Published on February 4, 2009
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,
|
|||||||||||||||||||||||
|
2004
|
2005
|
2006
|
2007
|
2008
|
2008
|
|||||||||||||||||||
|
Earnings:
|
||||||||||||||||||||||||
|
Earnings
before income taxes (a)
|
$ | 1,893 | 2,200 | 2,749 | 3,178 | 3,666 | 681 | |||||||||||||||||
|
Fixed
charges
|
311 | 323 | 313 | 361 | 356 | 82 | ||||||||||||||||||
|
Earnings,
as defined
|
$ | 2,204 | 2,523 | 3,062 | 3,539 | 4,022 | 763 | |||||||||||||||||
|
Fixed
Charges:
|
||||||||||||||||||||||||
|
Interest
expense
|
$ | 234 | 243 | 225 | 261 | 244 | 54 | |||||||||||||||||
|
One-third
of all rents
|
77 | 80 | 88 | 100 | 112 | 28 | ||||||||||||||||||
|
Total
fixed charges
|
$ | 311 | 323 | 313 | 361 | 356 | 82 | |||||||||||||||||
|
Ratio
of Earnings to Fixed Charges
|
7.1 | X | 7.8 | X | 9.8 | X | 9.8 | X | 11.3 | X | 9.3 | X | ||||||||||||
|
|
(a)
|
Represents
earnings from continuing operations before income taxes and minority
interests in the income of consolidated subsidiaries with fixed
charges.
|