RATIO OF EARNINGS TO FIXED CHARGES
Published on February 7, 2006
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. |