Emerson Electric (EMR) 10-Q 2007 Q2 Quarterly report

Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

	YEAR ENDED SEPTEMBER 30,										SIX MONTHS ENDED MARCH 31,
	2002		2003		2004		2005		2006		2007
Earnings:
Earnings before income taxes (a)	$	1,622		1,452		1,893		2,200		2,749		1,408
Fixed charges		321		322		311		323		313		174
Earnings, as defined	$	1,943		1,774		2,204		2,523		3,062		1,582
Fixed Charges:
Interest expense	$	250		246		234		243		225		130
One-third of all rents		71		76		77		80		88		44
Total fixed charges	$	321		322		311		323		313		174
Ratio of Earnings to Fixed Charges		6.1x		5.5x		7.1x		7.8x		9.8x		9.1x

(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.