Emerson Electric (EMR) 10-Q 2006 Q2 Quarterly report

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,
	2001			2002			2003			2004			2005			2006
Earnings:
Earnings before income taxes (a)	$	1,650			1,622			1,452			1,893			2,200			1,226
Fixed charges		376			321			322			311			323			149
Earnings, as defined	$	2,026			1,943			1,774			2,204			2,523			1,375
Fixed Charges:
Interest expense	$	304			250			246			234			243			109
One-third of all rents		72			71			76			77			80			40
Total fixed charges	$	376			321			322			311			323			149
Ratio of Earnings to Fixed Charges		5.4	x		6.1	x		5.5	x		7.1	x		7.8	x		9.2	x

(a) Represents earnings from continuing operations before income taxes, cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges.