Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
|
|
|
Six Months Ended |
|
||||
|
|
|
June 28, |
|
June 29, |
|
||
|
|
|
|
|
|
|
||
|
Income before taxes |
|
$ |
2,587 |
|
$ |
1,940 |
|
|
|
|
|
|
|
|
||
|
Add fixed charges net of capitalized interest |
|
54 |
|
78 |
|
||
|
|
|
|
|
|
|
||
|
Income before taxes and fixed charges (net of capitalized interest) |
|
$ |
2,641 |
|
$ |
2,018 |
|
|
|
|
|
|
|
|
||
|
Fixed charges: |
|
|
|
|
|
||
|
Interest |
|
$ |
32 |
|
$ |
49 |
|
|
Capitalized interest |
|
— |
|
1 |
|
||
|
Estimated interest component of rental expense |
|
22 |
|
29 |
|
||
|
|
|
|
|
|
|
||
|
Total |
|
$ |
54 |
|
$ |
79 |
|
|
|
|
|
|
|
|
||
|
Ratio of earnings before taxes and fixed charges, to fixed charges |
|
49 |
|
26 |
|
||