EX-12.1 2 a2017q3-ex121.htm EXHIBIT 12.1
Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES

|  |  |  | Nine Months Ended
(Dollars in Millions) |  | Sep 30, 2017 |  | Oct 1, 2016
Earnings 1 |  | $ | 14,557 |  |  | $ | 8,557 |
Adjustments: |  |  |  |
| Add - Fixed charges |  | 733 |  |  | 686 |
| Subtract - Capitalized interest |  | (212 | ) |  | (82 | )
Earnings and fixed charges (net of capitalized interest) |  | $ | 15,078 |  |  | $ | 9,161 |
Fixed charges: |  |  |  |
| Interest 2 |  | $ | 493 |  |  | $ | 575 |
| Capitalized interest |  | 212 |  |  | 82 |
| Estimated interest component of rental expense |  | 28 |  |  | 29 |
Total |  | $ | 733 |  |  | $ | 686 |
Ratio of earnings before taxes and fixed charges, to fixed charges |  | 21x |  |  | 13x |

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.