Analysis of Debt

Texas Instruments Inc., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current portion of long-term debt	599)	500)	500)	550)	500)
Long-term debt, excluding current portion	10,624)	8,235)	7,241)	6,248)	5,303)
Total long-term debt, including current portion (carrying amount)	11,223)	8,735)	7,741)	6,798)	5,803)

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Debt item	Description	The company
Total long-term debt, including current portion (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Texas Instruments Inc. total debt increased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Total long-term debt, including current portion (fair value)	10,680)
Financial Ratio
Debt, fair value to carrying amount ratio	0.95

Weighted-average interest rate on long-term debt: 3.50%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.63%	300)	8)
4.70%	300)	14)
1.38%	750)	10)
1.13%	500)	6)
2.90%	500)	15)
4.60%	700)	32)
2.25%	750)	17)
1.75%	750)	13)
1.90%	500)	10)
3.65%	400)	15)
4.90%	950)	47)
3.88%	750)	29)
4.15%	1,500)	62)
2.70%	500)	14)
4.10%	300)	12)
5.00%	650)	33)
5.05%	1,200)	61)
Total	11,300)	395)
3.50%

¹ US$ in millions

² Weighted-average interest rate = 100 × 395 ÷ 11,300 = 3.50%

Texas Instruments Inc. (NASDAQ:TXN)