|
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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March 31, | ||||
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|
|
2017 |
|
2016 | ||
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Assets |
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|
|
|
|
|
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Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,073 |
|
$ |
1,281 |
|
Short-term investments |
|
|
1,976 |
|
|
1,519 |
|
Accounts receivable, net of allowances of ($11) and ($11) |
|
|
1,337 |
|
|
1,269 |
|
Raw materials |
|
|
102 |
|
|
105 |
|
Work in process |
|
|
1,017 |
|
|
888 |
|
Finished goods |
|
|
724 |
|
|
812 |
|
Inventories |
|
|
1,843 |
|
|
1,805 |
|
Prepaid expenses and other current assets |
|
|
811 |
|
|
785 |
|
Total current assets |
|
|
7,040 |
|
|
6,659 |
|
Property, plant and equipment at cost |
|
|
4,833 |
|
|
5,290 |
|
Accumulated depreciation |
|
|
(2,332) |
|
|
(2,736) |
|
Property, plant and equipment, net |
|
|
2,501 |
|
|
2,554 |
|
Long-term investments |
|
|
241 |
|
|
220 |
|
Goodwill, net |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles, net |
|
|
1,184 |
|
|
1,503 |
|
Deferred income taxes |
|
|
361 |
|
|
175 |
|
Capitalized software licenses, net |
|
|
116 |
|
|
53 |
|
Overfunded retirement plans |
|
|
102 |
|
|
84 |
|
Other assets |
|
|
71 |
|
|
76 |
|
Total assets |
|
$ |
15,978 |
|
$ |
15,686 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
378 |
|
$ |
1,249 |
|
Accounts payable |
|
|
429 |
|
|
387 |
|
Accrued compensation |
|
|
352 |
|
|
340 |
|
Income taxes payable |
|
|
77 |
|
|
67 |
|
Accrued expenses and other liabilities |
|
|
366 |
|
|
377 |
|
Total current liabilities |
|
|
1,602 |
|
|
2,420 |
|
Long-term debt |
|
|
2,980 |
|
|
2,869 |
|
Underfunded retirement plans |
|
|
97 |
|
|
195 |
|
Deferred income taxes |
|
|
36 |
|
|
38 |
|
Deferred credits and other liabilities |
|
|
624 |
|
|
382 |
|
Total liabilities |
|
|
5,339 |
|
|
5,904 |
|
Stockholders' equity: |
|
|
|
|
|
|
|
Preferred stock, $25 par value. Authorized – 10,000,000 shares |
|
|
|
|
|
|
|
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 |
|
Paid-in capital |
|
|
1,597 |
|
|
1,515 |
|
Retained earnings |
|
|
33,595 |
|
|
31,500 |
|
Treasury common stock at cost |
|
|
|
|
|
|
|
Shares: March 31, 2017 – 743,085,976; March 31, 2016 – 734,244,179 |
|
|
(25,767) |
|
|
(24,443) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(527) |
|
|
(531) |
|
Total stockholders' equity |
|
|
10,639 |
|
|
9,782 |
|
Total liabilities and stockholders' equity |
|
$ |
15,978 |
|
$ |
15,686 |
|
|
|
Certain amounts in the prior period have been recast to conform to the current presentation. |
