PACCAR (PCAR) 10-Q2010 Q2 Quarterly report

Filed: 6 Aug 10, 12:00am

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New words: arising, assist, ASU, begin, Codification, combined, Condensed, conducted, equally, exposed, FASB, gradually, light, long, medium, misclassification, mitigate, modestly, objective, originated, post, pronouncement, qualify, Reclassification, recover, retired, retirement, Rule, topic, uneven, Update, volatility

Removed: AA, absorption, amended, applicable, audited, derived, disclosed, factory, granted, group, impacted, invested, larger, manage, mix, OCI, operation, performed, processed, production, promulgated, strong, supervision, travel, utilization, wholly

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EXHIBIT 12(a)

PACCAR Inc

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS

(Millions of Dollars)


	Six Months Ended June 30
	2010		2009

.
FIXED CHARGES
Interest expense	$	108.4	$	163.4
Portion of rentals deemed interest		7.2		8.9


TOTAL FIXED CHARGES		115.6	$	172.3


EARNINGS
Income before taxes	$	244.6	$	64.5
Fixed charges		115.6		172.3


EARNINGS AS DEFINED	$	360.2	$	236.8


RATIO OF EARNINGS TO FIXED CHARGES		3.12X		1.37X

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