Published on May 5, 2009
Exhibit
12
EMERSON
ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION
OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in Millions)
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YEAR ENDED SEPTEMBER 30,
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SIX MONTHS
ENDED
MARCH 31,
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2004
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2005
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2006
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2007
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2008
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2009
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Earnings:
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Earnings
before income taxes (a)
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$ | 1,893 | 2,200 | 2,749 | 3,178 | 3,666 | 1,239 | |||||||||||||||||
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Fixed
charges
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311 | 323 | 313 | 361 | 356 | 165 | ||||||||||||||||||
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Earnings,
as defined
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$ | 2,204 | 2,523 | 3,062 | 3,539 | 4,022 | 1,404 | |||||||||||||||||
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Fixed
Charges:
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Interest
expense
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$ | 234 | 243 | 225 | 261 | 244 | 109 | |||||||||||||||||
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One-third
of all rents
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77 | 80 | 88 | 100 | 112 | 56 | ||||||||||||||||||
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Total
fixed charges
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$ | 311 | 323 | 313 | 361 | 356 | 165 | |||||||||||||||||
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Ratio
of Earnings to Fixed Charges
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7.1 | X | 7.8 | X | 9.8 | X | 9.8 | X | 11.3 | X | 8.5 | X | ||||||||||||
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(a)
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Represents earnings from
continuing operations before income taxes and minority interests in the
income of consolidated subsidiaries with fixed
charges.
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