Reconciliation of Non-GAAP Financial Measure


The following describes TI’s results excluding the impact of restructuring charges. Management believes this presentation provides investors additional insight into the underlying business conditions and results.

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES
Non-GAAP Reconciliation
(Millions of dollars, except share and per-share amounts)
 
    For the three
months ended
March 31, 2009
Operating profit as reported $ 10   
Pre-tax restructuring charges   105   
Operating profit excluding restructuring charges $ 115   
 
Revenue $ 2,086   
 
Operating profit percentage of revenue excluding
restructuring charges
  5.5%


 
    For the three
months ended
March 31, 2009
Net income as reported $ 17   
Pre-tax restructuring charges   105   
Tax impact of restructuring charges   (37)  
Net income excluding restructuring charges $ 85   
 
Average diluted shares outstanding   1,277   
 
Diluted earnings per share excluding the impact of
restructuring charges
$ .07