EX-12.1 4 intcex12110q04012017.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 1,
2017
 
Apr 2,
2016
Earnings1 
 
$
3,861

 
$
2,549

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
223

 
240

 
Subtract - Capitalized interest
 
(67
)
 
(22
)
Earnings and fixed charges (net of capitalized interest)
 
$
4,017

 
$
2,767

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
146

 
$
208

 
Capitalized interest
 
67

 
22

 
Estimated interest component of rental expense
 
10

 
10

Total
 
$
223

 
$
240

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
18x

 
12x


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.