Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES

COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

																			Six Months Ended March 31, 2017
	Years 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				$	1,029
Fixed charges		373				373			355			331			337				154
Earnings, as defined		$	2,750			2,864			3,546			4,138			2,653				$	1,183
Fixed Charges:
Interest Expense		$	241			234			218			200			215				$	102
One-third of all rents		132				139			137			131			122				52
Total fixed charges		$	373			373			355			331			337				$	154
Ratio of Earnings to Fixed Charges		7.4X				7.7X			10.0X			12.5X			7.9X				7.7X