Form 1120-F (Schedule I) — Interest Expense Allocation

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1120fi.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

OMB No. 1545-0123

2025¶

SCHEDULE I (Form 1120-F)

Department of the Treasury Internal Revenue Service

Exceptions & meaning →

Interest Expense Allocation Under Regulations¶

Section 1.882-5¶

Attach to Form 1120-F. Go to www.irs.gov/Form1120F for instructions and the latest information.

Name of corporation Employer identification number

A Check here if the corporation is a foreign bank as defined in Regulations section 1.882-5(c)(4) . . . . . . . . . . . . . B This Schedule I is being completed with respect to ( check one ):

Adjusted U.S. booked liabilities method under Regs. sec. 1.882-5(d). Complete lines 1 through 15 and 21 through 25.

For Paperwork Reduction Act Notice, see the Instructions for Form 1120-F. Cat. No. 49680W Schedule I (Form 1120-F) 2025 Created 7/23/25

Schedule I (Form 1120-F) 2025 Page 2 Step 3 (cont.) Adjusted U.S. Booked Liabilities Method: Regulations Section 1.882-5(d)

If line 7c is greater than line 8, column (c), complete lines 10 through 13 below and skip lines 14a and 14b. If line 7c is less than or equal to line 8, column (c), skip lines 10 through 13 and complete lines 14a and 14b.

(b) (c) (a) Home Country Other Currency. U.S. Dollar Currency. Specify: Specify: Denominated 16a U.S. assets. Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities. Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method. Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20	(a) U.S. Dollar Denominated	(b) Home Country Currency. Specify:	(c) Other Currency. Specify:		(d) Other Currency. Specify:
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20	%	%	%	%	%
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20	%	%	%	%	%
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20				20

Schedule I (Form 1120-F) 2025

Schedule I (Form 1120-F) 2025 Page 3 SUMMARY—Interest Expense Allocation and Deduction under Regulations Section 1.882-5

Schedule I (Form 1120-F) 2025

Exceptions & meaning →

(b) (c) (a) Home Country Other Currency. U.S. Dollar Currency. Specify: Specify: Denominated 16a U.S. assets. Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities. Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method. Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20	(a) U.S. Dollar Denominated	(b) Home Country Currency. Specify:	(c) Other Currency. Specify:		(d) Other Currency. Specify:
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20	%	%	%	%	%
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20	%	%	%	%	%
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20
(a) U.S. Dollar Denominated (b) Home Country Currency. Specify: (c) Other Currency. Specify: 16a U.S. assets.Enter the corporation’s U.S. assets, using the methodology in Regs. sec. 1.882-5(e)(1)(i). If more columns are needed, attach statement (see instructions) . . . . b Check here if a less than 3% currency election was made . . . . . . . . . . . . . . . 17a Enter the percentage from line 6e . . . . . . . . % % % b U.S.-connected liabilities.Multiply line 16a by line 17a, or, if a liability reduction election is made, see instructions . . 18a Enter the total interest expense paid or accrued for the tax year with respect to the foreign corporation’s worldwide liabilities denominated in that foreign currency (enter in functional currency) . . . . . . . . . . . . b Enter the corporation’s average worldwide liabilities (whether interest bearing or not) denominated in that foreign currency (enter in functional currency) . . . . . . . . . . c Borrowing rate: Divide line 18a by line 18b . . . . . % % % 19 Interest expense allocation by separate currency pool. Multiply line 17b by line 18c . . . . . . . . . . 20 Interest expense allocable to ECI under the separate currency pools method.Total the amounts on line 19, columns (a) through (d), and amounts from attached statement, if any, and enter the result here and on line 21 . 20				20