TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||||||||
Consolidated Balance Sheets | ||||||||||||
(Millions of dollars, except share amounts) | ||||||||||||
|
| ||||||||||||
|
| June 30, | |||||||||||
|
| 2020 |
| 2019 | |||||||||
Assets |
|
|
| |||||||||
Current assets: |
|
|
| |||||||||
Cash and cash equivalents | $ | 4,294 |
| $ | 3,813 | |||||||
Short-term investments | 666 |
| 405 | |||||||||
Accounts receivable, net of allowances of ($9) and ($15) | 1,176 |
| 1,419 | |||||||||
Raw materials | 182 |
| 176 | |||||||||
Work in process | 977 |
| 958 | |||||||||
Finished goods | 977 |
| 945 | |||||||||
Inventories | 2,136 |
| 2,079 | |||||||||
Prepaid expenses and other current assets | 216 |
| 240 | |||||||||
Total current assets | 8,488 |
| 7,956 | |||||||||
Property, plant and equipment at cost | 5,741 |
| 5,706 | |||||||||
Accumulated depreciation | (2,540) |
| (2,341) | |||||||||
Property, plant and equipment | 3,201 |
| 3,365 | |||||||||
Long-term investments | 36 |
| 300 | |||||||||
Goodwill | 4,362 |
| 4,362 | |||||||||
Acquisition-related intangibles | 240 |
| 469 | |||||||||
Deferred tax assets | 236 |
| 261 | |||||||||
Capitalized software licenses | 141 |
| 88 | |||||||||
Overfunded retirement plans | 223 |
| 104 | |||||||||
Other long-term assets | 518 |
| 479 | |||||||||
Total assets | $ | 17,445 |
| $ | 17,384 | |||||||
|
|
|
|
| |||||||||
Liabilities and stockholders' equity |
|
|
| |||||||||
Current liabilities: |
|
|
| |||||||||
Current portion of long-term debt | $ | 551 |
| $ | 1,249 | |||||||
Accounts payable | 409 |
| 412 | |||||||||
Accrued compensation | 505 |
| 476 | |||||||||
Income taxes payable | 179 |
| 87 | |||||||||
| Accrued expenses and other liabilities | 519 |
| 422 | |||||||||
| Total current liabilities | 2,163 |
| 2,646 | |||||||||
| Long-term debt | 6,245 |
| 4,558 | |||||||||
| Underfunded retirement plans | 99 |
| 121 | |||||||||
| Deferred tax liabilities | 60 |
| 49 | |||||||||
| Other long-term liabilities | 1,234 |
| 1,524 | |||||||||
| Total liabilities | 9,801 |
| 8,898 | |||||||||
| 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 | 2,182 |
| 2,003 | |||||||||
| Retained earnings | 40,780 |
| 38,974 | |||||||||
| Treasury common stock at cost |
|
|
| |||||||||
| Shares: June 30, 2020 – 825,225,307; June 30, 2019 – 806,251,136 | (36,725) |
| (33,775) | |||||||||
| Accumulated other comprehensive income (loss), net of taxes (AOCI) | (334) |
| (457) | |||||||||
| Total stockholders' equity | 7,644 |
| 8,486 | |||||||||
| Total liabilities and stockholders' equity | $ | 17,445 |
| $ | 17,384 | |||||||
