|
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||
|
Consolidated Balance Sheets | ||||
|
(Millions of dollars, except share amounts) | ||||
|
| ||||
|
|
|
June 30, | ||
|
|
|
2014 |
|
2013 |
|
Assets |
|
|
|
|
|
Current assets: |
|
|
|
|
|
Cash and cash equivalents |
|
$ 1,216 |
|
$ 1,180 |
|
Short-term investments |
|
1,588 |
|
2,064 |
|
Accounts receivable, net of allowances of ($14) and ($31) |
|
1,527 |
|
1,491 |
|
Raw materials |
|
93 |
|
101 |
|
Work in process |
|
894 |
|
926 |
|
Finished goods |
|
757 |
|
693 |
|
Inventories |
|
1,744 |
|
1,720 |
|
Deferred income taxes |
|
389 |
|
474 |
|
Prepaid expenses and other current assets |
|
992 |
|
1,109 |
|
Total current assets |
|
7,456 |
|
8,038 |
|
Property, plant and equipment at cost |
|
6,452 |
|
6,679 |
|
Accumulated depreciation |
|
(3,408) |
|
(3,068) |
|
Property, plant and equipment, net |
|
3,044 |
|
3,611 |
|
Long-term investments |
|
219 |
|
203 |
|
Goodwill, net |
|
4,362 |
|
4,362 |
|
Acquisition-related intangibles, net |
|
2,062 |
|
2,388 |
|
Deferred income taxes |
|
194 |
|
253 |
|
Capitalized software licenses, net |
|
101 |
|
159 |
|
Overfunded retirement plans |
|
126 |
|
106 |
|
Other assets |
|
246 |
|
278 |
|
Total assets |
|
$ 17,810 |
|
$ 19,398 |
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
Current portion of long-term debt |
|
$ 254 |
|
$ 1,000 |
|
Accounts payable |
|
402 |
|
437 |
|
Accrued compensation |
|
484 |
|
463 |
|
Income taxes payable |
|
109 |
|
218 |
|
Deferred income taxes |
|
2 |
|
2 |
|
Accrued expenses and other liabilities |
|
552 |
|
682 |
|
Total current liabilities |
|
1,803 |
|
2,802 |
|
Long-term debt |
|
4,394 |
|
4,165 |
|
Underfunded retirement plans |
|
224 |
|
240 |
|
Deferred income taxes |
|
484 |
|
584 |
|
Deferred credits and other liabilities |
|
439 |
|
539 |
|
Total liabilities |
|
7,344 |
|
8,330 |
|
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 |
|
1,273 |
|
1,117 |
|
Retained earnings |
|
28,686 |
|
27,677 |
|
Treasury common stock at cost. Shares: June 30, 2014 – 673,260,360; June 30, 2013 – 639,643,135 |
|
(20,722) |
|
(18,877) |
|
Accumulated other comprehensive income (loss), net of taxes |
|
(512) |
|
(590) |
|
Total stockholders' equity |
|
10,466 |
|
11,068 |
|
Total liabilities and stockholders' equity |
|
$ 17,810 |
|
$ 19,398 |
