Motorola Solutions, Inc.
For the period ended Apr 4, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 4, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Reorganization of Business
- Reorganization of Business
2026 Charges
During the three months ended April 4, 2026, the Company recorded net reorganization of business charges of $15 million, including $10 million of charges in Other charges and $5 million of charges in Cost of sales in the Company's Condensed Consolidated Statements of Operations related to employee separation costs.
| April 4, 2026 | Three Months Ended |
|---|---|
| Products and Systems Integration | $11 |
| Software and Services | 4 |
| $15 |
Reorganization of Businesses Accruals
| January 1, 2026 | Additional Charges | Adjustments | Amount Used | April 4, 2026 | |
|---|---|---|---|---|---|
| Employee separation costs | $24 | $15 | $— | $(12) | $27 |
Employee Separation Costs
At January 1, 2026, the Company had an accrual of $24 million for employee separation costs. The 2026 additional charges of $15 million represent severance costs for approximately 230 employees. The $12 million used reflects cash payments to severed employees. The remaining accrual of $27 million, which is included in Accrued liabilities in the Company’s Condensed Consolidated Balance Sheets at April 4, 2026, is expected to be paid, primarily within one year, to approximately 620 employees, who have either been severed or have been notified of their severance and have begun or will begin receiving payments.
2025 Charges
During the three months ended March 29, 2025, the Company recorded net reorganization of business charges of $17 million, consisting of $12 million of charges in Other charges and $5 million of charges in Cost of sales in the Company's Condensed Consolidated Statements of Operations. Included in the $17 million were charges of $19 million related to employee separation costs, partially offset by $2 million of reversals for employee separation accruals that are no longer needed.
| March 29, 2025 | Three Months Ended |
|---|---|
| Products and Systems Integration | $12 |
| Software and Services | 5 |
| $17 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.