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)

Thirteen Weeks ended Fiscal Year ended
     May 3,      May 5,      Feb. 2,      Feb. 3,      Jan. 28,      Jan. 29,      Jan. 31,
2008 2007 2008(1) 2007 2006 2005 2004
NET EARNINGS 
Income from continuing operations  $ 3 $ 17 $ 45 $ 247 $ 263 $ 255 $ 209
Income tax expense (benefit) 12 10 (95 ) 145 142 119 115
Interest expense, excluding
     capitalized interest 5 5 21 23 23 22   26
Portion of rents deemed  
     representative of the interest factor   56     54   224   214   210   202   177
$      76 $      86 $      195   $      629   $      638 $      598 $      527
FIXED CHARGES       
Gross interest expense $ 5 $ 5 $ 21 $ 23 $ 23 $ 22 $ 26
Portion of rents deemed    
     representative of the interest factor   56   54   224   214   210   202   177
$ 61 $ 59 $ 245 $ 237 $ 233   $ 224 $ 203
RATIO OF EARNINGS TO FIXED
     CHARGES 1.2 1.5 0.8 2.7 2.7 2.7 2.6
____________________
 
(1)        

The results for the year ended February 2, 2008 have been revised to reflect an immaterial correction related to income taxes. The revision had no effect on the fixed charge coverage ratio.


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