TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

September 30,

(In millions, except par value)

2024

2023

Assets

Current assets:

   Cash and cash equivalents

$

2,589

$

2,566

   Short-term investments

6,163

6,382

   Accounts receivable, net of allowances of ($23) and ($15)

1,862

1,976

   Raw materials

393

401

   Work in process

2,081

2,147

   Finished goods

1,822

1,360

   Inventories

4,296

3,908

   Prepaid expenses and other current assets

962

265

   Total current assets

15,872

15,097

Property, plant and equipment at cost

15,464

12,528

   Accumulated depreciation

(3,662)

(3,208)

   Property, plant and equipment

11,802

9,320

Goodwill

4,362

4,362

Deferred tax assets

941

632

Capitalized software licenses

229

138

Overfunded retirement plans

184

166

Other long-term assets

1,931

1,923

Total assets

$

35,321

$

31,638

Liabilities and stockholders' equity

Current liabilities:

   Current portion of long-term debt

$

1,049

$

300

   Accounts payable

794

713

   Accrued compensation

721

707

   Income taxes payable

108

108

   Accrued expenses and other liabilities

1,014

824

   Total current liabilities

3,686

2,652

Long-term debt

12,844

10,922

Underfunded retirement plans

117

141

Deferred tax liabilities

54

66

Other long-term liabilities

1,352

1,226

Total liabilities

18,053

15,007

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

3,813

3,280

   Retained earnings

52,304

52,098

   Treasury common stock at cost

   Shares: September 30, 2024 – 829; September 30, 2023 – 833

(40,395)

(40,253)

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

(195)

(235)

Total stockholders' equity

17,268

16,631

Total liabilities and stockholders' equity

$

35,321

$

31,638