Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

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.