EX-12 2 exhibit12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES.

EXHIBIT 12

FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)

   Thirty-nine weeks ended     Fiscal year ended 
   Nov. 3,    Oct. 28,      Feb. 3,      Jan. 28,      Jan. 29,      Jan. 31,      Feb. 1, 
      2007      2006       2007       2006       2005       2004       2003 
NET EARNINGS                              
(Loss) income from continuing operations $     (35 ) $     137 $       247 $       263 $       255 $       209 $       162
Income tax (benefit) expense    (25 )   81   145   142   119   115   84
Interest expense, excluding capitalized interest   15     17   23   23   22   26   33
Portion of rents deemed representative of the interest                            
     factor (1/3)   160     158   214   210   202   177   164
  $ 115   $ 393 $ 629 $ 638 $ 598 $ 527 $ 443
FIXED CHARGES                            
Gross interest expense $ 15   $ 17 $ 23 $ 23 $ 22 $ 26 $ 33
Portion of rents deemed representative of the interest                            
     factor (1/3)   160     158   214   210   202   177   164
  $ 175   $ 175 $ 237 $ 233 $ 224 $ 203 $ 197
RATIO OF EARNINGS TO FIXED CHARGES   0.7     2.2   2.7   2.7   2.7   2.6   2.2

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