PACCAR (PCAR) 10-Q2015 Q3 Quarterly report

Filed: 5 Nov 15, 12:00am

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New words: Adaptive, advanced, aerodynamic, Aid, assist, Assistant, August, behavior, Braking, brand, bring, building, clarify, close, coaching, Collision, comfort, cruise, cue, deliver, Departure, driver, durability, economy, Edition, Emergency, enabling, environment, expertise, HP, integrate, introduction, Lane, LF, liter, located, manual, optimal, optimize, optimum, output, package, quiet, reliability, road, RPM, scoring, shift, strategically, system, technical, torque, TRP, visual, Warning

Removed: activity, Brasil, monthly

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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)


Nine Months Ended September 30,	2015		2014
FIXED CHARGES
Interest expense	$	82.4	$	99.6
Portion of rentals deemed interest		3.6		4.5


TOTAL FIXED CHARGES	$	86.0	$	104.1


EARNINGS
Income before taxes	$	1,838.4	$	1,439.9
Fixed charges		89.7		106.5


EARNINGS AS DEFINED	$	1,928.1	$	1,546.4


RATIO OF EARNINGS TO FIXED CHARGES		22.42X		14.85X

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