EX-12 2 f09302013exhibit12.htm EXHIBIT F 09.30.2013 Exhibit 12


Exhibit 12


FORD MOTOR COMPANY AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)

 
First Nine Months
2013
Earnings
 
Income before income taxes
$
6,033

Add/(Deduct):
 
Equity in net income of affiliated companies
(780
)
Dividends from affiliated companies
459

Fixed charges excluding capitalized interest
2,920

Amortization of capitalized interest
31

Earnings
$
8,663

 
 
Fixed Charges
 
Interest expense
$
2,790

Interest portion of rental expense (a)
130

Capitalized interest
13

Total fixed charges
$
2,933

 
 
Ratios
 
Ratio of earnings to fixed charges
3.0

__________
(a) One-third of all rental expense is deemed to be interest.