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admitting, allocated, allocation, began, civil, classification, entered, extension, favor, finally, foot, Grossa, independent, inflow, life, network, onForm, penalty, Ponta, preceding, previously, proceeding, progressing, ratio, resolution, resolved, restatement, SeeLegal, settled, square, thousand, uneven
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PACCAR Inc
EXHIBIT 12(a)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO SEC REPORTING REQUIREMENTS
(Millions of Dollars)
Six Months Ended June 30 | 2013 | 2012 | ||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 79.3 | $ | 80.9 | ||||
Portion of rentals deemed interest | 2.5 | 1.2 | ||||||
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TOTAL FIXED CHARGES | $ | 81.8 | $ | 82.1 | ||||
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EARNINGS | ||||||||
Income before taxes | $ | 770.1 | $ | 925.3 | ||||
Fixed charges | 78.7 | 78.3 | ||||||
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EARNINGS AS DEFINED | $ | 848.8 | $ | 1,003.6 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 10.38X | 12.22X | ||||||
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