Published on February 7, 2005
Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
|
YEAR ENDED SEPTEMBER 30, |
THREE MONTHS ENDED DECEMBER 31, |
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|
2000 |
2001 |
2002 |
2003 |
2004 |
2004 |
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| Earnings: |
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| Earnings before income taxes (a) |
$ | 2,192 | 1,650 | 1,622 | 1,452 | 1,893 | 444 | ||||||||||||||||||
| Fixed charges |
359 | 376 | 321 | 322 | 311 | 82 | |||||||||||||||||||
| Earnings, as defined |
$ | 2,551 | 2,026 | 1,943 | 1,774 | 2,204 | 526 | ||||||||||||||||||
| Fixed Charges: |
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| Interest expense |
$ | 292 | 304 | 250 | 246 | 234 | 62 | ||||||||||||||||||
| One-third of all rents |
67 | 72 | 71 | 76 | 77 | 20 | |||||||||||||||||||
| Total fixed charges |
$ | 359 | 376 | 321 | 322 | 311 | 82 | ||||||||||||||||||
| Ratio of Earnings to Fixed Charges |
7.1 | x | 5.4 | x | 6.1 | x | 5.5 | x | 7.1 | x | 6.4 | x | |||||||||||||
| (a) | Represents earnings from continuing operations before income taxes and cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges. |