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KMART CORPORATION AND SUBSIDIARY COMPANIES
EXHIBIT 12 - INFORMATION ON RATIO OF EARNINGS
TO FIXED CHARGES COMPUTATION
Fiscal Year Ended
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January 26, January 27, January 29,
1994 1993 1992
(Millions) --------- ------------- -----------
Net income (loss) from continuing retail operations
before extraordinary items and the effect of
accounting changes $ (328) $ 882 $ 789
Income taxes (222) 445 400
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Pretax income (loss) from continuing retail operations (550) 1,327 1,189
Equity income of unconsolidated affiliated
retail companies that exceeds distributions (19) (11) (26)
Fixed charges per below 764 664 582
Less interest capitalized during the period (12) (14) (10)
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Earnings from continuing retail operations $ 183 $ 1,966 $ 1,735
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Fixed Charges:
Interest expense $ 490 $ 442 $ 399
Rent expense - portion of operating rentals
representative of the interest factor 260 206 172
Other 14 16 11
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$ 764 $ 664 $ 582
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Ratio of income to fixed charges (1) -- 3.0 3.0
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(1) The deficiency of earnings from continuing retail operations versus fixed
charges was $581 for the fiscal year ended January 26, 1994.