EX-12.1 2 intcex12110q04022016.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Three Months Ended
(Dollars in Millions)
 
Apr 2,
2016
 
Mar 28,
2015
Earnings1 
 
$
2,549

 
$
2,766

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
240

 
131

 
Subtract - Capitalized interest
 
(22
)
 
(81
)
Earnings and fixed charges (net of capitalized interest)
 
$
2,767

 
$
2,816

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
208

 
$
42

 
Capitalized interest
 
22

 
81

 
Estimated interest component of rental expense
 
10

 
8

Total
 
$
240

 
$
131

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
12x

 
21x


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.