Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES

COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

	Year Ended September 30,
	2012				2013			2014			2015			2016
Earnings:
Earnings from continuing operations before income taxes	$	2,377			2,491			3,191			3,807			2,316
Fixed charges	373				373			355			331			337
Earnings, as defined	$	2,750			2,864			3,546			4,138			2,653
Fixed Charges:
Interest expense	$	241			234			218			200			215
One-third of all rents	132				139			137			131			122
Total fixed charges	$	373			373			355			331			337
Ratio of Earnings to Fixed Charges	7.4X				7.7X			10.0X			12.5X			7.9X