Published on May 3, 2007
Exhibit
12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in Millions)
|
|
YEAR
ENDED SEPTEMBER 30,
|
SIX
MONTHS
ENDED
MARCH
31,
|
|||||||||||||||||
|
|
2002
|
2003
|
2004
|
2005
|
2006
|
2007
|
|||||||||||||
| Earnings: | |||||||||||||||||||
| Earnings before income taxes (a) |
$
|
1,622
|
1,452
|
1,893
|
2,200
|
2,749
|
1,408
|
||||||||||||
| Fixed charges |
321
|
322
|
311
|
323
|
313
|
174
|
|||||||||||||
|
Earnings,
as defined
|
$ | 1,943 | 1,774 | 2,204 | 2,523 | 3,062 | 1,582 | ||||||||||||
| Fixed Charges: | |||||||||||||||||||
| Interest expense | $ | 250 | 246 | 234 | 243 | 225 | 130 | ||||||||||||
| One-third of all rents | 71 | 76 | 77 | 80 | 88 | 44 | |||||||||||||
|
Total
fixed charges
|
$ | 321 | 322 | 311 | 323 | 313 | 174 | ||||||||||||
|
Ratio
of Earnings to Fixed Charges
|
6.1x
|
5.5x
|
7.1x
|
7.8x
|
9.8x
|
9.1x
|
|||||||||||||
|
(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.
|