TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

(Millions of dollars, except share amounts) 

Dec. 31,

2013

Dec. 31,

2012

Sept. 30,

2013

Assets

Current assets:

    Cash and cash equivalents

$   1,627

$   1,416

$   1,435

    Short-term investments

2,202

2,549

2,158

    Accounts receivable, net of allowances of ($22), ($31) and ($29)

1,203

1,230

1,524

    Raw materials

102

116

107

    Work in process

919

935

954

    Finished goods

710

706

665

    Inventories

1,731

1,757

1,726

    Deferred income taxes

393

473

461

    Prepaid expenses and other current assets

863

805

797

    Total current assets

8,019

8,230

8,101

Property, plant and equipment at cost

6,556

6,891

6,539

    Less accumulated depreciation

(3,157)

(2,979)

(3,030)

    Property, plant and equipment, net

3,399

3,912

3,509

Long-term investments

216

215

210

Goodwill, net

4,362

4,362

4,362

Acquisition-related intangibles, net

2,223

2,558

2,305

Deferred income taxes

207

280

227

Capitalized software licenses, net

118

142

139

Overfunded retirement plans

130

68

119

Other assets

264

254

272

Total assets

$ 18,938

$ 20,021

$ 19,244

Liabilities and Stockholders' Equity

Current liabilities:

    Current portion of long-term debt

$   1,000

$   1,500

$   1,000

    Accounts payable

422

444

426

    Accrued compensation

554

524

567

    Income taxes payable

119

79

37

    Deferred income taxes

1

2

2

    Accrued expenses and other liabilities

651

881

691

    Total current liabilities

2,747

3,430

2,723

Long-term debt

4,158

4,186

4,161

Underfunded retirement plans

216

269

253

Deferred income taxes

548

572

564

Deferred credits and other liabilities

462

603

492

Total liabilities

8,131

9,060

8,193

Stockholders' equity:

    Preferred stock, $25 par value.  Authorized – 10,000,000 shares. 

        Participating cumulative preferred.  None issued.

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--

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    Common stock, $1 par value.  Authorized – 2,400,000,000 shares.

        Shares issued – 1,740,815,939

1,741

1,741

1,741

    Paid-in capital

1,211

1,176

1,125

    Retained earnings

28,173

27,205

27,993

    Less treasury common stock at cost:                                        

       Shares:  Dec. 31, 2013 – 658,012,970; Dec. 31, 2012 –

       632,636,970; Sept. 30, 2013 – 646,252,825

(19,790)

(18,462)

(19,236)

    Accumulated other comprehensive income (loss), net of taxes

(528)

(699)

(572)

    Total stockholders' equity

10,807

10,961

11,051

Total liabilities and stockholders' equity

$ 18,938

$ 20,021

$ 19,244

Certain amounts in prior periods' financial statements have been reclassified to conform to the current presentation.