Intel 2010 Annual Report Download - page 155

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Exhibit 12.1
INTEL CORPORATION 2010 FORM 10-K
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In Millions, Except Ratios)
Years Ended
Dec. 25,
Dec. 26,
Dec. 27,
Dec. 29,
Dec. 30,
2010
2009
2008
2007
2006
Earnings
1
$
16,221
$
5,887
$
8,002
$
9,166
$
7,068
Adjustments:
Add
—
Fixed charges
181
136
158
129
144
Subtract
—
Capitalized interest
(134
)
(86
)
(86
)
(57
)
(60
)
Earnings and fixed charges (net of capitalized interest)
$
16,268
$
5,937
$
8,074
$
9,238
$
7,152
Fixed Charges:
Interest
2
$
—
$
1
$
8
$
15
$
24
Capitalized interest
134
86
57
60
Estimated interest component of rental expense
49
57
60
Total
$
181
$
136
$
158
$
129
$
144
Ratio of earnings before taxes and fixed charges, to
fixed charges
90x
44x
51x
72x
50x
1
After adjustments required by Item 503(d) of the U.S. Securities and Exchange Regulation S
-
K.
2
Interest within provision for taxes on the consolidated statements of income is not included.