Foot Locker (FL) 10-Q 2018 Q2 Quarterly report

Exhibit 12

FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

($ in millions)

	Twenty-six weeks ended					Fiscal Year Ended
		Aug. 4,		July 29,		Feb. 3,		Jan. 28,		Jan. 30,		Jan. 31,		Feb. 1,
		2018		2017		2018		2017		2016		2015		2014
NET EARNINGS
Net income	$	253	$	231	$	284	$	664	$	541	$	520	$	429
Income tax expense		91		111		294		340		296		289		234
Interest expense, excluding capitalized interest		6		6		12		11		11		11		11
Portion of rents deemed representative of the interest factor (1/3)		144		135		287		269		252		249		236
	$	494	$	483	$	877	$	1,284	$	1,100	$	1,069	$	910
FIXED CHARGES
Gross interest expense	$	6	$	6	$	12	$	11	$	11	$	11	$	11
Portion of rents deemed representative of the interest factor (1/3)		144		135		287		269		252		249		236
	$	150	$	141	$	299	$	280	$	263	$	260	$	247
RATIO OF EARNINGS TO FIXED CHARGES		3.3		3.4		2.9		4.6		4.2		4.1		3.7