Exhibit 12

LEVI STRAUSS & CO. AND SUBSIDIARIES

Statements re: Computation of Ratio of Earnings to Fixed Charges

	Three Months Ended			Year Ended
	February 26, 2017			November 27, 2016			November 29, 2015			November 30, 2014			November 24, 2013			November 25, 2012
	(Dollars in thousands)
Earnings:
Income before income taxes	$	88,814		$	407,260		$	310,398		$	153,854		$	322,613		$	195,881
Add: Fixed charges		37,701			142,458			146,500			182,831			195,071			197,771
Add: Amortization of capitalized interest		222			869			958			1,040			876			571
Subtract: Capitalized interest		283			1,085			1,121			905			1,201			1,028
Total earnings	$	126,454		$	549,502		$	456,735		$	336,820		$	517,359		$	393,195
Fixed Charges:
Interest expense (includes amortization of debt discount and costs)	$	19,934		$	73,170		$	81,214		$	117,597		$	129,024		$	134,694
Capitalized interest		283			1,085			1,121			905			1,201			1,028
Interest factor in rental expense(1)		17,484			68,203			64,165			64,329			64,846			62,049
Total fixed charges	$	37,701		$	142,458		$	146,500		$	182,831		$	195,071		$	197,771
Ratio of earnings to fixed charges		3.4	x		3.9	x		3.1	x		1.8	x		2.7	x		2.0	x

(1) Utilized an assumed interest factor of 33% in rental expense.