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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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September 30, | ||||
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|
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2016 |
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2015 | ||
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Assets |
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|
|
|
|
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Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,369 |
|
$ |
1,133 |
|
Short-term investments |
|
|
1,768 |
|
|
1,602 |
|
Accounts receivable, net of allowances of ($14) and ($16) |
|
|
1,447 |
|
|
1,481 |
|
Raw materials |
|
|
104 |
|
|
108 |
|
Work in process |
|
|
949 |
|
|
913 |
|
Finished goods |
|
|
755 |
|
|
750 |
|
Inventories |
|
|
1,808 |
|
|
1,771 |
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Prepaid expenses and other current assets |
|
|
789 |
|
|
945 |
|
Total current assets |
|
|
7,181 |
|
|
6,932 |
|
Property, plant and equipment at cost |
|
|
4,982 |
|
|
5,742 |
|
Accumulated depreciation |
|
|
(2,437) |
|
|
(3,113) |
|
Property, plant and equipment, net |
|
|
2,545 |
|
|
2,629 |
|
Long-term investments |
|
|
233 |
|
|
216 |
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Goodwill, net |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles, net |
|
|
1,344 |
|
|
1,662 |
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Deferred income taxes |
|
|
355 |
|
|
247 |
|
Capitalized software licenses, net |
|
|
50 |
|
|
54 |
|
Overfunded retirement plans |
|
|
64 |
|
|
76 |
|
Other assets |
|
|
82 |
|
|
81 |
|
Total assets |
|
$ |
16,216 |
|
$ |
16,259 |
|
|
|
|
|
|
|
|
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Liabilities and stockholders' equity |
|
|
|
|
|
|
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Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
634 |
|
$ |
1,000 |
|
Accounts payable |
|
|
428 |
|
|
367 |
|
Accrued compensation |
|
|
647 |
|
|
615 |
|
Income taxes payable |
|
|
68 |
|
|
84 |
|
Accrued expenses and other liabilities |
|
|
393 |
|
|
431 |
|
Total current liabilities |
|
|
2,170 |
|
|
2,497 |
|
Long-term debt |
|
|
2,977 |
|
|
3,121 |
|
Underfunded retirement plans |
|
|
201 |
|
|
247 |
|
Deferred income taxes |
|
|
35 |
|
|
41 |
|
Deferred credits and other liabilities |
|
|
547 |
|
|
383 |
|
Total liabilities |
|
|
5,930 |
|
|
6,289 |
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Stockholders' equity: |
|
|
|
|
|
|
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Preferred stock, $25 par value. Authorized – 10,000,000 shares |
|
|
|
|
|
|
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Participating cumulative preferred – None issued |
|
|
— |
|
|
— |
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Common stock, $1 par value. Authorized – 2,400,000,000 shares |
|
|
|
|
|
|
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Shares issued – 1,740,815,939 |
|
|
1,741 |
|
|
1,741 |
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Paid-in capital |
|
|
1,757 |
|
|
1,562 |
|
Retained earnings |
|
|
32,432 |
|
|
30,731 |
|
Treasury common stock at cost |
|
|
|
|
|
|
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Shares: September 30, 2016 – 739,693,480; September 30, 2015 – 721,186,352 |
|
|
(25,102) |
|
|
(23,551) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(542) |
|
|
(513) |
|
Total stockholders' equity |
|
|
10,286 |
|
|
9,970 |
|
Total liabilities and stockholders' equity |
|
$ |
16,216 |
|
$ |
16,259 |
|
|
|
Certain amounts in the prior period's balance sheet have been reclassified to conform to the current presentation. |
