Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Texas Instruments Inc., consolidated balance sheet: liabilities and stockholders’ equity

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)
Accounts payable	802)	851)	571)	415)	388)
Accrued compensation	836)	799)	775)	767)	714)
Income taxes payable	172)	189)	121)	134)	46)
Accrued capital-related expenditures	341)	191)	—)	—)	—)
Other	570)	455)	602)	524)	475)
Accrued expenses and other liabilities	911)	646)	602)	524)	475)
Current liabilities	3,320)	2,985)	2,569)	2,390)	2,123)
Long-term debt, excluding current portion	10,624)	8,235)	7,241)	6,248)	5,303)
Underfunded retirement plans	108)	118)	79)	131)	93)
Deferred tax liabilities	63)	66)	87)	90)	78)
Other long-term liabilities	1,336)	1,226)	1,367)	1,305)	1,514)
Long-term liabilities	12,131)	9,645)	8,774)	7,774)	6,988)
Total liabilities	15,451)	12,630)	11,343)	10,164)	9,111)
Preferred stock, $25 par value; none issued	—)	—)	—)	—)	—)
Common stock, $1 par value	1,741)	1,741)	1,741)	1,741)	1,741)
Paid-in capital	3,362)	2,951)	2,630)	2,333)	2,110)
Retained earnings	52,283)	50,353)	45,919)	42,051)	39,898)
Treasury common stock at cost	(40,284)	(40,214)	(36,800)	(36,578)	(34,495)
Accumulated other comprehensive loss, net of taxes (AOCI)	(205)	(254)	(157)	(360)	(347)
Stockholders’ equity	16,897)	14,577)	13,333)	9,187)	8,907)
Total liabilities and stockholders’ equity	32,348)	27,207)	24,676)	19,351)	18,018)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Texas Instruments Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Texas Instruments Inc. long-term liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Texas Instruments Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Texas Instruments Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Texas Instruments Inc. (NASDAQ:TXN)

Balance Sheet: Liabilities and Stockholders’ Equity