EX-12 3 q1fy16exhibit12.htm EXHIBIT 12 Exhibit


Exhibit 12

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

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
Dec 31, 2015
 
Years ended September 30
 
 
 
 
2011

 
2012

 
2013

 
2014

 
2015

 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
 
$
3,631

 
3,115

 
3,196

 
3,348

 
4,161

 
 
503

Fixed charges
 
370

 
373

 
373

 
355

 
331

 
 
86

Earnings, as defined
 
$
4,001

 
3,488

 
3,569

 
3,703

 
4,492

 
 
589

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
246

 
241

 
234

 
218

 
200

 
 
54

One-third of all rents
 
124

 
132

 
139

 
137

 
131

 
 
32

Total fixed charges
 
$
370

 
373

 
373

 
355

 
331

 
 
86

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 10.8X

 
 9.4X

 
9.6X

 
10.4X

 
13.6X

 
 
6.8X