Microsoft Excel LibreOffice Calc

Texas Instruments Inc. (TXN)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

Texas Instruments Inc., balance sheet: debt

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Current portion of long-term debt 749  500  631  1,000  1,001 
Long-term debt, excluding current portion 4,319  3,577  2,978  3,120  3,641 
Total debt (carrying amount) 5,068  4,077  3,609  4,120  4,642 

Based on: 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Texas Instruments Inc.’s total debt increased from 2016 to 2017 and from 2017 to 2018.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of long-term debt 749 
Long-term debt, excluding current portion 4,319 
Total debt (fair value) 5,068 
Financial Ratio
Debt, fair value to carrying amount ratio 1.00

Based on: 10-K (filing date: 2019-02-22).

Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 2.77%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
1.65% 750  12 
1.75% 500  9 
2.75% 550  15 
1.85% 500  9 
2.25% 500  11 
2.63% 300  8 
2.90% 500  15 
4.15% 1,500  62 
Total 5,100  141 
2.77%

Based on: 10-K (filing date: 2019-02-22).

1 US$ in millions

2 Weighted-average interest rate = 100 × 141 ÷ 5,100 = 2.77%