TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets
(Millions of dollars, except share amounts)
June 30,
2018
2017
Assets
Current assets:
Cash and cash equivalents ...............................................................................................
$
2,919
$
1,140
Short-term investments ......................................................................................................
2,211
1,844
Accounts receivable, net of allowances of ($8) and ($11) ..........................................
1,551
1,469
Raw materials ..................................................................................................................
155
109
Work in process ...............................................................................................................
1,079
1,099
Finished goods ................................................................................................................
856
739
Inventories ............................................................................................................................
2,090
1,947
Prepaid expenses and other current assets ...................................................................
821
1,111
Total current assets .............................................................................................................
9,592
7,511
Property, plant and equipment at cost .................................................................................
5,025
4,656
Accumulated depreciation .................................................................................................
(2,170)
(2,142)
Property, plant and equipment, net ..................................................................................
2,855
2,514
Long-term investments ...........................................................................................................
271
250
Goodwill, net .............................................................................................................................
4,362
4,362
Acquisition-related intangibles, net ......................................................................................
787
1,105
Deferred income taxes ...........................................................................................................
205
412
Capitalized software licenses, net ........................................................................................
101
114
Overfunded retirement plans ................................................................................................
205
99
Other long-term assets ...........................................................................................................
149
71
Total assets ...............................................................................................................................
$
18,527
$
16,438
Liabilities and stockholders』 equity
Current liabilities:
Current portion of long-term debt .....................................................................................
$
----
$
499
Accounts payable ................................................................................................................
492
450
Accrued compensation ......................................................................................................
472
489
Income taxes payable ........................................................................................................
120
86
Accrued expenses and other liabilities ...........................................................................
382
353
Total current liabilities .........................................................................................................
1,466
1,877
Long-term debt .........................................................................................................................
5,066
3,084
Underfunded retirement plans ..............................................................................................
82
101
Deferred tax liabilities .............................................................................................................
50
33
Other long-term liabilities .......................................................................................................
1,229
635
Total liabilities ...........................................................................................................................
7,893
5,730
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 ......................................................................................................................
1,867
1,683
Retained earnings ...............................................................................................................
36,413
34,149
Treasury common stock at cost
Shares: March 31, 2018 – 759,098,020; March 31, 2017 – 743,085,976 ...........
(29,016)
(26,345)
Accumulated other comprehensive income (loss), net of taxes (AOCI) ...................
(371)
(520)
Total stockholders』 equity ..................................................................................................
10,634
10,708
Total liabilities and stockholders』 equity ..............................................................................
$
18,527
$
16,438