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,  
     2002     2003     2004     2005     2006  

Earnings:

           

Earnings before income taxes (a)

    $ 1,622     1,452     1,893     2,200     2,749  

Fixed charges

      321     322     311     323     313  
                                

Earnings, as defined

    $ 1,943     1,774     2,204     2,523     3,062  
                                

Fixed Charges:

           

Interest expense

    $ 250     246     234     243     225  

One-third of all rents

      71     76     77     80     88  
                                

Total fixed charges

    $ 321     322     311     323     313  
                                

Ratio of Earnings to Fixed Charges

      6.1 x   5.5 x   7.1 x   7.8 x   9.8 x
                                

 

(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.