EX-12 2 fmcc6302013ex12.htm EXHIBIT 12 FMCC 6.30.2013 EX 12


Exhibit 12

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

 
 
First Half 2013
Earnings
 
 
Income before income taxes
 
$
961

Add/(Deduct):
 
 
Equity in net income of affiliated companies
 
(11
)
Dividends from affiliated companies
 
7

Fixed charges
 
1,369

Earnings
 
$
2,326

 
 
 
Fixed charges
 
 
Interest expense
 
$
1,365

Interest portion of rental expense (a)
 
4

Total fixed charges
 
$
1,369

 
 
 
Ratio of earnings to fixed charges
 
1.7

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