Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
Years Ended
(Dollars in Millions, Except Ratios)
 
Dec 30,
2017
 
Dec 31,
2016
 
Dec 26,
2015
 
Dec 27,
2014
 
Dec 28,
2013
Earnings1 
 
$
20,739

 
$
13,007

 
$
14,495

 
$
16,031

 
$
12,814

Adjustments:
 
 
 
 
 
 
 
 
 
 
Add - Fixed charges
 
996

 
907

 
629

 
499

 
529

Subtract - Capitalized interest
 
(313
)
 
(135
)
 
(258
)
 
(276
)
 
(246
)
Earnings and fixed charges (net of capitalized interest)
 
$
21,422

 
$
13,779

 
$
14,866

 
$
16,254

 
$
13,097

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest2 
 
$
646

 
$
733

 
$
337

 
$
192

 
$
244

Capitalized interest
 
313

 
135

 
258

 
276

 
246

Estimated interest component of rental expense
 
37

 
39

 
34

 
31

 
39

Total
 
$
996

 
$
907

 
$
629

 
$
499

 
$
529

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
22x