INTEL CORPORATION STATEMENT SETTING FORTH THE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
Six Months Ended June 26, June 27, 1999 1998 ---------------------- Income before taxes $ 5,594 $ 3,731
Add fixed charges net of capitalized interest 32 23 -------- -------- Income before taxes and fixed charges (net of capitalized interest) $ 5,626 $ 3,754 ======== ========
Fixed charges:
Interest $ 20 $ 15
Capitalized interest 3 4
Estimated interest component of rental expense 12 8 -------- --------
Total $ 35 $ 27 ======== ========
Ratio of earnings before taxes and fixed charges, to fixed charges 161 139