Exhibit 12
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED
CHARGES
(In millions of dollars)
| For Nine Months Ended September 30, | |||||||||||||||||||||||
| 1997 |
1998 |
1999 |
2000 |
2001 |
2001 |
2002 | |||||||||||||||||
| Earnings: |
|||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes plus fixed charges and amortization of
capitalized interest less interest capitalized |
$ |
973 |
$ |
815 |
$ |
2,205 |
$ |
4,702 |
$ |
(316 |
) |
$ |
(74 |
) |
$ |
295 | |||||||
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
| Fixed charges: |
|||||||||||||||||||||||
| Total interest on loans (expensed and capitalized) |
$ |
115 |
$ |
86 |
$ |
84 |
$ |
98 |
$ |
74 |
|
$ |
58 |
|
$ |
45 | |||||||
| Interest attributable to rental and lease expense |
|
44 |
|
41 |
|
30 |
|
32 |
|
33 |
|
|
26 |
|
|
20 | |||||||
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
| Fixed charges |
$ |
159 |
$ |
127 |
$ |
114 |
$ |
130 |
$ |
107 |
|
$ |
84 |
|
$ |
65 | |||||||
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
| Ratio of earnings to fixed charges |
|
6.1 |
|
6.4 |
|
19.3 |
|
36.2 |
|
* |
|
|
* |
|
|
4.5 | |||||||
* |
The ratio is not meaningful. The coverage deficiency was $423 million in year 2001 and $158 million for the nine months ended September 30, 2001.
|