EX-12 2 fmcc3312013ex12.htm EXHIBIT 12 FMCC 3.31.2013 EX 12


Exhibit 12

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

 
 
First Quarter 2013
Earnings
 
 
Income before income taxes
 
$
507

Add/(Deduct):
 
 
Equity in net income of affiliated companies
 
(5
)
Dividends from affiliated companies
 
—

Fixed charges
 
685

Earnings
 
$
1,187

 
 
 
Fixed charges
 
 
Interest expense
 
$
683

Interest portion of rental expense (a)
 
2

Total fixed charges
 
$
685

 
 
 
Ratio of earnings to fixed charges
 
1.73

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