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EXHIBIT 12
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TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
For Six Months
Ended June 30
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1995 1996 1997 1998 1999 1999 2000
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<S> <C> <C> <C> <C> <C> <C> <C>
Income from continuing operations before
income taxes and fixed charges:
Income before extraordinary item,
interest expense on loans,
capitalized interest amortized,
and provision for income taxes..... $1,563 $ 105 $ 882 $ 725 $2,112 $ 934 $2,618
Add interest attributable to
rental and lease expense........... 41 44 44 41 30 19 15
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$1,604 $ 149 $ 926 $ 766 $2,142 $ 953 $2,633
====== ===== ===== ===== ====== ===== ======
Fixed charges:
Total interest on loans (expensed
and capitalized)..................... $ 69 $ 108 $ 114 $ 85 $ 84 $ 40 $ 47
Interest attributable to rental
and lease expense.................... 41 44 44 41 30 19 15
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Fixed charges............................ $ 110 $ 152 $ 158 $ 126 $ 114 $ 59 $ 62
===== ===== ===== ===== ===== ===== =====
Ratio of earnings to fixed charges....... 14.5 * 5.8 6.1 18.8 16.2 42.2
===== ===== ===== ===== ===== ===== =====
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* Not meaningful. The coverage deficiency was $3 million in 1996.
