Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

EBP 002

EBP, Investment, Fair Value and NAV [Line Items]

Schedule of Plan's Assets Subject to Recurring Fair Value Measurements

The Plan’s assets subject to recurring fair value measurements at December 31, 2024 are as follows:

	Fair Value
	Hierarchy		Measured at
	Level 1		NAV		Total
Financial instruments, at fair value:
U.S. money market fund	$	563,134			$	563,134
Commingled trust funds:
U.S.			$	806,333,673		806,333,673
International				32,997,272		32,997,272
U.S. mutual funds:
Equity		62,723,278				62,723,278
Fixed income		30,068,706				30,068,706
Asset allocation		528,892,484				528,892,484
PACCAR Inc common stock		1,331,364,750				1,331,364,750
	$	1,953,612,352	$	839,330,945	$	2,792,943,297

4. Fair Value of Financial Instruments (continued)

The Plan’s assets subject to recurring fair value measurements at December 31, 2023 are as follows:

	Fair Value
	Hierarchy		Measured at
	Level 1		NAV		Total
Financial instruments, at fair value:
U.S. money market fund	$	281,479			$	281,479
Commingled trust funds:
U.S.			$	688,802,430		688,802,430
International				29,851,313		29,851,313
U.S. mutual funds:
Equity		57,773,487				57,773,487
Fixed income		30,087,543				30,087,543
Asset allocation		478,111,061				478,111,061
PACCAR Inc common stock		1,279,431,089				1,279,431,089
	$	1,845,684,659	$	718,653,743	$	2,564,338,402