Exhibit 12
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
| 2003 |
2002 |
2001 |
2000 |
1999 | |||||||||||||
| Earnings: |
|||||||||||||||||
| Income (loss) from continuing operations before income taxes plus fixed charges and amortization of capitalized interest less interest capitalized |
$ | 1,326 | $ | (248 | ) | $ | (316 | ) | $ | 4,702 | $ | 2,205 | |||||
| Fixed charges: |
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| Total interest on loans (expensed and capitalized) |
$ | 41 | $ | 60 | $ | 74 | $ | 98 | $ | 84 | |||||||
| Interest attributable to rental and lease expense |
25 | 26 | 33 | 32 | 30 | ||||||||||||
| Fixed charges |
$ | 66 | $ | 86 | $ | 107 | $ | 130 | $ | 114 | |||||||
| Ratio of earnings to fixed charges |
20.1 | * | * | 36.2 | 19.3 | ||||||||||||
| * | Ratio is not meaningful. Coverage deficiency was $334 million in 2002 and $423 million in year 2001. |