Published on August 2, 2006
Exhibit
12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in Millions)
|
|
YEAR
ENDED SEPTEMBER 30,
|
NINE
MONTHS
ENDED
JUNE
30,
|
|||||||||||||||||
|
|
2001
|
|
2002
|
|
2003
|
|
2004
|
|
2005
|
|
2006
|
||||||||
|
Earnings:
|
|||||||||||||||||||
|
Earnings
before income taxes (a)
|
$
|
1,650
|
1,622
|
1,452
|
1,893
|
2,200
|
1,957
|
||||||||||||
|
Fixed
charges
|
376
|
321
|
322
|
311
|
323
|
225
|
|||||||||||||
|
Earnings,
as defined
|
$
|
2,026
|
1,943
|
1,774
|
2,204
|
2,523
|
2,182
|
||||||||||||
|
Fixed
Charges:
|
|||||||||||||||||||
|
Interest
expense
|
$
|
304
|
250
|
246
|
234
|
243
|
165
|
||||||||||||
|
One-third
of all rents
|
72
|
71
|
76
|
77
|
80
|
60
|
|||||||||||||
|
Total
fixed charges
|
$
|
376
|
321
|
322
|
311
|
323
|
225
|
||||||||||||
|
Ratio
of Earnings to Fixed Charges
|
5.4
|
x
|
6.1
|
x
|
5.5
|
x
|
7.1
|
x
|
7.8
|
x
|
9.7
|
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.
|