EX-12 2 v064267_ex12.htm
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,
  
    
  
 2002  
 
 2003  
 
 2004  
 
 2005 
 
 2006 
 
2006    
  
 
Earnings:
                                      
 Earnings before income taxes (a)
  
$
1,622
    
1,452
   
1,893
   
2,200
   
2,749
   
654
 
 Fixed charges
    
321
    
322
    
311
    
323
    
313
    
87
  
                                       
    Earnings, as defined
  
$
1,943
    
1,774
    
2,204
    
2,523
    
3,062
    
741
  
 
                            
Fixed Charges:
                                      
 Interest expense
  
$
250
    
246
    
234
    
243
   
225
   
65
  
 One-third of all rents
    
71
    
76
    
77
    
80
    
88
    
22
  
                                       
    Total fixed charges
  
$
321
    
322
    
311
    
323
    
313
    
87
  
 
                          
Ratio of Earnings to Fixed Charges
    
6.1x
   
5.5x
   
7.1x
   
7.8x
   
9.8x
   
8.5x
 
 
 
(a)
Represents earnings from continuing operations before income taxes, cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges.