| Description |
Report |
2010 response |
| Core performance indicators |
2007 |
2008 |
2009 |
2010 |
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| Economic |
| Disclosure on management approach: economic |
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See our Business profile. Additional information is in our 10-K and Annual Report. |
Economic performance |
| EC1 |
Direct economic value generated and distributed
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Our Annual Report provides information on our financial performance. The Giving section of our Citizenship Report details TI's community investment.
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| EC2 |
Financial implications of climate change
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Financial implications
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| EC3 |
Coverage of defined benefit pension plan obligations
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For U.S. employees hired before November 1997, Texas Instruments has a defined benefit pension plan. In addition, TI offers all U.S. employees the ability to contribute to a 401(k) savings plan. For employees covered by the defined benefit pension plan, the company matches 50 percent of the employee’s contributions, up to 2 percent of annual eligible earnings. For employees not covered by the defined benefit pension plan, Texas Instruments currently matches 100 percent of the employee’s contributions, up to 4 percent of annual eligible earnings. Employees hired after November 30, 1997 and before January 1, 2004 also receive a fixed 2% company contribution from TI in their 401(k) plan. In 2010, TI contributed $50 million to their 401(k) savings plans.
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| EC4 |
Significant financial assistance received from government
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In 2010, TI was chosen to receive a one-time Department of Energy advanced manufacturing credit through a competitive approval process based on the government's criteria and scoring matrix. We started accounting for the manufacturing credit in 2010, which totaled $51.5 million. The Department of Energy credit was in addition to credits commonly available to manufacturing companies with investments in manufacturing equipment and facilities, employment, and research and development by federal, state, and local governments around the world. Taxation information is available in our Annual Report however our accounting practices do not separate out government-specific incentives. |
Market presence |
| EC5 |
Range of ratios of entry level wage compared to local minimum wage for significant locations of operation
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We do not maintain a standard entry wage for every country; however, we have verified that we are paying employees above the local minimum wage in every country where we operate. |
| EC6 |
Policy, practices and proportion of spending on locally based suppliers at significant locations of operations
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Minority/women business development
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| EC7 |
Procedures for local hiring and proportion of senior management in locations of significant operation from the local community
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It is TI’s strategy to hire the best and brightest individuals who either have a home near plant site communities though they may have attended school elsewhere, or who attended school near plant site communities. TI senior management in locations of significant operation is predominantly hired from the local community. Worldwide, 98 percent of TI’s senior managers are from the local community where they work.
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Indirect economic impacts |
| EC8 |
Development and impact of infrastructure investments and services provided for public benefit
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We currently do not formally aggregate this data in a standardized format globally for reporting, but we believe that strong communities build strong companies. We aim to be a responsible corporate citizen and take care to invest in the long-term health of the communities where we operate.
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| EC9 |
Significance and extent of indirect economic impacts
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We currently do not track indirect economic impacts globally.
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