The 555, in fig. 1 and fig. 2 above, come in two packages, either the round metal-can called the 'T' package or the more familiar 8-pin DIP 'V' package. About 20-years ago the metal-can type was pretty much the standard (SE/NE types). The 556 timer is a dual 555 version and comes in a 14-pin DIP package, the 558 is a quad version with four 555's also in a 14 pin DIP case.
I nside the 555 timer, at fig. 3, are the equivalent of over 20 transistors, 15 resistors, and 2 diodes, depending of the manufacturer. The equivalent circuit, in block diagram, providing the functions of control, triggering, level sensing or comparison, discharge, and power output. Some of the more attractive features of the 555 timer are: Supply voltage between 4.5 and 18 volt, supply current 3 to 6 mA, and a Rise/Fall time of 100 nSec. It can also withstand quite a bit of abuse.
The Threshold current determine the maximum value of Ra + Rb. For 15 volt operation the maximum total resistance for R (Ra +Rb) is 20 Mega-ohm.