Foot Locker 2006 Annual Report Download - page 88

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EXHIBIT 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
Fiscal Year Ended
Feb 3,
2007
Jan. 28,
2006
Jan. 29,
2005
Jan. 31,
2004
Feb. 1,
2003
NET EARNINGS
Income from continuing operations ............. $247 $263 $255 $209 $162
Income tax expense ......................... 145 142 119 115 84
Interest expense, excluding capitalized interest .... 23 23 22 26 33
Portion of rents deemed representative of the
interest factor (1/3) ...................... 214 210 202 177 164
$ 629 $ 638 $598 $ 527 $ 443
FIXED CHARGES
Gross interest expense ....................... $ 23 $ 23 $ 22 $ 26 $ 33
Portion of rents deemed representative of the
interest factor (1/3) ...................... 214 210 202 177 164
$ 237 $ 233 $ 224 $ 203 $ 197
RATIO OF EARNINGS TO FIXED CHARGES ........... 2.7 2.7 2.7 2.6 2.2