Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratios)
Three Months Ended | ||||||||
March
31, 2012 |
April
2, 2011 |
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Earnings1 |
$ | 3,856 | $ | 4,453 | ||||
Adjustments: |
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Add Fixed charges |
91 | 65 | ||||||
Subtract Capitalized interest |
(50 | ) | (44 | ) | ||||
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Earnings and fixed charges (net of capitalized interest) |
$ | 3,897 | $ | 4,474 | ||||
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Fixed charges: |
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Interest2 |
$ | 31 | $ | 6 | ||||
Capitalized interest |
50 | 44 | ||||||
Estimated interest component of rental expense |
10 | 15 | ||||||
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Total |
$ | 91 | $ | 65 | ||||
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Ratio of earnings before taxes and fixed charges, to fixed charges |
43x | 69x |
1 After adjustments required by Item 503(d) of Regulation S-K.
2 Interest within provision for taxes on the consolidated condensed statements of income is not included.