EX-12.1 3 f59247exv12w1.htm EXHIBIT 12.1 exv12w1
Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
                 
    Six Months Ended  
    July 2,     June 26,  
    2011     2010  
Earnings1
   $ 8,470     $ 7,704  
 
                
Adjustments:
                
Add — Fixed charges
     121       95  
Subtract — Capitalized interest
     (83 )     (68 )
 
            
 
                
Earnings and fixed charges (net of capitalized interest)
   $ 8,508     $ 7,731  
 
            
 
                
Fixed charges:
                
Interest2
   $ 6     $ —  
Capitalized interest
     83       68  
Estimated interest component of rental expense
     32       27  
 
            
 
                
Total
   $ 121     $ 95  
 
            
 
                
Ratio of earnings before taxes and fixed charges, to fixed charges
     70 x     81 x
 
1   After adjustments required by Item 503(d) of the U.S. Securities and Exchange Regulation S-K.
 
2   Interest within provision for taxes on the consolidated condensed statements of income is not included.