Emerson Electric (EMR) 10-Q 2005 Q3 Quarterly report

Exhibit 12

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

	YEAR ENDED SEPTEMBER 30,											NINE MONTHS ENDED JUNE 30,
	2000			2001		2002		2003		2004		2005
Earnings:
Earnings before income taxes (a)	$	2,192		1,650		1,622		1,452		1,893		1,571
Fixed charges	359			376		321		322		311		243
Earnings, as defined	$	2,551		2,026		1,943		1,774		2,204		1,814
Fixed Charges:
Interest expense	$	292		304		250		246		234		185
One-third of all rents	67			72		71		76		77		58
Total fixed charges	$	359		376		321		322		311		243
Ratio of Earnings to Fixed Charges	7.1		x	5.4	x	6.1	x	5.5	x	7.1	x	7.5	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.