EX-12.1 5 a09292018ex121.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 29,
2018
 
Sep 30,
2017
Earnings1 
 
$
18,025

 
$
14,557

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
742

 
733

 
Subtract - Capitalized interest
 
(381
)
 
(212
)
Earnings and fixed charges (net of capitalized interest)
 
$
18,386

 
$
15,078

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
337

 
$
493

 
Capitalized interest
 
381

 
212

 
Estimated interest component of rental expense
 
24

 
28

Total
 
$
742

 
$
733

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
25x

 
21x

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.