EX-12 2 fmcc03312017ex12.htm EXHIBIT 12 Exhibit


Exhibit 12

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

 
First Quarter
 2017
Earnings
 
Income before income taxes
$
481

Add/(Deduct):
 
Equity in net income of affiliated companies
(7
)
Dividends from affiliated companies
—

Fixed charges excluding capitalized interest
731

Earnings
$
1,205

 
 
Fixed charges
 
Interest expense
$
729

Interest portion of rental expense (a)
2

Total fixed charges
$
731

 
 
Ratios
 
Ratio of earnings to fixed charges
1.6

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