EX - 12 INTEL CORPORATION STATEMENT SETTING FORTH THE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION (In millions, except ratios)
Years Ended ---------------------------------------------------- Dec. 30, Dec. 28, Dec. 27, Dec. 26, Dec. 25, 1995 1996 1997 1998 1999 -------- -------- -------- -------- -------- Income before taxes $5,638 $7,934 $10,659 $9,137 $11,228 Add - Fixed charges net of capitalized interest 38 41 43 49 63 ------ ------ ------- ------ ------- Income before taxes and fixed charges (net of capitalized interest) $5,676 $7,975 $10,702 $9,186 $11,291 ====== ====== ======= ====== ======= Fixed charges: Interest* $ 29 $ 25 $ 27 $ 34 $ 36 Capitalized interest 46 33 9 6 5 Estimated interest component of rental expense 9 16 16 15 27 ------ ------ ------- ------ ------- Total $ 84 $ 74 $ 52 $ 55 $ 68 ====== ====== ======= ====== ======== Ratio of earnings before taxes and fixed charges, to fixed charges 68x 108x 206x 167x 166x
* Interest expense includes the amortization of underwriting fees for the relevant periods outstanding. 1