Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
Three Months Ended
April 1, March 27,
2000 1999
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Income before taxes $ 3,194 $ 2,984
Add fixed charges net of
capitalized interest 23 15
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Income before taxes and fixed
charges (net of capitalized
interest) $ 3,217 $ 2,999
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Fixed charges:
Interest $ 12 $ 9
Capitalized interest 2 1
Estimated interest component
of rental expense 11 6
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Total $ 25 $ 16
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Ratio of earnings before taxes and
fixed charges, to fixed charges 129 187