Motorola Solutions (MSI) balance sheet
NYSE · Technology · Communication Equipment · 23,000 employees · CEO Gregory Q. Brown
- Price
- $491.53 -0.11%
- Market cap
- $81.3B
- Enterprise value
- $90.3B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-04 EPS est. $4.42
At the end of Q2 '26 Motorola Solutions (MSI) held $710M in cash and short-term investments against $9.62B of debt incl. leases. Total assets $19.2B, total liabilities $16.6B, shareholders' equity $2.67B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $910M | $1.71B | $1.51B | $1.38B | $1.4B | $2.1B | $1.56B | $3.21B | $894M | $1.17B | $886M | $710M | |
| Receivables | $2.76B | $2.81B | $2.72B | $2.97B | $3.15B | $3.18B | $3.06B | $3.27B | $3.61B | $3.77B | $3.48B | $2.63B | |
| Inventory | $959M | $827M | $840M | $803M | $816M | $766M | $833M | $861M | $943M | $983M | $1.18B | $1.33B | |
| Other current assets | $404M | $381M | $450M | $415M | $439M | $429M | $444M | $343M | $285M | $378M | $323M | $1.46B | |
| Current assets | $5.03B | $5.73B | $5.52B | $5.57B | $5.81B | $6.48B | $5.9B | $7.71B | $5.73B | $6.3B | $5.87B | $6.13B | |
| Property, plant & equipment (net) | $1.38B | $1.46B | $1.49B | $1.51B | $1.58B | $1.55B | $1.56B | $1.66B | $1.68B | $1.75B | $1.77B | $1.17B | |
| Long-term investments | $142M | $143M | $141M | $127M | $140M | $135M | $161M | $180M | $192M | $187M | $236M | $300M | |
| Goodwill | $3.28B | $3.4B | $3.41B | $3.4B | $3.52B | $3.53B | $3.84B | $3.84B | $6.78B | $6.8B | $6.89B | $6.88B | |
| Intangible assets | $1.22B | $1.26B | $1.23B | $1.21B | $1.3B | $1.25B | $1.35B | $1.36B | $3.13B | $3.1B | $3.05B | $2.95B | |
| Deferred tax assets | $1.05B | $1.06B | $1.24B | $1.23B | $1.21B | $1.28B | $1.24B | $1.23B | $767M | $761M | $748M | $733M | |
| Other non-current assets | $336M | $291M | $287M | $354M | $334M | $375M | $383M | $427M | $446M | $491M | $525M | $1.08B | |
| Non-current assets | $7.4B | $7.61B | $7.81B | $7.83B | $8.08B | $8.12B | $8.53B | $8.7B | $13B | $13.1B | $13.2B | $13.1B | |
| Total assets | $12.4B | $13.3B | $13.3B | $13.3B | $13.9B | $14.6B | $14.4B | $16.4B | $18.8B | $19.4B | $19.1B | $19.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $859M | $881M | $822M | $1.02B | $1.05B | $1.18B | $1.01B | $1.08B | $940M | $1.33B | $1.11B | $1.13B | |
| Accrued expenses | $299M | $407M | $365M | $420M | $460M | $454M | $503M | $431M | $425M | $573M | $574M | $476M | |
| Short-term debt | $1.31B | $1.31B | $313M | $565M | $322M | $322M | $322M | $70M | $928M | $749M | $550M | $615M | |
| Taxes payable | $208M | $231M | $325M | $145M | $144M | $217M | $0 | $161M | $0 | $0 | $0 | $0 | |
| Deferred revenue | $1.9B | $2.04B | $1.89B | $1.85B | $1.94B | $2.07B | $1.98B | $2.02B | $2.07B | $2.27B | $2.3B | $2.34B | |
| Other current liabilities | $730M | $439M | $789M | $358M | $455M | $503M | $540M | $394M | $1.02B | $604M | $508M | $506M | |
| Current liabilities | $5.29B | $5.74B | $4.63B | $4.64B | $4.67B | $5.06B | $4.92B | $4.46B | $5.66B | $6.08B | $5.56B | $5.58B | |
| Long-term debt | $4.7B | $4.71B | $5.99B | $5.74B | $5.67B | $5.68B | $5.68B | $7.66B | $8.41B | $8.41B | $8.42B | $8.42B | |
| Lease obligations (non-current) | $368M | $407M | $447M | $421M | $444M | $427M | $412M | $472M | $469M | $471M | $494M | $442M | |
| Deferred revenue (non-current) | $394M | $424M | $430M | $446M | $480M | $496M | $556M | $616M | $670M | $751M | $761M | $844M | |
| Deferred tax liabilities | $72M | $55M | $59M | $57M | $59M | $87M | $87M | $91M | $106M | $124M | $123M | $122M | |
| Other non-current liabilities | $1.23B | $1.27B | $1.23B | $1.22B | $1.23B | $1.14B | $1.12B | $1.12B | $1.14B | $1.13B | $1.17B | $1.15B | |
| Non-current liabilities | $6.77B | $6.86B | $8.16B | $7.88B | $7.88B | $7.82B | $7.85B | $9.96B | $10.8B | $10.9B | $11B | $11B | |
| Total liabilities | $12.1B | $12.6B | $12.8B | $12.5B | $12.5B | $12.9B | $12.8B | $14.4B | $16.5B | $17B | $16.5B | $16.6B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Retained earnings | $1.33B | $1.64B | $1.4B | $1.61B | $1.97B | $2.3B | $2.22B | $2.34B | $2.59B | $2.55B | $2.6B | $2.63B | |
| Accumulated other comprehensive income | -$2.51B | -$2.54B | -$2.55B | -$2.55B | -$2.47B | -$2.54B | -$2.5B | -$2.41B | -$2.42B | -$2.42B | -$2.42B | -$2.43B | |
| Shareholders' equity | $362M | $724M | $521M | $802M | $1.33B | $1.7B | $1.64B | $1.97B | $2.33B | $2.41B | $2.54B | $2.67B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $6.5B | $6.55B | $6.88B | $6.85B | $6.57B | $6.55B | $6.53B | $8.33B | $9.94B | $9.77B | $9.59B | $9.62B | |
| Net debt (debt - cash) | $5.59B | $4.85B | $5.36B | $5.47B | $5.17B | $4.45B | $4.96B | $5.13B | $9.04B | $8.6B | $8.7B | $8.91B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $1.03B | $1.21B | $1.25B | $1B | $1.25B | $1.87B | $1.33B | $1.71B | $2.1B | $1.17B | |
| Receivables | $1.89B | $2.07B | $2.31B | $2.46B | $2.32B | $2.49B | $2.49B | $2.81B | $3.18B | $3.77B | |
| Inventory | $273M | $327M | $356M | $447M | $508M | $788M | $1.06B | $827M | $766M | $983M | |
| Other current assets | $296M | $346M | $354M | $272M | $242M | $259M | $383M | $381M | $429M | $378M | |
| Current assets | $3.43B | $3.95B | $4.27B | $4.18B | $4.33B | $5.41B | $5.26B | $5.73B | $6.48B | $6.3B | |
| Property, plant & equipment (net) | $789M | $856M | $895M | $1.55B | $1.49B | $1.42B | $1.41B | $1.46B | $1.55B | $1.75B | |
| Long-term investments | $238M | $247M | $169M | $159M | $158M | $209M | $147M | $143M | $135M | $187M | |
| Goodwill | $728M | $938M | $1.51B | $2.07B | $2.22B | $2.57B | $3.31B | $3.4B | $3.53B | $6.8B | |
| Intangible assets | $821M | $861M | $1.23B | $1.33B | $1.23B | $1.11B | $1.34B | $1.26B | $1.25B | $3.1B | |
| Deferred tax assets | $2.22B | $1.02B | $985M | $943M | $966M | $916M | $1.04B | $1.06B | $1.28B | $761M | |
| Other non-current assets | $1.02B | $333M | $344M | $422M | $482M | $558M | $310M | $291M | $375M | $491M | |
| Non-current assets | $5B | $4.26B | $5.14B | $6.46B | $6.55B | $6.78B | $7.56B | $7.61B | $8.12B | $13.1B | |
| Total assets | $8.43B | $8.21B | $9.41B | $10.6B | $10.9B | $12.2B | $12.8B | $13.3B | $14.6B | $19.4B | |
| Liabilities | |||||||||||
| Accounts payable | $553M | $593M | $592M | $779M | $612M | $1.09B | $1.21B | $1.02B | $1.18B | $1.33B | |
| Accrued expenses | $870M | $547M | $324M | $521M | $291M | $419M | $408M | $407M | $454M | $573M | |
| Short-term debt | $4M | $52M | $31M | $16M | $12M | $5M | $1M | $1.31B | $322M | $749M | |
| Taxes payable | $111M | $107M | $111M | $95M | $147M | $183M | $367M | $231M | $217M | $0 | |
| Deferred revenue | $873M | $1.04B | $1.26B | $1.45B | $1.55B | $1.65B | $1.86B | $2.04B | $2.07B | $2.27B | |
| Other current liabilities | $1.06B | $821M | $701M | $347M | $747M | $462M | $452M | $439M | $503M | $604M | |
| Current liabilities | $2.63B | $2.93B | $3.1B | $3.44B | $3.49B | $4.06B | $4.56B | $5.74B | $5.06B | $6.08B | |
| Long-term debt | $4.39B | $4.42B | $5.29B | $5.11B | $5.16B | $5.69B | $6.01B | $4.71B | $5.68B | $8.41B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $497M | $402M | $313M | $419M | $407M | $427M | $471M | |
| Deferred revenue (non-current) | $115M | $169M | $214M | $274M | $283M | $306M | $363M | $424M | $496M | $751M | |
| Deferred tax liabilities | $121M | $115M | $201M | $184M | $180M | $183M | $73M | $55M | $87M | $124M | |
| Other non-current liabilities | $2.12B | $2.3B | $1.89B | $1.82B | $1.9B | $1.66B | $1.26B | $1.27B | $1.14B | $1.13B | |
| Non-current liabilities | $6.75B | $7B | $7.59B | $7.89B | $7.93B | $8.15B | $8.12B | $6.86B | $7.82B | $10.9B | |
| Total liabilities | $9.38B | $9.94B | $10.7B | $11.3B | $11.4B | $12.2B | $12.7B | $12.6B | $12.9B | $17B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Retained earnings | $1.15B | $467M | $1.05B | $1.24B | $1.13B | $1.35B | $1.34B | $1.64B | $2.3B | $2.55B | |
| Accumulated other comprehensive income | -$2.32B | -$2.56B | -$2.77B | -$2.44B | -$2.45B | -$2.38B | -$2.54B | -$2.54B | -$2.54B | -$2.42B | |
| Shareholders' equity | -$964M | -$1.74B | -$1.29B | -$700M | -$558M | -$40M | $116M | $724M | $1.7B | $2.41B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $4.4B | $4.47B | $5.32B | $5.75B | $5.7B | $6.13B | $6.55B | $6.55B | $6.55B | $9.77B | |
| Net debt (debt - cash) | $3.37B | $3.27B | $4.06B | $4.75B | $4.45B | $4.26B | $5.23B | $4.85B | $4.45B | $8.6B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-04, 10-Q 2026-04-04, 10-K 2025-12-31, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-31, 10-Q 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-01