EX-12 5 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
(In millions of dollars)
 
                               
For Nine Months
Ended September 30,
    
1997
   
1998
   
1999
   
2000
   
2001
     
2001
     
2002
Earnings:
                                                     
Income (loss) from continuing operations before income taxes plus fixed charges and amortization of capitalized interest less interest capitalized
   
$
973
   
$
815
   
$
2,205
   
$
4,702
   
$
(316
)
   
$
(74
)
   
$
295
    
  
  
  
  
  
  
Fixed charges:
                                                     
Total interest on loans (expensed and capitalized)
   
$
115
   
$
86
   
$
84
   
$
98
   
$
74
 
   
$
58
 
   
$
45
Interest attributable to rental and lease expense
   
 
44
   
 
41
   
 
30
   
 
32
   
 
33
 
   
 
26
 
   
 
20
    
  
  
  
  
  
  
Fixed charges
   
$
159
   
$
127
   
$
114
   
$
130
   
$
107
 
   
$
84
 
   
$
65
    
  
  
  
  
  
  
Ratio of earnings to fixed charges
   
 
6.1
   
 
6.4
   
 
19.3
   
 
36.2
   
 
*
 
   
 
*
 
   
 
4.5
*
 
The ratio is not meaningful. The coverage deficiency was $423 million in year 2001 and $158 million for the nine months ended September 30, 2001.