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Debt and Credit Facilities
 9 Months Ended
Sep. 27, 2025
Debt Disclosure [Abstract]  
Debt and Credit Facilities Debt and Credit Facilities
September 27, 2025December 31, 2024
7.5% debentures due 2025
$— $252 
6.5% debentures due 2025
— 70 
364-day term loan
749 — 
4.6% senior notes due 2028
697 696 
Term loan due 2028748 — 
6.5% debentures due 2028
24 24 
5.0% senior notes due 2029
397 396 
4.6% senior notes due 2029
802 802 
2.3% senior notes due 2030
896 895 
4.85% senior notes due 2030
595 — 
2.75% senior notes due 2031
846 846 
5.2% senior notes due 2032
496 — 
5.6% senior notes due 2032
597 596 
5.4% senior notes due 2034
894 893 
5.55% senior notes due 2035
892 — 
6.625% senior notes due 2037
38 38 
5.5% senior notes due 2044
397 397 
5.22% debentures due 2097
93 93 
Other short-term borrowings179 — 
9,340 5,998 
Adjustments for unamortized gains on interest rate swap terminations(1)(1)
Less: current portion(928)(322)
Long-term debt$8,411 $5,675 
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. 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 September 27, 2025. During the three months ended September 27, 2025, the weighted average interest rate of the 364-day facility and the term loan due 2028 was 5.30% and 5.25%, respectively.
During the three months ended September 27, 2025, the Company repaid the $70 million aggregate principal amount of the 6.5% debentures due 2025. Additionally, during the nine months ended September 27, 2025, the Company repaid the $252 million aggregate principal amount of the 7.5% debentures due 2025.
On April 25, 2025, the Company entered into a $2.25 billion syndicated, unsecured revolving credit facility maturing in April 2030 which can be used for general corporate purposes and letters of credit (the "2025 Motorola Solutions Credit Agreement"), which replaced the Company's $2.25 billion 2021 Motorola Solutions Credit Agreement scheduled to mature in March 2026. 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 September 27, 2025.
The Company has an unsecured commercial paper program, backed by the 2025 Motorola Solutions Credit Agreement, 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 September 27, 2025, the Company had outstanding other short-term borrowings of $179 million, inclusive of the commercial paper program, with a weighted-average interest rate of 4.52% during the three months ended September 27, 2025.