Pros
Many different roles in many different product lines. Can easily influence work-life balance depending on what teams you want to transfer to in the long term. Many older employees are not "company men/women" who think work is their life. Many cite that pay and compensation is appropriately tied to productivity, accomplishments, and job market shifts. Message was the same over two different internships and through coworkers, managers, and executives. For new hires with multiple job offers, TI's Dallas based salaries and compensation closely mirror most major California tech companies after factoring taxes and cost of living, though what you personally value in location and work life balance between your options is up to you.
Cons
Some minor bureaucratic issues that come with a large engineering organization, but nothing major. Workload and time commitment can vary drastically depending on what product line and role you are in, though this is as much a pro as a con given the ability to apply to internal roles fairly easily every two years or so.