|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||
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Consolidated Balance Sheets | ||||||
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(Millions of dollars, except share amounts) | ||||||
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| ||||||
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|
|
June 30, | ||||
|
|
|
2018 |
|
2017 | ||
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Assets |
|
|
|
|
|
|
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Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
2,919 |
|
$ |
1,140 |
|
Short-term investments |
|
|
2,211 |
|
|
1,844 |
|
Accounts receivable, net of allowances of ($9) and ($16) |
|
|
1,551 |
|
|
1,469 |
|
Raw materials |
|
|
155 |
|
|
109 |
|
Work in process |
|
|
1,079 |
|
|
1,099 |
|
Finished goods |
|
|
856 |
|
|
739 |
|
Inventories |
|
|
2,090 |
|
|
1,947 |
|
Prepaid expenses and other current assets |
|
|
821 |
|
|
1,111 |
|
Total current assets |
|
|
9,592 |
|
|
7,511 |
|
Property, plant and equipment at cost |
|
|
5,025 |
|
|
4,656 |
|
Accumulated depreciation |
|
|
(2,170) |
|
|
(2,142) |
|
Property, plant and equipment |
|
|
2,855 |
|
|
2,514 |
|
Long-term investments |
|
|
271 |
|
|
250 |
|
Goodwill |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles |
|
|
787 |
|
|
1,105 |
|
Deferred tax assets |
|
|
205 |
|
|
412 |
|
Capitalized software licenses |
|
|
101 |
|
|
114 |
|
Overfunded retirement plans |
|
|
205 |
|
|
99 |
|
Other long-term assets |
|
|
149 |
|
|
71 |
|
Total assets |
|
$ |
18,527 |
|
$ |
16,438 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
— |
|
$ |
499 |
|
Accounts payable |
|
|
492 |
|
|
450 |
|
Accrued compensation |
|
|
472 |
|
|
489 |
|
Income taxes payable |
|
|
120 |
|
|
86 |
|
Accrued expenses and other liabilities |
|
|
382 |
|
|
353 |
|
Total current liabilities |
|
|
1,466 |
|
|
1,877 |
|
Long-term debt |
|
|
5,066 |
|
|
3,084 |
|
Underfunded retirement plans |
|
|
82 |
|
|
101 |
|
Deferred tax liabilities |
|
|
50 |
|
|
33 |
|
Other long-term liabilities |
|
|
1,229 |
|
|
635 |
|
Total liabilities |
|
|
7,893 |
|
|
5,730 |
|
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 |
|
|
1,867 |
|
|
1,683 |
|
Retained earnings |
|
|
36,413 |
|
|
34,149 |
|
Treasury common stock at cost |
|
|
|
|
|
|
|
Shares: June 30, 2018 – 766,450,417; June 30, 2017 – 749,098,850 |
|
|
(29,016) |
|
|
(26,345) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(371) |
|
|
(520) |
|
Total stockholders' equity |
|
|
10,634 |
|
|
10,708 |
|
Total liabilities and stockholders' equity |
|
$ |
18,527 |
|
$ |
16,438 |
