EX-12 3 ex12-1q05.htm Ratio of Earnings to Fixed Charges

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,

  
     2000
     2001
     2002
     2003
     2004
     2004
  

Earnings:

                                                   

Earnings before income taxes (a)

    $ 2,192     1,650     1,622     1,452     1,893               444        

Fixed charges

      359     376     321     322     311             82        
    
 
 
 
 
       
     

Earnings, as defined

    $ 2,551     2,026     1,943     1,774     2,204           526        
    
 
 
 
 
       
     

Fixed Charges:

                                                   

Interest expense

    $ 292     304     250     246     234             62        

One-third of all rents

      67     72     71     76     77             20        
    
 
 
 
 
       
     

Total fixed charges

    $ 359     376     321     322     311              82        
    
 
 
 
 
       
     

Ratio of Earnings to Fixed Charges

      7.1 x   5.4 x   6.1 x   5.5 x   7.1 x         6.4 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.