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. 1, Nov. 3, Feb. 2, Feb. 3, Jan. 28, Jan. 29, Jan. 31,
      2008       2007       2008 (1)       2007       2006       2005       2004
NET EARNINGS
Income (loss) from continuing operations $     45   $     (35 ) $     45   $     247   $     263   $     255   $     209
Income tax expense (benefit) 35 (25 )   (95 ) 145 142 119 115
Interest expense, excluding capitalized interest 13 15 21 23 23 22 26
Portion of rents deemed representative of the
       factor (1/3) 170 160 224 214 210 202 177
$ 263 $ 115 $ 195 $ 629 $ 638 $ 598 $ 527
FIXED CHARGES 
Gross interest expense $ 13 $ 15 $ 21 $ 23 $ 23 $ 22 $ 26
Portion of rents deemed representative of the
       factor (1/3) 170 160 224 214 210 202 177
$ 183 $ 175 245 $ 237 $ 233 $ 224 $ 203
RATIO OF EARNINGS TO FIXED CHARGES 1.4 0.7 $ 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 has no effect on the fixed charge coverage ratio.

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