Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

May 12, 2003

Documents

<PAGE>                                                             Exhibit 12

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

 

 

 

 

          YEAR ENDED SEPTEMBER 30,         

SIX MONTHS
ENDED
MARCH 31,

 

  

  1998 

 

 1999 

 

 2000 

 

 2001 

 

  2002  

   2003  


Earnings:
 Income before income taxes (a)
 Fixed charges



$ 2,002 
    218 



2,064 
   258 



2,213 
   359 



1,625 
   377 



1,597 
   322 



686   
   159   


    Earnings, as defined

 


$ 2,220

 


 2,322

 


 2,572

 


 2,002

 


 1,919

 


   845

   

 

 

 

 

 

 

 

 

Fixed Charges:
 Interest expense
 One-third of all rents
  


$   161 
     57 


199 
    59 


292 
    67 


304 
    73 


250 
    72 


123   
    36   

    Total fixed charges

 

$   218

 

   258

 

   359

 

   377

 

   322

 

   159

   

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

   10.2

x

   9.0

x

   7.2

x

   5.3

x

   6.0

x

   5.3

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.