Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
YEAR ENDED SEPTEMBER 30, | SIX MONTHS ENDED MARCH 31, | |||||||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings before income taxes (a) | $ | 1,893 | 2,200 | 2,749 | 3,178 | 3,666 | 1,239 | |||||||||||||||||
Fixed charges | 311 | 323 | 313 | 361 | 356 | 165 | ||||||||||||||||||
Earnings, as defined | $ | 2,204 | 2,523 | 3,062 | 3,539 | 4,022 | 1,404 | |||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 234 | 243 | 225 | 261 | 244 | 109 | |||||||||||||||||
One-third of all rents | 77 | 80 | 88 | 100 | 112 | 56 | ||||||||||||||||||
Total fixed charges | $ | 311 | 323 | 313 | 361 | 356 | 165 | |||||||||||||||||
Ratio of Earnings to Fixed Charges | 7.1 | X | 7.8 | X | 9.8 | X | 9.8 | X | 11.3 | X | 8.5 | X |
(a) | Represents earnings from continuing operations before income taxes and minority interests in the income of consolidated subsidiaries with fixed charges. |