Texas Instruments 2015 Annual Report Download - page 18

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

FORM 10-K


We฀could฀be฀subject฀to฀warranty฀or฀product฀liability฀claims฀or฀claims฀based฀on฀epidemic฀or฀delivery฀failures฀that฀could฀lead฀to฀significant฀
expenses as we defend such claims or pay damage awards or settlements. In the event of a warranty claim, we may also incur costs
if฀we฀decide฀to฀compensate฀the฀affected฀customer฀or฀end฀consumer.฀We฀maintain฀product฀liability฀insurance,฀but฀there฀is฀no฀guarantee฀
that฀such฀insurance฀will฀be฀available฀or฀adequate฀to฀protect฀against฀all฀such฀claims.฀In฀addition,฀it฀is฀possible฀for฀one฀of฀our฀customers฀to฀
recall a product containing a TI part. In such instances, we may incur costs and expenses relating to the recall. Costs or payments we
may make in connection with warranty, epidemic failure and delivery claims, product recalls or legal proceedings may adversely affect
our results of operations and financial condition and our reputation.

employees in a competitive environment.
Our continued success depends in part on the retention and recruitment of skilled personnel, including technical, marketing,
management฀and฀staff฀personnel.฀There฀can฀be฀no฀assurance฀that฀we฀will฀be฀able฀to฀successfully฀retain฀and฀recruit฀the฀key฀personnel฀
that we require.

From฀time฀to฀time,฀we฀issue฀debt฀securities฀with฀various฀interest฀rates฀and฀maturities.฀While฀we฀believe฀we฀will฀have฀the฀ability฀to฀
service฀this฀debt,฀our฀ability฀to฀make฀principal฀and฀interest฀payments฀when฀due฀depends฀upon฀our฀future฀performance,฀which฀will฀be฀
subject฀to฀general฀economic฀conditions,฀industry฀cycles,฀and฀business฀and฀other฀factors฀affecting฀our฀operations,฀including฀the฀other฀
risk฀factors฀described฀under฀Item฀1A,฀many฀of฀which฀are฀beyond฀our฀control.฀In฀addition,฀our฀obligation฀to฀make฀principal฀and฀interest฀
payments฀could฀divert฀funds฀that฀otherwise฀would฀be฀invested฀in฀our฀operations฀or฀returned฀to฀shareholders,฀or฀cause฀us฀to฀raise฀funds฀
through฀such฀means฀as฀the฀issuance฀of฀new฀debt฀or฀equity,฀or฀the฀disposition฀of฀assets.฀

and results of operations.
From฀time฀to฀time,฀we฀undertake฀business฀and฀organizational฀changes,฀including฀acquisitions,฀divestitures฀and฀restructuring฀actions,฀to฀
support฀or฀carry฀out฀our฀strategic฀objectives.฀Our฀failure฀to฀successfully฀implement฀these฀changes฀could฀adversely฀affect฀our฀business฀
plans฀and฀operating฀results.฀For฀example,฀we฀may฀not฀realize฀the฀expected฀benefits฀of฀an฀acquisition฀if฀we฀are฀unable฀to฀timely฀and฀
successfully integrate acquired operations, product lines and technology, and our pre-acquisition due diligence may not identify all
possible฀issues฀and฀risks฀that฀might฀arise฀with฀respect฀to฀an฀acquisition.฀Further,฀we฀may฀not฀achieve฀or฀sustain฀the฀expected฀growth฀or฀
cost฀savings฀benefits฀of฀business฀and฀organizational฀changes,฀and฀restructuring฀charges฀could฀differ฀materially฀in฀amount฀and฀timing฀
from our expectations.

technology systems or those of our customers or suppliers.
Breaches฀of฀our฀information฀technology฀systems฀or฀those฀of฀our฀customers฀or฀suppliers฀could฀be฀caused฀by฀computer฀viruses,฀
unauthorized฀access,฀sabotage,฀vandalism฀or฀terrorism.฀These฀breaches฀could฀compromise฀our฀information฀technology฀networks฀or฀
those฀of฀our฀customers฀or฀suppliers฀and฀could฀result฀in฀unauthorized฀release฀of฀our,฀our฀customers’฀or฀our฀suppliers’฀confidential฀or฀
proprietary information, cause a disruption to our manufacturing and other operations, result in release of employee personal data,
or cause us to incur increased information technology protection costs, any of which could adversely affect our operating results and
our reputation.
ITEM 1B. Unr esolved Staff Comments.
Not฀applicab฀le.