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, |
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|
2001 |
2002 |
2003 |
2004 |
2005 |
2005 |
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| Earnings: |
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| 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: |
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| 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. |