Foot Locker 2005 Annual Report Download - page 80

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EXHIBIT 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
Fiscal Year Ended
Jan. 28,
2006
Jan. 29,
2005
Jan. 31,
2004
Feb. 1,
2003
Feb. 2,
2002
NET EARNINGS
Income from continuing operations .................... $263 $255 $209 $162 $111
Income tax expense .................................... 142 119 115 84 64
Interest expense, excluding capitalized interest ........ 23 22 26 33 35
Portion of rents deemed representative of the
interest factor (1/3) ................................. 214 202 177 164 157
$642 $598 $527 $443 $367
FIXED CHARGES
Gross interest expense ................................. $ 23 $ 22 $ 26 $ 33 $ 35
Portion of rents deemed representative of the
interest factor (1/3) ................................. 214 202 177 164 157
$237 $224 $203 $197 $192
RATIO OF EARNINGS TO FIXED CHARGES ................ 2.7 2.7 2.6 2.2 1.9