EX-12 4 exhibit12fy17.htm EXHIBIT 12 Exhibit


Exhibit 12

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


 
Year Ended September 30,
 
2013

 
2014

 
2015

 
2016

 
2017

Earnings:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
$
2,491

 
3,191

 
3,807

 
2,316

 
2,335

Fixed charges
373

 
355

 
331

 
337

 
304

Earnings, as defined
$
2,864

 
3,546

 
4,138

 
2,653

 
2,639

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
234

 
218

 
200

 
215

 
201

One-third of all rents
139

 
137

 
131

 
122

 
103

Total fixed charges
$
373

 
355

 
331

 
337

 
304

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
7.7X

 
10.0X

 
12.5X

 
7.9X

 
8.7X