Foot Locker 2013 Annual Report Download - page 103

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Exhibit 12
FOOT LOCKER, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
($ in millions)
Fiscal Year Ended
Feb. 1,
2014 Feb. 2,
2013 Jan. 28,
2012 Jan. 29,
2011 Jan. 30,
2010
NET EARNINGS
Income from continuing operations $429 $397 $278 $169 $ 47
Income tax expense 234 210 157 88 26
Interest expense, excluding capitalized
interest 11 11 13 14 13
Portion of rents deemed representative of
the interest factor (1/3) 236 222 218 213 217
$910 $840 $666 $484 $303
FIXED CHARGES
Gross interest expense $11 $11 $13 $14 $13
Portion of rents deemed representative of
the interest factor (1/3) 236 222 218 213 217
$247 $233 $231 $227 $230
RATIO OF EARNINGS TO FIXED CHARGES 3.7 3.6 2.9 2.1 1.3