EX-12.1 2 a2017q3-ex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Nine Months Ended
(Dollars in Millions)
 
Sep 30,
2017
 
Oct 1,
2016
Earnings1 
 
$
14,557

 
$
8,557

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
733

 
686

 
Subtract - Capitalized interest
 
(212
)
 
(82
)
Earnings and fixed charges (net of capitalized interest)
 
$
15,078

 
$
9,161

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
493

 
$
575

 
Capitalized interest
 
212

 
82

 
Estimated interest component of rental expense
 
28

 
29

Total
 
$
733

 
$
686

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

 
13x


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.