EX-12 15 exhibit_12.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 Ended
  Jan. 31,   Feb. 2,   Feb. 3,   Jan. 28,   Jan. 29,
            2009           2008(1)           2007           2006           2005
NET EARNINGS                      
(Loss) income from continuing operations $ (79 ) $ 43   $ 247 $ 263 $ 255
Income tax (benefit) expense   (21 )   (93 ) 145   142 119
Interest expense, excluding capitalized interest   16     21   23   23 22
Portion of rents deemed representative of the                
     interest factor (1/3)   229     224     214   210   202
  $ 145   $ 195   $ 629 $ 638 $ 598
 
FIXED CHARGES                
Gross interest expense $ 16   $ 21   $ 23 $ 23 $ 22
Portion of rents deemed representative of the                
     interest factor (1/3)   229     224     214   210   202
  $ 245   $ 245   $ 237 $ 233 $ 224
RATIO OF EARNINGS TO FIXED CHARGES   0.6     0.8   2.7   2.7 2.7
____________________

(1)       The results for the year ended February 2, 2008 have been revised to reflect a SAB 108 adjustment related to income taxes. The revision has no effect on the fixed charge coverage ratio.

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