Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
| Six Months Ended | ||||||
| June 26, 2004 |
June 28, 2003 | |||||
| Income before taxes |
$ | 4,964 | $ | 2,587 | ||
| Add fixed charges |
52 | 54 | ||||
| Income before taxes and fixed charges |
$ | 5,016 | $ | 2,641 | ||
| Fixed charges: |
||||||
| Interest |
$ | 33 | $ | 32 | ||
| Estimated interest component of rental expense |
19 | 22 | ||||
| Total |
$ | 52 | $ | 54 | ||
| Ratio of earnings before taxes and fixed charges, to fixed charges |
96 | 49 | ||||