Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
Three Months Ended |
||||||||||
March 30, |
March 31, |
|||||||||
2002 |
2001 |
|||||||||
| Income before taxes | $ |
1,317 |
$ |
906 |
||||||
| Add fixed charges net of capitalized interest | 37 |
28 |
||||||||
| Income before taxes and fixed | ||||||||||
| charges (net of capitalized interest) | $ |
1,354 |
$ |
934 |
||||||
| Fixed charges: | ||||||||||
| Interest | $ |
24 |
$ |
12 |
||||||
| Capitalized interest | -- |
1 |
||||||||
| Estimated interest component of rental expense | 13 |
16 |
||||||||
| Total | $ |
37 |
$ |
29 |
||||||
| Ratio of earnings before taxes and fixed
charges, to fixed charges |
|
|
||||||||