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Exhibit 12 to Motorola, Inc.'s Form 10-K
for the year ended December 31, 2000
MOTOROLA, INC.
FIXED CHARGES RATIO
Q4 2000
YEARS ENDED DECEMBER 31,
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(In Millions) 2000 1999 1998 1997 1996
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Pretax income (loss)(1) $ 2,328 $ 1,434 $(1,230) $ 1,814 $ 1,626
Capitalized interest $ (18) $ 0 $ 0 $ 0 $ 0
Fixed charges
(as calculated below) $ 806 $ 169 $ 460 $ 342 $ 388
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Earnings (2) $ 3,116 $ 1,603 $ (770) $ 2,156 $ 2,014
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FIXED CHARGES:
Interest expense $ 680 $ 399 (3) $ 348 $ 234 $ 290
Rent expense interest
factor $ 126 $ 169 $ 112 $ 108 $ 98
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Total fixed charges (2) $ 806 $ 169 $ 460 $ 342 $ 388
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RATIO OF EARNINGS TO
FIXED CHARGES 3.9 3.5 -- (4) 6.3 5.2
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(1) After adjustments required by Item 503 (d) of SEC Regulation S-K.
(2) As defined in Item 503 (d) of SEC Regulation S-K.
(3) The Company was a guarantor of Iridium's $750 million guaranteed credit
agreement. On November 15, 1999, the Company satisfied its guarantee
obligations under this agreement by paying approximately $743 million
to the banks providing loans under the agreement. Included with this
payment was approximately $3 million in interest charges which have
been aggregated in the 1999 total interest expense used for the
calculation of total fixed charges.
(4) Earnings were inadequate for the year ended December 31, 1998, by $1.2
billion to cover fixed charges.