EX-12 3 q30210qex12.htm Q3 02 10-Q EXHIBIT 12 LIVE Intel Corporation

Exhibit 12.1

INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES

(in millions)

Nine Months Ended

Sept. 28,

Sept. 29,

2002

2001
Income before taxes

$

2,857 

$

1,389 
  
Add fixed charges net of capitalized interest

113 

91 
Income before taxes and fixed
  charges (net of capitalized interest)
$


2,970 
$


1,480 
    
Fixed charges:
   
Interest

$

67 

$

41 
     
Capitalized interest

1 

5 
    
Estimated interest component of rental expense

46 

50 
Total

$

114 

$

96 
   
     
Ratio of earnings before taxes and fixed charges,
  to fixed charges


26 


15