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EX-32 - EXHIBIT 32 - EMERSON ELECTRIC COq3fy17exhibit32.htm
EX-31 - EXHIBIT 31 - EMERSON ELECTRIC COq3fy17exhibit31.htm
10-Q - 10-Q - EMERSON ELECTRIC COemr-6302017x10q.htm


Exhibit 12

EMERSON ELECTRIC CO. AND SUBSIDIARIES
COMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
June 30, 2017
 
Years ended September 30
 
 
 
 
2012

 
2013

 
2014

 
2015

 
2016

 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
 
$
2,377

 
2,491

 
3,191

 
3,807

 
2,316

 
 
$
1,650

Fixed charges
 
373

 
373

 
355

 
331

 
337

 
 
226

Earnings, as defined
 
$
2,750

 
2,864

 
3,546

 
4,138

 
2,653

 
 
$
1,876

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
241

 
234

 
218

 
200

 
215

 
 
$
151

One-third of all rents
 
132

 
139

 
137

 
131

 
122

 
 
75

Total fixed charges
 
$
373

 
373

 
355

 
331

 
337

 
 
$
226

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 7.4X

 
 7.7X

 
10.0X

 
12.5X

 
7.9X

 
 
8.3X