TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

September 30,

(In millions, except par value)

2022

2021

Assets

Current assets:

     Cash and cash equivalents

$

3,169

$

5,663

     Short-term investments

5,921

4,119

     Accounts receivable, net of allowances of ($10) and ($9)

2,040

1,653

     Raw materials

333

224

     Work in process

1,347

1,034

     Finished goods

724

605

     Inventories

2,404

1,863

     Prepaid expenses and other current assets

238

287

     Total current assets

13,772

13,585

Property, plant and equipment at cost

9,491

6,661

     Accumulated depreciation

(3,006)

(2,640)

     Property, plant and equipment

6,485

4,021

Goodwill

4,362

4,362

Deferred tax assets

291

309

Capitalized software licenses

75

88

Overfunded retirement plans

273

252

Other long-term assets

799

656

Total assets

$

26,057

$

23,273

Liabilities and stockholders' equity

Current liabilities:

     Current portion of long-term debt

$

499

$

500

     Accounts payable

780

534

     Accrued compensation

662

665

     Income taxes payable

123

101

     Accrued expenses and other liabilities

734

613

     Total current liabilities

2,798

2,413

Long-term debt

7,438

7,239

Underfunded retirement plans

69

129

Deferred tax liabilities

92

86

Other long-term liabilities

1,153

1,255

Total liabilities

11,550

11,122

Stockholders' equity:

     Preferred stock, $25 par value. Shares authorized – 10; none issued

—

—

     Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741

1,741

1,741

     Paid-in capital

2,877

2,563

     Retained earnings

49,519

44,847

     Treasury common stock at cost

     Shares: September 30, 2022 – 831; September 30, 2021 – 817

(39,476)

(36,687)

     Accumulated other comprehensive income (loss), net of taxes (AOCI)

(154)

(313)

Total stockholders' equity

14,507

12,151

Total liabilities and stockholders' equity

$

26,057

$

23,273

Certain amounts in the prior period's balance sheet have been reclassified to conform to the current presentation.