EX-12.1 2 d250787dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

 

     Nine Months Ended  
      Oct. 1,
2011		     Sept. 25,
2010		  

Earnings1 

    $ 13,447     $ 11,999  

Adjustments:

    

Add — Fixed charges

     155       135  

Subtract — Capitalized interest

      (98 )      (95 ) 
  

 

 

    

 

 

  

Earnings and fixed charges (net of capitalized interest)

   $ 13,504     $ 12,039  
  

 

 

    

 

 

  

Fixed charges:

    

Interest2 

    $ 6     $ —   

Capitalized interest

     98       95  

Estimated interest component of rental expense

     51       40  
  

 

 

    

 

 

  

Total

   $ 155     $ 135  
  

 

 

    

 

 

  

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

     87 x      89 x 

 

1   After adjustments required by Item 503(d) of the U.S. Securities and Exchange Regulation S-K.

2   Interest within provision for taxes on the consolidated condensed statements of income is not included.