Published on May 7, 2008
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,
|
|||||||||||||||||
|
|
2003
|
|
2004
|
|
2005
|
|
2006
|
|
2007
|
|
2008
|
||||||||
|
Earnings:
|
|||||||||||||||||||
|
Earnings
before income taxes (a)
|
$
|
1,452
|
1,893
|
2,200
|
2,749
|
3,178
|
1,682
|
||||||||||||
|
Fixed
charges
|
322
|
311
|
323
|
313
|
361
|
177
|
|||||||||||||
|
Earnings,
as defined
|
$
|
1,774
|
2,204
|
2,523
|
3,062
|
3,539
|
1,859
|
||||||||||||
|
|
|||||||||||||||||||
|
Fixed
Charges:
|
|||||||||||||||||||
|
Interest
expense
|
$
|
246
|
234
|
243
|
225
|
261
|
127
|
||||||||||||
|
One-third
of all rents
|
76
|
77
|
80
|
88
|
100
|
50
|
|||||||||||||
|
Total
fixed charges
|
$
|
322
|
311
|
323
|
313
|
361
|
177
|
||||||||||||
|
|
|||||||||||||||||||
|
Ratio
of Earnings to Fixed Charges
|
5.5x
|
7.1x
|
7.8x
|
9.8x
|
9.8x
|
10.5x
|
|||||||||||||
|
(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.
|