TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES | ||||||
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Consolidated Balance Sheets |
| September 30, | ||||
(Millions of dollars, except share amounts) |
| 2021 |
| 2020 | ||
Assets |
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Current assets: |
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Cash and cash equivalents |
| $ | 5,663 |
| $ | 2,822 |
Short-term investments |
| 4,119 |
| 2,696 | ||
Accounts receivable, net of allowances of ($9) and ($12) |
| 1,653 |
| 1,392 | ||
Raw materials |
| 224 |
| 192 | ||
Work in process |
| 1,034 |
| 959 | ||
Finished goods |
| 605 |
| 921 | ||
Inventories |
| 1,863 |
| 2,072 | ||
Prepaid expenses and other current assets |
| 287 |
| 277 | ||
Total current assets |
| 13,585 |
| 9,259 | ||
Property, plant and equipment at cost |
| 6,661 |
| 5,698 | ||
Accumulated depreciation |
| (2,640) |
| (2,508) | ||
Property, plant and equipment |
| 4,021 |
| 3,190 | ||
Goodwill |
| 4,362 |
| 4,362 | ||
Acquisition-related intangibles |
| 9 |
| 189 | ||
Deferred tax assets |
| 309 |
| 299 | ||
Capitalized software licenses |
| 88 |
| 133 | ||
Overfunded retirement plans |
| 252 |
| 227 | ||
Other long-term assets |
| 647 |
| 548 | ||
Total assets |
| $ | 23,273 |
| $ | 18,207 |
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Liabilities and stockholders' equity |
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Current liabilities: |
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Current portion of long-term debt |
| $ | 500 |
| $ | 550 |
| Accounts payable |
| 596 |
| 411 | ||
| Accrued compensation |
| 665 |
| 656 | ||
| Income taxes payable |
| 101 |
| 44 | ||
| Accrued expenses and other liabilities |
| 551 |
| 524 | ||
| Total current liabilities |
| 2,413 |
| 2,185 | ||
| Long-term debt |
| 7,239 |
| 6,247 | ||
| Underfunded retirement plans |
| 129 |
| 103 | ||
| Deferred tax liabilities |
| 86 |
| 69 | ||
| Other long-term liabilities |
| 1,255 |
| 1,278 | ||
| Total liabilities |
| 11,122 |
| 9,882 | ||
| Stockholders' equity: |
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| Preferred stock, $25 par value. Authorized – 10,000,000 shares; none issued |
| — |
| — | ||
| 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 | ||
| Paid-in capital |
| 2,563 |
| 2,257 | ||
| Retained earnings |
| 44,847 |
| 41,305 | ||
| Treasury common stock at cost |
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| Shares: September 30, 2021 – 817,400,928; September 30, 2020 – 823,174,578 |
| (36,687) |
| (36,643) | ||
| Accumulated other comprehensive income (loss), net of taxes (AOCI) |
| (313) |
| (335) | ||
| Total stockholders' equity |
| 12,151 |
| 8,325 | ||
| Total liabilities and stockholders' equity |
| $ | 23,273 |
| $ | 18,207 |
