PACCAR (PCAR) 10-Q2011 Q2 Quarterly report

Filed: 8 Aug 11, 12:00am

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New words: appellate, court, domestic, enhanced, federal, gain, mix, outcome, remote, reversed, unanimously

Removed: export, growth, month, slightly

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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	2011		2010

FIXED CHARGES
Interest expense	$	90.2	$	108.4
Portion of rentals deemed interest		2.7		7.2


TOTAL FIXED CHARGES	$	92.9	$	115.6


EARNINGS
Income before taxes	$	639.5	$	244.6
Fixed charges		92.9		115.6


EARNINGS AS DEFINED	$	732.4	$	360.2


RATIO OF EARNINGS TO FIXED CHARGES		7.88X		3.12X

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