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MSIMotorola Solutions

Technology · Communications Equipment · NYSE
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The 10-K against last year's

164 changes: 24 added, 30 removed, 109 reworded, 1 quiet changes

10-K Feb 12, 2026 vs Feb 14, 2025
Risk FactorsRedline ↓
13.2%
of the text changed · 11,561 words now
MD&ARedline ↓
27.4%
of the text changed · 11,774 words now
Legal ProceedingsRedline ↓
45.9%
of the text changed · 990 words now
Accounting PoliciesRedline ↓
9.2%
of the text changed · 6,052 words now

10-K 0000068505-26-000010 (2026-02-12) vs 10-K 0000068505-25-000012 (2025-02-14)

The redline

The paragraph that changed most in each section

Marked against last year's 10-K: cut words struck through, new words highlighted and underlined.

MD&A 280 words changed in this paragraph; it is 51% similar to last year's version.
Segment Technology Acquisition Description Purchase Price Date of Acquisition Software and Services Video Security and Access Control Blue Eye Provider of AI-powered enterprise remote video monitoring ("RVM") services. $79 million and share-based compensation of $1 million November 18, 2025 Products and Systems Integration Mission Critical Networks Silvus Designer and developer of software-defined high-speed MANET technology. $4.4 billion and share-based compensation of $20 million August 6, 2025 & Software and Services Software and Services Command Center Theatro Creator of AI and voice-powered communication and digital workflow software for frontline workers. $174 million and share-based compensation of $5 million March 6, 2025 Software and Services Command Center RapidDeploy Provider of cloud-native 911 solutions. $240 million and share-based compensation of $6 million February 21, 2025 Software and Services Command Center 3tc Software Provider of control room software solutions. $22 $23 million and share-based compensation of $4 million October 29, 2024 Software and Services Command Center Noggin Provider of cloud-based business continuity planning, operational resilience and critical event management software. $91 $92 million and share-based compensation of $19 million July 1, 2024 Software and Services Video Security and Access Control Unnamed vehicle location and management solutions business Provider of vehicle location and management solutions. $132 million and share-based compensation of $3 million July 1, 2024 Products and Systems Integration Video Security and Access Control Silent Sentinel Provider of specialized, long-range cameras. $37 million February 13, 2024 Products and Systems Integration Video Security and Access Control IPVideo Creator of a multifunctional safety and security device. $170 million and share-based compensation of $5 million December 15, 2023 Software and Services Command Center Rave Mobile Provider of mass notification and incident management services. $553 million and share-based compensation of $2 million December 14, 2022 Products and Systems Integration LMR Communications Futurecom Provider of radio coverage extension solutions. $30 million October 25, 2022 Products and Systems Integration LMR Communications Barrett Communications Provider of specialized radio communications. $18 million August 8, 2022 Products and Systems Integration Video Security and Access Control Videotec Provider of ruggedized video security solutions. $23 million and share-based compensation of $4 million May 12, 2022 Software and Services Video Security and Access Control Calipsa Provider of cloud-native advanced video analytics. $39 million and share-based compensation of $4 million April 19, 2022 Software and Services LMR Communications TETRA Ireland Provider of Ireland's National Digital Radio Service. $120 million March 23, 2022 Products and Systems Integration Video Security and Access Control Ava Provider of cloud-native video security and analytics. $388 million and share-based awards and compensation of $7 million March 3, 2022 Software and Services

Source: Item 7, 10-K 0000068505-26-000010 vs Item 7, 10-K 0000068505-25-000012

Legal Proceedings 234 words changed in this paragraph; it is 34% similar to last year's version.
On December 17, 2020, Subsequently, the District Court held that ordered Hytera must to pay the Company a forward-looking reasonable royalty on products ("I-Series") that use the Company’s stolen trade secrets, and on December 15, 2021, set setting royalty rates for Hytera's sale of relevant products from July 1, 2019 forward. On July 5, 2022, the District Court ordered that Hytera pay into a third-party escrow on July 31, 2022, the royalties owed to the Company based on the sale of relevant products from July 1, 2019 to June 30, 2022. Hytera failed to make the required royalty payment on July 31, 2022. On August 1, 2022, Hytera filed a motion to modify or stay the District Court's previous July 5, 2022 royalty order, which the District Court denied on July 11, 2023. On August 3, 2022, the Company filed a motion seeking to hold Hytera in civil contempt for violating the royalty order by not making the required royalty payment on July 31, 2022. On August 26, 2023, the District Court granted the Company's contempt motion. As a result, on September 1, 2023, Hytera made a payment of $56 million into the third-party escrow. In addition to the September 1, 2023 payment of $56 million, Hytera has made de minimis quarterly royalty payments into the third-party escrow from October 2022 up through November 2024. Future royalty payments are expected to be paid directly to the Company. The aggregate amount 2024, amounts paid into escrow of approximately $61 million was were released to the Company on November 26, 2024 and was recorded as a gain within Other Charges (Income) charges within the Consolidated Statement of Operations. Hytera made quarterly de minimis royalty payments related to the I-Series products directly to the Company in 2025.

Source: Item 3, via Note 12 – Commitments and Contingencies, 10-K 0000068505-26-000010 vs Item 3, via Note 12 – Commitments and Contingencies, 10-K 0000068505-25-000012

Risk Factors 230 words changed in this paragraph; it is 54% similar to last year's version.
There is increasing scrutiny are evolving and evolving sometimes conflicting expectations from investors, customers, lawmakers, regulators and other stakeholders on ESG-related practices social and sustainability considerations and disclosures, including those related to environmental stewardship, climate change, diversity, equity and inclusion ("DEI"), human capital, forced labor, and workplace conduct. conduct and the use cases of our products. Regulators have imposed, and likely will may continue to impose, ESG-related social and sustainability-related legislation, rules and guidance, which may conflict with one another and impose additional costs on us or expose us to new or additional risks, including requiring additional reporting that will expand the public's access to our programs and metrics. In addition, recent "anti-ESG" sentiment has gained momentum in the U.S., metrics or impose changes to our manufacturing practices, operations and/or product designs. Additionally, some stakeholders may disagree with certain lawmakers our goals, initiatives and interest groups having proposed or enacted "anti-ESG" policies, legislation, or initiatives or issued related legal opinions. Furthermore, President Trump recently issued a series of executive orders, some of which target programs related to DEI and climate change. The Trump Administration has indicated that it will continue to scrutinize these programs. Moreover, certain organizations that provide information to investors have developed ratings for evaluating companies on their approach to different ESG-related matters, and unfavorable ratings of us or our industries may lead to negative investor sentiment other actions and the diversion focus of investment to other companies or industries. We have elected to share publicly our ongoing ESG-related efforts in our proxy statement, Corporate Responsibility Report, TCFD Report, and on our corporate website. stakeholders may evolve over time. Our business may face higher expectations as well as increased scrutiny related to these activities. Our failure or perceived failure to achieve our goals, further our initiatives, adhere to our public statements, comply with sustainability laws and regulations, or meet or maintain ESG-related goals or otherwise respond to anti-ESG efforts evolving and varied stakeholder expectations and standards could harm our reputation, adversely impact our ability to attract and retain employees or customers, expose us to increased scrutiny from the investment community or enforcement authorities or otherwise adversely affect our business and results of operations.

Source: Item 1A, 10-K 0000068505-26-000010 vs Item 1A, 10-K 0000068505-25-000012

Accounting Policies 113 words changed in this paragraph; it is 32% similar to last year's version.
In December 2023, September 2025, the FASB Financial Accounting Standards Board ("FASB") issued ASU Accounting Standard Update ("ASU") No. 2023-09, “Income Taxes (Topic 740): 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to Income Tax Disclosures,” which expands disclosures in an entity's income tax rate reconciliation table and disclosures regarding cash taxes paid both in the U.S. and foreign jurisdictions. This Accounting for Internal-Use Software" to modernize the accounting for internal-use software costs. The ASU is effective for fiscal years beginning after December 15, 2024, 2027 and interim periods with annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company anticipates that it will have additional disclosures regarding cash taxes is still evaluating the complete impact of the adoption of this ASU on its financial statements and the income tax rate reconciliation once it adopts this ASU. disclosures.

Source: Item 8, Note 1 – Summary of Significant Accounting Policies, 10-K 0000068505-26-000010 vs Item 8, Note 1 – Summary of Significant Accounting Policies, 10-K 0000068505-25-000012

Every change, by type

Sentences and paragraphs added, removed or reworded

Sentences and paragraphs of MSI's Risk Factors and MD&A, 10-K 2026-02-12 against 10-K 2025-02-14. Each links to the text at sec.gov.

All 164 Added 24Removed 30Reworded 109Quiet changes 1
AddedRisk Factors
Our business with U.S. government customers depends, in part, upon our customers’ continued expenditures on programs in areas we support such as law enforcement and national security. These expenditures have not remained constant over time, have been and in the future may be reduced in certain periods, and have been and in the future may be affected by efforts to reduce costs generally. Our business with U.S. government customers has been negatively impacted in the past, and may continue to be negatively impacted in the future, by certain of the following factors, among others:

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedRisk Factors
While the 2025 enactment of the One Big Beautiful Bill Act (“OBBBA”) introduced several taxpayer-favorable provisions, such as the restoration of immediate expensing for qualified domestic research and experimental expenditures, it has also added complexity to the U.S. tax code. For example, the interplay between new domestic incentives and modified international provisions, without future comprehensive administrative guidance, creates complexity with respect to our compliance with the OBBBA. Any future guidance or interpretations of the OBBBA, or any actual or perceived noncompliance with the OBBBA by us, could result in an increase to our U.S. tax liability and a resulting adverse impact on our future operating results.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
We support public safety and defense agencies in their mission to help protect communities and countries. We additionally serve our growing base of enterprise customers, including schools, hospitals, businesses and stadiums, as the criticality of safety and security becomes increasingly important. Across these diverse sectors, our technologies facilitate the connection between those in need and those who can help, enabling the collaboration that is critical for a more proactive approach to safety and security.

Read it in 10-K 2026-02-12 at sec.gov ↗

Show the other 11
AddedMD&A
Our Command Center portfolio offers cloud-native, on-premises and hybrid software solutions that support the entire public safety workflow, from the initial 911 call through case closure. Our portfolio includes software applications and AI-powered capabilities that unify voice and data from public safety agencies, enterprises and the community, enabling a broad informational view of operations and incidents while helping to accelerate workflows and improve the accuracy, speed and trust of decisions. Our software serves call takers, dispatchers, first responders, intelligence analysts, records and evidence specialists, detectives, crime analysts, and corrections officers.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
Command Center also includes interoperability solutions, ensuring communication across LMR and broadband networks, enabling critical connectivity solutions for both public safety and enterprise customers. We provide flexibility with both cloud-native applications for the command center and devices, as well as cloud features that augment existing on-premises applications, allowing customers to optimize technology investments and adopt a hybrid approach.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
The current global trade environment is complex and evolving. In 2025, the U.S. initiated a series of trade actions which imposed new tariffs and increased existing tariffs on goods imported from various countries, contributing to a global trade landscape subject to evolving tariffs, import/export regulations, including restrictions around rare earth minerals, trade barriers and trade disputes. We continue to monitor the impact of the current trade environment, including tariffs implemented under the International Emergency Economic Powers Act (IEEPA), for the impacts of policy volatility, pending judicial outcomes, and evolving geopolitical events that may impact our supply chain costs and operational efficiency. In addition, we are observing shifting dynamics in the memory market driven by substantial demand from the AI data center sector. As a result, we continue to observe elevated volatility and uncertainty around the global supply chain.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
We engage with global suppliers across a diverse network of locations around the world. We continue to work with our global supply base to mitigate our exposure to the risks to global reciprocal (and sectoral) tariffs, navigate import/export regulations that have developed, and which may continue to develop, and mitigate our exposure to rising costs to facilitate continued supply at levels in order to meet our current customer demand. As a result of the dynamic global supply chain environment, we have experienced increased costs on materials and components, which we have substantially mitigated during 2025 and for which we expect to continue to develop mitigation actions going forward.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
We continue to see demand for our products and services supported by a multitude of funding sources. In July 2025, the “One Big Beautiful Bill Act” (“OBBBA”) was enacted into law by the President of the United States, which provided a number of changes including funding over the next four years for border security, national security and other opportunities. We expect OBBBA to provide an additional source of funding to our federal government customers over the four-year period available through OBBBA.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
We expect continued growth opportunities spanning public safety, government, including defense, and enterprise industries, driven by investments, including acquisitions, in our integrated ecosystem of MCN, Video and Command Center technologies. We believe uniting these safety and security technologies into a tightly integrated workflow enables better outcomes and drives long-term growth. We expect customers will increasingly turn to these integrated solutions to modernize operations and bridge data silos, streamlining workflows to enhance productivity, speed and safety.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
As global threats and large-scale incidents rise, we believe our foundational communications backbone provides the scale, security and reliability that our customers depend on. Grounded in our mission-critical communications expertise, we enable the connectivity platform and services that integrate LMR, broadband and MANET that allows customers to operationalize intelligence across diverse environments, underscoring the necessity for secure, resilient networks. We further expect our investments in our intelligent network footprint will position us well within the defense sector as global investments in drones, unmanned systems and resilient tactical networks rise.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
We believe our Command Center portfolio will continue to serve as the central operational hub for our customers, unifying technologies to streamline workflows from "911 call to case closure" and across complex enterprise environments, while accelerating the transition to our cloud solutions. Assist, our mission-critical AI, operationalizes intelligence across the command center to enable automation and deliver high-fidelity insights. In public safety, Assist enables 911 transcription, live translation and narrative development to accelerate response and enhance reporting accuracy. In enterprise settings, Assist enables proactive threat detection and operational efficiency to help protect personnel and assets.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
We expect that our customers will continue to turn to cloud-based integrated solutions which will drive increased growth across our portfolio of native cloud and hybrid solutions. We remain focused on providing customers the flexibility to deploy technology with the model that best fits their sovereignty and operational needs. As the digital threat landscape evolves, we expect customers to increasingly rely on our cybersecurity protection and 24/7 managed and support services.

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
The information set forth above in "Effective Tax Rate" has been revised to reflect our election to apply the retrospective transition method of ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosure."

Read it in 10-K 2026-02-12 at sec.gov ↗

AddedMD&A
Years Ended December 31 2025 2024 2023 Cash flows provided by (used for): Operating activities $ 2,837 $ 2,391 $ 2,044 Investing activities (5,164) (507) (414) Financing activities 1,309 (1,448) (1,295) Effect of exchange rates on cash and cash equivalents 81 (39) 45 Increase (decrease) in cash and cash equivalents $ (937) $ 397 $ 380

Read it in 10-K 2026-02-12 at sec.gov ↗

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