Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

August 7, 2002

Documents

 

                                                                   EXHIBIT 12

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

 

               YEAR ENDED SEPTEMBER 30,               


NINE MONTHS
ENDED
JUNE 30,

 

  1997 

 

  1998 

 

  1999 

 

  2000 

 

  2001 

 

  2002 

 

Earnings:
 Income before
  income taxes (a)
 Fixed charges



$1,821.7 
  176.5 



2,002.3 
  218.2 



2,064.0 
  258.1 



2,212.9 
  359.5 



1,624.3 
  377.3 



1,217.0 
  247.1 


Earnings, as defined


$1,998.2 


2,220.5

 


2,322.1

 


2,572.4

 


2,001.6

 


1,464.1

 

 

 

 

 

 

 

 

Fixed Charges:
 Interest expense
 One-third of
  all rents


$  124.2 

   52.3 


161.4 

   56.8 


199.0 

   59.1 


292.4 

   67.1 


304.3 

   73.0 


192.4 

   54.7 

Total fixed charges

$  176.5 

  218.2

 

  258.1

 

  359.5

 

  377.3

 

  247.1

 

 

 

 

 

 

 

 

Ratio of Earnings
 to Fixed Charges


   11.3

x


   10.2

x


    9.0

x


    7.2

x


    5.3

x


    5.9

x

 

 

 

 

 

 

 

 

(a) Represents income before income taxes and cumulative effect of change in     accounting principle and minority interests in the income of consolidated     subsidiaries with fixed charges.