EX-12 5 exhibit12fy15.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,
 
2011

 
2012

 
2013

 
2014

 
2015

Earnings:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
$
3,631

 
3,115

 
3,196

 
3,348

 
4,161

Fixed charges
370

 
373

 
373

 
355

 
331

Earnings, as defined
$
4,001

 
3,488

 
3,569

 
3,703

 
4,492

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
246

 
241

 
234

 
218

 
200

One-third of all rents
124

 
132

 
139

 
137

 
131

Total fixed charges
$
370

 
373

 
373

 
355

 
331

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
10.8X

 
9.4X

 
9.6X

 
10.4X

 
13.6X