EX-12 3 q1fy17exhibit12.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
December 31, 2016
 
Years ended September 30
 
 
 
 
2012

 
2013

 
2014

 
2015

 
2016

 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
 
$
2,377

 
2,491

 
3,191

 
3,807

 
2,316

 
 
464

Fixed charges
 
373

 
373

 
355

 
331

 
337

 
 
83

Earnings, as defined
 
$
2,750

 
2,864

 
3,546

 
4,138

 
2,653

 
 
547

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
241

 
234

 
218

 
200

 
215

 
 
53

One-third of all rents
 
132

 
139

 
137

 
131

 
122

 
 
30

Total fixed charges
 
$
373

 
373

 
355

 
331

 
337

 
 
83

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 7.4X

 
 7.7X

 
10.0X

 
12.5X

 
7.9X

 
 
6.6X