Exhibit 11.1 Motorola, Inc. and Consolidated Subsidiaries Primary and Fully Diluted Earnings Per Common and Common Equivalent Share Six Months Ended July 1, 1995 and July 2, 1994 (In millions, except per share amounts) Six Months Ended July 1, July 2, 1995 1994 (1) Net Income $ 853 $ 665 Add: Interest on Zero coupon notes due 2009 and 2013, net of tax and effect of executive incentive and employee profit sharing plans 3 8 Adjusted net income $ 856 $ 673 Earnings per common and common equivalent share - Primary: Weighted average common shares outstanding 588.7 559.1 Common equivalent shares: Stock options 12.3 12.0 Zero coupon notes due 2009 and 2013 7.3 17.6 Common and common equivalent shares - primary (in millions) 608.3 588.7 Net earnings per share - primary $ 1.41 $ 1.14 Earnings per common and common equivalent share - Fully Diluted: Weighted average common shares outstanding 588.7 559.1 Common equivalent shares Stock options 13.2 12.0 Zero coupon notes due 2009 and 2013 7.3 17.6 Common and common equivalent shares - fully diluted (in millions) 609.2 588.7 Net earnings per share - fully diluted $ 1.40 $ 1.14 (1) All 1994 earnings per common and common equivalent share and weighted average common and common equivalent shares outstanding have been restated to reflect the April 18, 1994 two-for-one stock split effected in the form of a 100 percent stock dividend payable to stockholders of record on March 15, 1994.