Zebra settles patent litigation with Honeywell; to pay $360M in quarterly installments

ZEBRA TECHNOLOGIES CORP

Agreed to pay Honeywell $360M for past damages, charged in Q2 2022, paid in 8 equal quarterly installments.
Entered royalty-free cross-license covering each party's existing patent portfolios for life of patents.
Both parties deny liability and mutually release all past claims; dismiss all pending IP litigation in US and abroad.
Settlement removes patent litigation overhang but results in $360M charge.

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