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10-Q - 10-Q - EMERSON ELECTRIC COemr-3312018x10q.htm
EX-32 - EXHIBIT 32 - EMERSON ELECTRIC COq2fy18exhibit32.htm
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Exhibit 12

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

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
March 31, 2018
 
Years 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

 
 
$
1,161

Fixed charges
 
373

 
355

 
331

 
337

 
304

 
 
146

Earnings, as defined
 
$
2,864

 
3,546

 
4,138

 
2,653

 
2,639

 
 
$
1,307

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
 
$
234

 
218

 
200

 
215

 
201

 
 
$
99

One-third of all rents
 
139

 
137

 
131

 
122

 
103

 
 
47

Total fixed charges
 
$
373

 
355

 
331

 
337

 
304

 
 
$
146

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 7.7X

 
10.0X

 
12.5X

 
7.9X

 
8.7X

 
 
8.9X