EX-12 4 dex12.htm COMPUTATION OF RATIO Computation of Ratio

Exhibit 12

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions of dollars)

 

                                For Three Months
Ended March 31,
     1999
    2000
    2001
     2002
     2003
    2003
    2004

Earnings:

                                                   

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

    $ 2,205    $ 4,702    $ (316 )   $ (248 )   $ 1,326    $ 175    $ 532
    
  
  
 
 
  
  

Fixed charges:

                                                   

Total interest on loans (expensed and capitalized)

    $ 84    $ 98    $ 74     $ 60     $ 41    $ 13    $ 8

Interest attributable to rental and lease expense

      30      32      33       26       25      6      5
    
  
  
 
 
  
  

Fixed charges

    $ 114    $ 130    $ 107     $ 86     $ 66    $ 19    $ 13
    
  
  
 
 
  
  

Ratio of earnings to fixed charges

      19.3      36.2      *       *       20.1      9.2      40.9
    
  
                  
  
  
* The ratio is not meaningful. The coverage deficiency was $334 million in year 2002 and $423 million in year 2001.