COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE

Exhibit 11

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

EARNINGS PER COMMON AND DILUTIVE POTENTIAL COMMON SHARE

(In millions of dollars, except per-share amounts)

 

    For Three Months Ended

  For Six Months Ended

   

June 30,

2003


 

June 30,

2002


 

June 30,

2003


 

June 30,

2002


Net income

  $ 121   $ 95   $ 238   $ 57
   

 

 

 

Diluted Earnings per Common and Dilutive Potential Common Share:

                       

Weighted average common shares outstanding (in thousands)

    1,731,806     1,734,658     1,730,863     1,734,537

Weighted average dilutive potential common shares:

                       

Stock option and compensation plans

    30,821     39,762     27,175     40,893
   

 

 

 

Weighted average common and dilutive potential common shares

    1,762,627     1,774,420     1,758,038     1,775,430
   

 

 

 

Diluted earnings per common share

  $ .07   $ .05   $ .14   $ .03
   

 

 

 

Basic Earnings per Common Share:

                       

Weighted average common shares outstanding (in thousands)

    1,731,806     1,734,658     1,730,863     1,734,537
   

 

 

 

Basic earnings per common share

  $ .07   $ .05   $ .14   $ .03