Investor Presentaiton

Equity risk Long-term investments at year-end 2016 include the following: • Investments in mutual funds - includes mutual funds that were selected to generate returns that offset changes in certain liabilities related to deferred compensation arrangements. The mutual funds hold a variety of debt and equity investments. Investments in venture capital funds - includes investments in limited partnerships (accounted for under either the equity or cost method). . Equity investments - includes non-marketable (non-publicly traded) equity securities. Investments in mutual funds are stated at fair value. Changes in prices of the mutual fund investments are expected to offset related changes in deferred compensation liabilities such that a 10 percent increase or decrease in the investments' fair values would not materially affect operating results. Non-marketable equity securities and some venture capital funds are stated at cost. Impairments deemed to be other-than-temporary are expensed in Net income. Investments in the remaining venture capital funds are stated using the equity method. See Note 8 to the financial statements for details of equity and other long-term investments. FORM 10-K 24 TEXAS INSTRUMENTS . 2016 FORM 10-K

View entire presentation