Published on November 25, 2008
Exhibit
12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in Millions)
|
YEAR
ENDED SEPTEMBER 30,
|
||||||||||||||||
|
2004
|
|
2005
|
2006
|
2007
|
2008
|
|||||||||||
|
Earnings:
|
||||||||||||||||
|
Earnings
before income taxes (a)
|
$
|
1,893
|
2,200
|
2,749
|
3,178
|
3,666
|
||||||||||
|
Fixed
charges
|
311
|
323
|
313
|
361
|
356
|
|||||||||||
|
Earnings,
as defined
|
$
|
2,204
|
2,523
|
3,062
|
3,539
|
4,022
|
||||||||||
|
Fixed
Charges:
|
||||||||||||||||
|
Interest
expense
|
$
|
234
|
243
|
225
|
261
|
244
|
||||||||||
|
One-third
of all rents
|
77
|
80
|
88
|
100
|
112
|
|||||||||||
|
Total
fixed charges
|
$
|
311
|
323
|
313
|
361
|
356
|
||||||||||
|
Ratio
of Earnings to Fixed Charges
|
7.1x
|
7.8x
|
9.8x
|
9.8x
|
11.3x
|
|||||||||||
| (a) |
Represents
earnings from continuing operations before income taxes and minority
interests in the income of consolidated subsidiaries with fixed
charges.
|