Attached files

file filename
10-Q - FORD MOTOR CREDIT COMPANY LLC 10-Q - FORD MOTOR CREDIT CO LLCa6497558.htm
EX-15 - EXHIBIT 15 - FORD MOTOR CREDIT CO LLCa6497558ex15.htm
EX-32.2 - EXHIBIT 32.2 - FORD MOTOR CREDIT CO LLCa6497558ex32-2.htm
EX-31.2 - EXHIBIT 31.2 - FORD MOTOR CREDIT CO LLCa6497558ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - FORD MOTOR CREDIT CO LLCa6497558ex31-1.htm
EX-32.1 - EXHIBIT 32.1 - FORD MOTOR CREDIT CO LLCa6497558ex32-1.htm
Exhibit 12

FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES


   
First Nine Months
   
For the Years Ended December 31,
 
 
 
2010
   
2009
   
2008
   
2007
 
   
(in millions)
 
Earnings
                       
Income/(Loss) before income taxes
  $ 2,482     $ 2,001     $ (2,559 )   $ 1,215  
Less:  Equity in net income of  affiliated companies
    8       1       8       14  
Fixed charges
    3,246       5,174       7,648       8,652  
Earnings before fixed charges
  $ 5,720     $ 7,174     $ 5,081     $ 9,853  
                                 
Fixed charges (a)
                               
Interest expense
  $ 3,238     $ 5,162     $ 7,634     $ 8,630  
Rents
    8       12       14       22  
Total fixed charges
  $ 3,246     $ 5,174     $ 7,648     $ 8,652  
                                 
Ratio of earnings to fixed charges
    1.76       1.39    
(b
)     1.14  
                                 
 
 
(a)
Consists of interest on borrowed funds, amortization of debt discount, premium, and issuance expense, and one-third of all rental expense (the proportion deemed representative of the interest factor).
(b)
Earnings inadequate to cover fixed charges by $2,567 million.