Exhibit 11 MOTOROLA, INC. AND CONSOLIDATED SUBSIDIARIES PRIMARY AND FULLY DILUTED EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE THREE MONTHS ENDED MARCH 29, 1997 AND MARCH 30, 1996 (In millions, except per share amounts) Three Months Ended March 29, March 30, 1997 1996 Net Income $ 325 $ 384 Add: Interest on Zero coupon notes due 2009 and 2013, net of tax and effect of executive incentive and employee profit sharing plans 1 1 Adjusted net income $ 326 $ 385 EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE - PRIMARY: Weighted average common shares outstanding 593.9 591.7 Common equivalent shares: Stock options 10.5 10.2 Zero coupon notes due 2009 and 2013 6.4 6.7 Common and common equivalent shares - primary (in millions) 610.8 608.6 Net earnings per share - primary $ .53 $ .63 EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE - FULLY DILUTED: Weighted average common shares outstanding 593.9 591.7 Common equivalent shares: Stock options 10.5 10.2 Zero coupon notes due 2009 and 2013 6.4 6.7 Common and common equivalent shares - fully diluted (in millions) 610.8 608.6 Net earnings per share - fully diluted $ .53 $ .63