|
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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|
|
2018 |
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2017 | ||
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Assets |
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|
|
|
|
|
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Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,717 |
|
$ |
1,073 |
|
Short-term investments |
|
|
2,362 |
|
|
1,976 |
|
Accounts receivable, net of allowances of ($8) and ($11) |
|
|
1,454 |
|
|
1,337 |
|
Raw materials |
|
|
144 |
|
|
102 |
|
Work in process |
|
|
1,076 |
|
|
1,017 |
|
Finished goods |
|
|
812 |
|
|
724 |
|
Inventories |
|
|
2,032 |
|
|
1,843 |
|
Prepaid expenses and other current assets |
|
|
1,025 |
|
|
811 |
|
Total current assets |
|
|
8,590 |
|
|
7,040 |
|
Property, plant and equipment at cost |
|
|
4,907 |
|
|
4,833 |
|
Accumulated depreciation |
|
|
(2,171) |
|
|
(2,332) |
|
Property, plant and equipment |
|
|
2,736 |
|
|
2,501 |
|
Long-term investments |
|
|
271 |
|
|
241 |
|
Goodwill |
|
|
4,362 |
|
|
4,362 |
|
Acquisition-related intangibles |
|
|
866 |
|
|
1,184 |
|
Deferred tax assets |
|
|
218 |
|
|
361 |
|
Capitalized software licenses |
|
|
102 |
|
|
116 |
|
Overfunded retirement plans |
|
|
215 |
|
|
102 |
|
Other long-term assets |
|
|
147 |
|
|
71 |
|
Total assets |
|
$ |
17,507 |
|
$ |
15,978 |
|
|
|
|
|
|
|
|
|
Liabilities and stockholders' equity |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
500 |
|
$ |
378 |
|
Accounts payable |
|
|
488 |
|
|
429 |
|
Accrued compensation |
|
|
344 |
|
|
352 |
|
Income taxes payable |
|
|
133 |
|
|
77 |
|
Accrued expenses and other liabilities |
|
|
395 |
|
|
366 |
|
Total current liabilities |
|
|
1,860 |
|
|
1,602 |
|
Long-term debt |
|
|
3,578 |
|
|
2,980 |
|
Underfunded retirement plans |
|
|
92 |
|
|
97 |
|
Deferred tax liabilities |
|
|
53 |
|
|
36 |
|
Other long-term liabilities |
|
|
1,282 |
|
|
624 |
|
Total liabilities |
|
|
6,865 |
|
|
5,339 |
|
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 |
|
|
1,770 |
|
|
1,597 |
|
Retained earnings |
|
|
35,619 |
|
|
33,595 |
|
Treasury common stock at cost |
|
|
|
|
|
|
|
Shares: March 31, 2018 – 759,098,020; March 31, 2017 – 743,085,976 |
|
|
(28,096) |
|
|
(25,767) |
|
Accumulated other comprehensive income (loss), net of taxes (AOCI) |
|
|
(392) |
|
|
(527) |
|
Total stockholders' equity |
|
|
10,642 |
|
|
10,639 |
|
Total liabilities and stockholders' equity |
|
$ |
17,507 |
|
$ |
15,978 |
