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EX-10.X - EXHIBIT 10(X) - EMERSON ELECTRIC COexhibit10x.htm
EX-10.W - EXHIBIT 10(W) - EMERSON ELECTRIC COexhibit10w.htm
EX-24 - EXHIBIT 24 - EMERSON ELECTRIC COexhibit24.htm
EX-23 - EXHIBIT 23 - EMERSON ELECTRIC COexhibit23.htm
EX-31 - EXHIBIT 31 - EMERSON ELECTRIC COexhibit31.htm
EX-21 - EXHIBIT 21 - EMERSON ELECTRIC COexhibit21.htm
EX-10.V - EXHIBIT 10(V) - EMERSON ELECTRIC COexhibit10v.htm
EX-32 - EXHIBIT 32 - EMERSON ELECTRIC COexhibit32.htm
10-K - FORM 10-K - EMERSON ELECTRIC COemr930201610-k.htm


Exhibit 12

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


 
Year 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

Fixed charges
373

 
373

 
355

 
331

 
337

Earnings, as defined
$
2,750

 
2,864

 
3,546

 
4,138

 
2,653

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
241

 
234

 
218

 
200

 
215

One-third of all rents
132

 
139

 
137

 
131

 
122

Total fixed charges
$
373

 
373

 
355

 
331

 
337

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
7.4X

 
7.7X

 
10.0X

 
12.5X

 
7.9X