EX-12 2 fmcc06302018ex12.htm EXHIBIT 12 Exhibit


Exhibit 12

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

 
First Half
2018
Earnings
 
Income before income taxes
$
1,286

Add/(Deduct):
 
Equity in net income of affiliated companies
(12
)
Dividends from affiliated companies

Fixed charges excluding capitalized interest
1,914

Earnings
$
3,188

 
 
Fixed charges
 
Interest expense
$
1,909

Interest portion of rental expense
5

Capitalized interest
1

Total fixed charges
$
1,915

 
 
Ratios
 
Ratio of earnings to fixed charges
1.7