Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
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Three Months Ended |
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March 29, |
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March 30, |
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Income before taxes |
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$ |
1,316 |
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$ |
1,317 |
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Add fixed charges net of capitalized interest |
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25 |
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37 |
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Income before taxes and fixed charges (net of capitalized interest) |
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1,341 |
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1,354 |
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Fixed charges: |
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Interest |
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$ |
14 |
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$ |
24 |
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Capitalized interest |
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— |
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— |
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Estimated interest component of rental expense |
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11 |
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13 |
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Total |
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$ |
25 |
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$ |
37 |
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Ratio of earnings before taxes and fixed charges, to fixed charges |
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54 |
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37 |
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