EX-12 2 v132847_ex12.htm
Exhibit 12
 
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)

     
YEAR ENDED SEPTEMBER 30,
  
   
2004
 
2005
  
2006
  
2007
  
2008
  
                       
Earnings:
                                
Earnings before income taxes (a)
  
$
1,893
    
2,200
    
2,749
    
3,178
    
3,666
  
Fixed charges
    
311
    
323
    
313
    
361
    
356
  
                                 
Earnings, as defined
  
$
2,204
    
2,523
    
3,062
    
3,539
    
4,022
  
                                 
Fixed Charges:
                                
Interest expense
  
$
234
    
243
    
225
    
261
    
244
  
One-third of all rents
    
77
    
80
    
88
    
100
    
112
  
                                 
Total fixed charges
  
$
311
    
323
    
313
    
361
    
356
  
                                 
Ratio of Earnings to Fixed Charges
    
7.1x
    
7.8x
    
9.8x
    
9.8x
    
11.3x
  
 
(a)
Represents earnings from continuing operations before income taxes and minority interests in the income of consolidated subsidiaries with fixed charges.