Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratios)
Six Months Ended | ||||||||
June 30, 2012 |
July 2, 2011 |
|||||||
Earnings1 |
$ | 7,831 | $ | 8,470 | ||||
Adjustments: |
||||||||
Add - Fixed charges |
180 | 121 | ||||||
Subtract - Capitalized interest |
(109 | ) | (83 | ) | ||||
|
|
|
|
|||||
Earnings and fixed charges (net of capitalized interest) |
$ | 7,902 | $ | 8,508 | ||||
|
|
|
|
|||||
Fixed charges: |
||||||||
Interest2 |
$ | 52 | $ | 6 | ||||
Capitalized interest |
109 | 83 | ||||||
Estimated interest component of rental expense |
19 | 32 | ||||||
|
|
|
|
|||||
Total |
$ | 180 | $ | 121 | ||||
|
|
|
|
|||||
Ratio of earnings before taxes and fixed charges, to fixed charges |
44x | 70x |
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.