Periodic, self-consistent, Density Functional Theory (PW91-GGA) calculations are used to study competitive paths for the decomposition of methanol on Pt(111). Pathways proceeding through initial C-H and C-O bond scission events in methanol are considered, and the results are compared to data for a pathway proceeding through an initial O-H scission event [Greeley et al. J. Am. Chem. Soc. 2002, 124, 7193]. The DIFT results suggest that methanol decomposition via CH2OH and either formaldehyde or HCOH intermediates is an energetically feasible pathway; O-H scission to CH3O, followed by sequential dehydrogenation, may be another realistic route. Microkinetic modeling based on the first-principles results shows that, under realistic reaction conditions, C-H scission in methanol is the initial decomposition step with the highest net rate. The elementary steps of all reaction pathways (with the exception of C-O scission) follow a linear correlation between the transition state and final state energies. Simulated HREELS spectra of the intermediates show good agreement with available experimental data, and HREELS spectra of experimentally elusive reaction intermediates are predicted.