Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

August 13, 2001

                                                                  EXHIBIT 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

 

  Nine Months     
Ended       
June 30,     

 

  1996(b)

 

  1997(b)

 

  1998(b)

 

  1999(b)

 

  2000(b)

 

  2001  

 

Earnings:
 Income before
  income taxes (a)
 Fixed charges



$1,611.3 
   182.2 



1,821.7 
  176.5 



2,002.3 
  218.2 



2,064.0 
  258.1 



2,212.9 
  359.5 



1,621.0 
  285.3 


Earnings, as defined


$1,793.5

 


1,998.2

 


2,220.5

 


2,322.1

 


2,572.4

 


1,906.3

 

 

 

 

 

 

 

 

Fixed Charges:
 Interest expense
 One-third of
  all rents


$  132.3 

    49.9 


124.2 

   52.3 


161.4 

   56.8 


199.0 

   59.1 


292.4 

   67.1 


235.0 

   50.3 

Total fixed charges

$  182.2

 

  176.5

 

  218.2

 

  258.1

 

  359.5

 

  285.3

 

 

 

 

 

 

 

 

Ratio of Earnings
 to Fixed Charges


     9.8

x


   11.3

x


   10.2

x


    9.0

x


    7.2

x


    6.7

x

 

 

 

 

 

 

 

 

(a) Represents income before income taxes and minority interests in the income of consolidated subsidiaries with fixed charges.

(b) Represents year ended September 30.