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,


 
     2001

    2002

    2003

    2004

    2005

    2005

 

Earnings:

                                      

Earnings before income taxes (a)

   $ 1,650     1,622     1,452     1,893     2,200      585  

Fixed charges

     376     321     322     311     323        75  
    


 

 

 

 

 

Earnings, as defined

   $ 2,026     1,943     1,774     2,204     2,523      660  
    


 

 

 

 

 

Fixed Charges:

                                      

Interest expense

   $ 304     250     246     234     243        55  

One-third of all rents

     72     71     76     77     80        20  
    


 

 

 

 

 

Total fixed charges

   $ 376     321     322     311     323        75  
    


 

 

 

 

 

Ratio of Earnings to Fixed Charges

     5.4 x   6.1 x   5.5 x   7.1 x   7.8 x     8.8 x
    


 

 

 

 

 

 

  (a) Represents earnings from continuing operations before income taxes and cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges.