Foot Locker 2009 Annual Report Download - page 92

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Exhibit 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
Fiscal Year Ended
Jan. 30,
2010 Jan. 31,
2009 Feb. 2,
2008 Feb. 3,
2007 Jan. 28,
2006
NET EARNINGS
Income (loss) from continuing operations ....... $ 47 $(79) $ 43 $247 $263
Income tax expense (benefit) ............... 26 (21) (93) 145 142
Interest expense, excluding capitalized interest . . . 13 16 21 23 23
Portion of rents deemed representative of the
interest factor (1/3).................... 217 225 224 214 210
$303 $141 $195 $629 $638
FIXED CHARGES
Gross interest expense .................... $ 13 $ 16 $ 21 $ 23 $ 23
Portion of rents deemed representative of the
interest factor (1/3).................... 217 225 224 214 210
$230 $241 $245 $237 $233
RATIO OF EARNINGS TO FIXED CHARGES ......... 1.3 0.6 0.8 2.7 2.7
74