$TXN
Texas Instruments Inc

2015 Q3 Form 10-Q Financial Statement

#000156459015009541 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $3.429B $3.269B $3.501B
YoY Change -2.06% 7.96% 7.92%
Cost Of Revenue $1.432B $1.376B $1.457B
YoY Change -1.72% -1.08% -0.55%
Gross Profit $1.997B $1.895B $2.044B
YoY Change -2.3% 15.55% 14.9%
Gross Profit Margin 58.24% 57.97% 58.38%
Selling, General & Admin $434.0M $429.0M $463.0M
YoY Change -6.26% -6.94% -0.43%
% of Gross Profit 21.73% 22.64% 22.65%
Research & Development $316.0M $311.0M $332.0M
YoY Change -4.82% -10.12% -9.78%
% of Gross Profit 15.82% 16.41% 16.24%
Depreciation & Amortization $285.0M $305.0M $308.0M
YoY Change -7.47% -19.31% 2.67%
% of Gross Profit 14.27% 16.09% 15.07%
Operating Expenses $830.0M $820.0M $795.0M
YoY Change 4.4% -7.45% -4.56%
Operating Profit $1.164B $1.100B $1.175B
YoY Change -0.94% 60.12% 39.22%
Interest Expense -$22.00M -$22.00M -$23.00M
YoY Change -4.35% -8.33% -4.17%
% of Operating Profit -1.89% -2.0% -1.96%
Other Income/Expense, Net $6.000M $9.000M $3.000M
YoY Change 100.0% -52.63% -175.0%
Pretax Income $1.148B $1.087B $1.155B
YoY Change -0.61% 59.38% 41.54%
Income Tax $350.0M $262.0M $329.0M
% Of Pretax Income 30.49% 24.1% 28.48%
Net Earnings $798.0M $825.0M $826.0M
YoY Change -3.39% 61.45% 31.32%
Net Earnings / Revenue 23.27% 25.24% 23.59%
Basic Earnings Per Share $0.77 $0.78 $0.77
Diluted Earnings Per Share $0.76 $0.76 $0.76
COMMON SHARES
Basic Shares Outstanding 1.060B shares
Diluted Shares Outstanding 1.074B shares

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.735B $3.541B $3.186B
YoY Change -14.16% -7.52% -11.33%
Cash & Equivalents $1.133B $1.199B $1.306B
Short-Term Investments $1.602B $2.342B $1.880B
Other Short-Term Assets $1.302B $850.0M $1.342B
YoY Change -2.98% -32.32% 6.68%
Inventory $1.771B $1.784B $1.751B
Prepaid Expenses
Receivables $1.481B $1.246B $1.477B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.289B $7.768B $7.756B
YoY Change -6.02% -3.13% -4.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.629B $2.840B $2.930B
YoY Change -10.27% -16.45% -16.5%
Goodwill $4.362B $4.362B $4.362B
YoY Change 0.0% 0.0% 0.0%
Intangibles $1.902B $1.982B
YoY Change -14.44% -14.01%
Long-Term Investments $216.0M $251.0M $219.0M
YoY Change -1.37% 16.2% 4.29%
Other Assets $92.00M $244.0M $246.0M
YoY Change -62.6% -7.58% -9.56%
Total Long-Term Assets $9.251B $9.954B $10.14B
YoY Change -8.8% -8.84% -8.97%
TOTAL ASSETS
Total Short-Term Assets $7.289B $7.768B $7.756B
Total Long-Term Assets $9.251B $9.954B $10.14B
Total Assets $16.54B $17.72B $17.90B
YoY Change -7.6% -6.42% -6.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $367.0M $437.0M $393.0M
YoY Change -6.62% 3.55% -7.75%
Accrued Expenses $1.046B $1.149B $1.140B
YoY Change -8.25% 76.5% 64.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000B $1.001B $1.002B
YoY Change -0.2% 0.1% 0.2%
Total Short-Term Liabilities $2.500B $2.662B $2.643B
YoY Change -5.41% -3.09% -2.94%
LONG-TERM LIABILITIES
Long-Term Debt $3.132B $3.641B $3.643B
YoY Change -14.03% -12.43% -12.45%
Other Long-Term Liabilities $630.0M $630.0M $693.0M
YoY Change -9.09% -7.08% -6.98%
Total Long-Term Liabilities $3.132B $3.641B $3.643B
YoY Change -14.03% -12.43% -12.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.500B $2.662B $2.643B
Total Long-Term Liabilities $3.132B $3.641B $3.643B
Total Liabilities $6.570B $7.332B $7.429B
YoY Change -11.56% -9.83% -9.33%
SHAREHOLDERS EQUITY
Retained Earnings $30.73B $29.65B $29.19B
YoY Change 5.28% 5.25% 4.27%
Common Stock $3.303B $3.109B $3.055B
YoY Change 8.12% 5.32% 6.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $23.55B $21.84B $21.31B
YoY Change 10.54% 10.36% 10.76%
Treasury Stock Shares $721.2M $694.2M 684.5M shares
Shareholders Equity $9.970B $10.39B $10.47B
YoY Change
Total Liabilities & Shareholders Equity $16.54B $17.72B $17.90B
YoY Change -7.6% -6.42% -6.98%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $798.0M $825.0M $826.0M
YoY Change -3.39% 61.45% 31.32%
Depreciation, Depletion And Amortization $285.0M $305.0M $308.0M
YoY Change -7.47% -19.31% 2.67%
Cash From Operating Activities $1.409B $1.434B $1.383B
YoY Change 1.88% 19.6% 20.26%
INVESTING ACTIVITIES
Capital Expenditures -$139.0M -$125.0M -$103.0M
YoY Change 34.95% 16.82% -16.26%
Acquisitions
YoY Change
Other Investing Activities $528.0M -$366.0M -$280.0M
YoY Change -288.57% 2187.5% 218.18%
Cash From Investing Activities $389.0M -$491.0M -$383.0M
YoY Change -201.57% 299.19% 81.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.849B -1.050B -910.0M
YoY Change 103.19% 18.78% 33.04%
NET CHANGE
Cash From Operating Activities 1.409B 1.434B 1.383B
Cash From Investing Activities 389.0M -491.0M -383.0M
Cash From Financing Activities -1.849B -1.050B -910.0M
Net Change In Cash -51.00M -107.0M 90.00M
YoY Change -156.67% -155.73% -64.71%
FREE CASH FLOW
Cash From Operating Activities $1.409B $1.434B $1.383B
Capital Expenditures -$139.0M -$125.0M -$103.0M
Free Cash Flow $1.548B $1.559B $1.486B
YoY Change 4.17% 19.37% 16.73%

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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-66000000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-321000000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1627000000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1306000000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.30
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Changes in accounting standards</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, <font style="font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font>. This standard provides a single set of guidelines for revenue recognition to be used across all industries and requires additional disclosures. In July 2015, the FASB deferred the effective date by one year to December 15, 2017, for annual and interim reporting periods beginning after that date.&#160;This standard also permits early adoption, but not before the original effective date of December 15, 2016.&#160;We are currently evaluating the potential impact of this standard on our financial position and results of operations.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2015, the FASB issued ASU No. 2015-02, <font style="font-style:italic;">Consolidation (Topic 810) &#8211; Amendments to the Consolidation Analysis</font>, which changes the way reporting entities evaluate certain investment holdings for possible consolidation and also includes possible changes in disclosures resulting from that evaluation.&#160;This standard is effective for annual and interim reporting periods beginning January 1, 2016. We expect this standard will have no material impact on our financial position and results of operations.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In April and August 2015, respectively, the FASB issued ASU No. 2015-03, <font style="font-style:italic;">Interest &#8211; Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</font>, and ASU 2015-15, <font style="font-style:italic;">Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements &#8211; Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting</font>. These standards require that costs associated with the issuance of debt, except for costs associated with line-of-credit arrangements, be reported as a direct reduction of the related debt balance. Previously, such costs were recorded as deferred assets and amortized over the term of the debt issued. Costs associated with line-of-credit arrangements may continue to be recorded as deferred assets and amortized over the term of the arrangement. ASU No. 2015-03 is effective for interim and annual periods beginning January 1, 2016, but early adoption is permitted. We plan to adopt this standard for the year ended December 31, 2015. Upon adoption, this standard will be applied retrospectively to all prior periods presented. ASU No. 2015-15 is effective immediately. These standards will have no impact on the Consolidated Statements of Income and will have an immaterial impact from the reclassifications on our Consolidated Balance Sheets. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Also in April 2015, the FASB issued ASU No. 2015-05, <font style="font-style:italic;">Intangibles &#8211; Goodwill and Other &#8211; Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Fees Paid in a Cloud Computing Arrangement</font>, which provides guidance on whether a cloud-computing arrangement contains a software license, and whether that license should be accounted for separately as an asset or solely as a service contract. This standard also aligns the accounting for licenses of internal-use software with the accounting for licenses of other acquired intangible assets. This standard is effective for interim and annual periods beginning January 1, 2016, but early adoption is permitted. It may be adopted either prospectively to all arrangements entered into or materially modified after the effective date, or retrospectively. We are currently evaluating the potential impact of this standard on our financial position and results of operations and determining which adoption method to use. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In July 2015, the FASB issued ASU 2015-11, <font style="font-style:italic;">Simplifying the Measurement of Inventory</font>, which requires that inventory be measured at the lower of cost or net realizable value rather than the lower of cost or market. This standard must be applied on a prospective basis, and is effective for annual and interim reporting periods beginning January 1, 2017. Since early adoption is permitted, we plan to implement this standard effective January 1, 2016, and expect no material impact on our financial position or results of operations. </p></div>
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">10. Contingencies</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Indemnification guarantees</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We routinely sell products with an intellectual property indemnification included in the terms of sale. Historically, we have had only minimal, infrequent losses associated with these indemnities. Consequently, we cannot reasonably estimate any future liabilities that may result.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Warranty costs/product liabilities</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We accrue for known product-related claims if a loss is probable and can be reasonably estimated. During the periods presented, there have been no material accruals or payments regarding product warranty or product liability. Historically, we have experienced a low rate of payments on product claims. Although we cannot predict the&#160;likelihood or amount of any future claims, we do not believe they will have a material adverse effect on our financial condition, results of operations or liquidity. Consistent with general industry practice, we enter into formal contracts with certain customers that include negotiated warranty remedies. Typically, under these agreements our warranty for semiconductor products includes three years of coverage; an obligation to repair, replace or refund; and a maximum payment obligation tied to the price paid for our products. In some cases, product claims may exceed the price of our products.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">General</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are subject to various legal and administrative proceedings. Although it is not possible to predict the outcome of these matters, we believe that the results of these proceedings will not have a material adverse effect on our financial condition, results of operations or liquidity. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:9pt;">&nbsp;</p></div>
CY2015Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1133000000
CY2014Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
2000000
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-1000000
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
4000000
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
57000000
us-gaap Payments For Restructuring
PaymentsForRestructuring
33000000
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
23000000
us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Indemnification guarantees</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We routinely sell products with an intellectual property indemnification included in the terms of sale. Historically, we have had only minimal, infrequent losses associated with these indemnities. Consequently, we cannot reasonably estimate any future liabilities that may result.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Warranty costs/product liabilities</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We accrue for known product-related claims if a loss is probable and can be reasonably estimated. During the periods presented, there have been no material accruals or payments regarding product warranty or product liability. Historically, we have experienced a low rate of payments on product claims. Although we cannot predict the&#160;likelihood or amount of any future claims, we do not believe they will have a material adverse effect on our financial condition, results of operations or liquidity. Consistent with general industry practice, we enter into formal contracts with certain customers that include negotiated warranty remedies. Typically, under these agreements our warranty for semiconductor products includes three years of coverage; an obligation to repair, replace or refund; and a maximum payment obligation tied to the price paid for our products. In some cases, product claims may exceed the price of our products.</p></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
11000000
CY2014Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
13000000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
787000000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
813000000
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12000000
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14000000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
31000000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
31000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2119000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1965000000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
13000000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
15000000
CY2014Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11000000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12000000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11000000
CY2014Q3 us-gaap Restructuring Charges
RestructuringCharges
-3000000
us-gaap Restructuring Charges
RestructuringCharges
-1000000
us-gaap Restructuring Charges
RestructuringCharges
19000000
CY2014Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
8000000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
1000000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
47000000
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1199000000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
2451000000
CY2015Q3 txn Availableforsale Securities Debt Maturities After One Through Two Years Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
35000000
CY2015Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
90000000
CY2014Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
90000000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2944000000
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1282000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2948000000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1046000000
CY2015Q3 us-gaap Commercial Paper
CommercialPaper
0
CY2015Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
498000000
CY2015Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4125000000
CY2014Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4625000000
CY2015Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-7000000
CY2014Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-17000000
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
4132000000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
4642000000
us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
three years of coverage; an obligation to repair, replace or refund; and a maximum payment obligation tied to the price paid for our products
txn Standard Product Warranty Coverage
StandardProductWarrantyCoverage
P3Y

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