TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||
Consolidated Balance Sheets | ||||||
(Millions of dollars, except share amounts) | ||||||
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| ||||||
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|
| September 30, | ||||
|
|
| 2018 |
| 2017 | ||
Assets |
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|
|
|
|
|
Current assets: |
|
|
|
|
|
|
Cash and cash equivalents |
| $ | 1,502 |
| $ | 1,296 |
Short-term investments |
|
| 3,611 |
|
| 2,148 |
Accounts receivable, net of allowances of ($13) and ($14) |
|
| 1,585 |
|
| 1,576 |
Raw materials |
|
| 171 |
|
| 120 |
Work in process |
|
| 1,058 |
|
| 1,103 |
Finished goods |
|
| 887 |
|
| 685 |
Inventories |
|
| 2,116 |
|
| 1,908 |
Prepaid expenses and other current assets |
|
| 654 |
|
| 1,063 |
Total current assets |
|
| 9,468 |
|
| 7,991 |
Property, plant and equipment at cost |
|
| 5,250 |
|
| 4,668 |
Accumulated depreciation |
|
| (2,199) |
|
| (2,101) |
Property, plant and equipment |
|
| 3,051 |
|
| 2,567 |
Long-term investments |
|
| 278 |
|
| 258 |
Goodwill |
|
| 4,362 |
|
| 4,362 |
Acquisition-related intangibles |
|
| 707 |
|
| 1,025 |
Deferred tax assets |
|
| 243 |
|
| 414 |
Capitalized software licenses |
|
| 94 |
|
| 111 |
Overfunded retirement plans |
|
| 220 |
|
| 112 |
Other long-term assets |
|
| 150 |
|
| 89 |
Total assets |
| $ | 18,573 |
| $ | 16,929 |
|
|
|
|
|
|
|
|
| Liabilities and stockholders' equity |
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
| Current portion of long-term debt |
| $ | 749 |
| $ | 499 |
| Accounts payable |
|
| 492 |
|
| 430 |
| Accrued compensation |
|
| 613 |
|
| 635 |
| Income taxes payable |
|
| 104 |
|
| 74 |
| Accrued expenses and other liabilities |
|
| 424 |
|
| 417 |
| Total current liabilities |
|
| 2,382 |
|
| 2,055 |
| Long-term debt |
|
| 4,318 |
|
| 3,084 |
| Underfunded retirement plans |
|
| 86 |
|
| 108 |
| Deferred tax liabilities |
|
| 43 |
|
| 38 |
| Other long-term liabilities |
|
| 1,228 |
|
| 656 |
| Total liabilities |
|
| 8,057 |
|
| 5,941 |
| 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 |
|
| 1,918 |
|
| 1,718 |
| Retained earnings |
|
| 37,378 |
|
| 34,935 |
| Treasury common stock at cost |
|
|
|
|
|
|
| Shares: September 30, 2018 – 775,952,837; September 30, 2017 – 754,459,144 |
|
| (30,167) |
|
| (26,901) |
| Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
| (354) |
|
| (505) |
| Total stockholders' equity |
|
| 10,516 |
|
| 10,988 |
| Total liabilities and stockholders' equity |
| $ | 18,573 |
| $ | 16,929 |
