EX-12 3 fmcc03312014ex12.htm EXHIBIT 12 FMCC 03.31.2014 EX 12


Exhibit 12

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

 
 
First Quarter 2014
Earnings
 
 
Income before income taxes
 
$
499

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

Fixed charges
 
668

Earnings
 
$
1,160

 
 
 
Fixed charges
 
 
Interest expense
 
$
666

Interest portion of rental expense (a)
 
2

Total fixed charges
 
$
668

 
 
 
Ratios
 
 
Ratio of earnings to fixed charges
 
1.74

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