EX-12 2 q2fy14exhibit12.htm EXHIBIT 12 Q2 FY14 Exhibit 12


Exhibit 12

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

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
Mar 31, 2014
 
Years ended September 30
 
 
 
 
2009

 
2010

 
2011

 
2012

 
2013

 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
 
$
2,450

 
2,879

 
3,631

 
3,115

 
3,196

 
 
1,460

Fixed charges
 
362

 
398

 
370

 
373

 
373

 
 
181

Earnings, as defined
 
$
2,812

 
3,277

 
4,001

 
3,488

 
3,569

 
 
1,641

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
244

 
280

 
246

 
241

 
234

 
 
112

One-third of all rents
 
118

 
118

 
124

 
132

 
139

 
 
69

Total fixed charges
 
$
362

 
398

 
370

 
373

 
373

 
 
181

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 7.8X

 
 8.2X

 
 10.8X

 
 9.4X

 
9.6X

 
 
9.1X