EX-12 2 fmcc09302015ex12.htm EXHIBIT 12 Exhibit


Exhibit 12

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

 
 
First Nine
Months 2015
Earnings
 
 
Income before income taxes
 
$
1,530

Add/(Deduct):
 
 
Equity in net income of affiliated companies
 
(24
)
Dividends from affiliated companies
 
—

Fixed charges excluding capitalized interest
 
1,826

Earnings
 
$
3,332

 
 
 
Fixed charges
 
 
Interest expense
 
$
1,819

Interest portion of rental expense (a)
 
7

Capitalized interest
 
1

Total fixed charges
 
$
1,827

 
 
 
Ratios
 
 
Ratio of earnings to fixed charges
 
1.8

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