Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratios)
Nine Months Ended | ||||||||
Sept. 29, 2012 |
Oct. 1, 2011 |
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Earnings1 |
$ | 11,809 | $ | 13,447 | ||||
Adjustments: |
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Add - Fixed charges |
267 | 155 | ||||||
Subtract - Capitalized interest |
(171 | ) | (98 | ) | ||||
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Earnings and fixed charges (net of capitalized interest) |
$ | 11,905 | $ | 13,504 | ||||
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Fixed charges: |
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Interest2 |
$ | 66 | $ | 6 | ||||
Capitalized interest |
171 | 98 | ||||||
Estimated interest component of rental expense |
30 | 51 | ||||||
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Total |
$ | 267 | $ | 155 | ||||
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Ratio of earnings before taxes and fixed charges, to fixed charges |
45x | 87x |
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.