EX-12.1 2 a06302018ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Six Months Ended
(Dollars in Millions)
 
Jun 30,
2018
 
Jul 1,
2017
Earnings1 
 
$
10,789

 
$
8,443

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
483

 
457

 
Subtract - Capitalized interest
 
(239
)
 
(136
)
Earnings and fixed charges (net of capitalized interest)
 
$
11,033

 
$
8,764

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
228

 
$
302

 
Capitalized interest
 
239

 
136

 
Estimated interest component of rental expense
 
16

 
19

Total
 
$
483

 
$
457

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
23x

 
19x

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.