Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - PACCAR INC | Financial_Report.xls |
EX-32 - EX-32 - PACCAR INC | d729503dex32.htm |
EX-31.A - EX-31.A - PACCAR INC | d729503dex31a.htm |
EX-31.B - EX-31.B - PACCAR INC | d729503dex31b.htm |
10-Q - 10-Q - PACCAR INC | d729503d10q.htm |
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 |
2014 | 2013 | ||||||
FIXED CHARGES |
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Interest expense |
$ | 68.8 | $ | 79.3 | ||||
Portion of rentals deemed interest |
3.1 | 2.5 | ||||||
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TOTAL FIXED CHARGES |
$ | 71.9 | $ | 81.8 | ||||
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EARNINGS |
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Income before taxes |
$ | 887.5 | $ | 770.1 | ||||
Fixed charges |
73.1 | 78.7 | ||||||
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EARNINGS AS DEFINED |
$ | 960.6 | $ | 848.8 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES |
13.36X | 10.38X | ||||||
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