Foot Locker 2010 Annual Report Download - page 93

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Exhibit 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
Fiscal Year Ended
Jan. 29,
2011 Jan. 30,
2010 Jan. 31,
2009 Feb. 2,
2008 Feb. 3,
2007
NET EARNINGS
Income (loss) from continuing operations ....... $169 $ 47 $(79) $ 43 $247
Income tax expense (benefit) ............... 88 26 (21) (93) 145
Interest expense, excluding capitalized interest . . . 14 13 16 21 23
Portion of rents deemed representative of the
interest factor (1/3).................... 213 217 225 224 214
$484 $303 $141 $195 $629
FIXED CHARGES
Gross interest expense .................... $ 14 $ 13 $ 16 $ 21 $ 23
Portion of rents deemed representative of the
interest factor (1/3).................... 213 217 225 224 214
$227 $230 $241 $245 $237
RATIO OF EARNINGS TO FIXED CHARGES ......... 2.1 1.3 0.6 0.8 2.7
74