TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

June 30,

(In millions, except par value)

2024

2023

Assets

Current assets:

   Cash and cash equivalents

$

2,740

$

3,439

   Short-term investments

6,948

6,113

   Accounts receivable, net of allowances of ($28) and ($16)

1,711

1,956

   Raw materials

405

388

   Work in process

2,072

2,110

   Finished goods

1,629

1,231

   Inventories

4,106

3,729

   Prepaid expenses and other current assets

1,284

277

   Total current assets

16,789

15,514

Property, plant and equipment at cost

14,622

11,664

   Accumulated depreciation

(3,448)

(3,139)

   Property, plant and equipment

11,174

8,525

Goodwill

4,362

4,362

Deferred tax assets

905

537

Capitalized software licenses

230

143

Overfunded retirement plans

167

183

Other long-term assets

1,421

1,675

Total assets

$

35,048

$

30,939

Liabilities and stockholders' equity

Current liabilities:

   Current portion of long-term debt

$

1,049

$

299

   Accounts payable

858

923

   Accrued compensation

569

561

   Income taxes payable

178

121

   Accrued expenses and other liabilities

983

807

   Total current liabilities

3,637

2,711

Long-term debt

12,842

10,920

Underfunded retirement plans

113

127

Deferred tax liabilities

55

69

Other long-term liabilities

1,187

1,172

Total liabilities

17,834

14,999

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

3,666

3,163

   Retained earnings

52,135

51,522

   Treasury common stock at cost

   Shares: June 30, 2024 – 828; June 30, 2023 – 833

(40,128)

(40,240)

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

(200)

(246)

Total stockholders' equity

17,214

15,940

Total liabilities and stockholders' equity

$

35,048

$

30,939