EX-12.1 5 intcex12110q6272015.htm EXHIBIT 12.1 INTC ex12.1 10Q 6.27.2015


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Six Months Ended
(Dollars in Millions)
 
Jun 27,
2015
 
Jun 28,
2014
Earnings1 
 
$
5,806

 
$
6,694

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
260

 
245

 
Subtract - Capitalized interest
 
(150
)
 
(140
)
Earnings and fixed charges (net of capitalized interest)
 
$
5,916

 
$
6,799

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
95

 
$
86

 
Capitalized interest
 
150

 
140

 
Estimated interest component of rental expense
 
15

 
19

Total
 
$
260

 
$
245

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
23x

 
28x


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.