Exhibit 12
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
| 2002 |
2001 |
2000 |
1999 |
1998 | |||||||||||||
| Earnings: |
|||||||||||||||||
| Income (loss) from continuing operations before income taxes plus fixed charges and amortization of capitalized interest, less interest capitalized |
$ |
(248 |
) |
$ |
(316 |
) |
$ |
4,702 |
$ |
2,205 |
$ |
815 | |||||
| Fixed charges: |
|||||||||||||||||
| Total interest on loans (expensed and capitalized) |
$ |
60 |
|
$ |
74 |
|
$ |
98 |
$ |
84 |
$ |
86 | |||||
| Interest attributable to rental and lease expense |
|
26 |
|
|
33 |
|
|
32 |
|
30 |
|
41 | |||||
| Fixed charges |
$ |
86 |
|
$ |
107 |
|
$ |
130 |
$ |
114 |
$ |
127 | |||||
| Ratio of earnings to fixed charges |
|
* |
|
|
* |
|
|
36.2 |
|
19.3 |
|
6.4 | |||||
| * | The ratio is not meaningful. The coverage deficiency was $334 million in 2002 and $423 million in year 2001. |