EX-12 3 ex12.htm RATIO OF EARNINGS TO FIXED CHARGES ex12

                                                                   EXHIBIT 12

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

 

_________________YEAR ENDED SEPTEMBER 30,________________

SIX MONTHS
ENDED
MARCH 31,

 

  1997  

  1998  

  1999  

  2000  

  2001  

  2002  

Earnings:
 Income before
  income taxes (a)
 Fixed charges



$1,821.7 
  176.5 



2,002.3 
  218.2 



2,064.0 
  258.1 



2,212.9 
  359.5 



1,624.3 
  377.3 



787.2 
  168.4 


Earnings, as defined


$1,998.2 


2,220.5 


2,322.1 


2,572.4 


2,001.6 


__955.6 

 

 

 

 

 

 

 

Fixed Charges:
 Interest expense
 One-third of
  all rents


$  124.2 

   52.3 


161.4 

   56.8 


199.0 

   59.1 


292.4 

   67.1 


304.3 

   73.0 


131.9 

   36.5 

Total fixed charges

$  176.5 

  218.2 

  258.1 

  359.5 

  377.3 

  168.4 

 

 

 

 

 

 

 

Ratio of Earnings
 to Fixed Charges


   11.3x


   10.2x


    9.0x


    7.2x


    5.3x


    5.7x

 

 

 

 

 

 

 

 

(a) Represents income before income taxes and minority interests in the income of consolidated subsidiaries with fixed charges.