Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
SIX MONTHS | ||||||||||||||||||||||||
ENDED | ||||||||||||||||||||||||
YEAR ENDED SEPTEMBER 30, | MARCH 31, | |||||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | 2005 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings before income taxes (a) | $ | 2,192 | 1,650 | 1,622 | 1,452 | 1,893 | 957 | |||||||||||||||||
Fixed charges | 359 | 376 | 321 | 322 | 311 | 162 | ||||||||||||||||||
Earnings, as defined | $ | 2,551 | 2,026 | 1,943 | 1,774 | 2,204 | 1,119 | |||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 292 | 304 | 250 | 246 | 234 | 123 | |||||||||||||||||
One-third of all rents | 67 | 72 | 71 | 76 | 77 | 39 | ||||||||||||||||||
Total fixed charges | $ | 359 | 376 | 321 | 322 | 311 | 162 | |||||||||||||||||
Ratio of Earnings to Fixed Charges | 7.1 | x | 5.4 | x | 6.1 | x | 5.5 | x | 7.1 | x | 6.9 | x | ||||||||||||
(a) | Represents earnings from continuing operations before income taxes and cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges. |