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EX-10.O - EXHIBIT 10.O - EMERSON ELECTRIC COexhibit10ofy17.htm
EX-23 - EXHIBIT 23 - EMERSON ELECTRIC COexhibit23fy17.htm
EX-10.N - EXHIBIT 10.N - EMERSON ELECTRIC COexhibit10nfy17.htm
EX-21 - EXHIBIT 21 - EMERSON ELECTRIC COexhibit21fy17.htm
EX-32 - EXHIBIT 32 - EMERSON ELECTRIC COexhibit32fy17.htm
EX-31 - EXHIBIT 31 - EMERSON ELECTRIC COexhibit31fy17.htm
EX-99.1 - EXHIBIT 99.1 - EMERSON ELECTRIC COexhibit991fy17.htm
EX-24 - EXHIBIT 24 - EMERSON ELECTRIC COexhibit24fy17.htm
10-K - FORM 10-K - EMERSON ELECTRIC COemr-09302017x10xk.htm


Exhibit 12

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


 
Year Ended September 30,
 
2013

 
2014

 
2015

 
2016

 
2017

Earnings:
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes
$
2,491

 
3,191

 
3,807

 
2,316

 
2,335

Fixed charges
373

 
355

 
331

 
337

 
304

Earnings, as defined
$
2,864

 
3,546

 
4,138

 
2,653

 
2,639

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
234

 
218

 
200

 
215

 
201

One-third of all rents
139

 
137

 
131

 
122

 
103

Total fixed charges
$
373

 
355

 
331

 
337

 
304

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
7.7X

 
10.0X

 
12.5X

 
7.9X

 
8.7X