EX-12.(A) 4 d586294dex12a.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)

 

Nine Months Ended September 30

    2013      2012  

FIXED CHARGES

      

Interest expense

    $ 118.4       $ 121.9   

Portion of rentals deemed interest

      3.5         3.4   
  

 

 

     

 

 

  

TOTAL FIXED CHARGES

    $ 121.9       $ 125.3   
  

 

 

     

 

 

  

EARNINGS

      

Income before taxes

    $ 1,210.1       $ 1,270.7   

Fixed charges

      117.3         119.9   
  

 

 

     

 

 

  

EARNINGS AS DEFINED

    $ 1,327.4       $ 1,390.6   
  

 

 

     

 

 

  

RATIO OF EARNINGS TO FIXED CHARGES

      10.89X         11.10X