Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(In Millions)
| Nine Months Ended | ||||||
| Sept. 25, 2004 |
Sept. 27, 2003 | |||||
| Income before taxes |
$ | 7,390 | $ | 4,862 | ||
| Add fixed charges |
74 | 77 | ||||
| Income before taxes and fixed charges |
$ | 7,464 | $ | 4,939 | ||
| Fixed charges: |
||||||
| Interest |
$ | 46 | $ | 44 | ||
| Estimated interest component of rental expense |
28 | 33 | ||||
| Total |
$ | 74 | $ | 77 | ||
| Ratio of earnings before taxes and fixed charges, to fixed charges |
101 | 64 | ||||
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