EXHIBIT 12
Published on November 22, 2011
Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Year Ended September 30,
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2007
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2008
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2009
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2010
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2011
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Earnings:
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Earnings from continuing operations before income taxes
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$ | 3,107 | 3,645 | 2,450 | 2,879 | 3,631 | ||||||||||||||
Fixed charges
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356 | 351 | 362 | 398 | 370 | |||||||||||||||
Earnings, as defined
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$ | 3,463 | 3,996 | 2,812 | 3,277 | 4,001 | ||||||||||||||
Fixed Charges:
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Interest expense
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$ | 261 | 244 | 244 | 280 | 246 | ||||||||||||||
One-third of all rents
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95 | 107 | 118 | 118 | 124 | |||||||||||||||
Total fixed charges
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$ | 356 | 351 | 362 | 398 | 370 | ||||||||||||||
Ratio of Earnings to Fixed Charges
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9.7X | 11.4X | 7.8X | 8.2X | 10.8X |