Exhibit 12
EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
| Year Ended September 30, | Nine Months | |||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | June 30, 2009 | |||||||||||||||||||
| Earnings: | ||||||||||||||||||||||||
| Earnings before income taxes (a) | $ | 1,893 | 2,200 | 2,749 | 3,178 | 3,666 | 1,792 | |||||||||||||||||
| Fixed charges | 311 | 323 | 313 | 361 | 356 | 260 | ||||||||||||||||||
| Earnings, as defined | $ | 2,204 | 2,523 | 3,062 | 3,539 | 4,022 | 2,052 | |||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Interest expense | $ | 234 | 243 | 225 | 261 | 244 | 176 | |||||||||||||||||
| One-third of all rents | 77 | 80 | 88 | 100 | 112 | 84 | ||||||||||||||||||
| Total fixed charges | $ | 311 | 323 | 313 | 361 | 356 | 260 | |||||||||||||||||
| Ratio of Earnings to Fixed Charges | 7.1 | X | 7.8 | X | 9.8 | X | 9.8 | X | 11.3 | X | 7.9 | X | ||||||||||||
| (a) | Represents pretax earnings from continuing operations and minority interests in the pretax income of consolidated subsidiaries having fixed charges. |