EX-12.1 6 intcex12110q3282015.htm EXHIBIT 12.1 INTC ex12.1 10Q 3.28.2015


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Three Months Ended
(Dollars in Millions)
 
Mar 28,
2015
 
Mar 29,
2014
Earnings1 
 
$
2,766

 
$
2,718

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
131

 
124

 
Subtract - Capitalized interest
 
(81
)
 
(77
)
Earnings and fixed charges (net of capitalized interest)
 
$
2,816

 
$
2,765

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
42

 
$
37

 
Capitalized interest
 
81

 
77

 
Estimated interest component of rental expense
 
8

 
10

Total
 
$
131

 
$
124

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
21x

 
22x


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.