Emerson Electric (EMR) 10-Q 2009 Q3 Quarterly report

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.