|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||
|
Consolidated Balance Sheets | ||||||
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(Millions of dollars, except share amounts) | ||||||
|
| ||||||
|
|
|
September 30, | ||||
|
|
|
2015 |
|
2014 | ||
|
Assets |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,133 |
|
$ |
1,306 |
|
Short-term investments |
|
|
1,602 |
|
|
1,880 |
|
Accounts receivable, net of allowances of ($16) and ($15) |
|
|
1,481 |
|
|
1,477 |
|
Raw materials |
|
|
108 |
|
|
97 |
|
Work in process |
|
|
913 |
|
|
905 |
|
Finished goods |
|
|
750 |
|
|
749 |
|
Inventories |
|
|
1,771 |
|
|
1,751 |
|
Deferred income taxes |
|
|
357 |
|
|
378 |
|
Prepaid expenses and other current assets |
|
|
945 |
|
|
964 |
|
Total current assets |
|
|
7,289 |
|
|
7,756 |
|
Property, plant and equipment at cost |
|
|
5,742 |
|
|
6,393 |
|
Accumulated depreciation |
|
|
(3,113) |
|
|
(3,463) |
|
Property, plant and equipment, net |
|
|
2,629 |
|
|
2,930 |
|
Long-term investments |
|
|
216 |
|
|
219 |
|
Goodwill, net |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles, net |
|
|
1,662 |
|
|
1,982 |
|
Deferred income taxes |
|
|
160 |
|
|
177 |
|
Capitalized software licenses, net |
|
|
54 |
|
|
93 |
|
Overfunded retirement plans |
|
|
76 |
|
|
135 |
|
Other assets |
|
|
92 |
|
|
246 |
|
Total assets |
|
$ |
16,540 |
|
$ |
17,900 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
1,000 |
|
$ |
1,002 |
|
Accounts payable |
|
|
367 |
|
|
393 |
|
Accrued compensation |
|
|
615 |
|
|
613 |
|
Income taxes payable |
|
|
84 |
|
|
106 |
|
Deferred income taxes |
|
|
3 |
|
|
2 |
|
Accrued expenses and other liabilities |
|
|
431 |
|
|
527 |
|
Total current liabilities |
|
|
2,500 |
|
|
2,643 |
|
Long-term debt |
|
|
3,132 |
|
|
3,643 |
|
Underfunded retirement plans |
|
|
247 |
|
|
222 |
|
Deferred income taxes |
|
|
308 |
|
|
450 |
|
Deferred credits and other liabilities |
|
|
383 |
|
|
471 |
|
Total liabilities |
|
|
6,570 |
|
|
7,429 |
|
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 |
|
|
1,562 |
|
|
1,314 |
|
Retained earnings |
|
|
30,731 |
|
|
29,189 |
|
Treasury common stock at cost |
|
|
|
|
|
|
|
Shares: September 30, 2015 – 721,186,352; September 30, 2014 |
|
|
|
|
|
|
|
– 684,515,992 |
|
|
(23,551) |
|
|
(21,305) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(513) |
|
|
(468) |
|
Total stockholders' equity |
|
|
9,970 |
|
|
10,471 |
|
Total liabilities and stockholders' equity |
|
$ |
16,540 |
|
$ |
17,900 |
