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10-Q - 10-Q - INTEL CORPa0331201810qdocument.htm
EX-32.1 - EXHIBIT 32.1 - INTEL CORPa03312018ex321.htm
EX-31.2 - EXHIBIT 31.2 - INTEL CORPa03312018ex312.htm
EX-31.1 - EXHIBIT 31.1 - INTEL CORPa03312018ex311.htm


Exhibit 12.1

INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
     
 
 
 
 
Three Months Ended
(Dollars in Millions)
 
Mar 31,
2018
 
Apr 1,
2017
Earnings
 
$
5,139

 
$
3,861

Adjustments:
 
 
 
 
 
Add - Fixed charges
 
234

 
223

 
Subtract - Capitalized interest
 
(113
)
 
(67
)
Earnings and fixed charges (net of capitalized interest)
 
$
5,260

 
$
4,017

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
Interest2 
 
$
112

 
$
146

 
Capitalized interest
 
113

 
67

 
Estimated interest component of rental expense
 
9

 
10

Total
 
$
234

 
$
223

 
 
 
 
 
 
 
Ratio of earnings before taxes and fixed charges, to fixed charges
 
22x

 
18x

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.