RATIO OF EARNINGS TO FIXED CHARGES
Published on November 21, 2006
Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
| YEAR ENDED SEPTEMBER 30, | ||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||
| Earnings: |
||||||||||||||||
| Earnings before income taxes (a) |
$ | 1,622 | 1,452 | 1,893 | 2,200 | 2,749 | ||||||||||
| Fixed charges |
321 | 322 | 311 | 323 | 313 | |||||||||||
| Earnings, as defined |
$ | 1,943 | 1,774 | 2,204 | 2,523 | 3,062 | ||||||||||
| Fixed Charges: |
||||||||||||||||
| Interest expense |
$ | 250 | 246 | 234 | 243 | 225 | ||||||||||
| One-third of all rents |
71 | 76 | 77 | 80 | 88 | |||||||||||
| Total fixed charges |
$ | 321 | 322 | 311 | 323 | 313 | ||||||||||
| Ratio of Earnings to Fixed Charges |
6.1 | x | 5.5 | x | 7.1 | x | 7.8 | x | 9.8 | x | ||||||
| (a) | Represents earnings from continuing operations before income taxes, cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges. |