EX-12 2 v367190_exhi12.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)

         
  Fiscal Year Ended
     Feb. 1,
2014		   Feb. 2,
2013		   Jan. 28,
2012		   Jan. 29,
2011		   Jan. 30,
2010
NET EARNINGS
                                             
Income from continuing operations   $ 429     $ 397     $ 278     $ 169     $ 47  
Income tax expense     234       210       157       88       26  
Interest expense, excluding capitalized interest     11       11       13       14       13  
Portion of rents deemed representative of the interest factor (1/3)     236       222       218       213       217  
     $ 910     $ 840     $ 666     $ 484     $ 303  
FIXED CHARGES
                                          
Gross interest expense   $ 11     $ 11     $ 13     $ 14     $ 13  
Portion of rents deemed representative of the interest factor (1/3)     236       222       218       213       217  
     $ 247     $ 233     $ 231     $ 227     $ 230  
RATIO OF EARNINGS TO FIXED CHARGES     3.7       3.6       2.9       2.1       1.3