|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||
|
Consolidated Balance Sheets | ||||||
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(Millions of dollars, except share amounts) | ||||||
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| ||||||
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|
|
June 30, | ||||
|
|
|
2015 |
|
2014 | ||
|
Assets |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,184 |
|
$ |
1,216 |
|
Short-term investments |
|
|
2,122 |
|
|
1,588 |
|
Accounts receivable, net of allowances of ($17) and ($14) |
|
|
1,434 |
|
|
1,527 |
|
Raw materials |
|
|
112 |
|
|
93 |
|
Work in process |
|
|
940 |
|
|
894 |
|
Finished goods |
|
|
833 |
|
|
757 |
|
Inventories |
|
|
1,885 |
|
|
1,744 |
|
Deferred income taxes |
|
|
347 |
|
|
389 |
|
Prepaid expenses and other current assets |
|
|
1,088 |
|
|
992 |
|
Total current assets |
|
|
8,060 |
|
|
7,456 |
|
Property, plant and equipment at cost |
|
|
6,097 |
|
|
6,452 |
|
Accumulated depreciation |
|
|
(3,412) |
|
|
(3,408) |
|
Property, plant and equipment, net |
|
|
2,685 |
|
|
3,044 |
|
Long-term investments |
|
|
228 |
|
|
219 |
|
Goodwill, net |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles, net |
|
|
1,742 |
|
|
2,062 |
|
Deferred income taxes |
|
|
169 |
|
|
194 |
|
Capitalized software licenses, net |
|
|
63 |
|
|
101 |
|
Overfunded retirement plans |
|
|
127 |
|
|
126 |
|
Other assets |
|
|
96 |
|
|
246 |
|
Total assets |
|
$ |
17,532 |
|
$ |
17,810 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
1,750 |
|
$ |
254 |
|
Accounts payable |
|
|
417 |
|
|
402 |
|
Accrued compensation |
|
|
481 |
|
|
484 |
|
Income taxes payable |
|
|
117 |
|
|
109 |
|
Deferred income taxes |
|
|
3 |
|
|
2 |
|
Accrued expenses and other liabilities |
|
|
425 |
|
|
552 |
|
Total current liabilities |
|
|
3,193 |
|
|
1,803 |
|
Long-term debt |
|
|
3,134 |
|
|
4,394 |
|
Underfunded retirement plans |
|
|
254 |
|
|
224 |
|
Deferred income taxes |
|
|
355 |
|
|
484 |
|
Deferred credits and other liabilities |
|
|
391 |
|
|
439 |
|
Total liabilities |
|
|
7,327 |
|
|
7,344 |
|
Stockholders' equity: |
|
|
|
|
|
|
|
Preferred stock, $25 par value. Authorized – 10,000,000 shares. |
|
|
|
|
|
|
|
Participating cumulative preferred. None issued. |
|
|
— |
|
|
— |
|
Common stock, $1 par value. Authorized – 2,400,000,000 shares. |
|
|
|
|
|
|
|
Shares issued – 1,740,815,939 |
|
|
1,741 |
|
|
1,741 |
|
Paid-in capital |
|
|
1,504 |
|
|
1,273 |
|
Retained earnings |
|
|
30,286 |
|
|
28,686 |
|
Treasury common stock at cost. |
|
|
|
|
|
|
|
Shares: June 30, 2015 – 706,714,155; June 30, 2014 |
|
|
|
|
|
|
|
– 673,260,360 |
|
|
(22,812) |
|
|
(20,722) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(514) |
|
|
(512) |
|
Total stockholders' equity |
|
|
10,205 |
|
|
10,466 |
|
Total liabilities and stockholders' equity |
|
$ |
17,532 |
|
$ |
17,810 |
