v3.26.1
Debt and Credit Facilities
 6 Months Ended
Jul. 04, 2026
Debt Disclosure [Abstract]  
Debt and Credit Facilities Debt and Credit Facilities
July 4, 2026December 31, 2025
364 day term loan
$550 $749 
4.6% senior notes due 2028
698 698 
6.5% debentures due 2028
24 24 
Term loan due 2028
749 748 
5.0% senior notes due 2029
398 397 
4.6% senior notes due 2029
801 802 
2.3% senior notes due 2030
896 896 
4.85% senior notes due 2030
596 595 
2.75% senior notes due 2031
847 847 
5.2% senior notes due 2032
497 496 
5.6% senior notes due 2032
597 597 
5.4% senior notes due 2034
894 894 
5.55% senior notes due 2035
893 892 
6.625% senior notes due 2037
38 38 
5.5% senior notes due 2044
397 397 
5.22% debentures due 2097
93 93 
Commercial papers65 — 
9,033 9,163 
Adjustments for unamortized gains on interest rate swap terminations(1)(1)
Less: current portion(615)(749)
Long-term debt$8,417 $8,413 
On June 16, 2025, the Company issued $600 million of 4.85% senior notes due 2030, $500 million of 5.2% senior notes due 2032, and $900 million of 5.55% senior notes due 2035. The Company recognized net proceeds of approximately $2.0 billion after debt issuance costs and discounts. The proceeds from these notes were used to fund a portion of the acquisition of Silvus.
On August 6, 2025, the Company borrowed $1.5 billion of senior delayed draw term loan facilities comprised of a $750 million 364-day facility and a $750 million three-year facility ("term loan due 2028") to fund a portion of the acquisition of Silvus. On January 30, 2026, the Company repaid $200 million of the $750 million 364-day facility, reducing the outstanding principal balance to $550 million. The Company must comply with certain customary covenants including a maximum leverage ratio, as defined in the 364-Day Term Loan Credit Agreement and Three-Year Term Loan Credit Agreement, each entered into on July 21, 2025. The Company was in compliance with its financial covenants as of July 4, 2026. During the three months ended July 4, 2026, the weighted average interest rate of the 364-day facility and the term loan due 2028 was 4.73% and 4.85%, respectively. On June 26, 2026, the Company exercised its option under the 364-Day Term Loan Credit Agreement to extend the maturity of $250 million of the outstanding principal amount by one year.
The Company has an unsecured commercial paper program, backed by the 2025 Motorola Solutions Credit Agreement (as defined below), under which the Company may issue unsecured commercial paper notes up to a maximum aggregate principal amount of $2.2 billion outstanding at any one time. Proceeds from the issuances of the notes are expected to be used for general corporate purposes. The notes are issued at a zero-coupon rate and are issued at a discount which reflects the interest component. At maturity, the notes are paid back in full including the interest component. The notes are not redeemable prior to maturity. As of July 4, 2026, the Company had $65 million outstanding debt under the commercial paper program, which had a weighted-average interest rate of 4.03% during the three months ended July 4, 2026.
As of July 4, 2026, the Company had a $2.25 billion syndicated, unsecured revolving credit facility scheduled to mature in April 2030 which can be used for general corporate purposes and letters of credit (the "2025 Motorola Solutions Credit Agreement"). Borrowings under the facility bear interest at the prime rate plus the applicable margin, or at a spread above the Secured Overnight Financing Rate (SOFR), at the Company's option. An annual facility fee is payable on the undrawn amount of the credit line. The interest rate and facility fee are subject to adjustment if the Company's credit rating changes. The Company must comply with certain customary covenants including a maximum leverage ratio, as defined in the 2025 Motorola Solutions Credit Agreement. The Company was in compliance with its financial covenants as of July 4, 2026.