Missouri
(State
or other jurisdiction of
incorporation
or organization)
|
|
43-0259330
(I.R.S.
Employer
Identification
No.)
|
8000
W. Florissant Ave.
P.O.
Box 4100
St.
Louis, Missouri
|
|
63136
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Title
of each class
|
|
Name
of each exchange on which registered
|
Common
Stock of $0.50 par value per share
|
|
New
York Stock Exchange
Chicago
Stock Exchange
|
Preferred
Stock Purchase Rights
|
|
New
York Stock Exchange
Chicago
Stock Exchange
|
·
|
Process
Management, providing measurement, control and diagnostic capabilities
for
automated industrial processes producing items such as foods, fuels,
medicines and power
|
·
|
Industrial
Automation, bringing integrated manufacturing solutions to diverse
industries worldwide
|
·
|
Network
Power, providing power and environmental conditioning and reliability
to
help keep telecommunication systems, data networks and critical
business
applications continuously operating
|
·
|
Climate
Technologies, enhancing household and commercial comfort as well
as food
safety and energy efficiency through air-conditioning and refrigeration
technology
|
·
|
Appliance
and Tools, providing uniquely designed motors for a broad range
of
applications, appliances and integrated appliance solutions, and
tools for
both homeowners and professionals, as well as home and commercial
storage
systems
|
(dollars
in millions)
|
2006
|
|
|
2007
|
|||
Process
Management
|
$
|
1,883
|
2,531
|
||||
Industrial
Automation
|
523
|
599
|
|||||
Network
Power
|
867
|
1,093
|
|||||
Climate
Technologies
|
423
|
375
|
|||||
Appliance
and Tools
|
358
|
319
|
|||||
Consolidated
Order Backlog
|
$
|
4,054
|
4,917
|
Name
|
Position
|
Age
|
Fiscal
Year
|
|||
D.
N. Farr*
|
Chairman
of the Board, Chief Executive Officer and President
|
52
|
1985
|
|||
C.
W. Ashmore
|
Senior
Vice President - Planning and Development
|
45
|
2001
|
|||
W.
J. Galvin
|
Senior
Executive Vice President and Chief Financial Officer
|
61
|
1984
|
|||
E.
L. Monser
|
Chief
Operating Officer
|
57
|
2002
|
|||
C.
A. Peters
|
Senior
Executive Vice President
|
52
|
1990
|
|||
R.
J. Schlueter
|
Vice
President and Chief Accounting Officer
|
53
|
1992
|
|||
F.
L. Steeves
|
Senior
Vice President, Secretary and General Counsel
|
53
|
2007
|
|||
W.
W. Withers
|
Executive
Vice President and Special Legal Advisor
|
67
|
1989
|
Period
|
(a) Total Number
of
Shares
Purchased (000s)
|
|
(b) Average
Price Paid
per Share
|
|
(c) Total Number of
Shares Purchased
as Part of Publicly
Announced Plans or
Programs (000s)
|
|
(d) Maximum Number
of Shares That May
Yet Be Purchased
Under the Plans or
Programs (000s)
|
||||||
July
2007
|
840
|
|
$48.62
|
840
|
18,721
|
||||||||
August
2007
|
2,025
|
|
$47.11
|
2,025
|
16,696
|
||||||||
September
2007
|
1,900
|
|
$49.66
|
1,900
|
14,796
|
||||||||
Total
|
4,765
|
|
$48.39
|
4,765
|
14,796
|
2003
|
|
2004
|
|
2005
(a)
|
|
2006
|
|
2007
|
|
|||||||
Net
sales
|
$
|
13,958
|
15,615
|
17,305
|
20,133
|
22,572
|
||||||||||
Earnings
from continuing operations
|
$
|
1,013
|
1,257
|
1,422
|
1,845
|
2,136
|
||||||||||
Earnings
before cumulative effect of change in accounting principle
|
$
|
1,089
|
1,257
|
1,422
|
1,845
|
2,136
|
||||||||||
Earnings
from continuing operations per common share (basic)
|
$
|
1.21
|
1.50
|
1.71
|
2.26
|
2.69
|
||||||||||
Earnings
from continuing operations per common share (diluted)
|
$
|
1.20
|
1.49
|
1.70
|
2.24
|
2.66
|
||||||||||
Earnings
before cumulative effect of change in accounting principle per
common
share (diluted)
|
$
|
1.29
|
1.49
|
1.70
|
2.24
|
2.66
|
||||||||||
Cash
dividends per common share
|
$
|
0.79
|
0.80
|
0.83
|
0.89
|
1.05
|
||||||||||
Long-term
debt
|
$
|
3,733
|
3,136
|
3,128
|
3,128
|
3,372
|
||||||||||
Total
assets
|
$
|
15,194
|
16,361
|
17,227
|
18,672
|
19,680
|
Plan
Category
|
Number
of Securities
to
be Issued upon
Exercise
of
Outstanding
Options,
Warrants
and Rights
|
Weighted-Average
Exercise
Price of
Outstanding
Options,
Warrants
and
Rights
|
Number
of Securities
Remaining
Available for
Future
Issuance under
Equity
Compensation
Plans
(Excluding
Securities
Reflected in
Column
(a))
|
|||||||
(a)
|
(b)
|
(c)
|
||||||||
Equity
compensation plans
|
||||||||||
approved
by security holders(1)
|
23,168,714
|
|
$29.81
|
31,779,898
|
||||||
Equity
compensation plans not
|
||||||||||
approved
by security holders(2)
|
-
|
-
|
-
|
|||||||
Total
|
23,168,714
|
|
$29.81
|
31,779,898
|
(1) |
Includes
the Company’s Stock Option and previously approved Incentive Shares Plans.
Included in column (a) are 4,859,700 shares reserved for performance
share
awards (awarded in 2007), which will be distributed primarily in
shares of
common stock and partially in cash contingent upon the Company
achieving
the financial objective through 2010 and performance of services
by the
employees. Also included in column (a) are 4,651,172 shares reserved
for
performance share awards (awarded primarily in 2004), 2,790,707
of which
will be issued primarily in shares of common stock and paid partially
in
cash in early 2008 as a result of achieving the financial objective
by the
end of 2007, and 1,860,465 shares of which will be distributed
in shares
of common stock contingent upon one additional year of service
by
employees. As provided by the Company’s Incentive Shares Plans,
performance share awards represent a commitment to issue such shares
without cash payment by the employee, contingent upon achievement
of the
objective and the performance of services by the employee. The
price in
column (b) represents the weighted-average exercise price for outstanding
options. Included in column (c) are 16,267,194 shares remaining
available
for award under the previously approved 2006 Incentive Shares Plan
and
431,866 shares remaining available under the previously approved
Restricted Stock Plan for Non-Management
Directors.
|
(2) |
Excludes
12,264 outstanding options assumed in connection with acquisitions
with a
weighted-average exercise price of $17.64.
|
1. |
The
consolidated financial statements of the Company and its subsidiaries
and
the report thereon of KPMG LLP in the 2007 Annual
Report.
|
2. |
Financial
Statement Schedules
|
All
schedules are omitted because they are not required, not applicable
or the
information is given in the financial statements or notes thereto
contained in the 2007 Annual
Report.
|
3. |
Exhibits
(Listed by numbers corresponding to the Exhibit Table of Item 601
in
Regulation S-K).
|
3(a)
|
Restated
Articles of Incorporation of Emerson Electric Co., incorporated
by
reference to Emerson Electric Co. Form 10-Q for the quarter ended
March
31, 2001, File No. 1-278, Exhibit 3(a); Termination of Designated
Shares
of Stock and Certificate of Designation, Preferences and Rights
of Series
B Junior Participating Preferred Stock, incorporated by reference
to
Emerson Electric Co. 1998 Form 10-K, File No. 1-278, Exhibit
3(a).
|
3(b)
|
Bylaws
of Emerson Electric Co., as amended through October 4, 2005, incorporated
by reference to Emerson Electric Co. Form 8-K dated October 4,
2005,
Exhibit 3.1.
|
4(a)
|
Indenture
dated as of April 17, 1991, between Emerson Electric Co. and The
Boatmen's
National Bank of St. Louis, Trustee, incorporated by reference
to Emerson
Electric Co. Registration Statement on Form S-3, File No. 33-62545,
Exhibit 4.1.
|
4(b)
|
Indenture
dated as of December 10, 1998, between Emerson Electric Co. and
The Bank
of New York, Trustee, incorporated by reference to Emerson Electric
Co.
1998 Form 10-K, File No. 1-278, Exhibit 4(b).
|
No
other long-term debt instruments are filed since the total amount
of
securities authorized under any such instrument does not exceed
10 percent
of the total assets of Emerson Electric Co. and its subsidiaries
on a
consolidated basis. Emerson Electric Co. agrees to furnish a copy
of such
instruments to the Securities and Exchange Commission upon
request.
|
4(c)
|
Rights
Agreement dated as of November 1, 1998, between Emerson Electric
Co. and
ChaseMellon Shareholder Services, L.L.C., incorporated by reference
to
Emerson Electric Co. Form 8-A, dated October 6, 1998, File No.
1-278,
Exhibit 1.
|
10(a)*
|
1991
Stock Option Plan, as amended, incorporated by reference to Emerson
Electric Co. 1997 Form 10-K, File No. 1-278, Exhibit 10(e) and
Amendment
No. 1 thereto, incorporated by reference to Emerson Electric Co.
2000 Form
10-K, File No. 1-278, Exhibit 10(c).
|
10(b)*
|
Third
Amendment to the Emerson Electric Co. 1993 Incentive Shares Plan,
as
restated, incorporated by reference to Emerson Electric Co. 1996
Form
10-K, File No. 1-278, Exhibit 10(g), and Fourth Amendment thereto,
incorporated by reference to Emerson Electric Co. 2001 Form 10-K,
File No.
1-278, Exhibit 10(d).
|
10(c)*
|
Amended
and Restated Emerson Electric Co. Continuing Compensation Plan
for
Non-Management Directors, filed herewith.
|
10(d)*
|
Amended
and Restated Deferred Compensation Plan for Non-Employee Directors
and
Forms of Payment Election Form, Initial Notice of Election and
Notice of
Election Change, filed herewith.
|
10(e)*
|
First
Amendment to the Emerson Electric Co. Supplemental Executive Retirement
Plan, incorporated by reference to Emerson Electric Co. 1999 Form
10-K,
File No. 1-278, Exhibit 10(h), and Form of Change of Control Election,
incorporated by reference to Emerson Electric Co. Form 8-K dated
October
1, 2004, Exhibit 10.9 (applicable only with respect to benefits
vested as
of December 31, 2004).
|
10(f)*
|
Amended
and Restated Emerson Electric Co. Pension Restoration Plan and
Forms of
Participation Award Letter, Acceptance of Award and Benefit Election
Forms, filed herewith (applicable only with respect to benefits
after
January 1, 2005).
|
10(g)*
|
Fifth
Amendment to the Supplemental Executive Savings Investment Plan,
incorporated by reference to Emerson Electric Co. Form 10-Q for
the
quarter ended March 31, 1999, File No. 1-278, Exhibit 10(j), and
Form of
Participation Agreement and Form of Annual Election, incorporated
by
reference to Emerson Electric Co. Form 8-K dated October 1, 2004,
Exhibit
10.8 (applicable only with respect to benefits vested as of December
31,
2004).
|
10(h)*
|
Amended
and Restated Emerson Electric Co. Savings Investment Restoration
Plan and
Forms of Participation Agreement, Annual Election Form and Payment
Election Form, filed herewith (applicable only with respect to
benefits
after January 1, 2005).
|
10(i)*
|
Amended
and Restated Emerson Electric Co. Annual Incentive Plan, filed
herewith,
and Form of Acceptance of Award, filed herewith.
|
10(j)*
|
1997
Incentive Shares Plan, incorporated by reference to Emerson Electric
Co.
1997 Proxy Statement dated December 6, 1996, File No. 1-278, Exhibit
A,
and First Amendment thereto, incorporated by reference to Emerson
Electric
Co. 2001 Form 10-K, File No. 1-278, Exhibit 10(j), Amendment for
409A
Compliance, filed herewith, Form of Performance Share Award Certificate,
Forms of Acceptance of Award and Change of Control Election, incorporated
by reference to Emerson Electric Co. Form 8-K dated October 1,
2004,
Exhibit 10.5, and Form of Restricted Shares Award Agreement, incorporated
by reference to Emerson Electric Co. Form 8-K dated October 1,
2004,
Exhibit 10.6.
|
10(k)*
|
1998
Stock Option Plan, incorporated by reference to Emerson Electric
Co. 1998
Proxy Statement dated December 12, 1997, File No. 1-278, Appendix
A, and
Amendment No. 1 thereto, incorporated by reference to Emerson Electric
Co.
2000 Form 10-K, File No. 1-278, Exhibit 10(l), Form of Notice of
Grant of
Stock Options and Option Agreement and Form of Incentive Stock
Option
Agreement, incorporated by reference to Emerson Electric Co. Form
8-K
dated October 1, 2004, Exhibit 10.1, and Form of Notice of Grant
of Stock
Options and Option Agreement and Form of Nonqualified Stock Option
Agreement, incorporated by reference to Emerson Electric Co. Form
8-K
dated October 1, 2004, Exhibit 10.2.
|
10(l)*
|
2001
Stock Option Plan, incorporated by reference to Emerson Electric
Co. 2002
Proxy Statement dated December 12, 2001, File No. 1-278, Appendix
A, Form
of Notice of Grant of Stock Options and Option Agreement and Form
of
Incentive Stock Option Agreement, incorporated by reference to
Emerson
Electric Co. Form 8-K dated October 1, 2004, Exhibit 10.3, and
Form of
Notice of Grant of Stock Options and Option Agreement and Form
of
Nonqualified Stock Option Agreement, incorporated by reference
to Emerson
Electric Co. Form 8-K dated October 1, 2004, Exhibit
10.4.
|
10(m)*
|
Emerson
Electric Co. Description of Split Dollar Life Insurance Program
Transition, incorporated by reference to Emerson Electric Co. Form
8-K
dated August 31, 2005, Exhibit 10.1.
|
10(n)*
|
Emerson
Electric Co. Restricted Stock Plan for Non-Management Directors,
incorporated by reference to Emerson Electric Co. 2005 Proxy Statement
dated December 8, 2004, Appendix B, and Form of Award Letter under
the
Emerson Electric Co. Restricted Stock Plan for Non-Management Directors,
incorporated by reference to Emerson Electric Co. Form 8-K dated
February
1, 2005, Exhibit 10.2.
|
10(o)*
|
Description
of Non-Management Director Compensation, incorporated by reference
to
Emerson Electric Co. Form 10-Q for the quarter ended March 31,
2007,
Exhibit 10.1.
|
10(p)*
|
Description
of Named Executive Officer Compensation, incorporated by reference
to
Emerson Electric Co. Form 10-Q for the quarter ended December 31,
2004,
Exhibit 10.1.
|
10(q)*
|
Emerson
Electric Co. 2006 Incentive Shares Plan, incorporated by reference
to
Emerson Electric Co. 2006 Proxy Statement dated December 16, 2005,
Appendix C, Amendment for 409A Compliance, filed herewith, and
Forms of
Performance Share Award Certificate, Acceptance of Award and Restricted
Share Award Agreement, filed herewith.
|
10(r)
|
Long-Term
Credit Agreement dated as of April 28, 2006, incorporated by reference
to
Emerson Electric Co. Form 8-K dated May 2, 2006, Exhibit
10.1.
|
10(s)*
|
Letter
Agreement effective as of April 4, 2007, by and between Emerson
Electric
Co. and W. Wayne Withers, incorporated by reference to Emerson
Electric
Co. Form 8-K dated April 7, 2007, Exhibit 10.1.
|
10(t)*
|
Consulting
Contract made and entered into as of April 4, 2007, by and between
Emerson
Electric Co. and W. Wayne Withers, incorporated by reference to
Emerson
Electric Co. Form 8-K dated April 7, 2007, Exhibit
10.2.
|
12
|
Ratio
of Earnings to Fixed Charges.
|
13
|
Portions
of Emerson Electric Co. Annual Report to Stockholders for the year
ended
September 30, 2007, incorporated by reference
herein.
|
Subsidiaries
of Emerson Electric Co.
|
|
23
|
Consent
of Independent Registered Public Accounting Firm.
|
24
|
Power
of Attorney.
|
31
|
Certifications
pursuant to Exchange Act Rule 13a-14(a).
|
Certifications
pursuant to Exchange Act Rule 13a-14(b) and 18 U.S.C. Section
1350.
|
|
*
Management contract or compensatory
plan.
|
EMERSON
ELECTRIC CO.
|
||
By
|
/s/ |
W.
J. Galvin
|
W.
J. Galvin
|
||
Senior
Executive Vice President
|
||
and
Chief Financial Officer
|
Signature
|
Title
|
|
/s/
D. N. Farr
|
Chairman
of the Board, Chief Executive Officer,
President
and Director
|
|
D. N. Farr
|
||
/s/
W. J. Galvin
|
Senior
Executive Vice President, Chief Financial Officer
and
Director
|
|
W. J. Galvin
|
||
/s/
R. J. Schlueter
|
Vice
President and Chief Accounting Officer
|
|
R. J. Schlueter
|
||
*
|
Director
|
|
A.
A. Busch III
|
||
*
|
Director
|
|
D.
C. Farrell
|
|
|
*
|
Director
|
|
C.
Fernandez G.
|
|
|
*
|
Director
|
|
A.
F. Golden
|
||
*
|
Director
|
|
R.
B. Horton
|
|
*
|
Director
|
|
V.
R. Loucks, Jr.
|
|
|
*
|
Director
|
|
J.
B. Menzer
|
||
*
|
Director
|
|
C.
A. Peters
|
||
*
|
Director
|
|
J.
W. Prueher
|
||
*
|
Director
|
|
R.
L. Ridgway
|
||
*
|
Director
|
|
R.
L. Stephenson
|
*
By
|
/s/
W. J. Galvin
|
|
|
W. J. Galvin
|
|
|
Attorney-in-fact
|
Exhibit
No.
|
Exhibit
|
|
10(c)*
|
Amended
and Restated Emerson Electric Co. Continuing Compensation Plan
for
Non-Management Directors
|
|
10(d)*
|
Amended
and Restated Deferred Compensation Plan for Non-Employee Directors
and
Forms of Payment Election Form, Initial Notice of Election and
Notice of
Election Change
|
|
10(f)
*
|
Amended
and Restated Emerson Electric Co. Pension Restoration Plan and
Forms of
Participation Award Letter, Acceptance of Award, and Benefit Election
Forms (applicable only with respect to benefits after January 1,
2005)
|
|
10(h)
*
|
Amended
and Restated Emerson Electric Co. Savings Investment Restoration
Plan and
Forms of Participation Agreement, Annual Election Form and Payment
Election Form (applicable only with respect to benefits after January
1,
2005)
|
|
10(i)*
|
Amended
and Restated Emerson Electric Co. Annual Incentive Plan and Form
of
Acceptance of Award
|
|
|
||
10(j)*
|
Amendment
for 409A Compliance to 1997 Incentive Shares Plan
|
|
10(q)*
|
Amendment
for 409A Compliance to Emerson Electric Co. 2006 Incentive Shares
Plan and
Forms of Performance Share Award Certificate, Acceptance of Award
and
Restricted Share Award Agreement
|
|
12
|
Ratio
of Earnings to Fixed Charges
|
|
13
|
Portions
of Emerson Electric Co. Annual Report to Stockholders for the year
ended
September 30, 2007, incorporated by reference herein
|
|
21
|
Subsidiaries
of Emerson Electric Co.
|
|
23
|
Consent
of Independent Registered Public Accounting Firm
|
|
24
|
Power
of Attorney
|
|
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
|
I.
|
Purpose
|
II.
|
Eligibility
|
III.
|
Benefits
|
|
1.
|
The
level of annual benefits will be determined as a percentage of
$30,000, the annual cash retainer for directors in effect as of June
4,
2002 (the “Retainer Rate”), in accordance with the following
schedule:
|
|
Years
of Service
as a Non-Employee Director |
|
Percentage
of
Retainer Rate |
|
|
|
|
|
5
years
|
|
50%
|
|
6
years
|
|
60%
|
|
7
years
|
|
70%
|
|
8
years
|
|
80%
|
|
9
years
|
|
90%
|
|
10
years or more
|
|
100%
|
|
For
purposes of this section, a “Change of Control” shall
mean:
|
|
2.
|
Benefits
will be paid in monthly installments for the life of the
director commencing with the fifteenth day of the month following
the
later of the date of his or her termination of service as a director
or
his or her attainment of age 72; provided, that (a) in the event
the
service of the director terminates for reason of age or disability
and the
director dies after benefits have commenced but prior to a date five
years
from his or her termination of service as a director, his or her
spouse,
if any, shall receive the Benefit in monthly installments for the
balance
of such five-year period, or (b) in the event the director dies before
payments commence, the Benefit shall be paid in monthly installments
for
five years to his
|
IV.
|
Miscellaneous
|
1.
|
Eligibility
|
2.
|
Election
|
3.
|
Payment
of Deferred Fees
|
4.
|
Interest
Rate
|
5.
|
Designation
of
Beneficiary
|
6.
|
Death
or Incapacity of
Director
|
7.
|
Change
of Control
|
8.
|
Amendment
and
Termination
|
9.
|
Miscellaneous
|
1.
|
Name
of Director:
__________________________________________________
|
2.
|
Percentage
of Fees to be Deferred:
________%
|
3.
|
Deferral
Options:
|
Cash
______%
|
Phantom
Stock
______%
|
4.
|
Manner
of Distribution
(irrevocable)
:
|
|
o
|
lump
sum
|
|
o
|
annual
installments over ____ years (not
to exceed 10 years)
|
5.
|
Beneficiary
Designation: Name and
Address
|
6.
|
Alternative
Beneficiary Designation:
Name and Address
|
By:
_____________________________________
|
Date:
_________________________
|
Return
completed form
to:
|
Cynthia
Heath, Station
2988
|
|
Emerson
Electric
Co.
|
|
8000
W. Florissant
Avenue
|
|
St.
Louis, MO
63136
|
1.
|
Name
of Director:
__________________________________________________
|
2.
|
Percentage
of Fees to be Deferred:
________%
|
3.
|
Deferral
Options:
|
Cash
______%
|
Phantom
Stock
______%
|
4.
|
Beneficiary
Designation: Name and
Address
|
5.
|
Alternative
Beneficiary Designation:
Name and Address
|
6.
|
Change
in Deferral Options (if any; no
more often than annually):
|
|
o
|
I
elect to transfer ____% of my Phantom
Stock account to the Cash option.
|
|
o
|
I
elect to transfer ____% of my Cash
account to the Phantom Stock
option.
|
By:
_____________________________________
|
Date:
_________________________
|
Return
completed form
to:
|
Cynthia
Heath, Station
2988
|
|
Emerson
Electric
Co.
|
|
8000
W. Florissant
Avenue
|
|
St.
Louis, MO
63136
|
1.
|
Name
:
____________________________________________
|
2.
|
Manner
of
Distribution
:
|
|
o
|
lump
sum
|
|
o
|
annual
installments over ____ years (not
to exceed 10 years)
|
By:
_____________________________________
|
Date:
_________________________
|
Return
completed form
to:
|
Cynthia
Heath, Station
2988
|
|
Emerson
Electric
Co.
|
|
8000
W. Florissant
Avenue
|
|
St.
Louis, MO
63136
|
|
Cynthia
G. Heath
Vice
President
Executive
Compensation
Emerson
Electric
Co.
8000
W. Florissant Ave.
St.
Louis, MO 63105
T
(314) 553 2157
F
(314) 553 3590
E
cynthia.heath@emrsn.com
|
|
Sincerely,
|
|
Cynthia
G.
Heath
|
cc:
|
Kevin
Espey
|
|
Swati
Anant
|
|
Dated
______________________,
20__
|
Name
|
|
Signature
|
Participant:
__________________________________
|
Soc.
Sec. No.:
____________________________
|
I.
|
FORM
OF
BENEFIT
|
o
|
Life
Annuity and 60 Months
Certain
.
Estimated
$______
annually
(
$_____
monthly)
payable
for your lifetime. If you die before receiving 60 monthly payments,
the
balance of the 60 monthly payments will be made to your
beneficiary.
|
o
|
Life
Annuity and 120 Months
Certain
.
Estimated
$______
annually
(
$_____
monthly)
payable
for your lifetime. If you die before receiving 120 monthly payments,
the
balance of the 120 monthly payments will be made to your
beneficiary.
|
o
|
50%
Joint and Survivor
Annuity
.
Estimated
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
o
|
66-2/3%
Joint and Survivor
Annuity
.
Estimated
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
o
|
75%
Joint and Survivor
Annuity
.
Estimated
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
o
|
100%
Joint and Survivor
Annuity
.
Estimated
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
II.
|
BENEFICIARY/CONTINGENT
ANNUITANT
|
Name:
_______________________________________
|
Relationship:
_____________________________
|
Signature:
____________________________________
|
Date:
____________________________________
|
Participant:
________________________________________
|
Soc.
Sec. No.:
____________________________
|
I.
|
PRE-2005
NON-QUALIFIED
BENEFITS
|
Based
on Contingent
Annuitant
|
Date
of Birth
|
50%
J&S
|
$______annually
($____
monthly)
|
66-2/3%
J&S
|
$______annually
($____
monthly)
|
75%
J&S
|
$______annually
($____
monthly)
|
100%
J&S
|
$______annually
($____
monthly)
|
II.
|
POST-2004
NON-QUALIFIED
BENEFITS
|
o
|
Life
Annuity and 60 Months
Certain
.
$______
annually
(
$_____
monthly)
payable
for your lifetime. If you die before receiving 60 monthly payments,
the
balance of the 60 monthly payments will be made to your
beneficiary.
|
o
|
Life
Annuity and 120 Months
Certain
.
$______
annually
(
$_____
monthly)
payable
for your lifetime. If you die before receiving 120 monthly payments,
the
balance of the 120 monthly payments will be made to your
beneficiary.
|
o
|
50%
Joint and Survivor
Annuity
.
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
o
|
66
2/3% Joint and Survivor
Annuity
.
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
o
|
75%
Joint and Survivor
Annuity
.
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
o
|
100%
Joint and Survivor
Annuity
.
$______
annually
(
$_____
monthly)
payable
for your lifetime.
|
III.
|
BENEFICIARY/CONTINGENT
ANNUITANT FOR
POST-2004 NON-QUALIFIED
BENEFITS
|
Name:
____________________________________________
|
Relationship:
_____________________________
|
Signature:
_________________________________________
|
Date:
____________________________________
|
|
Years
of Service
|
Percent
Vesting
|
|
Less
than 1
|
0%
|
|
1
|
20%
|
|
2
|
40%
|
|
3
|
60%
|
|
4
|
80%
|
|
5
|
100%
|
A.
|
EMPLOYEE
INFORMATION
|
Full
Name:
______________________________________
|
SSN:
________________
|
Date
of Birth:
______________
|
Date
of Hire:
____________
|
Badge
#:
__________
|
B.
|
CONTRIBUTION
ELECTION
|
|
o
5%
|
o
6%
|
o
7%
|
o
8%
|
o
9%
|
o
10%
|
|
|
o
11%
|
o
12%
|
o
13%
|
o
14%
|
o
15%
|
o
16%
|
|
|
o
17%
|
o
18%
|
o
19%
|
o
20%
|
|
|
|
Signature:
_____________________________________
|
Date:
_________________________
|
Return
completed form
to:
|
Cynthia
Heath, Station
2988
|
|
Emerson
Electric
Co.
|
|
8000
W. Florissant
Avenue
|
|
St.
Louis, MO
63136
|
I.
|
MANNER
OF
DISTRIBUTION
(in
the event of retirement)
|
II.
|
BENEFICIARY
DESIGNATION
|
Signature:
_________________________________
|
Date:
____________________
|
1.
|
Name
:
____________________________________________
|
2.
|
Manner
of
Distribution
|
Signature:
_____________________________________
|
Date:
_________________________
|
Return
completed form
to:
|
Cynthia
Heath, Station
2988
|
|
Emerson
Electric
Co.
|
|
8000
W. Florissant
Avenue
|
|
St.
Louis, MO
63136
|
I.
|
PURPOSE
|
II.
|
DEFINITIONS
|
IV.
|
DETERMINATION
OF ANNUAL INCENTIVE
AWARDS
|
V.
|
TIME
FOR PAYMENTS
|
VI.
|
ADMINISTRATION
OF THE
PROGRAM
|
VII.
|
VESTING
|
VIII.
|
AMENDMENT
OR TERMINATION
|
IX.
|
MISCELLANEOUS
|
FROM:
|
C.
G. Heath
|
FILE:
|
EXECUTIVE
COMPENSATION
|
SUBJECT:
|
FY
2008 Extra Salary Program – Annual Incentive Plan
Participant
|
|
|
|
|
|
Signature
|
|
|
|
|
|
|
|
|
Name
|
|
|
|
|
|
|
|
|
Division
|
|
|
|
|
|
|
|
|
Date
|
Return
Form to:
|
Tammy
Fritts, Station 2988
Emerson Electric Co. 8000 W. Florissant Ave. St. Louis, MO 63136 |
|
1.
|
Any
election to defer receipt of all or part of an award of
Performance Shares must be made no later than the close of the Company’s
taxable year immediately preceding the first taxable year of the
Company
in which any services are performed for which such Performance Share
award
is payable; however, a newly eligible participant may make an election
within 30 days after the date he first becomes eligible to participate
in
the performance program, but only with respect to the portion of
the
Performance Shares award attributable to services performed after
the date
of his deferral election. Notwithstanding the foregoing, if the
performance period is at least 12 consecutive months and the performance
criteria are defined in writing no later than 90 days after the
commencement of the period of service to which the criteria relates,
a
deferral election may be made on or before the date that is six months
before the end of the performance period, provided (i) the Participant
performs services continuously from the later of the beginning of
the
performance period or the date the performance criteria are established
through the date a deferral election is made; and (ii) the award
of
Performance Shares has not become readily ascertainable. At the same
time
the Participant makes an election to defer receipt of a Performance
Shares
award, he shall also make an election to receive such Performance
Shares
in either a single distribution or in annual installments over such
years
as the Participant shall then
specify.
|
|
2.
|
In
the event a Participant has elected to defer receipt of all or
any portion of his award of Performance Shares under a Plan until
a
specified year, payment shall be made or commence on the first day
of such
calendar year.
|
|
3.
|
In
the event a Participant has elected to defer receipt of all or
any portion of his award of Performance Shares under a Plan until
his
termination of employment, payment shall be made or commence on the
first
day of the month immediately following his termination date.
|
|
4.
|
In
the event that any deferred amount becomes payable due to the
Participant’s termination of employment (other than on account of death)
and such Participant is a Specified Employee, as determined under
Code
Section 409A and the regulations promulgated thereunder, payment
of any
deferred amount that is otherwise scheduled to be or to begin to
be
distributed shall be made or commence on the first day of the seventh
month immediately following the Participant’s termination of employment if
such date is later than the date such deferred amount would otherwise
be
paid or commence to be paid.
|
|
5.
|
In
the event of the death during the deferral period of a
Participant who has made a deferral election, the unpaid balance
of the
deferred amount owing to such Participant at the time of death shall
be
distributed to the Participant’s estate on the first day of the month
immediately following the date of the Participant’s death, irrespective of
whether or not the deferral period elected has
expired.
|
|
6.
|
In
all cases in which a deferred amount is payable upon a fixed
date, payment is deemed to be made upon the fixed date if the payment
is
made at such date or a later date within the same calendar year or,
if
later, by the 15
th
day of the third calendar month following
the specified date. In addition, a payment is treated as made upon
the
date specified under the Plan if the payment is made no earlier than
30
days before the designated payment date. In no event shall the Participant
be permitted, directly or indirectly, to designate the taxable year
of the
payment.
|
|
7.
|
In
the event the Company elects to permit participants to change an
election with respect to the time and/or manner of payment of a previously
deferred award of Performance Shares, such change shall be filed
with the
Committee no later than December 31,
2007.
|
|
8.
|
The
Committee shall have no discretion with respect to the timing
and/or manner of payment of any deferred
amount.
|
|
1.
|
Any
election to defer receipt of all or part of an award of
Performance Shares must be made no later than the close of the Company’s
taxable year immediately preceding the first taxable year of the
Company
in which any services are performed for which such Performance Share
award
is payable; however, a newly eligible participant may make an election
within 30 days after the date he first becomes eligible to participate
in
the performance program, but only with respect to the portion of
the
Performance Shares award attributable to services performed after
the date
of his deferral election. Notwithstanding the foregoing, if the
performance period is at least 12 consecutive months and the performance
criteria are defined in writing no later than 90 days after the
commencement of the period of service to which the criteria relates,
a
deferral election may be made on or before the date that is six months
before the end of the performance period, provided (i) the Participant
performs services continuously from the later of the beginning of
the
performance period or the date the performance criteria are established
through the date a deferral election is made; and (ii) the award
of
Performance Shares has not become readily ascertainable. At the same
time
the Participant makes an election to defer receipt of a Performance
Shares
award, he shall also make an election to receive such Performance
Shares
in either a single distribution or in annual installments over such
years
as the Participant shall then
specify.
|
|
2.
|
In
the event a Participant has elected to defer receipt of all or
any portion of his award of Performance Shares under a Plan until
a
specified year, payment shall be made or commence on the first day
of such
calendar year.
|
|
3.
|
In
the event a Participant has elected to defer receipt of all or
any portion of his award of Performance Shares under a Plan until
his
termination of employment, payment shall be made or commence on the
first
day of the month immediately following his termination date.
|
|
4.
|
In
the event that any deferred amount becomes payable due to the
Participant’s termination of employment (other than on account of death)
and such Participant is a Specified Employee, as determined under
Code
Section 409A and the regulations promulgated thereunder, payment
of any
deferred amount that is otherwise scheduled to be or to begin to
be
distributed shall be made or commence on the first day of the seventh
month immediately following the Participant’s termination of employment if
such date is later than the date such deferred amount would otherwise
be
paid or commence to be paid.
|
|
5.
|
In
the event of the death during the deferral period of a
Participant who has made a deferral election, the unpaid balance
of the
deferred amount owing to such Participant at the time of death shall
be
distributed to the Participant’s estate on the first day of the month
immediately following the date of the Participant’s death, irrespective of
whether or not the deferral period elected has
expired.
|
|
6.
|
In
all cases in which a deferred amount is payable upon a fixed
date, payment is deemed to be made upon the fixed date if the payment
is
made at such date or a later date within the same calendar year or,
if
later, by the 15
th
day of the third calendar month following
the specified date. In addition, a payment is treated as made upon
the
date specified under the Plan if the payment is made no earlier than
30
days before the designated payment date. In no event shall the Participant
be permitted, directly or indirectly, to designate the taxable year
of the
payment.
|
|
7.
|
In
the event the Company elects to permit participants to change an
election with respect to the time and/or manner of payment of a previously
deferred award of Performance Shares, such change shall be filed
with the
Committee no later than December 31,
2007.
|
|
8.
|
The
Committee shall have no discretion with respect to the timing
and/or manner of payment of any deferred
amount.
|
FILE:
|
______
PERFORMANCE SHARES PROGRAM
AWARD
|
SUBJECT:
|
Acceptance
of
Award
|
|
|
|
Date
|
|
|
|
|
|
|
|
|
|
|
Signature
|
|
For
the Compensation
Committee
|
TO:
|
____________________
|
FROM:
|
Compensation
and Human Resources
Committee (the "Committee")
|
DATE:
|
______________
|
FILE:
|
2006
Incentive Shares Plan (the
"Plan")
|
RE:
|
Award
of Restricted
Shares
|
|
__________________________________
|
|
For
the
Committee
|
|
Acknowledgment
|
|
Dated
_______________________,
200__
|
|
__________________________________
|
|
Awardee
|
YEAR
ENDED SEPTEMBER
30,
|
||||||||||||||||
|
2003
|
2004
|
2005
|
2006
|
2007
|
|||||||||||
Earnings: | ||||||||||||||||
Earnings
before income taxes (a)
|
$
|
1,452
|
1,893
|
2,200
|
2,749
|
3,178
|
||||||||||
Fixed
charges
|
322
|
311
|
323
|
313
|
361
|
|||||||||||
Earnings,
as defined
|
$
|
1,774
|
2,204
|
2,523
|
3,062
|
3,539
|
||||||||||
Fixed
Charges:
|
||||||||||||||||
Interest
expense
|
$
|
246
|
234
|
243
|
225
|
261
|
||||||||||
One-third
of all rents
|
76
|
77
|
80
|
88
|
100
|
|||||||||||
Total
fixed charges
|
$
|
322
|
311
|
323
|
313
|
361
|
||||||||||
|
|
|
|
|
|
|||||||||||
Ratio
of Earnings to Fixed Charges
|
5.5
x
|
7.1
x
|
7.8
x
|
9.8
x
|
9.8
x
|
(a) |
Represents earnings
from continuing operations before income taxes, cumulative
effect of
change in accounting principle and minority interests in the
income of
consolidated subsidiaries with fixed
charges.
|
/s/ David N. Farr | /s/ Walter J. Galvin | ||
David N. Farr |
Walter
J. Galvin
|
||
Chairman
of the Board, Chief Executive Officer, and President
|
Senior Executive Vice President and Chief Financial Officer | ||
|
|
|
|
CHANGE
|
|
|
CHANGE
|
|
||||||||
|
|
|
2005
|
|
|
2006
|
|
|
2007
|
|
|
'05
- '06
|
|
|
'06
- '07
|
|
Net
sales
|
$
|
17,305
|
20,133
|
22,572
|
16
|
%
|
12
|
%
|
||||||||
Gross
profit
|
$
|
6,183
|
7,168
|
8,111
|
16
|
%
|
13
|
%
|
||||||||
Percent
of sales
|
35.7
|
%
|
35.6
|
%
|
35.9
|
%
|
|
|||||||||
SG&A
|
$
|
3,595
|
4,099
|
4,593
|
||||||||||||
Percent
of sales
|
20.7
|
%
|
20.4
|
%
|
20.3
|
%
|
|
|||||||||
Other
deductions, net
|
$
|
230
|
178
|
183
|
||||||||||||
Interest
expense, net
|
$
|
209
|
207
|
228
|
||||||||||||
Earnings
before income taxes
|
$
|
2,149
|
2,684
|
3,107
|
25
|
%
|
16
|
%
|
||||||||
Net
earnings
|
$
|
1,422
|
1,845
|
2,136
|
30
|
%
|
16
|
%
|
||||||||
Percent
of sales
|
8.2
|
%
|
9.2
|
%
|
9.5
|
%
|
|
|||||||||
Earnings
per share
|
$
|
1.70
|
2.24
|
2.66
|
32
|
%
|
19
|
%
|
||||||||
Return
on equity
|
19.4
|
%
|
23.7
|
%
|
25.2
|
%
|
||||||||||
Return
on total capital
|
15.5
|
%
|
18.4
|
%
|
20.1
|
%
|
|
|
|
|
|
|
|||||||||||
|
|
|
|
CHANGE
|
CHANGE
|
|||||||||||
(DOLLARS
IN MILLIONS)
|
2005
|
2006
|
2007
|
'05
- '06
|
'06
- '07
|
|||||||||||
Sales
|
$
|
4,200
|
4,875
|
5,699
|
16
|
%
|
17
|
%
|
||||||||
Earnings
|
$
|
671
|
878
|
1,066
|
31
|
%
|
21
|
%
|
||||||||
Margin
|
16.0
|
%
|
18.0
|
%
|
18.7
|
%
|
CHANGE
|
|
CHANGE
|
|
|||||||||||||
(DOLLARS
IN MILLIONS)
|
|
2005
|
|
2006
|
|
2007
|
|
'05
- '06
|
|
'06
- '07
|
||||||
Sales
|
$
|
3,242
|
3,767
|
4,269
|
16
|
%
|
13
|
%
|
||||||||
Earnings
|
$
|
464
|
569
|
665
|
23
|
%
|
17
|
%
|
||||||||
Margin
|
14.3
|
%
|
15.1
|
%
|
15.6
|
%
|
|
|
|
|
|
|
CHANGE
|
|
CHANGE
|
|
|||||||
(DOLLARS
IN MILLIONS)
|
|
2005
|
|
2006
|
|
2007
|
|
'05
- '06
|
|
'06
- '07
|
||||||
Sales
|
$
|
3,317
|
4,350
|
5,150
|
31
|
%
|
18
|
%
|
||||||||
Earnings
|
$
|
373
|
484
|
645
|
30
|
%
|
33
|
%
|
||||||||
Margin
|
11.2
|
%
|
11.1
|
%
|
12.5
|
%
|
|
CHANGE
|
CHANGE
|
||||||||||||||
(DOLLARS
IN MILLIONS)
|
2005
|
2006
|
2007
|
'05
- '06
|
'06
- '07
|
|||||||||||
Sales
|
$
|
3,041
|
3,424
|
3,614
|
13
|
%
|
6
|
%
|
||||||||
Earnings
|
$
|
453
|
523
|
538
|
15
|
%
|
3
|
%
|
||||||||
Margin
|
14.9
|
%
|
15.3
|
%
|
14.9
|
%
|
|
|
|
|
|||||||||||||
|
|
|
|
|
|
|
|
CHANGE
|
|
CHANGE
|
||||||
(DOLLARS
IN MILLIONS)
|
2005
|
|
2006
|
|
2007
|
|
'05
- '06
|
|
'06
- '07
|
|||||||
Sales
|
$
|
4,008
|
4,313
|
4,447
|
8
|
%
|
3
|
%
|
||||||||
Earnings
|
$
|
534
|
550
|
578
|
3
|
%
|
5
|
%
|
||||||||
Margin
|
13.3
|
%
|
12.8
|
%
|
13.0
|
%
|
(DOLLARS
IN MILLIONS)
|
2005
|
|
2006
|
|
2007
|
|||||
Operating
Cash Flow
|
$
|
2,187
|
2,512
|
3,016
|
||||||
Percent
of sales
|
12.6
|
%
|
12.5
|
%
|
13.4
|
%
|
||||
Capital
Expenditures
|
$
|
518
|
601
|
681
|
||||||
Percent
of sales
|
3.0
|
%
|
3.0
|
%
|
3.0
|
%
|
||||
Free
Cash Flow (Operating Cash Flow Less Capital
Expenditures)
|
$
|
1,669
|
1,911
|
2,335
|
||||||
Percent
of sales
|
9.6
|
%
|
9.5
|
%
|
10.3
|
%
|
||||
Operating
Working Capital
|
$
|
1,643
|
2,044
|
1,915
|
||||||
Percent
of sales
|
9.5
|
%
|
10.1
|
%
|
8.5
|
%
|
(DOLLARS
IN MILLIONS)
|
2005
|
|
2006
|
|
2007
|
|||||
Total
Assets
|
$
|
17,227
|
18,672
|
19,680
|
||||||
Long-term
Debt
|
$
|
3,128
|
3,128
|
3,372
|
||||||
Stockholders’
Equity
|
$
|
7,400
|
8,154
|
8,772
|
||||||
Total
Debt-to-Capital Ratio
|
35.6
|
%
|
33.1
|
%
|
30.1
|
%
|
||||
Net
Debt-to-Net Capital Ratio
|
27.7
|
%
|
28.1
|
%
|
23.6
|
%
|
||||
Operating
Cash Flow-to-Debt Ratio
|
53.4
|
%
|
62.4
|
%
|
79.9
|
%
|
||||
Interest
Coverage Ratio
|
9.8
|
12.9
|
12.9
|
PAYMENTS
DUE BY PERIOD
|
||||||||||||||||
LESS
THAN
|
|
|
|
|
MORE
THAN
|
|||||||||||
(DOLLARS
IN MILLIONS)
|
TOTAL
|
|
1
YEAR
|
|
1-3
YEARS
|
|
3-5
YEARS
|
|
5
YEARS
|
|||||||
Long-term
Debt
|
$
|
3,623
|
251
|
1,074
|
287
|
2,011
|
||||||||||
Operating
Leases
|
558
|
163
|
195
|
98
|
102
|
|||||||||||
Purchase
Obligations
|
1,720
|
1,156
|
387
|
177
|
-
|
|||||||||||
Total
|
$
|
5,901
|
1,570
|
1,656
|
562
|
2,113
|
2005
|
|
2006
|
|
2007
|
|
|||||
Net
sales
|
$
|
17,305
|
20,133
|
22,572
|
||||||
Costs
and expenses:
|
||||||||||
Cost
of sales
|
11,122
|
12,965
|
14,461
|
|||||||
Selling,
general and administrative expenses
|
3,595
|
4,099
|
4,593
|
|||||||
Other
deductions, net
|
230
|
178
|
183
|
|||||||
Interest
expense (net of interest income: 2005, $34; 2006, $18; 2007,
$33)
|
209
|
207
|
228
|
|||||||
Earnings
before income taxes
|
2,149
|
2,684
|
3,107
|
|||||||
Income
taxes
|
727
|
839
|
971
|
|||||||
Net
earnings
|
$
|
1,422
|
1,845
|
2,136
|
||||||
Basic
earnings per common share
|
$
|
1.71
|
2.26
|
2.69
|
||||||
Diluted
earnings per common share
|
$
|
1.70
|
2.24
|
2.66
|
ASSETS
|
2006
|
|
2007
|
||||
Current
assets
|
|||||||
Cash
and equivalents
|
$
|
810
|
1,008
|
||||
Receivables,
less allowances of $74 in 2006 and $86 in 2007
|
3,716
|
4,260
|
|||||
Inventories:
|
|||||||
Finished
products
|
887
|
884
|
|||||
Raw
materials and work in process
|
1,335
|
1,343
|
|||||
Total
inventories
|
2,222
|
2,227
|
|||||
Other
current assets
|
582
|
570
|
|||||
Total
current assets
|
7,330
|
8,065
|
|||||
Property,
plant and equipment
|
|||||||
Land
|
188
|
199
|
|||||
Buildings
|
1,536
|
1,683
|
|||||
Machinery
and equipment
|
5,811
|
6,138
|
|||||
Construction
in progress
|
354
|
414
|
|||||
7,889
|
8,434
|
||||||
Less
accumulated depreciation
|
4,669
|
5,003
|
|||||
Property,
plant and equipment, net
|
3,220
|
3,431
|
|||||
Other
assets
|
|||||||
Goodwill
|
6,013
|
6,412
|
|||||
Other
|
2,109
|
1,772
|
|||||
Total
other assets
|
8,122
|
8,184
|
|||||
$
|
18,672
|
19,680
|
LIABILITIES
AND STOCKHOLDERS’ EQUITY
|
2006
|
|
2007
|
||||
Current
liabilities
|
|||||||
Short-term
borrowings and current maturities of long-term debt
|
$
|
898
|
404
|
||||
Accounts
payable
|
2,305
|
2,501
|
|||||
Accrued
expenses
|
1,933
|
2,337
|
|||||
Income
taxes
|
238
|
304
|
|||||
Total
current liabilities
|
5,374
|
5,546
|
|||||
Long-term
debt
|
3,128
|
3,372
|
|||||
Other
liabilities
|
2,016
|
1,990
|
|||||
Stockholders’
equity
|
|||||||
Preferred
stock of $2.50 par value per share
|
|||||||
Authorized
5,400,000 shares; issued - none
|
—
|
—
|
|||||
Common
stock of $0.50 par value per share
|
|||||||
Authorized
1,200,000,000 shares; issued 953,354,012 shares; outstanding 804,693,798
shares
in
2006 and 788,434,076 shares in 2007
|
238
|
477
|
|||||
Additional
paid-in capital
|
161
|
31
|
|||||
Retained
earnings
|
11,314
|
12,536
|
|||||
Accumulated
other comprehensive income
|
306
|
382
|
|||||
12,019
|
13,426
|
||||||
Less
cost of common stock in treasury, 148,660,214 shares in 2006 and
164,919,936 shares in 2007
|
3,865
|
4,654
|
|||||
Total
stockholders’ equity
|
8,154
|
8,772
|
|||||
$
|
18,672
|
19,680
|
|
2005
|
|
2006
|
|
2007
|
|||||
Common
stock
|
||||||||||
Beginning
balance
|
$
|
238
|
238
|
238
|
||||||
Adjustment
for stock split
|
-
|
-
|
239
|
|||||||
Ending
balance
|
238
|
238
|
477
|
|||||||
Additional
paid-in capital
|
||||||||||
Beginning
balance
|
87
|
120
|
161
|
|||||||
Stock
plans and other
|
33
|
41
|
31
|
|||||||
Adjustment
for stock split
|
-
|
-
|
(161
|
)
|
||||||
Ending
balance
|
120
|
161
|
31
|
|||||||
Retained
earnings
|
||||||||||
Beginning
balance
|
9,471
|
10,199
|
11,314
|
|||||||
Net
earnings
|
1,422
|
1,845
|
2,136
|
|||||||
Cash
dividends (per share: 2005, $0.83; 2006, $0.89; 2007,
$1.05)
|
(694
|
)
|
(730
|
)
|
(837
|
)
|
||||
Adjustment
for stock split
|
-
|
-
|
(77
|
)
|
||||||
Ending
balance
|
10,199
|
11,314
|
12,536
|
|||||||
Accumulated
other comprehensive income
|
||||||||||
Beginning
balance
|
(88
|
)
|
(65
|
)
|
306
|
|||||
Foreign
currency translation
|
11
|
175
|
459
|
|||||||
Minimum
pension liability (net of tax of: 2005, $10; 2006, $(71); 2007,
$(1))
|
(18
|
)
|
121
|
2
|
||||||
Cash
flow hedges and other (net of tax of: 2005, $(17); 2006, $(43);
2007,
$29)
|
30
|
75
|
(56
|
)
|
||||||
Adjustment
for adoption of FAS 158 (net of tax of: 2007, $193)
|
-
|
-
|
(329
|
)
|
||||||
Ending
balance
|
(65
|
)
|
306
|
382
|
||||||
Treasury
stock
|
||||||||||
Beginning
balance
|
(2,470
|
)
|
(3,092
|
)
|
(3,865
|
)
|
||||
Acquired
|
(671
|
)
|
(871
|
)
|
(849
|
)
|
||||
Issued
under stock plans and other
|
49
|
98
|
60
|
|||||||
Ending
balance
|
(3,092
|
)
|
(3,865
|
)
|
(4,654
|
)
|
||||
Total
stockholders’ equity
|
$
|
7,400
|
8,154
|
8,772
|
||||||
Comprehensive
income
|
Net
earnings
|
$
|
1,422
|
1,845
|
2,136
|
||||||
Foreign
currency translation
|
11
|
175
|
459
|
|||||||
Minimum
pension liability
|
(18
|
)
|
121
|
2
|
||||||
Cash
flow hedges and other
|
30
|
75
|
(56
|
)
|
||||||
Total
|
$
|
1,445
|
2,216
|
2,541
|
2005
|
|
2006
|
|
2007
|
||||||
Operating
activities
|
||||||||||
Net
earnings
|
$
|
1,422
|
1,845
|
2,136
|
||||||
Adjustments
to reconcile net earnings to net cash provided by operating
activities:
|
||||||||||
Depreciation
and amortization
|
562
|
607
|
656
|
|||||||
Changes
in operating working capital
|
110
|
(152
|
)
|
137
|
||||||
Pension
funding
|
(124
|
)
|
(124
|
)
|
(136
|
)
|
||||
Other
|
217
|
336
|
223
|
|||||||
Net
cash provided by operating activities
|
2,187
|
2,512
|
3,016
|
|||||||
Investing
activities
|
||||||||||
Capital
expenditures
|
(518
|
)
|
(601
|
)
|
(681
|
)
|
||||
Purchases
of businesses, net of cash and equivalents acquired
|
(366
|
)
|
(752
|
)
|
(295
|
)
|
||||
Other
|
(12
|
)
|
137
|
106
|
||||||
Net
cash used in investing activities
|
(896
|
)
|
(1,216
|
)
|
(870
|
)
|
||||
Financing
activities
|
||||||||||
Net
increase (decrease) in short-term borrowings
|
320
|
89
|
(800
|
)
|
||||||
Proceeds
from long-term debt
|
251
|
6
|
496
|
|||||||
Principal
payments on long-term debt
|
(625
|
)
|
(266
|
)
|
(5
|
)
|
||||
Dividends
paid
|
(694
|
)
|
(730
|
)
|
(837
|
)
|
||||
Purchases
of treasury stock
|
(668
|
)
|
(862
|
)
|
(853
|
)
|
||||
Other
|
15
|
32
|
5
|
|||||||
Net
cash used in financing activities
|
(1,401
|
)
|
(1,731
|
)
|
(1,994
|
)
|
||||
Effect
of exchange rate changes on cash and equivalents
|
(3
|
)
|
12
|
46
|
||||||
Increase
(decrease) in cash and equivalents
|
(113
|
)
|
(423
|
)
|
198
|
|||||
Beginning
cash and equivalents
|
1,346
|
1,233
|
810
|
|||||||
Ending
cash and equivalents
|
$
|
1,233
|
810
|
1,008
|
||||||
Changes
in operating working capital
|
||||||||||
Receivables
|
$
|
(261
|
)
|
(246
|
)
|
(349
|
)
|
|||
Inventories
|
8
|
(274
|
)
|
96
|
||||||
Other
current assets
|
(44
|
)
|
36
|
36
|
||||||
Accounts
payable
|
161
|
324
|
104
|
|||||||
Accrued
expenses
|
77
|
71
|
200
|
|||||||
Income
taxes
|
169
|
(63
|
)
|
50
|
||||||
|
$
|
110
|
(152
|
)
|
137
|
(SHARES
IN MILLIONS)
|
2005
|
|
2006
|
|
2007
|
|
||||
Basic
|
829.9
|
816.5
|
793.8
|
|||||||
Dilutive
shares
|
7.8
|
8.0
|
10.1
|
|||||||
Diluted
|
837.7
|
824.5
|
803.9
|
2005
|
2006
|
2007
|
||||||||
Rationalization
of operations
|
$
|
110
|
84
|
83
|
||||||
Amortization
of intangibles (intellectual property and customer
relationships)
|
28
|
47
|
63
|
|||||||
Other
|
118
|
115
|
111
|
|||||||
Gains,
net
|
(26
|
)
|
(68
|
)
|
(74
|
)
|
||||
Total
|
$
|
230
|
178
|
183
|
|
2006
|
EXPENSE
|
PAID
/ UTILIZED
|
2007
|
|||||||||
Severance
and benefits
|
$
|
31
|
40
|
43
|
28
|
||||||||
Lease/contract
terminations
|
12
|
4
|
8
|
8
|
|||||||||
Fixed
asset write-downs
|
-
|
2
|
2
|
-
|
|||||||||
Vacant
facility and other shutdown costs
|
1
|
8
|
8
|
1
|
|||||||||
Start-up
and moving costs
|
1
|
29
|
30
|
-
|
|||||||||
$
|
45
|
83
|
91
|
37
|
2005
|
EXPENSE
|
ACQUISITIONS
|
PAID
/ UTILIZED
|
2006
|
||||||||||||
Severance
and benefits
|
$
|
22
|
38
|
16
|
45
|
31
|
||||||||||
Lease/contract
terminations
|
11
|
5
|
4
|
8
|
12
|
|||||||||||
Fixed
asset write-downs
|
-
|
2
|
-
|
2
|
-
|
|||||||||||
Vacant
facility and other shutdown costs
|
-
|
9
|
-
|
8
|
1
|
|||||||||||
Start-up
and moving costs
|
-
|
30
|
-
|
29
|
1
|
|||||||||||
$
|
33
|
84
|
20
|
92
|
45
|
|
2005
|
|
2006
|
|
2007
|
|||||
Process
Management
|
$
|
20
|
14
|
15
|
||||||
Industrial
Automation
|
15
|
12
|
14
|
|||||||
Network
Power
|
35
|
19
|
23
|
|||||||
Climate
Technologies
|
15
|
14
|
9
|
|||||||
Appliance
and Tools
|
24
|
25
|
22
|
|||||||
Corporate
|
1
|
-
|
-
|
|||||||
Total
|
$
|
110
|
84
|
83
|
PROCESS
|
|
INDUSTRIAL
|
NETWORK
|
CLIMATE
|
APPLIANCE
|
||||||||||||||
MANAGEMENT
|
AUTOMATION
|
POWER
|
TECHNOLOGIES
|
AND
TOOLS
|
TOTAL
|
||||||||||||||
Balance,
September 30, 2005
|
$
|
1,699
|
997
|
1,780
|
380
|
623
|
5,479
|
||||||||||||
Acquisitions
|
58
|
27
|
351
|
25
|
20
|
481
|
|||||||||||||
Divestitures
|
(24
|
)
|
(3
|
)
|
(27
|
)
|
|||||||||||||
Impairment
|
(5
|
)
|
(5
|
)
|
|||||||||||||||
Foreign
currency translation and other
|
21
|
16
|
39
|
3
|
6
|
85
|
|||||||||||||
Balance,
September 30, 2006
|
$
|
1,778
|
1,016
|
2,162
|
408
|
649
|
6,013
|
||||||||||||
Acquisitions
|
146
|
1
|
26
|
3
|
13
|
189
|
|||||||||||||
Divestitures
|
(5
|
)
|
(5
|
)
|
|||||||||||||||
Impairment
|
(7
|
)
|
(7
|
)
|
|||||||||||||||
Foreign
currency translation and other
|
61
|
60
|
76
|
9
|
16
|
222
|
|||||||||||||
Balance,
September 30, 2007
|
$
|
1,985
|
1,070
|
2,259
|
420
|
678
|
6,412
|
GROSS
CARRYING AMOUNT
|
|
ACCUMULATED
AMORTIZATION
|
|
NET
CARRYING AMOUNT
|
|||||||||||||||
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
||||||||||||||
Intellectual
property and customer relationships
|
$
|
794
|
925
|
324
|
381
|
470
|
544
|
||||||||||||
Capitalized
software
|
647
|
729
|
484
|
558
|
163
|
171
|
|||||||||||||
$
|
1,441
|
1,654
|
808
|
939
|
633
|
715
|
2006
|
|
2007
|
|
||||||||||
|
|
NOTIONAL
|
|
FAIR
|
|
NOTIONAL
|
|
FAIR
|
|
||||
|
|
AMOUNT
|
|
VALUE
|
|
AMOUNT
|
|
VALUE
|
|
||||
Foreign
currency:
|
|||||||||||||
Forwards
|
$
|
1,310
|
11
|
1,922
|
35
|
||||||||
Options
|
$
|
4
|
-
|
266
|
2
|
||||||||
Interest
rate swaps
|
$
|
110
|
(4
|
)
|
113
|
(3
|
)
|
||||||
Commodity
contracts
|
$
|
457
|
130
|
509
|
45
|
2006
|
2007
|
||||||
Current
maturities of long-term debt
|
$
|
2
|
251
|
||||
Commercial
paper
|
819
|
113
|
|||||
Payable
to banks
|
28
|
19
|
|||||
Other
|
49
|
21
|
|||||
Total
|
$
|
898
|
404
|
||||
Weighted-average
short-term borrowing interest rate at year-end
|
4.9
|
%
|
3.2
|
%
|
2006
|
2007
|
||||||
5
1
/
2
%
notes due September 2008
|
$
|
250
|
250
|
||||
5%
notes due October 2008
|
175
|
175
|
|||||
5.85%
notes due March 2009
|
250
|
250
|
|||||
7
1
/
8
%
notes due August 2010
|
500
|
500
|
|||||
5.75%
notes due November 2011
|
250
|
250
|
|||||
4.625%
notes due October 2012
|
250
|
250
|
|||||
4
1
/
2
%
notes due May 2013
|
250
|
250
|
|||||
5
5
/
8
%
notes due November 2013
|
250
|
250
|
|||||
5%
notes due December 2014
|
250
|
250
|
|||||
4.75%
notes due October 2015
|
250
|
250
|
|||||
5.125%
notes due December 2016
|
-
|
250
|
|||||
5.375%
notes due October 2017
|
-
|
250
|
|||||
6%
notes due August 2032
|
250
|
250
|
|||||
Other
|
205
|
198
|
|||||
3,130
|
3,623
|
||||||
Less
current maturities
|
2
|
251
|
|||||
Total
|
$
|
3,128
|
3,372
|
U.S.
PLANS
|
NON-U.S.
PLANS
|
||||||||||||||||||
2005
|
2006
|
2007
|
2005
|
2006
|
2007
|
||||||||||||||
Defined
benefit plans:
|
|||||||||||||||||||
Service
cost (benefits earned during the period)
|
$
|
48
|
58
|
43
|
14
|
19
|
21
|
||||||||||||
Interest
cost
|
145
|
145
|
159
|
31
|
32
|
38
|
|||||||||||||
Expected
return on plan assets
|
(207
|
)
|
(202
|
)
|
(211
|
)
|
(27
|
)
|
(32
|
)
|
(38
|
)
|
|||||||
Net
amortization
|
64
|
100
|
87
|
13
|
16
|
11
|
|||||||||||||
Net
periodic pension expense
|
50
|
101
|
78
|
31
|
35
|
32
|
|||||||||||||
Defined
contribution and multiemployer plans
|
69
|
85
|
94
|
23
|
25
|
27
|
|||||||||||||
Total
retirement plan expense
|
$
|
119
|
186
|
172
|
54
|
60
|
59
|
U.S. PLANS
|
|
NON-U.S. PLANS
|
|
||||||||||
|
|
2006
|
|
2007
|
|
2006
|
2007
|
||||||
Projected
benefit obligation, beginning
|
$
|
2,747
|
2,464
|
707
|
711
|
||||||||
Service
cost
|
58
|
43
|
19
|
21
|
|||||||||
Interest
cost
|
145
|
159
|
32
|
38
|
|||||||||
Actuarial
loss (gain)
|
(386
|
)
|
127
|
(53
|
)
|
10
|
|||||||
Benefits
paid
|
(122
|
)
|
(129
|
)
|
(29
|
)
|
(36
|
)
|
|||||
Acquisitions/divestitures,
net
|
17
|
-
|
24
|
18
|
|||||||||
Foreign
currency translation and other
|
5
|
14
|
11
|
75
|
|||||||||
Projected
benefit obligation, ending
|
$
|
2,464
|
2,678
|
711
|
837
|
||||||||
Fair
value of plan assets, beginning
|
$
|
2,566
|
2,785
|
492
|
555
|
||||||||
Actual
return on plan assets
|
233
|
475
|
37
|
50
|
|||||||||
Employer
contributions
|
91
|
71
|
33
|
62
|
|||||||||
Benefits
paid
|
(122
|
)
|
(129
|
)
|
(29
|
)
|
(36
|
)
|
|||||
Acquisitions/divestitures,
net
|
16
|
-
|
18
|
1
|
|||||||||
Foreign
currency translation and other
|
1
|
2
|
4
|
58
|
|||||||||
Fair
value of plan assets, ending
|
$
|
2,785
|
3,204
|
555
|
690
|
||||||||
Plan
assets in excess of (less than) benefit obligation as of June
30
|
$
|
321
|
526
|
(156
|
)
|
(147
|
)
|
||||||
Unrecognized
net loss
|
564
|
-
|
179
|
-
|
|||||||||
Unrecognized
prior service cost (benefit)
|
10
|
-
|
(2
|
)
|
-
|
||||||||
Adjustment
for fourth quarter contributions
|
1
|
1
|
1
|
4
|
|||||||||
Net
amount recognized in the balance sheet
|
$
|
896
|
527
|
22
|
(143
|
)
|
|||||||
The
amounts recognized in the balance sheet as of September 30 consisted
of:
|
|||||||||||||
Noncurrent
asset
|
$
|
927
|
630
|
110
|
19
|
||||||||
Noncurrent
liability
|
$
|
(108
|
)
|
(103
|
)
|
(100
|
)
|
(162
|
)
|
||||
Accumulated
other comprehensive income
|
$
|
77
|
365
|
12
|
185
|
U.S. PLANS
|
|
NON-U.S. PLANS
|
|
||||||||||||||||
|
|
2005
|
|
2006
|
|
2007
|
|
2005
|
|
2006
|
|
2007
|
|||||||
Weighted-average
assumptions used to determine net pension expense:
|
|||||||||||||||||||
Discount
rate
|
6.25
|
%
|
5.25
|
%
|
6.50
|
%
|
5.4
|
%
|
4.7
|
%
|
4.9
|
%
|
|||||||
Expected
return on plan assets
|
8.50
|
%
|
8.00
|
%
|
8.00
|
%
|
7.4
|
%
|
7.2
|
%
|
7.2
|
%
|
|||||||
Rate
of compensation increase
|
3.25
|
%
|
3.00
|
%
|
3.25
|
%
|
3.1
|
%
|
3.0
|
%
|
3.1
|
%
|
|||||||
Weighted-average
assumptions used to determine benefit obligations as of June
30:
|
|||||||||||||||||||
Discount
rate
|
5.25
|
%
|
6.50
|
%
|
6.25
|
%
|
4.7
|
%
|
4.9
|
%
|
5.3
|
%
|
|||||||
Rate
of compensation increase
|
3.00
|
%
|
3.25
|
%
|
3.25
|
%
|
3.0
|
%
|
3.1
|
%
|
3.5
|
%
|
|
|
U.S. PLANS
|
|
NON-U.S. PLANS
|
|
||||||||||||||
|
|
2006
|
|
2007
|
|
TARGET
|
|
2006
|
|
2007
|
|
TARGET
|
|||||||
Asset
category
|
|||||||||||||||||||
Equity
securities
|
68
|
%
|
67
|
%
|
65-69
|
%
|
55
|
%
|
57
|
%
|
50-60
|
%
|
|||||||
Debt
securities
|
28
|
%
|
28
|
%
|
26-30
|
%
|
36
|
%
|
36
|
%
|
30-40
|
%
|
|||||||
Other
|
4
|
%
|
5
|
%
|
3-7
|
%
|
9
|
%
|
7
|
%
|
5-10
|
%
|
|||||||
100
|
%
|
100
|
%
|
100
|
%
|
100
|
%
|
100
|
%
|
100
|
%
|
2005
|
|
2006
|
|
2007
|
||||||
Service
cost
|
$
|
6
|
5
|
6
|
||||||
Interest
cost
|
27
|
26
|
29
|
|||||||
Net
amortization
|
21
|
32
|
26
|
|||||||
Net
postretirement
|
$
|
54
|
63
|
61
|
2006
|
|
2007
|
|||||
Benefit
obligation, beginning
|
$
|
502
|
516
|
||||
Service
cost
|
5
|
6
|
|||||
Interest
cost
|
26
|
29
|
|||||
Actuarial
loss (gain)
|
16
|
(16
|
)
|
||||
Benefits
paid
|
(39
|
)
|
(37
|
)
|
|||
Acquisitions/divestitures
and other
|
6
|
3
|
|||||
Benefit
obligation, ending
|
516
|
501
|
|||||
Unrecognized
net loss
|
(102
|
)
|
-
|
||||
Unrecognized
prior service benefit
|
6
|
-
|
|||||
Postretirement
benefit liability recognized in the balance sheet
|
$
|
420
|
501
|
2005
|
2006
|
2007
|
||||||||
United
States
|
$
|
1,157
|
1,518
|
1,550
|
||||||
Non-U.S.
|
992
|
1,166
|
1,557
|
|||||||
Earnings
before income taxes
|
$
|
2,149
|
2,684
|
3,107
|
2005
|
|
2006
|
|
2007
|
||||||
Current:
|
||||||||||
Federal
|
$
|
458
|
394
|
606
|
||||||
State
and local
|
42
|
57
|
58
|
|||||||
Non-U.S.
|
272
|
316
|
372
|
|||||||
Deferred:
|
||||||||||
Federal
|
(41
|
)
|
73
|
(4
|
)
|
|||||
State
and local
|
(7
|
)
|
8
|
(14
|
)
|
|||||
Non-U.S.
|
3
|
(9
|
)
|
(47
|
)
|
|||||
Income
tax expense
|
$
|
727
|
839
|
971
|
2005
|
|
2006
|
|
2007
|
||||||
Federal
corporate statutory rate
|
35.0
|
%
|
35.0
|
%
|
35.0
|
%
|
||||
State
and local taxes, less federal tax benefit
|
1.0
|
1.6
|
0.9
|
|||||||
Non-U.S.
rate differential
|
(3.2
|
)
|
(3.4
|
)
|
(4.1
|
)
|
||||
Non-U.S.
tax holidays
|
(1.6
|
)
|
(1.6
|
)
|
(1.3
|
)
|
||||
Export
benefit
|
(1.1
|
)
|
(0.8
|
)
|
(0.2
|
)
|
||||
U.S.
manufacturing deduction
|
-
|
(0.4
|
)
|
(0.4
|
)
|
|||||
Repatriation
- American Jobs Creation Act
|
3.0
|
-
|
-
|
|||||||
Other
|
0.7
|
0.9
|
1.4
|
|||||||
Effective
income tax rate
|
33.8
|
%
|
31.3
|
%
|
31.3
|
%
|
2006
|
|
2007
|
|||||
Deferred
tax assets:
|
|||||||
Accrued
liabilities
|
$
|
218
|
195
|
||||
Employee
compensation and benefits
|
124
|
193
|
|||||
Postretirement
and postemployment benefits
|
160
|
174
|
|||||
NOL
and tax credits
|
254
|
261
|
|||||
Capital
loss benefit
|
30
|
47
|
|||||
Other
|
126
|
110
|
|||||
Total
|
$
|
912
|
980
|
||||
Valuation
allowance
|
$
|
(183
|
)
|
(166
|
)
|
||
Deferred
tax liabilities:
|
|||||||
Intangibles
|
$
|
(346
|
)
|
(413
|
)
|
||
Property,
plant and equipment
|
(266
|
)
|
(244
|
)
|
|||
Pension
|
(308
|
)
|
(121
|
)
|
|||
Leveraged
leases
|
(110
|
)
|
(96
|
)
|
|||
Other
|
(92
|
)
|
(105
|
)
|
|||
Total
|
$
|
(1,122
|
)
|
(979
|
)
|
||
Net
deferred income tax liability
|
$
|
(393
|
)
|
(165
|
)
|
|
|
|
|
|
|
|
|
||||||
|
|
AVERAGE
|
|
|
|
TOTAL
|
|
AVERAGE
|
|
||||
EXERCISE
|
INTRINSIC
|
REMAINING
|
|||||||||||
PRICE
|
|
VALUE
|
CONTRACTUAL
|
||||||||||
(SHARES IN THOUSANDS) |
PER
SHARE
|
SHARES
|
OF
AWARDS
|
LIFE
|
|||||||||
Beginning
of year
|
$
|
28.64
|
15,807
|
||||||||||
Options
granted
|
$
|
43.09
|
930
|
||||||||||
Options
exercised
|
$
|
27.34
|
(2,882
|
)
|
|||||||||
Options
canceled
|
$
|
35.73
|
(185
|
)
|
|||||||||
End
of year
|
$
|
29.80
|
13,670
|
$
|
321
|
5.0
|
|||||||
Exercisable
at year-end
|
$
|
27.87
|
10,729
|
$
|
272
|
4.1
|
AVERAGE
GRANT DATE
|
|
||||||
(SHARES
IN THOUSANDS)
|
|
SHARES
|
|
FAIR
VALUE
PER
SHARE
|
|||
Beginning
of year
|
6,797
|
$
|
31.23
|
||||
Granted
|
5,180
|
$
|
42.00
|
||||
Earned/vested
|
(115
|
)
|
$
|
23.83
|
|||
Canceled
|
(219
|
)
|
$
|
38.36
|
|||
End
of year
|
11,643
|
$
|
35.99
|
SALES
|
EARNINGS
|
TOTAL
ASSETS
|
||||||||||||||||||||||||||
2005
|
|
2006
|
2007
|
2005
|
2006
|
2007
|
2005
|
2006
|
2007
|
|||||||||||||||||||
Process
Management
|
$
|
4,200
|
4,875
|
5,699
|
671
|
878
|
1,066
|
3,894
|
4,146
|
4,902
|
||||||||||||||||||
Industrial
Automation
|
3,242
|
3,767
|
4,269
|
464
|
569
|
665
|
2,698
|
2,941
|
3,141
|
|||||||||||||||||||
Network
Power
|
3,317
|
4,350
|
5,150
|
373
|
484
|
645
|
3,379
|
4,436
|
4,758
|
|||||||||||||||||||
Climate
Technologies
|
3,041
|
3,424
|
3,614
|
453
|
523
|
538
|
1,956
|
2,129
|
2,156
|
|||||||||||||||||||
Appliance
and Tools
|
4,008
|
4,313
|
4,447
|
534
|
550
|
578
|
2,526
|
2,670
|
2,630
|
|||||||||||||||||||
|
17,808
|
20,729
|
23,179
|
2,495
|
3,004
|
3,492
|
14,453
|
16,322
|
17,587
|
|||||||||||||||||||
Differences
in accounting methods
|
145
|
176
|
210
|
|||||||||||||||||||||||||
Corporate
and other (a)
|
(282
|
)
|
(289
|
)
|
(367
|
)
|
2,774
|
2,350
|
2,093
|
|||||||||||||||||||
Sales
eliminations / Interest
|
(503
|
)
|
(596
|
)
|
(607
|
)
|
(209
|
)
|
(207
|
)
|
(228
|
)
|
||||||||||||||||
Total
|
$
|
17,305
|
20,133
|
22,572
|
2,149
|
2,684
|
3,107
|
17,227
|
18,672
|
19,680
|
|
|
|
|
|
|
DEPRECIATION
AND
|
|
|
|
|
|
|
|
|||||||||||||||
|
|
INTERSEGMENT
SALES
|
|
AMORTIZATION
EXPENSE
|
CAPITAL
EXPENDITURES
|
|
||||||||||||||||||||||
2005
|
|
2006
|
|
2007
|
|
2005
|
|
2006
|
|
2007
|
|
2005
|
|
2006
|
|
2007
|
|
|||||||||||
Process
Management
|
$
|
2
|
3
|
4
|
125
|
128
|
148
|
89
|
101
|
125
|
||||||||||||||||||
Industrial
Automation
|
19
|
21
|
28
|
95
|
100
|
104
|
68
|
87
|
107
|
|||||||||||||||||||
Network
Power
|
9
|
10
|
10
|
76
|
98
|
115
|
55
|
103
|
111
|
|||||||||||||||||||
Climate
Technologies
|
37
|
43
|
48
|
118
|
127
|
132
|
148
|
148
|
160
|
|||||||||||||||||||
Appliance
and Tools
|
436
|
519
|
517
|
134
|
137
|
140
|
136
|
149
|
131
|
|||||||||||||||||||
Corporate
and other
|
14
|
17
|
17
|
22
|
13
|
47
|
||||||||||||||||||||||
Total
|
$
|
503
|
596
|
607
|
562
|
607
|
656
|
518
|
601
|
681
|
SALES
BY DESTINATION
|
PROPERTY,
PLANT AND EQUIPMENT
|
||||||||||||||||||
2005
|
|
2006
|
2007
|
2005
|
2006
|
2007
|
|||||||||||||
United
States
|
$
|
9,126
|
10,588
|
10,930
|
1,919
|
1,963
|
1,998
|
||||||||||||
Europe
|
3,890
|
4,334
|
5,199
|
511
|
583
|
680
|
|||||||||||||
Asia
|
2,370
|
2,920
|
3,678
|
343
|
419
|
484
|
|||||||||||||
Latin
America
|
670
|
857
|
1,012
|
149
|
177
|
197
|
|||||||||||||
Other
regions
|
1,249
|
1,434
|
1,753
|
81
|
78
|
72
|
|||||||||||||
Total
|
$
|
17,305
|
20,133
|
22,572
|
3,003
|
3,220
|
3,431
|
2005
|
|
2006
|
|
2007
|
||||||
Depreciation
|
$
|
472
|
500
|
525
|
||||||
Research
and development
|
$
|
303
|
356
|
397
|
||||||
Rent
expense
|
$
|
241
|
263
|
300
|
2006
|
|
2007
|
|||||
Pension
plans
|
$
|
1,037
|
649
|
||||
Intellectual
property and customer relationships
|
470
|
544
|
|||||
Capitalized
software
|
163
|
171
|
|||||
Equity
and other investments
|
171
|
103
|
|||||
Leveraged
leases
|
109
|
100
|
|||||
Other
|
159
|
205
|
|||||
Total
|
$
|
2,109
|
1,772
|
2006
|
|
2007
|
|||||
Employee
compensation
|
$
|
518
|
563
|
||||
Product
warranty
|
$
|
206
|
197
|
2006
|
|
2007
|
|||||
Deferred
income taxes
|
$
|
724
|
519
|
||||
Postretirement
plans, excluding current portion
|
371
|
451
|
|||||
Retirement
plans
|
253
|
296
|
|||||
Minority
interest
|
176
|
191
|
|||||
Other
|
492
|
533
|
|||||
Total
|
$
|
2,016
|
1,990
|
FIRST
|
SECOND
|
THIRD
|
FOURTH
|
FISCAL
|
|||||||||||||||||||||||||||
QUARTER
|
QUARTER
|
QUARTER
|
QUARTER
|
YEAR
|
|||||||||||||||||||||||||||
2006
|
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
2006
|
2007
|
|||||||||||||||||||||
Net
sales
|
$
|
4,548
|
5,051
|
4,852
|
5,513
|
5,217
|
5,874
|
5,516
|
6,134
|
20,133
|
22,572
|
||||||||||||||||||||
Gross
profit
|
$
|
1,593
|
1,795
|
1,734
|
1,952
|
1,856
|
2,105
|
1,985
|
2,259
|
7,168
|
8,111
|
||||||||||||||||||||
Net
earnings
|
$
|
399
|
445
|
434
|
494
|
486
|
574
|
526
|
623
|
1,845
|
2,136
|
||||||||||||||||||||
Earnings
per common share:
|
|||||||||||||||||||||||||||||||
Basic
|
$
|
0.49
|
0.56
|
0.53
|
0.62
|
0.59
|
0.72
|
0.65
|
0.79
|
2.26
|
2.69
|
||||||||||||||||||||
Diluted
|
$
|
0.48
|
0.55
|
0.52
|
0.61
|
0.59
|
0.72
|
0.65
|
0.78
|
2.24
|
2.66
|
||||||||||||||||||||
Dividends
per common share
|
$
|
0.2225
|
0.2625
|
0.2225
|
0.2625
|
0.2225
|
0.2625
|
0.2225
|
0.2625
|
0.89
|
1.05
|
||||||||||||||||||||
Common
stock prices:
|
|||||||||||||||||||||||||||||||
High
|
$
|
38.70
|
44.52
|
42.84
|
45.80
|
43.74
|
49.11
|
42.03
|
53.37
|
43.74
|
53.37
|
||||||||||||||||||||
Low
|
$
|
33.97
|
41.11
|
37.54
|
42.11
|
39.31
|
41.85
|
38.08
|
45.42
|
33.97
|
41.11
|
LEGAL
NAME
|
JURISDICTION OF
INCORPORATION
|
||||||||
AIH,
Inc.
|
Delaware
|
||||||||
AIHL,
LLC
|
Delaware
|
||||||||
Alco
Controls S.A. de C.V.
|
Mexico
|
||||||||
Applied
Concepts, Inc.
|
Pennsylvania
|
||||||||
Woodstock
Land Company, LLC
|
Missouri
|
||||||||
Artesyn
Technologies, Inc.
|
Florida
|
||||||||
Artesyn
Communication Products, Inc.
|
Wisconsin
|
||||||||
Artesyn
Communication Products Scandinavia AB
|
Sweden
|
||||||||
Artesyn
Communication Products UK Ltd.
|
Scotland
|
||||||||
Spider
Software, Ltd.
|
Scotland
|
||||||||
Artesyn
Asset Management, Inc.
|
Delaware
|
||||||||
Artesyn
North America, Inc.
|
Delaware
|
||||||||
Artesyn
Cayman LP
|
Cayman
Islands
|
||||||||
Artesyn
International Ltd.
|
Cayman
Islands
|
||||||||
Artesyn
Ireland Ltd.
|
Cayman
Islands
|
||||||||
Artesyn
Technologies Asia Pacific, Ltd.
|
Hong
Kong
|
||||||||
Zhong
Shan Artesyn Technologies Electronics Co., Ltd.
|
China
|
||||||||
Artesyn
Netherlands B.V.
|
Netherlands
|
||||||||
Artesyn
UK, Ltd.
|
United
Kingdom
|
||||||||
Artesyn
France S.A.R.L.
|
France
|
||||||||
Artesyn
Holding GmbH
|
Austria
|
||||||||
Artesyn
Austria GmbH
|
Austria
|
||||||||
Artesyn
Austria GmbH & Co. KG
|
Austria
|
||||||||
Artesyn
Hungary Elektronikai kft
|
Hungary
|
||||||||
Artesyn
do Brasil Comercio de Produtos de Conversao de Energia
LTDA
|
Brazil
|
||||||||
Artesyn
Germany GmbH
|
Germany
|
||||||||
Artesyn
Elektronische Gerate Beteiligungs-und Verwaltungs GmbH
|
Germany
|
||||||||
Artesyn
GmbH & Co. KG
|
Germany
|
||||||||
Artesyn
Delaware, Inc.
|
Delaware
|
||||||||
Artesyn
Delaware LLC
|
Delaware
|
||||||||
Artesyn
Technologies Japan KK
|
Japan
|
||||||||
Astec
International Holdings Limited
|
United
Kingdom
|
||||||||
Astec
America Inc.
|
Delaware
|
||||||||
Astec
Electronics (Malaysia) Sdn Bhd
|
Malaysia
|
||||||||
Astec
Germany GmbH
|
Germany
|
||||||||
Astec
International Limited
|
Hong
Kong
|
||||||||
Astec
Advanced Power Systems Ltda.
|
Brazil
|
||||||||
Astec
Advanced Power Systems (Malaysia) Sdn Bhd
|
Malaysia
|
||||||||
Astec
Advanced Power Systems (Penang) Sdn Bhd
|
Malaysia
|
||||||||
Astec
Agencies Limited
|
Hong
Kong
|
||||||||
Astec
Custom Power (Hong Kong) Limited
|
Hong
Kong
|
||||||||
Astec
Custom Power (Philippines) Inc.
|
Philippines
|
||||||||
Astec
Custom Power (Singapore) Pte Ltd
|
Singapore
|
||||||||
Astec
Electronics Company Limited
|
China
|
||||||||
Astec
Electronics (Luoding) Company Ltd.
|
China
|
||||||||
Astec
Nanjing Design Engineering Company
|
China
|
||||||||
Astec
Power Supply (Shenzhen) Company Ltd.
|
China
|
||||||||
Astec
Power Inc.
|
BVI
|
||||||||
Astec
Power Philippines, Inc.
|
Philippines
|
||||||||
EMR
Holdings Limited
|
Japan
|
||||||||
Stourbridge
Holdings (U.K.) Limited
|
United
Kingdom
|
Astec
Midlands Limited
|
United Kingdom
|
|||||||
Mirroware
Manufacturing Limited
|
United
Kingdom
|
|||||||
Astec
Europe Ltd.
|
United
Kingdom
|
|||||||
Astec
International PLC
|
United
Kingdom
|
|||||||
B.B.I.,
S.A. de C.V.
|
Mexico
|
|||||||
Branson
Ultrasonic S.A.
|
Switzerland
|
|||||||
Bristol
Inc.
|
Delaware
|
|||||||
Bristol
Digital Systems Australasia Proprietary Limited
|
Australia
|
|||||||
Brooks
Instrument Canada (1967) Limited
|
Canada
|
|||||||
Buehler
Holdings LLC
|
Delaware
|
|||||||
California
Emerson LLC
|
Delaware
|
|||||||
ClosetMaid
Corporation
|
Florida
|
|||||||
Clairson,
Inc.
|
Delaware
|
|||||||
Clairson
de Mexico, S.A. de C.V.
|
Mexico
|
|||||||
ClosetMaid
(Hong Kong) Limited
|
Hong
Kong
|
|||||||
ClosetMaid
North America, Inc.
|
Delaware
|
|||||||
Compania
de Motores Domesticos S.A. de C.V.
|
Mexico
|
|||||||
Computational
Systems, Incorporated
|
Tennessee
|
|||||||
CSI
Technology, Inc.
|
Delaware
|
|||||||
Emerson
Process Management Distribution n.v.
|
Belgium
|
|||||||
Controles
Electromecanicos de Mexico S.A. de C.V.
|
Mexico
|
|||||||
Control
Techniques Iberia S.A.
|
Spain
|
|||||||
Cooligy
Inc.
|
Delaware
|
|||||||
Daniel
Industries, Inc.
|
Delaware
|
|||||||
Bettis
Corporation
|
Delaware
|
|||||||
Bettis
Canada Ltd.
|
Canada
|
|||||||
Bettis
France SARL
|
France
|
|||||||
Bettis
Holdings, Ltd.
|
United
Kingdom
|
|||||||
Bettis
UK Ltd.
|
United
Kingdom
|
|||||||
Prime
Actuator Control Systems Limited
|
United
Kingdom
|
|||||||
Prime
Actuator Control Systems UK Ltd.
|
United
Kingdom
|
|||||||
Dantorque
A/S
|
Denmark
|
|||||||
Hytork
Controls, Inc.
|
Delaware
|
|||||||
Shafer
Valve Company
|
Ohio
|
|||||||
Daniel
Automation Company
|
Delaware
|
|||||||
Daniel
Industrial, Inc.
|
Delaware
|
|||||||
Daniel
En-Fab Systems, Inc.
|
Delaware
|
|||||||
Daniel
International Limited
|
United
Kingdom
|
|||||||
Daniel
Europe Limited
|
United
Kingdom
|
|||||||
Daniel
Industries Limited
|
United
Kingdom
|
|||||||
Spectra-Tek
Holdings Ltd.
|
United
Kingdom
|
|||||||
Spectra-Tek
UK Ltd.
|
United
Kingdom
|
|||||||
Spectra-Tek
International Limited
|
United
Kingdom
|
|||||||
Greenfield
(UK) Limited
|
United
Kingdom
|
|||||||
Daniel
Measurement and Control, Inc.
|
Delaware
|
|||||||
Daniel
Industries Canada Inc.
|
Canada
|
|||||||
Daniel
Measurement Services, Inc.
|
Delaware
|
|||||||
Metco
Services Limited
|
United
Kingdom
|
|||||||
Metco
Services Venezuela, C.A.
|
Venezuela
|
|||||||
Danmasa
S.A. de C.V.
|
Mexico
|
|||||||
Hytork
International Ltd.
|
United
Kingdom
|
|||||||
Hytork
Controls, Inc.
|
Florida
|
|||||||
Hytork
Controls Limited
|
United
Kingdom
|
|||||||
Hytork
LLC
|
Delaware
|
|||||||
Hytork
Services Limited
|
United
Kingdom
|
|||||||
DEAS
Holdings, Inc.
|
Delaware
|
|||||||
Decision
Management International, Inc.
|
Delaware
|
|||||||
Decision
Management International, Inc.
|
Florida
|
Do+Able
Products, Inc.
|
California
|
|||||||
EDAS
(I) U.K. Limited
|
United Kingdom
|
|||||||
EDAS
(II) U.K. Limited
|
United
Kingdom
|
|||||||
EECO,
Inc.
|
Delaware
|
|||||||
Apple
JV Holding Corp.
|
Delaware
|
|||||||
EGS
Electrical Group LLC
|
Delaware
|
|||||||
Appleton
Electric LLC
|
Delaware
|
|||||||
Appleton
Electric, S.A. de C.V.
|
Mexico
|
|||||||
Appleton
Holding Corp.
|
Delaware
|
|||||||
EGS
Electrical Group Canada Ltd.
|
Canada
|
|||||||
Easy
Heat Ltd.
|
Canada
|
|||||||
EGS
Holding S.A.R.L.
|
France
|
|||||||
ATX
S.A.
|
France
|
|||||||
EGS
Private Ltd.
|
Singapore
|
|||||||
Easy
Heat, Inc.
|
Delaware
|
|||||||
GSEG
LLC
|
Delaware
|
|||||||
O-Z
Gedney Company LLC
|
Delaware
|
|||||||
Easy
Heat Holding B.V.
|
Netherlands
|
|||||||
Easy
Heat Europe B.V.
|
Netherlands
|
|||||||
Electrical
Reliability Services, Inc.
|
California
|
|||||||
El-O-Matic
USA, Inc.
|
Delaware
|
|||||||
Emerson
Climate Technologies, Inc.
|
Delaware
|
|||||||
Computer
Process Controls, Inc.
|
Georgia
|
|||||||
Emerson
Retail Services, Inc.
|
Delaware
|
|||||||
Clive
Samuels & Associates, Inc.
|
New
Jersey
|
|||||||
Emerson
Climate Services, LLC
|
Delaware
|
|||||||
Copeland
Access +, Inc.
|
Delaware
|
|||||||
Copeland
Corporation LLC
|
Delaware
|
|||||||
Copeland
de Mexico S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Climate Technologies (India) Limited
|
India
|
|||||||
CopelandBitzer
L.P.
|
Delaware
|
|||||||
CopelandBitzer
Management LLC
|
Delaware
|
|||||||
Copeland
Redevelopment Corporation
|
Missouri
|
|||||||
CR
Compressors LLC
|
Delaware
|
|||||||
Scroll
Compressors LLC
|
Delaware
|
|||||||
Emerson
Electric (U.S.) Holding Corporation
|
Delaware
|
|||||||
Automatic
Switch Company
|
Delaware
|
|||||||
ASC
Investments, Inc.
|
Delaware
|
|||||||
Asco
Controls A.G.
|
Switzerland
|
|||||||
Asco
Controls B.V.
|
Netherlands
|
|||||||
Asco
Mideast B.V.
|
Netherlands
|
|||||||
Asco
Magnesszelep Kft.
|
Hungary
|
|||||||
Asco/Joucomatic
sp. z.o.o.
|
Poland
|
|||||||
Asco/Joucomatic
s.r.o.
|
Czech
Republic
|
|||||||
Asco/Joucomatic
ZA BV
|
Netherlands
|
|||||||
Asco/Joucomatic
Sarl
|
Switzerland
|
|||||||
Asco
Electrical Products Co., Inc.
|
New
Jersey
|
|||||||
Ascomation
Pty. Ltd.
|
Australia
|
|||||||
Ascomation
New Zealand Ltd.
|
New
Zealand
|
|||||||
Asco
AB
|
Sweden
|
|||||||
ASCO
Japan Co., Ltd.
|
Japan
|
|||||||
Ascomatica
S.A. de C.V.
|
Mexico
|
|||||||
Asco
Services, Inc.
|
New
Jersey
|
|||||||
ASCO
Switch Enterprises LLC
|
Delaware
|
|||||||
ASCO
Power Technologies, L.P.
|
Delaware
|
|||||||
ASCO
Valve Enterprises LLC
|
Delaware
|
|||||||
ASCO
Valve, Inc.
|
Delaware
|
|||||||
ASCO
Controls, L.P.
|
Delaware
|
ASCO
Valve Manufacturing, LLC
|
Delaware
|
|||||||
Ascoval
Industria E Commercio Ltda.
|
Brazil
|
|||||||
Branson
Ultrasonics Corporation
|
Delaware
|
|||||||
Branson
Korea Co., Inc.
|
Korea
|
|||||||
Branson
Ultrasonidos S.A.E.
|
Spain
|
|||||||
Branson
Ultrasons S.A.S.
|
France
|
|||||||
Environmental
Mediation Management, LLC
|
Delaware
|
|||||||
Camco
Vertriebs-und Verwaltungs-GmbH
|
Germany
|
|||||||
Copeland
GmbH
|
Germany
|
|||||||
Copeland
Corporation Limited
|
United Kingdom
|
|||||||
Copeland
France S.A.
|
France
|
|||||||
Copeland
Italia S.a.R.l.
|
Italy
|
|||||||
Copeland
Iberica CIB S.A.
|
Spain
|
|||||||
Copeland
Refrigeration Europe S.A.
|
Belgium
|
|||||||
Copeland
S.A.
|
Belgium
|
|||||||
El-O-Matic
GmbH
|
Germany
|
|||||||
Emerson
Dietzenbach GmbH
|
Germany
|
|||||||
Emerson
Electric GmbH
|
Germany
|
|||||||
Emerson
Electric GmbH & Co. OHG
|
Germany
|
|||||||
Emerson
Electric Overseas Finance Corp.
|
Delaware
|
|||||||
Motores
U.S. de Mexico, S.A. de C.V.
|
Mexico
|
|||||||
U.S.E.M.
de Mexico S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Process Management GmbH
|
Germany
|
|||||||
Emerson
Process Management GmbH & Co. OHG
|
Germany
|
|||||||
Emerson
Process Management Ltda.
|
Brazil
|
|||||||
Emerson
Retail Services Europe GmbH
|
Germany
|
|||||||
Emerson
Technologies Verwaltungs GmbH
|
Germany
|
|||||||
Emerson
Technologies GmbH & Co.
|
Germany
|
|||||||
Emersub
LXXXIV, Inc.
|
Delaware
|
|||||||
Emerson
Process Management, S.A. de C.V.
|
Mexico
|
|||||||
Emersub
LXXXVI, Inc.
|
Delaware
|
|||||||
Marbaise
Hanlo LS GmbH
|
Germany
|
|||||||
Ridge
Tool GmbH
|
Germany
|
|||||||
Ridge
Tool GmbH & Co. OHG
|
Germany
|
|||||||
RIDGID
Peddinghaus Werkzeug GmbH
|
Germany
|
|||||||
Rosemount
Inc.
|
Minnesota
|
|||||||
Control
Techniques - Americas, Inc.
|
Delaware
|
|||||||
Control
Techniques - Americas LLC
|
Delaware
|
|||||||
Control
Techniques Drives Limited
|
Canada
|
|||||||
Fincor
Holding, LLC
|
Delaware
|
|||||||
Dieterich
Standard, Inc.
|
Delaware
|
|||||||
Emerson
Process Management AB
|
Sweden
|
|||||||
Emerson
Process Management AS
|
Norway
|
|||||||
Emerson
Process Management Holding AG
|
Switzerland
|
|||||||
Emerson
Process Management AG
|
Switzerland
|
|||||||
Emerson
Process Management Kft.
|
Hungary
|
|||||||
Emerson
Process Management sp. z.o.o.
|
Poland
|
|||||||
Emerson
Process Management Ticaret Limited Sirketi
|
Turkey
|
|||||||
Emerson
Process Management, s.r.o.
|
Czech Republic
|
|||||||
Emerson
Process Management, s.r.o.
|
Slovakia
|
|||||||
Emerson
Process Management AS
|
Denmark
|
|||||||
Fisher-Rosemount
Ges. M.B.H.
|
Austria
|
|||||||
FR
af 13.august 1999 A/S
|
Denmark
|
|||||||
Emerson
Process Management Power and Water Solutions Sp. z.o.o.
|
Poland
|
|||||||
Emerson
Process Management Asia Pacific Pte Ltd.
|
Singapore
|
|||||||
Emerson
Process Management Manufacturing (M) Sdn Bhd
|
Malaysia
|
|||||||
Emerson
Process Management (Shanghai) International Trading Co.
Ltd.
|
China
|
|||||||
Emerson
Process Management Valve Automation (M) Sdn Bhd
|
Malaysia
|
HSFR
Performance Services Pte Ltd.
|
Singapore
|
|||||||
Emerson
Process Management (India) Pvt. Ltd.
|
India
|
|||||||
Emerson
Process Management Korea Ltd.
|
Korea
|
|||||||
Emerson
Process Management, S.L.
|
Spain
|
|||||||
Emerson
Process Management Oy
|
Finland
|
|||||||
P
I
Components Corp.
|
Texas
|
|||||||
Rosemount
Analytical Inc.
|
Delaware
|
|||||||
Rosemount
China Inc.
|
Minnesota
|
|||||||
Rosemount
Nuclear Instruments, Inc.
|
Delaware
|
|||||||
Xomox
Uruguay S.A.
|
Uruguay
|
|||||||
Emerson
Power Transmission Corporation
|
Delaware
|
|||||||
Emerson
Chain, Inc.
|
Delaware
|
|||||||
Emerson
Power Transmission Drives and Components, Inc.
|
Delaware
|
|||||||
Emerson
Power Transmission Manufacturing
|
Missouri
|
|||||||
Emerson
Power Transmission Ithaca, Inc.
|
Delaware
|
|||||||
Rollway
Bearing International Ltd.
|
Delaware
|
|||||||
Lipe-Rollway
de Mexico, S.A. de C.V.
|
Mexico
|
|||||||
Lipe-Rollway
Deutschland GmbH
|
Germany
|
|||||||
Rollway
Bearing N.V.
|
Belgium
|
|||||||
EPT
Investments, Inc.
|
Delaware
|
|||||||
McGill
Manufacturing Company, Inc.
|
Indiana
|
|||||||
Emerson
Power Transmission Bearings, Inc.
|
Delaware
|
|||||||
McGill
International, Inc.
|
Taiwan
|
|||||||
Liebert
Corporation
|
Ohio
|
|||||||
Alber
Corp.
|
Florida
|
|||||||
Atlas
Asia Limited
|
Hong
Kong
|
|||||||
Emerson
Network Power Australia Pty. Ltd.
|
Australia
|
|||||||
Atlas
Air Australia Pty. Ltd.
|
Australia
|
|||||||
Emerson
Network Power (Hong Kong) Limited
|
Hong
Kong
|
|||||||
Wuhan
Liebert Computer Power Support System Limited
|
China
|
|||||||
Emerson
Network Power (India) Private Limited
|
India
|
|||||||
Leroy
Somer & Controls India (P) Ltd.
|
India
|
|||||||
Emerson
Network Power (Singapore) Pte. Ltd.
|
Singapore
|
|||||||
Emerson
Network Power (Malaysia) Sdn. Bhd.
|
Malaysia
|
|||||||
Emerson
Network Power Surge Protection, Inc.
|
New
York
|
|||||||
Emerson
Network Power (Thailand) Co. Ltd.
|
Thailand
|
|||||||
Global
Energy Services, Inc.
|
Delaware
|
|||||||
Liebert
Field Services, Inc.
|
Delaware
|
|||||||
Liebert
Global Services, Inc.
|
Delaware
|
|||||||
Liebert
North America, Inc.
|
Delaware
|
|||||||
Liebert
Property Holdings, LLC
|
Delaware
|
|||||||
Liebert
Tecnologia Ltda.
|
Brazil
|
|||||||
Micro
Motion, Inc.
|
Colorado
|
|||||||
Ridge
Tool Company
|
Ohio
|
|||||||
Ridge
Tool (Australia) Pty., Ltd.
|
Australia
|
|||||||
Ridge
Tool Manufacturing Company
|
Delaware
|
|||||||
Ridge
Tool Pattern Company
|
Delaware
|
|||||||
Ridgid,
Inc.
|
Delaware
|
|||||||
Ridgid
Italia Srl
|
Italy
|
|||||||
Ridgid
Online, Inc.
|
Ohio
|
|||||||
Ridgid
Werkzeuge AG
|
Switzerland
|
|||||||
Therm-O-Disc,
Incorporated
|
Ohio
|
|||||||
Componentes
Avanzados de Mexico, S.A. de C.V.
|
Mexico
|
|||||||
Controles
de Temperatura S.A. de C.V.
|
Mexico
|
|||||||
E.G.P.
Corporation
|
Delaware
|
|||||||
Emermex
S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Arabia, Inc.
|
Delaware
|
|||||||
Emersub
4 LLC
|
Delaware
|
Emerson
Capital (Canada) Corporation
|
Canada
|
|||||||
EMRCDNA
I
|
Canada
|
|||||||
EMRCDNA
II
|
Canada
|
|||||||
Emerson
Climate Technologies de Mexico S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Climate Technologies - Distribution Services, Inc.
|
Delaware
|
|||||||
Emerson
Electric (Asia) Limited
|
Hong
Kong
|
|||||||
Applied
Motor Technologies (Hong Kong) Ltd.
|
Hong
Kong
|
|||||||
Applied
Motor Technologies (Qingdao) Co., Ltd.
|
China
|
|||||||
Branson
Ultrasonics (Asia Pacific) Co. Ltd.
|
Hong
Kong
|
|||||||
Emerson
Electric (South Asia/Pacific) Pte. Ltd.
|
Singapore
|
|||||||
Emerson
Technology Service (Shenzhen) Co.
|
China
|
|||||||
Emerson
Electric II, C.A.
|
Venezuela
|
|||||||
Emerson
Electric de Colombia, Ltda.
|
Colombia
|
|||||||
Emerson
Electric International, Inc.
|
Delaware
|
|||||||
Emerson
Electric Ireland Ltd.
|
Bermuda
|
|||||||
Emersub
Treasury Ireland
|
Ireland
|
|||||||
Emerson
Electric (Mauritius) Ltd.
|
Mauritius
|
|||||||
Emerson
Electric Co. (India) Private Ltd.
|
India
|
|||||||
Westinghouse
Electric Private Ltd. (Mauritius)
|
Mauritius
|
|||||||
Emerson
Process Management Power & Water Solutions India Private
Limited
|
India
|
|||||||
Emerson
Electric Nederland B.V.
|
Netherlands
|
|||||||
Alco
Controls Spol s.r.o.
|
Czech Republic
|
|||||||
Branson
Ultrasonics B.V.
|
Netherlands
|
|||||||
Beckman
Industrial B.V.
|
Netherlands
|
|||||||
Brooks
Instrument B.V.
|
Netherlands
|
|||||||
Emerson
Network Power B.V.
|
Netherlands
|
|||||||
Emerson
Process Management Flow B.V.
|
Netherlands
|
|||||||
Damcos
Holding A/S
|
Denmark
|
|||||||
Damcos
A/S.
|
Denmark
|
|||||||
Damcos
Co. Ltd.
|
China
|
|||||||
Emerson
Process Management Marine Solutions Korea Co., Ltd.
|
Korea
|
|||||||
El-O-Matic
B.V.
|
Netherlands
|
|||||||
El-O-Matic
Valve Actuators (F.E.) Pte. Ltd.
|
Singapore
|
|||||||
El-O-Matic
S.A. (Proprietary) Ltd.
|
South Africa
|
|||||||
Electrische
Apparantenfabriek Capax B.V.
|
Netherlands
|
|||||||
Emerson
a.s.
|
Slovakia
|
|||||||
Emerson
LLC
|
Russia
|
|||||||
Emerson
SRL
|
Romania
|
|||||||
Emerson
Climate Technologies s.r.o.
|
Czech Republic
|
|||||||
Emerson
Electric Slovakia Spol. s.r.o.
|
Slovakia
|
|||||||
Emerson
Electric Spol, s.r.o.
|
Czech Republic
|
|||||||
Emerson
Process Management B.V.
|
Netherlands
|
|||||||
Fisher
Rosemount Temperature B.V.
|
Netherlands
|
|||||||
Fusite,
B.V.
|
Netherlands
|
|||||||
Ortrud
Verwaltungsgesellschaft mbH
|
Germany
|
|||||||
Knürr-Holding
GmbH
|
Germany
|
|||||||
Knürr
AG
|
Germany
|
|||||||
Knürr
AB
|
Sweden
|
|||||||
Knürr
AG
|
Switzerland
|
|||||||
Knürr
AG & Co. Grundbesitz OHG
|
Germany
|
|||||||
Knürr
BV
|
Netherlands
|
|||||||
Knürr
Electronics GmbH
|
Germany
|
|||||||
Knürr
Electronics GmbH & Co. Grundbesitz OHG
|
Germany
|
|||||||
Knürr-Ercotec
GmbH & Grundstucksverwaltung KG
|
Germany
|
|||||||
Knürr
Electronics (Shanghai) Co. Ltd.
|
China
|
|||||||
Knürr
Holding Ltda.
|
Brazil
|
|||||||
Knuerr
Ltda.
|
Brazil
|
|||||||
Knürr-Innovation
GmbH
|
Germany
|
Knürr
Ltd.
|
United Kingdom
|
|||||||
Knürr
Lommatec Mechanik fur die Elektronik Beteiligungs und Verwaltungs
GmbH
|
Germany
|
|||||||
Knürr
s.a.r.l.
|
France
|
|||||||
Knuerr-Spectra
(S.E.A.) Pte Ltd.
|
Singapore
|
|||||||
Knürr
s.r.o.
|
Czech
Republic
|
|||||||
Knürr
Technical Furniture GmbH
|
Germany
|
|||||||
Knürr-Ercotec
GmbH
|
Germany
|
|||||||
Knürr
International GmbH
|
Germany
|
|||||||
Therm-O-Disc
Europe B.V.
|
Netherlands
|
|||||||
Emerson
Electric Puerto Rico, Inc.
|
Delaware
|
|||||||
Emerson
Puerto Rico, Inc.
|
Delaware
|
|||||||
Emerson
Electric (Taiwan) Company Limited
|
Taiwan
|
|||||||
Emerson
Finance LLC
|
Delaware
|
|||||||
Emerson
Global Finance Company
|
Missouri
|
|||||||
Emerson
Middle East, Inc.
|
Delaware
|
|||||||
Emerson
Network Power, Energy Systems, North America, Inc.
|
Delaware
|
|||||||
Emerson
Network Power Exportel, S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Network Power, Inc.
|
Texas
|
|||||||
Emerson
Network Power Services, S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Sice S.r.l.
|
Italy
|
|||||||
Branson
Ultrasuoni S.r.l.
|
Italy
|
|||||||
CDZ.T
s.r.l.
|
Italy
|
|||||||
Emerson
Appliance Motors Europe - E.A.M.E. s.r.l. (f/k/a Plaset
s.r.l.)
|
Italy
|
|||||||
Emerson
Network Power Holding S.r.l.
|
Italy
|
|||||||
|
Emerson
Network Power Srl
|
Italy
|
||||||
Emerson
Network Power Sp. Z.o.o.
|
Poland
|
|||||||
Emerson
Network Power S.r.l.
|
Italy
|
|||||||
Liebert
Hiross Holding GmbH
|
Germany
|
|||||||
Emerson
Network Power GmbH
|
Germany
|
|||||||
Emerson
Network Power Kft.
|
Hungary
|
|||||||
Emerson
Process Management S.r.l.
|
Italy
|
|||||||
Sirai
Elettromeccanica s.r.l.
|
Italy
|
|||||||
Sirai
Deutschland Vertrieb Elektronischer GmbH
|
Germany
|
|||||||
Emerson
Telecommunication Products, LLC
|
Delaware
|
|||||||
JTP
Industries, Inc.
|
Delaware
|
|||||||
Dura-Line
Espana, S.L.
|
Spain
|
|||||||
Dura-Line
Iberia, S.L.
|
Spain
|
|||||||
Dura-Line
Limited
|
United
Kingdom
|
|||||||
OOO
Dura-Line
|
Russia
|
|||||||
Emerson
Network Power Connectivity Solutions, Inc.
|
Delaware
|
|||||||
Balance
Manufacturing Services, Inc.
|
Texas
|
|||||||
Emerson
Electronic Connector and Components do Brasil, Ltda.
|
Brazil
|
|||||||
LoDan
de Mexico S.A. de C.V.
|
Mexico
|
|||||||
LoDan
West do Brasil, Ltda.
|
Brazil
|
|||||||
Stratos
International, Inc.
|
Delaware
|
|||||||
Advanced
Interconnection Technology LLC
|
Delaware
|
|||||||
Paracer,
Inc.
|
Delaware
|
|||||||
Rapidwerks
LLC
|
Delaware
|
|||||||
Sterling
Holding Company
|
Delaware
|
|||||||
Quality
Components, Inc.
|
Delaware
|
|||||||
Semflex,
Inc.
|
Delaware
|
|||||||
Swiss
Precision Products, Inc.
|
Delaware
|
|||||||
TQ
Management Corporation
|
Delaware
|
|||||||
Trompeter
Electronics, Inc.
|
Delaware
|
|||||||
STRATOS
Lightwave, LLC
|
Delaware
|
|||||||
Stratos
Lightwave-Florida Incorporated
|
Delaware
|
|||||||
Stratos
Limited
|
United
Kingdom
|
|||||||
Tsunami
Optics, Inc.
|
California
|
Viewsonics
do Brasil, Ltda.
|
Brazil
|
|||||||
Viewsonics
Mexico S.A. de C.V.
|
Mexico
|
|||||||
Vitelec
Electronics Ltd.
|
United Kingdom
|
|||||||
Engineered
Endeavors, Inc.
|
Delaware
|
|||||||
Engineered
Endeavors do Brasil, Ltda.
|
Brazil
|
|||||||
Engineered
Endeavors do Brasil Servicos Ltda.
|
Brazil
|
|||||||
Northern
Technologies, Inc.
|
Idaho
|
|||||||
Emerson
Venezuela C.A.
|
Venezuela
|
|||||||
Emerson
Ventures Inc.
|
Delaware
|
|||||||
Emerson
WFC, Inc.
|
Delaware
|
|||||||
Emersub
3 LLC
|
Delaware
|
|||||||
Emersub
CII, Inc.
|
Delaware
|
|||||||
Emersub
XLVI, Inc.
|
Nevada
|
|||||||
Wilson
Investment 2, Inc.
|
Delaware
|
|||||||
Copesub,
Inc.
|
Delaware
|
|||||||
Alliance
Compressors LLC
|
Delaware
|
|||||||
Emersub
LII, Inc.
|
Delaware
|
|||||||
Emersub
XCI, Inc.
|
Delaware
|
|||||||
Emersub
XCIX, Inc.
|
Delaware
|
|||||||
Emersub
Italia Srl
|
Italy
|
|||||||
International
Gas Distribution S.A.
|
Luxembourg
|
|||||||
O.M.T
Officina Meccanica Tartarini S.r.l.
|
Italy
|
|||||||
Fisher
Process Srl
|
Italy
|
|||||||
EMR
Foundation, Inc.
|
Delaware
|
|||||||
EMR
Holdings, Inc.
|
Delaware
|
|||||||
Branson
de Mexico, S.A. de C.V.
|
Mexico
|
|||||||
Copeland
Compresores Hermeticos, S.A. de C.V.
|
Mexico
|
|||||||
Copeland
Korea, Inc.
|
Korea
|
|||||||
Copeland
Taiwan Refrigeration Co.
|
Taiwan
|
|||||||
Digital
Appliance Controls, S.A. de C.V.
|
Mexico
|
|||||||
EMR
Manufacturing (M) Sdn Bhd
|
Malaysia
|
|||||||
Emerson
Appliance Motor Europe S.R.L.
|
Romania
|
|||||||
Emerson
Appliance Solutions (Shenzhen) Co., Ltd.
|
China
|
|||||||
Emerson
Argentina S.A.
|
Argentina
|
|||||||
Emerson
Climate Technologies Australia Pty Ltd.
|
Australia
|
|||||||
Emerson
Electric Canada Limited
|
Canada
|
|||||||
Tech-Met
Canada Limited
|
Canada
|
|||||||
Emerson
Electric Chile Ltda.
|
Chile
|
|||||||
Emerson
Electric de Mexico S.A. de C.V.
|
Mexico
|
|||||||
Ascotech,
S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Electric do Brasil Ltda
|
Brazil
|
|||||||
Emerson
Comercio em Tecnologia de Climatizacao Ltda
|
Brazil
|
|||||||
Emerson
Electric Holdings (Switzerland) GmbH
|
Switzerland
|
|||||||
Emerson
(China) Motor Co. Ltd.
|
China
|
|||||||
Emerson
Process Management Co. Ltd.
|
China
|
|||||||
EMR
Emerson Holdings (Switzerland) GmbH
|
Switzerland
|
|||||||
Emerson
Electric (China) Holdings Co., Ltd.
|
China
|
|||||||
ASCO
Valve (Shanghai) Co., Ltd.
|
China
|
|||||||
Beijing
Rosemount Far East Instrument Co., Ltd.
|
China
|
|||||||
Branson
Ultrasonics (Shanghai) Co., Ltd.
|
China
|
|||||||
ClosetMaid
(Jiangmen) Storage Limited
|
China
|
|||||||
Emerson
Beijing Instrument Co. Ltd.
|
China
|
|||||||
Emerson
Climate Technologies (Shenyang) Co. Ltd.
|
China
|
|||||||
Emerson
Climate Technologies (Shenyang) Refrigeration Co. Ltd.
|
China
|
|||||||
Emerson
Climate Technologies (Suzhou) Co., Ltd.
|
China
|
|||||||
Emerson
Climate Technologies (Suzhou) Research & Development Co.,
Ltd.
|
China
|
|||||||
Emerson
Electric (Shenzhen) Co., Ltd.
|
China
|
|||||||
Emerson
eResource (Xi'an) Co., Ltd.
|
China
|
Emerson
Fusite Electric (Shenzhen) Co. Ltd.
|
China
|
|||||||
Emerson
Junkang Enterprise (Shanghai) Co., Ltd.
|
China
|
|||||||
Emerson
Machinery & Equipment (Shenzhen) Co. Ltd.
|
China
|
|||||||
Emerson
Network Power (Xi'an) Co., Ltd.
|
China
|
|||||||
Emerson
Network Power Connectivity Solutions (Shanghai) Co., Ltd.
|
China
|
|||||||
Emerson
Network Power Co. Ltd. (f/k/a/ Avansys)
|
China
|
|||||||
Emerson
Power Transmission (Zhangzhou) Co., Ltd.
|
China
|
|||||||
Emerson
Process Management Flow Technologies Co., Ltd.
|
China
|
|||||||
Emerson
Process Management (Tianjin) Valves Co., Ltd.
|
China
|
|||||||
Emerson
Process Management Valve Automation (Tianjin) Co., Ltd
.
|
China
|
|||||||
Emerson
Professional Tools (Shanghai) Co., Ltd.
|
China
|
|||||||
Emerson
Trading (Shanghai) Co. Ltd.
|
China
|
|||||||
Fisher
Jeon Gas Equipment (Chengdu) Co., Ltd.
|
China
|
|||||||
Fisher
Regulators (Shanghai) Co., Ltd.
|
China
|
|||||||
Leroy
Somer Electro-Technique (Fuzhou) Co., Ltd.
|
China
|
|||||||
Shanghai
Westinghouse Control Systems Company Ltd.
|
China
|
|||||||
Emerson
Electric Korea Ltd.
|
Korea
|
|||||||
Emerson
Electric (M) Sdn Bhd
|
Malaysia
|
|||||||
Emerson
Electric Poland Sp. z.o.o.
|
Poland
|
|||||||
FZN
Marbaise LS Sp. z.o.o.
|
Poland
|
|||||||
Emerson
Electric (Thailand) Limited
|
Thailand
|
|||||||
Emerson
Energy Systems Sdn Bhd
|
Malaysia
|
|||||||
Emerson
Holding Sweden AB
|
Sweden
|
|||||||
Emerson
Sweden AB
|
Sweden
|
|||||||
Emerson
Network Power Energy Systems AB
|
Sweden
|
|||||||
Rosemount
Tank Radar AB
|
Sweden
|
|||||||
Emerson
Process Management Marine Solutions Singapore Pte. Ltd.
|
Singapore
|
|||||||
Marine
Systems & Solutions
|
Russia
|
|||||||
MEP
Marine AS
|
Norway
|
|||||||
Rosemount
Tank Gauging India Pvt. Ltd.
|
India
|
|||||||
Rosemount
Tank Gauging Middle East SPC
|
Bahrain
|
|||||||
SF-Control
OY
|
Finland
|
|||||||
Emerson
Network Power del Peru S.A.C.
|
Peru
|
|||||||
Emerson
Network Power d.o.o.
|
Croatia
|
|||||||
Emerson
Network Power Limited
|
Nigeria
|
|||||||
Emerson
Network Power (Philippines), Inc.
|
Philippines
|
|||||||
Emerson
Network Power (South Africa) (Pty) Ltd
|
South Africa
|
|||||||
Emerson
Europe S.A.
|
France
|
|||||||
Asco
Joucomatic S.A.
|
France
|
|||||||
Asco
Joucomatic GmbH
|
Germany
|
|||||||
Asco
Joucomatic S.p.A.
|
Italy
|
|||||||
Asco
Joucomatic N.V.
|
Belgium
|
|||||||
Fluidocontrol
S.A.
|
Spain
|
|||||||
Sotrac
S.r.l.
|
Italy
|
|||||||
Company
Financiere de Chausey, SA
|
France
|
|||||||
Emerson
Network Power Energy Systems S.A.
|
France
|
|||||||
Emerson
Energy Systems EURL
|
France
|
|||||||
Francel
S.A.
|
France
|
|||||||
Leroy-Somer
S.A.
|
France
|
|||||||
Bertrand
Polico SAS
|
France
|
|||||||
Comercial
Leroy-Somer Ltda.
|
Chile
|
|||||||
Constructions
Electriques DeBeaucourt SAS
|
France
|
|||||||
Electronique
du Sud-Ouest S.A.S.
|
France
|
|||||||
Atelier
de Bobinage de Moteurs Electriques - Viet Services S.a.r.L
.
|
France
|
|||||||
Atelier
Equipment Electrique Wieprecht SARL
|
France
|
|||||||
SARL
Wieprecht
|
France
|
|||||||
Bobinage
Electrique Industriel SARL
|
France
|
|||||||
Bobinage
Electrique Industriel Roannais S.A.R.L.
|
France
|
Cargnelli
SAS
|
France
|
|||||||
Diffusion
Mecanique Electricite SARL
|
France
|
|||||||
Electro
Maintenance Courbon SARL
|
France
|
|||||||
Etablissements
Belzon & Richardot S.A.R.L
|
France
|
|||||||
Etablissements
de Cocard SARL
|
France
|
|||||||
Etablissements
J. Michel S.A.R.L.
|
France
|
|||||||
Etablissements
Suder et Fils S.A.R.L.
|
France
|
|||||||
Houssin
S.A.R.L.
|
France
|
|||||||
Lorraine
Services Electrique Electronique Electromecanique S.a.r.l.
|
France
|
|||||||
Maintenance
Industrie Service Provence SARL
|
France
|
|||||||
Maintenance
Industrie Service Rennes S.a.r.L.
|
France
|
|||||||
Maintenance
Industrie Service S.a.r.L.
|
France
|
|||||||
Maintenance
Industrie Service SIBE SARL
|
France
|
|||||||
Maintenance
Industrie Service SPIRE SARL
|
France
|
|||||||
Marcel
Oury SARL
|
France
|
|||||||
MEZIERES
S.A.R.L.
|
France
|
|||||||
Navarre
Services S.A.R.L.
|
France
|
|||||||
Ouest
Electro Service S.A.R.L.
|
France
|
|||||||
Prevost
SARL
|
France
|
|||||||
Radiel
Bobinage S.A.R.L.
|
France
|
|||||||
Societe
De Reparation Electro-Mecanique S.A.R.L.
|
France
|
|||||||
Societe
Nouvelle Paillet Services S.A.R.L.
|
France
|
|||||||
Societe
Nouvelle Silvain S.A.R.L.
|
France
|
|||||||
Sud
Maintenance S.A.R.L.
|
France
|
|||||||
Etablissements
Trepeau SAS
|
France
|
|||||||
Girard
Transmissions SAS
|
France
|
|||||||
I.M.I
Kft
|
Hungary
|
|||||||
La
Francaise de Manutention SAS
|
France
|
|||||||
Leroy-Somer
Canada Ltd.
|
Canada
|
|||||||
Leroy-Somer
Denmark A/S
|
Denmark
|
|||||||
Leroy-Somer
Elektroantriebe GmbH
|
Austria
|
|||||||
Leroy-Somer
Elektromotoren GmbH
|
Germany
|
|||||||
Leroy-Somer
Electromekanik Sistemler Ticaret Ltd. STI
|
Turkey
|
|||||||
Leroy-Somer
Iberica S.A.
|
Spain
|
|||||||
Teilsa
Servicios, S.L.
|
Spain
|
|||||||
Leroy-Somer
Ltd.
|
Greece
|
|||||||
Leroy-Somer
Ltd.
|
United Kingdom
|
|||||||
Leroy-Somer
Marbaise GmbH
|
Germany
|
|||||||
Leroy-Somer
Motores E Sistemas Electro Mecanicas CDA
|
Portugal
|
|||||||
Leroy-Somer
Nederland B.V.
|
Netherlands
|
|||||||
Leroy-Somer
Norden AB
|
Sweden
|
|||||||
Leroy-Somer
Norge A/S
|
Norway
|
|||||||
Leroy-Somer
OY
|
Finland
|
|||||||
Leroy-Somer
(Pty) Ltd.
|
South Africa
|
|||||||
Leroy-Somer
(Pty) Ltd.
|
Australia
|
|||||||
Leroy
Somer S.A.
|
Belgium
|
|||||||
Leroy-Somer
(SEA) Pte. Ltd.
|
Singapore
|
|||||||
Leroy-Somer
Suise S.A.
|
Switzerland
|
|||||||
Leroy-Somer
S.p.A.
|
Italy
|
|||||||
E.M.S.
Elettro Multi Service Srl
|
Italy
|
|||||||
Maintenance
Industrielle de Vierzon SAS
|
France
|
|||||||
M.L.S.
Holice Spol. s.r.o.
|
Czech Republic
|
|||||||
MLS
Industries Inc.
|
Delaware
|
|||||||
Yorba
Linda International Inc.
|
Delaware
|
|||||||
Motadour
SAS
|
France
|
|||||||
Moteurs
Leroy-Somer S.A.
|
France
|
|||||||
Moteurs
Patay SAS
|
France
|
|||||||
Societe
Anonyme de Mecanique et D’outillage du Vivarais S.A.
|
France
|
Societe
Confolentaise de Metallurgie SAS
|
France
|
|||||||
Societe
de Mecanique et D’Electrothermie des Pays de L'Adour SAS
|
France
|
|||||||
Emerson
Network Power SA
|
France
|
|||||||
Ridgid
France SAS
|
France
|
|||||||
Emerson
Laminaciones de Acero de Monterrey, S.A. de C.V.
|
Mexico
|
|||||||
|
Emerson
Network Power, S. A.
|
Spain
|
||||||
Jaure,
S.A.
|
Spain
|
|||||||
Emerson
Process Management Europe Middle East & Africa GmbH
|
Switzerland
|
|||||||
Emerson
Process Management (Magyarorszag) Kft.
|
Hungary
|
|||||||
Emerson
Process Management NV
|
Belgium
|
|||||||
PI
Components NV
|
Belgium
|
|||||||
Emerson
Sistemas de Energia Ltda.
|
Brazil
|
|||||||
Emersub
5 LLC
|
Delaware
|
|||||||
Emersub
Mexico, Inc.
|
Nevada
|
|||||||
Copeland
Scroll Compresores de Mexico S.A. de C.V.
|
Mexico
|
|||||||
Daniel
Measurement and Control, S. de R.L. de C.V.
|
Mexico
|
|||||||
Emerpowsys,
S. de R.L. de C.V.
|
Mexico
|
|||||||
Emerson
Electronic Connector and Components Mexico S.A. de C.V.
|
Mexico
|
|||||||
Emerson
Tool and Appliance Company, S. de R.L. de C.V.
|
Mexico
|
|||||||
Emerson
Tool Company de Mexico S. de R.L. de C.V.
|
Mexico
|
|||||||
Emersub
1 LLC
|
Delaware
|
|||||||
Intermetro
de Mexico, S. de R.L. de C.V.
|
Mexico
|
|||||||
Knaack
de Mexico, S. de R.L. de C.V.
|
Mexico
|
|||||||
Stack
A Shelf, S. de R.L. de C.V.
|
Mexico
|
|||||||
Emersub
XXXVI, Inc.
|
Delaware
|
|||||||
Digital
Appliance Controls (UK) Limited
|
United
Kingdom
|
|||||||
|
Control
Techniques Ltd.
|
United
Kingdom
|
||||||
Control
Techniques GmbH
|
Germany
|
|||||||
Reta
Anlagenbau GmbH
|
Germany
|
|||||||
Control
Techniques Asia-Pacific Pte. Ltd.
|
Singapore
|
|||||||
Control
Techniques Drives (Malaysia) Sdn Bhd
|
Malaysia
|
|||||||
Control
Techniques Singapore Pte Limited
|
Singapore
|
|||||||
PT
Kontrol Teknik Indonesia
|
Indonesia
|
|||||||
Control
Techniques Australia Pty Ltd.
|
Australia
|
|||||||
Control
Techniques Bermuda Limited
|
Bermuda
|
|||||||
Control
Techniques Drives Limited
|
United
Kingdom
|
|||||||
Control
Techniques Dynamics Limited
|
United
Kingdom
|
|||||||
Evershed
Powerotor Limited
|
United Kingdom
|
|||||||
Moore
Reed & Company Limited
|
United
Kingdom
|
|||||||
Control
Techniques Southern Africa (Pty.) Limited
|
South
Africa
|
|||||||
Control
Techniques SpA
|
Italy
|
|||||||
Control
Techniques Worldwide BV
|
Netherlands
|
|||||||
Control
Technika Hungary Villamos Hajtastechnikai Kft.
|
Hungary
|
|||||||
Control
Techniques AG
|
Switzerland
|
|||||||
Control
Techniques BV
|
Netherlands
|
|||||||
Control
Techniques Brno s.r.o.
|
Czech
Republic
|
|||||||
Control
Techniques China Pte. Ltd.
|
Hong
Kong
|
|||||||
Control
Techniques AS
|
Denmark
|
|||||||
Control
Techniques Endustriyel Control Sistemieri Sanayii Ve Ticaret
A.S.
|
Turkey
|
|||||||
Control
Techniques India Limited
|
India
|
|||||||
Control
Techniques Elpro Automation Limited
|
India
|
|||||||
DriveShop
Limited
|
United
Kingdom
|
|||||||
Electric
Drives Limited
|
Ireland
|
|||||||
Electric
Drives Manufacturing Ltd.
|
Ireland
|
|||||||
Foray
600 Limited
|
United
Kingdom
|
|||||||
Foray
606 Limited
|
United
Kingdom
|
|||||||
Emerson
Holding Company Limited
|
United
Kingdom
|
|||||||
Asco
Joucomatic Ltd.
|
United
Kingdom
|
Asco
Power Technologies Ltd.
|
United Kingdom
|
|||||||
Joucomatic
Controls Ltd.
|
United
Kingdom
|
|||||||
Sotrac
Limited
|
United
Kingdom
|
|||||||
Temple
Instruments Ltd.
|
United
Kingdom
|
|||||||
Bristol
Babcock Limited
|
United
Kingdom
|
|||||||
Computational
Systems, Limited
|
United
Kingdom
|
|||||||
Copeland
Ltd.
|
United
Kingdom
|
|||||||
CSA
Consulting Engineers, Ltd.
|
United
Kingdom
|
|||||||
The
Design House (WGC) Limited
|
United
Kingdom
|
|||||||
El-O-Matic
Limited
|
United
Kingdom
|
|||||||
Emerson
Electric U.K. Limited
|
United
Kingdom
|
|||||||
Bray
Lectroheat Limited
|
United
Kingdom
|
|||||||
Buehler
Europe Limited
|
United
Kingdom
|
|||||||
BannerScientific
Limited
|
United
Kingdom
|
|||||||
Buehler
UK Limited
|
United
Kingdom
|
|||||||
Metaserve
Limited
|
United
Kingdom
|
|||||||
Metallurgical
Services Laboratories Limited
|
United
Kingdom
|
|||||||
Emerson
FZE
|
UAE
|
|||||||
Emerson
Climate Technologies FZE
|
UAE
|
|||||||
Emerson
Network Power Limited
|
United
Kingdom
|
|||||||
Hiross
Limited
|
United
Kingdom
|
|||||||
Liebert
Swindon Ltd.
|
United
Kingdom
|
|||||||
Emerson
Energy Systems (UK) Limited
|
United
Kingdom
|
|||||||
Emerson
Process Management Limited
|
United
Kingdom
|
|||||||
Emerson
Process Management Distribution Limited
|
United
Kingdom
|
|||||||
Fisher-Rosemount
Properties Limited
|
United
Kingdom
|
|||||||
Emerson
Process Management Shared Services Limited
|
United
Kingdom
|
|||||||
F-R
Properties (UK) Limited
|
United
Kingdom
|
|||||||
EMR
Barnstaple Limited
|
United
Kingdom
|
|||||||
Emerson
Process Management Services Limited
|
United
Kingdom
|
|||||||
Emerson
UK Trustees Limited
|
United
Kingdom
|
|||||||
Fisher
Controls Limited
|
United
Kingdom
|
|||||||
Farris
Engineering Ltd.
|
United
Kingdom
|
|||||||
Fisher
Governor Company Ltd.
|
United
Kingdom
|
|||||||
Midwest
Microwave International Limited
|
United
Kingdom
|
|||||||
Midwest
Microwave Limited
|
United
Kingdom
|
|||||||
MDC
Technology Limited
|
United
Kingdom
|
|||||||
MDC
Technology Trustees Limited
|
United
Kingdom
|
|||||||
Mobrey
Group Limited
|
United
Kingdom
|
|||||||
Mobrey
Overseas Sales Limited
|
United
Kingdom
|
|||||||
Mobrey
S.A./N.V.
|
Belgium
|
|||||||
Mobrey
Sp. Z.o.o.
|
Poland
|
|||||||
Mobrey
GmbH
|
Germany
|
|||||||
Mobrey
AB
|
Sweden
|
|||||||
Mobrey
SA
|
France
|
|||||||
Mobrey
Limited
|
United
Kingdom
|
|||||||
Mobrey
Trustee Company Limited
|
United
Kingdom
|
|||||||
Oaksmere
Refrigeration Design & Consultancy Limited
|
United
Kingdom
|
|||||||
Pactrol
Controls Limited
|
United
Kingdom
|
|||||||
S
R
Drives Manufacturing Limited
|
United
Kingdom
|
|||||||
Switched
Reluctance Drives Limited
|
United
Kingdom
|
|||||||
Reluctance
Motors Limited
|
United
Kingdom
|
|||||||
F-R
Technologias de Flujo, S.A. de C.V.
|
Mexico
|
|||||||
Fisher-Rosemount
Peru S.A.C.
|
Peru
|
|||||||
Motores
Reynosa, S.A. de C.V.
|
Mexico
|
|||||||
Motoreductores
U.S., S.A. de C.V.
|
Mexico
|
|||||||
NetworkPower
Ecuador S.A.
|
Ecuador
|
|||||||
PT
Emerson Electric Indonesia
|
Indonesia
|
RAC
Technologies (Israel) Ltd.
|
Israel
|
|||||||
Rey-Lam,
S. de R.L. de C.V.
|
Mexico
|
|||||||
Rotores
S.A. de C.V.
|
Mexico
|
|||||||
Saab
Rosemount Marine Korea Co. Ltd.
|
Korea
|
|||||||
|
Termotec
de Chihuahua S.A. de C.V.
|
Mexico
|
||||||
Tranmet
Holdings Limited
|
United Kingdom
|
|||||||
Tranmet
Holdings B.V.
|
Netherlands
|
|||||||
Industrial
Group Metran CJSC
|
Russia
|
|||||||
Metran-Export
CJSC
|
Russia
|
|||||||
Firma
Metran LLC
|
Russia
|
|||||||
Metran
Sensor LLC
|
Russia
|
|||||||
EPMCO
Holdings, Inc.
|
Delaware
|
|||||||
Fisher
Controls International LLC
|
Delaware
|
|||||||
Emerson
Process Management Australia Pty Limited
|
Australia
|
|||||||
Corot
Pty. Ltd.
|
Australia
|
|||||||
Emerson
Electric Australia Co. Pty. Ltd.
|
Australia
|
|||||||
Fisher-Rosemount
Ltd.
|
New
Zealand
|
|||||||
Emerson
Process Management China Ltd.
|
Hong
Kong
|
|||||||
Fisher
Controls De Mexico, S.A. de C.V.
|
Mexico
|
|||||||
Fro-Mex,
S.A. de C.V.
|
Mexico
|
|||||||
Instrument
& Valve Services Company
|
Delaware
|
|||||||
Nippon
Fisher Co. Ltd.
|
Japan
|
|||||||
Fisco
Ltd. (Fisco Kabushiki Kaisha)
|
Japan
|
|||||||
Fisher-Rosemount
Systems, Inc.
|
Delaware
|
|||||||
Emerson
Process Management LLLP
|
Delaware
|
|||||||
Emerson
Performance Solutions, Inc.
|
Georgia
|
|||||||
Emerson
Process Management Dominicana, S.A.
|
Dominican Republic
|
|||||||
Emerson
Process Management Power & Water Solutions, Inc.
|
Delaware
|
|||||||
Emerson
Process Management S.A.S.
|
France
|
|||||||
Emerson
Process Management, Lda
|
Portugal
|
|||||||
Fiberconn
Assemblies Morocco S.A.R.L.
|
Morocco
|
|||||||
Flo
Healthcare Solutions, LLC
|
Georgia
|
|||||||
Fusite
Corporation
|
Ohio
|
|||||||
Emerson
Japan, Ltd.
|
Japan
|
|||||||
Fusite
Land Company
|
Delaware
|
|||||||
High
Voltage Maintenance Corporation
|
Ohio
|
|||||||
Hiross
India Private Limited
|
India
|
|||||||
Humboldt
Hermetic Motor Corp.
|
Delaware
|
|||||||
Ingenierias
Asociadas I.A. Ltda.
|
Colombia
|
|||||||
Kato
Engineering, Inc.
|
Delaware
|
|||||||
Knaack
LLC
|
Delaware
|
|||||||
Capsacorp
LLC
|
Delaware
|
|||||||
Knürr,
Inc.
|
California
|
|||||||
Kop-Flex,
Inc.
|
Delaware
|
|||||||
Kop-Flex
Canada Limited
|
Canada
|
|||||||
Lionville
Systems, Inc.
|
Pennsylvania
|
|||||||
Metaloy,
Inc.
|
Massachusetts
|
|||||||
Metropolitan
International, Inc.
|
Nevada
|
|||||||
InterMetro
Industries Corporation
|
Nevada
|
|||||||
InterMetro
Industries Corporation
|
Delaware
|
|||||||
InterMetro
Industries B.V.
|
Netherlands
|
|||||||
Metro
Industries, Inc.
|
Nevada
|
|||||||
Metropolitan
Wire (Canada) Ltd.
|
Canada
|
|||||||
Metropolitan
Wire Corporation
|
Pennsylvania
|
|||||||
Midwest
Microwave Inc.
|
Delaware
|
|||||||
Mobrey,
Inc.
|
Delaware
|
|||||||
Motores
Hermeticos del Sur, S.A. de C.V.
|
Mexico
|
|||||||
Numatics,
Incorporated
|
Michigan
|
Micro-Filtration,
Inc.
|
Michigan
|
|||||||
Microsmith,
Inc.
|
Arizona
|
|||||||
Numatech,
Inc.
|
Michigan
|
|||||||
Numatics
(Shanghai) Co., Ltd.
|
China
|
|||||||
Numatics
Co., Ltd.
|
Taiwan
|
|||||||
Numatics
de Mexico, S.A. de C.V.
|
Mexico
|
|||||||
Numatics
GmbH
|
Germany
|
|||||||
Numatics
Limited
|
United Kingdom
|
|||||||
Numatics
Ltd.
|
Canada
|
|||||||
Numatics
S.R.L.
|
Italy
|
|||||||
Numatics
Spain, S.L.
|
Spain
|
|||||||
Numation,
Inc.
|
Michigan
|
|||||||
Ultra
Air Products, Inc.
|
Michigan
|
|||||||
PC
& E, Inc.
|
Missouri
|
|||||||
Ridge
Tool Europe NV
|
Belgium
|
|||||||
Ridgid
Scandinavia A/S
|
Denmark
|
|||||||
Von
Arx AG
|
Switzerland
|
|||||||
Von
Arx GmbH
|
Germany
|
|||||||
Rosemount
Tank Gauging North America, Inc.
|
Texas
|
|||||||
Termocontroles
de Juarez S.A. de C.V.
|
Mexico
|
|||||||
The
Sulton Company, Inc.
|
Delaware
|
|||||||
Tescom
Corporation
|
Minnesota
|
|||||||
Tescom,
LLC
|
Minnesota
|
|||||||
Hankuk
Tescom Ltd.
|
Korea
|
|||||||
Tescom
Europe Management GmbH
|
Germany
|
|||||||
Tescom
Europe GmbH & Co. KG
|
Germany
|
|||||||
Thunderline
Z, Inc.
|
Delaware
|
|||||||
Transmisiones
de Potencia Emerson S.A. de C.V.
|
Mexico
|
|||||||
Wer
Canada (1984) Inc.
|
Canada
|
|||||||
White-Rodgers
(1967) Limited
|
Canada
|
|||||||
Wiegand
S.A. de C.V.
|
Mexico
|
November
19, 2007
|
Signature
|
Title
|
|
/s/
D. N. Farr
|
Chairman
of the Board, Chief Executive Officer,
President
and Director
|
|
D. N. Farr
|
||
/s/
W. J. Galvin
|
Senior
Executive Vice President, Chief Financial Officer
and
Director
|
|
W. J. Galvin
|
||
/s/
R. J. Schlueter
|
Vice
President and Chief Accounting Officer
|
|
R. J. Schlueter
|
||
/s/
A. A. Busch III
|
Director
|
|
A. A. Busch III
|
||
/s/
D. C. Farrell
|
Director
|
|
D. C. Farrell
|
|
|
/s/
C. Fernandez G.
|
Director
|
|
C. Fernandez G.
|
|
|
/s/
A. F. Golden
|
Director
|
|
A. F. Golden
|
||
/s/
R. B. Horton
|
Director
|
|
R. B. Horton
|
|
/s/
V. R. Loucks, Jr.
|
Director
|
|
V. R. Loucks, Jr.
|
|
|
/s/
J. B. Menzer
|
Director
|
|
J. B. Menzer
|
||
/s/
C. A. Peters
|
Director
|
|
C. A. Peters
|
||
/s/
J. W. Prueher
|
Director
|
|
J. W. Prueher
|
||
/s/
R. L. Ridgway
|
Director
|
|
R. L. Ridgway
|
||
/s/
R. L. Stephenson
|
Director
|
|
R. L. Stephenson
|
Date: November 19, 2007 | /s/ | D. N. Farr |
D.
N. Farr
|
||
Chairman of the Board,
Chief Executive Officer and President
Emerson Electric Co.
|
Date: November 19, 2007 | /s/ | W. J. Galvin |
W.
J. Galvin
Senior
Executive Vice President and
Chief
Financial Officer
Emerson
Electric Co.
|
(1)
|
The
Report fully complies with the requirements of Section 13(a) or 15(d)
of
the Securities Exchange Act of 1934; and
|
(2)
|
The
information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the
Company.
|
/s/ |
D.
N.
Farr
|
|
D.
N. Farr
Chairman
of the Board,
Chief
Executive Officer and President
Emerson
Electric Co.
November
19, 2007
|
(1)
|
The
Report fully complies with the requirements of Section 13(a) or 15(d)
of
the Securities Exchange Act of 1934; and
|
(2)
|
The
information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the
Company.
|
/s/ |
W.
J.
Galvin
|
|
W.
J. Galvin
Senior
Executive Vice President and
Chief
Financial Officer
Emerson
Electric Co.
November
19, 2007
|