Exhibit 12

Ratio of Earnings To Fixed Charges

($ in millions)	Jan. 29, 2005		Jan. 31, 2004 (as restated) (a)		Feb. 1, 2003 (as restated) (a)			Feb. 2, 2002 (as restated) (a)			Feb. 3, 2001 (as restated) (a)
Earnings before income taxes	$	1,872	$	1,684	$	801		$	213		$	1,324
Fixed charges		682		736		744			577			485
Less: capitalized interest, net		1		2		(2	)		(18	)		(36	)
Adjusted earnings		2,555		2,422		1,543			772			1,773
Fixed charges:
Gross interest incurred		167		234		249			109			75
Interest portion of rent expense		515		502		495			468			410
Total fixed charges	$	682	$	736	$	744		$	577		$	485
Ratio of earnings to fixed charges		3.7		3.3		2.1			1.3			3.7

(a) See Note B of the Notes to the Consolidated Financial Statements within the 2004 Annual Report which is included within Exhibit 13 on Form 10-K.