Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - PACCAR INC | d45361d10k.htm |
| EX-32 - EX-32 - PACCAR INC | d45361dex32.htm |
| EX-24 - EX-24 - PACCAR INC | d45361dex24.htm |
| EX-23 - EX-23 - PACCAR INC | d45361dex23.htm |
| EX-21 - EX-21 - PACCAR INC | d45361dex21.htm |
| EX-31.(A) - EX-31.(A) - PACCAR INC | d45361dex31a.htm |
| EX-31.(B) - EX-31.(B) - PACCAR INC | d45361dex31b.htm |
Exhibit 12(a)
PACCAR Inc
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO SEC REPORTING REQUIREMENTS
(Millions of Dollars)
| Year Ended December 31, | ||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
| FIXED CHARGES |
||||||||||||||||||||
| Interest expense |
$ | 108.0 | $ | 128.2 | $ | 159.5 | $ | 163.6 | $ | 184.3 | ||||||||||
| Portion of rentals deemed interest |
5.4 | 5.3 | 6.6 | 3.7 | 4.7 | |||||||||||||||
| TOTAL FIXED CHARGES |
$ | 113.4 | $ | 133.5 | $ | 166.1 | $ | 167.3 | $ | 189.0 | ||||||||||
| EARNINGS |
||||||||||||||||||||
| Income before taxes |
$ | 2,337.1 | $ | 2,017.6 | $ | 1,695.0 | $ | 1,628.9 | $ | 1,506.9 | ||||||||||
| Fixed charges |
118.4 | 137.2 | 160.1 | 160.2 | 180.7 | |||||||||||||||
| EARNINGS AS DEFINED |
$ | 2,455.5 | $ | 2,154.8 | $ | 1,855.1 | $ | 1,789.1 | $ | 1,687.6 | ||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES |
21.65x | 16.14x | 11.17x | 10.69x | 8.93x | |||||||||||||||