Attached files
EXHIBIT 12.1
AMERICAN EXPRESS CREDIT CORPORATION
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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Three Months Ended March 31, 2012 |
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Years Ended December 31, | ||||||||||||||||
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2011 | 2010 | 2009 | 2008 | ||||||||||||||||
Earnings: |
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Net income |
$ | 90 | $ | 397 | $ | 348 | $ | 362 | $ 864 | |||||||||||
Income tax (benefit) provision |
(21 | ) | (48 | ) | (24 | ) | 8 | 132 | ||||||||||||
Interest expense |
188 | 707 | 598 | 629 | 1,618 | |||||||||||||||
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Total earnings |
$ | 257 | $ | 1,056 | $ | 922 | $ | 999 | $ 2,614 | |||||||||||
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Fixed charges Interest expense |
$ | 188 | $ | 707 | $ | 598 | $ | 629 | $ 1,618 | |||||||||||
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Ratio of earnings to fixed charges |
1.37 | 1.49 | 1.54 | 1.59 | 1.62 | |||||||||||||||
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