EX-12.1 4 intcex12110q6292013.htm EXHIBIT 12.1
Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES

|  |  | Six Months Ended
(Dollars in Millions, Except Ratios) | Jun 29, 2013 |  | Jun 30, 2012
Earnings 1 | $ | 5,239 |  |  | $ | 7,831 |
Adjustments: |  |  |
| Add - Fixed charges | 274 |  |  | 180 |
| Subtract - Capitalized interest | (121 | ) |  | (109 | )
Earnings and fixed charges (net of capitalized interest) | $ | 5,392 |  |  | $ | 7,902 |
Fixed charges: |  |  |
| Interest 2 | $ | 133 |  |  | $ | 52 |
| Capitalized interest | 121 |  |  | 109 |
| Estimated interest component of rental expense | 20 |  |  | 19 |
Total | $ | 274 |  |  | $ | 180 |
Ratio of earnings before taxes and fixed charges, to fixed charges | 20x |  |  | 44x |

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.