Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES

COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

	Year Ended September 30,
	2013				2014			2015			2016			2017
Earnings:
Earnings from continuing operations before income taxes	$	2,491			3,191			3,807			2,316			2,335
Fixed charges	373				355			331			337			304
Earnings, as defined	$	2,864			3,546			4,138			2,653			2,639
Fixed Charges:
Interest expense	$	234			218			200			215			201
One-third of all rents	139				137			131			122			103
Total fixed charges	$	373			355			331			337			304
Ratio of Earnings to Fixed Charges	7.7X				10.0X			12.5X			7.9X			8.7X