|
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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|
|
September 30, | ||||
|
|
|
2017 |
|
2016 | ||
|
Assets |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,296 |
|
$ |
1,369 |
|
Short-term investments |
|
|
2,148 |
|
|
1,768 |
|
Accounts receivable, net of allowances of ($14) and ($14) |
|
|
1,576 |
|
|
1,447 |
|
Raw materials |
|
|
120 |
|
|
104 |
|
Work in process |
|
|
1,103 |
|
|
949 |
|
Finished goods |
|
|
685 |
|
|
755 |
|
Inventories |
|
|
1,908 |
|
|
1,808 |
|
Prepaid expenses and other current assets |
|
|
1,063 |
|
|
789 |
|
Total current assets |
|
|
7,991 |
|
|
7,181 |
|
Property, plant and equipment at cost |
|
|
4,668 |
|
|
4,982 |
|
Accumulated depreciation |
|
|
(2,101) |
|
|
(2,437) |
|
Property, plant and equipment, net |
|
|
2,567 |
|
|
2,545 |
|
Long-term investments |
|
|
258 |
|
|
233 |
|
Goodwill, net |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles, net |
|
|
1,025 |
|
|
1,344 |
|
Deferred income taxes |
|
|
414 |
|
|
355 |
|
Capitalized software licenses, net |
|
|
111 |
|
|
50 |
|
Overfunded retirement plans |
|
|
112 |
|
|
64 |
|
Other assets |
|
|
89 |
|
|
82 |
|
Total assets |
|
$ |
16,929 |
|
$ |
16,216 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
499 |
|
$ |
634 |
|
Accounts payable |
|
|
430 |
|
|
428 |
|
Accrued compensation |
|
|
635 |
|
|
647 |
|
Income taxes payable |
|
|
74 |
|
|
68 |
|
Accrued expenses and other liabilities |
|
|
417 |
|
|
393 |
|
Total current liabilities |
|
|
2,055 |
|
|
2,170 |
|
Long-term debt |
|
|
3,084 |
|
|
2,977 |
|
Underfunded retirement plans |
|
|
108 |
|
|
201 |
|
Deferred income taxes |
|
|
38 |
|
|
35 |
|
Deferred credits and other liabilities |
|
|
656 |
|
|
547 |
|
Total liabilities |
|
|
5,941 |
|
|
5,930 |
|
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 |
|
|
1,718 |
|
|
1,624 |
|
Retained earnings |
|
|
34,935 |
|
|
32,565 |
|
Treasury common stock at cost |
|
|
|
|
|
|
|
Shares: September 30, 2017 – 754,459,144; September 30, 2016 – 739,693,480 |
|
|
(26,901) |
|
|
(25,102) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(505) |
|
|
(542) |
|
Total stockholders' equity |
|
|
10,988 |
|
|
10,286 |
|
Total liabilities and stockholders' equity |
|
$ |
16,929 |
|
$ |
16,216 |
|
|
|
Certain amounts in the prior period have been recast to conform to the current presentation. |
