Motorola Solutions Reports Preliminary Fiscal 2014 First Quarter Results

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Motorola Solutions, Inc. and Subsidiaries
Non-GAAP Adjustments (Intangibles Amortization Expense, Stock-Based Compensation Expense and Highlighted Items)
Q1 2014
Highlighted Items Statement Line (Inc)/Exp Inc/(Exp) (Inc)/Exp EPS impact
Intangibles amortization expense Intangibles amortization $ 5 $ 1 $ 4 $ 0.02
Share-based compensation expense Cost of sales, SG&A and R&D 36 11 25 0.10
Reorganization of business charges Cost of sales and Other charges 22 6 16 0.06
Gain on sale of building and land Other charges (21 ) (8 ) (13 ) (0.05 )
Recognition of previously unrecognized income tax benefits Income tax expense - 30 (30 ) (0.12 )
Total impact on Net earnings $ 42 $ 40 $ 2 $ 0.01
Motorola Solutions, Inc. and Subsidiaries
Operating Earnings after Non-GAAP Adjustments
Q1 2014
Net sales $ 1,801
Operating earnings ("OE")   $ 170  
Above-OE non-GAAP adjustments:
Share-based compensation expense 36
Reorganization of business charges 22
Intangibles amortization expense 5
Gain on sale of building and land   (21 )
Total above-OE non-GAAP adjustments 42
Operating earnings after non-GAAP adjustments   $ 212  
Operating earnings as a percentage of net sales - GAAP 9.4 %
Operating earnings as a percentage of net sales - after non-GAAP adjustments   11.8 %

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