EX-12.1 2 f42344exv12w1.htm EXHIBIT 12.1 exv12w1
         
Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
                 
    Six Months Ended  
    June 28,     June 30,  
    2008     2007  
Income before taxes
   $ 4,484     $ 3,402  
 
                
Adjustments:
                
Add fixed charges
     72       59  
Subtract interest capitalized
     (38 )     (24 )
 
            
 
                
Income before taxes and fixed charges
   $ 4,518     $ 3,437  
 
            
 
                
Fixed charges:
                
Interest1
   $ 8     $ 7  
Capitalized interest
     38       24  
Estimated interest component of rental expense
     26       28  
 
            
 
                
Total
   $ 72     $ 59  
 
            
 
                
Ratio of earnings before taxes and fixed charges, to fixed charges
     63       58  
 
1   Interest within provision for taxes on the consolidated condensed statements of income is not included.