Property, Plant and Equipment Accounting Policy
Property, plant and equipment are stated at cost and depreciated over their estimated useful lives using the straight-line method. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term or the estimated useful lives of the improvements. Texas Instruments amortizes acquisition-related intangibles on a straight-line basis over the estimated economic life of the assets. Capitalized software licenses generally are amortized on a straight-line basis over the term of the license. Fully depreciated or amortized assets are written off against accumulated depreciation or amortization.
Source: Texas Instruments Inc., Annual Report
Property, Plant and Equipment Disclosure
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Texas Instruments Inc., Statement of Financial Position, Property, Plant and Equipment
Source: Based on data from Texas Instruments Inc. Annual Reports
| Item |
Description |
The company |
| Land |
Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale. |
|
| Buildings and improvements |
Carrying amount as of the balance sheet date of long-lived, depreciable assets that include building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing. |
Texas Instruments Inc.'s buildings and improvements declined from 2008 to 2009 and from 2009 to 2010.
|
| Machinery and equipment |
Carrying amount as of the balance sheet date of long-lived, depreciable asset used in production process to produce goods and services. |
Texas Instruments Inc.'s machinery and equipment declined from 2008 to 2009 but then slightly increased from 2009 to 2010.
|
| Property, plant and equipment at cost |
Carrying amount at the balance sheet date for long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, physical structures, machinery, vehicles, furniture, computer equipment, construction in progress, and similar items. Amount does not include depreciation. |
Texas Instruments Inc.'s property, plant and equipment at cost declined from 2008 to 2009 but then slightly increased from 2009 to 2010.
|
| Property, plant and equipment, net |
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. |
Texas Instruments Inc.'s property, plant and equipment, net declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level.
|
Property, Plant and Equipment Ratios (Summary)
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Texas Instruments Inc., Property, Plant and Equipment Ratios
| Ratio |
Description |
The company |
| Average age |
As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company's fixed asset base is old or new. Newer assets are likely to be more efficient. |
Texas Instruments Inc.'s average age of depreciable property, plant and equipment improved from 2008 to 2009 and from 2009 to 2010.
|
Average Age
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2010 Calculations
| Ratio |
Description |
The company |
| Average age |
As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company's fixed asset base is old or new. Newer assets are likely to be more efficient. |
Texas Instruments Inc.'s average age of depreciable property, plant and equipment improved from 2008 to 2009 and from 2009 to 2010.
|
This company is transferred to the archive: financial data is no longer updated!
