EX-12.(A) 2 d497329dex12a.htm EX-12.(A) EX-12.(a)

PACCAR Inc

EXHIBIT 12(a)

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS

(Millions of Dollars)

 

     Three Months Ended
March 31		  
     2013      2012  

FIXED CHARGES

      

Interest expense

    $ 40.1       $ 41.6   

Portion of rentals deemed interest

      1.3         1.2   
  

 

 

     

 

 

  

TOTAL FIXED CHARGES

    $ 41.4       $ 42.8   
  

 

 

     

 

 

  

EARNINGS

      

Income before taxes

    $ 337.2       $ 479.0   

Fixed charges

      39.8         40.9   
  

 

 

     

 

 

  

EARNINGS AS DEFINED

    $ 377.0       $ 519.9   
  

 

 

     

 

 

  

RATIO OF EARNINGS TO FIXED CHARGES

      9.11X         12.15X