EX-12 32 txn12312011-exhibit12.htm EXHIBIT 12 TXN 12.31.2011 - Exhibit 12


Exhibit 12
Texas Instruments Incorporated and Subsidiaries
Computation of Ration of Earnings to Fixed Charges
(Millions of dollars)

 
 
 
2011
2010
2009
2008
2007
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income tax
 
 
$
2,955

$
4,551

$
2,017

$
2,481

$
3,692

Equity method investments (gains) and losses
 
 
(5
)
(1
)
4

9

(10
)
Add:
 
 
 
 
 
 
 
  Fixed charges (from below)
 
 
54

15

16

23

24

  Amortization of capitalized interest
 
 
3

4

4

4

6

  Distributed income from equity investees
 
 
11

1

5

1

—

 
 
 
 
 
 
 
 
Total earnings
 
 
$
3,018

$
4,570

$
2,046

$
2,518

$
3,712

 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Total gross interest on debt (expensed) (a)
 
 
$
48

$
—

$
—

$
—

$
1

  Amortization of debt premium and debt issuance costs
 
 
(6
)
—

—

—

—

  Estimated interest element of rental and lease expense
 
 
12

15

16

23

23

Total fixed charges
 
 
$
54

$
15

$
16

$
23

$
24

Ratio of earnings to fixed charges
 
 
55.9

304.8

127.9

109.5

154.7

 
 
 
 
 
 
 
 
(a) No capitalized interest was recognized in 2011.