Spreadsheet: 8dbfa1d6-260f-4450-b8c4-93ed144c5acc
Sheet: Consolidated Balance Sheets

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets
(Millions of dollars, except share amounts)
 |  | Mar. 31, |  |  | Mar. 31, |  |  | Dec. 31,
 |  | 2012 |  |  | 2011 |  | 2010 | 2011
Assets
Current assets:
Cash and cash equivalents | $ | 1193 |  | $ | 1343 |  | $ | 992
Short-term investments |  | 1572 |  |  | 1514 |  |  | 1943
Accounts receivable, net of allowances of ($32), ($20) and ($19) |  | 1478 |  |  | 1568 |  |  | 1545
Raw materials |  | 114 |  |  | 132 |  |  | 115
Work in process |  | 996 |  |  | 934 |  |  | 1004
Finished goods |  | 743 |  |  | 612 |  |  | 669
Inventories |  | 1853 |  |  | 1678 |  |  | 1788
Deferred income taxes |  | 1192 |  |  | 771 |  |  | 1174
Prepaid expenses and other current assets |  | 303 |  |  | 170 |  |  | 386
Total current assets |  | 7591 |  |  | 7044 |  |  | 7828
Property, plant and equipment at cost |  | 6840 |  |  | 6712 |  |  | 7133
Less accumulated depreciation |  | -2562 |  |  | -3055 |  |  | -2705
Property, plant and equipment, net |  | 4278 |  |  | 3657 |  |  | 4428
Long-term investments |  | 239 |  |  | 449 |  |  | 265
Goodwill |  | 4452 |  |  | 924 |  |  | 4452
Acquisition-related intangibles, net |  | 2815 |  |  | 69 |  |  | 2900
Deferred income taxes |  | 302 |  |  | 899 |  |  | 321
Capitalized software licenses, net |  | 201 |  |  | 193 |  |  | 206
Overfunded retirement plans |  | 37 |  |  | 28 |  |  | 40
Other assets |  | 94 |  |  | 47 |  |  | 57
Total assets | $ | 20009 |  | $ | 13310 |  | $ | 20497
Liabilities and Stockholders’ Equity
Current liabilities:
Commercial paper borrowings | $ | 700 |  | $ | -- |  | $ | 999
Current portion of long-term debt |  | 378 |  |  | -- |  |  | 382
Accounts payable |  | 589 |  |  | 605 |  |  | 625
Accrued compensation |  | 382 |  |  | 348 |  |  | 597
Income taxes payable |  | 106 |  |  | 247 |  |  | 101
Accrued expenses and other liabilities |  | 754 |  |  | 593 |  |  | 795
Total current liabilities |  | 2909 |  |  | 1793 |  |  | 3499
Long-term debt |  | 4207 |  |  | -- |  |  | 4211
Underfunded retirement plans |  | 684 |  |  | 527 |  |  | 701
Deferred income taxes |  | 622 |  |  | 82 |  |  | 607
Deferred credits and other liabilities |  | 516 |  |  | 334 |  |  | 527
Total liabilities |  | 8938 |  |  | 2736 |  |  | 9545
Stockholders’ equity:
Preferred stock, $25 par value.  Authorized -- 10,000,000 shares.
Participating cumulative preferred.  None issued. |  | -- |  |  | -- |  |  | --
Common stock, $1 par value.  [NAME]
shares.  Shares issued: Mar. 31, 2012 -- 1,740,814,489;
Mar. 31, 2011 -- 1,740,394,740; Dec. 31, 2011 -- 1,740,630,391 |  | 1741 |  |  | 1740 |  |  | 1741
Paid-in capital |  | 1112 |  |  | 1068 |  |  | 1194
Retained earnings |  | 26345 |  |  | 25206 |  |  | 26278
Less treasury common stock at cost:
Shares: Mar. 31, 2012 -- 596,461,198; Mar. 31, 2011 --
579,225,953; Dec. 31, 2011 -- 601,131,631 |  | -17385 |  |  | -16738 |  |  | -17485
Accumulated other comprehensive income (loss), net of taxes |  | -742 |  |  | -702 |  |  | -776
Total stockholders’ equity |  | 11071 |  |  | 10574 |  |  | 10952
Total liabilities and stockholders’ equity | $ | 20009 |  | $ | 13310 |  | $ | 20497