EX-12 2 a05-14000_1ex12.htm EX-12

Exhibit 12

 

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

 

 

 

YEAR ENDED SEPTEMBER 30,

 

NINE MONTHS
ENDED
JUNE 30,

 

 

 

2000

 

2001

 

2002

 

2003

 

2004

 

2005

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income
taxes (a)

 

$

2,192

 

1,650

 

1,622

 

1,452

 

1,893

 

1,571

 

Fixed charges

 

359

 

376

 

321

 

322

 

311

 

243

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings, as defined

 

$

2,551

 

2,026

 

1,943

 

1,774

 

2,204

 

1,814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

292

 

304

 

250

 

246

 

234

 

185

 

One-third of all rents

 

67

 

72

 

71

 

76

 

77

 

58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

359

 

376

 

321

 

322

 

311

 

243

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

7.1

x

5.4

x

6.1

x

5.5

x

7.1

x

7.5

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.