Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name PACCAR INC
CIK 0000075362
Accession number 0001193125-14-073103
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/75362/000119312514073103/pcar-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of temporary differences representing deferred tax assets and liabilities are as follows:

 

                               

At December 31,

    2013     2012  

Assets:

     

Accrued expenses

    $ 188.4      $ 179.9   

Postretirement benefit plans

        64.4   

Net operating loss carryforwards

      78.2        64.2   

Allowance for losses on receivables

      47.0        50.4   

Other

      88.4        83.3   
  

 

 

    

 

 

  
     402.0        442.2   

Valuation allowance

      (43.9 )      (21.2 ) 
  

 

 

    

 

 

  
     358.1        421.0   

Liabilities:

     

Financial Services leasing depreciation

      (851.8 )      (775.8 ) 

Depreciation and amortization

      (296.1 )      (241.4 ) 

Postretirement benefit plans

      (51.3 )   

Other

      (5.4 )      (14.1 ) 
  

 

 

    

 

 

  
     (1,204.6 )      (1,031.3 ) 
  

 

 

    

 

 

  

Net deferred tax liability

    $ (846.5 )    $ (610.3 ) 
  

 

 

    

 

 

  

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 402,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -43,900,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 358,100,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,204,600,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -846,500,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -846,500,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 358,100,000
Deferred tax liabilities, net -1,204,600,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -846,500,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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