EX-12 2 v101641_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,
  
 
  
 2003  
  
 2004  
  
 2005 
  
 2006 
  
 2007 
  
2007
  
Earnings:
 Earnings before income taxes (a)
 Fixed charges
  
$
1,452
322
    
1,893
311
    
2,200
323
    
2,749
313
    
3,178
361
    
794
89
 
 
    Earnings, as defined
  
$
1,774
    
2,204
    
2,523
    
3,062
    
3,539
    
883
  
 
                            
Fixed Charges:
 Interest expense
 One-third of all rents
  
$
246
76
    
234
77
    
243
80
    
225
88
    
261
100
    
64
25
  
                                       
    Total fixed charges
   $
322
    
311
    
323
    
313
    
361
    
89
  
 
                          
Ratio of Earnings to Fixed Charges
    
5.5x
   
7.1x
   
7.8x
   
9.8x
   
9.8x
   
9.9x
  
 
 
(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.