Published on August 8, 2007
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,
|
|||||||||||||||||
|
|
2002
|
|
2003
|
|
2004
|
|
2005
|
|
2006
|
|
2007
|
|
|||||||
| Earnings: | |||||||||||||||||||
|
Earnings
before income taxes (a)
|
$
|
1,622
|
1,452
|
1,893
|
2,200
|
2,749
|
2,252
|
||||||||||||
|
Fixed
charges
|
321
|
322
|
311
|
323
|
313
|
265
|
|||||||||||||
|
Earnings,
as defined
|
$
|
1,943
|
1,774
|
2,204
|
2,523
|
3,062
|
2,517
|
||||||||||||
|
|
|||||||||||||||||||
| Fixed Charges: | |||||||||||||||||||
|
Interest
expense
|
$
|
250
|
246
|
234
|
243
|
225
|
199
|
||||||||||||
|
One-third
of all rents
|
71
|
76
|
77
|
80
|
88
|
66
|
|||||||||||||
|
Total
fixed charges
|
$
|
321
|
322
|
311
|
323
|
313
|
265
|
||||||||||||
|
|
|||||||||||||||||||
|
Ratio
of Earnings to Fixed Charges
|
6.1
|
x |
5.5
|
x |
7.1
|
x |
7.8
|
x |
9.8
|
x |
9.5
|
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.
|