EXHIBIT 12
Published on August 5, 2015
Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Nine Months Ended
June 30, 2015
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Years ended September 30 |
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2010 |
2011 |
2012 |
2013 |
2014 |
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Earnings: |
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Earnings from continuing operations before income taxes |
$ |
2,879 |
3,631 |
3,115 |
3,196 |
3,348 |
3,165 |
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Fixed charges |
398 |
370 |
373 |
373 |
355 |
253 |
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Earnings, as defined |
$ |
3,277 |
4,001 |
3,488 |
3,569 |
3,703 |
3,418 |
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Fixed Charges: |
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Interest Expense |
$ |
280 |
246 |
241 |
234 |
218 |
151 |
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One-third of all rents |
118 |
124 |
132 |
139 |
137 |
102 |
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Total fixed charges |
$ |
398 |
370 |
373 |
373 |
355 |
253 |
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Ratio of Earnings to Fixed Charges |
8.2X |
10.8X |
9.4X |
9.6X |
10.4X |
13.5X |