EX-12.1 2 dex121.htm STATEMENT SETTING FORTH THE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement Setting Forth the Computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

 

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

 

(In Millions)

 

     Nine Months Ended
     Sept. 25,
2004
   

Sept. 27,

2003

Income before taxes

    $ 7,390    $ 4,862

Add fixed charges

      74      77
    
  

Income before taxes and fixed charges

    $ 7,464    $ 4,939
    
  

Fixed charges:

              

Interest

    $ 46    $ 44

Estimated interest component of rental expense

      28      33
    
  

Total

    $ 74    $ 77
    
  

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

      101      64

 

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