Exhibit 11.1 Motorola, Inc. and Consolidated Subsidiaries Primary and Fully Diluted Earnings Per Common and Common Equivalent Share Six Months Ended June 29, 1996 and July 1, 1995 (In millions, except per share amounts) Six Months Ended June 29, July 1, 1996 1995 Net Income $ 710 $ 853 Add: Interest on Zero coupon notes due 2009 and 2013, net of tax and effect of executive incentive and employee profit sharing plans 2 3 Adjusted net income $ 712 $ 856 EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE - PRIMARY: Weighted average common shares outstanding 592.0 588.7 Common equivalent shares: Stock options 10.4 12.3 Zero coupon notes due 2009 and 2013 6.7 7.3 Common and common equivalent shares - primary (in millions) 609.1 608.3 Net earnings per share - primary $ 1.17 $ 1.41 EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE - FULLY DILUTED: Weighted average common shares outstanding 592.0 588.7 Common equivalent shares: Stock options 10.9 13.2 Zero coupon notes due 2009 and 2013 6.7 7.3 Common and common equivalent shares - fully diluted (in millions) 609.6 609.2 Net earnings per share - fully diluted $ 1.17 $ 1.40