EX-12.1 8 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)

 

     Six Months Ended
     June 26,
2004
   

June 28,

2003

Income before taxes

    $ 4,964    $ 2,587

Add fixed charges

      52      54
    
  

Income before taxes and fixed charges

    $ 5,016    $ 2,641
    
  

Fixed charges:

              

Interest

    $ 33    $ 32

Estimated interest component of rental expense

      19      22
    
  

Total

    $ 52    $ 54
    
  

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

      96      49