EX-12.1 2 d386477dex121.htm EXHIBIT 12.1 EXHIBIT 12.1

Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

(In Millions, Except Ratios)

 

     Six Months Ended  
     June 30,
2012		     July 2,
2011		  

Earnings1

    $ 7,831      $ 8,470   

Adjustments:

    

Add - Fixed charges

     180        121   

Subtract - Capitalized interest

     (109 )      (83 ) 
  

 

 

    

 

 

  

Earnings and fixed charges (net of capitalized interest)

   $ 7,902      $ 8,508   
  

 

 

    

 

 

  

Fixed charges:

    

Interest2

    $ 52      $ 6   

Capitalized interest

     109        83   

Estimated interest component of rental expense

     19        32   
  

 

 

    

 

 

  

Total

   $ 180      $ 121   
  

 

 

    

 

 

  

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

     44x        70x   

 

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.