar | | | [removed: (136)] [added: (160)] | | | | | | [removed: (140)] [added: (136)] | | |

| British pound | | | [removed: 124] [added: $] | [added: 301] | | | | | [removed: 252] [added: $] | [added: 124] | |

| Canadian dollar | | | [removed: 70] [added: 115] | | | | | | [removed: 76] [added: 70] | | |

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: 2024] [added: 2025] would reduce the value of those monetary assets and liabilities by approximately [removed: $59] [added: $89] million.

| Danish krone | | | 58 | | | | | | 23 | | |

| Chinese renminbi | | | (48) | | | | | | (66) | | |

[removed: We] [added: Grounded in nearly 100 years of close customer and community collaboration, we] design and advance technology for more than 100,000 [removed: public safety and enterprise] customers in over 100 [removed: countries, driven by our commitment to help make] [added: countries with the goal of making] everywhere safer for all.

Across all three technologies, we offer [removed: on-premises, cloud-based] [added: artificial intelligence ("AI")-powered capabilities] and [removed: hybrid] software solutions, [removed: and] services such as cybersecurity subscription services and managed and support services.

We [removed: support police, fire and other emergency responders to help protect communities, while] [added: additionally serve] our [added: growing] base of enterprise customers, including schools, hospitals, businesses and stadiums, [removed: continues to grow] as the criticality of safety and security becomes increasingly important.

[removed: As a provider to both public safety and enterprises,] [added: Across these diverse sectors,] our technologies [removed: can connect] [added: facilitate the connection between] those in need [removed: with] [added: and] those who can help, enabling the collaboration that is critical for a more proactive approach to safety and security.

We manage our business [removed: organizationally] through two segments: “Products and Systems Integration” and “Software and Services.” Within these segments, we [removed: have] [added: report net sales across] three principal product [removed: lines in which we report net sales:][added: lines:]

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

- Video: Cameras (fixed, body-worn, in-vehicle), access control, sensors, infrastructure, video management, [added: video monitoring,] software and [removed: artificial intelligence ("AI")-powered] [added: AI-powered] analytics that [removed: help] enable visibility [added: of events] and [removed: bring] [added: focus] attention [added: on what's important,] to [removed: what’s important;] [added: inform faster] and [added: more accurate decisions and actions; and]

- Command Center: Command center [removed: solutions and] [added: solutions,] software applications [added: and AI-powered capabilities,] that unify [removed: voice, video, data] [added: voice] and [removed: analytics] [added: data] from public safety agencies, enterprises and the [removed: community to create] [added: community, enabling] a broad informational view [added: of operations and incidents while helping] to [removed: help simplify] [added: accelerate] workflows and improve the [removed: accuracy and] [added: accuracy,] speed [added: and trust] of decisions.

[removed: The Company has] [added: We have] invested across these three technologies organically and through acquisitions to evolve [removed: its LMR] [added: our land mobile radio ("LMR")] focus and expand [removed: its] [added: our ecosystem of] safety and security products and services.

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

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

[added: This collaboration is clearly illustrated in a school setting:] When a teacher presses a panic [removed: button on a phone, this] [added: button, our technologies] can automatically notify local law [removed: enforcement of an emergency,] [added: enforcement,] trigger a lockdown to secure all entries, share live video feeds with first responders and send mass notifications to key [removed: stakeholders inside and outside the school, helping schools to detect, respond and resolve safety and security threats.][added: stakeholders.]

In [removed: 2024,] [added: 2025,] the segment’s net sales were [removed: $6.9] [added: $7.3] billion, representing [removed: 64%] [added: 62%] of our consolidated net sales.

Our [removed: LMR Communications] [added: MCN] technology includes infrastructure and devices for LMR, [added: MANET,] as well as devices for public safety Long Term Evolution (“LTE”) and public carrier LTE.

Our technology enables voice and multimedia collaborations across two-way radio, [removed: WiFi] [added: Wi-Fi] and public and private broadband networks.

We are a global leader in the two-way radio category, including Project 25 (P25), Terrestrial Trunked Radio [removed: (“TETRA”)] [added: (TETRA)] and Digital Mobile Radio (DMR), as well as other PCR solutions.

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

[removed: We also offer] [added: Additionally, through our MANET and] High Frequency (HF) and Very High Frequency (VHF) communications [removed: technology to military,] [added: technologies, we support defense,] government and [added: disaster] relief agency customers [removed: who] [added: that] require [removed: dynamic and] [added: dynamic,] mobile [added: and tactical] point-to-point voice [added: and data] communications in remote [added: or contested] environments without the need for fixed infrastructure.

We believe that public [removed: safety agencies] [added: safety, government agencies, including defense,] and enterprises continue to trust [removed: LMR] [added: mission-critical] communications systems and devices because they are purpose-built and designed for reliability, availability, security and resiliency to help keep people connected even during the most challenging conditions.

Examples include application services such as GPS location to better protect lone workers, job dispatch to assign [removed: tasks and] work orders and over-the-air programming to optimize device uptime.

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

Primary sources of revenue for this technology come from selling devices and building communications systems, including the installation and integration of our infrastructure equipment within our customers’ [removed: technology environments.][added: operations.]

The [removed: LMR] [added: MCN] technology within the Products and Systems Integration segment represented [removed: 83%] [added: 84%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

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

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

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

Our view is that government and public safety customers are increasingly turning to video security [removed: technologies, including fixed and mobile cameras,] [added: technologies] to increase visibility, accountability and safety for communities and first responders alike.

The Video technology within the Products and Systems Integration segment represented [removed: 17%] [added: 16%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

In [removed: 2024,] [added: 2025,] the segment’s net sales were [removed: $3.9] [added: $4.4] billion, representing [removed: 36%] [added: 38%] of our consolidated net sales.

[removed: LMR Communications] [added: MCN] services include support and managed services, which offer a broad continuum of support for our customers.

Our customers’ systems often have multi-year or multi-decade lifespans that help drive demand for software upgrades, [removed: device and infrastructure refresh opportunities,] as well as additional services to monitor, manage, maintain and secure these complex networks and solutions.

Given the mission-critical nature of our customers’ operational environments, we aim to design the [removed: LMR] [added: mission-critical] networks they rely on for [added: reliability,] availability, security and resiliency.

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

The [removed: LMR] [added: MCN] technology within the Software and Services segment represented [removed: 60%] [added: 58%] of the net sales of the total segment in [removed: 2024.][added: 2025.]

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

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

Given the growing volume of video content, we believe that [added: AI-powered] analytics are critical to delivering meaningful, action-oriented insights.

Our view is that these insights can help to proactively detect an important event in real time as well as reactively search video content to [removed: detect] [added: investigate] an important event that occurred in the past.

For example, AI-powered analytics can highlight a person at a facility out of hours (unusual activity), locate a missing child at a theme park (appearance search), [added: automate video verification workflows for building access (site protection),] flag a vehicle of interest at a school (license plate recognition), send an alert if doors to a restricted area are propped open at a hospital (access control), [removed: or] trigger a school's customized lockdown plan while simultaneously alerting first responders and sharing [added: the school's] video footage [removed: from inside the school.][added: (decision management) or redact people and objects in video evidence for investigations (digital evidence management).]

Our cloud technologies can offer organizations the ability to access, search and manage their video security, [removed: intrusion and] [added: intrusion,] access [removed: control system] [added: control, and mailroom and visitor management systems] from a centralized dashboard, accessible on remote devices such as smartphones and [removed: laptops.][added: laptops via web browser or mobile app.]

Motorola Solutions is a global leader in mission-critical safety and security technologies for public safety, government, including defense, and enterprise customers.

Our business is focused on safety and security, driven by our commitment to help create safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations.

Our ecosystem of safety and security technologies includes Mission Critical Networks ("MCN"), Video Security and Access Control ("Video") and Command Center.

We support public safety and defense agencies in their mission to protect communities and countries.

This integrated workflow helps schools to detect, respond to and resolve safety and security threats faster and more effectively.

MCN includes installation and integration, backed by managed and support services, to help assure mission-critical communications availability, security and resiliency;

Following the acquisition of Silvus Technologies Holdings Inc. (“Silvus”) in August 2025, we renamed our "Land Mobile Radio Communications" technology to "Mission Critical Networks." We combined our legacy Land Mobile Radio portfolio with the newly acquired Silvus and now report net sales under MCN.

This name change does not require any financial information to be reclassified from previous periods.

MCN

MCN

As new system releases and data security updates become available, we work with our customers to upgrade software, hardware, or both.

We also provide central monitoring services for customers who prefer a turnkey offering.

Our portfolio includes software applications and AI-powered capabilities that unify voice and data from public safety agencies, enterprises and the community, enabling a broad informational view of operations and incidents while helping to accelerate workflows and improve the accuracy, speed and trust of decisions.

Our software serves call takers, dispatchers, first responders, intelligence analysts, records and evidence specialists, detectives, crime analysts, and corrections officers.

Command Center also includes interoperability solutions, ensuring communication across LMR and broadband networks, enabling critical connectivity solutions for both public safety and enterprise customers.

We provide flexibility with both cloud-native applications for the command center and devices, as well as cloud features that augment existing on-premises applications, allowing customers to optimize technology investments and adopt a hybrid approach.

| | | | $ | 15,742 | | | | | $ | 14,697 | |

Approximately $4.8 billion of backlog is expected to be recognized as revenue during 2026.

| Software and Services | | | Video Security and Access Control | | | Blue Eye | | | Provider of AI-powered enterprise remote video monitoring ("RVM") services. | | | $79 million and share-based compensation of $1 million | | | November 18, 2025 | | |

| Products and Systems Integration & Software and Services | | | Mission Critical Networks | | | Silvus Technologies | | | Designer and developer of software-defined high-speed MANET technology. | | | $4.4 billion and share-based compensation of $20 million | | | August 6, 2025 | | |

| Software and Services | | | Command Center | | | Theatro | | | Creator of AI and voice-powered communication and digital workflow software for frontline workers. | | | $174 million and share-based compensation of $5 million | | | March 6, 2025 | | |

| Software and Services | | | Command Center | | | RapidDeploy | | | Provider of cloud-native 911 solutions. | | | $240 million and share-based compensation of $6 million | | | February 21, 2025 | | |

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As of December 31, 2025, we had approximately 40% of our employees engaged in R&D and engineering globally, with principal facilities in the United States, Poland and Malaysia.

In addition, we import products, materials and components that are subject to import duties, and various trade actions affecting these imported products could have a negative impact on our results of operations.

In 2025, the U.S. initiated a series of trade actions that imposed new tariffs and increased existing tariffs on goods imported from various countries, contributing to higher import duties applicable to us in 2025.

We are intensely focused on investing in our employees' growth, offering structured mentorship, rotational programs and a wide array of technical and professional development resources.

These opportunities empower our teams to network, build critical skills and actively influence the future of public safety, defense and enterprise security.

This is complemented by specialized training that enables these leaders to use our corporate values to guide behaviors and lead teams effectively.

Motorola Solutions' business is safety and security.

Every day we work to deliver on our commitment of helping to create safer communities, safer schools, safer hospitals and safer businesses.

Our work as a global leader in public safety and enterprise security is grounded in nearly 100 years of close customer and community collaboration.

We are building and connecting an ecosystem of safety and security technologies to help protect people, property and places, which includes Land Mobile Radio Communications ("LMR" or "LMR Communications"), Video Security and Access Control ("Video") and Command Center.

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

LMR Communications

LMR Communications

These individuals include call takers who answer and triage 911 calls; dispatchers who route calls to police, fire and emergency medical services to manage the response; first responders who support on scene; intelligence analysts who support the incident; records and evidence specialists who preserve information and evidence; detectives who manage cases; crime analysts who identify patterns and accelerate investigations; and corrections officers who oversee jail and inmate management.

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 enterprises and communities can communicate and collaborate directly with public safety agencies, particularly during emergencies.

Our Command Center portfolio offers solutions that are designed to help community members, enterprises and public safety agencies work together and share information in an effort to help prevent critical events from escalating and better inform an emergency response when an incident unfolds.

Our Command Center software is designed to support an emergency response.

In the 911 communications center, we offer call-taking and management software (including multimedia communication capabilities and AI-powered call transcription and language translation), and voice and computer-aided dispatch software to assign first responders to incidents.

For emergency management teams, we offer mass notification and alerting (including panic button mobile applications), and incident collaboration software that aids in coordinating a multi-disciplinary response.

In the field, we offer mobile applications that help first responders to collaborate with each other, remain connected to the information they need, manage an incident, capture critical information to support investigations, and remotely file reports.

For information and support services teams, we offer integrated records and evidence management software, as well as solutions for managing tips and publishing crime maps to aid community engagement.

For intelligence and investigations teams, we offer software that can unify voice, video and data in order to increase situational awareness from a single map-based view during a real-time incident response, and investigative tools to help uncover connections across records to generate leads and help close cases.

For enterprises, we provide incident management and business resilience solutions that help secure people and facilities, as well as share information with public safety when an incident necessitates it.

Another area of public safety evolution is 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.

The NG infrastructure is an Emergency Service IP Network ("ESInet"), which can carry voice, data and multimedia.

ESInet enables 911 call takers at public safety answering points to respond to text, video and data.

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

Command Center also includes interoperability solutions that provide connectivity across LMR and broadband networks to help ensure that communication is not limited by coverage area, network technology or device type.

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.

For example, a two-way radio network can connect with an LTE network, assisting individuals in communicating securely and more easily across technologies.

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

Finally, as the Command Center market continues to evolve from on-premises to hybrid and cloud technologies to improve their operations, we offer both cloud-native applications and cloud features that enhance on-premises applications.

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

Item 1A.

| | | | $ | 14,697 | | | | | $ | 14,259 | |

Approximately 57% of the Products and Systems Integration segment backlog and 24% of the Software and Services segment backlog is expected to be recognized as revenue during 2025.

In 2023, our backlog in the Software and Services segment for Airwave services contracted with the Home Office through December 31, 2026 was reduced by $777 million to align with the legal order imposed by the Competition and Markets Authority ("CMA") which implemented a prospective price control on Airwave (the "Charge Control").

In 2024, as a result of the Home Office's notice of a contract extension (the "Deferred National Shutdown Notice"), we recorded additional backlog of $748 million to reflect an incremental three years of services extending through December 31, 2029.

Subsequently, we filed an action with the U.K. High Court challenging the Deferred National Shutdown Notice as being in breach of U.K. procurement and public law.

The trial in this matter is currently set to commence on April 22, 2025.

The backlog related to the incremental years of service contemplated in the Deferred National Shutdown Notice could change depending on the outcome of proceedings.

Refer to "Part 1.

Risk Factors" of this Form 10-K for a discussion of the risks and uncertainties associated with our Airwave contract with the U.K.

| Software and Services | | | Command Center | | | Rave Mobile | | | Provider of mass notification and incident management services. | | | $553 million and share-based compensation of $2 million | | | December 14, 2022 | | |

| Products and Systems Integration | | | LMR Communications | | | Futurecom | | | Provider of radio coverage extension solutions. | | | $30 million | | | October 25, 2022 | | |

| Products and Systems Integration | | | LMR Communications | | | Barrett Communications | | | Provider of specialized radio communications. | | | $18 million | | | August 8, 2022 | | |

For the fiscal year ended December 31, [removed: 2024][added: 2025]

The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant as of June [removed: 28, 2024] [added: 27, 2025] (the last business day of the registrant’s most recently completed second quarter) was approximately [removed: $56.3] [added: $61.0] billion.

The number of shares of the registrant’s Common Stock, $.01 par value per share, outstanding as of February [removed: 7, 2025] [added: 6, 2026] was [removed: 166,936,952.][added: 165,658,912.]

Portions of the registrant’s definitive Proxy Statement to be delivered to stockholders in connection with its [removed: 2025] [added: 2026] Annual Meeting of Shareholders (the "Proxy Statement"), to be filed within 120 days of the end of the fiscal year ended December 31, [removed: 2024,] [added: 2025,] are incorporated by reference into Part III of this Annual Report on Form 10-K (this "Form 10-K").

| TABLE OF CONTENTS | | | | | | [added: |]

| | | | Page | | | [added: |]

| [Item 1. [removed: Business](#ifacc497540524f7e824d518b5fa71b3e_16)] [added: Business](#idec5532e97ed434ca302f2d5cfb0ff42_16)] | | | [removed: [4](#ifacc497540524f7e824d518b5fa71b3e_16)] [added: [4](#idec5532e97ed434ca302f2d5cfb0ff42_16)] | | | [added: |]

| [Business [removed: Organization](#ifacc497540524f7e824d518b5fa71b3e_22)] [added: Organization](#idec5532e97ed434ca302f2d5cfb0ff42_22)] | | | [removed: [4](#ifacc497540524f7e824d518b5fa71b3e_22)] [added: [4](#idec5532e97ed434ca302f2d5cfb0ff42_22)] | | | [added: |]

| [removed: [Customers] [added: [Our Customers] and [removed: Contracts](#ifacc497540524f7e824d518b5fa71b3e_25)] [added: Contracts](#idec5532e97ed434ca302f2d5cfb0ff42_25)] | | | [removed: [7](#ifacc497540524f7e824d518b5fa71b3e_25)] [added: [6](#idec5532e97ed434ca302f2d5cfb0ff42_25)] | | | [added: |]

| [Other [removed: Information](#ifacc497540524f7e824d518b5fa71b3e_34)] [added: Information](#idec5532e97ed434ca302f2d5cfb0ff42_34)] | | | [removed: [7](#ifacc497540524f7e824d518b5fa71b3e_34)] [added: [8](#idec5532e97ed434ca302f2d5cfb0ff42_34)] | | | [added: |]

| [Research and [removed: Development](#ifacc497540524f7e824d518b5fa71b3e_46)] [added: Development](#idec5532e97ed434ca302f2d5cfb0ff42_46)] | | | [removed: [10](#ifacc497540524f7e824d518b5fa71b3e_46)] [added: [9](#idec5532e97ed434ca302f2d5cfb0ff42_46)] | | | [added: |]

| [Intellectual Property [removed: Matters](#ifacc497540524f7e824d518b5fa71b3e_49)] [added: Matters](#idec5532e97ed434ca302f2d5cfb0ff42_49)] | | | [removed: [10](#ifacc497540524f7e824d518b5fa71b3e_49)] [added: [9](#idec5532e97ed434ca302f2d5cfb0ff42_49)] | | | [added: |]

| [Inventory and Raw [removed: Materials](#ifacc497540524f7e824d518b5fa71b3e_52)] [added: Materials](#idec5532e97ed434ca302f2d5cfb0ff42_52)] | | | [removed: [10](#ifacc497540524f7e824d518b5fa71b3e_52)] [added: [9](#idec5532e97ed434ca302f2d5cfb0ff42_52)] | | | [added: |]

| [Government [removed: Regulations](#ifacc497540524f7e824d518b5fa71b3e_55)] [added: Regulations](#idec5532e97ed434ca302f2d5cfb0ff42_55)] | | | [removed: [11](#ifacc497540524f7e824d518b5fa71b3e_55)] [added: [10](#idec5532e97ed434ca302f2d5cfb0ff42_55)] | | | [added: |]

| [Human Capital [removed: Management](#ifacc497540524f7e824d518b5fa71b3e_58)] [added: Management](#idec5532e97ed434ca302f2d5cfb0ff42_58)] | | | [removed: [12](#ifacc497540524f7e824d518b5fa71b3e_58)] [added: [11](#idec5532e97ed434ca302f2d5cfb0ff42_58)] | | | [added: |]

| [Material [removed: Dispositions](#ifacc497540524f7e824d518b5fa71b3e_61)] [added: Dispositions](#idec5532e97ed434ca302f2d5cfb0ff42_61)] | | | [removed: [12](#ifacc497540524f7e824d518b5fa71b3e_61)] [added: [11](#idec5532e97ed434ca302f2d5cfb0ff42_61)] | | | [added: |]

| [Available [removed: Information](#ifacc497540524f7e824d518b5fa71b3e_64)] [added: Information](#idec5532e97ed434ca302f2d5cfb0ff42_64)] | | | [removed: [13](#ifacc497540524f7e824d518b5fa71b3e_64)] [added: [12](#idec5532e97ed434ca302f2d5cfb0ff42_64)] | | | [added: |]

| [Item 1A. Risk [removed: Factors](#ifacc497540524f7e824d518b5fa71b3e_67)] [added: Factors](#idec5532e97ed434ca302f2d5cfb0ff42_67)] | | | [removed: [14](#ifacc497540524f7e824d518b5fa71b3e_67)] [added: [13](#idec5532e97ed434ca302f2d5cfb0ff42_67)] | | | [added: |]

| [Item 1B. Unresolved Staff [removed: Comments](#ifacc497540524f7e824d518b5fa71b3e_70)] [added: Comments](#idec5532e97ed434ca302f2d5cfb0ff42_70)] | | | [removed: [26](#ifacc497540524f7e824d518b5fa71b3e_70)] [added: [26](#idec5532e97ed434ca302f2d5cfb0ff42_70)] | | | [added: |]

| [Item 1C. [removed: Cybersecurity](#ifacc497540524f7e824d518b5fa71b3e_73)] [added: Cybersecurity](#idec5532e97ed434ca302f2d5cfb0ff42_73)] | | | [removed: [26](#ifacc497540524f7e824d518b5fa71b3e_73)] [added: [26](#idec5532e97ed434ca302f2d5cfb0ff42_73)] | | | [added: |]

| [Item 2. [removed: Properties](#ifacc497540524f7e824d518b5fa71b3e_76)] [added: Properties](#idec5532e97ed434ca302f2d5cfb0ff42_76)] | | | [removed: [28](#ifacc497540524f7e824d518b5fa71b3e_76)] [added: [28](#idec5532e97ed434ca302f2d5cfb0ff42_76)] | | | [added: |]

| [Item 3. Legal [removed: Proceedings](#ifacc497540524f7e824d518b5fa71b3e_79)] [added: Proceedings](#idec5532e97ed434ca302f2d5cfb0ff42_79)] | | | [removed: [28](#ifacc497540524f7e824d518b5fa71b3e_79)] [added: [28](#idec5532e97ed434ca302f2d5cfb0ff42_79)] | | | [added: |]

| [Item 4. Mine Safety [removed: Disclosures](#ifacc497540524f7e824d518b5fa71b3e_82)] [added: Disclosures](#idec5532e97ed434ca302f2d5cfb0ff42_82)] | | | [removed: [28](#ifacc497540524f7e824d518b5fa71b3e_82)] [added: [28](#idec5532e97ed434ca302f2d5cfb0ff42_82)] | | | [added: |]

| [Information about our Executive [removed: Officers](#ifacc497540524f7e824d518b5fa71b3e_85)] [added: Officers](#idec5532e97ed434ca302f2d5cfb0ff42_85)] | | | [removed: [29](#ifacc497540524f7e824d518b5fa71b3e_85)] [added: [29](#idec5532e97ed434ca302f2d5cfb0ff42_85)] | | | [added: |]

| [Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#ifacc497540524f7e824d518b5fa71b3e_91)] [added: Securities](#idec5532e97ed434ca302f2d5cfb0ff42_91)] | | | [removed: [30](#ifacc497540524f7e824d518b5fa71b3e_91)] [added: [30](#idec5532e97ed434ca302f2d5cfb0ff42_91)] | | | [added: |]

| [Item [removed: 6.](#ifacc497540524f7e824d518b5fa71b3e_94) [\[](#ifacc497540524f7e824d518b5fa71b3e_94)Reserved\]] [added: 6. \[Reserved\]](#idec5532e97ed434ca302f2d5cfb0ff42_94)] | | | [removed: [32](#ifacc497540524f7e824d518b5fa71b3e_94)] [added: [32](#idec5532e97ed434ca302f2d5cfb0ff42_94)] | | | [added: |]

| [Item 7. Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#ifacc497540524f7e824d518b5fa71b3e_97)] [added: Operations](#idec5532e97ed434ca302f2d5cfb0ff42_97)] | | | [removed: [33](#ifacc497540524f7e824d518b5fa71b3e_97)] [added: [33](#idec5532e97ed434ca302f2d5cfb0ff42_97)] | | | [added: |]

| [Item 7A. Quantitative and Qualitative Disclosures About Market [removed: Risk](#ifacc497540524f7e824d518b5fa71b3e_127)] [added: Risk](#idec5532e97ed434ca302f2d5cfb0ff42_127)] | | | [removed: [55](#ifacc497540524f7e824d518b5fa71b3e_127)] [added: [53](#idec5532e97ed434ca302f2d5cfb0ff42_127)] | | | [added: |]

| [Item 8. Financial Statements and Supplementary [removed: Data](#ifacc497540524f7e824d518b5fa71b3e_130)] [added: Data](#idec5532e97ed434ca302f2d5cfb0ff42_130)] | | | [removed: [56](#ifacc497540524f7e824d518b5fa71b3e_130)] [added: [54](#idec5532e97ed434ca302f2d5cfb0ff42_130)] | | | [added: |]

| [Item 9. Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#ifacc497540524f7e824d518b5fa71b3e_235)] [added: Disclosure](#idec5532e97ed434ca302f2d5cfb0ff42_235)] | | | [removed: [105](#ifacc497540524f7e824d518b5fa71b3e_235)] [added: [105](#idec5532e97ed434ca302f2d5cfb0ff42_235)] | | | [added: |]

| [Item 9A. Controls and [removed: Procedures](#ifacc497540524f7e824d518b5fa71b3e_238)] [added: Procedures](#idec5532e97ed434ca302f2d5cfb0ff42_238)] | | | [removed: [105](#ifacc497540524f7e824d518b5fa71b3e_238)] [added: [105](#idec5532e97ed434ca302f2d5cfb0ff42_238)] | | | [added: |]

| [Item 9B. Other [removed: Information](#ifacc497540524f7e824d518b5fa71b3e_241)] [added: Information](#idec5532e97ed434ca302f2d5cfb0ff42_241)] | | | [removed: [105](#ifacc497540524f7e824d518b5fa71b3e_241)] [added: [105](#idec5532e97ed434ca302f2d5cfb0ff42_241)] | | | [added: |]

| [Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#ifacc497540524f7e824d518b5fa71b3e_244)] [added: Inspections](#idec5532e97ed434ca302f2d5cfb0ff42_244)] | | | [removed: [105](#ifacc497540524f7e824d518b5fa71b3e_244)] [added: [105](#idec5532e97ed434ca302f2d5cfb0ff42_244)] | | | [added: |]

| [PART [removed: III](#ifacc497540524f7e824d518b5fa71b3e_247)] [added: III](#idec5532e97ed434ca302f2d5cfb0ff42_247)] | | | [removed: [106](#ifacc497540524f7e824d518b5fa71b3e_247)] [added: [106](#idec5532e97ed434ca302f2d5cfb0ff42_247)] | | | [added: |]

| [Item 10. Directors, Executive Officers and Corporate [removed: Governance](#ifacc497540524f7e824d518b5fa71b3e_250)] [added: Governance](#idec5532e97ed434ca302f2d5cfb0ff42_250)] | | | [removed: [106](#ifacc497540524f7e824d518b5fa71b3e_250)] [added: [106](#idec5532e97ed434ca302f2d5cfb0ff42_250)] | | | [added: |]

| [Item 11. Executive [removed: Compensation](#ifacc497540524f7e824d518b5fa71b3e_253)] [added: Compensation](#idec5532e97ed434ca302f2d5cfb0ff42_253)] | | | [removed: [106](#ifacc497540524f7e824d518b5fa71b3e_253)] [added: [106](#idec5532e97ed434ca302f2d5cfb0ff42_253)] | | | [added: |]

| [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#ifacc497540524f7e824d518b5fa71b3e_256)] [added: Matters](#idec5532e97ed434ca302f2d5cfb0ff42_256)] | | | [removed: [106](#ifacc497540524f7e824d518b5fa71b3e_256)] [added: [106](#idec5532e97ed434ca302f2d5cfb0ff42_256)] | | | [added: |]

| [Item 13. Certain Relationships and Related Transactions, and Director [removed: Independence](#ifacc497540524f7e824d518b5fa71b3e_259)] [added: Independence](#idec5532e97ed434ca302f2d5cfb0ff42_259)] | | | [removed: [106](#ifacc497540524f7e824d518b5fa71b3e_259)] [added: [106](#idec5532e97ed434ca302f2d5cfb0ff42_259)] | | | [added: |]

| [Item 14. Principal Accounting Fees and [removed: Services](#ifacc497540524f7e824d518b5fa71b3e_262)] [added: Services](#idec5532e97ed434ca302f2d5cfb0ff42_262)] | | | [removed: [106](#ifacc497540524f7e824d518b5fa71b3e_262)] [added: [106](#idec5532e97ed434ca302f2d5cfb0ff42_262)] | | | [added: |]

| [PART [removed: IV](#ifacc497540524f7e824d518b5fa71b3e_265)] [added: IV](#idec5532e97ed434ca302f2d5cfb0ff42_265)] | | | [removed: [107](#ifacc497540524f7e824d518b5fa71b3e_265)] [added: [107](#idec5532e97ed434ca302f2d5cfb0ff42_265)] | | | [added: |]

| | | | | | | |

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

| [PART I](#idec5532e97ed434ca302f2d5cfb0ff42_13) | | | [3](#idec5532e97ed434ca302f2d5cfb0ff42_13) | | | |

| [Overview \| Solving for safer](#idec5532e97ed434ca302f2d5cfb0ff42_19) | | | [4](#idec5532e97ed434ca302f2d5cfb0ff42_19) | | |

| [Competition](#idec5532e97ed434ca302f2d5cfb0ff42_28) | | | [7](#idec5532e97ed434ca302f2d5cfb0ff42_28) | | | |

| [Backlog](#idec5532e97ed434ca302f2d5cfb0ff42_37) | | | [8](#idec5532e97ed434ca302f2d5cfb0ff42_37) | | | |

| [PART II](#idec5532e97ed434ca302f2d5cfb0ff42_88) | | | [30](#idec5532e97ed434ca302f2d5cfb0ff42_88) | | | |

| | | | | | |

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

| [PART I](#ifacc497540524f7e824d518b5fa71b3e_13) | | | [3](#ifacc497540524f7e824d518b5fa71b3e_13) | | |

| [Overview](#ifacc497540524f7e824d518b5fa71b3e_19) | | | [4](#ifacc497540524f7e824d518b5fa71b3e_19) | | |

| [Competition](#ifacc497540524f7e824d518b5fa71b3e_28) | | | [7](#ifacc497540524f7e824d518b5fa71b3e_28) | | |

| [Backlog](#ifacc497540524f7e824d518b5fa71b3e_37) | | | [7](#ifacc497540524f7e824d518b5fa71b3e_37) | | |

| [PART II](#ifacc497540524f7e824d518b5fa71b3e_88) | | | [30](#ifacc497540524f7e824d518b5fa71b3e_88) | | |

The cybersecurity program, which is led by our Vice President of Cybersecurity & Information Technology Infrastructure, holds regular meetings to review ongoing internal information security [removed: investigations.][added: operations, including by reviewing the Company's information security policies, controls, investigations, and responses.]

These third-party risk assessments are foundational for how we manage and monitor our [added: software] supply [removed: chain.][added: chain and service providers.]

As of the filing of this Form 10-K, we are not aware of any such attacks that have occurred since the beginning of [removed: 2024] [added: 2025] that have materially affected, or are reasonably likely to materially affect, us, including our business strategy, results of operations or financial condition.

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, including recent cybersecurity incidents and [added: the potential threat landscape pertaining to the] cybersecurity [added: of our] products and operations.

Annually, the Vice President of Audit Services [added: also] reviews the results of the ERM assessment with the Audit [removed: Committee as well.][added: Committee.]

Our Vice President of Cybersecurity & Information Technology Infrastructure, along with [removed: this individual's] [added: the respective] teams, are in charge of assessing and managing our risks related to cybersecurity, including by setting our strategy, policies, standards and processes in these areas, as further described above under “Risk Management & Strategy.” Utilizing the processes noted above, these teams remain informed about and monitor the prevention, detection, mitigation and remediation of cybersecurity incidents.

As of February [removed: 7, 2025,] [added: 6, 2026,] the material properties that we used in connection with our business, serving all segments, are as follows.

| Penang, Malaysia | | | [removed: 254] [added: 234] | | | Leased | | | Distribution, research & development and corporate administrative | | |

| Schio, Italy | | | 125 | | | Leased | | | Manufacturing, [removed: engineering,] [added: engineering and] administrative | | |

| Vancouver, BC, Canada | | | 70 | | | Leased | | | [removed: Corporate] [added: Research & development and corporate] administrative | | |

| Los Angeles, California, U.S. | | | 86 | | | Leased | | | Research & development, manufacturing and administrative | | |

The following are the persons who are the executive officers of the Company, their ages, and current titles as of February [removed: 14, 2025] [added: 12, 2026] and the positions they have held during the last five years with the Company or as otherwise noted:

Brown; age [removed: 64;] [added: 65;] Chairman and Chief Executive Officer since May 3, 2011.

Katherine Maher, age [removed: 42;] [added: 43;] Corporate Vice President and Chief Accounting Officer since March 14, 2022; Vice President and Corporate Controller from November 2021 to March 2022; [added: and] Finance Director, North America Credit & Systems Integration, from July 2020 to November [removed: 2021; and North America Distribution Finance Director from May 2018 to July 2020.][added: 2021.]

"Jack" Molloy; age [removed: 53;] [added: 54;] Executive Vice President and Chief Operating Officer since November 18, 2021 and Executive Vice President, Products and Sales from August 2018 to November 2021.

Kathryn Moore; age [removed: 52;] [added: 53;] Senior Vice President, Human Resources since January 1, 2025; Corporate Vice President, Human Resources from February 2022 to December 2024; and Vice President, Human Resources from June 2019 to February 2022.

Naik; age [removed: 53;] [added: 54;] Senior Vice President, Strategy and Ventures, since December 2017.

Niewiara; age [removed: 56;] [added: 57;] Senior Vice President, General Counsel since February 1, 2023; [added: and] Senior Vice President, Commercial Law, Litigation, Antitrust & Intellectual Property from April 2020 to January [removed: 2023; and Corporate Vice President, Lead Counsel, Commercial Law, Litigation & Antitrust from May 2019 to April 2020.][added: 2023.]

Mahesh Saptharishi; age [removed: 47;] [added: 48;] 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; and Senior Vice President, Chief Technology Officer from February 2019 to April 2021.

Winkler; age [removed: 50;] [added: 51;] Executive Vice President and Chief Financial Officer since July 1, [removed: 2020 and Senior Vice President, Finance from September 2018 to June] 2020.

Yazdi; age [removed: 60;] [added: 61;] Senior Vice President, [added: Chief of Staff to the Chairman and CEO since August 18, 2025; Senior Vice President,] Communications & Brand [removed: since] [added: from] February [removed: 2, 2022;] [added: 2022 to August 2025;] Senior Vice President, Chief of Staff, Communications & Brand and Motorola Solutions Foundation from November 2021 to February 2022; and Senior Vice President, Chief of Staff, Marketing and Communications and Motorola Solutions Foundation from August 2018 to November 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: 2025] [added: 2026] or until their respective successors are elected.

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: 7, 2025] [added: 6, 2026] was [removed: 16,633.][added: 15,632.]

During [removed: 2024,] [added: 2025,] we declared regular quarterly dividends of [removed: $0.98] [added: $1.09] per share of our common stock for each of the first three quarters of fiscal [removed: 2024,] [added: 2025,] and [removed: $1.09] [added: $1.21] per share of our common stock for the fourth quarter of fiscal [removed: 2024.][added: 2025.]

While we expect to continue to pay comparable regular quarterly dividends in [removed: 2025,] [added: 2026,] 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 [removed: October 29, 2024,] [added: November 18, 2025,] the Company issued [removed: 9,530] [added: 2,146] shares of common stock in connection with the acquisition of [removed: 3tc Software] [added: Blue Eye] to certain former shareholders of the corporation.

The stock was issued for an aggregate grant fair value of [removed: $4] [added: $1] million that will be expensed over an average service period of [removed: 1 year.][added: two years.]

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: 2024.][added: 2025.]

| (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 Consolidated Statement of Stockholders' Equity for the year ended December 31, [removed: 2024.] [added: 2025.] | | |

| (2) | | | As originally announced on July 28, 2011, and subsequently amended, the Board of Directors has authorized the Company to repurchase an aggregate amount of up to $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: 2024,] [added: 2025,] the Company had used approximately [removed: $15.8] [added: $16.9] billion to repurchase shares, leaving approximately [removed: $2.2] [added: $1.1] billion of authority available for future repurchases. | | |

This graph assumes $100 was invested in the stock or the indices on December 31, [removed: 2019] [added: 2020] and reflects the reinvestment of dividends.

[removed: ][added: ]

| Years Ended December 31 | | | [removed: 2019 | | |] 2020 | | | 2021 | | | 2022 | | | 2023 | | | 2024 | | | [added: 2025 | | |]

| 09/26/2025 to 10/23/2025 | | | 275,067 | | | | | | $ | 451.25 | | | | | 275,067 | | | | | | $ | 1,449,245,273 | |

| 10/24/2025 to 11/20/2025 | | | 675,898 | | | | | | $ | 395.02 | | | | | 675,898 | | | | | | $ | 1,182,253,478 | |

| 11/21/2025 to 12/30/2025 | | | 266,849 | | | | | | $ | 370.72 | | | | | 266,849 | | | | | | $ | 1,083,326,456 | |

| Total | | | 1,217,814 | | | | | | $ | 402.40 | | | | | 1,217,814 | | | | | | | | |

| Motorola Solutions | | | $ | 100.00 | | $ | 161.91 | | $ | 155.74 | | $ | 191.61 | | $ | 285.73 | | $ | 239.54 | |

| S&P 500 | | | 100.00 | | | 128.68 | | | 105.36 | | | 133.03 | | | 166.28 | | | 195.98 | | |

| S&P Communications Equipment | | | 100.00 | | | 151.31 | | | 121.24 | | | 146.05 | | | 201.64 | | | 241.63 | | |

| 09/27/2024 to 1024/2024 | | | — | | | | | | $ | — | | | | | — | | | | | | $ | 2,340,137,531 | |

| 10/25/2024 to 11/21/2024 | | | — | | | | | | $ | — | | | | | — | | | | | | $ | 2,340,137,531 | |

| 11/22/2024 to 12/30/2024 | | | 217,910 | | | | | | $ | 472.23 | | | | | 217,910 | | | | | | $ | 2,237,233,113 | |

| Total | | | 217,910 | | | | | | $ | 472.23 | | | | | 217,910 | | | | | | | | |

| Motorola Solutions | | | $ | 100.00 | | $ | 107.39 | | $ | 173.87 | | $ | 167.25 | | $ | 205.78 | | $ | 306.85 | |

| S&P 500 | | | $ | 100.00 | | $ | 118.39 | | $ | 152.34 | | $ | 124.73 | | $ | 157.48 | | $ | 196.85 | |

| S&P Communications Equipment | | | $ | 100.00 | | $ | 100.63 | | $ | 152.27 | | $ | 122.01 | | $ | 146.98 | | $ | 202.92 | |

| [Report of Independent Registered Public Accounting Firm (PCAOB [removed: ID](#ifacc497540524f7e824d518b5fa71b3e_136) 238[)](#ifacc497540524f7e824d518b5fa71b3e_136)] [added: ID](#idec5532e97ed434ca302f2d5cfb0ff42_136) 238[)](#idec5532e97ed434ca302f2d5cfb0ff42_136)] | | | [removed: [57](#ifacc497540524f7e824d518b5fa71b3e_136)] [added: [55](#idec5532e97ed434ca302f2d5cfb0ff42_136)] | | |

| [Consolidated Statements of [removed: Operations](#ifacc497540524f7e824d518b5fa71b3e_139)] [added: Operations](#idec5532e97ed434ca302f2d5cfb0ff42_139)] | | | [removed: [59](#ifacc497540524f7e824d518b5fa71b3e_139)] [added: [58](#idec5532e97ed434ca302f2d5cfb0ff42_139)] | | |

| [Consolidated Statements of Comprehensive Income [removed: (Loss)](#ifacc497540524f7e824d518b5fa71b3e_142)] [added: (Loss)](#idec5532e97ed434ca302f2d5cfb0ff42_142)] | | | [removed: [60](#ifacc497540524f7e824d518b5fa71b3e_142)] [added: [59](#idec5532e97ed434ca302f2d5cfb0ff42_142)] | | |

| [Consolidated Balance [removed: Sheets](#ifacc497540524f7e824d518b5fa71b3e_145)] [added: Sheets](#idec5532e97ed434ca302f2d5cfb0ff42_145)] | | | [removed: [61](#ifacc497540524f7e824d518b5fa71b3e_145)] [added: [60](#idec5532e97ed434ca302f2d5cfb0ff42_145)] | | |

| [Consolidated Statements of Stockholders' [removed: Equity](#ifacc497540524f7e824d518b5fa71b3e_148)] [added: Equity](#idec5532e97ed434ca302f2d5cfb0ff42_148)] | | | [removed: [62](#ifacc497540524f7e824d518b5fa71b3e_148)] [added: [61](#idec5532e97ed434ca302f2d5cfb0ff42_148)] | | |

| [Consolidated Statements of Cash [removed: Flows](#ifacc497540524f7e824d518b5fa71b3e_154)] [added: Flows](#idec5532e97ed434ca302f2d5cfb0ff42_154)] | | | [removed: [63](#ifacc497540524f7e824d518b5fa71b3e_154)] [added: [62](#idec5532e97ed434ca302f2d5cfb0ff42_154)] | | |

| [Notes to Consolidated Financial [removed: Statements](#ifacc497540524f7e824d518b5fa71b3e_157)] [added: Statements](#idec5532e97ed434ca302f2d5cfb0ff42_157)] | | | [removed: [64](#ifacc497540524f7e824d518b5fa71b3e_157)] [added: [63](#idec5532e97ed434ca302f2d5cfb0ff42_157)] | | |

We have audited the accompanying consolidated balance sheets of Motorola Solutions, Inc. and its subsidiaries (the [removed: “Company”)] [added: "Company")] as of December 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] and the related consolidated statements of operations, of comprehensive income (loss), of stockholders’ equity and of cash flows for each of the three years in the period ended December 31, [removed: 2024,] [added: 2025,] including the related notes (collectively referred to as the [removed: “consolidated] [added: "consolidated] financial [removed: statements”).][added: statements").]

We also have audited the Company's internal control over financial reporting as of December 31, [removed: 2024,] [added: 2025,] based on criteria established in [removed: Internal] [added: *Internal] Control - Integrated Framework [removed: (2013)] [added: (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: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] and the results of its operations and its cash flows for each of the three years in the period ended December 31, [removed: 2024] [added: 2025] 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: 2024,] [added: 2025,] based on criteria established in [removed: Internal] [added: *Internal] Control - Integrated Framework [removed: (2013)] [added: (2013)*] issued by the COSO.

The critical audit [removed: matter] [added: matters] communicated below [removed: is a matter] [added: are matters] arising from the current period audit of the consolidated financial statements that [removed: was] [added: were] communicated or required to be communicated to the audit committee and that (i) [removed: relates] [added: relate] to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challenging, subjective, or complex judgments.

The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit [removed: matter] [added: matters] below, providing [removed: a] separate [removed: opinion] [added: opinions] on the critical audit [removed: matter] [added: matters] or on the accounts or disclosures to which [removed: it relates.][added: they relate.]

*Revenue Recognition - Estimated Costs to Complete [added: for Certain] System Contracts*

As described in Note 1 to the consolidated financial statements, [removed: $2.0] [added: $2.2] billion of the Company’s total net sales for the year ended December 31, [removed: 2024] [added: 2025] was generated from system [removed: contracts.][added: contracts, a majority of which were accounted for on an over time basis.]

Management reviews the progress and performance of open contracts in order to determine the [removed: estimate of] Estimated Costs to Complete.

The principal considerations for our determination that performing procedures relating to revenue recognition - estimated costs to complete [added: for certain] system contracts is a critical audit matter are (i) the significant judgment by management in [removed: developing] [added: determining] the [removed: estimates of] total net sales and Estimated Costs to Complete, including significant judgments and [removed: assumptions] [added: assumptions,] on a contract by contract basis and (ii) a high degree of auditor judgment, subjectivity, and effort in performing procedures and evaluating audit evidence related to management’s [removed: estimates] [added: determination] of total net sales and Estimated Costs to Complete for [added: certain] system contracts.

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

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

Evaluating the significant judgments and assumptions used by management in [removed: developing] [added: determining] the [removed: estimates of] total net sales and Estimated Costs to Complete 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.

| *(In millions, except per share amounts)* | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | |

| Net sales from products | | | $ | [removed: 6,454] [added: 6,770] | | | | | $ | [removed: 5,814] [added: 6,454] | | | | | $ | [removed: 5,368] [added: 5,814] | |

| Net sales from services | | | [removed: 4,363] [added: 4,912] | | | | | | [removed: 4,164] [added: 4,363] | | | | | | [removed: 3,744] [added: 4,164] | | |

| Net sales | | | [removed: 10,817] [added: 11,682] | | | | | | [removed: 9,978] [added: 10,817] | | | | | | [removed: 9,112] [added: 9,978] | | |

| Costs of products sales | | | [removed: 2,674] [added: 2,776] | | | | | | [removed: 2,591] [added: 2,674] | | | | | | [removed: 2,595] [added: 2,591] | | |

| Costs of services sales | | | [removed: 2,631] [added: 2,871] | | | | | | [removed: 2,417] [added: 2,631] | | | | | | [removed: 2,288] [added: 2,417] | | |

| Costs of sales | | | [removed: 5,305] [added: 5,647] | | | | | | [removed: 5,008] [added: 5,305] | | | | | | [removed: 4,883] [added: 5,008] | | |

| Gross margin | | | [removed: 5,512] [added: 6,035] | | | | | | [removed: 4,970] [added: 5,512] | | | | | | [removed: 4,229] [added: 4,970] | | |

| Selling, general and administrative expenses | | | [removed: 1,752] [added: 1,870] | | | | | | [removed: 1,561] [added: 1,752] | | | | | | [removed: 1,450] [added: 1,561] | | |

| Research and development expenditures | | | [removed: 917] [added: 970] | | | | | | [removed: 858] [added: 917] | | | | | | [removed: 779] [added: 858] | | |

| Other charges | | | [removed: 155] [added: 207] | | | | | | [removed: 257] [added: 155] | | | | | | [removed: 339] [added: 257] | | |

| Operating earnings | | | [removed: 2,688] [added: 2,988] | | | | | | [removed: 2,294] [added: 2,688] | | | | | | [removed: 1,661] [added: 2,294] | | |

| Interest expense, net | | | [removed: (227)] [added: (302)] | | | | | | [removed: (216)] [added: (227)] | | | | | | [removed: (226)] [added: (216)] | | |

| Other, net | | | [removed: (489)] [added: 126] | | | | | | [removed: 68] [added: (489)] | | | | | | [removed: 77] [added: 68] | | |

| Total other expense | | | [removed: (716)] [added: (176)] | | | | | | [removed: (148)] [added: (716)] | | | | | | [removed: (146)] [added: (148)] | | |

| Net earnings before income taxes | | | [removed: 1,972] [added: 2,812] | | | | | | [removed: 2,146] [added: 1,972] | | | | | | [removed: 1,515] [added: 2,146] | | |

| Income tax expense | | | [removed: 390] [added: 652] | | | | | | [removed: 432] [added: 390] | | | | | | [removed: 148] [added: 432] | | |

| Net earnings | | | [removed: 1,582] [added: 2,160] | | | | | | [removed: 1,714] [added: 1,582] | | | | | | [removed: 1,367] [added: 1,714] | | |

| Less: Earnings attributable to noncontrolling interests | | | [removed: 5] [added: 6] | | | | | | 5 | | | | | | [removed: 4] [added: 5] | | |

| Net earnings attributable to Motorola Solutions, Inc. | | | $ | [removed: 1,577] [added: 2,154] | | | | | $ | [removed: 1,709] [added: 1,577] | | | | | $ | [removed: 1,363] [added: 1,709] | |

As described in Management’s Report on Internal Control Over Financial Reporting, management has excluded Silvus Technologies Holdings Inc. (“Silvus”) from its assessment of internal control over financial reporting as of December 31, 2025, because it was acquired by the Company in a purchase business combination during 2025.

We have also excluded Silvus from our audit of internal control over financial reporting.

Silvus is a wholly owned subsidiary whose total assets and total revenues excluded from management’s assessment and our audit of internal control over financial reporting represent 1% and 2%, respectively, of the related consolidated financial statement amounts as of and for the year ended December 31, 2025.

*Acquisition of Silvus - Valuation of Certain Customer Relationships and Certain Developed Technology*

As described in Note 15 to the consolidated financial statements, on August 6, 2025, the Company acquired Silvus for a purchase price of $4.4 billion, net of cash acquired, purchase price adjustments, and contingent earnout consideration.

Of the acquired identifiable intangible assets, $820 million of customer relationships and $920 million of developed technology were recorded, a significant portion of which relates to certain customer relationships and a significant portion of which relates to certain developed technology.

Fair value is estimated by management using the excess earnings method for customer relationships and the relief from royalty method for developed technology.

Management applies significant judgment in determining the estimates and assumptions used to estimate the fair values of the intangible assets, including the forecasted revenue growth rates, customer attrition rate, and discount rate for customer relationships and the forecasted revenue growth rates, royalty rate, and discount rate for developed technology.

The principal considerations for our determination that performing procedures relating to the valuation of certain customer relationships and certain developed technology acquired in the acquisition of Silvus is a critical audit matter are (i) the significant judgment by management when developing the fair value estimate of certain customer relationships and certain developed technology acquired; (ii) a high degree of auditor judgment, subjectivity, and effort in performing procedures and evaluating management’s significant assumptions related to the forecasted revenue growth rates, customer attrition rate, and discount rate for certain customer relationships and the forecasted revenue growth rates, royalty rate, and discount rate for certain developed technology; and (iii) the audit effort involved the use of professionals with specialized skill and knowledge.

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements.

These procedures included testing the effectiveness of controls relating to the acquisition accounting, including controls over management’s valuation of certain customer relationships and certain developed technology acquired.

These procedures also included, among others (i) reading the purchase agreement; (ii) testing management’s process for developing the fair value estimate of certain customer relationships and certain developed technology acquired; (iii) evaluating the appropriateness of the excess earnings and relief from royalty methods used by management; (iv) testing the completeness and accuracy of the underlying data used in the excess earnings and relief from royalty methods; and (v) evaluating the reasonableness of the significant assumptions used by management related to the forecasted revenue growth rates, customer attrition rate, and discount rate for certain customer relationships and the forecasted revenue growth rates, royalty rate, and discount rate for certain developed technology.

Evaluating management’s assumptions related to the forecasted revenue growth rates for certain customer relationships and certain developed technology and the customer attrition rate for certain customer relationships involved considering (i) the current and past performance of the Silvus business; (ii) the consistency with external market and industry data; and (iii) whether the assumptions were consistent with evidence obtained in other areas of the audit.

Professionals with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the excess earnings and relief from royalty methods and (ii) the reasonableness of the customer attrition rate and discount rate assumptions for certain customer relationships and the royalty rate and discount rate assumptions for certain developed technology.

February 12, 2026

| Short-term borrowings | | | 749 | | | | | | — | | |

| Other comprehensive income | | | | | | | | | | | | | | | 119 | | | | | | | | | | | | | | |

| Balance as of December 31, 2025 | | | 167.4 | | | | | | $ | 2,281 | | | | | $ | (2,420) | | | | | $ | 2,549 | | | | | $ | 17 | |

| Net proceeds from short-term borrowings | | | 923 | | | | | | — | | | | | | — | | |

| Repayment of short-term borrowings | | | (179) | | | | | | — | | | | | | — | | |

| Revolving credit facility renewal fees | | | (5) | | | | | | — | | | | | | — | | |

Business Combinations: The Company includes the results of operations from the businesses the Company acquires as of the acquisition date.

The Company allocates the purchase price of the acquisition to the assets acquired and liabilities assumed based on their estimated fair values.

The excess of the purchase price over the fair values of identifiable assets and liabilities is recorded as goodwill.

Acquisition related expenses are recognized separately from the business combination and are expensed as incurred.

On November 18, 2025, the Company acquired Blue Eye, a provider of AI-powered enterprise remote video monitoring ("RVM") services for $79 million, net of cash acquired.

The acquisition enhances the Company's video security portfolio, serving a wide range of enterprises with real-time intelligence to help reduce loss and damage, mitigate risk and boost profitability.

On August 6, 2025, the Company acquired Silvus Technologies Holdings Inc. ("Silvus") from Silvus Technologies Group LLC (the "Seller").

Silvus designs and develops software-defined high-speed MANET technology that enables highly secure data, video and voice communications without the need for fixed infrastructure.

This acquisition brings mobile ad-hoc network expertise and new applications to the Company's public safety and enterprise portfolio.

The purchase price of $4.4 billion consisted of cash payments of $4.4 billion, net of cash acquired and customary purchase price adjustments, and contingent earnout consideration that had an estimated fair value as of the acquisition date of $38 million.

Under the terms of the transaction, the Seller will have the potential to earn the contingent earnout consideration upon the achievement of certain financial targets of up to $600 million in total, comprised of up to $150 million for the annual period from July 5, 2026 through July 3, 2027 and up to $450 million for the annual period from July 4, 2027 through July 1, 2028 (with the potential to earn catch-up earnout consideration based on performance in the annual period from July 4, 2027 through July 1, 2028 if the maximum earnout for the annual period from July 5, 2026 through July 3, 2027 is not earned).

The earnout consideration, if any, will be paid in shares of common stock.

On March 6, 2025, the Company acquired Theatro, a maker of AI and voice-powered communication and digital workflow software for frontline workers for $174 million, net of cash acquired.

The acquisition enhances the Company's portfolio of enterprise technologies by integrating Theatro's AI voice assistant in the Company's complementary workflows across our portfolio, including body cameras, fixed video, panic buttons and radios.

The acquisition complements the Company's Command Center portfolio of 911 solutions.

In September 2025, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software" to modernize the accounting for internal-use software costs.

The ASU is effective for fiscal years beginning after December 15, 2027 and interim periods with annual reporting periods beginning after December 15, 2027, with early adoption permitted.

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

In July 2025, the FASB issued ASU No. 2025-05, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets" to introduce a practical expedient in the estimation of expected credit losses for current accounts receivable and current contract assets.

February 14, 2025

| Gains on sales of investments and businesses, net | | | — | | | | | | — | | | | | | 3 | | |

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

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

| Current liabilities held for disposition | | | — | | | | | | 1 | | |

| Non-current liabilities held for disposition | | | — | | | | | | 8 | | |

| Balance as of January 1, 2022 | | | 169.6 | | | | | | $ | 989 | | | | | $ | (2,379) | | | | | $ | 1,350 | | | | | $ | 17 | |

| ASU 2020-06 modified retrospective adoption | | | | | | | | | (10) | | | | | | | | | | | | 10 | | | | | | | | |

| Loss on ESN fixed asset impairment | | | — | | | | | | — | | | | | | 147 | | |

| Gains on sales of investments and businesses, net | | | — | | | | | | — | | | | | | (3) | | |

It is the Company’s policy to re-evaluate the reserve when certain events become known that will impact the future cash payments.

On December 14, 2022, the Company acquired Rave Mobile, a leader in mass notification and incident management, for $553 million, net of cash acquired.

This acquisition complements the Company's portfolio with a platform specifically designed to help organizations and public safety agencies communicate and collaborate during emergencies.

Futurecom designs and manufactures radio frequency repeaters.

This acquisition further expands the Company's communications network and device portfolios.

This acquisition complements the Company's existing radio portfolio, allowing the Company to use high frequency and very high frequency radio communications to support mission-critical operations.

This acquisition extends the Company's breadth of high-performance video products, reinforcing the Company's strategy to be a global leader in video security solutions.

On April 19, 2022, the Company acquired Calipsa, a technology leader in cloud-native advanced video analytics, for $39 million, net of cash acquired.

This acquisition extends the Company's intelligent analytics across video security solutions and supports the accelerating trend of enterprises using cloud technologies to enhance safety and security.

On March 23, 2022, the Company acquired TETRA Ireland, the provider of Ireland's National Digital Radio Service, for $120 million, net of cash acquired.

The Company was an initial shareholder of TETRA Ireland and acquired the remaining interest in the entity from the other shareholders.

This acquisition expands the Company's portfolio of delivering mission-critical voice and data communications solutions to first responders and frontline workers.

On March 3, 2022, the Company acquired Ava, a global provider of cloud-native video security and analytics, for $388 million, net of cash acquired.

This acquisition expands the Company's portfolio of intelligent video solutions that help to enhance safety and streamline operations.

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

In November 2023, the FASB issued 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.

| LMR Communications | | | $ | 5,739 | | | | | $ | 2,361 | | | | | $ | 8,100 | | | | | $ | 5,127 | | | | | $ | 2,399 | | | | | $ | 7,526 | | | | | $ | 4,713 | | | | | $ | 2,274 | | | | | $ | 6,987 | |

A total of $4.1 billion was from Products and Systems Integration performance obligations that were not yet satisfied, of which $2.3 billion is expected to be recognized in the next twelve months.

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

A total of $5.3 billion was from Software and Services performance obligations that were not yet satisfied as of December 31, 2024.

The determination of Software and Services performance obligations that are not satisfied

takes into account a contract term that may be limited by the customer’s ability to terminate for convenience.

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.

The Company expects to recognize $1.8 billion from unsatisfied Software and Services performance obligations over the next twelve months, with the remaining performance obligations to be recognized over time as services are performed and software is implemented.

In 2023, the Competition and Markets Authority (the "CMA") imposed a legal order on Airwave which implemented a prospective price control on Airwave (the "Charge Control").

Our remaining performance obligations for Airwave services contracted with the Home Office of the United Kingdom (the "Home Office") through December 31, 2026 was reduced by $777 million and since August 1, 2023 our revenue under the Airwave contract has been recognized in accordance with the Charge Control.

On March 13, 2024, the Company received notice of the contract extension (the "Deferred National Shutdown Notice") from the Home Office, recording additional remaining performance obligations of $748 million in the Software and Services segment to reflect the incremental three-years of services.

In addition, assets obtained in exchange for liabilities during the year ended December 31, 2024 included $24 million of additional leases due to the renewal of a large managed services contract due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases.

The Company recorded $19 million of assets obtained in exchange for lease liabilities related to the ten year renewal of an International region office.

| 2025 | | | $ | 146 | | | | |

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: 2024] [added: 2025] (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: 2024,] [added: 2025,] 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: 2024.][added: 2025.]

On August 6, 2025, the Company completed the acquisition of Silvus.

Management has excluded Silvus from its assessment of the effectiveness of the Company's internal control over financial reporting as of December 31, 2025 (other than Silvus' goodwill and intangibles, which were included in such assessment), because it was acquired by the Company in 2025.

Silvus is a wholly-owned subsidiary whose total assets (excluding goodwill and intangibles) and total revenues excluded from management’s assessment represent 1% and 2%, respectively, of the related consolidated financial statement amounts of the Company as of and for the year ended December 31, 2025.

During the three months ended December 31, [removed: 2024,] [added: 2025,] 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.

Exhibit numbers 10.5 through [removed: 10.64] [added: 10.55] 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: [10.24](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex108q12022.htm)] [added: [10.24](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1012-formofrsuaward.htm)] | | | | | | Form of Motorola Solutions, Inc. [removed: Market] [added: Restricted] Stock Unit [added: Award] Agreement for grants to Section 16 Officers [removed: from March 10, 2022 to] [added: on or after] March [removed: 8,] [added: 9,] 2023 (incorporated by reference to Exhibit [removed: 10.8] [added: 10.12] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April [removed: 2, 2022).] [added: 1, 2023).] | | | | | |

| [removed: [10.25](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1012-formofrsuaward.htm)] [added: [10.31](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit109-formofpsuawarda.htm)] | | | | | | Form of Motorola Solutions, Inc. [removed: Restricted] [added: Performance] Stock Unit Award Agreement for grants to Section 16 Officers on or after March 9, 2023 (incorporated by reference to Exhibit [removed: 10.12] [added: 10.9] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2023). | | | | | |

| [removed: [10.26](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1010q12022.htm)] [added: [10.28](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 [removed: Section 16 Officers] [added: Employees] from March 10, 2022 to March 8, 2023 (incorporated by reference to Exhibit [removed: 10.10] [added: 10.2] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2022). | | | | | |

| [removed: [10.27](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit103-formofrsuawarda.htm)] [added: [10.25](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit103-formofrsuawarda.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Award Agreement for grants to Appointed Vice Presidents and Elected Officers on or after March 9, 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 1, 2023). | | | | | |

| [removed: [10.28](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex101q12022.htm)] [added: [10.26](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 from March 10, 2022 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: [10.29](https://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex102q12018.htm)] [added: [10.36](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex1013q12022.htm)] | | | | | | Form of Motorola [removed: Solutions, Inc. Restricted] [added: Solutions] Stock [removed: Unit] [added: Option Consideration] Agreement [removed: relating] [added: for Gregory Q. Brown for grants from March 10, 2022] to [added: March 8, 2023 under] the Motorola Solutions Omnibus Incentive Plan of [removed: 2015 for grants to Appointed Vice Presidents and Elected Officers from February 15, 2018 to March 9, 2022] [added: 2015, as amended] (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: March 31, 2018).] [added: April 2, 2022).] | | | | | |

| [removed: [10.30](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit104-formofrsuawarda.htm)] [added: [10.27](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit104-formofrsuawarda.htm)] | | | | | | Form of Motorola Solutions, Inc. Restricted Stock Unit Award Agreement for grants to Employees on or after March 9, 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 1, 2023). | | | | | |

| [removed: [10.31](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex102q12022.htm)] [added: [10.32](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1013-formofpsuaward.htm)] | | | | | | Form of Motorola Solutions, Inc. [removed: Restricted] [added: Performance] Stock Unit [added: Award] Agreement [removed: relating to the Motorola Solutions Omnibus Incentive Plan of 2015, as amended,] for grants to [removed: Employees from March 10, 2022 to] [added: Gregory Q. Brown on or after] March [removed: 8,] [added: 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 April [removed: 2, 2022).] [added: 1, 2023).] | | | | | |

| [removed: [10.32](https://www.sec.gov/Archives/edgar/data/68505/000006850518000017/msiex103q12018.htm)] [added: [10.37](https://www.sec.gov/Archives/edgar/data/68505/000119312511039822/dex1027.htm)] | | | | | | Form of Motorola [removed: Solutions, Inc. Restricted] [added: Solutions] Stock [removed: Unit] [added: Option Consideration] Agreement [removed: relating] [added: for Gregory Q. Brown for grants from January 4, 2011] to [added: March 9, 2022 under] the Motorola Solutions Omnibus Incentive Plan of [removed: 2015 for grants to Employees from February 15, 2018 to March 9, 2022] [added: 2006] (incorporated by reference to Exhibit [removed: 10.3] [added: 10.27] to Motorola Solutions, Inc.’s [removed: Quarterly] [added: Annual] Report on Form [removed: 10-Q] [added: 10-K] for the fiscal [removed: quarter] [added: year] ended [removed: March] [added: December] 31, [removed: 2018).] [added: 2010).] | | | | | |

| [removed: [10.33](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit107-formofpsuawarda.htm)] [added: [10.29](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit107-formofpsuawarda.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to non-Section 16 Officers on or after March 9, 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 1, 2023). | | | | | |

| [removed: [10.34](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex105q12022.htm)] [added: [10.38](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1014-formofmsuaward.htm)] | | | | | | Form of Motorola Solutions, Inc. [removed: Performance] [added: Market] Stock Unit Award Agreement for grants to [removed: non-Section 16 Officers from March 10, 2022 to] [added: Gregory Q. Brown on or after] March [removed: 8,] [added: 9,] 2023 (incorporated by reference to Exhibit [removed: 10.5] [added: 10.14] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April [removed: 2, 2022).] [added: 1, 2023).] | | | | | |

| [removed: [*](https://www.sec.gov/Archives/edgar/data/68505/000006850525000012/exhibit1035formofpsuawarda.htm)[10.](https://www.sec.gov/Archives/edgar/data/68505/000006850525000012/exhibit1035formofpsuawarda.htm)[3](https://www.sec.gov/Archives/edgar/data/68505/000006850525000012/exhibit1035formofpsuawarda.htm)[5](https://www.sec.gov/Archives/edgar/data/68505/000006850525000012/exhibit1035formofpsuawarda.htm)] [added: [10.30](https://www.sec.gov/Archives/edgar/data/68505/000006850525000012/exhibit1035formofpsuawarda.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance Stock Unit Award Agreement for grants to Messrs. Molloy, Saptharishi, and Winkler on November 11, [removed: 2024.] [added: 2024 (incorporated by reference to Exhibit 10.35 to Motorola Solutions, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024).] | | | | | |

| [removed: [10.36](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit109-formofpsuawarda.htm)] [added: [10.33](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1015-formofpoawarda.htm)] | | | | | | Form of Motorola Solutions, Inc. Performance [removed: Stock Unit] [added: Option] Award Agreement for grants to [removed: Section 16 Officers] [added: Gregory Q. Brown] on or after March 9, 2023 (incorporated by reference to Exhibit [removed: 10.9] [added: 10.15] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2023). | | | | | |

| [removed: [10.37](https://www.sec.gov/Archives/edgar/data/68505/000006850522000019/msiex107q12022.htm)] [added: [10.35](https://www.sec.gov/Archives/edgar/data/68505/000006850523000026/exhibit1016-formofstockopt.htm)] | | | | | | Form of Motorola [removed: Solutions, Inc. Performance] [added: Solutions] Stock [removed: Unit Award] [added: Option Consideration] Agreement for [added: Gregory Q. Brown for] grants [removed: to Section 16 Officers from March 10, 2022 to] [added: on or after] March [removed: 8,] [added: 9,] 2023 (incorporated by reference to Exhibit [removed: 10.7] [added: 10.16] to Motorola Solutions, Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended April [removed: 2, 2022).] [added: 1, 2023).] | | | | | |