EX-99.1 3 a2076012zex-99_1.htm RECLASSIFIED FINANCIAL STATEMENTS
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Exhibit 99.1

Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
(In millions, except per share amounts)

 
   For the Quarter Ended March 31, 2001
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 7,683   $ —   $ 7,683   $ 197   $ 7,486  
Costs of sales     6,117     (524 )   5,593     (135 )   5,458  
   
 
 
 
 
 
Gross margin     1,566     (524 )   2,090     62     2,028  

Selling, general and administrative expenses
 
 
1,187
 
 
(27
)
 
1,160
 
 
(42
)
 
1,118
 
Research and development expenses     1,172     —     1,172     (11 )   1,161  
Reorganization of businesses     241     (241 )   —     —     —  
Other charges     72     (72 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     (1,106 )   (864 )   (242 )   9     (251 )

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (61 )   —     (61 )   (2 )   (59 )
  Gains on sales of investments and businesses     614     614     —     —     —  
  Other     (38 )   (29 )   (9 )   —     (9 )
   
 
 
 
 
 
Earnings (loss) before income taxes     (591 )   (279 )   (312 )   7     (319 )
Income tax provision     (58 )   (48 )   (106 )   (2 )   (108 )
   
 
 
 
 
 
Net earnings (loss)   $ (533 ) $ (327 ) $ (206 ) $ 5   $ (211 )
   
 
 
 
 
 

Net loss per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ (0.24 )                   $ (0.10 )
  Diluted   $ (0.24 )                   $ (0.10 )

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,194.0                       2,194.0  
  Diluted     2,194.0                       2,194.0  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     -6.9 %                     -2.8 %
Return on average invested capital     1.5 %                        
 
   For the Quarter Ended April 1, 2000
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 8,720   $ —   $ 8,720   $ 210   $ 8,510  
Costs of sales     5,570     —     5,570     (141 )   5,429  
   
 
 
 
 
 
Gross margin     3,150     —     3,150     69     3,081  

Selling, general and administrative expenses
 
 
1,443
 
 
(30
)
 
1,413
 
 
(50
)
 
1,363
 
Research and development expenses     1,015     —     1,015     (12 )   1,003  
Reorganization of businesses     —     —     —     —     —  
Other charges     110     (110 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     582     (140 )   722     7     715  

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (31 )   —     (31 )   (1 )   (30 )
  Gains on sales of investments and businesses     101     101     —     —     —  
  Other     (12 )   —     (12 )   —     (12 )
   
 
 
 
 
 
Earnings (loss) before income taxes     640     (39 )   679     6     673  
Income tax provision     192     5     197     (2 )   195  
   
 
 
 
 
 
Net earnings (loss)   $ 448   $ (34 ) $ 482   $ 4   $ 478  
   
 
 
 
 
 

Net earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 0.21                     $ 0.22  
  Diluted   $ 0.20                     $ 0.21  

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,146.2                       2,146.2  
  Diluted     2,267.7                       2,267.7  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     5.1 %                     5.6 %
Return on average invested capital     6.6 %                        

Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
(In millions, except per share amounts)

 
   For the Quarter Ended June 30, 2001
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 7,486   $ —   $ 7,486   $ 194   $ 7,292  
Costs of sales     5,836     (307 )   5,529     (134 )   5,395  
   
 
 
 
 
 
Gross margin     1,650     (307 )   1,957     60     1,897  

Selling, general and administrative expenses
 
 
1,143
 
 
(19
)
 
1,124
 
 
(37
)
 
1,087
 
Research and development expenses     1,086     —     1,086     (12 )   1,074  
Reorganization of businesses     619     (619 )   —     —     —  
Other charges     99     (99 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     (1,297 )   (1,044 )   (253 )   11     (264 )

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (104 )   —     (104 )   (2 )   (102 )
  Gains on sales of investments and businesses     742     742     —     —     —  
  Other     (189 )   (194 )   5     —     5  
   
 
 
 
 
 
Earnings (loss) before income taxes     (848 )   (496 )   (352 )   9     (361 )
Income tax provision     (89 )   (31 )   (120 )   (3 )   (123 )
   
 
 
 
 
 
Net earnings (loss)   $ (759 ) $ (527 ) $ (232 ) $ 6   $ (238 )
   
 
 
 
 
 

Net loss per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ (0.35 )                   $ (0.11 )
  Diluted   $ (0.35 )                   $ (0.11 )

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,202.9                       2,202.9  
  Diluted     2,202.9                       2,202.9  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     -10.1 %                     -3.3 %
 
   For the Quarter Ended July 1, 2000
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 9,201   $ —   $ 9,201   $ 188   $ 9,013  
Costs of sales     5,892     —     5,892     (122 )   5,770  
   
 
 
 
 
 
Gross margin     3,309     —     3,309     66     3,243  

Selling, general and administrative expenses
 
 
1,457
 
 
(68
)
 
1,389
 
 
(55
)
 
1,334
 
Research and development expenses     1,107     —     1,107     (14 )   1,093  
Reorganization of businesses     —     —     —     —     —  
Other charges     306     (306 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     439     (374 )   813     (3 )   816  

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (38 )   —     (38 )   (1 )   (37 )
  Gains on sales of investments and businesses     19     19     —     —     —  
  Other     —     —     —     —     —  
   
 
 
 
 
 
Earnings (loss) before income taxes     420     (355 )   775     (4 )   779  
Income tax provision     216     8     224     1     225  
   
 
 
 
 
 
Net earnings (loss)   $ 204   $ (347 ) $ 551   $ (3 ) $ 554  
   
 
 
 
 
 

Net earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 0.09                     $ 0.26  
  Diluted   $ 0.09                     $ 0.25  

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,165.0                       2,165.0  
  Diluted     2,249.7                       2,249.7  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     2.2 %                     6.1 %

Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
(In millions, except per share amounts)

 
   For the Quarter Ended September 29, 2001
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 7,392   $ —   $ 7,392   $ 162   $ 7,230  
Costs of sales     5,681     (98 )   5,583     (117 )   5,466  
   
 
 
 
 
 
Gross margin     1,711     (98 )   1,809     45     1,764  

Selling, general and administrative expenses
 
 
916
 
 
(39
)
 
877
 
 
(28
)
 
849
 
Research and development expenses     1,037     —     1,037     (8 )   1,029  
Reorganization of businesses     133     (133 )   —     —     —  
Other charges     1,408     (1,408 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     (1,783 )   (1,678 )   (105 )   9     (114 )

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (140 )   (22 )   (118 )   (2 )   (116 )
  Gains on sales of investments and businesses     542     542     —     —     —  
  Other     (838 )   (830 )   (8 )   —     (8 )
   
 
 
 
 
 
Earnings (loss) before income taxes     (2,219 )   (1,988 )   (231 )   7     (238 )
Income tax provision     (811 )   733     (78 )   (2 )   (80 )
   
 
 
 
 
 
Net earnings (loss)   $ (1,408 ) $ (1,255 ) $ (153 ) $ 5   $ (158 )
   
 
 
 
 
 

Net loss per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ (0.64 )                   $ (0.07 )
  Diluted   $ (0.64 )                   $ (0.07 )

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,217.1                       2,217.1  
  Diluted     2,217.1                       2,217.1  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     -19.0 %                     -2.2 %
 
   For the Quarter Ended September 30, 2000
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 9,431   $ —   $ 9,431   $ 187   $ 9,244  
Costs of sales     6,522     (499 )   6,023     (139 )   5,884  
   
 
 
 
 
 
Gross margin     2,909     (499 )   3,408     48     3,360  

Selling, general and administrative expenses
 
 
1,340
 
 
(60
)
 
1,280
 
 
(44
)
 
1,236
 
Research and development expenses     1,171     —     1,171     (14 )   1,157  
Reorganization of businesses     220     (220 )   —     —     —  
Other charges     90     (90 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     88     (869 )   957     (10 )   967  

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (51 )   —     (51 )   (1 )   (50 )
  Gains on sales of investments and businesses     727     727     —     —     —  
  Other     (6 )   (2 )   (4 )   —     (4 )
   
 
 
 
 
 
Earnings (loss) before income taxes     758     (144 )   902     (11 )   913  
Income tax provision     227     32     259     4     263  
   
 
 
 
 
 
Net earnings (loss)   $ 531   $ (112 ) $ 643   $ (7 ) $ 650  
   
 
 
 
 
 

Net earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 0.24                     $ 0.30  
  Diluted   $ 0.23                     $ 0.29  

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,182.3                       2,182.3  
  Diluted     2,266.0                       2,266.0  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     5.6 %                     7.0 %

Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
(In millions, except per share amounts)

 
   For the Quarter Ended December 31, 2001
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 7,312   $ —   $ 7,312   $ —   $ 7,312  
Costs of sales     5,394     (152 )   5,242     —     5,242  
   
 
 
 
 
 
Gross margin     1,918     (152 )   2,070     —     2,070  

Selling, general and administrative expenses
 
 
1,110
 
 
(40
)
 
1,070
 
 
—
 
 
1,070
 
Research and development expenses     1,023     —     1,023     —     1,023  
Reorganization of businesses     865     (865 )   —     —     —  
Other charges     537     (537 )   —     —     —  
   
 
 
 
 
 
Operating loss     (1,617 )   (1,594 )   (23 )   —     (23 )

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (108 )   —     (108 )   —     (108 )
  Gains on sales of investments and businesses     33     33     —     —     —  
  Other     (161 )   (159 )   (2 )   —     (2 )
   
 
 
 
 
 
Loss before income taxes     (1,853 )   (1,720 )   (133 )   —     (133 )
Income tax provision     (616 )   573     (43 )   —     (43 )
   
 
 
 
 
 
Net loss   $ (1,237 ) $ (1,147 ) $ (90 ) $ —   $ (90 )
   
 
 
 
 
 

Net loss per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ (0.55 )                   $ (0.04 )
  Diluted   $ (0.55 )                   $ (0.04 )

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,236.8                       2,236.8  
  Diluted     2,236.8                       2,236.8  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     -16.9 %                     -1.2 %
 
   For the Quarter Ended December 31, 2000
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 9,994   $ —   $ 9,994   $ 240   $ 9,754  
Costs of sales     7,184     (388 )   6,796     (161 )   6,635  
   
 
 
 
 
 
Gross margin     2,810     (388 )   3,198     79     3,119  

Selling, general and administrative expenses
 
 
1,493
 
 
(61
)
 
1,432
 
 
(44
)
 
1,388
 
Research and development expenses     1,144     —     1,144     (17 )   1,127  
Reorganization of businesses     376     (376 )   —     —     —  
Other charges     11     (11 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     (214 )   (836 )   622     18     604  

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (51 )   —     (51 )   —     (51 )
  Gains on sales of investments and businesses     723     723     —     —     —  
  Other     (45 )   —     (45 )   —     (45 )
   
 
 
 
 
 
Earnings (loss) before income taxes     413     (113 )   526     18     508  
Income tax provision     278     (127 )   151     (5 )   146  
   
 
 
 
 
 
Net earnings (loss)   $ 135   $ (240 ) $ 375   $ 13   $ 362  
   
 
 
 
 
 

Net earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 0.06                     $ 0.17  
  Diluted   $ 0.06                     $ 0.16  

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,188.7                       2,188.7  
  Diluted     2,240.6                       2,240.6  

Dividends paid per share
 
$
0.04
 
 
 
 
 
 
 
 
 
 
$
0.04
 
Net margin on sales     1.4 %                     3.7 %

Motorola, Inc. and Subsidiaries
Consolidated Statements of Operations
(In millions, except per share amounts)

 
   For the Year Ended December 31, 2001
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 29,873   $ —   $ 29,873   $ 553   $ 29,320  
Costs of sales     23,028     (1,081 )   21,947     (386 )   21,561  
   
 
 
 
 
 
Gross margin     6,845     (1,081 )   7,926     167     7,759  

Selling, general and administrative expenses
 
 
4,356
 
 
(125
)
 
4,231
 
 
(107
)
 
4,124
 
Research and development expenses     4,318     —     4,318     (31 )   4,287  
Reorganization of businesses     1,858     (1,858 )   —     —     —  
Other charges     2,116     (2,116 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     (5,803 )   (5,180 )   (623 )   29     (652 )

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (413 )   (22 )   (391 )   (6 )   (385 )
  Gains on sales of investments and businesses     1,931     1,931     —     —     —  
  Other     (1,226 )   (1,212 )   (14 )   —     (14 )
   
 
 
 
 
 
Earnings (loss) before income taxes     (5,511 )   (4,483 )   (1,028 )   23     (1,051 )
Income tax provision     (1,574 )   1,227     (347 )   (7 )   (354 )
   
 
 
 
 
 
Net earnings (loss)   $ (3,937 ) $ (3,256 ) $ (681 ) $ 16   $ (697 )
   
 
 
 
 
 

Net loss per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ (1.78 )                   $ (0.31 )
  Diluted   $ (1.78 )                   $ (0.31 )

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,213.3                       2,213.3  
  Diluted     2,213.3                       2,213.3  

Dividends paid per share
 
$
0.16
 
 
 
 
 
 
 
 
 
 
$
0.16
 
Net margin on sales     -13.2 %                     -2.4 %
Return on average invested capital     -18.0 %                        
 
   For the Year Ended December 31, 2000
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
  
Net sales   $ 37,346   $ —   $ 37,346   $ 825   $ 36,521  
Costs of sales     25,168     (887 )   24,281     (564 )   23,717  
   
 
 
 
 
 
Gross margin     12,178     (887 )   13,065     261     12,804  

Selling, general and administrative expenses
 
 
5,733
 
 
(219
)
 
5,514
 
 
(193
)
 
5,321
 
Research and development expenses     4,437     —     4,437     (57 )   4,380  
Reorganization of businesses     596     (596 )   —     —     —  
Other charges     517     (517 )   —     —     —  
   
 
 
 
 
 
Operating earnings (loss)     895     (2,219 )   3,114     11     3,103  

Other income/(expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense, net     (171 )   —     (171 )   (3 )   (168 )
  Gains on sales of investments and businesses     1,570     1,570     —     —     —  
  Other     (63 )   (2 )   (61 )   —     (61 )
   
 
 
 
 
 
Earnings (loss) before income taxes     2,231     (651 )   2,882     8     2,874  
Income tax provision     913     (82 )   831     (2 )   829  
   
 
 
 
 
 
Net earnings (loss)   $ 1,318   $ (733 ) $ 2,051   $ 6   $ 2,045  
   
 
 
 
 
 

Net earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 0.61                     $ 0.94  
  Diluted   $ 0.58                     $ 0.91  

Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     2,170.1                       2,170.1  
  Diluted     2,256.6                       2,256.6  

Dividends paid per share
 
$
0.16
 
 
 
 
 
 
 
 
 
 
$
0.16
 
Net margin on sales     3.5 %                     5.6 %
Return on average invested capital     6.3 %                        

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's net sales by reportable segment for the three months ended March 31, 2001 and April 1, 2000.

 
   For the Quarter Ended March 31, 2001
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
   % Change
from 2000
  
Personal Communications Segment   $ 2,275   $ —   $ 2,275   -30 %
Global Telecom Solutions Segment     1,669     —     1,669   -6 %
Commercial, Govt, and Industrial Solutions Segment     1,043     154     889   2 %
Broadband Communications Segment     818     —     818   21 %
Semiconductor Products Segment     1,483     —     1,483   -22 %
Integrated Electronic Systems Segment     637     —     637   -5 %
Other Products Segment     245     43     202   8 %
Adjustments & Eliminations     (487 )   —     (487 ) 39 %
   
 
 
 
 
  Segment Totals   $ 7,683   $ 197   $ 7,486   -12 %
   
 
 
 
 
 
   For the Quarter Ended April 1, 2000
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
  
Personal Communications Segment   $ 3,232   $ —   $ 3,232  
Global Telecom Solutions Segment     1,770     —     1,770  
Commercial, Govt, and Industrial Solutions Segment     993     122     871  
Broadband Communications Segment     678     —     678  
Semiconductor Products Segment     1,900     —     1,900  
Integrated Electronic Systems Segment     690     16     674  
Other Products Segment     259     72     187  
Adjustments & Eliminations     (802 )   —     (802 )
   
 
 
 
  Segment Totals   $ 8,720   $ 210   $ 8,510  
   
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's operating earnings (loss) by reportable segment for the three months ended March 31, 2001 and April 1, 2000.

 
   For the Quarter Ended March 31, 2001
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (880 ) $ (498 ) $ (382 ) $ —   $ (382 ) -17 %
Global Telecom Solutions Segment     27     (15 )   42     —     42   3 %
Commercial, Govt, and Industrial Solutions Segment     (6 )   (63 )   57     14     43   5 %
Broadband Communications Segment     101     (17 )   118     —     118   14 %
Semiconductor Products Segment     (251 )   (156 )   (95 )   —     (95 ) -6 %
Integrated Electronic Systems Segment     7     (15 )   22     —     22   3 %
Other Products Segment     (97 )   (77 )   (20 )   (5 )   (15 ) -7 %
Adjustments & Eliminations     30     —     30     —     30   -6 %
   
 
 
 
 
 
 
  Segment Totals     (1,069 )   (841 )   (228 )   9     (237 ) -3 %
General Corporate     (37 )   (23 )   (14 )   —     (14 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ (1,106 ) $ (864 ) $ (242 ) $ 9   $ (251 ) -3 %
   
 
 
 
 
 
 
 
   For the Quarter Ended April 1, 2000
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ 68   $ (4 ) $ 72   $ —   $ 72   2 %
Global Telecom Solutions Segment     279     (1 )   280     —     280   16 %
Commercial, Govt, and Industrial Solutions Segment     85     (13 )   98     10     88   10 %
Broadband Communications Segment     85     (8 )   93     —     93   14 %
Semiconductor Products Segment     145     (5 )   150     —     150   8 %
Integrated Electronic Systems Segment     50     (1 )   51     1     50   7 %
Other Products Segment     (10 )   (8 )   (2 )   (4 )   2   1 %
Adjustments & Eliminations     (3 )   —     (3 )   —     (3 ) 0 %
   
 
 
 
 
 
 
  Segment Totals     699     (40 )   739     7     732   9 %
General Corporate     (117 )   (100 )   (17 )   —     (17 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ 582   $ (140 ) $ 722   $ 7   $ 715   8 %
   
 
 
 
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's net sales by reportable segment for the three months ended June 30, 2001 and July 1, 2000.

 
   For the Quarter Ended June 30, 2001
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
   % Change
from 2000
  
Personal Communications Segment   $ 2,493   $ —   $ 2,493   -25 %
Global Telecom Solutions Segment     1,649     —     1,649   -14 %
Commercial, Govt, and Industrial Solutions Segment     1,038     161     877   -13 %
Broadband Communications Segment     820     —     820   7 %
Semiconductor Products Segment     1,250     —     1,250   -38 %
Integrated Electronic Systems Segment     549     —     549   -19 %
Other Products Segment     248     33     215   16 %
Adjustments & Eliminations     (561 )   —     (561 ) 35 %
   
 
 
 
 
  Segment Totals   $ 7,486   $ 194   $ 7,292   -19 %
   
 
 
 
 
 
   For the Quarter Ended July 1, 2000
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
  
Personal Communications Segment   $ 3,328   $ —   $ 3,328  
Global Telecom Solutions Segment     1,911     —     1,911  
Commercial, Govt, and Industrial Solutions Segment     1,133     128     1,005  
Broadband Communications Segment     768     —     768  
Semiconductor Products Segment     2,000     —     2,000  
Integrated Electronic Systems Segment     678     —     678  
Other Products Segment     245     60     185  
Adjustments & Eliminations     (862 )   —     (862 )
   
 
 
 
  Segment Totals   $ 9,201   $ 188   $ 9,013  
   
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's operating earnings (loss) by reportable segment for the three months ended June 30, 2001 and July 1, 2000.

 
   For the Quarter Ended June 30, 2001
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (593 ) $ (398 ) $ (195 ) $ —   $ (195 ) -8 %
Global Telecom Solutions Segment     (106 )   (177 )   71     —     71   4 %
Commercial, Govt, and Industrial Solutions Segment     16     (61 )   77     17     60   7 %
Broadband Communications Segment     55     (86 )   141     —     141   17 %
Semiconductor Products Segment     (444 )   (134 )   (310 )   —     (310 ) -25 %
Integrated Electronic Systems Segment     (33 )   (37 )   4     —     4   1 %
Other Products Segment     (168 )   (114 )   (54 )   (6 )   (48 ) -22 %
Adjustments & Eliminations     67     —     67     —     67   -12 %
   
 
 
 
 
 
 
  Segment Totals     (1,206 )   (1,007 )   (199 )   11     (210 ) -3 %
General Corporate     (91 )   (37 )   (54 )   —     (54 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ (1,297 ) $ (1,044 ) $ (253 ) $ 11   $ (264 ) -4 %
   
 
 
 
 
 
 
 
   For the Quarter Ended July 1, 2000
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ 148   $ (4 ) $ 152   $ —   $ 152   5 %
Global Telecom Solutions Segment     248     (2 )   250     —     250   13 %
Commercial, Govt, and Industrial Solutions Segment     114     (9 )   123     7     116   12 %
Broadband Communications Segment     107     (13 )   120     —     120   16 %
Semiconductor Products Segment     (43 )   (248 )   205     —     205   10 %
Integrated Electronic Systems Segment     40     (7 )   47     —     47   7 %
Other Products Segment     (153 )   (92 )   (61 )   (10 )   (51 ) -28 %
Adjustments & Eliminations     3     1     2     —     2   0 %
   
 
 
 
 
 
 
  Segment Totals     464     (374 )   838     (3 )   841   9 %
General Corporate     (25 )   —     (25 )   —     (25 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ 439   $ (374 ) $ 813   $ (3 ) $ 816   9 %
   
 
 
 
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's net sales by reportable segment for the three months ended September 29, 2001 and September 30, 2000.

 
   For the Quarter Ended September 29, 2001
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
   % Change
from 2000
  
Personal Communications Segment   $ 2,693   $ —   $ 2,693   -16 %
Global Telecom Solutions Segment     1,759     —     1,759   -8 %
Commercial, Govt, and Industrial Solutions Segment     1,027     141     886   -12 %
Broadband Communications Segment     637     —     637   -31 %
Semiconductor Products Segment     1,080     —     1,080   -48 %
Integrated Electronic Systems Segment     513     —     513   -30 %
Other Products Segment     140     21     119   -46 %
Adjustments & Eliminations     (457 )   —     (457 ) 45 %
   
 
 
 
 
  Segment Totals   $ 7,392   $ 162   $ 7,230   -22 %
   
 
 
 
 
 
   For the Quarter Ended September 30, 2000
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
  
Personal Communications Segment   $ 3,214   $ —   $ 3,214  
Global Telecom Solutions Segment     1,909     —     1,909  
Commercial, Govt, and Industrial Solutions Segment     1,141     137     1,004  
Broadband Communications Segment     917     —     917  
Semiconductor Products Segment     2,071     —     2,071  
Integrated Electronic Systems Segment     737     —     737  
Other Products Segment     272     50     222  
Adjustments & Eliminations     (830 )   —     (830 )
   
 
 
 
  Segment Totals   $ 9,431   $ 187   $ 9,244  
   
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's operating earnings (loss) by reportable segment for the three months ended September 29, 2001 and September 30, 2000.

 
   For the Quarter Ended September 29, 2001
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (233 ) $ (284 ) $ 51   $ —   $ 51   2 %
Global Telecom Solutions Segment     (996 )   (1,024 )   28     —     28   2 %
Commercial, Govt, and Industrial Solutions Segment     16     (64 )   80     14     66   7 %
Broadband Communications Segment     46     (67 )   113     —     113   18 %
Semiconductor Products Segment     (418 )   (107 )   (311 )   —     (311 ) -29 %
Integrated Electronic Systems Segment     (46 )   (35 )   (11 )   —     (11 ) -2 %
Other Products Segment     (136 )   (48 )   (88 )   (5 )   (83 ) -70 %
Adjustments & Eliminations     63     —     63     —     63   -14 %
   
 
 
 
 
 
 
  Segment Totals     (1,704 )   (1,629 )   (75 )   9     (84 ) -1 %
General Corporate     (79 )   (49 )   (30 )   —     (30 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ (1,783 ) $ (1,678 ) $ (105 ) $ 9   $ (114 ) -2 %
   
 
 
 
 
 
 
 
   For the Quarter Ended September 30, 2000
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (190 ) $ (392 ) $ 202   $ —   $ 202   6 %
Global Telecom Solutions Segment     122     (111 )   233     —     233   12 %
Commercial, Govt, and Industrial Solutions Segment     112     (11 )   123     (2 )   125   12 %
Broadband Communications Segment     52     (97 )   149     —     149   16 %
Semiconductor Products Segment     57     (155 )   212     —     212   10 %
Integrated Electronic Systems Segment     21     (29 )   50     —     50   7 %
Other Products Segment     (151 )   (67 )   (84 )   (8 )   (76 ) -34 %
Adjustments & Eliminations     1     (1 )   2     —     2   0 %
   
 
 
 
 
 
 
  Segment Totals     24     (863 )   887     (10 )   897   10 %
General Corporate     64     (6 )   70     —     70      
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ 88   $ (869 ) $ 957   $ (10 ) $ 967   10 %
   
 
 
 
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's net sales by reportable segment for the three months ended December 31, 2001 and December 31, 2000.

 
   For the Quarter Ended December 31, 2001
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
   % Change
from 2000
  
Personal Communications Segment   $ 2,975   $ —   $ 2,975   -14 %
Global Telecom Solutions Segment     1,365     —     1,365   -32 %
Commercial, Govt, and Industrial Solutions Segment     1,198     —     1,198   8 %
Broadband Communications Segment     579     —     579   -45 %
Semiconductor Products Segment     1,123     —     1,123   -41 %
Integrated Electronic Systems Segment     540     —     540   -29 %
Other Products Segment     122     —     122   -46 %
Adjustments & Eliminations     (590 )   —     (590 ) 25 %
   
 
 
 
 
  Segment Totals   $ 7,312   $ —   $ 7,312   -25 %
   
 
 
 
 
 
   For the Quarter Ended December 31, 2000
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
  
Personal Communications Segment   $ 3,472   $ —   $ 3,472  
Global Telecom Solutions Segment     2,007     —     2,007  
Commercial, Govt, and Industrial Solutions Segment     1,294     185     1,109  
Broadband Communications Segment     1,053     —     1,053  
Semiconductor Products Segment     1,905     —     1,905  
Integrated Electronic Systems Segment     764     —     764  
Other Products Segment     281     55     226  
Adjustments & Eliminations     (782 )   —     (782 )
   
 
 
 
  Segment Totals   $ 9,994   $ 240   $ 9,754  
   
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's operating earnings (loss) by reportable segment for the three months ended December 31, 2001 and December 31, 2000.

 
   For the Quarter Ended December 31, 2001
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ 121   $ (87 ) $ 208   $ —   $ 208   7 %
Global Telecom Solutions Segment     (334 )   (225 )   (109 )   —     (109 ) -8 %
Commercial, Govt, and Industrial Solutions Segment     26     (155 )   181     —     181   15 %
Broadband Communications Segment     (7 )   (85 )   78     —     78   13 %
Semiconductor Products Segment     (798 )   (514 )   (284 )   —     (284 ) -25 %
Integrated Electronic Systems Segment     (99 )   (72 )   (27 )   —     (27 ) -5 %
Other Products Segment     (115 )   (49 )   (66 )   —     (66 ) -54 %
Adjustments & Eliminations     76     —     76     —     76   -13 %
   
 
 
 
 
 
 
  Segment Totals     (1,130 )   (1,187 )   57     —     57   1 %
General Corporate     (487 )   (407 )   (80 )   —     (80 )    
   
 
 
 
 
 
 
Operating Loss   $ (1,617 ) $ (1,594 ) $ (23 ) $ —   $ (23 ) 0 %
   
 
 
 
 
 
 
 
   For the Quarter Ended December 31, 2000
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (358 ) $ (456 ) $ 98   $ —   $ 98   3 %
Global Telecom Solutions Segment     163     (21 )   184     —     184   9 %
Commercial, Govt, and Industrial Solutions Segment     132     (66 )   198     22     176   16 %
Broadband Communications Segment     123     (42 )   165     —     165   16 %
Semiconductor Products Segment     43     (148 )   191     —     191   10 %
Integrated Electronic Systems Segment     57     (17 )   74     —     74   10 %
Other Products Segment     (188 )   (80 )   (108 )   (4 )   (104 ) -46 %
Adjustments & Eliminations     (67 )   —     (67 )   —     (67 ) 9 %
   
 
 
 
 
 
 
  Segment Totals     (95 )   (830 )   735     18     717   7 %
General Corporate     (119 )   (6 )   (113 )   —     (113 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ (214 ) $ (836 ) $ 622   $ 18   $ 604   6 %
   
 
 
 
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's net sales by reportable segment for the years ended December 31, 2001 and December 31, 2000.

 
   For the Year Ended December 31, 2001
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
   % Change
from 2000
  
Personal Communications Segment   $ 10,436   $ —   $ 10,436   -21 %
Global Telecom Solutions Segment     6,442     —     6,442   -15 %
Commercial, Govt, and Industrial Solutions Segment     4,306     456     3,850   -3 %
Broadband Communications Segment     2,854     —     2,854   -16 %
Semiconductor Products Segment     4,936     —     4,936   -37 %
Integrated Electronic Systems Segment     2,239     —     2,239   -22 %
Other Products Segment     755     97     658   -20 %
Adjustments & Eliminations     (2,095 )   —     (2,095 ) 36 %
   
 
 
 
 
  Segment Totals   $ 29,873   $ 553   $ 29,320   -20 %
   
 
 
 
 
 
   For the Year Ended December 31, 2000
  
 
   Segment Net Sales
  
 
   GAAP Results
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
  
Personal Communications Segment   $ 13,246   $ —   $ 13,246  
Global Telecom Solutions Segment     7,597     —     7,597  
Commercial, Govt, and Industrial Solutions Segment     4,561     572     3,989  
Broadband Communications Segment     3,416     —     3,416  
Semiconductor Products Segment     7,876     —     7,876  
Integrated Electronic Systems Segment     2,869     16     2,853  
Other Products Segment     1,057     237     820  
Adjustments & Eliminations     (3,276 )   —     (3,276 )
   
 
 
 
  Segment Totals   $ 37,346   $ 825   $ 36,521  
   
 
 
 

Motorola, Inc. and Subsidiaries
Segment Information
(In millions)

        Summarized below are the Company's operating earnings (loss) by reportable segment for the years ended December 31, 2001 and December 31, 2000.

 
   For the Year Ended December 31, 2001
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (1,585 ) $ (1,267 ) $ (318 ) $ —   $ (318 ) -3 %
Global Telecom Solutions Segment     (1,409 )   (1,441 )   32     —     32   0 %
Commercial, Govt, and Industrial Solutions Segment     52     (343 )   395     45     350   9 %
Broadband Communications Segment     195     (255 )   450     —     450   16 %
Semiconductor Products Segment     (1,911 )   (911 )   (1,000 )   —     (1,000 ) -20 %
Integrated Electronic Systems Segment     (171 )   (159 )   (12 )   —     (12 ) -1 %
Other Products Segment     (516 )   (288 )   (228 )   (16 )   (212 ) -32 %
Adjustments & Eliminations     236     —     236     —     236   -11 %
   
 
 
 
 
 
 
  Segment Totals     (5,109 )   (4,664 )   (445 )   29     (474 ) -2 %
General Corporate     (694 )   (516 )   (178 )   —     (178 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ (5,803 ) $ (5,180 ) $ (623 ) $ 29   $ (652 ) -2 %
   
 
 
 
 
 
 
 
   For the Year Ended December 31, 2000
  
 
   Segment Operating Earnings (Loss)
  
 
   GAAP Results
   Special Items
Inc/(Exp)
   Excluding
Special Items
   Exited
Businesses
Inc/(Exp)
   Ongoing
Operations
Excluding
Special Items
   % Sales
  
Personal Communications Segment   $ (332 ) $ (856 ) $ 524   $ —   $ 524   4 %
Global Telecom Solutions Segment     812     (135 )   947     —     947   12 %
Commercial, Govt, and Industrial Solutions Segment     443     (99 )   542     37     505   13 %
Broadband Communications Segment     367     (159 )   526     —     526   15 %
Semiconductor Products Segment     202     (556 )   758     —     758   10 %
Integrated Electronic Systems Segment     168     (54 )   222     —     222   8 %
Other Products Segment     (502 )   (247 )   (255 )   (26 )   (229 ) -28 %
Adjustments & Eliminations     (66 )   —     (66 )   —     (66 ) 2 %
   
 
 
 
 
 
 
  Segment Totals     1,092     (2,106 )   3,198     11     3,187   9 %
General Corporate     (197 )   (113 )   (84 )   —     (84 )    
   
 
 
 
 
 
 
Operating Earnings (Loss)   $ 895   $ (2,219 ) $ 3,114   $ 11   $ 3,103   8 %
   
 
 
 
 
 
 


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