Foot Locker (FL) 10-Q 2014 Q1 Quarterly report

Exhibit 12

FOOT LOCKER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

($ in millions)

	Thirteen weeks
	ended				Fiscal year ended
	May 3,		May 4,		Feb. 1,		Feb. 2,		Jan. 28,		Jan. 29,		Jan. 30,
	2014		2013		2014		2013		2012		2011		2010
NET EARNINGS
Income from continuing operations	$	162	$	138	$	429	$	397	$	278	$	169	$	47
Income tax expense		92		78		234		210		157		88		26
Interest expense, excluding capitalized interest		3		3		11		11		13		14		13
Portion of rents deemed representative of the interest factor		59		55		236		222		218		213		217
	$	316	$	274	$	910	$	840	$	666	$	484	$	303
FIXED CHARGES
Gross interest expense	$	3	$	3	$	11	$	11	$	13	$	14	$	13
Portion of rents deemed representative of the interest factor		59		55		236		222		218		213		217
	$	62	$	58	$	247	$	233	$	231	$	227	$	230
RATIO OF EARNINGS TO FIXED CHARGES		5.1		4.7		3.7		3.6		2.9		2.1		1.3