Emerson Electric (EMR) 10-K 2005 FY Annual report

Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

	YEAR ENDED SEPTEMBER 30,
	2001			2002		2003		2004		2005
Earnings:
Earnings before income taxes (a)	$	1,650		1,622		1,452		1,893		2,200
Fixed charges		376		321		322		311		323
Earnings, as defined	$	2,026		1,943		1,774		2,204		2,523
Fixed Charges:
Interest expense	$	304		250		246		234		243
One-third of all rents		72		71		76		77		80
Total fixed charges	$	376		321		322		311		323
Ratio of Earnings to Fixed Charges		5.4	x	6.1	x	5.5	x	7.1	x	7.8	x

(a) Represents earnings from continuing operations before income taxes and cumulative effect of change in accounting principle and minority interests in the income of consolidated subsidiaries with fixed charges.