Published on February 6, 2008
Exhibit
12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in Millions)
|
YEAR
ENDED SEPTEMBER
30,
|
THREE
MONTHS
ENDED
DECEMBER
31,
|
|||||||||||||||||
|
2003
|
2004
|
2005
|
2006
|
2007
|
2007
|
|||||||||||||
Earnings:
Earnings
before income taxes (a)
Fixed
charges
|
$
|
1,452
322
|
1,893
311
|
2,200
323
|
2,749
313
|
3,178
361
|
794
89
|
||||||||||||
Earnings,
as defined
|
$
|
1,774
|
2,204
|
2,523
|
3,062
|
3,539
|
883
|
||||||||||||
|
|||||||||||||||||||
Fixed
Charges:
Interest
expense
One-third
of all rents
|
$
|
246
76
|
234
77
|
243
80
|
225
88
|
261
100
|
64
25
|
||||||||||||
Total
fixed charges
|
$ |
322
|
311
|
323
|
313
|
361
|
89
|
||||||||||||
|
|||||||||||||||||||
Ratio
of Earnings to Fixed Charges
|
5.5x
|
7.1x
|
7.8x
|
9.8x
|
9.8x
|
9.9x
|
(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.
|