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, | ||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||
Earnings: | |||||||||||||||||||
Earnings before income taxes (a) | $ | 1,650 | 1,622 | 1,452 | 1,893 | 2,200 | 1,957 | ||||||||||||
Fixed charges | 376 | 321 | 322 | 311 | 323 | 225 | |||||||||||||
Earnings, as defined | $ | 2,026 | 1,943 | 1,774 | 2,204 | 2,523 | 2,182 | ||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 304 | 250 | 246 | 234 | 243 | 165 | ||||||||||||
One-third of all rents | 72 | 71 | 76 | 77 | 80 | 60 | |||||||||||||
Total fixed charges | $ | 376 | 321 | 322 | 311 | 323 | 225 | ||||||||||||
Ratio of Earnings to Fixed Charges | 5.4 | x | 6.1 | x | 5.5 | x | 7.1 | x | 7.8 | x | 9.7 | 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. |