Exhibit 12.1
INTEL CORPORATION 2011 FORM 10-K
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In Millions, Except Ratios)
| Years Ended | ||||||||||||||||||||
| Dec. 31, 2011 |
Dec. 25, 2010 |
Dec. 26, 2009 |
Dec. 27, 2008 |
Dec. 29, 2007 |
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| Earnings1 |
$ | 18,068 | $ | 16,221 | $ | 5,887 | $ | 8,002 | $ | 9,166 | ||||||||||
| Adjustments: |
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| Add - Fixed charges |
226 | 181 | 136 | 158 | 129 | |||||||||||||||
| Subtract - Capitalized interest |
(150 | ) | (134 | ) | (86 | ) | (86 | ) | (57 | ) | ||||||||||
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| Earnings and fixed charges (net of capitalized interest) |
$ | 18,144 | $ | 16,268 | $ | 5,937 | $ | 8,074 | $ | 9,238 | ||||||||||
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| Fixed Charges: |
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| Interest2 |
$ | 41 | $ | — | $ | 1 | $ | 8 | $ | 15 | ||||||||||
| Capitalized interest |
150 | 134 | 86 | 86 | 57 | |||||||||||||||
| Estimated interest component of rental expense |
35 | 47 | 49 | 64 | 57 | |||||||||||||||
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| Total |
$ | 226 | $ | 181 | $ | 136 | $ | 158 | $ | 129 | ||||||||||
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| Ratio of earnings before taxes and fixed charges, to fixed charges |
80 | x | 90 | x | 44 | x | 51 | x | 72 | x | ||||||||||
| 1 | After adjustments required by Item 503(d) of Regulation S-K. |
| 2 | Interest within provision for taxes on the consolidated statements of income is not included. |