EXHIBIT 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
THREE MONTHS
ENDED
YEAR ENDED SEPTEMBER 30, DECEMBER 31,
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1996 1997 1998 1999 2000 2000
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Earnings:
Income before income taxes $ 1,611.3 1,821.7 2,002.3 2,064.0 2,212.9 554.0
Fixed charges 182.2 176.5 218.2 258.1 359.5 100.4
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Earnings, as defined $ 1,793.5 1,998.2 2,220.5 2,322.1 2,572.4 654.4
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Fixed charges:
Interest expense $ 132.3 124.2 161.4 199.0 292.4 83.6
One-third of all rents 49.9 52.3 56.8 59.1 67.1 16.8
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Total fixed charges $ 182.2 176.5 218.2 258.1 359.5 100.4
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Ratio of Earnings to Fixed Charges 9.8x 11.3x 10.2x 9.0x 7.2x 6.5x
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Represents income before income taxes and minority interests in the income of
consolidated subsidiaries with fixed charges.