EX-12 9 dex12.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

 

Exhibit 12

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Millions of Dollars)

 

    

2002

     

2001

     

2000

   

1999

   

1998

Earnings:

                                       

Income (loss) from continuing operations before income taxes plus fixed charges and amortization of capitalized interest, less interest capitalized

   

$

(248

)

   

$

(316

)

   

$

4,702

   

$

2,205

   

$

815

    
  
  
  
  

Fixed charges:

                                       

Total interest on loans (expensed and capitalized)

   

$

60

 

   

$

74

 

   

$

98

   

$

84

   

$

86

Interest attributable to rental and lease expense

   

 

26

 

   

 

33

 

   

 

32

   

 

30

   

 

41

    
  
  
  
  

Fixed charges

   

$

86

 

   

$

107

 

   

$

130

   

$

114

   

$

127

    
  
  
  
  

Ratio of earnings to fixed charges

   

 

*

 

   

 

*

 

   

 

36.2

   

 

19.3

   

 

6.4

                      
  
  

 

*   The ratio is not meaningful. The coverage deficiency was $334 million in 2002 and $423 million in year 2001.