EX-12 2 fmcc09302017ex12.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
 2017
Earnings
 
Income before income taxes
$
1,700

Add/(Deduct):
 
Equity in net income of affiliated companies
(25
)
Dividends from affiliated companies
4

Fixed charges excluding capitalized interest
2,314

Earnings
$
3,993

 
 
Fixed charges
 
Interest expense
$
2,308

Interest portion of rental expense (a)
6

Total fixed charges
$
2,314

 
 
Ratios
 
Ratio of earnings to fixed charges
1.7

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