Caterpillar Financial Services 10-Q 2012 Q3 Quarterly report

EXHIBIT 12

Caterpillar Financial Services Corporation

COMPUTATION OF RATIO OF PROFIT TO FIXED CHARGES

(Unaudited)

(Dollars in Millions)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Profit	$	109	$	93	$	333	$	283
Add:
Provision for income taxes	41		29		126		98
Profit before income taxes	$	150	$	122	$	459	$	381
Fixed charges:
Interest expense	$	201	$	211	$	603	$	624
Rentals at computed interest*	1		1		4		4
Total fixed charges	$	202	$	212	$	607	$	628
Profit before income taxes plus fixed charges	$	352	$	334	$	1,066	$	1,009
Ratio of profit before income taxes plus fixed charges to fixed charges	1.74		1.58		1.76		1.61

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