Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
Six Months Ended |
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June 29, |
June 30, |
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2002 |
2001 |
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| Income before taxes | $ |
1,940 |
$ |
1,252 |
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| Add fixed charges net of capitalized interest | 78 |
57 |
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| Income before taxes and fixed | ||||||||||
| charges (net of capitalized interest) | $ |
2,018 |
$ |
1,309 |
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| Fixed charges: | ||||||||||
| Interest | $ |
49 |
$ |
25 |
||||||
| Capitalized interest | 1 |
3 |
||||||||
| Estimated interest component of rental expense | 29 |
32 |
||||||||
| Total | $ |
79 |
$ |
60 |
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| Ratio of earnings before taxes and fixed
charges, to fixed charges |
|
|
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