Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
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| YEAR ENDED SEPTEMBER 30, |
| NINE MONTHS |
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| 2000 |
| 2001 |
| 2002 |
| 2003 |
| 2004 |
| 2005 |
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Earnings: |
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Earnings before income |
| $ | 2,192 |
| 1,650 |
| 1,622 |
| 1,452 |
| 1,893 |
| 1,571 |
|
Fixed charges |
| 359 |
| 376 |
| 321 |
| 322 |
| 311 |
| 243 |
| |
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Earnings, as defined |
| $ | 2,551 |
| 2,026 |
| 1,943 |
| 1,774 |
| 2,204 |
| 1,814 |
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Fixed Charges: |
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Interest expense |
| $ | 292 |
| 304 |
| 250 |
| 246 |
| 234 |
| 185 |
|
One-third of all rents |
| 67 |
| 72 |
| 71 |
| 76 |
| 77 |
| 58 |
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Total fixed charges |
| $ | 359 |
| 376 |
| 321 |
| 322 |
| 311 |
| 243 |
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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.