Exhibit 11 Motorola, Inc. and Subsidiaries Basic and Diluted Earnings Per Common Share (Dollars in millions, except per share amounts) For the Years Ended December 31, 1997 1996 - ----------------------------------------------------------------------- Basic earnings per common share Net earnings $1,180 $1,154 Weighted average common shares outstanding 595.5 592.5 ------------------- Per share amount $ 1.98 $ 1.95 =================== Diluted earnings per common share Net earnings $1,180 $1,154 Add: Interest on zero coupon notes, net of taxes, and effect of executive incentive and employee profit sharing plans 5 4 ------------------- Net earnings, as adjusted $1,185 $1,158 ------------------- Weighted average common shares outstanding 595.5 592.5 Add: Effect of dilutive securities Stock options 10.4 9.9 Zero coupon notes 6.3 6.6 ------------------- Diluted wtd. average common shares outstanding 612.2 609.0 ------------------- ------------------- Per share amount $ 1.94 $ 1.90 =================== - -----------------------------------------------------------------------