Emerson Electric Co. Form 8K - September 26, 2002

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549




FORM 8–K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event
reported): November 5, 2002

Emerson Electric Co.
(Exact Name of Registrant as Specified in Charter)

Missouri
   1–278
   43–0259330
(State or Other
Jurisdiction of
Incorporation)		   (Commission
File Number)		   (I.R.S. Employer
Identification Number)


8000 West Florissant Avenue
St. Louis, Missouri
   63136
(Address of Principal Executive Offices)



   (Zip Code)
Registrant's telephone number, including area code:

(314) 553–2000

Item 9.     Regulation FD Disclosure.

The following information is provided to supplement the fourth quarter and fiscal year earnings released on November 5, 2002.

Other deductions/(income), net by quarter for fiscal 2002 are provided as follows (dollars in millions):

      1st Qtr   2nd Qtr   3rd Qtr   4th Qtr   FY 2002  
   
 
 
 
 
 
                       
   Gains from divestitures   $            (85)    (93)    (46)    (7)    (231)   
   Amortization of intangibles   7     7     7     7     28    
   Rationalization of operations   53     55     50     49     207    
   Other   14     33     24     29     100    
   
 
 
 
 
 
      Total   $            (11)    2     35     78     104    
   
 
 
 
 
 

Rationalization of operations by quarter for fiscal 2002 by business segment is provided as follows (dollars in millions):

    1st Qtr   2nd Qtr   3rd Qtr   4th Qtr   FY 2002  
   
 
 
 
 
 
                       
   Process Control   $             7     8     5     7     27    
   Industrial Automation   6     6     13     8     33    
   Electronics & Telecommunications   12     15     19     25     71    
   HVAC   8     5     1     12     26    
   Appliance and Tools   10     9     11     19     49    
   Corporate   10     12     1     (22)    1    
   
 
 
 
 
 
      Total   $            53     55     50     49     207    
   
 
 
 
 
 


SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

EMERSON ELECTRIC CO.
(Registrant)
Date:    November 6, 2002 By:  /s/ Walter J. Galvin
    Walter J. Galvin
Executive Vice President
and Chief Financial Officer


2