Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Texas Instruments Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The statement of comprehensive income reveals fluctuations in overall profitability and other comprehensive income over the five-year period. Net income experienced initial growth followed by a decline, while other comprehensive income exhibited volatility. Comprehensive income, representing the sum of net income and other comprehensive income, mirrored the general trend of net income.
- Net Income
- Net income increased from US$7,769 million in 2021 to US$8,749 million in 2022, representing a growth of approximately 12.6%. However, a subsequent decline was observed, falling to US$6,510 million in 2023, US$4,799 million in 2024, and stabilizing slightly at US$5,001 million in 2025. This indicates a significant downturn in profitability between 2022 and 2024, followed by a modest recovery in the most recent year.
- Other Comprehensive Income (OCI)
- Other comprehensive income demonstrated considerable variability. It began at US$203 million in 2021, decreased to a loss of US$97 million in 2022, and then rose to US$49 million in 2023 and US$65 million in 2024. In 2025, OCI settled at US$55 million. The fluctuations suggest the presence of significant non-cash items impacting overall comprehensive income.
- Components of Other Comprehensive Income
- Net actuarial gains (losses) of defined benefit plans were a substantial component of OCI, showing gains of US$204 million in 2021, a loss of US$94 million in 2022, gains of US$42 million in 2023 and US$63 million in 2024, and a further gain of US$73 million in 2025. These fluctuations likely reflect changes in actuarial assumptions and market conditions affecting pension obligations. Prior service cost (credit) of defined benefit plans remained relatively small, fluctuating between a credit of US$1 million and a cost of US$17 million. Available-for-sale investments and other items contributed minor adjustments to OCI, with a negative impact in 2022 and 2025 and positive impacts in 2023 and 2024.
- Comprehensive Income
- Comprehensive income followed a similar pattern to net income, increasing from US$7,972 million in 2021 to US$8,652 million in 2022, then declining to US$6,559 million in 2023, US$4,864 million in 2024, and finally reaching US$5,056 million in 2025. The correlation between net income and comprehensive income is strong, indicating that changes in net income are the primary driver of changes in comprehensive income.
The adjustments recognized within net income remained relatively stable, ranging from US$10 million to US$61 million over the period. Overall, the period demonstrates a shift from growth to contraction in financial performance, with significant volatility in components of other comprehensive income impacting the overall comprehensive income result.