Published on May 4, 2006
Exhibit
12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in Millions)
|
SIX
MONTHS
|
|
||||||||||||||||||
|
|
|
|
|
ENDED
|
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||||||||||||||
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|
|
YEAR
ENDED SEPTEMBER 30,
|
|
MARCH
31,
|
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|
|
|
2001
|
|
2002
|
|
2003
|
|
2004
|
|
2005
|
|
2006
|
|||||||
|
Earnings:
|
|||||||||||||||||||
|
Earnings
before income taxes (a)
|
$
|
1,650
|
1,622
|
1,452
|
1,893
|
2,200
|
1,226
|
||||||||||||
|
Fixed
charges
|
376
|
321
|
322
|
311
|
323
|
149
|
|||||||||||||
|
Earnings,
as defined
|
$
|
2,026
|
1,943
|
1,774
|
2,204
|
2,523
|
1,375
|
||||||||||||
|
Fixed
Charges:
|
|||||||||||||||||||
|
Interest
expense
|
$
|
304
|
250
|
246
|
234
|
243
|
109
|
||||||||||||
|
One-third
of all rents
|
72
|
71
|
76
|
77
|
80
|
40
|
|||||||||||||
|
Total
fixed charges
|
$
|
376
|
321
|
322
|
311
|
323
|
149
|
||||||||||||
|
Ratio
of Earnings to Fixed Charges
|
5.4
|
x
|
6.1
|
x
|
5.5
|
x
|
7.1
|
x
|
7.8
|
x
|
9.2
|
x
|
|||||||
|
(a)
|
Represents
earnings from continuing operations before income taxes, cumulative
effect
of change in accounting principle and minority interests in the income
of
consolidated subsidiaries with fixed charges.
|