EX-12.1 4 a2178006zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

MICRON TECHNOLOGY, INC.
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

			2002		2003		2004		2005		2006		Six Months Ended March 2, 2006		Six Months Ended March 1, 2007
Earnings:
	Income (loss) from continuing operations before income taxes and noncontrolling interests		(998	)	(1,200	)	232		199		433		263		155
	Equity in loss of equity method investee		—		—		—		—		1		—		0
	Amortization of capitalized interest expense		1		1		1		1		1		1		1
	Capitalized interest		(11	)	(3	)	(1	)	(2	)	(10	)	(3	)	(14	)
	Fixed charges, as below		33		48		44		57		45		25		28

		Total earnings, as defined	(975	)	(1,154	)	276		255		470		286		170
Fixed charges:
	Interest expense, net of capitalized portion		17		37		36		47		25		18		5
	Capitalized interest		11		3		1		2		10		3		14
	Rental expense, representative of interest		5		8		7		8		10		4		9

		Total fixed charges, as defined	33		48		44		57		45		25		28

Ratio of earnings to fixed charges(1)			—		—		6.3x		4.5x		10.4x		11.7x		6.0x

(1): For the purpose of calculating such ratios, "earnings" consist of income from continuing operations before income taxes and noncontrolling interests plus fixed charges and "fixed charges" consist of interest expense (net of capitalized portion), capitalized interest, amortization of debt discount and the portion of rental expense representative of interest expense. Earnings before fixed charges were inadequate to cover total fixed charges by $1,008 million and $1,202 million for the fiscal years ended August 29, 2002 and August 28, 2003, respectively.