Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
|
| | | | | | | | | | |
| | | | | Nine Months Ended |
| (Dollars in Millions) | | Oct 1,
2016 | | Sep 26,
2015 |
Earnings1 | | $ | 8,557 |
| | $ | 10,128 |
|
| Adjustments: | | | | |
| | Add - Fixed charges | | 686 |
| | 435 |
|
| | Subtract - Capitalized interest | | (82 | ) | | (202 | ) |
| Earnings and fixed charges (net of capitalized interest) | | $ | 9,161 |
| | $ | 10,361 |
|
| | | | | | | |
| Fixed charges: | | | | |
| | Interest2 | | $ | 575 |
| | $ | 211 |
|
| | Capitalized interest | | 82 |
| | 202 |
|
| | Estimated interest component of rental expense | | 29 |
| | 22 |
|
| Total | | $ | 686 |
| | $ | 435 |
|
| | | | | | | |
| Ratio of earnings before taxes and fixed charges, to fixed charges | | 13x |
| | 24x |
|
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.
