EXHIBIT 12 FOOT LOCKER, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) ($ in millions) Fiscal Years Ended ------------------------------------------------------------- Feb. 1, Feb. 2, Feb. 3, Jan. 29, Jan. 30, 2003 2002 2001 2000 1999 ---- ---- ---- ---- ---- NET EARNINGS Income from continuing operations $ 162 $ 111 $ 107 $ 59 $ 14 Income tax expense (benefit) 84 64 69 38 (28) Interest expense, excluding capitalized interest 33 35 41 65 57 Portion of rents deemed representative of the interest factor (1/3) 165 158 155 170 161 ------- ------- ------ ------- ------ $ 444 $ 368 $ 372 $ 332 $ 204 ------- ======= ------ ======= ====== FIXED CHARGES Gross interest expense 33 35 42 67 64 Portion of rents deemed representative of the interest factor (1/3) 165 158 155 170 161 ------- ------- ------ ------- ------ $ 198 $ 193 $ 197 $ 237 $ 225 ======= ======= ====== ======= ====== RATIO OF EARNINGS TO FIXED CHARGES 2.2 1.9 1.9 1.4 0.9 ------- ------- ------ ------- ------ Earnings were not adequate to cover fixed charges by $21 million for the fiscal year ended January 30, 1999.