EX-12.1 3 dex121.htm STATEMENT SETTING FORTH THE COMPUTATION OF RATIOS OF EARNING TO FIXED CHARGES. Statement setting forth the computation of ratios of earning to fixed charges.

Exhibit 12.1

 

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

 

(in millions)

 

     Nine Months Ended
    

Sept. 27,

2003

   

Sept. 28,

2002

Income before taxes

    $             4,862    $             2,857

Add fixed charges net of capitalized interest

      77      113
    
  

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

    $ 4,939    $ 2,970
    
  

Fixed charges:

              

Interest

    $ 44    $ 67

Capitalized interest

      —        1

Estimated interest component of rental expense

      33      46
    
  

Total

    $ 77    $ 114
    
  

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

      64      26