EX-12.(A) 2 dex12a.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

EXHIBIT 12(a)

PACCAR Inc

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS

(Millions of Dollars)

 

     Three Months Ended
March 31
     2010    2009

FIXED CHARGES

      

Interest expense

    $ 55.9    $ 91.1

Portion of rentals deemed interest

      2.9      4.5
             

TOTAL FIXED CHARGES

    $ 58.8    $ 95.6
             
     

EARNINGS

      

Income before taxes

    $ 96.0    $ 36.6

Fixed charges

      58.8      95.6
             

EARNINGS AS DEFINED

    $ 154.8    $ 132.2
             
     

RATIO OF EARNINGS TO FIXED CHARGES

      2.63X      1.38X