Caterpillar Financial Services 10-Q 2010 Q3 Quarterly report

EXHIBIT 12

CATERPILLAR FINANCIAL SERVICES CORPORATION

COMPUTATION OF RATIO OF PROFIT TO FIXED CHARGES

(Unaudited)

(Dollars in Millions)

	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,			September 30,
	2010		2009		2010				2009
Profit	$	73	$	76	$	208			$	216
Add:
Provision for income taxes		13		-		39				45
Profit before income taxes	$	86	$	76	$	247			$	261
Fixed charges:
Interest expense	$	228	$	255	$	696			$	809
Rentals at computed interest*		1		1		4				4
Total fixed charges	$	229	$	256	$	700			$	813
Profit before income taxes plus fixed charges	$	315	$	332	$	947	��		$	1,074
Ratio of profit before income taxes plus   fixed charges to fixed charges		1.38		1.30		1.35				1.32

*Those portions of rent expense that are representative of interest cost.