Exhibit 12
INTEL CORPORATION 2002 FORM 10-K
STATEMENT SETTING FORTH
THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In millions, except ratios)
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Years Ended |
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Dec. 26, |
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Dec. 25, |
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Dec. 30, |
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Dec. 29, |
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Dec. 28, |
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1998 |
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1999 |
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2000 |
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2001 |
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2002 |
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Income before taxes |
|
$ |
9,137 |
|
$ |
11,228 |
|
$ |
15,141 |
|
$ |
2,183 |
|
$ |
4,204 |
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Add - Fixed charges net of capitalized interest |
|
49 |
|
63 |
|
82 |
|
125 |
|
133 |
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Income before taxes and fixed charges (net of capitalized interest) |
|
$ |
9,186 |
|
$ |
11,291 |
|
$ |
15,223 |
|
$ |
2,308 |
|
$ |
4,337 |
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Fixed charges: |
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Interest |
|
$ |
34 |
|
$ |
36 |
|
$ |
35 |
|
$ |
56 |
|
$ |
84 |
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Capitalized interest |
|
6 |
|
5 |
|
7 |
|
5 |
|
1 |
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Estimated interest component of rental expense |
|
15 |
|
27 |
|
47 |
|
69 |
|
49 |
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Total |
|
$ |
55 |
|
$ |
68 |
|
$ |
89 |
|
$ |
130 |
|
$ |
134 |
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Ratio of earnings before taxes and fixed charges, to fixed charges |
|
167 |
x |
166 |
x |
171 |
x |
18 |
x |
32 |
x |