TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES |
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Consolidated Balance Sheets |
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June 30, |
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(Millions of dollars, except share amounts) |
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2021 |
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2020 |
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Assets |
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Current assets: |
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Cash and cash equivalents |
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$ |
3,649 |
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$ |
4,294 |
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Short-term investments |
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3,741 |
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666 |
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Accounts receivable, net of allowances of ($9) and ($9) |
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1,591 |
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1,176 |
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Raw materials |
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201 |
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182 |
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Work in process |
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996 |
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977 |
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Finished goods |
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659 |
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977 |
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Inventories |
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1,856 |
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2,136 |
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Prepaid expenses and other current assets |
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340 |
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216 |
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Total current assets |
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11,177 |
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8,488 |
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Property, plant and equipment at cost |
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6,235 |
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5,741 |
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Accumulated depreciation |
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(2,557) |
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(2,540) |
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Property, plant and equipment |
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3,678 |
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3,201 |
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Goodwill |
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4,362 |
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4,362 |
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Acquisition-related intangibles |
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57 |
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240 |
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Deferred tax assets |
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326 |
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236 |
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Capitalized software licenses |
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99 |
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141 |
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Overfunded retirement plans |
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254 |
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223 |
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Other long-term assets |
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650 |
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554 |
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Total assets |
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$ |
20,603 |
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$ |
17,445 |
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Liabilities and stockholders' equity |
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Current liabilities: |
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Current portion of long-term debt |
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$ |
499 |
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$ |
551 |
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Accounts payable |
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587 |
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409 |
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Accrued compensation |
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531 |
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505 |
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Income taxes payable |
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107 |
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179 |
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Accrued expenses and other liabilities |
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477 |
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519 |
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Total current liabilities |
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2,201 |
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2,163 |
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Long-term debt |
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5,752 |
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6,245 |
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Underfunded retirement plans |
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131 |
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99 |
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Deferred tax liabilities |
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87 |
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60 |
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Other long-term liabilities |
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1,279 |
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1,234 |
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Total liabilities |
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9,450 |
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9,801 |
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Stockholders' equity: |
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Preferred stock, $25 par value. Authorized – 10,000,000 shares; none issued |
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— |
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— |
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Common stock, $1 par value. Authorized – 2,400,000,000 shares |
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Shares issued – 1,740,815,939 |
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1,741 |
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1,741 |
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Paid-in capital |
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2,485 |
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2,182 |
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Retained earnings |
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43,846 |
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40,780 |
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Treasury common stock at cost |
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Shares: June 30, 2021 – 817,729,258; June 30, 2020 – 825,225,307 |
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(36,596) |
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(36,725) |
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Accumulated other comprehensive income (loss), net of taxes (AOCI) |
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(323) |
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(334) |
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Total stockholders' equity |
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11,153 |
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7,644 |
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Total liabilities and stockholders' equity |
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$ |
20,603 |
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$ |
17,445 |
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