Exhibit 12
TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of dollars)
| 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||
| EARNINGS: |
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| Income (loss) from continuing operations |
$ | 2,638 | $ | 2,173 | $ | 1,691 | $ | 1,065 | ($ | 475 | ) | ||||||
| Add: Provision (benefit) for income taxes |
987 | 582 | 481 | (15 | ) | (58 | ) | ||||||||||
| Amortization of capitalized interest |
5 | 9 | 10 | 12 | 15 | ||||||||||||
| Fixed charges from below |
34 | 35 | 40 | 61 | 80 | ||||||||||||
| Total earnings (loss) |
$ | 3,664 | $ | 2,799 | $ | 2,222 | $ | 1,123 | ($ | 438 | ) | ||||||
| FIXED CHARGES: |
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| Total interest on loans (expensed) |
$ | 7 | $ | 9 | $ | 21 | $ | 39 | $ | 57 | |||||||
| Interest attributable to rental and lease expense |
27 | 26 | 19 | 22 | 23 | ||||||||||||
| Fixed charges deducted from earnings |
34 | 35 | 40 | 61 | 80 | ||||||||||||
| Capitalized interest |
5 | 5 | 3 | 2 | 3 | ||||||||||||
| Total fixed charges |
$ | 39 | $ | 40 | $ | 43 | $ | 63 | $ | 83 | |||||||
| Ratio of earnings to fixed charges |
93.9 | 70.0 | 51.7 | 17.8 | * | ||||||||||||
| * | The ratio is not meaningful. The coverage deficiency was $521 million in year 2002. |