EX-12 2 fmcc03312018ex12.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
2018
Earnings
 
Income before income taxes
$
641

Add/(Deduct):
 
Equity in net income of affiliated companies
(6
)
Dividends from affiliated companies
—

Fixed charges excluding capitalized interest
914

Earnings
$
1,549

 
 
Fixed charges
 
Interest expense
$
912

Interest portion of rental expense
2

Capitalized interest
—

 
 
Ratios
 
Ratio of earnings to fixed charges
1.7