Foot Locker 2014 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
Jan. 31,
2015 Feb. 1,
2014 Feb. 2,
2013 Jan. 28,
2012 Jan. 29,
2011
NET EARNINGS
Net income $ 520 $429 $397 $278 $169
Income tax expense 289 234 210 157 88
Interest expense, excluding capitalized
interest 11 11 11 13 14
Portion of rents deemed representative of
the interest factor (1/3) 249 236 222 218 213
$1,069 $910 $840 $666 $484
FIXED CHARGES
Gross interest expense $11 $11 $11 $13 $14
Portion of rents deemed representative of
the interest factor (1/3) 249 236 222 218 213
$ 260 $247 $233 $231 $227
RATIO OF EARNINGS TO FIXED CHARGES 4.1 3.7 3.6 2.9 2.1