Attached files
| file | filename |
|---|---|
| 10-Q - CFSC 2018 2ND QUARTER 10-Q - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-06302018x10q.htm |
| EX-32 - EXHIBIT 32 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-06302018x10qxex32.htm |
| EX-31.2 - EXHIBIT 31.2 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-06302018x10qxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - CATERPILLAR FINANCIAL SERVICES CORP | cfsc-06302018x10qxex311.htm |
| EX-10.1 - EXHIBIT 10.1 - CATERPILLAR FINANCIAL SERVICES CORP | taxsharingagreement_catinc.htm |
EXHIBIT 12
Caterpillar Financial Services Corporation
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
(Dollars in Millions)
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Profit of consolidated companies | $ | 76 | $ | 115 | $ | 171 | $ | 232 | |||||||
Add: | |||||||||||||||
Provision for income taxes | 24 | 49 | 53 | 99 | |||||||||||
Profit before income taxes | $ | 100 | $ | 164 | $ | 224 | $ | 331 | |||||||
Fixed charges: | |||||||||||||||
Interest expense | $ | 190 | $ | 168 | $ | 364 | $ | 330 | |||||||
Rentals at computed interest* | 1 | 2 | 2 | 3 | |||||||||||
Total fixed charges | $ | 191 | $ | 170 | $ | 366 | $ | 333 | |||||||
Profit before income taxes plus fixed charges | $ | 291 | $ | 334 | $ | 590 | $ | 664 | |||||||
Ratio of profit before income taxes plus fixed charges to fixed charges | 1.52 | 1.96 | 1.61 | 1.99 | |||||||||||
*Those portions of rent expense that are representative of interest cost.