EX-12 2 fmcc09302016ex12.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
 2016
Earnings
 
 
Income before income taxes
 
$
1,481

Add/(Deduct):
 
 
Equity in net income of affiliated companies
 
(23
)
Dividends from affiliated companies
 
(3
)
Fixed charges excluding capitalized interest
 
2,037

Earnings
 
$
3,492

 
 
 
Fixed charges
 
 
Interest expense
 
$
2,030

Interest portion of rental expense (a)
 
7

Capitalized interest
 
1

Total fixed charges
 
$
2,038

 
 
 
Ratios
 
 
Ratio of earnings to fixed charges
 
1.7

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