EX-12 2 dex12.htm COMPUTATIONS OF RATIOS Computations of Ratios

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
     2010    2009
      

.

      

FIXED CHARGES

      

Interest expense

    $ 108.4    $ 163.4

Portion of rentals deemed interest

      7.2      8.9
      

TOTAL FIXED CHARGES

      115.6    $ 172.3
      

EARNINGS

      

Income before taxes

    $ 244.6    $ 64.5

Fixed charges

      115.6      172.3
      

EARNINGS AS DEFINED

    $ 360.2    $ 236.8
      

RATIO OF EARNINGS TO FIXED CHARGES

      3.12X      1.37X