National Semiconductor acquisition (Tables)

9 Months Ended

Sep. 30, 2011

Business Combinations [Abstract]

Preliminary fair value estimates of assets acquired and liabilities assumed

These preliminary fair value estimates are subject to change as valuations are finalized.

Cash and cash equivalents	$	1,145
Current assets	455
Inventory	225
Property, plant and equipment	904
Other assets	227
Acquired intangible assets (see detail below)	2,974
Goodwill	3,527
Assumed current liabilities	(195		)
Assumed long-term debt	(1,105		)
Deferred taxes and other assumed non-current liabilities	(1,600		)
Total consideration transferred	$	6,557

Fair value of consideration transferred

The acquisition date fair value of the consideration transferred is as follows:

Cash payments	$	6,535
Fair value of vested share-based awards assumed by TI	22
Total consideration transferred to National shareholders	$	6,557

Identifiable intangible assets acquired and their estimated useful lives

Identifiable intangible assets acquired and their estimated useful lives are as follows:

	Asset amount		Weighted average useful life (in years)
Developed technology	$	2,025	10
Customer relationships	810		8
Other	34		5
Identified intangible assets subject to amortization	2,869
In-process research and development	105		*
Total identified intangible assets	$	2,974

* In-process research and development is not amortized until the associated project has been completed. Alternatively, if the associated project is not viable, it will be expensed.

Pro forma summaries

These pro forma summaries are presented for informational purposes only and are not necessarily indicative of what the actual results of operations would have been had the acquisition taken place as of that date, nor are they indicative of future consolidated results of operations.

	For Three Months Ended Sept. 30,				For Nine Months Ended Sept. 30,
	2011		2010		2011		2010
Revenue	$	3,818	$	4,152	$	11,385	$	11,613
Net income	589		887		1,930		2,269
Earnings per common share - diluted	$	0.50	$	0.73	$	1.61	$	1.83

Acquisition Cost

Included in the acquisition cost line of the Consolidated Statements of Income are the following:

	For Three Months Ended Sept. 30,				For Nine Months Ended Sept. 30,
	2011		2010		2011		2010
Transaction costs	$	30	$	—	$	45	$	—
Restructuring costs	53		—		53		—
Stock-based compensation	41		—		41		—
Accrual of retention bonuses	6		—		6		—
Amortization of intangible assets	6		—		6		—
Other costs	11		—		11		—
Total	$	147	$	—	$	162	$	—