EX-12
Published on August 5, 2005
Exhibit 12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
|
|
|
YEAR ENDED SEPTEMBER 30, |
|
NINE MONTHS |
|
|||||||||
|
|
|
2000 |
|
2001 |
|
2002 |
|
2003 |
|
2004 |
|
2005 |
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income |
|
$ |
2,192 |
|
1,650 |
|
1,622 |
|
1,452 |
|
1,893 |
|
1,571 |
|
|
Fixed charges |
|
359 |
|
376 |
|
321 |
|
322 |
|
311 |
|
243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings, as defined |
|
$ |
2,551 |
|
2,026 |
|
1,943 |
|
1,774 |
|
2,204 |
|
1,814 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
292 |
|
304 |
|
250 |
|
246 |
|
234 |
|
185 |
|
|
One-third of all rents |
|
67 |
|
72 |
|
71 |
|
76 |
|
77 |
|
58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges |
|
$ |
359 |
|
376 |
|
321 |
|
322 |
|
311 |
|
243 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges |
|
7.1 |
x |
5.4 |
x |
6.1 |
x |
5.5 |
x |
7.1 |
x |
7.5 |
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.