EX-12.1 3 dex121.htm STATEMENT SETTING FORTH THE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Setting Forth the Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

(in millions)

 

     Three Months Ended
    

March 27,

2004

   

March 29,

2003

Income before taxes

    $             2,544    $             1,316

Add fixed charges

      28      25
    
  

Income before taxes and fixed charges

    $ 2,572    $ 1,341
    
  

Fixed charges:

              

Interest

    $ 18    $ 14

Estimated interest component of rental expense

      10      11
    
  

Total

    $ 28    $ 25
    
  

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

      92      54