Exhibit 12.1
Texas Instruments Incorporated
Consolidated Ratio of Earnings to Fixed Charges
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
EARNINGS: | |||||||||||||||
Income from continuing operations before income tax & (loss) gain on equity method investments | $ | 2,021 | $ | 2,490 | $ | 3,682 | $ | 3,629 | $ | 2,764 | |||||
Add: Fixed charges (shown below) | 16 | 23 | 24 | 39 | 40 | ||||||||||
Amortization of capitalized interest | 4 | 4 | 6 | 5 | 9 | ||||||||||
Distributed income from equity investees | 5 | 1 | 0 | 0 | 0 | ||||||||||
Subtract: | |||||||||||||||
Capitalized interest | 0 | 0 | 0 | 5 | 5 | ||||||||||
Total earnings | $ | 2,046 | $ | 2,518 | $ | 3,712 | $ | 3,668 | $ | 2,808 | |||||
FIXED CHARGES: | |||||||||||||||
Total interest on loans (expensed) | $ | 0 | $ | 0 | $ | 1 | $ | 7 | $ | 9 | |||||
Capitalized interest | 0 | 0 | 0 | 5 | 5 | ||||||||||
Estimated interest element of rental and lease expense | 16 | 23 | 23 | 27 | 26 | ||||||||||
Total fixed charges | $ | 16 | $ | 23 | $ | 24 | $ | 39 | $ | 40 | |||||
Ratio of earnings to fixed charges | 127.9 | 109.5 | 154.7 | 94.1 | 70.2 | ||||||||||