EXHIBIT 11 MOTOROLA, INC. AND CONSOLIDATED SUBSIDIARIES PRIMARY AND FULLY DILUTED EARNINGS PER SHARE THREE MONTHS ENDED OCTOBER 1, 1994 AND OCTOBER 2, 1993 (IN MILLIONS, EXCEPT PER SHARE AMOUNTS) THREE MONTHS ENDED Oct. 1, Oct. 2, 1994 1993 Net Income $ 380 $ 254 Add: Interest on Zero coupon notes due 2009 and 2013, net of tax and effect of executive incentive and employee profit sharing plans 3 4 Adjusted net income $ 383 $ 258 EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE - PRIMARY: Weighted average common shares outstanding 561.6 546.4 Common equivalent shares: Stock options 12.3 11.4 Zero coupon notes due 2009 and 2013 15.2 19.2 Common and common equivalent shares - primary (in millions) 589.1 577.0 Net earnings per share - primary $ 0.65 $ 0.44 EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE - FULLY DILUTED: Weighted average common shares outstanding 561.6 546.4 Common equivalent shares: Stock options 12.9 13.5 Zero coupon notes due 2009 and 2013 15.2 19.2 Common and common equivalent shares - fully diluted (in millions) 589.7 579.1 Net earnings per share - fully diluted $ 0.65 $ 0.44