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Price
Yield
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Missouri
(State or other jurisdiction of
incorporation or organization)
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43-0259330
(I.R.S. Employer
Identification No.)
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8000 W. Florissant Ave.
P.O. Box 4100
St. Louis, Missouri
(Address of principal executive offices)
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63136
(Zip Code)
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Large accelerated filer
ý
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Accelerated filer
¨
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Non-accelerated filer
¨
(Do not check if a smaller reporting company)
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Smaller reporting company
¨
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Three Months Ended December 31,
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|||||
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2012
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2013
|
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|
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Net sales
|
$
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5,553
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|
5,606
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|||
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Costs and expenses:
|
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|||
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Cost of sales
|
3,346
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3,370
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Selling, general and administrative expenses
|
1,394
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|
1,444
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Other deductions, net
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86
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95
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|
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Interest expense (net of interest income of $4 and $7, respectively)
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54
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54
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|||
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Earnings before income taxes
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673
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|
643
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|||
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Income taxes
|
207
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|
166
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|||
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Net earnings
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466
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477
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|||
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Less: Noncontrolling interests in earnings of subsidiaries
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12
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15
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|||
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Net earnings common stockholders
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$
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454
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462
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|||
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|||
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Basic earnings per share common stockholders
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$
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0.63
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0.65
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|||
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Diluted earnings per share common stockholders
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$
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0.62
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0.65
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|||
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Cash dividends per common share
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$
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0.41
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0.43
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Three Months Ended December 31,
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|||||
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2012
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2013
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Net earnings
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$
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466
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477
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|
|
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|
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|||
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Other comprehensive income, net of tax:
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|||
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Foreign currency translation
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79
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15
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Pension and postretirement
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37
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23
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Cash flow hedges
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(3
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)
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3
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Total other comprehensive income (loss)
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113
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41
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|
|||
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Comprehensive income
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579
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518
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|||
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Less: Noncontrolling interests in comprehensive income of subsidiaries
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11
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13
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Comprehensive income common stockholders
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$
|
568
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|
505
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Sept 30, 2013
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Dec 31, 2013
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|
ASSETS
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|||
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Current assets
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|||
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Cash and equivalents
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$
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3,275
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2,737
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Receivables, less allowances of $103 and $101, respectively
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4,808
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4,429
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Inventories
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1,895
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2,162
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Other current assets
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1,021
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671
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Total current assets
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10,999
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9,999
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|||
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Property, plant and equipment, net
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3,605
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3,639
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Other assets
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Goodwill
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7,509
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7,871
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Other intangible assets
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1,672
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1,839
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Other
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926
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776
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Total other assets
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10,107
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10,486
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Total assets
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$
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24,711
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24,124
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LIABILITIES AND EQUITY
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Current liabilities
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Short-term borrowings and current maturities of long-term debt
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$
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1,587
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1,958
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Accounts payable
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2,725
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2,425
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Accrued expenses
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3,184
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|
2,526
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Income taxes
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129
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|
199
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Total current liabilities
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7,625
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7,108
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|||
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Long-term debt
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4,055
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3,834
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|||
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Other liabilities
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2,313
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|
2,299
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|||
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Equity
|
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Common stock, $0.50 par value; authorized, 1,200,000,000 shares; issued, 953,354,012 shares; outstanding, 706,660,259 shares and 704,388,012 shares, respectively
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477
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477
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Additional paid-in-capital
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352
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|
528
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Retained earnings
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18,930
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19,088
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Accumulated other comprehensive income (loss)
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(189
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)
|
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(146
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)
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Cost of common stock in treasury, 246,693,753 shares and 248,966,000 shares, respectively
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(8,985
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)
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(9,206
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)
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Common stockholders’ equity
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10,585
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10,741
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Noncontrolling interests in subsidiaries
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133
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142
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Total equity
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10,718
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|
10,883
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Total liabilities and equity
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$
|
24,711
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24,124
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|
|
Three Months Ended
December 31,
|
|||||
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|
2012
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2013
|
|
|
|
Operating activities
|
|
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|
|||
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Net earnings
|
$
|
466
|
|
|
477
|
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
|
|
|
|||
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Depreciation and amortization
|
206
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|
|
209
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|
|
|
Changes in operating working capital
|
(119
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)
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|
(54
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)
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Other, net
|
86
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|
|
59
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|
|
|
Net cash provided by operating activities
|
639
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|
|
691
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|
|
|
|
|
|
|
|||
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Investing activities
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|
|
|
|||
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Capital expenditures
|
(200
|
)
|
|
(236
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)
|
|
|
Purchases of businesses, net of cash and equivalents acquired
|
—
|
|
|
(576
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)
|
|
|
Divestitures of businesses
|
3
|
|
|
268
|
|
|
|
Other, net
|
(22
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)
|
|
(11
|
)
|
|
|
Net cash used by investing activities
|
(219
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)
|
|
(555
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)
|
|
|
|
|
|
|
|||
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Financing activities
|
|
|
|
|||
|
Net increase in short-term borrowings
|
424
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|
|
387
|
|
|
|
Principal payments on long-term debt
|
(264
|
)
|
|
(314
|
)
|
|
|
Dividends paid
|
(297
|
)
|
|
(304
|
)
|
|
|
Purchases of common stock
|
(113
|
)
|
|
(390
|
)
|
|
|
Other, net
|
(8
|
)
|
|
(54
|
)
|
|
|
Net cash used by financing activities
|
(258
|
)
|
|
(675
|
)
|
|
|
|
|
|
|
|||
|
Effect of exchange rate changes on cash and equivalents
|
(2
|
)
|
|
1
|
|
|
|
Increase (decrease) in cash and equivalents
|
160
|
|
|
(538
|
)
|
|
|
Beginning cash and equivalents
|
2,367
|
|
|
3,275
|
|
|
|
Ending cash and equivalents
|
$
|
2,527
|
|
|
2,737
|
|
|
|
|
|
|
|||
|
Changes in operating working capital
|
|
|
|
|||
|
Receivables
|
$
|
447
|
|
|
446
|
|
|
Inventories
|
(171
|
)
|
|
(161
|
)
|
|
|
Other current assets
|
(13
|
)
|
|
25
|
|
|
|
Accounts payable
|
(256
|
)
|
|
(151
|
)
|
|
|
Accrued expenses
|
(235
|
)
|
|
(298
|
)
|
|
|
Income taxes
|
109
|
|
|
85
|
|
|
|
Total changes in operating working capital
|
$
|
(119
|
)
|
|
(54
|
)
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
1.
|
In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary for a fair presentation of operating results for the interim periods presented. Adjustments consist of normal and recurring accruals. The consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all disclosures required for annual financial statements presented in conformity with U.S. generally accepted accounting principles (GAAP). For further information, refer to the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30,
2013
.
|
|
2.
|
Reconciliations of weighted average shares for basic and diluted earnings per common share follow (in millions). Earnings allocated to participating securities were inconsequential.
|
|
|
Three Months Ended December 31,
|
||||
|
|
2012
|
|
|
2013
|
|
|
Basic shares outstanding
|
722.3
|
|
|
703.5
|
|
|
Dilutive shares
|
4.6
|
|
|
4.6
|
|
|
Diluted shares outstanding
|
726.9
|
|
|
708.1
|
|
|
3.
|
Other Financial Information (in millions):
|
|
|
Sept 30, 2013
|
|
|
Dec 31, 2013
|
|
|
|
Inventories
|
|
|
|
|||
|
Finished products
|
$
|
678
|
|
|
806
|
|
|
Raw materials and work in process
|
1,217
|
|
|
1,356
|
|
|
|
Total
|
$
|
1,895
|
|
|
2,162
|
|
|
Property, plant and equipment, net
|
|
|
|
|||
|
Property, plant and equipment, at cost
|
$
|
9,092
|
|
|
9,194
|
|
|
Less: Accumulated depreciation
|
5,487
|
|
|
5,555
|
|
|
|
Total
|
$
|
3,605
|
|
|
3,639
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
|
Sept 30, 2013
|
|
|
Dec 31, 2013
|
|
|
|
Goodwill by business segment
|
|
|
|
|||
|
Process Management
|
$
|
2,383
|
|
|
2,708
|
|
|
Industrial Automation
|
1,352
|
|
|
1,355
|
|
|
|
Network Power
|
2,832
|
|
|
2,866
|
|
|
|
Climate Technologies
|
503
|
|
|
503
|
|
|
|
Commercial & Residential Solutions
|
439
|
|
|
439
|
|
|
|
Total
|
$
|
7,509
|
|
|
7,871
|
|
|
|
Sept 30, 2013
|
|
|
Dec 31, 2013
|
|
|
|
Accrued expenses include the following
|
|
|
|
|||
|
Employee compensation
|
$
|
650
|
|
|
538
|
|
|
Customer advanced payments
|
$
|
402
|
|
|
437
|
|
|
Product warranty
|
$
|
183
|
|
|
186
|
|
|
Other liabilities
|
|
|
|
|||
|
Pension plans
|
$
|
539
|
|
|
513
|
|
|
Deferred income taxes
|
823
|
|
|
922
|
|
|
|
Postretirement plans, excluding current portion
|
263
|
|
|
262
|
|
|
|
Other
|
688
|
|
|
602
|
|
|
|
Total
|
$
|
2,313
|
|
|
2,299
|
|
|
4.
|
Following is a discussion regarding the Company’s use of financial instruments:
|
|
|
|
|
|
Into Earnings
1st Quarter
|
|
Into OCI
1st Quarter |
|||||||||
|
Gains (Losses)
|
|
Location
|
|
2012
|
|
|
2013
|
|
|
2012
|
|
|
2013
|
|
|
|
Commodity
|
|
Cost of sales
|
|
$
|
(3
|
)
|
|
(3
|
)
|
|
(5
|
)
|
|
2
|
|
|
Foreign currency
|
|
Sales, cost of sales
|
|
4
|
|
|
2
|
|
|
2
|
|
|
1
|
|
|
|
Foreign currency
|
|
Other deductions, net
|
|
9
|
|
|
(2
|
)
|
|
|
|
|
|||
|
Total
|
|
|
|
$
|
10
|
|
|
(3
|
)
|
|
(3
|
)
|
|
3
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
|
September 30, 2013
|
|
December 31, 2013
|
|||||||||
|
|
Assets
|
|
Liabilities
|
|
Assets
|
|
Liabilities
|
|||||
|
Foreign Currency
|
$
|
18
|
|
|
17
|
|
|
18
|
|
|
15
|
|
|
Commodity
|
$
|
2
|
|
|
8
|
|
|
4
|
|
|
5
|
|
|
5.
|
The change in equity for the first three months of 2014 is shown below (in millions):
|
|
|
Common Stockholders' Equity
|
|
Noncontrolling Interests in Subsidiaries
|
|
Total Equity
|
||||
|
Balance at September 30, 2013
|
$
|
10,585
|
|
|
133
|
|
|
10,718
|
|
|
Net earnings
|
462
|
|
|
15
|
|
|
477
|
|
|
|
Other comprehensive income (loss)
|
43
|
|
|
(2
|
)
|
|
41
|
|
|
|
Cash dividends
|
(304
|
)
|
|
(4
|
)
|
|
(308
|
)
|
|
|
Net (purchases) issuances of common stock
|
(45
|
)
|
|
—
|
|
|
(45
|
)
|
|
|
Balance at December 31, 2013
|
$
|
10,741
|
|
|
142
|
|
|
10,883
|
|
|
6.
|
Activity in accumulated other comprehensive income for the three months ended December 31, 2012 and December 31, 2013 is shown below (in millions):
|
|
|
Dec 31, 2012
|
|
|
Dec 31, 2013
|
|
|
|
Foreign currency translation
|
|
|
|
|||
|
Beginning balance
|
$
|
466
|
|
|
504
|
|
|
Other comprehensive income
|
80
|
|
|
17
|
|
|
|
Ending balance
|
546
|
|
|
521
|
|
|
|
|
|
|
|
|||
|
Pension and postretirement
|
|
|
|
|||
|
Beginning balance
|
(1,213
|
)
|
|
(692
|
)
|
|
|
Amortization of deferred actuarial losses into earnings
|
|
|
|
|||
|
net of tax: 2012, $(21); 2013, $(13)
|
37
|
|
|
23
|
|
|
|
Ending balance
|
(1,176
|
)
|
|
(669
|
)
|
|
|
|
|
|
|
|||
|
Cash flow hedges
|
|
|
|
|||
|
Beginning balance
|
16
|
|
|
(1
|
)
|
|
|
Deferred gains (losses) arising during the period,
|
|
|
|
|||
|
net of tax: 2012, $1; 2013, $(1)
|
(2
|
)
|
|
2
|
|
|
|
Reclassification of realized (gain) loss to sales and cost of sales,
|
|
|
|
|||
|
net of tax: 2012, $0; 2013, $0
|
(1
|
)
|
|
1
|
|
|
|
Ending balance
|
13
|
|
|
2
|
|
|
|
|
|
|
|
|||
|
Accumulated other comprehensive income (loss)
|
(617
|
)
|
|
(146
|
)
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
|
Three Months Ended December 31,
|
|||||
|
|
2012
|
|
|
2013
|
|
|
|
Service cost
|
$
|
26
|
|
|
24
|
|
|
Interest cost
|
56
|
|
|
62
|
|
|
|
Expected return on plan assets
|
(83
|
)
|
|
(86
|
)
|
|
|
Net amortization
|
58
|
|
|
36
|
|
|
|
Total
|
$
|
57
|
|
|
36
|
|
|
8.
|
Other deductions, net are summarized below (in millions):
|
|
|
Three Months Ended December 31,
|
|||||
|
|
2012
|
|
|
2013
|
|
|
|
Amortization of intangibles
|
$
|
59
|
|
|
57
|
|
|
Rationalization of operations
|
16
|
|
|
13
|
|
|
|
Other
|
11
|
|
|
25
|
|
|
|
Total
|
$
|
86
|
|
|
95
|
|
|
|
Sept 30, 2013
|
|
|
Expense
|
|
|
Paid/Utilized
|
|
|
Dec 31, 2013
|
|
|
|
Severance and benefits
|
$
|
27
|
|
|
7
|
|
|
11
|
|
|
23
|
|
|
Lease and other contract terminations
|
3
|
|
|
—
|
|
|
—
|
|
|
3
|
|
|
|
Vacant facility and other shutdown costs
|
1
|
|
|
2
|
|
|
2
|
|
|
1
|
|
|
|
Start-up and moving costs
|
1
|
|
|
4
|
|
|
4
|
|
|
1
|
|
|
|
Total
|
$
|
32
|
|
|
13
|
|
|
17
|
|
|
28
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
|
Three Months Ended December 31,
|
|||||
|
|
2012
|
|
|
2013
|
|
|
|
Process Management
|
$
|
3
|
|
|
3
|
|
|
Industrial Automation
|
5
|
|
|
2
|
|
|
|
Network Power
|
4
|
|
|
4
|
|
|
|
Climate Technologies
|
1
|
|
|
3
|
|
|
|
Commercial & Residential Solutions
|
3
|
|
|
1
|
|
|
|
Total
|
$
|
16
|
|
|
13
|
|
|
10.
|
Summarized information about the Company's results of operations by business segment follows (in millions):
|
|
|
Three Months Ended December 31,
|
|||||||||||
|
|
Sales
|
|
Earnings
|
|||||||||
|
|
2012
|
|
|
2013
|
|
|
2012
|
|
|
2013
|
|
|
|
Process Management
|
$
|
1,896
|
|
|
2,041
|
|
|
333
|
|
|
373
|
|
|
Industrial Automation
|
1,137
|
|
|
1,149
|
|
|
164
|
|
|
162
|
|
|
|
Network Power
|
1,459
|
|
|
1,303
|
|
|
105
|
|
|
83
|
|
|
|
Climate Technologies
|
752
|
|
|
786
|
|
|
101
|
|
|
107
|
|
|
|
Commercial & Residential Solutions
|
453
|
|
|
466
|
|
|
97
|
|
|
100
|
|
|
|
|
5,697
|
|
|
5,745
|
|
|
800
|
|
|
825
|
|
|
|
Differences in accounting methods
|
|
|
|
|
50
|
|
|
57
|
|
|||
|
Corporate and other
|
|
|
|
|
(123
|
)
|
|
(185
|
)
|
|||
|
Eliminations/Interest
|
(144
|
)
|
|
(139
|
)
|
|
(54
|
)
|
|
(54
|
)
|
|
|
Total
|
$
|
5,553
|
|
|
5,606
|
|
|
673
|
|
|
643
|
|
|
11.
|
On November 22, 2013, the Company completed the divestiture of a
51 percent
controlling interest in the embedded computing and power business and received proceeds of
$268 million
, net of working capital adjustment. The Company retained an interest with a fair value of approximately
$60 million
, determined using a Level 3 option pricing model. There was
no
pretax gain or loss from the divestiture in the quarter; a tax benefit of
$12 million
was recognized. First quarter consolidated operating results include sales of
$146 million
for this business through the transaction date. Assets and liabilities held-for-sale at the closing date were as follows: other current assets,
$367 million
(accounts receivable, inventories, other); other assets,
$212 million
(property, plant and equipment, goodwill, other noncurrent assets); and accrued expenses,
$251 million
(accounts payable and other liabilities). Prior to the divestiture, cash of
$376 million
(
$308 million
, after tax provided in fiscal 2013) was repatriated from this business. In fiscal year 2013, the Company initiated the repurchase of
$600 million
of Emerson common stock in anticipation of proceeds from the sale and repatriation of cash from this business. The repurchase was completed in the first quarter of 2014.
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
12.
|
On October 22, 2012, Invensys Systems, Inc. filed a suit for patent infringement against the Company and its wholly-owned indirect subsidiary, Micro Motion, Inc., in the Eastern District of Texas captioned
Invensys Systems, Inc. v. Emerson Electric Co. and Micro Motion, Inc., USA
. The complaint alleges infringement on Invensys patents by Micro Motion's Coriolis flowmeter "Enhanced Core Processors." The Invensys suit seeks unspecified damages for past infringement and an injunction preventing the Company and Micro Motion from engaging in future infringement. It is too early in the litigation to assess any potential financial impact. The Company and Micro Motion believe that the Invensys claims are without merit and that they have strong defenses to the claims, and intend to aggressively defend the suit.
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
Three Months Ended December 31
|
2012
|
|
2013
|
|
Change
|
|||
|
(dollars in millions, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Net sales
|
5,553
|
|
|
5,606
|
|
|
1
|
%
|
|
Gross profit
|
2,207
|
|
|
2,236
|
|
|
1
|
%
|
|
Percent of sales
|
39.7
|
%
|
|
39.9
|
%
|
|
|
|
|
SG&A
|
1,394
|
|
|
1,444
|
|
|
|
|
|
Percent of sales
|
25.1
|
%
|
|
25.8
|
%
|
|
|
|
|
Other deductions, net
|
86
|
|
|
95
|
|
|
|
|
|
Interest expense, net
|
54
|
|
|
54
|
|
|
|
|
|
Earnings before income taxes
|
673
|
|
|
643
|
|
|
(4
|
)%
|
|
Percent of sales
|
12.1
|
%
|
|
11.5
|
%
|
|
|
|
|
Net earnings common stockholders
|
454
|
|
|
462
|
|
|
2
|
%
|
|
Percent of sales
|
8.2
|
%
|
|
8.2
|
%
|
|
|
|
|
|
|
|
|
|
|
|||
|
Diluted EPS – Net earnings
|
0.62
|
|
|
0.65
|
|
|
5
|
%
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
Three Months Ended December 31
|
2012
|
|
2013
|
|
Change
|
||||
|
(dollars in millions)
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
||||
|
Sales
|
$
|
1,896
|
|
|
2,041
|
|
|
8
|
%
|
|
Earnings
|
$
|
333
|
|
|
373
|
|
|
12
|
%
|
|
Margin
|
17.6
|
%
|
|
18.3
|
%
|
|
|
|
|
|
Three Months Ended December 31
|
2012
|
|
2013
|
|
Change
|
||||
|
(dollars in millions)
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
||||
|
Sales
|
$
|
1,137
|
|
|
1,149
|
|
|
1
|
%
|
|
Earnings
|
$
|
164
|
|
|
162
|
|
|
(1
|
)%
|
|
Margin
|
14.4
|
%
|
|
14.1
|
%
|
|
|
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
Three Months Ended December 31
|
2012
|
|
2013
|
|
Change
|
||||
|
(dollars in millions)
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
||||
|
Sales
|
$
|
1,459
|
|
|
1,303
|
|
|
(11
|
)%
|
|
Earnings
|
$
|
105
|
|
|
83
|
|
|
(21
|
)%
|
|
Margin
|
7.2
|
%
|
|
6.4
|
%
|
|
|
||
|
Three Months Ended December 31
|
2012
|
|
2013
|
|
Change
|
||||
|
(dollars in millions)
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
||||
|
Sales
|
$
|
752
|
|
|
786
|
|
|
5
|
%
|
|
Earnings
|
$
|
101
|
|
|
107
|
|
|
6
|
%
|
|
Margin
|
13.4
|
%
|
|
13.6
|
%
|
|
|
||
|
Three Months Ended December 31
|
2012
|
|
2013
|
|
Change
|
||||
|
(dollars in millions)
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
||||
|
Sales
|
$
|
453
|
|
|
466
|
|
|
3
|
%
|
|
Earnings
|
$
|
97
|
|
|
100
|
|
|
2
|
%
|
|
Margin
|
21.5
|
%
|
|
21.4
|
%
|
|
|
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
|
Sept 30, 2013
|
|
|
Dec 31, 2013
|
|
|
|
Working capital (in millions)
|
$
|
3,374
|
|
|
2,891
|
|
|
Current ratio
|
1.4
|
|
|
1.4
|
|
|
|
Total debt-to-total capital
|
34.8
|
%
|
|
35.0
|
%
|
|
|
Net debt-to-net capital
|
18.3
|
%
|
|
22.1
|
%
|
|
|
Interest coverage ratio
|
14.6
|
X
|
|
11.6X
|
|
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
Period
|
Total Number of Shares
Purchased
|
|
Average Price Paid Per Share
|
|
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
|
|
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
|
|
October 2013
|
2,943
|
|
$64.34
|
|
2,943
|
|
60,989
|
|
November 2013
|
691
|
|
$65.99
|
|
691
|
|
60,298
|
|
December 2013
|
925
|
|
$68.66
|
|
925
|
|
59,374
|
|
Total
|
4,559
|
|
$65.47
|
|
4,559
|
|
59,374
|
|
3.1
|
|
Bylaws of Emerson Electric Co., as amended through November 5, 2013, incorporated by reference to the Company's Form 8-K filed on November 12, 2013, Exhibit 3.1.
|
|
|
|
|
|
10.1
|
|
Letter Agreement entered into as of November 11, 2013 between the Company and Craig W. Ashmore.
|
|
|
|
|
|
12
|
|
Ratio of Earnings to Fixed Charges.
|
|
|
|
|
|
31
|
|
Certifications pursuant to Exchange Act Rule 13a-14(a).
|
|
|
|
|
|
32
|
|
Certifications pursuant to Exchange Act Rule 13a-14(b) and 18 U.S.C. Section 1350.
|
|
|
|
|
|
101
|
|
Attached as Exhibit 101 to this report are the following documents formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Statements of Earnings for the three months ended December 31, 2012 and 2013, (ii) Consolidated Statements of Comprehensive Income for the three months ended December 31, 2012 and 2013, (iii) Consolidated Balance Sheets at September 30, 2013 and December 31, 2013, (iv) Consolidated Statements of Cash Flows for the three months ended December 31, 2012 and 2013, and (v) Notes to Consolidated Financial Statements for the three months ended December 30, 2013.
|
|
EMERSON ELECTRIC CO. AND SUBSIDIARIES
|
FORM 10-Q
|
|||
|
|
|
EMERSON ELECTRIC CO.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By
|
/s/ Frank J. Dellaquila
|
|
|
|
|
|
Frank J. Dellaquila
|
|
|
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
|
|
|
(on behalf of the registrant and as Chief Financial Officer)
|
|
|
|
|
|
February 5, 2014
|
|
|
Exhibit No.
|
Exhibit
|
||
|
|
|
|
|
|
10.1
|
|
|
Letter Agreement entered into as of November 11, 2013 between the Company and Craig W. Ashmore.
|
|
|
|
|
|
|
12
|
|
|
Ratio of Earnings to Fixed Charges.
|
|
|
|
|
|
|
31
|
|
|
Certifications pursuant to Exchange Act Rule 13a-14(a).
|
|
|
|
|
|
|
32
|
|
|
Certifications pursuant to Exchange Act Rule 13a-14(b) and 18 U.S.C. Section 1350.
|
|
|
|
|
|
|
101
|
|
|
Attached as Exhibit 101 to this report are the following documents formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Statements of Earnings for the three months ended December 31, 2012 and 2013, (ii) Consolidated Statements of Comprehensive Income for the three months ended December 31, 2012 and 2013, (iii) Consolidated Balance Sheets at September 30, 2013 and December 31, 2013, (iv) Consolidated Statements of Cash Flows for the three months ended December 31, 2012 and 2013, and (v) Notes to Consolidated Financial Statements for the three months ended December 31, 2013.
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
Customers
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|