EX-12 2 exhibit12fy14.htm EXHIBIT 12 Exhibit 12 FY14


Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)


 
Year Ended September 30,
 
2010

 
2011

 
2012

 
2013

 
2014

Earnings:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
$
2,879

 
3,631

 
3,115

 
3,196

 
3,348

Fixed charges
398

 
370

 
373

 
373

 
355

Earnings, as defined
$
3,277

 
4,001

 
3,488

 
3,569

 
3,703

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
280

 
246

 
241

 
234

 
218

One-third of all rents
118

 
124

 
132

 
139

 
137

Total fixed charges
$
398

 
370

 
373

 
373

 
355

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
8.2X

 
10.8X

 
9.4X

 
9.6X

 
10.4X