Exhibit 11

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

EARNINGS (LOSS) PER COMMON AND DILUTIVE POTENTIAL COMMON SHARE

(Millions of Dollars, Except Per-share Amounts)

	Years ended December 31,
	2002			2001			2000
Income (loss) before cumulative effect of an accounting change	$	(344	)	$	(201	)	$	3,087
Add: Interest, net of tax effect, on convertible debentures assumed converted		—			—			6
Adjusted income (loss) before cumulative effect of an accounting change		(344	)		(201	)		3,093
Cumulative effect of an accounting change		—			—			(29	)
Adjusted net income (loss)	$	(344	)	$	(201	)	$	3,064
Diluted earnings (loss) per common and dilutive potential common share:
Weighted average common shares outstanding (in thousands)		1,733,343			1,734,506			1,717,484
Weighted average dilutive potential common shares:
Stock option and compensation plans		—			—			69,367
Convertible debentures		—			—			4,779
Weighted average common and dilutive potential common shares		1,733,343			1,734,506			1,791,630
Diluted earnings (loss) per common share:
Income (loss) before cumulative effect of an accounting change	$	(.20	)	$	(.12	)	$	1.73
Cumulative effect of an accounting change		—			—			(.02	)
Net income (loss)	$	(.20	)	$	(.12	)	$	1.71
Basic earnings (loss) per common share:
Weighted average common shares outstanding (in thousands)		1,733,343			1,734,506			1,717,484
Basic earnings (loss) per common share:
Income (loss) before cumulative effect of an accounting change	$	(.20	)	$	(.12	)	$	1.80
Cumulative effect of an accounting change		—			—			(.02	)
Net income (loss)	$	(.20	)	$	(.12	)	$	1.78