EX-12 6 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

 

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:

                                     

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.