Intel 2009 Annual Report Download - page 167

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Exhibit 12.1
INTEL CORPORATION 2009 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. 26,
Dec. 27,
Dec. 29,
Dec. 30,
Dec. 31,
2009
2008
2007
2006
2005
Earnings
1
$
5,887
$
8,002
$
9,166
$
7,068
$
12,610
Adjustments:
Add
—
Fixed charges
136
158
129
144
75
Subtract
—
Capitalized interest
(86
)
(86
)
(57
)
(60
)
(2
)
Earnings and fixed charges (net of capitalized interest)
$
5,937
$
8,074
$
9,238
$
7,152
$
12,683
Fixed charges:
Interest
2
$
1
$
8
$
$
24
$
19
Capitalized interest
86
60
2
Estimated interest component of rental expense
64
60
54
Total
$
136
$
158
$
129
$
144
$
75
Ratio of earnings before taxes and fixed charges, to
fixed charges
44x
51x
72x
50x
169x
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 operations is not included.