Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
| Nine Months Ended | ||||||||
| Oct. 1, 2011 |
Sept. 25, 2010 |
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| Earnings1 |
$ | 13,447 | $ | 11,999 | ||||
| Adjustments: |
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| Add — Fixed charges |
155 | 135 | ||||||
| Subtract — Capitalized interest |
(98 | ) | (95 | ) | ||||
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| Earnings and fixed charges (net of capitalized interest) |
$ | 13,504 | $ | 12,039 | ||||
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| Fixed charges: |
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| Interest2 |
$ | 6 | $ | — | ||||
| Capitalized interest |
98 | 95 | ||||||
| Estimated interest component of rental expense |
51 | 40 | ||||||
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| Total |
$ | 155 | $ | 135 | ||||
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| Ratio of earnings before taxes and fixed charges, to fixed charges |
87 | x | 89 | x | ||||
1 After adjustments required by Item 503(d) of the U.S. Securities and Exchange Regulation S-K.
2 Interest within provision for taxes on the consolidated condensed statements of income is not included.