EX-12 2 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12

 

EMERSON ELECTRIC CO. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

 

     YEAR ENDED SEPTEMBER 30,
  
     2001
     2002
     2003
     2004
     2005
  

Earnings:

                                 

Earnings before income taxes (a)

    $ 1,650     1,622     1,452     1,893     2,200  

Fixed charges

      376     321     322     311     323  
    
 
 
 
 

Earnings, as defined

    $ 2,026     1,943     1,774     2,204     2,523  
    
 
 
 
 

Fixed Charges:

                                 

Interest expense

    $ 304     250     246     234     243  

One-third of all rents

      72     71     76     77     80  
    
 
 
 
 

Total fixed charges

    $ 376     321     322     311     323  
    
 
 
 
 

Ratio of Earnings to Fixed Charges

      5.4 x   6.1 x   5.5 x   7.1 x   7.8 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.